ASP ELEC
ActiveSummary
The computed 12-month bankruptcy probability of ASP ELEC is 3.3% (moderate). The 2024 annual accounts show equity of €23,996 and a net result of €1,492. Its solvency ranks better than 22% of 36380 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability41▼-31
Solvency45▲+5
Growth52
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.94 against 1.18 in 2023; short-term debt: 72.3% and cash: 34.3% of total assets), and 79.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2024Solvency, return and age of the figures
Solvency
20.5%
Return on assets
1.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 36380 sector peers (2024).
NBB · sector comparisonPosition among 36380 sector peers
Solvency
better than 22%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-11-2025, 118 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
118 d late
2023
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 90 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€23,996▲ 6.6%
2023 · €22,504
Total assets
€117,136▼ 22.2%
2023 · €150,576
Net result
€1,492▼ 92.7%
2023 · €20,504
Working capital
-€5,330
2023 · €22,504
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result€28,441-€10,467▼ 63.2%
Net result€20,504-€1,492▼ 92.7%
Equity€22,504-€23,996▲ 6.6%
Total assets€150,576-€117,136▼ 22.2%
Debt€128,072-€93,141▼ 27.3%
Working capital€22,504--€5,330
Staff (FTE)2.9-3▲ 3.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 63% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €117,136
Fixed assets
€37,764
Current assets
€79,373
Equity and liabilities €117,136
Equity
€23,996 ▲ 6.6%
Debt
€93,141 ▼ 27.3%
Debt's share of the balance-sheet total falls from 85.1% to 79.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17,346
Cash flow
€8,371
Current ratio
0.94▼
2023 · 1.18
Quick ratio
0.84▼
2023 · 1.05
Debt to equity
3.88▼
2023 · 5.69
ROE
6.2%▼
2023 · 91.1%
ROA
1.3%▼
2023 · 13.6%
Interest coverage
2.50
Debt ≤ 1 year
€84,702▼
2023 · €128,072
Debt > 1 year
€8,438
Income taxes
€2,040▼
2023 · €7,828
Staff costs
€142,830▲
2023 · €135,503
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,541 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
3.3%
went bankrupt
1.1%
stopped otherwise
95%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.3% 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 497,058 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% | 1.6% |
| 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 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 2,541 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 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €135,503 | €142,830 | ▲ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €6,879 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €10,364 | €0 | ▼ 100% |
| Other operating charges640/8 | €424 | €538 | ▲ 26.7% |
| Gross operating margin9900 | €174,733 | €160,714 | ▼ 8.0% |
| Operating profit (loss)9901 | €28,441 | €10,467 | ▼ 63.2% |
| Financial income75/76B | €76 | €11 | ▼ 85.5% |
| Recurring financial income75 | €76 | €11 | ▼ 85.5% |
| Financial charges65/66B | €185 | €6,946 | ▲ 3,645% |
| Recurring financial charges65 | €185 | €6,946 | ▲ 3,645% |
| Profit (loss) for the period before taxes9903 | €28,332 | €3,532 | ▼ 87.5% |
| Income taxes67/77 | €7,828 | €2,040 | ▼ 73.9% |
| Profit (loss) for the period9904 | €20,504 | €1,492 | ▼ 92.7% |
| Profit (loss) for the period to be appropriated9905 | €20,504 | €1,492 | ▼ 92.7% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €150,576 | €117,136 | ▼ 22.2% |
| Fixed assets21/28 | - | €37,764 | - |
| Tangible fixed assets22/27 | - | €37,764 | - |
| Plant, machinery and equipment23 | - | €1,588 | - |
| Furniture and vehicles24 | - | €36,176 | - |
| Current assets29/58 | €150,576 | €79,373 | ▼ 47.3% |
| Stocks and contracts in progress3 | €15,960 | €8,403 | ▼ 47.3% |
| Stocks30/36 | €15,960 | €8,403 | ▼ 47.3% |
| Amounts receivable within one year40/41 | €103,206 | €30,492 | ▼ 70.5% |
| Trade receivables40 | €94,508 | €29,169 | ▼ 69.1% |
| Other amounts receivable41 | €8,698 | €1,322 | ▼ 84.8% |
| Cash at bank and in hand54/58 | €31,409 | €40,143 | ▲ 27.8% |
| Deferred charges and accrued income490/1 | - | €334 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €150,576 | €117,136 | ▼ 22.2% |
| Equity10/15 | €22,504 | €23,996 | ▲ 6.6% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Reserves13 | €20,000 | €20,000 | = |
| Distributable reserves133 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €504 | €1,996 | ▲ 296% |
| Amounts payable17/49 | €128,072 | €93,141 | ▼ 27.3% |
| Amounts payable after more than one year17 | - | €8,438 | - |
| Financial debts170/4 | - | €8,438 | - |
| Amounts payable within one year42/48 | €128,072 | €84,702 | ▼ 33.9% |
| Current portion of amounts payable after more than one year42 | - | €5,309 | - |
| Trade debts44 | €108,884 | €62,915 | ▼ 42.2% |
| Suppliers440/4 | €108,884 | €62,915 | ▼ 42.2% |
| Taxes, remuneration and social security45 | €19,188 | €16,478 | ▼ 14.1% |
| Taxes450/3 | €7,828 | €2,257 | ▼ 71.2% |
| Remuneration and social security454/9 | €11,359 | €14,221 | ▲ 25.2% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €20,504 | €1,492 | ▼ 92.7% |
| + Depreciation and write-downs630 | - | €6,879 | - |
| Operating cash flow (approximation) | €20,504 | €8,371 | ▼ 59.2% |
| Change in cash | - | €8,734 | - |
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
2025
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 118 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
NBB filing
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, Durbuy · 1 establishment unit since 2023
Ground area
5,000 m²
Building footprint
302 m²
Volume, LiDAR
2,418 m³
2 parcels, Wallonia · tallest building 16.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Manège 14, 4800 Verviers
since 20232.341.822.302
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83030A0637/00F002 | Wallonia | 3,053 m² | 1 · 147 m² | - |
| 63079A0697/00S003 ProtectedMonument |
Wallonia | 1,947 m² | 1 · 154 m² | 16.7 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,582 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
Founded24-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0797573095
Also
9925:BE0797573095
Registered
15-08-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.