Losses
-€19,482 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
ASL MANAGEMENT
Lifetime
8 annual accounts with figures on one time axispeak €7,383 (2022)
-€226▲ €84
lowest -€26,894 (2018)
-€6,723▲ €70
peak €51,975 (2022)
€32,493▼ 17.1%
€21,374▲ 31.7%
Board6 names since 2017
1 directorRICHELLE Denis Henri Joseph Patrice Ghislain
Owners2 names in the annual accounts
Documentsfilings and deeds
23-06-202638 days before the deadline
2025micro format
Gross margin from -€311 to -€226Loss of €6,723Equity from €39,216 to €32,493Debts from €16,232 to €21,374
Key points
from the 2025 annual accountsFilings
8 annual accounts 1 late
The 2022 accounts came 16 days late. The other seven were filed on time.
Position in the sector
-€6,723
Lower net result than 83% of companies in advertising and market research. Sector median €14,764 · 8,615 companies.
Checked score
90
Excellent
Financially stronger than 43% of micro companies in advertising and market research (NACE 73)
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: 0.2% across 11,230 companies (NACE 73, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.4%▲ +0.1 percentage points vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.3 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.1%▼ -0.2 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Loss of €6,723, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 2.05, cash €23,727
Sector: Advertising, market research and public relations activities (NACE 73)
Size: total assets €53,867
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 73, micro). It does better than 58% of them on solvency, 73% on liquidity, 14% on profitability and 26% 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 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, 3,591 companies had the same profile as ASL MANAGEMENT has now. Each dot stands for 9 companies, two years later.
87.3%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ASL MANAGEMENT itself is lower: 0.1% within 12 months. It rests on far more data about ASL MANAGEMENT than the profile alone.
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 3,591 companies, not a prediction for ASL MANAGEMENT. 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 €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.05 (2.44 in 2024), above the usual 1.5. Short-term debt is 39.7% and cash 44% of total assets. 39.7% 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
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€6,723
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 23-06-2026, 38 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
38 days early
2024
13 days early
2023
26 days early
2022
16 days late
2021
18 days early
2020
on the day
2019
1 day 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 11 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 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 12 July (3 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
RD
RICHELLE Denis Henri Joseph Patrice Ghislain
Director, since 27-10-2021
- BDO Management CVBA consolidatesannual accounts 30-09-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0678475210
Company renamed from BDO VALUANCE to ASL MANAGEMENT
Resignations: VANDENBROECK Johan, STREEL Alexandre, ROBERT Yves and PFK-VMB bedrijfsrevisoren (statutory auditor) · RICHELLE Denis Henri Joseph Patrice Ghislain holds all the shares · 100 shares · General meeting of 27-10-2021 · Gazette deed
Registered office moved from Zaventem to Dolembreux
New registered office: rue de la Pêcherie 22, 4140 Dolembreux · Previous registered office: Da Vincilaan 9, The Corporate Village, Elsinore Building E.6, 1930 Zaventem · Resignations: VANDENBROECK Johan, STREEL Alexandre, ROBERT Yves and PFK-VMB bedrijfsrevisoren (statutory auditor) · Gazette deed
Registered office moved from Ixelles to Zaventem
New registered office: Da Vincilaan 9, The Corporate Village, Elsinore Building E.6, 1930 Zaventem · Previous registered office: Louizalaan 326 bus 30, 1050 Elsene · Reappointment: PFK-VMB Bedrijfsrevisoren (statutory auditor) · General meeting of 29-03-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ASL MANAGEMENT Sprimont | €53,867 | -€226 | 60.3% | - |
| CHRISTOPHE DEGIVE Spa | €46,907 | -€9,920 | 49.3% | - |
| High Performance Leadership Leuven | €55,660 | -€2,205 | 25.5% | - |
| Eirené Consulting Sint-Gillis (bij-Brussel) | €49,401 | -€9,267 | 94.5% | - |
| OSLI CONSULTING Woluwe-Saint-Pierre | €54,718 | -€8,185 | 95.6% | - |
| Anima Mechelen | €56,516 | -€37,688 | 43.8% | - |
| ASSILIO Walhain | €62,126 | -€11,852 | 71.0% | - |
These companies have the same main activity as ASL MANAGEMENT: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €46,900 and €62,100, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 11-07-2017Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 2 others
- Establishment unit
- 2.269.701.8124140 Sprimont, since 11-07-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 04-12-2025
Annual accounts 2025
- €53,867▼ 2.9%
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on ASL MANAGEMENT
ASL MANAGEMENT files the micro format. That format states no turnover. The gross margin fell from €2,837 in 2021 to -€226 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 ASL MANAGEMENT
- What is the company number of ASL MANAGEMENT?
- The company number of ASL MANAGEMENT is 0678.475.210. The VAT number is the same number with BE in front: BE 0678.475.210.
- Where is ASL MANAGEMENT based?
- The registered office is at Rue de la Pêcherie 22, 4140 Sprimont.Company details
- What does ASL MANAGEMENT do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of ASL MANAGEMENT?
- ASL MANAGEMENT is a private limited company (BV).
- When was ASL MANAGEMENT founded?
- ASL MANAGEMENT was founded on 11-07-2017.
- Is ASL MANAGEMENT still active?
- Yes, ASL MANAGEMENT is an active enterprise in the KBO register.
- What is the turnover of ASL MANAGEMENT?
- The annual accounts for financial year 2025 state no turnover. In financial year 2020 turnover was €1.2m.Financials
- Is ASL MANAGEMENT profitable?
- In financial year 2025, ASL MANAGEMENT made a loss of €6,723.
- Where can I find the annual accounts of ASL MANAGEMENT?
- ASL MANAGEMENT filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ASL MANAGEMENT due?
- ASL MANAGEMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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