AS BUILT
ActiveSummary
AS BUILT has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€32,066) and a net result of €62,631. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▲+42
Solvency22▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.96 against 0.87 in 2024; short-term debt: 101.3% and cash: 3.5% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 2033 sector peers (2025).
NBB · sector comparisonPosition among 2033 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
21 d early
2023
35 d early
2022
31 d early
2021
47 d late
2020
13 d late
2019
69 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 10 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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.
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 trust this company with building work?Contractor check 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
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Financials · fiscal year 2025, abbreviated schema
Equity
-€32,066▲ 66.1%
2024 · -€94,697
Total assets
€1.1m▲ 26.3%
2024 · €867,094
Net result
€62,631
2024 · -€310,344
Working capital
-€48,174▲ 60.8%
2024 · -€122,890
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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-€211,747€531,242€125,976▼ 76.3%-€294,110€51,820
Net result-€240,062below the sector's middle half€393,081above the sector's middle half€58,482within the sector's middle half▼ 85.1%-€310,344below the sector's middle half€62,631within the sector's middle half
Equity-€235,915below the sector's middle half€157,166within the sector's middle half€215,647within the sector's middle half▲ 37.2%-€94,697below the sector's middle half-€32,066below the sector's middle half▲ 66.1%
Total assets€514,779within the sector's middle half▼ 43.7%€868,017within the sector's middle half▲ 68.6%€920,146within the sector's middle half▲ 6.0%€867,094within the sector's middle half▼ 5.8%€1.1mwithin the sector's middle half▲ 26.3%
Debt€750,695▼ 17.6%€710,851▼ 5.3%€704,499▼ 0.9%€961,791▲ 36.5%€1.1m▲ 17.2%
Working capital-€240,934below the sector's middle half▼ 168%€79,970within the sector's middle half€116,097within the sector's middle half▲ 45.2%-€122,890below the sector's middle half-€48,174below the sector's middle half▲ 60.8%
Solvency-45.8%below the sector's middle half▼ 46.3pp18.1%below the sector's middle half▲ 63.9pp23.4%within the sector's middle half▲ 5.3pp-10.9%below the sector's middle half▼ 34.4pp-2.9%below the sector's middle half▲ 8.0pp
Current ratio0.67below the sector's middle half▼ 0.181.13within the sector's middle half▲ 0.461.18within the sector's middle half▲ 0.050.87below the sector's middle half▼ 0.310.96below the sector's middle half▲ 0.09
Return on assets (ROA)-46.6%below the sector's middle half▼ 57.9pp45.3%above the sector's middle half▲ 91.9pp6.4%within the sector's middle half▼ 38.9pp-35.8%below the sector's middle half▼ 42.1pp5.7%within the sector's middle half▲ 41.5pp
Staff (FTE)16.1above the sector's middle half▲ 127%18.3above the sector's middle half▲ 13.7%19.6above the sector's middle half▲ 7.1%16.8above the sector's middle half▼ 14.3%8.9above the sector's middle half▼ 47.0%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €51,820 after a loss of €294,110 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€34,339 ▼ 28.1%
Current assets
€1.1m ▲ 29.4%
Key figures and ratios
EBITDA
€65,221▲
2024 · -€277,369
Cash flow
€76,033▲
2024 · -€293,603
Debt to equity
-35.15▼
2024 · -10.16
Interest coverage
1.89▲
2024 · -8.73
Debt ≤ 1 year
€1.1m▲
2024 · €942,244
Debt > 1 year
€0▼
2024 · €17,446
Income taxes
€7,412▲
2024 · €3,950
Staff costs
€551,786▼
2024 · €918,535
