ACTIVE

Ad Solutions Group

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Financial year 2025 · closed on 31/12/2025

Net result

24,8 k €

-75.9% YoY

Gross margin

488,1 k €

-13.3% YoY

Equity

481,1 k €

+5.4% YoY

Workforce

10,2 ETP

-8.1% YoY

What does Ad Solutions Group do?

Ad Solutions Group is a Public limited company incorporated in 2017. Its main activity is: Combined facilities support activities. Its registered office is in Bruxelles. It employs on average 10,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0678.542.219

Incorporation

13/07/2017

Legal form

Public limited company

Registered office

Rue Picard 7 box 100
1000 Bruxelles · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

10,2 ETP

Activities (NACE)

81100Combined facilities support activities· main 81100Combined facilities support activities 81210General cleaning of buildings 81210General cleaning of buildings 43990Other specialised construction activities n.e.c.43995Other specialised construction activities n.e.c.

Joint committees (3)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2025		2024		2023		2022		2021		2020		2019		2018
Income statement
Gross margin	488,1 k €	-13.3%	563,2 k €	+10.1%	511,5 k €	+53.8%	332,7 k €	+41.2%	235,6 k €	-27.1%	323,2 k €	+79.8%	179,8 k €	-68.4%	569 k €
EBITDA	44,8 k €	-71.9%	159,3 k €	+22.9%	129,6 k €	+671%	16,8 k €	-34.4%	25,6 k €	-79.8%	127 k €	+165%	-196,7 k €	-138%	512,2 k €
Operating result	32,2 k €	-77.4%	142,4 k €	+20.8%	117,8 k €	+926%	11,5 k €	-40.1%	19,2 k €	-58.4%	46,1 k €	+122%	-205,3 k €	-140%	509,5 k €
Net result	24,8 k €	-75.9%	103 k €	+26.1%	81,6 k €	+621%	11,3 k €	-45.6%	20,8 k €	-58.6%	50,2 k €	+125%	-201 k €	-161%	328,4 k €
Balance sheet
Equity	481,1 k €	+5.4%	456,3 k €	+29.1%	353,4 k €	+30.0%	271,7 k €	+4.3%	260,4 k €	+8.7%	239,6 k €	+26.5%	189,4 k €	-51.5%	390,4 k €
Total assets	819 k €	-8.0%	890,6 k €	+39.3%	639,5 k €	+35.7%	471,3 k €	-57.5%	1,1 M €	+55.9%	712 k €	-31.9%	1 M €	+6.6%	980,9 k €
Cash	35,3 k €	+202%	11,7 k €	+6.1%	11 k €	+656%	1,5 k €	-5.4%	1,5 k €	-16.1%	1,8 k €	-95.2%	38,3 k €	-87.5%	306,8 k €
Debts	337,9 k €	-22.2%	434,3 k €	+51.8%	286,1 k €	+43.4%	199,6 k €	-76.5%	849,7 k €	+79.9%	472,4 k €	-44.8%	856,1 k €	+45.0%	590,5 k €
Other
Workforce	10,2 ETP	-8.1%	11,1 ETP	-13.3%	12,8 ETP	+10.3%	11,6 ETP	+27.5%	9,1 ETP	-3.2%	9,4 ETP	-24.2%	12,4 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Morad El Fihmi

Director

Active

Ended mandates

Hassan EL FIHMI

Managing director · since 12 juillet 2017 · until 12 juillet 2023

Ended

Lahbib EL FIHMI

Director · since 12 juillet 2017 · until 31 décembre 2019

Ended

Lahbib EL FIHMI

Director · since 12 juillet 2017 · until 12 juillet 2023

Ended

Morad EL FIHMI

Managing director · since 12 juillet 2017 · until 12 juillet 2023

Ended

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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	28/07/2026	30/07/2025	09/08/2024	28/06/2023	25/08/2022	21/12/2021
General meeting	31/05/2026	31/05/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021
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

8 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/05/2026	28/07/2026	Dutch	PDF
Abridged model	31/12/2024	31/05/2025	30/07/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	09/08/2024	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	28/06/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	25/08/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	21/12/2021	Dutch	PDF
Abridged model	31/12/2019	20/11/2020	26/11/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	10/10/2019	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 5 ended

Active mandates

Morad El Fihmi

Director

Active

Ended mandates

Hassan EL FIHMI

Managing director · since 12 juillet 2017 · until 12 juillet 2023

Ended

Lahbib EL FIHMI

Director · since 12 juillet 2017 · until 31 décembre 2019

Ended

Lahbib EL FIHMI

Director · since 12 juillet 2017 · until 12 juillet 2023

Ended

Morad EL FIHMI

Managing director · since 12 juillet 2017 · until 12 juillet 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office10/04/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/10/2023
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2021
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/10/2020
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Other17/07/2017
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202524,8 k €↓
2024
Annual accounts 2024103 k €↑
2023
Annual accounts 202381,6 k €↑
2022
Annual accounts 202211,3 k €↓
2021
Annual accounts 202120,8 k €↓
2020
Annual accounts 202050,2 k €↑
2019
Annual accounts 2019-201 k €↓
2018
Annual accounts 2018328,4 k €
13/07/2017
IncorporationPublic 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

Ad Solutions Group

Overview

What does Ad Solutions Group do?

Trend over 8 financial years

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