AASHA
ActiveThe file of AASHA contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show negative equity (€-652k) and a net result of €275k. Equity is shrinking by ~34.1% per year across the filed fiscal years. Its solvency ranks better than 9% of 3705 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56 against 0.4 in 2024; short-term debt: 95.1% and cash: 5.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-81.7%
Return on assets
34.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 3705 sector peers (2025).
NBB · sector comparisonPosition among 3705 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
24 d late
2024
20 d late
2023
29 d late
2022
24 d late
2021
24 d early
2020
37 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€275k
2024 · €-439k
2018: €-29k
2019: €-103k▼ -253% vs 2018
2020: €72k▲ +170% vs 2019
2021: €-68k▼ -194% vs 2020
2022: €-309k▼ -354% vs 2021
2023: €-242k▲ +21.4% vs 2022
2024: €-439k▼ -81.3% vs 2023lowest in 8 years
2025: €275k▲ +163% vs 2024highest in 8 years
2018 → 2025
Working capital
€-330k▲ 60.8%
2024 · €-844k
2018: €-108khighest in 8 years
2019: €-179k▼ -65.7% vs 2018
2020: €-119k▲ +33.5% vs 2019
2021: €-195k▼ -63.4% vs 2020
2022: €-269k▼ -38.3% vs 2021
2023: €-424k▼ -57.4% vs 2022
2024: €-844k▼ -99.1% vs 2023lowest in 8 years
2025: €-330k▲ +60.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-216k-€-245k▼ 13.2%€-487k▼ 99.0%€-927k▼ 90.2%€-652k▲ 29.7%
2021: €-216khighest in 5 years
2022: €-245k▼ -13.2% vs 2021
2023: €-487k▼ -99.0% vs 2022
2024: €-927k▼ -90.2% vs 2023lowest in 5 years
2025: €-652k▲ +29.7% vs 2024
Operating result€-19k-€-288k▼ 1,394%€-211k▲ 26.6%€-382k▼ 80.7%€-597k▼ 56.4%
2021: €-19khighest in 5 years
2022: €-288k▼ -1394% vs 2021
2023: €-211k▲ +26.6% vs 2022
2024: €-382k▼ -80.7% vs 2023
2025: €-597k▼ -56.4% vs 2024lowest in 5 years
Net result€-68k-€-309k▼ 354%€-242k▲ 21.4%€-439k▼ 81.3%€275k
2021: €-68k
2022: €-309k▼ -354% vs 2021
2023: €-242k▲ +21.4% vs 2022
2024: €-439k▼ -81.3% vs 2023lowest in 5 years
2025: €275k▲ +163% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €597k in 2025 against €382k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €798k
Fixed assets
€369k ▼ 50.8%
Current assets
€429k ▼ 24.6%
Key figures and ratios
EBITDA
€-477k▼
2024 · €-212k
Cash flow
€395k▲
2024 · €-270k
Solvency
-81.7%▼
2024 · -70.2%
Current ratio
0.56▲
2024 · 0.40
Quick ratio
0.48▲
2024 · 0.31
Debt to equity
-2.22▲
2024 · -2.42
ROA
34.5%▲
2024 · -33.3%
Interest coverage
17.28▲
2024 · -2.89
Debt
€1.45M▼
2024 · €2.25M
Debt ≤ 1 year
€759k▼
2024 · €1.41M
Debt > 1 year
€691k▼
2024 · €765k
Staff costs
€527k▼
2024 · €830k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.32M€798k▼
Fixed assets21/28€751k€369k▼
Intangible fixed assets21€318k€166k▼
Tangible fixed assets22/27€419k€189k▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€74k€75k▲
Leasing and similar rights25€159k€77k▼
Other tangible fixed assets26€187k€37k▼
Financial fixed assets28€14k€14k=
Current assets29/58€568k€429k▼
Stocks and contracts in progress3€129k€62k▼
Stocks30/36€129k€62k▼
Amounts receivable within one year40/41€419k€319k▼
Trade receivables40€374k€261k▼
Other amounts receivable41€46k€59k▲
Cash at bank and in hand54/58€18k€44k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.32M€798k▼
Equity10/15€-927k€-652k▲
Contributions10/11€299k€299k=
Profit (loss) carried forward14€-1.23M€-950k▲
Amounts payable17/49€2.25M€1.45M▼
Amounts payable after more than one year17€765k€691k▼
Financial debts170/4€91k€12k▼
Other amounts payable178/9€674k€679k▲
Amounts payable within one year42/48€1.41M€759k▼
Current portion of amounts payable after more than one year42€123k€81k▼
Financial debts43€50k€50k=
Credit institutions430/8€50k€50k=
Trade debts44€985k€509k▼
