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ASSOCIATED SERVICES

Active
Private limited companyfounded 2006active for 20 yearsHaantjen 2, 9920 Lievegem, BelgiumKBO/BCE: BE 0880.619.646

From the official registers: KBO 19 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

ASSOCIATED SERVICES has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €386,630 and a net result of -€18,616. Equity has been stable since 2019 (±2.5% per year). Its solvency ranks better than 65% of 44 sector peers (NACE 55, financial year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

KBO
Status
Active since 06-04-2006 Normal situation
Legal form
Private limited company
Registered office
Haantjen 2, 9920 Lievegem
Activity
Guest rooms (bed and breakfast) NACE 55204and 2 others
Establishment unit
2.175.389.207 9920 Lievegem, since 15-10-2008
Financial year end
31 March
Peppol
Reachable since 30-08-2023

Board and ownership

Board

Financial position

95 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 31-03-2026
Gross margin
€98,521
▲ 11.6%
Turnover
≈ €300,000
estimated
Loss
€18,616
▲ 18.8%
Equity
€386,630
▼ 4.6%
Total assets
€944,592
▼ 11.2%
2026 accounts filed 128 days before the deadline
Filed on 25-06-2026at the National Bank
Score breakdownraises riskLoss of €18,616, the second in a row (financial year 2026)lowers riskSize: total assets €944,592Founded in 2006Figures for financial year 2026 (filed on 25-06-2026)Show the evidence

Checked score

Score 2026
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 60% of micro companies in accommodation (NACE 55)
Financial strength · tick: 2025
Strong
Solvency 66+3
equity 40.9% of total assets
Liquidity 70+2
short-term debt 12.8% · cash 17.3%
Profitability 66+15
return on assets -2.0%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (2,520 companies, NACE 55, micro)
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%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025lowest value 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%▲ +0.1 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025highest value 11-2025: < 0.1%▼ -0.1 percentage points vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 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%▲ +0.1 percentage points vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.5 (2.97 in 2025), above the usual 1.5. Short-term debt is 12.8% and cash 17.3% of total assets. However, 59.1% of the assets are financed with debt and provisions.
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 55, micro). It does better than 64% of them on solvency, 84% on liquidity, 53% on profitability and 38% on growth.

The bankruptcy probability was computed on 31-10-2026 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. 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).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €944,592
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2006
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2026 (filed on 25-06-2026)
NBB · annual accounts
raises risk · Loss of €18,616, the second in a row (financial year 2026)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026
Net result per financial year
1920212223242526
2019 to 2026 · latest year -€18,616
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 25-06-2026, 128 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
128 days early
2025
7 days early
2024
25 days early
2023
31 days early
2022
3 days early
2021
2 days early
2020
2 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 28 days before the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 6 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 8th largest company by total assets in Lievegem, Accommodation and food service…in the Checked rankings No. 8 View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
  • Caution: 2 loss-making years in a rowloss in financial year 2026 -€18,616 View

Documents

Key facts about ASSOCIATED SERVICES

What is the company number of ASSOCIATED SERVICES?
The company number of ASSOCIATED SERVICES is 0880.619.646. The VAT number is the same number with BE in front: BE 0880.619.646.
Where is ASSOCIATED SERVICES based?
The registered office is at Haantjen 2, 9920 Lievegem.Company details
What does ASSOCIATED SERVICES do?
According to the KBO register, the main activity is guest rooms (bed and breakfast) (NACE 55204).
What is the legal form of ASSOCIATED SERVICES?
The legal form of ASSOCIATED SERVICES is Private limited company (BV).
When was ASSOCIATED SERVICES founded?
ASSOCIATED SERVICES was founded on 06-04-2006.
Is ASSOCIATED SERVICES still active?
Yes, ASSOCIATED SERVICES is an active enterprise in the KBO register.
How many employees does ASSOCIATED SERVICES have?
ASSOCIATED SERVICES had an average of 0.1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of ASSOCIATED SERVICES?
The turnover in financial year 2026 is ≈ €300,000. This figure is estimated from the gross margin of €98,521 and 2,678 comparable companies of the same size. It probably lies between €200,000 and €510,000. It is a rough estimate.
Is ASSOCIATED SERVICES profitable?
In financial year 2026, ASSOCIATED SERVICES made a loss of €18,616.
Where can I find the annual accounts of ASSOCIATED SERVICES?
ASSOCIATED SERVICES filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2026.Annual accounts at the National Bank
When are the next annual accounts of ASSOCIATED SERVICES due?
ASSOCIATED SERVICES must file the annual accounts for financial year 2027 by 31-10-2027.Timeline

Comparable companies

These companies have the same main activity as ASSOCIATED SERVICES: guest rooms (bed and breakfast) (NACE 55204). They are comparable in size and age: total assets between €684,000 and €1.2m, founded between 2004 and 2010.

CompanyTotal assetsGross margin
ASSOCIATED SERVICES Lievegem€0.9m€0.1m
HOF TE SPIERINGEN Pajottegem€0.9m€0.1m
DE PROL INVEST Gent€0.7m€0.1m
BELLAERT RUDI Jabbeke€0.9m€0.1m
TOLKENSERVICE Leuven€0.7m€0.1m
HULLEBRUG Heist-op-den-Berg€0.8m€0.1m
HOFSTEDE DE STAMPER Damme€1.2m€0.08m
Full comparison

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