A'SPECT
ActiveSummary
A'SPECT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €413,766 and a net result of €77,473. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 18% of 2386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-11
Solvency42▼-33
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.48 against 1.77 in 2024; short-term debt: 17.5% and cash: 2.6% of total assets), and 83.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.9%
Return on assets
3.2%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 2386 sector peers (2025).
NBB · sector comparisonPosition among 2386 sector peers
Solvency
better than 18%
← 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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
132 d early
2023
2 d late
2022
31 d late
2021
31 d late
2020
26 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days after 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 3 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€413,766▲ 23.0%
2024 · €336,293
Total assets
€2.5m▲ 264%
2024 · €674,257
Net result
€77,473▼ 4.5%
2024 · €81,161
Working capital
-€220,738
2024 · €73,550
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€43,719▼ 26.7%€53,753▲ 23.0%€94,930▲ 76.6%€127,655▲ 34.5%€123,119▼ 3.6%
Net result€27,215below the sector's middle half▼ 15.0%€30,394within the sector's middle half▲ 11.7%€55,399within the sector's middle half▲ 82.3%€81,161within the sector's middle half▲ 46.5%€77,473within the sector's middle half▼ 4.5%
Equity€169,339within the sector's middle half▲ 19.1%€199,733within the sector's middle half▲ 17.9%€255,132within the sector's middle half▲ 27.7%€336,293within the sector's middle half▲ 31.8%€413,766within the sector's middle half▲ 23.0%
Total assets€655,110within the sector's middle half▲ 0.6%€655,440within the sector's middle half▲ 0.1%€671,693within the sector's middle half▲ 2.5%€674,257within the sector's middle half▲ 0.4%€2.5mabove the sector's middle half▲ 264%
Debt€485,771▼ 4.6%€455,706▼ 6.2%€416,561▼ 8.6%€337,964▼ 18.9%€2.0m▲ 504%
Working capital-€57,125below the sector's middle half▼ 2,056%-€31,821below the sector's middle half▲ 44.3%€4,457below the sector's middle half€73,550within the sector's middle half▲ 1,550%-€220,738below the sector's middle half
Solvency25.8%below the sector's middle half▲ 4.0pp30.5%below the sector's middle half▲ 4.6pp38.0%within the sector's middle half▲ 7.5pp49.9%within the sector's middle half▲ 11.9pp16.9%below the sector's middle half▼ 33.0pp
Current ratio0.51below the sector's middle half▼ 0.460.70below the sector's middle half▲ 0.191.04below the sector's middle half▲ 0.331.77within the sector's middle half▲ 0.730.48below the sector's middle half▼ 1.28
Return on assets (ROA)4.2%within the sector's middle half▼ 0.8pp4.6%within the sector's middle half▲ 0.5pp8.2%within the sector's middle half▲ 3.6pp12.0%within the sector's middle half▲ 3.8pp3.2%below the sector's middle half▼ 8.9pp
Staff (FTE)0.5below the sector's middle half=0.5below the sector's middle half=0.6below the sector's middle half▲ 20.0%0.6below the sector's middle half=0.6below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€2.2m ▲ 345%
Current assets
€207,658 ▲ 22.5%
Equity and liabilities €2.5m
Equity
€413,766 ▲ 23.0%
Debt
€2.0m ▲ 504%
Debt's share of the balance-sheet total rises from 50.1% to 83.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€162,497▼
2024 · €166,135
Cash flow
€116,851▼
2024 · €119,641
Debt to equity
4.93▲
2024 · 1.00
ROE
18.7%▼
2024 · 24.1%
Interest coverage
10.60▼
2024 · 13.76
Debt ≤ 1 year
€428,397▲
2024 · €95,931
Debt > 1 year
€1.6m▲
2024 · €242,032
Income taxes
€30,678▼
2024 · €34,886
Staff costs
€25,750▲
2024 · €25,730
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,508 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €18,205 | €20,470 | €24,120 | €25,730 | €25,750 | ▲ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,356 | €41,931 | €41,325 | €38,480 | €39,378 | ▲ 2.3% |
| Other operating charges640/8 | €6,928 | €7,918 | €8,405 | €4,791 | €5,743 | ▲ 19.9% |
| Gross operating margin9900 | €104,208 | €124,072 | €168,780 | €196,655 | €193,990 | ▼ 1.4% |
| Operating profit (loss)9901 | €43,719 | €53,753 | €94,930 | €127,655 | €123,119 | ▼ 3.6% |
| Financial income75/76B | €280 | €32 | €15 | €470 | €356 | ▼ 24.2% |
| Recurring financial income75 | €280 | €32 | €15 | €470 | €356 | ▼ 24.2% |
| Financial charges65/66B | €9,727 | €12,398 | €16,449 | €12,078 | €15,324 | ▲ 26.9% |
| Recurring financial charges65 | €9,727 | €12,398 | €16,449 | €12,078 | €15,324 | ▲ 26.9% |
| Profit (loss) for the period before taxes9903 | €34,272 | €41,386 | €78,496 | €116,047 | €108,151 | ▼ 6.8% |
| Income taxes67/77 | €7,057 | €10,992 | €23,097 | €34,886 | €30,678 | ▼ 12.1% |
| Profit (loss) for the period9904 | €27,215 | €30,394 | €55,399 | €81,161 | €77,473 | ▼ 4.5% |
| Profit (loss) for the period to be appropriated9905 | €27,215 | €30,394 | €55,399 | €81,161 | €77,473 | ▼ 4.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €655,110 | €655,440 | €671,693 | €674,257 | €2.5m | ▲ 264% |
| Fixed assets21/28 | €595,432 | €580,404 | €543,255 | €504,776 | €2.2m | ▲ 345% |
| Tangible fixed assets22/27 | €589,052 | €574,024 | €536,875 | €498,396 | €2.2m | ▲ 350% |
| Land and buildings22 | €542,835 | €527,686 | €496,750 | €467,234 | €2.1m | ▲ 355% |
| Plant, machinery and equipment23 | €12,639 | €12,118 | €13,528 | €10,628 | €9,950 | ▼ 6.4% |
| Furniture and vehicles24 | €13,117 | €16,011 | €10,640 | €6,829 | €3,304 | ▼ 51.6% |
| Other tangible fixed assets26 | €20,462 | €18,209 | €15,957 | €13,704 | €11,451 | ▼ 16.4% |
| Assets under construction and advance payments27 | - | - | - | - | €90,612 | - |
| Financial fixed assets28 | €6,380 | €6,380 | €6,380 | €6,380 | €5,980 | ▼ 6.3% |
| Current assets29/58 | €59,678 | €75,035 | €128,437 | €169,481 | €207,658 | ▲ 22.5% |
| Amounts receivable within one year40/41 | €9,474 | €8,169 | €38,357 | €73,484 | €95,564 | ▲ 30.0% |
| Trade receivables40 | €8,082 | €4,952 | €2,874 | €27,207 | €16,412 | ▼ 39.7% |
| Other amounts receivable41 | €1,392 | €3,217 | €35,484 | €46,277 | €79,152 | ▲ 71.0% |
| Cash at bank and in hand54/58 | €29,641 | €43,098 | €52,395 | €55,712 | €63,725 | ▲ 14.4% |
| Deferred charges and accrued income490/1 | €20,563 | €23,769 | €37,685 | €40,285 | €48,368 | ▲ 20.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €655,110 | €655,440 | €671,693 | €674,257 | €2.5m | ▲ 264% |
| Equity10/15 | €169,339 | €199,733 | €255,132 | €336,293 | €413,766 | ▲ 23.0% |
| Contributions10/11 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Reserves13 | €134,339 | €164,733 | €220,132 | €301,293 | €378,766 | ▲ 25.7% |
| Non-distributable reserves130/1 | €3,500 | €3,500 | €3,500 | €0 | - | - |
| Reserves not available under the articles1311 | €3,500 | €3,500 | €3,500 | €0 | - | - |
| Distributable reserves133 | €130,839 | €161,233 | €216,632 | €301,293 | €378,766 | ▲ 25.7% |
| Amounts payable17/49 | €485,771 | €455,706 | €416,561 | €337,964 | €2.0m | ▲ 504% |
| Amounts payable after more than one year17 | €368,968 | €348,775 | €292,190 | €242,032 | €1.6m | ▲ 565% |
| Financial debts170/4 | €368,968 | €348,775 | €292,190 | €242,032 | €1.6m | ▲ 565% |
| Amounts payable within one year42/48 | €116,803 | €106,856 | €123,980 | €95,931 | €428,397 | ▲ 347% |
| Current portion of amounts payable after more than one year42 | €62,869 | €59,263 | €51,766 | €46,616 | €59,227 | ▲ 27.1% |
| Financial debts43 | - | - | - | - | €306,667 | - |
| Credit institutions430/8 | - | - | - | - | €306,667 | - |
| Trade debts44 | €33,018 | €12,736 | €6,445 | €4,404 | €5,888 | ▲ 33.7% |
| Suppliers440/4 | €33,018 | €12,736 | €6,445 | €4,404 | €5,888 | ▲ 33.7% |
| Taxes, remuneration and social security45 | €20,793 | €34,260 | €65,176 | €44,675 | €54,856 | ▲ 22.8% |
| Taxes450/3 | €9,482 | €25,700 | €54,233 | €34,903 | €45,428 | ▲ 30.2% |
| Remuneration and social security454/9 | €11,310 | €8,560 | €10,943 | €9,772 | €9,428 | ▼ 3.5% |
| Other amounts payable47/48 | €124 | €598 | €593 | €236 | €1,759 | ▲ 646% |
| Accrued charges and deferred income492/3 | €0 | €75 | €391 | €0 | €1,240 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,215 | €30,394 | €55,399 | €81,161 | €77,473 | ▼ 4.5% |
| + Depreciation and write-downs630 | €35,356 | €41,931 | €41,325 | €38,480 | €39,378 | ▲ 2.3% |
| Operating cash flow (approximation) | €62,571 | €72,325 | €96,724 | €119,641 | €116,851 | ▼ 2.3% |
| Investment in fixed assets (approximation) | - | -€26,903 | -€4,177 | €0 | -€1.8m | - |
| Change in cash | - | €13,457 | €9,297 | €3,318 | €8,013 | ▲ 142% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
State Gazette act
Registered officeRegistered-office move · Director in office3 facts ▸
State Gazette act
Registered office
Registered-office move · Director in office3 facts ▸
- Registered-office move, Hasseltweg 308 te 3600 Genk
- Director in office, de Bellefroid Dimitri (director)
- Director in office, Jespers Gertjan (director)
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €81,161 ▲46.5%
Operating result €127,655, net result €81,161, both a record.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
31-12
Financial
Equity above €200,000Eq €255,132 ▲27.7%
6 profitable years in a row build equity to €255,132.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €150,000Eq €169,339 ▲19.1%
4 profitable years in a row build equity to €169,339.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Equity above €100,000Eq €110,093 ▲69.8%
2 profitable years in a row build equity to €110,093.
Show earlier events
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 1 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Genk · 2 establishment units since 2013
Ground area
6,934 m²
Building footprint
1,465 m²
Volume, LiDAR
6,679 m³
2 parcels, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
A'SPECT
since 20132.216.879.669
A'SPECT
since 20162.258.175.440
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71306G0221/00V133 | Flanders | 4,396 m² | 1 · 1,465 m² | 9.6 m · 1 fl. |
| 71022H0730/00M000 | Flanders | 2,539 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2025 annual accounts of A'SPECT 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
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 4,965 EUR awarded · 4,815 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,774 EUR | 2,764 EUR |
| 2024 | 1 | 1,146 EUR | 156 EUR |
| 2023 | 1 | 1,063 EUR | 1,234 EUR |
| 2022 | 1 | 982 EUR | 661 EUR |
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Company details
Identification
Legal formPrivate limited company
Founded12-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0509956219
Registered
28-07-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.