ACTIVE

ADFISCO

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Financial year 2025 · closed on 31/12/2025

Net result

307,4 k €

+160.0% YoY

Gross margin

467,7 k €

+136.5% YoY

Equity

793,1 k €

+36.8% YoY

What does ADFISCO do?

ADFISCO is a Private limited company incorporated in 2000. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Geraardsbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.189.457

Incorporation

06/11/2000

Legal form

Private limited company

Registered office

Ruisenbroek(Oph) 8
9500 Geraardsbergen · FlandreSee on map

Latest accounts

31/12/2025

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69202Accounting, bookkeeping and auditing activities; tax consultancy 74121Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	467,7 k €	+136%	197,8 k €	+4.9%	188,6 k €	-4.5%	197,6 k €	+8.5%	182,1 k €	+20.8%	150,7 k €	-4.3%	157,5 k €	+16.4%	135,2 k €	+25.8%	107,5 k €	+7.4%	100,1 k €	-0.4%	100,5 k €	-11.0%	112,9 k €	+17.1%	96,4 k €	-23.3%	125,6 k €	-11.8%	142,4 k €	+11.0%	128,3 k €	+1.4%	126,5 k €	+11.2%	113,8 k €	-3.9%	118,5 k €	+1.3%	117 k €
EBITDA	439,8 k €	+156%	171,6 k €	+9.0%	157,4 k €	-3.8%	163,6 k €	+7.6%	152 k €	+29.3%	117,6 k €	-7.8%	127,5 k €	+22.9%	103,7 k €	+37.6%	75,4 k €	+1.4%	74,3 k €	-9.9%	82,5 k €	+31.2%	62,9 k €	+30.7%	48,1 k €	-38.9%	78,8 k €	-18.3%	96,5 k €	+22.3%	78,9 k €	+9.3%	72,1 k €	+7.2%	67,3 k €	+17.5%	57,3 k €	+9.3%	52,4 k €
Operating result	435 k €	+167%	163 k €	+11.5%	146,2 k €	-4.7%	153,3 k €	+20.8%	127 k €	+35.7%	93,6 k €	-9.5%	103,4 k €	+27.3%	81,2 k €	+55.6%	52,2 k €	-17.1%	62,9 k €	-9.0%	69,1 k €	+42.2%	48,6 k €	+52.2%	31,9 k €	-43.9%	56,9 k €	-10.5%	63,6 k €	+35.9%	46,8 k €	+30.0%	36 k €	+17.7%	30,6 k €	+8.2%	28,3 k €	+2.3%	27,6 k €
Net result	307,4 k €	+160%	118,2 k €	+12.8%	104,8 k €	-0.5%	105,3 k €	+15.2%	91,4 k €	+33.0%	68,8 k €	-6.0%	73,2 k €	+33.1%	55 k €	+51.7%	36,2 k €	-12.0%	41,2 k €	+14.1%	36,1 k €	+45.1%	24,9 k €	+63.7%	15,2 k €	-30.9%	22 k €	-26.3%	29,9 k €	+73.2%	17,2 k €	+93.1%	8,9 k €	+61.1%	5,5 k €	+203%	1,8 k €	-64.2%	5,1 k €
Balance sheet
Equity	793,1 k €	+36.8%	579,7 k €	+12.2%	516,5 k €	+14.9%	449,7 k €	+18.6%	379,2 k €	+5.8%	358,6 k €	+23.4%	290,6 k €	+24.6%	233,3 k €	+4.1%	224,1 k €	+18.9%	188,5 k €	+21.1%	155,7 k €	+21.7%	128 k €	+111%	60,6 k €	-38.1%	97,9 k €	+24.9%	78,4 k €	+53.7%	51 k €	+40.7%	36,2 k €	+21.6%	29,8 k €	+13.5%	26,3 k €	+7.5%	24,4 k €
Total assets	846,4 k €	+35.4%	625,4 k €	+6.8%	585,7 k €	+8.8%	538,6 k €	+11.2%	484,5 k €	+2.4%	473,2 k €	+8.0%	438,3 k €	+8.9%	402,5 k €	+3.0%	390,7 k €	+6.2%	367,9 k €	+7.1%	343,4 k €	-9.3%	378,5 k €	+3.3%	366,4 k €	-2.7%	376,5 k €	-30.7%	543,6 k €	+1.9%	533,3 k €	-4.3%	557,3 k €	-4.8%	585,4 k €	+1.3%	577,7 k €	+7.0%	539,7 k €
Cash	233,2 k €	+91.8%	121,6 k €	-45.5%	223 k €	-29.5%	316,1 k €	+31.5%	240,4 k €	+22.3%	196,6 k €	+56.4%	125,7 k €	+13.5%	110,8 k €	+8.8%	101,8 k €	-12.2%	115,9 k €	+76.2%	65,8 k €	+102%	32,5 k €	-19.2%	40,2 k €	-2.3%	41,2 k €	+102%	20,4 k €	+98.7%	10,3 k €	+13.3%	9,1 k €	-65.2%	26,1 k €	+339%	5,9 k €	-38.2%	9,6 k €
Debts	53,3 k €	+20.8%	44,1 k €	-34.7%	67,7 k €	-22.5%	87,3 k €	-15.8%	103,7 k €	-8.3%	113,1 k €	-22.6%	146,2 k €	-12.8%	167,6 k €	+1.5%	165,1 k €	-7.2%	177,8 k €	-4.5%	186,2 k €	-25.2%	248,8 k €	-18.2%	304,1 k €	+9.8%	276,9 k €	-40.1%	462,2 k €	-3.6%	479,3 k €	-7.5%	518 k €	-6.2%	552,5 k €	+0.8%	548,3 k €	+7.7%	509,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,9 ETP	-50.0%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	+125%	0,8 ETP	-27.3%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	-31.3%	1,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Axel Jacqueline Steyt

Director

Active

Ended mandates

Axel Steyt

Director

Ended

Axel Steyt

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/07/2026	23/08/2025	29/07/2024	21/07/2023	23/07/2022	16/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	23/06/2023	24/06/2022	25/06/2021
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	31/12/2025	26/06/2026	26/07/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	23/08/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	29/07/2024	Dutch	PDF
Micro model	31/12/2022	23/06/2023	21/07/2023	Dutch	PDF
Micro model	31/12/2021	24/06/2022	23/07/2022	Dutch	PDF
Micro model	31/12/2020	25/06/2021	16/07/2021	Dutch	PDF
Micro model	31/12/2019	26/06/2020	20/07/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	02/07/2019	Dutch	PDF
Micro model	31/12/2017	22/06/2018	02/07/2018	Dutch	PDF
Micro model	31/12/2016	23/06/2017	23/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	06/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	17/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	28/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	22/06/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	25/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	23/07/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	25/07/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	28/07/2008	Dutch	PDF
Abridged model	31/12/2006	22/06/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 1 active · 2 ended

Active mandates

Axel Jacqueline Steyt

Director

Active

Ended mandates

Axel Steyt

Director

Ended

Axel Steyt

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office20/08/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares27/03/2018
KAPITAAL - AANDELEN
PDF
Capital / shares31/01/2014
KAPITAAL - AANDELEN
PDF
Registered office23/03/2006
MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
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

2025
Annual accounts 2025307,4 k €↑
2024
Annual accounts 2024118,2 k €↑
2023
Annual accounts 2023104,8 k €↓
2022
Annual accounts 2022105,3 k €↑
2021
Annual accounts 202191,4 k €↑
2020
Annual accounts 202068,8 k €↓
2019
Annual accounts 201973,2 k €↑
2018
Annual accounts 201855 k €↑
2017
Annual accounts 201736,2 k €↓
2016
Annual accounts 201641,2 k €↑
2015
Annual accounts 201536,1 k €↑
2014
Annual accounts 201424,9 k €↑
2013
Annual accounts 201315,2 k €↓
2012
Annual accounts 201222 k €↓
2011
Annual accounts 201129,9 k €↑
2010
Annual accounts 201017,2 k €↑
2009
Annual accounts 20098,9 k €↑
2008
Annual accounts 20085,5 k €↑
2007
Annual accounts 20071,8 k €↓
2006
Annual accounts 20065,1 k €
06/11/2000
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

ADFISCO

Overview

What does ADFISCO 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