ASM BELGIUM
ActiveSummary
ASM BELGIUM has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €766,107 and a net result of €734,683. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 1205 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+6
Solvency71▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 2.22 against 2.5 in 2023; short-term debt: 37.6% and cash: 21.5% of total assets), but 54.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
45.6%
Return on assets
43.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 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
not confirmed
2024
58 d late
2023
122 d late
2022
64 d late
2021
60 d late
2020
60 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 76 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€734,683▲ 78.6%
2023 · €411,428
Working capital
€772,406▼ 26.0%
2023 · €1.0m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€61,891▼ 36.9%€194,969▲ 215%€23,734▼ 87.8%€561,403▲ 2,265%€1.0m▲ 82.6%
Net result€36,552within the sector's middle half▼ 43.2%€143,132within the sector's middle half▲ 292%€12,135within the sector's middle half▼ 91.5%€411,428above the sector's middle half▲ 3,290%€734,683above the sector's middle half▲ 78.6%
Equity€509,724within the sector's middle half▲ 7.7%€652,856within the sector's middle half▲ 28.1%€664,991within the sector's middle half▲ 1.9%€1.1mwithin the sector's middle half▲ 61.9%€766,107within the sector's middle half▼ 28.8%
Total assets€999,702within the sector's middle half▲ 45.8%€1.3mwithin the sector's middle half▲ 27.7%€1.3mwithin the sector's middle half▲ 2.9%€2.1mwithin the sector's middle half▲ 56.4%€1.7mwithin the sector's middle half▼ 18.2%
Debt€489,978▲ 131%€624,071▲ 27.4%€649,154▲ 4.0%€978,589▲ 50.7%€914,754▼ 6.5%
Working capital€478,987within the sector's middle half▲ 6.6%€570,832within the sector's middle half▲ 19.2%€595,847within the sector's middle half▲ 4.4%€1.0mabove the sector's middle half▲ 75.3%€772,406within the sector's middle half▼ 26.0%
Solvency51.0%within the sector's middle half▼ 18.0pp51.1%within the sector's middle half▲ 0.1pp50.6%within the sector's middle half▼ 0.5pp52.4%within the sector's middle half▲ 1.8pp45.6%within the sector's middle half▼ 6.8pp
Current ratio1.98within the sector's middle half▼ 1.161.92within the sector's middle half▼ 0.061.92within the sector's middle half=2.50within the sector's middle half▲ 0.582.22within the sector's middle half▼ 0.28
Return on assets (ROA)3.7%within the sector's middle half▼ 5.7pp11.2%above the sector's middle half▲ 7.6pp0.9%within the sector's middle half▼ 10.3pp20.0%above the sector's middle half▲ 19.1pp43.7%above the sector's middle half▲ 23.7pp
Staff (FTE)20above the sector's middle half▲ 50.4%17within the sector's middle half▼ 15.0%20.8above the sector's middle half▲ 22.4%32.9above the sector's middle half▲ 58.2%48.1above the sector's middle half▲ 46.2%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 83% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.7m
Fixed assets
€275,743 ▼ 12.1%
Current assets
€1.4m ▼ 19.3%
Equity and liabilities €1.7m
Equity
€766,107 ▼ 28.8%
Debt
€914,754 ▼ 6.5%
Debt's share of the balance-sheet total rises from 47.6% to 54.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1.1m▲
2023 · €602,269
Cash flow
€790,721▲
2023 · €452,294
Debt to equity
1.19▲
2023 · 0.91
ROE
95.9%▲
2023 · 38.2%
Interest coverage
47.81▼
2023 · 71.40
Debt ≤ 1 year
€632,711▼
2023 · €696,725
Income taxes
€267,981▲
2023 · €141,709
Staff costs
€2.2m▲
2023 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €683,078 | €960,041 | €1.5m | €2.2m | ▲ 44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,708 | €13,862 | €27,266 | €40,865 | €56,038 | ▲ 37.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €11,719 | €1,650 | €21,655 | ▲ 1,212% |
| Other operating charges640/8 | - | €2,289 | €1,225 | €1,004 | €28,370 | ▲ 2,727% |
| Gross operating margin9900 | €895,846 | €894,198 | €1.0m | €2.1m | €3.3m | ▲ 56.9% |
| Operating profit (loss)9901 | €61,891 | €194,969 | €23,734 | €561,403 | €1.0m | ▲ 82.6% |
| Financial income75/76B | - | €447 | €642 | €169 | €1 | ▼ 99.3% |
| Recurring financial income75 | €143 | €447 | €642 | €169 | €1 | ▼ 99.3% |
| Financial charges65/66B | - | €1,458 | €1,330 | €8,435 | €22,616 | ▲ 168% |
| Recurring financial charges65 | €4,783 | €1,458 | €1,330 | €8,435 | €22,616 | ▲ 168% |
| Profit (loss) for the period before taxes9903 | €57,252 | €193,957 | €23,047 | €553,138 | €1.0m | ▲ 81.3% |
| Income taxes67/77 | €20,700 | €50,826 | €10,911 | €141,709 | €267,981 | ▲ 89.1% |
| Profit (loss) for the period9904 | €36,552 | €143,132 | €12,135 | €411,428 | €734,683 | ▲ 78.6% |
| Profit (loss) for the period to be appropriated9905 | €36,552 | €143,132 | €12,135 | €411,428 | €734,683 | ▲ 78.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €999,702 | €1.3m | €1.3m | €2.1m | €1.7m | ▼ 18.2% |
| Fixed assets21/28 | €33,737 | €85,023 | €69,145 | €313,847 | €275,743 | ▼ 12.1% |
| Intangible fixed assets21 | €1,607 | €17,120 | €11,078 | €5,035 | - | - |
| Tangible fixed assets22/27 | €16,680 | €52,454 | €42,617 | €226,777 | €197,533 | ▼ 12.9% |
| Plant, machinery and equipment23 | - | - | - | €6,672 | €5,895 | ▼ 11.7% |
| Furniture and vehicles24 | - | €45,402 | €36,106 | €70,802 | €51,649 | ▼ 27.1% |
| Other tangible fixed assets26 | - | €7,052 | €6,511 | €149,303 | €139,989 | ▼ 6.2% |
| Financial fixed assets28 | €15,450 | €15,450 | €15,450 | €82,035 | €78,211 | ▼ 4.7% |
| Current assets29/58 | €965,965 | €1.2m | €1.2m | €1.7m | €1.4m | ▼ 19.3% |
| Amounts receivable within one year40/41 | €731,301 | €1.0m | €1.1m | €1.6m | €1.0m | ▼ 34.8% |
| Trade receivables40 | - | €971,506 | €1.0m | €542,104 | €922,974 | ▲ 70.3% |
| Other amounts receivable41 | - | €56,068 | €64,159 | €1.0m | €88,939 | ▼ 91.2% |
| Cash at bank and in hand54/58 | €229,625 | €159,822 | €163,940 | €179,993 | €360,572 | ▲ 100% |
| Deferred charges and accrued income490/1 | - | €4,507 | €5,589 | €9,007 | €32,632 | ▲ 262% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €999,702 | €1.3m | €1.3m | €2.1m | €1.7m | ▼ 18.2% |
| Equity10/15 | €509,724 | €652,856 | €664,991 | €1.1m | €766,107 | ▼ 28.8% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €489,600 | €632,600 | €644,600 | €1.1m | €746,107 | ▼ 29.3% |
| Distributable reserves133 | - | €632,600 | €644,600 | €1.1m | €746,107 | ▼ 29.3% |
| Profit (loss) carried forward14 | €124 | €256 | €391 | €419 | - | - |
| Amounts payable17/49 | €489,978 | €624,071 | €649,154 | €978,589 | €914,754 | ▼ 6.5% |
| Amounts payable within one year42/48 | €486,978 | €621,071 | €649,154 | €696,725 | €632,711 | ▼ 9.2% |
| Financial debts43 | - | €2,781 | €4,561 | €1,422 | €1,075 | ▼ 24.4% |
| Credit institutions430/8 | - | €2,781 | €4,561 | €1,422 | €1,075 | ▼ 24.4% |
| Trade debts44 | €224,589 | €431,218 | €387,792 | €421,042 | €136,716 | ▼ 67.5% |
| Suppliers440/4 | - | €431,218 | €387,792 | €421,042 | €136,716 | ▼ 67.5% |
| Taxes, remuneration and social security45 | - | €157,028 | €225,905 | €223,676 | €493,829 | ▲ 121% |
| Taxes450/3 | - | €112,138 | €99,961 | €90,389 | €228,356 | ▲ 153% |
| Remuneration and social security454/9 | - | €44,889 | €125,944 | €133,286 | €265,473 | ▲ 99.2% |
| Other amounts payable47/48 | - | €30,043 | €30,896 | €50,586 | €1,091 | ▼ 97.8% |
| Accrued charges and deferred income492/3 | - | €3,000 | - | €281,864 | €282,042 | ▲ 0.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,552 | €143,132 | €12,135 | €411,428 | €734,683 | ▲ 78.6% |
| + Depreciation and write-downs630 | €8,708 | €13,862 | €27,266 | €40,865 | €56,038 | ▲ 37.1% |
| Operating cash flow (approximation) | €45,259 | €156,994 | €39,401 | €452,294 | €790,721 | ▲ 74.8% |
| Investment in fixed assets (approximation) | - | -€65,149 | -€11,387 | -€285,568 | -€17,934 | ▲ 93.7% |
| Change in cash | - | -€69,803 | €4,118 | €16,053 | €180,578 | ▲ 1,025% |
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
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 58 days late
2024
31-12
Financial
Highest result since 2018net €734,683 ▲78.6%
Operating result €1.0m, net result €734,683, both a record.
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 122 days late
2023
31-12
Financial
Equity above €1mEq €1.1m ▲61.9%
6 profitable years in a row build equity to €1.1m.
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 64 days late
2022
31-12
Financial
Weakest financial yearnet €12,135 ▼91.5%
Net result drops to €12,135, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 60 days late
2020
31-12
Financial
Equity above €500,000Eq €509,724 ▲7.7%
3 profitable years in a row build equity to €509,724.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
28-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2001
Ground area
2,191 m²
Building footprint
1,949 m²
Volume, LiDAR
47,226 m³
2 parcels, Brussels · tallest building 45.6 m, ±8 floors. Linked by address, not a title deed.
157
companies at this address
See who is registered here
1 establishment unit
Auguste Reyerslaan 120, 1030 Schaarbeek
since 20012.094.422.317
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0224/00S007 | Brussels | 1,833 m² | 1 · 1,831 m² | 45.6 m · 8 fl. |
| 21911C0140/00S009 | Brussels | 358 m² | 1 · 118 m² | 23.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,494 companies in this sector we hold annual accounts for 9,420. 5,070 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded20-04-2001
Fiscal year end31-12
Activities, NACEBEL 2025
82200Office administrative, office support and other business support activities
82990Other business support services
Contact
Phone
026409409Schaarbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474630007
Registered
26-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.