ASIN
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00473734.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 19 filings
Every figure per financial year
The operating result for 2025 is a loss of €35,629, after a profit of €24,708 in 2024. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,051 | €12,051 | €12,051 | €12,051 | €12,051 | €12,051 | €12,051 | €12,051 | = |
| Other operating charges640/8 | - | - | - | €449 | €450 | €473 | €505 | €2,287 | ▲ 353% |
| Gross operating margin9900 | €50,800 | €50,269 | €40,019 | €47,696 | €50,075 | €44,609 | €37,264 | -€21,290 | - |
| Operating profit (loss)9901 | €35,182 | €36,597 | €27,868 | €35,196 | €37,574 | €32,084 | €24,708 | -€35,629 | - |
| Financial income75/76B | - | - | - | - | - | - | - | €59,000 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €59,000 | - |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €59,000 | - |
| Financial charges65/66B | - | - | - | €3,327 | €1,791 | €1,220 | €1,025 | €806 | ▼ 21.3% |
| Recurring financial charges65 | €7,135 | €5,957 | €4,287 | €3,327 | €1,791 | €1,220 | €1,025 | €806 | ▼ 21.3% |
| Profit (loss) for the period before taxes9903 | €28,047 | €30,640 | €23,580 | €31,869 | €35,783 | €30,864 | €23,683 | €22,565 | ▼ 4.7% |
| Income taxes67/77 | €7,369 | €18,834 | €12,957 | €9,063 | €8,450 | €7,496 | €11,161 | €7,213 | ▼ 35.4% |
| Profit (loss) for the period9904 | €20,678 | €11,806 | €10,623 | €22,806 | €27,333 | €23,368 | €12,522 | €15,352 | ▲ 22.6% |
| Profit (loss) for the period to be appropriated9905 | €20,678 | €11,806 | €10,623 | €22,806 | €27,333 | €23,368 | €12,522 | €15,352 | ▲ 22.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €326,458 | €314,271 | €310,226 | €308,846 | €279,675 | €274,849 | €285,702 | €352,410 | ▲ 23.3% |
| Fixed assets21/28 | €321,779 | €309,728 | €297,677 | €285,626 | €273,575 | €261,524 | €249,472 | €237,421 | ▼ 4.8% |
| Tangible fixed assets22/27 | €321,779 | €309,728 | €297,677 | €285,626 | €273,575 | €261,524 | €249,472 | €237,421 | ▼ 4.8% |
| Land and buildings22 | - | - | - | €285,626 | €273,575 | €261,524 | €249,472 | €237,421 | ▼ 4.8% |
| Current assets29/58 | €4,679 | €4,543 | €12,549 | €23,221 | €6,100 | €13,326 | €36,229 | €114,988 | ▲ 217% |
| Amounts receivable within one year40/41 | - | - | - | - | - | - | €18,335 | €97,859 | ▲ 434% |
| Other amounts receivable41 | - | - | - | - | - | - | €18,335 | €97,859 | ▲ 434% |
| Cash at bank and in hand54/58 | €4,679 | €4,543 | €12,549 | €23,221 | €6,100 | €13,326 | €17,894 | €17,129 | ▼ 4.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €326,458 | €314,271 | €310,226 | €308,846 | €279,675 | €274,849 | €285,702 | €352,410 | ▲ 23.3% |
| Equity10/15 | €156,198 | €168,004 | €178,628 | €201,433 | €228,766 | €252,135 | €264,657 | €280,009 | ▲ 5.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | - | €18,592 | €18,592 | €18,592 | - | - | - |
| Issued capital100 | - | - | - | €18,592 | €18,592 | €18,592 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €135,746 | €147,552 | €158,176 | €180,981 | €208,314 | €231,683 | €244,205 | €259,557 | ▲ 6.3% |
| Amounts payable17/49 | €170,260 | €146,267 | €131,599 | €107,413 | €50,909 | €22,715 | €21,045 | €72,400 | ▲ 244% |
| Amounts payable after more than one year17 | €102,570 | €71,601 | €55,532 | €22,397 | - | - | €15,803 | €9,193 | ▼ 41.8% |
| Financial debts170/4 | - | - | - | €22,397 | - | - | €15,803 | €9,193 | ▼ 41.8% |
| Amounts payable within one year42/48 | €67,689 | €74,666 | €76,066 | €85,016 | €50,909 | €22,715 | €5,242 | €63,208 | ▲ 12× |
| Current portion of amounts payable after more than one year42 | - | - | - | €85,016 | €50,909 | €22,375 | - | - | - |
| Financial debts43 | - | - | - | - | - | - | €5,242 | - | - |
| Other loans439 | - | - | - | - | - | - | €5,242 | - | - |
| Trade debts44 | - | - | - | - | - | €340 | - | €63,208 | - |
| Suppliers440/4 | - | - | - | - | - | €340 | - | €63,208 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,678 | €11,806 | €10,623 | €22,806 | €27,333 | €23,368 | €12,522 | €15,352 | ▲ 22.6% |
| + Depreciation and write-downs630 | €12,051 | €12,051 | €12,051 | €12,051 | €12,051 | €12,051 | €12,051 | €12,051 | = |
| Operating cash flow (approximation) | €32,729 | €23,857 | €22,674 | €34,857 | €39,384 | €35,419 | €24,573 | €27,403 | ▲ 11.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€135 | €8,006 | €10,671 | -€17,121 | €7,225 | €4,569 | -€765 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as ASIN has now. Two years later, 94.4% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ASIN itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,041 companies, not a prediction for ASIN. 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.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00473734 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00426691 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00414465 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00423824 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20420487 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-56400188 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66600433 | |
| 31-12-2018 | micro format | 26-09-2019 | 2019-66200493 | |
| 31-12-2017 | micro format | 30-11-2018 | 2018-73500205 | |
| 31-12-2016 | micro format | 12-10-2017 | 2017-67100190 |