Summary
Asfalia is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €223,430 and a net result of €35,837. Equity is growing by ~48.6% per year across the filed fiscal years. Its solvency ranks better than 36% of 1505 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 10 filingsDeviation from the deadline
2025
20 d late
2024
8 d late
2023
16 d late
2022
10 d late
2021
30 d early
2020
13 d late
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 10 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€223,430▲ 19.1%
2024 · €187,593
Net result
€35,837▲ 37.3%
2024 · €26,095
Total assets
€841,775▼ 3.4%
2024 · €871,245
Solvency
26.5%▲ 5.0pp
2024 · 21.5%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€93,781▲ 44.3%€104,670▲ 11.6%€103,957▼ 0.7%€92,327▼ 11.2%€131,835▲ 42.8%
Net result€51,515within the sector's middle half▲ 100%€28,531within the sector's middle half▼ 44.6%€38,059within the sector's middle half▲ 33.4%€26,095within the sector's middle half▼ 31.4%€35,837within the sector's middle half▲ 37.3%
Equity€61,784within the sector's middle half▲ 502%€90,315within the sector's middle half▲ 46.2%€133,442within the sector's middle half▲ 47.8%€187,593within the sector's middle half▲ 40.6%€223,430within the sector's middle half▲ 19.1%
Total assets€869,328above the sector's middle half▼ 1.0%€881,567above the sector's middle half▲ 1.4%€854,672above the sector's middle half▼ 3.1%€871,245above the sector's middle half▲ 1.9%€841,775within the sector's middle half▼ 3.4%
Debt€807,544▼ 6.9%€791,252▼ 2.0%€721,230▼ 8.8%€683,652▼ 5.2%€618,345▼ 9.6%
Working capital-€65,163below the sector's middle half▲ 21.7%-€29,537below the sector's middle half▲ 54.7%€2,727within the sector's middle half€49,498within the sector's middle half▲ 1,715%€33,403within the sector's middle half▼ 32.5%
Solvency7.1%below the sector's middle half▲ 5.9pp10.2%below the sector's middle half▲ 3.1pp15.6%below the sector's middle half▲ 5.4pp21.5%within the sector's middle half▲ 5.9pp26.5%within the sector's middle half▲ 5.0pp
Current ratio0.31below the sector's middle half=0.70below the sector's middle half▲ 0.391.03within the sector's middle half▲ 0.341.52within the sector's middle half▲ 0.491.40within the sector's middle half▼ 0.12
Return on assets (ROA)5.9%within the sector's middle half▲ 3.0pp3.2%within the sector's middle half▼ 2.7pp4.5%within the sector's middle half▲ 1.2pp3.0%within the sector's middle half▼ 1.5pp4.3%within the sector's middle half▲ 1.3pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 43% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €841,775
Fixed assets
€725,793 ▼ 0.1%
Current assets
€115,982 ▼ 19.9%
Equity and liabilities €841,775
Equity
€223,430 ▲ 19.1%
Debt
€618,345 ▼ 9.6%
Debt's share of the balance-sheet total falls from 78.5% to 73.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
16.0%▲
2024 · 13.9%
Debt ≤ 1 year
€82,579▼
2024 · €95,221
Debt > 1 year
€534,477▼
2024 · €586,761
Income taxes
€19,021▲
2024 · €12,852
Staff costs
€138,490▼
2024 · €143,184
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €119,777 | €137,071 | €156,431 | €143,184 | €138,490 | ▼ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,360 | €56,320 | €57,990 | €57,357 | €54,141 | ▼ 5.6% |
| Other operating charges640/8 | €6,713 | €6,913 | €7,502 | €6,838 | €7,060 | ▲ 3.2% |
| Non-recurring operating charges66A | - | €1,114 | - | - | - | - |
| Gross operating margin9900 | €270,631 | €306,088 | €325,880 | €299,706 | €331,526 | ▲ 10.6% |
| Operating profit (loss)9901 | €93,781 | €104,670 | €103,957 | €92,327 | €131,835 | ▲ 42.8% |
| Financial income75/76B | €30 | €211 | €191 | - | €122 | - |
| Recurring financial income75 | €30 | €211 | €191 | - | €122 | - |
| Financial charges65/66B | €19,627 | €61,673 | €48,493 | €53,380 | €77,099 | ▲ 44.4% |
| Recurring financial charges65 | €19,449 | €59,007 | €48,493 | €53,254 | €77,099 | ▲ 44.8% |
| Non-recurring financial charges66B | €178 | €2,666 | - | €126 | - | - |
| Profit (loss) for the period before taxes9903 | €74,184 | €43,208 | €55,655 | €38,947 | €54,858 | ▲ 40.9% |
| Income taxes67/77 | €22,669 | €14,677 | €17,596 | €12,852 | €19,021 | ▲ 48.0% |
| Profit (loss) for the period9904 | €51,515 | €28,531 | €38,059 | €26,095 | €35,837 | ▲ 37.3% |
| Profit (loss) for the period to be appropriated9905 | €51,515 | €28,531 | €38,059 | €26,095 | €35,837 | ▲ 37.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €869,328 | €881,567 | €854,672 | €871,245 | €841,775 | ▼ 3.4% |
| Fixed assets21/28 | €840,523 | €813,717 | €772,276 | €726,526 | €725,793 | ▼ 0.1% |
| Intangible fixed assets21 | €5,341 | €3,206 | €1,070 | €535 | €22,206 | ▲ 4,051% |
| Tangible fixed assets22/27 | €834,157 | €809,486 | €770,706 | €725,491 | €703,087 | ▼ 3.1% |
| Land and buildings22 | €760,193 | €734,477 | €719,746 | €689,840 | €659,934 | ▼ 4.3% |
