What does Asfalia do?

Asfalia is an insurance broker in Waterloo. Private Limited, started on 8 September 2010, 1 establishment.

What is the address of Asfalia?

The registered office of Asfalia is located at Avenue du Château Rock 4, 1410 Waterloo.

Is Asfalia still active?

Yes. According to the CBE (29 October 2026) Asfalia is active, legal situation “Normale toestand”, started on 8 September 2010.

Is Asfalia registered on Peppol?

Yes, Asfalia is registered on the Peppol network with ID 0208:0829108587.

What is the enterprise number of Asfalia?

The enterprise number of Asfalia is BE0829108587.

When was Asfalia founded?

Asfalia was founded on 8 September 2010.

Who are the directors of Asfalia?

According to the 2025 annual accounts, the directors of Asfalia are: DAVID PANAGIOTIDIS.

Is Asfalia a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 8 September 2010; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did Asfalia make in 2025?

Asfalia posted a profit after taxes of € 35,837 in financial year 2025.

What is the revenue of Asfalia?

As a small company, Asfalia is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 331,526.

Asfalia (Private Limited) - Waterloo - BE0829108587

Dossier Asfalia, printed on 29 October 2026 from databakkes.be/en/0829108587/asfalia. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Asfalia from Waterloo, company number BE0829108587, closed financial year 2025 with a result of € 35,837 after tax. For that financial year Asfalia recorded a gross margin of € 331,526 and equity of € 223,430. Compared with financial year 2024, the result moved from € 26,095 to € 35,837. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2026.

What it is worth Growing

€ 223,430

▲ 19% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 35,837

▲ 37% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 37,394

▼ 35% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 182,948.

People and assets in 2025

Wage cost

€ 138,490

▼ 3% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 27,817

▲ 94% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 12 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 582,489

▼ 8% vs 2024

€ 48,012 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.

