Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
52 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Vinasphalt from Brussel, company number BE0432233186, closed financial year 2025 with a result of € 332,798 after tax. For that financial year Vinasphalt recorded revenue of € 12.8 million and equity of € 866,453. Compared with financial year 2024, the result moved from € 396,268 to € 332,798. 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 May 11, 2026.
€ 866,453
▲ 62% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 332,798
▼ 16% vs 2024
Profit after tax over the fiscal year.
€ 172,300
▲ 37% 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 € 460,863.
People and assets in 2025
5.8
Average over the fiscal year, from the social balance sheet.
€ 520,484
▲ 11% vs 2024
€ 89,700 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3.9 million
▲ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 124 days on average.
€ 73,613
▲ 60% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 16,311,536 | € 14,557,147 | € 12,172,602 | € 12,766,688 | ▲ 5% |
| Profit after taxes | € -1,053,410 | € 814,970 | € 396,268 | € 332,798 | ▼ 16% |
| Equity | € -677,583 | € 137,387 | € 533,655 | € 866,453 | ▲ 62% |
| Total debts | € 8,452,850 | € 3,098,872 | € 3,090,632 | € 4,016,118 | ▲ 30% |
| Cash | € 1,162,012 | € 644,124 | € 126,037 | € 172,300 | ▲ 37% |
| Retained profit | € -1,083,173 | € -268,203 | € 128,065 | € 460,863 | ▲ 260% |
| Balance sheet total | € 7,775,267 | € 3,236,259 | € 3,624,287 | € 4,882,571 | ▲ 35% |
| Employees (FTE) | 11.9 | 8.5 | 5.8 | 5.8 |
Key figures of Vinasphalt, 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 Vinasphalt?
What happened at Vinasphalt in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LO-Consult BV stepped down as director. NBB
- OBEX BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 332,798 (▼ 16% vs 2024). Source: NBB ↗
- LO-Consult BV became a director. NBB
- DESIRE STADSBADER NV stepped down as director. NBB
- OBEX BV became a director. NBB
- DESIRE STADSBADER NV became a director. NBB
- New establishment in Wanze. KBO
In short
From € 1.1 million loss in 2022 to € 332,798 profit in 2025.
Paid € 3,089 in corporate taxes since 2022.
Best year ever: 2023, with € 814,970 profit.
Pays suppliers within 124 days on average.
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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 STADSBADER CONTRACTORS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VinasphaltThe shares are held by STADSBADER CONTRACTORS (100%).
Directors
According to the 2025 annual accounts
Director · represented by Jan Folens
Also active at: BUREAU DE CONTROLE TECHNIQUE POUR LA CONSTRUCTION, STADSBADER CONTRACTORS, Stadsbader Rail, SECO BELGIUM
since 2025 · until 2031
Director · represented by Dominique Valcke
Owns 100% via STADSBADER CONTRACTORS
Also active at: VAN MAERCKE PREFAB, Bouw Georges Tanghe, STADSBADER, STADSBADER CONTRACTORS, STV - TRANS, STADSBADER ROUTE, Stadsbader Rail, VASTGOED INVEST +14 more
since 2022 · until 2025
Director · represented by Matthias Van Damme
Also active at: VAN MAERCKE PREFAB, ACAP, GAMA, STV - TRANS, STADSBADER ROUTE, ASK Romein, Recydem West, IB-MAT +3 more
since 2025 · until 2031
Shareholders
STADSBADER CONTRACTORS · holding of DESIRE STADSBADER NV
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Antoon van Osslaan 1 box 2
1120 Brussel
Rue Roua(VIN) 2+
4520 Wanze
Active since 18 December 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 52 companies are registered at this address.
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€ 624,727 gross margin · 2024
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€ 286 million revenue · 2025
Institut Belge de la Soudure - Belgisch Instituut voor Lastechniek
€ 552,151 gross margin · 2025
TRATON Financial Services Belgium
€ 16.1 million revenue · 2025
CENTRE DE PERFECTIONNEMENT DE SOUDEURS
€ 1.7 million gross margin · 2025
+47 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0432.233.186
- VAT number
- BE 0432.233.186
- Registered office
- Antoon van Osslaan 1 bus 2, 1120 Brussel
- Names & denominations
- Vinasphalt
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 October 1987
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
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