ACTIVE

ADIUTUM

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Financial year 2025 · closed on 31/12/2025

Net result

578,6 k €

-7.2% YoY

Gross margin

4,9 M €

-2.4% YoY

Equity

872,5 k €

-2.4% YoY

Workforce

52,1 ETP

-7.3% YoY

What does ADIUTUM do?

ADIUTUM is a Public limited company incorporated in 2008. Its main activity is: Computer consultancy activities. Its registered office is in Ixelles. It employs on average 52,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0894.708.796

Incorporation

08/01/2008

Legal form

Public limited company

Registered office

Place du Champ de Mars 5
1050 Ixelles · BruxellesSee on map

Contributed capital

75 000,00 €

Latest accounts

31/12/2025

Average workforce

52,1 ETP

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 58290Other software publishing 58290Other software publishing 62010Computer programming activities 62100Computer programming, consultancy and related activities+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008
Income statement
Gross margin	4,9 M €	-2.4%	5 M €	+13.5%	4,4 M €	+77.0%	2,5 M €	+40.8%	1,8 M €	-3.0%	1,8 M €	+14.1%	1,6 M €	-0.5%	1,6 M €	+21.4%	1,3 M €	-7.4%	1,4 M €	+13.0%	1,3 M €	+67.7%	752,7 k €	-22.6%	973 k €	+0.6%	967,3 k €	+6.9%	904,7 k €	-4.2%	944,6 k €	+102%	467,5 k €
EBITDA	939,5 k €	+0.2%	937,3 k €	+2.8%	911,5 k €	+117%	420,2 k €	+35.1%	310,9 k €	-10.1%	345,9 k €	+1263%	-29,7 k €	-122%	133,2 k €	-4.4%	139,3 k €	-50.8%	283,2 k €	-38.9%	463,7 k €	+98.2%	233,9 k €	-31.8%	343,2 k €	-14.7%	402,3 k €	-7.9%	436,7 k €	-13.1%	502,7 k €	+129%	219,8 k €
Operating result	885,9 k €	-4.3%	926,2 k €	+8.6%	853 k €	+116%	395,6 k €	+33.0%	297,5 k €	-10.8%	333,6 k €	+909%	-41,2 k €	-133%	123,8 k €	-4.5%	129,6 k €	-53.8%	280,8 k €	-38.8%	458,9 k €	+102%	227,3 k €	-32.4%	336,2 k €	-14.9%	394,9 k €	-7.8%	428,4 k €	-13.2%	493,6 k €	+128%	216,2 k €
Net result	578,6 k €	-7.2%	623,2 k €	+8.3%	575,5 k €	+141%	238,7 k €	+37.9%	173 k €	-19.8%	215,8 k €	+347%	-87,3 k €	-294%	45 k €	-20.5%	56,7 k €	-64.2%	158,1 k €	-44.9%	287 k €	+117%	132,4 k €	-31.1%	192,1 k €	-17.5%	233 k €	-13.3%	268,7 k €	-13.3%	310 k €	+126%	137,2 k €
Balance sheet
Equity	872,5 k €	-2.4%	893,9 k €	-7.9%	970,6 k €	+8.4%	895,1 k €	+18.3%	756,4 k €	+29.7%	583,4 k €	+58.7%	367,6 k €	-19.2%	454,8 k €	+11.0%	409,8 k €	+16.0%	353,1 k €	-49.2%	695 k €	+70.3%	408 k €	+48.0%	275,7 k €	+230%	83,6 k €	-0.0%	83,6 k €	+0.9%	82,9 k €	-42.5%	144,2 k €
Total assets	2,4 M €	-17.6%	2,9 M €	+3.9%	2,8 M €	+41.5%	2 M €	+8.2%	1,8 M €	-4.6%	1,9 M €	+26.9%	1,5 M €	+7.8%	1,4 M €	+2.6%	1,4 M €	-13.2%	1,6 M €	+27.3%	1,2 M €	+23.7%	995,6 k €	-7.1%	1,1 M €	+9.1%	982 k €	+0.9%	973,5 k €	+16.8%	833,5 k €	+119%	380 k €
Cash	518,5 k €	-58.1%	1,2 M €	+36.0%	909 k €	+15.6%	786,1 k €	+41.0%	557,3 k €	+23.6%	451,1 k €	+89.4%	238,1 k €	-28.1%	331,4 k €	+37.6%	240,8 k €	-70.5%	816,9 k €	+132%	351,7 k €	+75.4%	200,6 k €	+15.0%	174,4 k €	-29.9%	248,7 k €	-35.3%	384,5 k €	+85.6%	207,2 k €	-18.4%	253,9 k €
Debts	1,5 M €	-27.1%	2 M €	+10.2%	1,8 M €	+69.9%	1,1 M €	-0.3%	1,1 M €	-19.7%	1,3 M €	+23.7%	1,1 M €	+13.9%	942,1 k €	+0.4%	938,7 k €	-22.6%	1,2 M €	+126%	536,9 k €	-8.2%	584,8 k €	-26.1%	790,8 k €	-11.8%	896,8 k €	+8.1%	829,8 k €	+13.1%	733,5 k €	+211%	235,8 k €
Other
Workforce	52,1 ETP	-7.3%	56,2 ETP	+10.6%	50,8 ETP	+48.5%	34,2 ETP	+43.7%	23,8 ETP	-2.1%	24,3 ETP	-6.2%	25,9 ETP	+8.8%	23,8 ETP	+15.5%	20,6 ETP	+12.0%	18,4 ETP	+27.8%	14,4 ETP	+35.8%	10,6 ETP	+20.5%	8,8 ETP	+3.5%	8,5 ETP	+11.8%	7,6 ETP	+15.2%	6,6 ETP	+94.1%	3,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 35 ended

