ASAU
ActiveSummary
ASAU has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €617k and a net result of €187k. Equity is growing by ~62.7% per year across the filed fiscal years. Its solvency ranks better than 68% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▼-54
Solvency98▲+19
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 0.57 in 2024; short-term debt: 14.9% and cash: 0.8% of total assets), and 26.7% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 dateAge against the risk zone
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
73.3%
Return on assets
22.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 4 filingsDeviation from the deadline
2025
24 d late
2024
37 d early
2023
43 d early
2022
21 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€617k▲ 43.4%
2024 · €430k
2022: €13klowest in 4 years
2023: €218k▲ +1596% vs 2022
2024: €430k▲ +97.4% vs 2023
2025: €617k▲ +43.4% vs 2024highest in 4 years
2022 → 2025
Total assets
€842k▲ 6.2%
2024 · €793k
2022: €725klowest in 4 years
2023: €733k▲ +1.1% vs 2022
2024: €793k▲ +8.1% vs 2023
2025: €842k▲ +6.2% vs 2024highest in 4 years
2022 → 2025
Net result
€187k▼ 12.1%
2024 · €212k
2022: €8klowest in 4 years
2023: €205k▲ +2510% vs 2022
2024: €212k▲ +3.5% vs 2023highest in 4 years
2025: €187k▼ -12.1% vs 2024
2022 → 2025
Working capital
€13k
2024 · €-70k
2022: €-187klowest in 4 years
2023: €-132k▲ +29.5% vs 2022
2024: €-70k▲ +47.3% vs 2023
2025: €13k▲ +118% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€13k-€218k▲ 1,596%€430k▲ 97.4%€617k▲ 43.4%
2022: €13klowest in 4 years
2023: €218k▲ +1596% vs 2022
2024: €430k▲ +97.4% vs 2023
2025: €617k▲ +43.4% vs 2024highest in 4 years
Operating result€10k-€10k▼ 3.5%€19k▲ 103%€-7k
2022: €10k
2023: €10k▼ -3.5% vs 2022
2024: €19k▲ +103% vs 2023highest in 4 years
2025: €-7k▼ -136% vs 2024lowest in 4 years
Net result€8k-€205k▲ 2,510%€212k▲ 3.5%€187k▼ 12.1%
2022: €8klowest in 4 years
2023: €205k▲ +2510% vs 2022
2024: €212k▲ +3.5% vs 2023highest in 4 years
2025: €187k▼ -12.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €19k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €842k
Fixed assets
€705k ▲ 0.7%
Current assets
€138k ▲ 48.2%
Equity and liabilities €842k
Equity
€617k ▲ 43.4%
Debt
€225k ▼ 37.9%
Debt's share of the balance-sheet total falls from 45.7% to 26.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-6k
Cash flow
€187k
Current ratio
1.10▲
2024 · 0.57
Debt to equity
0.37▼
2024 · 0.84
ROE
30.2%▼
2024 · 49.3%
ROA
22.2%▼
2024 · 26.8%
Interest coverage
-1.97
Debt ≤ 1 year
€125k▼
2024 · €163k
Debt > 1 year
€100k▼
2024 · €200k
Income taxes
€3k▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€793k€842k▲
Fixed assets21/28€700k€705k▲
Tangible fixed assets22/27-€5k
Furniture and vehicles24-€5k
Financial fixed assets28€700k€700k=
Current assets29/58€93k€138k▲
Amounts receivable within one year40/41€29k€130k▲
Trade receivables40€23k€92k▲
Other amounts receivable41€6k€38k▲
Cash at bank and in hand54/58€63k€7k▼
Deferred charges and accrued income490/1€981€1k▲
Equity and liabilities
Total equity and liabilities10/49€793k€842k▲
Equity10/15€430k€617k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€425k€612k▲
Amounts payable17/49€363k€225k▼
Amounts payable after more than one year17€200k€100k▼
Other amounts payable178/9€200k€100k▼
Amounts payable within one year42/48€163k€125k▼
Trade debts44€2k€11k▲
Suppliers440/4€2k€11k▲
Taxes, remuneration and social security45€11k€14k▲
Taxes450/3€11k€14k▲
Other amounts payable47/48€150k€100k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€438
Other operating charges640/8€2k€8k▲
Gross operating margin9900€21k€1k▼
Operating profit (loss)9901€19k€-7k▼
Financial income75/76B€200k€200k=
Recurring financial income75€200k€200k=
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€218k€190k▼
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€212k€187k▼
Profit (loss) for the period to be appropriated9905€212k€187k▼
Appropriation of the result
Profit (loss) to be appropriated9906€425k€612k▲
