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 16.7 to 14.5.
Financials
Financial year 2025
ADDEV EUROBANDS from Anzegem, company number BE0421117679, closed financial year 2025 with a result of € 996,145 after tax. For that financial year ADDEV EUROBANDS recorded a gross margin of € 2.6 million and equity of € 2 million. Compared with financial year 2024, the result moved from € 950,212 to € 996,145. 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 June 23, 2026.
€ 2 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 996,145
▲ 5% vs 2024
Profit after tax over the fiscal year.
€ 531,837
▼ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 950,000 paid out
95 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
14.5
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 4% vs 2024
€ 85,000 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.
€ 34,380
▲ 110% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 294,362
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 319,613
▲ 59% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,677,680 | € 3,184,928 | € 2,708,099 | € 2,636,126 | ▼ 3% |
| Profit after taxes | € 1,078,115 | € 1,305,685 | € 950,212 | € 996,145 | ▲ 5% |
| Equity | € 2,686,854 | € 3,392,539 | € 1,992,751 | € 2,038,895 | ▲ 2% |
| Total debts | € 1,644,273 | € 900,197 | € 1,725,437 | € 1,866,975 | ▲ 8% |
| Cash | € 803,492 | € 919,599 | € 651,518 | € 531,837 | ▼ 18% |
| Land & buildings | € 376,623 | € 373,813 | € 374,294 | € 365,818 | ▼ 2% |
| Retained profit | € 2,609,480 | € 3,315,165 | € 1,915,377 | € 1,961,522 | ▲ 2% |
| Dividend | € 0 | € 600,000 | € 2,350,000 | € 950,000 | ▼ 60% |
| Bank debt | € 404,813 | € 3,963 | € 0 | € 0 | |
| Balance sheet total | € 4,331,127 | € 4,292,736 | € 3,718,188 | € 3,905,870 | ▲ 5% |
| Employees (FTE) | 15.1 | 16.7 | 15.8 | 14.5 | ▼ 1.3 |
Key figures of ADDEV EUROBANDS, 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 ADDEV EUROBANDS?
What happened at ADDEV EUROBANDS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Cyril Frances stepped down as director. NBB
- PASCAL NADOBNY stepped down as director. NBB
- Jo Cornelus stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 996,145 (▲ 5% vs 2024). Source: NBB ↗
- Cyril Frances became a director. NBB
- Herman Hogg stepped down as director. NBB
- Herman Hogg became a director. NBB
- Jo Cornelus became a director. NBB
In short
From € 1.1 million profit in 2022 to € 996,145 profit in 2025.
Paid € 1.5 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.3 million profit.
On average € 181,800 of value added per employee in 2025.
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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
Directors
According to the 2025 annual accounts
Herman Hogg
Director
since 2023 · until 2025
PASCAL NADOBNY
Managing director
since 2015 · until 2028
Cyril Frances
Director
since 2025 · until 2030
Jo Cornelus
dagelijks bestuur
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Huttegem 6
8570 Anzegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.117.679
- VAT number
- BE 0421.117.679
- Registered office
- Huttegem 6, 8570 Anzegem
- Names & denominations
- ADDEV EUROBANDS · Eurobands
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 1980
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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