Active mandates

Hervé GUINES

Director · since 05 janvier 2026 · until 27 mai 2032

Active

Franck DESCHODT

Director · since 15 mars 2024 · until 30 mai 2030

Active

Gaspard FLIEDER

Director · since 15 mars 2024 · until 30 mai 2030

Active

Patrice GIUDICELLI

Director · since 15 mars 2024 · until 30 mai 2030

Active

Richard LAVAUR

Director · since 15 mars 2024 · until 30 mai 2030

Active

Ended mandates

Larissa CAIN

Director · since 15 mars 2024 · until 30 mai 2030

Ended

Franck DESCHODT

Director · since 31 mai 2018 · until 15 mars 2024

Ended

Franck DESCHODT

Director · since 31 mai 2018 · until 31 mai 2024

Ended

Gaspard FLIEDER

Director · since 31 mai 2018 · until 15 mars 2024

Ended

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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	30/03/2026	18/03/2025	25/03/2024	31/03/2023	23/03/2022	28/04/2021
General meeting	25/03/2026	14/03/2025	15/03/2024	28/03/2023	22/03/2022	14/04/2021
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
Abridged model	31/12/2025	25/03/2026	30/03/2026	French	PDF
Abridged model	31/12/2024	14/03/2025	18/03/2025	French	PDF
Abridged model	31/12/2023	15/03/2024	25/03/2024	French	PDF
Abridged model	31/12/2022	28/03/2023	31/03/2023	French	PDF
Abridged model	31/12/2021	22/03/2022	23/03/2022	French	PDF
Abridged model	31/12/2020	14/04/2021	28/04/2021	French	PDF
Abridged model	31/12/2019	04/09/2020	07/10/2020	French	PDF
Abridged modelCorrection	31/12/2018	29/05/2019	17/09/2019	French	PDF
Abridged model	31/12/2018	30/05/2019	20/06/2019	French	PDF
Abridged model	31/12/2017	10/05/2018	09/07/2018	French	PDF
Abridged model	31/12/2016	10/05/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	22/02/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	31/07/2015	French	PDF
Abridged model	31/12/2013	19/05/2014	11/06/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	04/06/2013	French	PDF
Abridged model	31/12/2011	10/05/2012	19/06/2012	French	PDF
Abridged model	31/12/2010	17/05/2011	24/06/2011	French	PDF
Abridged model	31/12/2009	29/03/2010	16/07/2010	French	PDF
Abridged model	31/12/2008	29/03/2009	27/07/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 5 active · 35 ended

Active mandates

Hervé GUINES

Director · since 05 janvier 2026 · until 27 mai 2032

Active

Franck DESCHODT

Director · since 15 mars 2024 · until 30 mai 2030

Active

Gaspard FLIEDER

Director · since 15 mars 2024 · until 30 mai 2030

Active

Patrice GIUDICELLI

Director · since 15 mars 2024 · until 30 mai 2030

Active

Richard LAVAUR

Director · since 15 mars 2024 · until 30 mai 2030

Active

Ended mandates

Larissa CAIN

Director · since 15 mars 2024 · until 30 mai 2030

Ended

Franck DESCHODT

Director · since 31 mai 2018 · until 15 mars 2024

Ended

Franck DESCHODT

Director · since 31 mai 2018 · until 31 mai 2024

Ended

Gaspard FLIEDER

Director · since 31 mai 2018 · until 15 mars 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other13/07/2026
—
PDF
Mandates12/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates08/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates04/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates10/12/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates19/11/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates10/05/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates21/06/2018
DEMISSIONS, NOMINATIONS
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 2025578,6 k €↓
2024
Annual accounts 2024623,2 k €↑
2023
Annual accounts 2023575,5 k €↑
2022
Annual accounts 2022238,7 k €↑
2021
Annual accounts 2021173 k €↓
2020
Annual accounts 2020215,8 k €↑
2019
Annual accounts 2019-87,3 k €↓
2018
Annual accounts 201845 k €↓
2017
Annual accounts 201756,7 k €↓
2016
Annual accounts 2016158,1 k €↓
2015
Annual accounts 2015287 k €↑
2014
Annual accounts 2014132,4 k €↓
2013
Annual accounts 2013192,1 k €↓
2012
Annual accounts 2012233 k €↓
2011
Annual accounts 2011268,7 k €↓
2010
Annual accounts 2010310 k €↑
2008
Annual accounts 2008137,2 k €
08/01/2008
IncorporationPublic 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

ADIUTUM

Overview

What does ADIUTUM do?

Trend over 17 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