Equity
ASSERT CONCEPT paid out €71,855 in dividends. That is 104% of the 2025 profit.
ASSERT CONCEPT paid out €71,855 in dividends. That is 104% of the 2025 profit.
The micro format states no turnover.
Of this, €111,017 falls due within a year.
Green is investment, beige is depreciation.
The last five annual accounts were filed 12 to 98 days before the end of the period.
Lower solvency than 85% of companies in office administrative support. Sector median 50.3% · 9,696 companies.
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).
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).
In July 2024, 2,153 companies had the same profile as ASSERT CONCEPT has now. Each dot stands for 6 companies, two years later.
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.
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.
| 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.
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.
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.
| 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.
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.
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.
Higher than 15% of 9,696 companies in 2025.
Higher than 25% of 9,314 companies in 2025.
Higher than 86% of 9,438 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
149,827 | 74,157 | 15,994 | 1,664 | 3,071 | |
21/28 |
43,661 | 1,352 | 65 | 493 | 922 | |
22/27 |
43,661 | 1,352 | 65 | 493 | 922 | |
24 |
43,661 | 1,352 | 65 | 493 | 922 | |
29/58 |
106,167 | 72,805 | 15,929 | 1,171 | 2,149 | |
40/41 |
35,680 | 28,551 | 2,659 | 1,142 | 2,041 | |
40 |
26,223 | 28,097 | 2,659 | - | 1,400 | |
41 |
9,457 | 454 | - | 1,142 | 641 | |
54/58 |
70,486 | 44,238 | 13,270 | 28 | 108 | |
490/1 |
- | 16 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
149,827 | 74,157 | 15,994 | 1,664 | 3,071 | |
10/15 |
3,500 | 14,353 | 3,551 | -2,361 | -241 | |
10/11 |
3,500 | 3,500 | 3,500 | 3,500 | 3,500 | |
14 |
- | 10,853 | 51 | -5,861 | -3,741 | |
17/49 |
146,327 | 59,804 | 12,444 | 4,026 | 3,312 | |
17 |
34,975 | - | - | - | - | |
170/4 |
34,975 | - | - | - | - | |
42/48 |
111,017 | 59,804 | 12,444 | 4,026 | 3,312 | |
42 |
10,254 | - | - | - | - | |
44 |
3,214 | 3,601 | 370 | 2,476 | 2,112 | |
440/4 |
3,214 | 3,601 | 370 | 2,476 | 2,112 | |
45 |
9,835 | 5,478 | 1,854 | - | - | |
450/3 |
7,735 | 5,478 | 1,854 | - | - | |
454/9 |
2,100 | - | - | - | - | |
47/48 |
87,714 | 50,725 | 10,220 | 1,550 | 1,200 | |
492/3 |
335 | - | - | - | - | |
| Income statement | ||||||
9900 |
100,394 | 76,414 | 8,530 | -1,394 | -3,277 | |
630 |
10,324 | 738 | 428 | 428 | 363 | |
640/8 |
1,076 | 387 | 384 | - | - | |
9901 |
88,994 | 75,289 | 7,717 | -1,823 | -3,640 | |
65/66B |
2,644 | 440 | 305 | 297 | 101 | |
65 |
2,644 | 440 | 305 | 297 | 101 | |
9903 |
86,350 | 74,849 | 7,412 | -2,120 | -3,741 | |
67/77 |
17,043 | 16,046 | 667 | - | - | |
9904 |
69,307 | 58,802 | 6,745 | -2,120 | -3,741 | |
9905 |
69,307 | 58,802 | 6,745 | -2,120 | -3,741 | |
| Appropriation of the result | ||||||
9906 |
80,160 | 58,853 | 884 | -5,861 | -3,741 | |
14P |
10,853 | 51 | -5,861 | -3,741 | - | |
694/7 |
80,160 | 48,000 | 833 | - | - | |
694 |
71,855 | 48,000 | 833 | - | - | |
695 |
8,305 | - | - | - | - | |
| Document | ||||||
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.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-04-2026 | 2026-00087243 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00188619 | |
| 31-12-2023 | micro format | 11-07-2024 | 2024-00235728 | |
| 31-12-2022 | micro format | 12-07-2023 | 2023-00228915 | |
| 31-12-2021 | micro format | 19-07-2022 | 2022-20200330 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 99,318 | 76,027 | 8,146 | -1,394 | -3,277 | ||
| 79,631 | 59,541 | 7,173 | -1,692 | -3,378 | ||
| 52,633 | 2,025 | 0 | 0 | 1,285 | ||
| 26,248 | 30,968 | 13,242 | -80 | - | ||
| -4,851 | 13,001 | 3,486 | -2,855 | -1,163 | ||
| 2.3% | 19.4% | 22.2% | - | - | ||
| 0.96 | 1.22 | 1.28 | - | - | ||
| 41.81 | 4.17 | 3.50 | - | - | ||
| - | 409.7% | 190.0% | - | - | ||
| 46.3% | 79.3% | 42.2% | - | - | ||
| 37.56 | over 100 | 26.71 | -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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| 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)
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.
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.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
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
| Establishment | Since | Unit number |
|---|---|---|
| Rue de Maestricht 190 registered office 4650 Herve | 01-10-2020 | 2.308.834.085 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 63039A0136/00C000 | 398 m² | 1 · 183 m² | 9.5 m · 2 |
If something looks wrong or is missing, please tell us.