ACTIVE

ADJUST

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Financial year 2025 · closed on 31/12/2025
Net result
212,1 k €
+31.4% YoY
Gross margin
500,8 k €
+28.6% YoY
Equity
740,1 k €
+4.5% YoY
Workforce
2,7 ETP
+42.1% YoY

What does ADJUST do?

ADJUST is a Private limited company incorporated in 2012. Its main activity is: Computer programming activities. Its registered office is in Ixelles. It employs on average 2,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0846.758.629
Incorporation
21/06/2012
Legal form
Private limited company
Registered office
Avenue Arnaud Fraiteur 15 box 23
1050 Ixelles · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
2,7 ETP
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities73110Advertising agencies73110Advertising agencies62020Computer consultancy activities62200Computer programming, consultancy and related activities+4
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin500,8 k €389,4 k €372,7 k €327,0 k €261,6 k €185,9 k €118,1 k €172,5 k €139,1 k €122,3 k €136,0 k €112,8 k €130,3 k €
EBITDA301,5 k €254,2 k €238,1 k €289,9 k €259,5 k €180,8 k €116,7 k €132,8 k €92,5 k €88,2 k €131,2 k €110,9 k €128,3 k €
Operating result288,2 k €212,1 k €202,2 k €268,1 k €243,8 k €169,9 k €105,0 k €122,3 k €82,3 k €81,2 k €122,4 k €102,8 k €116,1 k €
Net result212,1 k €161,5 k €150,0 k €198,3 k €178,8 k €124,8 k €76,8 k €87,0 k €50,0 k €51,1 k €64,9 k €67,5 k €73,7 k €
Balance sheet
Equity740,1 k €707,9 k €706,5 k €676,4 k €563,1 k €614,3 k €489,5 k €412,7 k €325,8 k €275,7 k €224,7 k €159,8 k €92,3 k €
Total assets1,8 M €1,2 M €1,3 M €1,1 M €951,6 k €864,2 k €781,5 k €849,9 k €713,4 k €584,0 k €469,2 k €464,7 k €356,2 k €
Cash655,6 k €491,2 k €597,4 k €622,1 k €624,4 k €530,7 k €450,7 k €354,2 k €273,9 k €261,9 k €272,5 k €199,9 k €174,5 k €
Debts1,1 M €420,9 k €509,7 k €428,6 k €388,0 k €216,0 k €290,6 k €362,9 k €364,3 k €272,5 k €211,5 k €274,6 k €172,9 k €
Other
Workforce2,7 ETP1,9 ETP2,0 ETP0,7 ETP–––0,9 ETP1,3 ETP1,0 ETP0,3 ETP––
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 · 5 ended

Active mandates

Gabriel Taminiaux

Director

Active
Jean-Christophe Gabriel

Director

Active
Stéphane JORIS

Director · until 23 juin 2025

Active

Ended mandates

Gabriel Taminiaux

Manager

Ended
Jean-Christophe Gabriel

Manager

Ended
Stéphane Joiris

Director · until 23 juin 2025

Ended
Stéphane Joiris

Director

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date19/06/202601/07/202528/08/202420/06/202329/08/202223/08/2021
General meeting17/06/202626/06/202527/05/202429/05/202330/05/202231/05/2021
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202517/06/202619/06/2026FrenchPDF
Abridged model31/12/202426/06/202501/07/2025FrenchPDF
Abridged model31/12/202327/05/202428/08/2024FrenchPDF
Abridged model31/12/202229/05/202320/06/2023FrenchPDF
Abridged model31/12/202130/05/202229/08/2022FrenchPDF
Abridged model31/12/202031/05/202123/08/2021FrenchPDF
Abridged model31/12/201925/05/202007/08/2020FrenchPDF
Abridged model31/12/201827/05/201903/07/2019FrenchPDF
Abridged model31/12/201728/05/201827/09/2018FrenchPDF
Abridged model31/12/201629/05/201727/09/2017FrenchPDF
Abridged model31/12/201530/05/201629/08/2016FrenchPDF
Abridged model31/12/201425/05/201531/08/2015FrenchPDF
Abridged model31/12/201326/05/201411/08/2014FrenchPDF
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 · 5 ended

Active mandates

Gabriel Taminiaux

Director

Active
Jean-Christophe Gabriel

Director

Active
Stéphane JORIS

Director · until 23 juin 2025

Active

Ended mandates

Gabriel Taminiaux

Manager

Ended
Jean-Christophe Gabriel

Manager

Ended
Stéphane Joiris

Director · until 23 juin 2025

Ended
Stéphane Joiris

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/08/2026
    Nominations/démissions
    PDF
  • Mandates21/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/04/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office24/08/2022
    SIEGE SOCIAL
    PDF
  • Other25/06/2012
    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

Timeline

  1. 2025
    Annual accounts 2025212,1 k €↑
  2. 2024
    Annual accounts 2024161,5 k €↑
  3. 2023
    Annual accounts 2023150,0 k €↓
  4. 2022
    Annual accounts 2022198,3 k €↑
  5. 2021
    Annual accounts 2021178,8 k €↑
  6. 2020
    Annual accounts 2020124,8 k €↑
  7. 2019
    Annual accounts 201976,8 k €↓
  8. 2018
    Annual accounts 201887,0 k €↑
  9. 2017
    Annual accounts 201750,0 k €↓
  10. 2016
    Annual accounts 201651,1 k €↓
  11. 2015
    Annual accounts 201564,9 k €↓
  12. 2014
    Annual accounts 201467,5 k €↓
  13. 2013
    Annual accounts 201373,7 k €
  14. 21/06/2012
    IncorporationPrivate limited company