NORMAL SITUATION

ADVANCED TECHNOLOGY EXPLAINED

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Financial year 2024 · closed on 30/06/2024

Net result

687,6 k €

-11.0% YoY

Gross margin

2,2 M €

-31.3% YoY

Equity

3,7 M €

+22.8% YoY

Workforce

24,4 ETP

+17.9% YoY

Company — Normal situation.

What does ADVANCED TECHNOLOGY EXPLAINED do?

ADVANCED TECHNOLOGY EXPLAINED is a company registered in Belgium. It employs on average 24,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.702.954

Legal form

Public limited company

Contributed capital

101 730,00 €

Latest accounts

30/06/2024

Average workforce

24,4 ETP

Joint committees (3)

200
20000
218

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,2 M €	-31.3%	3,2 M €	+19.4%	2,7 M €	+14.9%	2,3 M €	+38.9%	1,7 M €	+40.2%	1,2 M €	+51.4%	783,9 k €	+66.7%	470,3 k €	-41.6%	805,8 k €	+10.2%	731,2 k €	+56.7%	466,5 k €	-10.7%	522,4 k €	+42.3%	367,1 k €	+17.9%	311,4 k €	+26.5%	246,2 k €	+32.3%	186,1 k €	+50.9%	123,4 k €	+64.3%	75,1 k €	-30.4%	107,9 k €
EBITDA	995,1 k €	-19.4%	1,2 M €	+15.3%	1,1 M €	+6.3%	1 M €	+39.6%	721,7 k €	+73.1%	416,9 k €	+237%	123,5 k €	+258%	-78,1 k €	-122%	350,3 k €	+24.8%	280,7 k €	+421%	53,8 k €	-77.7%	241,3 k €	+90.8%	126,5 k €	+17.3%	107,9 k €	+119%	49,3 k €	-29.5%	69,8 k €	+113%	32,8 k €	+333%	-14,1 k €	-155%	25,6 k €
Operating result	844,1 k €	-9.6%	933,9 k €	+9.1%	856 k €	-3.6%	887,9 k €	+32.3%	671,1 k €	+71.4%	391,6 k €	+322%	92,9 k €	+182%	-113,7 k €	-137%	305,9 k €	+28.6%	237,9 k €	+516%	38,6 k €	-78.6%	180 k €	+82.3%	98,8 k €	+26.1%	78,3 k €	+264%	21,5 k €	-56.2%	49,2 k €	+304%	12,2 k €	+136%	-34 k €	-519%	8,1 k €
Net result	687,6 k €	-11.0%	772,6 k €	+28.2%	602,6 k €	-7.9%	654,7 k €	+17.3%	558,4 k €	+66.5%	335,4 k €	+291%	85,8 k €	+177%	-111,3 k €	-142%	265,2 k €	+88.5%	140,7 k €	+471%	24,6 k €	-79.4%	119,6 k €	+81.9%	65,8 k €	+38.2%	47,6 k €	+294%	12,1 k €	+22.3%	9,9 k €	+7.8%	9,2 k €	+126%	-35,9 k €	-682%	6,2 k €
Balance sheet
Equity	3,7 M €	+22.8%	3 M €	+34.3%	2,2 M €	+36.6%	1,6 M €	+66.0%	991,9 k €	+129%	433,5 k €	+342%	98 k €	+698%	12,3 k €	-90.1%	123,6 k €	-73.0%	458,4 k €	+44.3%	317,7 k €	+8.4%	293,1 k €	+64.7%	177,9 k €	+58.6%	112,2 k €	+73.7%	64,6 k €	+23.0%	52,5 k €	+23.2%	42,6 k €	+27.4%	33,4 k €	-51.8%	69,3 k €
Total assets	7,2 M €	+12.2%	6,4 M €	+23.0%	5,2 M €	+54.2%	3,4 M €	+24.8%	2,7 M €	+74.8%	1,5 M €	+47.4%	1,1 M €	+29.8%	809,4 k €	+29.6%	624,5 k €	-18.5%	766,5 k €	+26.3%	607 k €	-0.9%	612,4 k €	+49.9%	408,5 k €	+35.9%	300,6 k €	+16.3%	258,4 k €	+38.3%	186,8 k €	-7.7%	202,4 k €	+45.1%	139,5 k €	-14.1%	162,4 k €
Cash	90 k €	-4.4%	94,1 k €	-55.4%	211,1 k €	-23.0%	274,1 k €	+109%	131,1 k €	-29.3%	185,5 k €	+118%	85,2 k €	-69.9%	283,6 k €	-5.0%	298,4 k €	-29.0%	420,5 k €	+14.9%	365,9 k €	+14.6%	319,3 k €	+135%	135,9 k €	+24.4%	109,3 k €	+15.7%	94,5 k €	+43.7%	65,8 k €	+77.9%	37 k €	+36.9%	27 k €	-6.2%	28,8 k €
Debts	1,1 M €	-14.5%	1,2 M €	-6.1%	1,3 M €	+181%	470,5 k €	+2.9%	457,2 k €	+57.8%	289,8 k €	-1.6%	294,7 k €	+25.9%	234,1 k €	-51.9%	486,7 k €	+67.0%	291,5 k €	+0.8%	289,3 k €	-9.4%	319,3 k €	+38.5%	230,6 k €	+22.4%	188,4 k €	-2.8%	193,8 k €	+44.3%	134,4 k €	-15.5%	159,1 k €	+50.0%	106,1 k €	+14.2%	92,9 k €
Other
Workforce	24,4 ETP	+17.9%	20,7 ETP	+3.5%	20,0 ETP	+3.6%	19,3 ETP	+35.0%	14,3 ETP		–		–		10,0 ETP	+37.0%	7,3 ETP	0.0%	7,3 ETP	0.0%	7,3 ETP	+21.7%	6,0 ETP	+39.5%	4,3 ETP	+7.5%	4,0 ETP	0.0%	4,0 ETP	+53.8%	2,6 ETP	+4.0%	2,5 ETP	+13.6%	2,2 ETP	0.0%	2,2 ETP

