What does ASSOCIATED RETAIL do?

ASSOCIATED RETAIL is a warehousing company in Nivelles. Public Limited, started on 30 January 1975, 2 establishments.

What is the address of ASSOCIATED RETAIL?

The registered office of ASSOCIATED RETAIL is located at Rue de l'Industrie 6, 1400 Nivelles.

Is ASSOCIATED RETAIL still active?

Yes. According to the CBE (30 October 2026) ASSOCIATED RETAIL is active, legal situation “Normale toestand”, started on 30 January 1975.

Is ASSOCIATED RETAIL registered on Peppol?

Yes, ASSOCIATED RETAIL is registered on the Peppol network with ID 0208:0414847026.

What is the enterprise number of ASSOCIATED RETAIL?

The enterprise number of ASSOCIATED RETAIL is BE0414847026.

When was ASSOCIATED RETAIL founded?

ASSOCIATED RETAIL was founded on 30 January 1975.

Who are the directors of ASSOCIATED RETAIL?

According to the 2025 annual accounts, the directors of ASSOCIATED RETAIL are: Hereal BV.

Is ASSOCIATED RETAIL a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 30 January 1975; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account; 2 establishments in the CBE.

How much profit did ASSOCIATED RETAIL make in 2025?

ASSOCIATED RETAIL posted a profit after taxes of € 18,549 in financial year 2025.

What is the revenue of ASSOCIATED RETAIL?

In its most recent annual accounts (2025), ASSOCIATED RETAIL reported revenue of € 1,055,898.

How much does an employee at ASSOCIATED RETAIL earn?

The average wage cost per full-time employee at ASSOCIATED RETAIL was € 15,800 in 2024: staff costs of € 411,501 for 26 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

ASSOCIATED RETAIL (Public Limited) - Nivelles

Dossier ASSOCIATED RETAIL, printed on 30 October 2026 from databakkes.be/en/0414847026/associated-retail. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

ASSOCIATED RETAIL from Nivelles, company number BE0414847026, closed financial year 2025 with a result of € 18,549 after tax. For that financial year ASSOCIATED RETAIL recorded revenue of € 1.1 million and equity of € 790,541. Compared with financial year 2024, the result moved from € -29,568 to € 18,549. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.

What it is worth Growing

€ 790,541

▲ 2% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 18,549

▲ still € 29,568 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 5,023

▼ 50% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 10,541.

People and assets in 2025

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 1.4 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 1,298

▼ € 410,203 vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 26,800

▼ 58% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 77,901

▲ 118% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 20 days on average.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 3,577,980 Revenue 2022: € 3,577,980 First fiscal year in the series	€ 5,015,387 Revenue 2023: € 5,015,387 ▲ 40% vs 2022 (€ 3,577,980) Favourable step	€ 1,504,022 Revenue 2024: € 1,504,022 ▼ 70% vs 2023 (€ 5,015,387) Unfavourable step	€ 1,055,898 Revenue 2025: € 1,055,898 ▼ 30% vs 2024 (€ 1,504,022) Unfavourable step	▼ 30%
Profit after taxes	€ 49,231 Profit after taxes 2022: € 49,231 First fiscal year in the series	€ -2,565,542 Profit after taxes 2023: € -2,565,542 ▼ € 2.6 million vs 2022 (€ 49,231) Unfavourable step	€ -29,568 Profit after taxes 2024: € -29,568 ▲ € 2.5 million vs 2023 (€ -2,565,542) Favourable step	€ 18,549 Profit after taxes 2025: € 18,549 ▲ € 48,117 vs 2024 (€ -29,568) Favourable step	▲ € 48,117
Equity	€ -62,898 Equity 2022: € -62,898 First fiscal year in the series	€ -2,628,439 Equity 2023: € -2,628,439 ▼ € 2.6 million vs 2022 (€ -62,898) Unfavourable step	€ 771,992 Equity 2024: € 771,992 ▲ € 3.4 million vs 2023 (€ -2,628,439) Favourable step	€ 790,541 Equity 2025: € 790,541 ▲ 2% vs 2024 (€ 771,992) Favourable step	▲ 2%
Total debts	€ 2,830,734 Total debts 2022: € 2,830,734 First fiscal year in the series	€ 2,515,200 Total debts 2023: € 2,515,200 ▼ 11% vs 2022 (€ 2,830,734) Favourable step	€ 1,291,160 Total debts 2024: € 1,291,160 ▼ 49% vs 2023 (€ 2,515,200) Favourable step	€ 834,541 Total debts 2025: € 834,541 ▼ 35% vs 2024 (€ 1,291,160) Favourable step	▼ 35%
Cash	€ 3,885 Cash 2022: € 3,885 First fiscal year in the series	€ 2,827 Cash 2023: € 2,827 ▼ 27% vs 2022 (€ 3,885) Unfavourable step	€ 10,062 Cash 2024: € 10,062 ▲ 256% vs 2023 (€ 2,827) Favourable step	€ 5,023 Cash 2025: € 5,023 ▼ 50% vs 2024 (€ 10,062) Unfavourable step	▼ 50%
Land & buildings	€ 75,470 Land & buildings 2022: € 75,470 First fiscal year in the series	€ 70,450 Land & buildings 2023: € 70,450 ▼ 7% vs 2022 (€ 75,470) Unchanged	€ 65,431 Land & buildings 2024: € 65,431 ▼ 7% vs 2023 (€ 70,450) Unchanged	€ 56,937 Land & buildings 2025: € 56,937 ▼ 13% vs 2024 (€ 65,431) Unchanged	▼ 13%
Retained profit	€ -1,062,898 Retained profit 2022: € -1,062,898 First fiscal year in the series	€ -3,628,439 Retained profit 2023: € -3,628,439 ▼ € 2.6 million vs 2022 (€ -1,062,898) Unfavourable step	€ -8,008 Retained profit 2024: € -8,008 ▲ € 3.6 million vs 2023 (€ -3,628,439) Favourable step	€ 10,541 Retained profit 2025: € 10,541 ▲ € 18,549 vs 2024 (€ -8,008) Favourable step	▲ € 18,549
Bank debt	€ 785,000 Bank debt 2022: € 785,000 First fiscal year in the series	€ 785,000 Bank debt 2023: € 785,000 Unchanged (€ 785,000) Unchanged	€ 0 Bank debt 2024: € 0 ▼ 100% vs 2023 (€ 785,000) Favourable step	€ 0 Bank debt 2025: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 2,767,836 Balance sheet total 2022: € 2,767,836 First fiscal year in the series	€ 2,250,102 Balance sheet total 2023: € 2,250,102 ▼ 19% vs 2022 (€ 2,767,836) Unchanged	€ 2,063,152 Balance sheet total 2024: € 2,063,152 ▼ 8% vs 2023 (€ 2,250,102) Unchanged	€ 1,625,082 Balance sheet total 2025: € 1,625,082 ▼ 21% vs 2024 (€ 2,063,152) Unchanged	▼ 21%
Employees (FTE)	3 Employees (FTE) 2022: 3 First fiscal year in the series	18.6 Employees (FTE) 2023: 18.6 ▲ 15.6 vs 2022 (3) Unchanged	26 Employees (FTE) 2024: 26 ▲ 7.4 vs 2023 (18.6) Unchanged	-

