A.S.S.
ActiveSummary
A.S.S. has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €201,092 and a net result of €39,043. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+15
Solvency100=
Growth62▲+16
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 5.7 against 7.67 in 2024; short-term debt: 17.5% and cash: 2.1% of total assets), and 18.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.5%
Return on assets
15.8%
Age of the figures
18 mo
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 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
3 d early
2023
on the day
2022
2 d late
2021
8 d late
2020
25 d late
2019
17 d early
← 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 2 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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. Usually files around 31 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close01-10-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€772,609▲ 34.3%
2020 · €575,382
EBIT margin
4.2%▲ 2.2pp
2020 · 2.0%
Net result
€39,043▲ 358%
2024 · €8,529
Working capital
€202,425▲ 27.1%
2024 · €159,304
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€772,609▲ 34.3%
Operating result€32,654▲ 180%€17,060▼ 47.8%€7,401▼ 56.6%€11,501▲ 55.4%€54,385▲ 373%
Net result€25,453within the sector's middle half▲ 142%€13,203within the sector's middle half▼ 48.1%€5,407within the sector's middle half▼ 59.0%€8,529within the sector's middle half▲ 57.7%€39,043above the sector's middle half▲ 358%
EBIT margin4.2%▲ 2.2pp
Equity€134,910above the sector's middle half▲ 23.3%€148,113above the sector's middle half▲ 9.8%€153,520above the sector's middle half▲ 3.7%€162,049above the sector's middle half▲ 5.6%€201,092above the sector's middle half▲ 24.1%
Total assets€203,615within the sector's middle half▲ 32.1%€221,980within the sector's middle half▲ 9.0%€181,048within the sector's middle half▼ 18.4%€185,950within the sector's middle half▲ 2.7%€246,713within the sector's middle half▲ 32.7%
Debt€68,705▲ 53.8%€73,867▲ 7.5%€27,528▼ 62.7%€23,900▼ 13.2%€45,621▲ 90.9%
Working capital€122,726above the sector's middle half▲ 26.3%€140,903above the sector's middle half▲ 14.8%€148,275above the sector's middle half▲ 5.2%€159,304above the sector's middle half▲ 7.4%€202,425above the sector's middle half▲ 27.1%
Solvency66.3%above the sector's middle half▼ 4.8pp66.7%above the sector's middle half▲ 0.5pp84.8%above the sector's middle half▲ 18.1pp87.1%above the sector's middle half▲ 2.4pp81.5%above the sector's middle half▼ 5.6pp
Current ratio3.06within the sector's middle half▼ 0.893.09above the sector's middle half▲ 0.037.22above the sector's middle half▲ 4.147.67above the sector's middle half▲ 0.445.70above the sector's middle half▼ 1.97
Return on assets (ROA)12.5%within the sector's middle half▲ 5.7pp5.9%within the sector's middle half▼ 6.6pp3.0%within the sector's middle half▼ 3.0pp4.6%within the sector's middle half▲ 1.6pp15.8%within the sector's middle half▲ 11.2pp
Staff (FTE)0.9▲ 50.0%1.1▲ 22.2%1.1=2▲ 81.8%1.8▼ 10.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 373% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €246,713
Fixed assets
€1,188 ▼ 56.7%
Current assets
€245,525 ▲ 34.0%
Equity and liabilities €246,713
Equity
€201,092 ▲ 24.1%
Debt
€45,621 ▲ 90.9%
Debt's share of the balance-sheet total rises from 12.9% to 18.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55,942▲
2024 · €17,703
Cash flow
€40,600▲
2024 · €14,731
Quick ratio
5.61▼
2024 · 7.56
Debt to equity
0.23▲
2024 · 0.15
ROE
19.4%▲
2024 · 5.3%
Interest coverage
80.53▲
2024 · 24.62
Debt ≤ 1 year
€43,100▲
2024 · €23,900
Income taxes
€14,648▲
2024 · €2,363
Staff costs
€84,320▼
2024 · €84,553
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
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: 0.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,371 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €772,609 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €44,275 | €46,792 | €84,553 | €84,320 | ▼ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,306 | €7,648 | €5,979 | €6,202 | €1,557 | ▼ 74.9% |
| Other operating charges640/8 | - | €3,297 | €1,792 | €1,510 | €1,433 | ▼ 5.1% |
| Gross operating margin9900 | €77,622 | €72,280 | €61,964 | €103,766 | €141,696 | ▲ 36.6% |
| Operating profit (loss)9901 | €32,654 | €17,060 | €7,401 | €11,501 | €54,385 | ▲ 373% |
| Financial income75/76B | - | €577 | €255 | €110 | - | - |
| Recurring financial income75 | €12 | €577 | €255 | €110 | - | - |
| Financial charges65/66B | - | €776 | €833 | €719 | €695 | ▼ 3.4% |
| Recurring financial charges65 | €279 | €776 | €833 | €719 | €695 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | €32,387 | €16,861 | €6,824 | €10,893 | €53,690 | ▲ 393% |
| Income taxes67/77 | €6,933 | €3,658 | €1,417 | €2,363 | €14,648 | ▲ 520% |
| Profit (loss) for the period9904 | €25,453 | €13,203 | €5,407 | €8,529 | €39,043 | ▲ 358% |
| Profit (loss) for the period to be appropriated9905 | €25,453 | €13,203 | €5,407 | €8,529 | €39,043 | ▲ 358% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €203,615 | €221,980 | €181,048 | €185,950 | €246,713 | ▲ 32.7% |
