ACTIVE

ADNCO

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Financial year 2025 · closed on 31/12/2025
Net result
23,2 k €
-21.6% YoY
Gross margin
-2 k €
-101.1% YoY
Equity
1,3 M €
+1.9% YoY

What does ADNCO do?

ADNCO is a Private limited company incorporated in 2015. Its main activity is: Management consultancy activities. Its registered office is in Forest.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0631.985.385
Incorporation
12/06/2015
Legal form
Private limited company
Registered office
Boulevard de l'Humanité 415
1190 Forest · BruxellesSee on map
Contributed capital
811 472,65 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities62090Other information technology and computer service activities62900Computer programming, consultancy and related activities82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Signals
ProfitableSolid equityPositive cashflowHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin-2 k €181 k €188 k €148,5 k €186,6 k €177,9 k €130,4 k €130,4 k €130,3 k €161,8 k €
EBITDA-33,7 k €160,5 k €163,6 k €132,3 k €184,8 k €174,4 k €129,5 k €129,5 k €129,9 k €160 k €
Operating result-69,8 k €149,4 k €154,9 k €122,4 k €174,9 k €172,6 k €129,5 k €129,5 k €129,9 k €160 k €
Net result23,2 k €29,6 k €62,3 k €49,8 k €93,1 k €78,2 k €37,7 k €36,4 k €31,5 k €22 k €
Balance sheet
Equity1,3 M €1,2 M €1,2 M €1,2 M €1,1 M €1 M €934,6 k €896,9 k €860,5 k €829 k €
Total assets3,2 M €3,2 M €3,1 M €3,1 M €3,1 M €3,1 M €3,1 M €3,1 M €3,1 M €3,2 M €
Cash42,5 k €74,9 k €761,1 €34,5 k €35,8 k €6,6 k €2,8 k €1,9 k €7,5 k €11 k €
Debts1,9 M €2 M €1,9 M €2 M €2 M €2,1 M €2,1 M €2,2 M €2,3 M €2,3 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

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

Active mandates

André DEGRAEVE

Director · since 16 juin 2015

Active

Ended mandates

ANDRE DEGRAEVE

Administrator - manager

Ended
ANDRE DEGRAEVE

Manager

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/07/202606/08/202506/09/202422/08/202309/08/202230/08/2021
General meeting16/06/202618/06/202525/06/202420/06/202321/06/202215/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202516/06/202615/07/2026FrenchPDF
Micro model31/12/202418/06/202506/08/2025FrenchPDF
Micro model31/12/202325/06/202406/09/2024FrenchPDF
Micro model31/12/202220/06/202322/08/2023FrenchPDF
Micro model31/12/202121/06/202209/08/2022FrenchPDF
Micro model31/12/202015/06/202130/08/2021FrenchPDF
Abridged model31/12/201916/06/202014/08/2020FrenchPDF
Abridged model31/12/201818/06/201928/06/2019FrenchPDF
Abridged model31/12/201719/06/201829/06/2018FrenchPDF
Abridged model31/12/201620/06/201719/07/2017FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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

André DEGRAEVE

Director · since 16 juin 2015

Active

Ended mandates

ANDRE DEGRAEVE

Administrator - manager

Ended
ANDRE DEGRAEVE

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates26/10/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Other16/06/2015
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 202523,2 k €↓
  2. 2024
    Annual accounts 202429,6 k €↓
  3. 2023
    Annual accounts 202362,3 k €↑
  4. 2022
    Annual accounts 202249,8 k €↓
  5. 2021
    Annual accounts 202193,1 k €↑
  6. 2020
    Annual accounts 202078,2 k €↑
  7. 2019
    Annual accounts 201937,7 k €↑
  8. 2018
    Annual accounts 201836,4 k €↑
  9. 2017
    Annual accounts 201731,5 k €↑
  10. 2016
    Annual accounts 201622 k €
  11. 12/06/2015
    IncorporationPrivate limited company