ACTIVE

ADINSEC

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Financial year 2025 · closed on 31/12/2025

Net result

260 k €

-66.3% YoY

Gross margin

2,2 M €

-19.0% YoY

Equity

1,9 M €

+15.8% YoY

Workforce

15,3 ETP

+4.1% YoY

What does ADINSEC do?

ADINSEC is a Private limited company incorporated in 2002. Its registered office is in Asse. It employs on average 15,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.082.226

Incorporation

04/04/2002

Legal form

Private limited company

Registered office

Gemeenteplein 13
1730 Asse · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

15,3 ETP

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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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	2,2 M €	-19.0%	2,7 M €	+1.0%	2,6 M €	+39.7%	1,9 M €	+44.9%	1,3 M €	+51.8%	859,6 k €	-22.5%	1,1 M €	-14.7%	1,3 M €	+18.4%	1,1 M €	+17.3%	937,1 k €	+23.5%	758,8 k €	+5.2%	721,5 k €	+58.3%	455,9 k €	+21.3%	375,7 k €	+55.2%	242,1 k €	+57.1%	154,1 k €	-15.8%	183 k €	+19.7%	152,9 k €	-39.1%	251 k €	+15.8%	216,8 k €
EBITDA	373,3 k €	-65.4%	1,1 M €	-0.0%	1,1 M €	+40.7%	766,1 k €	+241%	224,5 k €	+26.4%	177,6 k €	-58.8%	431,4 k €	-30.1%	617,1 k €	+22.2%	505,2 k €	+12.1%	450,5 k €	+68.3%	267,6 k €	-37.6%	428,6 k €	+63.5%	262,2 k €	+47.9%	177,3 k €	+509%	29,1 k €	+190%	-32,2 k €	-299%	16,2 k €	+239%	-11,6 k €	-115%	78,7 k €	+140%	32,8 k €
Operating result	351,3 k €	-66.7%	1,1 M €	+0.6%	1 M €	+40.7%	744,8 k €	+260%	207 k €	+24.0%	167 k €	-59.8%	415 k €	-31.7%	608 k €	+22.6%	495,9 k €	+13.8%	435,7 k €	+72.0%	253,3 k €	-39.9%	421,3 k €	+61.6%	260,6 k €	+49.5%	174,3 k €	+684%	22,2 k €	+150%	-44,9 k €	-1546%	3,1 k €	+109%	-35,3 k €	-164%	55,1 k €	+257%	15,4 k €
Net result	260 k €	-66.3%	772,5 k €	+3.6%	745,7 k €	+36.0%	548,4 k €	+302%	136,6 k €	+22.3%	111,7 k €	-60.1%	280,1 k €	-32.3%	413,5 k €	+28.5%	321,8 k €	+14.8%	280,3 k €	+74.7%	160,5 k €	-41.5%	274,5 k €	+58.2%	173,5 k €	+53.7%	112,8 k €	+358%	24,6 k €	+154%	-45,3 k €	-958%	5,3 k €	+115%	-35,7 k €	-198%	36,5 k €	+123%	16,4 k €
Balance sheet
Equity	1,9 M €	+15.8%	1,6 M €	+88.2%	876,1 k €	+572%	130,4 k €	+59.1%	82 k €	+80.6%	45,4 k €	+34.6%	33,7 k €	+0.3%	33,6 k €	+1.5%	33,1 k €	0.0%	33,1 k €	0.0%	33,1 k €	0.0%	33,1 k €	0.0%	33,1 k €	0.0%	33,1 k €	-26.1%	44,8 k €	+122%	20,2 k €	-69.2%	65,5 k €	+8.8%	60,2 k €	-37.2%	95,9 k €	+61.6%	59,4 k €
Total assets	6,7 M €	+27.8%	5,2 M €	+64.2%	3,2 M €	+24.4%	2,6 M €	+30.9%	2 M €	+28.7%	1,5 M €	-5.1%	1,6 M €	+102%	796,8 k €	+12.8%	706,2 k €	-15.7%	837,6 k €	+69.6%	493,8 k €	+9.6%	450,6 k €	+19.4%	377,4 k €	+13.1%	333,6 k €	+211%	107,4 k €	-38.0%	173,2 k €	+66.5%	104 k €	-28.0%	144,4 k €	-16.8%	173,6 k €	+4.5%	166,1 k €
Cash	653,2 k €	+174%	238,4 k €	-63.3%	650,4 k €	-6.7%	697 k €	+910%	69 k €	-67.8%	214,2 k €	+677%	27,6 k €	-17.0%	33,2 k €	-85.9%	234,6 k €	+6.1%	221,2 k €	+258%	61,8 k €	-67.2%	188,2 k €	+54.3%	121,9 k €	+114%	57 k €	-21.5%	72,6 k €	+758%	8,5 k €	-87.6%	68,4 k €	+4.4%	65,5 k €		–		72,7 k €
Debts	4,2 M €	+30.5%	3,2 M €	+88.0%	1,7 M €	+55.7%	1,1 M €	+52.5%	722,9 k €	-14.9%	849,1 k €	-25.6%	1,1 M €	+73.2%	658,8 k €	+13.2%	582,1 k €	-20.9%	736,1 k €	+60.2%	459,6 k €	+26.8%	362,5 k €	+5.3%	344,3 k €	+15.2%	298,7 k €	+385%	61,6 k €	-59.7%	153 k €	+298%	38,5 k €	-53.7%	83,1 k €	+24.2%	66,9 k €	-29.4%	94,8 k €
Other
Workforce	15,3 ETP	+4.1%	14,7 ETP	+4.3%	14,1 ETP	+23.7%	11,4 ETP	+3.6%	11,0 ETP	+57.1%	7,0 ETP	0.0%	7,0 ETP	-7.9%	7,6 ETP	+11.8%	6,8 ETP	+13.3%	6,0 ETP	+27.7%	4,7 ETP	+34.3%	3,5 ETP	+75.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 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 · 21 ended

