ACTIVE

AD-connect

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Financial year 2025 · closed on 31/12/2025
Net result
68,4 k €
-92.3% YoY
Gross margin
64,3 k €
+52.9% YoY
Equity
3,4 M €
+2.1% YoY
Workforce
0,0 ETP

What does AD-connect do?

AD-connect is a Private limited company incorporated in 2008. Its main activity is: Management consultancy activities. Its registered office is in Aartselaar.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0898.742.216
Incorporation
23/06/2008
Legal form
Private limited company
Registered office
Wouwersveld 11
2630 Aartselaar · FlandreSee on map
Contributed capital
540 794,91 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
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 16 financial years

2025202420232022202120192018201720162015201420132012201120102009
Income statement
Gross margin64,3 k €42 k €126,2 k €108 k €66 k €65 k €60,5 k €77,3 k €124,3 k €61 k €14,7 k €87,2 k €91,6 k €90,8 k €90,9 k €55,3 k €
EBITDA61,6 k €39,4 k €123,7 k €106,4 k €65,8 k €64,9 k €60,4 k €76,8 k €123,7 k €55,7 k €14,5 k €85,3 k €90,5 k €89,5 k €89,6 k €52,8 k €
Operating result48,4 k €23,2 k €107,6 k €90,8 k €49,1 k €46,1 k €40,5 k €57 k €100,6 k €-1,9 k €8,9 k €78,4 k €86 k €86,9 k €85,5 k €51,5 k €
Net result68,4 k €890,8 k €47,6 k €196,6 k €162,5 k €304,6 k €211 k €248,6 k €243,9 k €51,2 k €79,9 k €333,4 k €214,1 k €46,5 k €55,1 k €29,9 k €
Balance sheet
Equity3,4 M €3,3 M €2,4 M €2,4 M €2,2 M €2,5 M €2,2 M €1,9 M €1,7 M €1,5 M €764,9 k €685 k €351,7 k €137,7 k €91,2 k €36,1 k €
Total assets3,6 M €3,6 M €2,7 M €2,9 M €2,7 M €3,2 M €2,9 M €2,6 M €2,2 M €1,8 M €788,2 k €765,8 k €497,9 k €491,2 k €493,2 k €68,9 k €
Cash18,1 k €124,9 k €389,8 k €551 k €703,8 k €1,4 M €997,1 k €753,5 k €395,5 k €151,6 k €134,3 k €147,9 k €40,3 k €19,3 k €12 k €55,2 k €
Debts224,6 k €339,1 k €259,1 k €515,2 k €533,8 k €741,1 k €706,9 k €615,6 k €458,8 k €311,9 k €23,3 k €80,8 k €146,1 k €353,5 k €402 k €32,8 k €
Other
Workforce0,0 ETP0,0 ETP––––––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Dirk Van Cauteren

Director · since 28 janvier 2021

Active

Ended mandates

Anne-Marie Cornelis

Manager · since 19 juin 2008

Ended
Dirk Van Cauteren

Manager · since 19 juin 2008

Ended
ANNE-MARIE CORNELIS

Manager · until 12 octobre 2015

Ended
ANNE-MARIE CORNELIS

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged 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 date16/07/202616/07/202516/07/202431/07/202305/07/202220/07/2021
General meeting30/06/202630/06/202530/06/202430/06/202330/06/202230/06/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202616/07/2026DutchPDF
Abridged model31/12/202430/06/202516/07/2025DutchPDF
Micro model31/12/202330/06/202416/07/2024DutchPDF
Micro model31/12/202230/06/202331/07/2023DutchPDF
Micro model31/12/202130/06/202205/07/2022DutchPDF
Micro model31/12/202030/06/202120/07/2021DutchPDF
Micro model31/12/201930/06/202002/07/2020DutchPDF
Micro model31/12/201830/06/201919/07/2019DutchPDF
Micro model31/12/201730/06/201811/07/2018DutchPDF
Micro model31/12/201630/06/201726/07/2017DutchPDF
Abridged model31/12/201530/06/201614/07/2016DutchPDF
Abridged model31/12/201430/06/201507/07/2015DutchPDF
Abridged model31/12/201330/06/201401/07/2014DutchPDF
Abridged model31/12/201228/06/201328/06/2013DutchPDF
Abridged model31/12/201130/06/201203/07/2012DutchPDF
Abridged model31/12/201030/06/201104/07/2011DutchPDF
Abridged model31/12/200930/06/201014/07/2010DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 6 ended

Active mandates

Dirk Van Cauteren

Director · since 28 janvier 2021

Active

Ended mandates

Anne-Marie Cornelis

Manager · since 19 juin 2008

Ended
Dirk Van Cauteren

Manager · since 19 juin 2008

Ended
ANNE-MARIE CORNELIS

Manager · until 12 octobre 2015

Ended
ANNE-MARIE CORNELIS

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/02/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares10/11/2015
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office20/02/2014
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares28/01/2014
    KAPITAAL - AANDELEN
    PDF
  • Other25/06/2008
    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 202568,4 k €↓
  2. 2024
    Annual accounts 2024890,8 k €↑
  3. 2023
    Annual accounts 202347,6 k €↓
  4. 2022
    Annual accounts 2022196,6 k €↑
  5. 2021
    Annual accounts 2021162,5 k €↓
  6. 2019
    Annual accounts 2019304,6 k €↑
  7. 2018
    Annual accounts 2018211 k €↓
  8. 2017
    Annual accounts 2017248,6 k €↑
  9. 2016
    Annual accounts 2016243,9 k €↑
  10. 2015
    Annual accounts 201551,2 k €↓
  11. 2014
    Annual accounts 201479,9 k €↓
  12. 2013
    Annual accounts 2013333,4 k €↑
  13. 2012
    Annual accounts 2012214,1 k €↑
  14. 2011
    Annual accounts 201146,5 k €↓
  15. 2010
    Annual accounts 201055,1 k €↑
  16. 2009
    Annual accounts 200929,9 k €
  17. 23/06/2008
    IncorporationPrivate limited company