ACTIVE

ADEQUATION MANAGEMENT

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Financial year 2026 · closed on 31/03/2026

Net result

160,6 €

+100.8% YoY

Gross margin

1,4 k €

+199.0% YoY

Equity

45,4 k €

-3.2% YoY

What does ADEQUATION MANAGEMENT do?

ADEQUATION MANAGEMENT is a Private limited company incorporated in 2007. Its main activity is: Management consultancy activities. Its registered office is in Kampenhout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.376.271

Incorporation

11/05/2007

Legal form

Private limited company

Registered office

Grootveldstraat 119
1910 Kampenhout · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/03/2026

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,4 k €	+199%	-1,4 k €	+60.4%	-3,6 k €	-45.0%	-2,5 k €	+53.0%	-5,2 k €	-136%	14,4 k €	-0.0%	14,4 k €	-31.2%	20,9 k €	+36.1%	15,3 k €	+6.2%	14,4 k €	-34.2%	22 k €	+34.7%	16,3 k €	+367%	3,5 k €	+97.7%	1,8 k €	+9.3%	1,6 k €	+252%	459,2 €	+332%	-197,6 €	+72.8%	-727,4 €	-103%	24,2 k €
EBITDA	775,3 €	+135%	-2,2 k €	+49.2%	-4,3 k €	-45.6%	-3 k €	+50.7%	-6 k €	-143%	13,9 k €	+0.5%	13,8 k €	-32.1%	20,3 k €	+37.5%	14,8 k €	+7.1%	13,8 k €	-34.8%	21,2 k €	+35.2%	15,6 k €	+419%	3 k €	+326%	708,2 €	-38.4%	1,1 k €	+13864%	-8,4 €	+97.5%	-338,4 €	+60.7%	-861,5 €	-104%	23 k €
Operating result	90,1 €	+103%	-3,1 k €	+41.4%	-5,3 k €	-42.2%	-3,7 k €	+42.4%	-6,5 k €	-168%	9,6 k €	-28.6%	13,4 k €	-32.0%	19,8 k €	+38.8%	14,2 k €	+8.1%	13,2 k €	-34.5%	20,1 k €	+38.3%	14,5 k €	+601%	2,1 k €	+445%	380,9 €	-50.9%	775,9 €	+9392%	-8,4 €	+97.5%	-338,4 €	+60.7%	-861,5 €	-104%	23 k €
Net result	160,6 €	+101%	-19,8 k €	-267%	-5,4 k €	-88.7%	-2,9 k €	+59.1%	-7 k €	-208%	6,5 k €	-20.1%	8,1 k €	-35.0%	12,5 k €	+34.5%	9,3 k €	+4.8%	8,9 k €	-34.5%	13,5 k €	+36.9%	9,9 k €	+318%	2,4 k €	+183%	835,1 €	-32.1%	1,2 k €	+189%	426,5 €	+2518%	16,3 €	+103%	-590,8 €	-104%	15,3 k €
Balance sheet
Equity	45,4 k €	-3.2%	47 k €	-31.3%	68,4 k €	-9.3%	75,4 k €	-5.6%	79,8 k €	-9.7%	88,4 k €	+5.9%	83,5 k €	+8.4%	77 k €	+14.3%	67,4 k €	+16.0%	58,1 k €	+18.0%	49,2 k €	+37.9%	35,7 k €	+38.3%	25,8 k €	+10.1%	23,4 k €	+3.7%	22,6 k €	+5.8%	21,4 k €	+2.0%	20,9 k €	+0.1%	20,9 k €	-2.7%	21,5 k €
Total assets	57 k €	-2.1%	58,2 k €	-27.2%	80 k €	-14.5%	93,5 k €	-0.8%	94,3 k €	-12.1%	107,3 k €	+6.7%	100,6 k €	+6.5%	94,4 k €	+11.1%	85 k €	+4.3%	81,5 k €	+17.4%	69,4 k €	+50.1%	46,2 k €	+31.4%	35,2 k €	+26.0%	27,9 k €	+3.1%	27,1 k €	+24.8%	21,7 k €	+2.8%	21,1 k €	-0.3%	21,2 k €	-4.3%	22,1 k €
Cash	9,3 k €	+24.2%	7,5 k €	-35.5%	11,6 k €	-45.0%	21 k €	-17.1%	25,4 k €	-69.0%	81,8 k €	+1.9%	80,3 k €	+820%	8,7 k €	+623%	1,2 k €	-75.9%	5 k €	+17.8%	4,3 k €	+84.1%	2,3 k €	-73.3%	8,7 k €	+698%	1,1 k €	-31.4%	1,6 k €	+274%	422,2 €	+469%	74,2 €	-84.6%	480,9 €	-97.7%	20,9 k €
Debts	7,6 k €	+76.5%	4,3 k €	-6.9%	4,6 k €	-59.1%	11,3 k €	+48.3%	7,6 k €	-36.7%	12 k €	+18.1%	10,2 k €	-3.4%	10,5 k €	-1.7%	10,7 k €	-35.3%	16,5 k €	+24.1%	13,3 k €	+263%	3,7 k €	+98.4%	1,8 k €		–		–		226,3 €	+463%	40,2 €	-66.6%	120,4 €	-59.1%	294,2 €

