ACTIVE

APADES

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Financial year 2025 · closed on 31/12/2025

Net result

42,6 k €

-47.7% YoY

Gross margin

75,9 k €

-42.7% YoY

Equity

204,3 k €

-12.8% YoY

What does APADES do?

APADES is a Private limited company incorporated in 2008. Its main activity is: Specialist medical practice activities. Its registered office is in Namur.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0808.216.371

Incorporation

05/12/2008

Legal form

Private limited company

Registered office

Rue de Bèze en Bourgogne(BZ) 65
5000 Namur · WallonieSee on map

Contributed capital

1 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

86220Specialist medical practice activities· main 86220Specialist medical practice activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	75,9 k €	-42.7%	132,6 k €	+4.5%	127 k €	+168%	47,3 k €	+558%	7,2 k €	-81.3%	38,5 k €	-8.3%	42 k €	+4.4%	40,2 k €	-34.0%	60,9 k €	-38.8%	99,6 k €	+29.4%	76,9 k €	-8.6%	84,1 k €	+22.5%	68,7 k €	+2.0%	67,3 k €	-6.2%	71,8 k €	+83.5%	39,1 k €	-50.4%	78,8 k €
EBITDA	75,3 k €	-43.0%	132 k €	+4.5%	126,3 k €	+174%	46,1 k €	+592%	6,7 k €	-82.4%	37,9 k €	-7.9%	41,1 k €	+5.5%	39 k €	-34.6%	59,6 k €	-29.0%	84 k €	+13.0%	74,3 k €	-10.5%	83,1 k €	+22.8%	67,6 k €	+3.4%	65,4 k €	-6.6%	70 k €	+80.7%	38,8 k €	-50.6%	78,5 k €
Operating result	62,6 k €	-48.1%	120,4 k €	+3.2%	116,7 k €	+167%	43,7 k €	+787%	4,9 k €	-86.4%	36,1 k €	-8.2%	39,4 k €	+1240%	2,9 k €	-87.1%	22,8 k €	-51.0%	46,5 k €	+129%	20,3 k €	-45.8%	37,4 k €	+55.2%	24,1 k €	+9.0%	22,1 k €	-37.2%	35,2 k €	+221%	11 k €	-78.6%	51,4 k €
Net result	42,6 k €	-47.7%	81,5 k €	+2.8%	79,3 k €	+223%	24,6 k €	+2614%	905,5 €	-95.5%	20,1 k €	-20.6%	25,3 k €	+2154%	-1,2 k €	-111%	11,3 k €	-69.4%	37 k €	+550%	5,7 k €	-83.4%	34,4 k €	+267%	9,4 k €	+60.4%	5,9 k €	-59.3%	14,4 k €	+831%	-2 k €	-107%	27,3 k €
Balance sheet
Equity	204,3 k €	-12.8%	234,4 k €	+33.9%	175,1 k €	+81.1%	96,6 k €	-30.3%	138,6 k €	+0.1%	138,5 k €	+17.0%	118,3 k €	+26.1%	93,8 k €	-2.8%	96,5 k €	+13.3%	85,1 k €	+11.0%	76,7 k €	+5.6%	72,6 k €	+9.7%	66,2 k €	+16.5%	56,8 k €	+9.0%	52,1 k €	+38.1%	37,7 k €	-5.0%	39,7 k €
Total assets	303 k €	+0.7%	300,8 k €	+24.9%	240,9 k €	+3.7%	232,3 k €	+0.3%	231,5 k €	+27.2%	182,1 k €	+26.3%	144,2 k €	+11.3%	129,6 k €	-20.2%	162,3 k €	-22.9%	210,6 k €	-16.0%	250,7 k €	-7.5%	271 k €	+7.0%	253,3 k €	-16.2%	302,2 k €	+6.1%	284,9 k €	-1.0%	287,8 k €	-6.7%	308,5 k €
Cash	110,3 k €	+15.0%	95,9 k €	+219%	30,1 k €	-31.6%	44 k €	-16.5%	52,7 k €	-22.2%	67,7 k €	+309%	16,6 k €	-42.4%	28,8 k €	+15.6%	24,9 k €	+17.1%	21,2 k €	-21.8%	27,2 k €	+15.0%	23,6 k €	+15.9%	20,4 k €	+1267%	1,5 k €	+702%	185,9 €	-99.1%	20,6 k €	+74.5%	11,8 k €
Debts	98,7 k €	+48.5%	66,4 k €	+0.9%	65,8 k €	-51.5%	135,6 k €	+45.9%	92,9 k €	+124%	41,5 k €	+60.7%	25,8 k €	-27.8%	35,7 k €	-45.6%	65,7 k €	-47.6%	125,4 k €	-27.9%	174 k €	-12.3%	198,4 k €	+6.0%	187,1 k €	-23.7%	245,1 k €	+5.3%	232,7 k €	-6.9%	250 k €	-7.0%	268,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Françoise DESPONTIN

