Liminate
ActiveSummary
The computed 12-month bankruptcy probability of Liminate is 1.5% (moderate). The 2025 annual accounts show negative equity (-€1,556) and a net result of -€2,201. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 9% of 34,954 sector peers (NACE 43, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-06-2022 Normal situation
- Registered office
- 17 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- General electrical installation work NACE 43211and 3 others
- Establishment unit
- 2.332.802.686 1780 Wemmel, since 01-07-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 03-11-2025
Board and ownership
Board
- COUSCOURAS AndréasDirector · since 28-06-2022
- KNAEPEN, David JeanDirector · since 28-06-2022
- VALSAMIS, SpyrosDirector · since 28-06-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.5%
Annual accounts 2025
- Gross margin
- -€1,472
- Loss
- €2,201
- Equity
- -€1,556
- Total assets
- €30,040
- ▼ 8.3%
- Negative equity on 31-12-2025
Turnover not published (micro format)
Score breakdownraises riskCapped at 59: negative equity1 change of registered office in 24 monthsNegative equity -€1,556lowers riskLiquidity: current ratio 1.00, cash €17,068Figures for financial year 2025 (filed on 30-06-2026)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 16% of micro companies in specialised construction (NACE 43)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
20-7
equity -5.2% of total assets
Liquidity
50=
short-term debt 100.4% · cash 56.8%
Profitability
19-21
return on assets -7.3%
Bankruptcy probability within 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
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
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.
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 03-11-2026 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.
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).
Credit check for an amount and term of your choice
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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
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 4 filings
Equity
-€1,556
2024 · €645
Total assets
€30,040▼ 8.3%
2024 · €32,768
Net result
-€2,201
2024 · €276
Working capital
-€118
2024 · €2,035
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
-€1,891
2025
20222025
Net result
-€2,201
2025
lowest quarter of the sector
20222025
Equity
-€1,556
2025
lowest quarter of the sector
20222025
Total assets
€30,040
▼ 8.3%
2025
lowest quarter of the sector
20222025
Debt
€31,596
▼ 1.6%
2025
20222025
Working capital
-€118
2025
lowest quarter of the sector
20222025
Solvency
-5.2%
▼ 7.1pp
2025
lowest quarter of the sector
20222025
Current ratio
1.00
▼ 0.07
2025
lowest quarter of the sector
20222025
Return on assets (ROA)
-7.3%
▼ 8.2pp
2025
lowest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€4,512--€12,035€447-€1,891
Net result€3,559within the sector's middle half--€12,189below the sector's middle half€276within the sector's middle half-€2,201below the sector's middle half
Equity€12,559below the sector's middle half-€370below the sector's middle half▼ 97.1%€645below the sector's middle half▲ 74.6%-€1,556below the sector's middle half
Total assets€43,886below the sector's middle half-€30,746below the sector's middle half▼ 29.9%€32,768below the sector's middle half▲ 6.6%€30,040below the sector's middle half▼ 8.3%
Debt€31,327-€30,376▼ 3.0%€32,123▲ 5.7%€31,596▼ 1.6%
Working capital€13,843within the sector's middle half-€1,706below the sector's middle half▼ 87.7%€2,035below the sector's middle half▲ 19.3%-€118below the sector's middle half
Solvency28.6%within the sector's middle half-1.2%below the sector's middle half▼ 27.4pp2.0%below the sector's middle half▲ 0.8pp-5.2%below the sector's middle half▼ 7.1pp
Current ratio1.46within the sector's middle half-1.06below the sector's middle half▼ 0.401.07below the sector's middle half▲ 0.011.00below the sector's middle half▼ 0.07
Return on assets (ROA)8.1%within the sector's middle half--39.6%below the sector's middle half▼ 47.8pp0.8%within the sector's middle half▲ 40.5pp-7.3%below the sector's middle half▼ 8.2pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €1,891, after a profit of €447 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
Quick ratio
0.62▲
2024 · 0.57
Debt ≤ 1 year
€30,158▼
2024 · €30,733
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | €429 | €320 | €459 | €420 | ▼ 8.6% |
| Gross operating margin9900 | €4,940 | -€11,715 | €906 | -€1,472 | - |
| Operating profit (loss)9901 | €4,512 | -€12,035 | €447 | -€1,891 | - |
| Financial income75/76B | - | €97 | €0 | - | - |
| Recurring financial income75 | - | €97 | €0 | - | - |
| Financial charges65/66B | €63 | €251 | €172 | €310 | ▲ 80.8% |
| Recurring financial charges65 | €63 | €251 | €172 | €310 | ▲ 80.8% |
| Profit (loss) for the period before taxes9903 | €4,449 | -€12,189 | €276 | -€2,201 | - |
| Income taxes67/77 | €890 | €0 | - | - | - |
| Profit (loss) for the period9904 | €3,559 | -€12,189 | €276 | -€2,201 | - |
| Profit (loss) for the period to be appropriated9905 | €3,559 | -€12,189 | €276 | -€2,201 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €43,886 | €30,746 | €32,768 | €30,040 | ▼ 8.3% |
| Current assets29/58 | €43,886 | €30,746 | €32,768 | €30,040 | ▼ 8.3% |
| Stocks and contracts in progress3 | €3,523 | €15,260 | €15,260 | €11,237 | ▼ 26.4% |
| Stocks30/36 | €3,523 | €15,260 | €15,260 | €11,237 | ▼ 26.4% |
