ACTIVE

ASPHALIA

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Financial year 2025 · closed on 31/12/2025

Net result

18,6 k €

-67.9% YoY

Gross margin

-19,2 k €

-153.5% YoY

Equity

2,5 M €

+0.8% YoY

Workforce

0,0 ETP

What does ASPHALIA do?

ASPHALIA is a Public limited company incorporated in 2000. Its main activity is: Management consultancy activities. Its registered office is in Arendonk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0470.386.652

Incorporation

03/02/2000

Legal form

Public limited company

Registered office

Poederstraat 51
2370 Arendonk · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2009		2008
Income statement
Gross margin	-19,2 k €	-153%	35,9 k €	-32.2%	53 k €	-48.9%	103,8 k €	+21.0%	85,8 k €	-45.4%	157,1 k €	+11.8%	140,5 k €	+2.1%	137,6 k €	+12.3%	122,5 k €	+5.1%	116,6 k €	+5.6%	110,4 k €	-36.8%	174,7 k €	+28.9%	135,5 k €	+41.7%	95,6 k €	+214%	30,4 k €	-62.2%	80,3 k €
EBITDA	-20,7 k €	-160%	34,7 k €	-32.5%	51,4 k €	-49.6%	102,1 k €	+22.2%	83,5 k €	-46.4%	155,8 k €	+11.7%	139,5 k €	+2.1%	136,6 k €	+12.6%	121,3 k €	+5.3%	115,2 k €	+5.3%	109,4 k €	-37.0%	173,6 k €	+29.0%	134,6 k €	+43.5%	93,8 k €	+222%	29,1 k €	-63.4%	79,6 k €
Operating result	-20,7 k €	-160%	34,7 k €	-32.5%	51,4 k €	-49.6%	102,1 k €	+22.2%	83,5 k €	-46.4%	155,8 k €	+11.7%	139,5 k €	+2.9%	135,5 k €	+12.7%	120,2 k €	+5.3%	114,2 k €	+5.4%	108,4 k €	-37.2%	172,6 k €	+28.3%	134,6 k €	+43.5%	93,8 k €	+222%	29,1 k €	-63.4%	79,6 k €
Net result	18,6 k €	-67.9%	58 k €	-17.7%	70,5 k €	-34.6%	107,8 k €	+43.4%	75,2 k €	-31.3%	109,4 k €	-8.3%	119,2 k €	+31.5%	90,7 k €	-80.7%	469,3 k €	+96.8%	238,5 k €	+162%	90,9 k €	-19.9%	113,4 k €	+27.0%	89,3 k €	+51.6%	58,9 k €	+618%	8,2 k €	-89.1%	75 k €
Balance sheet
Equity	2,5 M €	+0.8%	2,5 M €	+2.4%	2,4 M €	+3.0%	2,3 M €	+4.9%	2,2 M €	+3.5%	2,1 M €	+5.4%	2 M €	+6.2%	1,9 M €	+5.0%	1,8 M €	+34.7%	1,4 M €	+21.4%	1,1 M €	+8.9%	1 M €	+12.5%	909,9 k €	+10.9%	820,6 k €	+17.4%	699,1 k €	+1.2%	690,9 k €
Total assets	2,5 M €	-0.5%	2,5 M €	+1.8%	2,5 M €	+3.3%	2,4 M €	+4.3%	2,3 M €	+5.6%	2,2 M €	+5.4%	2,1 M €	+6.7%	1,9 M €	+3.0%	1,9 M €	+33.7%	1,4 M €	+20.9%	1,2 M €	+6.4%	1,1 M €	+15.8%	945,2 k €	+9.7%	862 k €	+22.3%	704,7 k €	+1.1%	696,9 k €
Cash	163,5 k €	-28.1%	227,4 k €	+2.1%	222,8 k €	+15.8%	192,3 k €	+27.9%	150,4 k €	+68.0%	89,5 k €	+2.4%	87,4 k €	-69.2%	284,2 k €	-15.3%	335,5 k €	+0.3%	334,6 k €	+80.4%	185,5 k €	-5.5%	196,3 k €	+92.8%	101,8 k €	-33.4%	152,8 k €	+381%	31,8 k €	-11.7%	35,9 k €
Debts	42,1 k €	-43.1%	73,9 k €	-14.7%	86,7 k €	+10.5%	78,4 k €	-10.2%	87,3 k €	+117%	40,2 k €	+7.7%	37,3 k €	+37.8%	27 k €	-55.3%	60,4 k €	+8.5%	55,7 k €	+10.5%	50,4 k €	-29.2%	71,3 k €	+102%	35,3 k €	-14.7%	41,4 k €	+651%	5,5 k €	-7.8%	6 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Gunhilde Van Gorp

