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ASSAADA

Active
General partnershipfounded 200422 yrs activeThéodore Verhaegenstraat 203, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0864.437.373
Summary

ASSAADA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,566 and a net result of €1,811. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 4801 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability59▼-33
Solvency100▲+8
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 5.67 against 3.0 in 2024; short-term debt: 17.6% and cash: 33.3% of total assets), and 17.6% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 22 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
82.4%
Return on assets
8.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €17,566
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 d early
2024
6 d early
2023
7 d early
2022
4 d early
2021
9 d early
2020
9 d early
2019
5 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 8 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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 25 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ASSAADA was incorporated on 31 March 2004.1 Total assets went from EUR 22,651 in 2018 to EUR 21,330 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
€7,119
EBIT margin
-27.5%
Net result
€1,811▼ 65.1%
2024 · €5,184
Working capital
€17,566▲ 11.5%
2024 · €15,755
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 96, Personal service 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€7,119
Operating result-€1,959▲ 68.0%-€2,340▼ 19.4%€396€5,335▲ 1,247%€1,872▼ 64.9%
Net result-€2,075within the sector's middle half▲ 66.7%-€2,418within the sector's middle half▼ 16.5%€334within the sector's middle half€5,184within the sector's middle half▲ 1,451%€1,811within the sector's middle half▼ 65.1%
EBIT margin-27.5%
Equity€12,660within the sector's middle half▼ 14.1%€10,243within the sector's middle half▼ 19.1%€10,577within the sector's middle half▲ 3.3%€15,755within the sector's middle half▲ 49.0%€17,566within the sector's middle half▲ 11.5%
Total assets€18,674below the sector's middle half▲ 26.3%€14,143below the sector's middle half▼ 24.3%€15,935below the sector's middle half▲ 12.7%€23,647within the sector's middle half▲ 48.4%€21,330below the sector's middle half▼ 9.8%
Debt€6,014▲ 12,431%€3,900▼ 35.1%€5,358▲ 37.4%€7,892▲ 47.3%€3,765▼ 52.3%
Working capital€12,573within the sector's middle half▼ 13.6%€10,243within the sector's middle half▼ 18.5%€10,577within the sector's middle half▲ 3.3%€15,755within the sector's middle half▲ 49.0%€17,566within the sector's middle half▲ 11.5%
Solvency67.8%above the sector's middle half▼ 31.9pp72.4%above the sector's middle half▲ 4.6pp66.4%above the sector's middle half▼ 6.0pp66.6%above the sector's middle half▲ 0.2pp82.4%above the sector's middle half▲ 15.7pp
Current ratio3.09above the sector's middle half3.63above the sector's middle half▲ 0.542.97above the sector's middle half▼ 0.653.00above the sector's middle half▲ 0.025.67above the sector's middle half▲ 2.67
Return on assets (ROA)-11.1%below the sector's middle half▲ 31.0pp-17.1%below the sector's middle half▼ 6.0pp2.1%within the sector's middle half▲ 19.2pp21.9%above the sector's middle half▲ 19.8pp8.5%within the sector's middle half▼ 13.4pp
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
-€4,000-€2,000€0€2,000€4,000€6,000Operating result 2021: -€1,959-€1,959Net result 2021: -€2,075-€2,075Operating result 2022: -€2,340-€2,340Net result 2022: -€2,418-€2,418Operating result 2023: €396€396Net result 2023: €334€334Operating result 2024: €5,335€5,335Net result 2024: €5,184€5,184Operating result 2025: €1,872€1,872Net result 2025: €1,811€1,81120212022202320242025€0€2,000€4,000€6,000Operating result 2023: €396€396Net result 2023: €334€334Operating result 2024: €5,335€5,340Net result 2024: €5,184€5,180Operating result 2025: €1,872€1,870Net result 2025: €1,811€1,810202320242025
The operating result falls in 2025; 2025 is 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €21,330
Equity €17,566 ▲ 11.5%
Debt €3,765 ▼ 52.3%
Debt's share of the balance-sheet total falls from 33.4% to 17.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.21▼
2024 · 0.50
ROE
10.3%▼
2024 · 32.9%
Debt ≤ 1 year
€3,765▼
2024 · €7,892
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of 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 bankruptcy probability of 0.2% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€23,647€21,330▼
Current assets29/58€23,647€21,330▼
Amounts receivable within one year40/41€12,037€12,259▲
Other amounts receivable41€12,037€12,259▲
Cash at bank and in hand54/58€7,330€7,098▼
Deferred charges and accrued income490/1€4,280€1,974▼
Equity and liabilities
Total equity and liabilities10/49€23,647€21,330▼
Equity10/15€15,755€17,566▲
Contributions10/11€18,600€18,600=
Reserves13€1,100€1,100=
Non-distributable reserves130/1€1,100€1,100=
Reserves not available under the articles1311€1,100€1,100=
Profit (loss) carried forward14-€3,945-€2,134▲
Amounts payable17/49€7,892€3,765▼
Amounts payable within one year42/48€7,892€3,765▼
Trade debts44€7,892€3,765▼
Suppliers440/4€7,892€3,765▼
Income statement Code20242025
Other operating charges640/8€43€56▲
Gross operating margin9900€5,378€1,927▼
Operating profit (loss)9901€5,335€1,872▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€151€61▼
Recurring financial charges65€151€61▼
Profit (loss) for the period before taxes9903€5,184€1,811▼
Profit (loss) for the period9904€5,184€1,811▼
Profit (loss) for the period to be appropriated9905€5,184€1,811▼
Appropriation of the result
Profit (loss) to be appropriated9906-€3,939-€2,134▲
Profit (loss) brought forward from the previous period14P-€9,123-€3,945▲
Transfer to equity691/2€6-
To contributions691€6-

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€7,119-----
Non-recurring operating income76A€3,700-----
Goods, raw materials, services and sundry goods60/61€12,690-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88€88----
Other operating charges640/8-€43€43€43€56▲ 28.2%
Gross operating margin9900-€1,871-€2,208€439€5,378€1,927▼ 64.2%
Operating profit (loss)9901-€1,959-€2,340€396€5,335€1,872▼ 64.9%
Financial income75/76B-€10-€1--
Recurring financial income75-€10-€1--
Financial charges65/66B€116€88€62€151€61▼ 59.8%
Recurring financial charges65€116€88€62€151€61▼ 59.8%
Profit (loss) for the period before taxes9903-€2,075-€2,418€334€5,184€1,811▼ 65.1%
Profit (loss) for the period9904-€2,075-€2,418€334€5,184€1,811▼ 65.1%
Profit (loss) for the period to be appropriated9905-€2,075-€2,418€334€5,184€1,811▼ 65.1%
Line20212022202320242025Change
Assets
Total assets20/58€18,674€14,143€15,935€23,647€21,330▼ 9.8%
Fixed assets21/28€88-----
Tangible fixed assets22/27€88-----
Other tangible fixed assets26€88-----
Current assets29/58€18,586€14,143€15,935€23,647€21,330▼ 9.8%
Amounts receivable within one year40/41€9,173€10,688€11,882€12,037€12,259▲ 1.8%
Other amounts receivable41€9,173€10,688€11,882€12,037€12,259▲ 1.8%
Cash at bank and in hand54/58€7,928€1,481€2,079€7,330€7,098▼ 3.2%
Deferred charges and accrued income490/1€1,485€1,974€1,974€4,280€1,974▼ 53.9%
Equity and liabilities
Total equity and liabilities10/49€18,674€14,143€15,935€23,647€21,330▼ 9.8%
Equity10/15€12,660€10,243€10,577€15,755€17,566▲ 11.5%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€1,100€1,100€1,100€1,100€1,100=
Non-distributable reserves130/1€1,100€1,100€1,100€1,100€1,100=
Reserves not available under the articles1311€1,100€1,100€1,100€1,100€1,100=
Profit (loss) carried forward14-€7,040-€9,457-€9,123-€3,945-€2,134▲ 45.9%
Amounts payable17/49€6,014€3,900€5,358€7,892€3,765▼ 52.3%
Amounts payable within one year42/48€6,014€3,900€5,358€7,892€3,765▼ 52.3%
Trade debts44€3,514€1,706€5,358€7,892€3,765▼ 52.3%
Suppliers440/4€3,514€1,706€5,358€7,892€3,765▼ 52.3%
Other amounts payable47/48€2,500€2,194----
Line20212022202320242025Change
Profit (loss) for the period9904-€2,075-€2,418€334€5,184€1,811▼ 65.1%
+ Depreciation and write-downs630€88€88----
Operating cash flow (approximation)-€1,987-€2,330€334€5,184€1,811▼ 65.1%
Change in cash--€6,448€598€5,251-€233▼ 104%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2018net €5,184 ▲1,451%
Operating result €5,335, net result €5,184, both a record.
24-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €334
Net result €334 after 5 loss-making years.
27-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Weakest financial yearnet -€6,225
Net result drops to -€6,225, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity times 17current ratio 304.39
Current ratio from 17.97 to 304.39; short-term debt falls from €1,220 to €48.
26-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
17-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
16-07
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 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2004
seat establishment The establishment unit on the map
Ground area
233 m²
Building footprint
189 m²
Volume, LiDAR
2,104 m³
Parcel 21562A0436/00S002, Brussels · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ASSAADA
Théodore Verhaegenstraat 203, 1060 Sint-Gillis (bij-Brussel)NACE 93040
since 20042.136.935.734
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21562A0436/00S002 Brussels 233 m² 1 · 189 m² 15.1 m · 4 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

Of 6,705 companies in this sector we hold annual accounts for 628. 454 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formGeneral partnership
Founded31-03-2004
Fiscal year end31-12
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
47750Retail sale of cosmetics and toilet articles
E-invoicing
Not found in the Peppol register

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.