ASVD
ActiveSummary
ASVD has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €66k and a net result of €-22k. Equity is shrinking by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency93▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.71 against 2.68 in 2023; short-term debt: 31.6% and cash: 14.9% of total assets), and 31.6% of the assets are financed with debt.
Credit check 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 · 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 · 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
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 2024Solvency, return and age of the figures
Solvency
68.4%
Return on assets
-22.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-22k
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
29 d early
2022
27 d early
2021
34 d early
2020
17 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€66k▼ 25.0%
2023 · €89k
2018: €142k
2019: €153k▲ +8.1% vs 2018
2020: €157k▲ +2.4% vs 2019highest in 7 years
2021: €128k▼ -18.1% vs 2020
2022: €124k▼ -3.0% vs 2021
2023: €89k▼ -28.7% vs 2022
2024: €66k▼ -25.0% vs 2023lowest in 7 years
2018 → 2024
Total assets
€97k▼ 27.0%
2023 · €133k
2018: €196k
2019: €197k▲ +0.9% vs 2018
2020: €265k▲ +34.1% vs 2019highest in 7 years
2021: €206k▼ -22.2% vs 2020
2022: €187k▼ -9.3% vs 2021
2023: €133k▼ -28.7% vs 2022
2024: €97k▼ -27.0% vs 2023lowest in 7 years
2018 → 2024
Net result
€-22k▲ 37.8%
2023 · €-36k
2018: €2k
2019: €11k▲ +622% vs 2018highest in 7 years
2020: €4k▼ -68.4% vs 2019
2021: €-28k▼ -885% vs 2020
2022: €91▲ +100% vs 2021
2023: €-36k▼ -39158% vs 2022lowest in 7 years
2024: €-22k▲ +37.8% vs 2023
2018 → 2024
Working capital
€53k▼ 15.8%
2023 · €63k
2018: €83k
2019: €111k▲ +33.0% vs 2018highest in 7 years
2020: €99k▼ -10.7% vs 2019
2021: €89k▼ -10.0% vs 2020
2022: €95k▲ +6.2% vs 2021
2023: €63k▼ -33.9% vs 2022
2024: €53k▼ -15.8% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€157k-€128k▼ 18.1%€124k▼ 3.0%€89k▼ 28.7%€66k▼ 25.0%
2020: €157khighest in 5 years
2021: €128k▼ -18.1% vs 2020
2022: €124k▼ -3.0% vs 2021
2023: €89k▼ -28.7% vs 2022
2024: €66k▼ -25.0% vs 2023lowest in 5 years
Operating result€9k-€-28k€460€-34k€-21k▲ 38.6%
2020: €9khighest in 5 years
2021: €-28k▼ -405% vs 2020
2022: €460▲ +102% vs 2021
2023: €-34k▼ -7591% vs 2022lowest in 5 years
2024: €-21k▲ +38.6% vs 2023
Net result€4k-€-28k€91€-36k€-22k▲ 37.8%
2020: €4khighest in 5 years
2021: €-28k▼ -885% vs 2020
2022: €91▲ +100% vs 2021
2023: €-36k▼ -39158% vs 2022lowest in 5 years
2024: €-22k▲ +37.8% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2024 against €34k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €97k
Fixed assets
€14k ▼ 58.9%
Current assets
€83k ▼ 16.3%
Equity and liabilities €97k
Equity
€66k ▼ 25.0%
Debt
€31k ▼ 30.9%
Debt's share of the balance-sheet total falls from 33.4% to 31.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-389▲
2023 · €-13k
Cash flow
€-1k▲
2023 · €-14k
Current ratio
2.71▲
2023 · 2.68
Quick ratio
2.57▲
2023 · 2.45
Debt to equity
0.46▼
2023 · 0.50
ROE
-33.4%▲
2023 · -40.3%
ROA
-22.8%▲
2023 · -26.8%
Interest coverage
-0.18▲
2023 · -5.90
Debt ≤ 1 year
€31k▼
2023 · €37k
Debt > 1 year
€0▼
2023 · €7k
Income taxes
€140▲
2023 · €132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€133k€97k▼
Fixed assets21/28€33k€14k▼
Tangible fixed assets22/27€33k€14k▼
Plant, machinery and equipment23€435€892▲
