A-S-W
ActiveA-S-W has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €784k and a net result of €128k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+21
Solvency61▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.57 in 2024; short-term debt: 63.5% and cash: 11.8% of total assets), and 63.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← 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
36.5%
Return on assets
6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
14 d early
2023
33 d early
2022
25 d early
2021
27 d early
2020
15 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€784k▲ 19.5%
2024 · €656k
2018: €578k
2019: €615k
2020: €246k
2021: €545k
2022: €573k
2023: €678k
2024: €656k
2018 → 2025
Total assets
€2.15M▲ 34.3%
2024 · €1.60M
2018: €1.75M
2019: €2.18M
2020: €1.73M
2021: €1.72M
2022: €1.60M
2023: €1.88M
2024: €1.60M
2018 → 2025
Net result
€128k▲ 29.2%
2024 · €99k
2018: €84k
2019: €37k
2020: €-369k
2021: €299k
2022: €28k
2023: €105k
2024: €99k
2018 → 2025
Working capital
€510k▼ 4.9%
2024 · €536k
2018: €503k
2019: €538k
2020: €161k
2021: €433k
2022: €474k
2023: €588k
2024: €536k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€545k-€573k▲ 5.1%€678k▲ 18.3%€656k▼ 3.2%€784k▲ 19.5%
Operating result€371k-€58k▼ 84.4%€168k▲ 189%€212k▲ 26.4%€190k▼ 10.5%
Net result€299k-€28k▼ 90.7%€105k▲ 276%€99k▼ 5.5%€128k▲ 29.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.15M
Fixed assets
€274k▲ 129%
Current assets
€1.88M▲ 26.6%
Equity and liabilities €2.15M
Equity
€784k▲ 19.5%
Debt
€1.37M▲ 44.5%
The debt ratio rises from 59.0% to 63.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€215k▼
2024 · €229k
Cash flow
€153k▲
2024 · €117k
Solvency
36.5%▼
2024 · 41.0%
Current ratio
1.37▼
2024 · 1.57
Quick ratio
0.83▲
2024 · 0.83
Debt / equity
1.74▲
2024 · 1.44
ROE
16.3%▲
2024 · 15.1%
ROA
6.0%▼
2024 · 6.2%
Interest coverage
9.29▲
2024 · 3.46
Debt
€1.37M▲
2024 · €946k
Debt ≤ 1 year
€1.37M▲
2024 · €946k
Income taxes
€40k▼
2024 · €47k
Staff costs
€1.42M▲
2024 · €1.23M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.60M€2.15M▲
Fixed assets21/28€120k€274k▲
Tangible fixed assets22/27€92k€236k▲
Land and buildings22€30k€28k▼
Plant, machinery and equipment23€36k€26k▼
Furniture and vehicles24€26k€49k▲
Other tangible fixed assets26-€132k
Financial fixed assets28€28k€39k▲
Current assets29/58€1.48M€1.88M▲
Stocks and contracts in progress3€700k€741k▲
Stocks30/36€700k€741k▲
Amounts receivable within one year40/41€484k€793k▲
Trade receivables40€323k€555k▲
Other amounts receivable41€161k€238k▲
Cash at bank and in hand54/58€264k€255k▼
Deferred charges and accrued income490/1€35k€88k▲
Equity and liabilities
Total equity and liabilities10/49€1.60M€2.15M▲
Equity10/15€656k€784k▲
Contributions10/11€19k€19k=
Reserves13€571k€571k=
Distributable reserves133€571k€571k=
Profit (loss) carried forward14€67k€195k▲
Amounts payable17/49€946k€1.37M▲
Amounts payable within one year42/48€946k€1.37M▲
Current portion of amounts payable after more than one year42€50k€84k▲
Financial debts43€200k€185k▼
Credit institutions430/8€200k€185k▼
Trade debts44€339k€909k▲
Suppliers440/4€339k€909k▲
Taxes, remuneration and social security45€155k€174k▲
Taxes450/3€15k€9k▼
Remuneration and social security454/9€140k€165k▲
Other amounts payable47/48€201k€15k▼
Income statement
Code20242025
Non-recurring operating income76A€8k€0▼
Remuneration, social security and pensions62€1.23M€1.42M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€25k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€21k
Other operating charges640/8€6k€5k▼
Gross operating margin9900€1.47M€1.66M▲
Operating profit (loss)9901€212k€190k▼
Financial income75/76B€500€1k▲
Recurring financial income75€500€1k▲
Financial charges65/66B€66k€23k▼
Recurring financial charges65€66k€23k▼
Profit (loss) for the period before taxes9903€146k€168k▲
Income taxes67/77€47k€40k▼
Profit (loss) for the period9904€99k€128k▲
Profit (loss) for the period to be appropriated9905€99k€128k▲
Appropriation of the result
Profit (loss) to be appropriated9906€166k€195k▲
Profit (loss) brought forward from the previous period14P€67k€67k=
Transfer from equity791/2€121k€0▼
Transfer to equity691/2€99k€0▼
To other reserves6921€99k€0▼
Profit to be distributed694/7€121k€0▼
Return on contributions (dividend)694€121k€0▼
Social balance
Average headcount (FTE)908720.223.0▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €299k
Net result €299k after one loss-making year.
31-12
Financial
Equity above €500kEq €545k ▲122%
Equity rises from €246k to €545k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-369k ▼1108%
Net result drops to €-369k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Dilsen-Stokkem · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Meerkensstraat 143650 Dilsen-StokkemGround area
5,953 m²
Building footprint
3,102 m²
Volume, LiDAR
20,127 m³
Parcel 73043B0289/00N005, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
A-S-W
since 20022.095.975.406
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73043B0289/00N005 | Flanders | 5,953 m² | 1 · 3,102 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 197 EUR awarded · 197 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 197 EUR | 197 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesA-S-W BV27632
Dual-learning approval
3 endedSimilar companies · same sector, comparable size
ILO KEUKENS & INTERIEUR
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BE 0439.538.375
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Menuiserie CORNET
BE 0415.500.983
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ALGEMENE BOUWONDERNEMING JO MERCKX
BE 0466.634.633
Stekene · Eq €782k
PAUWELS
BE 0417.904.209
Ninove · Eq €782k
Of 20,031 companies in sector 43320 we hold annual accounts for 9,133. 4,969 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-04-2002
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.