Active BE 0842.263.965Private limited companyOpen bankruptcy

ASD

Kouterweg 30 ·8890 Moorslede, Belgium· 14 yrs active

Sector: Specialised construction (43222)

Conclusion Checked

A bankruptcy procedure is open for ASD according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €873k and a net result of €117k.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€873k
Net result	€117k
Staff (FTE)	19
Better than sector	32%

Snowflake analysis 5 of 5 axes measured · computed by Checked

30 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 3

Profitability 67

Solvency 30

Growth 52

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2023 · computed

3 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-04-2024 with the NBB · fiscal year 2023 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	19.9%	33.8%	better than 32% of 901 sector peers
Net result	€117k	€29k	better than 77% of 901 sector peers
Equity	€873k	€130k	better than 91% of 901 sector peers
Gross operating margin	€1.53M	€196k	better than 95% of 899 sector peers
Staff costs	€1.21M	€209k	higher than 95% of 569 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€308k

-34.3% 18-23

Net profit

€117k

-58.6% 18-23

Cash flow

€201k

-45.5% 18-23

Total assets

€4.40M

+32.0% 18-23

Equity

€873k

+15.6% 18-23

Working capital

€806k

+16.1% 18-23

Employees (FTE)

19

+35.7% 18-23

Staff costs

€1.21M

+58.2% 18-23

Income taxes

€49k

-27.7% 18-23

Debt

€3.52M

+36.8% 18-23

Debt ≤ 1y

€3.04M

+41.8% 18-23

Debt > 1y

€481k

+11.9% 18-23

Current ratio

1.27

-4.4% 18-23

Quick ratio

0.98

-14.4% 18-23

Solvency

19.9%

-12.5% 18-23

Debt / equity

4.04

+18.4% 18-23

ROE

13.5%

-64.2% 18-23

ROA

2.7%

-68.6% 18-23

Interest coverage

4.98

-58.7% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	verkort
Revenue	-
EBITDA	€308k
Net profit	€117k
Cash flow	€201k
Staff costs	€1.21M
Income taxes	€49k
Dividends	-
Total assets	€4.40M
Equity	€873k
Debt	€3.52M
of which ≤ 1y	€3.04M
of which > 1y	€481k
Working capital	€806k
Employees (FTE)	19.0

Ratios (computed)

	2023
Current ratio	1.27
Quick ratio	0.98
Working capital ratio	18.3%
Solvency	19.9%
Debt / equity	4.04
Long-term debt ratio	0.55
Interest coverage	4.98
Gross margin	-
Net margin	-
ROA	2.7%
ROE	13.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €547k · 12.4% Current assets €3.85M · 87.6%

Equity & liabilities

Equity €873k · 19.9% Debt €3.52M · 80.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€4.40M
Fixed assets	21/28	€547k
Tangible fixed assets	22/27	€526k
Financial fixed assets	28	€22k
Current assets	29/58	€3.85M
Stocks & contracts in progress	3	€856k
Amounts receivable within one year	40/41	€2.96M
Cash & bank	54/58	€35k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€4.40M
Equity	10/15	€873k
Contributions / capital	10/11	€6k
Reserves	13	€866k
Accumulated profits (losses)	14	€0
Amounts payable	17/49	€3.52M
Amounts payable after one year	17	€481k
Amounts payable within one year	42/48	€3.04M
Trade debts payable within one year	44	€2.29M
Income statement
Gross operating margin	9900	€1.53M
Operating result	9901	€225k
Financial income	75	€3k
Financial charges	65	€62k
Result before taxes	9903	€166k
Income taxes	67/77	€49k
Net result for the period	9904	€117k
Result to be appropriated	9905	€117k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	NATHALIE BEERNAERT DAMMESTRAAT-WEST 6, 8800 ROESELARE	11-02-2025 → present	Belgian State Gazette

Legal Structure

NACE primary	Specialised construction(43222)
Legal form	Private limited company(610)
Incorporation	29-12-2011
Status	Active
Postal code	8890
First BS signal	18-02-2025
Latest BS signal	18-02-2025

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

ASD

Ovenhoek 19, 8800 RoeselareVervaardiging van verlichtingsapparaten

since 20122.205.871.357

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36504D1337/00A000	Flanders	1,275 m²	1 · 623 m²	0.2 m
36012B0007/00G002	Flanders	941 m²	1 · 231 m²	8.7 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

18-02-2025

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · ASD BV KOUTERWEG 30, 8890 MOORSLEDE · event 11-02-2025

2024

30-04-2024