ASRA
ActiveSummary
ASRA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45,895 and a net result of €3,483. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 86% of 2083 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+5
Solvency100▲+9
Growth38▼-13
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 5.25 against 4.02 in 2024; short-term debt: 14.4% and cash: 55.7% of total assets), and 23.6% of the assets are financed with debt.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
76.4%
Return on assets
5.8%
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
64 d early
2023
64 d early
2022
69 d early
2021
62 d early
2020
65 d early
2019
62 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 63 days before 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 (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 29 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€33,987▼ 41.7%
2024 · €58,260
EBIT margin
19.4%▲ 14.6pp
2024 · 4.7%
Net result
€3,483▲ 1,036%
2024 · €307
Working capital
€36,915▲ 21.7%
2024 · €30,330
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€43,252€77,333▲ 78.8%€58,260▼ 24.7%€33,987▼ 41.7%
Operating result-€1,468▼ 570%€50€14,358▲ 28,463%€2,758▼ 80.8%€6,581▲ 139%
Net result-€1,631below the sector's middle half▼ 383%€902below the sector's middle half€10,155within the sector's middle half▲ 1,025%€307below the sector's middle half▼ 97.0%€3,483within the sector's middle half▲ 1,036%
EBIT margin0.1%18.6%▲ 18.5pp4.7%▼ 13.8pp19.4%▲ 14.6pp
Equity€31,049below the sector's middle half▼ 27.3%€31,951below the sector's middle half▲ 2.9%€42,106below the sector's middle half▲ 31.8%€42,412below the sector's middle half▲ 0.7%€45,895below the sector's middle half▲ 8.2%
Total assets€40,959below the sector's middle half▼ 4.6%€53,967below the sector's middle half▲ 31.8%€76,334below the sector's middle half▲ 41.4%€64,587below the sector's middle half▼ 15.4%€60,083below the sector's middle half▼ 7.0%
Debt€9,911▲ 3,886%€22,016▲ 122%€34,229▲ 55.5%€22,175▼ 35.2%€14,188▼ 36.0%
Working capital€30,722within the sector's middle half▼ 26.8%€28,700within the sector's middle half▼ 6.6%€35,323within the sector's middle half▲ 23.1%€30,330within the sector's middle half▼ 14.1%€36,915within the sector's middle half▲ 21.7%
Solvency75.8%above the sector's middle half▼ 23.6pp59.2%above the sector's middle half▼ 16.6pp55.2%within the sector's middle half▼ 4.0pp65.7%above the sector's middle half▲ 10.5pp76.4%above the sector's middle half▲ 10.7pp
Current ratio4.10above the sector's middle half3.46above the sector's middle half▼ 0.643.59above the sector's middle half▲ 0.134.02above the sector's middle half▲ 0.435.25above the sector's middle half▲ 1.23
Return on assets (ROA)-4.0%below the sector's middle half▼ 3.2pp1.7%within the sector's middle half▲ 5.7pp13.3%above the sector's middle half▲ 11.6pp0.5%within the sector's middle half▼ 12.8pp5.8%within the sector's middle half▲ 5.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 139% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60,083
Fixed assets
€14,487 ▼ 40.2%
Current assets
€45,596 ▲ 12.9%
Equity and liabilities €60,083
Equity
€45,895 ▲ 8.2%
Debt
€14,188 ▼ 36.0%
Debt's share of the balance-sheet total falls from 34.3% to 23.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,304▲
2024 · €11,620
Cash flow
€13,206▲
2024 · €9,169
Debt to equity
0.31▼
2024 · 0.52
ROE
7.6%▲
2024 · 0.7%
Interest coverage
26.92▲
2024 · 13.77
Debt ≤ 1 year
€8,681▼
2024 · €10,047
Debt > 1 year
€5,507▼
2024 · €12,128
Income taxes
€2,492▲
2024 · €1,607
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,340 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% | 1.8% |
| 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 31,371 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €43,252 | €77,333 | €58,260 | €33,987 | ▼ 41.7% |
| Non-recurring operating income76A | - | - | €22 | €1 | €1,990 | ▲ 248,651% |
| Goods, raw materials, services and sundry goods60/61 | - | €40,820 | €56,666 | €47,824 | €21,210 | ▼ 55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €526 | €2,978 | €7,406 | €8,863 | €9,723 | ▲ 9.7% |
| Other operating charges640/8 | €348 | €498 | €684 | €537 | €400 | ▼ 25.6% |
| Non-recurring operating charges66A | - | - | €0 | €608 | €63 | ▼ 89.6% |
| Gross operating margin9900 | -€595 | €3,526 | €22,450 | €12,766 | €16,767 | ▲ 31.3% |
| Operating profit (loss)9901 | -€1,468 | €50 | €14,358 | €2,758 | €6,581 | ▲ 139% |
| Financial income75/76B | - | €1,240 | - | - | - | - |
| Recurring financial income75 | - | €1,240 | - | - | - | - |
| Non-recurring financial income76B | - | €1,240 | - | - | - | - |
