ASCRE
ActiveSummary
ASCRE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,773 and a net result of €13,448. Equity is shrinking by ~38.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+20
Solvency34▲+9
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 17.05 against 0.98 in 2024; short-term debt: 1.1% and cash: 4.5% of total assets), but 90.9% of the assets are financed with debt.
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Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.1%
Return on assets
8.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
25 d late
2023
22 d late
2022
31 d late
2021
31 d late
2020
11 d early
2019
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 25 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 (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 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€13,448
2024 · -€10,888
Working capital
€26,790
2024 · -€222
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
Line20212022202320242025
Operating result-€16,155▲ 46.2%€3,222€4,267▲ 32.4%-€10,708€13,389
Net result-€21,695▲ 39.3%-€1,963▲ 91.0%-€1,860▲ 5.2%-€10,888▼ 485%€13,448
Equity€15,036▼ 59.1%€13,073▼ 13.1%€11,213▼ 14.2%€325▼ 97.1%€13,773▲ 4,140%
Total assets€182,133▼ 6.1%€158,193▼ 13.1%€142,120▼ 10.2%€158,433▲ 11.5%€151,987▼ 4.1%
Debt€167,097▲ 6.3%€145,119▼ 13.2%€130,907▼ 9.8%€158,108▲ 20.8%€138,214▼ 12.6%
Working capital€17,839▲ 2,185%€29,554▲ 65.7%€36,750▲ 24.3%-€222€26,790
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13,389 after a loss of €10,708 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €151,987
Fixed assets
€123,529 ▼ 15.6%
Current assets
€28,459 ▲ 137%
Equity and liabilities €151,987
Equity
€13,773 ▲ 4,140%
Debt
€138,214 ▼ 12.6%
Debt's share of the balance-sheet total falls from 99.8% to 90.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36,299▲
2024 · €10,846
Cash flow
€36,358▲
2024 · €10,665
Current ratio
17.05▲
2024 · 0.98
Debt to equity
10.03
ROE
97.6%
ROA
8.8%▲
2024 · -6.9%
Interest coverage
669.72▲
2024 · 258.78
Debt ≤ 1 year
€1,669▼
2024 · €12,217
Debt > 1 year
€135,154▼
2024 · €145,891
Income taxes
€72▼
2024 · €308
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 931 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.9%
went bankrupt
4.6%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 931 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,597 | €28,497 | €19,155 | €21,553 | €22,909 | ▲ 6.3% |
| Other operating charges640/8 | €6,932 | €7,195 | €7,872 | €8,240 | €8,746 | ▲ 6.1% |
| Gross operating margin9900 | €38,373 | €38,914 | €31,294 | €19,086 | €45,044 | ▲ 136% |
| Operating profit (loss)9901 | -€16,155 | €3,222 | €4,267 | -€10,708 | €13,389 | ▲ 225% |
| Financial income75/76B | - | - | €147 | €169 | €185 | ▲ 9.2% |
| Recurring financial income75 | - | - | €147 | €169 | €185 | ▲ 9.2% |
| Financial charges65/66B | €5,257 | €4,933 | €5,976 | €42 | €54 | ▲ 29.3% |
| Recurring financial charges65 | €5,257 | €4,933 | €5,976 | €42 | €54 | ▲ 29.3% |
| Profit (loss) for the period before taxes9903 | -€21,412 | -€1,710 | -€1,563 | -€10,581 | €13,520 | ▲ 228% |
| Income taxes67/77 | €283 | €252 | €297 | €308 | €72 | ▼ 76.7% |
| Profit (loss) for the period9904 | -€21,695 | -€1,963 | -€1,860 | -€10,888 | €13,448 | ▲ 224% |
| Profit (loss) for the period to be appropriated9905 | -€21,695 | -€1,963 | -€1,860 | -€10,888 | €13,448 | ▲ 224% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182,133 | €158,193 | €142,120 | €158,433 | €151,987 | ▼ 4.1% |
| Fixed assets21/28 | €152,678 | €124,181 | €105,027 | €146,438 | €123,529 | ▼ 15.6% |
| Tangible fixed assets22/27 | €152,678 | €124,181 | €105,027 | €146,438 | €123,529 | ▼ 15.6% |
| Land and buildings22 | €144,378 | €124,181 | €105,027 | €146,438 | €123,529 | ▼ 15.6% |
| Furniture and vehicles24 | €8,300 | - | - | - | - | - |
| Current assets29/58 | €29,455 | €34,011 | €37,093 | €11,995 | €28,459 | ▲ 137% |
| Amounts receivable within one year40/41 | €2,837 | €5,445 | €1,219 | €1,400 | €1,500 | ▲ 7.1% |
| Trade receivables40 | €2,837 | €5,445 | €1,219 | €1,400 | €1,500 | ▲ 7.1% |
| Current investments50/53 | €10,509 | €16,509 | €32,611 | €3,730 | €18,906 | ▲ 407% |
| Cash at bank and in hand54/58 | €2,208 | €11,003 | €2,164 | €2,654 | €6,902 | ▲ 160% |
| Deferred charges and accrued income490/1 | €13,901 | €1,054 | €1,099 | €4,212 | €1,151 | ▼ 72.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182,133 | €158,193 | €142,120 | €158,433 | €151,987 | ▼ 4.1% |
| Equity10/15 | €15,036 | €13,073 | €11,213 | €325 | €13,773 | ▲ 4,140% |
| Contributions10/11 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Reserves13 | €2,450 | €2,450 | €2,450 | €2,450 | €2,450 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | €450 | €450 | €450 | €450 | €450 | = |
| Profit (loss) carried forward14 | €4,586 | €2,623 | €763 | -€10,125 | €3,323 | ▲ 133% |
| Amounts payable17/49 | €167,097 | €145,119 | €130,907 | €158,108 | €138,214 | ▼ 12.6% |
| Amounts payable after more than one year17 | €154,116 | €139,271 | €130,564 | €145,891 | €135,154 | ▼ 7.4% |
| Financial debts170/4 | €1,057 | - | - | - | - | - |
| Other amounts payable178/9 | €153,059 | €139,271 | €130,564 | €145,891 | €135,154 | ▼ 7.4% |
| Amounts payable within one year42/48 | €11,616 | €4,457 | €343 | €12,217 | €1,669 | ▼ 86.3% |
| Current portion of amounts payable after more than one year42 | €9,943 | €1,057 | - | - | - | - |
| Trade debts44 | €1,473 | €3,190 | €43 | €11,917 | €1,369 | ▼ 88.5% |
| Suppliers440/4 | €1,473 | €3,190 | €43 | €11,917 | €1,369 | ▼ 88.5% |
| Taxes, remuneration and social security45 | €200 | €210 | €300 | €300 | €300 | = |
| Taxes450/3 | €200 | €210 | €300 | €300 | €300 | = |
| Accrued charges and deferred income492/3 | €1,365 | €1,391 | - | - | €1,391 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,695 | -€1,963 | -€1,860 | -€10,888 | €13,448 | ▲ 224% |
| + Depreciation and write-downs630 | €47,597 | €28,497 | €19,155 | €21,553 | €22,909 | ▲ 6.3% |
| Operating cash flow (approximation) | €25,901 | €26,534 | €17,294 | €10,665 | €36,358 | ▲ 241% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€62,965 | €0 | ▲ 100% |
| Change in cash | - | €8,795 | -€8,839 | €490 | €4,248 | ▲ 767% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €13,448
Net result €13,448 after 7 loss-making years.
31-12
Financial
Liquidity times 17current ratio 17.05
Current ratio from 0.98 to 17.05; short-term debt falls from €12,217 to €1,669.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 25 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Liquidity times 14current ratio 108.00
Current ratio from 7.63 to 108.00; short-term debt falls from €4,457 to €343.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 7.63
Current ratio from 2.54 to 7.63; short-term debt falls from €11,616 to €4,457.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 2.54
Current ratio from 1.04 to 2.54; short-term debt falls from €17,552 to €11,616.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
Show earlier events
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 42 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, Eupen · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Auf'm Bach 154700 Eupen1 establishment unit
Auf'm Bach 15, 4700 Eupen
since 19922.059.368.396
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded07-10-1992
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448388735
Also
9925:BE0448388735
Registered
20-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.