Equity
€52,923 ▲ 8.9%
Asildas has made a profit in every financial year since 2023.
Asildas
Lifetime
3 annual accounts with figures on one time axispeak €41,308 (2024)
€25,797▼ 37.6%
peak €26,555 (2024)
€4,320▼ 83.7%
peak €52,923 (2025)
€52,923▲ 8.9%
€52,767▲ 124%
Board1 name since 2023
1 directorAsildas Mustafa
Documentsfilings and deeds
13-08-202613 days late
2025micro format
Gross margin from €41,308 to €25,797Result from €26,555 to €4,320Debts from €23,513 to €52,767Investments €46,138Cash from €10,687 to €6
Key points
from the 2025 annual accountsTurnover
≈ €120,000 estimated
The micro format states no turnover.
Investments
€46,138 4.7 × depreciation
Green is investment, beige is depreciation. Machinery stands 4091.1% higher than in 2024.
Liquidity
1.75 was 3.14 in 2024
Short-term debts rose from €14,780 to €24,855.
Filings
3 annual accounts 1 late
The 2025 accounts came 13 days late. The other two were filed on time.
Starting capital
€16,000 100 shares
Checked score
50
Fair
Financially stronger than 46% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.7%▲ +0.1 percentage points vs 12-2024
02-2025: 1.6%▼ -0.1 percentage points vs 01-2025
03-2025: 1.7%▲ +0.1 percentage points vs 02-2025
04-2025: 1.8%▲ +0.1 percentage points vs 03-2025
05-2025: 2.0%▲ +0.2 percentage points vs 04-2025
06-2025: 2.0%● unchanged vs 05-2025
07-2025: 2.1%▲ +0.1 percentage points vs 06-2025
08-2025: 1.2%▼ -0.9 percentage points vs 07-2025
09-2025: 1.2%● unchanged vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.1%▼ -0.1 percentage points vs 11-2025
01-2026: 1.0%▼ -0.1 percentage points vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026lowest value
03-2026: 1.0%● unchanged vs 02-2026lowest value
04-2026: 1.1%▲ +0.1 percentage points vs 03-2026
05-2026: 1.2%▲ +0.1 percentage points vs 04-2026
06-2026: 1.1%▼ -0.1 percentage points vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 1.7%▲ +0.5 percentage points vs 07-2026
09-2026: 3.2%▲ +1.5 percentage points vs 08-2026highest value
10-2026: 3.2%● unchanged vs 09-2026highest value
11-2026: 3.2%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
Liquidity: current ratio 1.75, cash €6, halved
Size: total assets €105,691
Sector: Specialised construction activities (NACE 43)
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 54% of them on solvency, 31% on liquidity, 46% on profitability and 53% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,546 companies had the same profile as Asildas has now. Each dot stands for 7 companies, two years later.
94.2%
were still trading
3.2%
stopped another way
2.3%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Asildas itself is higher: 3.2% within 12 months. It rests on far more data about Asildas than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,546 companies, not a prediction for Asildas. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.75 (3.14 in 2024), above the usual 1.5. Short-term debt is 23.5% and cash 0% of total assets. 49.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 13 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
13 days late
2024
7 days early
2023
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 3 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0801060444
Incorporation
Founding capital of €16,000, 100 shares, €12,000 paid up · Founder: Asildas Mustafa · Appointment: Asildas Mustafa (director) · published on 26-04-2023 · Gazette deed
First establishment
ASILDAS BV, Grondwetstraat 156, Menen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Asildas Menen | €105,691 | €25,797 | 50.1% | - |
| ALLtechnix Pittem | €104,212 | €25,077 | 6.7% | - |
| Xavier Wyffels Izegem | €114,327 | €24,272 | 96.7% | - |
| ELECTRO SEYS Koksijde | €98,598 | €25,171 | 37.6% | - |
| Focquaert Niels Beernem | €110,747 | €32,038 | 32.7% | - |
| Sam'Eclair Ramillies | €111,683 | €26,865 | 1.8% | - |
| Neven Technics Bilzen-Hoeselt | €104,217 | €25,121 | 50.9% | - |
These companies have the same main activity as Asildas: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €98,600 and €114,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 23-04-2023Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.344.231.5638930 Menen, since 23-04-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2025
Insights on Asildas
Asildas files the micro format. That format states no turnover. The gross margin rose from €12,728 in 2023 to €25,797 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Asildas
- What is the company number of Asildas?
- The company number of Asildas is 0801.060.444. The VAT number is the same number with BE in front: BE 0801.060.444.
- Where is Asildas based?
- The registered office is at Grondwetstraat 156, 8930 Menen.Company details
- What does Asildas do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of Asildas?
- Asildas is a private limited company (BV).
- When was Asildas founded?
- Asildas was founded on 23-04-2023.
- Is Asildas still active?
- Yes, Asildas is an active enterprise in the KBO register.
- What is the turnover of Asildas?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €25,797 and 45 comparable companies (NACE 43211). It probably lies between €84,000 and €180,000.Financials
- Is Asildas profitable?
- In financial year 2025, Asildas made a profit of €4,320.
- Where can I find the annual accounts of Asildas?
- Asildas filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Asildas due?
- Asildas must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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