ADENSO
0876.934.537 · rovalta.com · 23/09/2026
ACTIVE
ADENSO
Financial year 2025 · closed on 31/12/2025
Net result
20,7 k €
-33.6% YoY
Gross margin
44,9 k €
-21.0% YoY
Equity
315,1 k €
+7.0% YoY
Overview
What does ADENSO do?
ADENSO is a Private limited company incorporated in 2005. Its main activity is: Manufacture of machinery for food, beverage and tobacco processing. Its registered office is in Herenthout.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0876.934.537
Incorporation
26/10/2005
Legal form
Private limited company
Registered office
Vlakke Velden 29
2270 Herenthout · FlandreSee on map
2270 Herenthout · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
28930Manufacture of machinery for food, beverage and tobacco processing· main28930Manufacture of machinery for food, beverage and tobacco processing29530Manufacture of motor vehicles, trailers and semi-trailers62020Computer consultancy activities62200Computer programming, consultancy and related activities72100Research and experimental development on natural sciences and engineering
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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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 | 44,9 k € | -21.0% | 56,8 k € | +5.1% | 54 k € | +62.7% | 33,2 k € | -58.9% | 80,8 k € | +38.7% | 58,2 k € | +143% | 23,9 k € | -27.9% | 33,2 k € | -9.6% | 36,7 k € | -5.1% | 38,7 k € | +11.8% | 34,6 k € | -29.2% | 48,9 k € | +19.2% | 41 k € | +47.9% | 27,7 k € | +536% | 4,4 k € | -85.2% | 29,4 k € | -16.2% | 35,1 k € | +44.1% | 24,4 k € | -3.1% | 25,1 k € | -63.2% | 68,3 k € |
| EBITDA | 43,5 k € | -21.7% | 55,6 k € | +5.3% | 52,8 k € | +64.6% | 32,1 k € | -59.7% | 79,6 k € | +39.1% | 57,2 k € | +150% | 22,9 k € | -28.6% | 32,1 k € | -9.9% | 35,6 k € | -3.8% | 37 k € | +10.3% | 33,6 k € | -29.5% | 47,6 k € | +19.1% | 40 k € | +56.0% | 25,6 k € | +844% | 2,7 k € | -90.6% | 28,9 k € | -16.5% | 34,6 k € | +44.9% | 23,9 k € | -0.5% | 24 k € | -64.8% | 68 k € |
| Operating result | 31,2 k € | -31.2% | 45,3 k € | -9.0% | 49,8 k € | +70.8% | 29,1 k € | -62.1% | 76,9 k € | +39.5% | 55,1 k € | +162% | 21 k € | -28.7% | 29,5 k € | -12.1% | 33,6 k € | -7.5% | 36,3 k € | +8.3% | 33,6 k € | -27.5% | 46,3 k € | +19.7% | 38,7 k € | +64.5% | 23,5 k € | +1349% | 1,6 k € | -93.9% | 26,6 k € | -9.2% | 29,3 k € | +4511% | -663,4 € | +85.5% | -4,6 k € | -112% | 39,5 k € |
| Net result | 20,7 k € | -33.6% | 31,1 k € | -9.6% | 34,4 k € | +153% | 13,6 k € | -67.3% | 41,5 k € | +226% | 12,7 k € | -30.6% | 18,3 k € | -27.3% | 25,2 k € | +22.1% | 20,6 k € | -7.5% | 22,3 k € | +9.1% | 20,5 k € | -35.3% | 31,6 k € | +21.8% | 25,9 k € | +60.0% | 16,2 k € | +377% | 3,4 k € | -82.3% | 19,2 k € | -14.1% | 22,4 k € | +716% | -3,6 k € | +48.9% | -7,1 k € | -130% | 23,9 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 315,1 k € | +7.0% | 294,4 k € | +11.8% | 263,3 k € | +15.0% | 228,9 k € | -3.0% | 236 k € | +8.5% | 217,5 k € | -4.1% | 226,9 k € | +8.8% | 208,6 k € | +10.1% | 189,3 k € | +12.2% | 168,7 k € | +15.2% | 146,4 k € | +16.2% | 125,9 k € | +33.5% | 94,3 k € | +37.9% | 68,4 k € | +31.1% | 52,2 k € | -11.4% | 58,9 k € | +39.9% | 42,1 k € | +113% | 19,7 k € | -15.5% | 23,4 k € | -45.0% | 42,5 k € |
| Total assets | 385,5 k € | +4.3% | 369,6 k € | +22.6% | 301,5 k € | +13.3% | 266,1 k € | -19.4% | 330 k € | +13.1% | 291,9 k € | +3.7% | 281,5 k € | +10.2% | 255,5 k € | +15.5% | 221,2 k € | +11.3% | 198,7 k € | +14.5% | 173,5 k € | +7.9% | 160,8 k € | +38.8% | 115,8 k € | +46.7% | 79 k € | +10.4% | 71,6 k € | -2.2% | 73,2 k € | +33.2% | 55 k € | +24.5% | 44,1 k € | -29.2% | 62,4 k € | -44.1% | 111,6 k € |
