Asyl
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 10-07-2026 at the NBB all 14 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€637▼ 3.7%
2024 · -€614
Working capital
€7,445▼ 7.9%
2024 · €8,082
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€584
▼ 3.1%
2025
20182025
Net result
-€637
▼ 3.7%
2025
middle half of the sector
20182025
Equity
€7,445
▼ 7.9%
2025
middle half of the sector
20182025
Total assets
€7,837
▼ 7.5%
2025
lowest quarter of the sector
20182025
Debt
€391
=
2025
20182025
Working capital
€7,445
▼ 7.9%
2025
middle half of the sector
20182025
Solvency
95.0%
▼ 0.4pp
2025
highest quarter of the sector
20182025
Current ratio
20.02
▼ 1.63
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-8.1%
▼ 0.9pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€738--€748▼ 1.4%-€567▲ 24.2%-€501▲ 11.8%-€448▲ 10.4%-€497▼ 10.8%-€566▼ 14.0%-€584▼ 3.1%
Net result-€855--€840▲ 1.7%-€722within the sector's middle half▲ 14.0%-€753within the sector's middle half▼ 4.2%-€541within the sector's middle half▲ 28.1%-€559within the sector's middle half▼ 3.3%-€614within the sector's middle half▼ 9.8%-€637within the sector's middle half▼ 3.7%
Equity€12,111-€11,272▼ 6.9%€10,549within the sector's middle half▼ 6.4%€9,797within the sector's middle half▼ 7.1%€9,255within the sector's middle half▼ 5.5%€8,696within the sector's middle half▼ 6.0%€8,082within the sector's middle half▼ 7.1%€7,445within the sector's middle half▼ 7.9%
Total assets€12,121-€12,029▼ 0.8%€10,897below the sector's middle half▼ 9.4%€9,806below the sector's middle half▼ 10.0%€9,555below the sector's middle half▼ 2.6%€8,969below the sector's middle half▼ 6.1%€8,473below the sector's middle half▼ 5.5%€7,837below the sector's middle half▼ 7.5%
Debt€10-€758▲ 79×€347▼ 54.1%€10▼ 97.2%€300▲ 31×€273▼ 8.9%€391▲ 43.1%€391=
Working capital€12,111-€11,272▼ 6.9%€10,549within the sector's middle half▼ 6.4%€9,797within the sector's middle half▼ 7.1%€9,255within the sector's middle half▼ 5.5%€8,696within the sector's middle half▼ 6.0%€8,082within the sector's middle half▼ 7.1%€7,445within the sector's middle half▼ 7.9%
Solvency99.9%-93.7%▼ 6.2pp96.8%above the sector's middle half▲ 3.1pp99.9%above the sector's middle half▲ 3.1pp96.9%above the sector's middle half▼ 3.0pp97.0%above the sector's middle half▲ 0.1pp95.4%above the sector's middle half▼ 1.6pp95.0%above the sector's middle half▼ 0.4pp
Current ratio15.8831.36above the sector's middle half▲ 15.4931.84above the sector's middle half32.80above the sector's middle half▲ 0.9621.65above the sector's middle half▼ 11.1620.02above the sector's middle half▼ 1.63
Return on assets (ROA)-7.1%--7.0%▲ 0.1pp-6.6%below the sector's middle half▲ 0.4pp-7.7%below the sector's middle half▼ 1.0pp-5.7%below the sector's middle half▲ 2.0pp-6.2%below the sector's middle half▼ 0.6pp-7.2%below the sector's middle half▼ 1.0pp-8.1%below the sector's middle half▼ 0.9pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €584, larger than the loss of €566 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €7,837
Equity
€7,445 ▼ 7.9%
Debt
€391 =
Debt's share of the balance-sheet total rises from 4.6% to 5.0%. Equity is lower.
