ACTIVE

ADJ IMMO

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Financial year 2025 · closed on 31/12/2025

Net result

-4,8 k €

-101.0% YoY

Gross margin

14,4 k €

-97.7% YoY

Equity

541,3 k €

-0.9% YoY

What does ADJ IMMO do?

ADJ IMMO is a Private limited company incorporated in 2009. Its registered office is in Fauvillers.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0818.248.547

Incorporation

03/09/2009

Legal form

Private limited company

Registered office

Martelwée,Warnach 9
6637 Fauvillers · WallonieSee on map

Contributed capital

122 418,61 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	14,4 k €	-97.7%	638,9 k €	+1821%	33,3 k €	+64.0%	20,3 k €	-49.4%	40,1 k €	-2.5%	41,1 k €	-0.1%	41,1 k €	-10.2%	45,8 k €	+7.8%	42,5 k €	+8.6%	39,1 k €	-24.4%	51,8 k €	+69.3%	30,6 k €	+248%	-20,7 k €	-181%	25,7 k €	+3.7%	24,8 k €	+191%	-27,4 k €
EBITDA	11,2 k €	-98.2%	630,2 k €	+2442%	24,8 k €	+76.1%	14,1 k €	-59.0%	34,4 k €	-2.0%	35,1 k €	-1.3%	35,5 k €	-11.1%	40 k €	+8.7%	36,8 k €	+9.8%	33,5 k €	-18.3%	41 k €	+41.0%	29,1 k €	+140%	-73,2 k €	-270%	-19,8 k €	+24.9%	-26,3 k €	+59.7%	-65,4 k €
Operating result	-9,2 k €	-101%	616,8 k €	+2388%	24,8 k €	+76.1%	14,1 k €	-58.3%	33,8 k €	-0.7%	34 k €	-0.7%	34,3 k €	-11.5%	38,7 k €	+9.0%	35,5 k €	+13.8%	31,2 k €	-18.9%	38,4 k €	+441%	-11,3 k €	+87.8%	-92,3 k €	-132%	-39,8 k €	+33.7%	-60 k €	+38.9%	-98,2 k €
Net result	-4,8 k €	-101%	463,2 k €	+1770%	24,8 k €	+76.3%	14 k €	-58.3%	33,7 k €	-0.6%	33,9 k €	-0.6%	34,1 k €	-11.0%	38,4 k €	+8.6%	35,3 k €	+12.5%	31,4 k €	-17.8%	38,2 k €	+355%	-15 k €	+86.0%	-107,1 k €	-86.2%	-57,6 k €	+28.2%	-80,2 k €	+30.2%	-114,8 k €
Balance sheet
Equity	541,3 k €	-0.9%	546,1 k €	+559%	82,9 k €	+42.6%	58,2 k €	+31.8%	44,1 k €	+324%	10,4 k €	+144%	-23,5 k €	+59.2%	-57,7 k €	+39.9%	-96 k €	+26.9%	-131,4 k €	+19.3%	-162,7 k €	+19.0%	-200,9 k €	-8.0%	-186 k €	-136%	-78,8 k €	-270%	-21,3 k €	-136%	58,9 k €
Total assets	694,8 k €	-1.3%	703,6 k €	+298%	176,9 k €	+16.3%	152,2 k €	+85.1%	82,2 k €	+20.0%	68,5 k €	+68.9%	40,5 k €	-46.9%	76,4 k €	+22.4%	62,4 k €	+87.4%	33,3 k €	-30.5%	47,9 k €	+15.3%	41,6 k €	-51.3%	85,3 k €	-81.6%	464,8 k €	-7.5%	502,3 k €	+2.9%	487,9 k €
Cash	204,1 €	-82.9%	1,2 k €	-97.8%	53,4 k €	+7.6%	49,6 k €	-28.7%	69,6 k €		–		–		–		–		1 k €	+107%	482,8 €	-57.4%	1,1 k €	-64.6%	3,2 k €	+27.5%	2,5 k €		–		3,5 k €
Debts	4,4 k €	+10.5%	4 k €	-95.8%	94 k €	0.0%	94 k €	+147%	38,1 k €	-34.4%	58,1 k €	-9.4%	64,1 k €	-52.2%	134,1 k €	-15.4%	158,4 k €	-3.8%	164,7 k €	-21.8%	210,6 k €	-13.1%	242,5 k €	-10.6%	271,3 k €	-50.0%	542,2 k €	+3.6%	523,6 k €	+22.1%	429 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		1,1 ETP	-45.0%	2,0 ETP	+100%	1,0 ETP	0.0%	1,0 ETP

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 · 1 active · 2 ended

Active mandates

ANNICK DE JAEGER

Mandate

Active

Ended mandates

CARLOS DE JAEGER

Mandate

Ended

RAIMONDE MERGEAI

Mandate

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	04/09/2026	14/08/2025	08/08/2024	04/08/2023	25/08/2022	12/08/2021
General meeting	30/06/2026	30/06/2025	01/07/2024	30/06/2023	30/06/2022	30/06/2021
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	30/06/2026	04/09/2026	French	PDF
Micro model	31/12/2024	30/06/2025	14/08/2025	French	PDF
Micro model	31/12/2023	01/07/2024	08/08/2024	French	PDF
Micro model	31/12/2022	30/06/2023	04/08/2023	French	PDF
Micro model	31/12/2021	30/06/2022	25/08/2022	French	PDF
Micro model	31/12/2020	30/06/2021	12/08/2021	French	PDF
Micro model	31/12/2019	30/06/2020	21/08/2020	French	PDF
Micro model	31/12/2018	30/06/2019	02/08/2019	French	PDF
Micro model	31/12/2017	30/06/2018	24/07/2018	French	PDF
Micro model	31/12/2016	30/06/2017	22/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	08/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	03/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	24/07/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	01/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	26/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	26/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	27/09/2010	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 · 1 active · 2 ended

Active mandates

ANNICK DE JAEGER

Mandate

Active

Ended mandates

CARLOS DE JAEGER

Mandate

Ended

RAIMONDE MERGEAI

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/10/2024
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates23/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Registered office05/03/2014
SIEGE SOCIAL
PDF
Mandates23/05/2013
DEMISSIONS, NOMINATIONS
PDF
Registered office14/02/2012
SIEGE SOCIAL
PDF
Other14/09/2009
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 2025-4,8 k €↓
2024
Annual accounts 2024463,2 k €↑
2023
Annual accounts 202324,8 k €↑
2023
Name changeADJ IMMO
2022
Annual accounts 202214 k €↓
2021
Annual accounts 202133,7 k €↓
2021
Name changeCENTRE COMMERCIAL DE MALMAISON
2020
Annual accounts 202033,9 k €↓
2019
Annual accounts 201934,1 k €↓
2018
Annual accounts 201838,4 k €↑
2017
Annual accounts 201735,3 k €↑
2016
Annual accounts 201631,4 k €↓
2015
Annual accounts 201538,2 k €↑
2014
Annual accounts 2014-15 k €↑
2013
Annual accounts 2013-107,1 k €↓
2012
Annual accounts 2012-57,6 k €↑
2011
Annual accounts 2011-80,2 k €↑
2010
Annual accounts 2010-114,8 k €
03/09/2009
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

ADJ IMMO

Overview

What does ADJ IMMO do?

Trend over 16 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline