A.S Psy
ActiveSummary
The computed 12-month bankruptcy probability of A.S Psy is 2.4% (moderate). The 2025 annual accounts show equity of €25,345 and a net result of €71,138. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+5
Solvency34▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.07 in 2024; short-term debt: 30.7% and cash: 28.5% of total assets), and 91% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €25,345
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
1 d early
2022
4 d early
2021
29 d late
2020
39 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 9 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€25,345▲ 36.3%
2024 · €18,600
Total assets
€282,292▼ 26.0%
2024 · €381,512
Net result
€71,138▼ 11.5%
2024 · €80,385
Working capital
€15,945▲ 22.2%
2024 · €13,049
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€104,813▲ 26.8%€111,049▲ 5.9%€114,180▲ 2.8%€110,578▼ 3.2%€98,692▼ 10.7%
Net result€82,253▲ 30.0%€81,866▼ 0.5%€82,281▲ 0.5%€80,385▼ 2.3%€71,138▼ 11.5%
Equity€163,311▲ 101%€245,177▲ 50.1%€18,600▼ 92.4%€18,600=€25,345▲ 36.3%
Total assets€399,116▲ 19.4%€464,815▲ 16.5%€447,367▼ 3.8%€381,512▼ 14.7%€282,292▼ 26.0%
Debt€235,805▼ 6.8%€219,638▼ 6.9%€428,767▲ 95.2%€362,912▼ 15.4%€256,947▼ 29.2%
Working capital€170,735▲ 81.7%€247,029▲ 44.7%€16,341▼ 93.4%€13,049▼ 20.1%€15,945▲ 22.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 11% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €282,292
Fixed assets
€179,672 ▼ 4.1%
Current assets
€102,620 ▼ 47.1%
Equity and liabilities €282,292
Equity
€25,345 ▲ 36.3%
Debt
€256,947 ▼ 29.2%
Debt's share of the balance-sheet total falls from 95.1% to 91.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€106,386▼
2024 · €118,272
Cash flow
€78,832▼
2024 · €88,079
Current ratio
1.18▲
2024 · 1.07
Debt to equity
10.14▼
2024 · 19.51
ROE
280.7%▼
2024 · 432.2%
ROA
25.2%▲
2024 · 21.1%
Interest coverage
27.66▼
2024 · 29.15
Debt ≤ 1 year
€86,675▼
2024 · €181,097
Debt > 1 year
€169,221▼
2024 · €180,499
Income taxes
€24,831▼
2024 · €27,256
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,151 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,529 | €7,685 | €7,694 | €7,694 | €7,694 | = |
| Other operating charges640/8 | - | €849 | €859 | €944 | €972 | ▲ 2.9% |
| Gross operating margin9900 | €113,187 | €119,583 | €122,733 | €119,216 | €107,358 | ▼ 9.9% |
| Operating profit (loss)9901 | €104,813 | €111,049 | €114,180 | €110,578 | €98,692 | ▼ 10.7% |
| Financial income75/76B | - | €2,597 | - | €1,120 | €1,123 | ▲ 0.3% |
| Recurring financial income75 | €2,781 | €2,597 | - | €1,120 | €1,123 | ▲ 0.3% |
| Financial charges65/66B | - | €4,359 | €4,216 | €4,057 | €3,846 | ▼ 5.2% |
| Recurring financial charges65 | €4,497 | €4,359 | €4,216 | €4,057 | €3,846 | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | €103,097 | €109,287 | €109,964 | €107,641 | €95,969 | ▼ 10.8% |
| Income taxes67/77 | €20,844 | €27,421 | €27,683 | €27,256 | €24,831 | ▼ 8.9% |
| Profit (loss) for the period9904 | €82,253 | €81,866 | €82,281 | €80,385 | €71,138 | ▼ 11.5% |
| Profit (loss) for the period to be appropriated9905 | €82,253 | €81,866 | €82,281 | €80,385 | €71,138 | ▼ 11.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €399,116 | €464,815 | €447,367 | €381,512 | €282,292 | ▼ 26.0% |
| Fixed assets21/28 | €207,494 | €202,754 | €195,060 | €187,366 | €179,672 | ▼ 4.1% |
