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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Busy address KBO
83 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
Neptune Coatings from Elsene, company number BE0478488726, closed financial year 2024 with a result of € 103,260 after tax. For that financial year Neptune Coatings recorded a gross margin of € 293,900 and equity of € 125,846. Compared with financial year 2023, the result moved from € 103,706 to € 103,260. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 19, 2025.
€ 125,846
▲ € 103,260 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 103,260
Profit after tax over the fiscal year.
€ 138,070
▼ 50% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -59,154.
People and assets in 2024
1.6
▲ 0.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 72,097
▲ 66% vs 2023
€ 45,100 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.
€ 9,208
▲ 24% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 500,000
Loans from banks and other lenders, long and short.
€ 1.5 million
▲ 32% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 23,771
▲ 7% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 111,491 | € 155,240 | € 186,738 | € 293,900 | ▲ 57% |
| Profit after taxes | € 80,685 | € 62,667 | € 103,706 | € 103,260 | |
| Equity | € -143,787 | € -81,120 | € 22,586 | € 125,846 | ▲ € 103,260 |
| Total debts | € 1,495,903 | € 1,628,999 | € 1,742,299 | € 2,053,365 | ▲ 18% |
| Cash | € 158,981 | € 220,333 | € 276,226 | € 138,070 | ▼ 50% |
| Retained profit | € -328,787 | € -266,120 | € -162,414 | € -59,154 | ▲ € 103,260 |
| Bank debt | € 500,000 | € 500,000 | € 500,000 | € 500,000 | |
| Balance sheet total | € 1,352,116 | € 1,547,879 | € 1,764,886 | € 2,179,212 | ▲ 23% |
| Employees (FTE) | 1 | 0.7 | 1 | 1.6 | ▲ 0.6 |
Key figures of Neptune Coatings, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Neptune Coatings?
What happened at Neptune Coatings in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 103,260. Source: NBB ↗
- HRAIR BABIKIAN stepped down as director. NBB
- ARDA MAKINADJIAN stepped down as director. NBB
- HRAIR BABIKIAN became a director. NBB
- ARDA MAKINADJIAN became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 80,685 profit in 2021 to € 103,260 profit in 2024.
Paid € 20,764 in corporate taxes since 2021.
Best year ever: 2023, with € 103,706 profit.
On average € 183,700 of value added per employee in 2024.
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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 NEPTUNE COATINGS INTERNATIONAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Neptune CoatingsThe shares are held by NEPTUNE COATINGS INTERNATIONAL (95%).
Directors
According to the 2024 annual accounts
since 2019 · until 2025
since 2019 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 390
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 83 companies are registered at this address.
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€ -1,509 gross margin · 2025
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€ 12,242 gross margin · 2025
I P A C
+78 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
- 0478.488.726
- VAT number
- BE 0478.488.726
- Registered office
- Louizalaan 390, 1050 Elsene
- Names & denominations
- Neptune Coatings
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 October 2002
- Peppol
- Active · Active since 14 Nov 2025
- Activities · NACE
Detailhandel in overige bouwmaterialen, neg
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Groothandel in chemische producten voor industrieel gebruik
Groothandel in bouwmaterialen, algemeen assortiment