ASP GROUP
ActiveSummary
ASP GROUP has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €241,996. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 70% of 928 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+5
Solvency87▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 2.6 against 3.35 in 2024; short-term debt: 38.5% and cash: 3.2% of total assets), and 38.5% of the assets are financed with debt.
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Signals
Four 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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% 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
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
61.5%
Return on assets
9.5%
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
6 d early
2023
86 d late
2022
59 d late
2021
31 d late
2020
60 d late
2019
52 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 36 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 31 August (4 of the last 5 filed years within 56 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, abbreviated schema
Turnover
€7.1m
EBIT margin
11.3%
Net result
€241,996▲ 125%
2024 · €107,601
Working capital
€1.6m▲ 15.6%
2024 · €1.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing 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-€591,697€645,939€611,412▼ 5.3%€200,632▼ 67.2%€319,482▲ 59.2%
Net result€164,154above the sector's middle half▲ 629%€482,911above the sector's middle half▲ 194%€434,049above the sector's middle half▼ 10.1%€107,601within the sector's middle half▼ 75.2%€241,996above the sector's middle half▲ 125%
EBIT margin
Equity€1.2mabove the sector's middle half▲ 16.3%€1.7mabove the sector's middle half▲ 41.3%€1.2mabove the sector's middle half▼ 26.7%€1.3mabove the sector's middle half▲ 8.9%€1.6mabove the sector's middle half▲ 18.4%
Total assets€2.1mwithin the sector's middle half▼ 11.9%€2.7mwithin the sector's middle half▲ 27.9%€2.9mwithin the sector's middle half▲ 5.2%€1.9mwithin the sector's middle half▼ 33.7%€2.5mabove the sector's middle half▲ 32.1%
Debt€980,801▼ 31.6%€1.1m▲ 12.0%€1.7m▲ 53.3%€600,981▼ 64.3%€974,848▲ 62.2%
Working capital€1.3mabove the sector's middle half▲ 23.4%€1.7mabove the sector's middle half▲ 29.5%€1.3mabove the sector's middle half▼ 24.8%€1.3mabove the sector's middle half▲ 7.2%€1.6mabove the sector's middle half▲ 15.6%
Solvency54.4%within the sector's middle half▲ 13.2pp60.1%within the sector's middle half▲ 5.7pp41.8%within the sector's middle half▼ 18.2pp68.7%above the sector's middle half▲ 26.8pp61.5%within the sector's middle half▼ 7.1pp
Current ratio2.54within the sector's middle half▲ 0.642.56above the sector's middle half▲ 0.021.77within the sector's middle half▼ 0.793.35above the sector's middle half▲ 1.592.60within the sector's middle half▼ 0.76
Return on assets (ROA)7.6%within the sector's middle half▲ 6.7pp17.6%above the sector's middle half▲ 9.9pp15.0%above the sector's middle half▼ 2.6pp5.6%within the sector's middle half▼ 9.4pp9.5%above the sector's middle half▲ 3.9pp
Staff (FTE)14.9above the sector's middle half▼ 17.2%12.3above the sector's middle half▼ 17.4%10.6above the sector's middle half▼ 13.8%10.6above the sector's middle half=10above the sector's middle half▼ 5.7%
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 59% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€4,324 ▲ 233%
Current assets
€2.5m ▲ 32.0%
Equity and liabilities €2.5m
Equity
€1.6m ▲ 18.4%
Debt
€974,848 ▲ 62.2%
Debt's share of the balance-sheet total rises from 31.3% to 38.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€320,870▲
2024 · €201,252
Cash flow
€243,384▲
2024 · €108,221
Debt to equity
0.62▲
2024 · 0.46
ROE
15.5%▲
2024 · 8.2%
Interest coverage
47.86▲
2024 · 11.21
Debt ≤ 1 year
€974,848▲
2024 · €571,739
Income taxes
€87,914▲
2024 · €75,112
Staff costs
€751,251▼
2024 · €760,819
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 20,134 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 | €883,010 | €700,640 | €714,781 | €760,819 | €751,251 | ▼ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €153,373 | €14,730 | €9,129 | €620 | €1,388 | ▲ 124% |
| Other operating charges640/8 | - | - | €562 | - | - | - |
| Non-recurring operating charges66A | - | - | - | - | €15,100 | - |
| Gross operating margin9900 | €444,687 | €1.4m | €1.3m | €962,071 | €1.1m | ▲ 13.0% |
