ASA Constructs
ActiveASA Constructs has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €47k and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 19348 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability39▼-51
Solvency36▼-31
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.27 against 1.18 in 2023; short-term debt: 19.6% and cash: 0% of total assets), and 88.5% of the assets are financed with debt.
Credit advice for your own amount and term
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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2024Solvency, return and age of the figures
Solvency
11.5%
Return on assets
-0.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
37 d early
2022
32 d early
2021
30 d early
2020
37 d early
2019
33 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€47k▼ 5.9%
2023 · €50k
2018: €11k
2019: €-274
2020: €6k
2021: €12k
2022: €29k
2023: €50k
2018 → 2024
Total assets
€409k▲ 245%
2023 · €119k
2018: €58k
2019: €69k
2020: €71k
2021: €59k
2022: €67k
2023: €119k
2018 → 2024
Net result
€-3k
2023 · €21k
2018: €5k
2019: €-11k
2020: €7k
2021: €6k
2022: €5k
2023: €21k
2018 → 2024
Working capital
€-59k
2023 · €8k
2018: €-32k
2019: €-62k
2020: €-26k
2021: €-8k
2022: €-907
2023: €8k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€6k-€12k▲ 87.8%€29k▲ 147%€50k▲ 70.2%€47k▼ 5.9%
Operating result€8k-€9k▲ 20.6%€7k▼ 23.5%€30k▲ 314%€8k▼ 72.9%
Net result€7k-€6k▼ 15.8%€5k▼ 9.0%€21k▲ 307%€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 73% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €409k
Fixed assets
€388k▲ 498%
Current assets
€22k▼ 59.8%
Equity and liabilities €409k
Equity
€47k▼ 5.9%
Debt
€362k▲ 427%
The debt ratio rises from 57.9% to 88.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€27k▼
2023 · €42k
Cash flow
€16k▼
2023 · €33k
Solvency
11.5%▼
2023 · 42.1%
Current ratio
0.27▼
2023 · 1.18
Quick ratio
0.15▼
2023 · 0.96
Debt / equity
7.71▲
2023 · 1.38
ROE
-6.3%▼
2023 · 41.2%
ROA
-0.7%▼
2023 · 17.4%
Interest coverage
2.50▼
2023 · 72.87
Debt
€362k▲
2023 · €69k
Debt ≤ 1 year
€80k▲
2023 · €46k
Debt > 1 year
€282k▲
2023 · €23k
Income taxes
€108▼
2023 · €8k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€119k€409k▲
Fixed assets21/28€65k€388k▲
Tangible fixed assets22/27€65k€388k▲
Land and buildings22-€340k
Plant, machinery and equipment23€21k€16k▼
Furniture and vehicles24€44k€32k▼
Current assets29/58€54k€22k▼
Stocks and contracts in progress3€10k€10k▼
Stocks30/36€10k€10k▼
Amounts receivable within one year40/41€43k€12k▼
Trade receivables40€33k€10k▼
Other amounts receivable41€9k€2k▼
Cash at bank and in hand54/58€1k€46▼
Equity and liabilities
Total equity and liabilities10/49€119k€409k▲
Equity10/15€50k€47k▼
Contributions10/11€19k€19k=
Reserves13€31k€28k▼
Distributable reserves133€31k€28k▼
Amounts payable17/49€69k€362k▲
Amounts payable after more than one year17€23k€282k▲
Financial debts170/4€23k€282k▲
Amounts payable within one year42/48€46k€80k▲
Current portion of amounts payable after more than one year42€11k€25k▲
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Taxes, remuneration and social security45€10k€9k▼
Taxes450/3€10k€9k▼
Other amounts payable47/48€17k€43k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€19k▲
Other operating charges640/8€6k€1k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€48k€31k▼
Operating profit (loss)9901€30k€8k▼
Financial charges65/66B€579€11k▲
Recurring financial charges65€579€11k▲
Profit (loss) for the period before taxes9903€29k€-3k▼
Income taxes67/77€8k€108▼
Profit (loss) for the period9904€21k€-3k▼
Profit (loss) for the period to be appropriated9905€21k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€-3k▼
Transfer from equity791/2-€3k
Transfer to equity691/2€21k-
To other reserves6921€21k-
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €21k ▲307%
Operating result €30k, net result €21k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-11k ▼330%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro 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, Lokeren · 1 establishment unit since 2017
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.
Konijnenstraat 109160 LokerenGround area
633 m²
Building footprint
182 m²
Parcel 46382B0736/00C002, Flanders. Linked by address, not a title deed.
1 establishment unit
Konijnenstraat 10, 9160 Lokeren
since 20172.262.937.051
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B0736/00C002 | Flanders | 633 m² | 1 · 182 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Recognised contractor
9 categoriesASA Constructs BV#10437
ASA Constructs BV43579
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Of 9,697 companies in sector 68121 we hold annual accounts for 7,378. 4,957 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-03-2017
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
43120Site preparation
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
42211Civil engineering
42212Civil engineering
42219Civil engineering
42220Construction of utility projects for electricity and telecommunications
43130Specialised construction activities
43212Electrical installation work in industrial facilities
46190Agents in non-specialised wholesale trade
46499Wholesale of other household goods
46620Wholesale of machine tools
46839Wholesale trade
47529Retail trade
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.