ACTIVE

AS INVESTMENT

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Financial year 2025 · closed on 31/12/2025

Net result

128,2 €

-99.8% YoY

Gross margin

940 €

-15.5% YoY

Equity

602,8 k €

+0.0% YoY

What does AS INVESTMENT do?

AS INVESTMENT is a Private limited company incorporated in 2008. Its main activity is: Activities of holding companies. Its registered office is in Lontzen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0808.779.169

Incorporation

30/12/2008

Legal form

Private limited company

Registered office

Rue Mitoyenne 316
4710 Lontzen · WallonieSee on map

Contributed capital

80 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	940 €	-15.5%	1,1 k €	-29.9%	1,6 k €	-5.1%	1,7 k €	-93.1%	24,2 k €	+25.8%	19,2 k €	-67.5%	59,2 k €	-0.0%	59,3 k €	-0.0%	59,3 k €	+1.0%	58,7 k €	+0.8%	58,3 k €	-0.0%	58,3 k €	-0.0%	58,3 k €	-22.8%	75,5 k €	+29.1%	58,5 k €	-11.2%	65,8 k €
EBITDA	452,6 €	+5.9%	427,4 €	-61.8%	1,1 k €	-10.5%	1,2 k €	-94.7%	23,8 k €	+26.4%	18,8 k €	-68.0%	58,8 k €	-0.0%	58,8 k €	+0.1%	58,8 k €	+1.0%	58,2 k €	+0.8%	57,8 k €	+0.0%	57,8 k €	-0.1%	57,8 k €	-22.4%	74,4 k €	+28.4%	58 k €	-9.3%	64 k €
Operating result	452,6 €	+5.9%	427,4 €	-61.8%	1,1 k €	-10.5%	1,2 k €	-94.7%	23,8 k €	+26.4%	18,8 k €	-68.0%	58,8 k €	-0.0%	58,8 k €	+0.1%	58,8 k €	+1.0%	58,2 k €	+0.8%	57,8 k €	+0.0%	57,8 k €	-0.1%	57,8 k €	-22.4%	74,4 k €	+28.4%	58 k €	-9.3%	64 k €
Net result	128,2 €	-99.8%	55,1 k €	+7571%	718,9 €	-11.8%	814,8 €	-95.4%	17,7 k €	+38.2%	12,8 k €	-68.0%	39,9 k €	+12.7%	35,4 k €	+2.8%	34,4 k €	+5.3%	32,7 k €	+5.6%	31 k €	+4.8%	29,5 k €	+4.3%	28,3 k €	-26.9%	38,7 k €	-54.0%	84,3 k €	+2.2%	82,4 k €
Balance sheet
Equity	602,8 k €	+0.0%	602,6 k €	+10.1%	547,5 k €	+0.1%	546,8 k €	+0.1%	545,9 k €	+3.1%	529,5 k €	+2.5%	516,7 k €	+8.4%	476,8 k €	+8.0%	441,4 k €	+8.5%	407 k €	+8.7%	374,3 k €	+9.0%	343,3 k €	+9.4%	313,8 k €	+9.9%	285,4 k €	+15.7%	246,7 k €	+51.9%	162,4 k €
Total assets	604,1 k €	+0.2%	602,9 k €	-0.0%	603,1 k €	+0.5%	600 k €	-0.1%	600,4 k €	-0.5%	603,3 k €	-0.0%	603,4 k €	-0.1%	603,7 k €	+0.4%	601,2 k €	+0.2%	600,3 k €	+0.0%	600 k €	-0.0%	600,1 k €	-0.5%	602,9 k €	-1.2%	609,9 k €	+1.1%	603,2 k €	-0.2%	604,4 k €
Cash	30,5 €	+2951%	1 €	-96.1%	25,8 €	+1443%	1,7 €	-99.6%	379 €	+276%	100,7 €	-12.2%	114,7 €	-96.9%	3,7 k €	+216%	1,2 k €	+365%	250,9 €		0 €	-100%	101,8 €	-96.5%	2,9 k €	-71.0%	9,9 k €	+210%	3,2 k €	-27.7%	4,4 k €
Debts	1,4 k €	+471%	240 €	-99.6%	55,6 k €	+4.4%	53,2 k €	-2.2%	54,4 k €	-26.3%	73,8 k €	-14.8%	86,6 k €	-31.7%	126,9 k €	-20.6%	159,7 k €	-17.3%	193,3 k €	-14.4%	225,7 k €	-12.1%	256,8 k €	-11.2%	289,1 k €	-10.9%	324,5 k €	-9.0%	356,5 k €	-19.3%	442 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Alain Herbert Smits

