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Advanced Spring Technology

Active
Public limited companyfounded 2009active for 16 yearsBrusselstraat 51, 2018 Antwerpen, Belgium237 active companies are registered at this addressKBO/BCE: BE 0821.705.410
Summary

Advanced Spring Technology has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€15,617) and a net result of €28,154. Equity is shrinking by about 3.5% per year across the filed financial years. Its solvency ranks better than 7% of 282 sector peers (NACE 31, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Manufacture of furniture
NACE 31003
2 sites
Size
€47,500turnover 2025
Equity
-€15,617
Profit
€28,154
Financial health
57 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Largest shareholder
IMHOLD · 25.1%
Accounts 21 days early0 of 4 deeds read
Why 57raises riskCapped at 59: negative equityNegative equity -€15,617Liquidity: current ratio 141.99lowers riskSize: turnover €47,500, total assets €30,954Founded in 2009Show the evidence

Checked score

Score 2025
57 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 73% of its sector peers (NACE 31, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 0=
equity -50.5% of total assets
Liquidity 100+50
short-term debt 0.7%
Profitability 100=
return on assets 91.0%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (829 companies, NACE 31, micro)
Last 24 months 11-2024: 1.5% 12-2024: 1.5%● unchanged vs 11-2024 01-2025: 1.5%● unchanged vs 12-2024 02-2025: 1.5%● unchanged vs 01-2025 03-2025: 1.5%● unchanged vs 02-2025 04-2025: 1.5%● unchanged vs 03-2025 05-2025: 1.4%▼ -0.1 percentage points vs 04-2025 06-2025: 1.4%● unchanged vs 05-2025 07-2025: 1.6%▲ +0.2 percentage points vs 06-2025 08-2025: 2.0%▲ +0.4 percentage points vs 07-2025highest value 09-2025: 1.1%▼ -0.9 percentage points vs 08-2025 10-2025: 1.1%● unchanged vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.1%● unchanged vs 12-2025 02-2026: 1.1%● unchanged vs 01-2026 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.2%▲ +0.1 percentage points vs 03-2026 05-2026: 1.1%▼ -0.1 percentage points vs 04-2026 06-2026: 1.0%▼ -0.1 percentage points vs 05-2026 07-2026: 1.1%▲ +0.1 percentage points vs 06-2026 08-2026: 0.9%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 0.9%● unchanged vs 08-2026 10-2026: 0.9%● unchanged vs 09-2026
No credit on open account
short-term debt: 0.7% of total assets, and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 31, micro): better than 6% on solvency, 98% on liquidity, 95% on profitability and 94% on growth.

The bankruptcy probability was computed on 15-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: turnover €47,500, total assets €30,954
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 2009
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Negative equity -€15,617
NBB · annual accounts
raises risk · Liquidity: current ratio 141.99
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 282 sector peers (2025).
NBB · sector comparison
Position among 282 sector peers
Solvency
better than 7%
← 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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 days early
2024
10 days late
2023
2 days early
2022
13 days late
2021
7 days early
2020
10 days early
2019
27 days early
← 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 6 days before the deadline; the sector median (NACE 31) for financial year 2024 is 7 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
16-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Highest result from 2018 to 2025net €28,154 ▲0.2%
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€15,617 View
  • Caution: Among the weakest 7% on solvencysector median 38.7% · 282 companies -50.5% View
  • Turnover 20254 financial years filed €47,500 View

By topic

Financials

Financial year
2025
Turnover
€47,500
Profit
€28,154
Solvency
-50.5%
Turnover▲ 58.3%
Net result
20182025
Go to Financials

Timeline

Events
19
Since
2011
Next accounts
by 31-07-2027
  1. 31-12-2024Back to profit
  2. 31-12-2024Liquidity more than 596 times
  3. 29-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of furnitureNACE 31003
Founded
22-12-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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