ASV Design
ActiveSummary
The computed 12-month bankruptcy probability of ASV Design is 3.2% (moderate). The 2025 annual accounts show negative equity (-€34,364) and a net result of -€21,778. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 7% of 28254 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability48▼-22
Solvency10▼-7
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.39 against 0.47 in 2024; short-term debt: 109.2% and cash: 9.4% of total assets), and equity is negative.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-14.8%
Return on assets
-9.4%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€34,364
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 31-01-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
24 d late
2023
14 d late
2022
6 d late
2021
217 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 52 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 14 February (4 of the last 5 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
-€34,364▼ 173%
2024 · -€12,586
Total assets
€232,295▲ 48.1%
2024 · €156,899
Net result
-€21,778
2024 · €1,978
Working capital
-€155,551▼ 93.8%
2024 · -€80,269
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Operating result-€29,932-€6,476€5,416▼ 16.4%€3,000▼ 44.6%-€20,532
Net result-€29,982below the sector's middle half-€6,284within the sector's middle half€4,134within the sector's middle half▼ 34.2%€1,978within the sector's middle half▼ 52.1%-€21,778below the sector's middle half
Equity-€24,982below the sector's middle half--€18,698below the sector's middle half▲ 25.2%-€14,564below the sector's middle half▲ 22.1%-€12,586below the sector's middle half▲ 13.6%-€34,364below the sector's middle half▼ 173%
Total assets€130,178within the sector's middle half-€149,112within the sector's middle half▲ 14.5%€153,820within the sector's middle half▲ 3.2%€156,899within the sector's middle half▲ 2.0%€232,295within the sector's middle half▲ 48.1%
Debt€155,160-€167,810▲ 8.2%€168,384▲ 0.3%€169,484▲ 0.7%€266,659▲ 57.3%
Working capital-€121,845below the sector's middle half--€115,296below the sector's middle half▲ 5.4%-€100,255below the sector's middle half▲ 13.0%-€80,269below the sector's middle half▲ 19.9%-€155,551below the sector's middle half▼ 93.8%
Solvency-19.2%below the sector's middle half--12.5%below the sector's middle half▲ 6.7pp-9.5%below the sector's middle half▲ 3.1pp-8.0%below the sector's middle half▲ 1.4pp-14.8%below the sector's middle half▼ 6.8pp
Current ratio0.21below the sector's middle half-0.31below the sector's middle half▲ 0.100.31below the sector's middle half▼ 0.010.47below the sector's middle half▲ 0.160.39below the sector's middle half▼ 0.08
Return on assets (ROA)-23.0%below the sector's middle half-4.2%within the sector's middle half▲ 27.2pp2.7%within the sector's middle half▼ 1.5pp1.3%within the sector's middle half▼ 1.4pp-9.4%below the sector's middle half▼ 10.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 turns negative in 2025: a loss of €20,532 after €3,000 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €232,295
Fixed assets
€134,112 ▲ 55.4%
Current assets
€98,184 ▲ 39.1%
Key figures and ratios
EBITDA
€4,873▼
2024 · €26,520
Cash flow
€3,627▼
2024 · €25,499
Debt to equity
-7.76▲
2024 · -13.47
Interest coverage
4.97▼
2024 · 34.18
Debt ≤ 1 year
€253,735▲
2024 · €150,877
Debt > 1 year
€12,924▼
2024 · €18,607
Income taxes
€266▲
2024 · €245
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
4.6%
went bankrupt
5.5%
stopped otherwise
88%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.2% 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 1,570 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 | - | €365 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,342 | €18,778 | €25,290 | €23,520 | €25,404 | ▲ 8.0% |
| Other operating charges640/8 | €656 | €800 | €906 | €714 | €989 | ▲ 38.5% |
| Gross operating margin9900 | -€9,934 | €26,054 | €31,612 | €27,234 | €5,861 | ▼ 78.5% |
| Operating profit (loss)9901 | -€29,932 | €6,476 | €5,416 | €3,000 | -€20,532 | ▼ 784% |
| Financial income75/76B | - | - | €4 | €0 | €0 | ▲ 20.0% |
| Recurring financial income75 | - | - | €4 | €0 | €0 | ▲ 20.0% |
| Financial charges65/66B | €50 | €122 | €1,049 | €776 | €981 | ▲ 26.4% |
| Recurring financial charges65 | €50 | €122 | €1,049 | €776 | €981 | ▲ 26.4% |
| Profit (loss) for the period before taxes9903 | -€29,982 | €6,354 | €4,372 | €2,224 | -€21,512 | ▼ 1,067% |
| Income taxes67/77 | - | €70 | €238 | €245 | €266 | ▲ 8.2% |
| Profit (loss) for the period9904 | -€29,982 | €6,284 | €4,134 | €1,978 | -€21,778 | ▼ 1,201% |
| Profit (loss) for the period to be appropriated9905 | -€29,982 | €6,284 | €4,134 | €1,978 | -€21,778 | ▼ 1,201% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €130,178 | €149,112 | €153,820 | €156,899 | €232,295 | ▲ 48.1% |
| Fixed assets21/28 | €96,863 | €96,598 | €109,811 | €86,291 | €134,112 | ▲ 55.4% |
| Tangible fixed assets22/27 | €96,863 | €96,598 | €109,811 | €86,291 | €134,112 | ▲ 55.4% |
| Plant, machinery and equipment23 | - | - | €930 | €546 | €162 | ▼ 70.3% |
| Furniture and vehicles24 | €13,193 | €22,264 | €43,882 | €30,081 | €87,622 | ▲ 191% |
| Other tangible fixed assets26 | €83,670 | €74,335 | €64,999 | €55,663 | €46,328 | ▼ 16.8% |
| Current assets29/58 | €33,315 | €52,514 | €44,009 | €70,608 | €98,184 | ▲ 39.1% |
| Amounts receivable within one year40/41 | €17,373 | €36,423 | - | €21,262 | €74,581 | ▲ 251% |
| Trade receivables40 | €17,373 | €36,419 | - | €20,887 | €72,672 | ▲ 248% |
| Other amounts receivable41 | - | €4 | - | €374 | €1,909 | ▲ 410% |
| Cash at bank and in hand54/58 | €15,941 | €16,091 | €42,257 | €46,977 | €21,742 | ▼ 53.7% |
| Deferred charges and accrued income490/1 | - | - | €1,752 | €2,370 | €1,861 | ▼ 21.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €130,178 | €149,112 | €153,820 | €156,899 | €232,295 | ▲ 48.1% |
| Equity10/15 | -€24,982 | -€18,698 | -€14,564 | -€12,586 | -€34,364 | ▼ 173% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€29,982 | -€23,698 | -€19,564 | -€17,586 | -€39,364 | ▼ 124% |
| Amounts payable17/49 | €155,160 | €167,810 | €168,384 | €169,484 | €266,659 | ▲ 57.3% |
| Amounts payable after more than one year17 | - | - | €24,120 | €18,607 | €12,924 | ▼ 30.5% |
| Financial debts170/4 | - | - | €24,120 | €18,607 | €12,924 | ▼ 30.5% |
| Amounts payable within one year42/48 | €155,160 | €167,810 | €144,265 | €150,877 | €253,735 | ▲ 68.2% |
| Current portion of amounts payable after more than one year42 | - | - | €5,347 | €5,347 | €5,683 | ▲ 6.3% |
| Trade debts44 | €3,038 | €126 | €63 | €2,630 | €10,180 | ▲ 287% |
| Suppliers440/4 | €3,038 | €126 | €63 | €2,630 | €10,180 | ▲ 287% |
| Taxes, remuneration and social security45 | €4,201 | €1,735 | €6,957 | €4,260 | €5,142 | ▲ 20.7% |
| Taxes450/3 | €4,201 | €1,735 | €2,957 | €260 | €52 | ▼ 79.9% |
| Remuneration and social security454/9 | - | - | €4,000 | €4,000 | €5,090 | ▲ 27.3% |
| Other amounts payable47/48 | €147,921 | €165,949 | €131,898 | €138,639 | €232,729 | ▲ 67.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,982 | €6,284 | €4,134 | €1,978 | -€21,778 | ▼ 1,201% |
| + Depreciation and write-downs630 | €19,342 | €18,778 | €25,290 | €23,520 | €25,404 | ▲ 8.0% |
| Operating cash flow (approximation) | -€10,640 | €25,063 | €29,424 | €25,499 | €3,627 | ▼ 85.8% |
| Investment in fixed assets (approximation) | - | -€18,514 | -€38,503 | €0 | -€73,225 | - |
| Change in cash | - | €150 | €26,166 | €4,720 | -€25,235 | ▼ 635% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
14-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
06-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 6 days late
2022
05-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 217 days late
30-06
Financial
Back to profitnet €6,284
Net result €6,284 after one loss-making year.
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, Sint-Genesius-Rode · 1 establishment unit since 2020
Ground area
2,474 m²
Building footprint
233 m²
Volume, LiDAR
1,234 m³
Parcel 22552F0002/00V090, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
de Castonierlaan 35, 1640 Sint-Genesius-Rode
since 20202.300.149.815
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552F0002/00V090 | Flanders | 2,474 m² | 1 · 233 m² | 8.5 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.
Similar companies · same sector and region
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-02-2020
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743741065
Registered
23-12-2025
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.