Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ADHerstal from Herstal, company number BE1005205159, closed financial year 2025 with a result of € -244,073 after tax. For that financial year ADHerstal recorded a gross margin of € 2 million and equity of € -432,930. Compared with financial year 2024, the result moved from € -238,857 to € -244,073. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 20, 2026.
€ -432,930
▼ € 244,073 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -244,073
▼ 2 % more loss than in 2024
Profit after tax over the fiscal year.
€ 581,689
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -482,930.
People and assets in 2025
€ 2.1 million
▲ 32% 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.
€ 11,484
▼ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 503,563
▼ 16% vs 2024
€ 97,962 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 996,091
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 261,254
▼ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 1,371,512 | € 1,956,019 | ▲ 43% |
| Profit after taxes | € -238,857 | € -244,073 | ▼ € 5,215 |
| Equity | € -188,857 | € -432,930 | ▼ € 244,073 |
| Total debts | € 2,133,925 | € 1,780,887 | ▼ 17% |
| Cash | € 1,149,476 | € 581,689 | ▼ 49% |
| Land & buildings | € 4,154 | € 3,728 | ▼ 10% |
| Retained profit | € -238,857 | € -482,930 | ▼ € 244,073 |
| Bank debt | € 597,250 | € 503,563 | ▼ 16% |
| Balance sheet total | € 1,945,068 | € 1,347,957 | ▼ 31% |
| Employees (FTE) | 36.7 | - |
Key figures of ADHerstal, fiscal years 2024 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 ADHerstal?
What happened at ADHerstal in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 244,073. Source: NBB ↗
- New establishment in Herstal. KBO
- Didier Desmet became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 238,857 loss in 2024 to € 244,073 loss in 2025.
Paid € 487 in corporate taxes since 2024.
On average € 37,400 of value added per employee in 2024.
A new publication or filing at ADHerstal? 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
Directors
According to the 2025 annual accounts
Didier Desmet
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Rue Basse Campagne 41
4040 Herstal
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.
Details
- Company number
- 1005.205.159
- VAT number
- BE 1005.205.159
- Registered office
- Rue Basse Campagne 41, 4040 Herstal
- Names & denominations
- ADHerstal
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 January 2024
- Peppol
- Active · Active since 13 Nov 2025
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)
Activiteiten van fotografen, met uitzondering van persfotografen
Overige fotografische activiteiten