Furniture and vehicles24€24k€6k▼
Other tangible fixed assets26€9k€7k▼
Current assets29/58€100k€83k▼
Amounts receivable after more than one year29€34k€30k▼
Other amounts receivable291€34k€30k▼
Stocks and contracts in progress3€8k€4k▼
Stocks30/36€8k€4k▼
Amounts receivable within one year40/41€43k€30k▼
Trade receivables40€37k€17k▼
Other amounts receivable41€6k€13k▲
Cash at bank and in hand54/58€9k€14k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€133k€97k▼
Equity10/15€89k€66k▼
Contributions10/11€75k€75k=
Reserves13€22k€22k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€22k€22k=
Profit (loss) carried forward14€-9k€-31k▼
Amounts payable17/49€45k€31k▼
Amounts payable after more than one year17€7k€0▼
Financial debts170/4€7k€0▼
Amounts payable within one year42/48€37k€31k▼
Current portion of amounts payable after more than one year42€15k€7k▼
Financial debts43€12k€5k▼
Credit institutions430/8€12k€5k▼
Trade debts44€6k€15k▲
Suppliers440/4€6k€15k▲
Taxes, remuneration and social security45€3k€3k=
Taxes450/3€132€659▲
Remuneration and social security454/9€3k€3k▼
Other amounts payable47/48€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€-10k€1k▲
Operating profit (loss)9901€-34k€-21k▲
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€2k€2k=
Recurring financial charges65€2k€2k=
Profit (loss) for the period before taxes9903€-36k€-22k▲
Income taxes67/77€132€140▲
Profit (loss) for the period9904€-36k€-22k▲
Profit (loss) for the period to be appropriated9905€-36k€-22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-31k▲
Profit (loss) brought forward from the previous period14P-€-9k
Transfer from equity791/2€27k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €859 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €26k | €23k | €21k | €21k | ▼ 3.3% |
| Other operating charges640/8 | - | €2k | €2k | €3k | €2k | ▼ 30.7% |
| Gross operating margin9900 | €88k | €1k | €26k | €-10k | €1k | ▲ 114% |
| Operating profit (loss)9901 | €9k | €-28k | €460 | €-34k | €-21k | ▲ 38.6% |
| Financial income75/76B | - | €2k | €2k | €1k | €1k | ▲ 17.2% |
| Recurring financial income75 | €1k | €2k | €2k | €1k | €1k | ▲ 17.2% |
| Financial charges65/66B | - | €3k | €2k | €2k | €2k | = |
| Recurring financial charges65 | €2k | €3k | €2k | €2k | €2k | = |
| Profit (loss) for the period before taxes9903 | €8k | €-28k | €211 | €-36k | €-22k | ▲ 37.9% |
| Income taxes67/77 | €4k | €117 | €120 | €132 | €140 | ▲ 6.1% |
| Profit (loss) for the period9904 | €4k | €-28k | €91 | €-36k | €-22k | ▲ 37.8% |
| Profit (loss) for the period to be appropriated9905 | €11k | €-28k | €91 | €-36k | €-22k | ▲ 37.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €265k | €206k | €187k | €133k | €97k | ▼ 27.0% |
| Fixed assets21/28 | €109k | €76k | €52k | €33k | €14k | ▼ 58.9% |
| Tangible fixed assets22/27 | €109k | €76k | €52k | €33k | €14k | ▼ 58.9% |
| Plant, machinery and equipment23 | - | €2k | €1k | €435 | €892 | ▲ 105% |
| Furniture and vehicles24 | - | €64k | €43k | €24k | €6k | ▼ 74.4% |
| Other tangible fixed assets26 | - | €9k | €8k | €9k | €7k | ▼ 22.7% |
| Current assets29/58 | €155k | €130k | €134k | €100k | €83k | ▼ 16.3% |
| Amounts receivable after more than one year29 | - | €42k | €38k | €34k | €30k | ▼ 11.9% |
| Other amounts receivable291 | - | €42k | €38k | €34k | €30k | ▼ 11.9% |
| Stocks and contracts in progress3 | €15k | €11k | €8k | €8k | €4k | ▼ 48.7% |
| Stocks30/36 | - | €11k | €8k | €8k | €4k | ▼ 48.7% |
| Amounts receivable within one year40/41 | €79k | €70k | €67k | €43k | €30k | ▼ 29.8% |
| Trade receivables40 | - | €64k | €55k | €37k | €17k | ▼ 53.7% |
| Other amounts receivable41 | - | €6k | €12k | €6k | €13k | ▲ 113% |
| Cash at bank and in hand54/58 | €9k | €3k | €17k | €9k | €14k | ▲ 60.5% |
| Deferred charges and accrued income490/1 | - | €5k | €5k | €5k | €4k | ▼ 14.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €265k | €206k | €187k | €133k | €97k | ▼ 27.0% |
| Equity10/15 | €157k | €128k | €124k | €89k | €66k | ▼ 25.0% |
| Contributions10/11 | - | €75k | €75k | €75k | €75k | = |
| Reserves13 | €82k | €53k | €49k | €22k | €22k | = |
| Non-distributable reserves130/1 | - | €8k | €8k | €0 | - | - |
| Reserves not available under the articles1311 | - | €8k | €8k | €0 | - | - |
| Distributable reserves133 | - | €46k | €42k | €22k | €22k | = |
| Profit (loss) carried forward14 | €-17k | - | €0 | €-9k | €-31k | ▼ 253% |
| Amounts payable17/49 | €108k | €78k | €62k | €45k | €31k | ▼ 30.9% |
| Amounts payable after more than one year17 | €52k | €37k | €23k | €7k | €0 | ▼ 100% |
| Financial debts170/4 | - | €37k | €23k | €7k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €56k | €41k | €40k | €37k | €31k | ▼ 17.3% |
| Current portion of amounts payable after more than one year42 | - | €16k | €15k | €15k | €7k | ▼ 52.4% |
| Financial debts43 | - | €3k | €8k | €12k | €5k | ▼ 61.4% |
| Credit institutions430/8 | - | €3k | €8k | €12k | €5k | ▼ 61.4% |
| Trade debts44 | €16k | €17k | €10k | €6k | €15k | ▲ 143% |
| Suppliers440/4 | - | €17k | €10k | €6k | €15k | ▲ 143% |
| Taxes, remuneration and social security45 | - | €3k | €2k | €3k | €3k | = |
| Taxes450/3 | - | €2k | €2k | €132 | €659 | ▲ 401% |
| Remuneration and social security454/9 | - | €834 | €95 | €3k | €3k | ▼ 16.5% |
| Other amounts payable47/48 | - | €1k | €4k | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €128 | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €-28k | €91 | €-36k | €-22k | ▲ 37.8% |
| + Depreciation and write-downs630 | €26k | €26k | €23k | €21k | €21k | ▼ 3.3% |
| Operating cash flow (approximation) | €30k | €-3k | €24k | €-14k | €-1k | ▲ 89.7% |
| Investment in fixed assets (approximation) | - | €8k | €0 | €-2k | €-1k | ▲ 57.1% |
| Change in cash | - | €-6k | €14k | €-8k | €5k | ▲ 171% |
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
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €91
Net result €91 after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €11k ▲622%
Operating result €19k, net result €11k, both a record.
31-12
Financial
Equity above €150kEq €153k ▲8.1%
2 profitable years in a row build equity to €153k.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Evergem · 1 establishment unit since 2001
Ground area
1,213 m²
Building footprint
195 m²
Volume, LiDAR
766 m³
Parcel 43006C0426/00H002, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ASVD
since 20012.100.282.206
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43006C0426/00H002 | Flanders | 1,213 m² | 1 · 195 m² | 6.7 m · 1 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.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,746 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
Founded05-03-2001
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.