ASHU
ActiveSummary
The computed 12-month bankruptcy probability of ASHU is 1.8% (moderate). The 2025 annual accounts show equity of €2k and a net result of €-1k. Equity is shrinking by ~14.1% per year across the filed fiscal years. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▲+50
Solvency56▲+9
Growth22=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31%
Return on assets
-20.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-1k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
29 d late
2023
58 d late
2022
30 d late
2021
87 d late
2020
17 d early
2019
183 d late
← 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, micro schema
Turnover
€121k▼ 12.9%
2019 · €139k
2019: €139k
2019 → 2020
EBIT margin
2.2%▼ 0.5pp
2019 · 2.6%
2019: 2.6%
2019 → 2020
Net result
€-1k▲ 85.0%
2024 · €-8k
2018: €152
2019: €3k
2020: €2k
2021: €8k
2022: €-11k
2023: €5k
2024: €-8k
2018 → 2025
Working capital
€-7k
2023 · €296
2019: €-5k
2020: €-2k
2021: €8k
2022: €-7k
2023: €296
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€6k▼ 65.9%€11k▲ 91.7%€3k▼ 72.8%€2k▼ 40.3%
Operating result€8k-€-18k€5k€-10k€84
Net result€8k-€-11k€5k€-8k€-1k▲ 85.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €84 after a loss of €10k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €6k
Equity
€2k ▼ 40.3%
Debt
€4k ▼ 63.4%
Debt's share of the balance-sheet total falls from 78.5% to 69.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4k▲
2024 · €-7k
Cash flow
€3k▲
2024 · €-5k
Debt to equity
2.23▼
2024 · 3.64
ROE
-67.4%▲
2024 · -268.0%
ROA
-20.9%▲
2024 · -57.7%
Interest coverage
55700.43▲
2024 · -8.11
Debt ≤ 1 year
€4k▼
2024 · €11k
Income taxes
€1k▲
2024 · €-2k
Staff costs
€-2k▼
2024 · €30k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€14k€6k▼
Fixed assets21/28€9k€6k▼
Tangible fixed assets22/27€9k€6k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€3k-
Other tangible fixed assets26€5k€4k▼
Current assets29/58€4k-
Amounts receivable within one year40/41€4k-
Other amounts receivable41€4k-
Cash at bank and in hand54/58€1-
Equity and liabilities
Total equity and liabilities10/49€14k€6k▼
Equity10/15€3k€2k▼
Contributions10/11€6k€6k=
Capital10€6k-
Issued capital100€19k-
Uncalled capital101€12k-
Profit (loss) carried forward14€-3k€-4k▼
Amounts payable17/49€11k€4k▼
Amounts payable within one year42/48€11k€4k▼
Trade debts44€7k-
Suppliers440/4€7k-
Taxes, remuneration and social security45€3k€1k▼
Taxes450/3-€1k
Remuneration and social security454/9€3k-
Other amounts payable47/48€1k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€30k€-2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€9k€275▼
Gross operating margin9900€32k€2k▼
Operating profit (loss)9901€-10k€84▲
Financial income75/76B€1k-
Recurring financial income75€1k-
Financial charges65/66B€851€0▼
Recurring financial charges65€851€0▼
Profit (loss) for the period before taxes9903€-10k€84▲
Income taxes67/77€-2k€1k▲
Profit (loss) for the period9904€-8k€-1k▲
Profit (loss) for the period to be appropriated9905€-8k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-4k▼
Profit (loss) brought forward from the previous period14P€5k€-3k▼
The notes to these accounts (8 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
22-09
State Gazette act
Registered office · Resignations & appointmentsIncorporation · Name change · Registered-office move5 facts ▸
State Gazette act
Registered office · Resignations & appointments
Incorporation · Name change · Registered-office move5 facts ▸
- General meeting, 18-09-2026
- Incorporation, 09-02-2016
- Name change, ASHU
- Registered-office move, 7000 Mons, Rue de Nimy 10/12
- Power of attorney, Jamyang Choephel
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
30-03
State Gazette act
Resignation: CHEN Mei-Ling (director)Director discharge3 facts ▸
State Gazette act
Resignation: CHEN Mei-Ling (director)
Director discharge3 facts ▸
- General meeting, 03/01/2025
- Director resignation, CHEN Mei-Ling (director)
- Director discharge, CHEN Mei-Ling
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-11k ▼243%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
31-12
Financial
Highest result since 2018net €8k ▲369%
Operating result €8k, net result €8k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.83
Current ratio from 0.89 to 1.83; short-term debt falls from €20k to €9k.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 183 days late
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 68 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 139 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-12-2024
Resigned as Director
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 2019
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.
Rue de Nimy 107000 MonsGround area
3,170 m²
Building footprint
1,036 m²
Volume, LiDAR
6,192 m³
2 parcels, Wallonia · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Baguettes & Fourchette
since 20192.285.453.325
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56043C0128/00H000 | Wallonia | 2,970 m² | 1 · 943 m² | 9.6 m · 2 fl. |
| 53403G0332/02D000 ProtectedMonument |
Wallonia | 200 m² | 1 · 92 m² | 14.4 m · 4 fl. |
Linked by address, not proof of ownership
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Articles of association
Other provisions of the articles (1)
- Name clause: ASHU
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-2016
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.