ACTIVE

AD'2

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Financial year 2025 · closed on 31/12/2025
Net result
51,6 k €
-2.5% YoY
Gross margin
125,9 k €
+9.5% YoY
Equity
321 k €
-1.3% YoY

What does AD'2 do?

AD'2 is a Private limited company incorporated in 2007. Its main activity is: Retail sale of carpets, rugs, wall and floor coverings in specialised stores. Its registered office is in Oudenaarde.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0892.014.770
Incorporation
12/09/2007
Legal form
Private limited company
Registered office
Smissestraat 105
9700 Oudenaarde · FlandreSee on map
Contributed capital
18 550,00 €
Latest accounts
31/12/2025
Activities (NACE)
47530Retail sale of carpets, rugs, wall and floor coverings in specialised stores· main47530Retail sale of carpets, rugs, wall and floor coverings in specialised stores52486Warehousing and support activities for transportation47552Retail sale of other household equipment in specialised stores47592Retail sale of furniture, lighting equipment and other household articles in specialised stores52442Warehousing and support activities for transportation
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin125,9 k €115 k €63,2 k €150,4 k €123,7 k €101,9 k €91,4 k €111,7 k €96,8 k €116,3 k €134,6 k €76,2 k €94,7 k €50,4 k €9,7 k €31,4 k €22,4 k €57,1 k €
EBITDA120,3 k €111,8 k €51,4 k €143,8 k €121 k €98,9 k €87,7 k €109 k €87,8 k €108,7 k €132,4 k €73,6 k €92,8 k €43,6 k €6,5 k €28,6 k €5,2 k €52,8 k €
Operating result79,6 k €75,7 k €25 k €119,5 k €84,6 k €68 k €58,1 k €81,9 k €65,1 k €90,5 k €92,4 k €62,9 k €82,4 k €33,4 k €-5,7 k €16,5 k €-6,5 k €43 k €
Net result51,6 k €52,9 k €16,7 k €85 k €60,2 k €55,7 k €42,3 k €57,5 k €37,8 k €51,2 k €54,9 k €36 k €55,5 k €18 k €-10,1 k €7,1 k €-10,5 k €26,2 k €
Balance sheet
Equity321 k €325,1 k €314,4 k €424,3 k €339,3 k €279,1 k €223,4 k €181,2 k €123,7 k €85,9 k €54,6 k €54,8 k €78,7 k €23,2 k €31,2 k €41,3 k €34,2 k €44,7 k €
Total assets664,9 k €649,8 k €615,4 k €694,2 k €637,7 k €567,4 k €489,1 k €441,6 k €438,2 k €336,8 k €336,3 k €138,4 k €108,6 k €85,9 k €54,2 k €72 k €79,9 k €88,9 k €
Cash90,2 k €61,3 k €82,2 k €126,9 k €79,9 k €49,1 k €28,8 k €15,9 k €60,3 k €53,3 k €49,5 k €62,1 k €59,6 k €24,3 k €10,5 k €25,3 k €17,5 k €12,1 k €
Debts342 k €322,9 k €299,2 k €267,1 k €296,8 k €286,8 k €263,2 k €258,8 k €312,9 k €249,7 k €280,5 k €81,9 k €28 k €61,2 k €23 k €30,7 k €45,7 k €44,1 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Erwin MAES

Director

Active

Ended mandates

ERWIN MAES

Manager · since 01 janvier 2010 · until 31 décembre 2010

Ended
ERWIN MAES

Manager · since 01 janvier 2009 · until 31 décembre 2009

Ended
ERWIN MAES

Manager · since 10 septembre 2007 · until 31 décembre 2008

Ended
Erwin Maes

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
EC-CONCEPT● Active
0546.621.427
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date11/06/202604/06/202518/06/202429/08/202303/06/202221/06/2021
General meeting23/05/202624/05/202525/05/202431/07/202328/05/202222/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202523/05/202611/06/2026DutchPDF
Micro model31/12/202424/05/202504/06/2025DutchPDF
Micro model31/12/202325/05/202418/06/2024DutchPDF
Micro model31/12/202231/07/202329/08/2023DutchPDF
Micro model31/12/202128/05/202203/06/2022DutchPDF
Micro model31/12/202022/05/202121/06/2021DutchPDF
Micro model31/12/201927/06/202008/07/2020DutchPDF
Micro model31/12/201820/07/201908/08/2019DutchPDF
Micro model31/12/201726/05/201814/06/2018DutchPDF
Abridged model31/12/201627/05/201721/06/2017DutchPDF
Abridged model31/12/201504/06/201628/06/2016DutchPDF
Abridged model31/12/201423/05/201516/06/2015DutchPDF
Abridged model31/12/201324/05/201411/06/2014DutchPDF
Abridged model31/12/201225/05/201331/05/2013DutchPDF
Abridged model31/12/201116/06/201203/07/2012DutchPDF
Abridged model31/12/201028/05/201130/05/2011DutchPDF
Abridged model31/12/200922/05/201026/05/2010DutchPDF
Abridged model31/12/200823/05/200927/05/2009DutchPDF
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.

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 · 4 ended

Active mandates

Erwin MAES

Director

Active

Ended mandates

ERWIN MAES

Manager · since 01 janvier 2010 · until 31 décembre 2010

Ended
ERWIN MAES

Manager · since 01 janvier 2009 · until 31 décembre 2009

Ended
ERWIN MAES

Manager · since 10 septembre 2007 · until 31 décembre 2008

Ended
Erwin Maes

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/03/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates17/04/2012
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/09/2007
    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

Timeline

  1. 2025
    Annual accounts 202551,6 k €↓
  2. 2024
    Annual accounts 202452,9 k €↑
  3. 2023
    Annual accounts 202316,7 k €↓
  4. 2022
    Annual accounts 202285 k €↑
  5. 2021
    Annual accounts 202160,2 k €↑
  6. 2020
    Annual accounts 202055,7 k €↑
  7. 2019
    Annual accounts 201942,3 k €↓
  8. 2018
    Annual accounts 201857,5 k €↑
  9. 2017
    Annual accounts 201737,8 k €↓
  10. 2016
    Annual accounts 201651,2 k €↓
  11. 2015
    Annual accounts 201554,9 k €↑
  12. 2014
    Annual accounts 201436 k €↓
  13. 2013
    Annual accounts 201355,5 k €↑
  14. 2012
    Annual accounts 201218 k €↑
  15. 2011
    Annual accounts 2011-10,1 k €↓
  16. 2010
    Annual accounts 20107,1 k €↑
  17. 2009
    Annual accounts 2009-10,5 k €↓
  18. 2008
    Annual accounts 200826,2 k €
  19. 12/09/2007
    IncorporationPrivate limited company