ACTIVE

Advestate

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Financial year 2025 · closed on 31/12/2025

Net result

489,7 k €

+247.9% YoY

Gross margin

84,2 k €

-73.0% YoY

Equity

8 M €

+6.5% YoY

What does Advestate do?

Advestate is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Chaumont-Gistoux.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.404.702

Incorporation

21/05/2004

Legal form

Private limited company

Registered office

Che. du Fonds des Goffes, Bonlez 17
1325 Chaumont-Gistoux · WallonieSee on map

Contributed capital

102 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy+2

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	84,2 k €	-73.0%	311,3 k €	+486%	53,1 k €	-77.3%	233,9 k €	+129%	102,2 k €	+71.2%	59,7 k €	+49.0%	40,1 k €	-6.9%	43 k €	+2987%	1,4 k €	-91.8%	16,9 k €	-92.7%	230,7 k €	+18.6%	194,5 k €	-31.5%	284,2 k €	+124%	127,1 k €	-57.0%	295,9 k €	+119%	135,3 k €	-57.5%	318,2 k €	+61.7%	196,8 k €	-49.2%	387,8 k €
EBITDA	68,4 k €	-74.7%	270,7 k €	+609%	38,2 k €	+105%	-829,9 k €	-1041%	88,2 k €	+93.5%	45,6 k €	+378%	9,5 k €	+297%	2,4 k €	+111%	-21,9 k €	-331%	9,5 k €	-96.3%	259 k €	+37.2%	188,8 k €	-28.9%	265,4 k €	+119%	121 k €	-25.4%	162,2 k €	+21.5%	133,5 k €	-55.1%	297,4 k €	+52.4%	195,2 k €	-49.4%	385,8 k €
Operating result	-255,7 k €	-269%	151 k €	+275%	-86,4 k €	+91.0%	-958,8 k €	-2369%	-38,8 k €	+51.1%	-79,5 k €	+55.8%	-180 k €	+5.1%	-189,5 k €	+44.5%	-341,3 k €	-31.7%	-259,1 k €	-391%	89,1 k €	-31.6%	130,3 k €	-30.3%	186,8 k €	+323%	-83,8 k €	-196%	87 k €	+639%	-16,1 k €	-109%	184,6 k €	+398%	37,1 k €	-84.8%	244,2 k €
Net result	489,7 k €	+248%	-331,1 k €	-130%	1,1 M €	+553%	-247,7 k €	-136%	690,1 k €	+15.8%	595,9 k €	-62.2%	1,6 M €	+542%	-357,3 k €	-114%	2,6 M €	+91.7%	1,4 M €	+3455%	38,4 k €	-23.3%	50 k €	-61.3%	129,4 k €	+195%	-135,9 k €	-451%	38,8 k €	+172%	-54 k €	-159%	91,1 k €	+2291%	-4,2 k €	-103%	152 k €
Balance sheet
Equity	8 M €	+6.5%	7,6 M €	-4.2%	7,9 M €	+16.6%	6,8 M €	-3.5%	7 M €	+10.9%	6,3 M €	+10.4%	5,7 M €	+38.1%	4,1 M €	-7.9%	4,5 M €	+111%	2,1 M €	+177%	769,7 k €	+133%	330,4 k €	+17.8%	280,4 k €	+85.7%	151 k €	-47.4%	286,9 k €	+15.6%	248,1 k €	-17.9%	302,1 k €	+43.2%	211 k €	-1.9%	215,2 k €
Total assets	12 M €	+25.3%	9,6 M €	-6.5%	10,2 M €	+17.4%	8,7 M €	-3.3%	9 M €	+3.3%	8,7 M €	+6.6%	8,2 M €	+26.9%	6,5 M €	-6.2%	6,9 M €	+48.1%	4,6 M €	+77.9%	2,6 M €	+24.7%	2,1 M €	-14.8%	2,5 M €	-0.4%	2,5 M €	+28.4%	1,9 M €	+1.1%	1,9 M €	+52.2%	1,3 M €	-5.4%	1,3 M €	+34.7%	981,9 k €
Cash	155,4 k €	-28.7%	218,1 k €	-66.5%	651,8 k €	+60.7%	405,6 k €	-26.2%	549,4 k €	-19.4%	681,3 k €	+242%	199 k €	-17.7%	241,8 k €	-63.4%	661,1 k €	+3124%	20,5 k €	+79.3%	11,4 k €	+680810%	1,7 €	-100.0%	17 k €	+6751%	248,8 €	-98.6%	17,7 k €	-64.6%	50,1 k €	+770%	5,8 k €	+21852%	26,3 €	-100.0%	70 k €
Debts	4 M €	+95.6%	2 M €	-14.2%	2,4 M €	+20.6%	2 M €	-2.1%	2 M €	-17.2%	2,4 M €	-1.7%	2,5 M €	+6.3%	2,3 M €	-2.8%	2,4 M €	-5.0%	2,5 M €	+36.7%	1,8 M €	+13.5%	1,6 M €	-20.5%	2 M €	-6.9%	2,2 M €	+46.3%	1,5 M €	-9.2%	1,6 M €	+76.1%	929,3 k €	-16.2%	1,1 M €	+44.9%	765,8 k €
Other
Workforce	–		–		–		–		–		–		0,1 ETP	-90.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

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

Active mandates

Isabelle ESTIVANT

Director · since 17 juin 2012

Active

LOUIS DE HALLEUX

Director · since 05 mai 2004

Active

Ended mandates

Isabelle ESTIVANT

Manager · since 17 juin 2012

Ended

LOUIS DE HALLEUX

Manager · since 05 mai 2004

Ended

At this address

Other companies at this address

Company	CBE no.
HALLICTOR● Active	0748.519.207
HOLIMACO● Active	0476.322.656
Louis de Halleux● Active	0690.602.782
Resectio● Active	0792.297.879

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	07/07/2026	31/07/2025	19/07/2024	05/07/2023	25/08/2022	25/08/2021
General meeting	30/06/2026	30/06/2025	26/06/2024	20/05/2023	21/05/2022	15/05/2021
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	30/06/2026	07/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	26/06/2024	19/07/2024	French	PDF
Abridged model	31/12/2022	20/05/2023	05/07/2023	French	PDF
Abridged model	31/12/2021	21/05/2022	25/08/2022	French	PDF
Abridged model	31/12/2020	15/05/2021	25/08/2021	French	PDF
Abridged model	31/12/2019	16/05/2020	09/07/2020	French	PDF
Abridged model	31/12/2018	18/05/2019	14/08/2019	French	PDF
Abridged model	31/12/2017	19/05/2018	26/07/2018	French	PDF
Abridged model	31/12/2016	28/06/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	21/05/2016	03/06/2016	French	PDF
Abridged model	31/12/2014	06/06/2015	30/06/2015	French	PDF
Abridged model	31/12/2013	17/05/2014	17/06/2014	French	PDF
Abridged model	31/12/2012	08/06/2013	04/07/2013	French	PDF
Abridged model	31/12/2011	19/05/2012	14/06/2012	French	PDF
Abridged model	31/12/2010	09/06/2011	28/07/2011	French	PDF
Abridged model	31/12/2009	05/06/2010	27/07/2010	French	PDF
Abridged model	31/12/2008	06/06/2009	16/07/2009	French	PDF
Abridged model	31/12/2007	07/06/2008	14/07/2008	French	PDF
Abridged model	31/12/2006	19/05/2007	01/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 2 active · 2 ended

Active mandates

Isabelle ESTIVANT

Director · since 17 juin 2012

Active

LOUIS DE HALLEUX

Director · since 05 mai 2004

Active

Ended mandates

Isabelle ESTIVANT

Manager · since 17 juin 2012

Ended

LOUIS DE HALLEUX

Manager · since 05 mai 2004

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/07/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates31/01/2018
DENOMINATION - CAPITAL, ACTIONS
PDF
Mandates09/06/2016
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring27/10/2014
DENOMINATION - CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring28/07/2014
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates22/06/2012
DEMISSIONS, NOMINATIONS
PDF
Registered office15/06/2009
Transfert du siège social
PDF
Other04/06/2004
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

2025
Annual accounts 2025489,7 k €↑
2024
Annual accounts 2024-331,1 k €↓
2023
Annual accounts 20231,1 M €↑
2022
Annual accounts 2022-247,7 k €↓
2021
Annual accounts 2021690,1 k €↑
2020
Annual accounts 2020595,9 k €↓
2019
Annual accounts 20191,6 M €↑
2018
Annual accounts 2018-357,3 k €↓
2017
Annual accounts 20172,6 M €↑
2016
Annual accounts 20161,4 M €↑
2015
Annual accounts 201538,4 k €↓
2013
Annual accounts 201350 k €↓
2012
Annual accounts 2012129,4 k €↑
2011
Annual accounts 2011-135,9 k €↓
2010
Annual accounts 201038,8 k €↑
2009
Annual accounts 2009-54 k €↓
2008
Annual accounts 200891,1 k €↑
2007
Annual accounts 2007-4,2 k €↓
2006
Annual accounts 2006152 k €
21/05/2004
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

Advestate

Overview

What does Advestate do?

Trend over 19 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