ACTIVE

AS 24 - BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result15 M €+10,6 %over 1 year
Revenue567,5 M €+1,8 %over 1 year
Equity71,5 k €0,0 %over 1 year
Workforce26,1 ETP+1,2 %over 1 year

Identity

Source · BCE/KBO

AS 24 - BELGIUM is a Public limited company incorporated in 1989. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Bruxelles. It employs on average 26,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0437.971.826
Incorporation
12/07/1989
Legal form
Public limited company
Registered office
Boulevard Anspach 1 box 2
1000 Bruxelles · BruxellesSee on map
Contributed capital
65 000,00 €
Latest accounts
31/12/2025
Average workforce
26,1 ETP
Joint committees (2)
  • 117
  • 211
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue567,5 M €557,5 M €596,7 M €565,9 M €492,9 M €
EBITDA21,8 M €20 M €18,2 M €12,3 M €7,3 M €
Operating result20,4 M €19,1 M €17,3 M €11,2 M €6,3 M €
Net result15 M €13,6 M €11,7 M €8,3 M €4,7 M €
Balance sheet
Equity71,5 k €71,5 k €71,5 k €71,5 k €71,5 k €
Total assets65,2 M €68,7 M €66,7 M €62,4 M €64,7 M €
Cash42,5 k €25,8 k €––17,6 k €
Debts64,8 M €68,3 M €66,1 M €61,8 M €64,4 M €
Other
Workforce26,1 ETP25,8 ETP23,4 ETP21,7 ETP22,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 12 ended

Active mandates

DirectorMandates in this companyPeriod
Nicolas Moragues
Managing directorsince 01/09/2025
Philippe Callejon
Managing director01/10/2024 → 01/09/2025
Bruno Leroy
Managing directorsince 01/09/2016Director01/01/2022 → 2022 accountsended
Neil Vanderlinden
Managing directorsince 01/01/2022

Ended mandates

DirectorMandates in this companyPeriod
Anna Whitehouse
Managing director01/01/2022 → 2023 accounts
Jean Scheirman
Managing director01/03/2016 → 2021 accounts
Manuel Olivier
Managing director01/01/2016 → 2021 accounts

Other companies at this address

Boulevard Anspach 1 1000 Bruxelles
CompanyCBE no.
ACTISOC● Active
0814.787.726
ANCIEN DEWFIN● Liquidation
0424.890.682
Anciens Etablissements Deway, Servais et Cie● Liquidation
0414.384.691
ARISTEA● Active
0460.156.518
BELGIAN EASY DATA DRIVEN ELECTRICAL CHARGING● Active
0768.603.650
BELLA VITA● Active
0890.019.738
BeLux Office Development Feeder● Active
0759.908.985
BEYAERT● Active
0837.807.014
BOITEUX RESIDENTIAL● Active
0837.797.314
bpost● Active
0214.596.464
bpostgroup● Active
1011.508.674
BROUCKERE TOWER INVEST● Active
0874.491.622
CAISSE AUTONOME TOTALENERGIES (Belgique)● Active
0409.077.803
CERCLE SPORTIF TotalEnergies (Belgique)● Active
0409.196.874
CERTIPOST● Active
0475.396.406
CITYZEN HOLDING● Active
0721.884.985
CITYZEN HOTEL● Active
0721.520.444
CITYZEN OFFICE● Active
0721.520.840
Cityzen Residence● Active
0721.520.642
COLONEL STONE● Active
0749.467.827

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/06/202607/10/202503/06/202411/07/202321/06/202231/08/2021
General meeting02/06/202630/05/202531/05/202430/06/202325/05/202228/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202502/06/202608/06/2026FrenchPDF
Full modelCorrection31/12/202430/05/202507/10/2025FrenchPDF
Full model31/12/202430/05/202502/06/2025FrenchPDF
Full model31/12/202331/05/202403/06/2024FrenchPDF
Full modelCorrection31/12/202230/06/202311/07/2023DutchPDF
Full model31/12/202230/06/202310/07/2023DutchPDF
Full model31/12/202125/05/202221/06/2022DutchPDF
Full model31/12/202028/06/202131/08/2021DutchPDF
Full model31/12/201930/06/202027/08/2020DutchPDF
Full model31/12/201804/06/201927/08/2019DutchPDF
Full model31/12/201704/06/201831/07/2018DutchPDF
Full model31/12/201627/06/201704/07/2017DutchPDF
Full model31/12/201531/05/201615/06/2016DutchPDF
Full model31/12/201412/06/201512/06/2015DutchPDF
Full model31/12/201313/06/201423/06/2014DutchPDF
Full model31/12/201212/06/201304/07/2013DutchPDF
Full model31/12/201106/06/201225/06/2012DutchPDF
Full model31/12/201010/05/201130/06/2011DutchPDF
Full model31/12/200911/05/201030/06/2010DutchPDF
Full model31/12/200802/06/200929/06/2009DutchPDF
Full model31/12/200720/06/200817/07/2008DutchPDF
Full model31/12/200608/05/200731/07/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 12 ended

Active mandates

DirectorMandates in this companyPeriod
Nicolas Moragues
Managing directorsince 01/09/2025
Philippe Callejon
Managing director01/10/2024 → 01/09/2025
Bruno Leroy
Managing directorsince 01/09/2016Director01/01/2022 → 2022 accountsended
Neil Vanderlinden
Managing directorsince 01/01/2022

Ended mandates

DirectorMandates in this companyPeriod
Anna Whitehouse
Managing director01/01/2022 → 2023 accounts
Jean Scheirman
Managing director01/03/2016 → 2021 accounts
Manuel Olivier
Managing director01/01/2016 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates24/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other14/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other14/02/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Registered office24/02/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates17/11/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/03/2022
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings20 filings
Mandates
Nicolas Moragues
Philippe Callejon
Neil Vanderlinden
Bruno Leroy
Anna Whitehouse
Jean SCHEIRMAN
Manuel OLIVIER
Thomas STRAUSS
Luc ANDRE-BOURGUIGNON
Bruno DAUDE LAGRAVE
François VANVERTS
Stefaan DE GANCK
19891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
AS 24 - BELGIUM
Boulevard Anspach 1 bte 2, 1000 Brussels
Managing director
Managing director
Managing director
Managing director
Managing director
Managing director
Managing director
Managing director
Managing director
Managing director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Boulevard Anspach 1 bte 2, 1000 BrusselsCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00143276
Kunstlaan 40 bte 2, 1040 Etterbeek
accounts 2021
Accounts 2021 · 2022-20091649

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
AS 24 - BELGIUMCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00143276
AS24 BELGIUM
accounts 2021
Accounts 2021 · 2022-20091649

Events

  1. 2025
    Annual accounts 202515 M €↑
  2. 01/09/2025
    nominationNicolas Moragues · administrateur
  3. 2024
    Annual accounts 202413,6 M €↑
  4. 01/10/2024
    nominationPhilippe Callejon · administrateur
  5. 01/10/2024
    nominationPhilippe Callejon · bestuurder
  6. 2023
    Annual accounts 202311,7 M €↑
  7. 11/05/2023
    reconductionBruno Leroy · administrateur
  8. 11/05/2023
    reconductionBruno Leroy · Bestuurder
  9. 2022
    Annual accounts 20228,3 M €↑
  10. 2022
    Name changeAS 24 - BELGIUM
  11. 29/09/2022
    nominationE&Y Bedrijfsrevisoren BV · commissaris
  12. 29/09/2022
    nominationEmilie Van Callemont · vaste vertegenwoordiger
  13. 2021
    Annual accounts 20214,7 M €↑
  14. 2020
    Annual accounts 20204,6 M €↓
  15. 2019
    Annual accounts 20195,7 M €↑
  16. 2018
    Annual accounts 20184,6 M €↑
  17. 2017
    Annual accounts 20172,2 M €↑
  18. 2016
    Annual accounts 2016859,7 k €↑
  19. 2015
    Annual accounts 2015-47,5 k €↓
  20. 2014
    Annual accounts 20141,8 M €↓
  21. 2013
    Annual accounts 20132,4 M €↓
  22. 2012
    Annual accounts 20122,9 M €↓
  23. 2011
    Annual accounts 20114,2 M €↓
  24. 2010
    Annual accounts 20104,3 M €↑
  25. 2009
    Annual accounts 20093,8 M €↓
  26. 2008
    Annual accounts 20084,5 M €↑
  27. 2007
    Annual accounts 20073,1 M €↓
  28. 2006
    Annual accounts 20063,6 M €
  29. 12/07/1989
    IncorporationPublic limited company