ASV Technics
ActiveSummary
The computed 12-month bankruptcy probability of ASV Technics is 2.0% (moderate). The 2025 annual accounts show equity of €119,386 and a net result of €82,676. Equity is growing by ~24.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 28254 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
Profitability93▲+9
Solvency53▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.12 in 2024; short-term debt: 22.2% and cash: 8.7% of total assets), but 72.5% 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
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 →
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
27.5%
Return on assets
19.1%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
30 d early
2023
44 d early
2022
43 d early
2021
39 d early
← 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 32 days before 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 22 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, micro schema
Equity
€119,386▲ 30.2%
2024 · €91,711
Total assets
€433,725▲ 8.4%
2024 · €400,224
Net result
€82,676▲ 72.5%
2024 · €47,921
Working capital
€51,600▲ 395%
2024 · €10,429
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€34,956-€47,025▲ 34.5%€43,465▼ 7.6%€64,453▲ 48.3%€120,236▲ 86.5%
Net result€25,285within the sector's middle half-€33,869above the sector's middle half▲ 33.9%€30,057above the sector's middle half▼ 11.3%€47,921above the sector's middle half▲ 59.4%€82,676above the sector's middle half▲ 72.5%
Equity€27,785within the sector's middle half-€61,654within the sector's middle half▲ 122%€91,711within the sector's middle half▲ 48.8%€91,711within the sector's middle half=€119,386within the sector's middle half▲ 30.2%
Total assets€70,084within the sector's middle half-€118,815within the sector's middle half▲ 69.5%€129,798within the sector's middle half▲ 9.2%€400,224above the sector's middle half▲ 208%€433,725above the sector's middle half▲ 8.4%
Debt€42,299-€57,161▲ 35.1%€38,087▼ 33.4%€308,513▲ 710%€314,339▲ 1.9%
Working capital-€844below the sector's middle half-€2,387below the sector's middle half€42,748within the sector's middle half▲ 1,691%€10,429within the sector's middle half▼ 75.6%€51,600within the sector's middle half▲ 395%
Solvency39.6%within the sector's middle half-51.9%within the sector's middle half▲ 12.2pp70.7%above the sector's middle half▲ 18.8pp22.9%below the sector's middle half▼ 47.7pp27.5%within the sector's middle half▲ 4.6pp
Current ratio0.98below the sector's middle half-1.07below the sector's middle half▲ 0.092.79within the sector's middle half▲ 1.721.12within the sector's middle half▼ 1.671.54within the sector's middle half▲ 0.42
Return on assets (ROA)36.1%above the sector's middle half-28.5%above the sector's middle half▼ 7.6pp23.2%above the sector's middle half▼ 5.3pp12.0%within the sector's middle half▼ 11.2pp19.1%above the sector's middle half▲ 7.1pp
Staff (FTE)0.31.7▲ 467%
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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 87% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €433,725
Fixed assets
€285,980 ▼ 4.8%
Current assets
€147,746 ▲ 47.9%
Equity and liabilities €433,725
Equity
€119,386 ▲ 30.2%
Debt
€314,339 ▲ 1.9%
Debt's share of the balance-sheet total falls from 77.1% to 72.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€145,449▲
2024 · €77,478
Cash flow
€107,888▲
2024 · €60,946
Quick ratio
1.24▲
2024 · 0.91
Debt to equity
2.63▼
2024 · 3.36
ROE
69.3%▲
2024 · 52.3%
Interest coverage
10.58▲
2024 · 8.27
Debt ≤ 1 year
€96,146▲
2024 · €89,484
Debt > 1 year
€218,193▼
2024 · €219,029
Income taxes
€23,920▲
2024 · €7,164
Staff costs
€107,510▲
2024 · €17,540
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 6,706 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €17,540 | €107,510 | ▲ 513% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,491 | €9,747 | €18,871 | €13,025 | €25,212 | ▲ 93.6% |
| Other operating charges640/8 | €372 | €553 | €1,337 | €13,495 | €2,395 | ▼ 82.2% |
| Gross operating margin9900 | €38,819 | €57,325 | €63,674 | €108,513 | €255,354 | ▲ 135% |
| Operating profit (loss)9901 | €34,956 | €47,025 | €43,465 | €64,453 | €120,236 | ▲ 86.5% |
| Financial income75/76B | - | - | - | - | €106 | - |
| Recurring financial income75 | - | - | - | - | €106 | - |
| Financial charges65/66B | €51 | €242 | €909 | €9,368 | €13,746 | ▲ 46.7% |
| Recurring financial charges65 | €51 | €242 | €909 | €9,368 | €13,746 | ▲ 46.7% |
| Profit (loss) for the period before taxes9903 | €34,906 | €46,783 | €42,556 | €55,084 | €106,596 | ▲ 93.5% |
| Income taxes67/77 | €9,621 | €12,914 | €12,499 | €7,164 | €23,920 | ▲ 234% |
| Profit (loss) for the period9904 | €25,285 | €33,869 | €30,057 | €47,921 | €82,676 | ▲ 72.5% |
