ACTIVE

AD-BEL SERVICES

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Financial year 2025 · closed on 31/12/2025
Net result
-295,6 k €
+17.5% YoY
Gross margin
1,3 M €
+47.6% YoY
Equity
-1,3 M €
-30.6% YoY
Workforce
13,5 ETP
+8.0% YoY

What does AD-BEL SERVICES do?

AD-BEL SERVICES is a Private limited company incorporated in 2010. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Watermael-Boitsfort. It employs on average 13,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0832.240.402
Incorporation
27/12/2010
Legal form
Private limited company
Registered office
Chaussée de La Hulpe 166 box 2
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
421 000,00 €
Latest accounts
31/12/2025
Average workforce
13,5 ETP
Activities (NACE)
69201Accounting, bookkeeping and auditing activities; tax consultancy· main69202Accounting, bookkeeping and auditing activities; tax consultancy
Joint committees (1)
  • 336
Signals
Healthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120182017201620152014201320122011
Income statement
Gross margin1,3 M €851,9 k €809 k €425,8 k €313,7 k €––––––––
EBITDA-220,6 k €-341,9 k €-282,4 k €-152,3 k €-209,8 k €-333,5 k €-32,8 k €-71,8 k €-107 k €-50,1 k €-37,4 k €1,5 k €-6,3 k €
Operating result-217,5 k €-340,3 k €-276,4 k €-151,3 k €-234,3 k €-334,3 k €-32,8 k €-78,1 k €-120,9 k €-50,1 k €-37,4 k €1,5 k €-6,3 k €
Net result-295,6 k €-358,3 k €-269,2 k €-161 k €-212,9 k €-354,9 k €-41,5 k €-82,5 k €-121,4 k €-50,2 k €-39,5 k €1,5 k €-6,4 k €
Balance sheet
Equity-1,3 M €-965,7 k €-607,4 k €-338,2 k €-177,2 k €-673,9 k €-319 k €-277,6 k €-195,1 k €-73,6 k €-23,4 k €16,1 k €14,6 k €
Total assets855,2 k €760,7 k €1,3 M €1,3 M €450,2 k €1,1 M €733,4 k €34,4 k €47,8 k €54,6 k €106 k €146 k €37,2 k €
Cash–0 €242,7 k €779,4 k €171 k €53,8 k €143,5 k €3,6 k €8,1 k €19,1 k €9,1 k €48,8 k €25,7 k €
Debts2,1 M €1,7 M €1,9 M €1,6 M €627,4 k €1,7 M €1 M €312 k €242,9 k €55,1 k €129,4 k €129,9 k €22,6 k €
Other
Workforce13,5 ETP12,5 ETP12,3 ETP10,9 ETP8,2 ETP3,9 ETP–––––––
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 11 ended

