A-SAN
InactiveA-SAN was declared bankrupt on 30-06-2022 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 29-07-2025, published in the Belgian State Gazette on 05-08-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline23-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 21-02-2022, 160 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
160 d early
2020
157 d early
2019
89 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2021, abbreviated schema
Turnover
€778k▲ 61.7%
2020 · €481k
2018: €703k
2019: €357k
2020: €481k
2018 → 2021
EBIT margin
15.1%▲ 12.4pp
2020 · 2.6%
2018: 1.2%
2019: 4.2%
2020: 2.6%
2018 → 2021
Net result
€91k▲ 853%
2020 · €10k
2018: €12k
2019: €14k
2020: €10k
2018 → 2021
Working capital
€134k▲ 269%
2020 · €36k
2018: €34k
2019: €44k
2020: €36k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€703k-€357k▼ 49.2%€481k▲ 34.8%€778k▲ 61.7%
Equity€38k-€53k▲ 37.8%€62k▲ 18.2%€160k▲ 157%
Operating result€9k-€15k▲ 70.7%€13k▼ 15.5%€117k▲ 827%
Net result€12k-€14k▲ 18.3%€10k▼ 33.6%€91k▲ 853%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 827% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €482k
Fixed assets
€39k▲ 52.0%
Current assets
€443k▼ 25.9%
Equity and liabilities €482k
Equity
€160k▲ 157%
Debt
€322k▼ 42.6%
The debt ratio falls from 90.0% to 66.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€122k▲
2020 · €15k
Cash flow
€96k▲
2020 · €12k
Solvency
33.2%▲
2020 · 10.0%
Current ratio
1.43▲
2020 · 1.06
Quick ratio
1.04▲
2020 · 0.90
Debt / equity
0.08
ROE
57.2%▲
2020 · 15.4%
ROA
19.0%▲
2020 · 1.5%
Debt
€322k▼
2020 · €561k
Debt ≤ 1 year
€309k▼
2020 · €561k
Debt > 1 year
€14k
Income taxes
€25k▲
2020 · €3k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€623k€482k▼
Fixed assets21/28€26k€39k▲
Tangible fixed assets22/27€24k€38k▲
Financial fixed assets28€2k€2k▲
Current assets29/58€597k€443k▼
Stocks and contracts in progress3€94k€123k▲
Amounts receivable within one year40/41€499k€298k▼
Current investments50/53-€15k
Cash at bank and in hand54/58€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€623k€482k▼
Equity10/15€62k€160k▲
Contributions10/11€12k€19k▲
Reserves13€50k€141k▲
Profit (loss) carried forward14€12k-
Amounts payable17/49€561k€322k▼
Amounts payable after more than one year17-€14k
Amounts payable within one year42/48€561k€309k▼
Trade debts44€526k€253k▼
Income statement
Code20202021
Turnover70€481k€778k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Gross operating margin9900€82k€197k▲
Operating profit (loss)9901€13k€117k▲
Recurring financial charges65€264€698▲
Profit (loss) for the period before taxes9903€12k€116k▲
Income taxes67/77€3k€25k▲
Profit (loss) for the period9904€10k€91k▲
Profit (loss) for the period to be appropriated9905€10k€91k▲
Timeline · acts, filings and financial milestones
2025
05-08
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · A-SAN BV GALGE- VELDSTRAAT 14, 3293 KAGGEVINE · event 29-07-2025
2023
15-12
KBO administration
Address struck
Galgeveldstraat 14 Die Sitzadresse Galgeveldstraat 14 3293 Diest
Diest · event 08-03-2022
2022
06-07
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · A-SAN BV GALGEVELD- STRAAT 14, 3293 KAGGEVINE · event 30-06-2022
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €91k ▲853%
Operating result €117k, net result €91k, both a record.
31-12
Financial
Equity above €150kEq €160k ▲157%
4 profitable years in a row build equity to €160k.
24-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €10k ▼33.6%
Net result drops to €10k, the lowest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 146 days late
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DEBORAH ES KRAASBEEKSTRAAT 41, 3390 TIELT (BT.)- |
30-06-2022 → present |
Company data · Crossroads Bank
Identification
Legal formBVBA
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filings
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.