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Ascubel

Active
Public limited companyfounded 197154 yrs activePittemstraat 93, 8760 Tielt, BelgiumKBO/BCE: BE 0411.906.045
Summary

Ascubel has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139,864 and a net result of €177. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 47% of 9042 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
AscubelActiveChecked score 86/100
Risk analysis ReportCompare

Overview

Activity
Other construction installation
NACE 43240NACE 43299NACE 45340
#3 oldest company in Tielt, Construction sector1 site
Size
€335,717total assets 2025
Staff
2.6 FTE
Equity
€139,864
Profit
€177
Turnover not published (abridged schema)
Financial health
86 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Parent
Greenworld · 99.68%
Accounts 36 d early0 of 5 deeds read
Why 86- Sector Specialised construction activities (NACE 43)+ Founded in 1971+ Liquidity: current ratio 1.61, cash €41,274+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Better than 34% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 67+2
equity 41.7% of total assets
Liquidity 35-8
short-term debt 58.3% · cash 12.3%
Profitability 69+27
return on assets 0.1%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,046 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%▲ +1.6% vs 11-2024 01-2025: 0.3%▲ +101% vs 12-2024 02-2025: 0.3%● 0.0% vs 01-2025 03-2025: 0.3%● 0.0% vs 02-2025 04-2025: 0.3%● 0.0% vs 03-2025 05-2025: 0.3%● 0.0% vs 04-2025 06-2025: 0.3%● 0.0% vs 05-2025 07-2025: 0.3%● 0.0% vs 06-2025 08-2025: 0.3%● 0.0% vs 07-2025 09-2025: 0.3%● 0.0% vs 08-2025 10-2025: 0.3%▲ +3.9% vs 09-2025 11-2025: 0.3%▲ +0.8% vs 10-2025highest value 12-2025: 0.3%▼ -1.1% vs 11-2025 01-2026: 0.2%▼ -18.9% vs 12-2025 02-2026: 0.2%● 0.0% vs 01-2026 03-2026: 0.2%● 0.0% vs 02-2026 04-2026: 0.2%● 0.0% vs 03-2026 05-2026: 0.2%▼ -7.9% vs 04-2026 06-2026: 0.2%● 0.0% vs 05-2026 07-2026: 0.2%● 0.0% vs 06-2026 08-2026: 0.2%● 0.0% vs 07-2026 09-2026: 0.2%● 0.0% vs 08-2026 10-2026: 0.2%▲ +7.1% vs 09-2026
  • Sector Specialised construction activities (NACE 43) raises the probability
  • Founded in 1971 lowers the probability for this profile
  • Liquidity: current ratio 1.61, cash €41,274 lowers the probability
  • Legal form Public limited company lowers the probability
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.48 in 2024; short-term debt: 58.3% and cash: 12.3% of total assets), but 58.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 45%, liquidity 23%, profitability 35%, growth against the median 35%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Founded in 1971
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Liquidity: current ratio 1.61, cash €41,274
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-12-2025, 36 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
36 d early
2024
32 d early
2023
42 d early
2022
40 d early
2021
42 d early
2020
6 d early
2019
3 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 28 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 22 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close03-10-2026 today31-01-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Back to profitnet €177
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Oldest company in Tielt, Construction sectorin the Checked rankings #3 View
  • Controlled by Greenworld 99.68% View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Active since 1971founded 15-12-1971 54 years View

By topic

Financials

Fiscal year
2025
Total assets
€335,717
Profit
€177
Solvency
41.7%
Total assets▼ 3.4%
Net result
20192025
Go to Financials

Timeline

Events
14
Since
2016
Next accounts
by 31-01-2027
  1. 26-12-2025Annual accounts filed
  2. 30-06-2025Back to profit
  3. 30-12-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other construction installationNACE 43240
Founded
15-12-1971
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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