| Profit (loss) for the period to be appropriated9905 | €25,285 | €33,869 | €30,057 | €47,921 | €82,676 | ▲ 72.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,084 | €118,815 | €129,798 | €400,224 | €433,725 | ▲ 8.4% |
| Fixed assets21/28 | €28,629 | €80,969 | €63,167 | €300,311 | €285,980 | ▼ 4.8% |
| Tangible fixed assets22/27 | €28,629 | €80,969 | €63,167 | €300,311 | €285,980 | ▼ 4.8% |
| Land and buildings22 | - | - | - | €284,367 | €269,946 | ▼ 5.1% |
| Plant, machinery and equipment23 | €1,157 | €767 | €1,382 | €649 | €3,095 | ▲ 377% |
| Furniture and vehicles24 | €27,472 | €80,202 | €61,785 | €15,295 | €12,938 | ▼ 15.4% |
| Current assets29/58 | €41,455 | €37,846 | €66,630 | €99,913 | €147,746 | ▲ 47.9% |
| Stocks and contracts in progress3 | €7,012 | €9,634 | €5,884 | €18,748 | €28,500 | ▲ 52.0% |
| Stocks30/36 | €7,012 | €9,634 | €5,884 | €18,748 | €12,000 | ▼ 36.0% |
| Contracts in progress37 | - | - | - | - | €16,500 | - |
| Amounts receivable within one year40/41 | €11,376 | €12,896 | €32,623 | €52,585 | €66,860 | ▲ 27.1% |
| Trade receivables40 | €8,974 | €3,481 | €28,299 | €45,025 | €49,855 | ▲ 10.7% |
| Other amounts receivable41 | €2,402 | €9,415 | €4,324 | €7,560 | €17,004 | ▲ 125% |
| Cash at bank and in hand54/58 | €22,439 | €14,429 | €27,368 | €26,690 | €37,581 | ▲ 40.8% |
| Deferred charges and accrued income490/1 | €628 | €887 | €755 | €1,889 | €14,805 | ▲ 684% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,084 | €118,815 | €129,798 | €400,224 | €433,725 | ▲ 8.4% |
| Equity10/15 | €27,785 | €61,654 | €91,711 | €91,711 | €119,386 | ▲ 30.2% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €25,285 | €59,154 | €89,211 | €89,211 | €116,886 | ▲ 31.0% |
| Distributable reserves133 | €25,285 | €59,154 | €89,211 | €89,211 | €116,886 | ▲ 31.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €42,299 | €57,161 | €38,087 | €308,513 | €314,339 | ▲ 1.9% |
| Amounts payable after more than one year17 | - | €21,549 | €14,204 | €219,029 | €218,193 | ▼ 0.4% |
| Financial debts170/4 | - | €21,549 | €14,204 | €219,029 | €218,193 | ▼ 0.4% |
| Amounts payable within one year42/48 | €42,299 | €35,459 | €23,883 | €89,484 | €96,146 | ▲ 7.4% |
| Current portion of amounts payable after more than one year42 | - | €7,197 | €7,420 | €19,445 | €22,994 | ▲ 18.3% |
| Trade debts44 | €3,338 | €1,599 | - | €17,162 | €8,854 | ▼ 48.4% |
| Suppliers440/4 | €3,338 | €1,599 | - | €17,162 | €8,854 | ▼ 48.4% |
| Taxes, remuneration and social security45 | €9,621 | €8,314 | €5,405 | €7,352 | €11,760 | ▲ 60.0% |
| Taxes450/3 | €9,621 | €6,195 | €5,405 | €7,352 | €11,760 | ▲ 60.0% |
| Remuneration and social security454/9 | - | €2,119 | - | - | - | - |
| Other amounts payable47/48 | €29,341 | €18,349 | €11,057 | €45,525 | €52,538 | ▲ 15.4% |
| Accrued charges and deferred income492/3 | - | €153 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,285 | €33,869 | €30,057 | €47,921 | €82,676 | ▲ 72.5% |
| + Depreciation and write-downs630 | €3,491 | €9,747 | €18,871 | €13,025 | €25,212 | ▲ 93.6% |
| Operating cash flow (approximation) | €28,776 | €43,616 | €48,928 | €60,946 | €107,888 | ▲ 77.0% |
| Investment in fixed assets (approximation) | - | -€62,087 | -€1,070 | -€250,169 | -€10,881 | ▲ 95.7% |
| Change in cash | - | -€8,010 | €12,939 | -€678 | €10,891 | ▲ 1,707% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €82,676 ▲72.5%
Operating result €120,236, net result €82,676, both a record.
31-12
Financial
Equity above €100,000Eq €119,386 ▲30.2%
5 profitable years in a row build equity to €119,386.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 2.79
Current ratio from 1.07 to 2.79; short-term debt falls from €35,459 to €23,883.
18-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
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.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Ravels · 1 establishment unit since 2021
Ground area
4,932 m²
Building footprint
2,405 m²
Volume, LiDAR
606 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ASV Technics
since 20212.319.771.331
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13035A0004/00M085 | Flanders | 4,751 m² | 1 · 2,321 m² | - |
| 13482F0314/00H002 | Flanders | 181 m² | 1 · 83 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2022 · 1 entry · 250 EUR awarded · 250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 250 EUR | 250 EUR |
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 4,937 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
Founded05-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770721121
Also
9925:BE0770721121
Registered
26-05-2025
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.