ASSAR BE ARCHITECTS
InactiveFinancials · financial year 2025, full format
Turnover
€294,634▼ 97.9%
2024 · €14.0m
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€160,428▲ 12,392%
2024 · €1,284
Working capital
€2.3m▲ 5.0%
2024 · €2.2m
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 607% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.3m
2025
Operating result€0.3m
2025
Net result€0.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€29.4m
2025
Equity€2.4m
2025
Debt€26.7m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2.3m
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)28.3
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€12.8m€7.2m▼ 43.8%€14.4m▲ 100%€14.0m▼ 3.1%€0.3m▼ 97.9%
Operating result€0.01m--€0.003m€0.3m€0.2m▼ 44.5%€0.2m▲ 2.0%€0.05m▼ 71.5%€0.3m▲ 607%
Net result€0.008m--€0.004m€0.2m€0.1m▼ 46.7%€0.1m▲ 13.2%€0.001m▼ 99.0%€0.2m▲ 12,392%
Equity€0.04m-€0.03m▼ 9.6%€0.8m▲ 2,298%€0.9m▲ 13.9%€2.2m▲ 138%€2.2m▲ 0.1%€2.4m▲ 7.1%
Total assets€0.04m-€0.04m▼ 19.8%€32.0m▲ 89,248%€33.4m▲ 4.6%€16.1m▼ 51.8%€14.5m▼ 10.3%€29.4m▲ 103%
Debt€0.007m-€0.002m▼ 75.3%€30.7m▲ 1,796,461%€32.1m▲ 4.6%€13.5m▼ 57.9%€11.8m▼ 12.5%€26.7m▲ 126%
Working capital€0.04m-€0.03m▼ 9.7%€0.8m▲ 2,178%€0.9m▲ 14.1%€2.1m▲ 137%€2.2m▲ 6.1%€2.3m▲ 5.0%
Staff (FTE)17.515.9▼ 9.1%28.8▲ 81.1%28.6▼ 0.7%28.3▼ 1.0%
Why a figure moved sharply
- 2024 Net result -99% on 2023. Merger absorbing ASSAR LLOX ARCHITECTS, effective 15-09-2023, in the previous financial year; now counts for a full year for the first time. Merger absorbing ASSAR L'ATELIER ARCHITECTS, effective 15-09-2023, in the previous financial year; now counts for a full year for the first time.
- 2023 Turnover +100%, Equity +138%, Staff (FTE) +81% on 2022. Merger absorbing ASSAR LLOX ARCHITECTS, effective 15-09-2023. Merger absorbing ASSAR L'ATELIER ARCHITECTS, effective 15-09-2023.
- 2021 Equity +2,298% on 2020. Branch of activity received from ASSAR ARCHITECTS, effective 01-01-2021. Capital increase of €570,000 (Official Gazette 22-06-2021).
- 2021 Total assets +89,248% on 2020. Branch of activity received from ASSAR ARCHITECTS, effective 01-01-2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29.4m
Fixed assets
€642,674 ▼ 8.4%
Current assets
€28.8m ▲ 109%
Equity and liabilities €29.4m
Equity
€2.4m ▲ 7.1%
Provisions
€387,076 ▼ 12.8%
Debt
€26.7m ▲ 126%
Debt's share of the balance-sheet total rises from 81.6% to 90.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€445,508▲
2024 · €171,433
Cash flow
€261,200▲
2024 · €123,957
Current ratio
1.09▼
2024 · 1.19
Quick ratio
0.43▼
2024 · 1.08
Debt to equity
11.24▲
2024 · 5.33
ROE
6.8%▲
2024 · 0.1%
ROA
0.5%▲
2024 · 0.0%
Interest coverage
40.77▲
2024 · 16.50
Debt ≤ 1 year
€26.4m▲
2024 · €11.5m
Debt > 1 year
€134,178▼
2024 · €150,440
Income taxes
€203,769▲
2024 · €58,060
Staff costs
€1.7m▼
2024 · €1.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €11.5m | €11.2m | €12.8m | €16.0m | €14.0m | ▼ 12.0% |
| Turnover70 | - | - | €12.8m | €7.2m | €14.4m | €14.0m | €0.3m | ▼ 97.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | -€1.5m | €3.9m | -€1.9m | €1.7m | €13.6m | ▲ 702% |
| Other operating income74 | - | - | €0.2m | €0.1m | €0.2m | €0.3m | €0.2m | ▼ 40.0% |
| Non-recurring operating income76A | - | - | €110 | - | €478 | €488 | €0.007m | ▲ 1,276% |
| Operating charges60/66A | - | - | €11.2m | €11.0m | €12.6m | €15.9m | €13.7m | ▼ 13.9% |
| Goods for resale, raw materials and consumables60 | - | - | €6.1m | €6.5m | €6.9m | €8.6m | €7.0m | ▼ 18.6% |
| Purchases600/8 | - | - | €6.1m | €6.5m | €6.9m | €8.6m | €7.0m | ▼ 18.6% |
| Services and other goods61 | - | - | €3.8m | €3.3m | €4.5m | €5.0m | €4.8m | ▼ 5.2% |
| Remuneration, social security and pensions62 | - | - | €1.1m | €1.0m | €1.3m | €1.9m | €1.7m | ▼ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €0.08m | €0.08m | €0.1m | €0.1m | €0.1m | ▼ 17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0.04m | €0.1m | -€0.1m | €0.2m | €0.05m | ▼ 77.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €0.1m | -€0.04m | -€0.04m | €0.03m | -€0.06m | - |
| Other operating charges640/8 | - | - | €0.004m | €0.009m | €0.008m | €0.02m | €0.08m | ▲ 366% |
| Non-recurring operating charges66A | - | - | €97 | €0.001m | - | €0.006m | €0.002m | ▼ 69.9% |
| Gross operating margin9900 | €0.01m | - | - | - | - | - | - | - |
| Operating profit (loss)9901 | €0.01m | -€0.003m | €0.3m | €0.2m | €0.2m | €0.05m | €0.3m | ▲ 607% |
| Financial income75/76B | - | - | €0.01m | €0.04m | €0.07m | €0.03m | €0.04m | ▲ 20.2% |
| Recurring financial income75 | - | - | €0.01m | €0.04m | €0.07m | €0.03m | €0.04m | ▲ 20.2% |
| Income from current assets751 | - | - | €0.01m | €0.04m | €0.07m | €0.03m | €0.04m | ▲ 20.3% |
| Other financial income752/9 | - | - | €0 | €7 | €4 | €2 | €0 | ▼ 97.0% |
| Financial charges65/66B | - | - | €0.01m | €0.02m | €0.01m | €0.02m | €0.02m | ▼ 11.7% |
| Recurring financial charges65 | €147 | €151 | €0.01m | €0.02m | €0.01m | €0.02m | €0.02m | ▼ 11.7% |
| Debt charges650 | - | - | €0.003m | €0.007m | €0.004m | €0.01m | €0.01m | ▲ 5.2% |
| Other financial charges652/9 | - | - | €0.01m | €0.008m | €0.008m | €0.01m | €0.008m | ▼ 28.0% |
| Profit (loss) for the period before taxes9903 | €0.01m | -€0.004m | €0.3m | €0.2m | €0.2m | €0.06m | €0.4m | ▲ 514% |
| Income taxes67/77 | €0.003m | -€0 | €0.09m | €0.08m | €0.1m | €0.06m | €0.2m | ▲ 251% |
| Taxes670/3 | - | - | €0.09m | €0.08m | €0.1m | €0.06m | €0.2m | ▲ 247% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.002m | €0.001m | - | - |
| Profit (loss) for the period9904 | €0.008m | -€0.004m | €0.2m | €0.1m | €0.1m | €0.001m | €0.2m | ▲ 12,392% |
| Profit (loss) for the period to be appropriated9905 | €0.008m | -€0.004m | €0.2m | €0.1m | €0.1m | €0.001m | €0.2m | ▲ 12,392% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.04m | €0.04m | €32.0m | €33.4m | €16.1m | €14.5m | €29.4m | ▲ 103% |
| Fixed assets21/28 | - | - | €0.6m | €0.5m | €0.6m | €0.7m | €0.6m | ▼ 8.4% |
| Intangible fixed assets21 | - | - | - | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | - | - | €0.4m | €0.4m | €0.4m | €0.5m | €0.4m | ▼ 13.1% |
| Plant, machinery and equipment23 | - | - | €0.005m | €0.004m | €0.02m | €0.002m | €383 | ▼ 79.3% |
| Furniture and vehicles24 | - | - | €0.07m | €0.06m | €0.1m | €0.2m | €0.2m | ▼ 9.0% |
| Other tangible fixed assets26 | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 15.4% |
| Financial fixed assets28 | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 0.2% |
| Other financial fixed assets284/8 | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 0.2% |
| Amounts receivable and cash guarantees285/8 | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 0.2% |
| Current assets29/58 | €0.04m | €0.04m | €31.4m | €32.9m | €15.5m | €13.8m | €28.8m | ▲ 109% |
| Stocks and contracts in progress3 | - | - | €16.7m | €20.4m | €1.3m | €1.3m | €17.3m | ▲ 1,216% |
| Contracts in progress37 | - | - | €16.7m | €20.4m | €1.3m | €1.3m | €17.3m | ▲ 1,216% |
| Amounts receivable within one year40/41 | €0.001m | €0.002m | €13.0m | €11.6m | €14.0m | €12.3m | €11.4m | ▼ 7.9% |
| Trade receivables40 | - | - | €5.8m | €4.1m | €7.8m | €8.2m | €7.1m | ▼ 12.4% |
| Other amounts receivable41 | - | - | €7.2m | €7.5m | €6.2m | €4.2m | €4.2m | ▲ 1.0% |
| Cash at bank and in hand54/58 | €0.04m | €0.03m | €1.6m | €0.9m | €0.1m | €0.01m | €0.07m | ▲ 414% |
| Deferred charges and accrued income490/1 | - | - | €0.1m | €0.08m | €0.1m | €0.1m | €0.04m | ▼ 64.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.04m | €0.04m | €32.0m | €33.4m | €16.1m | €14.5m | €29.4m | ▲ 103% |
