ASIA
ActiveSummary
ASIA has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€58,729) and a net result of -€4,019. Equity is shrinking by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 3542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability14▲+14
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 0.53 in 2023; short-term debt: 160.1% and cash: 31.3% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-60.1%
Return on assets
-4.1%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€58,729
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
61 d late
2022
31 d late
2021
5 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€58,729▼ 7.3%
2023 · -€54,710
Total assets
€97,774▲ 33.1%
2023 · €73,439
Net result
-€4,019▲ 83.7%
2023 · -€24,725
Working capital
-€62,180▼ 2.3%
2023 · -€60,771
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€39,535▼ 149%€14,966€14,930▼ 0.2%-€23,617-€2,968▲ 87.4%
Net result-€39,816below the sector's middle half▼ 146%€14,109within the sector's middle half€14,802within the sector's middle half▲ 4.9%-€24,725below the sector's middle half-€4,019below the sector's middle half▲ 83.7%
Equity-€58,896below the sector's middle half▼ 209%-€44,787below the sector's middle half▲ 24.0%-€29,985below the sector's middle half▲ 33.0%-€54,710below the sector's middle half▼ 82.5%-€58,729below the sector's middle half▼ 7.3%
Total assets€44,497below the sector's middle half▼ 4.1%€90,480within the sector's middle half▲ 103%€99,856within the sector's middle half▲ 10.4%€73,439within the sector's middle half▼ 26.5%€97,774within the sector's middle half▲ 33.1%
Debt€103,393▲ 57.8%€135,267▲ 30.8%€129,841▼ 4.0%€128,149▼ 1.3%€156,503▲ 22.1%
Working capital-€61,475below the sector's middle half▼ 190%-€52,826below the sector's middle half▲ 14.1%-€37,123below the sector's middle half▲ 29.7%-€60,771below the sector's middle half▼ 63.7%-€62,180below the sector's middle half▼ 2.3%
Solvency-132.4%below the sector's middle half▼ 91.3pp-49.5%below the sector's middle half▲ 82.9pp-30.0%below the sector's middle half▲ 19.5pp-74.5%below the sector's middle half▼ 44.5pp-60.1%below the sector's middle half▲ 14.4pp
Current ratio0.41below the sector's middle half▼ 0.270.61below the sector's middle half▲ 0.200.71below the sector's middle half▲ 0.100.53below the sector's middle half▼ 0.190.60below the sector's middle half▲ 0.08
Return on assets (ROA)-89.5%below the sector's middle half▼ 54.6pp15.6%above the sector's middle half▲ 105.1pp14.8%above the sector's middle half▼ 0.8pp-33.7%below the sector's middle half▼ 48.5pp-4.1%below the sector's middle half▲ 29.6pp
Staff (FTE)0.2below the sector's middle half=0.8▲ 300%1.2▲ 50.0%1.2=1.4▲ 16.7%
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
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 €2,968 in 2024 against €23,617 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €97,774
Fixed assets
€3,451 ▼ 43.1%
Current assets
€94,323 ▲ 40.0%
Key figures and ratios
EBITDA
-€358▲
2023 · -€20,944
Cash flow
-€1,409▲
2023 · -€22,052
Quick ratio
0.24▲
2023 · 0.17
Debt to equity
-2.66▼
2023 · -2.34
Interest coverage
-0.34▲
2023 · -18.89
Debt ≤ 1 year
€156,503▲
2023 · €128,149
Staff costs
€23,102▲
2023 · €10,743
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
5.1%
went bankrupt
5.4%
stopped otherwise
89%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 1,564 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €5,235 | €9,851 | €10,743 | €23,102 | ▲ 115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €802 | €1,040 | €2,666 | €2,673 | €2,610 | ▼ 2.4% |
| Other operating charges640/8 | - | €2,296 | €1,939 | €1,430 | €6,561 | ▲ 359% |
| Gross operating margin9900 | -€32,597 | €23,537 | €29,386 | -€8,771 | €29,305 | ▲ 434% |
| Operating profit (loss)9901 | -€39,535 | €14,966 | €14,930 | -€23,617 | -€2,968 | ▲ 87.4% |
| Financial income75/76B | - | - | - | €1 | €1 | = |
| Recurring financial income75 | €25 | - | - | €1 | €1 | = |
| Financial charges65/66B | - | €857 | €128 | €1,109 | €1,052 | ▼ 5.1% |
