ASD
ActiveASD has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10k and a net result of €41k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 1303 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+70
Solvency32▲+22
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.69 against 2.19 in 2024; short-term debt: 37.2% and cash: 72.2% of total assets), but 93.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
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
6.6%
Return on assets
26.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 1303 sector peers (2025).
NBB · sector comparisonPosition among 1303 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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 · 8 filingsDeviation from the deadline
2025
46 d late
2024
25 d late
2023
30 d late
2022
70 d late
2021
75 d late
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k
2024 · €-31k
2018: €-5k
2019: €-48k
2020: €-175k
2021: €-209k
2022: €-234k
2023: €-25k
2024: €-31k
2018 → 2025
Total assets
€155k▼ 24.0%
2024 · €204k
2018: €549k
2019: €494k
2020: €382k
2021: €388k
2022: €267k
2023: €326k
2024: €204k
2018 → 2025
Net result
€41k
2024 · €-6k
2018: €-12k
2019: €-43k
2020: €-127k
2021: €-34k
2022: €-25k
2023: €209k
2024: €-6k
2018 → 2025
Working capital
€97k▼ 12.2%
2024 · €111k
2018: €-94k
2019: €-125k
2020: €-216k
2021: €-183k
2022: €-211k
2023: €179k
2024: €111k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-209k-€-234k▼ 12.0%€-25k▲ 89.2%€-31k▼ 23.2%€10k
Operating result€-24k-€-16k▲ 33.6%€209k€-5k€45k
Net result€-34k-€-25k▲ 26.6%€209k€-6k€41k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €45k after a loss of €5k in 2024.
Balance-sheet composition
Equity and liabilities €155k
Equity
€10k
Debt
€145k
Debt finances 93.4% of the balance-sheet total.
Key figures and ratios
Solvency
6.6%▲
2024 · -15.2%
Current ratio
2.69▲
2024 · 2.19
Quick ratio
2.69▲
2024 · 2.19
Debt / equity
14.04▲
2024 · -7.58
ROE
400.9%
ROA
26.7%▲
2024 · -2.9%
Debt
€145k▼
2024 · €235k
Debt ≤ 1 year
€58k▼
2024 · €93k
Debt > 1 year
€87k▼
2024 · €142k
Income taxes
€2k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€204k€155k▼
Fixed assets21/28€316€0▼
Financial fixed assets28€316€0▼
Current assets29/58€204k€155k▼
Amounts receivable after more than one year29€28k€0▼
Trade receivables290€28k€0▼
Amounts receivable within one year40/41€125k€43k▼
Trade receivables40€0-
Other amounts receivable41€125k€43k▼
Cash at bank and in hand54/58€50k€112k▲
Equity and liabilities
Total equity and liabilities10/49€204k€155k▼
Equity10/15€-31k€10k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-37k€4k▲
Amounts payable17/49€235k€145k▼
Amounts payable after more than one year17€142k€87k▼
Financial debts170/4€142k€87k▼
Amounts payable within one year42/48€93k€58k▼
Current portion of amounts payable after more than one year42€62k€55k▼
Trade debts44€435€467▲
Suppliers440/4€435€467▲
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€28k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Other operating charges640/8€1k€655▼
Gross operating margin9900€-3k€46k▲
Operating profit (loss)9901€-5k€45k▲
Financial income75/76B€7k€3k▼
Recurring financial income75€7k€3k▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€-4k€43k▲
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€-6k€41k▲
Profit (loss) for the period to be appropriated9905€-6k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€4k▲
Profit (loss) brought forward from the previous period14P€-31k€-37k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 46 days late
2025
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €209k
Net result €209k after 5 loss-making years.
31-12
Financial
Liquidity times 21current ratio 2.23
Current ratio from 0.10 to 2.23; short-term debt falls from €235k to €146k.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-127k
Net result drops to €-127k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Namur · 1 establishment unit since 2017
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.
Rue Capt. Aviateur Jacquet(SL) 445020 Namur1 establishment unit
ASD
since 20172.264.231.804
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Of 117 companies in sector 33160 we hold annual accounts for 55. 25 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-04-2017
Fiscal year end31-12
Activities, NACEBEL
33160Repair, maintenance and installation of machinery and equipment
51100Air transport
52230Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filings
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.