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ASADI

Active
Private limited companyfounded 20215 yrs activeOdiel Defraeyestraat 27, 8800 Roeselare, BelgiumKBO/BCE: BE 0761.900.257
Summary

The computed 12-month bankruptcy probability of ASADI is 3.5% (moderate). The 2024 annual accounts show equity of €10,436 and a net result of €204. Its solvency ranks better than 23% of 6719 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2021
Profitability35▲+35
Solvency36▲+4
Growth78
Track record94
Bankruptcy probability, 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.99 against 0.46 in 2021; short-term debt: 88.7% and cash: 12.3% of total assets), and 89% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
11%
Return on assets
0.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 6719 sector peers (2024).
NBB · sector comparison
Position among 6719 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
40 d late
2021
131 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 86 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

ASADI was incorporated on 21 January 2021 as a Private limited company.1 Total assets rose from EUR 23,943 in 2021 to EUR 94,993 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€57,684
EBIT margin
-22.8%
Net result
€204
2021 · -€13,375
Working capital
-€1,155▲ 90.3%
2021 · -€11,957
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.

Available amounts per fiscal year
Line20212024
Turnover€57,684-
Operating result-€13,153-€2,319-
Net result-€13,375below the sector's middle half-€204within the sector's middle half-
EBIT margin-22.8%-
Equity€1,625below the sector's middle half-€10,436within the sector's middle half-
Total assets€23,943below the sector's middle half-€94,993within the sector's middle half-
Debt€22,318-€84,557-
Working capital-€11,957--€1,155-
Solvency6.8%below the sector's middle half-11.0%below the sector's middle half-
above within below the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2021: -€13,153-€13,153Net result 2021: -€13,375-€13,375Operating result 2024: €2,319€2,319Net result 2024: €204€20420212024-€15,000-€10,000-€5,000€0Operating result 2021: -€13,153-€13,200Net result 2021: -€13,375-€13,400Operating result 2024: €2,319€2,320Net result 2024: €204€20420212024
The operating result is €2,319 in 2024, compared with -€13,153 in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2021 as the grey bar beneath
Assets €94,993
Fixed assets €11,853 ▼ 12.7%
Current assets €83,140 ▲ 702%
Equity and liabilities €94,993
Equity €10,436 ▲ 542%
Debt €84,557 ▲ 279%
Debt's share of the balance-sheet total falls from 93.2% to 89.0%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2021
EBITDA
€4,029▲
2021 · -€11,736
Cash flow
€1,914▲
2021 · -€11,957
Current ratio
0.99▲
2021 · 0.46
Quick ratio
0.86▲
2021 · 0.46
Debt to equity
8.10▼
2021 · 13.74
ROE
2.0%▲
2021 · -823.1%
ROA
0.2%▲
2021 · -55.9%
Interest coverage
1.90▲
2021 · -52.95
Debt ≤ 1 year
€84,295▲
2021 · €22,318
Staff costs
€37,401▲
2021 · €25,568
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,270 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
2.1% went bankrupt
2.5% stopped otherwise
95% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,270 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2021 · 44 lines
Balance sheet Code20212024
Assets
Total assets20/58€23,943€94,993▲
Fixed assets21/28€13,582€11,853▼
Intangible fixed assets21€13,582€9,082▼
Tangible fixed assets22/27-€2,771
Plant, machinery and equipment23-€2,771
Current assets29/58€10,361€83,140▲
Stocks and contracts in progress3-€10,800
Stocks30/36-€10,800
Amounts receivable within one year40/41€247€60,608▲
Trade receivables40-€55,091
Other amounts receivable41€247€5,518▲
Cash at bank and in hand54/58€10,114€11,731▲
Equity and liabilities
Total equity and liabilities10/49€23,943€94,993▲
Equity10/15€1,625€10,436▲
Contributions10/11€15,000€15,000=
Outside capital11€15,000-
Share premium1100/10€15,000-
Profit (loss) carried forward14-€13,375-€4,564▲
Amounts payable17/49€22,318€84,557▲
Amounts payable within one year42/48€22,318€84,295▲
Trade debts44€13,281€30,728▲
Suppliers440/4€13,281€30,728▲
Advances received on contracts in progress46-€33,965
Taxes, remuneration and social security45€9,037€11,532▲
Taxes450/3€357€3,271▲
Remuneration and social security454/9€8,680€8,261▼
Other amounts payable47/48-€8,070
Accrued charges and deferred income492/3-€262
Income statement Code20212024
Turnover70€57,684-
Goods, raw materials, services and sundry goods60/61€43,017-
Remuneration, social security and pensions62€25,568€37,401▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,418€1,710▲
Other operating charges640/8€835€344▼
Gross operating margin9900€14,668€41,774▲
Operating profit (loss)9901-€13,153€2,319▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€222€2,115▲
Recurring financial charges65€222€2,115▲
Profit (loss) for the period before taxes9903-€13,375€204▲
Profit (loss) for the period9904-€13,375€204▲
Profit (loss) for the period to be appropriated9905-€13,375€204▲
Appropriation of the result
Profit (loss) to be appropriated9906-€13,375-€4,564▲
Profit (loss) brought forward from the previous period14P--€4,768