Suppliers440/4€985k€509k▼
Taxes, remuneration and social security45€226k€90k▼
Taxes450/3€26k-
Remuneration and social security454/9€200k€90k▼
Other amounts payable47/48€28k€28k=
Accrued charges and deferred income492/3€69k-
Income statement
Code20242025
Non-recurring operating income76A€977€1k▲
Remuneration, social security and pensions62€830k€527k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€170k€120k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€5k
Other operating charges640/8€452€5k▲
Non-recurring operating charges66A€500€290k▲
Gross operating margin9900€619k€350k▼
Operating profit (loss)9901€-382k€-597k▼
Financial income75/76B€16k€844k▲
Recurring financial income75€531€132▼
Non-recurring financial income76B€15k€844k▲
Financial charges65/66B€73k€-28k▼
Recurring financial charges65€73k€-28k▼
Non-recurring financial charges66B€228-
Profit (loss) for the period before taxes9903€-439k€275k▲
Profit (loss) for the period9904€-439k€275k▲
Profit (loss) for the period to be appropriated9905€-439k€275k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.23M€-950k▲
Profit (loss) brought forward from the previous period14P€-786k€-1.23M▼
Social balance
Average headcount (FTE)908725.413.6▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €159 | €10k | - | €977 | €1k | ▲ 22.8% |
| Remuneration, social security and pensions62 | €604k | €737k | €1.01M | €830k | €527k | ▼ 36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €131k | €147k | €159k | €170k | €120k | ▼ 29.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €314 | €1k | - | €5k | - |
| Other operating charges640/8 | €2k | €2k | €3k | €452 | €5k | ▲ 914% |
| Non-recurring operating charges66A | €94 | - | €1k | €500 | €290k | ▲ 57,951% |
| Gross operating margin9900 | €718k | €599k | €961k | €619k | €350k | ▼ 43.5% |
| Operating profit (loss)9901 | €-19k | €-288k | €-211k | €-382k | €-597k | ▼ 56.4% |
| Financial income75/76B | - | - | €3k | €16k | €844k | ▲ 5,316% |
| Recurring financial income75 | - | - | €552 | €531 | €132 | ▼ 75.1% |
| Non-recurring financial income76B | - | - | €2k | €15k | €844k | ▲ 5,506% |
| Financial charges65/66B | €49k | €21k | €34k | €73k | €-28k | ▼ 138% |
| Recurring financial charges65 | €46k | €21k | €34k | €73k | €-28k | ▼ 138% |
| Non-recurring financial charges66B | €2k | - | - | €228 | - | - |
| Profit (loss) for the period before taxes9903 | €-68k | €-309k | €-242k | €-439k | €275k | ▲ 163% |
| Income taxes67/77 | €61 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-68k | €-309k | €-242k | €-439k | €275k | ▲ 163% |
| Profit (loss) for the period to be appropriated9905 | €-68k | €-309k | €-242k | €-439k | €275k | ▲ 163% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.13M | €1.23M | €1.35M | €1.32M | €798k | ▼ 39.5% |
| Fixed assets21/28 | €886k | €845k | €789k | €751k | €369k | ▼ 50.8% |
| Intangible fixed assets21 | €402k | €348k | €290k | €318k | €166k | ▼ 47.7% |
| Tangible fixed assets22/27 | €472k | €483k | €485k | €419k | €189k | ▼ 54.8% |
| Plant, machinery and equipment23 | €9k | €5k | €0 | €0 | €0 | - |
| Furniture and vehicles24 | €10k | €6k | €80k | €74k | €75k | ▲ 0.9% |
| Leasing and similar rights25 | €213k | €232k | €195k | €159k | €77k | ▼ 51.3% |
| Other tangible fixed assets26 | €240k | €240k | €211k | €187k | €37k | ▼ 80.0% |
| Financial fixed assets28 | €12k | €14k | €14k | €14k | €14k | = |
| Current assets29/58 | €247k | €388k | €560k | €568k | €429k | ▼ 24.6% |
| Stocks and contracts in progress3 | €171k | €185k | €208k | €129k | €62k | ▼ 52.0% |
| Stocks30/36 | €171k | €185k | €208k | €129k | €62k | ▼ 52.0% |
| Amounts receivable within one year40/41 | €57k | €170k | €321k | €419k | €319k | ▼ 23.8% |
| Trade receivables40 | €50k | €92k | €307k | €374k | €261k | ▼ 30.2% |
