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Generated 07-08-2026
Active BE 0775.863.606Private limited company

A.S.R.

Helmetsesteenweg 26 ·1030 Schaarbeek, Belgium· 4 yrs active
Sector: Specialised construction (43990)
Conclusion Checked

The computed 12-month bankruptcy probability of A.S.R. is 11.5% (high). The 2024 annual accounts show negative equity (€-8k) and a net result of €-5k. Equity is shrinking by ~166.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 11080 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-8k
Net result €-5k
Better than sector 5%
Active 4 yrs
Snowflake analysis 5 axes · computed by Checked
Health15Profitability100Solvency33Growth32Stability94
55 / 100

Mixed profile: strong on profitability, weaker on health.

Health 15
Profitability 100
Solvency 33
Growth 32
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
11.5% High
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
15 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 05-12-2025 with the NBB · fiscal year 2024 · micro
€-10k€-5k€0€5kOperating result 2022: €4k€4kNet result 2022: €3k€3kOperating result 2023: €-6k€-6kNet result 2023: €-6k€-6kOperating result 2024: €-5k€-5kNet result 2024: €-5k€-5k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~166.8%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-30k€-20k€-10k€02025: €-14k (€-14k - €-13k)2026: €-19k (€-20k - €-18k)2027: €-25k (€-25k - €-24k)2022: €3k2023: €-3k2024: €-8k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -1011.6% 40.9%
better than 5% of 11080 sector peers
Net result €-5k €11k
better than 14% of 11062 sector peers
Equity €-8k €34k
better than 5% of 11083 sector peers
Gross operating margin €10k €35k
better than 21% of 11053 sector peers
Staff costs €13k €25k
higher than 42% of 4035 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-4k
- 22-24
Net profit
€-5k
+27.5% 22-24
Cash flow
€-4k
- 22-24
Total assets
€792
-97.5% 22-24
Equity
€-8k
-140.2% 22-24
Working capital
€-9k
+30.8% 22-24
Staff costs
€13k
-55.4% 22-24
Income taxes
€395
-61.6% 22-24
Debt
€9k
-74.7% 22-24
Debt ≤ 1y
€9k
-74.7% 22-24
Current ratio
0.01
-98.7% 22-24
Quick ratio
0.01
-98.7% 22-24
Solvency
-1011.6%
-9423.2% 22-24
Debt / equity
-1.10
+89.4% 22-24
ROE
58.4%
-69.8% 22-24
ROA
-590.5%
-2774.0% 22-24
Interest coverage
-159.70
- 22-24
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€-4k
Net profit€-5k
Cash flow€-4k
Staff costs€13k
Income taxes-
Dividends-
Total assets€792
Equity€-8k
Debt€9k
of which ≤ 1y€9k
of which > 1y-
Working capital€-9k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.01
Quick ratio0.01
Working capital ratio-1102.6%
Solvency-1011.6%
Debt / equity-1.10
Long-term debt ratio-
Interest coverage-159.70
Gross margin-
Net margin-
ROA-590.5%
ROE58.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€792
Fixed assets 21/28€721
Tangible fixed assets 22/27€721
Current assets 29/58€71
Amounts receivable within one year 40/41€67
Cash & bank 54/58€4
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€792
Equity 10/15€-8k
Contributions / capital 10/11€500
Accumulated profits (losses) 14€-9k
Amounts payable 17/49€9k
Amounts payable within one year 42/48€9k
Income statement
Gross operating margin 9900€10k
Operating result 9901€-5k
Financial income 75€1
Financial charges 65€25
Result before taxes 9903€-5k
Net result for the period 9904€-5k
Result to be appropriated 9905€-5k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • CAKIRGENÇ Emre
    Director
    State Gazette act 25162567 (29-12-2025)
    Current
    16-12-2025 → present
Former directors (2)
  • DÜLGER Ferhat
    Director
    State Gazette act 25012706 (24-01-2025)
    Former
    24-01-2025 → 16-12-2025
    2 events
    • 16-12-2025 Resigned· Director
    • 24-01-2025 Appointed· Director
  • CHAOUKI Ridouan
    Director
    State Gazette act 25012706 (24-01-2025)
    Former
    - → 24-01-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Specialised construction(43990)
Legal form Private limited company(610)
Incorporation18-10-2021
StatusActive
Postal code1030
Establishment units 1 location
LIBRAIRIE FERO
Helmetsesteenweg 211, 1030 SchaarbeekBouwrijp maken van terreinen
since 20222.323.266.794
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21902A0448/00B002 Brussels 104 m² 1 · 104 m² 19.7 m · 4 fl.
21902A0345/00L000 Brussels 104 m² 1 · 114 m² 19.1 m · 6 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
29-12-2025
State Gazette act Director changes
v3.2
05-12-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
24-01-2025
State Gazette act Director changes
v3.2
2024
26-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
26-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2021
20-10-2021
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 3 acts
All acts · 3 updated 7 months ago
2025
29-12-2025 1 director appointed, 1 resigning Director changes
  • CAKIRGENÇ Emre, Bestuurder
  • DÜLGER Ferhat, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "D\u00DCLGER Ferhat",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-12-16",
      "evidence_quote": "La d\u00E9mission en tant qu\u0027administrateur de Monsieur D\u00DCLGER Ferhat et ce \u00E0 partir de ce jour"
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "CAKIRGEN\u00C7 Emre",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-12-16",
      "evidence_quote": "La nomination en tant qu\u0027administrateur de Monsieur CAKIRGEN\u00C7 Emre et ce \u00E0 partir de ce jour"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0775.863.606",
    "name_full": "A.S.R.",
    "legal_form": "SRL"
  }
}
24-01-2025 1 director appointed, 1 resigning Director changes
  • DÜLGER Ferhat, Bestuurder
  • CHAOUKI Ridouan, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "CHAOUKI Ridouan",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-01-24",
      "evidence_quote": "La d\u00E9mission en tant qu\u0027administrateur de Monsieur CHAOUKI Ridouan et ce \u00E0 partir de ce jour;"
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "D\u00DCLGER Ferhat",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-01-24",
      "evidence_quote": "La nomination en tant qu\u0027administrateur de Monsieur D\u00DCLGER Ferhat et ce \u00E0 partir de ce jour;"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0775.863.606",
    "name_full": "A.S.R.",
    "legal_form": "SRL"
  }
}
2021
20-10-2021 Incorporation of a new SRL Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "1020 Bruxelles, Rue des Artistes 7",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "CHAOUKI Ridouan",
        "niss": null,
        "address": "1020 Bruxelles, rue des Artistes 7"
      },
      "share_class": "Actions",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 500,
      "holder_person_name": "CHAOUKI Ridouan",
      "is_subscriber_only": false,
      "n_shares_subscribed": 100,
      "amount_subscribed_eur": 500,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 500,
  "subject_company": {
    "kbo": "0775.863.606",
    "name_full": "A.S.R.",
    "legal_form": "SRL"
  },
  "initial_directors": [],
  "incorporation_date": "2021-10-04",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Detailhandel in kranten en andere tijdschriften47621Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410
Primary activity highlighted.
Names & trade names
Legal nameFR A.S.R.
Registered office
Helmetsesteenweg 26
1030 Schaarbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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ANIS BE 0426.265.312 · Schaarbeek
EUROBEL CONSTRUCT BE 0437.431.101 · Schaarbeek
FABI BE 0432.808.951 · Schaarbeek
Fabima BE 0402.037.086 · Schaarbeek
SOCATRA BE 0402.054.409 · Schaarbeek
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative