Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ASSA ABLOY from Nieuwpoort, company number BE0405269760, closed financial year 2025 with a result of € -2.2 million after tax. For that financial year ASSA ABLOY recorded revenue of € 28.1 million and equity of € 4.1 million. Compared with financial year 2024, the result moved from € -273,548 to € -2.2 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 4.1 million
▼ 35% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.2 million
▼ 691 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -859,193.
People and assets in 2025
98.6
▼ 2.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 9.1 million
▲ 2% vs 2024
€ 92,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2 million
▲ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 33 days on average.
€ 1.3 million
▲ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 30,799,819 | € 29,405,021 | € 30,300,675 | € 28,054,093 | ▼ 7% |
| Profit after taxes | € -353,568 | € 562,359 | € -273,548 | € -2,163,717 | ▼ € 1.9 million |
| Equity | € 11,946,714 | € 6,509,072 | € 6,235,524 | € 4,071,807 | ▼ 35% |
| Total debts | € 3,387,830 | € 8,575,171 | € 2,690,037 | € 3,994,473 | ▲ 48% |
| Cash | € 13,456 | € 13,021 | - | - | |
| Land & buildings | € 2,068,129 | € 2,229,023 | € 2,128,598 | € 2,070,238 | ▼ 3% |
| Retained profit | € 7,015,714 | € 1,578,072 | € 1,304,524 | € -859,193 | ▼ € 2.2 million |
| Dividend | € 0 | € 6,000,000 | € 0 | € 0 | |
| Balance sheet total | € 15,500,923 | € 15,201,994 | € 9,048,158 | € 8,135,535 | ▼ 10% |
| Employees (FTE) | 109.2 | 100.6 | 101.4 | 98.6 | ▼ 2.8 |
Key figures of ASSA ABLOY, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ASSA ABLOY?
What happened at ASSA ABLOY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tom Boogaers stepped down as director. NBB
- Patrick Osterholt stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.2 million. Source: NBB ↗
- Suzanne Louis Hermens stepped down as director. NBB
- Tom Boogaers became a director. NBB
- Patrick Osterholt became a director. NBB
- Suzanne Louis Hermens became a director. NBB
- New establishment in Nieuwpoort. KBO
In short
From € 353,568 loss in 2022 to € 2.2 million loss in 2025.
Paid € 484,834 in corporate taxes since 2022.
Best year ever: 2023, with € 562,359 profit.
Paid out € 6 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by SAS Assa Abloy France (100%).
Directors
According to the 2025 annual accounts
Tom Boogaers
Director
since 2024 · until 2029
Patrick Osterholt
Managing director
since 2023 · until 2029
Suzanne Louis Hermens
Managing director
since 2023 · until 2026
Shareholders
SAS Assa Abloy France
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Canadalaan 73
8620 Nieuwpoort
Culliganlaan 2 box A
1831 Machelen (Brab.)
Active since 1 February 1924
Canadalaan 73 box .
8620 Nieuwpoort
Active since 19 January 1998
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.269.760
- VAT number
- BE 0405.269.760
- Registered office
- Canadalaan 73, 8620 Nieuwpoort
- Names & denominations
- ASSA ABLOY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van hang- en sluitwerk
Groothandel in ijzerwaren