| Tangible fixed assets22/27 | €207,494 | €202,754 | €195,060 | €187,366 | €179,672 | ▼ 4.1% |
| Land and buildings22 | - | €202,754 | €195,060 | €187,366 | €179,672 | ▼ 4.1% |
| Current assets29/58 | €191,622 | €262,061 | €252,307 | €194,146 | €102,620 | ▼ 47.1% |
| Amounts receivable within one year40/41 | €36,861 | €48,205 | €4,529 | €1,137 | €6,093 | ▲ 436% |
| Trade receivables40 | - | €274 | €2,097 | €93 | - | - |
| Other amounts receivable41 | - | €47,931 | €2,432 | €1,044 | €6,093 | ▲ 483% |
| Cash at bank and in hand54/58 | €147,899 | €198,738 | €234,078 | €172,209 | €80,582 | ▼ 53.2% |
| Deferred charges and accrued income490/1 | - | €15,118 | €13,699 | €20,800 | €15,945 | ▼ 23.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €399,116 | €464,815 | €447,367 | €381,512 | €282,292 | ▼ 26.0% |
| Equity10/15 | €163,311 | €245,177 | €18,600 | €18,600 | €25,345 | ▲ 36.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €144,711 | €226,577 | - | - | €6,745 | - |
| Amounts payable17/49 | €235,805 | €219,638 | €428,767 | €362,912 | €256,947 | ▼ 29.2% |
| Amounts payable after more than one year17 | €213,071 | €202,420 | €191,564 | €180,499 | €169,221 | ▼ 6.2% |
| Financial debts170/4 | - | €202,420 | €191,564 | €180,499 | €169,221 | ▼ 6.2% |
| Amounts payable within one year42/48 | €20,888 | €15,033 | €235,966 | €181,097 | €86,675 | ▼ 52.1% |
| Current portion of amounts payable after more than one year42 | - | €11,529 | €11,751 | €11,978 | €12,209 | ▲ 1.9% |
| Trade debts44 | €139 | - | - | - | €891 | - |
| Suppliers440/4 | - | - | - | - | €891 | - |
| Taxes, remuneration and social security45 | - | €3,109 | €488 | €372 | €351 | ▼ 5.7% |
| Taxes450/3 | - | €3,109 | €488 | €372 | €351 | ▼ 5.7% |
| Other amounts payable47/48 | - | €395 | €223,727 | €168,747 | €73,225 | ▼ 56.6% |
| Accrued charges and deferred income492/3 | - | €2,185 | €1,237 | €1,316 | €1,052 | ▼ 20.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €82,253 | €81,866 | €82,281 | €80,385 | €71,138 | ▼ 11.5% |
| + Depreciation and write-downs630 | €7,529 | €7,685 | €7,694 | €7,694 | €7,694 | = |
| Operating cash flow (approximation) | €89,782 | €89,551 | €89,975 | €88,079 | €78,832 | ▼ 10.5% |
| Investment in fixed assets (approximation) | - | -€2,945 | €0 | €0 | €0 | - |
| Change in cash | - | €50,839 | €35,340 | -€61,869 | -€91,627 | ▼ 48.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2020net €82,281 ▲0.5%
Operating result €114,180, net result €82,281, both a record.
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €200,000Eq €245,177 ▲50.1%
3 profitable years in a row build equity to €245,177.
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
31-03
Financial
Liquidity doublescurrent ratio 9.17
Current ratio from 4.26 to 9.17; short-term debt falls from €28,819 to €20,888.
31-03
Financial
Equity above €150,000Eq €163,311 ▲101%
2 profitable years in a row build equity to €163,311.
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 39 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel
Ground area
189 m²
Building footprint
63 m²
Volume, LiDAR
446 m³
Parcel 21616G0186/00Y003, Brussels · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0186/00Y003 | Brussels | 189 m² | 1 · 63 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded06-09-2018
Fiscal year end31-03
E-invoicing
Reachable via Peppol
Peppol ID
0208:0702878232
Also
9925:BE0702878232
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.