ACTIVE

ASORECO

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Financial year 2025 · closed on 31/03/2025

Net result

-97,9 k €

+2.9% YoY

Gross margin

332,8 k €

+13.4% YoY

Equity

252 k €

-24.5% YoY

What does ASORECO do?

ASORECO is a Public limited company incorporated in 2010. Its main activity is: Computer programming activities. Its registered office is in Nazareth-De Pinte.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0822.654.525

Incorporation

27/01/2010

Legal form

Public limited company

Registered office

Sluis 2B box 1
9810 Nazareth-De Pinte · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/03/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 70200Management consultancy activities 70220Business and other management consultancy activities 58290Other software publishing 58290Other software publishing

Joint committees (3)

200
2000
218

Contacts

1 public detail availableLog in to view

Signals

Solid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010
Income statement
Gross margin	332,8 k €	+13.4%	293,4 k €	-43.0%	515,2 k €	+8.7%	474 k €	+36.5%	347,3 k €	+162%	132,4 k €	+39.4%	94,9 k €	-42.1%	164,1 k €	-58.5%	395,6 k €	-0.7%	398,4 k €	+73.6%	229,5 k €	+212%	73,6 k €	-5.7%	78 k €	+172%	28,7 k €	+268%	7,8 k €
EBITDA	130,2 k €	+16.1%	112,1 k €	-57.9%	266,1 k €	+18.4%	224,8 k €	+19.3%	188,5 k €	+23297%	-812,4 €	+93.6%	-12,7 k €	-20.7%	-10,5 k €	-105%	232,2 k €	-11.1%	261,2 k €	+78.5%	146,3 k €	+791%	16,4 k €	+60.9%	10,2 k €	+1038%	-1,1 k €	-147%	2,3 k €
Operating result	-85,3 k €	+8.5%	-93,1 k €	-254%	60,6 k €	-15.0%	71,3 k €	+15.4%	61,8 k €	+200%	-61,9 k €	+6.7%	-66,3 k €	-97.0%	-33,7 k €	-116%	207,3 k €	-14.1%	241,2 k €	+156%	94,4 k €	+451%	-26,9 k €	-83.5%	-14,7 k €	-38.4%	-10,6 k €	-128%	-4,7 k €
Net result	-97,9 k €	+2.9%	-100,8 k €	-279%	56,3 k €	-15.9%	67 k €	+14.3%	58,6 k €	+203%	-56,8 k €	+16.2%	-67,8 k €	-15429%	-436,8 €	-100%	131,3 k €	-15.3%	155 k €	+252%	44 k €	+1496%	-3,2 k €	+48.4%	-6,1 k €	+60.3%	-15,4 k €	-85.0%	-8,3 k €
Balance sheet
Equity	252 k €	-24.5%	333,9 k €	-31.6%	488,1 k €	+124%	217,8 k €	+8.4%	200,9 k €	+1.8%	197,3 k €	-22.4%	254,1 k €	-21.1%	322 k €	-21.2%	408,5 k €	+41.7%	288,3 k €	+99.6%	144,4 k €	+11.5%	129,5 k €	-13.8%	150,3 k €	+118%	69 k €	-9.8%	76,4 k €
Total assets	718,8 k €	-17.2%	867,6 k €	-19.5%	1,1 M €	+10.4%	976 k €	+15.8%	842,9 k €	+27.2%	662,7 k €	+15.6%	573,4 k €	-5.3%	605,3 k €	+2.2%	592,2 k €	-11.1%	666,5 k €	+56.7%	425,5 k €	+54.4%	275,6 k €	-20.3%	345,7 k €	+44.0%	240 k €	+20.5%	199,2 k €
Cash	27,6 k €	-18.1%	33,6 k €	-48.4%	65,2 k €	-47.7%	124,8 k €	+71.0%	73 k €	+0.5%	72,6 k €	+66.7%	43,5 k €	-80.9%	228,1 k €	-41.7%	391,5 k €	-23.4%	511 k €	+94.9%	262,3 k €	+192%	89,9 k €	+875%	9,2 k €	-0.3%	9,2 k €	-18.8%	11,4 k €
Debts	287,1 k €	-10.1%	319,4 k €	-9.7%	353,6 k €	-13.2%	407,4 k €	+21.0%	336,6 k €	+39.7%	240,9 k €	+42.9%	168,6 k €	+11.3%	151,4 k €	-3.3%	156,6 k €	-4.3%	163,6 k €	+35.9%	120,4 k €	+31.2%	91,7 k €	-40.3%	153,7 k €	-0.3%	154,2 k €	+25.6%	122,8 k €
Other
Workforce	–		2,8 ETP	-36.4%	4,4 ETP	+2.3%	4,3 ETP		–		–		–		3,7 ETP	+5.7%	3,5 ETP	+16.7%	3,0 ETP	+25.0%	2,4 ETP	+26.3%	1,9 ETP	-5.0%	2,0 ETP	+53.8%	1,3 ETP	+30.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 4 active · 20 ended

