Summary
ASSaPP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €30.2m and a net result of €721,107. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 73% of 5558 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 27 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
27 d late
2024
32 d late
2023
23 d late
2022
46 d late
2021
3 d late
2020
1 d early
2019
28 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 15 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by equity in Arendonk, Finance and insurance sector#4 company by total assets in Arendonk, Finance and insurance sector#5 oldest company in Arendonk, Finance and insurance sector
Equity
€30.2m▲ 2.4%
2024 · €29.5m
Net result
€721,107▼ 91.9%
2024 · €8.9m
Total assets
€39.6m▲ 1.8%
2024 · €38.9m
Solvency
76.3%▲ 0.5pp
2024 · 75.8%
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€367,956▼ 0.3%€533,160▲ 44.9%€290,526▼ 45.5%€230,598▼ 20.6%€47,498▼ 79.4%
Net result€592,812▲ 123%€730,664▲ 23.3%€4.2m▲ 474%€8.9m▲ 112%€721,107▼ 91.9%
Equity€15.7m▲ 3.9%€16.4m▲ 4.7%€20.6m▲ 25.6%€29.5m▲ 43.3%€30.2m▲ 2.4%
Total assets€24.2m▲ 0.5%€29.8m▲ 23.1%€30.2m▲ 1.3%€38.9m▲ 29.0%€39.6m▲ 1.8%
Debt€8.5m▼ 5.2%€13.4m▲ 57.1%€9.6m▼ 28.4%€9.4m▼ 1.8%€9.4m▼ 0.2%
Working capital-€4.2m▲ 12.0%-€186,767▲ 95.6%€384,619€6.2m▲ 1,510%€2.6m▼ 57.2%
Solvency64.8%▲ 2.1pp55.1%▼ 9.7pp68.3%▲ 13.2pp75.8%▲ 7.6pp76.3%▲ 0.5pp
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 79% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39.6m
Fixed assets
€33.0m ▲ 0.8%
Current assets
€6.7m ▲ 7.0%
Equity and liabilities €39.6m
Equity
€30.2m ▲ 2.4%
Debt
€9.4m ▼ 0.2%
Debt's share of the balance-sheet total falls from 24.2% to 23.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
2.4%▼
2024 · 30.2%
ROA
1.8%▼
2024 · 22.9%
Debt ≤ 1 year
€4.0m▲
2024 · €34,420
Debt > 1 year
€5.4m▼
2024 · €9.4m
Income taxes
€24,838▲
2024 · €17,665
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | €675 | €6,975 | €25,376 | ▲ 264% |
| Other operating charges640/8 | - | €4,347 | €3,772 | €3,932 | €87,444 | ▲ 2,124% |
| Gross operating margin9900 | €370,779 | €537,508 | €294,972 | €241,505 | €160,318 | ▼ 33.6% |
| Operating profit (loss)9901 | €367,956 | €533,160 | €290,526 | €230,598 | €47,498 | ▼ 79.4% |
| Financial income75/76B | - | €499,797 | €4.1m | €8.9m | €738,094 | ▼ 91.7% |
| Recurring financial income75 | €391,465 | €499,797 | €4.1m | €8.9m | €738,094 | ▼ 91.7% |
| Financial charges65/66B | - | €187,268 | €94,332 | €197,545 | €39,647 | ▼ 79.9% |
| Recurring financial charges65 | €96,177 | €187,268 | €94,332 | €197,545 | €39,647 | ▼ 79.9% |
| Profit (loss) for the period before taxes9903 | €663,244 | €845,689 | €4.3m | €8.9m | €745,945 | ▼ 91.6% |
| Income taxes67/77 | €70,431 | €115,025 | €60,738 | €17,665 | €24,838 | ▲ 40.6% |
| Profit (loss) for the period9904 | €592,812 | €730,664 | €4.2m | €8.9m | €721,107 | ▼ 91.9% |
| Profit (loss) for the period to be appropriated9905 | €592,812 | €730,664 | €4.2m | €8.9m | €721,107 | ▼ 91.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24.2m | €29.8m | €30.2m | €38.9m | €39.6m | ▲ 1.8% |
| Fixed assets21/28 | €23.5m | €24.2m | €24.2m | €32.7m | €33.0m | ▲ 0.8% |
| Tangible fixed assets22/27 | - | - | €2,301 | €73,176 | €737,800 | ▲ 908% |
| Land and buildings22 | - | - | - | - | €680,938 | - |
| Furniture and vehicles24 | - | - | €2,301 | €73,176 | €56,862 | ▼ 22.3% |
| Financial fixed assets28 | €23.5m | €24.2m | €24.2m | €32.6m | €32.2m | ▼ 1.2% |
| Current assets29/58 | €743,442 | €5.6m | €5.9m | €6.2m | €6.7m | ▲ 7.0% |
| Amounts receivable within one year40/41 | €559,656 | €1.1m | €1.3m | €1.5m | €2.0m | ▲ 33.0% |
| Trade receivables40 | - | €9,680 | €35,324 | €13,210 | €28,345 | ▲ 115% |
| Other amounts receivable41 | - | €1.1m | €1.3m | €1.5m | €2.0m | ▲ 32.3% |
| Current investments50/53 | - | €4.3m | €4.3m | €4.4m | €4.2m | ▼ 4.0% |
| Cash at bank and in hand54/58 | €182,584 | €187,698 | €305,999 | €336,088 | €438,195 | ▲ 30.4% |
| Deferred charges and accrued income490/1 | - | €1,241 | €1,313 | €772 | €7,869 | ▲ 920% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24.2m | €29.8m | €30.2m | €38.9m | €39.6m | ▲ 1.8% |
| Equity10/15 | €15.7m | €16.4m | €20.6m | €29.5m | €30.2m | ▲ 2.4% |
| Contributions10/11 | €9.0m | €9.0m | €9.0m | €9.0m | €9.0m | = |
| Capital10 | - | €9.0m | €9.0m | €9.0m | €9.0m | = |
| Issued capital100 | - | €9.0m | €9.0m | €9.0m | €9.0m | = |
| Reserves13 | €6.7m | €7.5m | €11.6m | €20.6m | €21.3m | ▲ 3.5% |
| Non-distributable reserves130/1 | - | €460,441 | €460,441 | €460,441 | €460,441 | = |
| Legal reserve130 | - | €460,441 | €460,441 | €460,441 | €460,441 | = |
| Distributable reserves133 | - | €7.0m | €11.2m | €20.1m | €20.8m | ▲ 3.6% |
| Amounts payable17/49 | €8.5m | €13.4m | €9.6m | €9.4m | €9.4m | ▼ 0.2% |
| Amounts payable after more than one year17 | €3.6m | €7.6m | €4.0m | €9.4m | €5.4m | ▼ 42.7% |
| Financial debts170/4 | - | €7.6m | €4.0m | €9.4m | €5.4m | ▼ 42.7% |
| Amounts payable within one year42/48 | €4.9m | €5.8m | €5.6m | €34,420 | €4.0m | ▲ 11,564% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €4.0m | - |
| Financial debts43 | - | €5.8m | €5.5m | €0 | - | - |
| Credit institutions430/8 | - | €5.8m | €5.5m | €0 | - | - |
| Trade debts44 | €39,756 | €3,934 | €2,560 | €21,722 | €1,465 | ▼ 93.3% |
| Suppliers440/4 | - | €3,934 | €2,560 | €21,722 | €1,465 | ▼ 93.3% |
| Taxes, remuneration and social security45 | - | €50,434 | €58,661 | €12,698 | €13,374 | ▲ 5.3% |
| Taxes450/3 | - | €50,434 | €58,661 | €12,698 | €13,374 | ▲ 5.3% |
| Accrued charges and deferred income492/3 | - | - | €8,333 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €592,812 | €730,664 | €4.2m | €8.9m | €721,107 | ▼ 91.9% |
| + Depreciation and write-downs630 | €0 | - | €675 | €6,975 | €25,376 | ▲ 264% |
| Operating cash flow (approximation) | €592,812 | €730,664 | €4.2m | €8.9m | €746,483 | ▼ 91.6% |
| Investment in fixed assets (approximation) | - | -€716,516 | -€64,773 | -€8.5m | -€290,000 | ▲ 96.6% |
| Change in cash | - | €5,114 | €118,300 | €30,090 | €102,107 | ▲ 239% |
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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2024
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 32 days late
10-06
State Gazette act
General meeting · Director reappointment
Director resignation · Director appointment
31-03
Financial
Highest result since 2019net €8.9m ▲112%
Net result €8.9m, the highest in the series.
31-03
Financial
Liquidity times 169current ratio 180.87
Current ratio from 1.07 to 180.87; short-term debt falls from €5.6m to €34,420.
31-03
Financial
Equity above €25mEq €29.5m ▲43.3%
6 profitable years in a row build equity to €29.5m.
2023
23-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 23 days late
17-10
State Gazette act
Statutes amendment · Capital
Corporate purpose · Director appointment
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 46 days late
30-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Mandate compensation
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
31-03
Financial
Weakest financial yearnet €265,587 ▼56.2%
Net result drops to €265,587, the lowest in the series; recovery starts the following year.
2019
03-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Arendonk · 1 establishment unit since 1999
Ground area
5,231 m²
Building footprint
937 m²
Parcel 13001A0020/00G004, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
De Lusthoven 96, 2370 Arendonk
since 19992.091.342.467
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13001A0020/00G004 | Flanders | 5,231 m² | 1 · 937 m² | - |
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.
Structure & network
Connections & network
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
254900DT48NF70BO8O27
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 3,485 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-05-1999
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.