Equity
ASATECH has made a profit in every financial year since 2022.
ASATECH has made a profit in every financial year since 2022.
The micro format states no turnover.
Short-term debts fell from €41,812 to €24,287.
The last four annual accounts were filed 0 to 37 days before the end of the period.
Higher solvency than 93% of companies in repair and installation of machinery. Sector median 45.4% · 1,697 companies.
The dashed line is the sector median: 0.7% across 2,397 companies (NACE 33, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 33, micro). It does better than 91% of them on solvency, 96% on liquidity, 53% on profitability and 53% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 26,972 companies had the same profile as ASATECH has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ASATECH itself is lower: 0.1% within 12 months. It rests on far more data about ASATECH than the profile alone.
The method was tested on the 497,447 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 26,972 companies, not a prediction for ASATECH. 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.
Liquidity is ample, with a current ratio of 8.46 (4.83 in 2024), above the usual 1.5. Short-term debt is 10.6% and cash 67% of total assets. 10.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 10 days before the deadline. In the sector (NACE 33), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ASATECH Maasmechelen | €229,063 | €39,591 | 89.4% | - |
| VEGANSA Wevelgem | €230,276 | €41,859 | 51.5% | - |
| MATEC E&A Zonhoven | €160,562 | €46,729 | 51.0% | - |
| RIDGE ENERGY Wevelgem | €184,324 | €51,086 | 81.8% | - |
| Elektra2move Perwez | €194,983 | €56,691 | 9.0% | - |
| P Charge Belgium Schoten | €165,917 | €28,943 | 22.3% | - |
| TMS Industrial Services Wallonie Herstal | €256,492 | €26,168 | -60.7% | - |
These companies have the same main activity as ASATECH: installation of industrial machinery and equipment (NACE 33200). They are comparable in size and age: total assets between €161,000 and €256,000, founded between 2020 and 2022.
ASATECH files the micro format. That format states no turnover. The gross margin fell from €142,593 in 2022 to €39,591 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €96,000 and €290,000.
Higher than 93% of 1,697 companies in 2025.
Higher than 92% of 1,659 companies in 2025.
Higher than 45% of 1,664 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
229,063 | 233,807 | 166,972 | 188,490 | |
20 |
250 | 634 | 1,019 | 1,404 | |
21/28 |
23,353 | 31,185 | 43,658 | 55,354 | |
21 |
2,300 | - | - | - | |
22/27 |
21,053 | 31,185 | 43,658 | 55,354 | |
22 |
5,557 | 6,707 | 7,857 | 7,024 | |
23 |
362 | 776 | 1,191 | 1,606 | |
24 |
15,135 | 23,702 | 34,610 | 46,724 | |
29/58 |
205,460 | 201,987 | 122,294 | 131,732 | |
3 |
135 | 115 | 115 | 95 | |
30/36 |
135 | 115 | 115 | 95 | |
40/41 |
51,061 | 28,195 | 25,267 | 19,657 | |
40 |
39,110 | 28,195 | 20,834 | 19,657 | |
41 |
11,951 | - | 4,434 | - | |
54/58 |
153,437 | 172,470 | 95,783 | 110,989 | |
490/1 |
827 | 1,208 | 1,129 | 991 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
229,063 | 233,807 | 166,972 | 188,490 | |
10/15 |
204,776 | 183,598 | 126,218 | 107,658 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
13 |
201,776 | 180,598 | 123,218 | 104,658 | |
133 |
201,776 | 180,598 | 123,218 | 104,658 | |
17/49 |
24,287 | 50,209 | 40,754 | 80,832 | |
17 |
- | 8,398 | 18,014 | 27,147 | |
170/4 |
- | 8,398 | 18,014 | 27,147 | |
42/48 |
24,287 | 41,812 | 22,740 | 53,617 | |
42 |
8,398 | 9,616 | 9,134 | 8,682 | |
44 |
11,337 | 7,024 | 6,071 | 2,508 | |
440/4 |
11,337 | 7,024 | 6,071 | 2,508 | |
45 |
3,946 | 24,896 | 7,536 | 30,421 | |
450/3 |
- | 21,063 | 5,790 | 28,151 | |
454/9 |
3,946 | 3,833 | 1,746 | 2,269 | |
47/48 |
607 | 276 | - | 12,006 | |
492/3 |
- | - | - | 68 | |
| Income statement | |||||
9900 |
39,591 | 92,047 | 41,034 | 142,593 | |
630 |
10,987 | 12,858 | 13,830 | 8,681 | |
640/8 |
724 | 858 | 787 | 1,034 | |
9901 |
27,880 | 78,331 | 26,416 | 132,878 | |
75/76B |
21 | - | 21 | - | |
75 |
21 | - | 21 | - | |
65/66B |
941 | 1,351 | 1,786 | 825 | |
65 |
941 | 1,351 | 1,786 | 825 | |
9903 |
26,960 | 76,980 | 24,651 | 132,052 | |
67/77 |
5,781 | 19,601 | 6,090 | 27,395 | |
9904 |
21,178 | 57,379 | 18,561 | 104,658 | |
9905 |
21,178 | 57,379 | 18,561 | 104,658 | |
| Appropriation of the result | |||||
9906 |
21,178 | 57,379 | 18,561 | 104,658 | |
691/2 |
21,178 | 57,379 | 18,561 | 104,658 | |
6921 |
21,178 | 57,379 | 18,561 | 104,658 | |
| Document | |||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 24-03-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 38,867 | 91,189 | 40,247 | 141,559 | ||
| 32,165 | 70,238 | 32,391 | 113,339 | ||
| 2,770 | 385 | 1,750 | 63,515 | ||
| -19,033 | 76,687 | -15,206 | - | ||
| 181,174 | 160,176 | 99,554 | 78,115 | ||
| 89.4% | 78.5% | 75.6% | 57.1% | ||
| 8.46 | 4.83 | 5.38 | 2.46 | ||
| 8.45 | 4.83 | 5.37 | 2.46 | ||
| 0.12 | 0.27 | 0.32 | 0.75 | ||
| 10.3% | 31.3% | 14.7% | 97.2% | ||
| 9.2% | 24.5% | 11.1% | 55.5% | ||
| 41.29 | 67.50 | 22.53 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Debts guaranteed by Belgian public bodies | €8,398 | €18,014 | €27,147 | €35,829 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,750 | €63,515 |
| Intangible fixed assets | €2,770 | - | - | - |
| €10,987 | €12,858 | €13,830 | €8,681 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 64% lower than in 2024.
Debt's share of the balance-sheet total falls from 21.5% to 10.6%. Equity is higher and debt is lower.
ASATECH has no parent and no holdings in its annual accounts. ASATECH shares no director with another company.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Natiënlaan 11 registered office 3630 Maasmechelen | 27-05-2021 | 2.317.954.956 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 73013C0697/00A000 | 810 m² | 1 · 160 m² | 9.6 m · 1 |
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