Summary
ASB PROJECTS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €18.2m and a net result of €729,073. Equity is growing by ~33% per year across the filed fiscal years. Its solvency ranks better than 91% of 5565 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
148 d early
2023
5 d early
2022
5 d early
2021
2 d early
2020
10 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by equity in Poperinge, Finance and insurance sector#4 company by total assets in Poperinge, Finance and insurance sector
Equity
€18.2m▼ 10.9%
2024 · €20.4m
Net result
€729,073▼ 0.5%
2024 · €733,055
Total assets
€19.0m▼ 10.7%
2024 · €21.3m
Solvency
95.8%▼ 0.1pp
2024 · 95.9%
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
Line20212022202320242025
Operating result€175,106▲ 58.8%€364,590▲ 108%€3,663▼ 99.0%€104,264▲ 2,747%€102,832▼ 1.4%
Net result€1.1m▼ 34.3%€1.7m▲ 52.7%€12.1m▲ 609%€733,055▼ 93.9%€729,073▼ 0.5%
Equity€6.1m▲ 22.2%€7.7m▲ 25.8%€19.7m▲ 156%€20.4m▲ 3.3%€18.2m▼ 10.9%
Total assets€6.7m▲ 28.1%€8.9m▲ 33.2%€21.5m▲ 140%€21.3m▼ 1.1%€19.0m▼ 10.7%
Debt€570,988▲ 170%€1.2m▲ 107%€1.7m▲ 45.9%€828,198▼ 51.9%€765,354▼ 7.6%
Working capital€4.4m▲ 34.7%€6.3m▲ 44.3%€18.6m▲ 195%€17.1m▼ 8.0%€13.5m▼ 21.0%
Solvency91.4%▼ 4.4pp86.4%▼ 5.1pp91.8%▲ 5.5pp95.9%▲ 4.1pp95.8%▼ 0.1pp
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.0m
Fixed assets
€5.4m ▲ 33.4%
Current assets
€13.6m ▼ 21.0%
Equity and liabilities €19.0m
Equity
€18.2m ▼ 10.9%
Provisions
€35,669 ▼ 4.3%
Debt
€765,354 ▼ 7.6%
Debt's share of the balance-sheet total rises from 3.9% to 4.0%. Equity and debt are lower.
Key figures and ratios
ROE
4.0%▲
2024 · 3.6%
ROA
3.8%▲
2024 · 3.4%
Debt ≤ 1 year
€131,709▼
2024 · €166,486
Debt > 1 year
€564,554▼
2024 · €618,177
Income taxes
€292,329▼
2024 · €350,308
A ratio outside any meaningful range has been withheld (balance sheet total €19.0m, equity €18.2m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €147,227 | €2,190 | €20,043 | €4,640 | ▼ 76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,291 | €24,468 | €176,660 | €63,859 | €80,249 | ▲ 25.7% |
| Other operating charges640/8 | - | €3,566 | €4,787 | €11,474 | €10,913 | ▼ 4.9% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €225,483 | €392,625 | €185,110 | €179,597 | €193,994 | ▲ 8.0% |
| Operating profit (loss)9901 | €175,106 | €364,590 | €3,663 | €104,264 | €102,832 | ▼ 1.4% |
| Financial income75/76B | - | €1.7m | €12.7m | €1.1m | €1.1m | ▲ 1.4% |
| Recurring financial income75 | €1.2m | €1.7m | €12.7m | €1.1m | €1.1m | ▲ 1.4% |
| Financial charges65/66B | - | €30,084 | €54,356 | €85,972 | €161,300 | ▲ 87.6% |
| Recurring financial charges65 | €22,757 | €30,084 | €54,356 | €85,972 | €161,300 | ▲ 87.6% |
| Profit (loss) for the period before taxes9903 | €1.3m | €2.1m | €12.7m | €1.1m | €1.0m | ▼ 5.7% |
| Transfer from deferred taxes780 | - | €498 | €1,550 | €1,605 | €1,605 | = |
| Transfer to deferred taxes680 | - | €36,534 | €0 | - | - | - |
| Income taxes67/77 | €194,654 | €332,270 | €593,836 | €350,308 | €292,329 | ▼ 16.6% |
| Profit (loss) for the period9904 | €1.1m | €1.7m | €12.1m | €733,055 | €729,073 | ▼ 0.5% |
| Transfer from tax-exempt reserves789 | - | €1,493 | €4,650 | €4,814 | €4,814 | = |
| Transfer to tax-exempt reserves689 | - | €109,602 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €1.6m | €12.1m | €737,869 | €733,887 | ▼ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.7m | €8.9m | €21.5m | €21.3m | €19.0m | ▼ 10.7% |
| Fixed assets21/28 | €1.8m | €1.6m | €1.9m | €4.0m | €5.4m | ▲ 33.4% |
| Tangible fixed assets22/27 | €439,918 | €175,443 | €1.2m | €1.2m | €1.2m | ▲ 5.8% |
| Land and buildings22 | - | €143,259 | €1.2m | €1.2m | €1.2m | ▲ 7.2% |
| Plant, machinery and equipment23 | - | €1,620 | €810 | €0 | - | - |
| Furniture and vehicles24 | - | €30,565 | €21,981 | €24,201 | €9,227 | ▼ 61.9% |
| Financial fixed assets28 | €1.3m | €1.4m | €674,226 | €2.8m | €4.1m | ▲ 44.8% |
| Current assets29/58 | €4.9m | €7.4m | €19.6m | €17.2m | €13.6m | ▼ 21.0% |
| Amounts receivable after more than one year29 | - | €4.4m | €9.2m | €5.6m | €5.4m | ▼ 4.3% |
| Other amounts receivable291 | - | €4.4m | €9.2m | €5.6m | €5.4m | ▼ 4.3% |
| Amounts receivable within one year40/41 | €67,849 | €135,822 | €85,859 | €4.7m | €1.3m | ▼ 73.6% |
| Trade receivables40 | - | €110,568 | €85,292 | €80,978 | €93,953 | ▲ 16.0% |
| Other amounts receivable41 | - | €25,254 | €567 | €4.7m | €1.2m | ▼ 75.1% |
| Current investments50/53 | €1.5m | €1.9m | €1.9m | €5.7m | €6.2m | ▲ 9.1% |
| Cash at bank and in hand54/58 | €460,494 | €871,194 | €8.2m | €822,340 | €307,177 | ▼ 62.6% |
| Deferred charges and accrued income490/1 | - | €89,647 | €266,840 | €365,983 | €469,807 | ▲ 28.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.7m | €8.9m | €21.5m | €21.3m | €19.0m | ▼ 10.7% |
| Equity10/15 | €6.1m | €7.7m | €19.7m | €20.4m | €18.2m | ▼ 10.9% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €6.1m | €7.7m | €19.7m | €20.4m | €18.2m | ▼ 10.9% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €121,285 | €116,635 | €111,821 | €107,007 | ▼ 4.3% |
| Distributable reserves133 | - | €7.6m | €19.6m | €20.3m | €18.1m | ▼ 10.9% |
| Profit (loss) carried forward14 | €31,071 | €31,071 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €4,392 | €40,428 | €38,878 | €37,274 | €35,669 | ▼ 4.3% |
| Deferred taxes168 | - | €40,428 | €38,878 | €37,274 | €35,669 | ▼ 4.3% |
| Amounts payable17/49 | €570,988 | €1.2m | €1.7m | €828,198 | €765,354 | ▼ 7.6% |
| Amounts payable after more than one year17 | - | €129,948 | €671,138 | €618,177 | €564,554 | ▼ 8.7% |
| Financial debts170/4 | - | €129,948 | €671,138 | €618,177 | €564,554 | ▼ 8.7% |
| Amounts payable within one year42/48 | €567,988 | €1.1m | €1.0m | €166,486 | €131,709 | ▼ 20.9% |
| Current portion of amounts payable after more than one year42 | - | €13,899 | €52,307 | €52,961 | €53,623 | ▲ 1.3% |
| Financial debts43 | - | €860,000 | €500,478 | €0 | - | - |
| Credit institutions430/8 | - | €860,000 | €500,478 | €0 | - | - |
| Trade debts44 | €117 | €10,399 | €39,244 | €10,563 | €16,426 | ▲ 55.5% |
| Suppliers440/4 | - | €10,399 | €39,244 | €10,563 | €16,426 | ▲ 55.5% |
| Taxes, remuneration and social security45 | - | €165,000 | €418,141 | €69,546 | €17,492 | ▼ 74.8% |
| Taxes450/3 | - | €157,740 | €418,141 | €69,546 | €17,492 | ▼ 74.8% |
| Remuneration and social security454/9 | - | €7,260 | €0 | - | - | - |
| Other amounts payable47/48 | - | €900 | €37,720 | €33,416 | €44,169 | ▲ 32.2% |
