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 2.8 to 1.1.
Financials
Financial year 2025
Antwerp Welding Supply from Antwerpen, company number BE0423028777, closed financial year 2025 with a result of € -89,118 after tax. For that financial year Antwerp Welding Supply recorded a gross margin of € 173,431 and equity of € 1 million. Compared with financial year 2024, the result moved from € 1,969 to € -89,118. 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 August 27, 2026.
€ 1 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -89,118
▼ still € 1,969 profit in 2024
Profit after tax over the fiscal year.
€ 9,842
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 948,889.
People and assets in 2025
1.1
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 94,873
▼ 52% vs 2024
€ 86,200 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.
€ 19,145
▼ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 473,421
▼ 15% vs 2024
€ 83,910 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 51,315
▲ € 42,290 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,929
▼ 49% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 263,042 | € 138,280 | € 387,311 | € 173,431 | ▼ 55% |
| Profit after taxes | € -124,805 | € -315,724 | € 1,969 | € -89,118 | ▼ € 91,087 |
| Equity | € 1,413,762 | € 1,098,038 | € 1,100,007 | € 1,010,889 | ▼ 8% |
| Total debts | € 512,748 | € 751,549 | € 589,391 | € 538,319 | ▼ 9% |
| Cash | € 163,623 | € 4,445 | € 63,412 | € 9,842 | ▼ 84% |
| Land & buildings | € 86,245 | € 89,379 | € 93,413 | € 331,506 | ▲ 255% |
| Retained profit | € 1,351,762 | € 1,036,038 | € 1,038,007 | € 948,889 | ▼ 9% |
| Bank debt | € 454,254 | € 636,026 | € 555,576 | € 473,421 | ▼ 15% |
| Balance sheet total | € 1,926,509 | € 1,849,587 | € 1,689,399 | € 1,549,208 | ▼ 8% |
| Employees (FTE) | 3 | 2.8 | 2 | 1.1 | ▼ 0.9 |
Key figures of Antwerp Welding Supply, 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 Antwerp Welding Supply?
What happened at Antwerp Welding Supply in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PM Holding BV stepped down as director. NBB
- MV Management Solutions BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 89,118 (▼ € 91,087 vs 2024). filed late Source: NBB ↗
- Mike Verhaegen stepped down as director. NBB
- MV Management Solutions BV became a director. NBB
- PM Holding BV became a director. NBB
- Mike Verhaegen became a director. NBB
- New establishment in Antwerpen. KBO
In short
From € 124,805 loss in 2022 to € 89,118 loss in 2025.
Paid € 6,189 in corporate taxes since 2022.
Best year ever: 2024, with € 1,969 profit.
On average € 157,700 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
The stake of PM HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Antwerp Welding SupplyThe shares are held by PM HOLDING (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Peter Verhaegen
since 2021 · until 2030
since 2021 · until 2025
Director · represented by Mike Verhaegen
since 2025 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hulkstraat 22
2040 Antwerpen
Scheldelaan 421
2040 Antwerpen
Active since 20 October 1982
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
- 0423.028.777
- VAT number
- BE 0423.028.777
- Registered office
- Hulkstraat 22, 2040 Antwerpen
- Names & denominations
- Antwerp Welding Supply
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 October 1982
- Peppol
- Active · Active since 24 Oct 2025
- Activities · NACE
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