Director · since 30 décembre 2008

Active

Ended mandates

Alain Smits

Director · since 30 décembre 2008

Ended

Alain Smits

Manager · since 30 décembre 2008

Ended

At this address

Other companies at this address

Company	CBE no.
Vanderheyden● Active	0416.902.238

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	11/06/2026	26/05/2025	24/06/2024	24/06/2023	30/08/2022	31/08/2021
General meeting	02/06/2026	02/05/2025	20/06/2024	15/06/2023	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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	11/06/2026	French	PDF
Abridged model	31/12/2024	02/05/2025	26/05/2025	French	PDF
Abridged model	31/12/2023	20/06/2024	24/06/2024	French	PDF
Abridged model	31/12/2022	15/06/2023	24/06/2023	French	PDF
Abridged model	31/12/2021	06/05/2022	30/08/2022	French	PDF
Abridged model	31/12/2020	07/05/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	01/05/2020	03/09/2020	French	PDF
Abridged model	31/12/2018	03/05/2019	29/08/2019	French	PDF
Abridged model	31/12/2017	04/05/2018	13/07/2018	French	PDF
Abridged model	31/12/2016	05/05/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	06/05/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	01/05/2015	08/06/2015	French	PDF
Abridged model	31/12/2013	02/05/2014	11/08/2014	French	PDF
Abridged model	31/12/2012	03/05/2013	22/08/2013	French	PDF
Abridged model	31/12/2011	04/05/2012	24/08/2012	French	PDF
Abridged model	31/12/2010	06/05/2011	03/06/2011	French	PDF
Abridged model	31/12/2009	07/05/2010	24/08/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 1 active · 2 ended

Active mandates

Alain Herbert Smits

Director · since 30 décembre 2008

Active

Ended mandates

Alain Smits

Director · since 30 décembre 2008

Ended

Alain Smits

Manager · since 30 décembre 2008

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring01/09/2026
PROJET DE FUSION PAR ABSORPTION ET PAR REUNION DE TOUTES LES:
PDF
Restructuring01/09/2026
PROJET DE FUSION ETABLI CONFORMEMENT A L'ARTICLE 12:24 DU
PDF
Mandates07/05/2024
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Other02/01/2009
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025128,2 €↓
2024
Annual accounts 202455,1 k €↑
2023
Annual accounts 2023718,9 €↓
2022
Annual accounts 2022814,8 €↓
2021
Annual accounts 202117,7 k €↑
2019
Annual accounts 201912,8 k €↓
2018
Annual accounts 201839,9 k €↑
2017
Annual accounts 201735,4 k €↑
2016
Annual accounts 201634,4 k €↑
2015
Annual accounts 201532,7 k €↑
2014
Annual accounts 201431 k €↑
2013
Annual accounts 201329,5 k €↑
2012
Annual accounts 201228,3 k €↓
2011
Annual accounts 201138,7 k €↓
2010
Annual accounts 201084,3 k €↑
2009
Annual accounts 200982,4 k €
30/12/2008
IncorporationPrivate 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

AS INVESTMENT

Overview

What does AS INVESTMENT do?

Trend over 16 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