ADEQUATION

What ADEQUATION does

ADEQUATION is a French real estate market intelligence and consulting firm, founded in 1992 in Lyon and operating as a subsidiary of AXL groupe. The company specialises in studies, advisory, and observation of real estate markets, serving real estate developers (promoteurs), investors and banking institutions, public collectivities and urban planners, social housing operators (bailleurs sociaux), observatories and professional federations, valuation experts, and real estate suppliers. Its customers include Nexity, Altarea Cogedim, Groupe 3F, CDC Habitat, Banque des Territoires, Grand Paris Aménagement, SPL Lyon Part-Dieu, Action Logement, and Bordeaux Métropole, with 700+ active clients and 15,000+ SaaS users reported.

The company operates a dual business model spanning Data Intelligence and Development Consulting. Its Data Intelligence offering comprises three proprietary SaaS platforms at descending geographic scales — FIL Immobilier (national market observation), FIL Observation (regional/customised observatories), and e-focus (address-level project positioning) — supported by a Data Management service that covers collection, enrichment, qualification, and API-based delivery. AI is applied internally for pattern detection, forecasting, and AI-supervised data processing, with 40+ data/AI specialists led by a Chief Data Officer. The Consulting arm delivers market studies, rapid Avis Flash analyses (48–72 hour turnaround), in-depth project studies, public-policy advisory, and training, with revenue from subscriptions (recurring SaaS) and professional-services engagements. Two sub-brands extend the portfolio: ADEQUATION Expertise (real estate appraisal, created 2011) and MBE Conseil (non-residential real estate analysis, acquired 2024).

ADEQUATION reaches the French market through 9 regional offices (Lyon, Paris, Marseille, Lille, Toulouse, Bordeaux, Nantes, and additional AURA/BFC and IdF coverage), a sales-led GTM with regional consultants, event participation (SIBCA, Congrès HLM), and content marketing via blog, LinkedIn, newsletter, and exclusive publications. The company is GDPR/RGPD-compliant, with infrastructure designed for compatibility with SecNumCloud/ISO 27001 sovereign cloud standards, and holds ISO 26000-aligned CSR policy and EcoVadis Bronze certification. No external institutional investors or funding rounds are disclosed; ownership sits within AXL groupe.

Name

ADEQUATION

Legal name

AXL groupe

Website

https://adequation.fr

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

101–250 employees

Short description

ADEQUATION is a French real estate market intelligence firm providing SaaS platforms (FIL Immobilier, FIL Observation, e-focus) and consulting services for territory-level market analysis, serving developers, investors, public authorities, and social housing organizations across France.

Ownership category

akta.pro rank

Headquarters

HQ city

Lyon

HQ country

France

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Subscriptions: Subscription-based access to FIL Immobilier, FIL Observation, and e-focus platforms for market analysis and observation
2. Consulting Services: Custom consulting engagements for real estate market analysis, development strategy, and project securitization
3. Data Management & Enrichment: Data pipeline outsourcing and enrichment services for clients wanting consolidated, quality-assured data

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

ADEQUATION provides real estate market intelligence through a dual offering: a Data Intelligence suite of SaaS platforms (FIL Immobilier for national observation, FIL Observation for regional observatories, e-focus for address-level positioning) and a Conseil en Développement consulting arm delivering market studies, project securitization, and public policy advisory. The company leverages 30+ years of proprietary real estate data covering 100,000+ market actors and 7.5 million residences with AI-powered analytics to support real estate developers, investors, public authorities, and social landlords.

Product overview

ADEQUATION operates as a dual-universe platform combining Data Intelligence and Development Consulting services. The Data Intelligence suite includes three SaaS solutions at descending geographic scales: FIL Immobilier (national market observation), FIL Observation (regional observatories), and e-focus (address-level positioning). Supporting these is a Data Management service and sovereign data platform. The Consulting arm offers market analysis, real estate studies, project security services (Avis Flash, in-depth studies), programming support, and training. Two specialized sub-brands extend the portfolio: ADEQUATION Expertise (property appraisal) and MBE Conseil (non-residential/tertiary market studies, acquired 2024).

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 150 missions per year in residence services
• +2 more outcomes

Named customers10 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• IFPIMMcoreStrategic or Co-development PartnerADEQUATION became a partner of IFPIMM (Institut Français des Professions et Métiers de l'Immobilier) in early 2025 and serves on its steering committee. They contribute to initiatives, events, and thematic work coordinated by the Institute, including the交叉 Data & AI challenges for the real estate sector.
• Chaire GIF (Geodata Immobilier Foncier)coreStrategic or Co-development PartnerADEQUATION is a founding member of the Chaire GIF. The partnership provides a space for reflection and rigor to genuinely innovate and enrich operational solutions built with public and private partners.
• DG4SC (Data Governance Alliance for Smarter Citizens)minorStrategic or Co-development PartnerDG4SC promotes ethical data governance for smarter citizens. ADEQUATION participates in promoting sovereignty and ethical standards in data usage.
• OVERDRIVEminorStrategic or Co-development PartnerCollaboration with OVERDRIVE on an Observatory of construction costs, annual REX, to identify equilibria between construction costs and housing quality for operator tender specifications.
• SOLIHAminorImplementation/ SI/ Consulting PartnerPartnership with SOLIHA for cross-diagnostic study of housing stock across 8 communes in the OPAH RU perimeter of CC Flandres-Lys.

Scale indicators12 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Bien'ici: French real estate portal (TF1/SeLoger group) that layers market data, price analytics, and developer intelligence on top of listings. Direct competition with ADEQUATION on developer-facing market analysis and on advertising-driven data products for residential developers in France.
• Business Immo: French B2B media and intelligence platform covering commercial real estate investment and development with proprietary indices and analytics. Complementary overlap with ADEQUATION's MBE Conseil non-residential franchise and shared client base of developers and investors.
• MeilleursAgents: Leading French residential real estate estimation and market data platform with proprietary indices, sold to developers, agents, and investors. Direct overlap with ADEQUATION's FIL Immobilier in residential market analytics for developers and banks.
• Pricehubble: Swiss-founded property analytics SaaS (now part of MUFG/Scor) serving banks, insurers, and investors with real estate market intelligence, valuation models, and portfolio analytics across Europe. Comparable AI-driven analytics proposition targeting overlapping institutional client segments, including France.

Broad incumbents

• JLL France: Jones Lang LaSalle's French operation covers investment advisory, valuation, research, and consulting across all asset classes. Comparable to ADEQUATION's developer and investor client engagement, particularly for institutional investors and large developers.
• CBRE France: Global commercial real estate services firm with French advisory, valuation, and research practices. Overlaps with ADEQUATION's project-securitization consulting and ADEQUATION Expertise appraisal, though operating at much larger scale and broader asset-class scope.
• Cushman & Wakefield France: Global commercial real estate advisor with French research and valuation practices serving occupiers, investors, and developers. Comparable to ADEQUATION's higher-end consulting work, though primarily focused on commercial rather than residential real estate.

Emerging players

• Explorimmo: French real estate platform offering transactions plus market statistics (prix au m², indices) for residential markets. Partial overlap with ADEQUATION's residential market observation, positioned as a broader listing/data aggregator rather than institutional intelligence provider.

Others

• BPCE Solutions & Expertises (CEE): French real estate appraisal and valuation network serving the banking sector (BPCE group), providing residential and commercial property valuations. Adjacent ecosystem participant to ADEQUATION Expertise's appraisal franchise rather than direct competitor.

Regional players

• Immostat: Real estate market observatory operated by French notaries (Groupement des Notaires), providing residential transaction indices at national and regional level. Indirect overlap with ADEQUATION's FIL Immobilier for residential market observation, though data is open-sourced rather than subscription.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/adequation
• Xx.com/Adequation_Fr

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ADEQUATION