ACTIVE

ADP Employer Services Belgium

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Financial year 2025 · Closed on 30/06/2025

Net result203,7 k €+1,6 %over 1 year

Gross margin1,5 M €+0,5 %over 1 year

Equity1,1 M €+22,1 %over 1 year

Workforce4,8 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

ADP Employer Services Belgium is a Private limited company incorporated in 2014. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles. It employs on average 4,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0557.954.787
Incorporation: 29/07/2014
Legal form: Private limited company
Registered office: Avenue Marnix 23
1000 Bruxelles · BruxellesSee on map
Contributed capital: 18 600,00 €
Latest accounts: 30/06/2025
Average workforce: 4,8 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 82100Office administrative and support activities 82110Combined office administrative service activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 11 filings

Trend over 9 financial years

	2025		2024		2023		2022		2019
Income statement
Gross margin	1,5 M €	+0.5%	1,5 M €	+14.2%	1,3 M €	+36.1%	990,1 k €	-37.0%	1,6 M €
EBITDA	298,5 k €	+3.0%	289,8 k €	-15.1%	341,4 k €	-1.3%	345,9 k €	+367%	74 k €
Operating result	298,5 k €	+3.0%	289,8 k €	-15.1%	341,4 k €	-1.3%	345,9 k €	+367%	74 k €
Net result	203,7 k €	+1.6%	200,5 k €	-16.2%	239,2 k €	+0.6%	237,9 k €	+1100%	19,8 k €
Balance sheet
Equity	1,1 M €	+22.1%	921,9 k €	+27.8%	721,3 k €	+49.6%	482,1 k €	+195%	163,3 k €
Total assets	1,4 M €	+10.8%	1,3 M €	+23.4%	1 M €	+37.0%	752,6 k €	+58.4%	475,3 k €
Cash	1,2 M €	+17.1%	1,1 M €	+23.5%	858,8 k €	+51.9%	565,4 k €	+97.3%	286,6 k €
Debts	284,1 k €	-18.9%	350,5 k €	+13.3%	309,4 k €	+14.4%	270,5 k €	-13.3%	312 k €
Other
Workforce	4,8 ETP	0.0%	4,8 ETP	+11.6%	4,3 ETP	+26.5%	3,4 ETP	-62.2%	9,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 11 ended

Active mandates

Jeffrey Lewis Phipps

Director · since 28 janvier 2022

Active

Virginia Magliulo

Director · since 24 octobre 2019

Active

Ended mandates

Jeffrey Lewis Phipps

Director · since 28 janvier 2022

Ended

Theodore Edward Curey

Director · since 01 septembre 2018 · until 25 octobre 2019

Ended

Theodore Edward Curey

Manager · since 01 septembre 2018

Ended

Todd Michael HORVATH

Manager · since 01 octobre 2014 · until 31 juillet 2017

Ended

Other companies at this address

Avenue Marnix 23 1000 Bruxelles

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Advanced Instruments (Belgium)● Active	0789.792.311
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AE Property Belgium● Active	1011.287.356
AGP Belgium● Active	0696.989.441
AIRPORT GARDEN HOTEL● Active	0474.417.201
Andreas MEP Partners● Active	1024.126.394
Andreas TopCo● Active	1016.625.029
Andreas Warehouse● Active	1022.044.260
Arabian Oud Belgium● Active	1038.339.270
Ascensus Specialties● Active	0700.966.342
Avocent Belgium Limited● Active	0890.423.970
B-ARENA● Active	0882.540.048
BASS MASTER ISSUER● Active	0898.307.694
BAYREUTH● Active	0475.231.209
BCEI Belgium● Active	0764.855.688
BELGIAN LION● Active	0808.394.535
Brabo Group Investments● Active	1042.714.069
Brabo Infrastructure● Active	1042.615.089
Brabo Investments● Active	1042.464.938
Bumper BE● Active	0742.668.622

Full financial information

Source · NBB

	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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/12/2025	07/01/2025	19/12/2023	20/01/2023	16/12/2021	29/01/2021
General meeting	26/11/2025	31/12/2024	11/12/2023	30/12/2022	15/10/2021	15/11/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 11 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	26/11/2025	02/12/2025	Dutch	PDF
Abridged model	30/06/2024	31/12/2024	07/01/2025	Dutch	PDF
Abridged model	30/06/2023	11/12/2023	19/12/2023	Dutch	PDF
Abridged model	30/06/2022	30/12/2022	20/01/2023	Dutch	PDF
Abridged model	30/06/2021	15/10/2021	16/12/2021	Dutch	PDF
Abridged model	30/06/2020	15/11/2020	29/01/2021	Dutch	PDF
Abridged model	30/06/2019	15/10/2019	18/11/2019	Dutch	PDF
Full model	30/06/2018	31/01/2019	24/04/2019	Dutch	PDF
Full model	30/06/2017	30/10/2017	30/11/2017	Dutch	PDF
Full model	30/06/2016	13/01/2017	28/02/2017	Dutch	PDF
Full model	30/06/2015	14/01/2016	29/02/2016	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 11 ended

Active mandates

Jeffrey Lewis Phipps

Director · since 28 janvier 2022

Active

Virginia Magliulo

Director · since 24 octobre 2019

Active

Ended mandates

Jeffrey Lewis Phipps

Director · since 28 janvier 2022

Ended

Theodore Edward Curey

Director · since 01 septembre 2018 · until 25 octobre 2019

Ended

Theodore Edward Curey

Manager · since 01 septembre 2018

Ended

Todd Michael HORVATH

Manager · since 01 octobre 2014 · until 31 juillet 2017

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates25/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other01/09/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ALGEMENE VERGADERING
PDF
Mandates16/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/12/2020
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF

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

See the Business plan

Timeline

2025
Annual accounts 2025203,7 k €↑
2024
Annual accounts 2024200,5 k €↓
2023
Annual accounts 2023239,2 k €↑
2022
Annual accounts 2022237,9 k €↑
2019
Annual accounts 201919,8 k €↓
2018
Annual accounts 201843 k €↑
2017
Annual accounts 201742 k €↑
2016
Annual accounts 201635,8 k €↑
2015
Annual accounts 20154 k €
29/07/2014
IncorporationPrivate limited company

ADP Employer Services Belgium

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline