Summary
ASCOT DEVELOPMENT 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 €706,919 and a net result of €90,013. Equity is growing by ~37.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 2445 sector peers (fiscal year 2025). The company has been active since 2022 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
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2445 sector peers (2025).
NBB · sector comparisonPosition among 2445 sector peers
Solvency
better than 24%
← 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 16-07-2026, 15 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
15 d early
2024
21 d late
2023
16 d early
2022
55 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 16 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
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
Equity
€706,919▲ 3.5%
2024 · €683,220
Net result
€90,013▼ 62.7%
2024 · €241,557
Total assets
€2.3m▲ 39.6%
2024 · €1.7m
Solvency
30.5%▼ 10.7pp
2024 · 41.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line2022202320242025
Operating result€132,825-€519,158▲ 291%€352,336▼ 32.1%€140,727▼ 60.1%
Net result€92,018within the sector's middle half-€367,810above the sector's middle half▲ 300%€241,557above the sector's middle half▼ 34.3%€90,013within the sector's middle half▼ 62.7%
Equity€165,818below the sector's middle half-€441,663within the sector's middle half▲ 166%€683,220within the sector's middle half▲ 54.7%€706,919below the sector's middle half▲ 3.5%
Total assets€993,147within the sector's middle half-€1.3mwithin the sector's middle half▲ 35.3%€1.7mwithin the sector's middle half▲ 23.5%€2.3mbelow the sector's middle half▲ 39.6%
Debt€827,329-€901,574▲ 9.0%€975,055▲ 8.2%€1.6m▲ 64.9%
Working capital€164,700within the sector's middle half-€272,586within the sector's middle half▲ 65.5%€397,813above the sector's middle half▲ 45.9%€368,929within the sector's middle half▼ 7.3%
Solvency16.7%below the sector's middle half-32.9%within the sector's middle half▲ 16.2pp41.2%within the sector's middle half▲ 8.3pp30.5%below the sector's middle half▼ 10.7pp
Current ratio1.20within the sector's middle half-1.30within the sector's middle half▲ 0.101.42within the sector's middle half▲ 0.121.23within the sector's middle half▼ 0.19
Return on assets (ROA)9.3%within the sector's middle half-27.4%above the sector's middle half▲ 18.1pp14.6%above the sector's middle half▼ 12.8pp3.9%within the sector's middle half▼ 10.7pp
Staff (FTE)1.1within the sector's middle half0within the sector's middle half▼ 100%0.9below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -63% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€370,026 ▲ 17.4%
Current assets
€1.9m ▲ 44.8%
Equity and liabilities €2.3m
Equity
€706,919 ▲ 3.5%
Debt
€1.6m ▲ 64.9%
Debt's share of the balance-sheet total rises from 58.8% to 69.5%. Equity and debt are higher.
Key figures and ratios
ROE
12.7%▼
2024 · 35.4%
Debt ≤ 1 year
€1.6m▲
2024 · €945,240
Income taxes
€31,198▼
2024 · €81,894
Staff costs
€72,939▲
2024 · €2,247
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €69,622 | €2,247 | €72,939 | ▲ 3,146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58 | €13,621 | €27,420 | €38,494 | ▲ 40.4% |
| Other operating charges640/8 | €355 | €1,340 | €1,108 | €1,183 | ▲ 6.7% |
| Non-recurring operating charges66A | - | €6,142 | €0 | - | - |
| Gross operating margin9900 | €133,238 | €609,882 | €383,111 | €253,343 | ▼ 33.9% |
| Operating profit (loss)9901 | €132,825 | €519,158 | €352,336 | €140,727 | ▼ 60.1% |
| Financial income75/76B | €456 | €951 | €0 | €15,924 | - |
| Recurring financial income75 | €456 | €951 | €0 | €15,924 | - |
| Financial charges65/66B | €5,864 | €24,547 | €28,885 | €35,439 | ▲ 22.7% |
| Recurring financial charges65 | €5,864 | €24,547 | €28,885 | €35,439 | ▲ 22.7% |
| Profit (loss) for the period before taxes9903 | €127,418 | €495,562 | €323,451 | €121,211 | ▼ 62.5% |
| Income taxes67/77 | €35,400 | €127,752 | €81,894 | €31,198 | ▼ 61.9% |
| Profit (loss) for the period9904 | €92,018 | €367,810 | €241,557 | €90,013 | ▼ 62.7% |
| Profit (loss) for the period to be appropriated9905 | €92,018 | €367,810 | €241,557 | €90,013 | ▼ 62.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €993,147 | €1.3m | €1.7m | €2.3m | ▲ 39.6% |
| Fixed assets21/28 | €2,105 | €169,126 | €315,221 | €370,026 | ▲ 17.4% |
| Intangible fixed assets21 | €2,105 | €14,188 | €42,365 | €45,550 | ▲ 7.5% |
| Tangible fixed assets22/27 | - | €64,939 | €49,818 | €42,352 | ▼ 15.0% |
| Furniture and vehicles24 | - | €64,939 | €49,818 | €42,352 | ▼ 15.0% |
| Financial fixed assets28 | - | €90,000 | €223,038 | €282,124 | ▲ 26.5% |
| Current assets29/58 | €991,042 | €1.2m | €1.3m | €1.9m | ▲ 44.8% |
| Amounts receivable within one year40/41 | €979,590 | €1.1m | €1.2m | €1.8m | ▲ 53.6% |
| Trade receivables40 | €969,293 | €928,196 | €1.1m | €803,922 | ▼ 25.4% |
| Other amounts receivable41 | €10,296 | €156,975 | €96,726 | €998,638 | ▲ 932% |
| Cash at bank and in hand54/58 | €8,059 | €85,801 | €169,236 | €79,871 | ▼ 52.8% |
| Deferred charges and accrued income490/1 | €3,393 | €3,138 | €0 | €61,924 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €993,147 | €1.3m | €1.7m | €2.3m | ▲ 39.6% |
| Equity10/15 | €165,818 | €441,663 | €683,220 | €706,919 | ▲ 3.5% |
| Contributions10/11 | €73,800 | €73,800 | €73,800 | €73,800 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Outside capital11 | €12,300 | €12,300 | €12,300 | €12,300 | = |
| Other1109/19 | €12,300 | €12,300 | €12,300 | €12,300 | = |
| Reserves13 | €6,150 | €6,150 | €609,420 | €633,119 | ▲ 3.9% |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | - | - | €603,270 | €626,969 | ▲ 3.9% |
| Profit (loss) carried forward14 | €85,868 | €361,713 | €0 | €0 | - |
| Amounts payable17/49 | €827,329 | €901,574 | €975,055 | €1.6m | ▲ 64.9% |
| Amounts payable within one year42/48 | €826,342 | €901,524 | €945,240 | €1.6m | ▲ 66.7% |
| Financial debts43 | - | - | - | €44,060 | - |
| Credit institutions430/8 | - | - | - | €44,060 | - |
| Trade debts44 | €321,269 | €443,420 | €265,543 | €319,478 | ▲ 20.3% |
| Suppliers440/4 | €321,269 | €443,420 | €265,543 | €319,478 | ▲ 20.3% |
| Taxes, remuneration and social security45 | €99,254 | €38,152 | €7,026 | €13,632 | ▲ 94.0% |
| Taxes450/3 | €99,254 | €38,152 | €7,026 | €5,970 | ▼ 15.0% |
| Remuneration and social security454/9 | - | - | - | €7,662 | - |
| Other amounts payable47/48 | €405,818 | €419,952 | €672,670 | €1.2m | ▲ 78.1% |
| Accrued charges and deferred income492/3 | €988 | €50 | €29,815 | €32,036 | ▲ 7.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92,018 | €367,810 | €241,557 | €90,013 | ▼ 62.7% |
| + Depreciation and write-downs630 | €58 | €13,621 | €27,420 | €38,494 | ▲ 40.4% |
| Operating cash flow (approximation) | €92,076 | €381,431 | €268,977 | €128,508 | ▼ 52.2% |
| Investment in fixed assets (approximation) | - | -€180,642 | -€173,515 | -€93,299 | ▲ 46.2% |
| Change in cash | - | €77,742 | €83,435 | -€89,365 | ▼ 207% |
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
State Gazette act
Incorporation · Founder
Director in office · Permanent representative
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €90,013 ▼62.7%
Net result drops to €90,013, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
31-12
Financial
Equity above €500,000Eq €683,220 ▲54.7%
3 profitable years in a row build equity to €683,220.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2022net €367,810 ▲300%
Operating result €519,158, net result €367,810, both a record.
31-12
Financial
Equity above €200,000Eq €441,663 ▲166%
2 profitable years in a row build equity to €441,663.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneState Gazette actNBB 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, Maldegem · 1 establishment unit since 2022
Ground area
2.3 ha
Building footprint
7,350 m²
Volume, LiDAR
49,033 m³
Parcel 43001B0421/00X003, Flanders · tallest building 13.6 m, ±2 floors. Linked by address, not a title deed.
38
companies at this address
See who is registered here
1 establishment unit
Oude Weg 39, 9991 Maldegem
since 20222.330.682.049
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001B0421/00X003 | Flanders | 2.3 ha | 1 · 7,350 m² | 13.6 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
2 owners · 2 holdingsChain of control
- Viconco
- ASCOT DEVELOPMENT
Highest known parent: Viconco. The sources do not say who stands above it.
Owners 2
- Viconcoparent80%
-
20%
Holdings 2
- Ascot Development PolandPLsubsidiarySourceown accounts 2025100%
-
50%
According to the 2025 annual accounts of ASCOT DEVELOPMENT 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
2023 to 2025 · 2 entries · 1,430 EUR awarded · 50 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,380 EUR | 0 EUR |
| 2023 | 1 | 50 EUR | 50 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,324 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
Founded02-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0785632296
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.