A.STROWEL
ActiveSummary
A.STROWEL has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20,303 and a net result of €27,499. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 15371 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency71▲+71
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.65 against 0.37 in 2023; short-term debt: 50.7% and cash: 20.4% of total assets), but 54.2% 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
45.8%
Return on assets
62%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 153 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 28-03-2025, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
33 d early
2023
40 d early
2022
33 d early
2021
3 d early
2020
38 d early
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€20,303
2023 · -€7,197
Total assets
€44,330▲ 109%
2023 · €21,196
Net result
€27,499▼ 36.7%
2023 · €43,431
Working capital
€14,651
2023 · -€17,808
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 69, Legal and accounting 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€12,775▼ 48.1%-€27,510▼ 115%€11,902€47,854▲ 302%€38,671▼ 19.2%
Net result-€13,449below the sector's middle half▼ 53.8%-€27,461below the sector's middle half▼ 104%€11,523within the sector's middle half€43,431within the sector's middle half▲ 277%€27,499within the sector's middle half▼ 36.7%
Equity-€34,689below the sector's middle half▼ 63.3%-€62,151below the sector's middle half▼ 79.2%-€50,919below the sector's middle half▲ 18.1%-€7,197below the sector's middle half▲ 85.9%€20,303below the sector's middle half
Total assets€15,291below the sector's middle half▼ 42.8%€5,669below the sector's middle half▼ 62.9%€27,974below the sector's middle half▲ 393%€21,196below the sector's middle half▼ 24.2%€44,330below the sector's middle half▲ 109%
Debt€49,980▲ 4.2%€67,819▲ 35.7%€78,893▲ 16.3%€28,393▼ 64.0%€24,027▼ 15.4%
Working capital-€35,764below the sector's middle half▼ 28.0%-€62,450below the sector's middle half▼ 74.6%-€58,598below the sector's middle half▲ 6.2%-€17,808below the sector's middle half▲ 69.6%€14,651within the sector's middle half
Solvency-226.9%below the sector's middle half▼ 147.3pp-182.0%below the sector's middle half-34.0%below the sector's middle half▲ 148.1pp45.8%within the sector's middle half▲ 79.8pp
Current ratio0.28below the sector's middle half▼ 0.130.08below the sector's middle half▼ 0.210.26below the sector's middle half▲ 0.180.37below the sector's middle half▲ 0.121.65within the sector's middle half▲ 1.28
Return on assets (ROA)-88.0%below the sector's middle half▼ 55.2pp-484.4%below the sector's middle half▼ 396.5pp41.2%above the sector's middle half▲ 525.6pp204.9%above the sector's middle half▲ 163.7pp62.0%above the sector's middle half▼ 142.9pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €44,330
Fixed assets
€7,201 ▼ 32.1%
Current assets
€37,129 ▲ 251%
Equity and liabilities €44,330
Equity
€20,303
Debt
€24,027
Debt finances 54.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€42,082▼
2023 · €50,819
Cash flow
€30,910▼
2023 · €46,396
Debt to equity
1.18▲
2023 · -3.95
ROE
135.4%
Interest coverage
165.76▼
2023 · 489.02
Debt ≤ 1 year
€22,478▼
2023 · €28,393
Income taxes
€10,923▲
2023 · €4,320
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
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 31,371 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,626 | €775 | €1,463 | €2,965 | €3,411 | ▲ 15.0% |
| Other operating charges640/8 | - | €8,188 | €1,216 | - | €384 | - |
| Gross operating margin9900 | -€5,875 | -€18,547 | €14,581 | €50,819 | €42,467 | ▼ 16.4% |
| Operating profit (loss)9901 | -€12,775 | -€27,510 | €11,902 | €47,854 | €38,671 | ▼ 19.2% |
| Financial income75/76B | - | - | - | €1 | €5 | ▲ 725% |
| Recurring financial income75 | €2 | - | - | €1 | €5 | ▲ 725% |
| Financial charges65/66B | - | €184 | €99 | €104 | €254 | ▲ 144% |
| Recurring financial charges65 | €100 | €184 | €99 | €104 | €254 | ▲ 144% |
| Profit (loss) for the period before taxes9903 | -€12,873 | -€27,694 | €11,803 | €47,751 | €38,422 | ▼ 19.5% |
| Income taxes67/77 | €577 | -€233 | €280 | €4,320 | €10,923 | ▲ 153% |
| Profit (loss) for the period9904 | -€13,449 | -€27,461 | €11,523 | €43,431 | €27,499 | ▼ 36.7% |
| Profit (loss) for the period to be appropriated9905 | -€13,449 | -€27,461 | €11,523 | €43,431 | €27,499 | ▼ 36.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,291 | €5,669 | €27,974 | €21,196 | €44,330 | ▲ 109% |
| Fixed assets21/28 | €1,074 | €299 | €7,679 | €10,612 | €7,201 | ▼ 32.1% |
| Tangible fixed assets22/27 | €1,074 | €299 | €7,679 | €10,612 | €7,201 | ▼ 32.1% |
| Plant, machinery and equipment23 | - | €299 | €2,012 | €3,749 | €3,012 | ▼ 19.7% |
| Furniture and vehicles24 | - | - | €5,667 | €6,863 | €4,189 | ▼ 39.0% |
| Current assets29/58 | €14,217 | €5,370 | €20,295 | €10,584 | €37,129 | ▲ 251% |
| Amounts receivable within one year40/41 | €12,939 | €3,341 | - | - | €26,896 | - |
| Other amounts receivable41 | - | €3,341 | - | - | €26,896 | - |
| Current investments50/53 | €5 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €58 | €516 | €19,127 | €9,417 | €9,065 | ▼ 3.7% |
| Deferred charges and accrued income490/1 | - | €1,513 | €1,168 | €1,168 | €1,169 | ▲ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,291 | €5,669 | €27,974 | €21,196 | €44,330 | ▲ 109% |
| Equity10/15 | -€34,689 | -€62,151 | -€50,919 | -€7,197 | €20,303 | ▲ 382% |
| Contributions10/11 | €18,600 | €18,600 | €18,308 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,308 | - | - | - |
| Issued capital100 | - | €18,600 | €18,308 | - | - | - |
| Outside capital11 | - | - | - | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€55,149 | -€82,611 | -€71,087 | -€27,657 | -€157 | ▲ 99.4% |
| Amounts payable17/49 | €49,980 | €67,819 | €78,893 | €28,393 | €24,027 | ▼ 15.4% |
| Amounts payable within one year42/48 | €49,980 | €67,819 | €78,893 | €28,393 | €22,478 | ▼ 20.8% |
| Trade debts44 | €761 | €3,344 | €4,456 | €2,790 | €8,957 | ▲ 221% |
| Suppliers440/4 | - | €3,344 | €4,456 | €2,790 | €8,957 | ▲ 221% |
| Advances received on contracts in progress46 | - | - | - | €10,174 | - | - |
| Taxes, remuneration and social security45 | - | - | €3,053 | €5,458 | €13,521 | ▲ 148% |
| Taxes450/3 | - | - | €3,053 | €5,458 | €13,521 | ▲ 148% |
| Other amounts payable47/48 | - | €64,476 | €71,384 | €9,971 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,550 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,449 | -€27,461 | €11,523 | €43,431 | €27,499 | ▼ 36.7% |
| + Depreciation and write-downs630 | €5,626 | €775 | €1,463 | €2,965 | €3,411 | ▲ 15.0% |
| Operating cash flow (approximation) | -€7,824 | -€26,686 | €12,986 | €46,396 | €30,910 | ▼ 33.4% |
| Investment in fixed assets (approximation) | - | €0 | -€8,842 | -€5,898 | €0 | ▲ 100% |
| Change in cash | - | €458 | €18,611 | -€9,711 | -€352 | ▲ 96.4% |
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
2025
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity quadruplescurrent ratio 1.65
Current ratio from 0.37 to 1.65; short-term debt falls from €28,393 to €22,478.
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €43,431 ▲277%
Operating result €47,854, net result €43,431, both a record.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €11,523
Net result €11,523 after 4 loss-making years.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€27,461
Net result drops to -€27,461, the lowest in the series; recovery starts the following year.
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
24-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde
Ground area
347 m²
Building footprint
86 m²
Volume, LiDAR
707 m³
Parcel 21017D0241/00R000, Brussels · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0241/00R000 | Brussels | 347 m² | 1 · 86 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,075 companies in sector 69101 we hold annual accounts for 9,061. 6,165 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-08-2003
Fiscal year end30-09
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860227969
Also
9925:BE0860227969
Registered
03-12-2025
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.