Governance

Board of directors

Seen on filing of 30/06/2024 · 2 active · 19 ended

Active mandates

Michael HEIN

Director · since 15 octobre 2022 · until 10 juillet 2025

Active

Jurgen DE BACKER

Managing director · since 01 avril 2021 · until 10 juillet 2025

Active

Ended mandates

Michael Hein

Director · since 15 octobre 2022 · until 02 mai 2028

Ended

Jurgen De Backer

Director · since 01 avril 2021 · until 06 mai 2025

Ended

Jurgen De Backer

Managing director · since 01 avril 2021 · until 06 mai 2025

Ended

Lars Henze

Director · since 19 août 2019 · until 15 octobre 2022

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/06/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	6 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/07/2025	22/07/2024	06/07/2023	18/10/2022	30/09/2021	20/08/2020
General meeting	10/07/2025	28/06/2024	04/07/2023	14/10/2022	30/09/2021	05/05/2020
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

24 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2024	10/07/2025	16/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	22/07/2024	Dutch	PDF
Abridged model	31/12/2022	04/07/2023	06/07/2023	Dutch	PDF
Abridged model	31/12/2021	14/10/2022	18/10/2022	Dutch	PDF
Abridged model	31/12/2020	30/09/2021	30/09/2021	Dutch	PDF
Micro model	31/12/2019	05/05/2020	20/08/2020	Dutch	PDF
Abridged model	31/12/2018	01/05/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	01/05/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	02/05/2017	29/09/2017	Dutch	PDF
Abridged model	31/12/2015	03/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	11/05/2015	02/07/2015	Dutch	PDF
Abridged modelCorrection	31/12/2013	06/05/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2013	06/05/2014	08/08/2014	Dutch	PDF
Abridged model	31/12/2012	07/05/2013	18/07/2013	Dutch	PDF
Abridged model	31/12/2011	08/05/2012	13/08/2012	Dutch	PDF
Abridged model	31/12/2010	03/05/2011	26/08/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	27/07/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	31/08/2008	23/09/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	02/07/2007	Dutch	PDF
Abridged model	31/12/2005	30/06/2006	26/07/2006	Dutch	PDF
Abridged model	31/12/2004	05/06/2005	05/07/2005	Dutch	PDF
Abridged model	31/12/2003	04/05/2004	01/06/2004	Dutch	PDF
Abridged model	31/12/2002	30/06/2003	25/07/2003	Dutch	PDF

Estimate

Indicative valuation

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 30/06/2024 · 2 active · 19 ended

Active mandates

Michael HEIN

Director · since 15 octobre 2022 · until 10 juillet 2025

Active

Jurgen DE BACKER

Managing director · since 01 avril 2021 · until 10 juillet 2025

Active

Ended mandates

Michael Hein

Director · since 15 octobre 2022 · until 02 mai 2028

Ended

Jurgen De Backer

Director · since 01 avril 2021 · until 06 mai 2025

Ended

Jurgen De Backer

Managing director · since 01 avril 2021 · until 06 mai 2025

Ended

Lars Henze

Director · since 19 août 2019 · until 15 octobre 2022

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2024
Annual accounts 2024687,6 k €↓
2023
Annual accounts 2023772,6 k €↑
2022
Annual accounts 2022602,6 k €↓
2021
Annual accounts 2021654,7 k €↑
2020
Annual accounts 2020558,4 k €↑
2019
Annual accounts 2019335,4 k €↑
2018
Annual accounts 201885,8 k €↑
2017
Annual accounts 2017-111,3 k €↓
2016
Annual accounts 2016265,2 k €↑
2015
Annual accounts 2015140,7 k €↑
2014
Annual accounts 201424,6 k €↓
2013
Annual accounts 2013119,6 k €↑
2012
Annual accounts 201265,8 k €↑
2011
Annual accounts 201147,6 k €↑
2010
Annual accounts 201012,1 k €↑
2009
Annual accounts 20099,9 k €↑
2008
Annual accounts 20089,2 k €↑
2007
Annual accounts 2007-35,9 k €↓
2006
Annual accounts 20066,2 k €

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

ADVANCED TECHNOLOGY EXPLAINED

Overview

What does ADVANCED TECHNOLOGY EXPLAINED do?

Trend over 19 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline