Equity
-€93,906
Debts exceed assets in financial year 2025.
AS DEV STACK
Overview
Lifetime
6 annual accounts with figures on one time axispeak €24,215 (2021)
€18,335
lowest -€67,127 (2023)
-€43,270
peak €3,458 (2019)
-€93,906
€151,625
Board2 names since 2017
2 directors and 1 other
Documentsfilings and deeds
07-01-202624 days before the deadline
2025micro format
Loss of €43,270No figures for the year before
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Key points
from the 2025 annual accountsLosses
-€128,982 in six years
Every financial year from 2019 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€151,625 130% of the balance sheet
Suppliers 1%Taxes and wages 4%Other 96%
Filings
6 annual accounts 3 late
The 2021 accounts came latest: 28 days after the end of the period.
At the same address
329 companies
Position in the sector
-€43,270
Lower net result than 95% of companies in other professional activities. Sector median €9,303 · 4,360 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as AS DEV STACK has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 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 6,008 companies, not a prediction for AS DEV STACK. 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
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Signals
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Board and ownership
Director, since 29-12-2023
Manager
- 99 sharesdeed of 24-11-2017
- 1 sharedeed of 24-11-2017
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0684919869
Change of role: , from manager to director
Director discharge: · General meeting of 29-12-2023 · Gazette deed
Registered office moved within Brussels
New registered office: Rue Abbé Cuypers 3, 1040 Bruxelles · Previous registered office: Rue Josse Impens 16 1030 Bruxelles · General meeting of 17-04-2018 · Gazette deed
Incorporation
Founding capital of €18,600, 100 shares, €6,200 paid up · Founders: and · Appointment: (manager) · published on 24-11-2017 · Gazette deed
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Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AS DEV STACK Etterbeek | €116,807 | €18,335 | -80.4% | - |
| BRANDALL Brakel | €111,455 | €20,421 | 91.1% | - |
| NXstep Tienen | €104,343 | €20,169 | 51.8% | - |
| Toast Confituur Antwerp | €111,920 | €14,875 | 60.6% | - |
| CRAFT STUDIO Waimes | €97,522 | €21,479 | 71.7% | - |
| KARTELL Zonnebeke | €114,667 | €16,678 | 21.1% | - |
| BUREAU WIT Antwerp | €150,597 | €16,954 | 85.6% | - |
These companies have the same main activity as AS DEV STACK: graphic design and visual communication (NACE 74120). They are comparable in size and age: total assets between €97,500 and €151,000, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 22-11-2017Normal situation
- Registered office
- 330 active companies are registered at this address18 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Graphic design and visual communicationNACE 74120
- Establishment unit
- 2.274.508.9531040 Etterbeek, since 22-11-2017
- Financial year end
- 30 June
- Peppol
- Reachable since 09-05-2026
Annual accounts to 30-06-2025
- €18,335
- ≈ €110,000estimated
- €43,270
- -€93,906
- €116,807
- Filing
- Filed on 07-01-2026, 24 days before the end of the filing period
Insights on AS DEV STACK
AS DEV STACK files the micro format. That format states no turnover. The gross margin rose from €911 in 2019 to €18,335 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 07-01-2026, 24 days before the deadline€18,335
-€42,602
-€43,270
-€37,816
-80.4%
0.75
The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €57,000 and €210,000.
Balance sheet
balance sheet total €116,807 on 30-06-2025What the company ownsHow it is paid for
Position in the sector
-80.4%
Higher than 7% of 4,365 companies in 2025.
0.75
Higher than 17% of 4,197 companies in 2025.
-37.0%
Higher than 7% of 4,227 companies in 2025.
AS DEV STACK
Middle half of the sector
80% of the sector
Micro accounts in other professional activities (NACE 74)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
116,807 | 99,940 | 74,992 | 81,014 | 43,086 | 35,186 | |
21/28 |
2,998 | 4,491 | 5,400 | 1,182 | 671 | 3,564 | |
22/27 |
2,773 | 4,266 | 5,175 | 957 | 446 | 3,339 | |
23 |
2,618 | 3,305 | 4,233 | - | - | 310 | |
24 |
155 | 960 | 942 | 957 | 446 | 3,029 | |
28 |
225 | 225 | 225 | 225 | 225 | 225 | |
29/58 |
113,809 | 95,450 | 69,592 | 79,832 | 42,415 | 31,621 | |
40/41 |
- | 505 | 3,619 | - | 8,065 | 24,061 | |
40 |
- | - | 787 | - | 7,713 | 23,861 | |
41 |
- | 505 | 2,833 | - | 352 | 200 | |
54/58 |
112,893 | 94,535 | 65,802 | 79,372 | 34,350 | 7,150 | |
490/1 |
916 | 410 | 171 | 461 | - | 410 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
116,807 | 99,940 | 74,992 | 81,014 | 43,086 | 35,186 | |
10/15 |
-93,906 | -79,512 | -12,385 | -8,506 | -43 | 3,458 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | 12,400 | 12,400 | |
11 |
- | 6,200 | 6,200 | 6,200 | - | - | |
1109/19 |
- | 6,200 | 6,200 | 6,200 | - | - | |
14 |
-100,106 | -85,712 | -18,585 | -14,706 | -6,243 | -2,742 | |
16 |
59,088 | - | - | - | - | - | |
160/5 |
59,088 | - | - | - | - | - | |
164/5 |
59,088 | - | - | - | - | - | |
17/49 |
151,625 | 179,452 | 87,377 | 89,520 | 43,128 | 31,728 | |
42/48 |
151,625 | 179,452 | 87,104 | 89,520 | 43,128 | 31,728 | |
44 |
765 | - | - | 2,859 | 8,834 | 776 | |
440/4 |
765 | - | - | 2,859 | 8,834 | 776 | |
45 |
5,993 | 5,930 | 1,280 | 5,862 | - | 6,712 | |
450/3 |
5,993 | 5,930 | 1,280 | 5,862 | - | 6,712 | |
47/48 |
144,868 | 173,523 | 85,825 | 80,798 | 34,295 | 24,240 | |
492/3 |
- | - | 273 | - | - | - | |
| Income statement | |||||||
9900 |
18,335 | 9,459 | -2,355 | 24,215 | 80 | 911 | |
630 |
1,461 | 1,455 | 666 | 261 | 590 | 3,325 | |
635/8 |
59,088 | - | - | - | - | - | |
640/8 |
387 | 371 | 348 | 352 | 118 | 84 | |
66A |
- | - | - | - | 2,682 | - | |
9901 |
-42,602 | 7,633 | -3,369 | 23,602 | -3,309 | -2,497 | |
75/76B |
88 | 70 | 155 | 99 | - | 34 | |
75 |
88 | 70 | 155 | 99 | - | 34 | |
65/66B |
425 | 74,830 | 665 | 32,164 | 191 | 278 | |
65 |
425 | 74,830 | 665 | 32,164 | 191 | 278 | |
9903 |
-42,940 | -67,127 | -3,879 | -8,463 | -3,501 | -2,742 | |
67/77 |
330 | - | - | - | - | - | |
9904 |
-43,270 | -67,127 | -3,879 | -8,463 | -3,501 | -2,742 | |
9905 |
-43,270 | -67,127 | -3,879 | -8,463 | -3,501 | -2,742 | |
| Appropriation of the result | |||||||
9906 |
-100,106 | -85,712 | -18,585 | -14,706 | -6,243 | -2,742 | |
14P |
-56,836 | -18,585 | -14,706 | - | - | - | |
| Document | |||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 07-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 07-01-2026 | 2026-00003160 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00027036 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00017764 | |
| 30-06-2021 | micro format | 28-02-2022 | 2022-06900031 | |
| 30-06-2020 | full format | 26-02-2021 | 2021-06600118 | |
| 30-06-2019 | micro format | 21-02-2020 | 2020-05500426 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| -41,141 | 9,088 | -2,703 | 23,863 | -2,719 | 828 | ||
| -41,808 | -65,672 | -3,213 | -8,202 | -2,911 | 583 | ||
| 679 | 545 | 4,885 | 772 | 378 | 6,890 | ||
| - | 28,733 | -13,570 | 45,022 | 27,199 | - | ||
| -37,816 | -84,002 | -17,512 | -9,688 | -713 | -106 | ||
| -80.4% | -79.6% | -16.5% | -10.5% | -0.1% | 9.8% | ||
| 0.75 | 0.53 | 0.80 | 0.89 | 0.98 | 1.00 | ||
| - | - | - | - | - | 9.17 | ||
| - | - | - | - | - | -79.3% | ||
| -37.0% | -67.2% | -5.2% | -10.4% | -8.1% | -7.8% | ||
| -96.69 | 0.12 | -4.07 | - | - | - |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|
| Tangible fixed assets | €454 | €545 | €4,885 |
| Financial fixed assets | €225 | - | - |
| €1,461 | €1,455 | €666 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on AS DEV STACK
The operating result for 2025 is a loss of €42,602, against €7,633 in 2023. Comparable figures for the intervening years are unavailable.
Equity is negative. Debt (€151,625) exceeds the balance-sheet total (€116,807).
Board & ownership
Board
2 directors, no change since 2024Director (not named in the articles)
since 29-12-2023
term without a fixed end
earlier manager, until 29-01-2024
listed in the 2025 annual accounts, filed on 07-01-2026
Manager
current term since 29-12-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 07-01-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “SIEGE SOCIAL : à Schaerbeek (1030 Bruxelles), rue Josse Impens, 16 ; GERANCE : la société est administrée par un ou plusieurs gérants…”deed of 24-11-2017
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Mandates through the years
2 names, the dashed line is todayManager
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
-
- Manager, appointed by deed of 24-11-2017, still in office
-
- Director (not named in the articles), since before 30-06-2022
- Manager, until 29-01-2024
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Control
Founders
,
This company
AS DEV STACK
Equity -€93,906
Loss €43,270 in 2025
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Capital
- Contribution
- €6,200
- Shares
- 100
- Contribution per share
- €62
- Equity per share
- -€939 in 2025
- Source
- 2025 annual accounts
Articles of association
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 29-01-2024 (in French)
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Monday of December at 18:00deed of 24-11-2017 (in French)
Shareholders
At incorporation
deed of 24-11-2017 ↗
- 99 shares (99%)
- 1 share (1%)
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Capital transactions
Capital over time
- 29-01-2024 Converted to unavailable equity
- 24-11-2017 Incorporation · €18,600 · 100 shares
Network & group
No group
AS DEV STACK has no parent and no holdings in its annual accounts. AS DEV STACK shares no director with another company.
At the same address
Priester Cuypersstraat 3, 1040 Etterbeek · 329 other companies| BRUSSELS AIRPORT COMPANY
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total assets €90.4m (2025) 0737.910.771 |
| Smartfin Capital III
registered office since 07-04-2023 · founded in 2023 |
total assets €71.4m (2025) 0800.554.064 |
| EUROPESE PARTICIPATIEMAATSCHAPPIJ
registered office since 07-08-2018 · founded in 2018 |
total assets €40.0m (2025) 0700.712.657 |
| Smartfin Ventures II
registered office since 23-12-2020 · founded in 2020 |
total assets €29.1m (2025) 0760.460.402 |
| KIKO BELGIQUE
registered office since 14-11-2014 · founded in 2014 |
151 FTE (2025) 0567.806.821 |
| SMARTFIN VENTURES, IN VEREFFENING
registered office since 20-02-2017 · founded in 2017 |
total assets €18.7m (2025) 0671.644.727 |
| INTEGRATECH
registered office since 06-01-2010 · founded in 2010 |
26 FTE (2025) 0821.939.101 |
| INTERNATIONAL AEROSPACE QUALITY GROUP
registered office since 08-01-2014 · founded in 2014 · accounts filed late |
total assets €8.5m (2023) 0543.909.583 |
| EST Real Estate
registered office since 29-03-1990 · founded in 1990 |
total assets €6.7m (2026) 0440.581.324 |
Timeline
Timeline
12 events since 2017Board
Filings
Financial
Establishments
Address
20182020202220242026
Deadline for the 2026 accounts: 31-01-2027
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0684919869
Annual accounts 2025 filed PDFmicro format · 24 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · on the deadline day
Change of role: , from manager to directorDirector discharge: · General meeting of 29-12-20236 points ▸
- General meeting, 29-12-2023
- Director resignation, (manager)
- Director appointment, (director (not named in the articles))
- Director discharge,
- Registered office clause, Etterbeek, rue Abbé Cuypers 3
- 100 shares
- The deed holds 5 more points.
