Result
€267,349 ▲ 124%
The result rose in 2025 from €119,186 to €267,349.
ASSETS
Lifetime
20 annual accounts with figures on one time axis, 38 filings since 1988peak €2.5m (2022)
€1.4m▲ 2.0%
lowest -€207,301 (2020)
€267,349▲ 124%
peak €7.1m (2025)
€7.1m▲ 3.9%
€2.0m▼ 31.0%
peak 0 FTE (2022)
-not published
Board4 names since 2017
3 directorsDescamps Lieven and 2 others
Documentsfilings and deeds
04-06-202657 days before the deadline
2025abbreviated format
Result from €119,186 to €267,349Debts from €2.9m to €2.0mCash from €16,839 to €77,946
Key points
from the 2025 annual accountsFilings
38 annual accounts since 1988
Two of the last ten came late. The 2020 accounts came latest: 31 days after the end of the period.
Position in the sector
€7.1m
More equity than 95% of companies in real estate. Sector median €300,015 · 11,302 companies.
Checked score
96
Excellent
Financially stronger than 68% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 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 12-2024
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: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.1%▼ -0.1 percentage points vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026highest value
06-2026: 0.1%▼ -0.1 percentage points vs 05-2026
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 0.07, cash €77,946
lowers risk
Size: total assets €9.4m
Founded in 1988
Figures for financial year 2025 (filed on 04-06-2026)
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 68, small). It does better than 92% of them on solvency, 41% on liquidity, 78% on profitability and 60% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 1,887 companies had the same profile as ASSETS has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of ASSETS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 1,887 companies, not a prediction for ASSETS. 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 verdict
Credit of up to €650,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.07 (0.09 in 2024), below 1. Short-term debt is 19.7% and cash 0.8% of total assets. 24.2% of the assets are financed with debt and provisions.
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
Five signals.
lowers riskraises riskneutral
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 days early
2024
59 days early
2023
58 days early
2022
31 days late
2021
48 days early
2020
31 days late
2019
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 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 4 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0433075603
Amendment of the articles
General meeting of 07-12-2023 · Gazette deed
3 directors reappointed
Descamps Lieven (managing director), Garreyn Rita and Descamps Eef · General meeting of 30-06-2023 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Hoogstammige bomen vellen die geen deel uitmaken van een bos, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen and 1 more · Harelbeke
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ASSETS Kortrijk | €9.4m | €1.4m | 75.8% | - |
| FLANDERS WEAVERS Waregem | €10.5m | €1.3m | 77.7% | - |
| IMVERGO Izegem | €8.3m | €1.2m | 75.1% | - |
| Trinity Real Estate Investments Genk | €9.4m | €1.4m | 17.7% | 0 |
| SCHRAUWEN FOURAGE Wuustwezel | €9.7m | €1.4m | 50.8% | - |
| ANTOM BEHEER Antwerp | €10.1m | €1.4m | 8.4% | - |
| IMODAVE Liège | €10.1m | €1.5m | -6.4% | 16.4 |
These companies have the same main activity as ASSETS: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €8.3m and €10m, founded between 1986 and 1990.
Official details
Source: KBO- Status
- Active since 08-01-1988Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.035.699.8048500 Kortrijk, since 14-03-1988
- Financial year end
- 31 December
- Peppol
- Reachable since 06-03-2025
Annual accounts 2025
- ≈ €1.7mestimated
- €9.4m▼ 6.6%
- Filing
- Filed on 04-06-2026, 57 days before the end of the filing period
Insights on ASSETS
ASSETS files the abbreviated format. That format states no turnover. The gross margin rose from €901,620 in 2006 to €1.4m in 2025.
The balance sheet grew most from 2012 to 2014 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ASSETS
- What is the company number of ASSETS?
- The company number of ASSETS is 0433.075.603. The VAT number is the same number with BE in front: BE 0433.075.603.
- Where is ASSETS based?
- The registered office is at Minister Liebaertlaan 9, 8500 Kortrijk.Company details
- What does ASSETS do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of ASSETS?
- ASSETS is a public limited company (NV).
- When was ASSETS founded?
- ASSETS was founded on 08-01-1988.
- Is ASSETS still active?
- Yes, ASSETS is an active enterprise in the KBO register.
- What is the turnover of ASSETS?
- The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €1.4m and 32 comparable companies (NACE 68203). It probably lies between €1.4m and €2.0m.Financials
- Is ASSETS profitable?
- In financial year 2025, ASSETS made a profit of €267,349.
- Where can I find the annual accounts of ASSETS?
- ASSETS filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ASSETS due?
- ASSETS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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