ASIA SQUARE
ActiveSummary
The computed 12-month bankruptcy probability of ASIA SQUARE is 7.2% (elevated). For ASIA SQUARE, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (€-48k) and a net result of €-10k. Equity is shrinking by ~34.5% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability2▲+2
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
7.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 2023Solvency, return and age of the figures
Solvency
-98.9%
Return on assets
-21.2%
Age of the figures
36 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
30-09-2024 close30-04-2025 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 02-04-2024, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
28 d early
2022
199 d late
2021
3 d early
2020
5 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-48k▼ 27.3%
2022 · €-38k
2020: €-16khighest in 4 years
2021: €-26k▼ -60.6% vs 2020
2022: €-38k▼ -49.1% vs 2021
2023: €-48k▼ -27.3% vs 2022lowest in 4 years
2020 → 2023
Total assets
€49k▼ 25.0%
2022 · €65k
2020: €94khighest in 4 years
2021: €83k▼ -11.7% vs 2020
2022: €65k▼ -20.9% vs 2021
2023: €49k▼ -25.0% vs 2022lowest in 4 years
2020 → 2023
Net result
€-10k▲ 17.1%
2022 · €-13k
2020: €-36klowest in 4 years
2021: €-10k▲ +73.2% vs 2020highest in 4 years
2022: €-13k▼ -30.1% vs 2021
2023: €-10k▲ +17.1% vs 2022
2020 → 2023
Working capital
€-71k▼ 31.9%
2022 · €-54k
2020: €-19khighest in 4 years
2021: €-36k▼ -88.7% vs 2020
2022: €-54k▼ -48.3% vs 2021
2023: €-71k▼ -31.9% vs 2022lowest in 4 years
2020 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€-16k-€-26k▼ 60.6%€-38k▼ 49.1%€-48k▼ 27.3%
2020: €-16khighest in 4 years
2021: €-26k▼ -60.6% vs 2020
2022: €-38k▼ -49.1% vs 2021
2023: €-48k▼ -27.3% vs 2022lowest in 4 years
Operating result€-34k-€-8k▲ 77.6%€-11k▼ 43.0%€-9k▲ 15.0%
2020: €-34klowest in 4 years
2021: €-8k▲ +77.6% vs 2020highest in 4 years
2022: €-11k▼ -43.0% vs 2021
2023: €-9k▲ +15.0% vs 2022
Net result€-36k-€-10k▲ 73.2%€-13k▼ 30.1%€-10k▲ 17.1%
2020: €-36klowest in 4 years
2021: €-10k▲ +73.2% vs 2020highest in 4 years
2022: €-13k▼ -30.1% vs 2021
2023: €-10k▲ +17.1% vs 2022
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 €9k in 2023 against €11k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €49k
Fixed assets
€45k ▼ 17.3%
Current assets
€4k ▼ 63.6%
Key figures and ratios
EBITDA
€225▲
2022 · €-1k
Cash flow
€-988▲
2022 · €-3k
Solvency
-98.9%▼
2022 · -58.2%
Current ratio
0.05▼
2022 · 0.17
Debt to equity
-2.01▲
2022 · -2.72
ROA
-21.2%▼
2022 · -19.2%
Interest coverage
0.19▲
2022 · -0.81
Debt
€97k▼
2022 · €103k
Debt ≤ 1 year
€75k▲
2022 · €65k
Debt > 1 year
€21k▼
2022 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 37 lines
Balance sheet
Code20222023
Assets
Total assets20/58€65k€49k▼
Fixed assets21/28€54k€45k▼
Tangible fixed assets22/27€54k€45k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€50k€42k▼
Current assets29/58€11k€4k▼
Amounts receivable within one year40/41€5k€4k▼
Trade receivables40€4k€4k=
Other amounts receivable41€520-
Cash at bank and in hand54/58€6k-
Equity and liabilities
Total equity and liabilities10/49€65k€49k▼
Equity10/15€-38k€-48k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-58k€-68k▼
Amounts payable17/49€103k€97k▼
Amounts payable after more than one year17€37k€21k▼
Financial debts170/4€37k€21k▼
Amounts payable within one year42/48€65k€75k▲
Current portion of amounts payable after more than one year42€16k€16k▲
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€35k€34k▼
Suppliers440/4€13k€12k▼
Bills of exchange payable441€22k€22k=
Other amounts payable47/48€14k€23k▲
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=
Other operating charges640/8€146€428▲
Gross operating margin9900€-1k€652▲
Operating profit (loss)9901€-11k€-9k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-13k€-10k▲
Profit (loss) for the period9904€-13k€-10k▲
Profit (loss) for the period to be appropriated9905€-13k€-10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-58k€-68k▼
