ASFAR
Open bankruptcyA bankruptcy procedure is open for ASFAR according to publications in the Belgian State Gazette; curator: FRANCOIS LE GENTIL DE ROSMORDUC. The 2024 annual accounts show equity of €30k and a net result of €-3k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2324
2023 to 2024 · latest year €-3k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
26 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€30k▼ 7.9%
2023 · €33k
2023: €33k
2023 → 2024
Total assets
€33k▼ 57.5%
2023 · €78k
2023: €78k
2023 → 2024
Net result
€-3k▲ 78.9%
2023 · €-12k
2023: €-12k
2023 → 2024
Working capital
€29k
2023 · €-33k
2023: €-33k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€33k-€30k▼ 7.9%
Operating result€-12k-€-39k▼ 236%
Net result€-12k-€-3k▲ 78.9%
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 €39k in 2024 against €12k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €33k
Fixed assets
€2k▼ 97.4%
Current assets
€31k▲ 175%
Equity and liabilities €33k
Equity
€30k▼ 7.9%
Debt
€3k▼ 94.0%
The debt ratio falls from 57.6% to 8.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-38k▼
2023 · €-9k
Cash flow
€-2k▲
2023 · €-10k
Solvency
91.8%▲
2023 · 42.4%
Current ratio
11.61▲
2023 · 0.25
Quick ratio
11.61▲
2023 · 0.16
Debt / equity
0.09▼
2023 · 1.36
ROE
-8.6%▲
2023 · -37.5%
ROA
-7.9%▲
2023 · -15.9%
Debt
€3k▼
2023 · €45k
Debt ≤ 1 year
€3k▼
2023 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€78k€33k▼
Fixed assets21/28€66k€2k▼
Tangible fixed assets22/27€66k€2k▼
Land and buildings22€64k-
Furniture and vehicles24€3k€2k▼
Current assets29/58€11k€31k▲
Stocks and contracts in progress3€4k-
Stocks30/36€4k-
Amounts receivable within one year40/41€6k€13k▲
Other amounts receivable41€6k€13k▲
Cash at bank and in hand54/58€1k€19k▲
Equity and liabilities
Total equity and liabilities10/49€78k€33k▼
Equity10/15€33k€30k▼
Contributions10/11€19k€19k=
Reserves13€6k€6k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€8k€5k▼
Amounts payable17/49€45k€3k▼
Amounts payable within one year42/48€45k€3k▼
Current portion of amounts payable after more than one year42€3k-
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€16k-
Taxes450/3€16k-
Other amounts payable47/48€20k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€203
Gross operating margin9900€-8k€-36k▼
Operating profit (loss)9901€-12k€-39k▼
Financial income75/76B€5€37k▲
Recurring financial income75€5€37k▲
Non-recurring financial income76B-€37k
Financial charges65/66B€601-
Recurring financial charges65€601-
Profit (loss) for the period before taxes9903€-12k€-3k▲
Income taxes67/77€38-
Profit (loss) for the period9904€-12k€-3k▲
Profit (loss) for the period to be appropriated9905€-12k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€5k▼
Profit (loss) brought forward from the previous period14P€20k€8k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
01-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SPRL ASFAR AVENUE ROGIER 340, 1030 Schaerbeek · event 26-05-2026
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Liquidity times 46current ratio 11.61
Current ratio from 0.25 to 11.61; short-term debt falls from €45k to €3k.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Schaarbeek · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rogierlaan 3401030 SchaarbeekGround area
131 m²
Building footprint
152 m²
Volume, LiDAR
1,557 m³
2 parcels, Brussels · tallest building 15.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Rogierlaan 338, 1030 Schaarbeek
since 19962.076.792.071
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0435/00T002 | Brussels | 71 m² | 1 · 58 m² | 15.4 m · 5 fl. |
| 21904B0435/00Z000 | Brussels | 61 m² | 1 · 93 m² | 14.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCOIS LE GENTIL DE ROSMORDUC AVENUE
LOUISE 349/17, 1050 IXELLES |
26-05-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.076.792.071
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Of 3,827 companies in sector 47210 we hold annual accounts for 966. 763 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-01-1996
Fiscal year end31-12
Activities, NACEBEL
47210Retail sale of fruit and vegetables
47810Retail trade
51410
46389Wholesale of other food products
46412Wholesale of household textiles and bedding
46492Wholesale trade
46499Wholesale of other household goods
47279Other retail sale of food
47299Retail trade
51384
51475
51478
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.