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ASSURDO

Active
Private limited companyfounded 1988active for 38 yearsAaigemdorp 46, 9420 Erpe-Mere, BelgiumKBO/BCE: BE 0433.345.421
Summary

ASSURDO has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,479 and a net result of €4,712. Equity is growing by about 5.6% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (12 days) Filed on 12 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00397613.

Turnover
≈ €180,000
Estimated: probably between €110,000 and €330,000
Total assets
€301,956▼ 0.9%
2024 · €304,701
Net result
€4,712▼ 55.3%
2024 · €10,538
Working capital
-€144,211▲ 9.2%
2024 · -€158,849
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 64% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€5,646 2025 Net result€4,712 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€11,474-€10,837▼ 5.5%€11,548▲ 6.6%€7,557▼ 34.6%-€16,272€6,372€15,747▲ 147%€5,646▼ 64.1%
Net result€7,992-€7,667▼ 4.1%€12,306▲ 60.5%€5,390▼ 56.2%-€15,350€889€10,538▲ 12×€4,712▼ 55.3%
Equity€40,328-€47,995▲ 19.0%€60,301▲ 25.6%€65,691▲ 8.9%€50,341▼ 23.4%€51,229▲ 1.8%€61,767▲ 20.6%€66,479▲ 7.6%
Total assets€314,707-€302,674▼ 3.8%€312,298▲ 3.2%€270,657▼ 13.3%€243,988▼ 9.9%€287,927▲ 18.0%€304,701▲ 5.8%€301,956▼ 0.9%
Debt€274,379-€254,680▼ 7.2%€251,997▼ 1.1%€204,967▼ 18.7%€193,648▼ 5.5%€236,697▲ 22.2%€242,934▲ 2.6%€235,477▼ 3.1%
Working capital-€205,661--€204,012▲ 0.8%-€176,341▲ 13.6%-€152,948▲ 13.3%-€178,872▼ 16.9%-€189,910▼ 6.2%-€158,849▲ 16.4%-€144,211▲ 9.2%
Staff (FTE)1-
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €301,956
Fixed assets €212,733 ▼ 8.8%
Current assets €89,224 ▲ 24.9%
Equity and liabilities €301,956
Equity €66,479 ▲ 7.6%
Debt €235,477 ▼ 3.1%
Debt's share of the balance-sheet total falls from 79.7% to 78.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€31,542▼
2024 · €41,467
Cash flow
€30,608▼
2024 · €36,258
Current ratio
0.38▲
2024 · 0.31
Debt to equity
3.54▼
2024 · 3.93
ROE
7.1%▼
2024 · 17.1%
ROA
1.6%▼
2024 · 3.5%
Interest coverage
33.40▲
2024 · 7.96
Debt ≤ 1 year
€233,435▲
2024 · €230,258
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.5% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.1% went bankrupt
2.3% stopped otherwise
96.5% still going

A further 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,984 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€304,701€301,956▼
Fixed assets21/28€233,292€212,733▼
Tangible fixed assets22/27€233,292€212,733▼
Land and buildings22€228,480€206,022▼
Plant, machinery and equipment23€4,812€6,711▲
Furniture and vehicles24€0€0=
Current assets29/58€71,409€89,224▲
Amounts receivable within one year40/41€227€0▼
Trade receivables40-€0
Other amounts receivable41€227€0▼
Cash at bank and in hand54/58€46,334€62,470▲
Deferred charges and accrued income490/1€24,848€26,754▲
Equity and liabilities
Total equity and liabilities10/49€304,701€301,956▼
Equity10/15€61,767€66,479▲
Contributions10/11€6,200€6,200=
Reserves13€55,567€60,279▲
Distributable reserves133€55,567€60,279▲
Amounts payable17/49€242,934€235,477▼
Amounts payable after more than one year17€8,200-
Financial debts170/4€8,200-
Amounts payable within one year42/48€230,258€233,435▲
Current portion of amounts payable after more than one year42€8,550€8,200▼
Trade debts44€7,819€2,268▼
Suppliers440/4€7,819€2,268▼
Taxes, remuneration and social security45€1,401€195▼
Taxes450/3€1,401€195▼
Other amounts payable47/48€212,487€222,772▲
Accrued charges and deferred income492/3€4,476€2,042▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,720€25,896▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€9,441
Other operating charges640/8€4,742€4,869▲
Gross operating margin9900€46,210€45,851▼
Operating profit (loss)9901€15,747€5,646▼
Financial income75/76B-€10
Recurring financial income75-€10
Financial charges65/66B€5,209€944▼
Recurring financial charges65€5,209€944▼
Profit (loss) for the period before taxes9903€10,538€4,712▼
Income taxes67/77€0-
Profit (loss) for the period9904€10,538€4,712▼
Profit (loss) for the period to be appropriated9905€10,538€4,712▼
Appropriation of the result
Profit (loss) to be appropriated9906€10,538€4,712▼
Transfer to equity691/2€10,538€4,712▼
To other reserves6921€10,538€4,712▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,969€17,996€17,911€17,911€18,649€22,494€25,720€25,896▲ 0.7%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-------€9,441-
Other operating charges640/8---€5,184€4,831€5,114€4,742€4,869▲ 2.7%
Non-recurring operating charges66A----€25,764€0---
Gross operating margin9900€69,851€33,298€34,110€30,651€32,973€33,980€46,210€45,851▼ 0.8%
Operating profit (loss)9901€11,474€10,837€11,548€7,557-€16,272€6,372€15,747€5,646▼ 64.1%
Financial income75/76B----€3,068€0-€10-
Recurring financial income75€136€339€3,086-€3,068€0-€10-
Financial charges65/66B---€1,963€1,923€5,460€5,209€944▼ 81.9%
Recurring financial charges65€3,413€3,310€2,138€1,963€1,923€5,460€5,209€944▼ 81.9%
Profit (loss) for the period before taxes9903€8,196€7,866€12,496€5,594-€15,127€912€10,538€4,712▼ 55.3%
Income taxes67/77€204€200€189€204€223€23€0--
Profit (loss) for the period9904€7,992€7,667€12,306€5,390-€15,350€889€10,538€4,712▼ 55.3%
Profit (loss) for the period to be appropriated9905€7,992€7,667€12,306€5,390-€15,350€889€10,538€4,712▼ 55.3%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€314,707€302,674€312,298€270,657€243,988€287,927€304,701€301,956▼ 0.9%
Fixed assets21/28€268,071€255,643€239,012€221,101€232,843€259,012€233,292€212,733▼ 8.8%
Tangible fixed assets22/27€268,071€255,643€239,012€221,101€232,843€259,012€233,292€212,733▼ 8.8%
Land and buildings22---€221,101€232,843€253,028€228,480€206,022▼ 9.8%
Plant, machinery and equipment23-----€5,984€4,812€6,711▲ 39.5%
Furniture and vehicles24-----€0€0€0-
Current assets29/58€46,637€47,031€73,286€49,556€11,145€28,915€71,409€89,224▲ 24.9%
Amounts receivable within one year40/41€29,173€26,273€32,177€31,547€563€449€227€0▼ 100%
Trade receivables40---€25,764---€0-
Other amounts receivable41---€5,784€563€449€227€0▼ 100%
Cash at bank and in hand54/58€12,339€15,942€36,813€14,543€8,339€14,145€46,334€62,470▲ 34.8%
Deferred charges and accrued income490/1---€3,466€2,244€14,321€24,848€26,754▲ 7.7%
Equity and liabilities
Total equity and liabilities10/49€314,707€302,674€312,298€270,657€243,988€287,927€304,701€301,956▼ 0.9%
Equity10/15€40,328€47,995€60,301€65,691€50,341€51,229€61,767€66,479▲ 7.6%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200€6,200=
Reserves13€33,859€40,859€53,859€58,859€44,141€45,029€55,567€60,279▲ 8.5%
Non-distributable reserves130/1---€1,859€1,859€0---
Reserves not available under the articles1311---€1,859€1,859€0---
Distributable reserves133---€57,000€42,281€45,029€55,567€60,279▲ 8.5%
Profit (loss) carried forward14€269€935€242€631-----
Amounts payable17/49€274,379€254,680€251,997€204,967€193,648€236,697€242,934€235,477▼ 3.1%
Amounts payable after more than one year17€20,484----€16,181€8,200--
Financial debts170/4-----€16,181€8,200--
Amounts payable within one year42/48€252,297€251,043€249,626€202,504€190,018€218,825€230,258€233,435▲ 1.4%
Current portion of amounts payable after more than one year42-----€8,156€8,550€8,200▼ 4.1%
Trade debts44€3,010€256€3,532€2,162€3,490€9,164€7,819€2,268▼ 71.0%
Suppliers440/4---€2,162€3,490€9,164€7,819€2,268▼ 71.0%
Taxes, remuneration and social security45---€22,520€36,955€1,931€1,401€195▼ 86.1%
Taxes450/3---€1,120€1,155€1,931€1,401€195▼ 86.1%
Remuneration and social security454/9---€21,400€35,800€0---
Other amounts payable47/48---€177,822€149,572€199,574€212,487€222,772▲ 4.8%
Accrued charges and deferred income492/3---€2,463€3,630€1,692€4,476€2,042▼ 54.4%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€7,992€7,667€12,306€5,390-€15,350€889€10,538€4,712▼ 55.3%
+ Depreciation and write-downs630€17,969€17,996€17,911€17,911€18,649€22,494€25,720€25,896▲ 0.7%
Operating cash flow (approximation)€25,962€25,662€30,217€23,301€3,299€23,383€36,258€30,608▼ 15.6%
Investment in fixed assets (approximation)--€5,568-€1,280€0-€30,391-€48,663€0-€5,336-
Change in cash-€3,604€20,870-€22,270-€6,204€5,807€32,189€16,136▼ 49.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 39 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 12-08-2026 2026-00397613
31-12-2024 micro format 29-08-2025 2025-00476307
31-12-2023 abbreviated format 30-08-2024 2024-00417759
31-12-2022 abbreviated format 31-08-2023 2023-00418600
31-12-2021 abbreviated format 26-08-2022 2022-20413457
31-12-2020 abbreviated format 26-10-2021 2021-73400367
31-12-2019 abbreviated format 04-09-2020 2020-51200436
31-12-2018 abbreviated format 28-08-2019 2019-52900039
31-12-2017 abbreviated format 30-08-2018 2018-54400350
31-12-2016 abbreviated format 18-09-2017 2017-61000538

Show all 39 filings

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