| Plant, machinery and equipment23 | €41,172 | €34,391 | €27,609 | €21,289 | €15,336 | ▼ 28.0% |
| Furniture and vehicles24 | €32,792 | €40,618 | €23,351 | €14,362 | €27,817 | ▲ 93.7% |
| Financial fixed assets28 | €1,025 | €1,025 | €500 | €500 | €500 | = |
| Current assets29/58 | €28,805 | €67,850 | €82,396 | €144,719 | €115,982 | ▼ 19.9% |
| Amounts receivable after more than one year29 | - | €27,299 | €20,760 | €48,815 | €40,276 | ▼ 17.5% |
| Other amounts receivable291 | - | €27,299 | €20,760 | €48,815 | €40,276 | ▼ 17.5% |
| Amounts receivable within one year40/41 | €23,255 | €20,689 | €20,271 | €33,812 | €38,312 | ▲ 13.3% |
| Trade receivables40 | €23,255 | €20,047 | €5,819 | €18,165 | €26,679 | ▲ 46.9% |
| Other amounts receivable41 | - | €642 | €14,452 | €15,647 | €11,633 | ▼ 25.7% |
| Cash at bank and in hand54/58 | €5,550 | €19,862 | €26,456 | €57,555 | €37,394 | ▼ 35.0% |
| Deferred charges and accrued income490/1 | - | - | €14,909 | €4,537 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €869,328 | €881,567 | €854,672 | €871,245 | €841,775 | ▼ 3.4% |
| Equity10/15 | €61,784 | €90,315 | €133,442 | €187,593 | €223,430 | ▲ 19.1% |
| Contributions10/11 | €6,200 | €6,200 | - | - | - | - |
| Capital10 | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €12,400 | €12,400 | - | - | - | - |
| Revaluation surpluses12 | - | - | €12,426 | €40,482 | €40,482 | = |
| Reserves13 | €51,158 | €79,158 | €115,500 | €141,400 | €176,400 | ▲ 24.8% |
| Non-distributable reserves130/1 | €1,158 | €1,158 | - | - | - | - |
| Legal reserve130 | €1,158 | €1,158 | - | - | - | - |
| Distributable reserves133 | €50,000 | €78,000 | €115,500 | €141,400 | €176,400 | ▲ 24.8% |
| Profit (loss) carried forward14 | €4,426 | €4,957 | €5,516 | €5,711 | €6,548 | ▲ 14.7% |
| Amounts payable17/49 | €807,544 | €791,252 | €721,230 | €683,652 | €618,345 | ▼ 9.6% |
| Amounts payable after more than one year17 | €713,576 | €691,430 | €639,729 | €586,761 | €534,477 | ▼ 8.9% |
| Financial debts170/4 | €713,576 | €691,430 | €639,729 | €586,761 | €534,477 | ▼ 8.9% |
| Amounts payable within one year42/48 | €93,968 | €97,387 | €79,669 | €95,221 | €82,579 | ▼ 13.3% |
| Current portion of amounts payable after more than one year42 | €45,890 | €55,193 | €47,456 | €48,695 | €48,012 | ▼ 1.4% |
| Trade debts44 | €6,612 | €15,313 | €12,255 | €16,543 | €18,454 | ▲ 11.6% |
| Suppliers440/4 | €6,612 | €15,313 | €12,255 | €16,543 | €18,454 | ▲ 11.6% |
| Taxes, remuneration and social security45 | €37,900 | €18,036 | €19,958 | €16,978 | €16,032 | ▼ 5.6% |
| Taxes450/3 | €21,914 | €2,800 | €3,750 | €2,590 | €3,500 | ▲ 35.1% |
| Remuneration and social security454/9 | €15,986 | €15,236 | €16,208 | €14,388 | €12,532 | ▼ 12.9% |
| Other amounts payable47/48 | €3,566 | €8,845 | - | €13,005 | €81 | ▼ 99.4% |
| Accrued charges and deferred income492/3 | - | €2,435 | €1,832 | €1,670 | €1,289 | ▼ 22.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,515 | €28,531 | €38,059 | €26,095 | €35,837 | ▲ 37.3% |
| + Depreciation and write-downs630 | €50,360 | €56,320 | €57,990 | €57,357 | €54,141 | ▼ 5.6% |
| Operating cash flow (approximation) | €101,875 | €84,851 | €96,049 | €83,452 | €89,978 | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | -€29,514 | -€16,549 | -€11,607 | -€53,408 | ▼ 360% |
| Change in cash | - | €14,312 | €6,594 | €31,099 | -€20,161 | ▼ 165% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
31-12
Financial
Equity above €200,000Eq €223,430 ▲19.1%
7 profitable years in a row build equity to €223,430.
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Equity above €150,000Eq €187,593 ▲40.6%
6 profitable years in a row build equity to €187,593.
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
31-12
Financial
Equity above €100,000Eq €133,442 ▲47.8%
5 profitable years in a row build equity to €133,442.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €51,515 ▲100%
Net result €51,515, the highest in the series.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €14,953
Net result €14,953 after one loss-making year.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2010
Ground area
816 m²
Building footprint
164 m²
Parcel 25762E0006/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
ASFALIA
since 20102.192.457.049
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762E0006/00B000 | Wallonia | 816 m² | 1 · 164 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
254900VN11TAGOFEQK16
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Of 4,671 companies in this sector we hold annual accounts for 3,221. 2,804 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded08-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
Contact
Phone
02/478.65.36Waterloo
Fax
02/479.72.97Waterloo
E-invoicing
Reachable via Peppol
Peppol ID
0208:0829108587
Registered
25-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.