ASMR Concept
ActiveSummary
The computed 12-month bankruptcy probability of ASMR Concept is 1.7% (moderate). The 2025 annual accounts show equity of €9,187 and a net result of -€5,648. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 13% of 28281 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-68
Solvency33▼-25
Growth22▼-16
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.07 against 1.42 in 2024; short-term debt: 91.8% and cash: 1.4% of total assets), and 92.3% of the assets are financed with debt.
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Signals
Six 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 2025Solvency, return and age of the figures
Solvency
7.7%
Return on assets
-4.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
30 d late
2023
57 d late
2022
59 d late
2021
61 d late
2020
59 d early
2019
41 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days after 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 (2)
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. Usually files around 27 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€90,291▼ 10.8%
2018 · €101,229
EBIT margin
0.2%▼ 1.8pp
2018 · 2.0%
Net result
-€5,648
2024 · €6,177
Working capital
€7,108▼ 43.4%
2024 · €12,568
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
Line20212022202320242025
Turnover
Operating result€6,012▲ 185%€1,158▼ 80.7%-€12,024€14,779-€1,359
Net result€2,482within the sector's middle half▲ 175%€541below the sector's middle half▼ 78.2%-€12,427below the sector's middle half€6,177within the sector's middle half-€5,648below the sector's middle half
EBIT margin
Equity€20,544within the sector's middle half▲ 13.7%€21,085within the sector's middle half▲ 2.6%€8,658below the sector's middle half▼ 58.9%€14,835below the sector's middle half▲ 71.3%€9,187below the sector's middle half▼ 38.1%
Total assets€70,088within the sector's middle half▲ 40.6%€38,466below the sector's middle half▼ 45.1%€32,980below the sector's middle half▼ 14.3%€45,062below the sector's middle half▲ 36.6%€118,715within the sector's middle half▲ 163%
Debt€49,544▲ 55.9%€17,381▼ 64.9%€24,322▲ 39.9%€30,227▲ 24.3%€109,528▲ 262%
Working capital€7,228within the sector's middle half▼ 28.9%€3,701below the sector's middle half▼ 48.8%-€4,820below the sector's middle half€12,568within the sector's middle half€7,108within the sector's middle half▼ 43.4%
Solvency29.3%within the sector's middle half▼ 6.9pp54.8%within the sector's middle half▲ 25.5pp26.3%within the sector's middle half▼ 28.6pp32.9%within the sector's middle half▲ 6.7pp7.7%below the sector's middle half▼ 25.2pp
Current ratio1.16within the sector's middle half▼ 0.861.21within the sector's middle half▲ 0.050.80below the sector's middle half▼ 0.411.42within the sector's middle half▲ 0.611.07below the sector's middle half▼ 0.35
Return on assets (ROA)3.5%within the sector's middle half▲ 1.7pp1.4%within the sector's middle half▼ 2.1pp-37.7%below the sector's middle half▼ 39.1pp13.7%within the sector's middle half▲ 51.4pp-4.8%below the sector's middle half▼ 18.5pp
Staff (FTE)1
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1,359 after €14,779 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118,715
Fixed assets
€2,608 ▲ 15.1%
Current assets
€116,108 ▲ 171%
Equity and liabilities €118,715
Equity
€9,187 ▼ 38.1%
Debt
€109,528 ▲ 262%
Debt's share of the balance-sheet total rises from 67.1% to 92.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€318▼
2024 · €16,282
Cash flow
-€3,970▼
2024 · €7,679
Quick ratio
0.96▼
2024 · 1.42
Debt to equity
11.92▲
2024 · 2.04
ROE
-61.5%▼
2024 · 41.6%
Interest coverage
0.07▼
2024 · 5.37
Debt ≤ 1 year
€109,000▲
2024 · €30,227
Income taxes
€1,301▼
2024 · €6,547
Staff costs
€46,970
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.3%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 974 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €294,372 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €8,041 | - | - | €46,970 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,431 | €8,666 | €5,371 | €1,503 | €1,677 | ▲ 11.6% |
| Other operating charges640/8 | €1,458 | €1,207 | €870 | €8,942 | €2,529 | ▼ 71.7% |
| Non-recurring operating charges66A | - | - | - | €2,868 | - | - |
| Gross operating margin9900 | €21,902 | €19,072 | -€5,783 | €28,092 | €49,817 | ▲ 77.3% |
| Operating profit (loss)9901 | €6,012 | €1,158 | -€12,024 | €14,779 | -€1,359 | ▼ 109% |
| Financial income75/76B | €65 | €491 | €190 | €974 | €1,840 | ▲ 88.8% |
| Recurring financial income75 | €65 | €491 | €190 | €974 | €1,840 | ▲ 88.8% |
