ASPER MANAGEMENT
ActiveSummary
The computed 12-month bankruptcy probability of ASPER MANAGEMENT is 2.3% (moderate). The 2024 annual accounts show equity of €41,292 and a net result of €28,225. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 56% of 6162 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+96
Solvency57▲+21
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 0.76 in 2023; short-term debt: 68.2% and cash: 16.8% of total assets), and 68.2% 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 · 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
31.8%
Return on assets
21.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
203 d late
2022
60 d late
2021
43 d late
2020
31 d late
2019
134 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 90 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€41,292▲ 216%
2023 · €13,067
Total assets
€129,681▲ 13.6%
2023 · €114,131
Net result
€28,225
2023 · -€45,882
Working capital
€8,522
2023 · -€24,285
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service 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
Line20202021202220232024
Operating result€15,442▼ 32.5%€18,617▲ 20.6%€8,744▼ 53.0%-€39,888€28,114
Net result€15,199above the sector's middle half▼ 29.1%€2,748within the sector's middle half▼ 81.9%€1,002within the sector's middle half▼ 63.5%-€45,882below the sector's middle half€28,225above the sector's middle half
Equity€43,149within the sector's middle half▲ 54.4%€45,896within the sector's middle half▲ 6.4%€58,949within the sector's middle half▲ 28.4%€13,067within the sector's middle half▼ 77.8%€41,292within the sector's middle half▲ 216%
Total assets€279,281above the sector's middle half▲ 136%€257,708above the sector's middle half▼ 7.7%€298,247above the sector's middle half▲ 15.7%€114,131within the sector's middle half▼ 61.7%€129,681within the sector's middle half▲ 13.6%
Debt€236,132▲ 161%€211,812▼ 10.3%€239,298▲ 13.0%€101,064▼ 57.8%€88,389▼ 12.5%
Working capital-€30,421below the sector's middle half▼ 133%-€28,378below the sector's middle half▲ 6.7%-€11,260within the sector's middle half▲ 60.3%-€24,285within the sector's middle half▼ 116%€8,522within the sector's middle half
Solvency15.4%within the sector's middle half▼ 8.1pp17.8%within the sector's middle half▲ 2.4pp19.8%within the sector's middle half▲ 2.0pp11.4%within the sector's middle half▼ 8.3pp31.8%within the sector's middle half▲ 20.4pp
Current ratio0.87within the sector's middle half▲ 0.020.86within the sector's middle half▼ 0.010.95within the sector's middle half▲ 0.090.76within the sector's middle half▼ 0.191.10within the sector's middle half▲ 0.34
Return on assets (ROA)5.4%within the sector's middle half▼ 12.6pp1.1%within the sector's middle half▼ 4.4pp0.3%within the sector's middle half▼ 0.7pp-40.2%below the sector's middle half▼ 40.5pp21.8%above the sector's middle half▲ 62.0pp
Staff (FTE)0.40.2▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service 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 returns to profit in 2024: €28,114 after a loss of €39,888 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €129,681
Fixed assets
€32,771 ▼ 12.3%
Current assets
€96,910 ▲ 26.2%
Equity and liabilities €129,681
Equity
€41,292 ▲ 216%
Debt
€88,389 ▼ 12.5%
Debt's share of the balance-sheet total falls from 88.6% to 68.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32,696▲
2023 · -€34,948
Cash flow
€32,807▲
2023 · -€40,942
Debt to equity
2.14▼
2023 · 7.73
ROE
68.4%▲
2023 · -351.1%
Interest coverage
29.65▲
2023 · -4.88
Debt ≤ 1 year
€88,389▼
2023 · €101,064
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 26,970 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,159 | - | - |
| Remuneration, social security and pensions62 | - | €3,439 | €569 | €145 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,306 | €6,273 | €6,442 | €4,940 | €4,582 | ▼ 7.2% |
| Other operating charges640/8 | - | €75 | €24,150 | €171,334 | €695 | ▼ 99.6% |
| Non-recurring operating charges66A | - | €1,320 | - | - | - | - |
| Gross operating margin9900 | €41,326 | €29,724 | €39,907 | €136,530 | €33,391 | ▼ 75.5% |
| Operating profit (loss)9901 | €15,442 | €18,617 | €8,744 | -€39,888 | €28,114 | ▲ 170% |
| Financial income75/76B | - | €4 | €159 | €1,169 | €1,214 | ▲ 3.9% |
| Recurring financial income75 | €25 | €4 | €159 | €1,169 | €1,214 | ▲ 3.9% |
| Financial charges65/66B | - | €972 | €5,101 | €7,162 | €1,103 | ▼ 84.6% |
| Recurring financial charges65 | €268 | €972 | €5,101 | €7,162 | €1,103 | ▼ 84.6% |
| Profit (loss) for the period before taxes9903 | €15,199 | €17,649 | €3,802 | -€45,882 | €28,225 | ▲ 162% |
