ACTIVE

ADV-WORKS

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Financial year 2025 · closed on 31/12/2025
Net result
151,6 k €
-37.3% YoY
Gross margin
332,6 k €
-27.8% YoY
Equity
424,9 k €
-17.2% YoY

What does ADV-WORKS do?

ADV-WORKS is a Private limited company incorporated in 2009. Its main activity is: Specialised construction activities. Its registered office is in Kapellen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0811.350.659
Incorporation
24/04/2009
Legal form
Private limited company
Registered office
Claessensdreef 32
2950 Kapellen · FlandreSee on map
Contributed capital
12 400,00 €
Latest accounts
31/12/2025
Activities (NACE)
43421Specialised construction activities· main43991Other specialised construction activities n.e.c.
Joint committees (2)
  • 124
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin332,6 k €460,8 k €268,7 k €291,9 k €337 k €125,7 k €61,7 k €85,3 k €15,8 k €62,8 k €57,3 k €28,2 k €94 k €41,2 k €34,4 k €-295 €
EBITDA271 k €403,2 k €253,7 k €289,7 k €335,7 k €122,1 k €60,7 k €84,3 k €13,3 k €61,6 k €56 k €27 k €92,8 k €38,9 k €32,9 k €-2,5 k €
Operating result231,6 k €332,6 k €240,4 k €277,7 k €319 k €104,9 k €43,4 k €64,3 k €-6,9 k €49,8 k €46,3 k €14,1 k €67,5 k €15 k €12,2 k €-38 k €
Net result151,6 k €241,8 k €167,7 k €196,6 k €234,4 k €78,2 k €28,7 k €41,4 k €-8,3 k €39,9 k €28,4 k €7,9 k €42,7 k €13,1 k €11,5 k €-38,7 k €
Balance sheet
Equity424,9 k €512,9 k €416,2 k €249,3 k €58,7 k €184,3 k €106,2 k €77,4 k €71,5 k €79,9 k €42,1 k €17,6 k €16,1 k €-18,3 k €-23,4 k €-26,3 k €
Total assets1 M €1,1 M €460,9 k €308,8 k €425,2 k €195,2 k €117,1 k €132,6 k €88 k €165,5 k €138,5 k €110,9 k €191,9 k €145,6 k €142,1 k €131,9 k €
Cash538,9 k €548,7 k €320,1 k €231,4 k €362,4 k €127,6 k €57,7 k €38,7 k €6,6 k €121,5 k €98,7 k €64,7 k €126,5 k €78,1 k €54,7 k €37 k €
Debts589,9 k €542,1 k €44,7 k €59,5 k €366,5 k €10,8 k €11 k €54,6 k €15,8 k €83,8 k €95,4 k €92,4 k €175,1 k €163,9 k €165,5 k €158,3 k €
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 · 3 active · 4 ended

Active mandates

Maricel Hutanu

Director · since 01 février 2022

Active
Stefan Van Aelst

Director · since 05 mai 2020

Active
Rudy Van Aelst

Director · since 01 avril 2009 · until 30 avril 2025

Active

Ended mandates

Rudy Van Aelst

Director · since 14 avril 2009

Ended
Rudy Van Aelst

Director · since 01 avril 2009

Ended
Rudy Van Aelst

Manager · since 01 avril 2009

Ended
Rudy VAN AELST

Manager

Ended
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 date11/06/202630/06/202510/06/202405/06/202331/03/202210/06/2021
General meeting05/06/202606/06/202507/06/202402/06/202318/03/202204/06/2021
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202505/06/202611/06/2026DutchPDF
Micro model31/12/202406/06/202530/06/2025DutchPDF
Micro model31/12/202307/06/202410/06/2024DutchPDF
Micro model31/12/202202/06/202305/06/2023DutchPDF
Micro model31/12/202118/03/202231/03/2022DutchPDF
Micro model31/12/202004/06/202110/06/2021DutchPDF
Micro model31/12/201905/06/202012/06/2020DutchPDF
Micro model31/12/201807/06/201914/06/2019DutchPDF
Micro model31/12/201701/06/201808/06/2018DutchPDF
Abridged model31/12/201602/06/201716/06/2017DutchPDF
Abridged model31/12/201503/06/201609/06/2016DutchPDF
Abridged model31/12/201405/06/201512/06/2015DutchPDF
Abridged model31/12/201306/06/201430/06/2014DutchPDF
Abridged model31/12/201207/06/201330/08/2013DutchPDF
Abridged model31/12/201101/06/201202/07/2012DutchPDF
Abridged model31/12/201003/06/201112/08/2011DutchPDF
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 · 3 active · 4 ended

Active mandates

Maricel Hutanu

Director · since 01 février 2022

Active
Stefan Van Aelst

Director · since 05 mai 2020

Active
Rudy Van Aelst

Director · since 01 avril 2009 · until 30 avril 2025

Active

Ended mandates

Rudy Van Aelst

Director · since 14 avril 2009

Ended
Rudy Van Aelst

Director · since 01 avril 2009

Ended
Rudy Van Aelst

Manager · since 01 avril 2009

Ended
Rudy VAN AELST

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office06/11/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates28/02/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office04/02/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates14/05/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other05/05/2009
    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

Timeline

  1. 2025
    Annual accounts 2025151,6 k €↓
  2. 2024
    Annual accounts 2024241,8 k €↑
  3. 2023
    Annual accounts 2023167,7 k €↓
  4. 2022
    Annual accounts 2022196,6 k €↓
  5. 2021
    Annual accounts 2021234,4 k €↑
  6. 2020
    Annual accounts 202078,2 k €↑
  7. 2019
    Annual accounts 201928,7 k €↓
  8. 2018
    Annual accounts 201841,4 k €↑
  9. 2017
    Annual accounts 2017-8,3 k €↓
  10. 2016
    Annual accounts 201639,9 k €↑
  11. 2015
    Annual accounts 201528,4 k €↑
  12. 2014
    Annual accounts 20147,9 k €↓
  13. 2013
    Annual accounts 201342,7 k €↑
  14. 2012
    Annual accounts 201213,1 k €↑
  15. 2011
    Annual accounts 201111,5 k €↑
  16. 2010
    Annual accounts 2010-38,7 k €
  17. 24/04/2009
    IncorporationPrivate limited company