| Operating profit (loss)9901 | -€591,697 | €645,939 | €611,412 | €200,632 | €319,482 | ▲ 59.2% |
| Financial income75/76B | €817,476 | €47 | - | €40 | €17,132 | ▲ 42,782% |
| Recurring financial income75 | €12,199 | €47 | - | €40 | €17,132 | ▲ 42,782% |
| Non-recurring financial income76B | €805,277 | - | - | - | - | - |
| Financial charges65/66B | €11,625 | €3,659 | €6,771 | €17,959 | €6,704 | ▼ 62.7% |
| Recurring financial charges65 | €11,625 | €3,659 | €6,771 | €17,959 | €6,704 | ▼ 62.7% |
| Profit (loss) for the period before taxes9903 | €214,154 | €642,327 | €604,641 | €182,713 | €329,910 | ▲ 80.6% |
| Income taxes67/77 | €50,000 | €159,416 | €170,593 | €75,112 | €87,914 | ▲ 17.0% |
| Profit (loss) for the period9904 | €164,154 | €482,911 | €434,049 | €107,601 | €241,996 | ▲ 125% |
| Profit (loss) for the period to be appropriated9905 | €164,154 | €482,911 | €434,049 | €107,601 | €241,996 | ▲ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.7m | €2.9m | €1.9m | €2.5m | ▲ 32.1% |
| Fixed assets21/28 | €22,774 | €9,903 | €774 | €1,299 | €4,324 | ▲ 233% |
| Intangible fixed assets21 | €11,700 | €3,900 | - | - | - | - |
| Tangible fixed assets22/27 | €11,074 | €6,003 | €774 | €999 | €4,174 | ▲ 318% |
| Plant, machinery and equipment23 | €11,074 | €6,003 | €774 | €999 | €4,174 | ▲ 318% |
| Financial fixed assets28 | - | - | - | €300 | €150 | ▼ 50.0% |
| Current assets29/58 | €2.1m | €2.7m | €2.9m | €1.9m | €2.5m | ▲ 32.0% |
| Amounts receivable within one year40/41 | €1.7m | €2.6m | €2.1m | €1.7m | €2.4m | ▲ 40.1% |
| Trade receivables40 | €444,985 | €1.3m | €527,557 | €842,717 | €717,756 | ▼ 14.8% |
| Other amounts receivable41 | €1.3m | €1.3m | €1.5m | €899,898 | €1.7m | ▲ 91.5% |
| Cash at bank and in hand54/58 | €399,475 | €130,273 | €655,779 | €159,819 | €80,867 | ▼ 49.4% |
| Deferred charges and accrued income490/1 | €15,074 | €20,446 | €168,807 | €15,183 | €8,147 | ▼ 46.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.7m | €2.9m | €1.9m | €2.5m | ▲ 32.1% |
| Equity10/15 | €1.2m | €1.7m | €1.2m | €1.3m | €1.6m | ▲ 18.4% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Reserves13 | €264,863 | €264,863 | €264,863 | €264,863 | €264,863 | = |
| Non-distributable reserves130/1 | €25,000 | €25,000 | - | - | - | - |
| Reserves not available under the articles1311 | €25,000 | €25,000 | - | - | - | - |
| Tax-exempt reserves132 | €9,863 | €9,863 | €9,863 | €9,863 | €9,863 | = |
| Distributable reserves133 | €230,000 | €230,000 | €255,000 | €255,000 | €255,000 | = |
| Profit (loss) carried forward14 | €653,512 | €1.1m | €695,471 | €803,072 | €1.0m | ▲ 30.1% |
| Amounts payable17/49 | €980,801 | €1.1m | €1.7m | €600,981 | €974,848 | ▲ 62.2% |
| Amounts payable after more than one year17 | €143,703 | €27,720 | - | - | - | - |
| Financial debts170/4 | €143,703 | €27,720 | - | - | - | - |
| Amounts payable within one year42/48 | €837,098 | €1.1m | €1.6m | €571,739 | €974,848 | ▲ 70.5% |
| Current portion of amounts payable after more than one year42 | €152,123 | €95,861 | - | - | - | - |
| Trade debts44 | €322,486 | €597,485 | €444,849 | €468,017 | €652,862 | ▲ 39.5% |
| Suppliers440/4 | €322,486 | €597,485 | €444,849 | €468,017 | €652,862 | ▲ 39.5% |
| Taxes, remuneration and social security45 | €108,746 | €225,799 | €316,068 | €101,769 | €171,986 | ▲ 69.0% |
| Taxes450/3 | €64,700 | €161,525 | €231,603 | €26,618 | €97,049 | ▲ 265% |
| Remuneration and social security454/9 | €44,046 | €64,274 | €84,465 | €75,150 | €74,937 | ▼ 0.3% |
| Other amounts payable47/48 | €253,743 | €151,152 | €875,500 | €1,954 | €150,000 | ▲ 7,578% |
| Accrued charges and deferred income492/3 | - | - | €46,401 | €29,242 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €164,154 | €482,911 | €434,049 | €107,601 | €241,996 | ▲ 125% |
| + Depreciation and write-downs630 | €153,373 | €14,730 | €9,129 | €620 | €1,388 | ▲ 124% |
| Operating cash flow (approximation) | €317,527 | €497,641 | €443,178 | €108,221 | €243,384 | ▲ 125% |
| Investment in fixed assets (approximation) | - | -€1,859 | €0 | -€1,145 | -€4,413 | ▼ 285% |
| Change in cash | - | -€269,203 | €525,507 | -€495,960 | -€78,952 | ▲ 84.1% |
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
27-07
State Gazette act
RestructuringMerger · Incorporation · Statutes amendment27 facts ▸
State Gazette act
Restructuring
