ASPAVA
ActiveSummary
The computed 12-month bankruptcy probability of ASPAVA is 2.0% (moderate). The 2025 annual accounts show equity of €9k and a net result of €6k. Equity is growing by ~109.2% per year across the filed fiscal years. Its solvency ranks better than 37% of 1909 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability96▼-4
Solvency58▲+13
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 0.86 in 2024; short-term debt: 66.6% and cash: 10.4% of total assets), and 66.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Turnover
€61k
EBIT margin
18.8%
Net result
€6k▼ 43.9%
2024 · €11k
Working capital
€6k
2024 · €-2k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Turnover€61k
Operating result€-9k-€11k€8k▼ 30.8%
Net result€-9k-€11k€6k▼ 43.9%
EBIT margin18.8%
Equity€-8k-€3k€9k▲ 197%
Total assets€5k-€16k▲ 195%€27k▲ 74.6%
Debt€13k-€13k▼ 3.5%€18k▲ 44.7%
Working capital€-11k-€-2k▲ 83.0%€6k
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 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27k
Fixed assets
€3k ▼ 39.3%
Current assets
€24k ▲ 126%
Equity and liabilities €27k
Equity
€9k ▲ 197%
Debt
€18k ▲ 44.7%
Debt's share of the balance-sheet total falls from 80.4% to 66.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11k▼
2024 · €13k
Cash flow
€9k▼
2024 · €13k
Current ratio
1.34▲
2024 · 0.86
Debt to equity
1.99▼
2024 · 4.09
ROE
66.3%▼
2024 · 351.0%
ROA
22.2%▼
2024 · 69.0%
Interest coverage
53.35▼
2024 · 100.21
Debt ≤ 1 year
€18k▲
2024 · €13k
Income taxes
€2k▲
2024 · €517
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | - | €61k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €50k | - | - |
| Remuneration, social security and pensions62 | €18k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €3k | ▲ 34.8% |
| Other operating charges640/8 | €809 | €1k | €529 | ▼ 56.1% |
| Gross operating margin9900 | €13k | €15k | €11k | ▼ 23.6% |
| Operating profit (loss)9901 | €-9k | €11k | €8k | ▼ 30.8% |
| Financial income75/76B | €9 | €15 | €1 | ▼ 92.9% |
| Recurring financial income75 | €9 | €15 | €1 | ▼ 92.9% |
| Financial charges65/66B | €157 | €135 | €200 | ▲ 48.9% |
| Recurring financial charges65 | €157 | €135 | €200 | ▲ 48.9% |
| Profit (loss) for the period before taxes9903 | €-9k | €11k | €8k | ▼ 31.8% |
| Income taxes67/77 | - | €517 | €2k | ▲ 219% |
| Profit (loss) for the period9904 | €-9k | €11k | €6k | ▼ 43.9% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €11k | €6k | ▼ 43.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €5k | €16k | €27k | ▲ 74.6% |
| Formation expenses20 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €3k | €5k | €3k | ▼ 39.3% |
| Tangible fixed assets22/27 | €3k | €5k | €3k | ▼ 39.3% |
| Plant, machinery and equipment23 | €833 | €1k | €427 | ▼ 64.1% |
| Furniture and vehicles24 | €2k | €4k | €3k | ▼ 31.4% |
| Current assets29/58 | €2k | €11k | €24k | ▲ 126% |
| Amounts receivable within one year40/41 | €852 | €9k | €21k | ▲ 129% |
| Trade receivables40 | - | €0 | €18k | - |
| Other amounts receivable41 | €852 | €9k | €3k | ▼ 68.1% |
| Cash at bank and in hand54/58 | €2k | €1k | €3k | ▲ 109% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €5k | €16k | €27k | ▲ 74.6% |
| Equity10/15 | €-8k | €3k | €9k | ▲ 197% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Capital10 | €1k | - | - | - |
| Issued capital100 | €1k | - | - | - |
| Profit (loss) carried forward14 | €-9k | €2k | €8k | ▲ 292% |
| Amounts payable17/49 | €13k | €13k | €18k | ▲ 44.7% |
| Amounts payable within one year42/48 | €13k | €13k | €18k | ▲ 44.7% |
| Trade debts44 | €9k | €12k | €10k | ▼ 16.6% |
| Suppliers440/4 | €9k | €12k | €10k | ▼ 16.6% |
| Taxes, remuneration and social security45 | - | €517 | €8k | ▲ 1,525% |
| Taxes450/3 | - | €517 | €8k | ▲ 1,525% |
| Other amounts payable47/48 | €4k | €338 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €11k | €6k | ▼ 43.9% |
| + Depreciation and write-downs630 | €3k | €2k | €3k | ▲ 34.8% |
| Operating cash flow (approximation) | €-6k | €13k | €9k | ▼ 31.2% |
| Investment in fixed assets (approximation) | - | €-4k | €-874 | ▲ 78.3% |
| Change in cash | - | €-162 | €1k | ▲ 1,015% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2022
Ground area
272 m²
Building footprint
227 m²
Volume, LiDAR
1,658 m³
2 parcels, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ASPAVA
since 20222.337.611.413
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384E0667/00K000 | Flanders | 143 m² | 1 · 141 m² | 14.5 m · 4 fl. |
| 11056B0818/00V000 | Flanders | 129 m² | 1 · 86 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,286 companies in sector 25620 we hold annual accounts for 1,721. 478 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
Founded06-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
25620Manufacture of fabricated metal products, except machinery and equipment
Scores and ratios are computed by Checked and are not a credit decision.