| Other amounts receivable41 | €7k | €77k | €14k | €46k | €59k | ▲ 28.5% |
| Cash at bank and in hand54/58 | €18k | €27k | €29k | €18k | €44k | ▲ 146% |
| Deferred charges and accrued income490/1 | €1k | €6k | €2k | €3k | €4k | ▲ 32.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.13M | €1.23M | €1.35M | €1.32M | €798k | ▼ 39.5% |
| Equity10/15 | €-216k | €-245k | €-487k | €-927k | €-652k | ▲ 29.7% |
| Contributions10/11 | €19k | €299k | €299k | €299k | €299k | = |
| Outside capital11 | €19k | €299k | - | - | - | - |
| Other1109/19 | €19k | €299k | - | - | - | - |
| Profit (loss) carried forward14 | €-235k | €-543k | €-786k | €-1.23M | €-950k | ▲ 22.4% |
| Amounts payable17/49 | €1.35M | €1.48M | €1.84M | €2.25M | €1.45M | ▼ 35.5% |
| Amounts payable after more than one year17 | €908k | €821k | €853k | €765k | €691k | ▼ 9.7% |
| Financial debts170/4 | €389k | €297k | €229k | €91k | €12k | ▼ 87.3% |
| Other amounts payable178/9 | €519k | €524k | €624k | €674k | €679k | ▲ 0.7% |
| Amounts payable within one year42/48 | €442k | €657k | €984k | €1.41M | €759k | ▼ 46.3% |
| Current portion of amounts payable after more than one year42 | €114k | €132k | €137k | €123k | €81k | ▼ 33.8% |
| Financial debts43 | €5k | €50k | €50k | €50k | €50k | = |
| Credit institutions430/8 | €5k | €50k | €50k | €50k | €50k | = |
| Trade debts44 | €200k | €240k | €555k | €985k | €509k | ▼ 48.3% |
| Suppliers440/4 | €200k | €240k | €555k | €985k | €509k | ▼ 48.3% |
| Taxes, remuneration and social security45 | €77k | €203k | €214k | €226k | €90k | ▼ 60.0% |
| Taxes450/3 | - | €28k | €25k | €26k | - | - |
| Remuneration and social security454/9 | €77k | €175k | €189k | €200k | €90k | ▼ 54.7% |
| Other amounts payable47/48 | €46k | €33k | €29k | €28k | €28k | = |
| Accrued charges and deferred income492/3 | - | - | - | €69k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-68k | €-309k | €-242k | €-439k | €275k | ▲ 163% |
| + Depreciation and write-downs630 | €131k | €147k | €159k | €170k | €120k | ▼ 29.3% |
| Operating cash flow (approximation) | €63k | €-161k | €-83k | €-270k | €395k | ▲ 246% |
| Investment in fixed assets (approximation) | - | €-107k | €-104k | €-132k | €262k | ▲ 299% |
| Change in cash | - | €9k | €1k | €-11k | €26k | ▲ 337% |
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
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Back to profitnet €275k
Net result €275k after 4 loss-making years.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
24-07
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Brabant wallon · event 09-07-2025
02-05
Judicial reorganisation
Opening
Tribunal de l’entreprise du Brabant wallon · collective agreement · event 24-04-2025
2024
31-12
Financial
Weakest financial yearnet €-439k
Net result drops to €-439k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €72k
Net result €72k after 2 loss-making years.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Elsene · 1 establishment unit since 2016
Ground area
214 m²
Building footprint
141 m²
Volume, LiDAR
1,707 m³
Parcel 21445C0293/00K009, Brussels · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CHAMBELLAND
since 20162.252.261.707
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0293/00K009 | Brussels | 214 m² | 1 · 141 m² | 14.6 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.252.261.707
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 1,379 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47241Retail sale of bread and pastry (bakery outlets)
56112Limited-service restaurants, excluding mobile food services
46360Wholesale trade
47242Retail sale of chocolate and confectionery
Scores and ratios are computed by Checked and are not a credit decision.