ACTIVE

AD HANDLING

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Financial year 2025 · closed on 31/12/2025

Net result

18,4 k €

-73.9% YoY

Gross margin

669,1 k €

-23.0% YoY

Equity

224,3 k €

+8.9% YoY

Workforce

10,0 ETP

+7.5% YoY

What does AD HANDLING do?

AD HANDLING is a Public limited company incorporated in 2003. Its registered office is in Machelen (Brab.). It employs on average 10,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.564.094

Incorporation

07/11/2003

Legal form

Public limited company

Registered office

Bedrijvenzone Machelen-Cargo 718
1830 Machelen (Brab.) · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

10,0 ETP

Joint committees (2)

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 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2012		2006
Income statement
Gross margin	669,1 k €	-23.0%	869 k €	+0.4%	865,4 k €	+23.2%	702,5 k €	+21.3%	579 k €	-8.9%	635,5 k €	-3.4%	657,9 k €	+102%	326,1 k €	+52.2%	214,3 k €
EBITDA	24,9 k €	-73.7%	94,5 k €	-2.8%	97,2 k €	+2931%	3,2 k €	-84.4%	20,6 k €	+138%	-53,6 k €	-205%	50,8 k €	+67.1%	30,4 k €	-53.3%	65,1 k €
Operating result	22,7 k €	-75.9%	94,5 k €	+403%	18,8 k €	+485%	3,2 k €	-84.4%	20,6 k €	+138%	-54,8 k €	-210%	49,6 k €	+2771%	1,7 k €	-91.6%	20,6 k €
Net result	18,4 k €	-73.9%	70,5 k €	+538%	11,1 k €	+91.4%	5,8 k €	-68.6%	18,4 k €	+133%	-55,8 k €	-568%	11,9 k €	+602%	-2,4 k €	-111%	21,6 k €
Balance sheet
Equity	224,3 k €	+8.9%	205,9 k €	+52.1%	135,4 k €	+8.9%	124,3 k €	+4.9%	118,6 k €	+18.4%	100,2 k €	-35.8%	156 k €	+18.4%	131,7 k €	+500%	-32,9 k €
Total assets	577,7 k €	+9.9%	525,8 k €	+9.6%	479,8 k €	+6.5%	450,6 k €	-9.2%	496,3 k €	+45.9%	340,2 k €	-29.8%	484,6 k €	+23.2%	393,4 k €	+74.7%	225,3 k €
Cash	450 k €	+1.0%	445,5 k €	+61.7%	275,4 k €	+9137%	3 k €	-68.9%	9,6 k €	-57.2%	22,4 k €	-92.0%	279,9 k €	+663%	36,7 k €	+382%	7,6 k €
Debts	350,8 k €	+10.6%	317,3 k €	-7.2%	341,8 k €	+5.6%	323,7 k €	-13.7%	375,1 k €	+58.6%	236,6 k €	-27.5%	326,5 k €	+24.7%	261,8 k €	+1.6%	257,6 k €
Other
Workforce	10,0 ETP	+7.5%	9,3 ETP	+8.1%	8,6 ETP	+4.9%	8,2 ETP	+3.8%	7,9 ETP	-1.2%	8,0 ETP	-11.1%	9,0 ETP	+52.5%	5,9 ETP	+63.9%	3,6 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 · 5 active · 47 ended

Active mandates

Ian Fryer

Vice-chairman of the board of directors · since 10 juin 2025 · until 10 juin 2031

Active

Henrik Nielsen

Chairman of the board of directors · since 11 juin 2024 · until 11 juin 2030

Active

Soren Jorgensen

Director · since 11 juin 2024 · until 11 juin 2030

Active

Natalie Segers

Managing director · since 01 avril 2021 · until 08 juin 2027

Active

Frank Sobotka

Vice-chairman of the board of directors · since 02 septembre 2019 · until 10 juin 2025

Active

Ended mandates

Michael Ebbe

Director · since 06 mai 2022 · until 11 juin 2024

Ended

Michael Ebbe

Director · since 06 mai 2022 · until 17 avril 2028

Ended

Natalie Segers

Managing director · since 01 avril 2021 · until 15 avril 2027

Ended

Carsten Trolle

Chairman of the board of directors · since 02 septembre 2019 · until 11 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
Panalpina World Transport● Active	0406.024.479

Annual accounts

Full financial information

	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	23/06/2026	24/06/2025	10/07/2024	05/07/2023	25/04/2023	14/06/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	08/06/2023	06/05/2022	18/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	09/06/2026	23/06/2026	Dutch	PDF
Abridged model	31/12/2024	10/06/2025	24/06/2025	Dutch	PDF
Abridged model	31/12/2023	11/06/2024	10/07/2024	Dutch	PDF
Abridged model	31/12/2022	08/06/2023	05/07/2023	Dutch	PDF
Abridged modelCorrection	31/12/2021	06/05/2022	25/04/2023	Dutch	PDF
Abridged model	31/12/2021	06/05/2022	12/07/2022	Dutch	PDF
Abridged model	31/12/2020	18/05/2021	14/06/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	12/07/2019	Dutch	PDF
Abridged model	31/12/2017	16/04/2018	02/05/2018	Dutch	PDF
Abridged model	31/12/2016	15/04/2017	19/06/2017	Dutch	PDF
Full model	31/12/2015	15/04/2016	24/05/2016	Dutch	PDF
Full model	31/12/2014	15/04/2015	11/06/2015	Dutch	PDF
Full model	31/12/2013	15/04/2014	25/08/2014	Dutch	PDF
Abridged model	31/12/2012	15/04/2013	14/05/2013	Dutch	PDF
Abridged model	31/12/2011	15/04/2012	15/05/2012	Dutch	PDF
Abridged model	31/12/2010	15/04/2011	10/05/2011	Dutch	PDF
Abridged model	31/12/2009	15/04/2010	10/05/2010	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	13/07/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	11/07/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	05/07/2007	Dutch	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 · 5 active · 47 ended

Active mandates

Ian Fryer

Vice-chairman of the board of directors · since 10 juin 2025 · until 10 juin 2031

Active

Henrik Nielsen

Chairman of the board of directors · since 11 juin 2024 · until 11 juin 2030

Active

Soren Jorgensen

Director · since 11 juin 2024 · until 11 juin 2030

Active

Natalie Segers

Managing director · since 01 avril 2021 · until 08 juin 2027

Active

Frank Sobotka

Vice-chairman of the board of directors · since 02 septembre 2019 · until 10 juin 2025

Active

Ended mandates

Michael Ebbe

Director · since 06 mai 2022 · until 11 juin 2024

Ended

Michael Ebbe

Director · since 06 mai 2022 · until 17 avril 2028

Ended

Natalie Segers

Managing director · since 01 avril 2021 · until 15 avril 2027

Ended

Carsten Trolle

Chairman of the board of directors · since 02 septembre 2019 · until 11 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2024
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates27/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates14/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/12/2022
ONTSLAGEN - BENOEMINGEN
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 202518,4 k €↓
2024
Annual accounts 202470,5 k €↑
2023
Annual accounts 202311,1 k €↑
2022
Annual accounts 20225,8 k €↓
2021
Annual accounts 202118,4 k €↑
2020
Annual accounts 2020-55,8 k €↓
2019
Annual accounts 201911,9 k €↑
2012
Annual accounts 2012-2,4 k €↓
2006
Annual accounts 200621,6 k €
07/11/2003
IncorporationPublic 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

AD HANDLING

Overview

What does AD HANDLING do?

Trend over 9 financial years

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