| Amounts receivable within one year40/41 | €20,359 | €1,384 | €2,133 | €1,735 | ▼ 18.7% |
| Trade receivables40 | €12,618 | €1,163 | €1,750 | €1,735 | ▼ 0.9% |
| Other amounts receivable41 | €7,740 | €220 | €383 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €18,313 | €14,102 | €15,204 | €17,068 | ▲ 12.3% |
| Deferred charges and accrued income490/1 | €1,691 | €0 | €172 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €43,886 | €30,746 | €32,768 | €30,040 | ▼ 8.3% |
| Equity10/15 | €12,559 | €370 | €645 | -€1,556 | - |
| Contributions10/11 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Profit (loss) carried forward14 | €3,559 | -€8,630 | -€8,355 | -€10,556 | ▼ 26.3% |
| Amounts payable17/49 | €31,327 | €30,376 | €32,123 | €31,596 | ▼ 1.6% |
| Amounts payable within one year42/48 | €30,043 | €29,040 | €30,733 | €30,158 | ▼ 1.9% |
| Trade debts44 | €29,154 | €29,040 | €30,733 | €29,919 | ▼ 2.6% |
| Suppliers440/4 | €29,154 | €29,040 | €30,733 | €29,919 | ▼ 2.6% |
| Taxes, remuneration and social security45 | €890 | €0 | - | €239 | - |
| Taxes450/3 | €890 | €0 | - | €239 | - |
| Accrued charges and deferred income492/3 | €1,284 | €1,336 | €1,390 | €1,438 | ▲ 3.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,559 | -€12,189 | €276 | -€2,201 | - |
| Operating cash flow (approximation) | €3,559 | -€12,189 | €276 | -€2,201 | - |
| Change in cash | - | -€4,211 | €1,101 | €1,864 | ▲ 69.3% |
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, 1,555 companies had the same profile as Liminate has now. Two years later, 91.6% were still going and 4.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
91.6%
was still going
3.6%
stopped otherwise
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 497,446 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 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.
Board & ownership
Directors
Directors
3 directors, no change since 2026
COUSCOURAS Andréas
Current
Director (not named in the articles) · since 28-06-2022 · term without a fixed end · also on the board of 2 other companies · listed in the 2025 annual accounts, filed on 30-06-2026
KNAEPEN, David Jean
Current
Director (not named in the articles) · since 28-06-2022 · listed in the 2025 annual accounts, filed on 30-06-2026
VALSAMIS, Spyros
Current
Director (not named in the articles) · since 28-06-2022 · earlier director, until 29-07-2026 · listed in the 2025 annual accounts, filed on 30-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 30-06-2022Owners and capital
Shareholders
At incorporation
act of 30-06-2022 ↗
- COUSCOURAS Andréas 3,000 shares (33.3%) · €3,000
- VALSAMIS, Spyros 3,000 shares (33.3%) · €3,000
- KNAEPEN, David Jean 3,000 shares (33.3%) · €3,000
Capital transactions
Capital over time
- 30-06-2022 Incorporation · €9,000 · 9,000 shares
Mandate history
4 people, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| COUSCOURAS Andréas |
|
| KNAEPEN, David Jean |
|
| VALSAMIS, Spyros |
|
| David Knaepen |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Kan op elk moment worden ontbonden, algemene vergadering beslissende in vormen vereist voor statutenwijziging”
Articles of association, deed of 30-06-2022 (in Dutch)
Network & group
Companies at the same address
16 other companies- CircuPUR Registered office · since 2026 1034192620
- Retexbel Registered office · since 2025 1028631946
- EniTech Registered office · since 2024 1016252271
- ROUND Registered office · since 2024 1008630051
- REMATICS Establishment · since 2023 1001753840
- BEHIND THE DOOR Registered office · since 2023 0797626050
- ANKA CARE Registered office · since 2022 0795309532
- EMMA CONSTRUCT Registered office · since 2022 0794848781
- PROJET CARRO Registered office · since 2022 0793989243
- Cars & Events Registered office · since 2022 0782900262
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
DIGI-LAB
via COUSCOURAS Andréas · Director (not named in the articles)
→
RENOVE&INVEST
via COUSCOURAS Andréas · Director (not named in the articles)
→
ANTHILL-Gest
via COUSCOURAS Andréas · Director
former→
SOS ROOF
via COUSCOURAS Andréas · Director
former→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
29-07
Gazette deed
Company renamed from ASK Services to LIMINATERegistered office moved within Wemmel · New seat: 1780 Wemmel, Koningin Astridlaan 59A · Previous seat: 1780 Wemmel, Koningin Astridlaan 5112 points ▸
Gazette deed
Company renamed from ASK Services to LIMINATE
Registered office moved within Wemmel · New seat: 1780 Wemmel, Koningin Astridlaan 59A · Previous seat: 1780 Wemmel, Koningin Astridlaan 5112 points ▸
- General meeting, 24-07-2026
- Name change, LIMINATE
- Registered-office move, 1780 Wemmel, Koningin Astridlaan 59A
- Other provision, “exemption from reading director's report, voorzitter vrijgesteld van voorlezing” (deed in Dutch)
- Purpose change
- Amendment of the articles, 1
- Amendment of the articles, 3
- Power of attorney
- Other provision, “mandate to coordinate statutes, coördinatie van de statuten op te maken en te ondertekenen” (deed in Dutch)
- Director resignation, Spyros Valsamis (director)
- Director resignation, David Knaepen (director)
- Other provision, “voting result, unanimiteit van stemmen” (deed in Dutch)
30-06
micro format · 31 days before the deadline
2025
17-06
micro format · 44 days before the deadline
2024
31-12
Financial
Back to profitnet €276
The net result is €276, after one loss-making year.
23-07
micro format · 8 days before the deadline
2023
31-12
Financial
Weakest financial yearnet -€12,189
The net result drops to -€12,189, the lowest from 2022 to 2025. It recovers the following year.
25-07
micro format · 6 days before the deadline
2022
30-06
Gazette deed
IncorporationStarting capital €9,000 · Appointments: COUSCOURAS Andréas, VALSAMIS, Spyros and KNAEPEN, David Jean · Permanent representative: COUSCOURAS Andréas · Founder21 points ▸
Gazette deed
Incorporation
Starting capital €9,000 · Appointments: COUSCOURAS Andréas, VALSAMIS, Spyros and KNAEPEN, David Jean · Permanent representative: COUSCOURAS Andréas · Founder21 points ▸
- Incorporation, “ASK Services” (deed in Dutch)
- Founder, COUSCOURAS Andréas
- Founder, VALSAMIS, Spyros
- Founder, KNAEPEN, David Jean
- Founding capital, €9,000
- COUSCOURAS Andréas holds 3,000 shares
- VALSAMIS, Spyros holds 3,000 shares
- KNAEPEN, David Jean holds 3,000 shares
- Bank account, “BE81.0019.3233.9424”, 9000 (deed in Dutch)
- Other provision, “faillissement binnen drie jaar na oprichting, financieel plan en oprichtersaansprakelijkheid” (deed in Dutch)
- Other provision, “bevestiging deponering overeenkomstig WVV”, 9000 (deed in Dutch)
- Capital
- The act holds 9 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Liminate in Dutch
Former name
ASK Services until 24-07-2026 · act of 29-07-2026
Enterprise number
0787.743.829
Legal form
Private limited company
Status
Active, normale toestand
Founded
28-06-2022
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 30-06-2022 (in Dutch)Name clauseThe company operates under this name according to its articles.
ASK Services
deed of 30-06-2022 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest, geen wijziging taalregime”
deed of 30-06-2022 (in Dutch)Registered office and establishments
Registered office
Koningin Astridlaan 59A, 1780 Wemmel, Belgium
Establishment unit
ASK Services, Koningin Astridlaan 51, 1780 Wemmel since 01-07-2022 · unit number 2.332.802.68658110 Book publishing
Activities
NACEBEL 202543211
General electrical installation work main activity
43240
Other construction installation
43990
Other specialised construction activities
47540
Retail sale of electrical household appliances
Codes under NACEBEL 2008
43211
Specialised construction activities main activity
43299
Specialised construction activities
43999
Specialised construction activities
47540
Retail trade
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 30-06-2022 (in Dutch)
“Ontwerpen, installatie, verkoop, verhuur, onderhoud en advieslverlening van zonnenpanelen, zonneboilers, gaswandketels en isolatie…”
4 activities
- Ontwerpen, installatie, verkoop, verhuur, onderhoud en advieslverlening van zonnenpanelen, zonneboilers, gaswandketels en isolatie.
- Ontwerpen, installatie, verkoop, verhuur, onderhoud en advieslverlening van fotovoltaïsche zonne-energie
- Ontwerpen, installatie, verkoop, verhuur en onderhoud van zwembaden, whirlpools, sauna's, infraroodcabines, stoombaden
- Import en export, groot- en kleinhandel en handelsbemiddeling van en in: zonnepanelen en zwembaden, whirlpools, sauna's, infraroodcabines, stoombaden,...
Invoicing and payment
VAT number
BE 0787.743.829
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0787.743.829
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 18:00
deed of 30-06-2022 (in Dutch)Sites & property
Location
Buildings and parcels at the addresses
Ground area
1.1 ha
Building footprint
3,986 m²
Building volume
32,179 m³
Tallest building: 15.3 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22662B0407/00D011 | Flanders | 6,201 m² | 1 · 1,886 m² | 15.3 m · 3 |
| 22662B0408/00C008 | Flanders | 4,917 m² | 1 · 2,100 m² | 8.8 m · 2 |