| Cash | 198,1 k € | -2.3% | 202,7 k € | +19.8% | 169,3 k € | +25.5% | 134,9 k € | -41.3% | 229,8 k € | +88.1% | 122,2 k € | +33.8% | 91,3 k € | -7.7% | 98,9 k € | +10.3% | 89,7 k € | -44.3% | 161,1 k € | +16.3% | 138,5 k € | +9.8% | 126,1 k € | +35.4% | 93,2 k € | +76.1% | 52,9 k € | -14.9% | 62,2 k € | +20.0% | 51,8 k € | +60.1% | 32,4 k € | +32.3% | 24,5 k € | +9.6% | 22,3 k € | -53.1% | 47,5 k € |
| Debts | 69,4 k € | -5.6% | 73,5 k € | +97.9% | 37,2 k € | +0.6% | 37 k € | -60.0% | 92,4 k € | +26.4% | 73,1 k € | +36.6% | 53,5 k € | +20.7% | 44,3 k € | +42.1% | 31,2 k € | +5.6% | 29,5 k € | +10.4% | 26,7 k € | -22.5% | 34,5 k € | +61.6% | 21,3 k € | +101% | 10,6 k € | -38.0% | 17,1 k € | +25.1% | 13,7 k € | +9.4% | 12,5 k € | -48.8% | 24,4 k € | -37.2% | 38,8 k € | -43.7% | 68,9 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 3 ended
Active mandates
Guy Borghs
ActiveEnded mandates
Frederik Depuydt
EndedGuy Borghs
EndedGuy Borghs
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 17/06/2026 | 15/07/2025 | 17/07/2024 | 31/08/2023 | 24/08/2022 | 30/09/2021 |
| General meeting | 16/06/2026 | 17/06/2025 | 18/06/2024 | 31/07/2023 | 22/08/2022 | 24/09/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 16/06/2026 | 17/06/2026 | Dutch | |
| Micro model | 31/12/2024 | 17/06/2025 | 15/07/2025 | Dutch | |
| Micro model | 31/12/2023 | 18/06/2024 | 17/07/2024 | Dutch | |
| Micro model | 31/12/2022 | 31/07/2023 | 31/08/2023 | Dutch | |
| Micro model | 31/12/2021 | 22/08/2022 | 24/08/2022 | Dutch | |
| Micro model | 31/12/2020 | 24/09/2021 | 30/09/2021 | Dutch | |
| Micro model | 31/12/2019 | 01/10/2020 | 01/10/2020 | Dutch | |
| Micro model | 31/12/2018 | 14/08/2019 | 29/08/2019 | Dutch | |
| Micro model | 31/12/2017 | 13/07/2018 | 27/07/2018 | Dutch | |
| Micro model | 31/12/2016 | 08/06/2017 | 22/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 10/05/2016 | 11/05/2016 | Dutch | |
| Abridged model | 31/12/2014 | 31/07/2015 | 17/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 18/08/2014 | 21/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 26/08/2013 | 30/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 31/07/2012 | 03/08/2012 | Dutch | |
| Abridged model | 31/12/2010 | 21/06/2011 | 05/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 15/06/2010 | 15/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 16/07/2009 | 31/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 17/06/2008 | 30/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 19/06/2007 | 05/07/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 3 ended
Active mandates
Guy Borghs
ActiveEnded mandates
Frederik Depuydt
EndedGuy Borghs
EndedGuy Borghs
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202520,7 k €↓
- 2024Annual accounts 202431,1 k €↓
- 2023Annual accounts 202334,4 k €↑
- 2022Annual accounts 202213,6 k €↓
- 2021Annual accounts 202141,5 k €↑
- 2020Annual accounts 202012,7 k €↓
- 2019Annual accounts 201918,3 k €↓
- 2018Annual accounts 201825,2 k €↑
- 2017Annual accounts 201720,6 k €↓
- 2016Annual accounts 201622,3 k €↑
- 2015Annual accounts 201520,5 k €↓
- 2014Annual accounts 201431,6 k €↑
- 2013Annual accounts 201325,9 k €↑
- 2012Annual accounts 201216,2 k €↑
- 2011Annual accounts 20113,4 k €↓
- 2010Annual accounts 201019,2 k €↓
- 2009Annual accounts 200922,4 k €↑
- 2008Annual accounts 2008-3,6 k €↑
- 2007Annual accounts 2007-7,1 k €↓
- 2006Annual accounts 200623,9 k €
- 26/10/2005IncorporationPrivate limited company