asheRise
ActiveSummary
asheRise has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111,931 and a net result of €31,394. Equity is growing by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 44% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+3
Solvency48▲+9
Growth85▲+17
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.82 against 1.37 in 2024; short-term debt: 9.7% and cash: 6.5% of total assets), and 77.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
22.9%
Return on assets
6.4%
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 11-06-2026, 50 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
50 d early
2024
9 d early
2023
32 d early
2022
31 d early
2021
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€153,977▲ 10.2%
2022 · €139,736
EBIT margin
27.4%▲ 4.2pp
2022 · 23.2%
Net result
€31,394▲ 70.6%
2024 · €18,404
Working capital
-€8,495
2024 · €26,890
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
Line20212022202320242025
Turnover€90,298-€139,736▲ 54.7%€153,977▲ 10.2%
Operating result€26,945-€32,411▲ 20.3%€42,137▲ 30.0%€39,433▼ 6.4%€60,267▲ 52.8%
Net result€18,563-€18,931▲ 2.0%€23,938▲ 26.4%€18,404▼ 23.1%€31,394▲ 70.6%
EBIT margin29.8%-23.2%▼ 6.6pp27.4%▲ 4.2pp
Equity€23,563-€42,494▲ 80.3%€66,433▲ 56.3%€83,036▲ 25.0%€111,931▲ 34.8%
Total assets€77,258-€564,596▲ 631%€570,802▲ 1.1%€578,846▲ 1.4%€488,774▼ 15.6%
Debt€53,695-€522,102▲ 872%€504,369▼ 3.4%€495,810▼ 1.7%€376,844▼ 24.0%
Working capital€17,137-€31,660▲ 84.8%€31,491▼ 0.5%€26,890▼ 14.6%-€8,495
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets +631% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 53% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €488,774
Fixed assets
€449,919 ▼ 6.1%
Current assets
€38,855 ▼ 61.1%
Equity and liabilities €488,774
Equity
€111,931 ▲ 34.8%
Debt
€376,844 ▼ 24.0%
Debt's share of the balance-sheet total falls from 85.7% to 77.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€93,139▲
2024 · €76,859
Cash flow
€64,266▲
2024 · €55,830
Current ratio
0.82▼
2024 · 1.37
Debt to equity
3.37▼
2024 · 5.97
ROE
28.0%▲
2024 · 22.2%
ROA
6.4%▲
2024 · 3.2%
Interest coverage
5.91▼
2024 · 7.15
Debt ≤ 1 year
€47,350▼
2024 · €73,005
Debt > 1 year
€319,472▼
2024 · €422,805
Income taxes
€13,445▲
2024 · €10,516
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,677 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,677 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €90,298 | €139,736 | €153,977 | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €8,880 | - |
| Goods, raw materials, services and sundry goods60/61 | €54,745 | €81,230 | €77,008 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,685 | €15,729 | €32,508 | €37,426 | €32,872 | ▼ 12.2% |
| Other operating charges640/8 | €1,924 | €10,366 | €2,325 | €3,742 | €4,873 | ▲ 30.2% |
| Non-recurring operating charges66A | - | - | - | €1,518 | - | - |
| Gross operating margin9900 | €35,553 | €58,505 | €76,970 | €82,118 | €98,012 | ▲ 19.4% |
| Operating profit (loss)9901 | €26,945 | €32,411 | €42,137 | €39,433 | €60,267 | ▲ 52.8% |
| Financial income75/76B | €214 | - | - | €235 | €321 | ▲ 36.7% |
| Recurring financial income75 | €214 | - | - | €235 | €321 | ▲ 36.7% |
| Financial charges65/66B | €349 | €4,025 | €6,147 | €10,748 | €15,749 | ▲ 46.5% |
| Recurring financial charges65 | €349 | €4,025 | €6,147 | €10,748 | €15,749 | ▲ 46.5% |
| Profit (loss) for the period before taxes9903 | €26,811 | €28,386 | €35,990 | €28,919 | €44,839 | ▲ 55.0% |
| Income taxes67/77 | €8,248 | €9,455 | €12,052 | €10,516 | €13,445 | ▲ 27.9% |
| Profit (loss) for the period9904 | €18,563 | €18,931 | €23,938 | €18,404 | €31,394 | ▲ 70.6% |
| Profit (loss) for the period to be appropriated9905 | €18,563 | €18,931 | €23,938 | €18,404 | €31,394 | ▲ 70.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €77,258 | €564,596 | €570,802 | €578,846 | €488,774 | ▼ 15.6% |
| Fixed assets21/28 | €34,730 | €483,650 | €487,387 | €478,952 | €449,919 | ▼ 6.1% |
| Tangible fixed assets22/27 | €34,730 | €483,650 | €487,387 | €478,952 | €449,919 | ▼ 6.1% |
| Land and buildings22 | - | €451,831 | €458,194 | €443,576 | €423,794 | ▼ 4.5% |
| Plant, machinery and equipment23 | €362 | €251 | €2,333 | €2,822 | €2,794 | ▼ 1.0% |
