ASP Construction
ActiveSummary
The computed 12-month bankruptcy probability of ASP Construction is 2.7% (moderate). The 2025 annual accounts show equity of €59,548 and a net result of -€45,626. Equity is growing by ~48.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 7586 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
Profitability0▼-100
Solvency67▼-21
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.37 against 2.29 in 2024; short-term debt: 58.3% and cash: 9.4% of total assets), and 58.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
41.7%
Return on assets
-31.9%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
8 d early
2023
6 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 5 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 26 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
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 How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
Equity
€59,548▼ 43.4%
2024 · €105,174
Total assets
€142,958▼ 14.9%
2024 · €168,046
Net result
-€45,626
2024 · €103,557
Working capital
€30,724▼ 54.8%
2024 · €67,997
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Operating result-€1,188-€103,839-€28,950
Net result-€1,383below the sector's middle half-€103,557above the sector's middle half-€45,626below the sector's middle half
Equity€1,617below the sector's middle half-€105,174within the sector's middle half▲ 6,403%€59,548within the sector's middle half▼ 43.4%
Total assets€56,789within the sector's middle half-€168,046within the sector's middle half▲ 196%€142,958within the sector's middle half▼ 14.9%
Debt€55,171-€62,871▲ 14.0%€83,410▲ 32.7%
Working capital-€6,204below the sector's middle half-€67,997within the sector's middle half€30,724within the sector's middle half▼ 54.8%
Solvency2.8%below the sector's middle half-62.6%within the sector's middle half▲ 59.7pp41.7%within the sector's middle half▼ 20.9pp
Current ratio0.89below the sector's middle half-2.29within the sector's middle half▲ 1.401.37within the sector's middle half▼ 0.92
Return on assets (ROA)-2.4%below the sector's middle half-61.6%above the sector's middle half▲ 64.1pp-31.9%below the sector's middle half▼ 93.5pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 €28,950 after €103,839 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142,958
Fixed assets
€28,825 ▼ 38.9%
Current assets
€114,133 ▼ 5.6%
Equity and liabilities €142,958
Equity
€59,548 ▼ 43.4%
Debt
€83,410 ▲ 32.7%
Debt's share of the balance-sheet total rises from 37.4% to 58.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€8,918▼
2024 · €114,481
Cash flow
-€25,593▼
2024 · €114,199
Debt to equity
1.40▲
2024 · 0.60
ROE
-76.6%▼
2024 · 98.5%
Interest coverage
-43.90▼
2024 · 397.97
Debt ≤ 1 year
€83,410▲
2024 · €52,871
Income taxes
€21,837
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,227 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.9%
went bankrupt
8.6%
stopped otherwise
87%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.7% 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 497,662 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 3,227 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 |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,605 | €10,642 | €20,033 | ▲ 88.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €25,347 | - | €19,100 | - |
| Other operating charges640/8 | €1,279 | €2,562 | €4,287 | ▲ 67.3% |
| Non-recurring operating charges66A | - | €158 | €0 | ▼ 100% |
| Gross operating margin9900 | €27,042 | €117,201 | €14,469 | ▼ 87.7% |
| Operating profit (loss)9901 | -€1,188 | €103,839 | -€28,950 | ▼ 128% |
| Financial income75/76B | €390 | €6 | €5,364 | ▲ 89,452% |
| Recurring financial income75 | €390 | €6 | €5,364 | ▲ 89,452% |
| Financial charges65/66B | €584 | €288 | €203 | ▼ 29.4% |
| Recurring financial charges65 | €584 | €288 | €203 | ▼ 29.4% |
| Profit (loss) for the period before taxes9903 | -€1,383 | €103,557 | -€23,789 | ▼ 123% |
| Income taxes67/77 | - | - | €21,837 | - |
| Profit (loss) for the period9904 | -€1,383 | €103,557 | -€45,626 | ▼ 144% |
| Profit (loss) for the period to be appropriated9905 | -€1,383 | €103,557 | -€45,626 | ▼ 144% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €56,789 | €168,046 | €142,958 | ▼ 14.9% |
| Fixed assets21/28 | €7,822 | €47,177 | €28,825 | ▼ 38.9% |
| Tangible fixed assets22/27 | €7,822 | €47,177 | €28,825 | ▼ 38.9% |
| Furniture and vehicles24 | €7,822 | €47,177 | €28,825 | ▼ 38.9% |
| Current assets29/58 | €48,967 | €120,869 | €114,133 | ▼ 5.6% |
| Amounts receivable within one year40/41 | €38,128 | €119,709 | €100,721 | ▼ 15.9% |
| Trade receivables40 | €32,102 | €33,120 | €40,443 | ▲ 22.1% |
| Other amounts receivable41 | €6,026 | €86,589 | €60,278 | ▼ 30.4% |
| Cash at bank and in hand54/58 | €10,839 | €1,160 | €13,412 | ▲ 1,057% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €56,789 | €168,046 | €142,958 | ▼ 14.9% |
| Equity10/15 | €1,617 | €105,174 | €59,548 | ▼ 43.4% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€1,383 | €102,174 | €56,548 | ▼ 44.7% |
| Amounts payable17/49 | €55,171 | €62,871 | €83,410 | ▲ 32.7% |
| Amounts payable within one year42/48 | €55,171 | €52,871 | €83,410 | ▲ 57.8% |
| Trade debts44 | €45,741 | €28,621 | €43,145 | ▲ 50.7% |
| Suppliers440/4 | €45,741 | €28,621 | €43,145 | ▲ 50.7% |
| Taxes, remuneration and social security45 | €3,396 | €9,558 | €37,160 | ▲ 289% |
| Taxes450/3 | €3,396 | €7,758 | €37,160 | ▲ 379% |
| Remuneration and social security454/9 | - | €1,800 | €0 | ▼ 100% |
| Other amounts payable47/48 | €6,033 | €14,692 | €3,104 | ▼ 78.9% |
| Accrued charges and deferred income492/3 | - | €10,000 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,383 | €103,557 | -€45,626 | ▼ 144% |
| + Depreciation and write-downs630 | €1,605 | €10,642 | €20,033 | ▲ 88.2% |
| Operating cash flow (approximation) | €222 | €114,199 | -€25,593 | ▼ 122% |
| Investment in fixed assets (approximation) | - | -€49,997 | -€1,680 | ▲ 96.6% |
| Change in cash | - | -€9,680 | €12,253 | ▲ 227% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
20-07
State Gazette act
Resignation: Alina Pucai (director)2 facts ▸
State Gazette act
Resignation: Alina Pucai (director)
2 facts ▸
- General meeting, 30-06-2026
- Director resignation, Alina Pucai (director)
2025
31-12
Financial
Weakest financial yearnet -€45,626
Net result drops to -€45,626, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €103,557
Net result €103,557 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.29
Current ratio from 0.89 to 2.29; short-term debt falls from €55,171 to €52,871.
31-12
Financial
Equity above €100,000Eq €105,174 ▲6,403%
Equity rises from €1,617 to €105,174.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2023
Ground area
683 m²
Building footprint
298 m²
Volume, LiDAR
2,408 m³
2 parcels, Brussels, Flanders · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
667
companies at this address
See who is registered here
1 establishment unit
ASP Construction
since 20232.341.221.395
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 m · 3 fl. |
| 21464D0053/00S000 | Brussels | 221 m² | 1 · 106 m² | 14.2 m · 4 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Alina Pucai |
|
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,056. 13,189 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
Founded20-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43230Insulation installation
43910Bricklaying and masonry work
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Contact
Phone
0466143775
E-invoicing
Reachable via Peppol
Peppol ID
0208:0795112661
Also
9925:BE0795112661
Registered
01-10-2024
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.