ASPEL
ActiveASPEL has been active since 1953 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.92M and a net result of €-663k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 70% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-3
Solvency99▼-1
Growth55=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.54 in 2024; short-term debt: 12.9% and cash: 0.7% of total assets), and 26.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
73.8%
Return on assets
-12.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-663k
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 28-05-2026, 64 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
64 d early
2024
56 d early
2023
22 d early
2022
17 d early
2021
31 d early
2020
60 d early
2019
46 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.37M▼ 17.1%
2024 · €1.65M
2018: €9k
2019: €1.83M
2020: €1.74M
2021: €1.69M
2022: €1.49M
2023: €1.53M
2024: €1.65M
2018 → 2025
EBIT margin
-60.1%▼ 16.0pp
2024 · -44.1%
2018: 208.7%
2019: 21.5%
2020: 4.9%
2021: 6.7%
2022: -10.1%
2023: -29.3%
2024: -44.1%
2018 → 2025
Net result
€-663k▼ 16.8%
2024 · €-568k
2018: €97k
2019: €299k
2020: €148k
2021: €119k
2022: €-16k
2023: €-270k
2024: €-568k
2018 → 2025
Working capital
€-473k▼ 32.4%
2024 · €-357k
2018: €612k
2019: €1.51M
2020: €2.13M
2021: €1.36M
2022: €-118k
2023: €415k
2024: €-357k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.69M-€1.49M▼ 12.0%€1.53M▲ 2.3%€1.65M▲ 8.4%€1.37M▼ 17.1%
Equity€5.43M-€5.42M▼ 0.3%€5.15M▼ 5.0%€4.58M▼ 11.0%€3.92M▼ 14.5%
Operating result€114k-€-151k€-447k▼ 196%€-729k▼ 63.1%€-824k▼ 13.0%
Net result€119k-€-16k€-270k▼ 1,563%€-568k▼ 110%€-663k▼ 16.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €824k in 2025 against €729k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.31M
Fixed assets
€5.10M▼ 8.1%
Current assets
€213k▼ 49.9%
Equity and liabilities €5.31M
Equity
€3.92M▼ 14.5%
Provisions
€189k▲ 549%
Debt
€1.20M▼ 11.6%
The debt ratio falls from 22.8% to 22.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-798k▼
2024 · €-701k
Cash flow
€-637k▼
2024 · €-540k
Solvency
73.8%▼
2024 · 76.7%
Current ratio
0.31▼
2024 · 0.54
Quick ratio
0.31▼
2024 · 0.54
Debt / equity
0.31▲
2024 · 0.30
ROE
-16.9%▼
2024 · -12.4%
ROA
-12.5%▼
2024 · -9.5%
Interest coverage
-20.29▼
2024 · -16.50
Debt
€1.20M▼
2024 · €1.36M
Debt ≤ 1 year
€686k▼
2024 · €782k
Debt > 1 year
€499k▼
2024 · €560k
Income taxes
€22k▲
2024 · €20k
Staff costs
€669k▼
2024 · €827k
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€5.97M€5.31M▼
Fixed assets21/28€5.55M€5.10M▼
Intangible fixed assets21€897€0▼
Tangible fixed assets22/27€58k€34k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€19k€10k▼
Leasing and similar rights25€40k€23k▼
Other tangible fixed assets26€0-
Financial fixed assets28€5.49M€5.06M▼
Current assets29/58€425k€213k▼
Amounts receivable within one year40/41€295k€116k▼
Trade receivables40€275k€97k▼
Other amounts receivable41€20k€19k▼
Cash at bank and in hand54/58€78k€36k▼
Deferred charges and accrued income490/1€51k€61k▲
Equity and liabilities
Total equity and liabilities10/49€5.97M€5.31M▼
Equity10/15€4.58M€3.92M▼
Contributions10/11€4.15M€4.15M=
Capital10€4.15M€4.15M=
Issued capital100€4.15M€4.15M=
Reserves13€288k€288k=
Non-distributable reserves130/1€52k€52k=
Legal reserve130€52k€52k=
Tax-exempt reserves132€237k€237k=
Profit (loss) carried forward14€139k€-524k▼
Provisions and deferred taxes16€29k€189k▲
Provisions for liabilities and charges160/5€29k€189k▲
Other liabilities and charges164/5€29k€189k▲
Amounts payable17/49€1.36M€1.20M▼
Amounts payable after more than one year17€560k€499k▼
Financial debts170/4€560k€499k▼
Amounts payable within one year42/48€782k€686k▼
Current portion of amounts payable after more than one year42€139k€15k▼
Trade debts44€399k€508k▲
Suppliers440/4€399k€508k▲
Taxes, remuneration and social security45€244k€163k▼
Taxes450/3€45k€31k▼
Remuneration and social security454/9€199k€132k▼
Accrued charges and deferred income492/3€20k€19k▼
Income statement
Code20242025
Turnover70€1.65M€1.37M▼
Goods, raw materials, services and sundry goods60/61€1.23M€1.13M▼
Remuneration, social security and pensions62€827k€669k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€26k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€608k€413k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€160k
Other operating charges640/8€7k€7k▲
Gross operating margin9900€742k€451k▼
Operating profit (loss)9901€-729k€-824k▼
Financial income75/76B€224k€221k▼
Recurring financial income75€224k€221k▼
Financial charges65/66B€42k€39k▼
Recurring financial charges65€42k€39k▼
Profit (loss) for the period before taxes9903€-548k€-641k▼
Income taxes67/77€20k€22k▲
Profit (loss) for the period9904€-568k€-663k▼
Profit (loss) for the period to be appropriated9905€-568k€-663k▼
Appropriation of the result
Profit (loss) to be appropriated9906€139k€-524k▼
Profit (loss) brought forward from the previous period14P€707k€139k▼
Social balance
Average headcount (FTE)90875.95.4▼
The notes to these accounts (19 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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-663k
Net result drops to €-663k, the lowest in the series.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €299k ▲208%
Operating result €395k, net result €299k, both a record.
31-12
Financial
Equity above €5MEq €5.17M ▲6.1%
2 profitable years in a row build equity to €5.17M.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
18 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, Beringen · 1 establishment unit since 1953
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.
Buntjesstraat 113583 BeringenGround area
2.4 ha
Building footprint
5,310 m²
Volume, LiDAR
29,795 m³
Parcel 71049B1420/00Z000, Flanders · tallest building 16.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Buntjesstraat 11, 3583 Beringen
since 19532.004.720.774
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71049B1420/00Z000 | Flanders | 2.4 ha | 1 · 5,310 m² | 16.3 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 227 EUR awarded · 227 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 227 EUR | 227 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300PCUIWRYYFBJT83
Similar companies · same sector, comparable size
BRITON
BE 0806.622.108
Verviers · Eq €3.90M
ELPEO
BE 0793.803.260
Herentals · Eq €3.89M
P & V GROUP
BE 0788.296.531
Heusden-Zolder · Eq €3.89M
VAN DE KERKHOF MANAGEMENT
BE 0784.663.187
Antwerpen · Eq €3.96M
EQUINOR ENERGY BELGIUM
BE 0863.768.370
Brussel · Eq €3.96M
Of 5,700 companies in sector 70100 we hold annual accounts for 3,494. 1,257 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-04-1953
Fiscal year end31-12
Activities, NACEBEL
22260Manufacture of rubber and plastic products
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 50 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.