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ASW Immo

Active
Private limited company (pre-2019)founded 197749 yrs activeLangendries 1, 2460 Kasterlee, BelgiumKBO/BCE: BE 0417.634.686
Summary

The computed 12-month bankruptcy probability of ASW Immo is 1.9% (moderate). The 2025 annual accounts show equity of €190,317 and a net result of -€69. Equity remains stable across the filed fiscal years (±1% per year). The company has been active since 1977 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 3 administrative register entries (see administrative flags).

Checked score

Score 2025
Axes · tick = 2024
Profitability69=
Solvency100=
Growth49=
Track record76
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 7.0 against 7.78 in 2024; short-term debt: 8.8% and cash: 9.2% of total assets), and 14.6% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 49 years 0 50 y
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
31 d late
2024
27 d late
2023
27 d late
2022
371 d late
2021
736 d late
2020
1101 d late
2019
1466 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 537 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
3 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Late accounts filingUBO non-complianceStrikeout withdrawn
Checked, nothing found (1)
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 31 August (4 of the last 5 filed years within 340 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline

History

ASW Immo was incorporated on 9 June 1977.1 Revenue went from EUR 9,800 in 2019 to EUR 9,600 in 2022.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2022

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Financials · fiscal year 2025, micro schema

Turnover
€9,600▲ 1.1%
2021 · €9,500
EBIT margin
41.5%▲ 3.6pp
2021 · 37.9%
Net result
-€69▲ 37.8%
2024 · -€111
Working capital
€117,297▲ 2.5%
2024 · €114,390
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€9,500▼ 3.1%€9,600▲ 1.1%
Operating result€3,603▲ 3.7%€3,988▲ 10.7%-€564-€142▲ 74.8%-€117▲ 17.6%
Net result€2,410▲ 6.4%€2,663▲ 10.5%-€368-€111▲ 69.8%-€69▲ 37.8%
EBIT margin37.9%▲ 2.5pp41.5%▲ 3.6pp
Equity€210,268▲ 1.2%€212,931▲ 1.3%€190,497▼ 10.5%€190,386▼ 0.1%€190,317=
Total assets€269,057▼ 0.1%€250,571▼ 6.9%€228,339▼ 8.9%€222,327▼ 2.6%€222,850▲ 0.2%
Debt€37,481▼ 1.5%€18,410▼ 50.9%€20,691▲ 12.4%€16,867▼ 18.5%€19,538▲ 15.8%
Working capital€125,341▲ 5.8%€130,981▲ 4.5%€111,523▼ 14.9%€114,390▲ 2.6%€117,297▲ 2.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€2,000€0€2,000€4,000Operating result 2021: €3,603€3,603Net result 2021: €2,410€2,410Operating result 2022: €3,988€3,988Net result 2022: €2,663€2,663Operating result 2023: -€564-€564Net result 2023: -€368-€368Operating result 2024: -€142-€142Net result 2024: -€111-€111Operating result 2025: -€117-€117Net result 2025: -€69-€6920212022202320242025-€600-€400-€200€0Operating result 2023: -€564-€564Net result 2023: -€368-€368Operating result 2024: -€142-€142Net result 2024: -€111-€111Operating result 2025: -€117-€117Net result 2025: -€69-€69202320242025
The operating result stays negative: a loss of €117 in 2025 against €142 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €222,850
Fixed assets €86,015 ▼ 5.6%
Current assets €136,835 ▲ 4.2%
Equity and liabilities €222,850
Equity €190,317 =
Provisions €12,995 ▼ 13.8%
Debt €19,538 ▲ 15.8%
Debt's share of the balance-sheet total rises from 7.6% to 8.8%. Debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€4,938▲
2024 · €4,913
Cash flow
€4,986▲
2024 · €4,944
Current ratio
7.00▼
2024 · 7.78
Debt to equity
0.10▲
2024 · 0.09
ROE
0.0%▲
2024 · -0.1%
ROA
0.0%▲
2024 · 0.0%
Interest coverage
109.73▲
2024 · 58.49
Debt ≤ 1 year
€19,538▲
2024 · €16,867
Income taxes
€1,985▲
2024 · €1,963
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 12,321 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€222,327€222,850▲
Fixed assets21/28€91,070€86,015▼
Tangible fixed assets22/27€87,597€82,542▼
Land and buildings22€87,597€82,542▼
Financial fixed assets28€3,473€3,473=
Current assets29/58€131,257€136,835▲
Amounts receivable within one year40/41€110,745€116,346▲
Trade receivables40€110,745€110,846▲
Other amounts receivable41-€5,500
Cash at bank and in hand54/58€20,512€20,489▼
Equity and liabilities
Total equity and liabilities10/49€222,327€222,850▲
Equity10/15€190,386€190,317=
Contributions10/11€18,592€18,592=
Reserves13€171,794€171,725=
Tax-exempt reserves132€29,310€25,276▼
Distributable reserves133€142,484€146,449▲
Provisions and deferred taxes16€15,074€12,995▼
Provisions for liabilities and charges160/5€15,074€12,995▼
Taxes161€15,074€12,995▼
Amounts payable17/49€16,867€19,538▲
Amounts payable within one year42/48€16,867€19,538▲
Taxes, remuneration and social security45€3,798€5,783▲
Taxes450/3€3,798€5,783▲
Other amounts payable47/48€13,069€13,755▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,055€5,055=
Non-recurring operating charges66A€641€878▲
Gross operating margin9900€5,554€5,816▲
Operating profit (loss)9901-€142-€117▲
Financial charges65/66B€84€45▼
Recurring financial charges65€84€45▼
