Skip to content

ASC & PROJECTS

Active
Private limited companyfounded 20224 yrs activeDoornstraat 16, 2270 Herenthout, BelgiumKBO/BCE: BE 0781.731.611
Summary

The computed 12-month bankruptcy probability of ASC & PROJECTS is 2.5% (moderate). The 2024 annual accounts show equity of €99,811 and a net result of €47,505. Equity is growing by ~86.5% per year across the filed fiscal years. Its solvency ranks better than 80% of 7461 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency96▼-2
Growth78=
Track record94
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.77 against 1.66 in 2023; short-term debt: 29.4% and cash: 4.8% of total assets), and 29.4% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk
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 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2026, 396 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
396 d late
2023
99 d late
2022
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 155 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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

ASC & PROJECTS was incorporated on 8 February 2022 as a Private limited company.1 Total assets rose from EUR 23,099 in 2022 to EUR 141,415 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, abbreviated schema

Equity
€99,811▲ 90.8%
2023 · €52,306
Total assets
€141,415▲ 96.6%
2023 · €71,943
Net result
€47,505▲ 10.4%
2023 · €43,031
Working capital
€73,613▲ 468%
2023 · €12,955
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line202220232024
Operating result€5,327-€55,997▲ 951%€61,721▲ 10.2%
Net result€4,275within the sector's middle half-€43,031above the sector's middle half▲ 907%€47,505within the sector's middle half▲ 10.4%
Equity€9,275below the sector's middle half-€52,306within the sector's middle half▲ 464%€99,811below the sector's middle half▲ 90.8%
Total assets€23,099below the sector's middle half-€71,943within the sector's middle half▲ 211%€141,415below the sector's middle half▲ 96.6%
Debt€13,823-€19,637▲ 42.1%€41,604▲ 112%
Working capital-€3,527below the sector's middle half-€12,955within the sector's middle half€73,613within the sector's middle half▲ 468%
Solvency40.2%within the sector's middle half-72.7%above the sector's middle half▲ 32.5pp70.6%above the sector's middle half▼ 2.1pp
Current ratio0.74below the sector's middle half-1.66within the sector's middle half▲ 0.912.77within the sector's middle half▲ 1.11
Return on assets (ROA)18.5%above the sector's middle half-59.8%above the sector's middle half▲ 41.3pp33.6%above the sector's middle half▼ 26.2pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2022: €5,327€5,327Net result 2022: €4,275€4,275Operating result 2023: €55,997€55,997Net result 2023: €43,031€43,031Operating result 2024: €61,721€61,721Net result 2024: €47,505€47,505202220232024€0€20,000€40,000€60,000Operating result 2022: €5,327€5,330Net result 2022: €4,275€4,280Operating result 2023: €55,997€56,000Net result 2023: €43,031€43,000Operating result 2024: €61,721€61,700Net result 2024: €47,505€47,500202220232024
The operating result has risen two years in a row; 2024 is 10% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €141,415
Fixed assets €26,198 ▼ 33.4%
Current assets €115,217 ▲ 254%
Equity and liabilities €141,415
Equity €99,811 ▲ 90.8%
Debt €41,604 ▲ 112%
Debt's share of the balance-sheet total rises from 27.3% to 29.4%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€71,661▲
2023 · €63,754
Cash flow
€57,445▲
2023 · €50,787
Debt to equity
0.42▲
2023 · 0.38
ROE
47.6%▼
2023 · 82.3%
Interest coverage
239.67▼
2023 · 444.74
Debt ≤ 1 year
€41,604▲
2023 · €19,637
Income taxes
€13,936▲
2023 · €12,846
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% 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 497,662 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% 1.7%
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 39,276 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 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€71,943€141,415▲
Fixed assets21/28€39,351€26,198▼
Tangible fixed assets22/27€39,351€26,198▼
Plant, machinery and equipment23€5,531€4,363▼
Furniture and vehicles24€33,820€21,835▼
Current assets29/58€32,593€115,217▲
Amounts receivable within one year40/41€30,728€107,856▲
Trade receivables40€27,136€105,592▲
Other amounts receivable41€3,592€2,264▼
Cash at bank and in hand54/58€1,206€6,814▲
Deferred charges and accrued income490/1€658€547▼
Equity and liabilities
Total equity and liabilities10/49€71,943€141,415▲
Equity10/15€52,306€99,811▲
Contributions10/11€5,000€5,000=
Outside capital11-€5,000
Other1109/19-€5,000
Profit (loss) carried forward14€47,306€94,811▲
Amounts payable17/49€19,637€41,604▲
Amounts payable within one year42/48€19,637€41,604▲
Trade debts44€3,204€11,335▲
Suppliers440/4€3,204€11,335▲
Taxes, remuneration and social security45€16,333€30,269▲
Taxes450/3€16,333€30,269▲
Other amounts payable47/48€100-
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,756€9,940▲
Other operating charges640/8€3,171€5,064▲
Gross operating margin9900€66,925€76,725▲
Operating profit (loss)9901€55,997€61,721▲
Financial income75/76B€23€19▼
Recurring financial income75€23€19▼
Financial charges65/66B€143€299▲
Recurring financial charges65€143€299▲
Profit (loss) for the period before taxes9903€55,877€61,441▲
Income taxes67/77€12,846€13,936▲
Profit (loss) for the period9904€43,031€47,505▲
Profit (loss) for the period to be appropriated9905€43,031€47,505▲
Appropriation of the result
Profit (loss) to be appropriated9906€47,306€94,811▲
Profit (loss) brought forward from the previous period14P€4,275€47,306▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,712€7,756€9,940▲ 28.2%
Other operating charges640/8€523€3,171€5,064▲ 59.7%
Gross operating margin9900€7,562€66,925€76,725▲ 14.6%
Operating profit (loss)9901€5,327€55,997€61,721▲ 10.2%
Financial income75/76B-€23€19▼ 17.6%
Recurring financial income75-€23€19▼ 17.6%
Financial charges65/66B€124€143€299▲ 109%
Recurring financial charges65€124€143€299▲ 109%
Profit (loss) for the period before taxes9903€5,203€55,877€61,441▲ 10.0%
Income taxes67/77€927€12,846€13,936▲ 8.5%
Profit (loss) for the period9904€4,275€43,031€47,505▲ 10.4%
Profit (loss) for the period to be appropriated9905€4,275€43,031€47,505▲ 10.4%
Line202220232024Change
Assets
Total assets20/58€23,099€71,943€141,415▲ 96.6%
Fixed assets21/28€12,802€39,351€26,198▼ 33.4%
Tangible fixed assets22/27€12,802€39,351€26,198▼ 33.4%
Plant, machinery and equipment23€1,746€5,531€4,363▼ 21.1%
Furniture and vehicles24€11,057€33,820€21,835▼ 35.4%
Current assets29/58€10,296€32,593€115,217▲ 254%
Amounts receivable within one year40/41-€30,728€107,856▲ 251%
Trade receivables40-€27,136€105,592▲ 289%
Other amounts receivable41-€3,592€2,264▼ 37.0%
Cash at bank and in hand54/58€10,296€1,206€6,814▲ 465%
Deferred charges and accrued income490/1-€658€547▼ 16.9%
Equity and liabilities
Total equity and liabilities10/49€23,099€71,943€141,415▲ 96.6%
Equity10/15€9,275€52,306€99,811▲ 90.8%
Contributions10/11€5,000€5,000€5,000=
Outside capital11--€5,000-
Other1109/19--€5,000-
Profit (loss) carried forward14€4,275€47,306€94,811▲ 100%
Amounts payable17/49€13,823€19,637€41,604▲ 112%
Amounts payable within one year42/48€13,823€19,637€41,604▲ 112%
Trade debts44€5,796€3,204€11,335▲ 254%
Suppliers440/4€5,796€3,204€11,335▲ 254%
Taxes, remuneration and social security45€7,907€16,333€30,269▲ 85.3%
Taxes450/3€1,380€16,333€30,269▲ 85.3%
Remuneration and social security454/9€6,527---
Other amounts payable47/48€120€100--
Line202220232024Change
Profit (loss) for the period9904€4,275€43,031€47,505▲ 10.4%
+ Depreciation and write-downs630€1,712€7,756€9,940▲ 28.2%
Operating cash flow (approximation)€5,988€50,787€57,445▲ 13.1%
Investment in fixed assets (approximation)--€34,305€3,213▲ 109%
Change in cash--€9,090€5,608▲ 162%

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

Download as CSV

Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 396 days late
2024
31-12
Financial Highest result since 2022net €47,505 ▲10.4%
Operating result €61,721, net result €47,505, both a record.
07-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 99 days late
2023
31-12
Financial Liquidity doublescurrent ratio 1.66
Current ratio from 0.74 to 1.66.
30-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Herenthout · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1,080 m²
Building footprint
155 m²
Volume, LiDAR
632 m³
Parcel 13012C0165/00Y000, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
ASC & PROJECTS
Doornstraat 16, 2270 HerenthoutGeneral construction of buildings
since 20222.327.685.838
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13012C0165/00Y000 Flanders 1,080 m² 1 · 155 m² 5.8 m · 1 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.

Similar companies · same sector, comparable size

Of 7,300 companies in sector 43350 we hold annual accounts for 2,362. 1,978 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
Founded08-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0781731611
Also 9925:BE0781731611
Registered 15-01-2026

Register as of 28 September 2026 · Peppol Directory

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