ACTIVE

Vinasphalt

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

332,8 k €

-16.0% YoY

Revenue

12,8 M €

+4.9% YoY

Equity

866,5 k €

+62.4% YoY

Workforce

5,8 ETP

0.0% YoY

What does Vinasphalt do?

Vinasphalt is a Public limited company incorporated in 1987. Its main activity is: Manufacture of other non-metallic mineral products n.e.c.. Its registered office is in Bruxelles. It employs on average 5,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.233.186

Incorporation

14/10/1987

Legal form

Public limited company

Registered office

Avenue Antoon van Oss 1 box 2
1120 Bruxelles · BruxellesSee on map

Contributed capital

405 589,79 €

Latest accounts

31/12/2025

Average workforce

5,8 ETP

Activities (NACE)

23990Manufacture of other non-metallic mineral products n.e.c.· main 23990Manufacture of other non-metallic mineral products n.e.c.

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	12,8 M €	+4.9%	12,2 M €	-16.4%	14,6 M €	-10.8%	16,3 M €	+1.9%	16 M €	+484%	2,7 M €	-54.3%	6 M €	-42.6%	10,4 M €	+38.8%	7,5 M €	+166%	2,8 M €	-38.4%	4,6 M €	-46.9%	8,6 M €	-21.6%	11 M €	+10.2%	10 M €	-15.5%	11,8 M €	+128%	5,2 M €	+808%	571,3 k €	-57.1%	1,3 M €	-20.3%	1,7 M €	+12.3%	1,5 M €
EBITDA	466,7 k €	-1.0%	471,4 k €	-60.6%	1,2 M €	+307%	-578,5 k €	-284%	315,1 k €	+167%	-470,7 k €	-663%	83,5 k €	-90.9%	918,6 k €	-5.7%	974,1 k €	+305%	240,8 k €	+20.6%	199,7 k €	-70.6%	680,4 k €	-12.3%	775,5 k €	-29.0%	1,1 M €	+9.2%	999,6 k €	+236%	297,4 k €	+590%	-60,7 k €	-127%	225,9 k €	-55.2%	503,7 k €	+47.6%	341,1 k €
Operating result	323,1 k €	-19.7%	402,2 k €	-55.9%	912,6 k €	+190%	-1 M €	-1373%	-68,9 k €	+86.1%	-496 k €	-1164%	46,6 k €	-94.6%	865 k €	+39.7%	619,1 k €	+239%	-445,3 k €	+7.6%	-482,1 k €	-1931%	26,3 k €	-78.9%	125 k €	-70.7%	426,3 k €	+29.2%	330 k €	+327%	-145,1 k €	+29.7%	-206,6 k €	-1081%	-17,5 k €	-108%	209,7 k €	+117%	96,8 k €
Net result	332,8 k €	-16.0%	396,3 k €	-51.4%	815 k €	+177%	-1,1 M €	-1383%	-71 k €	+85.7%	-495,3 k €	-2762%	18,6 k €	-97.6%	764,2 k €	+23.1%	620,9 k €	+238%	-448,6 k €	+12.6%	-513,3 k €	-1240%	-38,3 k €	-234%	28,5 k €	-90.5%	299,1 k €	+75.8%	170,1 k €	+161%	-277,8 k €	-338%	117 k €	+859%	12,2 k €	-90.6%	129,4 k €	+115%	60,3 k €
Balance sheet
Equity	866,5 k €	+62.4%	533,7 k €	+288%	137,4 k €	+120%	-677,6 k €	-280%	375,8 k €	-15.9%	446,8 k €	-75.0%	1,8 M €	+1.1%	1,8 M €	+76.0%	1 M €	+154%	396,1 k €	-55.0%	880,3 k €	-38.4%	1,4 M €	-4.9%	1,5 M €	-0.5%	1,5 M €	+21.1%	1,2 M €	+12.1%	1,1 M €	+25.1%	889,2 k €	+15.1%	772,2 k €	+1.6%	760,1 k €	+20.5%	630,6 k €
Total assets	4,9 M €	+34.7%	3,6 M €	+12.0%	3,2 M €	-58.4%	7,8 M €	+43.7%	5,4 M €	+26.1%	4,3 M €	+44.5%	3 M €	-26.8%	4,1 M €	+45.7%	2,8 M €	+44.0%	1,9 M €	-33.1%	2,9 M €	-32.8%	4,3 M €	-9.6%	4,8 M €	-19.0%	5,9 M €	-10.1%	6,5 M €	+6.7%	6,1 M €	+554%	935,2 k €	-15.7%	1,1 M €	-40.3%	1,9 M €	+3.8%	1,8 M €
Cash	172,3 k €	+36.7%	126 k €	-80.4%	644,1 k €	-44.6%	1,2 M €	+15.3%	1 M €	+671%	130,7 k €	-90.2%	1,3 M €	+1345%	92,4 k €	-66.7%	277,6 k €	+138%	116,7 k €	+167%	43,7 k €	-58.8%	106,1 k €	+80.4%	58,8 k €	-32.8%	87,5 k €	+110%	41,7 k €	-58.2%	99,7 k €	-85.9%	704,7 k €	+2822%	24,1 k €	-55.5%	54,2 k €	+167%	20,3 k €
Debts	4 M €	+30.6%	3,1 M €	-0.1%	3,1 M €	-63.4%	8,4 M €	+67.2%	5 M €	+31.0%	3,8 M €	+227%	1,2 M €	-47.5%	2,2 M €	+28.0%	1,7 M €	+17.4%	1,5 M €	-23.1%	1,9 M €	-30.9%	2,8 M €	-13.7%	3,2 M €	-25.5%	4,4 M €	-17.4%	5,3 M €	+5.6%	5 M €	+10761%	46 k €	-86.4%	337,6 k €	-69.3%	1,1 M €	-5.2%	1,2 M €
Other
Workforce	5,8 ETP	0.0%	5,8 ETP	-31.8%	8,5 ETP	-28.6%	11,9 ETP	-23.2%	15,5 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 56 ended