| Equity10/15 | €0.04m | €0.03m | €0.8m | €0.9m | €2.2m | €2.2m | €2.4m | ▲ 7.1% |
| Contributions10/11 | €0.03m | - | €0.6m | €0.6m | €0.8m | €0.8m | €0.8m | = |
| Reserves13 | - | - | - | - | €0.05m | €0.05m | €0.05m | = |
| Tax-exempt reserves132 | - | - | - | - | €0.05m | €0.05m | €0.05m | = |
| Distributable reserves133 | - | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.008m | €0.004m | €0.2m | €0.3m | €1.4m | €1.4m | €1.5m | ▲ 11.6% |
| Provisions and deferred taxes16 | - | - | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 12.8% |
| Provisions for liabilities and charges160/5 | - | - | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 12.8% |
| Environmental obligations163 | - | - | €0.5m | - | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 12.8% |
| Amounts payable17/49 | €0.007m | €0.002m | €30.7m | €32.1m | €13.5m | €11.8m | €26.7m | ▲ 126% |
| Amounts payable after more than one year17 | - | - | - | - | €0.03m | €0.2m | €0.1m | ▼ 10.8% |
| Financial debts170/4 | - | - | - | - | €0.03m | €0.1m | €0.1m | ▼ 11.1% |
| Credit institutions173 | - | - | - | - | €0.03m | €0.1m | €0.1m | ▼ 11.1% |
| Other amounts payable178/9 | - | - | - | - | - | €0.004m | €0.004m | = |
| Amounts payable within one year42/48 | €0.007m | €0.002m | €30.6m | €32.0m | €13.4m | €11.5m | €26.4m | ▲ 129% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.03m | €0.09m | €0.1m | ▲ 7.4% |
| Trade debts44 | €0.003m | €0.002m | €4.1m | €2.3m | €4.7m | €3.8m | €4.4m | ▲ 16.6% |
| Suppliers440/4 | - | - | €4.1m | €2.3m | €4.7m | €3.8m | €4.4m | ▲ 16.6% |
| Advances received on contracts in progress46 | - | - | €22.7m | €26.0m | €8.3m | €6.6m | €19.7m | ▲ 197% |
| Taxes, remuneration and social security45 | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 28.9% |
| Taxes450/3 | - | - | - | €0.06m | €0.02m | €0 | €0.1m | - |
| Remuneration and social security454/9 | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 23.8% |
| Other amounts payable47/48 | - | - | €3.6m | €3.5m | €0.1m | €0.8m | €1.9m | ▲ 140% |
| Accrued charges and deferred income492/3 | - | - | €0.09m | €0.08m | €0.1m | €0.1m | €0.09m | ▼ 26.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.008m | -€0.004m | €0.2m | €0.1m | €0.1m | €0.001m | €0.2m | ▲ 12,392% |
| + Depreciation and write-downs630 | - | - | €0.08m | €0.08m | €0.1m | €0.1m | €0.1m | ▼ 17.9% |
| Operating cash flow (approximation) | €0.008m | -€0.004m | €0.3m | €0.2m | €0.2m | €0.1m | €0.3m | ▲ 111% |
| Investment in fixed assets (approximation) | - | - | - | -€0.03m | -€0.2m | -€0.2m | -€0.04m | ▲ 76.5% |
| Change in cash | - | -€0.009m | €1.6m | -€0.7m | -€0.7m | -€0.1m | €0.06m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 17-07-2026 | 2026-00337849 |
| 31-12-2024 | unclassified schema | 15-05-2025 | 2025-00096231 |
| 31-12-2023 | unclassified schema | 14-05-2024 | 2024-00089243 |
| 31-12-2022 | unclassified schema | 31-05-2023 | 2023-00100399 |
| 31-12-2021 | unclassified schema | 20-05-2022 | 2022-20033504 |
| 31-12-2020 | unclassified schema | 31-05-2021 | 2021-16000023 |
| 30-09-2019 | full format | 05-03-2020 | 2020-06400015 |
| 30-09-2018 | full format | 26-03-2019 | 2019-07800033 |
| 30-09-2017 | full format | 08-03-2018 | 2018-06400283 |
| 30-09-2016 | full format | 22-02-2017 | 2017-04700530 |
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €295 awarded · €295 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €128 | €128 |
| 2024 | 1 | €167 | €167 |
Public contracts
1 award · 2025
CFT-1775 Design and Author’s Supervision (DAS) Services for the EIB West Campus Programme
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.