Asfalia
0829.108.587 · rovalta.com · 24/09/2026
ACTIVE
Asfalia
Financial year 2025 · closed on 31/12/2025
Net result
35,8 k €
+37.3% YoY
Gross margin
331,5 k €
+10.6% YoY
Equity
223,4 k €
+19.1% YoY
Overview
What does Asfalia do?
Asfalia is a Private limited company incorporated in 2010. Its registered office is in Waterloo.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0829.108.587
Incorporation
08/09/2010
Legal form
Private limited company
Registered office
Avenue du Château Rock 4
1410 Waterloo · WallonieSee on map
1410 Waterloo · WallonieSee on map
Latest accounts
31/12/2025
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 15 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||
| Gross margin | 331,5 k € | +10.6% | 299,7 k € | -8.0% | 325,9 k € | +6.5% | 306,1 k € | +13.1% | 270,6 k € | -4.6% | 283,8 k € | +6.1% | 267,3 k € | +38.3% | 193,3 k € | -17.1% | 233,1 k € | +17.4% | 198,6 k € | +5.6% | 188,1 k € | +20.7% | 155,8 k € | +14.9% | 135,6 k € | +27.3% | 106,5 k € | -28.5% | 149 k € |
| EBITDA | 186 k € | +24.2% | 149,7 k € | -7.6% | 161,9 k € | +0.6% | 161 k € | +11.7% | 144,1 k € | -6.9% | 154,8 k € | -2.3% | 158,4 k € | +42.4% | 111,2 k € | -4.8% | 116,8 k € | -15.3% | 137,9 k € | -1.8% | 140,4 k € | +5.9% | 132,5 k € | +4.5% | 126,8 k € | +53.1% | 82,9 k € | -36.8% | 131,2 k € |
| Operating result | 131,8 k € | +42.8% | 92,3 k € | -11.2% | 104 k € | -0.7% | 104,7 k € | +11.6% | 93,8 k € | +44.3% | 65 k € | +60.5% | 40,5 k € | +811% | -5,7 k € | -147% | 12,2 k € | -71.4% | 42,7 k € | -13.9% | 49,6 k € | +8.3% | 45,8 k € | +193% | 15,6 k € | +234% | 4,7 k € | -83.3% | 28 k € |
| Net result | 35,8 k € | +37.3% | 26,1 k € | -31.4% | 38,1 k € | +33.4% | 28,5 k € | -44.6% | 51,5 k € | +100% | 25,7 k € | +71.9% | 15 k € | +149% | -30,6 k € | -197% | -10,3 k € | -166% | 15,6 k € | -32.6% | 23,2 k € | +174% | 8,5 k € | +192% | -9,2 k € | +56.4% | -21 k € | -259% | -5,9 k € |
| Balance sheet | |||||||||||||||||||||||||||||
| Equity | 223,4 k € | +19.1% | 187,6 k € | +40.6% | 133,4 k € | +47.8% | 90,3 k € | +46.2% | 61,8 k € | +502% | 10,3 k € | +299% | -5,2 k € | +74.3% | -20,1 k € | -293% | 10,4 k € | -49.6% | 20,7 k € | +304% | 5,1 k € | +128% | -18 k € | +31.9% | -26,5 k € | -52.9% | -17,3 k € | -5061% | 349 € |
| Total assets | 841,8 k € | -3.4% | 871,2 k € | +1.9% | 854,7 k € | -3.1% | 881,6 k € | +1.4% | 869,3 k € | -1.0% | 877,8 k € | -6.5% | 939,2 k € | -8.8% | 1 M € | +85.2% | 556,1 k € | -8.5% | 607,9 k € | -12.3% | 692,8 k € | +1.6% | 681,9 k € | -10.0% | 757,8 k € | +18.5% | 639,3 k € | -11.2% | 719,6 k € |
| Cash | 37,4 k € | -35.0% | 57,6 k € | +118% | 26,5 k € | +33.2% | 19,9 k € | +258% | 5,6 k € | -52.8% | 11,8 k € | +69.8% | 6,9 k € | +103% | 3,4 k € | -91.7% | 41,1 k € | +262% | 11,4 k € | +20.3% | 9,4 k € | +38.7% | 6,8 k € | – | – | 7,5 k € | |||
| Debts | 617,1 k € | -9.5% | 682 k € | -5.2% | 719,4 k € | -8.8% | 788,8 k € | -2.3% | 807,5 k € | -6.9% | 867,5 k € | -8.1% | 944,4 k € | -10.1% | 1 M € | +109% | 503,5 k € | -14.2% | 587,1 k € | -14.5% | 686,4 k € | -1.9% | 699,9 k € | -10.8% | 784,3 k € | +19.4% | 656,6 k € | -8.7% | 719,3 k € |
