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A.S. BUILDING SOLUTIONS

Active
Private limited company (pre-2019)founded 2014active for 11 yearsWitloofstraat 111, 1130 Brussel, BelgiumKBO/BCE: BE 0505.691.583
Summary

The computed 12-month bankruptcy probability of A.S. BUILDING SOLUTIONS is 15.5% (high). The 2024 annual accounts show equity of €258,116 and a net result of €137,318. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 41% of 9,843 sector peers (NACE 41, financial year 2024). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries (see administrative flags).

Overview

Activity
General construction of residential buildings
NACE 41001General cleaning of buildings NACE 81210
1 site
Size
€752,995total assets 2024
Equity
€258,116
Profit
€137,318
Turnover not published (micro format)
Financial health
19 Critical Checked score 2024
Bankruptcy probabilitywithin 12 months
15.5%
Structure
Accounts 76 days overdue3 of 12 deeds read
Why 19raises riskFigures for financial year 2024 (filed 05-09-2025)1 change of registered office in 24 months1 financial year not filed after the legal deadline; latest accounts 67 days late; 2 of the last 3 lateLiquidity: current ratio 1.50, cash €1,530Show the evidence

Checked score

Score 2024
19 / 100
Critical
Probability in this band: over 15.0%
Financially better than 55% of its sector peers (NACE 41, micro)
Financial strength · tick = 2023
Average
Solvency 59+3
equity 34.3% of total assets
Liquidity 15+1
short-term debt 65.7% · cash 0.2%
Profitability 92+19
return on assets 18.2%
Bankruptcy probability, 12 months
15.5% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,400 companies, NACE 41, micro)
Last 24 months 11-2024: 2.5% 12-2024: 2.5%● unchanged vs 11-2024 01-2025: 2.4%▼ -0.1 percentage points vs 12-2024 02-2025: 2.4%● unchanged vs 01-2025 03-2025: 2.4%● unchanged vs 02-2025 04-2025: 2.4%● unchanged vs 03-2025 05-2025: 2.1%▼ -0.3 percentage points vs 04-2025 06-2025: 2.0%▼ -0.1 percentage points vs 05-2025lowest value 07-2025: 2.1%▲ +0.1 percentage points vs 06-2025 08-2025: 4.8%▲ +2.7 percentage points vs 07-2025 09-2025: 5.7%▲ +0.9 percentage points vs 08-2025 10-2025: 4.2%▼ -1.5 percentage points vs 09-2025 11-2025: 4.2%● unchanged vs 10-2025 12-2025: 4.1%▼ -0.1 percentage points vs 11-2025 01-2026: 4.1%● unchanged vs 12-2025 02-2026: 4.1%● unchanged vs 01-2026 03-2026: 4.1%● unchanged vs 02-2026 04-2026: 4.0%▼ -0.1 percentage points vs 03-2026 05-2026: 4.0%● unchanged vs 04-2026 06-2026: 4.1%▲ +0.1 percentage points vs 05-2026 07-2026: 7.6%▲ +3.5 percentage points vs 06-2026 08-2026: 9.3%▲ +1.7 percentage points vs 07-2026 09-2026: 10.5%▲ +1.2 percentage points vs 08-2026 10-2026: 15.5%▲ +5.0 percentage points vs 09-2026highest value
No credit on open account
Liquidity tight (current ratio 1.5, compared with 1.42 in 2023, below the usual 1.5; short-term debt: 65.7% and cash: 0.2% of total assets), and 65.7% of the assets are financed with debt and provisions.
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 41, micro): better than 41% on solvency, 13% on liquidity, 76% on profitability and 90% on growth.

The bankruptcy probability was computed on 14-10-2026 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

Seven signals.
raises riskneutral
raises risk · Figures for financial year 2024 (filed 05-09-2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 1 financial year not filed after the legal deadline; latest accounts 67 days late; 2 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 1.50, cash €1,530
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 76 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline15-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
67 days late
2023
16 days early
2022
81 days late
2021
393 days late
2020
18 days early
2019
131 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 106 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Address struckAddress strikeout annulled
  1. Resignation: Ivo Harizanov Belchev (director)Appointment: Mevlut Oguz (director) ·…
  2. Resignation: Neslihan Köse (director)Appointment: Ivo Harizanov Belchev (director)…
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Positive: Result rose in 2024from €14,627 to €137,318 ▲ 839% View
  • Caution: Board changedlatest change 15-05-2026 · 2 in office 1 joined · 2 left View
  • Positive: Among the best 5% on net resultsector median €7,911 · 9,834 companies €137,318 View
  • Caution: Accounts not fileddeadline was 31-07-2026 76 days late View

By topic

Financials

Financial year
2024
Total assets
€752,995
Profit
€137,318
Solvency
34.3%
Total assets▲ 90.8%
Net result
20182024
Go to Financials

Timeline

Events
20
Since
2016
  1. 25-09-2025Resignation: Ali Köse (director)
  2. 01-08-2025Address strikeout annulled
  3. 11-07-2025Address struck
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
General construction of residential buildingsNACE 41001
Founded
25-11-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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