ACTIVE

AD PROJEKT

Financial year 2025 · closed on 31/12/2025
Net result
59,3 k €
+180.4% YoY
Gross margin
62,4 k €
+202.4% YoY
Equity
53 k €
+940.3% YoY

What does AD PROJEKT do?

AD PROJEKT is a Private limited company incorporated in 1998. Its main activity is: Management of real estate on a fee or contract basis. Its registered office is in Aalst.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0463.698.503
Incorporation
01/07/1998
Legal form
Private limited company
Registered office
Bredestraat 375
9300 Aalst · FlandreSee on map
Contributed capital
24 789,35 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin62,4 k €-61 k €209 k €200,4 k €108,9 k €69,7 k €87,3 k €90,5 k €152 k €127,2 k €81,8 k €-27,2 k €-24,9 k €9,1 k €21,5 k €10,7 k €10,7 k €11,4 k €20,9 k €40,4 k €
EBITDA61 k €-72,5 k €73,6 k €87,5 k €29,2 k €9,9 k €53,6 k €53,2 k €64,4 k €53,1 k €45,1 k €-28,2 k €-26 k €8,4 k €19,7 k €8,7 k €8,9 k €9,6 k €19,2 k €38,3 k €
Operating result60,6 k €-75,5 k €70,9 k €57,2 k €-12,8 k €-33,2 k €13,3 k €12,9 k €14 k €16,4 k €17,6 k €-45,1 k €-43,5 k €-1,2 k €9,9 k €-906 €185 €2,2 k €9,1 k €28,5 k €
Net result59,3 k €-73,7 k €53,2 k €56,1 k €-22,5 k €-46,1 k €5,9 k €5 k €2,2 k €5,4 k €10,4 k €-61,4 k €-55,7 k €-1 k €6,9 k €-2,4 k €-201 €-921 €2,6 k €-2 k €
Balance sheet
Equity53 k €-6,3 k €67,4 k €14,2 k €-41,8 k €-19,4 k €26,8 k €20,9 k €15,9 k €13,7 k €8,3 k €-2,1 k €59,3 k €115 k €116 k €109,1 k €111,5 k €111,7 k €112,6 k €110 k €
Total assets133 k €135,5 k €277 k €371 k €355 k €359,4 k €362,2 k €377,7 k €382,5 k €355,2 k €343,8 k €270,2 k €223,7 k €218,2 k €215,3 k €211,4 k €202,7 k €216,2 k €230,6 k €204,6 k €
Cash75,7 k €42,2 k €79,4 k €362,7 €26,4 k €30,2 k €23,1 k €15,4 k €8,5 k €19,9 k €41,5 k €45,5 k €17,8 k €14,7 k €6,4 k €3,3 k €2,8 k €15,2 k €6,2 k €4,8 k €
Debts80,1 k €141,6 k €208,2 k €356,8 k €396,4 k €378,7 k €335,4 k €355,8 k €366,3 k €341,5 k €335,5 k €272,4 k €164,5 k €103,2 k €99,1 k €102 k €91,2 k €104,5 k €117,8 k €94,5 k €
Other
Workforce1,2 ETP0,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

ANN DIERICKX

Director

Active

Ended mandates

Ann Dierickx

Mandate

Ended
ANN DIERICKX

Manager

Ended
Margot De Bruyn

Mandate

Ended
Olivier Stockmans

Mandate

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date05/06/202630/06/202529/08/202431/08/202330/08/202217/08/2021
General meeting01/06/202602/06/202503/06/202430/06/202307/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202501/06/202605/06/2026DutchPDF
Micro model31/12/202402/06/202530/06/2025DutchPDF
Micro model31/12/202303/06/202429/08/2024DutchPDF
Micro model31/12/202230/06/202331/08/2023DutchPDF
Micro model31/12/202107/06/202230/08/2022DutchPDF
Micro model31/12/202030/06/202117/08/2021DutchPDF
Micro model31/12/201930/06/202029/07/2020DutchPDF
Micro model31/12/201803/06/201918/07/2019DutchPDF
Micro model31/12/201704/06/201803/07/2018DutchPDF
Micro model31/12/201609/08/201730/08/2017DutchPDF
Abridged model31/12/201526/08/201631/08/2016DutchPDF
Abridged model31/12/201430/06/201520/07/2015DutchPDF
Abridged model31/12/201318/08/201419/08/2014DutchPDF
Abridged model31/12/201203/06/201304/06/2013DutchPDF
Abridged model31/12/201104/06/201223/06/2012DutchPDF
Abridged model31/12/201006/06/201109/06/2011DutchPDF
Abridged model31/12/200907/06/201020/06/2010DutchPDF
Abridged model31/12/200802/06/200912/06/2009DutchPDF
Abridged model31/12/200702/06/200824/06/2008DutchPDF
Abridged model31/12/200604/06/200725/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

ANN DIERICKX

Director

Active

Ended mandates

Ann Dierickx

Mandate

Ended
ANN DIERICKX

Manager

Ended
Margot De Bruyn

Mandate

Ended
Olivier Stockmans

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office27/10/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates14/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/05/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/10/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/03/2004
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202559,3 k €
  2. 2024
    Annual accounts 2024-73,7 k €
  3. 2023
    Annual accounts 202353,2 k €
  4. 2022
    Annual accounts 202256,1 k €
  5. 2021
    Annual accounts 2021-22,5 k €
  6. 2020
    Annual accounts 2020-46,1 k €
  7. 2019
    Annual accounts 20195,9 k €
  8. 2018
    Annual accounts 20185 k €
  9. 2017
    Annual accounts 20172,2 k €
  10. 2016
    Annual accounts 20165,4 k €
  11. 2015
    Annual accounts 201510,4 k €
  12. 2014
    Annual accounts 2014-61,4 k €
  13. 2013
    Annual accounts 2013-55,7 k €
  14. 2012
    Annual accounts 2012-1 k €
  15. 2011
    Annual accounts 20116,9 k €
  16. 2010
    Annual accounts 2010-2,4 k €
  17. 2009
    Annual accounts 2009-201 €
  18. 2008
    Annual accounts 2008-921 €
  19. 2007
    Annual accounts 20072,6 k €
  20. 2006
    Annual accounts 2006-2 k €
  21. 01/07/1998
    IncorporationPrivate limited company