ASMARA
ActiveASMARA has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-210k) and a net result of €-15k. Equity is shrinking by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 1281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
18
/ 100
Critical▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+13
Solvency33=
Growth58=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.13 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-181.3%
Return on assets
-12.9%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€210k
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 02-06-2026, 59 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
59 d early
2024
14 d late
2023
5 d late
2022
45 d early
2021
30 d early
2020
59 d early
2019
46 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-210k▼ 7.7%
2024 · €-195k
2018: €-11k
2019: €-41k
2020: €-77k
2021: €-110k
2022: €-142k
2023: €-186k
2024: €-195k
2018 → 2025
Total assets
€116k▲ 1.3%
2024 · €114k
2018: €72k
2019: €96k
2020: €125k
2021: €117k
2022: €149k
2023: €129k
2024: €114k
2018 → 2025
Net result
€-15k▼ 66.3%
2024 · €-9k
2018: €-22k
2019: €-29k
2020: €-36k
2021: €-34k
2022: €-32k
2023: €-44k
2024: €-9k
2018 → 2025
Working capital
€-102k▼ 10.5%
2024 · €-92k
2018: €-58k
2019: €-44k
2020: €-69k
2021: €-71k
2022: €-92k
2023: €-100k
2024: €-92k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-110k-€-142k▼ 28.7%€-186k▼ 31.3%€-195k▼ 4.8%€-210k▼ 7.7%
Operating result€-32k-€-31k▲ 5.8%€-44k▼ 42.7%€-8k▲ 81.7%€-14k▼ 77.2%
Net result€-34k-€-32k▲ 6.1%€-44k▼ 40.3%€-9k▲ 79.8%€-15k▼ 66.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €8k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116k
Fixed assets
€103k▲ 1.7%
Current assets
€13k▼ 1.7%
Key figures and ratios
EBITDA
€13k▼
2024 · €15k
Cash flow
€13k▼
2024 · €14k
Solvency
-181.3%▼
2024 · -170.6%
Current ratio
0.11▼
2024 · 0.13
Quick ratio
0.11▼
2024 · 0.13
Debt / equity
-1.55▲
2024 · -1.59
ROE
7.1%▲
2024 · 4.6%
ROA
-12.9%▼
2024 · -7.9%
Interest coverage
15.49▲
2024 · 13.99
Debt
€326k▲
2024 · €310k
Debt ≤ 1 year
€115k▲
2024 · €106k
Debt > 1 year
€211k▲
2024 · €204k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€114k€116k▲
Fixed assets21/28€101k€103k▲
Intangible fixed assets21€703€243▼
Tangible fixed assets22/27€100k€103k▲
Plant, machinery and equipment23€21k€17k▼
Furniture and vehicles24€3k€25k▲
Other tangible fixed assets26€77k€60k▼
Current assets29/58€13k€13k▼
Amounts receivable within one year40/41€867€1k▲
Trade receivables40€810€775▼
Other amounts receivable41€57€558▲
Cash at bank and in hand54/58€12k€11k▼
Deferred charges and accrued income490/1€545€423▼
Equity and liabilities
Total equity and liabilities10/49€114k€116k▲
Equity10/15€-195k€-210k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-214k€-229k▼
Amounts payable17/49€310k€326k▲
Amounts payable after more than one year17€204k€211k▲
Financial debts170/4€8k-
Other amounts payable178/9€196k€211k▲
Amounts payable within one year42/48€106k€115k▲
Current portion of amounts payable after more than one year42€10k€8k▼
Trade debts44€732€448▼
Suppliers440/4€732€448▼
Taxes, remuneration and social security45€353-
Taxes450/3€353-
Other amounts payable47/48€94k€107k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€27k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€17k€15k▼
Operating profit (loss)9901€-8k€-14k▼
Financial income75/76B€49€44▼
Recurring financial income75€49€44▼
Financial charges65/66B€1k€863▼
Recurring financial charges65€1k€863▼
Profit (loss) for the period before taxes9903€-9k€-15k▼
Profit (loss) for the period9904€-9k€-15k▼
Profit (loss) for the period to be appropriated9905€-9k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-214k€-229k▼
Profit (loss) brought forward from the previous period14P€-205k€-214k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Maasmechelen · 1 establishment unit since 2016
Ground area
757 m²
Building footprint
263 m²
Volume, LiDAR
1,615 m³
Parcel 73048B1152/00B000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ASMARA
since 20162.259.294.405
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048B1152/00B000 | Flanders | 757 m² | 1 · 263 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,383 companies in sector 55100 we hold annual accounts for 1,507. 497 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-10-2016
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
55204Guest rooms (bed and breakfast)
86909Human health activities
86995Nutrition and dietetics services
96040Personal service activities
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.