ASOTEP
ActiveSummary
ASOTEP has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €661,207 and a net result of €3.2m. Equity is shrinking by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 14% of 406 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency35▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.0 in 2024; short-term debt: 89.2% and cash: 49.9% of total assets), and 89.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
10.1%
Return on assets
49.1%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 406 sector peers (2025).
NBB · sector comparisonPosition among 406 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-01-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
28 d late
2023
5 d early
2022
28 d early
2021
3 d late
2020
3 d early
2019
34 d early
← 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 9 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 26 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 employer in Genk, Construction sector#6 company by total assets in Genk, Construction sector#10 fastest grower in Genk, Construction sector
Equity
€661,207▲ 43.5%
2024 · €460,873
Total assets
€6.5m▲ 2.0%
2024 · €6.4m
Net result
€3.2m▲ 64.9%
2024 · €1.9m
Working capital
€127,232
2024 · -€1,225
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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
Operating result€2.0m▲ 23.6%€840,002▼ 57.5%€1.0m▲ 24.3%€2.2m▲ 113%€3.7m▲ 67.4%
Net result€1.6mabove the sector's middle half▲ 25.7%€714,355above the sector's middle half▼ 56.5%€882,123above the sector's middle half▲ 23.5%€1.9mabove the sector's middle half▲ 120%€3.2mabove the sector's middle half▲ 64.9%
Equity€1.3mabove the sector's middle half▲ 12.1%€1.1mwithin the sector's middle half▼ 14.0%€1.0mwithin the sector's middle half▼ 10.4%€460,873within the sector's middle half▼ 54.8%€661,207within the sector's middle half▲ 43.5%
Total assets€5.7mabove the sector's middle half▲ 11.2%€6.7mabove the sector's middle half▲ 16.8%€6.9mabove the sector's middle half▲ 3.9%€6.4mabove the sector's middle half▼ 8.0%€6.5mabove the sector's middle half▲ 2.0%
Debt€4.4m▲ 10.9%€5.6m▲ 26.0%€5.9m▲ 6.8%€5.9m▲ 0.1%€5.9m▼ 1.3%
Working capital€911,000above the sector's middle half▲ 25.7%€724,619within the sector's middle half▼ 20.5%€499,331within the sector's middle half▼ 31.1%-€1,225below the sector's middle half€127,232within the sector's middle half
Solvency23.1%below the sector's middle half▲ 0.2pp17.0%below the sector's middle half▼ 6.1pp14.7%below the sector's middle half▼ 2.3pp7.2%below the sector's middle half▼ 7.5pp10.1%below the sector's middle half▲ 2.9pp
Current ratio1.21within the sector's middle half▲ 0.021.13within the sector's middle half▼ 0.081.09below the sector's middle half▼ 0.051.00below the sector's middle half▼ 0.091.02below the sector's middle half▲ 0.02
Return on assets (ROA)28.7%above the sector's middle half▲ 3.3pp10.7%within the sector's middle half▼ 18.0pp12.7%within the sector's middle half▲ 2.0pp30.4%above the sector's middle half▲ 17.7pp49.1%above the sector's middle half▲ 18.7pp
Staff (FTE)41.2above the sector's middle half▲ 3.5%42.3above the sector's middle half▲ 2.7%41.5above the sector's middle half▼ 1.9%43.3above the sector's middle half▲ 4.3%42.8above the sector's middle half▼ 1.2%
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 67% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.5m
Fixed assets
€577,686 ▲ 8.9%
Current assets
€5.9m ▲ 1.3%
Equity and liabilities €6.5m
Equity
€661,207 ▲ 43.5%
Debt
€5.9m ▼ 1.3%
Debt's share of the balance-sheet total falls from 92.8% to 89.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.9m▲
2024 · €2.4m
Cash flow