Profit (loss) for the period before taxes9903-€226-€162▲
Transfer from deferred taxes780€2,078€2,078=
Income taxes67/77€1,963€1,985▲
Profit (loss) for the period9904-€111-€69▲
Transfer from tax-exempt reserves789€4,034€4,034=
Profit (loss) for the period to be appropriated9905€3,923€3,965▲
Appropriation of the result
Profit (loss) to be appropriated9906€3,923€3,965▲
Transfer to equity691/2€3,923€3,965▲
To other reserves6921€3,923€3,965▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€9,500€9,600----
Non-recurring operating income76A€1,232€1,256----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,530€5,055€5,055€5,055€5,055=
Non-recurring operating charges66A€599€1,813€1,606€641€878▲ 37.0%
Gross operating margin9900€10,732€10,856€6,097€5,554€5,816▲ 4.7%
Operating profit (loss)9901€3,603€3,988-€564-€142-€117▲ 17.6%
Financial charges65/66B€45€50€45€84€45▼ 46.4%
Recurring financial charges65€45€50€45€84€45▼ 46.4%
Profit (loss) for the period before taxes9903€3,558€3,938-€609-€226-€162▲ 28.3%
Transfer from deferred taxes780€2,078€2,078€2,078€2,078€2,078=
Income taxes67/77€3,226€3,353€1,837€1,963€1,985▲ 1.1%
Profit (loss) for the period9904€2,410€2,663-€368-€111-€69▲ 37.8%
Transfer from tax-exempt reserves789€4,034€4,034€4,034€4,034€4,034=
Profit (loss) for the period to be appropriated9905€6,444€6,697€3,666€3,923€3,965▲ 1.1%
Line20212022202320242025Change
Assets
Total assets20/58€269,057€250,571€228,339€222,327€222,850▲ 0.2%
Fixed assets21/28€106,235€101,180€96,125€91,070€86,015▼ 5.6%
Tangible fixed assets22/27€102,762€97,707€92,652€87,597€82,542▼ 5.8%
Land and buildings22€102,762€97,707€92,652€87,597€82,542▼ 5.8%
Financial fixed assets28€3,473€3,473€3,473€3,473€3,473=
Current assets29/58€162,822€149,391€132,214€131,257€136,835▲ 4.2%
Amounts receivable within one year40/41€141,955€127,906€110,790€110,745€116,346▲ 5.1%
Trade receivables40€110,795€110,790€110,790€110,745€110,846▲ 0.1%
Other amounts receivable41€31,160€17,116--€5,500-
Cash at bank and in hand54/58€20,867€21,485€21,424€20,512€20,489▼ 0.1%
Equity and liabilities
Total equity and liabilities10/49€269,057€250,571€228,339€222,327€222,850▲ 0.2%
Equity10/15€210,268€212,931€190,497€190,386€190,317=
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Reserves13€191,676€194,339€171,905€171,794€171,725=
Tax-exempt reserves132€41,411€37,377€33,344€29,310€25,276▼ 13.8%
Distributable reserves133€150,265€156,962€138,561€142,484€146,449▲ 2.8%
Provisions and deferred taxes16€21,308€19,230€17,151€15,074€12,995▼ 13.8%
Provisions for liabilities and charges160/5€21,308€19,230€17,151€15,074€12,995▼ 13.8%
Taxes161€21,308€19,230€17,151€15,074€12,995▼ 13.8%
Amounts payable17/49€37,481€18,410€20,691€16,867€19,538▲ 15.8%
Amounts payable within one year42/48€37,481€18,410€20,691€16,867€19,538▲ 15.8%
Taxes, remuneration and social security45€8,481€8,410€8,122€3,798€5,783▲ 52.3%
Taxes450/3€8,481€8,410€8,122€3,798€5,783▲ 52.3%
Other amounts payable47/48€29,000€10,000€12,569€13,069€13,755▲ 5.2%
Line20212022202320242025Change
Profit (loss) for the period9904€2,410€2,663-€368-€111-€69▲ 37.8%
+ Depreciation and write-downs630€6,530€5,055€5,055€5,055€5,055=
Operating cash flow (approximation)€8,940€7,718€4,687€4,944€4,986▲ 0.8%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€618-€61-€912-€23▲ 97.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
07-11
KBO administration UBO non-compliance
event 27-10-2025
27-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
06-09
KBO administration Strikeout withdrawn
event 27-08-2024
27-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
05-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 371 days late
05-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 736 days late
05-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 1101 days late
05-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 1466 days late
2023
15-09
KBO administration Late accounts filing
2022
31-12
Financial Highest result since 2018net €2,663 ▲10.5%
Net result €2,663, the highest in the series.
2019
31-12
Financial Back to profitnet €2,240
Net result €2,240 after one loss-making year.
Show earlier events
21-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 82 days late
2018
30-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
23-03
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 235 days late
SignalFinancial 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kasterlee · 1 establishment unit since 1977
seat establishment The establishment unit on the map
Ground area
1,067 m²
Building footprint
155 m²
Volume, LiDAR
873 m³
Parcel 13038B0508/00E000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
Langendries 1, 2460 Kasterlee
Insurance, reinsurance and pension funding, except compulsory social security
since 19772.039.996.508
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13038B0508/00E000 Flanders 1,067 m² 1 · 155 m² 10.1 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.

Company details

Identification
Legal formPrivate limited company (pre-2019)
Founded09-06-1977
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.