Financials
Financial year 2025
Hagelstein et Co from Aywaille, company number BE0424299576, closed financial year 2025 with a result of € 8,276 after tax. For that financial year Hagelstein et Co recorded a gross margin of € 226,022 and equity of € 300,629. Compared with financial year 2024, the result moved from € 54,733 to € 8,276. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2026.
€ 300,629
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,276
▼ 85% vs 2024
Profit after tax over the fiscal year.
€ 338,844
▲ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 238,629.
People and assets in 2025
4.6
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 180,178
▼ 6% vs 2024
€ 39,200 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.
€ 3,273
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 330,297
▲ 34% vs 2024
€ 24,075 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 508,585
▲ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 47,392
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 230,180 | € 386,035 | € 298,007 | € 226,022 | ▼ 24% |
| Profit after taxes | € 26,560 | € 92,320 | € 54,733 | € 8,276 | ▼ 85% |
| Equity | € 145,300 | € 237,620 | € 292,353 | € 300,629 | ▲ 3% |
| Total debts | € 1,606,418 | € 1,425,670 | € 750,254 | € 893,674 | ▲ 19% |
| Cash | € 167,405 | € 251,766 | € 317,785 | € 338,844 | ▲ 7% |
| Retained profit | € 83,300 | € 175,620 | € 230,353 | € 238,629 | ▲ 4% |
| Bank debt | € 285,705 | € 244,375 | € 247,017 | € 330,297 | ▲ 34% |
| Balance sheet total | € 1,751,718 | € 1,663,290 | € 1,042,607 | € 1,194,304 | ▲ 15% |
| Employees (FTE) | 4.4 | 5 | 3.9 | 4.6 | ▲ 0.7 |
Key figures of Hagelstein et Co, 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 Hagelstein et Co?
What happened at Hagelstein et Co in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Catherine BELOT stepped down as director. NBB
- Philippe HAGELSTEIN stepped down as director. NBB
- Stephan RUIMI stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 8,276 (▼ 85% vs 2024). filed late Source: NBB ↗
- Catherine BELOT became a director. NBB
- Philippe HAGELSTEIN became a director. NBB
- Stephan RUIMI became a director. NBB
- New establishment in Waterloo. KBO
In short
From € 26,560 profit in 2022 to € 8,276 profit in 2025.
Paid € 3,944 in corporate taxes since 2022.
Best year ever: 2023, with € 92,320 profit.
On average € 49,100 of value added per employee in 2025.
Management
The stake of HELIOS IMMOBILIERE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Hagelstein et CoThe shares are held by HELIOS IMMOBILIERE (4.2%).
Directors
According to the 2025 annual accounts
Catherine BELOT
Director
since 2023 · until 2029
Philippe HAGELSTEIN
Managing director
Also active at: GIGATOP ou GIGATOUR ou GIGATOUR VOYAGES ou GIGATOUR TRAVEL
since 2023 · until 2029
Stephan RUIMI
Director
since 2023 · until 2029
Shareholders
4.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Alphonse Gilles 6
4920 Aywaille
Rue des Récollets(VIS) 65
4600 Visé
Active since 18 April 1997
Rue César de Paepe 5
4630 Soumagne
Active since 18 April 1997
Rue des Viaducs(N) 227
7020 Mons
Active since 8 April 1997
Rue de Nivelles 9
1440 Braine-le-Château
Active since 29 April 1997
Rue de l'Athénée(TOU) 25
7500 Tournai
Active since 7 April 1997
Rue de l'Eglise 24
4840 Welkenraedt
Active since 10 April 1997
Rue du Sart-Tilman CHU
4031 Liège
Active since 17 December 2002
Rue de la Tannerie 14
4960 Malmedy
Active since 1 January 2013
Voie de l'Air Pur 155
4052 Chaudfontaine
Active since 1 January 2018
Rue Libert (François) 14
1410 Waterloo
Active since 1 May 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0424.299.576
- VAT number
- BE 0424.299.576
- Registered office
- Rue Alphonse Gilles 6, 4920 Aywaille
- Names & denominations
- Hagelstein et Co
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 April 1983
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected] 02/640.38.33
- Activities · NACE
Activiteiten van reisbureaus
Reisbureaus