Key figures and ratios
Debt to equity
0.05▲
2024 · 0.05
ROE
-8.5%▼
2024 · -7.6%
Debt ≤ 1 year
€391=
2024 · €391
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €348 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | - | -€401 | -€220 | -€153 | -€101 | -€112 | -€179 | -€184 | ▼ 3.0% |
| Operating profit (loss)9901 | -€738 | -€748 | -€567 | -€501 | -€448 | -€497 | -€566 | -€584 | ▼ 3.1% |
| Financial charges65/66B | - | - | - | €252 | €93 | €62 | €48 | €53 | ▲ 9.8% |
| Recurring financial charges65 | €117 | €92 | €155 | €252 | €93 | €62 | €48 | €53 | ▲ 9.8% |
| Profit (loss) for the period before taxes9903 | -€855 | -€840 | -€722 | -€753 | -€541 | -€559 | -€614 | -€637 | ▼ 3.7% |
| Profit (loss) for the period9904 | -€855 | -€840 | -€722 | -€753 | -€541 | -€559 | -€614 | -€637 | ▼ 3.7% |
| Profit (loss) for the period to be appropriated9905 | -€855 | -€840 | -€722 | -€753 | -€541 | -€559 | -€614 | -€637 | ▼ 3.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €12,121 | €12,029 | €10,897 | €9,806 | €9,555 | €8,969 | €8,473 | €7,837 | ▼ 7.5% |
| Current assets29/58 | €12,121 | €12,029 | €10,897 | €9,806 | €9,555 | €8,969 | €8,473 | €7,837 | ▼ 7.5% |
| Amounts receivable within one year40/41 | €12,069 | €12,029 | €10,885 | €9,780 | €9,522 | €8,957 | €8,443 | €7,808 | ▼ 7.5% |
| Other amounts receivable41 | - | - | - | €9,780 | €9,522 | €8,957 | €8,443 | €7,808 | ▼ 7.5% |
| Cash at bank and in hand54/58 | €52 | €0 | €12 | €27 | €34 | €13 | €31 | €29 | ▼ 7.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €12,121 | €12,029 | €10,897 | €9,806 | €9,555 | €8,969 | €8,473 | €7,837 | ▼ 7.5% |
| Equity10/15 | €12,111 | €11,272 | €10,549 | €9,797 | €9,255 | €8,696 | €8,082 | €7,445 | ▼ 7.9% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €4,051 | €3,212 | €2,489 | €1,737 | €1,195 | €636 | €22 | -€615 | - |
| Amounts payable17/49 | €10 | €758 | €347 | €10 | €300 | €273 | €391 | €391 | = |
| Amounts payable within one year42/48 | €10 | €758 | €347 | €10 | €300 | €273 | €391 | €391 | = |
| Trade debts44 | - | €748 | €338 | - | €291 | €264 | €382 | €382 | = |
| Suppliers440/4 | - | - | - | - | €291 | €264 | €382 | €382 | = |
| Taxes, remuneration and social security45 | - | - | - | €10 | €10 | €10 | €10 | €10 | = |
| Taxes450/3 | - | - | - | €10 | €10 | €10 | €10 | €10 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€855 | -€840 | -€722 | -€753 | -€541 | -€559 | -€614 | -€637 | ▼ 3.7% |
| Operating cash flow (approximation) | -€855 | -€840 | -€722 | -€753 | -€541 | -€559 | -€614 | -€637 | ▼ 3.7% |
| Change in cash | - | -€52 | €12 | €14 | €7 | -€21 | €18 | -€2 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as Asyl has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
90.9%
was still going
7.8%
stopped otherwise
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Asyl itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for Asyl. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-07-2026 | 2026-00286837 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00225478 | |
| 31-12-2023 | micro format | 26-06-2024 | 2024-00179249 | |
| 31-12-2022 | micro format | 14-07-2023 | 2023-00247212 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20108344 | |
| 31-12-2020 | micro format | 13-07-2021 | 2021-35000286 | |
| 31-12-2019 | full format | 08-10-2020 | 2020-59900227 | |
| 31-12-2018 | full format | 24-07-2019 | 2019-38400596 | |
| 31-12-2017 | full format | 03-07-2018 | 2018-29300266 | |
| 31-12-2016 | full format | 27-07-2017 | 2017-38100125 |