ACTIVE

ASDAEX

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Financial year 2025 · closed on 31/12/2025

Net result

126,8 k €

+16.8% YoY

Revenue

11,1 M €

Equity

1,3 M €

+0.2% YoY

Workforce

65,5 ETP

+22.7% YoY

What does ASDAEX do?

ASDAEX is a Public limited company incorporated in 2018. Its main activity is: Computer programming activities. Its registered office is in Braine-l'Alleud. It employs on average 65,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0690.891.309

Incorporation

23/02/2018

Legal form

Public limited company

Registered office

Avenue Victor Hugo 54B
1420 Braine-l'Alleud · WallonieSee on map

Contributed capital

225 000,00 €

Latest accounts

31/12/2025

Average workforce

65,5 ETP

Activities (NACE)

62010Computer programming activities· main 62020Computer consultancy activities 62100Computer programming, consultancy and related activities 62200Computer programming, consultancy and related activities 58290Other software publishing 58290Other software publishing+4

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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
Revenue	11,1 M €		–		–		–		–		–		–		–
EBITDA	578,7 k €	+12.8%	513,2 k €	-3.5%	531,8 k €	-9.0%	584,2 k €	-1.6%	594 k €	-6.2%	633,2 k €	+100%	315,9 k €	+420%	60,7 k €
Operating result	369,7 k €	+14.5%	322,7 k €	-14.6%	377,9 k €	-27.9%	524,3 k €	-2.9%	539,7 k €	-9.6%	596,8 k €	+102%	295 k €	+417%	57 k €
Net result	126,8 k €	+16.8%	108,5 k €	-40.8%	183,5 k €	-41.8%	315,4 k €	-10.6%	352,6 k €	-14.4%	411,8 k €	+114%	192,5 k €	+413%	37,5 k €
Balance sheet
Equity	1,3 M €	+0.2%	1,3 M €	-1.2%	1,3 M €	+9.4%	1,2 M €	+19.7%	971,4 k €	+30.8%	742,8 k €	+67.3%	444 k €	+83.1%	242,5 k €
Total assets	7,2 M €	+3.2%	7 M €	+18.9%	5,9 M €	+73.0%	3,4 M €	+14.9%	3 M €	+2.9%	2,9 M €	+78.0%	1,6 M €	+132%	696,7 k €
Cash	453,6 k €	+124%	202,2 k €	-4.1%	210,8 k €	+68.4%	125,2 k €	-42.6%	217,9 k €	-52.9%	463,1 k €	+414%	90,1 k €	+0.4%	89,7 k €
Debts	4,9 M €	+7.4%	4,6 M €	+24.1%	3,7 M €	+132%	1,6 M €	-2.3%	1,6 M €	-2.6%	1,7 M €	+78.7%	937,6 k €	+296%	237 k €
Other
Workforce	65,5 ETP	+22.7%	53,4 ETP	+5.1%	50,8 ETP	+2.8%	49,4 ETP	+29.0%	38,3 ETP	+48.4%	25,8 ETP	+128%	11,3 ETP	+769%	1,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 14 ended

Active mandates

Francis MARTIN

Managing director · since 22 février 2018 · until 05 mai 2029

Active

Jean-François DELCOUR

Director · since 22 février 2018 · until 05 mai 2029

Active

Johan PONCHAUT

Director · since 22 février 2018 · until 05 mai 2029

Active

Pierre KAYENBERGH

Chairman of the board of directors · since 22 février 2018 · until 05 mai 2029

Active

Ended mandates

Francis MARTIN

Managing director · since 25 mai 2023 · until 25 mai 2029

Ended

Jean-François DELCOUR

Director · since 25 mai 2023 · until 25 mai 2029

Ended

Johan PONCHAUT

Director · since 25 mai 2023 · until 25 mai 2029

Ended

Pierre KAYENGERGH

Chairman of the board of directors · since 25 mai 2023 · until 25 mai 2029

Ended

At this address

Other companies at this address

Company	CBE no.
Association des copropriétaires de "L'Avenue Victor Hugo 54B - Bloc II"● Active	0819.406.015

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full 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	18/06/2026	06/06/2025	20/06/2024	26/06/2023	28/06/2022	18/06/2021
General meeting	26/05/2026	26/05/2025	21/05/2024	15/05/2023	16/05/2022	28/04/2021
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
Full model	31/12/2025	26/05/2026	18/06/2026	French	PDF
Abridged model	31/12/2024	26/05/2025	06/06/2025	French	PDF
Abridged model	31/12/2023	21/05/2024	20/06/2024	French	PDF
Abridged model	31/12/2022	15/05/2023	26/06/2023	French	PDF
Abridged model	31/12/2021	16/05/2022	28/06/2022	French	PDF
Abridged model	31/12/2020	28/04/2021	18/06/2021	French	PDF
Abridged model	31/12/2019	28/05/2020	02/06/2020	French	PDF
Abridged model	31/12/2018	28/03/2019	13/05/2019	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 4 active · 14 ended

Active mandates

Francis MARTIN

Managing director · since 22 février 2018 · until 05 mai 2029

Active

Jean-François DELCOUR

Director · since 22 février 2018 · until 05 mai 2029

Active

Johan PONCHAUT

Director · since 22 février 2018 · until 05 mai 2029

Active

Pierre KAYENBERGH

Chairman of the board of directors · since 22 février 2018 · until 05 mai 2029

Active

Ended mandates

Francis MARTIN

Managing director · since 25 mai 2023 · until 25 mai 2029

Ended

Jean-François DELCOUR

Director · since 25 mai 2023 · until 25 mai 2029

Ended

Johan PONCHAUT

Director · since 25 mai 2023 · until 25 mai 2029

Ended

Pierre KAYENGERGH

Chairman of the board of directors · since 25 mai 2023 · until 25 mai 2029

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates30/05/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office19/02/2020
SIEGE SOCIAL
PDF
Capital / shares09/05/2018
CAPITAL, ACTIONS
PDF
Other27/02/2018
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

2025
Annual accounts 2025126,8 k €↑
2024
Annual accounts 2024108,5 k €↓
2023
Annual accounts 2023183,5 k €↓
2022
Annual accounts 2022315,4 k €↓
2021
Annual accounts 2021352,6 k €↓
2020
Annual accounts 2020411,8 k €↑
2019
Annual accounts 2019192,5 k €↑
2018
Annual accounts 201837,5 k €
23/02/2018
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

ASDAEX

Overview

What does ASDAEX 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