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.
Financials
Financial year 2025
Baspo Works from Hasselt, company number BE0421004645, closed financial year 2025 with a result of € -80,212 after tax. For that financial year Baspo Works recorded a gross margin of € 94,692 and equity of € 443,094. Compared with financial year 2024, the result moved from € -114,914 to € -80,212. 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 27, 2026.
€ 443,094
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -80,212
▲ 30 % less loss than in 2024
Profit after tax over the fiscal year.
€ 99,799
▲ € 74,978 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 381,094.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 51,566
▼ 2% vs 2024
€ 51,600 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.
€ 2,425
▼ 91% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 211,250
▼ 14% vs 2024
Loans from banks and other lenders, long and short.
€ 71,621
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,593
▲ 114% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 341,623 | € 519,586 | € 25,881 | € 94,692 | ▲ 266% |
| Profit after taxes | € 125,104 | € 360,577 | € -114,914 | € -80,212 | ▲ € 34,702 |
| Equity | € 617,644 | € 638,220 | € 523,306 | € 443,094 | ▼ 15% |
| Total debts | € 2,449,604 | € 883,451 | € 504,916 | € 460,085 | ▼ 9% |
| Cash | € 19,969 | € 4,340 | € 24,820 | € 99,799 | ▲ € 74,978 |
| Land & buildings | € 1,602,754 | € 129,955 | - | - | |
| Retained profit | € 555,644 | € 576,220 | € 461,306 | € 381,094 | ▼ 17% |
| Dividend | € 0 | € 340,000 | € 0 | € 0 | |
| Bank debt | € 1,467,274 | € 506,164 | € 245,000 | € 211,250 | ▼ 14% |
| Balance sheet total | € 3,194,750 | € 1,596,672 | € 1,103,222 | € 978,180 | ▼ 11% |
| Employees (FTE) | 0.8 | 1 | 1 | 1 |
Key figures of Baspo Works, 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 Baspo Works?
What happened at Baspo Works in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PhS Advice Comm.V stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 80,212. Source: NBB ↗
- PhS Advice Comm.V became a director. NBB
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 125,104 profit in 2022 to € 80,212 loss in 2025.
Paid € 1,210 in corporate taxes since 2022.
Best year ever: 2023, with € 360,577 profit.
On average € 94,700 of value added per employee in 2025.
A new publication or filing at Baspo Works? We notify you, reason included.
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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 stake of Vinci comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Baspo WorksThe shares are held by Vinci (99.8%).
Directors
According to the 2025 annual accounts
since 2022 · until 2028
Shareholders
99.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Winterstraat 25
3500 Hasselt
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.004.645
- VAT number
- BE 0421.004.645
- Registered office
- Winterstraat 25, 3500 Hasselt
- Names & denominations
- Baspo Works
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 December 1980
- Peppol
- Active · Active since 15 Sept 2025
- Activities · NACE
Verspanend bewerken van metalen
Groothandel in gereedschapswerktuigen
Groothandel in onderdelen en accessoires van auto's
Detailhandel in elektrische huishoudapparaten
Vervaardiging van metalen constructiewerken en delen daarvan
Groothandel in reinigingsmiddelen
Groothandel in delen en toebehoren van motorvoertuigen
Groothandel in elektrisch materiaal, inclusief installatiemateriaal
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