ASS
ActiveSummary
ASS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,253 and a net result of -€2,563. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 10% of 7868 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▲+34
Solvency32▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.45 against 1.56 in 2024; short-term debt: 68.4% and cash: 0% of total assets), and 93.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six 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 →
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 2025Solvency, return and age of the figures
Solvency
6.8%
Return on assets
-1.5%
Age of the figures
9 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,563
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 7868 sector peers (2025).
NBB · sector comparisonPosition among 7868 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
35 d late
2023
27 d late
2022
60 d late
2021
320 d late
2020
30 d late
2019
21 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 69 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 (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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€11,253▼ 18.6%
2024 · €13,815
Total assets
€165,725▲ 8.4%
2024 · €152,925
Net result
-€2,563▲ 90.7%
2024 · -€27,698
Working capital
€50,583▲ 2.2%
2024 · €49,479
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
Line20212022202320242025
Operating result€6,391▼ 31.6%€10,556▲ 65.2%€8,307▼ 21.3%-€19,265€8,120
Net result€337▼ 88.1%€2,944▲ 772%€1,162▼ 60.5%-€27,698-€2,563▲ 90.7%
Equity€37,407▲ 0.9%€40,352▲ 7.9%€41,513▲ 2.9%€13,815▼ 66.7%€11,253▼ 18.6%
Total assets€262,740▲ 48.7%€200,369▼ 23.7%€197,487▼ 1.4%€152,925▼ 22.6%€165,725▲ 8.4%
Debt€225,333▲ 61.4%€160,018▼ 29.0%€155,973▼ 2.5%€139,110▼ 10.8%€154,472▲ 11.0%
Working capital€49,416€69,982▲ 41.6%€74,572▲ 6.6%€49,479▼ 33.6%€50,583▲ 2.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €8,120 after a loss of €19,265 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165,725
Fixed assets
€1,750 ▼ 88.9%
Current assets
€163,975 ▲ 19.5%
Equity and liabilities €165,725
Equity
€11,253 ▼ 18.6%
Debt
€154,472 ▲ 11.0%
Debt's share of the balance-sheet total rises from 91.0% to 93.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€22,068▲
2024 · -€217
Cash flow
€11,385▲
2024 · -€8,650
Current ratio
1.45▼
2024 · 1.56
Quick ratio
1.13▼
2024 · 1.56
Debt to equity
13.73▲
2024 · 10.07
ROE
-22.8%▲
2024 · -200.5%
ROA
-1.5%▲
2024 · -18.1%
Interest coverage
2.06▲
2024 · -0.03
Debt ≤ 1 year
€113,392▲
2024 · €87,748
Debt > 1 year
€41,081▼
2024 · €51,362
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,959 | - | - | - |
| Remuneration, social security and pensions62 | €178 | €236 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,521 | €24,198 | €25,948 | €19,048 | €13,948 | ▼ 26.8% |
| Other operating charges640/8 | €2,238 | €1,482 | €2,662 | €1,942 | €2,614 | ▲ 34.6% |
| Gross operating margin9900 | €42,328 | €36,472 | €36,917 | €1,725 | €24,682 | ▲ 1,331% |
| Operating profit (loss)9901 | €6,391 | €10,556 | €8,307 | -€19,265 | €8,120 | ▲ 142% |
| Financial income75/76B | €393 | €80 | €2 | €31 | €48 | ▲ 56.9% |
| Recurring financial income75 | €393 | €80 | €2 | €31 | €48 | ▲ 56.9% |
| Financial charges65/66B | €6,201 | €5,395 | €5,342 | €8,464 | €10,731 | ▲ 26.8% |
| Recurring financial charges65 | €6,201 | €5,395 | €5,342 | €8,464 | €10,731 | ▲ 26.8% |
| Profit (loss) for the period before taxes9903 | €583 | €5,241 | €2,968 | -€27,698 | -€2,563 | ▲ 90.7% |
| Income taxes67/77 | €245 | €2,297 | €1,806 | - | - | - |
| Profit (loss) for the period9904 | €337 | €2,944 | €1,162 | -€27,698 | -€2,563 | ▲ 90.7% |
| Profit (loss) for the period to be appropriated9905 | €337 | €2,944 | €1,162 | -€27,698 | -€2,563 | ▲ 90.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €262,740 | €200,369 | €197,487 | €152,925 | €165,725 | ▲ 8.4% |
| Fixed assets21/28 | €77,892 | €53,694 | €34,746 | €15,698 | €1,750 | ▼ 88.9% |
| Tangible fixed assets22/27 | €77,892 | €53,694 | €34,746 | €15,698 | €1,750 | ▼ 88.9% |
| Furniture and vehicles24 | - | - | €5,250 | €3,500 | €1,750 | ▼ 50.0% |
| Other tangible fixed assets26 | €77,892 | €53,694 | €29,496 | €12,198 | - | - |
| Current assets29/58 | €184,848 | €146,675 | €162,741 | €137,227 | €163,975 | ▲ 19.5% |
| Stocks and contracts in progress3 | €48,200 | - | - | - | €36,000 | - |
| Stocks30/36 | €9,200 | - | - | - | €36,000 | - |
| Contracts in progress37 | €39,000 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €136,118 | €144,568 | €162,741 | €137,227 | €92,973 | ▼ 32.2% |
| Trade receivables40 | €126,397 | €142,358 | €126,350 | €135,463 | €92,290 | ▼ 31.9% |
| Other amounts receivable41 | €9,721 | €2,210 | €36,391 | €1,763 | €683 | ▼ 61.3% |
| Cash at bank and in hand54/58 | - | - | - | - | €2 | - |
| Deferred charges and accrued income490/1 | €530 | €2,107 | - | - | €35,000 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €262,740 | €200,369 | €197,487 | €152,925 | €165,725 | ▲ 8.4% |
| Equity10/15 | €37,407 | €40,352 | €41,513 | €13,815 | €11,253 | ▼ 18.6% |
| Contributions10/11 | €16,700 | €16,700 | €16,700 | €16,700 | €16,700 | = |
| Reserves13 | €20,707 | €23,652 | €23,652 | €23,652 | €23,652 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €18,847 | €21,792 | €21,792 | €21,792 | €21,792 | = |
| Profit (loss) carried forward14 | - | - | €1,162 | -€26,536 | -€29,099 | ▼ 9.7% |
| Amounts payable17/49 | €225,333 | €160,018 | €155,973 | €139,110 | €154,472 | ▲ 11.0% |
| Amounts payable after more than one year17 | €89,552 | €77,647 | €64,461 | €51,362 | €41,081 | ▼ 20.0% |
| Financial debts170/4 | €89,552 | €77,647 | €64,461 | €51,362 | €41,081 | ▼ 20.0% |
| Amounts payable within one year42/48 | €135,432 | €76,693 | €88,169 | €87,748 | €113,392 | ▲ 29.2% |
| Current portion of amounts payable after more than one year42 | €11,631 | €11,905 | €12,206 | €13,099 | €13,026 | ▼ 0.6% |
| Financial debts43 | €29,474 | €29,990 | €27,843 | €55,129 | €34,882 | ▼ 36.7% |
| Credit institutions430/8 | €29,474 | €29,990 | €27,843 | €55,129 | €34,882 | ▼ 36.7% |
| Trade debts44 | €77,078 | €28,422 | €35,320 | €10,052 | €20,389 | ▲ 103% |
| Suppliers440/4 | €77,078 | €28,422 | €35,320 | €10,052 | €20,389 | ▲ 103% |
| Taxes, remuneration and social security45 | €2,710 | €2,893 | €4,100 | - | - | - |
| Taxes450/3 | €2,710 | €2,893 | €4,100 | - | - | - |
| Other amounts payable47/48 | €14,539 | €3,482 | €8,699 | €9,468 | €45,095 | ▲ 376% |
| Accrued charges and deferred income492/3 | €348 | €5,678 | €3,344 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €337 | €2,944 | €1,162 | -€27,698 | -€2,563 | ▲ 90.7% |
| + Depreciation and write-downs630 | €33,521 | €24,198 | €25,948 | €19,048 | €13,948 | ▼ 26.8% |
| Operating cash flow (approximation) | €33,859 | €27,142 | €27,110 | -€8,650 | €11,385 | ▲ 232% |
| Investment in fixed assets (approximation) | - | €0 | -€7,000 | €0 | €0 | - |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 35 days late
2024
31-12
Financial
Weakest financial yearnet -€27,698
Net result drops to -€27,698, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 320 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €5,645 ▲1,414%
Operating result €15,028, net result €5,645, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Boom · 1 establishment unit since 2012
Ground area
197 m²
Building footprint
181 m²
Volume, LiDAR
1,062 m³
Parcel 11005A0530/00R003, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ASS
since 20122.209.473.027
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11005A0530/00R003 | Flanders | 197 m² | 1 · 181 m² | 9.9 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.
Similar companies · same sector, comparable size
ETABLISSEMENT GUISSART
BE 1001.624.374
Seraing · Eq €11,253
Keukens & Co
BE 0835.217.213
Kortenaken · Eq €11,240
La Menuiserie Bertrand
BE 0842.263.470
Villers-le-Bouillet · Eq €11,238
House-works
BE 0898.530.893
Ronse · Eq €11,224
Interieurinrichting Abass
BE 0798.596.743
Lier · Eq €11,224
Of 20,028 companies in sector 43320 we hold annual accounts for 9,135. 4,922 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
Founded09-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
42911Civil engineering
43120Site preparation
43310Plastering work
43341Painting of buildings
Scores and ratios are computed by Checked and are not a credit decision.