APPLICATION SOFTWARE ENGINEERING BELGIUM
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 19 January 2004 · trustee Mrs. Bude · a claim can no longer be filed
The procedure
- Court
- Rechtbank van koophandel te Tongeren
- Official Gazette
- 27-01-2004search the document for 2004/002058
Deadlines
- Provisional date payments stopped
- 30 September 2003The trustee can in some cases challenge payments and security you received since that day. A later judgment can still change the date.art. XX.105, XX.111 and XX.112, Code of Economic Law
- Appeal or third-party opposition until
- passed on 11 February 2004That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- First verification report
- passed on 4 March 2004Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 19 January 2005A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Mrs. BudeIvo, en Hiemeleers, Herwig, Siemkensheuvel 20, te 3680 Maaseik
Steps for a creditor
- The deadlines to file your claim have passed, including for a late claim. That was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- This bankruptcy was opened before April 2017 and is not in RegSol. The trustee and the registry of the enterprise court keep the file.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Official details
Source: KBO- Status
- Active since 22-07-1994 Normal situation
- Activity
- “A.Het oprichten van gebouwen alsmede het beheer van een onroerend vermogen en de huurfinanciering…” (deed in Dutch)From the articles, 16 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.068.257.457 3630 Maasmechelen, since 20-09-1994
- Financial year end
- 30 June
- Peppol
- Reachable since 09-12-2025
Board and ownership
Board
- SCHREURS Arnoldus Paulus RenéDirector
- Schreurs ArnoldDirector
Financial position
No score
Annual accounts to 30-06-2025
- Gross margin
- €47,929
- ▲ 4.5%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €23,564
- ▼ 20.7%
- Equity
- €285,872
- ▲ 9.0%
- Total assets
- €342,852
- ▲ 0.9%
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 3 days after the deadline Filed on 3 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00037571.
Annual accounts 2025 filed on 03-02-2026 PDF all 22 filings
Turnover
≈ €190,000
Estimated: probably between €120,000 and €350,000
Total assets
€342,852▲ 0.9%
2024 · €339,825
Net result
€23,564▼ 20.7%
2024 · €29,727
Working capital
€272,813▲ 52.2%
2024 · €179,292
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€31,634
▲ 5.5%
2025
20192025
Net result
€23,564
▼ 20.7%
2025
20192025
Equity
€285,872
▲ 9.0%
2025
20192025
Total assets
€342,852
▲ 0.9%
2025
20192025
Debt
€56,980
▼ 26.5%
2025
20192025
Working capital
€272,813
▲ 52.2%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€34,299-€20,819▼ 39.3%€19,740▼ 5.2%€26,404▲ 33.8%€27,899▲ 5.7%€29,972▲ 7.4%€31,634▲ 5.5%
Net result€16,843--€9,710€40,683€16,866▼ 58.5%€19,211▲ 13.9%€29,727▲ 54.7%€23,564▼ 20.7%
Equity€165,531-€155,821▼ 5.9%€196,504▲ 26.1%€213,370▲ 8.6%€232,581▲ 9.0%€262,308▲ 12.8%€285,872▲ 9.0%
Total assets€340,261-€288,028▼ 15.4%€292,699▲ 1.6%€303,007▲ 3.5%€327,963▲ 8.2%€339,825▲ 3.6%€342,852▲ 0.9%
Debt€174,730-€132,207▼ 24.3%€96,195▼ 27.2%€89,637▼ 6.8%€95,382▲ 6.4%€77,517▼ 18.7%€56,980▼ 26.5%
Working capital€37,793-€51,113▲ 35.2%€122,143▲ 139%€134,255▲ 9.9%€152,417▲ 13.5%€179,292▲ 17.6%€272,813▲ 52.2%
The operating result for 2025 is 6% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €342,852
Fixed assets
€66,859 ▼ 19.5%
Current assets
€275,993 ▲ 7.5%
Equity and liabilities €342,852
Equity
€285,872 ▲ 9.0%
Debt
€56,980 ▼ 26.5%
Debt's share of the balance-sheet total falls from 22.8% to 16.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47,791▲
2024 · €45,670
Cash flow
€39,721▼
2024 · €45,425
Current ratio
86.79▲
2024 · 3.31
Debt to equity
0.20▼
2024 · 0.30
ROE
8.2%▼
2024 · 11.3%
ROA
6.9%▼
2024 · 8.7%
Interest coverage
over 100▲
2024 · 12.08
Debt ≤ 1 year
€3,180▼
2024 · €77,517
Income taxes
€8,179▼
2024 · €13,156
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €26,721 | €16,567 | €18,550 | - |
| Depreciation and write-downs of the year | €23,967 | €23,518 | €15,698 | €16,157 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,029 | €23,030 | €23,082 | €23,967 | €23,518 | €15,698 | €16,157 | ▲ 2.9% |
| Other operating charges640/8 | - | - | - | €62 | €62 | €212 | €138 | ▼ 34.9% |
| Gross operating margin9900 | €57,390 | €43,849 | €43,134 | €50,433 | €51,479 | €45,882 | €47,929 | ▲ 4.5% |
| Operating profit (loss)9901 | €34,299 | €20,819 | €19,740 | €26,404 | €27,899 | €29,972 | €31,634 | ▲ 5.5% |
| Financial income75/76B | - | - | - | €4,929 | €1,549 | €16,693 | €221 | ▼ 98.7% |
| Recurring financial income75 | €26 | €26 | €29,739 | €4,929 | €1,549 | €16,693 | €221 | ▼ 98.7% |
| Financial charges65/66B | - | - | - | €2,895 | €3,476 | €3,782 | €112 | ▼ 97.0% |
| Recurring financial charges65 | €16,065 | €22,503 | €4,236 | €2,895 | €3,476 | €3,782 | €112 | ▼ 97.0% |
| Profit (loss) for the period before taxes9903 | €18,260 | -€1,658 | €45,243 | €28,438 | €25,972 | €42,883 | €31,743 | ▼ 26.0% |
| Income taxes67/77 | €1,417 | €8,052 | €4,560 | €11,572 | €6,761 | €13,156 | €8,179 | ▼ 37.8% |
| Profit (loss) for the period9904 | €16,843 | -€9,710 | €40,683 | €16,866 | €19,211 | €29,727 | €23,564 | ▼ 20.7% |
| Profit (loss) for the period to be appropriated9905 | €16,843 | -€9,710 | €40,683 | €16,866 | €19,211 | €29,727 | €23,564 | ▼ 20.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €340,261 | €288,028 | €292,699 | €303,007 | €327,963 | €339,825 | €342,852 | ▲ 0.9% |
| Fixed assets21/28 | €127,738 | €104,708 | €84,361 | €87,115 | €80,164 | €83,016 | €66,859 | ▼ 19.5% |
| Tangible fixed assets22/27 | €125,878 | €102,848 | €82,501 | €85,255 | €78,304 | €81,156 | €64,999 | ▼ 19.9% |
| Land and buildings22 | - | - | - | €85,255 | €78,304 | €81,156 | €64,999 | ▼ 19.9% |
| Financial fixed assets28 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Current assets29/58 | €212,523 | €183,320 | €208,338 | €215,892 | €247,799 | €256,809 | €275,993 | ▲ 7.5% |
| Amounts receivable within one year40/41 | - | - | - | €4,658 | €39,665 | €6,953 | €3,000 | ▼ 56.9% |
| Other amounts receivable41 | - | - | - | €4,658 | €39,665 | €6,953 | €3,000 | ▼ 56.9% |
| Current investments50/53 | €160,594 | €150,947 | €180,412 | €185,317 | €184,632 | - | €200,000 | - |
| Cash at bank and in hand54/58 | €33,367 | €23,373 | €27,926 | €25,917 | €23,502 | €249,856 | €72,993 | ▼ 70.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €340,261 | €288,028 | €292,699 | €303,007 | €327,963 | €339,825 | €342,852 | ▲ 0.9% |
| Equity10/15 | €165,531 | €155,821 | €196,504 | €213,370 | €232,581 | €262,308 | €285,872 | ▲ 9.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €6,886 | €6,886 | €6,886 | €6,886 | €6,886 | €6,886 | €6,886 | = |
| Non-distributable reserves130/1 | - | - | - | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Reserves not available under the articles1311 | - | - | - | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Distributable reserves133 | - | - | - | €5,011 | €5,011 | €5,011 | €5,011 | = |
| Profit (loss) carried forward14 | €140,045 | €130,335 | €171,018 | €187,884 | €207,095 | €236,822 | €260,386 | ▲ 10.0% |
| Amounts payable17/49 | €174,730 | €132,207 | €96,195 | €89,637 | €95,382 | €77,517 | €56,980 | ▼ 26.5% |
| Amounts payable within one year42/48 | €174,730 | €132,207 | €86,195 | €81,637 | €95,382 | €77,517 | €3,180 | ▼ 95.9% |
| Trade debts44 | €62 | - | - | €7,439 | €21,069 | - | - | - |
| Suppliers440/4 | - | - | - | €7,439 | €21,069 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €4,503 | €6,761 | €11,052 | €3,180 | ▼ 71.2% |
| Taxes450/3 | - | - | - | €4,503 | €6,761 | €11,052 | €3,180 | ▼ 71.2% |
| Other amounts payable47/48 | - | - | - | €69,695 | €67,552 | €66,465 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €8,000 | - | - | €53,800 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,843 | -€9,710 | €40,683 | €16,866 | €19,211 | €29,727 | €23,564 | ▼ 20.7% |