Active mandates

XALIENT BV

Director · since 12 février 2023 · 1008.173.656

Represented by Sherry Vaswani

Active

Ended mandates

Xalient BV

Director · since 13 décembre 2023 · 1008.173.656

Represented by Vaswani Sherry

Ended

RIELISE

Director · since 01 janvier 2020 · until 13 décembre 2023 · 0719.553.027

Represented by Ben Verbeelen

Ended

RIELISE

Director · since 01 janvier 2020 · 0719.553.027

Represented by BEN VERBELEN

Ended

RIELISE

Director · since 01 janvier 2020 · 0719.553.027

Represented by Ben Verbelen

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	11/05/2026	27/08/2025	05/12/2024	11/05/2023	17/06/2022	10/08/2021
General meeting	08/05/2026	30/06/2025	25/11/2024	08/05/2023	09/05/2022	08/05/2021
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
Abridged model	31/12/2025	08/05/2026	11/05/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	27/08/2025	Dutch	PDF
Abridged model	31/12/2023	25/11/2024	05/12/2024	Dutch	PDF
Abridged model	31/12/2022	08/05/2023	11/05/2023	Dutch	PDF
Abridged model	31/12/2021	09/05/2022	17/06/2022	Dutch	PDF
Abridged model	31/12/2020	08/05/2021	10/08/2021	Dutch	PDF
Abridged model	31/12/2019	24/04/2020	25/05/2020	Dutch	PDF
Abridged model	31/12/2018	28/02/2019	19/04/2019	Dutch	PDF
Abridged model	31/12/2017	08/05/2018	24/05/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	07/06/2016	Dutch	PDF
Abridged model	31/12/2014	11/06/2015	15/06/2015	Dutch	PDF
Abridged model	31/12/2013	18/02/2014	14/03/2014	Dutch	PDF
Abridged model	31/12/2012	08/05/2013	03/06/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	22/09/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	08/05/2009	26/05/2009	Dutch	PDF
Abridged model	31/12/2007	28/06/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/05/2007	21/06/2007	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 · 21 ended

Active mandates

XALIENT BV

Director · since 12 février 2023 · 1008.173.656

Represented by Sherry Vaswani

Active

Ended mandates

Xalient BV

Director · since 13 décembre 2023 · 1008.173.656

Represented by Vaswani Sherry

Ended

RIELISE

Director · since 01 janvier 2020 · until 13 décembre 2023 · 0719.553.027

Represented by Ben Verbeelen

Ended

RIELISE

Director · since 01 janvier 2020 · 0719.553.027

Represented by BEN VERBELEN

Ended

RIELISE

Director · since 01 janvier 2020 · 0719.553.027

Represented by Ben Verbelen

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other08/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/03/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates15/03/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/08/2013
ONTSLAGEN - BENOEMINGEN
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 2025260 k €↓
2024
Annual accounts 2024772,5 k €↑
2023
Annual accounts 2023745,7 k €↑
2022
Annual accounts 2022548,4 k €↑
2021
Annual accounts 2021136,6 k €↑
2020
Annual accounts 2020111,7 k €↓
2019
Annual accounts 2019280,1 k €↓
2018
Annual accounts 2018413,5 k €↑
2017
Annual accounts 2017321,8 k €↑
2016
Annual accounts 2016280,3 k €↑
2015
Annual accounts 2015160,5 k €↓
2014
Annual accounts 2014274,5 k €↑
2013
Annual accounts 2013173,5 k €↑
2012
Annual accounts 2012112,8 k €↑
2011
Annual accounts 201124,6 k €↑
2010
Annual accounts 2010-45,3 k €↓
2009
Annual accounts 20095,3 k €↑
2008
Annual accounts 2008-35,7 k €↓
2007
Annual accounts 200736,5 k €↑
2006
Annual accounts 200616,4 k €
04/04/2002
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

ADINSEC

Overview

What does ADINSEC 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