ACTIVE

AdFines

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Financial year 2025 · closed on 31/12/2025
Net result
372,1 k €
-89.2% YoY
Gross margin
63,8 k €
+49.8% YoY
Equity
4,8 M €
+8.4% YoY

What does AdFines do?

AdFines is a Private limited company incorporated in 2024. Its main activity is: Management consultancy activities. Its registered office is in Watermael-Boitsfort.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 1005.928.404
Incorporation
12/02/2024
Legal form
Private limited company
Registered office
Boulevard du Souverain 90
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
1 014 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities64200Activities of holding companies64210Activities of holding companies82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 2 financial years

20252024
Income statement
Gross margin63,8 k €42,6 k €
EBITDA63,8 k €42,6 k €
Operating result63,8 k €42,6 k €
Net result372,1 k €3,4 M €
Balance sheet
Equity4,8 M €4,4 M €
Total assets10,2 M €10,2 M €
Cash74,3 k €19,1 k €
Debts5,4 M €5,8 M €
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 31/12/2025 · 3 active

Active mandates

AdFines

Director · since 12 février 2024 · 1005.928.404

Represented by Hervé Dengis

Active
Lylou

Managing director · since 12 février 2024 · 1005.363.329

Represented by Yvan Feraux

Active
PADIX

Director · since 12 février 2024 · 0465.623.556

Represented by Pascal Dierickx

Active
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Annual accounts

Full financial information

20252024
Type of accountMicro modelMicro model
Start of the financial year01/01/202512/02/2024
Closing of the financial year31/12/202531/12/2024
Length of the financial year12 months11 months
Filing date08/07/202610/07/2025
General meeting09/06/202610/06/2025
Currency of the financial yearEUREUR
NBB quality labelSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

2 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202509/06/202608/07/2026FrenchPDF
Micro model31/12/202410/06/202510/07/2025FrenchPDF
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 31/12/2025 · 3 active

Active mandates

AdFines

Director · since 12 février 2024 · 1005.928.404

Represented by Hervé Dengis

Active
Lylou

Managing director · since 12 février 2024 · 1005.363.329

Represented by Yvan Feraux

Active
PADIX

Director · since 12 février 2024 · 0465.623.556

Represented by Pascal Dierickx

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other14/02/2024
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 2025372,1 k €↓
  2. 2024
    Annual accounts 20243,4 M €
  3. 12/02/2024
    IncorporationPrivate limited company