Active mandates

Lo-Consult

Director · since 16 octobre 2025 · until 16 octobre 2031 · 0669.520.625

Represented by Jan Folens

Active

OBEX

Director · since 16 octobre 2025 · until 16 octobre 2031 · 0726.859.503

Represented by Matthias Van Damme

Active

DESIRE STADSBADER

Director · since 03 mai 2022 · until 16 octobre 2025 · 0432.759.065

Represented by Dominique Valcke

Active

Ended mandates

VERMEC

Director · since 22 août 2022 · until 30 juin 2023 · 0473.749.780

Represented by Michel Verhaeren

Ended

VERMEC

Director · since 22 août 2022 · until 18 décembre 2026 · 0473.749.780

Represented by Michel Verhaeren

Ended

DESIRE STADSBADER

Director · since 03 mai 2022 · until 18 décembre 2026 · 0432.759.065

Represented by Dominique Valcke

Ended

DESIRE STADSBADER

Director · since 03 mai 2022 · until 18 décembre 2026 · 0432.759.065

Represented by Dominique Valcke

Ended

At this address

Other companies at this address

Company	CBE no.
Association belge du Soudage - Belgische Vereniging voor Lastechniek● Active	0449.506.611
BAM Contractors-CSM● Active	0781.699.640
BAM Contractors-VBSC● Active	0783.419.510
BCO-Bam Infra Rail – Bovenleiding Hasselt● Active	0767.404.315
BELGOMEALS● Active	0543.789.423
BUZZZ● Active	0461.727.720
cityline● Active	0887.378.665
COLAS BELGIUM● Active	0434.888.612
De Kompanie● Active	0671.717.872
ELI REAL ESTATE● Active	0479.709.738
Erinion● Active	1025.544.277
european federation for welding joining and cutting● Active	0451.889.445
EUROPEAN HALAL FOOD● Active	0891.253.915
EUROPEAN HALAL FOOD DISTRIBUTION● Active	0666.893.014
FENEKO● Active	0470.157.812
FNK SYSTEMS● Active	0846.246.905
GALERE - BAM CONTRACTORS ANDERLECHT● Active	0849.077.919
IMMO GRANA● Active	0452.354.451
Institut Belge de la Soudure - Belgisch Instituut voor Lastechniek● Active	0406.606.875
INVEST - IMMOB● Active	0450.750.684