Merger · Incorporation · Statutes amendment27 facts ▸
- Merger, geruisloze fusie, voorstel
- Merger, omgekeerde moeder-dochter fusie, voorstel
- Other statement, PHLIPPO PRODUCTIONS BV
- Other statement, ASP GROUP BV
- Other statement, PHLIPPO GROUP BV
- Other statement, alles te doen wat in hun macht ligt, verbintenis tot verwezenlijking fusie
- Incorporation, 24-03-1999
- Statutes amendment
- Registered office clause, 2500 Lier, Kelderveld 17, BE 0465.707.787
- Capital, €18.600
- Board composition, Studio Bidco B.V. (director)
- Statutes amendment
- +15 further facts in this act
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 86 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 60 days late
2020
31-12
Financial
Weakest financial yearnet €22,503 ▼93.7%
Net result drops to €22,503, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1mEq €1.0m ▲2.3%
3 profitable years in a row build equity to €1.0m.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 15 acts read
About the unread acts
Of the 15 Belgian State Gazette acts we know for this company, 1 has been read. The other 14 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lier · 1 establishment unit since 2002
Ground area
1.2 ha
Building footprint
4,996 m²
Parcel 12392A0376/00L000, Flanders. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Kelderveld 17, 2500 Lier
since 20022.101.883.397
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392A0376/00L000 | Flanders | 1.2 ha | 1 · 4,996 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
De aan- en verkoop, het huren en verhuren van alle audiovisueel materiaal, videofilms, verlichtingsmateriaal en apparaten en alle toebehoren; Het verwezenlijken en produceren van…
Full purpose (4 activities)
- De aan- en verkoop, het huren en verhuren van alle audiovisueel materiaal, videofilms, verlichtingsmateriaal en apparaten en alle toebehoren
- Het verwezenlijken en produceren van videofilms en reportages van allerlei aard
- Om het even weike gelijkaardige handelingen stellen die van aard zouden zijn de verwezenlijking van haar voorwerp te vergemakkelijken of uit te breiden
- Rechtstreeks of onrechtstreeks belangen nemen door inbreng, afstand, fusie, inschrijving of aankoop van effecten, financiële tussenkomst of op welke wijze ook, in zaken, ondernemingen verenigingen of vennootschappen de een zelfde, gelijkaardig of samenhangend voorwerp nastreven of eenvoudig nuttig zouden zijn tot de verwezenlijking van haar voorwerp
Other statement
4 provisions in the deed
General meeting
Buitengewone algemene vergadering, ten minste zes weken na de neerlegging ter griffie van de rechtbank van koophandel en de bekendmaking in de bijlagen tot het…
Structure & network
Owners and holdings
2 ownersChain of control
- PHLIPPO GROUP
- ASP GROUP
Highest known parent: PHLIPPO GROUP. The sources do not say who stands above it.
Owners 2
-
100%
- 75%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Acquisitions and mergers
1 transactionTaken over by:PHLIPPO PRODUCTIONS BV
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 27-07-2026 ↗
- PHLIPPO GROUP BV (BE 0668.760.956) 250 shares · 100%
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 27-07-2026 Capital stated in the act · 250,000 EUR · 250 shares
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,275 EUR awarded · 1,604 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 39 EUR |
| 2024 | 1 | 78 EUR | 530 EUR |
| 2023 | 1 | 252 EUR | 90 EUR |
| 2022 | 1 | 945 EUR | 945 EUR |
Recognitions · licences · registrations
Dual-learning approval
3 endedAssistent podiumtechnicus (so)
Magazijnmedewerker (so)
Podiumtechnicus (so)
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Identification & contact
Identification
Legal formPrivate limited company
Founded02-05-2002
Fiscal year end31-12
Activities, NACEBEL 2025
77222Rental and leasing activities
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
59114Motion picture, video and television programme production, sound recording and music publishing activities
77399Renting and leasing of other machinery, equipment and tangible goods
90393Specialised image, lighting and sound technical services
E-invoicing
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Register as of 29 September 2026 · Peppol Directory
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