ASAB
ActiveSummary
The computed 12-month bankruptcy probability of ASAB is 2.8% (moderate). The 2025 annual accounts show equity of €4,639 and a net result of €137. Equity is shrinking by ~72.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 26% of 28051 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+61
Solvency50▲+9
Growth32=
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Three 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
23 d early
2024
14 d early
2023
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€4,639▲ 3.0%
2024 · €4,502
Total assets
€18,868▼ 31.7%
2024 · €27,624
Net result
€137
2024 · -€6,829
Working capital
€2,948
2024 · -€1,653
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€10,422--€6,241€730
Net result€7,330--€6,829€137
Equity€11,330-€4,502▼ 60.3%€4,639▲ 3.0%
Total assets€39,993-€27,624▼ 30.9%€18,868▼ 31.7%
Debt€28,662-€23,122▼ 19.3%€14,229▼ 38.5%
Working capital-€212--€1,653▼ 680%€2,948
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €730 after a loss of €6,241 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17,654
Fixed assets
€4,134 ▼ 56.1%
Current assets
€13,521 ▼ 18.0%
Equity and liabilities €18,868
Equity
€4,639 ▲ 3.0%
Debt
€14,229 ▼ 38.5%
Debt's share of the balance-sheet total falls from 83.7% to 75.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7,400▲
2024 · €428
Cash flow
€6,808▲
2024 · -€160
Current ratio
1.28▲
2024 · 0.91
Quick ratio
0.95▲
2024 · 0.91
Debt to equity
3.07▼
2024 · 5.14
ROE
3.0%▲
2024 · -151.7%
ROA
0.7%▲
2024 · -24.7%
Interest coverage
17.99▲
2024 · 1.07
Debt ≤ 1 year
€10,573▼
2024 · €18,144
Debt > 1 year
€3,651▼
2024 · €4,978
Income taxes
€181▼
2024 · €195
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,463 | €6,669 | €6,670 | = |
| Other operating charges640/8 | €906 | €1,056 | €1,097 | ▲ 3.9% |
| Gross operating margin9900 | €14,791 | €1,484 | €8,497 | ▲ 473% |
| Operating profit (loss)9901 | €10,422 | -€6,241 | €730 | ▲ 112% |
| Financial income75/76B | - | €7 | €0 | ▼ 98.8% |
| Recurring financial income75 | - | €7 | €0 | ▼ 98.8% |
| Financial charges65/66B | €163 | €399 | €411 | ▲ 3.0% |
| Recurring financial charges65 | €163 | €399 | €411 | ▲ 3.0% |
| Profit (loss) for the period before taxes9903 | €10,259 | -€6,633 | €319 | ▲ 105% |
| Income taxes67/77 | €2,928 | €195 | €181 | ▼ 7.1% |
| Profit (loss) for the period9904 | €7,330 | -€6,829 | €137 | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €7,330 | -€6,829 | €137 | ▲ 102% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €39,993 | €27,624 | €18,868 | ▼ 31.7% |
| Formation expenses20 | €2,232 | €1,723 | €1,214 | ▼ 29.5% |
| Fixed assets21/28 | €15,570 | €9,410 | €4,134 | ▼ 56.1% |
| Tangible fixed assets22/27 | €15,570 | €9,410 | €4,134 | ▼ 56.1% |
| Plant, machinery and equipment23 | €1,093 | €849 | €605 | ▼ 28.7% |
| Furniture and vehicles24 | €14,477 | €8,561 | €3,529 | ▼ 58.8% |
| Current assets29/58 | €22,191 | €16,491 | €13,521 | ▼ 18.0% |
| Stocks and contracts in progress3 | - | - | €3,528 | - |
| Contracts in progress37 | - | - | €3,528 | - |
| Amounts receivable within one year40/41 | €803 | €5,455 | €473 | ▼ 91.3% |
| Trade receivables40 | - | €4,946 | - | - |
| Other amounts receivable41 | €803 | €509 | €473 | ▼ 7.0% |
| Cash at bank and in hand54/58 | €8,077 | €293 | €1,851 | ▲ 532% |
| Deferred charges and accrued income490/1 | €13,311 | €10,744 | €7,669 | ▼ 28.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €39,993 | €27,624 | €18,868 | ▼ 31.7% |
| Equity10/15 | €11,330 | €4,502 | €4,639 | ▲ 3.0% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | €7,330 | €7,330 | €7,330 | = |
| Distributable reserves133 | €7,330 | €7,330 | €7,330 | = |
| Profit (loss) carried forward14 | - | -€6,829 | -€6,692 | ▲ 2.0% |
| Amounts payable17/49 | €28,662 | €23,122 | €14,229 | ▼ 38.5% |
| Amounts payable after more than one year17 | €6,259 | €4,978 | €3,651 | ▼ 26.7% |
| Financial debts170/4 | €6,259 | €4,978 | €3,651 | ▼ 26.7% |
| Amounts payable within one year42/48 | €22,403 | €18,144 | €10,573 | ▼ 41.7% |
| Current portion of amounts payable after more than one year42 | €1,238 | €1,282 | €1,327 | ▲ 3.6% |
| Trade debts44 | €1,355 | €1,804 | €1,941 | ▲ 7.6% |
| Suppliers440/4 | €1,355 | €1,804 | €1,941 | ▲ 7.6% |
| Taxes, remuneration and social security45 | €3,928 | €6,411 | €1,881 | ▼ 70.7% |
| Taxes450/3 | €3,928 | €4,661 | €1,881 | ▼ 59.6% |
| Remuneration and social security454/9 | - | €1,750 | - | - |
| Other amounts payable47/48 | €15,882 | €8,648 | €5,424 | ▼ 37.3% |
| Accrued charges and deferred income492/3 | - | - | €6 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,330 | -€6,829 | €137 | ▲ 102% |
| + Depreciation and write-downs630 | €3,463 | €6,669 | €6,670 | = |
| Operating cash flow (approximation) | €10,793 | -€160 | €6,808 | ▲ 4,364% |
| Investment in fixed assets (approximation) | - | -€509 | -€1,395 | ▼ 174% |
| Change in cash | - | -€7,785 | €1,559 | ▲ 120% |
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
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €137
Net result €137 after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€6,829
Net result drops to -€6,829, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2023
Ground area
573 m²
Building footprint
186 m²
Volume, LiDAR
659 m³
Parcel 11382A0466/00L002, Flanders · tallest building 4.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ASAB
since 20232.345.119.411
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11382A0466/00L002 | Flanders | 573 m² | 1 · 186 m² | 4.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,867 companies in sector 43341 we hold annual accounts for 2,664. 1,091 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
Founded15-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
25110Manufacture of metal structures and parts of structures
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43120Site preparation
43350Other building finishing work
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.