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 31/03/2026 · 2 active · 2 ended

Active mandates

Georges HORE

Mandate

Active

Sabine CHARLIER

Mandate

Active

Ended mandates

Georges HORE

Manager · since 01 juin 2007

Ended

Georges HORE

Manager

Ended

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2025	01/04/2024	01/03/2023	01/03/2022	01/03/2021	01/03/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	28/02/2023	28/02/2022	28/02/2021
Length of the financial year	12 months	12 months	13 months	12 months	12 months	12 months
Filing date	12/07/2026	03/09/2025	25/09/2024	07/07/2023	04/08/2022	06/07/2021
General meeting	20/06/2026	16/08/2025	15/06/2024	10/06/2023	11/06/2022	12/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2026	20/06/2026	12/07/2026	French	PDF
Micro model	31/03/2025	16/08/2025	03/09/2025	Dutch	PDF
Micro model	31/03/2024	15/06/2024	25/09/2024	Dutch	PDF
Micro model	28/02/2023	10/06/2023	07/07/2023	Dutch	PDF
Micro model	28/02/2022	11/06/2022	04/08/2022	Dutch	PDF
Micro model	28/02/2021	12/06/2021	06/07/2021	Dutch	PDF
Micro model	29/02/2020	13/06/2020	18/08/2020	Dutch	PDF
Micro model	28/02/2019	15/06/2019	27/08/2019	Dutch	PDF
Micro model	28/02/2018	16/06/2018	09/07/2018	Dutch	PDF
Micro model	28/02/2017	17/06/2017	20/08/2017	Dutch	PDF
Abridged model	29/02/2016	18/06/2016	04/08/2016	Dutch	PDF
Abridged model	28/02/2015	21/06/2015	22/06/2015	Dutch	PDF
Abridged model	28/02/2014	21/06/2014	23/06/2014	Dutch	PDF
Abridged model	28/02/2013	15/06/2013	18/08/2013	French	PDF
Abridged model	29/02/2012	16/06/2012	09/07/2012	Dutch	PDF
Abridged model	28/02/2011	18/06/2011	27/08/2011	Dutch	PDF
Abridged model	28/02/2010	19/06/2010	09/08/2010	Dutch	PDF
Abridged model	28/02/2009	20/06/2009	25/08/2009	Dutch	PDF
Abridged model	29/02/2008	21/06/2008	06/07/2008	Dutch	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 31/03/2026 · 2 active · 2 ended

Active mandates

Georges HORE

Mandate

Active

Sabine CHARLIER

Mandate

Active

Ended mandates

Georges HORE

Manager · since 01 juin 2007

Ended

Georges HORE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Other23/05/2007
OPRICHTING
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

2026
Annual accounts 2026160,6 €↑
2025
Annual accounts 2025-19,8 k €↓
2024
Annual accounts 2024-5,4 k €↓
2023
Annual accounts 2023-2,9 k €↑
2022
Annual accounts 2022-7 k €↓
2021
Annual accounts 20216,5 k €↓
2020
Annual accounts 20208,1 k €↓
2019
Annual accounts 201912,5 k €↑
2018
Annual accounts 20189,3 k €↑
2017
Annual accounts 20178,9 k €↓
2016
Annual accounts 201613,5 k €↑
2015
Annual accounts 20159,9 k €↑
2014
Annual accounts 20142,4 k €↑
2013
Annual accounts 2013835,1 €↓
2012
Annual accounts 20121,2 k €↑
2011
Annual accounts 2011426,5 €↑
2010
Annual accounts 201016,3 €↑
2009
Annual accounts 2009-590,8 €↓
2008
Annual accounts 200815,3 k €
11/05/2007
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

ADEQUATION MANAGEMENT

Overview

What does ADEQUATION MANAGEMENT do?

Trend over 19 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