Financials
- Fiscal year
- 2025
- Total assets
- €10,294
- Loss
- -€31,971
- Solvency
- -310.6%
THE ASH
ActiveSummary
THE ASH has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€31,971) and a net result of -€31,971. Its solvency ranks better than 5% of 1549 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Hotels and similar accommodation
NACE 55100
1 site
Size
€10,294total assets 2025
- Staff
- 3.4 FTE
- Equity
- -€31,971
- Loss
- -€31,971
Turnover not published (abridged schema)
Structure
Accounts 11 d early0 of 1 deed read
Why 54Capped at 59: negative equity- Founded in 2023+ Legal form Non-profit association+ Size: total assets €10,294+ Liquidity: current ratio 0.24, cash €9,967Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 22% of its sector peers (NACE 55, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength
Weak
Solvency
0
equity -310.6% of total assets
Liquidity
50
short-term debt 410.6% · cash 96.8%
Profitability
0
return on assets -310.6%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2025: 0.1%
02-2025: 0.1%● 0.0% vs 01-2025
03-2025: 0.1%▲ +6.7% vs 02-2025
04-2025: 0.2%▲ +23.6% vs 03-2025
05-2025: 0.2%▲ +7.6% vs 04-2025
06-2025: 0.2%▲ +14.8% vs 05-2025
07-2025: 0.2%● 0.0% vs 06-2025
08-2025: 0.2%▲ +14.4% vs 07-2025
09-2025: 0.2%▼ -1.8% vs 08-2025
10-2025: 0.2%▼ -1.4% vs 09-2025
11-2025: 0.2%▲ +12.1% vs 10-2025
12-2025: 0.3%▲ +6.2% vs 11-2025
01-2026: 0.3%▲ +1.6% vs 12-2025highest value
02-2026: 0.3%● 0.0% vs 01-2026highest value
03-2026: 0.3%● 0.0% vs 02-2026highest value
04-2026: 0.3%● 0.0% vs 03-2026highest value
05-2026: 0.3%● 0.0% vs 04-2026highest value
06-2026: 0.3%● 0.0% vs 05-2026highest value
07-2026: 0.3%▼ -1.9% vs 06-2026
08-2026: 0.1%▼ -78.0% vs 07-2026
09-2026: 0.1%▼ -1.8% vs 08-2026lowest value
10-2026: 0.1%● 0.0% vs 09-2026lowest value
- Legal form Non-profit association lowers the probability
- Size: total assets €10,294 lowers the probability for this profile
- Liquidity: current ratio 0.24, cash €9,967 lowers the probability
- Founded in 2023 raises the probability for this profile
No credit on open account
Liquidity short (current ratio 0.24; short-term debt: 410.6% and cash: 96.8% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 55, micro). Better than this share of them on solvency 8%, liquidity 54%, profitability 5%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 20-07-2026, 11 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
11 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
- Annual accounts filedfiscal year 2025 · micro…
Key points
By topic
Timeline
- Events
- 1
- Since
- 2026
- 20-07-2026Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Non-profit association
- Activity
- Hotels and similar accommodationNACE 55100
- Founded
- 22-12-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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 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?Subsidies How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.