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 54.1 to 44.3.
Financials
Financial year 2025
ASB from Sankt Vith, company number BE0465393528, closed financial year 2025 with a result of € 40,729 after tax. For that financial year ASB recorded revenue of € 21.7 million and equity of € 5.3 million. Compared with financial year 2024, the result moved from € -536,513 to € 40,729. Profitable, and profit is growing. 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 July 7, 2026.
€ 5.3 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 40,729
▲ still € 536,513 loss in 2024
Profit after tax over the fiscal year.
€ 363,884
▼ 45% 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 € 5.1 million.
People and assets in 2025
44.3
▼ 5.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3 million
▼ 4% vs 2024
€ 67,300 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.
€ 1.3 million
▲ 7% vs 2024
Of which on lease € 84.
Debts at end 2025
€ 4 million
▼ 5% vs 2024
€ 798,584 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1 million
▲ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 21 days on average.
€ 506,638
▼ 11% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 33,122,185 | € 25,117,852 | € 23,259,391 | € 21,716,364 | ▼ 7% |
| Profit after taxes | € 1,078,406 | € -384,441 | € -536,513 | € 40,729 | ▲ € 577,242 |
| Equity | € 6,137,585 | € 5,742,095 | € 5,195,889 | € 5,279,282 | ▲ 2% |
| Total debts | € 7,358,071 | € 6,871,296 | € 6,987,545 | € 5,736,691 | ▼ 18% |
| Cash | € 490,955 | € 734,043 | € 662,349 | € 363,884 | ▼ 45% |
| Land & buildings | € 3,015,638 | € 3,085,702 | € 2,931,590 | € 2,811,868 | ▼ 4% |
| Retained profit | € 5,978,982 | € 5,594,542 | € 5,058,029 | € 5,098,758 | ▲ 1% |
| Dividend | € 1,066,500 | € 0 | € 0 | € 0 | |
| Bank debt | € 4,195,622 | € 3,971,434 | € 4,176,438 | € 3,958,795 | ▼ 5% |
| Balance sheet total | € 13,729,165 | € 12,614,189 | € 12,183,806 | € 11,015,973 | ▼ 10% |
| Employees (FTE) | 57 | 54.1 | 49.6 | 44.3 | ▼ 5.3 |
Key figures of ASB, 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 ASB?
What happened at ASB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 40,729. Source: NBB ↗
- BAUMA HC AG stepped down as director. NBB
- BAUMA HC AG became a director. NBB
- New establishment in Sankt Vith. KBO
- New establishment in Büllingen. KBO
- New establishment in Waimes. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2022 to € 40,729 profit in 2025.
Paid € 563,417 in corporate taxes since 2022.
Best year ever: 2022, with € 1.1 million profit.
Paid out € 1.1 million in dividends to the owners in total.
Management
The stake of BAUMA HC comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ASBThe shares are held by BAUMA HC (100%). It owns 5.2% of GEDINAM itself.
Directors
According to the 2025 annual accounts
Managing director · represented by HORST COHNEN
Also active at: GARAGE BURKARDT, BAUMA-STONE, Belstone
since 2020 · until 2026
Shareholders
100%
Participations
5.2%
Establishments
Establishment units
Physical locations of this company
Steinerberg 1
4780 Sankt Vith
Rue du Pré Louis,Sourbrodt 42
4950 Waimes
Active since 1 January 2010
Bahnhofstrasse 23
4760 Büllingen
Active since 1 January 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
INFOMANIAK-AS, CH
Domain
Domain
asb-mat.com
Registered
2017-12-28
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-12-28
Website info
Features
Security
Network
Details
- Company number
- 0465.393.528
- VAT number
- BE 0465.393.528
- Registered office
- Steinerberg 1, 4780 Sankt Vith
- Names & denominations
- ASB
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 March 1999
- Peppol
- Active · Active since 11 Sept 2025
- Contact
- asb-mat.com
- Activities · NACE
Groothandel in bouwmaterialen, algemeen assortiment
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Bouw van rioleringen