ASDAEX
Annual accounts 2025
full format, filed on 18-06-2026, 43 days before the deadlineMoney flows
of every €100 of turnover, €1.14 remains as profit in 2025Balance sheet
balance sheet total €7.2m on 31-12-2025in €m
in euro
Position in the sector
17.4%
Higher than 30% of 1,691 companies in 2025.
1.51
Higher than 47% of 1,658 companies in 2025.
1.8%
Higher than 42% of 1,673 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
Staff
Men and women23% women
50.7 men and 14.8 women in full-time equivalents in 2025.
€90,582
Men €88,158, women €86,252 per full-time equivalent. Jobs differ, so this is not a pay gap.
+13 people
In 2025, 19 people joined and 6 left. Training hours in 2025: 464.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
7.2m | 7.0m | 5.9m | 3.4m | 3.0m | 2.9m | 1.6m | 696,707 | |
21/28 |
2.1m | 2.2m | 2.2m | 159,154 | 160,701 | 145,818 | 67,773 | 24,274 | |
22/27 |
2.1m | 2.1m | 2.2m | 157,635 | 160,190 | 132,507 | 45,282 | 7,439 | |
22 |
1.4m | 1.5m | 1.5m | - | - | - | - | - | |
23 |
123,647 | 127,048 | 107,668 | 19,015 | 23,870 | - | - | - | |
24 |
158,072 | 132,577 | 175,157 | 116,205 | 111,050 | 111,664 | 45,282 | 7,439 | |
26 |
365,129 | 402,118 | 415,444 | 22,415 | 25,270 | 20,843 | - | - | |
28 |
2,483 | 3,196 | 1,519 | 1,519 | 511 | 13,311 | 22,491 | 16,835 | |
284/8 |
2,483 | - | - | - | - | - | - | - | |
285/8 |
2,483 | - | - | - | - | - | - | - | |
29/58 |
5.1m | 4.8m | 3.7m | 3.2m | 2.8m | 2.7m | 1.5m | 672,433 | |
40/41 |
4.6m | 4.6m | 3.4m | 3.1m | 2.5m | 2.2m | 1.4m | 572,555 | |
40 |
4.4m | 4.6m | 3.4m | 3.1m | 2.5m | 2.2m | 1.4m | 572,555 | |
41 |
167,872 | 36,500 | 13,500 | - | - | - | - | - | |
50/53 |
- | - | - | 18,051 | 18,033 | 18,016 | - | - | |
54/58 |
453,611 | 202,225 | 210,828 | 125,202 | 217,936 | 463,147 | 90,088 | 89,749 | |
490/1 |
95,886 | 33,557 | 15,438 | 32,301 | 28,058 | 53,623 | 10,620 | 10,129 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
7.2m | 7.0m | 5.9m | 3.4m | 3.0m | 2.9m | 1.6m | 696,707 | |
10/15 |
1.3m | 1.3m | 1.3m | 1.2m | 971,374 | 742,770 | 443,972 | 242,522 | |
10/11 |
225,000 | 225,000 | 225,000 | 225,000 | 225,000 | 225,000 | 113,000 | 104,000 | |
10 |
124,000 | 124,000 | 124,000 | 124,000 | 124,000 | - | - | - | |
100 |
124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | |
101 |
- | - | - | - | - | - | 11,000 | 20,000 | |
11 |
101,000 | 101,000 | 101,000 | 101,000 | 101,000 | 101,000 | 101,000 | 101,000 | |
1100/10 |
101,000 | 101,000 | 101,000 | 101,000 | 101,000 | 101,000 | 101,000 | 101,000 | |
13 |
12,400 | 12,400 | 222,900 | 222,900 | 222,900 | 222,900 | 12,400 | 12,400 | |
130/1 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | - | - | |
130 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
132 |
- | - | 210,500 | 210,500 | 210,500 | 210,500 | - | - | |
14 |
1.0m | 1.0m | 823,921 | 714,856 | 523,474 | 294,870 | 217,572 | 25,122 | |
16 |
13,232 | - | - | - | - | - | 80,000 | - | |
160/5 |
13,232 | - | - | - | - | - | 80,000 | - | |
160 |
13,232 | - | - | - | - | - | - | - | |
164/5 |
- | - | - | - | - | - | 80,000 | - | |
17/49 |
5.9m | 5.7m | 4.6m | 2.2m | 2.0m | 2.1m | 1.1m | 454,185 | |
17 |
1.5m | 1.7m | 1.8m | - | 1,659 | 26,659 | 10,447 | - | |
170/4 |
1.5m | 1.7m | 1.8m | - | 1,659 | 26,659 | 10,447 | - | |
173 |
1.5m | - | - | - | - | - | - | - | |
42/48 |
3.4m | 2.9m | 1.9m | 1.6m | 1.6m | 1.6m | 927,103 | 237,036 | |
42 |
258,796 | 183,195 | 177,900 | 64,416 | 83,443 | 26,240 | 5,104 | - | |
43 |
975,000 | 680,000 | 93,333 | - | - | - | - | - | |
430/8 |
975,000 | 680,000 | - | - | - | - | - | - | |
439 |
- | - | 93,333 | - | - | - | - | - | |
44 |
1.1m | 1.3m | 970,283 | 857,148 | 909,564 | 836,770 | 736,399 | 159,773 | |
440/4 |
1.1m | 1.3m | 970,283 | 857,148 | 909,564 | 836,770 | 736,399 | 159,773 | |
45 |
977,455 | 634,890 | 583,213 | 549,977 | 513,681 | 660,191 | 185,600 | 77,263 | |
450/3 |
334,809 | 175,078 | 152,037 | 176,044 | 99,373 | 344,634 | 102,500 | 19,500 | |
454/9 |
642,646 | 459,812 | 431,176 | 373,933 | 414,308 | 315,557 | 83,100 | 57,763 | |
47/48 |
124,000 | 124,000 | 74,400 | 124,000 | 124,000 | 125,800 | - | - | |
492/3 |
1.0m | 1.1m | 907,810 | 642,598 | 355,695 | 457,440 | 153,838 | 217,149 | |
| Income statement | |||||||||
70/76A |
11.9m | - | - | - | - | - | - | - | |
70 |
11.1m | - | - | - | - | - | - | - | |
74 |
718,955 | - | - | - | - | - | - | - | |
76A |
- | - | - | - | 25,667 | - | - | - | |
9900 |
- | 5.2m | 5.0m | 4.3m | 3.6m | 2.5m | 1.2m | 144,320 | |
60/66A |
11.5m | - | - | - | - | - | - | - | |
61 |
5.3m | - | - | - | - | - | - | - | |
62 |
5.9m | 4.7m | 4.4m | 3.7m | 3.0m | 1.9m | 797,637 | 83,230 | |
630 |
195,788 | 186,811 | 153,924 | 59,937 | 54,243 | 36,354 | 20,939 | 3,719 | |
631/4 |
- | 3,676 | - | - | - | - | - | - | |
635/8 |
13,232 | - | - | - | - | -80,000 | 80,000 | - | |
640/8 |
21,010 | 20,567 | 38,654 | 3,085 | 868 | 1,875 | 488 | 348 | |
9901 |
369,660 | 322,720 | 377,852 | 524,260 | 539,720 | 596,811 | 294,961 | 57,023 | |
75/76B |
45 | 85 | 420 | 3,582 | 429 | 342 | 10 | - | |
75 |
45 | 85 | 420 | 3,582 | 429 | 342 | 10 | - | |
752/9 |
45 | - | - | - | - | - | - | - | |
65/66B |
114,192 | 100,911 | 58,307 | 11,240 | 6,925 | 1,640 | 269 | 1 | |
65 |
114,192 | 100,911 | 58,307 | 11,240 | 6,925 | 1,640 | 269 | 1 | |
650 |
112,263 | - | - | - | - | - | - | - | |
652/9 |
1,929 | - | - | - | - | - | - | - | |
9903 |
255,513 | 221,894 | 319,965 | 516,601 | 533,224 | 595,513 | 294,702 | 57,022 | |
67/77 |
128,753 | 113,352 | 136,500 | 201,220 | 180,620 | 183,715 | 102,252 | - | |
670/3 |
129,300 | - | - | - | - | - | - | - | |
77 |
547 | - | - | - | - | - | - | - | |
9904 |
126,761 | 108,542 | 183,465 | 315,381 | 352,604 | 411,798 | 192,450 | 37,522 | |
789 |
- | 210,500 | - | - | - | - | - | - | |
689 |
- | - | - | - | - | 210,500 | - | - | |
9905 |
126,761 | 319,042 | 183,465 | 315,381 | 352,604 | 201,298 | 192,450 | 37,522 | |
| Appropriation of the result | |||||||||
9906 |
1.1m | 1.1m | 898,321 | 838,856 | 647,474 | 418,870 | 217,572 | 37,522 | |
14P |
1.0m | 823,921 | 714,856 | 523,474 | 294,870 | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 12,400 | |
6920 |
- | - | - | - | - | - | - | 12,400 | |
694/7 |
124,000 | 124,000 | 74,400 | 124,000 | 124,000 | 124,000 | - | - | |
694 |
