ASHTAR
ActiveASHTAR has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €347k and a net result of €34k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 89% of 17964 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
88
/ 100
Excellent▼ -12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▼-9
Solvency100=
Growth73▼-3
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 8.57 against 3.71 in 2024), and 16.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
83.1%
Return on assets
8.3%
Age of the figures
14 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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1.22M▼ 3.5%
2024 · €1.26M
2019: €727k
2020: €926k
2021: €1.10M
2022: €1.05M
2023: €1.13M
2024: €1.26M
2019 → 2025
EBIT margin
3.9%▼ 0.6pp
2024 · 4.5%
2019: -4.9%
2020: 4.9%
2021: 10.7%
2022: 5.1%
2023: 2.1%
2024: 4.5%
2019 → 2025
Net result
€34k▼ 22.5%
2024 · €44k
2019: €-36k
2020: €45k
2021: €93k
2022: €40k
2023: €19k
2024: €44k
2019 → 2025
Working capital
€320k▲ 14.6%
2024 · €279k
2019: €62k
2020: €125k
2021: €232k
2022: €254k
2023: €238k
2024: €279k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.10M-€1.05M▼ 4.2%€1.13M▲ 7.9%€1.26M▲ 11.4%€1.22M▼ 3.5%
Equity€209k-€249k▲ 19.3%€268k▲ 7.6%€312k▲ 16.6%€347k▲ 11.0%
Operating result€117k-€54k▼ 54.1%€24k▼ 55.5%€57k▲ 137%€47k▼ 16.9%
Net result€93k-€40k▼ 56.8%€19k▼ 53.0%€44k▲ 135%€34k▼ 22.5%
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 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €417k
Fixed assets
€55k▲ 1.2%
Current assets
€362k▼ 5.3%
Equity and liabilities €417k
Equity
€347k▲ 11.0%
Debt
€71k▼ 43.3%
The debt ratio falls from 28.5% to 16.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€58k▼
2024 · €67k
Cash flow
€45k▼
2024 · €54k
Solvency
83.1%▲
2024 · 71.5%
Current ratio
8.57▲
2024 · 3.71
Quick ratio
7.65▲
2024 · 3.34
Debt / equity
0.20▼
2024 · 0.40
ROE
9.9%▼
2024 · 14.2%
ROA
8.3%▼
2024 · 10.2%
Interest coverage
14.99▼
2024 · 79.80
Debt
€71k▼
2024 · €124k
Debt ≤ 1 year
€42k▼
2024 · €103k
Income taxes
€13k▼
2024 · €13k
Staff costs
€63k▼
2024 · €68k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€437k€417k▼
Fixed assets21/28€55k€55k▲
Tangible fixed assets22/27€55k€55k▲
Plant, machinery and equipment23€4k€13k▲
Furniture and vehicles24€35k€29k▼
Other tangible fixed assets26€15k€14k▼
Current assets29/58€382k€362k▼
Stocks and contracts in progress3€38k€39k▲
Stocks30/36€38k€39k▲
Amounts receivable within one year40/41€162k€151k▼
Trade receivables40€128k€75k▼
Other amounts receivable41€34k€76k▲
Cash at bank and in hand54/58€179k€169k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€437k€417k▼
Equity10/15€312k€347k▲
Contributions10/11€60k€60k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Profit (loss) carried forward14€246k€281k▲
Amounts payable17/49€124k€71k▼
Amounts payable within one year42/48€103k€42k▼
Current portion of amounts payable after more than one year42€14k-
Trade debts44€32k€5k▼
Suppliers440/4€32k€5k▼
Taxes, remuneration and social security45€57k€37k▼
Taxes450/3€29k€22k▼
Remuneration and social security454/9€28k€15k▼
Other amounts payable47/48€70€70=
Accrued charges and deferred income492/3€21k€28k▲
Income statement
Code20242025
Turnover70€1.26M€1.22M▼
Goods, raw materials, services and sundry goods60/61€1.13M€1.09M▼
Remuneration, social security and pensions62€68k€63k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Other operating charges640/8€9k€16k▲
Gross operating margin9900€143k€137k▼
Operating profit (loss)9901€57k€47k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€834€4k▲
Recurring financial charges65€834€4k▲
Profit (loss) for the period before taxes9903€58k€47k▼
Income taxes67/77€13k€13k▼
Profit (loss) for the period9904€44k€34k▼
Profit (loss) for the period to be appropriated9905€44k€34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€246k€281k▲
Profit (loss) brought forward from the previous period14P€202k€246k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Liquidity doublescurrent ratio 8.57
Current ratio from 3.71 to 8.57; short-term debt falls from €103k to €42k.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €93k ▲108%
Operating result €117k, net result €93k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 6.95
Current ratio from 2.88 to 6.95; short-term debt falls from €67k to €39k.
30-06
Financial
Equity above €200kEq €209k ▲80.5%
2 profitable years in a row build equity to €209k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
30-06
Financial
Equity above €100kEq €116k ▲63.3%
Equity rises from €71k to €116k.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Mechelen · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Keldermansvest 802800 MechelenGround area
634 m²
Building footprint
629 m²
Volume, LiDAR
5,540 m³
Parcel 12402B0236/00Y003, Flanders · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ASHTAR BVBA
since 20112.199.645.244
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0236/00Y003 | Flanders | 634 m² | 1 · 629 m² | 14.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMechelen2.199.645.244
Similar companies · same sector, comparable size
De Ruisbroekmolen
BE 0546.820.474
Bierbeek · Eq €346k
MOORSEL RETAIL
BE 0875.955.134
Dilsen-Stokkem · Eq €346k
BASTIJNS SINAAI
BE 0676.423.362
Sint-Niklaas · Eq €347k
ON Ingredients
BE 0769.669.363
Antwerpen · Eq €347k
SILVERSHOP
BE 0882.383.858
Nieuwpoort · Eq €346k
Of 10,411 companies in sector 47110 we hold annual accounts for 5,786. 3,586 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-05-2011
Fiscal year end30-06
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47210Retail sale of fruit and vegetables
47114Supermarkets
47271Retail trade
47279Other retail sale of food
47291Retail trade
47299Retail trade
47540Retail sale of electrical household appliances
47553Retail trade
47593Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.