ASSET
ActiveSummary
ASSET has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €639,848 and a net result of €16,499. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 84% of 731 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability21▼-58
Solvency100▲+25
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 4.15 against 1.92 in 2024; short-term debt: 20.8% and cash: 10% of total assets), and 22.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
77.8%
Return on assets
2%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
37 d early
2023
29 d late
2022
3 d early
2021
19 d early
2020
40 d early
2019
22 d early
← 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 13 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16,499▼ 84.2%
2024 · €104,328
Working capital
€538,588▼ 0.9%
2024 · €543,402
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€146,848€62,693-€108,471€60,662-€72,086
Net result-€101,321€106,577-€35,798€104,328€16,499▼ 84.2%
Equity€607,241▼ 14.3%€659,818▲ 8.7%€624,020▼ 5.4%€623,348▼ 0.1%€639,848▲ 2.6%
Total assets€995,102▼ 5.4%€1.1m▲ 11.2%€1.1m▼ 2.9%€1.2m▲ 15.1%€822,139▼ 33.5%
Debt€387,862▲ 13.0%€446,502▲ 15.1%€449,952▲ 0.8%€612,258▲ 36.1%€182,292▼ 70.2%
Working capital€550,279▼ 11.7%€612,651▲ 11.3%€579,307▼ 5.4%€543,402▼ 6.2%€538,588▼ 0.9%
Staff (FTE)17.6▼ 3.8%17.1▼ 2.8%17.7▲ 3.5%16.1▼ 9.0%14▼ 13.0%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €72,086 after €60,662 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €822,139
Fixed assets
€112,579 ▲ 13.6%
Current assets
€709,560 ▼ 37.6%
Equity and liabilities €822,139
Equity
€639,848 ▲ 2.6%
Debt
€182,292 ▼ 70.2%
Debt's share of the balance-sheet total falls from 49.6% to 22.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€34,268▼
2024 · €95,946
Cash flow
€54,317▼
2024 · €139,612
Current ratio
4.15▲
2024 · 1.92
Quick ratio
2.30▲
2024 · 1.58
Debt to equity
0.28▼
2024 · 0.98
ROE
2.6%▼
2024 · 16.7%
ROA
2.0%▼
2024 · 8.4%
Interest coverage
-10.41▼
2024 · 34.82
Debt ≤ 1 year
€170,973▼
2024 · €593,130
Debt > 1 year
€979▼
2024 · €13,773
Income taxes
€1,521▼
2024 · €13,409
Staff costs
€911,270▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 14,684 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €12,601 | €2,892 | - | - |
| Remuneration, social security and pensions62 | €1.1m | €1.0m | €1.1m | €1.1m | €911,270 | ▼ 14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,621 | €38,366 | €21,973 | €35,284 | €37,818 | ▲ 7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,800 | - | -€13,818 | -€496 | - | - |
| Other operating charges640/8 | €4,310 | €3,899 | €16,270 | €4,883 | €5,108 | ▲ 4.6% |
| Non-recurring operating charges66A | €12,500 | €2,500 | - | - | - | - |
| Gross operating margin9900 | €964,477 | €1.1m | €1.0m | €1.2m | €882,110 | ▼ 24.1% |
| Operating profit (loss)9901 | -€146,848 | €62,693 | -€108,471 | €60,662 | -€72,086 | ▼ 219% |
| Financial income75/76B | €48,401 | €47,997 | €76,417 | €59,830 | €93,398 | ▲ 56.1% |
| Recurring financial income75 | €48,401 | €47,997 | €76,417 | €59,830 | €93,398 | ▲ 56.1% |
| Financial charges65/66B | €1,767 | €2,648 | €1,628 | €2,755 | €3,292 | ▲ 19.5% |
| Recurring financial charges65 | €1,767 | €2,648 | €1,628 | €2,755 | €3,292 | ▲ 19.5% |
| Profit (loss) for the period before taxes9903 | -€100,214 | €108,041 | -€33,681 | €117,737 | €18,021 | ▼ 84.7% |
| Income taxes67/77 | €1,107 | €1,464 | €2,117 | €13,409 | €1,521 | ▼ 88.7% |
| Profit (loss) for the period9904 | -€101,321 | €106,577 | -€35,798 | €104,328 | €16,499 | ▼ 84.2% |
| Profit (loss) for the period to be appropriated9905 | -€101,321 | €106,577 | -€35,798 | €104,328 | €16,499 | ▼ 84.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €995,102 | €1.1m | €1.1m | €1.2m | €822,139 | ▼ 33.5% |
| Fixed assets21/28 | €88,800 | €76,615 | €59,710 | €99,074 | €112,579 | ▲ 13.6% |
| Intangible fixed assets21 | €5,280 | €3,184 | €14,089 | €10,228 | €6,865 | ▼ 32.9% |
| Tangible fixed assets22/27 | €69,179 | €59,191 | €31,381 | €74,607 | €91,474 | ▲ 22.6% |
| Plant, machinery and equipment23 | €67,604 | €58,775 | €31,381 | €68,267 | €62,792 | ▼ 8.0% |
| Furniture and vehicles24 | €1,575 | €416 | - | €6,340 | €28,683 | ▲ 352% |
| Financial fixed assets28 | €14,340 | €14,240 | €14,240 | €14,240 | €14,240 | = |
| Current assets29/58 | €906,303 | €1.0m | €1.0m | €1.1m | €709,560 | ▼ 37.6% |
| Stocks and contracts in progress3 | €342,491 | €336,990 | €310,371 | €199,457 | €315,590 | ▲ 58.2% |
| Contracts in progress37 | €342,491 | €336,990 | €310,371 | €199,457 | €315,590 | ▲ 58.2% |
| Amounts receivable within one year40/41 | €338,062 | €486,967 | €503,939 | €430,968 | €273,144 | ▼ 36.6% |
| Trade receivables40 | €274,219 | €408,588 | €427,471 | €395,376 | €225,588 | ▼ 42.9% |
| Other amounts receivable41 | €63,844 | €78,380 | €76,468 | €35,592 | €47,556 | ▲ 33.6% |
| Cash at bank and in hand54/58 | €192,570 | €174,197 | €165,557 | €468,637 | €81,921 | ▼ 82.5% |
| Deferred charges and accrued income490/1 | €33,179 | €31,550 | €34,394 | €37,471 | €38,905 | ▲ 3.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €995,102 | €1.1m | €1.1m | €1.2m | €822,139 | ▼ 33.5% |
| Equity10/15 | €607,241 | €659,818 | €624,020 | €623,348 | €639,848 | ▲ 2.6% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €527,500 | €582,500 | €547,500 | €547,500 | €562,500 | ▲ 2.7% |
| Non-distributable reserves130/1 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Legal reserve130 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Distributable reserves133 | €520,000 | €575,000 | €540,000 | €540,000 | €555,000 | ▲ 2.8% |
| Profit (loss) carried forward14 | €4,741 | €2,318 | €1,520 | €848 | €2,348 | ▲ 177% |
| Amounts payable17/49 | €387,862 | €446,502 | €449,952 | €612,258 | €182,292 | ▼ 70.2% |
| Amounts payable after more than one year17 | €26,838 | €29,449 | €14,997 | €13,773 | €979 | ▼ 92.9% |
| Financial debts170/4 | €26,838 | €29,449 | €14,997 | €13,773 | €979 | ▼ 92.9% |
| Amounts payable within one year42/48 | €356,024 | €417,053 | €434,954 | €593,130 | €170,973 | ▼ 71.2% |
| Current portion of amounts payable after more than one year42 | €12,931 | €14,451 | €14,451 | €24,692 | €12,794 | ▼ 48.2% |
| Trade debts44 | €98,419 | €108,014 | €119,893 | €161,720 | €62,513 | ▼ 61.3% |
| Suppliers440/4 | €98,419 | €108,014 | €119,893 | €161,720 | €62,513 | ▼ 61.3% |
| Taxes, remuneration and social security45 | €244,674 | €240,587 | €300,610 | €301,718 | €95,665 | ▼ 68.3% |
| Taxes450/3 | €98,286 | €110,979 | €120,272 | €131,784 | €21,972 | ▼ 83.3% |
| Remuneration and social security454/9 | €146,388 | €129,608 | €180,338 | €169,934 | €73,693 | ▼ 56.6% |
| Other amounts payable47/48 | - | €54,000 | - | €105,000 | - | - |
| Accrued charges and deferred income492/3 | €5,000 | - | - | €5,355 | €10,341 | ▲ 93.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€101,321 | €106,577 | -€35,798 | €104,328 | €16,499 | ▼ 84.2% |
| + Depreciation and write-downs630 | €36,621 | €38,366 | €21,973 | €35,284 | €37,818 | ▲ 7.2% |
| Operating cash flow (approximation) | -€64,701 | €144,944 | -€13,826 | €139,612 | €54,317 | ▼ 61.1% |
| Investment in fixed assets (approximation) | - | -€26,182 | -€5,067 | -€74,648 | -€51,323 | ▲ 31.2% |
| Change in cash | - | -€18,373 | -€8,640 | €303,080 | -€386,716 | ▼ 228% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-09
State Gazette act
Resignation: Frank Vormezeele (class B director)Power of attorney3 facts ▸
State Gazette act
Resignation: Frank Vormezeele (class B director)
Power of attorney3 facts ▸
- General meeting, 07-09-2026
- Director resignation, Frank Vormezeele (class B director)
- Power of attorney, Christophe Blindeman
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity doublescurrent ratio 4.15
Current ratio from 1.92 to 4.15; short-term debt falls from €593,130 to €170,973.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €104,328
Net result €104,328 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €106,577
Net result €106,577 after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€101,321
Net result drops to -€101,321, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Equity above €500,000Eq €605,290 ▲21.8%
2 profitable years in a row build equity to €605,290.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
11 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1985
Ground area
4,881 m²
Building footprint
609 m²
Volume, LiDAR
9,691 m³
Parcel 44806F0674/00F003, Flanders · tallest building 23.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Coupure 65, 9000 Gent
since 19852.027.250.015
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44806F0674/00F003 | Flanders | 4,881 m² | 1 · 609 m² | 23.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Frank Vormezeele |
|
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
50%
Holdings 1
-
40%
According to the 2025 annual accounts of ASSET and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 6,703 EUR awarded · 6,850 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,674 EUR | 1,641 EUR |
| 2024 | 1 | 804 EUR | 984 EUR |
| 2023 | 1 | 1,984 EUR | 1,984 EUR |
| 2022 | 1 | 2,241 EUR | 2,241 EUR |
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 4,096 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-06-1985
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427396648
Registered
30-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.