Public limited company · founded 1990 · 36 yrs activeWeiveldlaan 2, 1930 Zaventem, BelgiumKBO/BCE: BE 0442.185.089
Summary
IMMOBILIERE ASCO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35.1m and a net result of €3.3m. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 91% of 4616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability87=
Solvency100=
Growth66=
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.1%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €430,000 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.71 in 2024; short-term debt: 4.1% and cash: 2.3% of total assets), and 4.6% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 23 June (5 of the last 5 filed years within 30 days of that day).
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
IMMOBILIERE ASCO was incorporated on 28 September 1990.1The board currently has 3 members; BREMOT has served longest, since 2021.2Revenue grew from EUR 3.5 million in 2018 to EUR 4.3 million in 2025 and headcount from 7 to 6 full-time equivalents.3
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
Net result€2.0mabove the sector's middle half▲ 7.8%€2.2mabove the sector's middle half▲ 13.1%€2.6mabove the sector's middle half▲ 18.0%€3.2mabove the sector's middle half▲ 21.5%€3.3mabove the sector's middle half▲ 3.3%
Equity€23.8mabove the sector's middle half▲ 9.1%€26.0mabove the sector's middle half▲ 9.4%€28.6mabove the sector's middle half▲ 10.1%€31.8mabove the sector's middle half▲ 11.2%€35.1mabove the sector's middle half▲ 10.4%
Total assets€24.1mabove the sector's middle half▲ 10.2%€26.5mabove the sector's middle half▲ 10.0%€29.4mabove the sector's middle half▲ 10.7%€33.5mabove the sector's middle half▲ 14.0%€36.8mabove the sector's middle half▲ 9.9%
Working capital€7.1mabove the sector's middle half▲ 14.3%€10.1mabove the sector's middle half▲ 42.1%€925,708within the sector's middle half▼ 90.8%€967,737above the sector's middle half▲ 4.5%€487,429within the sector's middle half▼ 49.6%
Solvency98.5%above the sector's middle half▼ 1.0pp98.0%above the sector's middle half▼ 0.5pp97.5%above the sector's middle half▼ 0.5pp95.0%above the sector's middle half▼ 2.4pp95.4%above the sector's middle half▲ 0.4pp
Current ratio49.45above the sector's middle half2.98within the sector's middle half▼ 46.471.71within the sector's middle half▼ 1.271.32within the sector's middle half▼ 0.39
Return on assets (ROA)8.2%above the sector's middle half▼ 0.2pp8.4%above the sector's middle half▲ 0.2pp9.0%above the sector's middle half▲ 0.5pp9.5%above the sector's middle half▲ 0.6pp9.0%above the sector's middle half▼ 0.6pp
Staff (FTE)7within the sector's middle half=7within the sector's middle half=7above the sector's middle half=6.4above the sector's middle half▼ 8.6%6above the sector's middle half▼ 6.3%
abovewithinbelowthe middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36.8m
94.5%
Fixed assets€34.8m ▲ 11.7%
Current assets€2.0m ▼ 13.6%
Equity and liabilities €36.8m
95.4%
Equity€35.1m ▲ 10.4%
Debt€1.7m ▲ 1.3%
Debt's share of the balance-sheet total falls from 5.0% to 4.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€4.0m▲
2024 · €3.6m
Cash flow
€3.7m▲
2024 · €3.6m
Debt to equity
0.05▼
2024 · 0.05
ROE
9.4%▼
2024 · 10.0%
Interest coverage
2698.66▲
2024 · 16.42
Debt ≤ 1 year
€1.5m▲
2024 · €1.4m
Income taxes
€1.2m▲
2024 · €1.0m
Staff costs
€354,113▼
2024 · €383,218
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 64 lines
Balance sheetCode20242025
Assets
Total assets20/58€33.5m€36.8m▲
Fixed assets21/28€31.2m€34.8m▲
Tangible fixed assets22/27€8.2m€7.8m▼
Land and buildings22€8.2m€7.8m▼
Financial fixed assets28€23.0m€27.1m▲
