ASAP
ActiveSummary
ASAP has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €554,100 and a net result of €39,274. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 38% of 8281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▼-8
Solvency58▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.79 in 2024; short-term debt: 31% and cash: 1.6% of total assets), and 67.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
32.7%
Return on assets
2.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
28 d late
2022
24 d late
2021
24 d late
2020
26 d late
2019
27 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 27 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€39,274
2024 · -€53,784
Working capital
-€220,990▼ 212%
2024 · -€70,771
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€0.2m€0.1m€0.05m▼ 44.1%-€0.02m€0.08m
Net result-€0.2mbelow the sector's middle half€0.06mwithin the sector's middle half€0.03mwithin the sector's middle half▼ 49.0%-€0.05mbelow the sector's middle half€0.04mwithin the sector's middle half
Equity€0.5mwithin the sector's middle half▼ 30.3%€0.5mwithin the sector's middle half▲ 13.0%€0.6mwithin the sector's middle half▲ 5.9%€0.5mwithin the sector's middle half▼ 9.5%€0.6mwithin the sector's middle half▲ 7.6%
Total assets€1.1mwithin the sector's middle half▼ 15.7%€1.0mwithin the sector's middle half▼ 5.5%€1.4mwithin the sector's middle half▲ 39.1%€1.4mwithin the sector's middle half▼ 1.5%€1.7mwithin the sector's middle half▲ 23.1%
Debt€0.6m▲ 1.5%€0.5m▼ 20.4%€0.8m▲ 77.1%€0.8m▼ 6.4%€1.0m▲ 31.7%
Working capital-€0.2mbelow the sector's middle half-€0.1mbelow the sector's middle half▲ 39.4%-€0.07mbelow the sector's middle half▲ 29.0%-€0.07mbelow the sector's middle half▼ 0.2%-€0.2mbelow the sector's middle half▼ 212%
Solvency44.7%within the sector's middle half▼ 9.4pp53.4%within the sector's middle half▲ 8.7pp40.7%within the sector's middle half▼ 12.7pp37.4%within the sector's middle half▼ 3.3pp32.7%within the sector's middle half▼ 4.7pp
Current ratio0.56below the sector's middle half▼ 0.900.68below the sector's middle half▲ 0.120.79below the sector's middle half▲ 0.110.79below the sector's middle half=0.58below the sector's middle half▼ 0.21
Return on assets (ROA)-19.4%below the sector's middle half▼ 25.2pp6.1%within the sector's middle half▲ 25.5pp2.3%within the sector's middle half▼ 3.9pp-3.9%below the sector's middle half▼ 6.2pp2.3%within the sector's middle half▲ 6.2pp
Staff (FTE)1below the sector's middle half=2below the sector's middle half▲ 100%2below the sector's middle half=2below the sector's middle half=2within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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: €82,289 after a loss of €16,518 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.4m ▲ 24.5%
Current assets
€305,323 ▲ 17.0%
Equity and liabilities €1.7m
Equity
€554,100 ▲ 7.6%
Provisions
€118,009 ▲ 37.1%
Debt
€1.0m ▲ 31.7%
Debt's share of the balance-sheet total rises from 56.4% to 60.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€173,045▲
2024 · €64,575
Cash flow
€130,029▲
2024 · €27,309
Debt to equity
1.85▲
2024 · 1.51
ROE
7.1%▲
2024 · -10.4%
Interest coverage
0.61▼
2024 · 2.54
Debt ≤ 1 year
€526,313▲
2024 · €331,813
Debt > 1 year
€492,062▲
2024 · €441,827
Income taxes
€4,972▼
2024 · €12,151
Staff costs
€276,588▲
2024 · €168,089
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 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% | 1.8% |
| 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 17,040 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 | - | - | €6,198 | €3,539 | - | - |
| Remuneration, social security and pensions62 | - | €132,271 | €163,263 | €168,089 | €276,588 | ▲ 64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €69,301 | €62,607 | €70,370 | €81,093 | €90,756 | ▲ 11.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €86,050 | €31,958 | ▼ 62.9% |
| Other operating charges640/8 | - | €8,883 | €7,432 | €9,270 | €9,681 | ▲ 4.4% |
| Gross operating margin9900 | €311,308 | €301,992 | €295,947 | €327,984 | €491,272 | ▲ 49.8% |
| Operating profit (loss)9901 | -€174,610 | €98,231 | €54,882 | -€16,518 | €82,289 | ▲ 598% |
| Financial income75/76B | - | €244 | €7,429 | €301 | €245,353 | ▲ 81,391% |
| Recurring financial income75 | €228 | €244 | €7,429 | €301 | €245,353 | ▲ 81,391% |
| Financial charges65/66B | - | €8,554 | €17,243 | €25,416 | €283,397 | ▲ 1,015% |
| Recurring financial charges65 | €12,606 | €8,554 | €17,243 | €25,416 | €283,397 | ▲ 1,015% |
| Profit (loss) for the period before taxes9903 | -€186,988 | €89,921 | €45,068 | -€41,633 | €44,245 | ▲ 206% |
| Income taxes67/77 | €19,588 | €28,269 | €13,598 | €12,151 | €4,972 | ▼ 59.1% |
| Profit (loss) for the period9904 | -€206,577 | €61,652 | €31,470 | -€53,784 | €39,274 | ▲ 173% |
| Profit (loss) for the period to be appropriated9905 | -€206,577 | €61,652 | €31,470 | -€53,784 | €39,274 | ▲ 173% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.0m | €1.4m | €1.4m | €1.7m | ▲ 23.1% |
| Fixed assets21/28 | €0.9m | €0.8m | €1.1m | €1.1m | €1.4m | ▲ 24.5% |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €1.0m | €1.0m | €1.1m | ▲ 9.9% |
| Land and buildings22 | - | €0.5m | €1.0m | €0.9m | €0.9m | ▼ 3.1% |
| Plant, machinery and equipment23 | - | €0.08m | €0.02m | €0.01m | €0.2m | ▲ 1,441% |
