AS.SOCIATE HR

Active

Private limited companyfounded 20215 yrs activeLeopold I-straat 88, 1020 Brussel, BelgiumKBO/BCE: BE 0773.787.608

The computed 12-month bankruptcy probability of AS.SOCIATE HR is 9.9% (elevated). The 2025 annual accounts show equity of €8k and a net result of €-3k. Equity is shrinking by ~31.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 93% of 7027 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

51 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-29

Solvency100=

Growth32=

Track record94

Bankruptcy probability, 12 months

9.9% Elevated

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity ample (current ratio 18.01 against 78.36 in 2024; short-term debt: 5.6% and cash: 44.4% of total assets), and 5.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2025

Solvency, return and age of the figures

Solvency

94.4%

Return on assets

-33.5%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

31 d early

2024

7 d early

2023

6 d early

2022

7 d early

← before the deadline after the deadline →

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 months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€8k▼ 80.4%

2024 · €41k

2022: €53k 2023: €42k 2024: €41k

2022 → 2025

Total assets

€8k▼ 79.5%

2024 · €41k

2022: €71k 2023: €58k 2024: €41k

2022 → 2025

Net result

€-3k▼ 100%

2024 · €-1k

2022: €56k 2023: €-10k 2024: €-1k

2022 → 2025

Working capital

€8k▼ 80.4%

2024 · €41k

2022: €53k 2023: €42k 2024: €41k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€53k-€42k▼ 20.6%€41k▼ 3.3%€8k▼ 80.4%

Operating result€70k-€-10k€-2k▲ 78.5%€-3k▼ 21.4%

Net result€56k-€-10k€-1k▲ 86.1%€-3k▼ 100%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €3k in 2025 against €2k in 2024; the loss grows.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €8k

94.4%

Equity €8k▼ 80.4%

Debt €470▼ 10.9%

The debt ratio rises from 1.3% to 5.6%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

Solvency

94.4%▼

2024 · 98.7%

Current ratio

18.01▼

2024 · 78.36

Quick ratio

18.01▼

2024 · 78.36

Debt / equity

0.06▲

2024 · 0.01

ROE

-35.4%▼

2024 · -3.5%

ROA

-33.5%▼

2024 · -3.4%

Debt

€470▼

2024 · €528

Debt ≤ 1 year

€470▼

2024 · €528

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€41k€8k▼

Current assets29/58€41k€8k▼

Amounts receivable within one year40/41€406€5k▲

Trade receivables40-€5k

Other amounts receivable41€406€208▼

Current investments50/53€41k€0▼

Cash at bank and in hand54/58€277€4k▲

Equity and liabilities

Total equity and liabilities10/49€41k€8k▼

Equity10/15€41k€8k▼

Contributions10/11€3k€3k=

Profit (loss) carried forward14€38k€5k▼

Amounts payable17/49€528€470▼

Amounts payable within one year42/48€528€470▼

Trade debts44€528€470▼

Suppliers440/4€528€470▼

Income statement Code20242025

Other operating charges640/8€528€544▲

Gross operating margin9900€-2k€-2k▼

Operating profit (loss)9901€-2k€-3k▼

Financial income75/76B€851€63▼

Recurring financial income75€851€63▼

Financial charges65/66B€93€261▲

Recurring financial charges65€93€261▲

Profit (loss) for the period before taxes9903€-1k€-3k▼

Profit (loss) for the period9904€-1k€-3k▼

Profit (loss) for the period to be appropriated9905€-1k€-3k▼

Appropriation of the result

Profit (loss) to be appropriated9906€38k€35k▼

Profit (loss) brought forward from the previous period14P€39k€38k▼

Profit to be distributed694/7-€30k

Return on contributions (dividend)694-€30k

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

24-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Liquidity times 21current ratio 78.36

Current ratio from 3.65 to 78.36; short-term debt falls from €16k to €528.

25-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-10k ▼118%

Net result drops to €-10k, the lowest in the series; recovery starts the following year.

24-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Brussel · 10 establishment units since 2021

establishment All 10 establishment units on the map

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.

Leopold I-straat 881020 Brussel

Ground area

3,589 m²

Building footprint

1,793 m²

Volume, LiDAR

18,494 m³

11 parcels, Brussels, Flanders · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.

10 establishment units

AS.SOCIATE HR

Gemeenteplein 2, 1861 MeiseComputing infrastructure, data processing, hosting and other information service activities

since 20212.321.649.963

Au croquant

Pervijzestraat 48, 1040 EtterbeekRetail sale of bread and pastry (bakery outlets)

since 20262.392.027.819

Au croquant

Grimbergsesteenweg 170, 1853 GrimbergenRetail sale of bread and pastry (bakery outlets)

since 20262.392.027.918

Au croquant

Heembeeksestraat 193, 1120 BrusselRetail sale of bread and pastry (bakery outlets)

since 20262.392.028.017

Au croquant

Populierenhof 75, 1200 Sint-Lambrechts-WoluweRetail sale of bread and pastry (bakery outlets)

since 20262.392.028.116

Au croquant

Lt. Graffplein 12, 1780 WemmelRetail sale of bread and pastry (bakery outlets)

since 20262.392.028.215

Show 4 more locations

Au croquant

De Wandstraat 275, 1020 BrusselRetail sale of bread and pastry (bakery outlets)

since 20262.392.028.314

Au croquant

Kardinaal Mercierplein 42, 1090 JetteRetail sale of bread and pastry (bakery outlets)

since 20262.392.028.413

Au croquant

Ridder Koninglaan 43, 1200 Sint-Lambrechts-WoluweRetail sale of bread and pastry (bakery outlets)

since 20262.392.028.512

Au croquant

Gentsesteenweg 1082, 1082 Sint-Agatha-BerchemRetail sale of bread and pastry (bakery outlets)

since 20262.392.028.611

11 parcels

Flanders 3 (27.3%) Brussels 8 (72.7%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21342B0071/00M003	Brussels	1,056 m²	1 · 93 m²	16.3 m · 5 fl.
23084A0217/00N009	Flanders	526 m²	1 · 111 m²	14.5 m · 4 fl.
21818E0166/00K008	Brussels	399 m²	1 · 399 m²	12.3 m · 3 fl.
21673D0150/00D037	Brussels	374 m²	1 · 302 m²	17.9 m · 5 fl.
22662B0081/00D003	Flanders	368 m²	1 · 190 m²	17.1 m · 4 fl.
21363B0327/00M006	Brussels	235 m²	1 · 237 m²	16.9 m · 4 fl.
23093F0614/00F000	Flanders	186 m²	1 · 176 m²	11.6 m · 3 fl.
21018A0121/03C009	Brussels	145 m²	1 · 55 m²	9.3 m · 2 fl.
21815D0112/00D002	Brussels	127 m²	1 · 114 m²	11.2 m · 3 fl.
21819D0150/00Z000	Brussels	126 m²	1 · 68 m²	13.1 m · 4 fl.