Active mandates

Anthony IMPENS

Director · since 01 avril 2023 · until 29 juin 2029

Active

Luc Feyaerts

Director · since 01 avril 2023 · until 29 juin 2029 · 0846.978.858

Represented by Luc FEYAERTS

Active

Moxie Consultancy

Director · since 01 avril 2023 · until 29 juin 2029 · 0692.810.325

Represented by Jelle STUYVAERT

Active

Tim Schokkaert

Director · since 01 avril 2023 · until 29 juin 2029

Active

Ended mandates

Luc Feyaerts

Director · since 01 avril 2023 · until 29 juin 2029 · 0846.978.858

Represented by Luc FEYAERTS

Ended

Moxie Consultancy

Director · since 01 avril 2023 · until 29 juin 2029 · 0692.810.325

Represented by Jelle STUYVAERT

Ended

Frederik Simoens

Director · since 13 juillet 2012

Ended

Jolive Billiet

Director · since 13 juillet 2012

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/10/2025	23/07/2024	08/08/2023	03/08/2022	24/08/2021	24/11/2020
General meeting	09/10/2025	04/07/2024	28/07/2023	14/07/2022	24/06/2021	25/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	09/10/2025	13/10/2025	Dutch	PDF
Abridged model	31/03/2024	04/07/2024	23/07/2024	Dutch	PDF
Abridged model	31/03/2023	28/07/2023	08/08/2023	Dutch	PDF
Abridged model	31/03/2022	14/07/2022	03/08/2022	Dutch	PDF
Micro model	31/03/2021	24/06/2021	24/08/2021	Dutch	PDF
Micro model	31/03/2020	25/06/2020	24/11/2020	Dutch	PDF
Micro model	31/03/2019	27/06/2019	09/06/2020	Dutch	PDF
Abridged model	31/03/2018	28/06/2018	03/10/2018	Dutch	PDF
Abridged model	31/03/2017	14/06/2017	21/06/2017	Dutch	PDF
Abridged model	31/03/2016	13/09/2016	10/11/2016	Dutch	PDF
Abridged model	31/03/2015	08/09/2015	21/09/2015	Dutch	PDF
Abridged model	31/03/2014	09/09/2014	16/09/2014	Dutch	PDF
Abridged model	31/03/2013	10/09/2013	16/09/2013	Dutch	PDF
Abridged model	31/12/2011	19/06/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	20/10/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 31/03/2025 · 4 active · 20 ended

Active mandates

Anthony IMPENS

Director · since 01 avril 2023 · until 29 juin 2029

Active

Luc Feyaerts

Director · since 01 avril 2023 · until 29 juin 2029 · 0846.978.858

Represented by Luc FEYAERTS

Active

Moxie Consultancy

Director · since 01 avril 2023 · until 29 juin 2029 · 0692.810.325

Represented by Jelle STUYVAERT

Active

Tim Schokkaert

Director · since 01 avril 2023 · until 29 juin 2029

Active

Ended mandates

Luc Feyaerts

Director · since 01 avril 2023 · until 29 juin 2029 · 0846.978.858

Represented by Luc FEYAERTS

Ended

Moxie Consultancy

Director · since 01 avril 2023 · until 29 juin 2029 · 0692.810.325

Represented by Jelle STUYVAERT

Ended

Frederik Simoens

Director · since 13 juillet 2012

Ended

Jolive Billiet

Director · since 13 juillet 2012

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/07/2023
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/12/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/09/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/07/2012
KAPITAAL - AANDELEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other08/02/2010
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2025
Annual accounts 2025-97,9 k €↑
2024
Annual accounts 2024-100,8 k €↓
2023
Annual accounts 202356,3 k €↓
2022
Annual accounts 202267 k €↑
2021
Annual accounts 202158,6 k €↑
2020
Annual accounts 2020-56,8 k €↑
2019
Annual accounts 2019-67,8 k €↓
2018
Annual accounts 2018-436,8 €↓
2017
Annual accounts 2017131,3 k €↓
2016
Annual accounts 2016155 k €↑
2015
Annual accounts 201544 k €↑
2014
Annual accounts 2014-3,2 k €↑
2013
Annual accounts 2013-6,1 k €↑
2011
Annual accounts 2011-15,4 k €↓
2010
Annual accounts 2010-8,3 k €
27/01/2010
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ASORECO

Overview

What does ASORECO do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline