AdminPulse (0475.384.429): annual accounts, directors and company register

AdminPulse

Antwerp ·KBO/BCE: BE 0475.384.429

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	0.9%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

Company
AdminPulse Antwerp	€8.1m	€4.6m	43.0%	28.1
ARCO INFORMATION Mechelen	€7.1m	€5.4m	7.6%	33.8
PASSMAN BENELUX La Hulpe	€10.1m	€3.9m	36.8%	15
STADIM Antwerp	€4.0m	€3.7m	28.1%	46.3
TELEMIS Ottignies-Louvain-la-Neuve	€4.3m	€2.7m	22.2%	21.2
Doccle Brussels	€10.2m	€6.5m	22.7%	28.2
TRESCO ENGINEERING Antwerp	€10.1m	€4.6m	74.0%	8.4

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	8.1m	6.3m	4.7m	3.3m	967,879	1.3m	1.2m	919,708	857,813	875,596	698,240	675,028	766,075	821,275	926,394	826,366	541,284	561,605	314,953
`21/28`	25,989	27,942	19,834	58,969	175,208	436,958	565,330	422,287	151,206	136,991	140,002	121,028	142,108	83,528	90,884	103,477	31,335	9,824	19,880
`21`	-	-	0	30,000	126,000	324,000	456,000	288,000	-	-	-	-	-	-	-	-	-	-	-
`22/27`	25,989	27,942	19,834	28,969	49,208	47,691	44,063	69,020	96,206	81,991	90,002	105,528	126,608	63,028	70,384	82,977	22,035	9,824	19,880
`23`	-	0	3,464	4,905	6,941	15,991	22,024	28,146	34,972	36,544	42,801	48,005	55,826	6,064	7,470	8,484	3,855	5,728	7,059
`24`	25,989	27,942	16,371	24,064	42,266	28,004	14,648	29,787	46,452	45,448	47,201	57,523	70,781	56,963	62,914	74,492	18,180	4,096	12,821
`25`	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`28`	-	-	-	-	0	65,267	65,267	65,267	55,000	55,000	50,000	15,500	15,500	20,500	20,500	20,500	9,300	-	-
`29/58`	8.1m	6.2m	4.7m	3.2m	792,671	839,473	637,910	497,422	706,606	738,604	558,238	554,000	623,967	737,747	835,510	722,889	509,949	551,781	295,073
`29`	-	-	-	-	-	-	-	-	10,267	-	-	-	-	-	-	-	-	-	-
`291`	-	-	-	-	-	-	-	-	10,267	-	-	-	-	-	-	-	-	-	-
`3`	-	-	-	-	0	1,632	1,299	1,595	596	1,504	1,835	2,608	40	27	-	-	-	-	-
`30/36`	-	-	-	-	0	1,632	1,299	1,595	596	1,504	1,835	2,608	40	27	-	-	-	-	-
`40/41`	655,618	979,696	637,399	485,057	314,931	259,040	297,046	317,591	293,477	273,460	168,958	177,137	304,224	428,418	484,984	407,716	331,616	398,774	167,927
`40`	655,618	979,696	637,399	485,057	306,371	258,662	245,625	316,751	290,165	266,821	150,877	145,039	257,044	258,686	344,487	288,711	250,994	215,593	161,502
`41`	-	-	-	0	8,560	378	51,421	840	3,312	6,640	18,080	32,099	47,180	169,732	140,497	119,005	80,622	183,181	6,425
`54/58`	7.3m	5.2m	4.0m	2.7m	451,665	544,049	325,214	121,055	310,701	341,273	234,687	207,054	128,271	89,004	97,140	34,626	173,761	150,829	117,298
`490/1`	102,678	47,125	38,199	19,979	26,075	34,752	14,351	57,180	91,566	122,366	152,758	167,201	191,433	220,297	253,386	280,548	4,573	2,178	9,849
Balance sheet: equity and liabilities
`10/49`	8.1m	6.3m	4.7m	3.3m	967,879	1.3m	1.2m	919,708	857,813	875,596	698,240	675,028	766,075	821,275	926,394	826,366	541,284	561,605	314,953
`10/15`	3.5m	1.9m	711,814	40,489	-1.1m	409,813	386,227	379,912	374,943	333,152	204,896	172,217	149,264	142,650	128,409	87,367	148,298	149,033	135,919
`10/11`	1.7m	1.7m	1.7m	1.7m	379,872	-	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
`11`	-	-	-	-	-	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-
`1100/10`	-	-	-	-	-	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-
`13`	66,200	66,200	66,200	66,200	66,200	403,613	380,027	373,712	368,743	326,952	198,696	166,017	143,064	136,450	122,209	81,167	142,098	142,833	129,719
`130/1`	-	-	-	-	0	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`1311`	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`1319`	-	-	-	-	-	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	51,200	51,200	51,200	51,200	51,200	51,200	132,420	132,420	132,420	113,200	51,200	51,200	51,200	51,200	51,200	51,200	51,200	51,200	51,200
`133`	15,000	15,000	15,000	15,000	15,000	350,553	245,747	239,432	234,463	211,892	145,636	112,957	90,004	83,390	69,149	28,107	89,038	89,773	76,659
`14`	1.8m	190,863	-1.0m	-1.7m	-1.6m	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`17/49`	4.6m	4.3m	4.0m	3.2m	2.1m	866,618	817,014	539,796	482,869	542,444	493,344	502,811	616,811	678,625	797,985	738,999	392,986	412,572	179,033
`17`	-	0	20,833	212,500	0	352,952	392,409	56,664	11,728	16,727	34,040	53,569	72,262	34,298	42,317	50,656	8,117	-	7,249
`170/4`	-	-	-	-	0	352,952	392,409	56,664	11,728	16,727	34,040	53,569	72,262	34,298	42,317	50,656	8,117	-	7,249
`178/9`	-	0	20,833	212,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`42/48`	628,113	622,402	699,026	586,597	376,973	513,140	414,336	481,722	459,957	525,717	459,304	447,651	543,004	644,327	755,649	688,343	384,869	412,431	171,560
`42`	-	-	-	-	0	51,908	77,578	5,063	17,992	17,313	19,529	18,693	73,112	73,287	73,998	32,968	25,182	7,249	8,325
`43`	-	-	-	0	25,029	75,029	63,702	70,063	70,063	25,085	55,094	55,121	75,000	150,000	150,049	174,902	8,359	8,360	8,363
`430/8`	-	-	-	0	25,029	75,029	63,702	70,063	70,063	25,085	55,094	55,121	75,000	150,000	150,049	174,902	8,359	8,360	8,363
`44`	187,612	260,495	195,678	213,397	154,716	272,486	201,607	333,104	245,932	306,540	179,953	111,066	166,820	109,646	230,619	222,443	175,845	224,939	73,389
`440/4`	187,612	260,495	195,678	213,397	154,716	272,486	201,607	333,104	245,932	306,540	179,953	111,066	166,820	109,646	230,619	222,443	175,845	224,939	73,389
`45`	440,501	341,072	311,682	223,200	197,229	112,144	69,385	70,094	118,354	104,041	116,855	117,570	72,532	85,036	79,233	44,584	57,737	53,938	64,471
`450/3`	184,582	140,245	86,194	52,165	43,182	45,474	7,134	12,021	17,153	4,229	733	13,885	14,467	30,809	22,729	9,359	1,128	7,761	2,019
`454/9`	255,919	200,827	225,488	171,035	154,046	66,670	62,252	58,073	101,201	99,812	116,122	103,685	58,065	54,227	56,504	35,225	56,609	46,176	62,451
`47/48`	0	20,835	191,667	150,000	0	1,574	2,063	3,398	7,617	72,737	87,873	145,200	155,540	226,358	221,750	213,446	117,747	117,947	17,012
`492/3`	4.0m	3.7m	3.3m	2.4m	1.7m	525	10,269	1,409	11,185	-	-	1,591	1,545	-	20	-	-	140	225
Income statement
`76A`	600	4,644	36	-	-	-	-	-	-	-	3,500	-	-	-	200	-	7,571	-	271
`9900`	4.6m	3.4m	2.6m	1.4m	528,099	1.4m	1.3m	1.3m	1.2m	1.2m	1.0m	963,147	915,588	763,636	782,301	624,424	751,565	732,986	690,181
`62`	2.6m	2.1m	1.9m	1.4m	2.1m	1.2m	1.1m	1.2m	1.1m	941,441	917,652	794,190	646,422	668,897	686,519	637,751	674,576	656,253	631,464
`630`	10,178	8,323	49,672	119,509	228,175	149,450	159,245	99,186	29,740	23,318	25,276	27,812	27,050	17,785	18,598	18,423	9,920	14,890	20,936
`631/4`	10,286	8,900	14,686	-	0	2,592	14,000	-	-	-	-	-	-	-	-	-	-	-	-
`640/8`	8,398	3,579	3,470	2,082	7,116	3,216	2,442	4,041	4,858	1,529	1,827	1,620	1,696	11,880	3,277	4,692	39,375	13,730	4,049
`66A`	0	225	39	0	5,486	34	-	-	2,493	4,903	14,657	71,063	188,165	1,212	-	-	7,571	-	920
`9901`	2.1m	1.3m	680,027	-135,430	-1.8m	48,952	16,366	18,597	83,698	228,978	90,736	139,524	240,420	65,074	73,907	-36,442	27,693	48,114	33,732
