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ASMO

Active Private limited company (pre-2019)founded 2011active for 15 yearsAbdijstraat 106, 2020 AntwerpKBO/BCE: BE 0838.716.339

Overview

Lifetime

13 annual accounts with figures on one time axis
peak €46,286 (2020)
€36,999▲ 102%
lowest -€33,285 (2018)
€11,680▲ 12.9%
peak €28,383 (2016)
-€23,486▲ €11,680
€139,787▲ 0.8%
Board4 names since 2015
1 directorASSEM Adnan
Documentsfilings and deeds
30-09-202561 days late
2024micro format
Gross margin from €18,302 to €36,9991 director appointed, 2 resignations 23-09Resignation: AL BADAOUI Ouarda (director) 11-01Equity from -€35,166 to -€23,486Cash from €24,545 to €79,118

Key points

from the 2024 annual accounts

Equity

-€23,486
201920202021202220232024

Debts exceed assets in financial year 2024.

Debts

€139,787 120% of the balance sheet
Suppliers 17%Taxes and wages 17%Other 66%

Filings

13 annual accounts 103 days past the deadline
AprilJune31 JulyOctober20152020

2025 accounts not filed: deadline was 31-07-2026.

Checked score

55
Fair
Financially stronger than 48% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%

Negative equity caps the score at 59.

Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 6.6%highest value 01-2025: 1.8%▼ -4.8 percentage points vs 12-2024 02-2025: 1.8%● unchanged vs 01-2025 03-2025: 1.8%● unchanged vs 02-2025 04-2025: 1.8%● unchanged vs 03-2025 05-2025: 1.7%▼ -0.1 percentage points vs 04-2025 06-2025: 1.6%▼ -0.1 percentage points vs 05-2025 07-2025: 1.5%▼ -0.1 percentage points vs 06-2025 08-2025: 1.8%▲ +0.3 percentage points vs 07-2025 09-2025: 2.0%▲ +0.2 percentage points vs 08-2025 10-2025: 2.2%▲ +0.2 percentage points vs 09-2025 11-2025: 0.9%▼ -1.3 percentage points vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.8%▼ -0.1 percentage points vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.7%▼ -0.1 percentage points vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026lowest value 08-2026: 0.9%▲ +0.2 percentage points vs 07-2026 09-2026: 1.1%▲ +0.2 percentage points vs 08-2026 10-2026: 1.2%▲ +0.1 percentage points vs 09-2026 11-2026: 1.2%● unchanged vs 10-2026

Financial strength
Weak

5+5equity -20.2% of total assets
50+20short-term debt 120.2% · cash 68.0%
63-18return on assets 10.0%

Score breakdown

raises risk
Capped at 59: negative equity
1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 07-10-2025)
lowers risk
Liquidity: current ratio 0.83, cash €79,118
Founded in 2011
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 47, micro). It does better than 14% of them on solvency, 52% on liquidity, 44% on profitability and 81% 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 31-12-2024.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 3,632 companies had the same profile as ASMO has now. Each dot stands for 10 companies, two years later.

91.9%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
  • Micro
  • 10 to 20 years old
  • negative equity
  • a profit of 5% of the balance sheet or more

Another 0.4% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of ASMO itself: 1.2% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3,632 companies, not a prediction for ASMO. 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

No credit on open account

Liquidity is insufficient, with a current ratio of 0.83 (0.75 in 2023), below 1. Short-term debt is 120.2% and cash 68% of total assets. Equity is negative.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
lowers risk · Liquidity: current ratio 0.83, cash €79,118
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Founded in 2011
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Figures for financial year 2024 (filed on 07-10-2025)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 25554 sector peers (2024).
NBB · sector comparison
Position among 25554 sector peers
Solvency
better than 16%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 61 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
61 days late
2023
152 days late
2022
475 days late
2021
153 days late
2020
150 days late
2019
153 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 191 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

AA
Director, since 01-01-2024
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0838716339
1 director appointed, 2 resignations Resignations: ASSEM Mohammed and ASSEM Mostapha · Appointment: ASSEM Adnan · General meeting of 31-03-2024 · Gazette deed
Resignation: AL BADAOUI Ouarda (director) General meeting of 26-10-2022 · Gazette deed
First establishment Abdijstraat 106, Antwerp
All 23 events

Comparable companies

same main activity, similar in size and age
Company
ASMO Antwerp €116,302 €36,999 -20.2% -
BERLINETTA S Bornem €126,608 €24,843 80.4% -
LA BOYA Damme €118,408 €27,916 71.6% -
MT@WORK Sint-Pieters-Leeuw €106,316 €37,775 -39.1% 0.6
SHOES IN THE STREET Schaerbeek €85,327 €32,602 67.1% -
SF AGENCY Boechout €95,143 €51,062 43.1% -
KANNIKIEZE Heist-op-den-Berg €83,998 €24,575 35.4% -

These companies have the same main activity as ASMO: retail sale of footwear (NACE 47721). They are comparable in size and age: total assets between €84,000 and €127,000, founded between 2008 and 2015.

Official details

Source: KBO
Status
Active since 23-08-2011Normal situation
Activity
Retail sale of footwearNACE 47721
Joint committees
109Clothing and garment industry
201Independent retail · annual accounts 2024
Establishment unit
2.204.661.5302020 Antwerp, since 01-01-2012
Financial year end
31 December
Peppol
Reachable since 21-12-2025
Company details

Annual accounts 2024

€36,999▲ 102%
≈ €180,000estimated
€11,680▲ 12.9%
-€23,486▲ 33.2%
€116,302▲ 12.4%
Employeeson 31-12-2024
1▼ 50.0%
Filing
Filed on 30-09-2025
Financials

Insights on ASMO

ASMO files the micro format. That format states no turnover. The gross margin rose from -€18,919 in 2012 to €36,999 in 2024.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2024

micro format, filed on 30-09-2025, 61 days late

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 11 November 2026.

€36,999
▲ 102%
€11,889
▲ 12.7%
-
-
-20.2%
▲ 13.8 percentage points
0.83
▲ 0.09

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €180,000. Estimated: probably between €96,000 and €320,000.

Money flows

no detail for 2024

Balance sheet

balance sheet total €116,302 on 31-12-2024
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

-20.2%

Higher than 16% of 25,554 companies in 2024.

0.83

Higher than 24% of 24,614 companies in 2024.

10.0%

Higher than 70% of 24,783 companies in 2024.

ASMO Middle half of the sector 80% of the sector Micro accounts in retail trade (NACE 47)

Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter

Staff

€12,870

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2024202320222021202020192018201720162015201420132012
Balance sheet: assets
20/58 116,302103,48497,404110,331110,845100,346118,465118,699104,158103,46977,91850,35018,861
21/28 1851852,7255,2657,97210,76313,55416,92919,53522,811-1,4562,058
22/27 --2,5405,0807,78710,57813,36916,74419,53522,81126,0881,4561,942
23 --2,5405,0807,78710,57813,36916,74419,53522,32625,117--
24 ---------4869711,4561,942
28 185185185185185185185185----116
29/58 116,117103,29994,679105,066102,87389,584104,911101,77084,62380,65851,83048,89416,803
3 36,99971,50887,659101,85287,64084,56094,00094,00079,00078,00043,00025,00015,000
30/36 36,99971,50887,659101,85287,64084,56094,00094,00079,00078,00043,00025,00015,000
40/41 -7,246-4249,8001,2509,9414,9394,313-7,92812,032-
40 -7,246-4249,8001,2508,7384,7204,313-7,92811,491-
41 ------1,204220---541-
54/58 79,11824,5457,0212,7905,4333,7738121,0641,1516544711,032762
490/1 ------1581,7661582,0038558301,040
Balance sheet: equity and liabilities
10/49 116,302103,48497,404110,331110,845100,346118,465118,699104,158103,46977,91850,35018,861
10/15 -23,486-35,166-45,512-47,429-31,797-41,952-30,4702,81628,38320,8718,4927,461-4,017
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,600-18,60018,600
10 ----------18,600--
100 -----18,60018,60018,60018,60018,60018,60018,60018,600
13 751751751751751751751751751----
130 -------751751----
133 751751751751751751751------
14 -42,837-54,517-64,863-66,780-51,148-61,303-49,821-16,5369,0322,271-10,108-11,139-22,617
17/49 139,787138,650142,916157,760142,642142,298148,934115,88375,77582,59869,42642,88922,878
42/48 139,787138,650142,916157,760142,642142,298148,934115,88375,77582,59869,42642,88922,878
42 37,00037,00037,00037,00037,00037,00037,00037,00037,00037,00027,000--
44 23,8565,2164,2352,7804,0932,8236,962435-169-1,281907
440/4 23,8565,2164,2352,7804,0932,8236,962435-169-1,281907
45 23,64920,32611,83520,84526,28233,83616,22714,9437,8552,0453,6256,372557
450/3 14,05718,3053,3057,86011,85013,7004,2443,4667,4051,5953,1755,922557
454/9 9,5922,0218,53012,98514,43220,13511,98311,477450450450450-
47/48 55,28276,10889,84697,13575,26768,64088,74563,50530,92043,38438,80135,23621,414
Income statement
70 ----------94,90375,870-
9900 36,99918,3025,590-5,82446,28615,976-4,18517,46017,88616,6456,14912,891-18,919
60/61 ----------88,75462,979-
62 23,1664,371-4,24631,13223,33522,10726,644----1,389
630 -2,5402,5402,7072,7912,7913,3762,7913,2763,2763,276486537
640/8 1,9448399422,6381,6431,1873,41712,7912,5639161,7708151,106
66A -----------1-
9901 11,88910,5532,108-15,41610,720-11,336-33,085-24,76612,04712,4531,10311,590-21,951
75/76B 2-9-0-0-----42
75 2-9-0-0---1-42
65/66B 21120719921656514620180145873-111708
65 2112071992165651462018014587373111708
9903 11,68010,3461,917-15,63210,154-11,482-33,285-25,56711,59012,3801,03111,478-22,617
67/77 --------4,078----
9904 11,68010,3461,917-15,63210,154-11,482-33,285-25,5677,51212,3801,03111,478-22,617
9905 11,68010,3461,917-15,63210,154-11,482-33,285-25,5677,51212,3801,03111,478-22,617
Appropriation of the result
9906 -42,837-54,517-64,863-66,780-51,148-61,303-49,821-16,5369,7832,271-10,108-11,139-22,617
14P -54,517-64,863-66,780-51,148-------11,139--
691/2 --------751----
6920 --------751----
Social balance sheet
9087 1.81.4-1.1---------
Hours worked1013 1,233839-71--------28
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 30-09-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2024 micro format 30-09-2025 2025-00533053 PDF
31-12-2023 micro format 30-12-2024 2024-00626828 PDF
31-12-2022 micro format 17-11-2024 2024-00600940 PDF
31-12-2021 micro format 31-12-2022 2023-20552106 PDF
31-12-2020 micro format 28-12-2021 2021-82200428 PDF
31-12-2019 micro format 31-12-2020 2020-77700379 PDF
31-12-2018 micro format 15-10-2019 2019-70400487 PDF
31-12-2017 micro format 28-03-2019 2019-08900353 PDF
31-12-2016 micro format 21-09-2017 2017-62900031 PDF
31-12-2015 abbreviated format 23-09-2016 2016-61000576 PDF
31-12-2014 abbreviated format 01-11-2015 2015-66300292 PDF
31-12-2013 abbreviated format 24-10-2014 2014-65600420 PDF
31-12-2012 abbreviated format 15-12-2013 2013-69500102 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2024202320222021202020192018201720162015201420132012
-13,0934,648-12,70813,510-8,545-29,709-21,97615,32315,7294,37912,076-21,414
-12,8864,457-12,92512,945-8,691-29,910-22,77610,78815,6564,30711,964-22,080
-0000001850-127,908-1162,595
54,57317,5244,231-2,6431,6602,961-252-87497607-10,98510,270-
-23,671-35,351-48,237-52,694-39,769-52,715-44,023-14,1148,848-1,940-17,5966,005-6,075
----------1.2%15.3%-
-20.2%-34.0%-46.7%-43.0%-28.7%-41.8%-25.7%2.4%27.2%20.2%10.9%14.8%-21.3%
0.830.750.660.670.720.630.700.881.120.980.751.140.73
0.570.230.050.020.110.040.070.070.070.030.130.560.08
-------41.162.673.968.185.75-
--------908.0%26.5%59.3%12.1%153.8%-
10.0%10.0%2.0%-14.2%9.2%-11.4%-28.1%-21.5%7.2%12.0%1.3%22.8%-119.9%
-63.3423.31-58.71------59.99--
----------30 days55 days-
-----------7 days-

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202431-12-202331-12-2021
Employees at the balance-sheet date121
full-time--1
part-time12-
in full-time equivalents0.30.71
0.60.51.1
On a permanent contract121
Joined-11
Left-01

Source: social balance sheet in the 2021 to 2024 annual accounts

Insights on ASMO

The operating result for 2024 is 13% higher than in 2023 and the highest since 2016. It is the third rise in a row, after the fall in 2021.

