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Asvedec - Administration de biens

Active
Public limited companyfounded 1978active for 48 yearsLouizalaan 230, 1050 Elsene, BelgiumKBO/BCE: BE 0418.622.702
Summary

Asvedec - Administration de biens has been active since 1978 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174,597 and a net result of -€20,974. Equity remains stable across the filed financial years (±2.2% per year). Its solvency ranks better than 52% of 11,063 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Development of residential building projects
NACE 68121Property management for co-owned buildings (syndics) NACE 68321
1 site
Size
€519,206total assets 2025
Equity
€174,597
Loss
-€20,974
Financial health
87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Board
4 members
Accounts filed 16 days late1 of 7 deeds read
Why 87raises riskLiquidity: current ratio 1.53, cash €9,962, halvedLoss of €20,974 (financial year 2025)lowers riskSize: total assets €519,206Figures for financial year 2025 (filed 16-08-2026)Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 37% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Average
Solvency 59-2
equity 33.6% of total assets
Liquidity 49-8
short-term debt 15.0% · cash 1.9%
Profitability 26-38
return on assets -4.0%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,557 companies, NACE 68, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.1%▼ -0.2 percentage points vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.2%▼ -0.2 percentage points vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €15,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.53, compared with 2.22 in 2024; short-term debt: 15% and cash: 1.9% of total assets), but 66.4% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 52% on solvency, 46% on liquidity, 23% on profitability and 27% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €519,206
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.53, cash €9,962, halved
NBB · annual accounts
raises risk · Loss of €20,974 (financial year 2025)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 16-08-2026)
NBB · annual accounts
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-08-2026, 16 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are in a legal situation other than normal, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
16 days late
2024
32 days early
2023
33 days early
2022
37 days early
2021
31 days late
2020
25 days early
2019
41 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 6 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Resignation: Emile Van Ermen (day-to-day manager)Appointment: Christopher Herinckx (director) ·…
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Board changedlatest change 14-10-2025 · 4 in office 1 joined · 1 left View
  • Active since 1978founded 25-07-1978 48 years View
  • Total assets 20256 financial years filed €519,206 View

By topic

Financials

Financial year
2025
Total assets
€519,206
Loss
-€20,974
Solvency
33.6%
Total assets▼ 4.3%
Net result
20182025
Go to Financials

Board & ownership

Board
4 members
  • Chantal Van ErmenDirector
  • Françoise Van ErmenDirector
  • Yves Van ErmenDaily manager
  • Christopher HerinckxDirector
Go to Board & ownership

Timeline

Events
54
Since
1979
Next accounts
by 31-07-2027
  1. 31-12-2024Back to profit
  2. 28-06-2024Annual accounts filed
  3. 24-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Development of residential building projectsNACE 68121
Founded
25-07-1978
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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