ADVANCED SHIPBUILDING
ActiveSummary
ADVANCED SHIPBUILDING has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158,571 and a net result of -€34,316. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 1327 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30=
Solvency38=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 5.53 against 3.27 in 2024; short-term debt: 13.5% and cash: 0.3% of total assets), but 87% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€34,316
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1327 sector peers (2025).
NBB · sector comparisonPosition among 1327 sector peers
Solvency
better than 17%
← weakest
strongest →
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
6 d early
2023
6 d early
2022
73 d early
2021
65 d late
2020
33 d late
2019
136 d late
← 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 19 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 25 July (4 of the last 5 filed years within 67 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€158,571▼ 17.8%
2024 · €192,887
Total assets
€1.2m▼ 14.8%
2024 · €1.4m
Net result
-€34,316▲ 19.5%
2024 · -€42,648
Working capital
€743,989▼ 4.4%
2024 · €778,305
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€86,848▼ 57.3%-€86,057-€22,042▲ 74.4%-€42,648▼ 93.5%-€34,316▲ 19.5%
Net result€86,848above the sector's middle half▼ 57.3%-€86,057below the sector's middle half-€22,042below the sector's middle half▲ 74.4%-€42,648below the sector's middle half▼ 93.5%-€34,316below the sector's middle half▲ 19.5%
Equity€348,635above the sector's middle half▲ 26.7%€262,577above the sector's middle half▼ 24.7%€235,535above the sector's middle half▼ 10.3%€192,887above the sector's middle half▼ 18.1%€158,571above the sector's middle half▼ 17.8%
Total assets€481,955above the sector's middle half▲ 35.8%€479,952above the sector's middle half▼ 0.4%€1.4mabove the sector's middle half▲ 191%€1.4mabove the sector's middle half▲ 2.7%€1.2mabove the sector's middle half▼ 14.8%
Debt€133,320▲ 67.4%€217,375▲ 63.0%€1.2m▲ 434%€1.2m▲ 6.9%€1.1m▼ 14.4%
Working capital€331,722above the sector's middle half▲ 34.2%€251,157above the sector's middle half▼ 24.3%€817,053above the sector's middle half▲ 225%€778,305above the sector's middle half▼ 4.7%€743,989above the sector's middle half▼ 4.4%
Solvency72.3%above the sector's middle half▼ 5.2pp54.7%within the sector's middle half▼ 17.6pp16.9%below the sector's middle half▼ 37.8pp13.5%below the sector's middle half▼ 3.4pp13.0%below the sector's middle half▼ 0.5pp
Current ratio3.54above the sector's middle half▼ 0.572.16within the sector's middle half▼ 1.384.11above the sector's middle half▲ 1.953.27within the sector's middle half▼ 0.845.53above the sector's middle half▲ 2.26
Return on assets (ROA)18.0%within the sector's middle half▼ 39.3pp-17.9%below the sector's middle half▼ 36.0pp-1.6%below the sector's middle half▲ 16.4pp-3.0%below the sector's middle half▼ 1.4pp-2.8%below the sector's middle half▲ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34,316 in 2025 against €42,648 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€312,500 =
Current assets
€908,175 ▼ 19.0%
Equity and liabilities €1.2m
Equity
€158,571 ▼ 17.8%
Debt
€1.1m ▼ 14.4%
Debt's share of the balance-sheet total rises from 86.5% to 87.0%. Equity and debt are lower.
Key figures and ratios
Debt to equity
6.70▲
2024 · 6.43
ROE
-21.6%▲
2024 · -22.1%
Debt ≤ 1 year
€164,186▼
2024 · €342,251
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,422 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,422 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,973 | €7,973 | €7,973 | €3,900 | - | - |
| Other operating charges640/8 | €135,464 | €97,514 | €77,774 | €147,617 | €68,379 | ▼ 53.7% |
| Gross operating margin9900 | €230,285 | €19,430 | €63,705 | €108,869 | €34,063 | ▼ 68.7% |
| Operating profit (loss)9901 | €86,848 | -€86,057 | -€22,042 | -€42,648 | -€34,316 | ▲ 19.5% |
| Profit (loss) for the period before taxes9903 | €86,848 | -€86,057 | -€22,042 | -€42,648 | -€34,316 | ▲ 19.5% |
| Profit (loss) for the period9904 | €86,848 | -€86,057 | -€22,042 | -€42,648 | -€34,316 | ▲ 19.5% |
| Profit (loss) for the period to be appropriated9905 | €86,848 | -€86,057 | -€22,042 | -€42,648 | -€34,316 | ▲ 19.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €481,955 | €479,952 | €1.4m | €1.4m | €1.2m | ▼ 14.8% |
| Fixed assets21/28 | €19,460 | €11,487 | €316,014 | €312,500 | €312,500 | = |
| Intangible fixed assets21 | - | - | €312,500 | €312,500 | €312,500 | = |
| Tangible fixed assets22/27 | €19,460 | €11,487 | €3,514 | - | - | - |
| Plant, machinery and equipment23 | €4,885 | €2,250 | - | - | - | - |
| Furniture and vehicles24 | €14,575 | €9,237 | €3,514 | - | - | - |
| Current assets29/58 | €462,495 | €468,465 | €1.1m | €1.1m | €908,175 | ▼ 19.0% |
| Amounts receivable within one year40/41 | €453,407 | €462,818 | €188,449 | €265,071 | €80,315 | ▼ 69.7% |
| Trade receivables40 | €17,112 | €17,112 | €57,703 | €113,859 | €62,284 | ▼ 45.3% |
| Other amounts receivable41 | €436,295 | €445,706 | €130,746 | €151,212 | €18,031 | ▼ 88.1% |
| Cash at bank and in hand54/58 | €8,945 | €128 | €300,322 | €30,542 | €3,577 | ▼ 88.3% |
| Deferred charges and accrued income490/1 | €143 | €5,519 | €590,978 | €824,943 | €824,283 | ▼ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €481,955 | €479,952 | €1.4m | €1.4m | €1.2m | ▼ 14.8% |
| Equity10/15 | €348,635 | €262,577 | €235,535 | €192,887 | €158,571 | ▼ 17.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €18,978 | €18,978 | = |
| Capital10 | €12,400 | €12,400 | €12,400 | - | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | €6,200 | €6,200 | €6,200 | - | - | - |
| Reserves13 | €249,387 | €249,387 | €223,135 | €216,557 | €216,557 | = |
| Non-distributable reserves130/1 | €6,578 | €6,578 | €6,578 | - | - | - |
| Legal reserve130 | €6,578 | €6,578 | €6,578 | - | - | - |
| Distributable reserves133 | €242,809 | €242,809 | €216,557 | €216,557 | €216,557 | = |
| Profit (loss) carried forward14 | €86,848 | €790 | - | -€42,648 | -€76,964 | ▼ 80.5% |
| Amounts payable17/49 | €133,320 | €217,375 | €1.2m | €1.2m | €1.1m | ▼ 14.4% |
| Amounts payable within one year42/48 | €130,773 | €217,308 | €262,696 | €342,251 | €164,186 | ▼ 52.0% |
| Financial debts43 | €129,402 | €216,673 | €261,539 | €228,487 | €152,021 | ▼ 33.5% |
| Other loans439 | €129,402 | €216,673 | €261,539 | €228,487 | €152,021 | ▼ 33.5% |
| Trade debts44 | €1,371 | €635 | €1,157 | €38,764 | €12,165 | ▼ 68.6% |
| Suppliers440/4 | €1,371 | €635 | €1,157 | €38,764 | €12,165 | ▼ 68.6% |
| Other amounts payable47/48 | - | - | - | €75,000 | - | - |
| Accrued charges and deferred income492/3 | €2,547 | €67 | €897,532 | €897,918 | €897,918 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86,848 | -€86,057 | -€22,042 | -€42,648 | -€34,316 | ▲ 19.5% |
| + Depreciation and write-downs630 | €7,973 | €7,973 | €7,973 | €3,900 | - | - |
| Operating cash flow (approximation) | €94,821 | -€78,084 | -€14,069 | -€38,748 | -€34,316 | ▲ 11.4% |
| Investment in fixed assets (approximation) | - | €0 | -€312,500 | -€386 | €0 | ▲ 100% |
| Change in cash | - | -€8,817 | €300,194 | -€269,780 | -€26,965 | ▲ 90.0% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€86,057
Net result drops to -€86,057, the lowest in the series; recovery starts the following year.
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 65 days late
2021
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 33 days late
2020
31-12
Financial
Highest result since 2019net €203,440 ▲622%
Operating result €203,440, net result €203,440, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.10
Current ratio from 1.58 to 4.10; short-term debt falls from €114,642 to €79,620.
31-12
Financial
Equity above €200,000Eq €275,209 ▲251%
2 profitable years in a row build equity to €275,209.
14-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 136 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
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.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Temse · 1 establishment unit since 2010
Ground area
7,219 m²
Building footprint
1,412 m²
Volume, LiDAR
16,298 m³
Parcel 46025B0179/09E000, Flanders · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
309
companies at this address
See who is registered here
1 establishment unit
ADVANCED SHIPBUILDING
since 20102.186.609.137
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B0179/09E000 | Flanders | 7,219 m² | 1 · 1,412 m² | 16.4 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,282,740 EUR awarded · 897,918 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 897,918 EUR |
| 2022 | 1 | 1,282,740 EUR | 0 EUR |
Similar companies · same sector, comparable size
GLOBAL PRO SERVICE
BE 0680.477.665
Stabroek · Eq €159,487
Antwerp Underwater Solutions
BE 0671.693.029
Temse · Eq €154,613
ERP SERVICES
BE 0457.137.541
Antwerpen · Eq €154,504
GROOOT
BE 0878.049.245
Gent · Eq €154,091
CREOS
BE 0546.517.794
Antwerpen · Eq €153,480
Of 298 companies in sector 33150 we hold annual accounts for 159. 123 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
33150Repair, maintenance and installation of machinery and equipment
30110Manufacture of other transport equipment
52220Warehousing and support activities for transportation
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
77340Rental and leasing activities
Contact
E-mail
advanced.shipbuilding@hotmail.com
Phone
+32494335826
E-invoicing
Reachable via Peppol
Peppol ID
0208:0823980554
Also
9925:BE0823980554
Registered
21-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.