ASD TELECOM
Open bankruptcySummary
A bankruptcy procedure is open for ASD TELECOM according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €711 and a net result of -€59,880.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Liège division
- Declared bankrupt
- 20 October 2025
- Supervising judge
- Jean-Louis Stassin
- Official Gazette
- 23-12-2025 (pdf) ↗search the document for 2025/153588
Deadlines
- File the claim in RegSol until
- passed on 19 November 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 4 December 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Appeal or third-party opposition until
- passed on 7 January 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- Late claim until
- 20 October 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Catherine DelbouilleAvenue Constantin De Gerlache 41, 4000 Liege 1catherine@avroy.be
- Laurent Stas De RichelleRue Constantin De Gerlache 41, 4000 Liege 1laurent@avroy.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
11 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 24 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 (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Turnover
€390,852▼ 10.3%
2018 · €435,938
EBIT margin
-4.3%▼ 12.6pp
2018 · 8.3%
Net result
-€59,880▼ 573%
2020 · -€8,893
Working capital
€10,850▼ 78.9%
2020 · €51,462
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
Line2018201920202021
Turnover€435,938-€390,852▼ 10.3%
Operating result€36,200--€16,862-€7,383▲ 56.2%-€59,681▼ 708%
Net result€28,665--€16,991-€8,893▲ 47.7%-€59,880▼ 573%
EBIT margin8.3%--4.3%▼ 12.6pp
Equity€80,276-€63,285▼ 21.2%€60,592▼ 4.3%€711▼ 98.8%
Total assets€198,436-€137,197▼ 30.9%€112,991▼ 17.6%€29,298▼ 74.1%
Debt€118,160-€73,913▼ 37.4%€52,399▼ 29.1%€28,586▼ 45.4%
Working capital€51,041-€55,483▲ 8.7%€51,462▼ 7.2%€10,850▼ 78.9%
Staff (FTE)0.7-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €59,681 in 2021 against €7,383 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €29,298
Fixed assets
€2,715 ▼ 87.6%
Current assets
€26,582 ▼ 70.8%
Equity and liabilities €29,298
Equity
€711 ▼ 98.8%
Debt
€28,586 ▼ 45.4%
Debt's share of the balance-sheet total rises from 46.4% to 97.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€57,999▼
2020 · €4,307
Cash flow
-€58,199▼
2020 · €2,798
Current ratio
1.69▼
2020 · 2.30
ROA
-204.4%▼
2020 · -7.9%
Interest coverage
-290.18
Debt ≤ 1 year
€15,732▼
2020 · €39,545
Debt > 1 year
€12,855=
2020 · €12,855
Staff costs
€965
Equity ratios withheld: equity of €711 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €435,938 | €390,852 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €965 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,399 | €29,942 | €11,691 | €1,682 | ▼ 85.6% |
| Other operating charges640/8 | - | - | - | €9,726 | - |
| Gross operating margin9900 | €98,239 | €69,576 | €28,018 | -€47,308 | ▼ 269% |
| Operating profit (loss)9901 | €36,200 | -€16,862 | -€7,383 | -€59,681 | ▼ 708% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | - | - | €5 | €0 | ▼ 97.2% |
| Financial charges65/66B | - | - | - | €200 | - |
| Recurring financial charges65 | €141 | €129 | €432 | €200 | ▼ 53.7% |
| Profit (loss) for the period before taxes9903 | €36,059 | -€16,991 | -€7,810 | -€59,880 | ▼ 667% |
| Income taxes67/77 | €7,394 | - | €1,083 | - | - |
| Profit (loss) for the period9904 | €28,665 | -€16,991 | -€8,893 | -€59,880 | ▼ 573% |
| Profit (loss) for the period to be appropriated9905 | €28,665 | -€16,991 | -€8,893 | -€59,880 | ▼ 573% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €198,436 | €137,197 | €112,991 | €29,298 | ▼ 74.1% |
| Fixed assets21/28 | €52,108 | €23,995 | €21,984 | €2,715 | ▼ 87.6% |
| Tangible fixed assets22/27 | €51,752 | €23,639 | €21,628 | €2,359 | ▼ 89.1% |
| Furniture and vehicles24 | - | - | - | €2,359 | - |
| Financial fixed assets28 | €356 | €356 | €356 | €356 | = |
| Current assets29/58 | €146,328 | €113,202 | €91,007 | €26,582 | ▼ 70.8% |
| Amounts receivable within one year40/41 | €115,781 | €73,953 | €65,639 | €13,513 | ▼ 79.4% |
| Trade receivables40 | - | - | - | €11,133 | - |
| Other amounts receivable41 | - | - | - | €2,380 | - |
| Cash at bank and in hand54/58 | €29,836 | €38,226 | €23,544 | €12,016 | ▼ 49.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,053 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €198,436 | €137,197 | €112,991 | €29,298 | ▼ 74.1% |
| Equity10/15 | €80,276 | €63,285 | €60,592 | €711 | ▼ 98.8% |
| Contributions10/11 | €12,400 | €12,400 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Reserves13 | €20,610 | €20,610 | €20,610 | €20,610 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Legal reserve130 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €18,750 | - |
| Profit (loss) carried forward14 | €47,266 | €30,275 | €21,382 | -€38,499 | ▼ 280% |
| Amounts payable17/49 | €118,160 | €73,913 | €52,399 | €28,586 | ▼ 45.4% |
| Amounts payable after more than one year17 | €22,873 | €16,194 | €12,855 | €12,855 | = |
| Financial debts170/4 | - | - | - | €12,855 | - |
| Amounts payable within one year42/48 | €95,287 | €57,719 | €39,545 | €15,732 | ▼ 60.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €278 | - |
| Financial debts43 | - | - | - | €110 | - |
| Credit institutions430/8 | - | - | - | €110 | - |
| Trade debts44 | €28,377 | €29,374 | €30,656 | €14,874 | ▼ 51.5% |
| Suppliers440/4 | - | - | - | €14,874 | - |
| Taxes, remuneration and social security45 | - | - | - | €469 | - |
| Taxes450/3 | - | - | - | €385 | - |
| Remuneration and social security454/9 | - | - | - | €84 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,665 | -€16,991 | -€8,893 | -€59,880 | ▼ 573% |
| + Depreciation and write-downs630 | €27,399 | €29,942 | €11,691 | €1,682 | ▼ 85.6% |
| Operating cash flow (approximation) | €56,064 | €12,951 | €2,798 | -€58,199 | ▼ 2,180% |
| Investment in fixed assets (approximation) | - | -€1,830 | -€9,680 | €17,587 | ▲ 282% |
| Change in cash | - | €8,390 | -€14,682 | -€11,528 | ▲ 21.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
23-12
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 20-10-2025
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€59,880
Net result drops to -€59,880, the lowest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Saint-Nicolas
Ground area
221 m²
Building footprint
47 m²
Volume, LiDAR
396 m³
Parcel 62102B0019/02C000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62102B0019/02C000 | Wallonia | 221 m² | 1 · 46 m² | 10.2 m · 3 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | CATHERINE DELBOUILLE AVENUE CONSTANTIN
DE GERLACHE 41, 4000 LIEGE 1 |
20-10-2025 → present |
| Curator | LAURENT
STAS DE RICHELLE RUE CONSTANTIN DE GERLACHE 41,
4000 LIEGE 1 |
20-10-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded21-11-2016
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.