Active mandates

AMM EXPERTS

Director · since 29 juillet 2025 · 1010.553.027

Represented by Mouhad Ait Moussa

Active
Sandrine Bennaim Bellahsen

Director · since 07 août 2024

Active
Guillaume Blauwart

Director · since 05 janvier 2018

Active

Ended mandates

MY ACCOUNTS

Chairman of the board of directors · since 21 décembre 2020 · 0642.482.072

Represented by Eric JACQUES

Ended
MY ACCOUNTS

Manager · since 26 novembre 2018 · 0642.482.072

Represented by Eric Jacques

Ended
MY ACCOUNTS

Manager · since 26 novembre 2018 · 0642.482.072

Represented by Eric JACQUES

Ended
Eric JACQUES

Manager · since 27 avril 2018 · until 26 avril 2019

Ended
At this address

Other companies at this address

CompanyCBE no.
AdaStone● Active
0761.830.278
Administratiekantoor Scheldt I● Active
1010.695.656
Administratiekantoor Scheldt II● Active
1010.695.854
ADVOCATENKANTOOR GARREZ JORREN● Active
0644.464.931
ADVOCATENKANTOOR ILHAM IRGIOU● Active
0800.056.691
Afer Pierre Holding Belgium● Active
0783.501.365
AGENCE ET PROMOTION IMMOBILIERES● Active
0415.973.612
AGNES MAQUA● Active
0464.713.043
ALTIMAR● Active
0430.069.987
AMERICAN MANAGEMENT ASSOCIATION EUROPE● Active
0894.813.815
ARTER● Active
0692.924.448
Association des copropriétaires à Watermael-Boitsfort Chaussée de La Hulpe 166● Active
0824.539.194
BARESQUE EUROPE● Active
0722.856.965
BARILLA BELGIUM● Active
0470.995.079
BCH BROKERS● Active
0847.209.084
Belgian Resilience Fund● Active
0778.407.578
BLUEMIND BUSINESS INFORMATION SERVICES● Active
0820.737.685
BRF Management● Active
0778.360.167
BROEKZELE VASTGOED● Active
0641.946.691
BROOKLYN'S● Active
0794.747.328
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelFull 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 date12/06/202629/07/202521/06/202409/06/202327/07/202216/06/2021
General meeting12/06/202630/05/202531/05/202426/05/202327/05/202228/05/2021
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202512/06/202612/06/2026FrenchPDF
Abridged model31/12/202430/05/202529/07/2025FrenchPDF
Abridged model31/12/202331/05/202421/06/2024FrenchPDF
Abridged model31/12/202226/05/202309/06/2023FrenchPDF
Abridged model31/12/202127/05/202227/07/2022FrenchPDF
Full model31/12/202028/05/202116/06/2021FrenchPDF
Full model31/12/201924/04/202018/05/2020FrenchPDF
Full model31/12/201826/04/201911/06/2019FrenchPDF
Full model31/12/201727/04/201829/06/2018FrenchPDF
Full model31/12/201626/06/201729/06/2017FrenchPDF
Full model31/12/201529/04/201628/06/2016FrenchPDF
Full model31/12/201427/04/201513/08/2015FrenchPDF
Full model31/12/201325/04/201426/05/2014FrenchPDF
Full model31/12/201226/04/201303/06/2013FrenchPDF
Full model31/12/201125/06/201231/07/2012FrenchPDF
Estimate

Indicative valuation

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 · 11 ended

Active mandates

AMM EXPERTS

Director · since 29 juillet 2025 · 1010.553.027

Represented by Mouhad Ait Moussa

Active
Sandrine Bennaim Bellahsen

Director · since 07 août 2024

Active
Guillaume Blauwart

Director · since 05 janvier 2018

Active

Ended mandates

MY ACCOUNTS

Chairman of the board of directors · since 21 décembre 2020 · 0642.482.072

Represented by Eric JACQUES

Ended
MY ACCOUNTS

Manager · since 26 novembre 2018 · 0642.482.072

Represented by Eric Jacques

Ended
MY ACCOUNTS

Manager · since 26 novembre 2018 · 0642.482.072

Represented by Eric JACQUES

Ended
Eric JACQUES

Manager · since 27 avril 2018 · until 26 avril 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/08/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/11/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/08/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/12/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Registered office07/11/2019
    SIEGE SOCIAL
    PDF
  • Mandates31/12/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/11/2018
    DEMISSIONS, NOMINATIONS
    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 2025-295,6 k €↑
  2. 2024
    Annual accounts 2024-358,3 k €↓
  3. 2023
    Annual accounts 2023-269,2 k €↓
  4. 2022
    Annual accounts 2022-161 k €↑
  5. 2021
    Annual accounts 2021-212,9 k €↑
  6. 2018
    Annual accounts 2018-354,9 k €↓
  7. 2017
    Annual accounts 2017-41,5 k €↑
  8. 2016
    Annual accounts 2016-82,5 k €↑
  9. 2015
    Annual accounts 2015-121,4 k €↓
  10. 2014
    Annual accounts 2014-50,2 k €↓
  11. 2013
    Annual accounts 2013-39,5 k €↓
  12. 2012
    Annual accounts 20121,5 k €↑
  13. 2011
    Annual accounts 2011-6,4 k €
  14. 27/12/2010
    IncorporationPrivate limited company