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ASE CONSTRUCT

Active
Private limited companyfounded 20233 yrs activePrinsessestraat 99/0001, 8870 Izegem, BelgiumKBO/BCE: BE 0801.406.179
Summary

The computed 12-month bankruptcy probability of ASE CONSTRUCT is 3.0% (moderate). The 2024 annual accounts show equity of €26,042 and a net result of €23,042. Its solvency ranks better than 32% of 36386 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability100
Solvency56
Growth-
Track record79
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.16; short-term debt: 69.3% and cash: 20.4% of total assets), and 69.3% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
30.7%
Return on assets
27.2%
Age of the figures
21 mo
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 10-06-2026, 51 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
51 d early
2024
55 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 2 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 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 2023, ASE CONSTRUCT was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

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

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Financials · fiscal year 2024, micro schema

Equity
€26,042
Total assets
€84,794
Net result
€23,042
Working capital
€9,244

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €84,794
Fixed assets €16,798
Current assets €67,996
Equity and liabilities €84,794
Equity €26,042
Debt €58,752
Debt finances 69.3% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€42,226
Cash flow
€35,899
Current ratio
1.16
Debt to equity
2.26
ROE
88.5%
ROA
27.2%
Interest coverage
29.12
Debt ≤ 1 year
€58,752
Income taxes
€7,635

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.0% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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 · 2024 · 39 lines
Balance sheet Code2024
Assets
Total assets20/58€84,794
Fixed assets21/28€16,798
Tangible fixed assets22/27€16,798
Plant, machinery and equipment23€2,187
Furniture and vehicles24€14,611
Current assets29/58€67,996
Amounts receivable within one year40/41€50,538
Trade receivables40€37,491
Other amounts receivable41€13,047
Cash at bank and in hand54/58€17,322
Deferred charges and accrued income490/1€136
Equity and liabilities
Total equity and liabilities10/49€84,794
Equity10/15€26,042
Contributions10/11€3,000
Reserves13€15,000
Distributable reserves133€15,000
Profit (loss) carried forward14€8,042
Amounts payable17/49€58,752
Amounts payable within one year42/48€58,752
Trade debts44€45,366
Suppliers440/4€45,366
Taxes, remuneration and social security45€13,385
Taxes450/3€7,635
Remuneration and social security454/9€5,750
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,857
Other operating charges640/8€2,881
Gross operating margin9900€45,106
Operating profit (loss)9901€29,369
Financial income75/76B€2,758
Recurring financial income75€2,758
Financial charges65/66B€1,450
Recurring financial charges65€1,450
Profit (loss) for the period before taxes9903€30,677
Income taxes67/77€7,635
Profit (loss) for the period9904€23,042
Profit (loss) for the period to be appropriated9905€23,042
Appropriation of the result
Profit (loss) to be appropriated9906€23,042
Transfer to equity691/2€15,000
To other reserves6921€15,000

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,857
Other operating charges640/8€2,881
Gross operating margin9900€45,106
Operating profit (loss)9901€29,369
Financial income75/76B€2,758
Recurring financial income75€2,758
Financial charges65/66B€1,450
Recurring financial charges65€1,450
Profit (loss) for the period before taxes9903€30,677
Income taxes67/77€7,635
Profit (loss) for the period9904€23,042
Profit (loss) for the period to be appropriated9905€23,042
Line2024
Assets
Total assets20/58€84,794
Fixed assets21/28€16,798
Tangible fixed assets22/27€16,798
Plant, machinery and equipment23€2,187
Furniture and vehicles24€14,611
Current assets29/58€67,996
Amounts receivable within one year40/41€50,538
Trade receivables40€37,491
Other amounts receivable41€13,047
Cash at bank and in hand54/58€17,322
Deferred charges and accrued income490/1€136
Equity and liabilities
Total equity and liabilities10/49€84,794
Equity10/15€26,042
Contributions10/11€3,000
Reserves13€15,000
Distributable reserves133€15,000
Profit (loss) carried forward14€8,042
Amounts payable17/49€58,752
Amounts payable within one year42/48€58,752
Trade debts44€45,366
Suppliers440/4€45,366
Taxes, remuneration and social security45€13,385
Taxes450/3€7,635
Remuneration and social security454/9€5,750
Line2024
Profit (loss) for the period9904€23,042
+ Depreciation and write-downs630€12,857
Operating cash flow (approximation)€35,899

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
10-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Izegem · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,071 m²
Building footprint
214 m²
Volume, LiDAR
1,278 m³
Parcel 36492A0076/00P000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ASE CONSTRUCT
Prinsessestraat 99/0001, 8870 IzegemGeneral construction of buildings
since 20232.344.788.225
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36492A0076/00P000 Flanders 1,071 m² 1 · 214 m² 8.1 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.

Similar companies · same sector, comparable size

Of 751 companies in sector 43422 we hold annual accounts for 424. 314 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded03-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43422Screed work
41001General construction of residential buildings
43230Insulation installation
43240Other construction installation
43331Floor and wall tiling
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0801406179
Also 9925:BE0801406179
Registered 23-01-2026

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.