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212024Change
Turnover70€57,684--
Goods, raw materials, services and sundry goods60/61€43,017--
Remuneration, social security and pensions62€25,568€37,401-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,418€1,710-
Other operating charges640/8€835€344-
Gross operating margin9900€14,668€41,774-
Operating profit (loss)9901-€13,153€2,319-
Financial income75/76B-€0-
Recurring financial income75-€0-
Financial charges65/66B€222€2,115-
Recurring financial charges65€222€2,115-
Profit (loss) for the period before taxes9903-€13,375€204-
Profit (loss) for the period9904-€13,375€204-
Profit (loss) for the period to be appropriated9905-€13,375€204-
Line20212024Change
Assets
Total assets20/58€23,943€94,993-
Fixed assets21/28€13,582€11,853-
Intangible fixed assets21€13,582€9,082-
Tangible fixed assets22/27-€2,771-
Plant, machinery and equipment23-€2,771-
Current assets29/58€10,361€83,140-
Stocks and contracts in progress3-€10,800-
Stocks30/36-€10,800-
Amounts receivable within one year40/41€247€60,608-
Trade receivables40-€55,091-
Other amounts receivable41€247€5,518-
Cash at bank and in hand54/58€10,114€11,731-
Equity and liabilities
Total equity and liabilities10/49€23,943€94,993-
Equity10/15€1,625€10,436-
Contributions10/11€15,000€15,000-
Outside capital11€15,000--
Share premium1100/10€15,000--
Profit (loss) carried forward14-€13,375-€4,564-
Amounts payable17/49€22,318€84,557-
Amounts payable within one year42/48€22,318€84,295-
Trade debts44€13,281€30,728-
Suppliers440/4€13,281€30,728-
Advances received on contracts in progress46-€33,965-
Taxes, remuneration and social security45€9,037€11,532-
Taxes450/3€357€3,271-
Remuneration and social security454/9€8,680€8,261-
Other amounts payable47/48-€8,070-
Accrued charges and deferred income492/3-€262-
Line20212024Change
Profit (loss) for the period9904-€13,375€204-
+ Depreciation and write-downs630€1,418€1,710-
Operating cash flow (approximation)-€11,957€1,914-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
09-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
31-12
Financial Back to profitnet €204
Net result €204 after one loss-making year.
2022
09-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 131 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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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, Roeselare · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
164 m²
Building footprint
62 m²
Parcel 36302B2112/00K000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Asadi
Odiel Defraeyestraat 27, 8800 RoeselareOn-demand passenger transport by chauffeured vehicle
since 20252.372.133.416
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36302B2112/00K000 Flanders 164 m² 1 · 62 m² 0.1 m
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.

Similar companies · same sector, comparable size

Of 6,684 companies in sector 49330 we hold annual accounts for 2,297. 1,954 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
Founded21-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Reachable via Peppol
Peppol ID 0208:0761900257
Registered 27-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.