| Furniture and vehicles24 | - | €0.05m | €0.03m | €0.07m | €0.05m | ▼ 30.0% |
| Financial fixed assets28 | €0.1m | €0.1m | €0.1m | €0.1m | €0.3m | ▲ 140% |
| Current assets29/58 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 17.0% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 16.6% |
| Trade receivables40 | - | €0.04m | €0.02m | €254 | €0.02m | ▲ 8,338% |
| Other amounts receivable41 | - | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 7.5% |
| Current investments50/53 | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Cash at bank and in hand54/58 | €0.02m | €0.02m | €0.03m | €0.02m | €0.03m | ▲ 40.9% |
| Deferred charges and accrued income490/1 | - | €0.006m | €0.009m | €0.007m | €0.005m | ▼ 30.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.0m | €1.4m | €1.4m | €1.7m | ▲ 23.1% |
| Equity10/15 | €0.5m | €0.5m | €0.6m | €0.5m | €0.6m | ▲ 7.6% |
| Contributions10/11 | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Reserves13 | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 8.9% |
| Non-distributable reserves130/1 | - | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Reserves not available under the articles1311 | - | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Distributable reserves133 | - | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 9.0% |
| Profit (loss) carried forward14 | €0.04m | €0.04m | €0.05m | €0.002m | €0.002m | ▲ 13.8% |
| Provisions and deferred taxes16 | - | - | - | €0.09m | €0.1m | ▲ 37.1% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.09m | €0.1m | ▲ 37.1% |
| Other liabilities and charges164/5 | - | - | - | €0.09m | €0.1m | ▲ 37.1% |
| Amounts payable17/49 | €0.6m | €0.5m | €0.8m | €0.8m | €1.0m | ▲ 31.7% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.5m | €0.4m | €0.5m | ▲ 11.4% |
| Financial debts170/4 | - | €0.2m | €0.5m | €0.4m | €0.5m | ▲ 11.4% |
| Other amounts payable178/9 | - | €0.001m | €0.002m | €0.002m | €0.002m | = |
| Amounts payable within one year42/48 | €0.4m | €0.3m | €0.3m | €0.3m | €0.5m | ▲ 58.6% |
| Current portion of amounts payable after more than one year42 | - | €0.06m | €0.07m | €0.05m | €0.06m | ▲ 35.4% |
| Trade debts44 | €0.02m | €0.02m | €0.02m | €0.02m | €0.04m | ▲ 99.4% |
| Suppliers440/4 | - | €0.02m | €0.02m | €0.02m | €0.04m | ▲ 99.4% |
| Advances received on contracts in progress46 | - | - | €0.05m | €0.06m | - | - |
| Taxes, remuneration and social security45 | - | €0.1m | €0.07m | €0.07m | €0.06m | ▼ 15.9% |
| Taxes450/3 | - | €0.07m | €0.04m | €0.04m | €0.03m | ▼ 14.8% |
| Remuneration and social security454/9 | - | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 17.1% |
| Other amounts payable47/48 | - | €0.1m | €0.1m | €0.1m | €0.4m | ▲ 163% |
| Accrued charges and deferred income492/3 | - | €0.008m | €0.004m | €0.003m | €0.005m | ▲ 58.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€206,577 | €61,652 | €31,470 | -€53,784 | €39,274 | ▲ 173% |
| + Depreciation and write-downs630 | €69,301 | €62,607 | €70,370 | €81,093 | €90,756 | ▲ 11.9% |
| Operating cash flow (approximation) | -€137,276 | €124,259 | €101,840 | €27,309 | €130,029 | ▲ 376% |
| Investment in fixed assets (approximation) | - | -€5,800 | -€403,824 | -€66,732 | -€364,392 | ▼ 446% |
| Change in cash | - | €4,729 | €10,148 | -€14,255 | €7,727 | ▲ 154% |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €39,274
Net result €39,274 after one loss-making year.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
24-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
30-06
Financial
Back to profitnet €61,652
Net result €61,652 after one loss-making year.
30-06
Financial
Equity above €500,000Eq €537,140 ▲13%
Equity rises from €475,488 to €537,140.
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
30-06
Financial
Weakest financial yearnet -€206,577
Net result drops to -€206,577, the lowest in the series; recovery starts the following year.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
25-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 25 days late
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial 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.
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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, Wavre · 1 establishment unit since 1994
Ground area
4,366 m²
Building footprint
503 m²
Volume, LiDAR
3,260 m³
2 parcels, Wallonia · tallest building 18.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
ASAP SPRL
since 1994unit no. 2.062.466.854
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0576/00F011 | Wallonia | 2,535 m² | 1 · 273 m² | 6.7 m · 2 fl. |
| 25006E0065/00V005 | Wallonia | 1,831 m² | 1 · 230 m² | 18.2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of ASAP and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 2 Gazette acts processed.
Recognitions · licences · registrations
Legal Entity Identifier
875500FK4UBUMENKV650
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Company details
Identification
Legal formPrivate limited company
Founded11-06-1993
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
70200Business and other management consultancy
Contact
Phone
026488880Nivelles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450242425
Registered
31-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.