ASSUWE
ActiveSummary
ASSUWE has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94,888 and a net result of €22,639. Equity is shrinking by ~5.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+23
Solvency100▲+54
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 10.87 against 1.12 in 2024; short-term debt: 6.6% and cash: 65.5% of total assets), and 6.6% of the assets are financed with debt.
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Signals
Four 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.4%
Return on assets
22.3%
Age of the figures
9 mo
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 06-06-2026, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
55 d early
2024
59 d early
2023
4 d early
2022
5 d early
2021
20 d late
2020
9 d late
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 10 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 July (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€94,888▲ 28.4%
2024 · €73,915
Total assets
€101,599▼ 70.7%
2024 · €347,009
Net result
€22,639▲ 50.6%
2024 · €15,030
Working capital
€66,265▲ 98.3%
2024 · €33,417
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,372€20,107▲ 748%€33,828▲ 68.2%€15,836▼ 53.2%€24,789▲ 56.5%
Net result€1,953€15,229▲ 680%€25,204▲ 65.5%€15,030▼ 40.4%€22,639▲ 50.6%
Equity€293,286▼ 17.0%€306,914▲ 4.6%€330,518▲ 7.7%€73,915▼ 77.6%€94,888▲ 28.4%
Total assets€355,547▼ 8.0%€310,249▼ 12.7%€334,334▲ 7.8%€347,009▲ 3.8%€101,599▼ 70.7%
Debt€62,261▲ 87.0%€3,335▼ 94.6%€3,816▲ 14.4%€273,094▲ 7,057%€6,711▼ 97.5%
Working capital€293,139▼ 15.2%€306,234▲ 4.5%€278,942▼ 8.9%€33,417▼ 88.0%€66,265▲ 98.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 57% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101,599
Fixed assets
€28,623 ▼ 29.3%
Current assets
€72,976 ▼ 76.2%
Equity and liabilities €101,599
Equity
€94,888 ▲ 28.4%
Debt
€6,711 ▼ 97.5%
Debt's share of the balance-sheet total falls from 78.7% to 6.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36,663▲
2024 · €27,814
Cash flow
€34,514▲
2024 · €27,008
Current ratio
10.87▲
2024 · 1.12
Debt to equity
0.07▼
2024 · 3.69
ROE
23.9%▲
2024 · 20.3%
ROA
22.3%▲
2024 · 4.3%
Interest coverage
473.99▲
2024 · 404.92
Debt ≤ 1 year
€6,711▼
2024 · €273,094
Income taxes
€9,685▲
2024 · €6,677
Staff costs
€182▼
2024 · €802
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10,567 | - | - | - |
| Remuneration, social security and pensions62 | €690 | - | €306 | €802 | €182 | ▼ 77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,325 | €375 | €6,604 | €11,978 | €11,875 | ▼ 0.9% |
| Other operating charges640/8 | €756 | €998 | €826 | €891 | €680 | ▼ 23.7% |
| Gross operating margin9900 | €11,142 | €21,480 | €41,564 | €29,507 | €37,525 | ▲ 27.2% |
| Operating profit (loss)9901 | €2,372 | €20,107 | €33,828 | €15,836 | €24,789 | ▲ 56.5% |
| Financial income75/76B | - | - | €211 | €5,940 | €7,612 | ▲ 28.2% |
| Recurring financial income75 | - | - | €211 | €5,940 | €7,612 | ▲ 28.2% |
| Financial charges65/66B | €44 | €48 | €55 | €69 | €77 | ▲ 12.6% |
| Recurring financial charges65 | €44 | €48 | €55 | €69 | €77 | ▲ 12.6% |
| Profit (loss) for the period before taxes9903 | €2,328 | €20,059 | €33,983 | €21,707 | €32,323 | ▲ 48.9% |
| Income taxes67/77 | €376 | €4,830 | €8,779 | €6,677 | €9,685 | ▲ 45.0% |
| Profit (loss) for the period9904 | €1,953 | €15,229 | €25,204 | €15,030 | €22,639 | ▲ 50.6% |
| Profit (loss) for the period to be appropriated9905 | €1,953 | €15,229 | €25,204 | €15,030 | €22,639 | ▲ 50.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €355,547 | €310,249 | €334,334 | €347,009 | €101,599 | ▼ 70.7% |
| Fixed assets21/28 | €146 | €681 | €51,576 | €40,498 | €28,623 | ▼ 29.3% |
| Tangible fixed assets22/27 | €146 | €681 | €51,576 | €40,498 | €28,623 | ▼ 29.3% |
| Plant, machinery and equipment23 | €146 | €681 | €378 | €799 | €425 | ▼ 46.9% |
| Furniture and vehicles24 | - | - | €51,199 | €39,699 | €28,199 | ▼ 29.0% |
| Current assets29/58 | €355,400 | €309,569 | €282,758 | €306,511 | €72,976 | ▼ 76.2% |
| Amounts receivable within one year40/41 | €882 | €1,592 | €173 | €5,436 | €3,519 | ▼ 35.3% |
| Trade receivables40 | €8 | €1,410 | €173 | €4,272 | €3,519 | ▼ 17.6% |
| Other amounts receivable41 | €874 | €182 | - | €1,164 | - | - |
| Current investments50/53 | - | - | €250,000 | €250,000 | - | - |
| Cash at bank and in hand54/58 | €353,562 | €307,304 | €30,443 | €48,515 | €66,563 | ▲ 37.2% |
| Deferred charges and accrued income490/1 | €956 | €673 | €2,142 | €2,560 | €2,894 | ▲ 13.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €355,547 | €310,249 | €334,334 | €347,009 | €101,599 | ▼ 70.7% |
| Equity10/15 | €293,286 | €306,914 | €330,518 | €73,915 | €94,888 | ▲ 28.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €274,694 | €288,322 | €311,926 | €55,323 | €76,296 | ▲ 37.9% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | €272,834 | €286,463 | €310,067 | €55,323 | €76,296 | ▲ 37.9% |
| Amounts payable17/49 | €62,261 | €3,335 | €3,816 | €273,094 | €6,711 | ▼ 97.5% |
| Amounts payable within one year42/48 | €62,261 | €3,335 | €3,816 | €273,094 | €6,711 | ▼ 97.5% |
| Trade debts44 | €261 | €405 | €500 | €1,461 | €644 | ▼ 55.9% |
| Suppliers440/4 | €261 | €405 | €500 | €1,461 | €644 | ▼ 55.9% |
| Taxes, remuneration and social security45 | €18,600 | €1,810 | €2,196 | €13,990 | €4,901 | ▼ 65.0% |
| Taxes450/3 | €18,600 | €1,810 | €2,196 | €13,990 | €4,901 | ▼ 65.0% |
| Other amounts payable47/48 | €43,400 | €1,120 | €1,120 | €257,643 | €1,166 | ▼ 99.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,953 | €15,229 | €25,204 | €15,030 | €22,639 | ▲ 50.6% |
| + Depreciation and write-downs630 | €7,325 | €375 | €6,604 | €11,978 | €11,875 | ▼ 0.9% |
| Operating cash flow (approximation) | €9,277 | €15,603 | €31,809 | €27,008 | €34,514 | ▲ 27.8% |
| Investment in fixed assets (approximation) | - | -€909 | -€57,500 | -€900 | €0 | ▲ 100% |
| Change in cash | - | -€46,259 | -€276,861 | €18,072 | €18,048 | ▼ 0.1% |
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
Next filing, fiscal year 2026, expected by
2026
06-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 10current ratio 10.87
Current ratio from 1.12 to 10.87; short-term debt falls from €273,094 to €6,711.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 16current ratio 92.82
Current ratio from 5.71 to 92.82; short-term debt falls from €62,261 to €3,335.
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
2021
31-12
Financial
Back to profitnet €1,953
Net result €1,953 after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Weakest financial yearnet -€16,963
Net result drops to -€16,963, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 11.39
Current ratio from 3.49 to 11.39; short-term debt falls from €143,535 to €33,302.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
Show earlier events
2019
31-12
Financial
Highest result since 2018net €530,201 ▲1,474%
Operating result €781,850, net result €530,201, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.49
Current ratio from 1.28 to 3.49.
31-12
Financial
Equity above €200,000Eq €371,896 ▲976%
2 profitable years in a row build equity to €371,896.
10-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 10 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Westerlo · 1 establishment unit since 1996
Ground area
2,308 m²
Building footprint
330 m²
Volume, LiDAR
563 m³
Parcel 13049C0333/00V000, Flanders · tallest building 7.7 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ASSUWE
since 19962.078.474.527
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049C0333/00V000 | Flanders | 2,308 m² | 1 · 330 m² | 7.7 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 265 EUR awarded · 265 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 189 EUR | 189 EUR |
| 2023 | 1 | 76 EUR | 76 EUR |
Identification & contact
Identification
Legal formPrivate limited company
Founded20-05-1996
Fiscal year end31-12
Contact
E-mail
info@assuwe.beWesterlo
Phone
014/544306Westerlo
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458031624
Also
9925:BE0458031624
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.