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/05/2026	07/05/2025	14/05/2024	12/06/2023	12/05/2022	10/05/2021
General meeting	24/04/2026	25/04/2025	26/04/2024	15/05/2023	29/04/2022	30/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/04/2026	11/05/2026	Dutch	PDF
Full model	31/12/2024	25/04/2025	07/05/2025	Dutch	PDF
Full model	31/12/2023	26/04/2024	14/05/2024	Dutch	PDF
Full model	31/12/2022	15/05/2023	12/06/2023	Dutch	PDF
Full model	31/12/2021	29/04/2022	12/05/2022	Dutch	PDF
Full model	31/12/2020	30/04/2021	10/05/2021	Dutch	PDF
Full model	31/12/2019	24/04/2020	26/05/2020	Dutch	PDF
Full model	31/12/2018	26/04/2019	03/06/2019	Dutch	PDF
Full model	31/12/2017	27/04/2018	29/05/2018	Dutch	PDF
Full model	31/12/2016	28/04/2017	22/05/2017	Dutch	PDF
Full model	31/12/2015	29/04/2016	18/05/2016	Dutch	PDF
Full model	31/12/2014	24/04/2015	13/05/2015	Dutch	PDF
Full model	31/12/2013	25/04/2014	30/04/2014	Dutch	PDF
Full model	31/12/2012	26/04/2013	15/05/2013	Dutch	PDF
Full model	31/12/2011	27/04/2012	31/05/2012	Dutch	PDF
Full model	31/12/2010	29/04/2011	13/05/2011	Dutch	PDF
Full model	31/12/2009	30/04/2010	19/05/2010	Dutch	PDF
Full model	31/12/2008	12/06/2009	17/06/2009	Dutch	PDF
Full model	31/12/2007	13/06/2008	24/06/2008	Dutch	PDF
Full model	31/12/2006	08/06/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 56 ended

Active mandates

Lo-Consult

Director · since 16 octobre 2025 · until 16 octobre 2031 · 0669.520.625

Represented by Jan Folens

Active

OBEX

Director · since 16 octobre 2025 · until 16 octobre 2031 · 0726.859.503

Represented by Matthias Van Damme

Active

DESIRE STADSBADER

Director · since 03 mai 2022 · until 16 octobre 2025 · 0432.759.065

Represented by Dominique Valcke

Active

Ended mandates

VERMEC

Director · since 22 août 2022 · until 30 juin 2023 · 0473.749.780

Represented by Michel Verhaeren

Ended

VERMEC

Director · since 22 août 2022 · until 18 décembre 2026 · 0473.749.780

Represented by Michel Verhaeren

Ended

DESIRE STADSBADER

Director · since 03 mai 2022 · until 18 décembre 2026 · 0432.759.065

Represented by Dominique Valcke

Ended

DESIRE STADSBADER

Director · since 03 mai 2022 · until 18 décembre 2026 · 0432.759.065

Represented by Dominique Valcke

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/10/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2021
BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025332,8 k €↓
2025
Name changeVinasphalt nv
2024
Annual accounts 2024396,3 k €↓
2023
Annual accounts 2023815 k €↑
2022
Annual accounts 2022-1,1 M €↓
2021
Annual accounts 2021-71 k €↑
2021
Name changeBV Asphalt nv
2020
Annual accounts 2020-495,3 k €↓
2019
Annual accounts 201918,6 k €↓
2018
Annual accounts 2018764,2 k €↑
2017
Annual accounts 2017620,9 k €↑
2016
Annual accounts 2016-448,6 k €↑
2015
Annual accounts 2015-513,3 k €↓
2014
Annual accounts 2014-38,3 k €↓
2013
Annual accounts 201328,5 k €↓
2012
Annual accounts 2012299,1 k €↑
2011
Annual accounts 2011170,1 k €↑
2010
Annual accounts 2010-277,8 k €↓
2009
Annual accounts 2009117 k €↑
2008
Annual accounts 200812,2 k €↓
2007
Annual accounts 2007129,4 k €↑
2006
Annual accounts 200660,3 k €
14/10/1987
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Vinasphalt

Overview

What does Vinasphalt do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline