ASSUFIN
ActiveSummary
ASSUFIN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €41k and a net result of €5k. Equity is growing by ~7.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability44▼-25
Solvency47=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.27 in 2023; short-term debt: 78.2% and cash: 0% of total assets), and 78.2% of the assets are financed with debt.
Credit check 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 2024Solvency, return and age of the figures
Solvency
21.8%
Return on assets
2.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
20 d late
2022
58 d late
2021
27 d late
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€41k▲ 14.6%
2023 · €36k
2018: €24klowest in 7 years
2019: €28k▲ +18.0% vs 2018
2020: €34k▲ +23.3% vs 2019
2021: €34k▲ +0.1% vs 2020
2022: €35k▲ +2.8% vs 2021
2023: €36k▲ +1.8% vs 2022
2024: €41k▲ +14.6% vs 2023highest in 7 years
2018 → 2024
Total assets
€189k▲ 13.2%
2023 · €167k
2018: €125klowest in 7 years
2019: €136k▲ +8.9% vs 2018
2020: €148k▲ +9.1% vs 2019
2021: €155k▲ +4.8% vs 2020
2022: €169k▲ +8.8% vs 2021
2023: €167k▼ -1.2% vs 2022
2024: €189k▲ +13.2% vs 2023highest in 7 years
2018 → 2024
Net result
€5k▲ 714%
2023 · €647
2018: €1k
2019: €4k▲ +194% vs 2018
2020: €6k▲ +53.4% vs 2019highest in 7 years
2021: €50▼ -99.2% vs 2020lowest in 7 years
2022: €959▲ +1809% vs 2021
2023: €647▼ -32.5% vs 2022
2024: €5k▲ +714% vs 2023
2018 → 2024
Working capital
€41k▲ 14.6%
2023 · €36k
2018: €10klowest in 7 years
2019: €11k▲ +14.3% vs 2018
2020: €22k▲ +95.9% vs 2019
2021: €26k▲ +19.7% vs 2020
2022: €31k▲ +19.7% vs 2021
2023: €36k▲ +15.4% vs 2022
2024: €41k▲ +14.6% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€34k-€34k▲ 0.1%€35k▲ 2.8%€36k▲ 1.8%€41k▲ 14.6%
2020: €34klowest in 5 years
2021: €34k▲ +0.1% vs 2020
2022: €35k▲ +2.8% vs 2021
2023: €36k▲ +1.8% vs 2022
2024: €41k▲ +14.6% vs 2023highest in 5 years
Operating result€9k-€411▼ 95.4%€183▼ 55.5%€1k▲ 553%€8k▲ 531%
2020: €9khighest in 5 years
2021: €411▼ -95.4% vs 2020
2022: €183▼ -55.5% vs 2021lowest in 5 years
2023: €1k▲ +553% vs 2022
2024: €8k▲ +531% vs 2023
Net result€6k-€50▼ 99.2%€959▲ 1,809%€647▼ 32.5%€5k▲ 714%
2020: €6khighest in 5 years
2021: €50▼ -99.2% vs 2020lowest in 5 years
2022: €959▲ +1809% vs 2021
2023: €647▼ -32.5% vs 2022
2024: €5k▲ +714% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 531% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €189k
Equity
€41k ▲ 14.6%
Debt
€148k ▲ 12.8%
Debt's share of the balance-sheet total falls from 78.5% to 78.2%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.28▲
2023 · 1.27
Debt to equity
3.59▼
2023 · 3.65
ROE
12.8%▲
2023 · 1.8%
ROA
2.8%▲
2023 · 0.4%
Debt ≤ 1 year
€148k▲
2023 · €131k
Income taxes
€2k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€167k€189k▲
Current assets29/58€167k€189k▲
Amounts receivable within one year40/41€164k€189k▲
Trade receivables40€120k€144k▲
Other amounts receivable41€44k€45k▲
Cash at bank and in hand54/58€2k€59▼
Deferred charges and accrued income490/1€892€506▼
Equity and liabilities
Total equity and liabilities10/49€167k€189k▲
Equity10/15€36k€41k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€16k€21k▲
Amounts payable17/49€131k€148k▲
Amounts payable within one year42/48€131k€148k▲
Trade debts44€22k€22k▲
Suppliers440/4€22k€22k▲
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€106k€121k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k-
Other operating charges640/8€651€735▲
Gross operating margin9900€6k€8k▲
Operating profit (loss)9901€1k€8k▲
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€90€1k▲
Recurring financial charges65€90€1k▲
Profit (loss) for the period before taxes9903€2k€8k▲
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€647€5k▲
Profit (loss) for the period to be appropriated9905€647€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€21k▲
Profit (loss) brought forward from the previous period14P€15k€16k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €4k | €4k | - | - |
