DEN AAS
ActiveSummary
DEN AAS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €857,963 and a net result of €3,960. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 95% of 304 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 12.43 against 8.2 in 2024; short-term debt: 6.5% and cash: 8.1% of total assets), and 6.5% 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○neutral
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
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
93.5%
Return on assets
0.4%
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
16 d early
2023
33 d early
2022
7 d early
2021
4 d early
2020
45 d early
2019
95 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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 17 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 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 Is the workforce growing, and do people stay?Employer 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3,960
2024 · -€19,533
Working capital
€685,784▲ 3.9%
2024 · €660,345
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service 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€65,535▲ 99.0%€34,052▼ 48.0%-€32,127-€21,961▲ 31.6%€3,450
Net result€73,354above the sector's middle half▲ 36.0%€34,011within the sector's middle half▼ 53.6%-€33,258below the sector's middle half-€19,533below the sector's middle half▲ 41.3%€3,960within the sector's middle half
Equity€872,782above the sector's middle half▲ 8.1%€906,793above the sector's middle half▲ 3.9%€873,536above the sector's middle half▼ 3.7%€854,003above the sector's middle half▼ 2.2%€857,963within the sector's middle half▲ 0.5%
Total assets€979,968within the sector's middle half▲ 5.8%€956,240within the sector's middle half▼ 2.4%€989,057within the sector's middle half▲ 3.4%€945,703within the sector's middle half▼ 4.4%€917,935within the sector's middle half▼ 2.9%
Debt€41,287▼ 23.0%€49,447▲ 19.8%€115,521▲ 134%€91,700▼ 20.6%€59,972▼ 34.6%
Working capital€656,097above the sector's middle half▲ 20.2%€659,417above the sector's middle half▲ 0.5%€656,326above the sector's middle half▼ 0.5%€660,345above the sector's middle half▲ 0.6%€685,784above the sector's middle half▲ 3.9%
Solvency89.1%above the sector's middle half▲ 2.0pp94.8%above the sector's middle half▲ 5.8pp88.3%above the sector's middle half▼ 6.5pp90.3%above the sector's middle half▲ 2.0pp93.5%above the sector's middle half▲ 3.2pp
Current ratio16.89above the sector's middle half▲ 5.7114.34above the sector's middle half▼ 2.566.68above the sector's middle half▼ 7.658.20above the sector's middle half▲ 1.5212.43above the sector's middle half▲ 4.23
Return on assets (ROA)7.5%within the sector's middle half▲ 1.7pp3.6%within the sector's middle half▼ 3.9pp-3.4%below the sector's middle half▼ 6.9pp-2.1%below the sector's middle half▲ 1.3pp0.4%within the sector's middle half▲ 2.5pp
Staff (FTE)16.4within the sector's middle half▼ 2.4%16.2within the sector's middle half▼ 1.2%16.8within the sector's middle half▲ 3.7%16within the sector's middle half▼ 4.8%14.9within the sector's middle half▼ 6.9%
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3,450 after a loss of €21,961 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €917,935
Fixed assets
€172,179 ▼ 11.1%
Current assets
€745,756 ▼ 0.8%
Equity and liabilities €917,935
Equity
€857,963 ▲ 0.5%
Debt
€59,972 ▼ 34.6%
Debt's share of the balance-sheet total falls from 9.7% to 6.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,532▲
2024 · €7,671
Cash flow
€31,042▲
2024 · €10,099
Debt to equity
0.07▼
2024 · 0.11
ROE
0.5%▲
2024 · -2.3%
Interest coverage
61.87▼
2024 · 325.04
Debt ≤ 1 year
€59,972▼
2024 · €91,700
Staff costs
€516,020▼
2024 · €532,668
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 14,732 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €65,900 | - | - | €80,135 | - |
| Remuneration, social security and pensions62 | €389,003 | €469,044 | €534,361 | €532,668 | €516,020 | ▼ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,208 | €35,208 | €30,168 | €29,632 | €27,082 | ▼ 8.6% |
| Other operating charges640/8 | €2,711 | €7,620 | €2,407 | €2,450 | €2,518 | ▲ 2.8% |
| Gross operating margin9900 | €492,458 | €545,924 | €534,808 | €542,789 | €549,070 | ▲ 1.2% |
| Operating profit (loss)9901 | €65,535 | €34,052 | -€32,127 | -€21,961 | €3,450 | ▲ 116% |
| Financial income75/76B | €8,340 | €17 | €151 | €2,452 | €1,003 | ▼ 59.1% |
| Recurring financial income75 | €8,340 | €17 | €151 | €2,452 | €1,003 | ▼ 59.1% |
| Financial charges65/66B | €418 | €57 | €1,281 | €24 | €493 | ▲ 1,991% |
| Recurring financial charges65 | €418 | €57 | €1,281 | €24 | €493 | ▲ 1,991% |
