ASV RAD
ActiveThe computed 12-month bankruptcy probability of ASV RAD is 2.5% (moderate). The 2024 annual accounts show equity of €338k and a net result of €334k. Equity is growing by ~43.8% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency81▼-19
Growth78=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 8.91 in 2023; short-term debt: 43.9% and cash: 52.4% of total assets), and 44.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
55.7%
Return on assets
55%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
11 d late
2022
19 d early
2021
16 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€338k▼ 25.1%
2023 · €451k
2021: €49k
2022: €179k
2023: €451k
2021 → 2024
Total assets
€607k▲ 19.0%
2023 · €510k
2021: €64k
2022: €222k
2023: €510k
2021 → 2024
Net result
€334k▲ 21.6%
2023 · €274k
2021: €44k
2022: €132k
2023: €274k
2021 → 2024
Working capital
€334k▼ 25.0%
2023 · €446k
2021: €50k
2022: €175k
2023: €446k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€49k-€179k▲ 268%€451k▲ 153%€338k▼ 25.1%
Operating result€55k-€171k▲ 209%€362k▲ 112%€452k▲ 24.6%
Net result€44k-€132k▲ 198%€274k▲ 109%€334k▲ 21.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 25% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €607k
Fixed assets
€6k▼ 21.8%
Current assets
€601k▲ 19.6%
Equity and liabilities €607k
Equity
€338k▼ 25.1%
Debt
€269k▲ 360%
The debt ratio rises from 11.5% to 44.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€454k▲
2023 · €364k
Cash flow
€336k▲
2023 · €276k
Solvency
55.7%▼
2023 · 88.5%
Current ratio
2.25▼
2023 · 8.91
Quick ratio
2.25▼
2023 · 8.91
Debt / equity
0.79▲
2023 · 0.13
ROE
98.7%▲
2023 · 60.8%
ROA
55.0%▲
2023 · 53.8%
Interest coverage
39.62▼
2023 · 2502.36
Debt
€269k▲
2023 · €58k
Debt ≤ 1 year
€267k▲
2023 · €56k
Income taxes
€106k▲
2023 · €88k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€510k€607k▲
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€7k€6k▼
Plant, machinery and equipment23€7k€6k▼
Financial fixed assets28-€76
Current assets29/58€502k€601k▲
Amounts receivable within one year40/41-€19k
Other amounts receivable41-€19k
Cash at bank and in hand54/58€285k€318k▲
Deferred charges and accrued income490/1€217k€264k▲
Equity and liabilities
Total equity and liabilities10/49€510k€607k▲
Equity10/15€451k€338k▼
Contributions10/11€6k€6k=
Reserves13€445k€332k▼
Distributable reserves133€445k€332k▼
Amounts payable17/49€58k€269k▲
Amounts payable within one year42/48€56k€267k▲
Trade debts44-€52k
Suppliers440/4-€52k
Taxes, remuneration and social security45€52k€3k▼
Taxes450/3€52k€3k▼
Other amounts payable47/48€4k€212k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€846€1k▲
Gross operating margin9900€365k€455k▲
Operating profit (loss)9901€362k€452k▲
Financial charges65/66B€146€11k▲
Recurring financial charges65€146€11k▲
Profit (loss) for the period before taxes9903€362k€440k▲
Income taxes67/77€88k€106k▲
Profit (loss) for the period9904€274k€334k▲
Profit (loss) for the period to be appropriated9905€274k€334k▲
Appropriation of the result
Profit (loss) to be appropriated9906€274k€334k▲
Transfer from equity791/2-€445k
Transfer to equity691/2€273k€332k▲
To other reserves6921€273k€332k▲
Profit to be distributed694/7€2k€447k▲
Return on contributions (dividend)694€2k€447k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €334k ▲21.6%
Operating result €452k, net result €334k, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 11 days late
2023
31-12
Financial
Equity above €200kEq €451k ▲153%
3 profitable years in a row build equity to €451k.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €179k ▲268%
2 profitable years in a row build equity to €179k.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Diepenbeek · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Visserijstraat 763590 DiepenbeekGround area
4,129 m²
Building footprint
321 m²
Volume, LiDAR
2,166 m³
2 parcels, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ASV RAD
since 20212.320.953.048
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71402C0010/00Z064 | Flanders | 3,502 m² | 1 · 156 m² | 11.4 m · 2 fl. |
| 71402D0095/00N002 | Flanders | 627 m² | 1 · 165 m² | 12.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-08-2021
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.