ASBO
ActiveSummary
ASBO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€314,099) and a net result of €97,750. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+21
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.16 against 2.96 in 2024; short-term debt: 45.3% and cash: 55.9% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-39.4%
Return on assets
12.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 5046 sector peers (2025).
NBB · sector comparisonPosition among 5046 sector peers
Solvency
better than 5%
← weakest
strongest →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
31 d early
2023
8 d early
2022
21 d early
2021
26 d early
2020
23 d early
2019
21 d early
← 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 20 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 10 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€97,750▲ 67.3%
2024 · €58,417
Working capital
€417,259▼ 25.9%
2024 · €563,187
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€155,350▼ 17.3%€163,470▲ 5.2%€147,766▼ 9.6%€112,607▼ 23.8%€134,677▲ 19.6%
Net result€136,678within the sector's middle half▼ 17.9%€137,777within the sector's middle half▲ 0.8%€90,046within the sector's middle half▼ 34.6%€58,417within the sector's middle half▼ 35.1%€97,750within the sector's middle half▲ 67.3%
Equity-€698,090below the sector's middle half▲ 16.4%-€560,313below the sector's middle half▲ 19.7%-€470,267below the sector's middle half▲ 16.1%-€411,850below the sector's middle half▲ 12.4%-€314,099below the sector's middle half▲ 23.7%
Total assets€929,471within the sector's middle half▲ 24.0%€919,802within the sector's middle half▼ 1.0%€1.1mwithin the sector's middle half▲ 16.1%€875,704within the sector's middle half▼ 18.0%€796,394below the sector's middle half▼ 9.1%
Debt€1.6m▲ 2.7%€1.5m▼ 9.1%€1.5m▲ 3.9%€1.3m▼ 16.3%€1.1m▼ 13.8%
Working capital€207,902within the sector's middle half▲ 220%€252,027within the sector's middle half▲ 21.2%€598,421within the sector's middle half▲ 137%€563,187within the sector's middle half▼ 5.9%€417,259within the sector's middle half▼ 25.9%
Solvency-75.1%below the sector's middle half▲ 36.3pp-60.9%below the sector's middle half▲ 14.2pp-44.1%below the sector's middle half▲ 16.9pp-47.0%below the sector's middle half▼ 3.0pp-39.4%below the sector's middle half▲ 7.6pp
Current ratio1.31within the sector's middle half▲ 0.201.40within the sector's middle half▲ 0.092.37within the sector's middle half▲ 0.972.96within the sector's middle half▲ 0.592.16within the sector's middle half▼ 0.80
Return on assets (ROA)14.7%above the sector's middle half▼ 7.5pp15.0%above the sector's middle half▲ 0.3pp8.4%within the sector's middle half▼ 6.5pp6.7%within the sector's middle half▼ 1.8pp12.3%above the sector's middle half▲ 5.6pp
Staff (FTE)18.7above the sector's middle half▲ 12.0%20.1above the sector's middle half▲ 7.5%17above the sector's middle half▼ 15.4%16above the sector's middle half▼ 5.9%17.4within the sector's middle half▲ 8.8%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €796,394
Fixed assets
€18,642 ▼ 25.3%
Current assets
€777,752 ▼ 8.6%
Key figures and ratios
EBITDA
€140,998▲
2024 · €118,956
Cash flow
€104,072▲
2024 · €64,766
Debt to equity
-3.54▼
2024 · -3.13
Interest coverage
3.82▲
2024 · 2.20
Debt ≤ 1 year
€360,493▲
2024 · €287,554
Debt > 1 year
€750,000▼
2024 · €1.0m
Staff costs
€1.2m▲
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 317 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 92% are still going.
- Small
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
4.1%
stopped otherwise
92%
still going
A further 2.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 317 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1.1m | €1.2m | €1.2m | €1.1m | €1.2m | ▲ 9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,348 | €6,348 | €6,348 | €6,348 | €6,321 | ▼ 0.4% |
| Other operating charges640/8 | €5,033 | €3,905 | €3,388 | €3,515 | €3,700 | ▲ 5.3% |
| Gross operating margin9900 | €1.3m | €1.4m | €1.3m | €1.3m | €1.4m | ▲ 10.4% |
| Operating profit (loss)9901 | €155,350 | €163,470 | €147,766 | €112,607 | €134,677 | ▲ 19.6% |
| Financial charges65/66B | €18,672 | €25,693 | €57,720 | €54,190 | €36,926 | ▼ 31.9% |
| Recurring financial charges65 | €18,672 | €25,693 | €57,720 | €54,190 | €36,926 | ▼ 31.9% |
| Profit (loss) for the period before taxes9903 | €136,678 | €137,777 | €90,046 | €58,417 | €97,750 | ▲ 67.3% |
| Profit (loss) for the period9904 | €136,678 | €137,777 | €90,046 | €58,417 | €97,750 | ▲ 67.3% |
| Profit (loss) for the period to be appropriated9905 | €136,678 | €137,777 | €90,046 | €58,417 | €97,750 | ▲ 67.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €929,471 | €919,802 | €1.1m | €875,704 | €796,394 | ▼ 9.1% |
| Fixed assets21/28 | €44,009 | €37,660 | €31,312 | €24,963 | €18,642 | ▼ 25.3% |
| Tangible fixed assets22/27 | €44,009 | €37,660 | €31,312 | €24,963 | €18,642 | ▼ 25.3% |
| Land and buildings22 | €44,009 | €37,660 | €31,312 | €24,963 | €18,642 | ▼ 25.3% |
| Current assets29/58 | €885,462 | €882,142 | €1.0m | €850,741 | €777,752 | ▼ 8.6% |
| Amounts receivable within one year40/41 | €827,423 | €766,221 | €835,913 | €533,251 | €332,222 | ▼ 37.7% |
| Trade receivables40 | €827,423 | €766,221 | €835,913 | €533,251 | €332,222 | ▼ 37.7% |
| Cash at bank and in hand54/58 | €58,040 | €115,921 | €200,261 | €317,489 | €445,530 | ▲ 40.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €929,471 | €919,802 | €1.1m | €875,704 | €796,394 | ▼ 9.1% |
| Equity10/15 | -€698,090 | -€560,313 | -€470,267 | -€411,850 | -€314,099 | ▲ 23.7% |
| Contributions10/11 | €546,000 | €546,000 | €546,000 | €546,000 | €546,000 | = |
| Capital10 | €546,000 | €546,000 | €546,000 | €546,000 | €546,000 | = |
| Issued capital100 | €546,000 | €546,000 | €546,000 | €546,000 | €546,000 | = |
| Reserves13 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Non-distributable reserves130/1 | €54,600 | €54,600 | €54,600 | €54,600 | €54,600 | = |
| Legal reserve130 | €54,600 | €54,600 | €54,600 | €54,600 | €54,600 | = |
| Distributable reserves133 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Profit (loss) carried forward14 | -€2.6m | -€2.5m | -€2.4m | -€2.3m | -€2.2m | ▲ 4.2% |
| Amounts payable17/49 | €1.6m | €1.5m | €1.5m | €1.3m | €1.1m | ▼ 13.8% |
| Amounts payable after more than one year17 | €950,000 | €850,000 | €1.1m | €1.0m | €750,000 | ▼ 25.0% |
| Financial debts170/4 | €950,000 | €850,000 | €1.1m | €1.0m | €750,000 | ▼ 25.0% |
| Amounts payable within one year42/48 | €677,561 | €630,115 | €437,753 | €287,554 | €360,493 | ▲ 25.4% |
| Current portion of amounts payable after more than one year42 | €250,000 | €250,000 | - | - | - | - |
| Trade debts44 | €171,692 | €157,085 | €205,321 | €70,250 | €110,905 | ▲ 57.9% |
| Suppliers440/4 | €171,692 | €157,085 | €205,321 | €70,250 | €110,905 | ▲ 57.9% |
| Taxes, remuneration and social security45 | €255,869 | €223,030 | €232,432 | €217,303 | €249,589 | ▲ 14.9% |
| Taxes450/3 | €101,634 | €104,232 | €93,420 | €97,544 | €65,810 | ▼ 32.5% |
| Remuneration and social security454/9 | €154,235 | €118,799 | €139,012 | €119,760 | €183,778 | ▲ 53.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €136,678 | €137,777 | €90,046 | €58,417 | €97,750 | ▲ 67.3% |
| + Depreciation and write-downs630 | €6,348 | €6,348 | €6,348 | €6,348 | €6,321 | ▼ 0.4% |
| Operating cash flow (approximation) | €143,027 | €144,126 | €96,394 | €64,766 | €104,072 | ▲ 60.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €57,881 | €84,340 | €117,228 | €128,041 | ▲ 9.2% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €58,417 ▼35.1%
Net result drops to €58,417, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €171,737 ▲37.3%
Operating result €196,294, net result €171,737, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 56 days late
2017
05-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 36 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Antwerpen · 1 establishment unit since 1996
Ground area
4.0 ha
Building footprint
6,331 m²
Volume, LiDAR
37,724 m³
Parcel 11809I2927/00C000, Flanders · tallest building 16.4 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
D'Herbouvillekaai 80, 2020 Antwerpen
since 19962.077.971.909
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2927/00C000 | Flanders | 4.0 ha | 1 · 6,331 m² | 16.4 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
1 ownerChain of control
- IKO NV
- ASBO
Highest known parent: IKO NV. The sources do not say who stands above it.
Owners 1
- IKO NVparentSourceaccounts IKO NV 202599.95%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
2022 · 1 entry · 682 EUR awarded · 682 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 682 EUR | 682 EUR |
Schemes
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Of 1,805 companies in sector 46831 we hold annual accounts for 1,399. 746 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-06-1996
Fiscal year end31-12
Activities, NACEBEL 2025
22220Manufacture of rubber and plastic products
46831Wholesale of construction materials, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458131889
Also
9925:BE0458131889
Registered
21-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.