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ASW SERVICES

Active
Private limited companyfounded 20233 yrs activeOude Heerweg 2, 9160 Lokeren, BelgiumKBO/BCE: BE 0804.424.166
Summary

The computed 12-month bankruptcy probability of ASW SERVICES is 4.4% (elevated). The 2024 annual accounts show equity of €3,260 and a net result of €3,260. Its solvency ranks better than 20% of 1854 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability81
Solvency43
Growth-
Track record79
Bankruptcy probability, 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.38; short-term debt: 82.2% and cash: 13.4% of total assets), and 82.2% of the assets are financed with debt.
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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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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 2024
Solvency, return and age of the figures
Solvency
17.8%
Return on assets
17.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1854 sector peers (2024).
NBB · sector comparison
Position among 1854 sector peers
Solvency
better than 20%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 · 1 filing
Deviation from the deadline
2024
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 31 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ASW SERVICES was incorporated on 31 July 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, abbreviated schema

Turnover
€85,929
EBIT margin
3.9%
Net result
€3,260
Working capital
-€9,353

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Balance-sheet composition
Assets €18,350
Fixed assets €12,613
Current assets €5,737
Equity and liabilities €18,350
Equity €3,260
Debt €15,090
Debt finances 82.2% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€9,012
Cash flow
€8,926
Current ratio
0.38
Debt to equity
4.63
ROE
100.0%
ROA
17.8%
Interest coverage
105.24
Debt ≤ 1 year
€15,090
Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 29 lines
Balance sheet Code2024
Assets
Total assets20/58€18,350
Fixed assets21/28€12,613
Tangible fixed assets22/27€12,613
Furniture and vehicles24€12,613
Current assets29/58€5,737
Amounts receivable within one year40/41€3,277
Trade receivables40€2,766
Other amounts receivable41€511
Cash at bank and in hand54/58€2,460
Equity and liabilities
Total equity and liabilities10/49€18,350
Equity10/15€3,260
Profit (loss) carried forward14€3,260
Amounts payable17/49€15,090
Amounts payable within one year42/48€15,090
Trade debts44€4,940
Suppliers440/4€4,940
Other amounts payable47/48€10,150
Income statement Code2024
Turnover70€85,929
Goods, raw materials, services and sundry goods60/61€76,705
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,666
Other operating charges640/8€1,151
Gross operating margin9900€10,163
Operating profit (loss)9901€3,345
Financial charges65/66B€86
Recurring financial charges65€86
Profit (loss) for the period before taxes9903€3,260
Profit (loss) for the period9904€3,260
Profit (loss) for the period to be appropriated9905€3,260
Appropriation of the result
Profit (loss) to be appropriated9906€3,260

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Turnover70€85,929
Goods, raw materials, services and sundry goods60/61€76,705
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,666
Other operating charges640/8€1,151
Gross operating margin9900€10,163
Operating profit (loss)9901€3,345
Financial charges65/66B€86
Recurring financial charges65€86
Profit (loss) for the period before taxes9903€3,260
Profit (loss) for the period9904€3,260
Profit (loss) for the period to be appropriated9905€3,260
Line2024
Assets
Total assets20/58€18,350
Fixed assets21/28€12,613
Tangible fixed assets22/27€12,613
Furniture and vehicles24€12,613
Current assets29/58€5,737
Amounts receivable within one year40/41€3,277
Trade receivables40€2,766
Other amounts receivable41€511
Cash at bank and in hand54/58€2,460
Equity and liabilities
Total equity and liabilities10/49€18,350
Equity10/15€3,260
Profit (loss) carried forward14€3,260
Amounts payable17/49€15,090
Amounts payable within one year42/48€15,090
Trade debts44€4,940
Suppliers440/4€4,940
Other amounts payable47/48€10,150
Line2024
Profit (loss) for the period9904€3,260
+ Depreciation and write-downs630€5,666
Operating cash flow (approximation)€8,926

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

2025
29-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
NBB filing
0 of 8 acts read
About the unread acts

We know of 8 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
8 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, Lokeren · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
7,990 m²
Building footprint
1,633 m²
Volume, LiDAR
17,648 m³
2 parcels, Flanders · tallest building 23.0 m, ±4 floors. Linked by address, not a title deed.
59 companies at this address See who is registered here
1 establishment unit
ASW SERVICES
Waterloose Steenweg 200, 1640 Sint-Genesius-RodeNon-scheduled passenger transport by road
since 20232.348.764.037
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
22552E0048/00Z025 Flanders 7,308 m² 1 · 1,453 m² 23.0 m · 4 fl.
46014A0531/00L004 Flanders 682 m² 1 · 180 m² 8.0 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.

Similar companies · same sector, comparable size

Of 6,684 companies in sector 49330 we hold annual accounts for 2,295. 1,444 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
Founded31-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49410Freight transport by road

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