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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Figures corrected NBB
Corrected annual account filed for 2022, 2024.
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Busy address KBO
90 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
AS 24 - BELGIUM from Brussel, company number BE0437971826, closed financial year 2025 with a result of € 15 million after tax. For that financial year AS 24 - BELGIUM recorded revenue of € 567.5 million and equity of € 71,500. Compared with financial year 2024, the result moved from € 13.6 million to € 15 million. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ 71,500
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 15 million
▲ 11% vs 2024
Profit after tax over the fiscal year.
€ 42,530
▲ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 15 million paid out
100 % of the profit went to the shareholders, mostly to GRAMA GROUP (100 % of the shares). That is where the money ends up.
People and assets in 2025
26.1
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.9 million
▲ 9% vs 2024
€ 112,200 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.
€ 21,299
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 10.5 million
▼ 53% vs 2024
Loans from banks and other lenders, long and short.
€ 36.5 million
▲ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 25 days on average.
€ 1.1 million
▲ 36% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 565,902,712 | € 596,672,792 | € 557,528,404 | € 567,543,543 | ▲ 2% |
| Profit after taxes | € 8,279,302 | € 11,739,665 | € 13,589,259 | € 15,025,992 | ▲ 11% |
| Equity | € 71,500 | € 71,500 | € 71,500 | € 71,500 | |
| Total debts | € 61,830,511 | € 66,066,159 | € 68,315,618 | € 64,804,430 | ▼ 5% |
| Cash | - | - | € 25,832 | € 42,530 | ▲ 65% |
| Land & buildings | € 1,866,912 | € 1,866,912 | € 1,866,912 | € 1,866,912 | |
| Retained profit | € 6,500 | € 6,500 | € 6,500 | € 6,500 | |
| Dividend | € 8,279,302 | € 11,739,665 | € 13,530,517 | € 15,025,992 | ▲ 11% |
| Bank debt | € 23,845,170 | € 19,210,871 | € 22,225,782 | € 10,465,332 | ▼ 53% |
| Balance sheet total | € 62,350,460 | € 66,716,107 | € 68,683,309 | € 65,191,615 | ▼ 5% |
| Employees (FTE) | 21.7 | 23.4 | 25.8 | 26.1 | ▲ 0.3 |
Key figures of AS 24 - BELGIUM, 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 AS 24 - BELGIUM?
What happened at AS 24 - BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 15 million (▲ 11% vs 2024). Source: NBB ↗
- Nicolas Moragues became a director. NBB
- Philippe Callejon stepped down as director. NBB
- Philippe Callejon became a director. NBB
- New establishment in Namur. KBO
- New establishment in La Louvière. KBO
- New establishment in Hoogstraten. KBO
- New establishment in Brugge. KBO
In short
From € 8.3 million profit in 2022 to € 15 million profit in 2025.
Paid € 16.5 million in corporate taxes since 2022.
Best year ever: 2025, with € 15 million profit.
Paid out € 48.6 million in dividends to the owners in total.
A new publication or filing at AS 24 - BELGIUM? 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 GRAMA GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AS 24 - BELGIUMBehind AS 24 - BELGIUM are Nicolas Moragues, Neil Vanderlinden and Bruno Leroy. The shares are held by GRAMA GROUP (100%).
Directors
According to the 2025 annual accounts
Nicolas Moragues
Managing director
since 2025
Neil Vanderlinden
Managing director
since 2022
Bruno Leroy
Managing director
since 2022
Philippe Callejon
Managing director
since 2024 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Anspachlaan 1 box 2
1000 Brussel
Goteborgweg 2
2030 Antwerpen
Active since 25 June 1997
Noordzeestraat
8380 Brugge
Active since 19 October 1998
Boulevard de la Technicité(H-G) 12
7110 La Louvière
Active since 4 June 2002
Stokstraat(KRU) 20
9770 Kruisem
Active since 12 July 2002
Rue du Serpolet (MAR) -
7522 Tournai
Active since 28 May 2002
Atealaan(HRT) 14
2200 Herentals
Active since 19 October 2001
Industriestrasse 23
4700 Eupen
Active since 29 May 2002
Rue Nicolas Darche ZN
5660 Couvin
Active since 25 August 2006
Scheepstraat(M) 2
3630 Maasmechelen
Active since 1 February 2021
Vosseschijnstraat 31
2030 Antwerpen
Active since 11 December 2009
Dijkstraat 14
9160 Lokeren
Active since 6 December 2007
Oostzeestraat 7
8380 Brugge
Active since 20 June 2022
Amsterdamstraat 7
2321 Hoogstraten
Active since 1 June 2023
Les Coeuvins 5b
6720 Habay
Active since 13 July 2021
Horzelenstraat 4
2300 Turnhout
Active since 20 March 2015
Centrum-Zuid 1402
3530 Houthalen-Helchteren
Active since 23 February 2009
Nouvelle Route de Suarlée(RH) 4B
5020 Namur
Active since 29 August 2024
Boulevard Millenium(H-G) 4
7110 La Louvière
Active since 18 April 2024
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.971.826
- VAT number
- BE 0437.971.826
- Registered office
- Anspachlaan 1 bus 2, 1000 Brussel
- Names & denominations
- AS 24 - BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 July 1989
- Peppol
- Active · Active since 14 Nov 2025
- Activities · NACE
Groothandel in vaste, vloeibare en gasvormige brandstoffen en aanverwante producten