Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
ASBO from Antwerpen, company number BE0458131889, closed financial year 2025 with a result of € 97,750 after tax. For that financial year ASBO recorded a gross margin of € 1.4 million and equity of € -314,099. Compared with financial year 2024, the result moved from € 58,417 to € 97,750. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ -314,099
▲ € 97,750 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 97,750
▲ 67% vs 2024
Profit after tax over the fiscal year.
€ 445,530
▲ 40% 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 € -860,099.
People and assets in 2025
17.4
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 10% vs 2024
€ 71,300 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
€ 750,000
▼ 25% vs 2024
Loans from banks and other lenders, long and short.
€ 110,905
▲ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 249,589
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,359,030 | € 1,339,010 | € 1,255,415 | € 1,385,581 | ▲ 10% |
| Profit after taxes | € 137,777 | € 90,046 | € 58,417 | € 97,750 | ▲ 67% |
| Equity | € -560,313 | € -470,267 | € -411,850 | € -314,099 | ▲ € 97,750 |
| Total debts | € 1,480,115 | € 1,537,753 | € 1,287,554 | € 1,110,493 | ▼ 14% |
| Cash | € 115,921 | € 200,261 | € 317,489 | € 445,530 | ▲ 40% |
| Land & buildings | € 37,660 | € 31,312 | € 24,963 | € 18,642 | ▼ 25% |
| Retained profit | € -1,106,313 | € -1,016,267 | € -957,850 | € -860,099 | ▲ € 97,750 |
| Bank debt | € 1,100,000 | € 1,100,000 | € 1,000,000 | € 750,000 | ▼ 25% |
| Balance sheet total | € 919,802 | € 1,067,486 | € 875,704 | € 796,394 | ▼ 9% |
| Employees (FTE) | 20.1 | 17 | 16 | 17.4 | ▲ 1.4 |
Key figures of ASBO, 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 ASBO?
What happened at ASBO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Brecht Cools stepped down as director. NBB
- D-Consult BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 97,750 (▲ 67% vs 2024). Source: NBB ↗
- Brecht Cools became a director. NBB
- D-Consult BV became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 137,777 profit in 2022 to € 97,750 profit in 2025.
Best year ever: 2022, with € 137,777 profit.
On average € 79,600 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 IKO NV comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ASBOThe shares are held by IKO NV (100%).
Directors
According to the 2025 annual accounts
Brecht Cools
Director
since 2026 · until 2031
Managing director · represented by Dirk Theuns
Also active at: Compagnie Générale des Asphaltes, STEYLAERTS, T-invest, IKO EUROPE, ZEPHET
since 2024 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
D'Herbouvillekaai 80
2020 Antwerpen
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
- 0458.131.889
- VAT number
- BE 0458.131.889
- Registered office
- D'Herbouvillekaai 80, 2020 Antwerpen
- Names & denominations
- ASBO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 June 1996
- Peppol
- Active · Active since 21 Dec 2025
- Activities · NACE
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