124,000 | 124,000 | 74,400 | 124,000 | 124,000 | 124,000 | - | - | |
| Social balance sheet | |||||||||
9087 |
65.5 | 53.4 | 50.8 | 49.4 | 38.3 | 25.8 | 11.3 | 1.3 | |
Men (FTE)1003 |
50.7 | - | - | - | - | - | - | - | |
Women (FTE)1003 |
14.8 | - | - | - | - | - | - | - | |
Hours worked1013 |
101,637 | 81,533 | 79,808 | 76,672 | 62,294 | 43,374 | 18,777 | 1,984 | |
| Document | |||||||||
The notes to these accounts have 56 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 18-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 18-06-2026 | 2026-00178604 | |
| 31-12-2024 | full format | 06-06-2025 | 2025-00132911 | |
| 31-12-2023 | full format | 20-06-2024 | 2024-00150560 | |
| 31-12-2022 | full format | 26-06-2023 | 2023-00164192 | |
| 31-12-2021 | full format | 28-06-2022 | 2022-20147272 | |
| 31-12-2020 | full format | 18-06-2021 | 2021-21400027 | |
| 31-12-2019 | full format | 02-06-2020 | 2020-14000355 | |
| 31-12-2018 | full format | 13-05-2019 | 2019-13000293 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 565,449 | 509,530 | 531,776 | 584,196 | 593,963 | 633,165 | 315,900 | 60,742 | ||
| 322,549 | 295,353 | 337,389 | 375,318 | 406,847 | 448,152 | 213,389 | 41,241 | ||
| 142,858 | 114,170 | 2.2m | 58,390 | 81,926 | 123,579 | 64,438 | 27,993 | ||
| 251,386 | -8,603 | 85,626 | -92,734 | -245,211 | 373,059 | 339 | - | ||
| 1.7m | 1.9m | 1.8m | 1.6m | 1.2m | 1.1m | 620,484 | 435,397 | ||
| 3.3% | - | - | - | - | - | - | - | ||
| 17.4% | 18.0% | 21.6% | 34.2% | 32.8% | 25.8% | 27.5% | 34.8% | ||
| 1.51 | 1.66 | 1.93 | 2.03 | 1.72 | 1.66 | 1.67 | 2.84 | ||
| 4.72 | 4.57 | 3.63 | 1.92 | 2.05 | 2.87 | 2.46 | 1.87 | ||
| 10.1% | 8.6% | 14.4% | 27.1% | 36.3% | 55.4% | 43.3% | 15.5% | ||
| 1.8% | 1.6% | 3.1% | 9.3% | 11.9% | 14.3% | 11.9% | 5.4% | ||
| 5.04 | 5.05 | 9.12 | 51.98 | 85.77 | - | - | - | ||
| 144 days | - | - | - | - | - | - | - | ||
| 73 days | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 71 | 58 | 51 | 53 | 42 |
| full-time | 63 | 53 | 46 | 48 | 40 |
| part-time | 8 | 5 | 5 | 5 | 2 |
| in full-time equivalents | 69.6 | 57.1 | 50.1 | 51.9 | 41.6 |
| 65.5 | 53.4 | 50.8 | 49.4 | 38.3 | |
| On a permanent contract | 70 | 58 | 51 | 53 | 42 |
| Joined | 19 | 14 | 7 | 15 | 13 |
| Left | 6 | 10 | 9 | 5 | 5 |
| Training hours | 464 | - | - | - | 135 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €1.6m | €1.8m | €1.9m | - | - |
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | - | - |
| €1.8m | €1.8m | €1.8m | - | - | |
| Carrying value of the mortgaged assets | €1.4m | €1.7m | €1.9m | - | - |
| €770,000 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €142,858 | €112,494 | €2.2m | €57,382 | €81,926 |
| Financial fixed assets | - | €1,677 | - | €1,009 | - |
| €195,788 | €186,811 | €153,924 | €59,937 | €54,243 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
feesThe auditor is BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | €24,106 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Insights on ASDAEX
The operating result for 2025 is 15% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 82.0% to 82.4%. Equity and debt are higher.