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ASD

Active
Private limited companyfounded 20206 yrs activeOelegemsesteenweg 37, 2520 Ranst, BelgiumKBO/BCE: BE 0750.552.841
Summary

The computed 12-month bankruptcy probability of ASD is 1.7% (moderate). The 2025 annual accounts show equity of €34,681 and a net result of €16,278. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 32% of 32341 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
ASDActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Insulation installation
NACE 43230NACE 43291
1 site
Size
€113,928total assets 2025
Equity
€34,681
Profit
€16,278
Turnover not published (abridged schema)
Financial health
55 Fair Checked score 2025
Bankruptcy chance 12 m
1.7%
Structure
Accounts 40 d early0 of 1 deed read
Why 55- Liquidity: current ratio 1.34, cash €0, halved- Founded in 2020- Sector Specialised construction activities (NACE 43)+ Size: total assets €113,928Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 48% 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 55+4
equity 30.4% of total assets
Liquidity 13-29
short-term debt 69.6% · cash 0.0%
Profitability 81+53
return on assets 14.3%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,046 companies)
Last 24 months 11-2024: 2.9% 12-2024: 2.9%▲ +1.8% vs 11-2024highest value 01-2025: 1.5%▼ -47.6% vs 12-2024 02-2025: 1.5%● 0.0% vs 01-2025 03-2025: 1.5%● 0.0% vs 02-2025 04-2025: 1.5%▼ -2.2% vs 03-2025 05-2025: 1.5%● 0.0% vs 04-2025 06-2025: 1.5%▲ +0.5% vs 05-2025 07-2025: 1.4%▼ -4.0% vs 06-2025 08-2025: 1.4%▼ -1.4% vs 07-2025lowest value 09-2025: 1.4%● 0.0% vs 08-2025lowest value 10-2025: 1.6%▲ +9.7% vs 09-2025 11-2025: 1.6%▲ +0.9% vs 10-2025 12-2025: 1.6%▲ +2.7% vs 11-2025 01-2026: 2.1%▲ +29.1% vs 12-2025 02-2026: 2.1%▲ +2.3% vs 01-2026 03-2026: 2.0%▼ -4.4% vs 02-2026 04-2026: 2.0%● 0.0% vs 03-2026 05-2026: 2.0%● 0.0% vs 04-2026 06-2026: 1.9%▼ -4.1% vs 05-2026 07-2026: 1.9%● 0.0% vs 06-2026 08-2026: 1.9%▼ -1.8% vs 07-2026 09-2026: 1.9%● 0.0% vs 08-2026 10-2026: 1.7%▼ -9.3% vs 09-2026
  • Liquidity: current ratio 1.34, cash €0, halved raises the probability
  • Founded in 2020 raises the probability for this profile
  • Sector Specialised construction activities (NACE 43) raises the probability
  • Size: total assets €113,928 lowers the probability for this profile
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 2.39 in 2024; short-term debt: 69.6% and cash: 0% of total assets), and 69.6% 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 32%, liquidity 7%, profitability 62%, growth against the median 90%. 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

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.34, cash €0, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Founded in 2020
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Size: total assets €113,928
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
2122232425
2021 to 2025 · latest year €34,681
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 22-12-2025, 40 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
40 d early
2024
43 d early
2023
27 d early
2022
50 d early
2021
4 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 33 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 (4 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 · micro…
  2. Back to profitnet €16,278
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Positive: Always filed on timeaccounts within the deadline every year 5 years View
  • Total assets 20255 fiscal years filed €113,928 View
  • Active since 2020founded 11-07-2020 6 years View

By topic

Financials

Fiscal year
2025
Total assets
€113,928
Profit
€16,278
Solvency
30.4%
Total assets▲ 60.3%
Net result
20212025
Go to Financials

Timeline

Events
8
Since
2022
Next accounts
by 31-01-2027
  1. 22-12-2025Annual accounts filed
  2. 30-06-2025Back to profit
  3. 19-12-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Insulation installationNACE 43230
Founded
11-07-2020
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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