ASM Electric Force
ActiveSummary
The computed 12-month bankruptcy probability of ASM Electric Force is 2.0% (moderate). The 2025 annual accounts show equity of €160,890 and a net result of €145,472. Equity is growing by ~497.9% per year across the filed fiscal years. Its solvency ranks better than 56% of 7940 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+30
Solvency74▲+18
Growth85=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.88 against 0.78 in 2024; short-term debt: 51% and cash: 0.4% of total assets), but 51% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 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
49%
Return on assets
44.3%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
30 d early
2024
30 d early
2023
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
Turnover
€678,571▲ 160%
2023 · €260,634
EBIT margin
1.9%▼ 1.5pp
2023 · 3.4%
Net result
€145,472▲ 1,702%
2024 · €8,075
Working capital
€148,053
2024 · -€7,663
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Turnover€260,634-€678,571▲ 160%
Operating result€8,805-€12,754▲ 44.9%€194,536▲ 1,425%
Net result€6,843within the sector's middle half-€8,075within the sector's middle half▲ 18.0%€145,472above the sector's middle half▲ 1,702%
EBIT margin3.4%-1.9%▼ 1.5pp
Equity€7,343below the sector's middle half-€15,418below the sector's middle half▲ 110%€160,890within the sector's middle half▲ 944%
Total assets€30,705below the sector's middle half-€49,800below the sector's middle half▲ 62.2%€328,397within the sector's middle half▲ 559%
Debt€23,362-€34,382▲ 47.2%€167,507▲ 387%
Working capital-€10,558below the sector's middle half--€7,663below the sector's middle half▲ 27.4%€148,053within the sector's middle half
Solvency23.9%within the sector's middle half-31.0%within the sector's middle half▲ 7.0pp49.0%within the sector's middle half▲ 18.0pp
Current ratio0.55below the sector's middle half-0.78below the sector's middle half▲ 0.231.88within the sector's middle half▲ 1.11
Return on assets (ROA)22.3%above the sector's middle half-16.2%above the sector's middle half▼ 6.1pp44.3%above the sector's middle half▲ 28.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2025 Net result +1,702% on 2024. This fiscal year ran 17 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 1,425% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €328,397
Fixed assets
€12,838 ▼ 44.4%
Current assets
€315,559 ▲ 1,081%
Equity and liabilities €328,397
Equity
€160,890 ▲ 944%
Debt
€167,507 ▲ 387%
Debt's share of the balance-sheet total falls from 69.0% to 51.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€208,416▲
2024 · €20,351
Cash flow
€159,353▲
2024 · €15,671
Quick ratio
1.85▲
2024 · 0.78
Debt to equity
1.04▼
2024 · 2.23
ROE
90.4%▲
2024 · 52.4%
Interest coverage
56.12▲
2024 · 12.81
Debt ≤ 1 year
€167,507▲
2024 · €34,382
Income taxes
€45,397▲
2024 · €3,091
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,338 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% | 1.9% |
| 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 39,278 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €260,634 | €678,571 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €247,243 | €656,790 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,181 | €7,597 | €13,880 | ▲ 82.7% |
| Other operating charges640/8 | €405 | €1,431 | €3,410 | ▲ 138% |
| Gross operating margin9900 | €13,390 | €21,781 | €211,826 | ▲ 873% |
| Operating profit (loss)9901 | €8,805 | €12,754 | €194,536 | ▲ 1,425% |
| Financial income75/76B | - | - | €47 | - |
| Recurring financial income75 | - | - | €47 | - |
| Financial charges65/66B | €73 | €1,588 | €3,714 | ▲ 134% |
| Recurring financial charges65 | €73 | €1,588 | €3,714 | ▲ 134% |
| Profit (loss) for the period before taxes9903 | €8,732 | €11,166 | €190,869 | ▲ 1,609% |
| Income taxes67/77 | €1,889 | €3,091 | €45,397 | ▲ 1,369% |
| Profit (loss) for the period9904 | €6,843 | €8,075 | €145,472 | ▲ 1,702% |
| Profit (loss) for the period to be appropriated9905 | €6,843 | €8,075 | €145,472 | ▲ 1,702% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €30,705 | €49,800 | €328,397 | ▲ 559% |
| Fixed assets21/28 | €17,901 | €23,081 | €12,838 | ▼ 44.4% |
| Tangible fixed assets22/27 | €16,341 | €21,521 | €11,278 | ▼ 47.6% |
| Plant, machinery and equipment23 | - | €2,936 | €2,614 | ▼ 11.0% |
| Furniture and vehicles24 | €16,341 | €18,585 | €8,663 | ▼ 53.4% |
| Financial fixed assets28 | €1,560 | €1,560 | €1,560 | = |
| Current assets29/58 | €12,804 | €26,719 | €315,559 | ▲ 1,081% |
| Stocks and contracts in progress3 | - | - | €5,000 | - |
| Stocks30/36 | - | - | €5,000 | - |
| Amounts receivable within one year40/41 | €8,572 | €6,103 | €305,057 | ▲ 4,898% |
| Trade receivables40 | €1,985 | - | €159,969 | - |
| Other amounts receivable41 | €6,587 | €6,103 | €145,088 | ▲ 2,277% |
| Cash at bank and in hand54/58 | €4,232 | €20,616 | €1,169 | ▼ 94.3% |
| Deferred charges and accrued income490/1 | - | - | €4,333 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €30,705 | €49,800 | €328,397 | ▲ 559% |
| Equity10/15 | €7,343 | €15,418 | €160,890 | ▲ 944% |
| Contributions10/11 | €500 | €500 | €500 | = |
| Profit (loss) carried forward14 | €6,843 | €14,918 | €160,390 | ▲ 975% |
| Amounts payable17/49 | €23,362 | €34,382 | €167,507 | ▲ 387% |
| Amounts payable within one year42/48 | €23,362 | €34,382 | €167,507 | ▲ 387% |
| Trade debts44 | €9,477 | €22,147 | €160,303 | ▲ 624% |
| Suppliers440/4 | €9,477 | €22,147 | €160,303 | ▲ 624% |
| Taxes, remuneration and social security45 | €13,885 | €12,235 | €7,204 | ▼ 41.1% |
| Taxes450/3 | €3,260 | €4,899 | €7,204 | ▲ 47.1% |
| Remuneration and social security454/9 | €10,625 | €7,336 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,843 | €8,075 | €145,472 | ▲ 1,702% |
| + Depreciation and write-downs630 | €4,181 | €7,597 | €13,880 | ▲ 82.7% |
| Operating cash flow (approximation) | €11,024 | €15,671 | €159,353 | ▲ 917% |
| Investment in fixed assets (approximation) | - | -€12,777 | -€3,637 | ▲ 71.5% |
| Change in cash | - | €16,384 | -€19,447 | ▼ 219% |
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
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2023net €145,472 ▲1,702%
Operating result €194,536, net result €145,472, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.88
Current ratio from 0.78 to 1.88.
31-12
Financial
Equity above €150,000Eq €160,890 ▲944%
3 profitable years in a row build equity to €160,890.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Grimbergen · 1 establishment unit since 2022
Ground area
3,594 m²
Building footprint
397 m²
Volume, LiDAR
6,573 m³
Parcel 23084A0605/00D000, Flanders · tallest building 24.8 m, ±7 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ASM Electric Force
since 20222.336.363.081
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0605/00D000 | Flanders | 3,594 m² | 1 · 397 m² | 24.8 m · 7 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,014 EUR awarded · 1,014 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,014 EUR | 1,014 EUR |
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Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,543 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
Founded08-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
81220Other building cleaning and industrial cleaning
43230Insulation installation
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0790604042
Also
9925:BE0790604042
Registered
24-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.