ASM CONSTRUCTION
ActiveThe file of ASM CONSTRUCTION contains 1 historical bankruptcy publication, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 2.1% (moderate). The 2024 annual accounts show equity of €1.69M and a net result of €-72k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 42% of 36375 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability32▲+3
Solvency65▼-1
Growth52=
Track record85
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days only on tighter terms
Liquidity ample (current ratio 4.41 against 0.96 in 2023; short-term debt: 6.7% and cash: 0% of total assets), but 60.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.6%
Return on assets
-1.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-72k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
30 d late
2022
77 d late
2021
31 d late
2020
88 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-72k▲ 59.3%
2023 · €-176k
Working capital
€970k
2023 · €-50k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-12k▲ 96.3%€122k€-133k€-81k▲ 38.9%€95k
Net result€-52k▲ 87.2%€984€-138k€-176k▼ 27.8%€-72k▲ 59.3%
Equity€2.07M▲ 87.0%€2.08M=€1.94M▼ 6.7%€1.76M▼ 9.1%€1.69M▼ 4.1%
Total assets€4.69M▲ 17.2%€4.41M▼ 5.9%€4.44M▲ 0.6%€4.35M▼ 2.1%€4.27M▼ 1.8%
Debt€2.60M▼ 3.8%€2.26M▼ 13.0%€2.43M▲ 7.4%€2.52M▲ 3.6%€2.52M=
Working capital€-888k▼ 12.4%€-529k▲ 40.5%€165k€-50k€970k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €95k after a loss of €81k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.27M
Fixed assets
€3.02M ▼ 2.9%
Current assets
€1.25M ▲ 0.9%
Equity and liabilities €4.27M
Equity
€1.69M ▼ 4.1%
Provisions
€62k ▼ 8.2%
Debt
€2.52M =
Debt's share of the balance-sheet total rises from 58.0% to 59.0%. Equity is lower.
Key figures and ratios
EBITDA
€184k▲
2023 · €179k
Cash flow
€17k▼
2023 · €84k
Current ratio
4.41▲
2023 · 0.96
Quick ratio
1.25▲
2023 · 0.31
Debt to equity
1.49▲
2023 · 1.43
ROE
-4.3%▲
2023 · -10.0%
ROA
-1.7%▲
2023 · -4.1%
Interest coverage
1.86▲
2023 · 1.81
Debt ≤ 1 year
€285k▼
2023 · €1.29M
Debt > 1 year
€2.22M▲
2023 · €1.23M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €182k | €258k | €260k | €260k | €89k | ▼ 66.0% |
| Other operating charges640/8 | - | €998 | €20k | €16k | €21k | ▲ 34.1% |
| Non-recurring operating charges66A | - | €7k | €0 | - | - | - |
| Gross operating margin9900 | €196k | €389k | €146k | €195k | €205k | ▲ 5.2% |
| Operating profit (loss)9901 | €-12k | €122k | €-133k | €-81k | €95k | ▲ 217% |
| Financial income75/76B | - | €2k | €18k | €8k | €7k | ▼ 11.6% |
| Recurring financial income75 | €17k | €2k | €18k | €8k | €7k | ▼ 11.6% |
| Financial charges65/66B | - | €60k | €58k | €99k | €180k | ▲ 81.9% |
| Recurring financial charges65 | €77k | €60k | €58k | €99k | €99k | ▲ 0.2% |
| Non-recurring financial charges66B | - | - | - | - | €81k | - |
| Profit (loss) for the period before taxes9903 | €-71k | €64k | €-173k | €-172k | €-77k | ▲ 55.0% |
| Transfer from deferred taxes780 | - | €625 | €8k | €4k | €5k | ▲ 34.9% |
| Transfer to deferred taxes680 | - | €64k | €5k | - | - | - |
| Income taxes67/77 | €155k | €454 | €-33k | €9k | - | - |
| Profit (loss) for the period9904 | €-52k | €984 | €-138k | €-176k | €-72k | ▲ 59.3% |
| Transfer from tax-exempt reserves789 | - | €2k | €23k | €12k | €16k | ▲ 34.9% |
| Transfer to tax-exempt reserves689 | - | €191k | €16k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €470k | €-188k | €-131k | €-164k | €-55k | ▲ 66.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.69M | €4.41M | €4.44M | €4.35M | €4.27M | ▼ 1.8% |
| Fixed assets21/28 | €3.87M | €3.43M | €3.19M | €3.10M | €3.02M | ▼ 2.9% |
| Tangible fixed assets22/27 | €3.87M | €3.43M | €3.19M | €3.10M | €3.02M | ▼ 2.9% |
| Land and buildings22 | - | €3.43M | €3.19M | €3.10M | €3.01M | ▼ 2.8% |
| Furniture and vehicles24 | - | - | - | €855 | €619 | ▼ 27.6% |
| Leasing and similar rights25 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €820k | €985k | €1.25M | €1.24M | €1.25M | ▲ 0.9% |
| Amounts receivable after more than one year29 | - | €338k | €313k | €280k | €280k | = |
| Other amounts receivable291 | - | €338k | €313k | €280k | €280k | = |
| Stocks and contracts in progress3 | €436k | €621k | €808k | €839k | €899k | ▲ 7.2% |
| Stocks30/36 | - | €621k | €808k | €839k | €899k | ▲ 7.2% |
| Amounts receivable within one year40/41 | €121k | €12k | €101k | €95k | €40k | ▼ 58.2% |
| Trade receivables40 | - | €11k | €98k | - | - | - |
| Other amounts receivable41 | - | €645 | €3k | €95k | €40k | ▼ 58.2% |
| Cash at bank and in hand54/58 | €8k | €13k | €6k | €3k | €559 | ▼ 79.7% |
| Deferred charges and accrued income490/1 | - | €2k | €19k | €27k | €36k | ▲ 30.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.69M | €4.41M | €4.44M | €4.35M | €4.27M | ▼ 1.8% |
| Equity10/15 | €2.07M | €2.08M | €1.94M | €1.76M | €1.69M | ▼ 4.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Revaluation surpluses12 | - | €2.16M | €2.16M | €2.16M | €2.16M | = |
| Reserves13 | €32k | €221k | €215k | €202k | €186k | ▼ 8.1% |
| Non-distributable reserves130/1 | - | €620 | €620 | €620 | €620 | = |
| Reserves not available under the articles1311 | - | €620 | €620 | €620 | €620 | = |
| Tax-exempt reserves132 | - | €221k | €214k | €202k | €185k | ▼ 8.2% |
| Profit (loss) carried forward14 | €-140k | €-328k | €-459k | €-623k | €-679k | ▼ 8.9% |
| Provisions and deferred taxes16 | €11k | €74k | €71k | €67k | €62k | ▼ 8.2% |
| Deferred taxes168 | - | €74k | €71k | €67k | €62k | ▼ 8.2% |
| Amounts payable17/49 | €2.60M | €2.26M | €2.43M | €2.52M | €2.52M | = |
| Amounts payable after more than one year17 | €875k | €735k | €1.35M | €1.23M | €2.22M | ▲ 80.8% |
| Financial debts170/4 | - | €735k | €1.35M | €1.23M | €1.81M | ▲ 47.9% |
| Other amounts payable178/9 | - | - | - | - | €403k | - |
| Amounts payable within one year42/48 | €1.71M | €1.51M | €1.08M | €1.29M | €285k | ▼ 78.0% |
| Current portion of amounts payable after more than one year42 | - | €62k | €126k | €130k | €110k | ▼ 15.1% |
| Financial debts43 | - | €1.00M | €500k | €538k | €95k | ▼ 82.3% |
| Credit institutions430/8 | - | €1.00M | €500k | €538k | €95k | ▼ 82.3% |
| Trade debts44 | €147k | €27k | €97k | €152k | €47k | ▼ 68.7% |
| Suppliers440/4 | - | €27k | €97k | €152k | €47k | ▼ 68.7% |
| Taxes, remuneration and social security45 | - | €151k | €35k | €26k | €21k | ▼ 20.1% |
| Taxes450/3 | - | €151k | €35k | €26k | €21k | ▼ 20.1% |
| Other amounts payable47/48 | - | €275k | €323k | €448k | €11k | ▼ 97.5% |
| Accrued charges and deferred income492/3 | - | €15k | €0 | - | €18k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-52k | €984 | €-138k | €-176k | €-72k | ▲ 59.3% |
| + Depreciation and write-downs630 | €182k | €258k | €260k | €260k | €89k | ▼ 66.0% |
| Operating cash flow (approximation) | €131k | €259k | €122k | €84k | €17k | ▼ 80.0% |
| Investment in fixed assets (approximation) | - | €182k | €-27k | €-170k | €0 | ▲ 100% |
| Change in cash | - | €5k | €-7k | €-3k | €-2k | ▲ 32.2% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 5current ratio 4.41
Current ratio from 0.96 to 4.41; short-term debt falls from €1.29M to €285k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 77 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Back to profitnet €984
Net result €984 after 2 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 88 days late
2020
31-12
Financial
Equity above €2MEq €2.07M ▲87%
Equity rises from €1.11M to €2.07M.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet €-403k
Net result drops to €-403k, the lowest in the series; recovery starts the following year.
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 83 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 62 days late
Show earlier events
2017
15-12
Bankruptcy
Bankruptcy reversal
rechtbank van koophandel Brussel
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Ukkel · 2 establishment units since 2002
Ground area
723 m²
Building footprint
769 m²
Volume, LiDAR
6,038 m³
3 parcels, Brussels · tallest building 16.5 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
2 establishment units
BRICO BASCULE
since 20022.094.651.058
BRICO BASCULE
since 20052.148.058.268
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0001/00W047 | Brussels | 338 m² | 1 · 340 m² | 16.5 m · 1 fl. |
| 21612C0004/00V048 | Brussels | 272 m² | 1 · 359 m² | 13.4 m · 2 fl. |
| 21612C0001/00K060 | Brussels | 113 m² | 1 · 69 m² | 13.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 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 9,534 companies in sector 43222 we hold annual accounts for 5,664. 2,302 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
Founded23-11-2001
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.