| Profit (loss) for the period before taxes9903 | €73,457 | €34,011 | -€33,258 | -€19,533 | €3,960 | ▲ 120% |
| Income taxes67/77 | €102 | - | - | - | - | - |
| Profit (loss) for the period9904 | €73,354 | €34,011 | -€33,258 | -€19,533 | €3,960 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | €73,354 | €34,011 | -€33,258 | -€19,533 | €3,960 | ▲ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €979,968 | €956,240 | €989,057 | €945,703 | €917,935 | ▼ 2.9% |
| Fixed assets21/28 | €282,585 | €247,377 | €217,209 | €193,658 | €172,179 | ▼ 11.1% |
| Intangible fixed assets21 | €9,183 | €6,373 | €3,563 | €752 | - | - |
| Tangible fixed assets22/27 | €273,402 | €241,004 | €213,647 | €192,905 | €172,179 | ▼ 10.7% |
| Land and buildings22 | €270,626 | €239,938 | €213,090 | €186,803 | €167,571 | ▼ 10.3% |
| Plant, machinery and equipment23 | €2,776 | €1,066 | €557 | €6,103 | €4,608 | ▼ 24.5% |
| Current assets29/58 | €697,383 | €708,864 | €771,848 | €752,045 | €745,756 | ▼ 0.8% |
| Amounts receivable within one year40/41 | €306,815 | €313,334 | €347,904 | €420,416 | €620,923 | ▲ 47.7% |
| Trade receivables40 | €2,420 | - | - | - | €2,541 | - |
| Other amounts receivable41 | €304,395 | €313,334 | €347,904 | €420,416 | €618,382 | ▲ 47.1% |
| Cash at bank and in hand54/58 | €390,568 | €392,596 | €408,586 | €313,624 | €74,123 | ▼ 76.4% |
| Deferred charges and accrued income490/1 | - | €2,934 | €15,358 | €18,005 | €50,710 | ▲ 182% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €979,968 | €956,240 | €989,057 | €945,703 | €917,935 | ▼ 2.9% |
| Equity10/15 | €872,782 | €906,793 | €873,536 | €854,003 | €857,963 | ▲ 0.5% |
| Reserves13 | - | - | €906,793 | €906,793 | €906,793 | = |
| Profit (loss) carried forward14 | €872,782 | €906,793 | -€33,258 | -€52,790 | -€48,831 | ▲ 7.5% |
| Provisions and deferred taxes16 | €65,900 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €65,900 | - | - | - | - | - |
| Pensions and similar obligations160 | €65,900 | - | - | - | - | - |
| Amounts payable17/49 | €41,287 | €49,447 | €115,521 | €91,700 | €59,972 | ▼ 34.6% |
| Amounts payable within one year42/48 | €41,287 | €49,447 | €115,521 | €91,700 | €59,972 | ▼ 34.6% |
| Trade debts44 | €4,246 | €8,368 | €32,395 | €19,357 | €9,801 | ▼ 49.4% |
| Suppliers440/4 | €4,246 | €8,368 | €32,395 | €19,357 | €9,801 | ▼ 49.4% |
| Taxes, remuneration and social security45 | €37,041 | €41,079 | €83,127 | €72,343 | €50,172 | ▼ 30.6% |
| Taxes450/3 | €2,272 | - | €2,121 | €2,859 | €5,430 | ▲ 89.9% |
| Remuneration and social security454/9 | €34,769 | €41,079 | €81,006 | €69,484 | €44,742 | ▼ 35.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73,354 | €34,011 | -€33,258 | -€19,533 | €3,960 | ▲ 120% |
| + Depreciation and write-downs630 | €35,208 | €35,208 | €30,168 | €29,632 | €27,082 | ▼ 8.6% |
| Operating cash flow (approximation) | €108,563 | €69,220 | -€3,090 | €10,099 | €31,042 | ▲ 207% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€6,080 | -€5,603 | ▲ 7.8% |
| Change in cash | - | €2,028 | €15,990 | -€94,961 | -€239,502 | ▼ 152% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €3,960
Net result €3,960 after 2 loss-making years.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €73,354 ▲36%
Operating result €65,535, net result €73,354, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €53,924
Net result €53,924 after 2 loss-making years.
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 95 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Oud-Turnhout · 1 establishment unit since 2006
Ground area
5,483 m²
Building footprint
1,101 m²
Volume, LiDAR
8,556 m³
2 parcels, Flanders · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
DEN AAS vzw
since 20062.157.708.184
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13031C0781/00B000 | Flanders | 4,591 m² | 1 · 887 m² | 9.3 m · 3 fl. |
| 13453O0736/00L003 | Flanders | 892 m² | 1 · 215 m² | 6.5 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 to 2025 · 9 entries · 1,338,348 EUR awarded · 1,335,249 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 306,722 EUR | 305,722 EUR |
| 2024 | 2 | 361,235 EUR | 361,198 EUR |
| 2023 | 2 | 365,671 EUR | 364,644 EUR |
| 2022 | 2 | 304,720 EUR | 303,685 EUR |
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Of 807 companies in sector 96910 we hold annual accounts for 617. 334 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded30-08-2001
Fiscal year end31-12
Activities, NACEBEL 2025
96910Personal service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476317807
Registered
25-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.