| Income taxes67/77 | - | €14,901 | €2,800 | - | - | - |
| Profit (loss) for the period9904 | €15,199 | €2,748 | €1,002 | -€45,882 | €28,225 | ▲ 162% |
| Profit (loss) for the period to be appropriated9905 | €15,199 | €2,748 | €1,002 | -€45,882 | €28,225 | ▲ 162% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €279,281 | €257,708 | €298,247 | €114,131 | €129,681 | ▲ 13.6% |
| Fixed assets21/28 | €73,570 | €76,651 | €70,209 | €37,353 | €32,771 | ▼ 12.3% |
| Tangible fixed assets22/27 | €40,570 | €43,651 | €37,209 | €28,353 | €23,771 | ▼ 16.2% |
| Plant, machinery and equipment23 | - | €96 | €4 | - | - | - |
| Furniture and vehicles24 | - | €7,520 | €5,576 | €1,130 | €955 | ▼ 15.5% |
| Other tangible fixed assets26 | - | €36,036 | €31,629 | €27,222 | €22,815 | ▼ 16.2% |
| Financial fixed assets28 | €33,000 | €33,000 | €33,000 | €9,000 | €9,000 | = |
| Current assets29/58 | €205,711 | €181,057 | €228,038 | €76,779 | €96,910 | ▲ 26.2% |
| Amounts receivable within one year40/41 | €190,632 | €152,960 | €218,216 | €64,960 | €75,079 | ▲ 15.6% |
| Trade receivables40 | - | €71,569 | €135,974 | €58,971 | €52,860 | ▼ 10.4% |
| Other amounts receivable41 | - | €81,391 | €82,243 | €5,990 | €22,219 | ▲ 271% |
| Cash at bank and in hand54/58 | €15,079 | €26,394 | €9,822 | €11,818 | €21,831 | ▲ 84.7% |
| Deferred charges and accrued income490/1 | - | €1,703 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €279,281 | €257,708 | €298,247 | €114,131 | €129,681 | ▲ 13.6% |
| Equity10/15 | €43,149 | €45,896 | €58,949 | €13,067 | €41,292 | ▲ 216% |
| Contributions10/11 | €6,500 | €6,500 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €12,050 | €12,187 | €13,190 | €13,190 | €13,190 | = |
| Non-distributable reserves130/1 | - | €137 | €1,140 | €1,140 | €1,140 | = |
| Reserves not available under the articles1311 | - | €137 | €1,140 | €1,140 | €1,140 | = |
| Distributable reserves133 | - | €12,050 | €12,050 | €12,050 | €12,050 | = |
| Profit (loss) carried forward14 | €24,599 | €27,209 | €27,209 | -€18,673 | €9,552 | ▲ 151% |
| Amounts payable17/49 | €236,132 | €211,812 | €239,298 | €101,064 | €88,389 | ▼ 12.5% |
| Amounts payable within one year42/48 | €236,132 | €209,435 | €239,298 | €101,064 | €88,389 | ▼ 12.5% |
| Trade debts44 | €186,593 | €148,346 | €194,214 | €95,438 | €84,176 | ▼ 11.8% |
| Suppliers440/4 | - | €148,346 | €194,214 | €95,438 | €84,176 | ▼ 11.8% |
| Taxes, remuneration and social security45 | - | €3,114 | €7,655 | €5,626 | €4,213 | ▼ 25.1% |
| Taxes450/3 | - | €3,114 | €7,134 | €2,800 | €4,090 | ▲ 46.1% |
| Remuneration and social security454/9 | - | - | €521 | €2,826 | €123 | ▼ 95.7% |
| Other amounts payable47/48 | - | €57,975 | €37,429 | - | - | - |
| Accrued charges and deferred income492/3 | - | €2,377 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,199 | €2,748 | €1,002 | -€45,882 | €28,225 | ▲ 162% |
| + Depreciation and write-downs630 | €2,306 | €6,273 | €6,442 | €4,940 | €4,582 | ▼ 7.2% |
| Operating cash flow (approximation) | €17,506 | €9,021 | €7,445 | -€40,942 | €32,807 | ▲ 180% |
| Investment in fixed assets (approximation) | - | -€9,355 | €0 | €27,916 | €0 | ▼ 100% |
| Change in cash | - | €11,316 | -€16,572 | €1,996 | €10,013 | ▲ 402% |
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
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
19-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 203 days late
2024
31-12
Financial
Back to profitnet €28,225
Net result €28,225 after one loss-making year.
2023
31-12
Financial
Weakest financial yearnet -€45,882
Net result drops to -€45,882, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 134 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 1 establishment unit since 2020
Ground area
1.2 ha
Building footprint
5,177 m²
Volume, LiDAR
233,164 m³
Parcel 21814P0404/00A006, Brussels · tallest building 142.2 m, ±9 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Spa Deep Nature
since 20202.299.575.337
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0404/00A006 | Brussels | 1.2 ha | 1 · 5,177 m² | 142.2 m · 9 fl. |
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.
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Of 6,709 companies in sector 96230 we hold annual accounts for 628. 486 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
Founded08-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
47711Retail sale of women's outerwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0712957423
Registered
08-01-2026
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.