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 3,798 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €713,379 | €777,028 | €1.1m | €918,535 | €551,786 | ▼ 39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,393 | €22,817 | €39,289 | €16,742 | €13,402 | ▼ 20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €14,129 | €25,804 | €55,210 | ▲ 114% |
| Other operating charges640/8 | €40,210 | €9,943 | €12,638 | €81,632 | €16,371 | ▼ 79.9% |
| Non-recurring operating charges66A | - | - | - | €59,307 | €47,857 | ▼ 19.3% |
| Gross operating margin9900 | €553,234 | €1.3m | €1.3m | €807,909 | €736,444 | ▼ 8.8% |
| Operating profit (loss)9901 | -€211,747 | €531,242 | €125,976 | -€294,110 | €51,820 | ▲ 118% |
| Financial income75/76B | €12,669 | €6,509 | €43,301 | €19,473 | €78,662 | ▲ 304% |
| Recurring financial income75 | €12,669 | €6,509 | €41,936 | €19,473 | €43,621 | ▲ 124% |
| Non-recurring financial income76B | - | - | €1,365 | €0 | €35,041 | - |
| Financial charges65/66B | €27,955 | €22,108 | €21,261 | €31,758 | €60,438 | ▲ 90.3% |
| Recurring financial charges65 | €27,955 | €22,108 | €21,261 | €31,758 | €34,573 | ▲ 8.9% |
| Non-recurring financial charges66B | - | - | - | - | €25,865 | - |
| Profit (loss) for the period before taxes9903 | -€227,033 | €515,643 | €148,016 | -€306,395 | €70,043 | ▲ 123% |
| Income taxes67/77 | €13,029 | €122,562 | €89,535 | €3,950 | €7,412 | ▲ 87.7% |
| Profit (loss) for the period9904 | -€240,062 | €393,081 | €58,482 | -€310,344 | €62,631 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | -€240,062 | €393,081 | €58,482 | -€310,344 | €62,631 | ▲ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €514,779 | €868,017 | €920,146 | €867,094 | €1.1m | ▲ 26.3% |
| Fixed assets21/28 | €31,910 | €153,432 | €142,640 | €47,741 | €34,339 | ▼ 28.1% |
| Intangible fixed assets21 | €7,936 | €5,159 | €3,139 | €1,118 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €23,975 | €148,272 | €139,501 | €26,592 | €14,309 | ▼ 46.2% |
| Land and buildings22 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €18,668 | €19,971 | €16,424 | €9,366 | €4,022 | ▼ 57.1% |
| Furniture and vehicles24 | €5,307 | €128,302 | €123,077 | €17,226 | €10,287 | ▼ 40.3% |
| Financial fixed assets28 | - | - | - | €20,030 | €20,030 | = |
| Current assets29/58 | €482,869 | €714,585 | €777,506 | €819,353 | €1.1m | ▲ 29.4% |
| Amounts receivable after more than one year29 | - | €199,820 | €345,320 | €319,320 | €129,500 | ▼ 59.4% |
| Other amounts receivable291 | - | €199,820 | €345,320 | €319,320 | €129,500 | ▼ 59.4% |
| Amounts receivable within one year40/41 | €440,154 | €272,220 | €373,858 | €456,609 | €855,235 | ▲ 87.3% |
| Trade receivables40 | €208,487 | €209,336 | €249,935 | €361,769 | €692,084 | ▲ 91.3% |
| Other amounts receivable41 | €231,668 | €62,884 | €123,924 | €94,840 | €163,152 | ▲ 72.0% |
| Current investments50/53 | - | - | €29,869 | €0 | - | - |
| Cash at bank and in hand54/58 | €41,307 | €218,962 | €11,724 | €8,604 | €38,402 | ▲ 346% |
| Deferred charges and accrued income490/1 | €1,407 | €23,583 | €16,735 | €34,820 | €37,480 | ▲ 7.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €514,779 | €868,017 | €920,146 | €867,094 | €1.1m | ▲ 26.3% |
| Equity10/15 | -€235,915 | €157,166 | €215,647 | -€94,697 | -€32,066 | ▲ 66.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €72,879 | €72,879 | €197,000 | €197,000 | €197,000 | = |
| Non-distributable reserves130/1 | €620 | €620 | €0 | - | - | - |
| Reserves not available under the articles1311 | €620 | €620 | €0 | - | - | - |
| Distributable reserves133 | €72,259 | €72,259 | €197,000 | €197,000 | €197,000 | = |
| Profit (loss) carried forward14 | -€327,394 | €65,687 | €47 | -€310,297 | -€247,666 | ▲ 20.2% |
| Amounts payable17/49 | €750,695 | €710,851 | €704,499 | €961,791 | €1.1m | ▲ 17.2% |
| Amounts payable after more than one year17 | €26,004 | €75,348 | €41,682 | €17,446 | €0 | ▼ 100% |
| Financial debts170/4 | €26,004 | €75,348 | €41,682 | €17,446 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €723,803 | €634,615 | €661,409 | €942,244 | €1.1m | ▲ 17.7% |
| Current portion of amounts payable after more than one year42 | €70,234 | €57,242 | €32,098 | €24,236 | €17,446 | ▼ 28.0% |
| Financial debts43 | €40,234 | €107,659 | €158,513 | €59,392 | €119,050 | ▲ 100% |
| Credit institutions430/8 | €26,819 | €107,659 | €158,513 | €59,392 | €74,050 | ▲ 24.7% |
| Other loans439 | €13,414 | €0 | - | - | €45,000 | - |
| Trade debts44 | €343,961 | €276,041 | €127,114 | €484,197 | €530,971 | ▲ 9.7% |
| Suppliers440/4 | €343,961 | €276,041 | €127,114 | €484,197 | €530,971 | ▲ 9.7% |
| Advances received on contracts in progress46 | €2,158 | €2,158 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €103,231 | €122,441 | €113,670 | €80,805 | €45,970 | ▼ 43.1% |
| Taxes450/3 | €45,513 | €36,831 | €32,469 | €8,653 | €13,103 | ▲ 51.4% |
| Remuneration and social security454/9 | €57,719 | €85,610 | €81,202 | €72,152 | €32,867 | ▼ 54.4% |
| Other amounts payable47/48 | €163,986 | €69,075 | €230,014 | €293,613 | €395,356 | ▲ 34.7% |
| Accrued charges and deferred income492/3 | €888 | €888 | €1,408 | €2,102 | €18,231 | ▲ 767% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€240,062 | €393,081 | €58,482 | -€310,344 | €62,631 | ▲ 120% |
| + Depreciation and write-downs630 | €11,393 | €22,817 | €39,289 | €16,742 | €13,402 | ▼ 20.0% |
| Operating cash flow (approximation) | -€228,669 | €415,898 | €97,771 | -€293,603 | €76,033 | ▲ 126% |
| Investment in fixed assets (approximation) | - | -€144,338 | -€28,497 | €78,157 | €0 | ▼ 100% |
| Change in cash | - | €177,655 | -€207,238 | -€3,120 | €29,798 | ▲ 1,055% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Back to profitnet €62,631
Net result €62,631 after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€310,344
Net result drops to -€310,344, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200,000Eq €215,647 ▲37.2%
2 profitable years in a row build equity to €215,647.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €393,081
Net result €393,081 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €157,166
Equity rises from -€235,915 to €157,166.
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 47 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 13 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
Show earlier events
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
09-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 252 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Asse · 1 establishment unit since 1975
Ground area
279 m²
Building footprint
100 m²
Volume, LiDAR
662 m³
Parcel 23041A0204/00Z004, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Willem De Ganckstraat 21, 1730 Asse
since 19752.013.041.196
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23041A0204/00Z004 | Flanders | 279 m² | 1 · 100 m² | 10.8 m · 2 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.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
50%
Holdings 1
- SIMA FIRE SOLUTIONSsubsidiarySourceown accounts 2025100%
According to the 2025 annual accounts of AS BUILT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 12,230 EUR awarded · 14,163 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,639 EUR | 4,639 EUR |
| 2024 | 1 | 671 EUR | 671 EUR |
| 2023 | 1 | 2,399 EUR | 4,332 EUR |
| 2022 | 2 | 4,521 EUR | 4,521 EUR |
Recognitions · licences · registrations
Recognised contractor
3 categoriesTHE RHINOS BV44114
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 5,064 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
Founded03-09-1975
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
43211General electrical installation work
71209Other technical testing and analysis
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0415420316
Registered
09-04-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.