Profit (loss) brought forward from the previous period14P€213k€425k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €438 | - |
| Other operating charges640/8 | €695 | €6k | €2k | €8k | ▲ 323% |
| Gross operating margin9900 | €11k | €16k | €21k | €1k | ▼ 93.2% |
| Operating profit (loss)9901 | €10k | €10k | €19k | €-7k | ▼ 136% |
| Financial income75/76B | - | €200k | €200k | €200k | = |
| Recurring financial income75 | - | €200k | €200k | €200k | = |
| Financial charges65/66B | €56 | €1k | €2k | €3k | ▲ 87.7% |
| Recurring financial charges65 | €56 | €1k | €2k | €3k | ▲ 87.7% |
| Profit (loss) for the period before taxes9903 | €10k | €208k | €218k | €190k | ▼ 12.8% |
| Income taxes67/77 | €2k | €3k | €5k | €3k | ▼ 39.8% |
| Profit (loss) for the period9904 | €8k | €205k | €212k | €187k | ▼ 12.1% |
| Profit (loss) for the period to be appropriated9905 | €8k | €205k | €212k | €187k | ▼ 12.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €725k | €733k | €793k | €842k | ▲ 6.2% |
| Fixed assets21/28 | €700k | €700k | €700k | €705k | ▲ 0.7% |
| Tangible fixed assets22/27 | - | - | - | €5k | - |
| Furniture and vehicles24 | - | - | - | €5k | - |
| Financial fixed assets28 | €700k | €700k | €700k | €700k | = |
| Current assets29/58 | €25k | €33k | €93k | €138k | ▲ 48.2% |
| Amounts receivable within one year40/41 | €12k | €13k | €29k | €130k | ▲ 355% |
| Trade receivables40 | €12k | €12k | €23k | €92k | ▲ 308% |
| Other amounts receivable41 | - | €500 | €6k | €38k | ▲ 527% |
| Cash at bank and in hand54/58 | €13k | €19k | €63k | €7k | ▼ 89.8% |
| Deferred charges and accrued income490/1 | - | €975 | €981 | €1k | ▲ 29.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €725k | €733k | €793k | €842k | ▲ 6.2% |
| Equity10/15 | €13k | €218k | €430k | €617k | ▲ 43.4% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €8k | €213k | €425k | €612k | ▲ 43.9% |
| Amounts payable17/49 | €712k | €515k | €363k | €225k | ▼ 37.9% |
| Amounts payable after more than one year17 | €500k | €350k | €200k | €100k | ▼ 50.0% |
| Other amounts payable178/9 | €500k | €350k | €200k | €100k | ▼ 50.0% |
| Amounts payable within one year42/48 | €212k | €165k | €163k | €125k | ▼ 22.9% |
| Trade debts44 | - | €303 | €2k | €11k | ▲ 484% |
| Suppliers440/4 | - | €303 | €2k | €11k | ▲ 484% |
| Taxes, remuneration and social security45 | €12k | €15k | €11k | €14k | ▲ 34.5% |
| Taxes450/3 | €8k | €15k | €11k | €14k | ▲ 34.5% |
| Remuneration and social security454/9 | €4k | - | - | - | - |
| Other amounts payable47/48 | €200k | €150k | €150k | €100k | ▼ 33.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €205k | €212k | €187k | ▼ 12.1% |
| + Depreciation and write-downs630 | - | - | - | €438 | - |
| Operating cash flow (approximation) | €8k | €205k | €212k | €187k | ▼ 11.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-5k | - |
| Change in cash | - | €7k | €44k | €-57k | ▼ 229% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Equity above €500kEq €617k ▲43.4%
4 profitable years in a row build equity to €617k.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €212k ▲3.5%
Operating result €19k, net result €212k, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €218k ▲1,596%
2 profitable years in a row build equity to €218k.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
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, Namur · 1 establishment unit since 2022
Ground area
313 m²
Building footprint
417 m²
Volume, LiDAR
2,195 m³
Parcel 92067A0609/00H000, Wallonia · tallest building 15.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ASAU
since 20222.330.316.914
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92067A0609/00H000 | Wallonia | 313 m² | 1 · 417 m² | 15.1 m · 2 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 5,710 companies in sector 70100 we hold annual accounts for 3,495. 2,121 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
Founded28-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.