| Fixed assets21/28 | €21,235 | €13,587 | €8,947 | €2,746 | €1,188 | ▼ 56.7% |
| Tangible fixed assets22/27 | €21,235 | €13,587 | €8,947 | €2,746 | €1,188 | ▼ 56.7% |
| Plant, machinery and equipment23 | - | €1,083 | €1,669 | €693 | €247 | ▼ 64.4% |
| Furniture and vehicles24 | - | €4,275 | €3,164 | €2,052 | €941 | ▼ 54.1% |
| Leasing and similar rights25 | - | €8,230 | €4,115 | - | - | - |
| Current assets29/58 | €182,380 | €208,392 | €172,101 | €183,204 | €245,525 | ▲ 34.0% |
| Stocks and contracts in progress3 | €2,946 | €13,229 | - | €2,515 | €3,875 | ▲ 54.1% |
| Stocks30/36 | - | €13,229 | - | €2,515 | €3,875 | ▲ 54.1% |
| Amounts receivable within one year40/41 | €114,806 | €157,467 | €116,320 | €126,843 | €235,533 | ▲ 85.7% |
| Trade receivables40 | - | €153,728 | €115,668 | €126,190 | €234,385 | ▲ 85.7% |
| Other amounts receivable41 | - | €3,739 | €652 | €652 | €1,148 | ▲ 76.0% |
| Cash at bank and in hand54/58 | €64,627 | €37,697 | €53,351 | €52,250 | €5,187 | ▼ 90.1% |
| Deferred charges and accrued income490/1 | - | - | €2,430 | €1,597 | €930 | ▼ 41.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €203,615 | €221,980 | €181,048 | €185,950 | €246,713 | ▲ 32.7% |
| Equity10/15 | €134,910 | €148,113 | €153,520 | €162,049 | €201,092 | ▲ 24.1% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €120,650 | €133,853 | €139,260 | €147,789 | €186,832 | ▲ 26.4% |
| Amounts payable17/49 | €68,705 | €73,867 | €27,528 | €23,900 | €45,621 | ▲ 90.9% |
| Amounts payable after more than one year17 | €9,052 | €6,377 | €3,702 | - | - | - |
| Financial debts170/4 | - | €6,377 | €3,702 | - | - | - |
| Amounts payable within one year42/48 | €59,654 | €67,490 | €23,826 | €23,900 | €43,100 | ▲ 80.3% |
| Current portion of amounts payable after more than one year42 | - | €2,548 | €2,548 | €3,576 | €3,086 | ▼ 13.7% |
| Trade debts44 | €47,450 | €36,142 | €13,859 | €12,509 | €23,970 | ▲ 91.6% |
| Suppliers440/4 | - | €36,142 | €13,859 | €12,509 | €23,970 | ▲ 91.6% |
| Advances received on contracts in progress46 | - | €22,800 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €5,619 | €7,038 | €7,687 | €15,867 | ▲ 106% |
| Taxes450/3 | - | €3,650 | €5,536 | €4,925 | €14,650 | ▲ 197% |
| Remuneration and social security454/9 | - | €1,969 | €1,502 | €2,762 | €1,217 | ▼ 55.9% |
| Other amounts payable47/48 | - | €380 | €380 | €128 | €177 | ▲ 38.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,521 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,453 | €13,203 | €5,407 | €8,529 | €39,043 | ▲ 358% |
| + Depreciation and write-downs630 | €8,306 | €7,648 | €5,979 | €6,202 | €1,557 | ▼ 74.9% |
| Operating cash flow (approximation) | €33,759 | €20,851 | €11,386 | €14,731 | €40,600 | ▲ 176% |
| Investment in fixed assets (approximation) | - | €0 | -€1,339 | €0 | €0 | - |
| Change in cash | - | -€26,930 | €15,654 | -€1,101 | -€47,063 | ▼ 4,176% |
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
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €39,043 ▲358%
Operating result €54,385, net result €39,043, both a record.
31-03
Financial
Equity above €200,000Eq €201,092 ▲24.1%
7 profitable years in a row build equity to €201,092.
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €5,407 ▼59%
Net result drops to €5,407, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity doublescurrent ratio 7.22
Current ratio from 3.09 to 7.22; short-term debt falls from €67,490 to €23,826.
31-03
Financial
Equity above €150,000Eq €153,520 ▲3.7%
5 profitable years in a row build equity to €153,520.
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2021
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
31-03
Financial
Equity above €100,000Eq €109,456 ▲10.6%
2 profitable years in a row build equity to €109,456.
Show earlier events
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 21 acts read
About the unread acts
We know of 21 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 21 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2010
Ground area
336 m²
Building footprint
336 m²
Volume, LiDAR
1,759 m³
Parcel 44432C0900/00Z008, Flanders · tallest building 14.9 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
A.S.S.
since 20102.192.608.091
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0900/00Z008 | Flanders | 335 m² | 1 · 335 m² | 14.9 m · 1 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.
Subsidies and aid
Flemish government
2025 · 1 entry · 65 EUR awarded · 65 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 65 EUR | 65 EUR |
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Of 7,862 companies in this sector we hold annual accounts for 2,666. 2,049 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded08-09-2004
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
43341Painting of buildings
43212Electrical installation work in industrial facilities
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43310Plastering work
43331Floor and wall tiling
43410Roofing work
43422Screed work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867243247
Also
9925:BE0867243247
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.