ASHG Hasselt
ActiveSummary
ASHG Hasselt has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-921k) and a net result of €165k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 378 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▲+16
Solvency8▲+3
Growth66▲+16
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.29 against 0.9 in 2024; short-term debt: 16.4% and cash: 1.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 378 sector peers (2025).
NBB · sector comparisonPosition among 378 sector peers
Solvency
better than 13%
← weakest
strongest →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
37 d early
2023
14 d early
2022
46 d early
2021
37 d early
2020
54 d early
2019
53 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€5.99M▼ 1.3%
2024 · €6.07M
2018: €4.91M
2019: €4.87M
2020: €2.42M
2021: €3.78M
2022: €4.79M
2023: €5.47M
2024: €6.07M
2018 → 2025
EBIT margin
6.3%▲ 3.0pp
2024 · 3.3%
2018: -1.1%
2019: 1.2%
2020: -34.0%
2021: -3.2%
2022: 0.5%
2023: 4.8%
2024: 3.3%
2018 → 2025
Net result
€165k
2024 · €-478k
2018: €-105k
2019: €-42k
2020: €-927k
2021: €-238k
2022: €-106k
2023: €145
2024: €-478k
2018 → 2025
Working capital
€252k
2024 · €-123k
2018: €-966k
2019: €-860k
2020: €-1.55M
2021: €-1.32M
2022: €-1.01M
2023: €-5.06M
2024: €-123k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€3.78M-€4.79M▲ 26.8%€5.47M▲ 14.2%€6.07M▲ 10.9%€5.99M▼ 1.3%
Equity€-2.65M-€-2.76M▼ 4.0%€-2.76M=€-1.09M▲ 60.6%€-921k▲ 15.2%
Operating result€-122k-€24k€262k▲ 979%€203k▼ 22.5%€378k▲ 86.3%
Net result€-238k-€-106k▲ 55.5%€145€-478k€165k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 86% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.33M
Fixed assets
€4.20M ▼ 3.5%
Current assets
€1.13M ▲ 4.3%
Key figures and ratios
EBITDA
€837k▲
2024 · €723k
Cash flow
€625k▲
2024 · €42k
Solvency
-17.3%▲
2024 · -20.0%
Current ratio
1.29▲
2024 · 0.90
Quick ratio
1.27▲
2024 · 0.87
Debt to equity
-6.78▼
2024 · -6.00
ROA
3.1%▲
2024 · -8.8%
Interest coverage
3.04▲
2024 · 2.36
Debt
€6.25M▼
2024 · €6.52M
Debt ≤ 1 year
€874k▼
2024 · €1.20M
Debt > 1 year
€5.33M▲
2024 · €5.27M
Income taxes
€2k▼
2024 · €9k
Staff costs
€2.69M▲
2024 · €2.68M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 71 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.43M€5.33M▼
Fixed assets21/28€4.35M€4.20M▼
Intangible fixed assets21€5k€3k▼
Tangible fixed assets22/27€4.35M€4.20M▼
Land and buildings22€4.22M€3.96M▼
Plant, machinery and equipment23€110k€133k▲
Furniture and vehicles24€15k€70k▲
Leasing and similar rights25€8k€4k▼
Assets under construction and advance payments27-€31k
Financial fixed assets28€600€600=
Other financial fixed assets284/8€600€600=
Amounts receivable and cash guarantees285/8€600€600=
Current assets29/58€1.08M€1.13M▲
Stocks and contracts in progress3€30k€19k▼
Stocks30/36€30k€19k▼
Raw materials and consumables30/31€14k€12k▼
Goods purchased for resale34€15k€7k▼
Amounts receivable within one year40/41€946k€994k▲
Trade receivables40€89k€87k▼
Other amounts receivable41€857k€906k▲
Cash at bank and in hand54/58€86k€67k▼
Deferred charges and accrued income490/1€19k€48k▲
Equity and liabilities
Total equity and liabilities10/49€5.43M€5.33M▼
Equity10/15€-1.09M€-921k▲
Contributions10/11€2.17M€2.17M=
Profit (loss) carried forward14€-3.26M€-3.09M▲
Amounts payable17/49€6.52M€6.25M▼
Amounts payable after more than one year17€5.27M€5.33M▲
Financial debts170/4€4.53M€4.53M=
Leasing and similar obligations172€2k€164▼
Credit institutions173€4.53M€4.53M=
Other amounts payable178/9€744k€800k▲
Amounts payable within one year42/48€1.20M€874k▼
Current portion of amounts payable after more than one year42€3k€2k▼
Trade debts44€739k€410k▼
Suppliers440/4€739k€410k▼
Advances received on contracts in progress46€76k€44k▼
Taxes, remuneration and social security45€386k€419k▲
Taxes450/3€66k€91k▲
Remuneration and social security454/9€320k€328k▲
Accrued charges and deferred income492/3€44k€45k▲
Income statement
Code20242025
Operating income70/76A€6.42M€6.36M▼
Turnover70€6.07M€5.99M▼
Other operating income74€357k€376k▲
Operating charges60/66A€6.22M€5.98M▼
Goods for resale, raw materials and consumables60€590k€591k▲
Purchases600/8€593k€580k▼
Change in stocks: decrease (increase)609€-4k€11k▲
Services and other goods61€2.25M€2.03M▼
Remuneration, social security and pensions62€2.68M€2.69M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€520k€459k▼
Other operating charges640/8€187k€189k▲
Non-recurring operating charges66A-€23k
Operating profit (loss)9901€203k€378k▲
Financial income75/76B€99€66k▲
Recurring financial income75€99€66k▲
Income from current assets751-€64k
Other financial income752/9€99€2k▲
Financial charges65/66B€672k€277k▼
Recurring financial charges65€672k€277k▼
Debt charges650€306k€275k▼
Other financial charges652/9€366k€2k▼
Profit (loss) for the period before taxes9903€-469k€168k▲
Income taxes67/77€9k€2k▼
Taxes670/3€9k€4k▼
Tax adjustments and reversals of tax provisions77-€1k
Profit (loss) for the period9904€-478k€165k▲
Profit (loss) for the period to be appropriated9905€-478k€165k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3.26M€-3.09M▲
Profit (loss) brought forward from the previous period14P€-2.78M€-3.26M▼
Social balance
Average headcount (FTE)908747.344.9▼
The notes to these accounts (85 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €165k
Net result €165k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €145
Net result €145 after 5 loss-making years.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-927k
Net result drops to €-927k, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
23 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, Hasselt · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kattegatstraat 13500 HasseltGround area
1,724 m²
Building footprint
1,670 m²
Volume, LiDAR
20,660 m³
Parcel 71022H1465/00D002, Flanders · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
HOLIDAY INN
since 19872.031.280.067
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1465/00D002 | Flanders | 1,724 m² | 1 · 1,670 m² | 17.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2023 to 2025 · 5 entries · 6,640 EUR awarded · 6,640 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,704 EUR | 2,704 EUR |
| 2024 | 2 | 3,436 EUR | 3,436 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
Schemes
Premie kwalificerend werkplekleren
Vlaams opleidingsverlof (VOV)
Subsidies jeugdhulp
Stagebonus (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteHasselt2.031.280.067
Dual-learning approval
4 live approvals · 3 endedHotelreceptionist duaal (so)
Kok (vwo)
Kok duaal (so)
Medewerker kamerdienst duaal (so)
Show 3 ended approvals
Hulpkok (so)
Kok (so)
Hotelreceptionist duaal (so)
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Of 2,394 companies in sector 55100 we hold annual accounts for 1,517. 543 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-10-1987
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.