Turnover
≈ €420,000 estimated
The micro format states no turnover.
AS
Lifetime
1 annual account with figurespeak €43,779 (2025)
€43,779
peak €34,974 (2025)
€34,974
peak €35,974 (2025)
€35,974
€51,126
Board1 name since 2025
1 directorGHULAM Sadiq
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Incorporation 02-041 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsStarting capital
€1,000 100 shares
Position in the sector
€34,974
Higher net result than 82% of companies in retail trade. Sector median €5,048 · 22,907 companies.
2025 accounts filed 25 days after the deadline
Checked score
68
Healthy
Financially stronger than 66% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2026: 1.8%
05-2026: 1.8%● unchanged vs 04-2026
06-2026: 1.9%▲ +0.1 percentage points vs 05-2026
07-2026: 2.2%▲ +0.3 percentage points vs 06-2026
08-2026: 2.3%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.9%▼ -1.4 percentage points vs 08-2026lowest value
10-2026: 1.0%▲ +0.1 percentage points vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2025
Size: total assets €87,099
Last filed accounts filed 25 days late
lowers risk
Liquidity: current ratio 1.70, cash €19,580
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 47, micro). It does better than 56% of them on solvency, 47% on liquidity and 96% on profitability.
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 low class on 30-06-2025, 0.8% 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, 11,279 companies had the same profile as AS has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of AS itself is higher: 1.0% within 12 months. It rests on far more data about AS 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 11,279 companies, not a prediction for AS. 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
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.7, above the usual 1.5. Short-term debt is 58.7% and cash 22.5% of total assets. However, 58.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 1 filingDeviation from the deadline
2025
25 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- GHULAM Sadiq 51 sharesdeed of 02-04-2025
- MUHAMMAD Atif 49 sharesdeed of 02-04-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1021668732
First establishment
Rumbeeksesteenweg 323, Roeselare
Incorporation
Founding capital of €1,000, 100 shares · Founders: GHULAM Sadiq and MUHAMMAD Atif · Appointment: GHULAM Sadiq (director) · published on 02-04-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AS Roeselare | €87,099 | €43,779 | 41.3% | - |
| AZANS Tielt | €87,623 | €35,381 | 73.9% | - |
| BAZRA LIMITED Frameries | €56,804 | €54,080 | 42.0% | - |
| NOURIA Mouscron | €115,516 | €82,441 | 55.1% | - |
| TSL COMPANY Waregem | €36,967 | €28,161 | 70.3% | - |
| READY AND FAST CONSULTANCY Wuustwezel | €134,150 | €65,499 | 86.7% | - |
| Bodden-Trading België Baarle-Hertog | €153,144 | €72,982 | 88.3% | 0.6 |
These companies have the same main activity as AS: retail trade (NACE 47260). They are comparable in size and age: total assets between €37,000 and €153,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 31-03-2025Normal situation
- Activity
- Retail tradeNACE 47260and 2 others
- Establishment unit
- 2.371.917.0468800 Roeselare, since 04-04-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 15-01-2026
Insights on AS
AS has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,974 and a net result of €34,974.
Its solvency ranks better than 57% of 22,924 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
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 AS
- What is the company number of AS?
- The company number of AS is 1021.668.732. The VAT number is the same number with BE in front: BE 1021.668.732.
- Where is AS based?
- The registered office is at Rumbeeksesteenweg 323, 8800 Roeselare.Company details
- What does AS do?
- According to the KBO register, the main activity is retail trade (NACE 47260).
- What is the legal form of AS?
- AS is a private limited company (BV).
- When was AS founded?
- AS was founded on 31-03-2025.
- Is AS still active?
- Yes, AS is an active enterprise in the KBO register.
- What is the turnover of AS?
- The turnover in financial year 2025 is ≈ €420,000. This figure is estimated from the gross margin of €43,779 and 48 comparable companies (NACE 472). It probably lies between €240,000 and €730,000.Financials
- Is AS profitable?
- In financial year 2025, AS made a profit of €34,974.
- Where can I find the annual accounts of AS?
- AS filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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