| Recurring financial charges65 | €306 | €857 | €128 | €1,109 | €1,052 | ▼ 5.1% |
| Profit (loss) for the period before taxes9903 | -€39,816 | €14,109 | €14,802 | -€24,725 | -€4,019 | ▲ 83.7% |
| Profit (loss) for the period9904 | -€39,816 | €14,109 | €14,802 | -€24,725 | -€4,019 | ▲ 83.7% |
| Profit (loss) for the period to be appropriated9905 | -€39,816 | €14,109 | €14,802 | -€24,725 | -€4,019 | ▲ 83.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,497 | €90,480 | €99,856 | €73,439 | €97,774 | ▲ 33.1% |
| Fixed assets21/28 | €2,579 | €8,039 | €7,138 | €6,061 | €3,451 | ▼ 43.1% |
| Tangible fixed assets22/27 | €2,579 | €8,039 | €7,138 | €6,061 | €3,451 | ▼ 43.1% |
| Plant, machinery and equipment23 | - | €1,677 | €2,401 | €2,603 | €1,783 | ▼ 31.5% |
| Furniture and vehicles24 | - | €6,362 | €4,737 | €3,458 | €1,668 | ▼ 51.8% |
| Current assets29/58 | €41,918 | €82,441 | €92,718 | €67,378 | €94,323 | ▲ 40.0% |
| Stocks and contracts in progress3 | €36,750 | €54,300 | €45,000 | €45,000 | €56,292 | ▲ 25.1% |
| Stocks30/36 | - | €54,300 | €45,000 | €45,000 | €56,292 | ▲ 25.1% |
| Amounts receivable within one year40/41 | €4,168 | €4,000 | €4,306 | €5,514 | €7,455 | ▲ 35.2% |
| Trade receivables40 | - | - | €301 | €894 | €3,450 | ▲ 286% |
| Other amounts receivable41 | - | €4,000 | €4,005 | €4,620 | €4,005 | ▼ 13.3% |
| Cash at bank and in hand54/58 | €1,000 | €24,141 | €43,412 | €15,447 | €30,576 | ▲ 97.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,417 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,497 | €90,480 | €99,856 | €73,439 | €97,774 | ▲ 33.1% |
| Equity10/15 | -€58,896 | -€44,787 | -€29,985 | -€54,710 | -€58,729 | ▼ 7.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€65,096 | -€50,987 | -€36,185 | -€60,910 | -€64,929 | ▼ 6.6% |
| Amounts payable17/49 | €103,393 | €135,267 | €129,841 | €128,149 | €156,503 | ▲ 22.1% |
| Amounts payable within one year42/48 | €103,393 | €135,267 | €129,841 | €128,149 | €156,503 | ▲ 22.1% |
| Trade debts44 | €3,955 | €10,121 | €872 | €11,709 | €7,069 | ▼ 39.6% |
| Suppliers440/4 | - | €10,121 | €872 | €11,709 | €7,069 | ▼ 39.6% |
| Taxes, remuneration and social security45 | - | €6,131 | €9,521 | €15,630 | €16,705 | ▲ 6.9% |
| Taxes450/3 | - | €4,761 | €5,122 | €606 | €5,275 | ▲ 770% |
| Remuneration and social security454/9 | - | €1,370 | €4,399 | €15,024 | €11,430 | ▼ 23.9% |
| Other amounts payable47/48 | - | €119,015 | €119,448 | €100,810 | €132,729 | ▲ 31.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€39,816 | €14,109 | €14,802 | -€24,725 | -€4,019 | ▲ 83.7% |
| + Depreciation and write-downs630 | €802 | €1,040 | €2,666 | €2,673 | €2,610 | ▼ 2.4% |
| Operating cash flow (approximation) | -€39,014 | €15,149 | €17,468 | -€22,052 | -€1,409 | ▲ 93.6% |
| Investment in fixed assets (approximation) | - | -€6,500 | -€1,765 | -€1,596 | €0 | ▲ 100% |
| Change in cash | - | €23,141 | €19,271 | -€27,965 | €15,129 | ▲ 154% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €14,802 ▲4.9%
Net result €14,802, the highest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €14,109
Net result €14,109 after 3 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€39,816
Net result drops to -€39,816, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Ardooie · 1 establishment unit since 2018
Ground area
1,256 m²
Building footprint
179 m²
Volume, LiDAR
1,013 m³
Parcel 36001E0802/00L000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ASIA
since 20182.274.328.316
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001E0802/00L000 | Flanders | 1,256 m² | 1 · 179 m² | 9.3 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,205 companies in sector 95316 we hold annual accounts for 754. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
95316Washing and cleaning of motor vehicles
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95315Tyre services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0687616073
Also
9925:BE0687616073
Registered
16-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.