Equity is negative. Debt (€139,787) exceeds the balance-sheet total (€116,302).

Board & ownership

Board

1 director, last change in 2024
Director
since 01-01-2024
listed in the 2024 annual accounts, filed on 30-09-2025

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
ASSEM Adnan
Director
BoardEarliermandate already running before its first mention
Mandates as a list
  • ASSEM Adnan
    • Director, since before 31-12-2023
  • ASSEM Mohammed
    • Director, until 31-03-2024
  • ASSEM Mostapha
    • Director, until 31-03-2024
  • AL BADAOUI Ouarda
    • Director, from 01-11-2015 to 31-12-2021

See the board, name and registered office on a given date →

Control

Capital

Contribution
€18,600
Source
2024 annual accounts

Network & group

No group

ASMO has no parent and no holdings in its annual accounts. ASSEM Adnan is the only director. ASMO shares no director with another company.

Timeline

Timeline

23 events since 2011
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0838716339
Annual accounts 2024 filed PDFmicro format · 61 days late
2024
Annual accounts 2023 filed PDFmicro format · 152 days late
Annual accounts 2022 filed PDFmicro format · 475 days late
1 director appointed, 2 resignationsResignations: ASSEM Mohammed and ASSEM Mostapha · Appointment: ASSEM Adnan · General meeting of 31-03-20244 points ▸

Open the deed in the Belgian Official Gazette

Resignation: AL BADAOUI Ouarda (director)General meeting of 26-10-20222 points ▸

Open the deed in the Belgian Official Gazette

2022
Back to profit net €1,917 The net result is €1,917, after one loss-making year.
Annual accounts 2021 filed PDFmicro format · 153 days late
2021
Annual accounts 2020 filed PDFmicro format · 150 days late
2020
Back to profit net €10,154 The net result is €10,154, after 3 loss-making years.
Annual accounts 2019 filed PDFmicro format · 153 days late
2019
Annual accounts 2018 filed PDFmicro format · 76 days late
Annual accounts 2017 filed PDFmicro format · 240 days late
2018
Weakest financial year net -€33,285 The net result drops to -€33,285, the lowest from 2012 to 2024. It recovers the following year.
2017
Annual accounts 2016 filed PDFmicro format · 52 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 54 days late
2015
Highest result from 2012 to 2024 net €12,380 ▲1,101% The operating result of €12,453 and the net result of €12,380 are both a record.
Annual accounts 2014 filed PDFabbreviated format · 93 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 85 days late
2013
Back to profit net €11,478 The net result is €11,478, after one loss-making year.
Annual accounts 2012 filed PDFabbreviated format · 137 days late
2012
First establishment Abdijstraat 106, Antwerp
2011
Incorporation PDFpublished on 25-08-2011

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 23 August 2011, ASMO was incorporated.1 Total assets went from €118,465 in 2018 to €116,302 in 2024 and headcount from 1.1 full-time equivalents in 2021 to 1.8 in 2024.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018, 2021 and 2024

Company details

Identity

Enterprise number
0838.716.339
VAT number
BE 0838.716.339
Peppol ID
0208:0838716339
Other Peppol ID
9925:BE0838716339
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
23-08-2011
Financial year
ends on 31 December
Peppol
Reachable since 21-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ASMO in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
VAT activities
47721 Retail sale of footwear main activity
Social security (RSZ) activities
47721 Retail sale of footwear main activity
Joint committees annual accounts 2024
JC 109 Clothing and garment industry
JC 201 Independent retail
Codes under NACEBEL 2008
VAT activities
47721 Retail trade main activity
Social security (RSZ) activities
47721 Retail trade main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Abdijstraat 106 registered office 2020 Antwerp 01-01-2012 2.204.661.530

Buildings and parcels at the address

Ground area
123 m²
Buildings
123 m²
Volume, LiDAR
907 m³
Tallest building
13.5 m
Buildings to scale, each on its own parcel
123 m², 13.4 m 123 m², 13.4 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
11809I2434/00P003123 m² 1 · 123 m² 13.4 m · 2