Key figures of ASSOCIATED RETAIL, 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 ASSOCIATED RETAIL?

What happened at ASSOCIATED RETAIL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 9, 2026 New annual accounts for financial year 2025: profit of € 18,549. Source: NBB ↗
2024 Hereal BV became a director. NBB
Nov 15, 2021 New establishment in Nivelles. KBO
Jun 13, 1997 New establishment in Fleurus. KBO
Jan 30, 1975 Start of the company according to the CBE. KBO

In short

From € 49,231 profit in 2022 to € 18,549 profit in 2025.

Paid € 785 in corporate taxes since 2022.

Best year ever: 2022, with € 49,231 profit.

Pays suppliers within 20 days on average.

Original PDFs at the National Bank ↗

Management

HEREAL 100%

SOCIÉTÉ LOUIS DELHAIZE FINANCIÈRE ET DE PARTICIPATION 100%

Louis Delhaize - Compagnie franco-belge d'Alimentation 0%

The stake of HEREAL, SOCIÉTÉ LOUIS DELHAIZE FINANCIÈRE ET DE PARTICIPATION, Louis Delhaize - Compagnie franco-belge d'Alimentation comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

ASSOCIATED RETAIL

Behind ASSOCIATED RETAIL is Hereal BV. The shares are held by HEREAL (100%), SOCIÉTÉ LOUIS DELHAIZE FINANCIÈRE ET DE PARTICIPATION (100%) and Louis Delhaize - Compagnie franco-belge d'Alimentation (0%).

Directors

According to the 2025 annual accounts

Hereal BV

Director · represented by Stephan Lesage

Also active at: ECODEL, MARCINELLE IMMO, LESAGE - HUYSENTRUYT, DISTRILED LIÈGE, TOP TRADING, IMMO LESAGE-HUYSENTRUYT, Distriled Marche, DISTRILED HUY +5 more

since 2024

Shareholders

HEREAL

100%

SOCIÉTÉ LOUIS DELHAIZE FINANCIÈRE ET DE PARTICIPATION

100%

Louis Delhaize - Compagnie franco-belge d'Alimentation

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rue de l'Industrie 6

1400 Nivelles

2.011.029.734

Route de Gosselies(FL) 408

6220 Fleurus

Active since 13 June 1997

2.325.060.207

Rue de l'Industrie 6 - 8

1400 Nivelles

Active since 15 November 2021

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

MY AMERICAN SHOP

€ 25.9 million revenue · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0414.847.026

VAT number

BE 0414.847.026

Registered office

Rue de l'Industrie 6, 1400 Nivelles

Names & denominations

ASSOCIATED RETAIL

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

30 January 1975

Peppol

Active · Active since 8 Dec 2025

Activities · NACE

Opslag

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Overige vrachtbehandeling, exclusief in zeehavens

View on CBE Public ↗ Annual accounts (NBB) ↗

ASSOCIATED RETAIL

Financials

What happened to ASSOCIATED RETAIL?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions