ASSERTUS
ActiveSummary
ASSERTUS has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €209,087 and a net result of €1,336. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 11,120 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Activity
Buying and selling of own real estate
NACE 68110Insurance agents and brokers NACE 66220
4th largest company by total assets in Stekene, Real estate sector2 sites
Size
€2.6mtotal assets 2025
- Staff
- 7.8 FTE
- Equity
- €209,087
- Profit
- €1,336
Turnover not published (abbreviated or micro format)
Structure
- Parent
- SMERGEL · 99.62%
Accounts 59 days early7 of 15 deeds read
Why 65raises riskEquity €209,087 (8.1% of total assets)Liquidity: current ratio 1.08, cash €75,000, halvedSize: 7.8 FTE, total assets €2.6mlowers riskFigures for financial year 2025 (filed 03-06-2026)Show the evidence
Checked score
Score 2025
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 46% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Average
Solvency
33-67
equity 8.1% of total assets
Liquidity
50-41
short-term debt 16.0% · cash 2.9%
Profitability
64-36
return on assets 0.1%
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: < 0.1%▼ -0.1 percentage points 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 12-2025lowest value
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: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 1.2%▲ +1.2 percentage points vs 06-2026highest value
08-2026: 1.2%● unchanged vs 07-2026highest value
09-2026: 1.1%▼ -0.1 percentage points vs 08-2026
10-2026: 1.1%● unchanged vs 09-2026
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.08, compared with 3.92 in 2024, below the usual 1.5; short-term debt: 16% and cash: 2.9% of total assets), and 91.9% of the assets are financed with debt and provisions.
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 (NACE 68, micro): better than 29% on solvency, 47% on liquidity, 50% on profitability and 58% on growth.
The bankruptcy probability was computed on 18-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €209,087
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 days early
2024
168 days early
2023
16 days late
2022
73 days early
2021
30 days late
2020
24 days early
2019
46 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 33 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% 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 2 June (4 of the last 5 filed years within 89 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
19-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet €1,336 ▼99.3%
- Equity above €200,000equity €209,087 ▲4.8%
Financials · financial year 2025, abbreviated format
In the rankings
#4 company by total assets in Stekene, Real estate sector#10 oldest company in Stekene, Real estate sector
Equity
€209,087▲ 4.8%
2024 · €199,569
Total assets
€2.6m▲ 884%
2024 · €263,672
Net result
€1,336▼ 99.3%
2024 · €198,569
Working capital
€31,827▼ 83.0%
2024 · €186,875
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 75% below 2024 and is the lowest 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.
Operating result€0.07m
2025
Net result€0.001m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.6m
2025
Equity€0.2m
2025
Debt€2.4m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.03m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency8.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.08
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)7.8
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.03m-€0.06m▲ 107%€0.08m▲ 26.9%€0.1m▲ 37.0%€0.1m▲ 3.5%€0.1m▼ 2.7%€0.3m▲ 142%€0.07m▼ 74.6%
Net result€0.01m-€0.03m▲ 169%€0.06mabove the sector's middle half▲ 89.7%€0.09mabove the sector's middle half▲ 38.5%€0.09mabove the sector's middle half▼ 2.5%€0.09mabove the sector's middle half▲ 7.8%€0.2mabove the sector's middle half▲ 110%€0.001mwithin the sector's middle half▼ 99.3%
Equity€0.5m-€0.6m▲ 6.0%€0.6mabove the sector's middle half▲ 5.8%€0.2mwithin the sector's middle half▼ 59.5%€0.04mwithin the sector's middle half▼ 83.6%€0.001mbelow the sector's middle half▼ 97.5%€0.2mwithin the sector's middle half▲ 19,857%€0.2mwithin the sector's middle half▲ 4.8%
Total assets€0.6m-€0.6m▼ 0.1%€0.7mwithin the sector's middle half▲ 7.5%€0.6mwithin the sector's middle half▼ 16.0%€0.4mwithin the sector's middle half▼ 37.5%€0.1mbelow the sector's middle half▼ 64.8%€0.3mbelow the sector's middle half▲ 113%€2.6mwithin the sector's middle half▲ 884%
Debt€0.08m-€0.05m▼ 40.7%€0.06m▲ 27.6%€0.3m▲ 410%€0.3m▼ 1.6%€0.1m▼ 60.5%€0.06m▼ 47.7%€2.4m▲ 3,621%
Working capital€0.5m-€0.5m▲ 7.4%€0.6mabove the sector's middle half▲ 7.6%€0.2mabove the sector's middle half▼ 59.5%€0.04mwithin the sector's middle half▼ 84.2%€0.001mwithin the sector's middle half▼ 97.3%€0.2mwithin the sector's middle half▲ 18,587%€0.03mwithin the sector's middle half▼ 83.0%
Solvency86.9%-92.2%▲ 5.3pp90.7%above the sector's middle half▼ 1.5pp43.8%within the sector's middle half▼ 46.9pp11.5%within the sector's middle half▼ 32.3pp0.8%below the sector's middle half▼ 10.7pp75.7%above the sector's middle half▲ 74.9pp8.1%within the sector's middle half▼ 67.6pp
Current ratio9.10-15.29▲ 6.1910.63above the sector's middle half▼ 4.661.75within the sector's middle half▼ 8.881.12within the sector's middle half▼ 0.631.01within the sector's middle half▼ 0.113.92above the sector's middle half▲ 2.911.08within the sector's middle half▼ 2.84
Return on assets (ROA)2.0%-5.5%▲ 3.5pp9.7%above the sector's middle half▲ 4.2pp16.0%above the sector's middle half▲ 6.3pp25.0%above the sector's middle half▲ 9.0pp76.5%above the sector's middle half▲ 51.5pp75.3%above the sector's middle half▼ 1.2pp0.1%within the sector's middle half▼ 75.3pp
Staff (FTE)2.6-3.5▲ 34.6%2.9above the sector's middle half▼ 17.1%2.4▼ 17.2%2.4=2.4=2.4above the sector's middle half=7.8above the sector's middle half▲ 225%
above
within
below
the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Why a figure moved sharply
- 2024 Net result +110% on 2023. The accounts now follow the abbreviated format, last year the micro format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€2.1m ▲ 16,824%
Current assets
€445,696 ▲ 77.6%
Equity and liabilities €2.6m
Equity
€209,087 ▲ 4.8%
Debt
€2.4m ▲ 3,621%
Debt's share of the balance-sheet total rises from 24.3% to 91.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€316,774▲
2024 · €272,726
Cash flow
€249,507▲
2024 · €201,123
Debt to equity
11.41▲
2024 · 0.32
ROE
0.6%▼
2024 · 99.5%
Interest coverage
5.39▼
2024 · over 100
Debt ≤ 1 year
€413,870▲
2024 · €64,103
Debt > 1 year
€2.0m
Income taxes
€8,521▼
2024 · €70,945
Staff costs
€529,060▲
2024 · €131,174
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,083 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96.8% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
0.8%
went bankrupt
2.3%
stopped otherwise
96.8%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 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% | 1.0% |
| 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 1,083 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.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €533,353 | €16,000 | €0 | €10,771 | - |
| Remuneration, social security and pensions62 | - | - | - | €166,613 | €140,793 | €128,203 | €131,174 | €529,060 | ▲ 303% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,242 | €16,688 | €16,902 | €16,902 | €7,449 | - | €2,554 | €248,171 | ▲ 9,617% |
| Other operating charges640/8 | - | - | - | €792 | €978 | €977 | €593 | €1,572 | ▲ 165% |
| Non-recurring operating charges66A | - | - | - | €5,101 | - | €1,108 | €0 | - | - |
| Gross operating margin9900 | €209,189 | €277,173 | €283,120 | €300,333 | €264,029 | €241,943 | €404,493 | €847,406 | ▲ 109% |
| Operating profit (loss)9901 | €30,881 | €63,772 | €80,954 | €110,926 | €114,809 | €111,655 | €270,172 | €68,603 | ▼ 74.6% |
| Financial income75/76B | - | - | - | €3,125 | €329 | €459 | €0 | €60 | - |
| Recurring financial income75 | €496 | €242 | €1,080 | €3,125 | €329 | €459 | €0 | €60 | - |
| Financial charges65/66B | - | - | - | €567 | €180 | €5,136 | €658 | €58,806 | ▲ 8,838% |
| Recurring financial charges65 | €12,205 | €14,512 | €2,497 | €567 | €180 | €5,136 | €658 | €58,806 | ▲ 8,838% |
| Profit (loss) for the period before taxes9903 | €19,172 | €49,503 | €79,537 | €113,485 | €114,958 | €106,978 | €269,514 | €9,857 | ▼ 96.3% |
| Income taxes67/77 | €6,459 | €15,267 | €14,599 | €23,529 | €27,296 | €12,482 | €70,945 | €8,521 | ▼ 88.0% |
| Profit (loss) for the period9904 | €12,713 | €34,235 | €64,938 | €89,956 | €87,662 | €94,496 | €198,569 | €1,336 | ▼ 99.3% |
| Profit (loss) for the period to be appropriated9905 | €12,713 | €34,235 | €64,938 | €89,956 | €87,662 | €94,496 | €198,569 | €1,336 | ▼ 99.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.6m | €0.6m | €0.7m | €0.6m | €0.4m | €0.1m | €0.3m | €2.6m | ▲ 884% |
| Fixed assets21/28 | €0.06m | €0.04m | €0.03m | €0.01m | €0.003m | - | €0.01m | €2.1m | ▲ 16,824% |
| Intangible fixed assets21 | €0.03m | €0.02m | €0.009m | - | - | - | €0.01m | €2.1m | ▲ 18,433% |
| Tangible fixed assets22/27 | €0.03m | €0.03m | €0.02m | €0.01m | €0.003m | - | €0.001m | €0.01m | ▲ 1,143% |
| Plant, machinery and equipment23 | - | - | - | €205 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.007m | - | - | €0.001m | €0.01m | ▲ 1,143% |
| Other tangible fixed assets26 | - | - | - | €0.003m | €0.003m | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | - | - | €269 | €0.01m | ▲ 3,975% |
| Current assets29/58 | €0.6m | €0.6m | €0.6m | €0.6m | €0.3m | €0.1m | €0.3m | €0.4m | ▲ 77.6% |
| Amounts receivable within one year40/41 | €0.4m | €0.3m | €0.2m | €0.007m | €0.007m | €18 | €0.07m | €0.4m | ▲ 409% |
| Other amounts receivable41 | - | - | - | €0.007m | €0.007m | €18 | €0.07m | €0.4m | ▲ 409% |
| Current investments50/53 | - | - | - | €0.5m | €0.3m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.4m | €0.07m | €0.09m | €0.1m | €0.2m | €0.08m | ▼ 58.1% |
| Deferred charges and accrued income490/1 | - | - | - | €113 | - | - | - | €0.005m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.6m | €0.6m | €0.7m | €0.6m | €0.4m | €0.1m | €0.3m | €2.6m | ▲ 884% |
| Equity10/15 | €0.5m | €0.6m | €0.6m | €0.2m | €0.04m | €0.001m | €0.2m | €0.2m | ▲ 4.8% |
| Contributions10/11 | €0.03m | €0.03m | - | €0.03m | €0.03m | €0.001m | €0.001m | €0.004m | ▲ 332% |
| Reserves13 | €0.5m | €0.5m | €0.5m | €0.2m | €0.02m | - | €0.2m | €0.2m | ▲ 3.1% |
| Non-distributable reserves130/1 | - | - | - | - | €0.003m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €0.003m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.2m | €0.01m | - | €0.2m | €0.2m | ▲ 3.1% |
