AS Energy
ActiveThe computed 12-month bankruptcy probability of AS Energy is 3.0% (moderate). The 2025 annual accounts show equity of €16k and a net result of €-6k. Equity is shrinking by ~11% per year across the filed fiscal years. Its solvency ranks better than 55% of 27619 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▼-89
Solvency77▼-4
Growth32▼-26
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.02 against 1.9 in 2024; short-term debt: 48.4% and cash: 27.9% of total assets), and 48.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
51.6%
Return on assets
-19.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
21 d late
2024
7 d early
2023
2 d late
2022
12 d early
2021
16 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€137k
EBIT margin
20.2%
Net result
€-6k
2024 · €22k
2021: €22k
2022: €15k
2023: €9k
2024: €22k
2021 → 2025
Working capital
€16k=
2024 · €16k
2021: €4k
2022: €18k
2023: €4k
2024: €16k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€137k-
Equity€24k-€39k▲ 63.4%€18k▼ 53.8%€23k▲ 26.8%€16k▼ 27.7%
Operating result€28k-€19k▼ 33.0%€12k▼ 34.4%€29k▲ 134%€-6k
Net result€22k-€15k▼ 30.8%€9k▼ 38.3%€22k▲ 143%€-6k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €29k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32k
Fixed assets
€690▼ 90.1%
Current assets
€31k▼ 6.3%
Equity and liabilities €32k
Equity
€16k▼ 27.7%
Debt
€15k▼ 12.0%
The debt ratio rises from 43.6% to 48.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€747▼
2024 · €35k
Cash flow
€166▼
2024 · €29k
Solvency
51.6%▼
2024 · 56.4%
Current ratio
2.02▲
2024 · 1.90
Quick ratio
2.02▲
2024 · 1.90
Debt / equity
0.94▲
2024 · 0.77
ROE
-37.3%▼
2024 · 99.1%
ROA
-19.2%▼
2024 · 55.9%
Interest coverage
1.29▼
2024 · 167.11
Debt
€15k▼
2024 · €17k
Debt ≤ 1 year
€15k▼
2024 · €17k
Income taxes
€0▼
2024 · €6k
Staff costs
€40k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€40k€32k▼
Fixed assets21/28€7k€690▼
Tangible fixed assets22/27€7k€364▼
Plant, machinery and equipment23€461€67▼
Furniture and vehicles24€6k€12▼
Other tangible fixed assets26€508€285▼
Financial fixed assets28€326€326=
Current assets29/58€33k€31k▼
Amounts receivable within one year40/41€21k€22k▲
Trade receivables40€8k€18k▲
Other amounts receivable41€13k€4k▼
Cash at bank and in hand54/58€12k€9k▼
Deferred charges and accrued income490/1-€0
Equity and liabilities
Total equity and liabilities10/49€40k€32k▼
Equity10/15€23k€16k▼
Contributions10/11€2k€2k=
Outside capital11€2k-
Other1109/19€2k-
Profit (loss) carried forward14€21k€14k▼
Amounts payable17/49€17k€15k▼
Amounts payable within one year42/48€17k€15k▼
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€0▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€11k€7k▼
Income statement
Code20242025
Remuneration, social security and pensions62€3k€40k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€630€530▼
Non-recurring operating charges66A-€-977
Gross operating margin9900€39k€41k▲
Operating profit (loss)9901€29k€-6k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€212€581▲
Recurring financial charges65€212€581▲
Profit (loss) for the period before taxes9903€28k€-6k▼
Income taxes67/77€6k€0▼
Profit (loss) for the period9904€22k€-6k▼
Profit (loss) for the period to be appropriated9905€22k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€14k▼
Profit (loss) brought forward from the previous period14P€16k€20k▲
Profit to be distributed694/7€18k€0▼
Directors or managers695€18k€0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Weakest financial yearnet €-6k ▼127%
Net result drops to €-6k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2021net €22k ▲143%
Operating result €29k, net result €22k, both a record.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 2 days late
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Charleroi · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place du Transvaal 76010 CharleroiGround area
679 m²
Building footprint
502 m²
Volume, LiDAR
7,344 m³
2 parcels, Wallonia · tallest building 19.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
AS ENERGY
since 20212.313.509.683
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52014B0367/00S045 | Wallonia | 504 m² | 1 · 332 m² | 19.2 m · 6 fl. |
| 52014B0030/00P010 | Wallonia | 175 m² | 1 · 169 m² | 12.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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VALY INSTAL
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Of 4,267 companies in sector 43230 we hold annual accounts for 1,240. 831 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-01-2021
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.