`75/76B`	77,442	62,454	170	279	161	1,213	976	1,517	2,354	3,184	848	929	1,427	494	3,637	3,598	3,360	2,090	1,474
`75`	77,442	62,454	170	279	161	1,213	976	1,517	2,354	3,184	848	929	1,427	494	3,637	3,598	3,360	2,090	1,474
`65/66B`	23,321	18,312	6,823	7,297	98,118	12,121	10,179	9,852	10,982	9,231	11,132	17,645	28,211	27,411	23,000	28,088	21,591	22,051	23,307
`65`	23,321	18,312	6,823	7,297	37,851	12,121	10,179	9,852	10,982	9,231	11,132	17,645	28,211	27,411	23,000	28,088	21,591	22,051	23,307
`66B`	-	-	-	0	60,267	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9903`	2.1m	1.3m	673,373	-142,448	-1.9m	38,044	7,163	10,261	75,071	218,029	69,294	51,746	25,471	36,945	54,743	-60,931	9,462	28,152	11,251
`67/77`	556,324	91,316	2,048	1,452	1,518	14,458	849	5,292	33,279	89,773	36,616	28,794	18,857	22,704	13,701	-	10,197	15,039	6,671
`9904`	1.6m	1.2m	671,325	-143,900	-1.9m	23,586	6,314	4,969	41,792	128,256	32,679	22,953	6,614	14,241	41,042	-60,931	-735	13,113	4,580
`689`	-	-	-	-	-	-	-	-	19,220	62,000	-	-	-	-	-	-	-	-	-
`9905`	1.6m	1.2m	671,325	-143,900	-1.9m	23,586	6,314	4,969	22,572	66,256	32,679	22,953	6,614	14,241	41,042	-60,931	-735	13,113	4,580
Appropriation of the result
`9906`	1.8m	190,863	-1.0m	-1.7m	-1.9m	23,586	6,314	4,969	22,572	66,256	32,679	22,953	6,614	14,241	41,042	-60,931	-735	13,113	4,580
`14P`	190,863	-1.0m	-1.7m	-1.6m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	0	337,413	-	-	-	-	-	-	-	-	-	-	60,931	735	-	-
`691/2`	-	-	-	-	0	23,586	6,314	4,969	22,572	66,256	32,679	22,953	6,614	14,241	41,042	-	-	13,113	4,580
`6921`	-	-	-	-	0	23,586	6,314	4,969	22,572	66,256	32,679	22,953	6,614	14,241	41,042	-	-	13,113	4,580
Social balance sheet
`9087`	28.1	24.6	23.9	21.5	21.6	20.4	19.2	22.3	21.8	19	18.7	16.3	12.1	13	14.5	12.7	13.5	13.6	14.2
Hours worked`1013`	47,314	42,290	40,534	36,007	52,672	32,634	32,022	38,049	36,713	32,892	31,864	26,606	20,389	21,181	23,656	20,599	23,233	23,863	25,517
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	05-06-2026	2026-00143388	PDF
31-12-2024	abbreviated format	26-06-2025	2025-00188670	PDF
31-12-2023	abbreviated format	27-06-2024	2024-00174234	PDF
31-12-2022	abbreviated format	03-07-2023	2023-00198383	PDF
31-12-2021	abbreviated format	29-07-2022	2022-20243239	PDF
30-06-2020	abbreviated format	07-01-2021	2021-00400279	PDF
30-06-2019	abbreviated format	23-12-2019	2019-77100313	PDF
30-06-2018	abbreviated format	23-01-2019	2019-02100354	PDF
30-06-2017	abbreviated format	29-01-2018	2018-02600329	PDF
30-06-2016	abbreviated format	20-12-2016	2016-70600321	PDF
30-06-2015	abbreviated format	02-02-2016	2016-03700013	PDF
30-06-2014	abbreviated format	18-12-2014	2014-69500405	PDF
30-06-2013	abbreviated format	24-12-2013	2013-69700374	PDF
30-06-2012	abbreviated format	31-01-2013	2013-02100434	PDF
30-06-2011	abbreviated format	18-11-2011	2011-61100337	PDF
30-06-2010	abbreviated format	29-12-2010	2010-64800187	PDF
30-06-2009	abbreviated format	21-01-2010	2010-01900159	PDF
30-06-2008	abbreviated format	17-12-2008	2008-85600045	PDF
30-06-2007	abbreviated format	21-12-2007	2007-84600294	PDF
30-06-2006	abbreviated format	22-12-2006	2006-92700124	PDF
30-06-2005	abbreviated format	27-10-2005	2005-84002121	PDF
30-06-2004	abbreviated format	22-12-2004	2004-87000707	PDF
30-06-2003	abbreviated format	19-12-2003	2003-84500232	PDF
30-06-2002	abbreviated format	23-12-2002	2002-78302406	PDF

Year	Entries	Awarded	Paid
2025	1	€4,439	€4,439
2024	1	€548	€548
2023	1	€457	€457
2022	1	€3,963	€3,963

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
2.1m	1.3m	729,699	-15,921	-1.6m	198,402	175,611	117,783	113,438	252,296	116,012	167,336	267,470	82,859	92,505	-18,019	37,614	63,004	54,668
1.6m	1.2m	720,997	-24,391	-1.7m	173,036	165,560	104,156	71,532	151,574	57,955	50,765	33,664	32,026	59,640	-42,509	9,186	28,003	25,516
8,226	22,011	12,140	3,270	48,082	21,077	302,289	370,267	47,966	20,307	59,750	6,732	93,622	10,429	6,006	90,564	31,431	4,834	12,527
2.1m	1.2m	1.3m	2.3m	-92,384	218,835	204,159	-189,645	-30,572	106,586	27,633	78,783	39,267	-8,136	62,514	-139,135	22,932	33,531	-
7.5m	5.6m	4.0m	2.6m	415,698	326,333	223,574	15,699	246,649	212,887	98,934	106,349	80,963	93,420	79,861	34,546	125,081	139,350	123,513
43.0%	30.9%	15.1%	1.2%	-115.3%	32.1%	32.1%	41.3%	43.7%	38.0%	29.3%	25.5%	19.5%	17.4%	13.9%	10.6%	27.4%	26.5%	43.2%
12.90	10.04	6.71	5.51	2.10	1.64	1.54	1.03	1.54	1.40	1.22	1.24	1.15	1.14	1.11	1.05	1.32	1.34	1.72
12.90	10.04	6.71	5.51	2.10	1.63	1.54	1.03	1.53	1.40	1.21	1.23	1.15	1.14	1.11	1.05	1.32	1.34	1.72
1.32	2.24	5.62	80.23	-	2.11	2.12	1.42	1.29	1.63	2.41	2.92	4.13	4.76	6.21	8.46	2.65	2.77	1.32
44.6%	63.3%	94.3%	-355.4%	-	5.8%	1.6%	1.3%	11.1%	38.5%	15.9%	13.3%	4.4%	10.0%	32.0%	-69.7%	-0.5%	8.8%	3.4%
19.2%	19.5%	14.3%	-4.4%	-196.2%	1.8%	0.5%	0.5%	4.9%	14.6%	4.7%	3.4%	0.9%	1.7%	4.4%	-7.4%	-0.1%	2.3%	1.5%
88.83	69.93	over 100	-2.18	-41.52	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	33	27	27	23	23
full-time	21	16	18	14	15
part-time	12	11	9	9	8
in full-time equivalents	30.5	25	25.3	21.4	21.6
	28.1	24.6	23.9	21.5	21.6
On a permanent contract	33	27	27	23	23
Joined	6	5	4	3	9
Left	0	5	0	3	8
Training hours	172	136	90	64	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€8,226	€22,011	€12,140	€3,270	€48,082
Intangible fixed assets	-	-	-	-	€0
Financial fixed assets	-	-	-	-	€0
	€10,178	€8,323	€49,672	€119,509	€228,175

