ASSEA
ActiveSummary
ASSEA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118k and a net result of €22k. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 30% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-4
Solvency54▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.48 against 0.4 in 2024; short-term debt: 59% of total assets), and 71% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
29%
Return on assets
5.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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
5 d late
2024
125 d late
2023
82 d late
2022
224 d late
2021
177 d late
2020
30 d late
2019
54 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€118k▲ 23.0%
2024 · €96k
2018: €-23k
2019: €45k
2020: €52k
2021: €60k
2022: €51k
2023: €61k
2024: €96k
2018 → 2025
Total assets
€407k▲ 3.5%
2024 · €393k
2018: €570k
2019: €446k
2020: €500k
2021: €462k
2022: €419k
2023: €426k
2024: €393k
2018 → 2025
Net result
€22k▼ 36.9%
2024 · €35k
2018: €12k
2019: €68k
2020: €6k
2021: €8k
2022: €-9k
2023: €10k
2024: €35k
2018 → 2025
Working capital
€-125k▲ 2.0%
2024 · €-127k
2018: €-211k
2019: €-147k
2020: €-126k
2021: €-137k
2022: €-151k
2023: €-156k
2024: €-127k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€51k▼ 15.3%€61k▲ 19.4%€96k▲ 57.4%€118k▲ 23.0%
Operating result€25k-€2k▼ 91.3%€25k▲ 1,038%€64k▲ 155%€40k▼ 37.5%
Net result€8k-€-9k€10k€35k▲ 254%€22k▼ 36.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €407k
Fixed assets
€292k ▼ 5.9%
Current assets
€115k ▲ 38.3%
Equity and liabilities €407k
Equity
€118k ▲ 23.0%
Debt
€289k ▼ 2.8%
Debt's share of the balance-sheet total falls from 75.6% to 71.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58k▼
2024 · €92k
Cash flow
€40k▼
2024 · €63k
Current ratio
0.48▲
2024 · 0.40
Quick ratio
0.44▲
2024 · 0.35
Debt to equity
2.45▼
2024 · 3.10
ROE
18.7%▼
2024 · 36.5%
ROA
5.4%▼
2024 · 8.9%
Interest coverage
12.95▲
2024 · 6.56
Debt ≤ 1 year
€240k▲
2024 · €211k
Debt > 1 year
€49k▼
2024 · €87k
Income taxes
€13k▼
2024 · €15k
Staff costs
€82k▼
2024 · €104k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€393k€407k▲
Fixed assets21/28€310k€292k▼
Tangible fixed assets22/27€310k€292k▼
Land and buildings22€290k€285k▼
Plant, machinery and equipment23€1k€816▼
Furniture and vehicles24€18k€6k▼
Current assets29/58€83k€115k▲
Stocks and contracts in progress3€10k€10k=
Stocks30/36€10k€10k=
Amounts receivable within one year40/41€74k€96k▲
Trade receivables40€69k€96k▲
Other amounts receivable41€5k-
Deferred charges and accrued income490/1-€10k
Equity and liabilities
Total equity and liabilities10/49€393k€407k▲
Equity10/15€96k€118k▲
Contributions10/11€19k€19k=
Reserves13€77k€77k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€74k€74k=
Profit (loss) carried forward14-€22k
Amounts payable17/49€297k€289k▼
Amounts payable after more than one year17€87k€49k▼
Financial debts170/4€87k€49k▼
Amounts payable within one year42/48€211k€240k▲
Current portion of amounts payable after more than one year42€39k€35k▼
Financial debts43€30k€16k▼
Credit institutions430/8€30k€16k▼
Trade debts44€9k€45k▲
Suppliers440/4€9k€45k▲
Taxes, remuneration and social security45€32k€51k▲
Taxes450/3€19k€38k▲
Remuneration and social security454/9€13k€13k▲
Other amounts payable47/48€100k€94k▼
Income statement
Code20242025
Remuneration, social security and pensions62€104k€82k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€18k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€200k€145k▼
Operating profit (loss)9901€64k€40k▼
Financial income75/76B€59-
Recurring financial income75€59-
Financial charges65/66B€14k€4k▼
Recurring financial charges65€14k€4k▼
Profit (loss) for the period before taxes9903€50k€35k▼
Income taxes67/77€15k€13k▼
Profit (loss) for the period9904€35k€22k▼
Profit (loss) for the period to be appropriated9905€35k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€22k▼
Transfer to equity691/2€35k-
To other reserves6921€35k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
31-12
Financial
Equity above €100kEq €118k ▲23%
3 profitable years in a row build equity to €118k.
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 125 days late
2024
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 82 days late
11-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 224 days late
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 177 days late
2022
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Highest result since 2018net €68k ▲484%
Operating result €83k, net result €68k, both a record.
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 409 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
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
3 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, Herk-de-Stad · 1 establishment unit since 2008
Ground area
1,355 m²
Building footprint
537 m²
Volume, LiDAR
2,970 m³
Parcel 71024A0245/00X000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ASSEA
since 20082.172.805.443
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71024A0245/00X000 | Flanders | 1,354 m² | 1 · 537 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Sanchez & Co
BE 0839.231.231
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INTERJEUR
BE 0894.394.735
Diksmuide · Eq €117,850
VdS Wood Technics
BE 0728.945.892
Houthulst · Eq €117,823
RORENOV
BE 0880.333.101
Anderlecht · Eq €117,903
TRAPPENMAKERIJ ANSOMS
BE 0459.521.464
Wuustwezel · Eq €117,806
Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 7,704 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-08-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
46900Non-specialised wholesale trade
47540Retail sale of electrical household appliances
47551Retail sale of household furniture
49410Freight transport by road
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.