ASK Group
ActiveSummary
The computed 12-month bankruptcy probability of ASK Group is 5.9% (elevated). The 2024 annual accounts show negative equity (-€13,946) and a net result of -€11,455. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 36386 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-12
Growth55▲+23
Track record100
Bankruptcy probability, 12 months
5.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.53 in 2023; short-term debt: 271.4% and cash: 2% of total assets), and equity is negative.
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Signals
Six 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 2024Solvency, return and age of the figures
Solvency
-171.4%
Return on assets
-140.8%
Age of the figures
21 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
21222324
2021 to 2024 · latest year -€13,946
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
35 d early
2022
14 d late
2021
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€28,259▲ 96.6%
2023 · €14,376
EBIT margin
-40.4%▼ 20.6pp
2023 · -19.8%
Net result
-€11,455▼ 296%
2023 · -€2,896
Working capital
-€13,946▼ 37.5%
2023 · -€10,142
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line2021202220232024
Turnover€14,376€28,259▲ 96.6%
Operating result-€447--€4,865▼ 989%-€2,842▲ 41.6%-€11,406▼ 301%
Net result-€485below the sector's middle half--€4,916below the sector's middle half▼ 913%-€2,896below the sector's middle half▲ 41.1%-€11,455below the sector's middle half▼ 296%
EBIT margin-19.8%-40.4%▼ 20.6pp
Equity€5,322below the sector's middle half-€406below the sector's middle half▼ 92.4%-€2,490below the sector's middle half-€13,946below the sector's middle half▼ 460%
Total assets€11,014below the sector's middle half-€20,169below the sector's middle half▲ 83.1%€18,984below the sector's middle half▼ 5.9%€8,136below the sector's middle half▼ 57.1%
Debt€5,692-€19,763▲ 247%€21,475▲ 8.7%€22,081▲ 2.8%
Working capital€4,628within the sector's middle half--€6,094below the sector's middle half-€10,142below the sector's middle half▼ 66.4%-€13,946below the sector's middle half▼ 37.5%
Solvency48.3%within the sector's middle half-2.0%below the sector's middle half▼ 46.3pp-13.1%below the sector's middle half▼ 15.1pp-171.4%below the sector's middle half▼ 158.3pp
Current ratio1.81within the sector's middle half-0.69below the sector's middle half▼ 1.120.53below the sector's middle half▼ 0.160.37below the sector's middle half▼ 0.16
Return on assets (ROA)-4.4%below the sector's middle half--24.4%below the sector's middle half▼ 20.0pp-15.3%below the sector's middle half▲ 9.1pp-140.8%below the sector's middle half▼ 125.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 €11,406 in 2024 against €2,842 in 2023; the loss grows and 2024 has the lowest result in the available series.
Key figures and ratios
EBITDA
-€10,255▼
2023 · -€2,647
Cash flow
-€10,304▼
2023 · -€2,700
Quick ratio
0.11▼
2023 · 0.26
Debt to equity
-1.58▲
2023 · -8.62
Interest coverage
-208.22▼
2023 · -49.17
Debt ≤ 1 year
€22,081▲
2023 · €21,475
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,038 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €14,376 | €28,259 | ▲ 96.6% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €16,462 | €31,352 | ▲ 90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,250 | - | €196 | €1,151 | ▲ 489% |
| Other operating charges640/8 | €502 | €831 | €560 | €662 | ▲ 18.2% |
| Non-recurring operating charges66A | - | - | - | €6,500 | - |
| Gross operating margin9900 | €1,305 | -€4,035 | -€2,087 | -€3,093 | ▼ 48.2% |
| Operating profit (loss)9901 | -€447 | -€4,865 | -€2,842 | -€11,406 | ▼ 301% |
| Financial charges65/66B | €39 | €51 | €54 | €49 | ▼ 8.5% |
| Recurring financial charges65 | €39 | €51 | €54 | €49 | ▼ 8.5% |
| Profit (loss) for the period before taxes9903 | -€485 | -€4,916 | -€2,896 | -€11,455 | ▼ 296% |
| Profit (loss) for the period9904 | -€485 | -€4,916 | -€2,896 | -€11,455 | ▼ 296% |
| Profit (loss) for the period to be appropriated9905 | -€485 | -€4,916 | -€2,896 | -€11,455 | ▼ 296% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €11,014 | €20,169 | €18,984 | €8,136 | ▼ 57.1% |
| Fixed assets21/28 | €693 | €6,500 | €7,651 | - | - |
| Intangible fixed assets21 | - | - | €1,151 | - | - |
| Tangible fixed assets22/27 | €693 | €6,500 | €6,500 | - | - |
| Furniture and vehicles24 | €693 | €6,500 | €6,500 | - | - |
| Current assets29/58 | €10,321 | €13,669 | €11,333 | €8,136 | ▼ 28.2% |
| Stocks and contracts in progress3 | - | €9,785 | €5,785 | €5,785 | = |
| Stocks30/36 | - | €9,785 | €5,785 | €5,785 | = |
| Amounts receivable within one year40/41 | €96 | €2,820 | €3,271 | €2,189 | ▼ 33.1% |
| Trade receivables40 | - | €2,500 | €2,591 | €1,798 | ▼ 30.6% |
| Other amounts receivable41 | €96 | €320 | €680 | €392 | ▼ 42.4% |
| Cash at bank and in hand54/58 | €10,225 | €1,064 | €2,277 | €161 | ▼ 92.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €11,014 | €20,169 | €18,984 | €8,136 | ▼ 57.1% |
| Equity10/15 | €5,322 | €406 | -€2,490 | -€13,946 | ▼ 460% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Outside capital11 | - | - | €10,000 | - | - |
| Other1109/19 | - | - | €10,000 | - | - |
| Profit (loss) carried forward14 | -€4,678 | -€9,594 | -€12,490 | -€23,946 | ▼ 91.7% |
| Amounts payable17/49 | €5,692 | €19,763 | €21,475 | €22,081 | ▲ 2.8% |
| Amounts payable within one year42/48 | €5,692 | €19,763 | €21,475 | €22,081 | ▲ 2.8% |
| Financial debts43 | €1 | €1 | €1 | €1 | = |
| Credit institutions430/8 | €1 | €1 | €1 | €1 | = |
| Trade debts44 | €1,491 | €4,095 | €5,183 | €6,028 | ▲ 16.3% |
| Suppliers440/4 | €1,491 | €4,095 | €5,183 | €6,028 | ▲ 16.3% |
| Taxes, remuneration and social security45 | - | - | - | €5,857 | - |
| Taxes450/3 | - | - | - | €162 | - |
| Remuneration and social security454/9 | - | - | - | €5,695 | - |
| Other amounts payable47/48 | €4,200 | €15,667 | €16,291 | €10,195 | ▼ 37.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€485 | -€4,916 | -€2,896 | -€11,455 | ▼ 296% |
| + Depreciation and write-downs630 | €1,250 | - | €196 | €1,151 | ▲ 489% |
| Operating cash flow (approximation) | €765 | -€4,916 | -€2,700 | -€10,304 | ▼ 282% |
| Investment in fixed assets (approximation) | - | -€5,807 | -€1,347 | - | - |
| Change in cash | - | -€9,161 | €1,213 | -€2,116 | ▼ 274% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€11,455
Net result drops to -€11,455, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Gembloux · 1 establishment unit since 2019
Ground area
1,002 m²
Building footprint
151 m²
Parcel 92053B0003/00C003, Wallonia. Linked by address, not a title deed.
1 establishment unit
ASK Elec
since 20192.289.754.581
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92053B0003/00C003 | Wallonia | 1,002 m² | 1 · 151 m² | - |
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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Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 281 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0727493070
Also
9925:BE0727493070
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.