ASCOTECH
InactiveASCOTECH was declared bankrupt on 06-06-2025 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed for insufficient assets by judgment of 09-12-2025, published in the Belgian State Gazette on 12-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 15-07-2024, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
16 d early
2022
1 d late
2021
6 d early
2020
25 d late
2019
208 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 42 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, micro schema
Equity
-€8,396▼ 45.1%
2022 · -€5,785
Total assets
€26,972▲ 359%
2022 · €5,882
Net result
-€2,610
2022 · €26,045
Working capital
-€15,718▼ 172%
2022 · -€5,785
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
Line20192020202120222023
Operating result-€7,520▲ 57.5%-€6,308▲ 16.1%-€7,732▼ 22.6%€26,181-€2,464
Net result-€7,786▲ 63.8%-€6,308▲ 19.0%-€7,816▼ 23.9%€26,045-€2,610
Equity-€17,707▼ 78.5%-€24,015▼ 35.6%-€31,830▼ 32.5%-€5,785▲ 81.8%-€8,396▼ 45.1%
Total assets€12,334▲ 20.1%€4,486▼ 63.6%€1,405▼ 68.7%€5,882▲ 319%€26,972▲ 359%
Debt€30,041▲ 48.8%€28,501▼ 5.1%€33,234▲ 16.6%€11,668▼ 64.9%€35,368▲ 203%
Working capital-€22,304▼ 55.2%-€26,071▼ 16.9%-€31,830▼ 22.1%-€5,785▲ 81.8%-€15,718▼ 172%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €2,464 after €26,181 in 2022.
Balance-sheet composition
Assets €26,972
Fixed assets
€7,322
Current assets
€19,650
Key figures and ratios
EBITDA
-€1,386▼
2022 · €26,181
Cash flow
-€1,533▼
2022 · €26,045
Solvency
-31.1%▲
2022 · -98.4%
Current ratio
0.56▲
2022 · 0.50
Debt to equity
-4.21▼
2022 · -2.02
ROA
-9.7%▼
2022 · 442.8%
Interest coverage
-9.28▼
2022 · 192.18
Debt ≤ 1 year
€35,368▲
2022 · €11,668
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,541 | €2,541 | €2,056 | €0 | €1,078 | - |
| Other operating charges640/8 | - | - | €445 | €348 | €42 | ▼ 88.1% |
| Non-recurring operating charges66A | - | - | €125 | €3,762 | - | - |
| Gross operating margin9900 | -€1,192 | -€3,114 | -€5,106 | €30,290 | -€1,344 | ▼ 104% |
| Operating profit (loss)9901 | -€7,520 | -€6,308 | -€7,732 | €26,181 | -€2,464 | ▼ 109% |
| Financial income75/76B | - | - | - | - | €3 | - |
| Recurring financial income75 | €1 | - | - | - | €3 | - |
| Financial charges65/66B | - | - | €84 | €136 | €149 | ▲ 9.7% |
| Recurring financial charges65 | €267 | - | €84 | €136 | €149 | ▲ 9.7% |
| Profit (loss) for the period before taxes9903 | -€7,786 | -€6,308 | -€7,816 | €26,045 | -€2,610 | ▼ 110% |
| Profit (loss) for the period9904 | -€7,786 | -€6,308 | -€7,816 | €26,045 | -€2,610 | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | -€7,786 | -€6,308 | -€7,816 | €26,045 | -€2,610 | ▼ 110% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,334 | €4,486 | €1,405 | €5,882 | €26,972 | ▲ 359% |
| Fixed assets21/28 | €4,597 | €2,056 | €0 | €0 | €7,322 | - |
| Intangible fixed assets21 | - | - | - | - | €7,322 | - |
| Tangible fixed assets22/27 | €4,597 | €2,056 | €0 | €0 | - | - |
| Plant, machinery and equipment23 | - | - | €0 | €0 | - | - |
| Furniture and vehicles24 | - | - | €0 | €0 | - | - |
| Current assets29/58 | €7,737 | €2,430 | €1,405 | €5,882 | €19,650 | ▲ 234% |
| Amounts receivable within one year40/41 | €6,715 | €2,231 | €1,253 | €0 | €14,419 | - |
| Trade receivables40 | - | - | €1,000 | €0 | €14,387 | - |
| Other amounts receivable41 | - | - | €253 | €0 | €32 | - |
| Cash at bank and in hand54/58 | €524 | €125 | €151 | €5,882 | €5,231 | ▼ 11.1% |
| Deferred charges and accrued income490/1 | - | - | €0 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,334 | €4,486 | €1,405 | €5,882 | €26,972 | ▲ 359% |
| Equity10/15 | -€17,707 | -€24,015 | -€31,830 | -€5,785 | -€8,396 | ▼ 45.1% |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | €14,260 | ▲ 15.0% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€31,967 | -€38,275 | -€46,090 | -€20,045 | -€22,656 | ▼ 13.0% |
| Amounts payable17/49 | €30,041 | €28,501 | €33,234 | €11,668 | €35,368 | ▲ 203% |
| Amounts payable within one year42/48 | €30,041 | €28,501 | €33,234 | €11,668 | €35,368 | ▲ 203% |
| Financial debts43 | - | - | €6,800 | - | - | - |
| Other loans439 | - | - | €6,800 | - | - | - |
| Trade debts44 | €11,545 | €9,879 | €8,127 | €282 | €4,288 | ▲ 1,419% |
| Suppliers440/4 | - | - | €2,495 | €282 | €4,288 | ▲ 1,419% |
| Bills of exchange payable441 | - | - | €5,632 | €0 | - | - |
| Advances received on contracts in progress46 | - | - | - | - | €13,727 | - |
| Taxes, remuneration and social security45 | - | - | €0 | €0 | €6,693 | - |
| Taxes450/3 | - | - | €0 | €0 | €6,693 | - |
| Other amounts payable47/48 | - | - | €18,308 | €11,385 | €10,660 | ▼ 6.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,786 | -€6,308 | -€7,816 | €26,045 | -€2,610 | ▼ 110% |
| + Depreciation and write-downs630 | €2,541 | €2,541 | €2,056 | €0 | €1,078 | - |
| Operating cash flow (approximation) | -€5,245 | -€3,767 | -€5,760 | €26,045 | -€1,533 | ▼ 106% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€8,400 | - |
| Change in cash | - | -€399 | €26 | €5,731 | -€651 | ▼ 111% |
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
12-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Liège · event 09-12-2025
12-06
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 06-06-2025
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Back to profitnet €26,045
Net result €26,045 after 4 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
24-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 208 days late
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 141 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
2015
06-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 6 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MURIEL BILLEN CHAUSSEE DE LIEGE 14, 4500 HUY- |
06-06-2025 → 09-12-2025 |