| + Depreciation and write-downs630 | €23,029 | €23,030 | €23,082 | €23,967 | €23,518 | €15,698 | €16,157 | ▲ 2.9% |
| Operating cash flow (approximation) | €39,872 | €13,320 | €63,765 | €40,833 | €42,729 | €45,425 | €39,721 | ▼ 12.6% |
| Investment in fixed assets (approximation) | - | €0 | -€2,735 | -€26,721 | -€16,567 | -€18,550 | €0 | - |
| Change in cash | - | -€9,994 | €4,553 | -€2,009 | -€2,415 | €226,354 | -€176,863 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 03-02-2026 | 2026-00037571 | |
| 30-06-2024 | micro format | 12-02-2025 | 2025-00036015 | |
| 30-06-2023 | micro format | 19-02-2024 | 2024-00033303 | |
| 30-06-2022 | micro format | 06-02-2023 | 2023-00025501 | |
| 30-06-2021 | micro format | 01-02-2022 | 2022-04400334 | |
| 30-06-2020 | micro format | 02-02-2021 | 2021-05000198 | |
| 30-06-2019 | micro format | 08-12-2020 | 2020-74900519 | |
| 30-06-2018 | micro format | 13-11-2018 | 2018-72400442 | |
| 30-06-2017 | micro format | 16-11-2017 | 2017-69700337 | |
| 30-06-2016 | abbreviated format | 15-11-2017 | 2017-69700399 |
Board & ownership
Directors
Directors
2 directors, last change in 2025
SCHREURS Arnoldus Paulus René
Current
Director (not named in the articles) · appointed in the act of 20-08-2025 · earlier manager, until 20-08-2025 · term without a fixed end
Schreurs Arnold
Current
Director · listed in the 2025 annual accounts, filed on 03-02-2026
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Mrs. Bude Ivo, en Hiemeleers, Herwig, Siemkensheuvel 20, te 3680 Maaseik |
19-01-2004 → present |
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 20-08-2025Owners and capital
Capital transactions
Capital over time
- 20-08-2025 Converted to available equity
Mandate history
2 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Schreurs Arnold |
|
| SCHREURS Arnoldus Paulus René |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Artikel 12.Bestuursorgaan, algemene vergadering bepaalt duur opdracht en,indien meerdere,bevoegdheid”
Articles of association, deed of 20-08-2025 (in Dutch)
Network & group
APPLICATION SOFTWARE ENGINEERING BELGIUM shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of APPLICATION SOFTWARE ENGINEERING BELGIUM. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2026
03-02
micro format · 3 days late
2025
20-08
Gazette deed
Change of role: SCHREURS Arnoldus Paulus René, from manager to directorAmendment of the articles · Capital conversion · Director discharge8 points ▸
Gazette deed
Change of role: SCHREURS Arnoldus Paulus René, from manager to director
Amendment of the articles · Capital conversion · Director discharge8 points ▸
- General meeting, 19-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “beschikbaar voor toekomstige uitkeringen” (deed in Dutch)
- Director resignation, SCHREURS Arnoldus Paulus René (manager)
- Director appointment, SCHREURS Arnoldus Paulus René (director (not named in the articles))
- Other provision, “afwezigheid bestuursverbod, geen strafrechtelijk of burgerrechtelijk bestuursverbod opgelegd om persoonlijk of via tussenpersoon onderneming uit te baten of fun…” (deed in Dutch)
- Director discharge, SCHREURS Arnoldus Paulus René (ontslagnemende zaakvoerder)
- Registered office clause, “Heirstraat 197,3630 Maasmechelen”, 6 (deed in Dutch)
30-06
Financial
Liquidity more than 26 timescurrent ratio 86.79
The current ratio rises from 3.31 to 86.79. Short-term debt falls from €77,517 to €3,180.
12-02
micro format · 12 days late
2024
19-02
micro format · 19 days late
2023
06-02
micro format · 6 days late
2022
30-06
Financial
Equity above €200,000equity €213,370 ▲8.6%
After 2 profitable years in a row, equity reaches €213,370.
01-02
micro format · 1 day late
2021
30-06
Financial
Back to profitnet €40,683
The net result is €40,683, after one loss-making year.
02-02
micro format · 2 days late
2020
08-12
micro format · 312 days late
30-06
Financial
Weakest financial yearnet -€9,710
The net result drops to -€9,710, the lowest from 2019 to 2025.
Show earlier events
2018
13-11
micro format · 79 days before the deadline
2017
2004
27-01
Bankruptcy
Bankruptcy declared
Rechtbank van koophandel te Tongeren · judgment of 19-01-2004
1994
03-08
Gazette deed
Incorporation
17 publications in the Belgian Official Gazette, the last on 20-08-2025
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
In liquidation
- Last annual accounts
- financial year to 30 June 2025
- Legal form
- Private limited company
- Active since
- 22 July 1994
Register details
Identity
Name
APPLICATION SOFTWARE ENGINEERING BELGIUM in Dutch
Abbreviation
A.S.E. BELGIUM in Dutch
Enterprise number
0453.120.553
LEI code
2549001JSE0YBY9C3S98
live in the LEI register
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 20-08-2025 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 20-08-2025 (in Dutch)Registered office and establishments
Registered office
Heirstraat(M) 197, 3630 Maasmechelen, Belgium
Establishment unit
A.S.E. BELGIUM, Heirstraat(V) 197, 3630 Maasmechelen since 20-09-1994 · unit number 2.068.257.45763100 Computing infrastructure, data processing, hosting and related activities
Activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 20-08-2025 (in Dutch)
“A.Het oprichten van gebouwen alsmede het beheer van een onroerend vermogen en de huurfinanciering van onroerende goederen aan derden;het…”
16 activities
- A.Het oprichten van gebouwen alsmede het beheer van een onroerend vermogen en de huurfinanciering van onroerende goederen aan derden;het verwerven,inrichten,herstellen en tot waarde brengen,beheren,verhuren,onderverhuren,verkopen of laten gebruiken op alle mogelijke wijzen,van gebouwdelen ongebouwde onroerende goederen;alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en van die van aard zijn de opbrengst van de onroerende goederen te bevorderen,zoals het onderhoud,de ontwikkeling,de verfraaiing en de verhuring van deze goederen alsmede zich borgstellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen;
- B.De productie,de aan-en verkoop,de import en export,de groot-en kleinhandel van food en non-foodproducten,met uitzondering van:medicijnen,geneeskundige producten en farmaceutische producten,producten ter bescherming van fauna en flora,wapens,munitie en explosieven;
- C.De import en export van voedsel en allerhande voedingsmiddelen en dranken;
- D.De productie van huishoudartikelen,onderhoudsproducten,en de import en export,de aan-en verkoop,de groot-en kleinhandel van voormelde producten;
- E.De productie en de fabricatie van chemische producten;
- F.Nationaal en internationaal transport van alle handelsgoederen,en alle diensten die hiermee verband houden:het agentschap,de commissie,de vertegenwoordiging,het stapelen en het in consignatiehouden van goederen,de diensten van verkoop op commissie,beursdienst,transit,dienstverlening inzake kwaliteitscontrole en kwantiteitscontrole inzake import en exportgoederen,organisatie van beurzen,tentoonstellingen en alle andere diensten verbonden aan de handel,publiciteitsdienst,de organisatie van marktonderzoeken,marketing,de creatie van economische publiciteit en reclamebureau,de aanmaak,de presentatie en de plaatsing van publiciteitsborden en affiches,decoratie van etalages,expeditiediensten;
- G.Het organiseren van transport en vervoer van reizigers en diensten van het reizen per auto,internationaal toerisme;
- H.Kopiediensten,postorderdiensten en andere;
- I.uitgeverij van boeken,brochures,atlassen,geografische kaarten,kranten,tijdschriften,revues,algemene publicaties;
- J.De productie en de fabricatie van metaalproducten,zoals bouten en schroeven,en andere;
- K.De fabricatie en de productie van bouwmaterialen,en materialen in hout;
- L.De constructie,de realisatie,de verbouwing,het uitvoeren van aanpassingswerken en de herstelling van gebouwen met diverse bestemmingen,zowel woningen als andere gebouwen;de aanleg van wegen,tunnels,kruispunten en de herstelling ervan;de volledige afwerking van gebouwen,zowel in hoofdaanneming als in onderaanneming;
- M.De aan-en verkoop,de groot-en kleinhandel,de import en export van alle soft-en hardware.
- N.Technische studiebureau en ontwerpbureau inzake gebouwen en bouwconstructies
- O.Ontwikkelen en verhandelen van zelf vervaardigde software.
- P.Alle verrichtingen van commerciële,industriële,onroerende,roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen.
Invoicing and payment
VAT number
BE 0453.120.553
Financial year and general meeting
Accounts at the NBBFinancial year end
30-06
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of September at 19:00
deed of 20-08-2025 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
1,354 m²
Building footprint
217 m²
Building volume
1,666 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73048B0266/00N005 | Flanders | 1,354 m² | 1 · 217 m² | 9.9 m · 3 |