ASRO
Annual accounts 2025
micro format, filed on 29-06-2026, 32 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.0m. Estimated: probably between €1.2m and €3.4m.
Balance sheet
balance sheet total €673,953 on 31-12-2025in euro
in euro
Position in the sector
34.2%
Higher than 45% of 13,807 companies in 2025.
1.00
Higher than 28% of 13,189 companies in 2025.
1.0%
Higher than 40% of 13,367 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half
Staff
€72,363
Staff costs divided by the average number of full-time equivalents.
level
In 2025, 3 people joined and 3 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
673,953 | 668,251 | 203,091 | 194,537 | 192,609 | 189,862 | 181,585 | 197,593 | 151,405 | 71,281 | 55,909 | 46,194 | 38,742 | 41,331 | 101,441 | 54,707 | 89,795 | 105,792 | 128,902 | 152,291 | |
21/28 |
328,710 | 318,501 | - | - | - | - | - | - | - | - | - | - | - | - | 50 | 50 | 5,151 | 10,252 | 15,842 | 21,630 | |
21 |
82,395 | 104,395 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
22/27 |
246,316 | 214,106 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 5,101 | 10,202 | 15,792 | 21,580 | |
23 |
57,490 | 72,807 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
24 |
147,454 | 141,299 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,101 | 10,202 | 15,792 | 21,580 | |
26 |
41,372 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 50 | 50 | 50 | 50 | 50 | 50 | |
29/58 |
345,243 | 349,751 | 203,091 | 194,537 | 192,609 | 189,862 | 181,585 | 197,593 | 151,405 | 71,281 | 55,909 | 46,194 | 38,742 | 41,331 | 101,391 | 54,657 | 84,644 | 95,540 | 113,060 | 130,661 | |
3 |
51,109 | 62,545 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
30/36 |
51,109 | 62,545 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
186,207 | 257,684 | 175,828 | 23,636 | 23,280 | 189,327 | 179,509 | 196,800 | 148,793 | 71,227 | 55,200 | 45,355 | 37,320 | 41,321 | 98,448 | 53,655 | 82,951 | 90,775 | 93,525 | 96,560 | |
40 |
185,984 | 256,407 | 0 | 3,630 | 3,630 | 12,100 | 3,630 | - | 100,900 | 18,850 | 55,200 | 45,355 | 37,006 | 41,321 | 45,311 | 2,882 | 17,434 | 30,868 | 40,628 | 54,296 | |
41 |
222 | 1,277 | 175,828 | 20,006 | 19,650 | 177,227 | 175,879 | 196,800 | 47,893 | 52,377 | - | - | 314 | - | 53,137 | 50,773 | 65,517 | 59,907 | 52,897 | 42,264 | |
54/58 |
107,529 | 19,627 | 27,263 | 170,506 | 168,931 | 534 | 2,075 | 793 | 2,612 | 54 | 709 | 839 | 1,414 | 10 | 2,943 | 1,002 | 1,471 | 4,060 | 17,845 | 30,870 | |
490/1 |
399 | 9,893 | 0 | 396 | 397 | - | - | - | - | - | - | - | 8 | - | - | - | 222 | 705 | 1,690 | 3,231 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
673,953 | 668,251 | 203,091 | 194,537 | 192,609 | 189,862 | 181,585 | 197,593 | 151,405 | 71,281 | 55,909 | 46,194 | 38,742 | 41,331 | 101,441 | 54,707 | 89,795 | 105,792 | 128,902 | 152,291 | |
10/15 |
230,292 | 223,259 | 199,240 | 193,017 | 191,826 | 186,134 | 177,104 | 165,326 | 110,147 | 64,846 | 51,739 | 44,564 | 38,672 | 37,325 | 89,758 | 49,052 | 63,768 | 66,134 | 69,317 | 69,753 | |
10/11 |
6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,198 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | - | - | 12,395 | 12,395 | 12,395 | 12,395 | 12,394 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | |
13 |
224,094 | 217,061 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
130/1 |
- | 0 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
- | 0 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
224,094 | 217,061 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
- | 0 | 191,183 | 184,961 | 183,769 | 178,077 | 169,047 | 157,269 | 102,091 | 56,789 | 43,682 | 36,508 | 30,616 | 29,269 | 81,702 | 40,996 | 55,712 | 58,078 | 61,261 | 61,697 | |
17/49 |
443,662 | 444,993 | 3,851 | 1,520 | 783 | 3,728 | 4,481 | 32,267 | 41,258 | 6,435 | 4,170 | 1,630 | 70 | 4,006 | 11,683 | 5,655 | 26,027 | 39,658 | 59,585 | 82,538 | |
17 |
96,074 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,410 | 7,052 | 14,146 | 25,597 | |
170/4 |
96,074 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,410 | 7,052 | 14,146 | 25,597 | |
42/48 |
346,544 | 444,993 | 3,851 | 1,520 | 783 | 3,728 | 4,481 | 32,267 | 41,258 | 6,435 | 4,170 | 1,630 | 70 | 3,731 | 4,079 | 5,655 | 24,617 | 32,606 | 45,439 | 56,941 | |
42 |
36,253 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,410 | 5,642 | 7,094 | 11,452 | 11,452 | |
43 |
150,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,055 | 11 | - | - | |
430/8 |
150,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,055 | 11 | - | - | |
44 |
101,213 | 376,874 | - | - | - | - | 248 | - | - | - | - | - | - | - | - | 897 | 9,840 | 23,541 | 29,937 | 40,061 | |
440/4 |
101,213 | 376,874 | - | - | - | - | 248 | - | - | - | - | - | - | - | - | 897 | 9,840 | 23,541 | 29,937 | 40,061 | |
45 |
58,880 | 66,159 | 3,075 | 841 | 105 | 3,049 | 3,554 | 31,589 | 28,487 | 6,435 | 4,170 | 1,630 | 70 | 3,731 | 4,079 | 348 | 7,080 | 1,960 | 4,050 | 5,428 | |
450/3 |
18,832 | 55,129 | 3,075 | 841 | 105 | 3,049 | 3,554 | 31,589 | 28,487 | 6,435 | 4,170 | 1,630 | 70 | 3,731 | 4,079 | 348 | 5,050 | 1,960 | 4,050 | 5,428 | |
454/9 |
40,049 | 11,030 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,030 | - | - | - | |
47/48 |
198 | 1,959 | 777 | 678 | 678 | 678 | 678 | 678 | 12,771 | - | - | - | - | - | - | 3,000 | - | - | - | - | |
492/3 |
1,043 | - | - | - | - | - | - | - | - | - | - | - | - | 275 | 7,604 | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,350 | - | - | 2,500 | |
9900 |
396,685 | 138,510 | 3,706 | 1,938 | 7,757 | 12,658 | 17,130 | 78,860 | 69,180 | 18,850 | 9,752 | 7,873 | 1,835 | 1,169 | 45,339 | -7,413 | -471 | 5,824 | 9,633 | 15,926 | |
62 |
289,453 | 84,262 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
90,112 | 19,707 | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,101 | 5,101 | 5,590 | 5,788 | 6,257 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,051 | - | - | - | |
640/8 |
2,294 | 1,059 | 610 | 747 | 564 | 482 | 482 | 480 | 478 | 1,381 | 409 | 409 | 415 | 410 | 540 | 1,112 | 925 | 1,277 | 1,208 | 781 | |
9901 |
14,826 | 33,482 | 3,096 | 1,192 | 7,192 | 12,176 | 16,648 | 78,380 | 68,702 | 17,469 | 9,343 | 7,464 | 1,420 | 759 | 44,799 | -13,626 | -11,548 | -1,043 | 2,637 | 8,888 | |
75/76B |
3,530 | 856 | 5,427 | 396 | 397 | - | - | - | 0 | - | - | - | 9 | - | 2 | 16 | 61 | 150 | 157 | 192 | |
75 |
3,530 | 856 | 5,427 | 396 | 397 | - | - | - | 0 | - | - | - | 9 | - | 2 | 16 | 61 | 150 | 157 | 192 | |
65/66B |
6,969 | 327 | 24 | 24 | 23 | 21 | 17 | 100 | 30 | 50 | - | 12 | 12 | 55 | 364 | 1,102 | 1,229 | 2,290 | 3,016 | 3,099 | |
65 |
6,969 | 327 | 24 | 24 | 23 | 21 | 17 | 100 | 30 | 50 | - | 12 | 12 | 55 | 364 | 1,102 | 1,229 | 2,290 | 3,016 | 3,099 | |
9903 |
11,387 | 34,011 | 8,499 | 1,564 | 7,566 | 12,155 | 16,631 | 78,280 | 68,673 | 17,419 | 9,343 | 7,452 | 1,417 | 704 | 44,437 | -14,712 | -2,366 | -3,183 | -222 | 8,481 | |
67/77 |
4,354 | 9,992 | 2,276 | 372 | 1,875 | 3,125 | 4,854 | 23,102 | 23,372 | 4,312 | 2,169 | 1,560 | 70 | - | 3,731 | 4 | - | - | 214 | 1,488 | |
9904 |
7,033 | 24,019 | 6,222 | 1,192 | 5,692 | 9,030 | 11,778 | 55,179 | 45,301 | 13,107 | 7,174 | 5,892 | 1,347 | 704 | 40,706 | -14,716 | -2,366 | -3,183 | -436 | 6,993 | |
789 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
9905 |
7,033 | 24,019 | 6,222 | 1,192 | 5,692 | 9,030 | 11,778 | 55,179 | 45,301 | 13,107 | 7,174 | 5,892 | 1,347 | 704 | 40,706 | -14,716 | -2,366 | -3,183 | -436 | 6,993 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
7,033 | 215,202 | 191,183 | 184,961 | 183,769 | 178,077 | 169,047 | 157,269 | 102,091 | 56,789 | 43,682 | 36,508 | 30,616 | 82,406 | 81,702 | 40,996 | 55,712 | 58,078 | 61,261 | 61,697 | |
14P |
0 | 191,183 | 184,961 | 183,769 | 178,077 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
7,033 | 215,202 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
6921 |
7,033 | 215,202 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 53,137 | - | - | - | - | - | - | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 53,137 | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
4 | 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
6,524 | 1,568 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 8 older financial years (1998-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00228611 | |
| 31-12-2024 | micro format | 03-07-2025 | 2025-00231486 | |
| 31-12-2023 | micro format | 19-08-2024 | 2024-00370288 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00409295 | |
| 31-12-2021 | micro format | 31-10-2022 | 2022-20517638 | |
| 31-12-2020 | abbreviated format | 30-06-2021 | 2021-27800217 | |
| 31-12-2019 | abbreviated format | 08-07-2020 | 2020-27600278 | |
| 31-12-2018 | abbreviated format | 01-07-2019 | 2019-27900128 | |
| 31-12-2017 | abbreviated format | 18-06-2018 | 2018-18800409 | |
| 31-12-2016 | abbreviated format | 19-06-2017 | 2017-19400253 | |
| 31-12-2015 | abbreviated format | 25-11-2016 | 2016-68600496 | |
| 31-12-2014 | abbreviated format | 23-09-2015 | 2015-60200232 | |
| 31-12-2013 | abbreviated format | 11-07-2014 | 2014-30200229 | |
| 31-12-2012 | abbreviated format | 19-08-2013 | 2013-43400562 | |
| 31-12-2011 | abbreviated format | 27-06-2012 | 2012-22800203 | |
| 31-12-2010 | abbreviated format | 06-07-2011 | 2011-27000433 | |
| 31-12-2009 | abbreviated format | 19-07-2010 | 2010-31900123 | |
| 31-12-2008 | abbreviated format | 16-09-2009 | 2009-76100172 | |
| 31-12-2007 | abbreviated format | 25-08-2008 | 2008-64100345 | |
| 31-12-2006 | abbreviated format | 27-08-2007 | 2007-64700344 | |
