ACTIVE

ADC ST-VITH

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Financial year 2026 · closed on 31/03/2026

Net result

195,1 k €

+6.6% YoY

Gross margin

328,2 k €

+6.1% YoY

Equity

216,1 k €

+930.2% YoY

What does ADC ST-VITH do?

ADC ST-VITH is a Private limited company incorporated in 1999. Its registered office is in Sankt Vith.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.688.882

Incorporation

06/04/1999

Legal form

Private limited company

Registered office

Klosterstrasse 4A
4780 Sankt Vith · WallonieSee on map

Contributed capital

20 451,48 €

Latest accounts

31/03/2026

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	328,2 k €	+6.1%	309,3 k €	+7.7%	287,1 k €	+17.0%	245,4 k €	+11.4%	220,3 k €	+13.3%	194,5 k €	+7.2%	181,5 k €	-0.7%	182,8 k €	+6.2%	172,1 k €	-11.5%	194,4 k €	-30.6%	280,3 k €	-1.8%	285,4 k €	+4.4%	273,3 k €	+18.4%	230,9 k €	-7.6%	250 k €	+32.8%	188,3 k €	+3.9%	181,2 k €	+4.1%	174,1 k €	-17.2%	210,2 k €	+22.6%	171,4 k €
EBITDA	272,7 k €	+0.8%	270,7 k €	+11.7%	242,4 k €	+10.8%	218,7 k €	+24.3%	176 k €	+19.1%	147,7 k €	+11.0%	133 k €	-2.6%	136,6 k €	+7.7%	126,8 k €	-12.7%	145,3 k €	-35.2%	224,2 k €	-0.6%	225,7 k €	+2.9%	219,2 k €	+172%	80,5 k €	-58.6%	194,3 k €	+35.6%	143,3 k €	+26.5%	113,2 k €	-14.9%	133 k €	-21.4%	169,2 k €	+27.8%	132,4 k €
Operating result	258,6 k €	+3.7%	249,3 k €	+12.6%	221,5 k €	+11.7%	198,3 k €	+11.8%	177,3 k €	+45.2%	122,1 k €	+27.4%	95,9 k €	-10.1%	106,6 k €	-9.9%	118,4 k €	-18.4%	145,1 k €	-35.8%	225,8 k €	+9.4%	206,5 k €	-4.2%	215,5 k €	+16.5%	184,9 k €	+131%	79,9 k €	-37.1%	127,1 k €	+13.9%	111,5 k €	+34.2%	83,1 k €	-42.7%	145 k €	+36.9%	105,9 k €
Net result	195,1 k €	+6.6%	183 k €	+12.1%	163,2 k €	+12.7%	144,8 k €	+10.3%	131,2 k €	+49.9%	87,6 k €	+39.1%	63 k €	-31.9%	92,5 k €	+13.0%	81,8 k €	-11.4%	92,4 k €	-36.7%	145,9 k €	+9.1%	133,7 k €	-6.4%	142,8 k €	+18.1%	120,9 k €	+113%	56,8 k €	-26.8%	77,6 k €	-5.0%	81,6 k €	+88.5%	43,3 k €	-44.9%	78,6 k €	+65.1%	47,6 k €
Balance sheet
Equity	216,1 k €	+930%	21 k €	+2.3%	20,5 k €	-1.0%	20,7 k €	-0.9%	20,9 k €	+1.2%	20,7 k €	+0.4%	20,6 k €	-0.2%	20,6 k €	-2.6%	21,2 k €	-0.8%	21,3 k €	+1.7%	21 k €	-0.4%	21,1 k €	-1.3%	21,3 k €	-0.9%	21,5 k €	-0.5%	21,6 k €	+3.9%	20,8 k €	+38.2%	15,1 k €	+4.4%	14,5 k €	-20.3%	18,1 k €	+3.5%	17,5 k €
Total assets	560,3 k €	+6.8%	524,6 k €	+0.4%	522,5 k €	-7.3%	563,9 k €	+0.8%	559,3 k €	+3.3%	541,7 k €	-7.5%	585,9 k €	-11.8%	664 k €	+287%	171,7 k €	-14.6%	201,1 k €	-30.6%	289,6 k €	-14.0%	336,9 k €	+15.6%	291,5 k €	+41.0%	206,6 k €	+2.9%	200,9 k €	+1.9%	197,1 k €	-11.7%	223,2 k €	-11.8%	252,9 k €	-5.8%	268,5 k €	-8.0%	291,8 k €
Cash	78 k €	+422%	14,9 k €	+1.9%	14,7 k €	-44.6%	26,4 k €	-44.6%	47,8 k €	+18.1%	40,5 k €	+4.1%	38,9 k €	+64.4%	23,6 k €	+53.9%	15,4 k €	+10.4%	13,9 k €	-2.8%	14,3 k €	-80.4%	72,9 k €	+167%	27,3 k €	-44.8%	49,4 k €	+5176%	936,4 €	-84.7%	6,1 k €	+1332%	426,5 €	-38.6%	694,8 €	+188%	241,6 €	-97.4%	9,1 k €
Debts	344,2 k €	-31.6%	503,6 k €	+0.3%	502 k €	-7.6%	543,2 k €	+0.9%	538,4 k €	+3.3%	521 k €	-7.8%	565,3 k €	-12.1%	643,3 k €	+327%	150,6 k €	-16.2%	179,8 k €	-33.1%	268,6 k €	-14.9%	315,8 k €	+16.9%	270,1 k €	+45.9%	185,1 k €	+3.3%	179,2 k €	+1.7%	176,3 k €	-15.3%	208,1 k €	-12.7%	238,5 k €	-4.7%	250,3 k €	-8.7%	274,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,3 ETP	-13.3%	1,5 ETP	+15.4%	1,3 ETP	+18.2%	1,1 ETP	+10.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2026 · 2 active · 2 ended

