ASSABBAN
ActiveSummary
ASSABBAN has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.4m and a net result of -€165,140. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 95% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▲+6
Solvency100=
Growth46=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260,000 at 30 days acceptable
Liquidity ample (current ratio 6.05 against 4.97 in 2024; short-term debt: 6.6% and cash: 22.3% of total assets), and 6.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
93.4%
Return on assets
-4.5%
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 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €3.4m
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
86 d late
2022
105 d late
2021
86 d late
2020
90 d late
2019
122 d late
← 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 3 days before the deadline, and 39% 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 October (4 of the last 5 filed years within 86 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 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 check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#1 company by equity in Farciennes, Wholesale and retail trade sector#2 company by total assets in Farciennes, Wholesale and retail trade sector#2 oldest company in Farciennes, Wholesale and retail trade sector
Turnover
€3.4m▼ 1.8%
2023 · €3.5m
EBIT margin
-2.4%▼ 3.9pp
2023 · 1.4%
Net result
-€165,140▼ 50.9%
2024 · -€109,451
Working capital
€1.2m▲ 4.4%
2024 · €1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20212022202320242025
Turnover€3.4m▼ 22.4%€3.3m▼ 1.7%€3.5m▲ 4.7%€3.4m▼ 1.8%
Operating result-€40,594-€16,085▲ 60.4%€50,695-€82,883-€155,075▼ 87.1%
Net result-€58,091below the sector's middle half-€33,926below the sector's middle half▲ 41.6%€38,596within the sector's middle half-€109,451below the sector's middle half-€165,140below the sector's middle half▼ 50.9%
EBIT margin-1.2%▼ 11.5pp-0.5%▲ 0.7pp1.4%▲ 1.9pp-2.4%▼ 3.9pp
Equity€2.1mwithin the sector's middle half▼ 2.7%€2.0mwithin the sector's middle half▼ 6.1%€2.0mwithin the sector's middle half▲ 1.9%€1.9mwithin the sector's middle half▼ 5.4%€3.4mwithin the sector's middle half▲ 78.3%
Total assets€2.6mwithin the sector's middle half▼ 0.1%€2.4mwithin the sector's middle half▼ 9.2%€2.4mwithin the sector's middle half▲ 0.3%€2.2mwithin the sector's middle half▼ 6.3%€3.7mwithin the sector's middle half▲ 65.6%
Debt€474,460▲ 13.3%€365,505▼ 23.0%€335,026▼ 8.3%€293,871▼ 12.3%€241,121▼ 18.0%
Working capital€982,248within the sector's middle half▲ 5.0%€955,417within the sector's middle half▼ 2.7%€1.1mwithin the sector's middle half▲ 18.8%€1.2mwithin the sector's middle half▲ 2.8%€1.2mwithin the sector's middle half▲ 4.4%
Solvency81.8%above the sector's middle half▼ 2.2pp84.5%above the sector's middle half▲ 2.8pp85.9%above the sector's middle half▲ 1.3pp86.8%above the sector's middle half▲ 0.9pp93.4%above the sector's middle half▲ 6.7pp
Current ratio3.26above the sector's middle half▼ 0.453.66above the sector's middle half▲ 0.404.39above the sector's middle half▲ 0.734.97above the sector's middle half▲ 0.586.05above the sector's middle half▲ 1.08
Return on assets (ROA)-2.2%below the sector's middle half▼ 15.3pp-1.4%below the sector's middle half▲ 0.8pp1.6%within the sector's middle half▲ 3.1pp-4.9%below the sector's middle half▼ 6.6pp-4.5%below the sector's middle half▲ 0.4pp
Staff (FTE)18within the sector's middle half=19within the sector's middle half▲ 5.6%19within the sector's middle half=19within the sector's middle half=18within the sector's middle half▼ 5.3%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €155,075 in 2025 against €82,883 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.7m
Fixed assets
€2.2m ▲ 192%
Current assets
€1.5m ▼ 0.1%
Equity and liabilities €3.7m
Equity
€3.4m ▲ 78.3%
Debt
€241,121 ▼ 18.0%
Debt's share of the balance-sheet total falls from 13.2% to 6.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€65,643▲
2024 · €58,109
Cash flow
€55,578▲
2024 · €31,541
Quick ratio
4.30▲
2024 · 3.22
Debt to equity
0.07▼
2024 · 0.15
ROE
-4.8%▲
2024 · -5.7%
Interest coverage
3.79▼
2024 · 3.92
Debt ≤ 1 year
€241,121▼
2024 · €293,871
Staff costs
€636,764▼
2024 · €672,855
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 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 8,616 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 | €3.4m | €3.3m | €3.5m | €3.4m | - | - |
| Non-recurring operating income76A | - | - | - | - | €188 | - |
| Goods, raw materials, services and sundry goods60/61 | €2.6m | €2.6m | €2.6m | €2.6m | - | - |
| Remuneration, social security and pensions62 | €601,589 | €591,688 | €651,765 | €672,855 | €636,764 | ▼ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €166,543 | €150,566 | €147,115 | €140,992 | €220,718 | ▲ 56.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,533 | €377 | - | - | - | - |
| Other operating charges640/8 | €57,008 | €56,977 | €56,314 | €97,218 | €69,974 | ▼ 28.0% |
| Non-recurring operating charges66A | - | - | - | - | €1,997 | - |
| Gross operating margin9900 | €787,079 | €783,523 | €905,889 | €828,182 | €774,378 | ▼ 6.5% |
| Operating profit (loss)9901 | -€40,594 | -€16,085 | €50,695 | -€82,883 | -€155,075 | ▼ 87.1% |
| Financial income75/76B | €3,774 | €3,327 | €1,600 | €3,056 | €7,249 | ▲ 137% |
| Recurring financial income75 | €641 | €1,765 | €1,600 | €3,056 | €7,249 | ▲ 137% |
| Non-recurring financial income76B | €3,133 | €1,562 | - | - | - | - |
| Financial charges65/66B | €21,271 | €16,935 | €13,699 | €29,624 | €17,314 | ▼ 41.6% |
| Recurring financial charges65 | €18,825 | €15,583 | €13,479 | €14,817 | €17,314 | ▲ 16.9% |
| Non-recurring financial charges66B | €2,446 | €1,352 | €220 | €14,807 | - | - |
| Profit (loss) for the period before taxes9903 | -€58,091 | -€29,694 | €38,596 | -€109,451 | -€165,140 | ▼ 50.9% |
| Income taxes67/77 | - | €4,233 | - | - | - | - |
| Profit (loss) for the period9904 | -€58,091 | -€33,926 | €38,596 | -€109,451 | -€165,140 | ▼ 50.9% |
| Profit (loss) for the period to be appropriated9905 | -€58,091 | -€33,926 | €38,596 | -€109,451 | -€165,140 | ▼ 50.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.6m | €2.4m | €2.4m | €2.2m | €3.7m | ▲ 65.6% |
| Fixed assets21/28 | €1.2m | €1.0m | €902,648 | €761,655 | €2.2m | ▲ 192% |
| Tangible fixed assets22/27 | €1.2m | €1.0m | €902,628 | €761,635 | €2.2m | ▲ 192% |
| Land and buildings22 | €1.1m | €1.0m | €879,121 | €749,047 | €2.2m | ▲ 196% |
| Plant, machinery and equipment23 | €32,585 | €31,334 | €21,189 | €11,043 | €5,305 | ▼ 52.0% |
| Furniture and vehicles24 | €15,245 | €9,213 | €2,318 | €1,545 | €773 | ▼ 50.0% |
| Financial fixed assets28 | €20 | €20 | €20 | €20 | €20 | = |
| Current assets29/58 | €1.4m | €1.3m | €1.5m | €1.5m | €1.5m | ▼ 0.1% |
| Stocks and contracts in progress3 | €313,115 | €348,376 | €484,016 | €515,221 | €422,595 | ▼ 18.0% |
| Stocks30/36 | €313,115 | €348,376 | €484,016 | €515,221 | €422,595 | ▼ 18.0% |
| Amounts receivable within one year40/41 | €204,780 | €212,724 | €284,896 | €261,386 | €217,609 | ▼ 16.7% |
| Trade receivables40 | €132,757 | €119,589 | €163,153 | €146,572 | €114,610 | ▼ 21.8% |
| Other amounts receivable41 | €72,023 | €93,135 | €121,743 | €114,814 | €102,999 | ▼ 10.3% |
| Cash at bank and in hand54/58 | €898,770 | €754,011 | €701,432 | €669,877 | €819,453 | ▲ 22.3% |
| Deferred charges and accrued income490/1 | - | - | - | €14,247 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.6m | €2.4m | €2.4m | €2.2m | €3.7m | ▲ 65.6% |
| Equity10/15 | €2.1m | €2.0m | €2.0m | €1.9m | €3.4m | ▲ 78.3% |
| Contributions10/11 | €600,000 | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Capital10 | €600,000 | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Issued capital100 | €600,000 | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Revaluation surpluses12 | - | - | - | - | €1.7m | - |
| Reserves13 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Non-distributable reserves130/1 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Legal reserve130 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Profit (loss) carried forward14 | €1.5m | €1.3m | €1.4m | €1.3m | €1.1m | ▼ 13.0% |
| Amounts payable17/49 | €474,460 | €365,505 | €335,026 | €293,871 | €241,121 | ▼ 18.0% |
| Amounts payable after more than one year17 | €40,043 | €5,810 | - | - | - | - |
| Financial debts170/4 | €40,043 | €5,810 | - | - | - | - |
| Amounts payable within one year42/48 | €434,417 | €359,694 | €335,026 | €293,871 | €241,121 | ▼ 18.0% |
