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ASHG Liège

Active
Public limited companyfounded 1992active for 34 yearsQuai Saint-Léonard 36, 4000 Liège, Belgium11 active companies are registered at this addressKBO/BCE: BE 0448.361.318
Summary

The computed 12-month bankruptcy probability of ASHG Liège is 2.5% (moderate). The 2025 annual accounts show negative equity (-€4.0m) and a net result of -€795,502. Equity remains stable across the filed financial years (±1.1% per year). Its solvency ranks better than 9% of 510 sector peers (NACE 55, financial year 2025). The company has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
ASHG LiègeActiveChecked score 51/100
Risk analysis ReportCompare

Overview

Activity
Hotels and similar accommodation
NACE 55100
4th largest employer in Liège, Accommodation and food service sector1 site
Size
€4.8mturnover 2025
Staff
44.5 FTE
Equity
-€4.0m
Loss
-€795,502
Financial health
51 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.5%
Structure
Parent
ASHG Belgium · 100%
Auditor: BDO Réviseurs d'Entreprises2025 accounts 65 days early4 of 23 deeds summarised
Why 51raises riskNegative equity -€4.0mLoss of €795,502, the second in a row (financial year 2025)Liquidity: current ratio 1.35, cash €397,940Size: turnover €4.8m, 44.5 FTE, total assets €9.0mShow the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 29% of its sector peers (NACE 55, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -45.1% of total assets
Liquidity 54-1
short-term debt 12.0% · cash 4.4%
Profitability 31-11
return on assets -8.9%
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (579 companies, NACE 55, small)
Last 24 months 11-2024: 1.8% 12-2024: 1.8%● unchanged vs 11-2024 01-2025: 1.8%● unchanged vs 12-2024 02-2025: 1.8%● unchanged vs 01-2025 03-2025: 1.7%▼ -0.1 percentage points vs 02-2025lowest value 04-2025: 1.7%● unchanged vs 03-2025 05-2025: 1.8%▲ +0.1 percentage points vs 04-2025 06-2025: 1.8%● unchanged vs 05-2025 07-2025: 2.1%▲ +0.3 percentage points vs 06-2025 08-2025: 2.1%● unchanged vs 07-2025 09-2025: 2.1%● unchanged vs 08-2025 10-2025: 2.2%▲ +0.1 percentage points vs 09-2025 11-2025: 2.2%● unchanged vs 10-2025 12-2025: 2.2%● unchanged vs 11-2025 01-2026: 2.2%● unchanged vs 12-2025 02-2026: 2.2%● unchanged vs 01-2026 03-2026: 2.2%● unchanged vs 02-2026 04-2026: 2.2%● unchanged vs 03-2026 05-2026: 2.2%● unchanged vs 04-2026 06-2026: 2.5%▲ +0.3 percentage points vs 05-2026highest value 07-2026: 2.5%● unchanged vs 06-2026highest value 08-2026: 2.5%● unchanged vs 07-2026highest value 09-2026: 2.5%● unchanged vs 08-2026highest value 10-2026: 2.5%● unchanged vs 09-2026highest value
No credit on open account
Liquidity tight (current ratio 1.35, compared with 1.71 in 2024, below the usual 1.5; short-term debt: 12% and cash: 4.4% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, small): better than 4% on solvency, 72% on liquidity, 27% on profitability and 15% on growth.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
raises riskneutral
raises risk · Negative equity -€4.0m
NBB · annual accounts
raises risk · Loss of €795,502, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.35, cash €397,940
NBB · annual accounts
raises risk · Size: turnover €4.8m, 44.5 FTE, total assets €9.0m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€4.0m
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
65 days early
2024
37 days early
2023
14 days early
2022
48 days early
2021
37 days early
2020
54 days early
2019
53 days 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 44 days before the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointment: BDO Réviseurs d'Entreprises (statutory auditor)Permanent representative: Evy Bory
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€4.0m View
  • Risk: 3 loss-making years in a rowloss financial year 2025 -€795,502 View
  • Caution: Among the weakest 5% on equitysector median €861,254 · 510 companies -€4.0m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by ASHG Belgiumultimately: ASHG Belgium S.a.r.l. 100% View

By topic

Financials

Financial year
2025
Turnover
€4.8m
Loss
-€795,502
Solvency
-45.1%
Turnover▼ 12.5%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
ASHG Belgium · 100%
Auditor
BDO Réviseurs d'Entreprises
  • André GuettoucheDirector
  • Steven LewerenzDirector
  • Jorrit de JongDirector
Go to Board & ownership

Timeline

Events
40
Since
1994
Next accounts
by 31-07-2027
  1. 31-12-2024Weakest financial year
  2. 31-12-2024Liquidity more than 9 times
  3. 04-12-2024Amendment of the articles · Name
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Hotels and similar accommodationNACE 55100
Founded
05-10-1992
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about ASHG Liège

What is the company number of ASHG Liège?
0448.361.318. In Belgium the VAT number is the company number with BE in front: BE 0448.361.318.
Where is ASHG Liège based?
The registered office is at Quai Saint-Léonard 36, 4000 Liège.Company details
What does ASHG Liège do?
According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
What is the legal form of ASHG Liège?
Public limited company (NV).
When was ASHG Liège founded?
On 05-10-1992.
Is ASHG Liège still active?
Yes, ASHG Liège is an active enterprise in the KBO register.
How many employees does ASHG Liège have?
On average 44.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of ASHG Liège?
€4.8m in financial year 2025, according to the filed annual accounts.
Is ASHG Liège profitable?
In financial year 2025, ASHG Liège made a loss of €795,502.
Where can I find the annual accounts of ASHG Liège?
ASHG Liège filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ASHG Liège due?
By 31-07-2027, for financial year 2026.Timeline

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?ASHG Belgium · 10 companies

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