| 31-12-2005 | abbreviated format | 25-09-2006 | 2006-79503946 | |
| 31-12-2004 | abbreviated format | 23-08-2005 | 2005-65203322 | |
| 31-12-2003 | abbreviated format | 28-09-2004 | 2004-67502121 | |
| 31-12-2002 | abbreviated format | 30-09-2003 | 2003-71300604 | |
| 31-12-2001 | abbreviated format | 20-09-2002 | 2002-57504048 | |
| 31-12-2000 | abbreviated format | 25-09-2001 | 2001-58501291 | |
| 31-12-1999 | abbreviated format | 05-09-2000 | 2000-54701416 | |
| 31-12-1998 | abbreviated format | 07-07-1999 | 1999-31000956 |
Subsidies and aid
Flemish government 2024 to 2025, 2 entries, €3,030 awarded, €2,540 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,791 | €2,301 |
| 2024 | 1 | €239 | €239 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 104,938 | 53,189 | - | - | - | - | - | - | - | - | - | - | - | - | - | -8,525 | -6,447 | 4,547 | 8,425 | 15,145 | ||
| 97,145 | 43,725 | - | - | - | - | - | - | - | - | - | - | - | - | - | -9,615 | 2,735 | 2,407 | 5,352 | 13,250 | ||
| 100,321 | 555,890 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 26,140 | ||
| 87,902 | -7,635 | -143,243 | 1,574 | 168,397 | -1,541 | 1,282 | -1,819 | 2,558 | -655 | -130 | -575 | 1,404 | -2,933 | 1,941 | -469 | -2,589 | -13,785 | -13,025 | - | ||
| -1,301 | -95,242 | 199,240 | 193,017 | 191,826 | 186,134 | 177,104 | 165,326 | 110,147 | 64,846 | 51,739 | 44,564 | 38,672 | 37,600 | 97,312 | 49,002 | 60,027 | 62,934 | 67,621 | 73,720 | ||
| 34.2% | 33.4% | 98.1% | 99.2% | 99.6% | 98.0% | 97.5% | 83.7% | 72.7% | 91.0% | 92.5% | 96.5% | 99.8% | 90.3% | 88.5% | 89.7% | 71.0% | 62.5% | 53.8% | 45.8% | ||
| 1.00 | 0.79 | 52.73 | - | - | 50.93 | 40.53 | 6.12 | 3.67 | 11.08 | 13.41 | 28.34 | - | 11.08 | 24.86 | 9.67 | 3.44 | 2.93 | 2.49 | 2.29 | ||
| 0.85 | 0.65 | 52.73 | - | - | 50.93 | 40.53 | 6.12 | 3.67 | 11.08 | 13.41 | 28.34 | - | 11.08 | 24.86 | 9.67 | 3.44 | 2.93 | 2.49 | 2.29 | ||
| 1.93 | 1.99 | 0.02 | 0.01 | 0.00 | 0.02 | 0.03 | 0.20 | 0.37 | 0.10 | 0.08 | 0.04 | 0.00 | 0.11 | 0.13 | 0.12 | 0.41 | 0.60 | 0.86 | 1.18 | ||
| 3.1% | 10.8% | 3.1% | 0.6% | 3.0% | 4.9% | 6.7% | 33.4% | 41.1% | 20.2% | 13.9% | 13.2% | 3.5% | 1.9% | 45.4% | -30.0% | -3.7% | -4.8% | -0.6% | 10.0% | ||
| 1.0% | 3.6% | 3.1% | 0.6% | 3.0% | 4.8% | 6.5% | 27.9% | 29.9% | 18.4% | 12.8% | 12.8% | 3.5% | 1.7% | 40.1% | -26.9% | -2.6% | -3.0% | -0.3% | 4.6% | ||
| 15.06 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 4 | 4 |
| full-time | 3 | 3 |
| part-time | 1 | 1 |
| in full-time equivalents | 3.9 | 3.9 |
| 4 | 1 | |
| On a permanent contract | 4 | 4 |
| Joined | 3 | 4 |
| Left | 3 | 0 |
| Training hours | - | 0 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Pledge on other assets, amount secured | €175,000 | - | - | - | - |
| Carrying value of the other pledged assets | €246,316 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €100,321 | €445,890 | - | - | - |
| Intangible fixed assets | - | €110,000 | - | - | - |
| €90,112 | €19,707 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on ASRO
The operating result for 2025 is 56% lower than in 2024.
Debt's share of the balance-sheet total falls from 66.6% to 65.8%. Equity is higher and debt is lower.