Owed to suppliers

€ 18,454

▲ 12% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 16,032

▼ 6% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 306,088 Gross margin 2022: € 306,088 First fiscal year in the series	€ 325,880 Gross margin 2023: € 325,880 ▲ 6% vs 2022 (€ 306,088) Favourable step	€ 299,706 Gross margin 2024: € 299,706 ▼ 8% vs 2023 (€ 325,880) Unfavourable step	€ 331,526 Gross margin 2025: € 331,526 ▲ 11% vs 2024 (€ 299,706) Favourable step	▲ 11%
Profit after taxes	€ 28,531 Profit after taxes 2022: € 28,531 First fiscal year in the series	€ 38,059 Profit after taxes 2023: € 38,059 ▲ 33% vs 2022 (€ 28,531) Favourable step	€ 26,095 Profit after taxes 2024: € 26,095 ▼ 31% vs 2023 (€ 38,059) Unfavourable step	€ 35,837 Profit after taxes 2025: € 35,837 ▲ 37% vs 2024 (€ 26,095) Favourable step	▲ 37%
Equity	€ 90,315 Equity 2022: € 90,315 First fiscal year in the series	€ 133,442 Equity 2023: € 133,442 ▲ 48% vs 2022 (€ 90,315) Favourable step	€ 187,593 Equity 2024: € 187,593 ▲ 41% vs 2023 (€ 133,442) Favourable step	€ 223,430 Equity 2025: € 223,430 ▲ 19% vs 2024 (€ 187,593) Favourable step	▲ 19%
Total debts	€ 791,252 Total debts 2022: € 791,252 First fiscal year in the series	€ 721,230 Total debts 2023: € 721,230 ▼ 9% vs 2022 (€ 791,252) Favourable step	€ 683,652 Total debts 2024: € 683,652 ▼ 5% vs 2023 (€ 721,230) Favourable step	€ 618,345 Total debts 2025: € 618,345 ▼ 10% vs 2024 (€ 683,652) Favourable step	▼ 10%
Cash	€ 19,862 Cash 2022: € 19,862 First fiscal year in the series	€ 26,456 Cash 2023: € 26,456 ▲ 33% vs 2022 (€ 19,862) Favourable step	€ 57,555 Cash 2024: € 57,555 ▲ 118% vs 2023 (€ 26,456) Favourable step	€ 37,394 Cash 2025: € 37,394 ▼ 35% vs 2024 (€ 57,555) Unfavourable step	▼ 35%
Land & buildings	€ 734,477 Land & buildings 2022: € 734,477 First fiscal year in the series	€ 719,746 Land & buildings 2023: € 719,746 ▼ 2% vs 2022 (€ 734,477) Unchanged	€ 689,840 Land & buildings 2024: € 689,840 ▼ 4% vs 2023 (€ 719,746) Unchanged	€ 659,934 Land & buildings 2025: € 659,934 ▼ 4% vs 2024 (€ 689,840) Unchanged	▼ 4%
Retained profit	€ 84,115 Retained profit 2022: € 84,115 First fiscal year in the series	€ 121,016 Retained profit 2023: € 121,016 ▲ 44% vs 2022 (€ 84,115) Favourable step	€ 147,111 Retained profit 2024: € 147,111 ▲ 22% vs 2023 (€ 121,016) Favourable step	€ 182,948 Retained profit 2025: € 182,948 ▲ 24% vs 2024 (€ 147,111) Favourable step	▲ 24%
Bank debt	€ 746,623 Bank debt 2022: € 746,623 First fiscal year in the series	€ 687,185 Bank debt 2023: € 687,185 ▼ 8% vs 2022 (€ 746,623) Favourable step	€ 635,456 Bank debt 2024: € 635,456 ▼ 8% vs 2023 (€ 687,185) Favourable step	€ 582,489 Bank debt 2025: € 582,489 ▼ 8% vs 2024 (€ 635,456) Favourable step	▼ 8%
Balance sheet total	€ 881,567 Balance sheet total 2022: € 881,567 First fiscal year in the series	€ 854,672 Balance sheet total 2023: € 854,672 ▼ 3% vs 2022 (€ 881,567) Unchanged	€ 871,245 Balance sheet total 2024: € 871,245 ▲ 2% vs 2023 (€ 854,672) Unchanged	€ 841,775 Balance sheet total 2025: € 841,775 ▼ 3% vs 2024 (€ 871,245) Unchanged	▼ 3%

Key figures of Asfalia, 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 Asfalia?

What happened at Asfalia in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 20, 2026 New annual accounts for financial year 2025: profit of € 35,837 (▲ 37% vs 2024). filed late Source: NBB ↗
Oct 1, 2010 New establishment in Waterloo. KBO
Sep 8, 2010 Start of the company according to the CBE. KBO

In short

From € 28,531 profit in 2022 to € 35,837 profit in 2025.

Paid € 64,146 in corporate taxes since 2022.

Best year ever: 2023, with € 38,059 profit.

Original PDFs at the National Bank ↗

Management

DAVID PANAGIOTIDIS

Asfalia

MAXAM

STYLEPHARMA

Behind Asfalia is DAVID PANAGIOTIDIS. DAVID PANAGIOTIDIS is also behind MAXAM and STYLEPHARMA.

Directors

According to the 2025 annual accounts

DAVID PANAGIOTIDIS

Manager

Also active at: MAXAM, STYLEPHARMA

Establishments

Establishment units

Physical locations of this company

Registered office

Avenue du Château Rock 4

1410 Waterloo

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0829.108.587
VAT number: BE 0829.108.587
Registered office: Avenue du Château Rock 4, 1410 Waterloo
Names & denominations: Asfalia
Enterprise type: Rechtspersoon
Legal form: Private limited company
Legal situation: Normale toestand
Start date: 8 September 2010
Peppol: Active · Active since 25 Nov 2025
Activities · NACE: Activiteiten van verzekeringsagenten en -makelaars

View on CBE Public ↗ Annual accounts (NBB) ↗