| Profit (loss) carried forward14 | - | - | €0.03m | €0.07m | - | - | €0 | €0 | - |
| Amounts payable17/49 | €0.08m | €0.05m | €0.06m | €0.3m | €0.3m | €0.1m | €0.06m | €2.4m | ▲ 3,621% |
| Amounts payable after more than one year17 | €0.02m | €0.01m | €0.002m | - | - | - | - | €2.0m | - |
| Financial debts170/4 | - | - | - | - | - | - | - | €2.0m | - |
| Amounts payable within one year42/48 | €0.06m | €0.04m | €0.06m | €0.3m | €0.3m | €0.1m | €0.06m | €0.4m | ▲ 546% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.002m | - | - | - | €0.2m | - |
| Trade debts44 | €297 | €0.002m | €170 | €0.003m | €0.005m | €0.002m | €0.008m | €0.04m | ▲ 463% |
| Suppliers440/4 | - | - | - | €0.003m | €0.005m | €0.002m | €0.008m | €0.04m | ▲ 463% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.01m | €0.05m | €0.1m | ▲ 154% |
| Taxes450/3 | - | - | - | - | €0.002m | - | €0.03m | €0.05m | ▲ 36.5% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.02m | €0.01m | €0.02m | €0.09m | ▲ 338% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | €0.1m | €0.002m | €0.02m | ▲ 1,083% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €0.009m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.01m | €0.03m | €0.06m | €0.09m | €0.09m | €0.09m | €0.2m | €0.001m | ▼ 99.3% |
| + Depreciation and write-downs630 | €0.02m | €0.02m | €0.02m | €0.02m | €0.007m | - | €0.003m | €0.2m | ▲ 9,617% |
| Operating cash flow (approximation) | €0.03m | €0.05m | €0.08m | €0.1m | €0.1m | €0.09m | €0.2m | €0.2m | ▲ 24.1% |
| Investment in fixed assets (approximation) | - | -€0.003m | €0 | €0 | -€0 | - | - | -€2.4m | - |
| Change in cash | - | €0.08m | €0.2m | -€0.3m | €0.02m | €0.03m | €0.06m | -€0.1m | - |
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 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 02-06-2026 | 2026-00132934 |
| 31-12-2024 | abbreviated format | 13-02-2025 | 2025-00034322 |
| 31-12-2023 | micro format | 16-08-2024 | 2024-00347425 |
| 31-12-2022 | micro format | 19-05-2023 | 2023-00090035 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20346058 |
| 31-12-2020 | micro format | 07-07-2021 | 2021-32200135 |
| 31-12-2019 | micro format | 15-09-2020 | 2020-53200346 |
| 31-12-2018 | micro format | 27-08-2019 | 2019-51800540 |
| 31-12-2017 | micro format | 17-08-2018 | 2018-46300518 |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-54600134 |
Similar companies · same sector, comparable size
Juloods
BE 0760.471.783
Izegem · equity €209,039
SEMACON
BE 0821.580.892
Diest · equity €208,842
HRK
BE 0895.105.112
Zandhoven · equity €209,394
MAYCOM
BE 0534.904.322
Dinant · equity €208,754
JBS Consulting
BE 0787.891.705
Kortemark · equity €208,686
Of the 7,227 active companies whose main activity is buying and selling of own real estate (NACE 68110), figures are known for 5,422. 3,867 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €566 awarded · €566 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €503 | €503 |
| 2024 | 1 | €63 | €63 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 7 of 15 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
1 ownerChain of control
- SMERGEL
- ASSERTUS
Highest known parent: SMERGEL. The sources do not say who stands above it.
Owners 1
- SMERGELparent99.62%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
2025
31-12
Financial
Weakest financial yearnet €1,336 ▼99.3%
Net result drops to €1,336, the lowest in the series.
31-12
Financial
Equity above €200,000equity €209,087 ▲4.8%
A profit in every financial year since 2018 builds equity to €209,087.
15-04
Gazette deed
Capital & shares · Resignations & appointments · RestructuringResignation: VAN DUYSE Wim (director) · Demerger · Auditor report8 facts ▸
Gazette deed
Capital & shares · Resignations & appointments · Restructuring
Resignation: VAN DUYSE Wim (director) · Demerger · Auditor report8 facts ▸
- General meeting, 31-03-2025
- Other provision, “activa en passiva partieel te splitsen vennootschap, EERSTE BESLUIT-KENNISNAME EN BESPREKING STUKKEN EN VERSLAGEN PARTIËLE SPLITSING” (deed in Dutch)
- Demerger, “rechten en verplichtingen partieel af te splitsen vermogen, TWEEDE BESLUIT-BESLUIT TOT PARTIËLE SPLITSING” (deed in Dutch)
- Other provision, “toestand afgesloten per 2024-12-31, DERDE BESLUIT-OVERGANG AF TE SPLITSEN VERMOGEN” (deed in Dutch)
- Auditor report, 10-02-2025
- Capital decrease, €760.14
- Director resignation, VAN DUYSE Wim (director)
- Power of attorney
15-04
Gazette deed
Capital & shares · RestructuringDeclaration · Demerger · Net-asset statement14 facts ▸
Gazette deed
Capital & shares · Restructuring
Declaration · Demerger · Net-asset statement14 facts ▸
- General meeting, 31-03-2025
- Other provision, “EERSTE BESLUIT - KENNISNAME EN BESPREKING VAN DE STUKKEN EN VERSLAGEN IVM DE PARTIËLE SPLITSING, artikel 12:61 WVV” (deed in Dutch)
- Declaration, “heden, geen belangrijke wijzigingen in activa en passiva van het vermogen van de verkrijgende vennootschap” (deed in Dutch)
- Demerger, “goedkeuring inbreng verzekeringsactiviteiten overeenkomstig splitsingsvoorstel, TWEEDE BESLUIT - BESLUIT TOT PARTIËLE SPLITSING” (deed in Dutch)
- Net-asset statement, “toestand per 31-12-2024”, EUR (deed in Dutch)
- Accounting effect, 01-01-2025
- Auditor report, 10-02-2025
- Declaration, “tussengekomen na voorlezing, volledige actieve en passieve toestand van de goederen voormeld” (deed in Dutch)
- Other provision, “voorwaarden splitsingsvoorstel, beslissing van BV Van de Mergel zoals hierboven vermeld” (deed in Dutch)
- General meeting, “vaststelling verwezenlijking opschortende voorwaarde, overeenstemmende beslissing tot splitsing/inbreng door ASSERTUS” (deed in Dutch)
- Other provision, “partiële splitsing door overneming van deel vermogen”, 10987.54 (deed in Dutch)
- Share issue, “op naam”, 14 (deed in Dutch)
- +2 further facts in this act
24-02
Gazette deed
RestructuringDemerger · Share issue · Accounting effect19 facts ▸
Gazette deed
Restructuring
Demerger · Share issue · Accounting effect19 facts ▸
- Demerger, “partiële splitsing door overneming, artikelen 12:8,1° en 12:59 van het Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Share issue, “voor 1 aandeel van de Partieel Te Splitsen Vennootschap, afgerond” (deed in Dutch)
- Other provision, “bestuursorgaan van de Verkrijgende Vennootschap, aandeel op naam” (deed in Dutch)
- Other provision, “winstdeelname uitgereikt aandeel”, 01-01-2025 (deed in Dutch)
- Accounting effect, 01-01-2025
- Other provision, “wat het af te splitsen vermogen betreft”, 01-01-2025 (deed in Dutch)
- Other provision, 31-12-2024
- Other provision, “bijzondere rechten en andere effecten dan aandelen, F” (deed in Dutch)
- Other provision, “afstand revisoraal controleverslag splitsing, artikel niet van toepassing,geen revisoraal controleverslag,geen bijzondere vergoeding in voorstel” (deed in Dutch)
- Auditor report, “verslag artikel 5:121,§1 juncto 5:133,§1 Wetboek van vennootschappen en verenigingen, inbrengverslaggeving,revisoraal verslag” (deed in Dutch)
- Other provision, “afstand splitsingsverslag bestuursorganen, geen splitsingsverslag door bestuursorgaan elk betrokken vennootschap” (deed in Dutch)
- Other provision, “bijzondere voordelen bestuursorganen”, H (deed in Dutch)
- +7 further facts in this act
24-02
Gazette deed
RestructuringAppointment: DANNY PRAET BEDRIJFSREVISOR (statutory auditor) · Demerger · Accounting effect17 facts ▸
Gazette deed
Restructuring
Appointment: DANNY PRAET BEDRIJFSREVISOR (statutory auditor) · Demerger · Accounting effect17 facts ▸
- Other provision, 10-02-2025, “verklaring eenhoofdigheid” (deed in Dutch)
- Demerger, “partiële splitsing door overneming, bestuursorganen van beide vennootschappen” (deed in Dutch)
- Other provision, “voor 1 aandeel van de Partieel Te Splitsen Vennootschap 0,1147 aandelen van de Verkrijgende Vennootschap, ruilverhouding van de aandelen en opleg in geld” (deed in Dutch)
- Other provision, “wijze van uitreiking van aandelen in de Verkrijgende Vennootschap, enige aandeelhouder van de Partieel Te Splitsen Vennootschap” (deed in Dutch)
- Other provision, “deelnemen in bedrijfsresultaat en delen in winst, datum winstdeelname van uitgereikte aandelen” (deed in Dutch)
- Accounting effect, 01-01-2025
- Other provision, 31-12-2024
- Other provision, “rechten bijzondere rechten en andere effecten, geen bijzondere rechten toegekend of maatregelen voorgesteld” (deed in Dutch)
- Other provision, “afstand revisoraal controleverslag splitsing, revisoraal controleverslag splitsingsverrichting” (deed in Dutch)
- Auditor appointment, DANNY PRAET BEDRIJFSREVISOR
- Other provision, “afstand splitsingsverslag bestuursorgaan, splitsingsverslag door bestuursorgaan van elk van betrokken vennootschappen” (deed in Dutch)
- Other provision, “bijzondere voordelen bestuursorganen” (deed in Dutch)
- +5 further facts in this act
13-02
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
10-01
Gazette deed
Purpose · Amendment of the articlesPurpose change · Power of attorney4 facts ▸
Gazette deed
Purpose · Amendment of the articles
Purpose change · Power of attorney4 facts ▸
- General meeting, 18-12-2024
- Other provision, “ontslag van voorlezing bestuursverslag en kennisname, ontslag aan notaris van voorlezing verslag van bestuurders” (deed in Dutch)
- Purpose change
- Power of attorney (2 times)
2024
31-12
Financial
Highest result from 2018 to 2025net €198,569 ▲110%
Operating result €270,172, net result €198,569, both a record.
31-12
Financial
Liquidity more than triplescurrent ratio 3.92
Current ratio from 1.01 to 3.92; short-term debt falls from €122,530 to €64,103.
31-12
Financial
Equity above €150,000equity €199,569 ▲19,857%
A profit in every financial year since 2018 builds equity to €199,569.
Show earlier events
16-08
NBB filing
Annual accounts filed
financial year 2023 · micro format · 16 days late
01-03
Gazette deed
Appointment: Wim Van Duyse (director)Permanent representative: Laurens Van de Mergel6 facts ▸
Gazette deed
Appointment: Wim Van Duyse (director)
Permanent representative: Laurens Van de Mergel6 facts ▸
- General meeting, 07-02-2024
- Director appointment, Wim Van Duyse (director)
- Board composition, SMERGEL (director)
- Board composition, Wim Van Duyse (director)
- Permanent representative, Laurens Van de Mergel
- Other provision, “Bijlagen bij het Belgisch Staatsblad / Annexes du Moniteur belge, publicatiebijlagen” (deed in Dutch)
14-02
Gazette deed
Resignation: STELLATO (director)Appointment: SMERGEL (director) · Permanent representative: Laurens Van de Mergel · Director discharge6 facts ▸
Gazette deed
Resignation: STELLATO (director)
Appointment: SMERGEL (director) · Permanent representative: Laurens Van de Mergel · Director discharge6 facts ▸
- General meeting, 10-01-2024
- Director resignation, STELLATO (director)
- Director discharge, STELLATO (director)
- Director appointment, SMERGEL (director)
- Permanent representative, Laurens Van de Mergel
- Board composition, SMERGEL (director)
2023
19-05
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
30-08
NBB filing
Annual accounts filed
financial year 2021 · micro format · 30 days late
2021
07-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
15-09
NBB filing
Annual accounts filed
financial year 2019 · micro format · 46 days late
2019
27-08
NBB filing
Annual accounts filed
financial year 2018 · micro format · 27 days late
2018
17-08
NBB filing
Annual accounts filed
financial year 2017 · micro format · 17 days late
2017
31-08
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format · 31 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 21 annual accounts filed, the latest 10 are here; all 21 are under Financials.
7 of 15 deeds read
About the unread acts
Of the 15 Belgian Official Gazette deeds we know for this company, 7 have been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Register details
Identification
Legal formPrivate limited company
Founded09-07-2004
Financial year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866266814
Also
9925:BE0866266814
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 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
Location & real-estate footprint
Registered office, Stekene · 2 establishment units since 2004
Ground area
1,389 m²
Building footprint
178 m²
Building volume
963 m³
2 parcels, Flanders · tallest building 12.9 m. Linked by address, not a title deed.
2 establishment units
ASSERTUS
since 2004unit no. 2.139.258.685
ASSERTUS
since 2026unit no. 2.389.145.236
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46024A2529/00A000 | Flanders | 1,220 m² | - | - |
| 46024A0606/00B000 | Flanders | 169 m² | 1 · 178 m² | 12.9 m · 2 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “Makelaardij in binnen- en buitenland van eigen onroerende goederen; Bank-agentschap; De organisatie,de beheersproblematiek,de marktstudie en…” (deed in Dutch)deed of 24-02-2025
18 activities (deed in Dutch)
- Makelaardij in binnen- en buitenland van eigen onroerende goederen;
- Bank-agentschap;
- De organisatie,de beheersproblematiek,de marktstudie en marketingbegeleiding van andere ondernemingen;
- Het handelen als tussenpersoon in de handel,studieorganisatie en raadgevend bureau inzake financieel-,handels-,en sociale aangelegenheden;
- Het verkrijgen door middel van aankoop,intekening of iedere andere wijze,van roerende waarden,schuldvorderingen,deelbewijzen,deelnemingen in financiële,industriële of commerciële ondernemingen;
- Deelnemen in alle ondernemingen,zowel door inbreng als op iedere andere wijze,vennootschappen oprichten en syndicaten en hieraan op eender welke wijze deelnemen;
- De aankoop,verkoop en beheren van onroerend patrimonium.
- Bemiddeling in kredieten en in bank en beleggingsdiensten,in naam en voor rekening van derden.
- Het plaatsen van verzekeringen van om het even welke aard ook.
- Zij mag ondermeer onroerende goederen verwerven,bouwen,opschikken,uitrusten en ombouwen,doch alleen met het oog op het beheer en de opbrengst en dus niet met het oog op de verkoop of wederverkoop.
- Zij mag onroerende goederen vervreemden met het oog op de wederbelegging van de opbrengst.
- De vennootschap mag haar voorwerp verwezenlijken voor eigen rekening of voor rekening van derden op alle manieren en volgens de wijzen die haar het best geschikt blijken.
- Dit alles in de meest uitgebreide betekenis van de termen.Zij mag tevens om het even welke gelijkaardige handelingen stellen die van aard zouden zijn de verwezenlijking van haar voorwerp te vergemakkelijken of uit te breiden.
- De vennootschap mag rechtstreeks of onrechtstreeks belangen nemen door inbreng,afstand,fusie,inschrijving of aankoop van effecten,financiële tussenkomst of op welke andere wijze ook,in zaken,ondernemingen,verenigingen of vennootschappen,die een zelfde,gelijkaardig of samenhangend voorwerp nastreven of eenvoudig nuttig zouden zijn tot de verwezenlijking van haar voorwerp.
- Zij mag namelijk alle roerende en onroerende goederen die nodig zijn tot het verwezenlijken van haar voorwerp,verkopen,kopen,verhuren,huren,verpachten,pachten,oprichten,of ruilen,alle fabrieksmerken,patenten en vergunningen nemen,bekomen,aankopen of afstaan en in het algemeen alle burgerlijke,commerciële,industriële,onroerende handelingen verrichten,die rechtstreeks of onrechtstreeks bij het voorwerp aansluiten of die van aard zijn de verwezenlijking ervan te vergemakkelijken.
- Zij mag,zowel in België als in het buitenland,alle zetels van uitbating en fabricatie,alle bijhuizen,agentschappen,handelskantoren of stapelplaatsen oprichten,aankopen of overdragen aan andere fysieke of juridische personen.
- De vennootschap kan vertegenwoordigd worden als bestuurder of vereffenaar in andere binnen- of buitenlandse vennootschappen.
- De vennootschap kan de activiteit uitoefenen van onroerende financieringshuur.
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 15-04-2025
Read from the deeds: 2 provisions, deed of 15-04-2025