Affiliated companies280/1€23.0m€27.1m▲
Participating interests280€2.5m€2.5m=
Amounts receivable281€20.5m€24.6m▲
Current assets29/58€2.3m€2.0m▼
Amounts receivable within one year40/41€1.3m€1.0m▼
Trade receivables40€1.3m€1.0m▼
Other amounts receivable41€310€1,764▲
Cash at bank and in hand54/58€898,186€861,099▼
Deferred charges and accrued income490/1€136,388€133,286▼
Equity and liabilities
Total equity and liabilities10/49€33.5m€36.8m▲
Equity10/15€31.8m€35.1m▲
Contributions10/11€750,047€750,047=
Capital10€750,000€750,000=
Issued capital100€750,000€750,000=
Outside capital11€47€47=
Share premium1100/10€47€47=
Reserves13€2.2m€2.2m=
Non-distributable reserves130/1€75,000€75,000=
Legal reserve130€75,000€75,000=
Distributable reserves133€2.1m€2.1m=
Profit (loss) carried forward14€28.9m€32.2m▲
Amounts payable17/49€1.7m€1.7m▲
Amounts payable within one year42/48€1.4m€1.5m▲
Trade debts44€233,044€11,050▼
Suppliers440/4€233,044€11,050▼
Taxes, remuneration and social security45€1.1m€1.5m▲
Taxes450/3€1.1m€1.4m▲
Remuneration and social security454/9€62,880€68,504▲
Accrued charges and deferred income492/3€301,651€161,831▼
Income statementCode20242025
Operating income70/76A€4.2m€4.6m▲
Turnover70€4.2m€4.3m▲
Other operating income74€13,071€310,067▲
Operating charges60/66A€1.0m€997,217▼
Services and other goods61€19,531€20,685▲
Remuneration, social security and pensions62€383,218€354,113▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€388,287€388,287=
Other operating charges640/8€226,889€234,131▲
Operating profit (loss)9901€3.2m€3.6m▲
Financial income75/76B€1.2m€1.1m▼
Recurring financial income75€1.2m€1.1m▼
Income from financial fixed assets750€1.0m€908,875▼
Income from current assets751-€0
Other financial income752/9€211,525€153,403▼
Financial charges65/66B€219,773€166,191▼
Recurring financial charges65€219,773€166,191▼
Debt charges650-€1,488
Other financial charges652/9€219,773€164,703▼
Profit (loss) for the period before taxes9903€4.2m€4.5m▲
Income taxes67/77€1.0m€1.2m▲
Taxes670/3€1.0m€1.2m▲
Profit (loss) for the period9904€3.2m€3.3m▲
Profit (loss) for the period to be appropriated9905€3.2m€3.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906€28.9m€32.2m▲
Profit (loss) brought forward from the previous period14P€25.7m€28.9m▲
Transfer to equity691/2-€0
To contributions691-€0
To the legal reserve6920-€0
To other reserves6921-€0
Social balance
Average headcount (FTE)90876.46.0▼
The notes to these accounts (40 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Operating income70/76A
€3.7m
€3.9m
€4.2m
€4.2m
€4.6m
▲ 9.1%
Turnover70
€3.7m
€3.8m
€4.2m
€4.2m
€4.3m
▲ 2.1%
Other operating income74
€8,571
€8,741
€13,356
€13,071
€310,067
▲ 2,272%
Operating charges60/66A
€1.1m
€1.1m
€1.0m
€1.0m
€997,217
▼ 2.0%
Services and other goods61
€176,855
€104,934
€21,765
€19,531
€20,685
▲ 5.9%
Remuneration, social security and pensions62
€348,293
€392,177
€405,840
€383,218
€354,113
▼ 7.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€422,029
€388,892
€388,892
€388,287
€388,287
=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-€2,149
-
-
-
-
-
Other operating charges640/8
€194,842
€200,466
€216,682
€226,889
€234,131
▲ 3.2%
Operating profit (loss)9901
€2.5m
€2.8m
€3.1m
€3.2m
€3.6m
▲ 12.6%
Financial income75/76B
€130,780
€236,216
€449,195
€1.2m
€1.1m
▼ 13.9%
Recurring financial income75
€130,780
€187,083
€449,195
€1.2m
€1.1m
▼ 13.9%
Income from financial fixed assets750
€121,865
-
€240,080
€1.0m
€908,875
▼ 11.0%
Income from current assets751
€8,789
€186,496
€209,115
-
€0
-
Other financial income752/9
€126
€587
-
€211,525
€153,403
▼ 27.5%
Non-recurring financial income76B
-
€49,133
-
-
-
-
Financial charges65/66B
€25,268
