ACTIVE

A & D Coating

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Financial year 2025 · Closed on 31/12/2025

Net result579,2 k €+64,2 %over 1 year

Gross margin1,2 M €+32,1 %over 1 year

Equity1,9 M €-11,5 %over 1 year

Workforce4,6 ETP-13,2 %over 1 year

Identity

Source · BCE/KBO

A & D Coating is a Private limited company incorporated in 2016. Its main activity is: Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Its registered office is in Antwerpen. It employs on average 4,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0652.993.409
Incorporation: 02/05/2016
Legal form: Private limited company
Registered office: Bordink 36
2170 Antwerpen · FlandreSee on map
Contributed capital: 18 600,00 €
Latest accounts: 31/12/2025
Average workforce: 4,6 ETP

Activities (NACE)

25510Forging, pressing, stamping and roll-forming of metal; powder metallurgy· main 81230Cleaning activities 81290Other cleaning activities 30110Building of ships and floating structures 30110Building of ships and floating structures 81220Other building and industrial cleaning activities+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 9 filings

Trend over 9 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,2 M €	+32.1%	875,9 k €	+14.9%	762 k €	-54.3%	1,7 M €	+206%	545,3 k €
EBITDA	799 k €	+45.6%	548,9 k €	+16.4%	471,8 k €	-64.7%	1,3 M €	+239%	393,8 k €
Operating result	760,4 k €	+52.4%	499 k €	+19.8%	416,4 k €	-66.4%	1,2 M €	+247%	356,8 k €
Net result	579,2 k €	+64.2%	352,7 k €	+23.0%	286,8 k €	-68.2%	901,2 k €	+230%	272,9 k €
Balance sheet
Equity	1,9 M €	-11.5%	2,1 M €	+3.5%	2,1 M €	+14.9%	1,8 M €	+76.9%	1 M €
Total assets	3,6 M €	-0.7%	3,6 M €	-0.3%	3,6 M €	-0.7%	3,7 M €	+133%	1,6 M €
Cash	186,2 k €	-0.7%	187,5 k €	-81.4%	1 M €	+22.6%	820 k €	-15.3%	968 k €
Debts	1,7 M €	+14.6%	1,5 M €	-5.2%	1,6 M €	-15.8%	1,9 M €	+235%	558,2 k €
Other
Workforce	4,6 ETP	-13.2%	5,3 ETP	+1.9%	5,2 ETP	+30.0%	4,0 ETP	+25.0%	3,2 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 31/12/2025

1 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Duman Marine Groep0801.845.352Represented by Halis Ilan	Directorsince 09/10/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Halis Ilan	Mandate2022 accountsDirector2024 accountsManager2019 accounts
Kaya Nese	Manager2019 accounts

Other companies at this address

Bordink 36 2170 Antwerpen

Company	CBE no.
Duman Marine Groep● Active	0801.845.352

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	01/01/2025	01/01/2024	01/01/2023	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	18 months	12 months	12 months
Filing date	25/09/2026	20/06/2025	30/06/2024	29/09/2023	10/01/2022	06/01/2021
General meeting	17/06/2026	18/06/2025	19/06/2024	21/06/2023	05/12/2021	05/12/2020
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, 9 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	17/06/2026	25/09/2026	Dutch	PDF
Abridged model	31/12/2024	18/06/2025	20/06/2025	Dutch	PDF
Abridged model	31/12/2023	19/06/2024	30/06/2024	Dutch	PDF
Abridged model	31/12/2022	21/06/2023	29/09/2023	Dutch	PDF
Abridged model	30/06/2021	05/12/2021	10/01/2022	Dutch	PDF
Abridged model	30/06/2020	05/12/2020	06/01/2021	Dutch	PDF
Abridged model	30/06/2019	05/12/2019	19/12/2019	Dutch	PDF
Micro model	30/06/2018	05/12/2018	17/01/2019	Dutch	PDF
Micro model	30/06/2017	05/12/2017	05/01/2018	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 31/12/2025

1 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Duman Marine Groep0801.845.352Represented by Halis Ilan	Directorsince 09/10/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Halis Ilan	Mandate2022 accountsDirector2024 accountsManager2019 accounts
Kaya Nese	Manager2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/10/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other21/11/2023
DIVERSEN
PDF
Restructuring12/01/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates07/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office16/03/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/09/2017
Benoeming zaakvoerder - volmacht
PDF
Other04/05/2016
Uittreksel afgeleverd vóór registratie om neer te leggen ter griffie van de Rechtbank van Koophandel
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings9 filings

Mandates

Duman Marine Groep

Halis Ilan

Nese Kaya

20162017201820192020202120222023202420252026

A & D CoatingA & D

Bordink 36, 2170 Merksem (Antwerp)Wijngaardberg 23 bte 1, 2170 Merksem (Antwerp)

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Bordink 36, 2170 Merksem (Antwerp)Current	accounts 2025	Accounts 2025 · 2026-00523715
Wijngaardberg 23 bte 1, 2170 Merksem (Antwerp)	accounts 2022 → 2024	Accounts 2024 · 2025-00157906

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
A & D CoatingCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00523715
A & D Holding	accounts 2022	Accounts 2022 · 2023-00460119
A & D	accounts 2017 → 2021	Accounts 2021 · 2022-00700539

Events

2025
Annual accounts 2025579,2 k €↑
2024
Annual accounts 2024352,7 k €↑
2023
Annual accounts 2023286,8 k €↓
2023
Name changeA & D Coating
2022
Annual accounts 2022901,2 k €↑
2022
Name changeA & D Holding
2021
Annual accounts 2021272,9 k €↓
2020
Annual accounts 2020389,1 k €↑
2019
Annual accounts 2019280,4 k €↑
2018
Annual accounts 2018273,8 k €↑
2017
Annual accounts 201734,4 k €
02/05/2016
IncorporationPrivate limited company

A & D Coating

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

Registered offices

Company names

Events