€3.4m▲
2024 · €2.1m
Debt to equity
8.86▼
2024 · 12.88
ROE
484.0%▲
2024 · 421.2%
Interest coverage
301.35▲
2024 · 117.03
Debt ≤ 1 year
€5.8m▼
2024 · €5.9m
Debt > 1 year
€43,711▼
2024 · €68,487
Income taxes
€550,452▲
2024 · €278,602
Staff costs
€3.2m▲
2024 · €3.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
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 0.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,613 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2.9m | €3.0m | €3.1m | €3.2m | ▲ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €94,760 | €107,326 | €111,276 | €141,657 | €154,998 | ▲ 9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,779 | - |
| Other operating charges640/8 | - | €14,364 | €18,586 | €15,207 | €19,662 | ▲ 29.3% |
| Gross operating margin9900 | €4.7m | €3.8m | €4.2m | €5.5m | €7.1m | ▲ 29.2% |
| Operating profit (loss)9901 | €2.0m | €840,002 | €1.0m | €2.2m | €3.7m | ▲ 67.4% |
| Financial income75/76B | - | €3,091 | €7,165 | €14,061 | €37,882 | ▲ 169% |
| Recurring financial income75 | €5,988 | €3,091 | €7,165 | €14,061 | €37,882 | ▲ 169% |
| Financial charges65/66B | - | €2,729 | €11,356 | €20,231 | €12,878 | ▼ 36.3% |
| Recurring financial charges65 | €2,539 | €2,729 | €11,356 | €20,231 | €12,878 | ▼ 36.3% |
| Profit (loss) for the period before taxes9903 | €2.0m | €840,364 | €1.0m | €2.2m | €3.8m | ▲ 69.0% |
| Income taxes67/77 | €337,487 | €126,009 | €157,578 | €278,602 | €550,452 | ▲ 97.6% |
| Profit (loss) for the period9904 | €1.6m | €714,355 | €882,123 | €1.9m | €3.2m | ▲ 64.9% |
| Profit (loss) for the period to be appropriated9905 | €1.6m | €714,355 | €882,123 | €1.9m | €3.2m | ▲ 64.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.7m | €6.7m | €6.9m | €6.4m | €6.5m | ▲ 2.0% |
| Fixed assets21/28 | €434,831 | €456,083 | €580,364 | €530,585 | €577,686 | ▲ 8.9% |
| Tangible fixed assets22/27 | €398,390 | €419,643 | €543,923 | €494,145 | €541,246 | ▲ 9.5% |
| Land and buildings22 | - | €312,665 | €295,306 | €271,741 | €363,030 | ▲ 33.6% |
| Plant, machinery and equipment23 | - | €30,614 | €152,252 | €140,151 | €91,450 | ▼ 34.7% |
| Furniture and vehicles24 | - | €76,364 | €96,365 | €82,252 | €86,766 | ▲ 5.5% |
| Financial fixed assets28 | €36,440 | €36,440 | €36,440 | €36,440 | €36,440 | = |
| Current assets29/58 | €5.3m | €6.2m | €6.4m | €5.9m | €5.9m | ▲ 1.3% |
| Amounts receivable within one year40/41 | €3.8m | €5.0m | €4.9m | €3.6m | €2.7m | ▼ 26.8% |
| Trade receivables40 | - | €4.7m | €4.7m | €3.4m | €2.0m | ▼ 41.5% |
| Other amounts receivable41 | - | €373,022 | €203,808 | €193,564 | €644,850 | ▲ 233% |
| Cash at bank and in hand54/58 | €1.5m | €1.2m | €1.2m | €2.2m | €3.3m | ▲ 45.7% |
| Deferred charges and accrued income490/1 | - | - | €303,846 | €1,599 | €32,956 | ▲ 1,960% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.7m | €6.7m | €6.9m | €6.4m | €6.5m | ▲ 2.0% |
| Equity10/15 | €1.3m | €1.1m | €1.0m | €460,873 | €661,207 | ▲ 43.5% |
| Contributions10/11 | €118,755 | €118,755 | €118,755 | €118,755 | €118,755 | = |
| Capital10 | - | €118,755 | €118,755 | €118,755 | €118,755 | = |
| Issued capital100 | - | €118,755 | €118,755 | €118,755 | €118,755 | = |
| Reserves13 | €1.2m | €1.0m | €900,867 | €342,118 | €542,452 | ▲ 58.6% |
| Non-distributable reserves130/1 | - | €11,876 | €11,876 | €11,876 | €11,876 | = |
| Legal reserve130 | - | €11,876 | €11,876 | €11,876 | €11,876 | = |
| Tax-exempt reserves132 | - | €4,396 | €4,396 | €4,396 | €4,396 | = |
| Distributable reserves133 | - | €1.0m | €884,595 | €325,846 | €526,181 | ▲ 61.5% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €4.4m | €5.6m | €5.9m | €5.9m | €5.9m | ▼ 1.3% |