| Furniture and vehicles24 | €2,243 | €9,071 | €13,989 | €29,312 | €23,331 | ▼ 20.4% |
| Leasing and similar rights25 | €32,125 | €22,498 | €12,870 | €3,242 | - | - |
| Current assets29/58 | €42,528 | €80,946 | €83,415 | €99,895 | €38,855 | ▼ 61.1% |
| Amounts receivable within one year40/41 | €10,392 | €4,574 | €3,340 | - | €5,229 | - |
| Trade receivables40 | €3,775 | €4,574 | €3,340 | - | €3,630 | - |
| Other amounts receivable41 | €6,617 | - | - | - | €1,599 | - |
| Cash at bank and in hand54/58 | €31,091 | €75,746 | €79,633 | €99,895 | €31,676 | ▼ 68.3% |
| Deferred charges and accrued income490/1 | €1,045 | €626 | €443 | - | €1,950 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €77,258 | €564,596 | €570,802 | €578,846 | €488,774 | ▼ 15.6% |
| Equity10/15 | €23,563 | €42,494 | €66,433 | €83,036 | €111,931 | ▲ 34.8% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €18,500 | €36,500 | €59,500 | €78,036 | €106,931 | ▲ 37.0% |
| Non-distributable reserves130/1 | €18,500 | €36,500 | €59,500 | - | - | - |
| Other1319 | €18,500 | €36,500 | €59,500 | - | - | - |
| Distributable reserves133 | - | - | - | €78,036 | €106,931 | ▲ 37.0% |
| Profit (loss) carried forward14 | €63 | €994 | €1,933 | - | - | - |
| Amounts payable17/49 | €53,695 | €522,102 | €504,369 | €495,810 | €376,844 | ▼ 24.0% |
| Amounts payable after more than one year17 | €28,304 | €472,630 | €452,445 | €422,805 | €319,472 | ▼ 24.4% |
| Financial debts170/4 | €28,304 | €470,380 | €450,195 | €420,555 | €317,222 | ▼ 24.6% |
| Other amounts payable178/9 | - | €2,250 | €2,250 | €2,250 | €2,250 | = |
| Amounts payable within one year42/48 | €25,391 | €49,286 | €51,924 | €73,005 | €47,350 | ▼ 35.1% |
| Current portion of amounts payable after more than one year42 | €6,490 | €19,857 | €20,185 | €24,640 | €13,333 | ▼ 45.9% |
| Trade debts44 | €2,338 | €1,838 | €2,002 | €6,324 | €1,360 | ▼ 78.5% |
| Suppliers440/4 | €2,338 | €1,838 | €2,002 | €6,324 | €1,360 | ▼ 78.5% |
| Taxes, remuneration and social security45 | €16,563 | €24,129 | €27,536 | €32,132 | €21,321 | ▼ 33.6% |
| Taxes450/3 | €13,856 | €24,129 | €25,928 | €30,477 | €19,632 | ▼ 35.6% |
| Remuneration and social security454/9 | €2,707 | - | €1,608 | €1,655 | €1,689 | ▲ 2.0% |
| Other amounts payable47/48 | - | €3,462 | €2,201 | €9,908 | €11,337 | ▲ 14.4% |
| Accrued charges and deferred income492/3 | - | €187 | - | - | €10,022 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,563 | €18,931 | €23,938 | €18,404 | €31,394 | ▲ 70.6% |
| + Depreciation and write-downs630 | €6,685 | €15,729 | €32,508 | €37,426 | €32,872 | ▼ 12.2% |
| Operating cash flow (approximation) | €25,248 | €34,660 | €56,446 | €55,830 | €64,266 | ▲ 15.1% |
| Investment in fixed assets (approximation) | - | -€464,649 | -€36,244 | -€28,991 | -€3,839 | ▲ 86.8% |
| Change in cash | - | €44,655 | €3,887 | €20,262 | -€68,218 | ▼ 437% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €31,394 ▲70.6%
Operating result €60,267, net result €31,394, both a record.
31-12
Financial
Equity above €100,000Eq €111,931 ▲34.8%
5 profitable years in a row build equity to €111,931.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €18,404 ▼23.1%
Net result drops to €18,404, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
1 act for this company is 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, Heist-op-den-Berg · 1 establishment unit since 2021
Ground area
1,474 m²
Building footprint
93 m²
Volume, LiDAR
666 m³
Parcel 12014K1002/00A000, Flanders · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
asheRise
since 20212.316.887.956
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K1002/00A000 | Flanders | 1,474 m² | 1 · 93 m² | 9.2 m · 3 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.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,327 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
Founded07-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
43990Other specialised construction activities
71111Activities of building architects
82990Other business support services
Contact
E-mail
geens.steven@skynet.be
Phone
0476494839
E-invoicing
Reachable via Peppol
Peppol ID
0208:0767971566
Also
9925:BE0767971566
Registered
31-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.