Equity
-€1,556
Debts exceed assets in financial year 2025.
Liminate
Lifetime
4 annual accounts with figures on one time axispeak €4,940 (2022)
-€1,472▼ €2,378
lowest -€12,189 (2023)
-€2,201▼ €2,477
peak €12,559 (2022)
-€1,556▼ €2,201
€31,596▼ 1.6%
Board3 names since 2022
3 directorsCOUSCOURAS Andréas and 2 others
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Gross margin from €906 to -€1,472Loss of €2,201Equity from €645 to -€1,556
Key points
from the 2025 annual accountsDebts
€31,596 105% of the balance sheet
Suppliers 95%Taxes and wages 1%Other 5%
Of this, €30,158 falls due within a year.
Filings
4 annual accounts since 2022
The last four annual accounts were filed 6 to 44 days before the end of the period.
At the same address
16 companies
Board
1 left
A director left. Latest change 29-07-2026 · 2 in office.
Position in the sector
-5.2%
Lower solvency than 91% of companies in specialised construction. Sector median 46.7% · 35,125 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 16% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.5% 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 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.3%● unchanged vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.3%● unchanged vs 02-2025
04-2025: 1.4%▲ +0.1 percentage points vs 03-2025
05-2025: 1.4%● unchanged vs 04-2025
06-2025: 1.4%● unchanged vs 05-2025
07-2025: 1.2%▼ -0.2 percentage points vs 06-2025
08-2025: 1.2%● unchanged 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: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.0%▼ -0.2 percentage points vs 02-2026lowest value
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.1%▲ +0.1 percentage points vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 2.6%▲ +1.5 percentage points vs 07-2026
09-2026: 2.7%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 1.5%▼ -1.2 percentage points vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
1 change of registered office in 24 months
Negative equity -€1,556
lowers risk
Liquidity: current ratio 1.00, cash €17,068
Figures for financial year 2025 (filed on 30-06-2026)
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 7% of them on solvency, 43% on liquidity, 14% on profitability and 1% 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, 1,555 companies had the same profile as Liminate has now. Each dot stands for 4 companies, two years later.
91.6%
were still trading
3.6%
stopped another way
4.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Liminate itself: 1.5% within 12 months.
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 1,555 companies, not a prediction for Liminate. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 1.0 (1.07 in 2024), below 1. Short-term debt is 100.4% and cash 56.8% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€1,556
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
31 days early
2024
44 days early
2023
8 days early
2022
6 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 22 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 12 July (4 of the last 4 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
Board and ownership
- COUSCOURAS Andréas 3,000 sharesdeed of 30-06-2022
- VALSAMIS, Spyros 3,000 sharesdeed of 30-06-2022
- KNAEPEN, David Jean 3,000 sharesdeed of 30-06-2022
Recent changes
Company renamed from ASK Services to LIMINATE
Registered office moved within Wemmel · New registered office: Koningin Astridlaan 59A, 1780 Wemmel · Previous registered office: Koningin Astridlaan 51, 1780 Wemmel · General meeting of 24-07-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0787743829
First establishment
ASK Services, Koningin Astridlaan 51, Wemmel
Incorporation
Founding capital of €9,000, 9,000 shares · Founders: COUSCOURAS Andréas; VALSAMIS, Spyros; KNAEPEN, David Jean · Appointments: COUSCOURAS Andréas; VALSAMIS, Spyros and KNAEPEN, David Jean · published on 30-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Liminate Wemmel | €30,040 | -€1,472 | -5.2% | - |
| WOUTHENTIC Tienen | €26,281 | -€2,521 | -69.7% | - |
| DT RENOVE Kraainem | €35,145 | -€13,940 | 17.2% | - |
| M.D.I.Electricity Seraing | €28,886 | -€939 | 79.7% | - |
| ARTIZ-ELEC Anderlecht | €32,263 | -€3,403 | 47.2% | - |
| DGMV CONSTRUCT Huy | €33,469 | -€4,379 | -30.9% | - |
| HenLuMar Lights Saint-Hubert | €35,312 | -€243 | 5.0% | - |
These companies have the same main activity as Liminate: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €26,300 and €35,300, founded in 2022.
Official details
Source: KBO- Status
- Active since 28-06-2022Normal situation
- Registered office
- 17 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- General electrical installation workNACE 43211and 3 others
- Establishment unit
- 2.332.802.6861780 Wemmel, since 01-07-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 03-11-2025
Annual accounts 2025
- €30,040▼ 8.3%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on Liminate
Liminate files the micro format. That format states no turnover. The gross margin fell from €4,940 in 2022 to -€1,472 in 2025.
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 Liminate
- What is the company number of Liminate?
- The company number of Liminate is 0787.743.829. The VAT number is the same number with BE in front: BE 0787.743.829.
- Where is Liminate based?
- The registered office is at Koningin Astridlaan 59A, 1780 Wemmel.Company details
- What does Liminate do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of Liminate?
- Liminate is a private limited company (BV).
- When was Liminate founded?
- Liminate was founded on 28-06-2022.
- Is Liminate still active?
- Yes, Liminate is an active enterprise in the KBO register.
- What is the turnover of Liminate?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Liminate profitable?
- In financial year 2025, Liminate made a loss of €2,201.
- Where can I find the annual accounts of Liminate?
- Liminate filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Liminate due?
- Liminate must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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