ACTIVE

AD-BEL SERVICES

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Financial year 2025 · Closed on 31/12/2025

Net result-295,6 k €+17,5 %over 1 year

Gross margin1,3 M €+47,6 %over 1 year

Equity-1,3 M €-30,6 %over 1 year

Workforce13,5 ETP+8,0 %over 1 year

Identity

Source · BCE/KBO

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· main 69202Accounting, bookkeeping and auditing activities; tax consultancy

Joint committees (1)

Signals

Healthy social debts

Financials

Source · NBB, 15 filings

Trend over 13 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,3 M €	+47.6%	851,9 k €	+5.3%	809 k €	+90.0%	425,8 k €	+35.8%	313,7 k €
EBITDA	-220,6 k €	+35.5%	-341,9 k €	-21.1%	-282,4 k €	-85.4%	-152,3 k €	+27.4%	-209,8 k €
Operating result	-217,5 k €	+36.1%	-340,3 k €	-23.1%	-276,4 k €	-82.6%	-151,3 k €	+35.4%	-234,3 k €
Net result	-295,6 k €	+17.5%	-358,3 k €	-33.1%	-269,2 k €	-67.2%	-161 k €	+24.4%	-212,9 k €
Balance sheet
Equity	-1,3 M €	-30.6%	-965,7 k €	-59.0%	-607,4 k €	-79.6%	-338,2 k €	-90.8%	-177,2 k €
Total assets	855,2 k €	+12.4%	760,7 k €	-41.2%	1,3 M €	-2.3%	1,3 M €	+194%	450,2 k €
Cash	–		0 €	-100%	242,7 k €	-68.9%	779,4 k €	+356%	171 k €
Debts	2,1 M €	+22.6%	1,7 M €	-9.3%	1,9 M €	+21.3%	1,6 M €	+150%	627,4 k €
Other
Workforce	13,5 ETP	+8.0%	12,5 ETP	+1.6%	12,3 ETP	+12.8%	10,9 ETP	+32.9%	8,2 ETP

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AMM EXPERTS1010.553.027Represented by Mouhad Ait Moussa	Directorsince 29/07/2025
Sandrine Bennaim Bellahsen	Directorsince 07/08/2024
Guillaume Blauwart	Directorsince 05/01/2018Manager05/01/2018 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MY ACCOUNTS0642.482.072Represented by Eric JACQUES	Chairman of the board of directors21/12/2020 → 2023 accountsManager26/11/2018 → 2020 accounts
Eric JACQUES	Manager27/04/2018 → 2018 accounts

Other companies at this address

Chaussée de La Hulpe 166 1170 Watermael-Boitsfort

Company	CBE 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

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Full 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	12/06/2026	29/07/2025	21/06/2024	09/06/2023	27/07/2022	16/06/2021
General meeting	12/06/2026	30/05/2025	31/05/2024	26/05/2023	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 15 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	12/06/2026	French	PDF
Abridged model	31/12/2024	30/05/2025	29/07/2025	French	PDF
Abridged model	31/12/2023	31/05/2024	21/06/2024	French	PDF
Abridged model	31/12/2022	26/05/2023	09/06/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	27/07/2022	French	PDF
Full model	31/12/2020	28/05/2021	16/06/2021	French	PDF
Full model	31/12/2019	24/04/2020	18/05/2020	French	PDF
Full model	31/12/2018	26/04/2019	11/06/2019	French	PDF
Full model	31/12/2017	27/04/2018	29/06/2018	French	PDF
Full model	31/12/2016	26/06/2017	29/06/2017	French	PDF
Full model	31/12/2015	29/04/2016	28/06/2016	French	PDF
Full model	31/12/2014	27/04/2015	13/08/2015	French	PDF
Full model	31/12/2013	25/04/2014	26/05/2014	French	PDF
Full model	31/12/2012	26/04/2013	03/06/2013	French	PDF
Full model	31/12/2011	25/06/2012	31/07/2012	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AMM EXPERTS1010.553.027Represented by Mouhad Ait Moussa	Directorsince 29/07/2025
Sandrine Bennaim Bellahsen	Directorsince 07/08/2024
Guillaume Blauwart	Directorsince 05/01/2018Manager05/01/2018 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MY ACCOUNTS0642.482.072Represented by Eric JACQUES	Chairman of the board of directors21/12/2020 → 2023 accountsManager26/11/2018 → 2020 accounts
Eric JACQUES	Manager27/04/2018 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

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

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

AMM EXPERTS

Sandrine Bennaim Bellahsen

Guillaume Blauwart

MY ACCOUNTS

Eric JACQUES

Eric Alain Marc Jacques

Robrechts Lenaerts Bedrijfsrevisoren - Réviseurs d'entreprises

Eric Paul Marc Jacques

20102011201220132014201520162017201820192020202120222023202420252026

AD-BEL SERVICES

Chaussée de La Hulpe 166 bte 2, 1170 Watermael-Boitsfort

Director

DirectorManager

Chairman of the board of directorsManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Chaussée de La Hulpe 166 bte 2, 1170 Watermael-BoitsfortCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00187793

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
AD-BEL SERVICESCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00187793

Events

2025
Annual accounts 2025-295,6 k €↑
2024
Annual accounts 2024-358,3 k €↓
2023
Annual accounts 2023-269,2 k €↓
2022
Annual accounts 2022-161 k €↑
2021
Annual accounts 2021-212,9 k €↑
2018
Annual accounts 2018-354,9 k €↓
2017
Annual accounts 2017-41,5 k €↑
2016
Annual accounts 2016-82,5 k €↑
2015
Annual accounts 2015-121,4 k €↓
2014
Annual accounts 2014-50,2 k €↓
2013
Annual accounts 2013-39,5 k €↓
2012
Annual accounts 20121,5 k €↑
2011
Annual accounts 2011-6,4 k €
27/12/2010
IncorporationPrivate limited company

AD-BEL SERVICES

Overview

Identity

Financials

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

Timeline

Registered offices

Company names

Events