ACTIVE

ASD

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Financial year 2025 · closed on 31/12/2025
Net result
41,3 k €
+808.7% YoY
Gross margin
45,5 k €
+1503.1% YoY
Equity
10,3 k €
+133.2% YoY

What does ASD do?

ASD is a Private company with limited liability incorporated in 2017. Its main activity is: Repair and maintenance of aircraft and spacecraft. Its registered office is in Namur.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0674.411.603
Incorporation
10/04/2017
Legal form
Private company with limited liability
Registered office
Rue Capt. Aviateur Jacquet(SL) 44
5020 Namur · WallonieSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
33160Repair and maintenance of aircraft and spacecraft· main33160Repair and maintenance of aircraft and spacecraft51100Passenger air transport51100Passenger air transport52230Service activities incidental to air transportation52230Service activities incidental to air transportation
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin45,5 k €-3,2 k €209,1 k €42,8 k €35,8 k €-57,9 k €26,9 k €114,3 k €
EBITDA44,8 k €-4,7 k €208,7 k €41,7 k €35,3 k €-58,4 k €26,4 k €112,5 k €
Operating result44,8 k €-4,7 k €208,7 k €-15,8 k €-23,8 k €-117,6 k €-33 k €8,5 k €
Net result41,3 k €-5,8 k €208,7 k €-25 k €-34,1 k €-126,6 k €-42,8 k €-11,7 k €
Balance sheet
Equity10,3 k €-31 k €-25,2 k €-233,9 k €-208,9 k €-174,8 k €-48,2 k €-5,5 k €
Total assets154,9 k €204 k €325,7 k €267,2 k €387,5 k €382,4 k €494 k €548,9 k €
Cash111,8 k €50,4 k €55,5 k €2,1 k €36,2 k €7,2 k €48,7 k €62,6 k €
Debts144,6 k €235 k €350,9 k €501,1 k €596,4 k €557,2 k €542,2 k €554,3 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Christian Heusquin

Director · since 10 avril 2017

Active
Marc Lemoine

Director · since 10 avril 2017

Active

Ended mandates

Christian Heusquin

Manager · since 10 avril 2017

Ended
Marc Lemoine

Manager · since 10 avril 2017

Ended
At this address

Other companies at this address

CompanyCBE no.
AERODROME DE NAMUR● Active
0425.648.074
Aero-Para Club de la Meuse● Active
0410.267.339
Avionics Namur● Active
1032.334.871
CENTRE D'APPRENTISSAGE ET DE PERFECTIONNEMENT AU VOL A VOILE● Active
0466.090.047
Centre Ecole régional de Parachutisme sportif de Namur● Active
0412.901.779
FEDERATION BELGE DE PARACHUTISME● Active
0447.869.784
Fédération des Clubs francophones de Vol à Voile● Active
0415.784.263
Flycook● Active
0762.490.769
GV2 - Sky Solutions● Active
1026.307.906
LES AILES NAMUROISES● Active
0435.619.377
LES GENS D'AIR● Active
0810.993.541
Planes4U● Active
1016.840.904
SOARING & AVIATION● Active
1042.490.969
Stemme Belgium● Active
0695.677.466
Unité AERO FLY● Active
0765.965.151
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/09/202625/08/202530/08/202409/10/202314/10/202231/08/2021
General meeting12/09/202630/06/202527/08/202427/09/202310/10/202230/08/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202512/09/202615/09/2026FrenchPDF
Micro model31/12/202430/06/202525/08/2025FrenchPDF
Micro model31/12/202327/08/202430/08/2024FrenchPDF
Micro model31/12/202227/09/202309/10/2023FrenchPDF
Micro model31/12/202110/10/202214/10/2022FrenchPDF
Micro model31/12/202030/08/202131/08/2021FrenchPDF
Micro model31/12/201929/10/202031/10/2020FrenchPDF
Micro model31/12/201802/07/201931/07/2019FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Christian Heusquin

Director · since 10 avril 2017

Active
Marc Lemoine

Director · since 10 avril 2017

Active

Ended mandates

Christian Heusquin

Manager · since 10 avril 2017

Ended
Marc Lemoine

Manager · since 10 avril 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other12/04/2017
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202541,3 k €↑
  2. 2024
    Annual accounts 2024-5,8 k €↓
  3. 2023
    Annual accounts 2023208,7 k €↑
  4. 2022
    Annual accounts 2022-25 k €↑
  5. 2021
    Annual accounts 2021-34,1 k €↑
  6. 2020
    Annual accounts 2020-126,6 k €↓
  7. 2019
    Annual accounts 2019-42,8 k €↓
  8. 2018
    Annual accounts 2018-11,7 k €
  9. 10/04/2017
    IncorporationPrivate company with limited liability