ASL
ActiveSummary
ASL has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.36M and a net result of €233k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-23
Solvency90▼-10
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity short (current ratio 0.45 against 1.62 in 2024; short-term debt: 34% and cash: 0.7% of total assets), and 35.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64.9%
Return on assets
6.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
125 d early
2022
29 d late
2021
18 d early
2020
47 d early
2019
50 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€6k
EBIT margin
5619.2%
Net result
€233k▼ 78.5%
2024 · €1.08M
2018: €229k
2019: €265k▲ +15.7% vs 2018
2020: €746k▲ +182% vs 2019
2021: €3.04M▲ +308% vs 2020highest in 8 years
2022: €197k▼ -93.5% vs 2021
2023: €-3k▼ -101% vs 2022lowest in 8 years
2024: €1.08M▲ +38727% vs 2023
2025: €233k▼ -78.5% vs 2024
2018 → 2025
Working capital
€-682k
2024 · €312k
2018: €-644k
2019: €-429k▲ +33.4% vs 2018
2020: €-525k▼ -22.5% vs 2019
2021: €2.43M▲ +563% vs 2020highest in 8 years
2022: €1.40M▼ -42.4% vs 2021
2023: €196k▼ -86.0% vs 2022
2024: €312k▲ +59.5% vs 2023
2025: €-682k▼ -318% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€6k
Equity€4.86M-€3.80M▼ 21.8%€2.60M▼ 31.7%€2.93M▲ 12.9%€2.36M▼ 19.3%
2021: €4.86Mhighest in 5 years
2022: €3.80M▼ -21.8% vs 2021
2023: €2.60M▼ -31.7% vs 2022
2024: €2.93M▲ +12.9% vs 2023
2025: €2.36M▼ -19.3% vs 2024lowest in 5 years
Operating result€-33k-€-14k▲ 58.6%€-2k▲ 83.3%€334k€344k▲ 3.2%
2021: €-33klowest in 5 years
2022: €-14k▲ +58.6% vs 2021
2023: €-2k▲ +83.3% vs 2022
2024: €334k▲ +14859% vs 2023
2025: €344k▲ +3.2% vs 2024highest in 5 years
Net result€3.04M-€197k▼ 93.5%€-3k€1.08M€233k▼ 78.5%
2021: €3.04Mhighest in 5 years
2022: €197k▼ -93.5% vs 2021
2023: €-3k▼ -101% vs 2022lowest in 5 years
2024: €1.08M▲ +38727% vs 2023
2025: €233k▼ -78.5% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.64M
Fixed assets
€3.08M ▲ 16.2%
Current assets
€555k ▼ 31.9%
Equity and liabilities €3.64M
Equity
€2.36M ▼ 19.3%
Debt
€1.28M ▲ 136%
Debt's share of the balance-sheet total rises from 15.6% to 35.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€450k▲
2024 · €434k
Cash flow
€339k▼
2024 · €1.18M
Current ratio
0.45▼
2024 · 1.62
Debt to equity
0.54▲
2024 · 0.18
ROE
9.9%▼
2024 · 37.0%
ROA
6.4%▼
2024 · 31.2%
Interest coverage
115.00▼
2024 · 2121.26
Debt ≤ 1 year
€1.24M▲
2024 · €502k
Income taxes
€107k▲
2024 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.47M€3.64M▲
Fixed assets21/28€2.66M€3.08M▲
Tangible fixed assets22/27€2.66M€3.08M▲
Land and buildings22€2.66M€3.08M▲
Financial fixed assets28€0-
Affiliated companies280/1€0-
Participating interests280€0-
Current assets29/58€815k€555k▼
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€806k€526k▼
Trade receivables40€12k€18k▲
Other amounts receivable41€794k€508k▼
Cash at bank and in hand54/58€6k€26k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€3.47M€3.64M▲
Equity10/15€2.93M€2.36M▼
Contributions10/11€20k€20k=
Reserves13€2.91M€2.34M▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2.91M€2.34M▼
Profit (loss) carried forward14-€0
Amounts payable17/49€540k€1.28M▲
Amounts payable within one year42/48€502k€1.24M▲
Financial debts43-€400k
Credit institutions430/8-€400k
Trade debts44€934€8k▲
Suppliers440/4€934€8k▲
Taxes, remuneration and social security45€1k€29k▲
Taxes450/3€1k€29k▲
Other amounts payable47/48€500k€800k▲
Accrued charges and deferred income492/3€38k€40k▲
Income statement
Code20242025
Operating income70/76A€491k-
Turnover70€6k-
Other operating income74€485k-
Operating charges60/66A€158k-
Services and other goods61€19k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100k€106k▲
Other operating charges640/8€38k€40k▲
Gross operating margin9900-€490k
Operating profit (loss)9901€334k€344k▲
Financial income75/76B€783k€0▼
Recurring financial income75€783k€0▼
Income from financial fixed assets750€783k-
Other financial income752/9€3-
Financial charges65/66B€929€4k▲
Recurring financial charges65€929€4k▲
Debt charges650€204-
Other financial charges652/9€724-
Profit (loss) for the period before taxes9903€1.12M€340k▼
Income taxes67/77€31k€107k▲
Taxes670/3€31k-
Profit (loss) for the period9904€1.08M€233k▼
Profit (loss) for the period to be appropriated9905€1.08M€233k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.08M€233k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€750k€567k▼
From reserves792€750k-
Transfer to equity691/2€1.08M€0▼
To other reserves6921€1.08M€0▼
Profit to be distributed694/7€750k€800k▲
Return on contributions (dividend)694€750k€800k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €491k | - | - |
| Turnover70 | - | - | - | €6k | - | - |
| Other operating income74 | - | - | - | €485k | - | - |
| Operating charges60/66A | - | - | - | €158k | - | - |
| Services and other goods61 | - | - | - | €19k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | - | - | €100k | €106k | ▲ 6.0% |
| Other operating charges640/8 | €2k | €1k | €960 | €38k | €40k | ▲ 4.2% |
| Non-recurring operating charges66A | - | - | €0 | - | - | - |
| Gross operating margin9900 | €-16k | €-12k | €-1k | - | €490k | - |
| Operating profit (loss)9901 | €-33k | €-14k | €-2k | €334k | €344k | ▲ 3.2% |
| Financial income75/76B | €3.12M | €224k | €0 | €783k | €0 | ▼ 100% |
| Recurring financial income75 | €215k | €224k | €0 | €783k | €0 | ▼ 100% |
| Income from financial fixed assets750 | - | - | - | €783k | - | - |
| Other financial income752/9 | - | - | - | €3 | - | - |
| Non-recurring financial income76B | €2.90M | - | - | - | - | - |
| Financial charges65/66B | €2k | €13k | €545 | €929 | €4k | ▲ 322% |
| Recurring financial charges65 | €2k | €272 | €545 | €929 | €4k | ▲ 322% |
| Debt charges650 | - | - | - | €204 | - | - |
| Other financial charges652/9 | - | - | - | €724 | - | - |
| Non-recurring financial charges66B | - | €13k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €3.08M | €198k | €-3k | €1.12M | €340k | ▼ 69.5% |
| Income taxes67/77 | €38k | €482 | €0 | €31k | €107k | ▲ 242% |
| Taxes670/3 | - | - | - | €31k | - | - |
| Profit (loss) for the period9904 | €3.04M | €197k | €-3k | €1.08M | €233k | ▼ 78.5% |
| Profit (loss) for the period to be appropriated9905 | €3.04M | €197k | €-3k | €1.08M | €233k | ▼ 78.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.86M | €3.80M | €3.04M | €3.47M | €3.64M | ▲ 4.9% |
| Fixed assets21/28 | €2.43M | €2.40M | €2.40M | €2.66M | €3.08M | ▲ 16.2% |
| Tangible fixed assets22/27 | €28k | - | - | €2.66M | €3.08M | ▲ 16.2% |
| Land and buildings22 | - | - | - | €2.66M | €3.08M | ▲ 16.2% |
| Furniture and vehicles24 | €28k | - | - | - | - | - |
| Financial fixed assets28 | €2.40M | €2.40M | €2.40M | €0 | - | - |
| Affiliated companies280/1 | - | - | - | €0 | - | - |
| Participating interests280 | - | - | - | €0 | - | - |
| Current assets29/58 | €2.43M | €1.40M | €644k | €815k | €555k | ▼ 31.9% |
| Stocks and contracts in progress3 | - | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | €615k | €89k | €643k | €806k | €526k | ▼ 34.8% |
| Trade receivables40 | - | - | - | €12k | €18k | ▲ 45.5% |
| Other amounts receivable41 | €615k | €89k | €643k | €794k | €508k | ▼ 36.0% |
| Cash at bank and in hand54/58 | €1.82M | €1.31M | €963 | €6k | €26k | ▲ 351% |
| Deferred charges and accrued income490/1 | €151 | - | - | €3k | €3k | ▲ 0.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.86M | €3.80M | €3.04M | €3.47M | €3.64M | ▲ 4.9% |
| Equity10/15 | €4.86M | €3.80M | €2.60M | €2.93M | €2.36M | ▼ 19.3% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €4.84M | €524k | €2.58M | €2.91M | €2.34M | ▼ 19.5% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | €4.84M | €522k | €2.57M | €2.91M | €2.34M | ▼ 19.5% |
| Profit (loss) carried forward14 | - | €3.25M | €0 | - | €0 | - |
| Amounts payable17/49 | €1k | €1k | €449k | €540k | €1.28M | ▲ 136% |
| Amounts payable within one year42/48 | €1k | €1k | €449k | €502k | €1.24M | ▲ 146% |
| Financial debts43 | - | - | - | - | €400k | - |
| Credit institutions430/8 | - | - | - | - | €400k | - |
| Trade debts44 | €1k | €1k | €4k | €934 | €8k | ▲ 746% |
| Suppliers440/4 | €1k | €1k | €4k | €934 | €8k | ▲ 746% |
| Taxes, remuneration and social security45 | - | - | - | €1k | €29k | ▲ 1,955% |
| Taxes450/3 | - | - | - | €1k | €29k | ▲ 1,955% |
| Other amounts payable47/48 | - | - | €445k | €500k | €800k | ▲ 60.0% |
| Accrued charges and deferred income492/3 | - | - | - | €38k | €40k | ▲ 4.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.04M | €197k | €-3k | €1.08M | €233k | ▼ 78.5% |
| + Depreciation and write-downs630 | €14k | - | - | €100k | €106k | ▲ 6.0% |
| Operating cash flow (approximation) | €3.06M | €197k | €-3k | €1.18M | €339k | ▼ 71.4% |
| Investment in fixed assets (approximation) | - | €28k | €0 | €-355k | €-535k | ▼ 50.7% |
| Change in cash | - | €-505k | €-1.31M | €5k | €20k | ▲ 321% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Back to profitnet €1.08M
Net result €1.08M after one loss-making year.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €3.04M ▲308%
Net result €3.04M, the highest in the series.
31-12
Financial
Liquidity times 4159current ratio 2063.69
Current ratio from 0.50 to 2063.69; short-term debt falls from €1.04M to €1k.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Leuven · 1 establishment unit since 2008
Ground area
1,410 m²
Building footprint
347 m²
Volume, LiDAR
4,883 m³
Parcel 24502B0963/00X000, Flanders · tallest building 20.2 m, ±5 floors. Linked by address, not a title deed.
22
companies at this address
See who is registered here
1 establishment unit
ASL
since 20082.167.752.535
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0963/00X000 | Flanders | 1,410 m² | 1 · 347 m² | 20.2 m · 5 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,476 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
Founded11-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.