Advanced Spring Technology
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 10-07-2026 at the NBB all 16 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 0% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of furniture (NACE 31). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as Advanced Spring Technology: manufacture of furniture (NACE 31003). They are comparable in size and age: total assets between €89,000 and €242,000, founded between 1981 and 2021.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| Advanced Spring Technology Antwerpen | 2009 | €30,954 | -€15,617 | €28,787 | €47,500 | €28,154 | 2025 |
| JODORMO Bree | 2014 | €89,008 | €40,946 | €19,460 | - | €3,515 | 2025 |
| Matrassen Beeckman Aalst | 1992 | €242,072 | €225,958 | €35,589 | - | €20,341 | 2025 |
| ATLAS GMBH Eupen | 1981 | €173,706 | -€213,827 | €26,124 | - | €939 | 2025 |
| ARTMEDIA SIGN Gent | 2013 | €119,756 | -€76,486 | -€27,605 | - | -€32,535 | 2024 |
| DE SLAAPMAKER Tongeren-Borgloon | 2021 | €119,117 | €112,753 | €36,969 | - | €24,243 | 2025 |
| SLEEP LAB Pelt | 2021 | €108,711 | €55,143 | €6,090 | - | €5,158 | 2025 |
They were chosen from the 40 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 3,632 companies had the same profile as Advanced Spring Technology has now. Two years later, 2.9% had gone bankrupt and 91.9% were still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Advanced Spring Technology itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,632 companies, not a prediction for Advanced Spring Technology. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €48,627 | €12,611 | €1,306 | €2,372 | - | - | €30,000 | €47,500 | ▲ 58.3% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1,243 | €1,243 | €1,681 | - | €18,713 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,236 | €9,236 | €9,236 | €9,520 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1,812 | €577 | €241 | €671 | €633 | ▼ 5.7% |
| Gross operating margin9900 | €16,673 | €4,692 | €15 | €1,129 | -€1,243 | -€1,681 | €28,790 | €28,787 | = |
| Operating profit (loss)9901 | -€9,592 | -€7,228 | -€9,440 | -€10,203 | -€1,820 | -€1,922 | €28,119 | €28,154 | ▲ 0.1% |
| Financial charges65/66B | - | - | - | - | - | - | €27 | - | - |
| Recurring financial charges65 | €547 | - | - | - | - | - | €27 | - | - |
| Profit (loss) for the period before taxes9903 | -€53,039 | -€10,653 | -€9,440 | -€10,203 | -€1,820 | -€1,922 | €28,092 | €28,154 | ▲ 0.2% |
| Profit (loss) for the period9904 | -€53,039 | -€10,653 | -€9,440 | -€10,203 | -€1,820 | -€1,922 | €28,092 | €28,154 | ▲ 0.2% |
| Profit (loss) for the period to be appropriated9905 | -€53,039 | -€10,653 | -€9,440 | -€10,203 | -€1,820 | -€1,922 | €28,092 | €28,154 | ▲ 0.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €330,326 | €63,740 | €41,191 | €18,987 | €5,167 | €4,007 | €34,244 | €30,954 | ▼ 9.6% |
| Fixed assets21/28 | €27,992 | €18,756 | €9,520 | - | - | - | - | - | - |
| Intangible fixed assets21 | €27,992 | €18,756 | €9,520 | - | - | - | - | - | - |
| Current assets29/58 | €302,334 | €44,984 | €31,671 | €18,987 | €5,167 | €4,007 | €34,244 | €30,954 | ▼ 9.6% |
| Amounts receivable within one year40/41 | €2,482 | €44,914 | €31,665 | €18,922 | €5,159 | €4,006 | €34,233 | €30,945 | ▼ 9.6% |
| Trade receivables40 | - | - | - | - | - | - | €30,000 | €30,000 | = |
| Other amounts receivable41 | - | - | - | €18,922 | €5,159 | €4,006 | €4,233 | €945 | ▼ 77.7% |
| Current investments50/53 | - | - | - | - | - | - | - | €9 | - |
| Cash at bank and in hand54/58 | €14 | €70 | €6 | €65 | €8 | €1 | €11 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €330,326 | €63,740 | €41,191 | €18,987 | €5,167 | €4,007 | €34,244 | €30,954 | ▼ 9.6% |
| Equity10/15 | -€37,825 | -€48,478 | -€57,918 | -€68,121 | -€69,941 | -€71,863 | -€43,771 | -€15,617 | ▲ 64.3% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | - | - |
| Issued capital100 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | - | - |
| Profit (loss) carried forward14 | -€99,325 | -€109,978 | -€119,418 | -€129,621 | -€131,441 | -€133,363 | -€105,271 | -€77,117 | ▲ 26.7% |
| Amounts payable17/49 | €368,151 | €112,218 | €99,109 | €87,108 | €75,108 | €75,870 | €78,015 | €46,571 | ▼ 40.3% |
| Amounts payable after more than one year17 | €300,000 | - | - | - | - | €60,652 | €77,797 | €44,123 | ▼ 43.3% |
| Financial debts170/4 | - | - | - | - | - | €60,652 | €77,797 | €44,123 | ▼ 43.3% |
| Amounts payable within one year42/48 | €68,151 | €112,218 | €99,109 | €87,108 | €75,108 | €15,218 | €218 | €218 | = |
| Financial debts43 | - | - | - | €44,892 | €44,891 | - | - | - | - |
| Other loans439 | - | - | - | €44,892 | €44,891 | - | - | - | - |
| Trade debts44 | €68,151 | €67,326 | €54,217 | €42,216 | €30,217 | €15,218 | €218 | €218 | = |
| Suppliers440/4 | - | - | - | €42,216 | €30,217 | €15,218 | €218 | €218 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €2,230 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€53,039 | -€10,653 | -€9,440 | -€10,203 | -€1,820 | -€1,922 | €28,092 | €28,154 | ▲ 0.2% |
| + Depreciation and write-downs630 | €9,236 | €9,236 | €9,236 | €9,520 | - | - | - | - | - |
| Operating cash flow (approximation) | -€43,803 | -€1,417 | -€204 | -€683 | -€1,820 | -€1,922 | €28,092 | €28,154 | ▲ 0.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - | - | - | - |
| Change in cash | - | €56 | -€64 | €59 | -€57 | -€7 | €10 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 10-07-2026 | 2026-00292735 | NBB |
| 31-12-2024 | abbreviated format | 10-08-2025 | 2025-00372282 | |
| 31-12-2023 | abbreviated format | 29-07-2024 | 2024-00325310 | |
| 31-12-2022 | abbreviated format | 13-08-2023 | 2023-00335714 | |
| 31-12-2021 | abbreviated format | 24-07-2022 | 2022-20226421 | |
| 31-12-2020 | micro format | 21-07-2021 | 2021-39100220 | |
| 31-12-2019 | abbreviated format | 04-07-2020 | 2020-27300032 | |
| 31-12-2018 | abbreviated format | 26-07-2019 | 2019-39300587 | |
| 31-12-2017 | abbreviated format | 27-07-2018 | 2018-39000091 | |
| 31-12-2016 | abbreviated format | 23-07-2017 | 2017-35100584 |