ACTIVE

AD-CO

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Financial year 2025 · Closed on 31/12/2025

Net result114,4 k €+3,5 %over 1 year

Gross margin1,2 M €+12,6 %over 1 year

Equity1,1 M €+11,2 %over 1 year

Workforce8,6 ETP+14,7 %over 1 year

Identity

Source · BCE/KBO

AD-CO is a Private limited company incorporated in 2012. Its main activity is: Other business support service activities n.e.c.. Its registered office is in Alken. It employs on average 8,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0847.179.489
Incorporation: 29/06/2012
Legal form: Private limited company
Registered office: Industrieterrein Kolmen 1085
3570 Alken · FlandreSee on map
Contributed capital: 210 000,00 €
Latest accounts: 31/12/2025
Average workforce: 8,6 ETP

Activities (NACE)

82990Other business support service activities n.e.c.· main 82990Other business support service activities n.e.c.85592Other education n.e.c.85592Other education n.e.c.

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 13 filings

Trend over 13 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,2 M €	+12.6%	1,1 M €	+27.5%	867,1 k €	+16.3%	745,8 k €	-29.8%	1,1 M €
EBITDA	508,8 k €	+10.2%	461,8 k €	+1.6%	454,7 k €	-16.5%	544,6 k €	-38.7%	888,1 k €
Operating result	219,8 k €	+3.2%	213,1 k €	+9.5%	194,6 k €	+3.5%	188,1 k €	-55.1%	418,7 k €
Net result	114,4 k €	+3.5%	110,5 k €	+3.3%	107 k €	-6.5%	114,5 k €	-60.0%	286,3 k €
Balance sheet
Equity	1,1 M €	+11.2%	1 M €	+12.2%	907,7 k €	+13.4%	800,6 k €	+16.7%	686,2 k €
Total assets	2,7 M €	+6.6%	2,5 M €	+7.4%	2,4 M €	+5.5%	2,2 M €	-1.6%	2,3 M €
Cash	100,8 k €	+12.7%	89,4 k €	+34.3%	66,5 k €	+43.8%	46,3 k €	+68.1%	27,5 k €
Debts	1,6 M €	+3.4%	1,5 M €	+4.4%	1,4 M €	+0.9%	1,4 M €	-9.2%	1,6 M €
Other
Workforce	8,6 ETP	+14.7%	7,5 ETP	+44.2%	5,2 ETP	+67.7%	3,1 ETP	+19.2%	2,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Eddy Withofs	Directorsince 09/04/2020Manager2018 accountsended

Other companies at this address

Industrieterrein Kolmen 1085 3570 Alken

Company	CBE no.
CENTRUM VOOR LOONBEHEER● Active	0447.567.304
CLB Academy● Active	0700.784.319
CLB-CONSULT● Active	0870.673.681
CLB EDPB● Active	0830.566.458
CLB Immo● Active	0725.621.465
CLB M&C● Active	0803.425.462
CLB-VERZEKERINGEN● Active	0478.972.538
ENVIRO ENGINEERING● Active	0448.443.371
LOONBEHEER● Active	0457.679.652
Qbase● Active	1039.052.023
RESTO IN VIRIDI● Active	0747.852.281

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	16/06/2026	23/06/2025	12/06/2024	08/06/2023	07/06/2022	08/06/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	16/06/2026	Dutch	PDF
Abridged model	31/12/2024	03/06/2025	23/06/2025	Dutch	PDF
Abridged model	31/12/2023	04/06/2024	12/06/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	08/06/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	07/06/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	08/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	16/06/2020	Dutch	PDF
Micro model	31/12/2018	04/06/2019	05/06/2019	Dutch	PDF
Micro model	31/12/2017	05/06/2018	16/07/2018	Dutch	PDF
Micro model	31/12/2016	06/06/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	23/06/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	10/06/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	27/06/2014	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Eddy Withofs	Directorsince 09/04/2020Manager2018 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/04/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other16/07/2012
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

Eddy Withofs

201220132014201520162017201820192020202120222023202420252026

AD-COAD-CO

Industrieterrein Kolmen 1085, 3570 Alken

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Industrieterrein Kolmen 1085, 3570 AlkenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00170492

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
AD-COCurrent	accounts 2025	Accounts 2025 · 2026-00170492
AD-COa	accounts 2024	Accounts 2024 · 2025-00165593
AD-CO	accounts 2013 → 2023	Accounts 2023 · 2024-00125554

Events

2025
Annual accounts 2025114,4 k €↑
2025
Name changeAD-CO
2024
Annual accounts 2024110,5 k €↑
2024
Name changeAD-COa
2023
Annual accounts 2023107 k €↓
2022
Annual accounts 2022114,5 k €↓
2021
Annual accounts 2021286,3 k €↑
2020
Annual accounts 202073,5 k €↑
2019
Annual accounts 201924,3 k €↑
2018
Annual accounts 2018-12,4 k €↑
2017
Annual accounts 2017-17,7 k €↑
2016
Annual accounts 2016-38,6 k €↓
2015
Annual accounts 201586,9 k €↑
2014
Annual accounts 201447 k €↑
2013
Annual accounts 201326,8 k €
29/06/2012
IncorporationPrivate limited company

AD-CO

Overview

Identity

Financials

Valuation

Indicative valuation

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