ASECO
ActiveSummary
The computed 12-month bankruptcy probability of ASECO is 2.2% (moderate). The 2025 annual accounts show equity of €57,254 and a net result of €36,633. Equity is growing by ~101.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 28281 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+18
Solvency59▲+7
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.1 in 2024; short-term debt: 47.6% and cash: 59.7% of total assets), but 66.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 dateAge against the risk zone
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.6%
Return on assets
21.5%
Age of the figures
9 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 26-06-2026, 35 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
35 d early
2024
2 d early
2023
43 d late
2022
12 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 2 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€57,254▲ 178%
2024 · €20,621
Total assets
€170,442▲ 123%
2024 · €76,351
Net result
€36,633▲ 560%
2024 · €5,554
Working capital
€84,566▲ 1,444%
2024 · €5,476
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€7,275-€20,539€8,158▼ 60.3%€49,443▲ 506%
Net result-€7,575below the sector's middle half-€16,642within the sector's middle half€5,554within the sector's middle half▼ 66.6%€36,633above the sector's middle half▲ 560%
Equity-€1,575below the sector's middle half-€15,067below the sector's middle half€20,621within the sector's middle half▲ 36.9%€57,254within the sector's middle half▲ 178%
Total assets€22,957below the sector's middle half-€139,194within the sector's middle half▲ 506%€76,351within the sector's middle half▼ 45.1%€170,442within the sector's middle half▲ 123%
Debt€24,531-€124,127▲ 406%€55,730▼ 55.1%€113,187▲ 103%
Working capital-€10,413below the sector's middle half-€5,681within the sector's middle half€5,476within the sector's middle half▼ 3.6%€84,566within the sector's middle half▲ 1,444%
Solvency-6.9%below the sector's middle half-10.8%below the sector's middle half▲ 17.7pp27.0%within the sector's middle half▲ 16.2pp33.6%within the sector's middle half▲ 6.6pp
Current ratio0.36below the sector's middle half-1.05below the sector's middle half▲ 0.681.10below the sector's middle half▲ 0.052.04within the sector's middle half▲ 0.94
Return on assets (ROA)-33.0%below the sector's middle half-12.0%within the sector's middle half▲ 45.0pp7.3%within the sector's middle half▼ 4.7pp21.5%above the sector's middle half▲ 14.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 506% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170,442
Fixed assets
€4,704 ▼ 68.9%
Current assets
€165,738 ▲ 171%
Equity and liabilities €170,442
Equity
€57,254 ▲ 178%
Debt
€113,187 ▲ 103%
Debt's share of the balance-sheet total falls from 73.0% to 66.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50,481▲
2024 · €15,720
Cash flow
€37,671▲
2024 · €13,116
Debt to equity
1.98▼
2024 · 2.70
ROE
64.0%▲
2024 · 26.9%
Interest coverage
51.08▲
2024 · 20.70
Debt ≤ 1 year
€81,171▲
2024 · €55,730
Income taxes
€11,822▲
2024 · €1,845
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% 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
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
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%.
| 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 39,278 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
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,065 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,433 | €6,819 | €7,562 | €1,038 | ▼ 86.3% |
| Other operating charges640/8 | €93 | €156 | €137 | €3,565 | ▲ 2,512% |
| Gross operating margin9900 | -€3,750 | €27,514 | €15,856 | €54,046 | ▲ 241% |
| Operating profit (loss)9901 | -€7,275 | €20,539 | €8,158 | €49,443 | ▲ 506% |
| Financial income75/76B | - | €1 | - | - | - |
| Recurring financial income75 | - | €1 | - | - | - |
| Financial charges65/66B | €299 | €1,550 | €759 | €988 | ▲ 30.2% |
| Recurring financial charges65 | €299 | €1,550 | €759 | €988 | ▲ 30.2% |
| Profit (loss) for the period before taxes9903 | -€7,575 | €18,989 | €7,399 | €48,455 | ▲ 555% |
| Income taxes67/77 | - | €2,347 | €1,845 | €11,822 | ▲ 541% |
| Profit (loss) for the period9904 | -€7,575 | €16,642 | €5,554 | €36,633 | ▲ 560% |
| Profit (loss) for the period to be appropriated9905 | -€7,575 | €16,642 | €5,554 | €36,633 | ▲ 560% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €22,957 | €139,194 | €76,351 | €170,442 | ▲ 123% |
| Fixed assets21/28 | €17,023 | €12,454 | €15,145 | €4,704 | ▼ 68.9% |
| Tangible fixed assets22/27 | €17,023 | €10,204 | €12,895 | €1,114 | ▼ 91.4% |
| Plant, machinery and equipment23 | €1,842 | €1,063 | €283 | - | - |
| Furniture and vehicles24 | - | €9,142 | €12,612 | €1,114 | ▼ 91.2% |
| Leasing and similar rights25 | €15,181 | - | - | - | - |
| Financial fixed assets28 | - | €2,250 | €2,250 | €3,590 | ▲ 59.6% |
| Current assets29/58 | €5,934 | €126,739 | €61,205 | €165,738 | ▲ 171% |
| Stocks and contracts in progress3 | - | - | €4,616 | - | - |
| Stocks30/36 | - | - | €4,616 | - | - |
| Amounts receivable within one year40/41 | €1,249 | €67,912 | €41,464 | €63,969 | ▲ 54.3% |
| Trade receivables40 | - | €61,764 | €35,317 | €63,969 | ▲ 81.1% |
| Other amounts receivable41 | €1,249 | €6,148 | €6,147 | - | - |
| Cash at bank and in hand54/58 | €4,074 | €58,774 | €15,125 | €101,768 | ▲ 573% |
| Deferred charges and accrued income490/1 | €610 | €54 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €22,957 | €139,194 | €76,351 | €170,442 | ▲ 123% |
| Equity10/15 | -€1,575 | €15,067 | €20,621 | €57,254 | ▲ 178% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | -€7,575 | €9,067 | €14,621 | €51,254 | ▲ 251% |
| Amounts payable17/49 | €24,531 | €124,127 | €55,730 | €113,187 | ▲ 103% |
| Amounts payable after more than one year17 | €8,185 | €3,068 | - | - | - |
| Financial debts170/4 | €8,185 | €3,068 | - | - | - |
| Amounts payable within one year42/48 | €16,347 | €121,059 | €55,730 | €81,171 | ▲ 45.7% |
| Current portion of amounts payable after more than one year42 | €4,941 | €5,117 | - | €60,000 | - |
| Trade debts44 | €4,526 | €86,789 | €20,096 | €6,632 | ▼ 67.0% |
| Suppliers440/4 | €4,526 | €86,789 | €20,096 | €6,632 | ▼ 67.0% |
| Advances received on contracts in progress46 | - | - | €11,500 | - | - |
| Taxes, remuneration and social security45 | - | €2,347 | €2,867 | €13,058 | ▲ 355% |
| Taxes450/3 | - | €2,347 | €2,867 | €13,058 | ▲ 355% |
| Other amounts payable47/48 | €6,879 | €26,805 | €21,266 | €1,481 | ▼ 93.0% |
| Accrued charges and deferred income492/3 | - | - | - | €32,016 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,575 | €16,642 | €5,554 | €36,633 | ▲ 560% |
| + Depreciation and write-downs630 | €3,433 | €6,819 | €7,562 | €1,038 | ▼ 86.3% |
| Operating cash flow (approximation) | -€4,142 | €23,460 | €13,116 | €37,671 | ▲ 187% |
| Investment in fixed assets (approximation) | - | -€2,250 | -€10,253 | €9,404 | ▲ 192% |
| Change in cash | - | €54,700 | -€43,649 | €86,643 | ▲ 298% |
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
Next filing, fiscal year 2026, expected by
2026
14-09
State Gazette act
Resignation: Singh Amar (director)2 facts ▸
State Gazette act
Resignation: Singh Amar (director)
2 facts ▸
- Director resignation, Singh Amar (director)
- General meeting, 01-07-2026
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €36,633 ▲560%
Operating result €49,443, net result €36,633, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
31-12
Financial
Back to profitnet €16,642
Net result €16,642 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.05
Current ratio from 0.36 to 1.05.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Truiden · 1 establishment unit since 2022
Ground area
4,589 m²
Building footprint
1,216 m²
Volume, LiDAR
5,621 m³
Parcel 71009A0066/00E000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ASECO
since 20222.330.978.195
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71009A0066/00E000 | Flanders | 4,589 m² | 1 · 1,216 m² | 9.8 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Singh Amar |
|
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Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,667 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
Founded07-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784631119
Also
9925:BE0784631119
Registered
01-01-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.