Equity
-€651,612
Debts exceed assets in financial year 2025.
AASHA
Lifetime
9 annual accounts with figures on one time axispeak €961,202 (2023)
€350,030▼ 43.5%
lowest -€439,400 (2024)
€275,065▲ €714,465
peak -€88,059 (2017)
-€651,612▲ €275,065
€1.4m▼ 35.5%
peak 41.5 FTE (2022)
13.6 FTE▼ 46.5%
Board3 names since 2018
1 directorArnaud Rasquinet
Documentsfilings and deeds
24-08-202624 days late
2025abbreviated format
Plan homologation 24-07Judicial reorganisation opened 02-05Gross margin from €619,172 to €350,030Back to profit: €275,065Staff from 25.4 FTE to 13.6 FTERegistered office moved from Brussels to Court-Saint-Etienne 07-02
Key points
from the 2025 annual accountsResult
€275,065 €275,065
Back in profit in 2025, after a loss of €439,400 in 2024.
Debts
€1.4m 182% of the balance sheet
Financial debts 4%Suppliers 35%Taxes and wages 6%Other 54%
Of this, €759,007 falls due within a year.
Staff
13.6 FTE from 41.5 in 2022
Between 2022 and 2025, 67% of the full-time equivalents disappeared.
Filings
9 annual accounts 5 late
The 2017 accounts came latest: 56 days after the end of the period.
Position in the sector
-€651,612
Less equity than 95% of companies in food and beverage service. Sector median €78,347 · 4,847 companies.
Checked score
13
Critical
Financially stronger than 46% of small companies in food and beverage service (NACE 56)
Probability in this band: over 15.0%
Bankruptcy probability within 12 months
≥ 25% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 1,614 companies (NACE 56, small).
About 1 in 4 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.9%lowest value
01-2025: 5.9%● unchanged vs 12-2024lowest value
02-2025: 6.0%▲ +0.1 percentage points vs 01-2025
03-2025: 7.4%▲ +1.4 percentage points vs 02-2025
04-2025: 7.6%▲ +0.2 percentage points vs 03-2025
05-2025: 8.0%▲ +0.4 percentage points vs 04-2025
08-2025: ≥ 25%
09-2025: ≥ 25%● unchanged vs 08-2025
10-2025: ≥ 25%● unchanged vs 09-2025
11-2025: ≥ 25%● unchanged vs 10-2025
12-2025: ≥ 25%● unchanged vs 11-2025
01-2026: ≥ 25%● unchanged vs 12-2025
02-2026: ≥ 25%● unchanged vs 01-2026
03-2026: ≥ 25%● unchanged vs 02-2026
04-2026: ≥ 25%● unchanged vs 03-2026
05-2026: ≥ 25%● unchanged vs 04-2026
06-2026: ≥ 25%● unchanged vs 05-2026
07-2026: ≥ 25%● unchanged vs 06-2026highest value
08-2026: ≥ 25%● unchanged vs 07-2026
09-2026: ≥ 25%● unchanged vs 08-2026
10-2026: ≥ 25%● unchanged vs 09-2026
11-2026: ≥ 25%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Reorganisation plan being carried out (approved, Gazette 24-07-2025)
2 changes of registered office in 24 months
Negative equity -€651,612
2 warning signals in 24 months (reorganisation 2)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, small). It does better than 4% of them on solvency, 3% on liquidity, 96% on profitability and 80% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 265 companies had the same profile as AASHA has now. Each dot is one company, two years later.
94.3%
were still trading
3.4%
stopped another way
1.1%
went bankrupt
Another 1.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AASHA itself is higher: ≥ 25% within 12 months. It rests on far more data about AASHA than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 265 companies, not a prediction for AASHA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.56 (0.4 in 2024), below 1. Short-term debt is 95.1% and cash 5.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 4845 sector peers (2025).
NBB · sector comparisonPosition among 4845 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · 2025 accounts filed 24 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
24 days late
2024
20 days late
2023
29 days late
2022
24 days late
2021
24 days early
2020
37 days early
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Court-Saint-Etienne to Ixelles
New registered office: avenue de l'Université n° 42, 1050 Ixelles · Previous registered office: Rue de l'Eglise de Sart 24A, 1490 Court-Saint-Etienne · Board meeting of 02-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0647694833
Plan homologation
Enterprise Court of Walloon Brabant · judgment of 09-07-2025 · Judicial reorganisation
Judicial reorganisation opened
Enterprise Court of Walloon Brabant · collective agreement · judgment of 24-04-2025 · Judicial reorganisation
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AASHA Ixelles | €0.8m | €350,030 | -81.7% | 13.6 |
| QR ANSPACH Ixelles | €0.6m | €395,742 | 13.8% | 14 |
| HONORÉ Kortrijk | €0.6m | €432,309 | 33.6% | 14 |
| MERANO Visé | €0.7m | €410,589 | 20.4% | 12.8 |
| DP Kortrijk Harelbeke | €0.6m | €500,585 | 11.3% | 12.1 |
| HOLY GUACAMOLY GENT Ghent | €0.8m | €426,161 | 83.5% | 9.1 |
| LMJ INVEST Limbourg | €1.1m | €465,139 | 42.3% | 12.2 |
These companies have the same main activity as AASHA: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €574,000 and €1.1m, founded between 2014 and 2019.
Official details
Source: KBO- Status
- Active since 01-02-2016Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 3 others
- Joint committees
- 118Food industry
- 201Independent retail · annual accounts 2022
- Establishment unit
- 2.252.261.7071050 Ixelles, since 01-02-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 17-03-2026
Annual accounts 2025
- ≈ €1.0mestimated
- €797,904▼ 39.5%
- Employeeson 31-12-2025
- 34▼ 33.3%
- Filing
- Filed on 24-08-2026
Insights on AASHA
AASHA files the abbreviated format. That format states no turnover. The gross margin rose from -€87,311 in 2017 to €350,030 in 2025.
The balance sheet grew most from 2018 to 2019 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AASHA
- What is the company number of AASHA?
- The company number of AASHA is 0647.694.833. The VAT number is the same number with BE in front: BE 0647.694.833.
- Where is AASHA based?
- The registered office is at Hogeschoollaan 42, 1050 Ixelles.Company details
- What does AASHA do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of AASHA?
- AASHA is a private limited company (BV).
- When was AASHA founded?
- AASHA was founded on 01-02-2016.
- Is AASHA still active?
- Yes, AASHA is an active enterprise in the KBO register.
- How many employees does AASHA have?
- AASHA had an average of 13.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does AASHA fall under?
- In its 2022 annual accounts, AASHA states joint committees 118 (Food industry) and 201 (Independent retail).
- What is the turnover of AASHA?
- The turnover in financial year 2025 is ≈ €1.0m. This figure is estimated from the gross margin of €350,030 and 37 comparable companies (NACE 56112). It probably lies between €820,000 and €1.1m.
- Is AASHA profitable?
- In financial year 2025, AASHA made a profit of €275,065.
- Where can I find the annual accounts of AASHA?
- AASHA filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AASHA due?
- AASHA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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