| Financial charges65/66B | €46 | €276 | €868 | €844 | €606 | ▼ 28.2% |
| Recurring financial charges65 | €46 | €276 | €868 | €844 | €606 | ▼ 28.2% |
| Profit (loss) for the period before taxes9903 | -€1,513 | €1,014 | €13,490 | €1,914 | €5,975 | ▲ 212% |
| Income taxes67/77 | €117 | €111 | €3,336 | €1,607 | €2,492 | ▲ 55.1% |
| Profit (loss) for the period9904 | -€1,631 | €902 | €10,155 | €307 | €3,483 | ▲ 1,036% |
| Profit (loss) for the period to be appropriated9905 | -€1,631 | €902 | €10,155 | €307 | €3,483 | ▲ 1,036% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40,959 | €53,967 | €76,334 | €64,587 | €60,083 | ▼ 7.0% |
| Fixed assets21/28 | €327 | €13,613 | €27,391 | €24,211 | €14,487 | ▼ 40.2% |
| Tangible fixed assets22/27 | €327 | €13,613 | €27,391 | €24,211 | €14,487 | ▼ 40.2% |
| Plant, machinery and equipment23 | €233 | €96 | €44 | €0 | €0 | - |
| Furniture and vehicles24 | €94 | €13,516 | €27,347 | €24,211 | €14,487 | ▼ 40.2% |
| Current assets29/58 | €40,632 | €40,355 | €48,944 | €40,377 | €45,596 | ▲ 12.9% |
| Amounts receivable within one year40/41 | €110 | €6,623 | €13,248 | €15,930 | €11,215 | ▼ 29.6% |
| Trade receivables40 | €110 | €0 | €6,393 | €7,614 | €42 | ▼ 99.4% |
| Other amounts receivable41 | - | €6,623 | €6,855 | €8,316 | €11,173 | ▲ 34.3% |
| Cash at bank and in hand54/58 | €40,401 | €33,038 | €33,660 | €23,174 | €33,443 | ▲ 44.3% |
| Deferred charges and accrued income490/1 | €121 | €693 | €2,035 | €1,273 | €938 | ▼ 26.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40,959 | €53,967 | €76,334 | €64,587 | €60,083 | ▼ 7.0% |
| Equity10/15 | €31,049 | €31,951 | €42,106 | €42,412 | €45,895 | ▲ 8.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Uncalled capital101 | €12,400 | - | - | - | - | - |
| Reserves13 | €24,849 | €25,751 | €35,906 | €36,212 | €39,695 | ▲ 9.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €22,989 | €23,891 | €34,046 | €34,352 | €37,835 | ▲ 10.1% |
| Amounts payable17/49 | €9,911 | €22,016 | €34,229 | €22,175 | €14,188 | ▼ 36.0% |
| Amounts payable after more than one year17 | - | €10,362 | €20,607 | €12,128 | €5,507 | ▼ 54.6% |
| Financial debts170/4 | - | €10,362 | €20,607 | €12,128 | €5,507 | ▼ 54.6% |
| Amounts payable within one year42/48 | €9,911 | €11,655 | €13,621 | €10,047 | €8,681 | ▼ 13.6% |
| Current portion of amounts payable after more than one year42 | - | €4,441 | €8,847 | €8,112 | €5,886 | ▼ 27.4% |
| Trade debts44 | €82 | €132 | €1,423 | €327 | €1,187 | ▲ 263% |
| Suppliers440/4 | €82 | €132 | €1,423 | €327 | €1,187 | ▲ 263% |
| Taxes, remuneration and social security45 | €2,828 | €82 | €3,352 | €1,607 | €1,607 | = |
| Taxes450/3 | €2,828 | €82 | €3,352 | €1,607 | €1,607 | = |
| Other amounts payable47/48 | €7,000 | €7,000 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,631 | €902 | €10,155 | €307 | €3,483 | ▲ 1,036% |
| + Depreciation and write-downs630 | €526 | €2,978 | €7,406 | €8,863 | €9,723 | ▲ 9.7% |
| Operating cash flow (approximation) | -€1,105 | €3,880 | €17,561 | €9,169 | €13,206 | ▲ 44.0% |
| Investment in fixed assets (approximation) | - | -€16,264 | -€21,184 | -€5,683 | €0 | ▲ 100% |
| Change in cash | - | -€7,363 | €622 | -€10,487 | €10,270 | ▲ 198% |
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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €10,155 ▲1,025%
Operating result €14,358, net result €10,155, both a record.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €902
Net result €902 after 3 loss-making years.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€1,631
Net result drops to -€1,631, the lowest in the series; recovery starts the following year.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 5current ratio 169.88
Current ratio from 37.57 to 169.88; short-term debt falls from €1,149 to €249.
30-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity times 5current ratio 37.57
Current ratio from 7.83 to 37.57; short-term debt falls from €6,361 to €1,149.
Show earlier events
01-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tubize · 1 establishment unit since 2003
Ground area
992 m²
Building footprint
155 m²
Volume, LiDAR
977 m³
Parcel 25077C0062/00S000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ASRA
since 20032.135.028.101
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25077C0062/00S000 | Wallonia | 992 m² | 1 · 155 m² | 9.0 m · 2 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 22,818 companies in this sector we hold annual accounts for 10,336. 8,498 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded10-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862126694
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.