Equity
€32.9m ▲ 205%
Equity rose in 2025: capital increase.
ASM Belgium
Lifetime
20 annual accounts with figures on one time axis, 26 filings since 2000peak €33.5m (2025)
€33.5m▲ 7.6%
peak €2.3m (2024)
€1.1m▼ 53.2%
peak €32.9m (2025)
€32.9m▲ 205%
€10.9m▼ 52.2%
peak 92.3 FTE (2025)
92.3 FTE▲ 16.2%
Board12 names since 2016
5 directorsMei Mei Lynette Song and 4 others
Owners3 names in the annual accounts
100%ASM Netherlands Holding BV and 1 other
Documentsfilings and deeds
31-07-2026on the last day
2025financial year
Result from €2.3m to €1.1mStaff from 79.4 FTE to 92.3 FTECapital increase of €21,000,000 to €21,062,500 12-05Equity from €10.8m to €32.9mDebts from €22.9m to €10.9m
Key points
from the 2025 annual accountsPayment terms
100 days to suppliers
ASM Belgium pays its suppliers 68 days earlier than in 2024. Customers pay 26 days earlier.
Liquidity
2.63 was 0.38 in 2024
Short-term debts fell from €22.8m to €7.2m.
Filings
26 annual accounts since 2000
Three of the last ten came late. The 2024 accounts came latest: 252 days after the end of the period.
At the same address
29 companies
Board
2 joined · 2 left
Board changed. Latest change 29-07-2026 · 3 in office.
Checked score
91
Excellent
Financially stronger than 79% of medium-sized companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 166 companies (NACE 71, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.5%▲ +0.1 percentage points vs 08-2025
10-2025: 0.8%▲ +0.3 percentage points vs 09-2025
11-2025: 0.9%▲ +0.1 percentage points vs 10-2025
12-2025: 1.0%▲ +0.1 percentage points vs 11-2025
01-2026: 1.4%▲ +0.4 percentage points vs 12-2025highest value
02-2026: 1.4%● unchanged vs 01-2026highest value
03-2026: 1.4%● unchanged vs 02-2026highest value
04-2026: 1.3%▼ -0.1 percentage points vs 03-2026
05-2026: 0.7%▼ -0.6 percentage points vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.2%▼ -0.5 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 2.63, cash €0
1 of the last 3 accounts late
lowers risk
Size: turnover €33.5m, 92.3 FTE, total assets €43.8m
Equity €32.9m (75.0% of total assets)
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 71, medium-sized). It does better than 94% of them on solvency, 53% on liquidity, 87% on profitability and 82% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 1,887 companies had the same profile as ASM Belgium has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of ASM Belgium itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,448 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 1,887 companies, not a prediction for ASM Belgium. 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 €2,950,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.63 (0.38 in 2024), above the usual 1.5. Short-term debt is 16.5% and cash 0% of total assets. 25% 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 riskneutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
252 days late
2023
28 days late
2022
29 days late
2021
31 days early
2020
43 days early
2019
8 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 32 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% 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 29 August (4 of the last 5 accounts filed within 60 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ASM Netherlands Holding BV 100%annual accounts 2025
- ASM Europe BV consolidatesannual accounts 2020
- ASM International NV 0%annual accounts 2025
Recent changes
1 statutory auditor appointed, 1 director appointed, 1 resignation, 1 resignation
Resignations: KPMG Bedrijfsrevisoren BV (statutory auditor) and Julien Arcamone (managing director) · Appointments: EY Bedrijfsrevisoren BV (statutory auditor) and Jan Sonsky (managing director) · Gazette deed
1 director appointed, 1 resignation, 1 reappointment
Reappointment: Daniele Piumi · Resignation: Mei Mei Song · Appointment: Judith Eva Koning · General meeting of 06-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0468489808
Capital increase of €21,000,000 to €21,062,500
Capital from €62,500 to €21,062,500, 840,000 new shares · General meeting of 06-05-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ASM Belgium Leuven | €33.5m | 5.7% | 75.0% | 92.3 |
| Exosens Imaging Belgium Leuven | €29.7m | -4.7% | 14.5% | 67.7 |
| SPACE APPLICATIONS SERVICES Zaventem | €22.2m | 6.6% | 34.0% | 91.3 |
| AZO Antwerp | €46.4m | 14.0% | 32.1% | 129.8 |
| ASEPTIC TECHNOLOGIES Gembloux | €30.4m | 21.6% | 77.4% | 61.4 |
| GEO.XYZ Zwevegem | €71.5m | 4.1% | 29.8% | 97.8 |
| LASER ENGINEERING APPLICATIONS Seraing | €15.1m | -23.7% | 46.5% | 75.8 |
Grey: the largest companies of the sector (architecture and engineering (NACE 71)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ASM Belgium: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €32m and €66m, founded between 1987 and 2002.
Official details
Source: KBO- Status
- Active since 21-12-1999Normal situation
- Registered office
- 30 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.099.296.9623001 Leuven, since 21-01-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 08-08-2025
Annual accounts 2025
- €43.8m▲ 30.1%
- Employeeson 31-12-2025
- 98
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on ASM Belgium
ASM Belgium has existed since 1999. Turnover grew from €4.7m in 2006 to €33.5m in 2025 and staff from 25.1 to 92.3 full-time equivalents.
Turnover has grown every year since 2017. Solvency rose in 2025 from 32.0% to 75.0% because of the retained profit and a capital increase and lower debts.
ASM Netherlands Holding BV holds all the shares. In July 2026, the Official Gazette published the appointment of Jan Sonsky as managing director.
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 ASM Belgium
- What is the company number of ASM Belgium?
- The company number of ASM Belgium is 0468.489.808. The VAT number is the same number with BE in front: BE 0468.489.808.
- Where is ASM Belgium based?
- The registered office is at Kapeldreef 75, 3001 Leuven.Company details
- What does ASM Belgium do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of ASM Belgium?
- ASM Belgium is a public limited company (NV).
- When was ASM Belgium founded?
- ASM Belgium was founded on 21-12-1999.
- Is ASM Belgium still active?
- Yes, ASM Belgium is an active enterprise in the KBO register.
- How many employees does ASM Belgium have?
- ASM Belgium had an average of 92.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ASM Belgium fall under?
- In its 2025 annual accounts, ASM Belgium states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of ASM Belgium?
- The turnover of ASM Belgium was €33.5m in financial year 2025, according to the filed annual accounts.
- Is ASM Belgium profitable?
- In financial year 2025, ASM Belgium made a profit of €1.1m.
- Where can I find the annual accounts of ASM Belgium?
- ASM Belgium filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ASM Belgium due?
- ASM Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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