€22,155
€6,876
€219,773
€166,191
▼ 24.4%
Recurring financial charges65
€25,268
€22,155
€6,876
€219,773
€166,191
▼ 24.4%
Debt charges650
€24,213
€20,836
-
-
€1,488
-
Other financial charges652/9
€1,055
€1,319
€6,876
€219,773
€164,703
▼ 25.1%
Profit (loss) for the period before taxes9903
€2.6m
€3.0m
€3.6m
€4.2m
€4.5m
▲ 6.8%
Income taxes67/77
€662,096
€753,703
€940,860
€1.0m
€1.2m
▲ 17.8%
Taxes670/3
€662,096
€753,703
€940,860
€1.0m
€1.2m
▲ 17.8%
Profit (loss) for the period9904
€2.0m
€2.2m
€2.6m
€3.2m
€3.3m
▲ 3.3%
Profit (loss) for the period to be appropriated9905
€2.0m
€2.2m
€2.6m
€3.2m
€3.3m
▲ 3.3%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€24.1m
€26.5m
€29.4m
€33.5m
€36.8m
▲ 9.9%
Fixed assets21/28
€17.0m
€16.2m
€28.0m
€31.2m
€34.8m
▲ 11.7%
Tangible fixed assets22/27
€9.7m
€8.9m
€8.6m
€8.2m
€7.8m
▼ 4.9%
Land and buildings22
€9.7m
€8.9m
€8.6m
€8.2m
€7.8m
▼ 4.9%
Plant, machinery and equipment23
€13,554
€0
-
-
-
-
Furniture and vehicles24
-
€0
-
-
-
-
Financial fixed assets28
€7.2m
€7.3m
€19.4m
€23.0m
€27.1m
▲ 17.6%
Affiliated companies280/1
€7.2m
€7.3m
€19.4m
€23.0m
€27.1m
▲ 17.6%
Participating interests280
€2.5m
€2.5m
€2.5m
€2.5m
€2.5m
=
Amounts receivable281
€4.7m
€4.8m
€17.0m
€20.5m
€24.6m
▲ 19.7%
Current assets29/58
€7.2m
€10.3m
€1.4m
€2.3m
€2.0m
▼ 13.6%
Amounts receivable within one year40/41
€78,283
€88,731
€1.0m
€1.3m
€1.0m
▼ 21.4%
Trade receivables40
€72,899
€83,261
€1.0m
€1.3m
€1.0m
▼ 21.5%
Other amounts receivable41
€5,383
€5,470
€315
€310
€1,764
▲ 469%
Current investments50/53
-
€9.0m
-
-
-
-
Other investments51/53
-
€9.0m
-
-
-
-
Cash at bank and in hand54/58
€7.1m
€1.2m
€273,411
€898,186
€861,099
▼ 4.1%
Deferred charges and accrued income490/1
€6,364
€8,689
€83,955
€136,388
€133,286
▼ 2.3%
Equity and liabilities
Total equity and liabilities10/49
€24.1m
€26.5m
€29.4m
€33.5m
€36.8m
▲ 9.9%
Equity10/15
€23.8m
€26.0m
€28.6m
€31.8m
€35.1m
▲ 10.4%
Contributions10/11
€750,047
€750,047
€750,047
€750,047
€750,047
=
Capital10
€750,000
€750,000
€750,000
€750,000
€750,000
=
Issued capital100
€750,000
€750,000
€750,000
€750,000
€750,000
=
Outside capital11
€47
€47
€47
€47
€47
=
Share premium1100/10
€47
€47
€47
€47
€47
=
Reserves13
€2.2m
€2.2m
€2.2m
€2.2m
€2.2m
=
Non-distributable reserves130/1
€75,000
€75,000
€75,000
€75,000
€75,000
=
Legal reserve130
€75,000
€75,000
€75,000
€75,000
€75,000
=
Distributable reserves133
€2.1m
€2.1m
€2.1m
€2.1m
€2.1m
=
Profit (loss) carried forward14
€20.8m
€23.0m
€25.7m
€28.9m
€32.2m
▲ 11.4%
Amounts payable17/49
€353,493
€534,439
€748,488
€1.7m
€1.7m
▲ 1.3%
Amounts payable within one year42/48
€57,379
€208,380
€468,058
€1.4m
€1.5m
▲ 11.9%
Trade debts44
€5,190
€7,640
€6,629
€233,044
€11,050
▼ 95.3%
Suppliers440/4
€5,190
€7,640
€6,629
€233,044
€11,050
▼ 95.3%
Taxes, remuneration and social security45
€51,263
€200,740
€461,430
€1.1m
€1.5m
▲ 33.9%
Taxes450/3
€7,491
€151,533
€419,191
€1.1m
€1.4m
▲ 35.4%
Remuneration and social security454/9
€43,772
€49,207
€42,239
€62,880
€68,504
▲ 8.9%
Other amounts payable47/48
€926
€0
-
-
-
-
Accrued charges and deferred income492/3
€296,114
€326,059
€280,430
€301,651
€161,831
▼ 46.4%
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€2.0m
€2.2m
€2.6m
€3.2m
€3.3m
▲ 3.3%
+ Depreciation and write-downs630
€422,029
€388,892
€388,892
€388,287
€388,287
=
Operating cash flow (approximation)
€2.4m
€2.6m
€3.0m
€3.6m
€3.7m
▲ 2.9%
Investment in fixed assets (approximation)
-
€339,846
-€12.1m
-€3.6m
-€4.0m
▼ 13.1%
Change in cash
-
-€5.9m
-€932,510
€624,776
-€37,088
▼ 106%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
State Gazette actResignation: Nicolas Van Cutsem (director)
Appointment: Vicky Welvaert (director)7 facts ▸
General meeting, 29-08-2023
Director resignation, Nicolas Van Cutsem (director)
Director appointment, Vicky Welvaert (director)
Board composition, Kai Arndt (director)
Board composition, Michael Pistauer (director)
Board composition, Vicky Welvaert (director)
Board composition, Olaf Lawrenz (director)
13-06
NBB filingAnnual accounts filed
fiscal year 2022 · full schema
2022
31-12
FinancialEquity above €25mEq €26.0m ▲9.4%
5 profitable years in a row build equity to €26.0m.
05-10
State Gazette actAppointment: Olaf Lawrenz (director)
Power of attorney10 facts ▸
General meeting, 01-09-2022
Director appointment, Olaf Lawrenz (director)
Board composition, Kai Arndt (director)
Board composition, Michael Pistauer (director)
Board composition, Olaf Lawrenz (director)
Board composition, Nicolas Van Cutsem (director)
Power of attorney, Kai Arndt
Power of attorney, Michael Pistauer
Power of attorney, Olaf Lawrenz
Power of attorney, Nicolas Van Cutsem
Show earlier events
23-06
NBB filingAnnual accounts filed
fiscal year 2021 · full schema
21-06
State Gazette actResignation: Dominic Rousselle (permanent representative)
Appointment: Xavier Nys (permanent representative) · Power of attorney4 facts ▸
General meeting, 01-06-2022
Director resignation, Dominic Rousselle (permanent representative)
Director appointment, Xavier Nys (permanent representative)
Power of attorney, Nicolas van den Broek
03-05
State Gazette actResignations: Andrée Vangeyte, Emile Boas and 3 others
Appointments: Kai Arndt, Michael Pistauer and Nicolas Van Cutsem · Permanent representatives: Trudo Motmans and Sylvie Boas · Director discharge31 facts ▸
General meeting, 31-03-2022
Director resignation, Andrée Vangeyte (director)
Director resignation, Emile Boas (director)
Director resignation, Christian Boas (director)
Director resignation, Bremot BV (director)
Director resignation, S.R.I.F. NV (director)
Director discharge, Andrée Vangeyte
Director discharge, Emile Boas
Director discharge, Christian Boas
Director discharge, Bremot BV
Director discharge, S.R.I.F. NV
Director appointment, Kai Arndt (director)
+19 further facts in this act
2021
29-07
State Gazette actAppointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)
State Gazette actReappointments: Andrée VANGEYTE, Christian BOAS and 3 others
Power of attorney9 facts ▸
General meeting, 20-05-2011
Director reappointment, Andrée VANGEYTE (director)
Director reappointment, Christian BOAS (director)
Director reappointment, SRIF NV (director)
Director reappointment, Trudo MOTMANS (director)
Director reappointment, Emile BOAS (director)
Director reappointment, Christian BOAS (afgevaardigd bestuurder)
Director reappointment, Andrée VANGEYTE (chair)
Power of attorney, Emile BOAS
2009
31-08
State Gazette actReappointment: KPMG (statutory auditor)
2 facts ▸
General meeting, 15-05-2009
Auditor reappointment, KPMG
2005
08-08
State Gazette actMiscellaneous
Statutes amendment1 fact ▸
Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
19 of 19 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
Statutory auditor · since 15-05-2009 · perm. rep.: Xavier Nys
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2025 annual accounts of IMMOBILIERE ASCO 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
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
4 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 11,755 companies in sector 68310 we hold annual accounts for 6,912. 352 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded28-09-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID0208:0442185089
Also9925:BE0442185089
Registered11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.