Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 111.7 to 57.9.
Financials
Financial year 2025
Bandag-Europe from Dilsen-Stokkem, company number BE0406824037, closed financial year 2025 with a result of € 5.1 million after tax. For that financial year Bandag-Europe recorded revenue of € 5.1 million and equity of € 4.6 million. Compared with financial year 2024, the result moved from € -4.9 million to € 5.1 million. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 4.6 million
▲ € 5.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5.1 million
▲ still € 4.9 million loss in 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4 million.
People and assets in 2025
57.9
▼ 50 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 27.9 million
▲ 219% vs 2024
€ 482,000 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
€ 45.6 million
▲ 121% vs 2024
Loans from banks and other lenders, long and short.
€ 624,636
▼ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 35 days on average.
€ 2 million
▲ 28% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 39,231,912 | € 39,990,289 | € 28,756,009 | € 5,120,983 | ▼ 82% |
| Profit after taxes | € 602,661 | € 141,835 | € -4,948,084 | € 5,090,349 | ▲ € 10 million |
| Equity | € 4,304,895 | € 4,446,730 | € -501,354 | € 4,588,994 | ▲ € 5.1 million |
| Total debts | € 35,526,042 | € 20,034,715 | € 24,303,820 | € 48,222,149 | ▲ 98% |
| Cash | € 1,134 | € 753 | € 196 | - | |
| Land & buildings | € 1,324,582 | € 1,288,637 | € 1,514,503 | € 68,047 | ▼ 96% |
| Retained profit | € 3,679,895 | € 3,821,730 | € -1,126,354 | € 3,963,994 | ▲ € 5.1 million |
| Bank debt | € 27,520,939 | € 14,427,280 | € 20,624,315 | € 45,585,169 | ▲ 121% |
| Balance sheet total | € 39,888,583 | € 24,505,580 | € 48,523,976 | € 57,898,892 | ▲ 19% |
| Employees (FTE) | 101.1 | 111.7 | 107.9 | 57.9 | ▼ 50 |
Key figures of Bandag-Europe, 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 Bandag-Europe?
What happened at Bandag-Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5.1 million. Source: NBB ↗
- Resat Oruc stepped down as director. NBB
- Ahmed Boualam stepped down as director. NBB
- Resat Oruc became a director. NBB
- Ahmed Boualam became a director. NBB
- New establishment in Dilsen-Stokkem. KBO
- Start of the company according to the CBE. KBO
In short
From € 602,661 profit in 2022 to € 5.1 million profit in 2025.
Paid € 5.6 million in corporate taxes since 2022.
Best year ever: 2025, with € 5.1 million profit.
Pays suppliers within 35 days on average.
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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 BRIDGESTONE EUROPE NV/SA (100%).
Directors
According to the 2025 annual accounts
Resat Oruc
Director
since 2025 · until 2026
Ahmed Boualam
Director
since 2025 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Siemenslaan 15
3650 Dilsen-Stokkem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
GOOGLE-CLOUD-PLATFORM - Google LLC, US
DNS
AWS Route 53
Domain
Domain
bandag.eu
Registrar
1API GmbH
Website info
Features
Security
Details
- Company number
- 0406.824.037
- VAT number
- BE 0406.824.037
- Registered office
- Siemenslaan 15, 3650 Dilsen-Stokkem
- Names & denominations
- Bandag-Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 October 1969
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- bandag.eu
- Activities · NACE
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