| Accrued charges and deferred income492/3 | - | €46 | €2,750 | €43,536 | €69,091 | ▲ 58.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €1.7m | €12.1m | €733,055 | €729,073 | ▼ 0.5% |
| + Depreciation and write-downs630 | €43,291 | €24,468 | €176,660 | €63,859 | €80,249 | ▲ 25.7% |
| Operating cash flow (approximation) | €1.2m | €1.7m | €12.2m | €796,914 | €809,322 | ▲ 1.6% |
| Investment in fixed assets (approximation) | - | €164,257 | -€470,948 | -€2.2m | -€1.4m | ▲ 35.2% |
| Change in cash | - | €410,700 | €7.3m | -€7.3m | -€515,164 | ▲ 93.0% |
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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
03-04
State Gazette act
General meeting · Approval
Capital increase · Capital
31-03
Financial
Weakest financial yearnet €729,073 ▼0.5%
Net result drops to €729,073, the lowest in the series.
19-02
State Gazette act
General meeting · Approval
Capital increase · Share issue
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Liquidity times 6current ratio 103.60
Current ratio from 18.72 to 103.60; short-term debt falls from €1.0m to €166,486.
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2019net €12.1m ▲609%
Net result €12.1m, the highest in the series.
31-03
Financial
Liquidity triplescurrent ratio 18.72
Current ratio from 7.00 to 18.72; short-term debt falls from €1.1m to €1.0m.
31-03
Financial
Equity above €10mEq €19.7m ▲156%
5 profitable years in a row build equity to €19.7m.
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Show earlier events
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
31-03
Financial
Liquidity triplescurrent ratio 16.48
Current ratio from 5.27 to 16.48; short-term debt falls from €354,228 to €209,536.
31-03
Financial
Equity above €5mEq €5.0m ▲50.9%
2 profitable years in a row build equity to €5.0m.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Poperinge · 1 establishment unit since 2005
Ground area
1.2 ha
Building footprint
187 m²
Volume, LiDAR
1,143 m³
Parcel 33313K0968/00B000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FEYS PROJECTS
since 20052.149.845.246
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33313K0968/00B000 | Flanders | 1.2 ha | 1 · 187 m² | 9.9 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.
Structure & network
Owners and holdings
10 holdingsOwners 0
The accounts to 31-03-2025 list no shareholders, and no other source names one.
Holdings 10
-
99.6%
-
33.33%
- Patriveras 3 B.V.NLSourceown accounts 31-03-202525%
- VBO INVROSourceown accounts 31-03-202517.32%
- TEN FeederNLSourceown accounts 31-03-202516.67%
-
13.76%
-
10.43%
-
10%
-
10%
-
10%
According to the annual accounts to 31-03-2025 of ASB PROJECTS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 5,060 EUR awarded · 5,060 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,060 EUR | 5,060 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
875500AW29EU2GHFMS93
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 4,497 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
Founded12-10-2005
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0876624731
Also
9925:BE0876624731
Registered
15-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.