AS DEV STACK
ActiveSummary
AS DEV STACK has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€93,906) and a net result of -€43,270. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 3494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability0▼-1
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.53 in 2023; short-term debt: 129.8% and cash: 96.6% of total assets), and equity is negative.
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Signals
Five 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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-80.4%
Return on assets
-37%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
192021222325
2019 to 2025 · latest year -€93,906
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 07-01-2026, 24 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
24 d early
2023
on the day
2022
on the day
2021
28 d late
2020
26 d late
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days after the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€43,270▲ 35.5%
2023 · -€67,127
Working capital
-€37,816▲ 55.0%
2023 · -€84,002
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result-€3,309▼ 32.5%€23,602-€3,369€7,633-€42,602-
Net result-€3,501▼ 27.7%-€8,463▼ 142%-€3,879▲ 54.2%-€67,127▼ 1,631%-€43,270-
Equity-€43-€8,506▼ 19,890%-€12,385▼ 45.6%-€79,512▼ 542%-€93,906-
Total assets€43,086▲ 22.5%€81,014▲ 88.0%€74,992▼ 7.4%€99,940▲ 33.3%€116,807-
Debt€43,128▲ 35.9%€89,520▲ 108%€87,377▼ 2.4%€179,452▲ 105%€151,625-
Working capital-€713▼ 571%-€9,688▼ 1,258%-€17,512▼ 80.8%-€84,002▼ 380%-€37,816-
Result per fiscal year
Operating resultNet result
The operating result is -€42,602 in 2025, compared with €7,633 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €116,807
Fixed assets
€2,998 ▼ 33.2%
Current assets
€113,809 ▲ 19.2%
Key figures and ratios
EBITDA
-€41,141▼
2023 · €9,088
Cash flow
-€41,808▲
2023 · -€65,672
Solvency
-80.4%▼
2023 · -79.6%
Current ratio
0.75▲
2023 · 0.53
Debt to equity
-1.61▲
2023 · -2.26
ROA
-37.0%▲
2023 · -67.2%
Interest coverage
-96.69▼
2023 · 0.12
Debt ≤ 1 year
€151,625▼
2023 · €179,452
Income taxes
€330
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €590 | €261 | €666 | €1,455 | €1,461 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €59,088 | - |
| Other operating charges640/8 | - | - | €348 | €371 | €387 | - |
| Gross operating margin9900 | €80 | €24,215 | -€2,355 | €9,459 | €18,335 | - |
| Operating profit (loss)9901 | -€3,309 | €23,602 | -€3,369 | €7,633 | -€42,602 | - |
| Financial income75/76B | - | - | €155 | €70 | €88 | - |
| Recurring financial income75 | - | €99 | €155 | €70 | €88 | - |
| Financial charges65/66B | - | - | €665 | €74,830 | €425 | - |
| Recurring financial charges65 | €191 | €32,164 | €665 | €74,830 | €425 | - |
| Profit (loss) for the period before taxes9903 | -€3,501 | -€8,463 | -€3,879 | -€67,127 | -€42,940 | - |
| Income taxes67/77 | - | - | - | - | €330 | - |
| Profit (loss) for the period9904 | -€3,501 | -€8,463 | -€3,879 | -€67,127 | -€43,270 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,501 | -€8,463 | -€3,879 | -€67,127 | -€43,270 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,086 | €81,014 | €74,992 | €99,940 | €116,807 | - |
| Fixed assets21/28 | €671 | €1,182 | €5,400 | €4,491 | €2,998 | - |
| Tangible fixed assets22/27 | €446 | €957 | €5,175 | €4,266 | €2,773 | - |
| Plant, machinery and equipment23 | - | - | €4,233 | €3,305 | €2,618 | - |
| Furniture and vehicles24 | - | - | €942 | €960 | €155 | - |
| Financial fixed assets28 | €225 | €225 | €225 | €225 | €225 | - |
| Current assets29/58 | €42,415 | €79,832 | €69,592 | €95,450 | €113,809 | - |
| Amounts receivable within one year40/41 | €8,065 | - | €3,619 | €505 | - | - |
| Trade receivables40 | - | - | €787 | - | - | - |
| Other amounts receivable41 | - | - | €2,833 | €505 | - | - |
| Cash at bank and in hand54/58 | €34,350 | €79,372 | €65,802 | €94,535 | €112,893 | - |
| Deferred charges and accrued income490/1 | - | - | €171 | €410 | €916 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,086 | €81,014 | €74,992 | €99,940 | €116,807 | - |
| Equity10/15 | -€43 | -€8,506 | -€12,385 | -€79,512 | -€93,906 | - |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | - |
| Outside capital11 | - | - | €6,200 | €6,200 | - | - |
| Other1109/19 | - | - | €6,200 | €6,200 | - | - |
| Profit (loss) carried forward14 | -€6,243 | -€14,706 | -€18,585 | -€85,712 | -€100,106 | - |
| Provisions and deferred taxes16 | - | - | - | - | €59,088 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €59,088 | - |
| Other liabilities and charges164/5 | - | - | - | - | €59,088 | - |
| Amounts payable17/49 | €43,128 | €89,520 | €87,377 | €179,452 | €151,625 | - |
| Amounts payable within one year42/48 | €43,128 | €89,520 | €87,104 | €179,452 | €151,625 | - |
| Trade debts44 | €8,834 | €2,859 | - | - | €765 | - |
| Suppliers440/4 | - | - | - | - | €765 | - |
| Taxes, remuneration and social security45 | - | - | €1,280 | €5,930 | €5,993 | - |
| Taxes450/3 | - | - | €1,280 | €5,930 | €5,993 | - |
| Other amounts payable47/48 | - | - | €85,825 | €173,523 | €144,868 | - |
| Accrued charges and deferred income492/3 | - | - | €273 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,501 | -€8,463 | -€3,879 | -€67,127 | -€43,270 | - |
| + Depreciation and write-downs630 | €590 | €261 | €666 | €1,455 | €1,461 | - |
| Operating cash flow (approximation) | -€2,911 | -€8,202 | -€3,213 | -€65,672 | -€41,808 | - |
| Investment in fixed assets (approximation) | - | -€772 | -€4,885 | -€545 | - | - |
| Change in cash | - | €45,022 | -€13,570 | €28,733 | - | - |
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
07-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€67,127
Net result drops to -€67,127, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Etterbeek · 1 establishment unit since 2017
Ground area
325 m²
Building footprint
129 m²
Volume, LiDAR
1,912 m³
Parcel 21005A0542/00B006, Brussels · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
334
companies at this address
See who is registered here
1 establishment unit
AS DEV STACK
since 20172.274.508.953
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0542/00B006 | Brussels | 325 m² | 1 · 129 m² | 17.0 m · 5 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900C91MYR7OHOZH04
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Of 6,288 companies in sector 74120 we hold annual accounts for 1,011. 432 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
Founded22-11-2017
Fiscal year end30-06
Activities, NACEBEL 2025
74120Graphic design and visual communication
E-invoicing
Reachable via Peppol
Peppol ID
0208:0684919869
Registered
09-05-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.