ASA-THERM
ActiveSummary
The computed 12-month bankruptcy probability of ASA-THERM is 3.0% (moderate). The 2025 annual accounts show equity of €54k and a net result of €48k. Its solvency ranks better than 74% of 27965 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes
Profitability100
Solvency94
Growth-
Track record67
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.59; short-term debt: 30.5% and cash: 42% of total assets), and 30.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.5%
Return on assets
61.7%
Age of the figures
9 mo
neutral · 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 · 1 filingDeviation from the deadline
2025
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Turnover
€0
Total assets
€77k
Net result
€48k
Working capital
€38k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €77k
Fixed assets
€16k
Current assets
€61k
Equity and liabilities €77k
Equity
€54k
Debt
€24k
Debt finances 30.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€68k
Cash flow
€50k
Current ratio
2.59
Debt to equity
0.44
ROE
88.8%
ROA
61.7%
Interest coverage
101.77
Debt ≤ 1 year
€24k
Income taxes
€17k
Filed annual accounts As filed with the NBB · 2025 · 36 lines
Balance sheet
Code2025
Assets
Total assets20/58€77k
Fixed assets21/28€16k
Tangible fixed assets22/27€16k
Plant, machinery and equipment23€4k
Furniture and vehicles24€12k
Current assets29/58€61k
Amounts receivable within one year40/41€29k
Trade receivables40€4k
Other amounts receivable41€24k
Cash at bank and in hand54/58€33k
Deferred charges and accrued income490/1€62
Equity and liabilities
Total equity and liabilities10/49€77k
Equity10/15€54k
Contributions10/11€6k
Profit (loss) carried forward14€48k
Amounts payable17/49€24k
Amounts payable within one year42/48€24k
Trade debts44€15k
Suppliers440/4€15k
Taxes, remuneration and social security45€8k
Taxes450/3€3k
Remuneration and social security454/9€6k
Other amounts payable47/48€0
Income statement
Code2025
Turnover70€0
Goods, raw materials, services and sundry goods60/61€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k
Other operating charges640/8€524
Gross operating margin9900€68k
Operating profit (loss)9901€65k
Financial charges65/66B€666
Recurring financial charges65€666
Profit (loss) for the period before taxes9903€65k
Income taxes67/77€17k
Profit (loss) for the period9904€48k
Profit (loss) for the period to be appropriated9905€48k
Appropriation of the result
Profit (loss) to be appropriated9906€48k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2025 |
|---|---|
| Turnover70 | €0 |
| Goods, raw materials, services and sundry goods60/61 | €0 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k |
| Other operating charges640/8 | €524 |
| Gross operating margin9900 | €68k |
| Operating profit (loss)9901 | €65k |
| Financial charges65/66B | €666 |
| Recurring financial charges65 | €666 |
| Profit (loss) for the period before taxes9903 | €65k |
| Income taxes67/77 | €17k |
| Profit (loss) for the period9904 | €48k |
| Profit (loss) for the period to be appropriated9905 | €48k |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €77k | |
| Fixed assets21/28 | €16k | |
| Tangible fixed assets22/27 | €16k | |
| Plant, machinery and equipment23 | €4k | |
| Furniture and vehicles24 | €12k | |
| Current assets29/58 | €61k | |
| Amounts receivable within one year40/41 | €29k | |
| Trade receivables40 | €4k | |
| Other amounts receivable41 | €24k | |
| Cash at bank and in hand54/58 | €33k | |
| Deferred charges and accrued income490/1 | €62 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €77k | |
| Equity10/15 | €54k | |
| Contributions10/11 | €6k | |
| Profit (loss) carried forward14 | €48k | |
| Amounts payable17/49 | €24k | |
| Amounts payable within one year42/48 | €24k | |
| Trade debts44 | €15k | |
| Suppliers440/4 | €15k | |
| Taxes, remuneration and social security45 | €8k | |
| Taxes450/3 | €3k | |
| Remuneration and social security454/9 | €6k | |
| Other amounts payable47/48 | €0 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €48k |
| + Depreciation and write-downs630 | €3k |
| Operating cash flow (approximation) | €50k |
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
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Asse · 2 establishment units since 2024
Ground area
1.4 ha
Building footprint
1,027 m²
Volume, LiDAR
37,832 m³
2 parcels, Brussels, Flanders · tallest building 47.1 m, ±15 floors. Linked by address, not a title deed.
2 establishment units
ASA-THERM
since 20242.362.775.191
ASA-THERM
since 20262.384.188.041
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21006A0098/00Y003 | Brussels | 1.4 ha | 1 · 925 m² | 47.1 m · 15 fl. |
| 23002F0260/00H000 | Flanders | 182 m² | 1 · 102 m² | 10.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JEREMY GOFFART
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GRUSSENS
BE 0541.793.993
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SOLUTIONS EXPERT
BE 0763.313.685
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HAUBRECHTS
BE 0460.090.794
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SP Construct
BE 0686.712.191
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 2,982 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
Founded20-08-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43211General electrical installation work
43310Plastering work
43422Screed work
Scores and ratios are computed by Checked and are not a credit decision.