Equity
€2.4m ▼ 19.3%
ASL paid out €800,000 in dividends. That is 343% of the 2025 profit.
ASL
Lifetime
18 annual accounts with figures on one time axispeak €490,127 (2025)
€490,127
lowest -€2,807 (2023)
€233,277▼ 78.5%
peak €5.1m (2012)
€2.4m▼ 19.3%
€1.3m▲ 136%
peak 0.3 FTE (2016)
-not published
Board4 names since 2021
2 directorsDYLS and 1 other
Owners
100%DYLS
Documentsfilings and deeds
28-08-202628 days late
2025abbreviated format
Result from €1.1m to €233,277Dividend €800,000Equity from €2.9m to €2.4mDebts from €540,088 to €1.3mInvestments €535,255Cash from €5,781 to €26,076
Key points
from the 2025 annual accountsResult
€233,277 ▼ 78.5%
The result fell in 2025: merger with GARAGE DE BRANDT.
Debts
€1.3m ▲ 136%
Debts rose by €736,108 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€535,255 5.1 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 16.2% higher than in 2024.
Liquidity
0.45 was 1.62 in 2024
Short-term debts rose from €502,329 to €1.2m.
At the same address
21 companies
2025 accounts filed 28 days after the deadline
Checked score
94
Excellent
Financially stronger than 53% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 0.1%
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.2%▲ +0.1 percentage points vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.3 percentage points vs 07-2026highest value
09-2026: < 0.1%▼ -0.5 percentage points vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 0.45, cash €26,076
lowers risk
Size: total assets €3.6m
Figures for financial year 2025 (filed on 02-09-2026)
Founded in 2007
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 68, small). It does better than 78% of them on solvency, 29% on liquidity, 86% on profitability and 16% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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, 17,811 companies had the same profile as ASL has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of ASL itself: < 0.1% 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 17,811 companies, not a prediction for ASL. 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 €220,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.45 (1.62 in 2024), below 1. Short-term debt is 34% and cash 0.7% of total assets. 35.1% 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.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 days late
2024
28 days late
2023
125 days early
2022
29 days late
2021
18 days early
2020
47 days early
2019
50 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 28 August (4 of the last 5 accounts filed within 46 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0894379392
Merger: ASL takes over GARAGE DE BRANDT
Resignation: DYLS (director) · Appointments: DYLS (director) and ODELOU (director) · Permanent representative: Yves Puttemans · General meeting of 30-04-2024 · Gazette deed
Merger proposal: ASL takes over Garage De Brandt
The company holds all the shares of Garage De Brandt · Board meeting of 27-02-2024 · Gazette deed
Registered office moved to Leuven
New registered office: Naamsestraat 37 te 3000 Leuven · Resignations: Dirk Minnoye (director) and Marc Minnoye (director) · Appointment: NV Dyls (director) · General meeting of 13-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ASL Leuven | €3.6m | €490,127 | 64.9% | - |
| ZEMLIA Zaventem | €3.8m | €437,954 | 49.3% | - |
| DERINVEST Lommel | €3.9m | €498,341 | 32.0% | - |
| ALBES Hoogstraten | €4.2m | €472,656 | 14.1% | 0 |
| KIEVITPLEIN SHOPPING Brussels | €3.9m | €497,671 | 99.5% | - |
| WEYNE IMMO Kortemark | €3.8m | €402,869 | 14.6% | 1.2 |
| U.C.K. Namur | €4.0m | €415,481 | 19.7% | - |
These companies have the same main activity as ASL: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €3.8m and €4.2m, founded between 2005 and 2009.
Official details
Source: KBO- Status
- Active since 11-12-2007Normal situation
- Registered office
- 22 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.167.752.5353000 Leuven, since 16-01-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 11-06-2025
Insights on ASL
ASL files the abbreviated format. That format states no turnover. The gross margin rose from €190,000 in 2008 to €490,127 in 2025.
DYLS holds all the shares.
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 ASL
- What is the company number of ASL?
- The company number of ASL is 0894.379.392. The VAT number is the same number with BE in front: BE 0894.379.392.
- Where is ASL based?
- The registered office is at Naamsestraat 37, 3000 Leuven.Company details
- What does ASL do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of ASL?
- ASL is a private limited company (BV).
- When was ASL founded?
- ASL was founded on 11-12-2007.
- Is ASL still active?
- Yes, ASL is an active enterprise in the KBO register.
- What is the turnover of ASL?
- The turnover in financial year 2025 is ≈ €540,000. This figure is estimated from the gross margin of €490,127 and 39 comparable companies (NACE 68203). It probably lies between €510,000 and €680,000. In financial year 2024 turnover was €5,940.Financials
- Is ASL profitable?
- In financial year 2025, ASL made a profit of €233,277.
- Where can I find the annual accounts of ASL?
- ASL filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ASL due?
- ASL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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