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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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HABAY ROAD SERVICES from Habay, company number BE0874412141, closed financial year 2025 with a result of € 434,827 after tax. For that financial year HABAY ROAD SERVICES recorded a gross margin of € 2.7 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 286,601 to € 434,827. 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 August 10, 2026.
€ 1.7 million
▲ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 434,827
▲ 52% vs 2024
Profit after tax over the fiscal year.
€ 105,449
▼ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 57,620 paid out
13 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
30.3
▲ 4.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▲ 13% vs 2024
€ 53,900 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.
€ 322,887
▲ 52% vs 2024
Of which on lease € 110,003.
Debts at end 2025
€ 1.7 million
▼ 27% vs 2024
€ 249,911 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 271,063
▲ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 278,945
▼ 32% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,194,266 | € 2,325,724 | € 2,315,775 | € 2,703,128 | ▲ 17% |
| Profit after taxes | € 360,698 | € 282,507 | € 286,601 | € 434,827 | ▲ 52% |
| Equity | € 856,060 | € 1,077,294 | € 1,313,775 | € 1,690,982 | ▲ 29% |
| Total debts | € 3,717,066 | € 3,389,963 | € 3,189,844 | € 2,583,271 | ▼ 19% |
| Cash | € 128,568 | € 162,263 | € 377,212 | € 105,449 | ▼ 72% |
| Land & buildings | € 2,947,275 | € 2,979,822 | € 2,864,972 | € 2,784,112 | ▼ 3% |
| Retained profit | € 837,020 | € 1,058,254 | € 1,294,735 | € 1,671,942 | ▲ 29% |
| Dividend | € 257,219 | € 61,273 | € 50,120 | € 57,620 | ▲ 15% |
| Bank debt | € 2,682,056 | € 2,500,523 | € 2,313,559 | € 1,690,348 | ▼ 27% |
| Balance sheet total | € 4,573,126 | € 4,467,257 | € 4,503,619 | € 4,274,253 | ▼ 5% |
| Employees (FTE) | 26.1 | 25.5 | 25.5 | 30.3 | ▲ 4.8 |
Key figures of HABAY ROAD SERVICES, 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 HABAY ROAD SERVICES?
What happened at HABAY ROAD SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 434,827 (▲ 52% vs 2024). filed late Source: NBB ↗
- Michel NADIN became a director. NBB
- Cédric NADIN became a director. NBB
- New establishment in Habay. KBO
- Start of the company according to the CBE. KBO
- New establishment in Habay. KBO
In short
From € 360,698 profit in 2022 to € 434,827 profit in 2025.
Paid € 605,650 in corporate taxes since 2022.
Best year ever: 2025, with € 434,827 profit.
On average € 89,200 of value added per employee in 2025.
Management
Behind HABAY ROAD SERVICES are Michel NADIN and Cédric NADIN. Cédric NADIN is also behind OPTIMUS ROAD.
Directors
According to the 2025 annual accounts
Michel NADIN
Director
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Les Coeuvins SN
6720 Habay
Les Coeuvins 4
6720 Habay
Active since 6 June 2005
Route de Gérasa 1
6723 Habay
Active since 1 October 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0874.412.141
- VAT number
- BE 0874.412.141
- Registered office
- Les Coeuvins SN, 6720 Habay
- Names & denominations
- HABAY ROAD SERVICES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 June 2005
- Peppol
- Active · Active since 30 Oct 2025
- Activities · NACE
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