ACTIVE

A.D.H.

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Financial year 2025 · closed on 31/12/2025

Net result

453,1 k €

+57.9% YoY

Gross margin

652,7 k €

+45.0% YoY

Equity

3,3 M €

+6.6% YoY

Workforce

0,0 ETP

What does A.D.H. do?

A.D.H. is a Private limited company incorporated in 2004. Its main activity is: Activities of holding companies. Its registered office is in Menen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0863.285.548

Incorporation

09/02/2004

Legal form

Private limited company

Registered office

Ropswalle 24
8930 Menen · FlandreSee on map

Contributed capital

2 030 284,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	652,7 k €	+45.0%	450,2 k €	+72.7%	260,6 k €	+85.7%	140,4 k €	+247%	40,5 k €	-16.7%	48,6 k €	+119%	22,2 k €	-43.3%	39,1 k €	+21.3%	32,2 k €	-94.8%	622,8 k €	-3.3%	643,8 k €	+1457%	41,3 k €	-4.6%	43,4 k €	-88.4%	372,8 k €	+1297%	26,7 k €	+209%	8,6 k €	-36.2%	13,5 k €	+33.8%	10,1 k €	+60.5%	6,3 k €	-96.4%	174,7 k €
EBITDA	650,6 k €	+45.0%	448,8 k €	+73.4%	258,8 k €	+86.6%	138,7 k €	+261%	38,4 k €	-18.1%	46,9 k €	+131%	20,3 k €	-45.1%	37 k €	+21.3%	30,5 k €	-95.1%	620,9 k €	-3.3%	642,1 k €	+1554%	38,8 k €	-6.2%	41,4 k €	-88.9%	371,7 k €	+1428%	24,3 k €	+228%	7,4 k €	-40.2%	12,4 k €	+29.4%	9,6 k €	+66.1%	5,8 k €	-96.7%	174,5 k €
Operating result	633,1 k €	+46.6%	432 k €	+68.3%	256,7 k €	+88.4%	136,3 k €	+275%	36,3 k €	-16.7%	43,6 k €	+159%	16,9 k €	-50.7%	34,2 k €	+18.1%	28,9 k €	-95.3%	619,4 k €	-1.9%	631,6 k €	+2128%	28,3 k €	-8.3%	30,9 k €	-91.4%	361,2 k €	+2510%	13,8 k €	+93.3%	7,2 k €	-39.5%	11,8 k €	+31.2%	9 k €	+73.1%	5,2 k €	-97.0%	173,9 k €
Net result	453,1 k €	+57.9%	286,9 k €	+63.5%	175,5 k €	+110%	83,7 k €	+848%	8,8 k €	+15618%	-56,8 €	+99.6%	-15,2 k €	-307%	7,3 k €	+2754%	-276,5 €	-100%	386 k €	+5.4%	366,3 k €	+6630%	5,4 k €	-10.4%	6,1 k €	-97.4%	230,4 k €	+14395%	1,6 k €	-28.0%	2,2 k €	+45.8%	1,5 k €	+14.1%	1,3 k €	+784%	-194 €	-100%	106,3 k €
Balance sheet
Equity	3,3 M €	+6.6%	3,1 M €	-9.7%	3,4 M €	+5.5%	3,2 M €	-2.2%	3,3 M €	+0.3%	3,3 M €	-0.0%	3,3 M €	-0.5%	3,3 M €	-4.3%	3,4 M €	-0.0%	3,4 M €	+12.7%	3 M €	+13.7%	2,7 M €	+569%	400,4 k €	-2.7%	411,6 k €	+127%	181,3 k €	+0.9%	179,7 k €	+1.2%	177,5 k €	+0.9%	175,9 k €	+0.8%	174,6 k €	-0.1%	174,8 k €
Total assets	4,3 M €	+10.5%	3,9 M €	+4.2%	3,7 M €	-1.8%	3,8 M €	+0.2%	3,8 M €	-3.3%	3,9 M €	+3.7%	3,8 M €	+4.6%	3,6 M €	-5.8%	3,8 M €	+3.1%	3,7 M €	+2.0%	3,6 M €	+13.0%	3,2 M €	+359%	698,6 k €	-1.2%	707,3 k €	+74.8%	404,6 k €	-32.1%	596 k €	+14.4%	521 k €	-19.2%	645 k €	+73.4%	371,9 k €	+44.2%	258 k €
Cash	1,2 M €	+62.8%	736 k €	+29.3%	569,4 k €	-22.3%	732,7 k €	-8.9%	804,6 k €	-13.7%	932,9 k €	+17.9%	791,1 k €	+27.0%	623,1 k €	-26.6%	848,8 k €	-13.3%	979,6 k €	+85.6%	527,8 k €	-24.1%	695,2 k €	+55.3%	447,8 k €	+377%	94 k €	-48.2%	181,4 k €	-56.5%	416,8 k €	+21.7%	342,5 k €	+12.1%	305,5 k €	+328%	71,4 k €	+84.8%	38,6 k €
Debts	995,1 k €	+24.3%	800,8 k €	+148%	322,5 k €	-42.9%	564,4 k €	+14.8%	491,4 k €	-21.8%	628 k €	+28.3%	489,4 k €	+64.5%	297,5 k €	-18.6%	365,3 k €	+46.5%	249,3 k €	-55.7%	563,1 k €	+10.1%	511,7 k €	+82.5%	280,3 k €	-2.4%	287,2 k €	+28.6%	223,4 k €	-46.3%	416,3 k €	+21.2%	343,6 k €	-26.7%	469 k €	+138%	197,3 k €	+137%	83,1 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Anne Del'Haye

Director

Active

Ended mandates

Ann Del'Haye

Director

Ended

Anneke Del'Haye

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
B.D.H.● Active	0863.285.053
Del’haye Dakafdichtingen● Active	0420.543.795
DEL'HAYE VASTGOED● Active	0538.513.613

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	18/06/2026	02/06/2025	23/04/2024	30/06/2023	24/07/2022	26/07/2021
General meeting	18/06/2026	27/05/2025	22/04/2024	28/06/2023	19/05/2022	20/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/06/2026	18/06/2026	Dutch	PDF
Abridged model	31/12/2024	27/05/2025	02/06/2025	Dutch	PDF
Abridged model	31/12/2023	22/04/2024	23/04/2024	Dutch	PDF
Abridged model	31/12/2022	28/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	19/05/2022	24/07/2022	Dutch	PDF
Abridged model	31/12/2020	20/05/2021	26/07/2021	Dutch	PDF
Abridged model	31/12/2019	21/05/2020	30/07/2020	Dutch	PDF
Abridged model	31/12/2018	16/05/2019	01/07/2019	Dutch	PDF
Abridged model	31/12/2017	17/05/2018	19/07/2018	Dutch	PDF
Abridged model	31/12/2016	18/05/2017	23/07/2017	Dutch	PDF
Abridged model	31/12/2015	19/05/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2014	21/05/2015	13/07/2015	Dutch	PDF
Abridged model	31/12/2013	15/05/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	16/05/2013	22/07/2013	Dutch	PDF
Abridged model	31/12/2011	17/05/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	19/05/2011	27/05/2011	Dutch	PDF
Abridged model	31/12/2009	20/05/2010	08/06/2010	Dutch	PDF
Abridged model	31/12/2008	21/05/2009	29/05/2009	Dutch	PDF
Abridged model	31/12/2007	15/05/2008	19/05/2008	Dutch	PDF
Abridged model	31/12/2006	17/05/2007	06/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 1 active · 2 ended

Active mandates

Anne Del'Haye

Director

Active

Ended mandates

Ann Del'Haye

Director

Ended

Anneke Del'Haye

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/06/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
PDF
Capital / shares02/02/2015
KAPITAAL - AANDELEN
PDF
Capital / shares28/01/2015
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares13/01/2014
KAPITAAL - AANDELEN
PDF
Other16/02/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025453,1 k €↑
2024
Annual accounts 2024286,9 k €↑
2023
Annual accounts 2023175,5 k €↑
2022
Annual accounts 202283,7 k €↑
2021
Annual accounts 20218,8 k €↑
2020
Annual accounts 2020-56,8 €↑
2019
Annual accounts 2019-15,2 k €↓
2018
Annual accounts 20187,3 k €↑
2017
Annual accounts 2017-276,5 €↓
2016
Annual accounts 2016386 k €↑
2015
Annual accounts 2015366,3 k €↑
2014
Annual accounts 20145,4 k €↓
2013
Annual accounts 20136,1 k €↓
2012
Annual accounts 2012230,4 k €↑
2011
Annual accounts 20111,6 k €↓
2010
Annual accounts 20102,2 k €↑
2009
Annual accounts 20091,5 k €↑
2008
Annual accounts 20081,3 k €↑
2007
Annual accounts 2007-194 €↓
2006
Annual accounts 2006106,3 k €
09/02/2004
IncorporationPrivate 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

A.D.H.

Overview

What does A.D.H. do?

Trend over 20 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