ASCOFIMO
ActiveSummary
ASCOFIMO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €233k and a net result of €111k. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 27% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▲+36
Solvency34▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.4 in 2023; short-term debt: 20.4% and cash: 0.4% of total assets), and 91.3% of the assets are financed with debt.
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Signals
Six 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
50 d late
2022
28 d late
2021
74 d late
2020
73 d late
2019
152 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€111k
2023 · €-36k
Working capital
€-110k▲ 84.8%
2023 · €-724k
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
Line20202021202220232024
Operating result€49k▲ 364%€144k▲ 195%€32k▼ 78.0%€33k▲ 3.2%€200k▲ 510%
Net result€44k▲ 388%€74k▲ 69.2%€-26k€-36k▼ 37.3%€111k
Equity€112k▲ 62.7%€185k▲ 65.6%€158k▼ 14.2%€122k▼ 22.7%€233k▲ 90.4%
Total assets€3.01M▲ 277%€3.01M▲ 0.1%€2.94M▼ 2.5%€2.82M▼ 4.0%€2.67M▼ 5.2%
Debt€2.90M▲ 297%€2.83M▼ 2.4%€2.78M▼ 1.7%€2.70M▼ 2.9%€2.44M▼ 9.5%
Working capital€-52k€-223k▼ 332%€-477k▼ 114%€-724k▼ 51.7%€-110k▲ 84.8%
Staff (FTE)6.6▼ 8.3%6.6=6.6=6.6=6.6=
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 510% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.67M
Fixed assets
€2.24M ▼ 3.9%
Current assets
€437k ▼ 11.1%
Equity and liabilities €2.67M
Equity
€233k ▲ 90.4%
Debt
€2.44M ▼ 9.5%
Debt's share of the balance-sheet total falls from 95.7% to 91.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€294k▲
2023 · €129k
Cash flow
€204k▲
2023 · €60k
Current ratio
0.80▲
2023 · 0.40
Debt to equity
10.47▼
2023 · 22.03
ROE
47.5%▲
2023 · -29.4%
ROA
4.1%▲
2023 · -1.3%
Interest coverage
4.95▲
2023 · 1.45
Debt ≤ 1 year
€547k▼
2023 · €1.22M
Debt > 1 year
€1.84M▲
2023 · €1.44M
Income taxes
€46k▲
2023 · €415
Staff costs
€358k▼
2023 · €386k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €294k | €334k | €386k | €358k | ▼ 7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €94k | €84k | €81k | €96k | €94k | ▼ 2.6% |
| Other operating charges640/8 | - | €10k | €8k | €14k | €7k | ▼ 48.3% |
| Non-recurring operating charges66A | - | €2k | €15k | €0 | - | - |
| Gross operating margin9900 | €467k | €534k | €469k | €529k | €659k | ▲ 24.7% |
| Operating profit (loss)9901 | €49k | €144k | €32k | €33k | €200k | ▲ 510% |
| Financial income75/76B | - | €15k | €15k | €21k | €16k | ▼ 22.4% |
| Recurring financial income75 | €68k | €15k | €15k | €21k | €16k | ▼ 22.4% |
| Financial charges65/66B | - | €54k | €67k | €89k | €59k | ▼ 33.4% |
| Recurring financial charges65 | €47k | €54k | €67k | €89k | €59k | ▼ 33.4% |
| Profit (loss) for the period before taxes9903 | €69k | €106k | €-20k | €-36k | €157k | ▲ 542% |
| Income taxes67/77 | €26k | €32k | €6k | €415 | €46k | ▲ 11,073% |
| Profit (loss) for the period9904 | €44k | €74k | €-26k | €-36k | €111k | ▲ 408% |
| Profit (loss) for the period to be appropriated9905 | €44k | €74k | €-26k | €-36k | €111k | ▲ 408% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.01M | €3.01M | €2.94M | €2.82M | €2.67M | ▼ 5.2% |
| Fixed assets21/28 | €2.49M | €2.45M | €2.43M | €2.33M | €2.24M | ▼ 3.9% |
| Intangible fixed assets21 | €554k | €492k | €442k | €379k | €316k | ▼ 16.7% |
| Tangible fixed assets22/27 | €187k | €210k | €233k | €200k | €172k | ▼ 14.1% |
| Land and buildings22 | - | €88k | €82k | €73k | €67k | ▼ 8.0% |
| Plant, machinery and equipment23 | - | - | €2k | €2k | €1k | ▼ 27.3% |
| Furniture and vehicles24 | - | €51k | €83k | €64k | €46k | ▼ 28.1% |
| Other tangible fixed assets26 | - | €70k | €66k | €62k | €58k | ▼ 6.7% |
| Financial fixed assets28 | €1.75M | €1.75M | €1.75M | €1.75M | €1.75M | = |
| Current assets29/58 | €518k | €560k | €513k | €492k | €437k | ▼ 11.1% |
| Amounts receivable after more than one year29 | - | - | - | - | €200k | - |
| Other amounts receivable291 | - | - | - | - | €200k | - |
| Amounts receivable within one year40/41 | €383k | €349k | €380k | €404k | €181k | ▼ 55.3% |
| Trade receivables40 | - | €66k | €75k | €79k | €66k | ▼ 16.8% |
| Other amounts receivable41 | - | €283k | €305k | €325k | €115k | ▼ 64.7% |
| Current investments50/53 | €2k | €2k | €2k | €2k | €2k | = |
| Cash at bank and in hand54/58 | €51k | €120k | €56k | €1k | €12k | ▲ 798% |
| Deferred charges and accrued income490/1 | - | €88k | €75k | €85k | €43k | ▼ 49.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.01M | €3.01M | €2.94M | €2.82M | €2.67M | ▼ 5.2% |
| Equity10/15 | €112k | €185k | €158k | €122k | €233k | ▲ 90.4% |
| Contributions10/11 | €375k | €375k | €375k | €375k | €375k | = |
| Capital10 | - | €375k | €375k | €375k | €375k | = |
| Issued capital100 | - | €375k | €375k | €375k | €375k | = |
| Revaluation surpluses12 | - | €0 | - | - | - | - |
| Reserves13 | €22k | €22k | €22k | €22k | €22k | = |
| Non-distributable reserves130/1 | - | €22k | €22k | €22k | €22k | = |
| Legal reserve130 | - | €22k | €22k | €22k | €22k | = |
| Profit (loss) carried forward14 | €-286k | €-212k | €-238k | €-274k | €-163k | ▲ 40.4% |
| Amounts payable17/49 | €2.90M | €2.83M | €2.78M | €2.70M | €2.44M | ▼ 9.5% |
| Amounts payable after more than one year17 | €2.32M | €2.02M | €1.75M | €1.44M | €1.84M | ▲ 27.6% |
| Financial debts170/4 | - | €2.02M | €1.75M | €1.44M | €1.16M | ▼ 19.6% |
| Other amounts payable178/9 | - | €0 | - | - | €680k | - |
| Amounts payable within one year42/48 | €570k | €783k | €990k | €1.22M | €547k | ▼ 55.0% |
| Current portion of amounts payable after more than one year42 | - | €335k | €345k | €310k | €282k | ▼ 9.0% |
| Financial debts43 | - | €17k | €25k | €17k | €21k | ▲ 23.8% |
| Credit institutions430/8 | - | €17k | €25k | €17k | €21k | ▲ 23.8% |
| Trade debts44 | €3k | €227k | €42k | €278k | €5k | ▼ 98.1% |
| Suppliers440/4 | - | €227k | €42k | €278k | €5k | ▼ 98.1% |
| Advances received on contracts in progress46 | - | €122k | €142k | €170k | €113k | ▼ 33.7% |
| Taxes, remuneration and social security45 | - | €83k | €109k | €77k | €92k | ▲ 19.2% |
| Taxes450/3 | - | €49k | €56k | €16k | €30k | ▲ 83.0% |
| Remuneration and social security454/9 | - | €34k | €53k | €61k | €62k | ▲ 2.0% |
| Other amounts payable47/48 | - | €0 | €327k | €362k | €33k | ▼ 90.9% |
| Accrued charges and deferred income492/3 | - | €20k | €39k | €43k | €57k | ▲ 33.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44k | €74k | €-26k | €-36k | €111k | ▲ 408% |
| + Depreciation and write-downs630 | €94k | €84k | €81k | €96k | €94k | ▼ 2.6% |
| Operating cash flow (approximation) | €137k | €158k | €55k | €60k | €204k | ▲ 240% |
| Investment in fixed assets (approximation) | - | €-45k | €-54k | €0 | €-2k | - |
| Change in cash | - | €69k | €-64k | €-55k | €10k | ▲ 119% |
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
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €111k
Net result €111k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €233k ▲90.4%
Equity rises from €122k to €233k.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 50 days late
2023
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 74 days late
2021
31-12
Financial
Equity above €150kEq €185k ▲65.6%
4 profitable years in a row build equity to €185k.
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 73 days late
2020
31-12
Financial
Equity above €100kEq €112k ▲62.7%
3 profitable years in a row build equity to €112k.
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 152 days late
2019
12-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 104 days late
Show earlier events
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 63 days late
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Binche · 3 establishment units since 1997
Ground area
1,743 m²
Building footprint
215 m²
Volume, LiDAR
1,950 m³
3 parcels, Wallonia · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
Route de Charleroi(EP) 48, 7134 Binche
since 19972.084.562.563
ASCOFIMO
since 20262.391.565.187
ASCOFIMO
since 20262.390.205.209
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56020A0007/00X002 | Wallonia | 1,020 m² | 1 · 63 m² | - |
| 56043C0229/00C002 | Wallonia | 616 m² | 1 · 71 m² | 11.7 m · 3 fl. |
| 56011C0114/00T005 | Wallonia | 107 m² | 1 · 81 m² | 17.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 5,112 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-12-1997
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.