ASE METALS registered office since 01-01-1970 · founded in 1969 · group ASE GROUP	turnover €180.6m (2025) 0406.940.338
AGSB Trading registered office since 30-12-2015 · founded in 2015 · group ASE GROUP	turnover €144.3m (2025) 0644.984.771
ADGAR INVESTMENT AND DEVELOPMENT BELGIUM registered office since 07-11-1997 · founded in 1997	total assets €129.7m (2025) 0461.110.779
Adgar Plantin registered office since 20-07-2001 · founded in 1999 · group ADGAR INVESTMENT AND DEVELOPMENT BELGIUM	turnover €4.4m (2025) 0466.862.681
ADGAR INVESTMENT AND DEVELOPMENT POLAND registered office since 22-10-1999 · founded in 1999 · group ADGAR INVESTMENT AND DEVELOPMENT BELGIUM	total assets €90.8m (2025) 0467.112.210
ASE GROUP registered office since 22-07-2024 · founded in 2024	total assets €30.6m (2025) 1011.792.251
Ase Europe registered office since 01-12-1956 · founded in 1956	8.6 FTE (2025) 0404.928.577
RDY Ventures registered office since 08-02-2023 · founded in 2023	total assets €8.0m (2025) 0798.203.595
YANG MING (BELGIUM) registered office since 05-03-2007 · founded in 2006	30 FTE (2025) 0885.991.367
Brain Embassy Belgium registered office since 30-07-2019 · founded in 2019 · negative equity (2025) · group ADGAR INVESTMENT AND DEVELOPMENT BELGIUM	3 FTE (2025) 0731.710.590

DW Innovation via CONTROL F (at AdminPulse until 2026) and Digital Strategy (at AdminPulse until 2025) · Director · deeds of 25-03-2025 and 27-01-2025 founded in 2018 · group VISMA AS · accounts filed late	8.4 FTE (2024)
Silverfin via Digital Strategy, at AdminPulse until 2025 · Director · deed of 22-01-2026 founded in 2013 · group VISMA AS	99 FTE (2025)
KMO toolbox via CONTROL F (at AdminPulse until 2026) and Digital Strategy (at AdminPulse until 2025) · deeds of 29-04-2025 and 18-04-2025 No longer active · founded in 2020 · group VISMA AS	total assets €1.2m (2025)
Changers via CONTROL F (at AdminPulse until 2026) and Digital Strategy (at AdminPulse until 2025) · deeds of 28-03-2025 and 27-01-2025 No longer active · founded in 2018 · group VISMA AS	1 FTE (2024)

Name	2009	2010
NEW HORIZONS VLAANDEREN 2009 to 2014: 50%	50%
ShareTEC 2010 to 2014: 33%		33%
Syneton LuxLU 2010 to 2012: 25%		25%

Overview

Lifetime

Key points

Equity

Turnover

Filings

At the same address

Board

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on AdminPulse

Financials

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency43.0%

Current ratio12.90

Return on assets19.2%

Staff

Staff cost per FTE€91,058

Joined and left+6 people

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €9,407 awarded, €9,407 paid

Key figures and ratios

Social balance sheet

Investments

Insights on AdminPulse

Board & ownership

Board

Mandates through the years

Control

Capital

Owners through the years

Articles of association

Capital transactions

Network & group

Holdings

Belgium 2 Year Equity Result

Parent

At the same address

Earlier ties

Holdings through the years

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

Contact

in €m

in €m

43.0%

12.90

19.2%

€91,058

+6 people