Active mandates

THILOUBEL

Director · 0831.406.893

Active

WMC

Director · 0662.675.690

Represented by Werner Müsch

Active

Ended mandates

WMC

Manager · since 01 avril 2019 · 0662.675.690

Ended

Werner MÜSCH

Manager · since 30 mars 1999

Ended

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/07/2026	02/10/2025	16/09/2024	27/10/2023	20/09/2022	28/10/2021
General meeting	15/07/2026	13/09/2025	04/09/2024	09/09/2023	10/09/2022	11/09/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2026	15/07/2026	16/07/2026	German	PDF
Micro model	31/03/2025	13/09/2025	02/10/2025	German	PDF
Micro model	31/03/2024	04/09/2024	16/09/2024	German	PDF
Micro model	31/03/2023	09/09/2023	27/10/2023	German	PDF
Micro model	31/03/2022	10/09/2022	20/09/2022	German	PDF
Micro model	31/03/2021	11/09/2021	28/10/2021	German	PDF
Micro model	31/03/2020	12/09/2020	30/10/2020	German	PDF
Micro model	31/03/2019	14/09/2019	19/09/2019	German	PDF
Micro model	31/03/2018	08/09/2018	22/10/2018	German	PDF
Micro model	31/03/2017	09/09/2017	30/10/2017	German	PDF
Abridged model	31/03/2016	28/09/2016	28/10/2016	German	PDF
Abridged model	31/03/2015	30/09/2015	01/10/2015	German	PDF
Abridged model	31/03/2014	30/10/2014	30/10/2014	German	PDF
Abridged model	31/03/2013	31/10/2013	12/11/2013	German	PDF
Abridged model	31/03/2012	16/11/2012	30/11/2012	German	PDF
Abridged model	31/03/2011	12/08/2011	30/09/2011	German	PDF
Abridged model	31/03/2010	16/10/2010	29/10/2010	German	PDF
Abridged model	31/03/2009	12/09/2009	29/09/2009	German	PDF
Abridged model	31/03/2008	13/09/2008	26/11/2008	German	PDF
Abridged model	31/03/2007	08/09/2007	25/10/2007	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 31/03/2026 · 2 active · 2 ended

Active mandates

THILOUBEL

Director · 0831.406.893

Active

WMC

Director · 0662.675.690

Represented by Werner Müsch

Active

Ended mandates

WMC

Manager · since 01 avril 2019 · 0662.675.690

Ended

Werner MÜSCH

Manager · since 30 mars 1999

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/08/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates31/07/2026
ENTLASSUNG - ERNENNUNG - GENERALVERSAMMLUNG
PDF
Restructuring10/06/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates28/10/2022
DENOMINATION - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates08/05/2019
GESELLSCHAFTSSITZ - ENTLASSUNG - ERNENNUNG
PDF
Registered office08/02/2016
SIEGE SOCIAL
PDF
Other11/08/2011
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares27/06/2006
CAPITAL, ACTIONS
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

2026
Annual accounts 2026195,1 k €↑
2025
Annual accounts 2025183 k €↑
2024
Annual accounts 2024163,2 k €↑
2023
Annual accounts 2023144,8 k €↑
2023
Name changeADC ST-VITH
2022
Annual accounts 2022131,2 k €↑
2022
Name changeW. MÜSCH + PARTNER
2021
Annual accounts 202187,6 k €↑
2020
Annual accounts 202063 k €↓
2019
Annual accounts 201992,5 k €↑
2018
Annual accounts 201881,8 k €↓
2017
Annual accounts 201792,4 k €↓
2016
Annual accounts 2016145,9 k €↑
2015
Annual accounts 2015133,7 k €↓
2014
Annual accounts 2014142,8 k €↑
2013
Annual accounts 2013120,9 k €↑
2012
Annual accounts 201256,8 k €↓
2011
Annual accounts 201177,6 k €↓
2010
Annual accounts 201081,6 k €↑
2009
Annual accounts 200943,3 k €↓
2008
Annual accounts 200878,6 k €↑
2007
Annual accounts 200747,6 k €
06/04/1999
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ADC ST-VITH

Overview

What does ADC ST-VITH do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline