ASED
ActiveSummary
The computed 12-month bankruptcy probability of ASED is 2.8% (moderate). The 2025 annual accounts show equity of €38,135 and a net result of -€13,041. Its solvency ranks better than 51% of 28051 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency73▼-16
Growth32
Track record82
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 2.12 in 2024; short-term debt: 52.1% and cash: 32.8% of total assets), but 52.1% 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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 →
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 2025Solvency, return and age of the figures
Solvency
47.9%
Return on assets
-16.4%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
2 d early
2024
40 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 19 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 monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€38,135▼ 25.5%
2024 · €51,177
Total assets
€79,597▼ 0.8%
2024 · €80,233
Net result
-€13,041
2024 · €41,177
Working capital
€22,953▼ 29.5%
2024 · €32,563
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
Line20242025
Operating result€54,130--€9,898
Net result€41,177--€13,041
Equity€51,177-€38,135▼ 25.5%
Total assets€80,233-€79,597▼ 0.8%
Debt€29,057-€41,462▲ 42.7%
Working capital€32,563-€22,953▼ 29.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9,898 after €54,130 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79,597
Fixed assets
€15,182 ▼ 18.4%
Current assets
€64,415 ▲ 4.5%
Equity and liabilities €79,597
Equity
€38,135 ▼ 25.5%
Debt
€41,462 ▲ 42.7%
Debt's share of the balance-sheet total rises from 36.2% to 52.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€5,041▼
2024 · €56,643
Cash flow
-€8,185▼
2024 · €43,689
Current ratio
1.55▼
2024 · 2.12
Debt to equity
1.09▲
2024 · 0.57
ROE
-34.2%▼
2024 · 80.5%
ROA
-16.4%▼
2024 · 51.3%
Interest coverage
-1.60▼
2024 · 24.23
Debt ≤ 1 year
€41,462▲
2024 · €29,057
Income taxes
€35▼
2024 · €10,616
Staff costs
€59,561▲
2024 · €17,337
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €17,337 | €59,561 | ▲ 244% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,513 | €4,857 | ▲ 93.3% |
| Other operating charges640/8 | €1,346 | €900 | ▼ 33.2% |
| Gross operating margin9900 | €75,327 | €55,421 | ▼ 26.4% |
| Operating profit (loss)9901 | €54,130 | -€9,898 | ▼ 118% |
| Financial income75/76B | €0 | €34 | ▲ 169,650% |
| Recurring financial income75 | €0 | €34 | ▲ 169,650% |
| Financial charges65/66B | €2,338 | €3,143 | ▲ 34.4% |
| Recurring financial charges65 | €2,338 | €3,143 | ▲ 34.4% |
| Profit (loss) for the period before taxes9903 | €51,793 | -€13,007 | ▼ 125% |
| Income taxes67/77 | €10,616 | €35 | ▼ 99.7% |
| Profit (loss) for the period9904 | €41,177 | -€13,041 | ▼ 132% |
| Profit (loss) for the period to be appropriated9905 | €41,177 | -€13,041 | ▼ 132% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €80,233 | €79,597 | ▼ 0.8% |
| Fixed assets21/28 | €18,613 | €15,182 | ▼ 18.4% |
| Tangible fixed assets22/27 | €18,613 | €15,182 | ▼ 18.4% |
| Furniture and vehicles24 | €18,613 | €15,182 | ▼ 18.4% |
| Current assets29/58 | €61,620 | €64,415 | ▲ 4.5% |
| Amounts receivable within one year40/41 | €14,287 | €38,270 | ▲ 168% |
| Trade receivables40 | €11,593 | €35,442 | ▲ 206% |
| Other amounts receivable41 | €2,693 | €2,827 | ▲ 5.0% |
| Cash at bank and in hand54/58 | €45,925 | €26,145 | ▼ 43.1% |
| Deferred charges and accrued income490/1 | €1,409 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €80,233 | €79,597 | ▼ 0.8% |
| Equity10/15 | €51,177 | €38,135 | ▼ 25.5% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €41,177 | €28,135 | ▼ 31.7% |
| Amounts payable17/49 | €29,057 | €41,462 | ▲ 42.7% |
| Amounts payable within one year42/48 | €29,057 | €41,462 | ▲ 42.7% |
| Trade debts44 | €12,010 | €23,105 | ▲ 92.4% |
| Suppliers440/4 | €12,010 | €23,105 | ▲ 92.4% |
| Taxes, remuneration and social security45 | €12,592 | €12,920 | ▲ 2.6% |
| Taxes450/3 | €10,616 | €10,651 | ▲ 0.3% |
| Remuneration and social security454/9 | €1,976 | €2,269 | ▲ 14.8% |
| Other amounts payable47/48 | €4,455 | €5,437 | ▲ 22.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €41,177 | -€13,041 | ▼ 132% |
| + Depreciation and write-downs630 | €2,513 | €4,857 | ▲ 93.3% |
| Operating cash flow (approximation) | €43,689 | -€8,185 | ▼ 119% |
| Investment in fixed assets (approximation) | - | -€1,426 | - |
| Change in cash | - | -€19,779 | - |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
NBB filing
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, Antwerpen · 1 establishment unit since 2023
Ground area
355 m²
Building footprint
80 m²
Volume, LiDAR
648 m³
Parcel 11346B0634/00L000, Flanders · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ASED
since 20232.352.533.377
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0634/00L000indicative | Flanders | 355 m² | 1 · 80 m² | 8.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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L & J SYSTEMS
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,285 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
Founded02-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
42211Civil engineering
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
43212Electrical installation work in industrial facilities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.