| Other | |||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | 1,9 ETP | 0.0% | 1,9 ETP | – | 1,8 ETP | +20.0% | 1,5 ETP | – | – | – | ||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 1 ended
Active mandates
DAVID PANAGIOTIDIS
ActiveEnded mandates
LAURENT BOURGUIGNON
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro 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 | 20/08/2026 | 08/08/2025 | 16/08/2024 | 10/08/2023 | 01/07/2022 | 13/08/2021 |
| General meeting | 12/05/2026 | 08/05/2025 | 09/05/2024 | 12/05/2023 | 14/05/2022 | 14/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
16 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 12/05/2026 | 20/08/2026 | French | |
| Micro model | 31/12/2024 | 08/05/2025 | 08/08/2025 | French | |
| Micro model | 31/12/2023 | 09/05/2024 | 16/08/2024 | French | |
| Micro model | 31/12/2022 | 12/05/2023 | 10/08/2023 | French | |
| Micro model | 31/12/2021 | 14/05/2022 | 01/07/2022 | French | |
| Micro model | 31/12/2020 | 14/05/2021 | 13/08/2021 | French | |
| Micro model | 31/12/2019 | 14/05/2020 | 01/07/2020 | French | |
| Abridged model | 31/12/2018 | 09/05/2019 | 29/08/2019 | French | |
| Abridged model | 31/12/2017 | 30/06/2018 | 31/07/2018 | French | |
| Micro modelCorrection | 31/12/2016 | 30/06/2017 | 08/01/2018 | French | |
| Micro model | 31/12/2016 | 30/06/2017 | 31/08/2017 | French | |
| Abridged model | 31/12/2015 | 30/06/2016 | 29/07/2016 | French | |
| Abridged model | 31/12/2014 | 30/06/2015 | 07/09/2015 | French | |
| Abridged model | 31/12/2013 | 30/06/2014 | 17/08/2014 | French | |
| Abridged model | 31/12/2012 | 09/05/2013 | 30/08/2013 | French | |
| Abridged model | 31/12/2011 | 10/05/2012 | 30/11/2012 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 k€ and 500 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 1 ended
Active mandates
DAVID PANAGIOTIDIS
ActiveEnded mandates
LAURENT BOURGUIGNON
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Registered office09/03/2026SIEGE SOCIAL
- Mandates11/12/2023MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
- Registered office13/09/2018SIEGE SOCIAL
- Registered office22/04/2016SIEGE SOCIAL - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Other10/09/2010RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202535,8 k €↑
- 2024Annual accounts 202426,1 k €↓
- 2023Annual accounts 202338,1 k €↑
- 2022Annual accounts 202228,5 k €↓
- 2021Annual accounts 202151,5 k €↑
- 2020Annual accounts 202025,7 k €↑
- 2019Annual accounts 201915 k €↑
- 2018Annual accounts 2018-30,6 k €↓
- 2017Annual accounts 2017-10,3 k €↓
- 2016Annual accounts 201615,6 k €↓
- 2015Annual accounts 201523,2 k €↑
- 2014Annual accounts 20148,5 k €↑
- 2013Annual accounts 2013-9,2 k €↑
- 2012Annual accounts 2012-21 k €↓
- 2011Annual accounts 2011-5,9 k €
- 08/09/2010IncorporationPrivate limited company