Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AG Stadsontwikkeling Hasselt from Hasselt, company number BE0864952958, closed financial year 2025 with a result of € 820,248 after tax. For that financial year AG Stadsontwikkeling Hasselt recorded a gross margin of € 6.4 million and equity of € 24.4 million. Compared with financial year 2024, the result moved from € 1.1 million to € 820,248. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 24.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 820,248
▼ 27% vs 2024
Profit after tax over the fiscal year.
€ 1.5 million
▼ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 820,248 paid out
100 % of the profit went to the shareholders, mostly to Stadsbestuur Hasselt (100 % of the shares). That is where the money ends up.
Debts at end 2025
€ 97.7 million
▼ 5% vs 2024
€ 5.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 344,321
▼ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 114,932
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 6,074,523 | € 5,996,271 | € 6,869,913 | € 6,443,547 | ▼ 6% |
| Profit after taxes | € 97,669 | € 29,689 | € 1,123,784 | € 820,248 | ▼ 27% |
| Equity | € 24,482,990 | € 24,410,122 | € 24,502,891 | € 24,420,221 | |
| Total debts | € 115,602,066 | € 109,755,125 | € 105,246,456 | € 99,149,661 | ▼ 6% |
| Cash | € 1,280,329 | € 1,242,321 | € 1,875,103 | € 1,478,093 | ▼ 21% |
| Land & buildings | € 119,116,888 | € 114,713,329 | € 110,572,313 | € 106,586,168 | ▼ 4% |
| Retained profit | € -200,603 | € -170,914 | € 24,413 | € 24,413 | |
| Dividend | € 0 | € 0 | € 928,457 | € 820,248 | ▼ 12% |
| Bank debt | € 114,379,712 | € 108,739,528 | € 103,084,513 | € 97,738,216 | ▼ 5% |
| Balance sheet total | € 140,085,056 | € 134,165,247 | € 129,749,347 | € 123,569,882 | ▼ 5% |
Key figures of AG Stadsontwikkeling Hasselt, 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 AG Stadsontwikkeling Hasselt?
What happened at AG Stadsontwikkeling Hasselt in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 820,248 (▼ 27% vs 2024). Source: NBB ↗
- Micheline Vandebergh became a director. NBB
- Habib El Ouakili became a director. NBB
- Frank Dewael became a director. NBB
- Tom Vandeput became a director. NBB
- Toon Vranken became a director. NBB
- Hilde Van der Goten became a director. NBB
- Karolien Mondelaers became a director. NBB
In short
From € 97,669 profit in 2022 to € 820,248 profit in 2025.
Paid € 6,924 in corporate taxes since 2022.
Best year ever: 2024, with € 1.1 million profit.
Paid out € 1.7 million in dividends to the owners in total.
A new publication or filing at AG Stadsontwikkeling Hasselt? We notify you, reason included.
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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
Behind AG Stadsontwikkeling Hasselt are Micheline Vandebergh, Habib El Ouakili, Frank Dewael, Tom Vandeput, Toon Vranken and Hilde Van der Goten. The shares are held by Stadsbestuur Hasselt (100%).
Directors
According to the 2025 annual accounts
Micheline Vandebergh
Director
since 2025
Habib El Ouakili
Director
since 2025
since 2025
Tom Vandeput
Director
Also active at: Vlaams-Japanse Golf & Businessclub Hasselt, LIMBURG DIEPENBEEK CAMPUS, Vereniging van de Vlaamse Provincies, Corda Campus, CORDA CAMPUS 2.0, DRONEPORT, LIMBURG STERK MERK, LIMBURG REGIONAL AIRPORT +1 more
since 2025
Toon Vranken
Director
since 2025
Hilde Van der Goten
Director
since 2025
Karolien Mondelaers
Vice-chairman of the board
Also active at: Cultuurcentrum Hasselt, Crematorium Hasselt, Z33
since 2025
Dirk Thoelen
Director
since 2025
since 2025
Carl Smeets
Director
since 2025
since 2025
Steven Vandeput
Chairman of the board
Also active at: ENGINEERING VOOR INTERIEUR- EN BOUWPROJECTEN, Crematorium Hasselt, Corda Campus, CORDA CAMPUS 2.0, s-Lim
since 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Limburgplein 1
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Stad Hasselt same network
Confrerie van de Hasseltse Jenever
SPORTPROMOTIE HASSELT
Crematorium Hasselt same network
€ 501,078 gross margin · 2025
HET KONINKLIJK FEESTCOMITE DER STAD HASSELT
+1 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
- 0864.952.958
- VAT number
- BE 0864.952.958
- Registered office
- Limburgplein 1, 3500 Hasselt
- Names & denominations
- AG Stadsontwikkeling Hasselt
- Enterprise type
- Rechtspersoon
- Legal form
- Autonoom gemeentebedrijf
- Legal situation
- Normale toestand
- Start date
- 1 January 2004
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- 011/239350
- Activities · NACE
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