| Other operating charges640/8 | - | €606 | €741 | €651 | €735 | ▲ 13.0% |
| Gross operating margin9900 | €14k | €5k | €5k | €6k | €8k | ▲ 37.6% |
| Operating profit (loss)9901 | €9k | €411 | €183 | €1k | €8k | ▲ 531% |
| Financial income75/76B | - | €2k | €1k | €1k | €1k | ▲ 2.4% |
| Recurring financial income75 | €1k | €2k | €1k | €1k | €1k | ▲ 2.4% |
| Financial charges65/66B | - | €72 | €107 | €90 | €1k | ▲ 1,194% |
| Recurring financial charges65 | €159 | €72 | €107 | €90 | €1k | ▲ 1,194% |
| Profit (loss) for the period before taxes9903 | €10k | €2k | €1k | €2k | €8k | ▲ 222% |
| Income taxes67/77 | €3k | €2k | €320 | €2k | €2k | ▲ 38.3% |
| Profit (loss) for the period9904 | €6k | €50 | €959 | €647 | €5k | ▲ 714% |
| Profit (loss) for the period to be appropriated9905 | €6k | €50 | €959 | €647 | €5k | ▲ 714% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €148k | €155k | €169k | €167k | €189k | ▲ 13.2% |
| Fixed assets21/28 | €13k | €8k | €4k | - | - | - |
| Tangible fixed assets22/27 | €12k | €8k | €4k | - | - | - |
| Furniture and vehicles24 | - | €8k | €4k | - | - | - |
| Financial fixed assets28 | €75 | - | - | - | - | - |
| Current assets29/58 | €136k | €147k | €165k | €167k | €189k | ▲ 13.2% |
| Amounts receivable within one year40/41 | €133k | €143k | €162k | €164k | €189k | ▲ 15.0% |
| Trade receivables40 | - | €103k | €120k | €120k | €144k | ▲ 19.4% |
| Other amounts receivable41 | - | €40k | €41k | €44k | €45k | ▲ 3.0% |
| Cash at bank and in hand54/58 | €2k | €3k | €3k | €2k | €59 | ▼ 97.4% |
| Deferred charges and accrued income490/1 | - | €446 | €581 | €892 | €506 | ▼ 43.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €148k | €155k | €169k | €167k | €189k | ▲ 13.2% |
| Equity10/15 | €34k | €34k | €35k | €36k | €41k | ▲ 14.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | €19k | €19k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €14k | €14k | €15k | €16k | €21k | ▲ 33.9% |
| Amounts payable17/49 | €114k | €121k | €134k | €131k | €148k | ▲ 12.8% |
| Amounts payable within one year42/48 | €114k | €121k | €134k | €131k | €148k | ▲ 12.8% |
| Trade debts44 | €3k | €17k | €22k | €22k | €22k | ▲ 2.0% |
| Suppliers440/4 | - | €17k | €22k | €22k | €22k | ▲ 2.0% |
| Taxes, remuneration and social security45 | - | €2k | €3k | €3k | €4k | ▲ 46.1% |
| Taxes450/3 | - | €2k | €3k | €3k | €4k | ▲ 46.1% |
| Other amounts payable47/48 | - | €102k | €109k | €106k | €121k | ▲ 14.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €50 | €959 | €647 | €5k | ▲ 714% |
| + Depreciation and write-downs630 | €4k | €4k | €4k | €4k | - | - |
| Operating cash flow (approximation) | €11k | €4k | €5k | €5k | €5k | ▲ 9.6% |
| Investment in fixed assets (approximation) | - | €75 | €0 | - | - | - |
| Change in cash | - | €1k | €-510 | €-437 | €-2k | ▼ 410% |
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-12
Financial
Weakest financial yearnet €50 ▼99.2%
Net result drops to €50, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €6k ▲53.4%
Operating result €9k, net result €6k, both a record.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 152 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Waterloo · 1 establishment unit since 1990
Ground area
4,166 m²
Building footprint
3,210 m²
Volume, LiDAR
41,926 m³
2 parcels, Brussels, Wallonia · tallest building 20.1 m, ±6 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
ASSUFIN
since 19902.049.234.173
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A1111/00B000 ProtectedArchitectural ensemble · MonumentDe Borse - uitbreiding van de bescherming met bepaalde delenSource ↗ |
Brussels | 3,019 m² | 1 · 2,983 m² | 20.1 m · 6 fl. |
| 25764N0873/00S002 | Wallonia | 1,146 m² | 1 · 227 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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.
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded10-07-1990
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.