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 145.8 to 114.9.
Financials
Financial year 2025
Ashland Specialties Belgium from Beveren-Kruibeke-Zwijndrecht, company number BE0464974844, closed financial year 2025 with a result of € 2.4 million after tax. For that financial year Ashland Specialties Belgium recorded revenue of € 19.6 million and equity of € 80.9 million. Compared with financial year 2024, the result moved from € 3.2 million to € 2.4 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 14, 2026.
€ 80.9 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.4 million
▼ 25% vs 2024
Profit after tax over the fiscal year.
€ 36,051
▼ 44% 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 € 65.5 million.
People and assets in 2025
114.9
▼ 28.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 31.4 million
▲ 43% vs 2024
€ 273,400 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.
€ 291,962
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 92,156
Loans from banks and other lenders, long and short.
€ 7.3 million
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 82 days on average.
€ 4.3 million
▼ 29% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 18,324,583 | € 12,988,608 | € 16,838,431 | € 19,586,961 | ▲ 16% |
| Profit after taxes | € 2,108,964 | € 6,215,501 | € 3,199,887 | € 2,402,675 | ▼ 25% |
| Equity | € 69,268,156 | € 75,430,178 | € 78,576,586 | € 80,925,782 | ▲ 3% |
| Total debts | € 20,323,991 | € 18,967,168 | € 18,466,003 | € 12,070,494 | ▼ 35% |
| Cash | € 216,831 | € 106,127 | € 64,856 | € 36,051 | ▼ 44% |
| Land & buildings | € 7,326,916 | € 7,273,810 | € 6,234,078 | € 12,899,826 | ▲ 107% |
| Retained profit | € 53,652,373 | € 59,867,874 | € 63,067,761 | € 65,470,436 | ▲ 4% |
| Bank debt | € 92,156 | € 92,156 | € 92,156 | € 92,156 | |
| Balance sheet total | € 91,745,606 | € 96,545,921 | € 112,405,096 | € 94,900,467 | ▼ 16% |
| Employees (FTE) | 140.4 | 145.8 | 143.5 | 114.9 | ▼ 28.6 |
Key figures of Ashland Specialties 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 30 April 2027.
What happened to Ashland Specialties Belgium?
What happened at Ashland Specialties Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Dingeman Van Der Heiden stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.4 million (▼ 25% vs 2024). Source: NBB ↗
- Dingeman Van Der Heiden became a director. NBB
- Kevin Daniel Higgins became a director. NBB
- Erik Van Hove became a director. NBB
- New establishment in Beveren-Kruibeke-Zwijndrecht. KBO
- Start of the company according to the CBE. KBO
- New establishment in Beringen. KBO
In short
From € 2.1 million profit in 2022 to € 2.4 million profit in 2025.
Paid € 3.8 million in corporate taxes since 2022.
Best year ever: 2023, with € 6.2 million profit.
Pays suppliers within 82 days on average.
A new publication or filing at Ashland Specialties Belgium? We notify you, reason included.
Follow Ashland Specialties BelgiumDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
Behind Ashland Specialties Belgium are Erik Van Hove and Kevin Daniel Higgins. The shares are held by Ashland Industries Nederland BV (0%) and Hercules Holding BV (0%).
Directors
According to the 2025 annual accounts
Erik Van Hove
Director
since 2011
Kevin Daniel Higgins
Director
since 2016
since 2021 · until 2027
Shareholders
Ashland Industries Nederland BV
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Geslecht(KAL) 2
9130 Beveren-Kruibeke-Zwijndrecht
Industrieweg 150
3583 Beringen
Active since 10 February 1995
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0464.974.844
- VAT number
- BE 0464.974.844
- Registered office
- Geslecht(KAL) 2, 9130 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- Ashland Specialties Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 1998
- Peppol
- Active · Active since 30 Jan 2026
- Activities · NACE
Vervaardiging van kunststoffen in primaire vormen
Vervaardiging van andere chemische producten, neg
Vervaardiging van overige chemische producten
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering