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ASD IMMO

Active
Private limited companyfounded 201313 yrs activeRue des Meuneries 10, 4650 Herve, BelgiumKBO/BCE: BE 0533.887.901
Summary

ASD IMMO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €20,138. Equity remains stable across the filed fiscal years (±1.6% per year). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability41=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity ample (current ratio 7.47 against 4.97 in 2024; short-term debt: 13.4% and cash: 0% of total assets), and 13.4% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
86.6%
Return on assets
1.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 13 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 d early
2024
16 d early
2023
22 d early
2022
20 d early
2021
30 d late
2020
89 d late
2019
3 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 6 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 11 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 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

History

On 3 May 2013, ASD IMMO was incorporated.1 Total assets went from EUR 1.7 million in 2018 to EUR 1.5 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€1.3m▲ 1.6%
2024 · €1.3m
Total assets
€1.5m▼ 6.3%
2024 · €1.6m
Net result
€20,138▼ 13.5%
2024 · €23,291
Working capital
€1.3m▲ 1.6%
2024 · €1.3m
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€681,488-€3,551-€989▲ 72.1%-€968▲ 2.2%-€2,650▼ 174%
Net result€118,544€12,601▼ 89.4%€24,954▲ 98.0%€23,291▼ 6.7%€20,138▼ 13.5%
Equity€1.2m▲ 10.9%€1.2m▲ 1.0%€1.2m▲ 2.0%€1.3m▲ 1.9%€1.3m▲ 1.6%
Total assets€1.8m▲ 1.5%€1.8m▼ 0.2%€1.7m▼ 6.2%€1.6m▼ 5.7%€1.5m▼ 6.3%
Debt€591,519▲ 68,047%€575,637▼ 2.7%€438,974▼ 23.7%€318,974▼ 27.3%€198,974▼ 37.6%
Working capital€1.2m▼ 31.9%€1.2m▲ 1.0%€1.2m▲ 2.0%€1.3m▲ 1.9%€1.3m▲ 1.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000€600,000Operating result 2021: €681,488€681,488Net result 2021: €118,544€118,544Operating result 2022: -€3,551-€3,551Net result 2022: €12,601€12,601Operating result 2023: -€989-€989Net result 2023: €24,954€24,954Operating result 2024: -€968-€968Net result 2024: €23,291€23,291Operating result 2025: -€2,650-€2,650Net result 2025: €20,138€20,13820212022202320242025-€10,000€0€10,000€20,000Operating result 2023: -€989-€989Net result 2023: €24,954€25,000Operating result 2024: -€968-€968Net result 2024: €23,291€23,300Operating result 2025: -€2,650-€2,650Net result 2025: €20,138€20,100202320242025
The operating result stays negative: a loss of €2,650 in 2025 against €968 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.5m
Equity €1.3m ▲ 1.6%
Debt €198,974 ▼ 37.6%
Debt's share of the balance-sheet total falls from 20.1% to 13.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
7.47▲
2024 · 4.97
Debt to equity
0.15▼
2024 · 0.25
ROE
1.6%▼
2024 · 1.8%
ROA
1.4%▼
2024 · 1.5%
Debt ≤ 1 year
€198,974▼
2024 · €318,974
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.4% went bankrupt
3.6% stopped otherwise
96% still going

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 6,048 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 26 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.6m€1.5m▼
Current assets29/58€1.6m€1.5m▼
Amounts receivable within one year40/41€1.6m€1.5m▼
Other amounts receivable41€1.6m€1.5m▼
Cash at bank and in hand54/58€234€265▲
Equity and liabilities
Total equity and liabilities10/49€1.6m€1.5m▼
Equity10/15€1.3m€1.3m▲
Contributions10/11€27,739€27,739=
Reserves13€1.9m€1.9m=
Distributable reserves133€1.9m€1.9m=
Profit (loss) carried forward14-€622,155-€602,016▲
Amounts payable17/49€318,974€198,974▼
Amounts payable within one year42/48€318,974€198,974▼
Taxes, remuneration and social security45€318,974€198,974▼
Taxes450/3€318,974€198,974▼
Income statement Code20242025
Gross operating margin9900-€968-€2,650▼
Operating profit (loss)9901-€968-€2,650▼
Financial income75/76B€24,336€22,854▼
Recurring financial income75€24,336€22,854▼
Financial charges65/66B€77€66▼
Recurring financial charges65€77€66▼
Profit (loss) for the period before taxes9903€23,291€20,138▼
Profit (loss) for the period9904€23,291€20,138▼
Profit (loss) for the period to be appropriated9905€23,291€20,138▼
Appropriation of the result
Profit (loss) to be appropriated9906-€622,155-€602,016▲
Profit (loss) brought forward from the previous period14P-€645,446-€622,155▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Provisions for liabilities and charges: additions (uses and reversals)635/8-€683,303-----
Gross operating margin9900-€1,815-€3,551-€989-€968-€2,650▼ 174%
Operating profit (loss)9901€681,488-€3,551-€989-€968-€2,650▼ 174%
Financial income75/76B€26,588€26,735€26,006€24,336€22,854▼ 6.1%
Recurring financial income75€26,588€26,735€26,006€24,336€22,854▼ 6.1%
Financial charges65/66B€112,893€10,583€63€77€66▼ 14.7%
Recurring financial charges65€112,893€10,583€63€77€66▼ 14.7%
Profit (loss) for the period before taxes9903€595,183€12,601€24,954€23,291€20,138▼ 13.5%
Income taxes67/77€476,639-----
Profit (loss) for the period9904€118,544€12,601€24,954€23,291€20,138▼ 13.5%
Profit (loss) for the period to be appropriated9905€118,544€12,601€24,954€23,291€20,138▼ 13.5%
Line20212022202320242025Change
Assets
Total assets20/58€1.8m€1.8m€1.7m€1.6m€1.5m▼ 6.3%
Current assets29/58€1.8m€1.8m€1.7m€1.6m€1.5m▼ 6.3%
Amounts receivable within one year40/41€1.8m€1.8m€1.7m€1.6m€1.5m▼ 6.3%
Other amounts receivable41€1.8m€1.8m€1.7m€1.6m€1.5m▼ 6.3%
Cash at bank and in hand54/58€83€17€346€234€265▲ 13.5%
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.8m€1.7m€1.6m€1.5m▼ 6.3%
Equity10/15€1.2m€1.2m€1.2m€1.3m€1.3m▲ 1.6%
Contributions10/11€27,739€27,739€27,739€27,739€27,739=
Reserves13€1.9m€1.9m€1.9m€1.9m€1.9m=
Non-distributable reserves130/1€2,774€2,774----
Reserves not available under the articles1311€2,774€2,774----
Distributable reserves133€1.9m€1.9m€1.9m€1.9m€1.9m=
Profit (loss) carried forward14-€683,001-€670,400-€645,446-€622,155-€602,016▲ 3.2%
Amounts payable17/49€591,519€575,637€438,974€318,974€198,974▼ 37.6%
Amounts payable within one year42/48€591,519€575,637€438,974€318,974€198,974▼ 37.6%
Financial debts43-€22----
Credit institutions430/8-€22----
Trade debts44€2,078€6,641----
Suppliers440/4€2,078€6,641----
Taxes, remuneration and social security45€589,441€568,974€438,974€318,974€198,974▼ 37.6%
Taxes450/3€589,441€568,974€438,974€318,974€198,974▼ 37.6%
Line20212022202320242025Change
Profit (loss) for the period9904€118,544€12,601€24,954€23,291€20,138▼ 13.5%
Operating cash flow (approximation)€118,544€12,601€24,954€23,291€20,138▼ 13.5%
Change in cash--€66€328-€112€32▲ 128%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
06-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
15-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial Back to profitnet €118,544
Net result €118,544 after one loss-making year.
28-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial Weakest financial yearnet -€149,610
Net result drops to -€149,610, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity times 9current ratio 2040.93
Current ratio from 215.10 to 2040.93; short-term debt falls from €8,174 to €868.
03-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
20-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
21-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
22-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Herve · 1 establishment unit since 2013
seat establishment approximate The establishment unit on the map
Ground area
3,286 m²
Building footprint
2,337 m²
Volume, LiDAR
12,359 m³
Parcel 63035A0013/00R002, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ASD IMMO
Rue des Meuneries 10, 4650 HerveReal estate development
since 20132.219.293.187
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63035A0013/00R002 Wallonia 3,285 m² 1 · 2,337 m² 7.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. SMOD 100%
  2. ASD GROUPE 100%
  3. ASD IMMO

Highest known parent: SMOD. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded03-05-2013
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0533887901
Registered 22-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.