ASAF BELGIUM
ActiveSummary
The computed 12-month bankruptcy probability of ASAF BELGIUM is 6.7% (elevated). The 2024 annual accounts show negative equity (-€44,348) and a net result of -€35,559. Equity fluctuates too strongly from year to year to read a trend from it. The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 20-09-2017 Normal situation
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 6.7%
- Gross margin
- -€34,774
- Loss
- €35,559
- Equity
- -€44,348
- ▼ 405%
- Total assets
- €7,131
- ▼ 81.8%
- Negative equity on 31-12-2024
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 31-07-2025)No registered site in the KBOLoss of €35,559 (financial year 2024)lowers riskSize: total assets €7,131Show the evidence
Checked score
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 6% of them on solvency, 12% on liquidity, 6% on profitability and 2% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 6 accounts on average 2 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2024 -€44,348 View
Recent changes
- · Gazette deed Transfer of 100 sharesResignation: ASAF UDDOULLAH SUMAN (director) · Appointment: AHMED NAEEM (director)
- · Gazette deed Amendment of the articles · Legal-form change · Resignations & appointments
- · Gazette deed Resignation: HOSSAIN Imran (director)Withdrawal: HOSSAIN Imran (partner)
Key facts about ASAF BELGIUM
- What is the company number of ASAF BELGIUM?
- The company number of ASAF BELGIUM is 0681.590.591. The VAT number is the same number with BE in front: BE 0681.590.591.
- Where is ASAF BELGIUM based?
- The registered office is at Neststraat 1, 1050 Elsene.Company details
- What is the legal form of ASAF BELGIUM?
- The legal form of ASAF BELGIUM is Private limited company (BV).
- When was ASAF BELGIUM founded?
- ASAF BELGIUM was founded on 20-09-2017.
- Is ASAF BELGIUM still active?
- Yes, ASAF BELGIUM is an active enterprise in the KBO register.
- How many employees does ASAF BELGIUM have?
- ASAF BELGIUM had an average of 1 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of ASAF BELGIUM?
- The annual accounts for financial year 2024 state no turnover. In financial year 2021 turnover was €142,666.
- Is ASAF BELGIUM profitable?
- In financial year 2024, ASAF BELGIUM made a loss of €35,559.
- Where can I find the annual accounts of ASAF BELGIUM?
- ASAF BELGIUM filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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