| Amounts payable after more than one year17 | €22,687 | €43,204 | €60,072 | €68,487 | €43,711 | ▼ 36.2% |
| Financial debts170/4 | - | €43,204 | €60,072 | €68,487 | €43,711 | ▼ 36.2% |
| Amounts payable within one year42/48 | €4.4m | €5.5m | €5.9m | €5.9m | €5.8m | ▼ 0.9% |
| Current portion of amounts payable after more than one year42 | - | €30,729 | €30,896 | €54,654 | €39,768 | ▼ 27.2% |
| Trade debts44 | €1.7m | €2.5m | €3.4m | €1.9m | €1.5m | ▼ 21.9% |
| Suppliers440/4 | - | €2.5m | €3.4m | €1.9m | €1.5m | ▼ 21.9% |
| Taxes, remuneration and social security45 | - | €636,969 | €582,984 | €722,622 | €791,247 | ▲ 9.5% |
| Taxes450/3 | - | €153,725 | €84,510 | €303,980 | €427,671 | ▲ 40.7% |
| Remuneration and social security454/9 | - | €483,244 | €498,474 | €418,642 | €363,576 | ▼ 13.2% |
| Other amounts payable47/48 | - | €2.3m | €1.8m | €3.2m | €3.5m | ▲ 9.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.6m | €714,355 | €882,123 | €1.9m | €3.2m | ▲ 64.9% |
| + Depreciation and write-downs630 | €94,760 | €107,326 | €111,276 | €141,657 | €154,998 | ▲ 9.4% |
| Operating cash flow (approximation) | €1.7m | €821,681 | €993,399 | €2.1m | €3.4m | ▲ 61.1% |
| Investment in fixed assets (approximation) | - | -€128,578 | -€235,556 | -€91,879 | -€202,099 | ▼ 120% |
| Change in cash | - | -€290,253 | -€26,010 | €1.1m | €1.0m | ▼ 3.0% |
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
09-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €3.2m ▲64.9%
Operating result €3.7m, net result €3.2m, both a record.
30-06
Financial
Equity above €500,000Eq €661,207 ▲43.5%
7 profitable years in a row build equity to €661,207.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Weakest financial yearnet €714,355 ▼56.5%
Net result drops to €714,355, the lowest in the series; recovery starts the following year.
03-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
28-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
26-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Genk · 1 establishment unit since 1998
Ground area
2.7 ha
Building footprint
5,469 m²
Volume, LiDAR
33,093 m³
2 parcels, Flanders · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ASOTEP
since 19982.037.334.055
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0002/00H035 | Flanders | 1.6 ha | 1 · 3,666 m² | 6.8 m · 2 fl. |
| 71302A0002/00X034 | Flanders | 1.1 ha | 1 · 1,803 m² | 9.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- PS HOLDING
- ASOTEP
Highest known parent: PS HOLDING. The sources do not say who stands above it.
Owners 1
- PS HOLDINGparentSourceaccounts PS HOLDING 202598.33%
Holdings 1
-
49%
According to the annual accounts to 30-06-2025 of ASOTEP and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 10,922 EUR awarded · 10,866 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,510 EUR | 4,454 EUR |
| 2024 | 1 | 2,231 EUR | 2,231 EUR |
| 2023 | 1 | 1,685 EUR | 1,685 EUR |
| 2022 | 1 | 2,496 EUR | 2,496 EUR |
Recognitions · licences · registrations
Dual-learning approval
1 endedHoeknaadlasser (so)
Legal Entity Identifier
87550091FHPXS91RC235
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Of 1,824 companies in sector 42220 we hold annual accounts for 958. 487 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-03-1988
Fiscal year end30-06
Activities, NACEBEL 2025
25210Manufacture of fabricated metal products, except machinery and equipment
42220Construction of utility projects for electricity and telecommunications
25110Manufacture of metal structures and parts of structures
46630Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433718375
Registered
03-11-2025
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.