Profit (loss) brought forward from the previous period14P€-46k€-58k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €19k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €9k | €9k | €9k | = |
| Other operating charges640/8 | - | - | €146 | €428 | ▲ 193% |
| Gross operating margin9900 | €63k | €21k | €-1k | €652 | ▲ 152% |
| Operating profit (loss)9901 | €-34k | €-8k | €-11k | €-9k | ▲ 15.0% |
| Recurring financial income75 | €7 | - | - | - | - |
| Financial charges65/66B | - | €2k | €2k | €1k | ▼ 29.8% |
| Recurring financial charges65 | €2k | €2k | €2k | €1k | ▼ 29.8% |
| Profit (loss) for the period before taxes9903 | €-36k | €-10k | €-13k | €-10k | ▲ 17.1% |
| Profit (loss) for the period9904 | €-36k | €-10k | €-13k | €-10k | ▲ 17.1% |
| Profit (loss) for the period to be appropriated9905 | €-36k | €-10k | €-13k | €-10k | ▲ 17.1% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €94k | €83k | €65k | €49k | ▼ 25.0% |
| Fixed assets21/28 | €73k | €64k | €54k | €45k | ▼ 17.3% |
| Tangible fixed assets22/27 | €73k | €64k | €54k | €45k | ▼ 17.3% |
| Furniture and vehicles24 | - | €6k | €5k | €3k | ▼ 30.1% |
| Other tangible fixed assets26 | - | €58k | €50k | €42k | ▼ 16.1% |
| Financial fixed assets28 | €60 | - | - | - | - |
| Current assets29/58 | €20k | €19k | €11k | €4k | ▼ 63.6% |
| Stocks and contracts in progress3 | €3k | - | - | - | - |
| Amounts receivable within one year40/41 | €10k | €6k | €5k | €4k | ▼ 11.5% |
| Trade receivables40 | - | €1k | €4k | €4k | = |
| Other amounts receivable41 | - | €5k | €520 | - | - |
| Cash at bank and in hand54/58 | €6k | €13k | €6k | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €94k | €83k | €65k | €49k | ▼ 25.0% |
| Equity10/15 | €-16k | €-26k | €-38k | €-48k | ▼ 27.3% |
| Contributions10/11 | - | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €-36k | €-46k | €-58k | €-68k | ▼ 17.9% |
| Amounts payable17/49 | €110k | €108k | €103k | €97k | ▼ 5.8% |
| Amounts payable after more than one year17 | €68k | €53k | €37k | €21k | ▼ 43.8% |
| Financial debts170/4 | - | €53k | €37k | €21k | ▼ 43.8% |
| Amounts payable within one year42/48 | €40k | €55k | €65k | €75k | ▲ 15.8% |
| Current portion of amounts payable after more than one year42 | - | €17k | €16k | €16k | ▲ 2.2% |
| Financial debts43 | - | - | - | €2k | - |
| Credit institutions430/8 | - | - | - | €2k | - |
| Trade debts44 | €32k | €34k | €35k | €34k | ▼ 1.8% |
| Suppliers440/4 | - | €12k | €13k | €12k | ▼ 4.7% |
| Bills of exchange payable441 | - | €22k | €22k | €22k | = |
| Other amounts payable47/48 | - | €4k | €14k | €23k | ▲ 62.0% |
| Accrued charges and deferred income492/3 | - | - | €1k | €1k | = |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-36k | €-10k | €-13k | €-10k | ▲ 17.1% |
| + Depreciation and write-downs630 | €10k | €9k | €9k | €9k | = |
| Operating cash flow (approximation) | €-26k | €-232 | €-3k | €-988 | ▲ 68.4% |
| Investment in fixed assets (approximation) | - | €60 | €0 | €0 | - |
| Change in cash | - | €6k | €-6k | - | - |
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
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 199 days late
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
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
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, Elsene · 1 establishment unit since 2019
Ground area
1,500 m²
Building footprint
539 m²
Volume, LiDAR
5,186 m³
2 parcels, Brussels, Wallonia · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
ASIA SQUARE
since 20192.297.052.644
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006A0387/00E000 | Wallonia | 1,229 m² | 1 · 420 m² | 10.8 m · 3 fl. |
| 21447B0384/00H008 | Brussels | 270 m² | 1 · 118 m² | 16.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded30-10-2019
Fiscal year end30-09
Scores and ratios are computed by Checked and are not a credit decision.