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ASSERT CONCEPT

Active Private limited companyfounded 2020active for 6 yearsRue de Maestricht 190, 4650 HerveKBO/BCE: BE 0755.509.442

Overview

Lifetime

5 annual accounts with figures on one time axis
peak €100,394 (2025)
€100,394▲ 31.4%
lowest -€3,741 (2021)
€69,307▲ 17.9%
peak €14,353 (2024)
€3,500▼ 75.6%
€146,327▲ 145%
Board1 name since 2020
Documentsfilings and deeds
24-04-202698 days before the deadline
2025micro format
Gross margin from €76,414 to €100,394Dividend €71,855Equity from €14,353 to €3,500Debts from €59,804 to €146,327Investments €52,633Cash from €44,238 to €70,486

Key points

from the 2025 annual accounts

Equity

€3,500 ▼ 75.6%
14,3532024+69,307Profit-71,855Dividend-8,305Other3,5002025

ASSERT CONCEPT paid out €71,855 in dividends. That is 104% of the 2025 profit.

Turnover

≈ €170,000 estimated

The micro format states no turnover.

Debts

€146,327 98% of the balance sheet
Financial debts 24%Suppliers 2%Taxes and wages 7%Other 67%

Of this, €111,017 falls due within a year.

Investments

€52,633 5.1 × depreciation
202120242025

Green is investment, beige is depreciation.

Filings

5 annual accounts since 2021
AprilJune31 JulyOctober20222024

The last five annual accounts were filed 12 to 98 days before the end of the period.

Position in the sector

2.3%

Lower solvency than 85% of companies in office administrative support. Sector median 50.3% · 9,696 companies.

Checked score

88
Excellent
Financially stronger than 41% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.2%▲ +0.1 percentage points vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value 11-2026: 0.2%● unchanged vs 10-2026highest value

Financial strength
Strong

27-17equity 2.3% of total assets
60+4short-term debt 74.1% · cash 47.0%
100=return on assets 46.3%

Score breakdown

raises risk
Equity €3,500 (2.3% of total assets)
lowers risk
Sector: Office administrative, office support and other business support activities (NACE 82)
Liquidity: current ratio 0.96, cash €70,486
Size: total assets €149,827
Calculation

The band follows from the bankruptcy probability. 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 (NACE 82, micro). It does better than 15% of them on solvency, 54% on liquidity, 87% on profitability and 8% on growth.

The bankruptcy probability was computed on 09-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 2,153 companies had the same profile as ASSERT CONCEPT has now. Each dot stands for 6 companies, two years later.

96.0%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more

The bankruptcy probability of ASSERT CONCEPT itself is lower: 0.2% within 12 months. It rests on far more data about ASSERT CONCEPT than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 2,153 companies, not a prediction for ASSERT CONCEPT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Office administrative, office support and other business support activities (NACE 82)
KBO
lowers risk · Liquidity: current ratio 0.96, cash €70,486
NBB · annual accounts
raises risk · Equity €3,500 (2.3% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €149,827
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9696 sector peers (2025).
NBB · sector comparison
Position among 9696 sector peers
Solvency
better than 15%
← weakest strongest →
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 24-04-2026, 98 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
98 days early
2024
34 days early
2023
20 days early
2022
19 days early
2021
12 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 37 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

HF
Director, since 01-10-2020
  • HENRION Fabrice François Michel 100 sharesdeed of 05-10-2020
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0755509442
Incorporation Founding capital of €3,500, 100 shares · Founder: HENRION Fabrice François Michel · Appointment: HENRION Fabrice François Michel (director) · published on 05-10-2020 · Gazette deed
First establishment Rue de Maestricht 190, Herve
All 11 events

Comparable companies

same main activity, similar in size and age
Company
ASSERT CONCEPT Herve €149,827 €100,394 2.3% -
Cabinet dentaire de la polyclinique de Heusy Verviers €150,656 €115,670 6.7% -
LYCKAS Bocholt €143,595 €88,106 63.1% -
De Vlieger Arnaud Zele €173,236 €89,070 69.2% -
Comontec Kortenaken €115,893 €108,616 38.4% -
SLV CONSULTING Temse €162,052 €76,900 37.0% -
LEPER Roosdaal €125,634 €80,203 22.0% -

These companies have the same main activity as ASSERT CONCEPT: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €116,000 and €173,000, founded between 2019 and 2021.

Official details

Source: KBO
Status
Active since 01-10-2020Normal situation
Activity
Office administrative and support servicesNACE 82100and 3 others
Establishment unit
2.308.834.0854650 Herve, since 01-10-2020
Financial year end
31 December
Peppol
Reachable since 02-02-2026
Company details

Annual accounts 2025

€100,394▲ 31.4%
€69,307▲ 17.9%
€3,500▼ 75.6%
€149,827▲ 102%
Filing
Filed on 24-04-2026, 98 days before the end of the filing period
Financials

Insights on ASSERT CONCEPT

ASSERT CONCEPT files the micro format. That format states no turnover. The gross margin rose from -€3,277 in 2021 to €100,394 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 24-04-2026, 98 days before the deadline
€100,394
▲ 31.4%
€88,994
▲ 18.2%
€69,307
▲ 17.9%
-€4,851
▼ €17,852
2.3%
▼ 17.0 percentage points
0.96
▼ 0.26

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €170,000. Estimated: probably between €120,000 and €260,000.

Balance sheet

balance sheet total €149,827 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

2.3%

Higher than 15% of 9,696 companies in 2025.

0.96

Higher than 25% of 9,314 companies in 2025.

46.3%

Higher than 86% of 9,438 companies in 2025.

ASSERT CONCEPT Middle half of the sector 80% of the sector Micro accounts in office administrative support (NACE 82)

Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021
Balance sheet: assets
20/58 149,82774,15715,9941,6643,071
21/28 43,6611,35265493922
22/27 43,6611,35265493922
24 43,6611,35265493922
29/58 106,16772,80515,9291,1712,149
40/41 35,68028,5512,6591,1422,041
40 26,22328,0972,659-1,400
41 9,457454-1,142641
54/58 70,48644,23813,27028108
490/1 -16---
Balance sheet: equity and liabilities
10/49 149,82774,15715,9941,6643,071
10/15 3,50014,3533,551-2,361-241
10/11 3,5003,5003,5003,5003,500
14 -10,85351-5,861-3,741
17/49 146,32759,80412,4444,0263,312
17 34,975----
170/4 34,975----
42/48 111,01759,80412,4444,0263,312
42 10,254----
44 3,2143,6013702,4762,112
440/4 3,2143,6013702,4762,112
45 9,8355,4781,854--
450/3 7,7355,4781,854--
454/9 2,100----
47/48 87,71450,72510,2201,5501,200
492/3 335----
Income statement
9900 100,39476,4148,530-1,394-3,277
630 10,324738428428363
640/8 1,076387384--
9901 88,99475,2897,717-1,823-3,640
65/66B 2,644440305297101
65 2,644440305297101
9903 86,35074,8497,412-2,120-3,741
67/77 17,04316,046667--
9904 69,30758,8026,745-2,120-3,741
9905 69,30758,8026,745-2,120-3,741
Appropriation of the result
9906 80,16058,853884-5,861-3,741
14P 10,85351-5,861-3,741-
694/7 80,16048,000833--
694 71,85548,000833--
695 8,305----
Document PDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 24-04-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 24-04-2026 2026-00087243 PDF
31-12-2024 micro format 27-06-2025 2025-00188619 PDF
31-12-2023 micro format 11-07-2024 2024-00235728 PDF
31-12-2022 micro format 12-07-2023 2023-00228915 PDF
31-12-2021 micro format 19-07-2022 2022-20200330 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021
99,31876,0278,146-1,394-3,277
79,63159,5417,173-1,692-3,378
52,6332,025001,285
26,24830,96813,242-80-
-4,85113,0013,486-2,855-1,163
2.3%19.4%22.2%--
0.961.221.28--
41.814.173.50--
-409.7%190.0%--
46.3%79.3%42.2%--
37.56over 10026.71-4.69-32.47

A ratio outside any meaningful range has been withheld (balance sheet total €149,827, equity €3,500).

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€52,633€2,025--€1,285
€10,324€738€428€428€363

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on ASSERT CONCEPT

The operating result for 2025 is 18% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.

Debt's share of the balance-sheet total rises from 80.6% to 97.7%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, since incorporation
Director (not named in the articles)
since 01-10-2020 term without a fixed end
listed in the 2025 annual accounts, filed on 24-04-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
HENRION Fabrice François Michel
Director (not named in the articles)
Board
Mandates as a list
  • HENRION Fabrice François Michel
    • Director (not named in the articles), from 01-10-2020 to date

See the board, name and registered office on a given date →

Control

This company
ASSERT CONCEPT
Equity €3,500
Profit €69,307 in 2025

Capital

Contribution
€3,500
Shares
100
Contribution per share
€35
Equity per share
€35 in 2025
Source
deed of 05-10-2020

Articles of association

deed of 05-10-2020 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Tenus de solliciter agrément selon mêmes formalités si ne deviennent pas de plein droit actionnaires, si plus qu'un actionnaire libre de…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Shareholders

At incorporation deed of 05-10-2020 ↗

Network & group

No group

ASSERT CONCEPT has no parent and no holdings in its annual accounts. HENRION Fabrice François Michel is the only director. ASSERT CONCEPT shares no director with another company.

Timeline

Timeline

11 events since 2020

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 98 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0755509442
2025
Highest result from 2021 to 2025 net €69,307 ▲17.9% The operating result of €88,994 and the net result of €69,307 are both a record.
Annual accounts 2024 filed PDFmicro format · 34 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 20 days before the deadline
2023
Back to profit net €6,745 The net result is €6,745, after 2 loss-making years.
Liquidity more than quadruples current ratio 1.28 The current ratio rises from 0.29 to 1.28.
Annual accounts 2022 filed PDFmicro format · 19 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 12 days before the deadline
2020
IncorporationFounding capital of €3,500, 100 shares · Founder: HENRION Fabrice François Michel · Appointment: HENRION Fabrice François Michel (director) · published on 05-10-20205 points ▸

Open the deed in the Belgian Official Gazette

First establishment Rue de Maestricht 190, Herve

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

ASSERT CONCEPT was incorporated on 1 October 2020 as a private limited company by one natural person, with a starting capital of €3,500.12 Since 2020, HENRION Fabrice François Michel has served as director.3 Total assets rose from €3,071 in 2021 to €149,827 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 05-10-2020
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2021 and 2025

Company details

Identity

Enterprise number
0755.509.442
VAT number
BE 0755.509.442
Peppol ID
0208:0755509442
Legal form
Private limited company
Status
Active, normal situation
Founded
01-10-2020
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June
deed of 05-10-2020 (in French)
Peppol
Reachable since 02-02-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ASSERT CONCEPT in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 05-10-2020 (in French)
Name clauseThe company operates under this name according to its articles.
Assert Concept
deed of 05-10-2020 (in French)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
82110 Office administrative, office support and other business support activities main activity
62020 IT consultancy
62090 Computer programming, consultancy and related activities
70220 Business consulting
PurposeThe purpose describes the activities the company may carry out under its articles.
“La prestation de tous services administratifs,informatiques,commerciaux,financiers,de gestion et de management au sens le plus large en ce…”
15 activities
  1. La prestation de tous services administratifs,informatiques,commerciaux,financiers,de gestion et de management au sens le plus large en ce compris la formation et le coaching dans ces domaines;
  2. La prestation de conseils et d’assistance tant au point de vue technique qu’administratif et commercial à toutes sociétés,entreprises,administrations publiques et particuliers,en ce compris pour tout ce qui concerne le secteur de la construction et des biens immobiliers;
  3. L’achat,la vente,la représentation,l’importation,l’exportation,le courtage de tous produits manufacturés ou non,marchandises et matières premières;
  4. L’achat,la vente,la location,l’importation,l’exportation de tous matériaux,marchandises,appareils et outillages en ce compris ceux nécessaires aux travaux de construction,d’entretien,de maintenance,de réparation;
  5. L’exploitation de toutes licences,brevets et marques et la réalisation pour compte propre ou pour tout tiers des démarches nécessaires à l’obtention de ceux-ci;
  6. Les activités se rapportant au domaine du marketing et de la communication/fonction commerciale,notamment:le conseil en image,en e-marketing,en étude de marché,en merchandising,l’élaboration et mise en place de stratégies commerciales,la gestion,formation et l'encadrement des équipes commerciales,-les activités se rapportant au domaine du marketing et de la communication/fonction commerciale,la rédaction d’offres techniques et commerciales relatives aux produits de la ou des sociétés clientes(produits logiciels ou matériels),sans pour autant que cette liste soit exhaustive.
  7. La gestion et promotion de biens immobiliers(ou droits immobiliers)sous toutes ses formes.En conséquence,la société pourra acheter,vendre,mettre en valeur,donner en location ou prendre en location,gérer,administrer,entretenir,améliorer,construire et renover tout immeuble ou partie d’immeuble.
  8. L’étude de tous travaux de construction,la conception et la construction de tous bâtiments et édifices,l’étude de décorations tant intérieures qu’extérieures;
  9. Toutes opérations se rapportant directement ou indirectement à l’entretien,la rénovation,les travaux de réparations,d’embellissements,de renouvellement et de modernisation,et la maintenance de tous les types d’ouvrages,de biens immeubles,et plus généralement toutes opérations se rapportant directement ou indirectement au secteur du bâtiment;
  10. La réalisation de tous placements mobiliers;
  11. La gestion de participations sous n’importe quelle forme dans toutes sociétés belges et étrangères,tant en vue de les valoriser qu’en exercice pur et simple de mandats d’administration;
  12. L’étude,la création,l’acquisition,la vente,la mise en valeur,l’exploitation,la direction,la gérance,la régie,l’organisation,le financement,le contrôle de toutes affaires ou entreprises industrielles,commerciales,financières,mobilières et immobilières;
  13. L’acquisition,par voie d’achat ou autrement,de toutes valeurs mobilières,toutes créances toutes parts d’associés,toutes participations dans toutes entreprises industrielles,commerciales ou financières,l’accomplissement pour elle-même de tous actes de gestion de portefeuille ou de capitaux,la commandite de toutes entreprises,la constitution par voie d’apport ou autrement de toutes sociétés ou syndicat,en bref,toutes opérations propres aux sociétés à portefeuille;
  14. La prise de participation,la gestion,l’administration et l’organisation d’autres sociétés;
  15. Complémentairement à ce qui est stipulé ci-avant,la construction d’un immeuble,l’acquisition de la pleine propriété ou des droits réels dans le but d’y exercer ses activités,d’y établir son siège social d’exploitation et/ou administratif,ou d’y loger ses dirigeants et les membres de leur famille.
deed of 05-10-2020 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue de Maestricht 190 registered office 4650 Herve 01-10-2020 2.308.834.085

Buildings and parcels at the address

Ground area
398 m²
Buildings
183 m²
Volume, LiDAR
1,316 m³
Tallest building
9.5 m
Buildings to scale, each on its own parcel
183 m², 9.5 m 183 m², 9.5 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
63039A0136/00C000398 m² 1 · 183 m² 9.5 m · 2