Managing director · since 21 décembre 2023 · until 19 juin 2029

Active

Theodoros Roussis

Managing director · since 21 décembre 2023 · until 19 juin 2029

Active

Ended mandates

THEO ROUSSIS

Managing director · since 21 décembre 2023 · until 19 juin 2029

Ended

GUNHILDE VAN GORP

Managing director · since 04 mai 2018 · until 03 mai 2024

Ended

THEO ROUSSIS

Managing director · since 04 mai 2018 · until 03 mai 2024

Ended

GUNHILDE VAN GORP

Managing director · since 04 mai 2012 · until 15 mai 2018

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Micro 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	31/08/2026	09/10/2025	30/08/2024	31/08/2023	31/08/2022	30/09/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	05/05/2023	06/05/2022	07/05/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	17/06/2025	09/10/2025	Dutch	PDF
Micro model	31/12/2023	18/06/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	05/05/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	06/05/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	07/05/2021	30/09/2021	Dutch	PDF
Abridged model	31/12/2019	02/05/2020	24/07/2020	Dutch	PDF
Abridged model	31/12/2018	03/05/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	04/05/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	05/05/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/05/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	02/05/2015	28/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/05/2013	06/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/05/2012	30/05/2012	Dutch	PDF
Abridged model	31/12/2010	06/05/2011	22/06/2011	Dutch	PDF
Abridged model	31/12/2009	07/05/2010	21/05/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	12/05/2009	Dutch	PDF
Abridged model	31/12/2007	02/05/2008	19/05/2008	Dutch	PDF
Abridged model	31/12/2006	04/05/2007	05/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 2 active · 7 ended

Active mandates

Gunhilde Van Gorp

Managing director · since 21 décembre 2023 · until 19 juin 2029

Active

Theodoros Roussis

Managing director · since 21 décembre 2023 · until 19 juin 2029

Active

Ended mandates

THEO ROUSSIS

Managing director · since 21 décembre 2023 · until 19 juin 2029

Ended

GUNHILDE VAN GORP

Managing director · since 04 mai 2018 · until 03 mai 2024

Ended

THEO ROUSSIS

Managing director · since 04 mai 2018 · until 03 mai 2024

Ended

GUNHILDE VAN GORP

Managing director · since 04 mai 2012 · until 15 mai 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates24/12/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/03/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/10/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other21/04/2009
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/04/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/05/2006
ONTSLAGEN - BENOEMINGEN
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 202518,6 k €↓
2024
Annual accounts 202458 k €↓
2023
Annual accounts 202370,5 k €↓
2022
Annual accounts 2022107,8 k €↑
2021
Annual accounts 202175,2 k €↓
2020
Annual accounts 2020109,4 k €↓
2019
Annual accounts 2019119,2 k €↑
2018
Annual accounts 201890,7 k €↓
2017
Annual accounts 2017469,3 k €↑
2016
Annual accounts 2016238,5 k €↑
2015
Annual accounts 201590,9 k €↓
2014
Annual accounts 2014113,4 k €↑
2013
Annual accounts 201389,3 k €↑
2012
Annual accounts 201258,9 k €↑
2009
Annual accounts 20098,2 k €↓
2008
Annual accounts 200875 k €
03/02/2000
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

ASPHALIA

Overview

What does ASPHALIA do?

Trend over 16 financial years

Indicative valuation

Board of directors

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