| Financial charges65/66B | €123 | €284 | €211 | €3,030 | €4,827 | ▲ 59.3% |
| Recurring financial charges65 | €123 | €284 | €211 | €3,030 | €4,827 | ▲ 59.3% |
| Profit (loss) for the period before taxes9903 | €5,954 | €1,364 | -€12,045 | €12,723 | -€4,346 | ▼ 134% |
| Income taxes67/77 | €3,471 | €823 | €382 | €6,547 | €1,301 | ▼ 80.1% |
| Profit (loss) for the period9904 | €2,482 | €541 | -€12,427 | €6,177 | -€5,648 | ▼ 191% |
| Profit (loss) for the period to be appropriated9905 | €2,482 | €541 | -€12,427 | €6,177 | -€5,648 | ▼ 191% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,088 | €38,466 | €32,980 | €45,062 | €118,715 | ▲ 163% |
| Fixed assets21/28 | €17,166 | €17,384 | €13,478 | €2,266 | €2,608 | ▲ 15.1% |
| Tangible fixed assets22/27 | €17,166 | €17,384 | €13,478 | €2,266 | €2,608 | ▲ 15.1% |
| Plant, machinery and equipment23 | €1,627 | €1,238 | €850 | €462 | €1,796 | ▲ 289% |
| Furniture and vehicles24 | €4,331 | €16,146 | €12,628 | €1,804 | €811 | ▼ 55.0% |
| Leasing and similar rights25 | €11,208 | - | - | - | - | - |
| Current assets29/58 | €52,922 | €21,081 | €19,502 | €42,796 | €116,108 | ▲ 171% |
| Stocks and contracts in progress3 | €141 | €425 | €425 | - | €11,548 | - |
| Stocks30/36 | €141 | €425 | €425 | - | €11,548 | - |
| Amounts receivable within one year40/41 | €52,037 | €12,972 | €15,335 | €19,176 | €96,517 | ▲ 403% |
| Trade receivables40 | €47,968 | €7,233 | €2,937 | - | €74,500 | - |
| Other amounts receivable41 | €4,069 | €5,738 | €12,398 | €19,176 | €22,017 | ▲ 14.8% |
| Cash at bank and in hand54/58 | €744 | €6,536 | €3,055 | €13,890 | €1,661 | ▼ 88.0% |
| Deferred charges and accrued income490/1 | - | €1,149 | €688 | €9,729 | €6,381 | ▼ 34.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,088 | €38,466 | €32,980 | €45,062 | €118,715 | ▲ 163% |
| Equity10/15 | €20,544 | €21,085 | €8,658 | €14,835 | €9,187 | ▼ 38.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €22 | €22 | €22 | €22 | €22 | = |
| Non-distributable reserves130/1 | €22 | €22 | €22 | €22 | €22 | = |
| Reserves not available under the articles1311 | €22 | €22 | €22 | €22 | €22 | = |
| Profit (loss) carried forward14 | €1,922 | €2,463 | -€9,964 | -€3,787 | -€9,435 | ▼ 149% |
| Amounts payable17/49 | €49,544 | €17,381 | €24,322 | €30,227 | €109,528 | ▲ 262% |
| Amounts payable within one year42/48 | €45,694 | €17,381 | €24,322 | €30,227 | €109,000 | ▲ 261% |
| Current portion of amounts payable after more than one year42 | €12,204 | €5,158 | - | - | - | - |
| Trade debts44 | €11,127 | €2,000 | €9,170 | €14,285 | €92,710 | ▲ 549% |
| Suppliers440/4 | €11,127 | €2,000 | €9,170 | €14,285 | €92,710 | ▲ 549% |
| Advances received on contracts in progress46 | €11,000 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €11,363 | €10,222 | €15,153 | €15,943 | €16,290 | ▲ 2.2% |
| Taxes450/3 | €5,895 | €2,107 | €3,555 | €13,226 | €10,504 | ▼ 20.6% |
| Remuneration and social security454/9 | €5,468 | €8,116 | €11,598 | €2,716 | €5,786 | ▲ 113% |
| Accrued charges and deferred income492/3 | €3,850 | - | - | - | €528 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,482 | €541 | -€12,427 | €6,177 | -€5,648 | ▼ 191% |
| + Depreciation and write-downs630 | €14,431 | €8,666 | €5,371 | €1,503 | €1,677 | ▲ 11.6% |
| Operating cash flow (approximation) | €16,914 | €9,207 | -€7,056 | €7,679 | -€3,970 | ▼ 152% |
| Investment in fixed assets (approximation) | - | -€8,884 | -€1,464 | €9,709 | -€2,019 | ▼ 121% |
| Change in cash | - | €5,792 | -€3,482 | €10,835 | -€12,229 | ▼ 213% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €6,177
Net result €6,177 after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Weakest financial yearnet -€12,427
Net result drops to -€12,427, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Sint-Jans-Molenbeek · 1 establishment unit since 2005
Ground area
115 m²
Building footprint
116 m²
Volume, LiDAR
986 m³
Parcel 21526D0041/00L002, Brussels · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ASMR Concept
since 20052.148.902.168
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0041/00L002indicative | Brussels | 115 m² | 1 · 116 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
0 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 4,269 companies in sector 43230 we hold annual accounts for 1,241. 681 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
Founded25-07-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43350Other building finishing work
46712Wholesale trade
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875231889
Registered
21-11-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.