| Current portion of amounts payable after more than one year42 | €33,174 | €34,232 | €5,810 | €0 | - | - |
| Trade debts44 | €261,473 | €278,578 | €201,087 | €197,080 | €137,542 | ▼ 30.2% |
| Suppliers440/4 | €261,473 | €278,578 | €201,087 | €197,080 | €137,542 | ▼ 30.2% |
| Taxes, remuneration and social security45 | €133,869 | €46,885 | €128,129 | €96,791 | €96,958 | ▲ 0.2% |
| Taxes450/3 | €45,686 | €817 | €25,568 | €5,750 | €972 | ▼ 83.1% |
| Remuneration and social security454/9 | €88,183 | €46,068 | €102,561 | €91,041 | €95,986 | ▲ 5.4% |
| Other amounts payable47/48 | €5,901 | - | - | - | €6,621 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€58,091 | -€33,926 | €38,596 | -€109,451 | -€165,140 | ▼ 50.9% |
| + Depreciation and write-downs630 | €166,543 | €150,566 | €147,115 | €140,992 | €220,718 | ▲ 56.5% |
| Operating cash flow (approximation) | €108,452 | €116,639 | €185,711 | €31,541 | €55,578 | ▲ 76.2% |
| Investment in fixed assets (approximation) | - | -€13,210 | €0 | €1 | -€1.7m | ▼ 167,991,500% |
| Change in cash | - | -€144,759 | -€52,579 | -€31,555 | €149,576 | ▲ 574% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
20-03
State Gazette act
Reappointments: ASSABBAN Hassan, ASSABBAN Rachid and ASSABBAN Driss6 facts ▸
State Gazette act
Reappointments: ASSABBAN Hassan, ASSABBAN Rachid and ASSABBAN Driss
6 facts ▸
- General meeting, 02/03/2026
- Director reappointment, ASSABBAN Hassan (director)
- Director reappointment, ASSABBAN Rachid (director)
- Director reappointment, ASSABBAN Driss (director)
- Board meeting, 02/03/2026
- Director reappointment, ASSABBAN Hassan (managing director)
2025
31-12
Financial
Weakest financial yearnet -€165,140
Net result drops to -€165,140, the lowest in the series.
31-12
Financial
Equity above €2mEq €3.4m ▲78.3%
Equity rises from €1.9m to €3.4m.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 86 days late
2023
31-12
Financial
Back to profitnet €38,596
Net result €38,596 after 2 loss-making years.
31-12
Financial
Equity above €2mEq €2.0m ▲1.9%
Equity rises from €2.0m to €2.0m.
13-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 105 days late
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 86 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
31-12
Financial
Highest result since 2018net €341,126 ▲144%
Operating result €450,534, net result €341,126, both a record.
Show earlier events
31-12
Financial
Equity above €2mEq €2.2m ▲14.8%
3 profitable years in a row build equity to €2.2m.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 77 days late
2018
05-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 127 days late
2017
24-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 55 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26039848). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
ASSABBAN Driss
CurrentDirector · since 01-02-2026
ASSABBAN Hassan
CurrentDirector · since 01-02-2026
ASSABBAN Rachid
CurrentDirector · since 01-02-2026
Day-to-day management 1
ASSABBAN Hassan
CurrentManaging director · since 01-02-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Farciennes · 2 establishment units since 1995
Ground area
7,116 m²
Building footprint
415 m²
Volume, LiDAR
6,466 m³
2 parcels, Brussels, Wallonia · tallest building 19.8 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Rue du Roton(FAR) 32, 6240 Farciennes
since 19952.071.686.012
ASSABAN DIFFUSION
since 19992.071.685.913
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52018A0105/00A003 | Wallonia | 5,983 m² | - | - |
| 21307E0121/00R003 | Brussels | 1,133 m² | 1 · 415 m² | 19.8 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| ASSABBAN Driss |
|
| ASSABBAN Hassan |
|
| ASSABBAN Rachid |
|
Structure & network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, scroll to zoom.
Recognitions · licences · registrations
Legal Entity Identifier
549300D389ESTS7GWB90
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Identification & contact
Identification
Legal formPublic limited company
Founded06-12-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46411Wholesale trade
46412Wholesale of household textiles and bedding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454058384
Also
9925:BE0454058384
Registered
23-06-2025
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.