2023
Weakest financial year net -€67,127 The net result drops to -€67,127, the lowest from 2019 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · on the deadline day
2022
Annual accounts 2021 filed PDFmicro format · 28 days late
2021
Annual accounts 2020 filed PDFfull format · 26 days late
2020
Annual accounts 2019 filed PDFmicro format · 21 days late
2018
Registered office moved within BrusselsNew registered office: Rue Abbé Cuypers 3, 1040 Bruxelles · Previous registered office: Rue Josse Impens 16 1030 Bruxelles · General meeting of 17-04-20182 points ▸
- General meeting, 17-04-2018
- Registered-office move, Rue Abbé Cuypers 3, 1040 Bruxelles
2017
IncorporationFounding capital of €18,600, 100 shares, €6,200 paid up · Founders: and · Appointment: (manager) · published on 24-11-20174 points ▸
- Founder,
- Founder,
- Founding capital, €18,600, 100 shares
- Director appointment, (manager)
- The deed holds 3 more points.
First establishment Priester Cuypersstraat 3, Etterbeek
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Financial 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
Identity
- Enterprise number
- 0684.919.869
- VAT number
- BE 0684.919.869
- Peppol ID
- 0208:0684919869
- LEI code
- 254900C91MYR7OHOZH04 no longer live in the LEI register
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 22-11-2017
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Monday of December at 18:00deed of 24-11-2017 (in French)
- Peppol
- Reachable since 09-05-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- AS DEV STACK in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 29-01-2024 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 29-01-2024 (in French)
Activities
NACEBEL 202574120
Graphic design and visual communication main activity
Codes under NACEBEL 2008
74103
Other professional, scientific and technical activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L'étude,l'analyse,le développement,la conception,l'achat,la vente,la commercialisation,la réparation,l’entretien et la maintenance de…”deed of 29-01-2024 (in French)
11 activities
- L'étude,l'analyse,le développement,la conception,l'achat,la vente,la commercialisation,la réparation,l’entretien et la maintenance de logiciels,d'outils multimédias,de systèmes informatiques,de systèmes d'information et de communication,de matériel informatique,de matériel de bureautique,et de tous leurs accessoires
- L'étude,l'analyse,le développement,la conception,la maintenance,l'achat,la vente et la commercialisation de services internet,de sites internet et de plates-formes de e-commerce
- La création d’applications mobiles
- La post production de long métrage,création d'animations,de films publicitaires
- La création et post production musicale
- Le design pre-press,affiches,brochures,etc
- Le design au sens plus large:création d'identités visuelles,logos,design de petits objets(mobilier,luminaires et décoration)
- La conception d’expériences digitales(installations)pour l'événementiel(théâtre,espaces culturels,etc)
- Le conseil,l'étude,la formation,l'organisation d'événements,l'assistance,l'audit et la prestation de tous services en matière d'informatique,de communication et management lié
- La gestion de droits d’auteurs
- Toutes opérations immobilières au sens le plus large:notamment gestion biens immobiliers,conseils réalisation immobilière,réalisation projets immobiliers,acheter et vendre droit,obligation et titre immobilier,ériger immeubles,aménager,décorer,prendre ou donner en location,prendre ou donner droits d’emphytéose ou superficie,travaux rendre immeubles rentables,lotir terrains,créer voirie,contrats de leasing,et caetera
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Priester Cuypersstraat 3 registered office 1040 Etterbeek | 22-11-2017 | 2.274.508.953 |
1 former office
- Rue Josse Impens 16, 1030 Bruxelles until 17-04-2018 · deed of 17-05-2018
Buildings and parcels at the address
- Ground area
- 325 m²
- Buildings
- 129 m²
- Volume, LiDAR
- 1,912 m³
- Tallest building
- 17.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21005A0542/00B006 | 325 m² | 1 · 129 m² | 17.0 m · 5 |