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ASH&XAV

Active
Private limited companyfounded 20251 yr activeBeukenstraat 10, 8830 Hooglede, BelgiumKBO/BCE: BE 1018.925.315
Summary

The computed 12-month bankruptcy probability of ASH&XAV is 2.0% (moderate). The 2025 annual accounts show equity of €7,818 and a net result of -€136,308. The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability2
Solvency26
Growth-
Track record67
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.04; short-term debt: 10.4% and cash: 0.5% of total assets), and 99.2% 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
0.8%
Return on assets
-13.5%
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 22-07-2026, 9 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
9 d early
← before the deadline after the deadline →
Checked, nothing found (1)
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

ASH&XAV was incorporated on 20 January 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

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

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Financials · fiscal year 2025, micro schema

Equity
€7,818
Total assets
€1.0m
Net result
-€136,308
Working capital
-€100,486

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

Balance-sheet composition
Assets €1.0m
Fixed assets €1.0m
Current assets €4,650
Equity and liabilities €1.0m
Equity €7,818
Debt €1.0m
Debt finances 99.2% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
-€75,245
Cash flow
-€90,615
Current ratio
0.04
ROA
-13.5%
Interest coverage
-4.90
Debt ≤ 1 year
€105,136
Debt > 1 year
€894,356
A ratio outside any meaningful range has been withheld (balance sheet total €1.0m, equity €7,818).

Peer companies

Historical observation

Of the 450 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 87% are still going.

  • Small
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
  • without age
6.4% went bankrupt
5.3% stopped otherwise
87% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 450 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 · 2025 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€1.0m
Fixed assets21/28€1.0m
Tangible fixed assets22/27€1.0m
Land and buildings22€868,465
Furniture and vehicles24€13,861
Other tangible fixed assets26€122,084
Current assets29/58€4,650
Cash at bank and in hand54/58€4,650
Equity and liabilities
Total equity and liabilities10/49€1.0m
Equity10/15€7,818
Contributions10/11€15,472
Reserves13€184,360
Distributable reserves133€184,360
Profit (loss) carried forward14-€192,014
Amounts payable17/49€1.0m
Amounts payable after more than one year17€894,356
Financial debts170/4€894,356
Amounts payable within one year42/48€105,136
Current portion of amounts payable after more than one year42€53,024
Trade debts44€909
Suppliers440/4€909
Other amounts payable47/48€51,202
Accrued charges and deferred income492/3€1,750
Income statement Code2025
Non-recurring operating income76A€20,830
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45,694
Other operating charges640/8€125,575
Non-recurring operating charges66A€4,912
Gross operating margin9900€55,243
Operating profit (loss)9901-€120,939
Financial charges65/66B€15,370
Recurring financial charges65€15,370
Profit (loss) for the period before taxes9903-€136,308
Profit (loss) for the period9904-€136,308
Profit (loss) for the period to be appropriated9905-€136,308
Appropriation of the result
Profit (loss) to be appropriated9906-€192,014
Profit (loss) brought forward from the previous period14P-€55,706

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Non-recurring operating income76A€20,830
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45,694
Other operating charges640/8€125,575
Non-recurring operating charges66A€4,912
Gross operating margin9900€55,243
Operating profit (loss)9901-€120,939
Financial charges65/66B€15,370
Recurring financial charges65€15,370
Profit (loss) for the period before taxes9903-€136,308
Profit (loss) for the period9904-€136,308
Profit (loss) for the period to be appropriated9905-€136,308
Line2025
Assets
Total assets20/58€1.0m
Fixed assets21/28€1.0m
Tangible fixed assets22/27€1.0m
Land and buildings22€868,465
Furniture and vehicles24€13,861
Other tangible fixed assets26€122,084
Current assets29/58€4,650
Cash at bank and in hand54/58€4,650
Equity and liabilities
Total equity and liabilities10/49€1.0m
Equity10/15€7,818
Contributions10/11€15,472
Reserves13€184,360
Distributable reserves133€184,360
Profit (loss) carried forward14-€192,014
Amounts payable17/49€1.0m
Amounts payable after more than one year17€894,356
Financial debts170/4€894,356
Amounts payable within one year42/48€105,136
Current portion of amounts payable after more than one year42€53,024
Trade debts44€909
Suppliers440/4€909
Other amounts payable47/48€51,202
Accrued charges and deferred income492/3€1,750
Line2025
Profit (loss) for the period9904-€136,308
+ Depreciation and write-downs630€45,694
Operating cash flow (approximation)-€90,615

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

2026
22-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hooglede · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
606 m²
Building footprint
165 m²
Volume, LiDAR
944 m³
Parcel 36005C0687/00T002, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
ASH&XAV
Beukenstraat 10, 8830 HoogledeRenting and operating of own or leased non-residential real estate, excluding land
since 20252.370.506.685
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36005C0687/00T002 Flanders 606 m² 1 · 165 m² 9.2 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.

Company details

Identification
Legal formPrivate limited company
Founded20-01-2025
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.