ACTIVE

ADVACHEM

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Financial year 2025 · closed on 31/12/2025

Net result

-191,1 k €

-113.5% YoY

Revenue

39,1 M €

+8.9% YoY

Equity

12,5 M €

-49.5% YoY

Workforce

37,3 ETP

-1.8% YoY

What does ADVACHEM do?

ADVACHEM is a Public limited company incorporated in 2003. Its registered office is in Saint-Ghislain. It employs on average 37,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.289.814

Incorporation

19/12/2003

Legal form

Public limited company

Registered office

Route no 624 Wallonie(H) 24
7334 Saint-Ghislain · Wallonie

Contributed capital

1 500 000,00 €

Latest accounts

31/12/2025

Average workforce

37,3 ETP

Joint committees (4)

116
1160
207
2070

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2008
Income statement
Revenue	39,1 M €	+8.9%	35,9 M €	-16.2%	42,8 M €	-65.2%	123,2 M €	+49.1%	82,6 M €	+88.4%	43,8 M €	-24.9%	58,4 M €	-13.8%	67,7 M €	+22.2%	55,4 M €	+29.0%	42,9 M €	-12.2%	48,9 M €	-17.0%	58,9 M €
EBITDA	1,2 M €	-47.3%	2,3 M €	-40.7%	3,9 M €	-74.0%	15,1 M €	+140%	6,3 M €	+166%	2,4 M €	-27.5%	3,3 M €	-30.8%	4,7 M €	+16.2%	4,1 M €	+73.1%	2,3 M €	+13.9%	2,1 M €	-27.8%	2,8 M €
Operating result	-358,9 k €	-128%	1,3 M €	-54.4%	2,8 M €	-79.3%	13,6 M €	+162%	5,2 M €	+461%	924 k €	-49.5%	1,8 M €	-40.3%	3,1 M €	-0.4%	3,1 M €	+112%	1,5 M €	+16.8%	1,2 M €	-28.7%	1,7 M €
Net result	-191,1 k €	-114%	1,4 M €	-37.7%	2,3 M €	-76.9%	9,8 M €	+163%	3,7 M €	+1084%	316 k €	-69.0%	1 M €	-15.5%	1,2 M €	+7.7%	1,1 M €	+317%	268,2 k €	+1.1%	265,2 k €	-33.3%	397,7 k €
Balance sheet
Equity	12,5 M €	-49.5%	24,8 M €	+5.8%	23,4 M €	+6.3%	22 M €	+80.3%	12,2 M €	+42.2%	8,6 M €	+3.5%	8,3 M €	+13.5%	7,3 M €	+19.0%	6,1 M €	+17.4%	5,2 M €	+4.8%	5 M €	+29.7%	3,8 M €
Total assets	18,8 M €	-40.9%	31,8 M €	+12.9%	28,2 M €	-10.4%	31,4 M €	+2.8%	30,6 M €	+41.7%	21,6 M €	+5.2%	20,5 M €	-12.7%	23,5 M €	+46.1%	16,1 M €	+13.9%	14,1 M €	+5.0%	13,5 M €	-21.2%	17,1 M €
Cash	2 M €	-73.6%	7,4 M €	+33.1%	5,6 M €	-47.8%	10,7 M €	+457%	1,9 M €	+90.9%	1 M €	-42.8%	1,8 M €	-30.3%	2,5 M €	-16.9%	3 M €	+104%	1,5 M €	-25.7%	2 M €	-31.8%	2,9 M €
Debts	5,9 M €	-15.1%	6,9 M €	+57.9%	4,4 M €	-50.2%	8,8 M €	-50.8%	17,8 M €	+45.1%	12,3 M €	+9.4%	11,2 M €	-26.1%	15,2 M €	+78.2%	8,5 M €	+5.1%	8,1 M €	+0.8%	8 M €	-36.0%	12,6 M €
Other
Workforce	37,3 ETP	-1.8%	38,0 ETP	-13.6%	44,0 ETP	+3.0%	42,7 ETP	+7.6%	39,7 ETP	-5.5%	42,0 ETP	+7.1%	39,2 ETP	-5.1%	41,3 ETP	+5.4%	39,2 ETP	+8.3%	36,2 ETP	-0.5%	36,4 ETP	-5.0%	38,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 15 ended

Active mandates

SARGON MANAGEMENT

Director · since 01 novembre 2023 · 0801.274.834

Represented by BENJAMIN MARDEEN

Active

Dario GOZZI

Director · since 31 mars 2023

Active

Massimo MORENI

Director · since 31 mars 2023

Active

SAVIOLA Stefano

Director · since 31 mars 2023

Active

Ended mandates

SARGON MANAGEMENT

Managing director · since 01 novembre 2023 · 0801.274.834

Represented by Benjamin MARDEEN

Ended

Stefano SAVIOLA

Chairman of the board of directors · since 31 mars 2023

Ended

Fabienne LAURENT

Director · since 30 juin 2022 · until 31 mars 2023

Ended

Hubert BENJAMIN

Director · since 30 juin 2022 · until 31 mars 2023

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full 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	30/07/2026	16/07/2025	03/01/2025	17/12/2024	31/08/2022	29/07/2021
General meeting	30/06/2026	26/06/2025	03/12/2024	03/12/2024	30/06/2022	30/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	30/07/2026	French	PDF
Full model	31/12/2024	26/06/2025	16/07/2025	French	PDF
Full model	31/12/2023	03/12/2024	03/01/2025	French	PDF
Full model	31/12/2022	03/12/2024	17/12/2024	French	PDF
Full model	31/12/2021	30/06/2022	31/08/2022	French	PDF
Full model	31/12/2020	30/06/2021	29/07/2021	French	PDF
Full model	31/12/2019	15/07/2020	14/08/2020	French	PDF
Full model	31/12/2018	30/05/2019	30/08/2019	French	PDF
Full model	31/12/2017	25/05/2018	09/08/2018	French	PDF
Full model	31/12/2016	28/07/2017	29/08/2017	French	PDF
Full model	31/12/2015	24/08/2016	12/09/2016	French	PDF
Full model	31/12/2014	29/05/2015	02/09/2015	French	PDF
Full model	31/12/2013	30/05/2014	20/08/2014	French	PDF
Full model	31/12/2012	30/05/2013	23/08/2013	French	PDF
Full model	31/12/2011	31/05/2012	03/07/2012	French	PDF
Full model	31/12/2010	26/05/2011	30/06/2011	French	PDF
Full model	31/12/2009	27/05/2010	24/06/2010	French	PDF
Full model	31/12/2008	28/05/2009	01/07/2009	French	PDF
Full model	31/12/2007	29/05/2008	16/06/2008	French	PDF
Full model	31/12/2006	31/05/2007	28/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 4 active · 15 ended

Active mandates

SARGON MANAGEMENT

Director · since 01 novembre 2023 · 0801.274.834

Represented by BENJAMIN MARDEEN

Active

Dario GOZZI

Director · since 31 mars 2023

Active

Massimo MORENI

Director · since 31 mars 2023

Active

SAVIOLA Stefano

Director · since 31 mars 2023

Active

Ended mandates

SARGON MANAGEMENT

Managing director · since 01 novembre 2023 · 0801.274.834

Represented by Benjamin MARDEEN

Ended

Stefano SAVIOLA

Chairman of the board of directors · since 31 mars 2023

Ended

Fabienne LAURENT

Director · since 30 juin 2022 · until 31 mars 2023

Ended

Hubert BENJAMIN

Director · since 30 juin 2022 · until 31 mars 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates15/03/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates15/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates02/02/2023
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates29/11/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates20/03/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates26/01/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates08/11/2013
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

2025
Annual accounts 2025-191,1 k €↓
2024
Annual accounts 20241,4 M €↓
2023
Annual accounts 20232,3 M €↓
2022
Annual accounts 20229,8 M €↑
2021
Annual accounts 20213,7 M €↑
2020
Annual accounts 2020316 k €↓
2019
Annual accounts 20191 M €↓
2018
Annual accounts 20181,2 M €↑
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 2016268,2 k €↑
2015
Annual accounts 2015265,2 k €↓
2008
Annual accounts 2008397,7 k €
19/12/2003
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

ADVACHEM

Overview

What does ADVACHEM do?

Trend over 12 financial years

Indicative valuation

Board of directors

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