ASSCOT
ActiveSummary
ASSCOT has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147,606 and a net result of €21,270. Equity is shrinking by about 5% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €147,606
- Profit
- €21,270
- SA GESTIPHARMAManaging director · permanent representative Pierre-Pascal Hecg
- WINGS FARMADirector · permanent representative HECQ Pierre Philippe
Why 98lowers riskSize: total assets €151,354Founded in 1992Liquidity: current ratio 21.66, cash €79,948Equity €147,606 (97.5% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 81% on solvency, 95% on liquidity, 69% on profitability and 74% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 4 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Liquidity more than 6 timescurrent ratio 21.66
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 157% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 31,373 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 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 74.5% 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 31,373 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,809 | €3,627 | €3,602 | €4,071 | €3,781 | €4,330 | €4,241 | €5,811 | ▲ 37.0% |
| Other operating charges640/8 | - | - | - | €5,987 | €6,124 | €6,716 | €6,975 | €7,194 | ▲ 3.1% |
| Gross operating margin9900 | €47,605 | €45,907 | €46,492 | €43,904 | €37,075 | €22,259 | €22,341 | €41,559 | ▲ 86.0% |
| Operating profit (loss)9901 | €36,041 | €36,414 | €36,945 | €33,846 | €27,170 | €11,213 | €11,125 | €28,554 | ▲ 157% |
| Financial charges65/66B | - | - | - | €148 | €164 | €164 | €165 | €194 | ▲ 17.6% |
| Recurring financial charges65 | €167 | €204 | €210 | €148 | €164 | €164 | €165 | €194 | ▲ 17.6% |
| Profit (loss) for the period before taxes9903 | €35,874 | €36,210 | €36,735 | €33,698 | €27,006 | €11,049 | €10,960 | €28,360 | ▲ 159% |
| Income taxes67/77 | €10,562 | €10,637 | €8,606 | €8,424 | €7,484 | €2,762 | €2,740 | €7,090 | ▲ 159% |
| Profit (loss) for the period9904 | €25,312 | €25,573 | €28,129 | €25,274 | €19,522 | €8,287 | €8,220 | €21,270 | ▲ 159% |
| Profit (loss) for the period to be appropriated9905 | €25,312 | €25,573 | €28,129 | €25,274 | €19,522 | €8,287 | €8,220 | €21,270 | ▲ 159% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €213,471 | €238,210 | €193,544 | €218,855 | €139,964 | €145,764 | €155,450 | €151,354 | ▼ 2.6% |
| Fixed assets21/28 | €45,120 | €42,747 | €49,007 | €45,402 | €53,924 | €54,169 | €53,372 | €70,163 | ▲ 31.5% |
| Tangible fixed assets22/27 | €45,120 | €42,747 | €49,007 | €45,402 | €53,924 | €54,169 | €53,372 | €70,163 | ▲ 31.5% |
| Land and buildings22 | - | - | - | €29,605 | €29,605 | €29,604 | €29,605 | €50,547 | ▲ 70.7% |
| Plant, machinery and equipment23 | - | - | - | €15,797 | €24,319 | €24,565 | €23,767 | €19,616 | ▼ 17.5% |
| Current assets29/58 | €168,351 | €195,463 | €144,537 | €173,453 | €86,040 | €91,595 | €102,078 | €81,191 | ▼ 20.5% |
| Amounts receivable within one year40/41 | €80,000 | €80,000 | €80,394 | €375 | €3,124 | €8,987 | €3,498 | €1,243 | ▼ 64.5% |
| Trade receivables40 | - | - | - | - | - | - | - | €173 | - |
| Other amounts receivable41 | - | - | - | €375 | €3,124 | €8,987 | €3,498 | €1,070 | ▼ 69.4% |
| Cash at bank and in hand54/58 | €88,351 | €115,463 | €64,143 | €173,078 | €82,916 | €82,608 | €98,580 | €79,948 | ▼ 18.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €213,471 | €238,210 | €193,544 | €218,855 | €139,964 | €145,764 | €155,450 | €151,354 | ▼ 2.6% |
| Equity10/15 | €211,331 | €161,904 | €190,033 | €115,307 | €134,829 | €143,116 | €126,336 | €147,606 | ▲ 16.8% |
| Contributions10/11 | €92,950 | €92,950 | €92,950 | €92,950 | €92,950 | €92,950 | €92,950 | €92,950 | = |
| Capital10 | - | - | - | €92,950 | €92,950 | €92,950 | €92,950 | €92,950 | = |
| Issued capital100 | - | - | - | €92,950 | €92,950 | €92,950 | €92,950 | €92,950 | = |
| Reserves13 | €5,741 | €7,019 | €7,019 | €7,019 | €7,995 | €7,995 | €7,995 | €7,995 | = |
| Non-distributable reserves130/1 | - | - | - | €7,019 | €7,995 | €7,995 | €7,995 | €7,995 | = |
| Legal reserve130 | - | - | - | €7,019 | €7,995 | €7,995 | €7,995 | €7,995 | = |
| Profit (loss) carried forward14 | €112,640 | €61,935 | €90,064 | €15,338 | €33,884 | €42,171 | €25,391 | €46,661 | ▲ 83.8% |
| Amounts payable17/49 | €2,140 | €76,306 | €3,511 | €103,548 | €5,135 | €2,648 | €29,114 | €3,748 | ▼ 87.1% |
| Amounts payable within one year42/48 | €2,140 | €76,306 | €3,511 | €103,548 | €5,135 | €2,648 | €29,114 | €3,748 | ▼ 87.1% |
| Trade debts44 | €50 | €241 | €726 | - | €2,487 | - | €666 | - | - |
| Suppliers440/4 | - | - | - | - | €2,487 | - | €666 | - | - |
| Other amounts payable47/48 | - | - | - | €103,548 | €2,648 | €2,648 | €28,448 | €3,748 | ▼ 86.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,312 | €25,573 | €28,129 | €25,274 | €19,522 | €8,287 | €8,220 | €21,270 | ▲ 159% |
| + Depreciation and write-downs630 | €5,809 | €3,627 | €3,602 | €4,071 | €3,781 | €4,330 | €4,241 | €5,811 | ▲ 37.0% |
| Operating cash flow (approximation) | €31,121 | €29,200 | €31,731 | €29,345 | €23,303 | €12,617 | €12,461 | €27,081 | ▲ 117% |
| Investment in fixed assets (approximation) | - | -€1,254 | -€9,862 | -€466 | -€12,303 | -€4,575 | -€3,444 | -€22,602 | ▼ 556% |
| Change in cash | - | €27,112 | -€51,320 | €108,935 | -€90,162 | -€308 | €15,972 | -€18,632 | - |
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 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00242069 |
| 31-12-2024 | micro format | 14-07-2025 | 2025-00276363 |
| 31-12-2023 | micro format | 06-08-2024 | 2024-00333232 |
| 31-12-2022 | micro format | 22-08-2023 | 2023-00350926 |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20293326 |
| 31-12-2020 | full format | 09-08-2021 | 2021-47000351 |
| 31-12-2019 | full format | 25-08-2020 | 2020-44200303 |
| 31-12-2018 | full format | 07-08-2019 | 2019-44300499 |
| 31-12-2017 | full format | 20-07-2018 | 2018-35400165 |
| 31-12-2016 | full format | 04-07-2017 | 2017-26500058 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Permanent representatives 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| SA GESTIPHARMA |
|
| WINGS FARMA |
|
| SA FINPHARMA |
|
Owners and capital
Capital and shareholders
- 05-10-2023 Capital stated in the deed · 3,750 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
16-10
Gazette deed
Resignation: Sa Finpharma (director)Reappointments: Sa Wings Farma (director) and SA GESTIPHARMA (director) · Permanent representative: Pierre-Pascal Hecg7 facts ▸
- General meeting, 16-05-2023
- Director resignation, Sa Finpharma (director)
- Director reappointment, Sa Wings Farma (director)
- Director reappointment, SA GESTIPHARMA (director)
- Board meeting, 16-05-2023
- Director reappointment, SA GESTIPHARMA (managing director)
- Permanent representative, Pierre-Pascal Hecg
05-10
Gazette deed
Reappointments: GESTIPHARMA (director) and WINGS FARMA (director)Permanent representatives: HECQ Pierre Pascal and HECQ Pierre Philippe · Resignation: FINPHARMA (director) · Amendment of the articles12 facts ▸
- General meeting, 27-09-2023 (2 times)
- Amendment of the articles
- Capital
- Director reappointment, GESTIPHARMA (director)
- Director reappointment, WINGS FARMA (director)
- Permanent representative, HECQ Pierre Pascal (2 times)
- Permanent representative, HECQ Pierre Philippe (director and permanent representative)
- Director reappointment, GESTIPHARMA (managing director)
- Director resignation, FINPHARMA (director)
- Director discharge, FINPHARMA
- Power of attorney, BOULANGER Philippe Jacques Eugène
- Registered office clause, “adoptée à l'unanimité des voix, 7080 Frameries, Rue Montavaux, numéro 155” (deed in French)
Show earlier events
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53028A0282/00E003 | Wallonia | 7,354 m² | 1 · 5,065 m² | 6.3 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La gestion d'un patrimoine immobilier; Acquérir,construire,restaurer,aliéner tous biens immobiliers,réaliser toutes promotions foncières et…” (deed in French)
4 activities (deed in French)
- La gestion d'un patrimoine immobilier.
- Acquérir,construire,restaurer,aliéner tous biens immobiliers,réaliser toutes promotions foncières et immobilières notamment l'équipement,le lotissement,la mise en valeur,la plantation et le drainage de tout ensemble immobilier,prendre ou donner en location tous biens meubles et immeubles,contracter ou consentir tous emprunts hypothécaires ou non,sauf ceux réservés aux banques,caisse d'épargne et sociétés hypothécaires.
- Faire en Belgique ou à l'étranger,toutes opérations commerciales,industrielles,mobilières,immobilières,financières en relation avec son objet et pouvant en faciliter la réalisation.
- Effectuer tout placement en valeur mobilière et immobilière et s'intéresser par voie d'associations d'apport,de fusion,de souscription,de participation,d'intervention financière ou autrement dans toute société ou entreprise existante ou à créer.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ASSCOT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Établir ou supprimer sièges administratifs,agences,ateliers,dépôts et succursales tant en Belgique qu'à l'étranger par simple décision de…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Composition conseil d'administration, six ans au plus” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives tenu au siège social avec mentions requises par le Code des sociétés et des associations…” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié cessionnaires, prix proposé par cédant ou à défaut d'accord prix fixé par expert désigné de commun accord ou à défaut…” (deed in French)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “TITRE VIII: Dissolution – Liquidation, à défaut liquidation par organe d'administration en fonction comme collège de liquidateurs” (deed in French)1 more provision on this in the deed