Director · since 20 juillet 2022

Active

David PATUZZO

Director · since 05 décembre 2008

Active

Ended mandates

Françoise DESPONTIN

Director · since 28 mai 2021 · until 28 mai 2027

Ended

Françoise DESPONTIN

Director · since 29 mai 2015 · until 29 mai 2021

Ended

Françoise DESPONTIN

Manager · since 29 mai 2015 · until 28 mai 2021

Ended

Françoise DESPONTIN

Manager · since 29 mai 2015 · until 29 mai 2021

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	30/06/2026	03/06/2025	02/08/2024	22/08/2023	23/06/2022	26/08/2021
General meeting	24/06/2026	27/05/2025	30/06/2024	30/06/2023	27/05/2022	28/05/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	24/06/2026	30/06/2026	French	PDF
Micro model	31/12/2024	27/05/2025	03/06/2025	French	PDF
Micro model	31/12/2023	30/06/2024	02/08/2024	French	PDF
Micro model	31/12/2022	30/06/2023	22/08/2023	French	PDF
Micro model	31/12/2021	27/05/2022	23/06/2022	French	PDF
Micro model	31/12/2020	28/05/2021	26/08/2021	French	PDF
Micro model	31/12/2019	29/05/2020	10/08/2020	French	PDF
Micro model	31/12/2018	31/05/2019	26/08/2019	French	PDF
Micro model	31/12/2017	25/05/2018	19/06/2018	French	PDF
Micro model	31/12/2016	26/05/2017	26/06/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	18/07/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	16/07/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	17/08/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	14/08/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	27/07/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	21/08/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 9 ended

Active mandates

Françoise DESPONTIN

Director · since 20 juillet 2022

Active

David PATUZZO

Director · since 05 décembre 2008

Active

Ended mandates

Françoise DESPONTIN

Director · since 28 mai 2021 · until 28 mai 2027

Ended

Françoise DESPONTIN

Director · since 29 mai 2015 · until 29 mai 2021

Ended

Françoise DESPONTIN

Manager · since 29 mai 2015 · until 28 mai 2021

Ended

Françoise DESPONTIN

Manager · since 29 mai 2015 · until 29 mai 2021

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202542,6 k €↓
2024
Annual accounts 202481,5 k €↑
2023
Annual accounts 202379,3 k €↑
2022
Annual accounts 202224,6 k €↑
2021
Annual accounts 2021905,5 €↓
2020
Annual accounts 202020,1 k €↓
2019
Annual accounts 201925,3 k €↑
2018
Annual accounts 2018-1,2 k €↓
2017
Annual accounts 201711,3 k €↓
2016
Annual accounts 201637 k €↑
2015
Annual accounts 20155,7 k €↓
2014
Annual accounts 201434,4 k €↑
2013
Annual accounts 20139,4 k €↑
2012
Annual accounts 20125,9 k €↓
2011
Annual accounts 201114,4 k €↑
2010
Annual accounts 2010-2 k €↓
2009
Annual accounts 200927,3 k €
05/12/2008
IncorporationPrivate 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

APADES

Overview

What does APADES do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline