ASD
The computed 12-month bankruptcy probability of ASD is 2.9% (moderate). The 2025 annual accounts show negative equity (€-73k) and a net result of €149k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 42 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-73k |
| Net result | €149k |
| Staff (FTE) | 132.6 |
| Better than sector | 5% |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -7.0% | 32.7% | |
| Net result | €149k | €60k | |
| Equity | €-73k | €205k | |
| Gross operating margin | €6.90M | €399k | |
| Staff costs | €6.74M | €180k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €158k |
| Net profit | €149k |
| Cash flow | €155k |
| Staff costs | €6.74M |
| Income taxes | - |
| Dividends | - |
| Total assets | €1.04M |
| Equity | €-73k |
| Debt | €1.11M |
| of which ≤ 1y | €1.11M |
| of which > 1y | - |
| Working capital | €-87k |
| Employees (FTE) | 132.6 |
| 2025 | |
|---|---|
| Current ratio | 0.92 |
| Quick ratio | 0.92 |
| Working capital ratio | -8.4% |
| Solvency | -7.0% |
| Debt / equity | -15.34 |
| Long-term debt ratio | - |
| Interest coverage | 48.22 |
| Gross margin | - |
| Net margin | - |
| ROA | 14.3% |
| ROE | -205.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.04M |
| Fixed assets | 21/28 | €14k |
| Tangible fixed assets | 22/27 | €14k |
| Current assets | 29/58 | €1.03M |
| Amounts receivable within one year | 40/41 | €713k |
| Cash & bank | 54/58 | €308k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.04M |
| Equity | 10/15 | €-73k |
| Contributions / capital | 10/11 | €9k |
| Accumulated profits (losses) | 14 | €-82k |
| Amounts payable | 17/49 | €1.11M |
| Amounts payable within one year | 42/48 | €1.11M |
| Trade debts payable within one year | 44 | €318k |
| Income statement | ||
| Gross operating margin | 9900 | €6.90M |
| Operating result | 9901 | €152k |
| Financial income | 75 | €77 |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €149k |
| Net result for the period | 9904 | €149k |
| Result to be appropriated | 9905 | €149k |
| NACE primary | Food manufacturing(10130) |
| Legal form | Private limited company(610) |
| Incorporation | 06-07-2021 |
| Status | Active |
| Postal code | 3520 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029F0639/00H000 | Flanders | 2.6 ha | 1 · 8,414 m² | - |
| 71443E1043/00Y002 | Flanders | 1,557 m² | 1 · 343 m² | 10.6 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | ASD |