ASV
ActiveSummary
The computed 12-month bankruptcy probability of ASV is 1.8% (moderate). The 2025 annual accounts show equity of €59,494 and a net result of €5,734. Equity is growing by ~35.7% per year across the filed fiscal years. Its solvency ranks better than 39% of 18606 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-22
Solvency46▲+5
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity short (current ratio 0.88 against 1.03 in 2024; short-term debt: 28.2% and cash: 22.4% of total assets), and 78.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
47 d early
2024
46 d early
2023
47 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 47 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 15 December (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€59,494▲ 7.3%
2024 · €55,426
Total assets
€278,253▼ 20.3%
2024 · €349,048
Net result
€5,734▼ 84.6%
2024 · €37,180
Working capital
-€9,675
2024 · €4,422
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€25,370-€51,996▲ 105%€14,565▼ 72.0%
Net result€18,512within the sector's middle half-€37,180above the sector's middle half▲ 101%€5,734within the sector's middle half▼ 84.6%
Equity€19,912within the sector's middle half-€55,426within the sector's middle half▲ 178%€59,494within the sector's middle half▲ 7.3%
Total assets€145,493within the sector's middle half-€349,048above the sector's middle half▲ 140%€278,253within the sector's middle half▼ 20.3%
Debt€125,581-€293,622▲ 134%€218,759▼ 25.5%
Working capital-€8,261within the sector's middle half-€4,422within the sector's middle half-€9,675within the sector's middle half
Solvency13.7%within the sector's middle half-15.9%within the sector's middle half▲ 2.2pp21.4%within the sector's middle half▲ 5.5pp
Current ratio0.92within the sector's middle half-1.03within the sector's middle half▲ 0.110.88within the sector's middle half▼ 0.16
Return on assets (ROA)12.7%above the sector's middle half-10.7%within the sector's middle half▼ 2.1pp2.1%within the sector's middle half▼ 8.6pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €278,253
Fixed assets
€209,428 ▼ 2.5%
Current assets
€68,825 ▼ 48.8%
Equity and liabilities €278,253
Equity
€59,494 ▲ 7.3%
Debt
€218,759 ▼ 25.5%
Debt's share of the balance-sheet total falls from 84.1% to 78.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32,971▼
2024 · €98,668
Cash flow
€24,140▼
2024 · €83,852
Debt to equity
3.68▼
2024 · 5.30
ROE
9.6%▼
2024 · 67.1%
Interest coverage
4.70▼
2024 · 20.01
Debt ≤ 1 year
€78,500▼
2024 · €129,871
Debt > 1 year
€140,259▼
2024 · €163,750
Income taxes
€1,846▼
2024 · €9,929
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,541 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
3.3%
went bankrupt
1.1%
stopped otherwise
95%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 2,541 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,784 | €46,672 | €18,406 | ▼ 60.6% |
| Other operating charges640/8 | €5,681 | €3,905 | €3,407 | ▼ 12.8% |
| Gross operating margin9900 | €53,835 | €102,573 | €36,378 | ▼ 64.5% |
| Operating profit (loss)9901 | €25,370 | €51,996 | €14,565 | ▼ 72.0% |
| Financial income75/76B | €0 | €44 | €35 | ▼ 21.0% |
| Recurring financial income75 | €0 | €44 | €35 | ▼ 21.0% |
| Financial charges65/66B | €1,337 | €4,931 | €7,020 | ▲ 42.4% |
| Recurring financial charges65 | €1,337 | €4,931 | €7,020 | ▲ 42.4% |
| Profit (loss) for the period before taxes9903 | €24,033 | €47,110 | €7,580 | ▼ 83.9% |
| Income taxes67/77 | €5,521 | €9,929 | €1,846 | ▼ 81.4% |
| Profit (loss) for the period9904 | €18,512 | €37,180 | €5,734 | ▼ 84.6% |
| Profit (loss) for the period to be appropriated9905 | €18,512 | €37,180 | €5,734 | ▼ 84.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €145,493 | €349,048 | €278,253 | ▼ 20.3% |
| Fixed assets21/28 | €48,379 | €214,755 | €209,428 | ▼ 2.5% |
| Intangible fixed assets21 | €33,666 | €29,666 | €25,666 | ▼ 13.5% |
| Tangible fixed assets22/27 | €14,714 | €185,089 | €183,762 | ▼ 0.7% |
| Land and buildings22 | - | €174,610 | €165,595 | ▼ 5.2% |
| Plant, machinery and equipment23 | €3,069 | €7,055 | €5,101 | ▼ 27.7% |
| Furniture and vehicles24 | €11,645 | €3,424 | €13,066 | ▲ 282% |
| Current assets29/58 | €97,114 | €134,293 | €68,825 | ▼ 48.8% |
| Amounts receivable within one year40/41 | €3,523 | €4,123 | €5,674 | ▲ 37.6% |
| Trade receivables40 | €3,523 | €4,123 | €2,542 | ▼ 38.3% |
| Other amounts receivable41 | - | - | €3,132 | - |
| Cash at bank and in hand54/58 | €93,590 | €130,171 | €62,418 | ▼ 52.0% |
| Deferred charges and accrued income490/1 | - | - | €733 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €145,493 | €349,048 | €278,253 | ▼ 20.3% |
| Equity10/15 | €19,912 | €55,426 | €59,494 | ▲ 7.3% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €16,912 | €52,426 | €56,494 | ▲ 7.8% |
| Distributable reserves133 | €16,912 | €52,426 | €56,494 | ▲ 7.8% |
| Amounts payable17/49 | €125,581 | €293,622 | €218,759 | ▼ 25.5% |
| Amounts payable after more than one year17 | €20,206 | €163,750 | €140,259 | ▼ 14.3% |
| Financial debts170/4 | €20,206 | €163,750 | €140,259 | ▼ 14.3% |
| Amounts payable within one year42/48 | €105,375 | €129,871 | €78,500 | ▼ 39.6% |
| Current portion of amounts payable after more than one year42 | €12,478 | €28,065 | €23,491 | ▼ 16.3% |
| Trade debts44 | €52,299 | €50,943 | €13,562 | ▼ 73.4% |
| Suppliers440/4 | €52,299 | €50,943 | €13,562 | ▼ 73.4% |
| Taxes, remuneration and social security45 | €11,884 | €17,315 | €2,529 | ▼ 85.4% |
| Taxes450/3 | €11,884 | €17,315 | €2,529 | ▼ 85.4% |
| Other amounts payable47/48 | €28,713 | €33,548 | €38,917 | ▲ 16.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,512 | €37,180 | €5,734 | ▼ 84.6% |
| + Depreciation and write-downs630 | €22,784 | €46,672 | €18,406 | ▼ 60.6% |
| Operating cash flow (approximation) | €41,296 | €83,852 | €24,140 | ▼ 71.2% |
| Investment in fixed assets (approximation) | - | -€213,047 | -€13,079 | ▲ 93.9% |
| Change in cash | - | €36,580 | -€67,753 | ▼ 285% |
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
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €5,734 ▼84.6%
Net result drops to €5,734, the lowest in the series.
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2023net €37,180 ▲101%
Operating result €51,996, net result €37,180, both a record.
2023
15-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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, Ledegem · 1 establishment unit since 2021
Ground area
4,558 m²
Building footprint
179 m²
Volume, LiDAR
845 m³
Parcel 36016A0167/00E000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bloemen Vanackere
since 20212.324.668.247
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36016A0167/00E000 | Flanders | 4,558 m² | 1 · 178 m² | 7.8 m · 2 fl. |
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
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteLedegem2.324.668.247
Similar companies · same sector, comparable size
Tuincentrum Braeckman
BE 0753.425.130
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Bloemenprieeltje
BE 0784.704.561
Ravels · Eq €59,557
MS FLOWERS
BE 0777.644.644
Ukkel · Eq €59,576
CULTURE EVOLUTION
BE 0478.243.256
Mons · Eq €59,668
COGHENAFFAIR
BE 0776.986.925
Ukkel · Eq €60,048
Of 3,390 companies in sector 47761 we hold annual accounts for 1,156. 838 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-11-2021
Fiscal year end30-06
Activities, NACEBEL 2025
47761Retail sale of flowers, plants, seeds and fertilisers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777885164
Also
9925:BE0777885164
Registered
31-10-2023
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.