ASSOCIATED SERVICES
ActiveASSOCIATED SERVICES has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €405k and a net result of €-16k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 679 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
63
/ 100
Healthy▼ -24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-2
Solvency83▲+4
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.97 against 3.24 in 2024), but 61.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.1%
Return on assets
-1.5%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
25 d early
2023
31 d early
2022
3 d early
2021
2 d early
2020
2 d early
2019
12 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close15-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€405k▼ 3.7%
2024 · €421k
2019: €318k
2020: €357k
2021: €365k
2022: €420k
2023: €419k
2024: €421k
2019 → 2025
Total assets
€1.06M▼ 12.1%
2024 · €1.21M
2019: €877k
2020: €846k
2021: €875k
2022: €1.33M
2023: €1.25M
2024: €1.21M
2019 → 2025
Net result
€-16k
2024 · €2k
2019: €6k
2020: €39k
2021: €8k
2022: €56k
2023: €-911
2024: €2k
2019 → 2025
Working capital
€226k▼ 21.0%
2024 · €286k
2019: €-49k
2020: €30k
2021: €94k
2022: €355k
2023: €305k
2024: €286k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€365k-€420k▲ 15.3%€419k▼ 0.2%€421k▲ 0.4%€405k▼ 3.7%
Operating result€24k-€80k▲ 230%€19k▼ 76.5%€25k▲ 32.2%€7k▼ 70.8%
Net result€8k-€56k▲ 638%€-911€2k€-16k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 71% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.06M
Fixed assets
€723k▼ 9.2%
Current assets
€340k▼ 17.6%
Equity and liabilities €1.06M
Equity
€405k▼ 3.7%
Provisions
€91k=
Debt
€567k▼ 18.7%
The debt ratio falls from 57.7% to 53.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€85k▼
2024 · €103k
Cash flow
€62k▼
2024 · €80k
Solvency
38.1%▲
2024 · 34.8%
Current ratio
2.97▼
2024 · 3.24
Quick ratio
2.97▼
2024 · 3.24
Debt / equity
1.40▼
2024 · 1.66
ROE
-3.9%▼
2024 · 0.4%
ROA
-1.5%▼
2024 · 0.1%
Interest coverage
4.06▼
2024 · 4.81
Debt
€567k▼
2024 · €697k
Debt ≤ 1 year
€115k▼
2024 · €127k
Debt > 1 year
€443k▼
2024 · €562k
Income taxes
€2k▲
2024 · €2k
Staff costs
€-221▼
2024 · €123
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.21M€1.06M▼
Fixed assets21/28€796k€723k▼
Tangible fixed assets22/27€796k€723k▼
Land and buildings22€755k€690k▼
Plant, machinery and equipment23€22k€9k▼
Furniture and vehicles24€20k€24k▲
Current assets29/58€413k€340k▼
Amounts receivable after more than one year29€169k€168k▼
Other amounts receivable291€169k€168k▼
Amounts receivable within one year40/41€6k€8k▲
Trade receivables40€6k€8k▲
Other amounts receivable41€207€70▼
Cash at bank and in hand54/58€223k€154k▼
Deferred charges and accrued income490/1€15k€11k▼
Equity and liabilities
Total equity and liabilities10/49€1.21M€1.06M▼
Equity10/15€421k€405k▼
Contributions10/11€45k€45k=
Reserves13€376k€361k▼
Distributable reserves133€376k€361k▼
Provisions and deferred taxes16€91k€91k=
Provisions for liabilities and charges160/5€91k€91k=
Pensions and similar obligations160€91k€91k=
Amounts payable17/49€697k€567k▼
Amounts payable after more than one year17€562k€443k▼
Financial debts170/4€562k€318k▼
Other amounts payable178/9-€125k
Amounts payable within one year42/48€127k€115k▼
Current portion of amounts payable after more than one year42€89k€89k▲
Trade debts44€31k€20k▼
Suppliers440/4€31k€20k▼
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€7k€6k▼
Accrued charges and deferred income492/3€8k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62€123€-221▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€77k▼
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A€330-
Gross operating margin9900€107k€88k▼
Operating profit (loss)9901€25k€7k▼
Financial income75/76B€26€120▲
Recurring financial income75€26€120▲
Financial charges65/66B€21k€21k▼
Recurring financial charges65€21k€21k▼
Non-recurring financial charges66B-€0
Profit (loss) for the period before taxes9903€3k€-14k▼
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€2k€-16k▼
Profit (loss) for the period to be appropriated9905€2k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-16k▼
Transfer from equity791/2-€16k
Transfer to equity691/2€2k€0▼
To other reserves6921€2k€0▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-16k ▼1013%
Net result drops to €-16k, the lowest in the series.
2024
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Highest result since 2019net €56k ▲638%
Operating result €80k, net result €56k, both a record.
31-03
Financial
Liquidity doublescurrent ratio 4.12
Current ratio from 2.00 to 4.12.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lievegem · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Haantjen 29920 LievegemGround area
4,066 m²
Building footprint
177 m²
Volume, LiDAR
1,036 m³
Parcel 44036A0869/00A000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Associated Services
since 20082.175.389.207
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44036A0869/00A000 | Flanders | 4,066 m² | 1 · 177 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
QUANTITATIVE IMPACT
BE 0685.471.284
Etterbeek · Eq €404k
The Belgian Girl
BE 1013.067.406
Gent · Eq €407k
LV-GROUP
BE 0758.883.557
Buggenhout · Eq €402k
V3M
BE 0476.713.824
Heuvelland · Eq €413k
AVERTRY
BE 0823.610.172
Langemark-Poelkapelle · Eq €414k
Of 1,849 companies in sector 55204 we hold annual accounts for 444. 289 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-04-2006
Fiscal year end31-03
Activities, NACEBEL
55204Guest rooms (bed and breakfast)
55203Holiday cottages, homes and apartments
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.