ASPEL
ActiveASPEL has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44k and a net result of €2k. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 91% of 1973 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-13
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 10.15 against 3.11 in 2024; short-term debt: 7.8% and cash: 74.5% of total assets), and 7.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
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
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
92.2%
Return on assets
5.2%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
9 d early
2024
13 d early
2023
6 d early
2022
26 d early
2021
32 d late
2020
45 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€44k▲ 6.0%
2024 · €41k
2020: €21k
2021: €28k
2022: €28k
2023: €33k
2024: €41k
2020 → 2025
Total assets
€47k▼ 12.1%
2024 · €54k
2020: €37k
2021: €45k
2022: €52k
2023: €52k
2024: €54k
2020 → 2025
Net result
€2k▼ 69.8%
2024 · €8k
2020: €18k
2021: €7k
2022: €134
2023: €5k
2024: €8k
2020 → 2025
Working capital
€34k▲ 25.7%
2024 · €27k
2020: €20k
2021: €26k
2022: €22k
2023: €14k
2024: €27k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€28k▲ 0.5%€33k▲ 16.5%€41k▲ 24.8%€44k▲ 6.0%
Operating result€8k-€767▼ 90.5%€7k▲ 845%€13k▲ 80.6%€5k▼ 65.4%
Net result€7k-€134▼ 98.1%€5k▲ 3,386%€8k▲ 75.2%€2k▼ 69.8%
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 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47k
Fixed assets
€10k▼ 30.4%
Current assets
€37k▼ 5.4%
Equity and liabilities €47k
Equity
€44k▲ 6.0%
Debt
€4k▼ 71.1%
The debt ratio falls from 23.5% to 7.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▼
2024 · €18k
Cash flow
€7k▼
2024 · €13k
Solvency
92.2%▲
2024 · 76.5%
Current ratio
10.15▲
2024 · 3.11
Quick ratio
10.15▲
2024 · 3.11
Debt / equity
0.08▼
2024 · 0.31
ROE
5.7%▼
2024 · 19.9%
ROA
5.2%▼
2024 · 15.2%
Interest coverage
105.77▼
2024 · 116.63
Debt
€4k▼
2024 · €13k
Debt ≤ 1 year
€4k▼
2024 · €13k
Income taxes
€2k▼
2024 · €5k
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€54k€47k▼
Formation expenses20€0€0=
Fixed assets21/28€15k€10k▼
Tangible fixed assets22/27€15k€10k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€9k€6k▼
Other tangible fixed assets26€756€583▼
Current assets29/58€40k€37k▼
Amounts receivable within one year40/41€8k€1k▼
Trade receivables40€8k€1k▼
Cash at bank and in hand54/58€30k€35k▲
Deferred charges and accrued income490/1€976€976=
Equity and liabilities
Total equity and liabilities10/49€54k€47k▼
Equity10/15€41k€44k▲
Contributions10/11€3k€3k=
Reserves13€38k€41k▲
Non-distributable reserves130/1€300€300=
Reserves not available under the articles1311€300€300=
Distributable reserves133€38k€41k▲
Amounts payable17/49€13k€4k▼
Amounts payable within one year42/48€13k€4k▼
Trade debts44-€750
Suppliers440/4-€750
Taxes, remuneration and social security45€6k€2k▼
Taxes450/3€6k€2k▼
Other amounts payable47/48€7k€843▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€632€648▲
Gross operating margin9900€19k€10k▼
Operating profit (loss)9901€13k€5k▼
Financial income75/76B€180-
Recurring financial income75€180-
Financial charges65/66B€156€90▼
Recurring financial charges65€156€90▼
Profit (loss) for the period before taxes9903€13k€4k▼
Income taxes67/77€5k€2k▼
Profit (loss) for the period9904€8k€2k▼
Profit (loss) for the period to be appropriated9905€8k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€2k▼
Transfer to equity691/2€8k€2k▼
To other reserves6921€8k€2k▼
The notes to these accounts (7 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 10.15
Current ratio from 3.11 to 10.15; short-term debt falls from €13k to €4k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €134 ▼98.1%
Net result drops to €134, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2019
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.
Kloosterstraat 201020 BrusselGround area
134 m²
Building footprint
71 m²
Volume, LiDAR
772 m³
Parcel 21816C0014/00M008, Brussels · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ASPEL
since 20192.295.043.358
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0014/00M008 | Brussels | 134 m² | 1 · 71 m² | 13.6 m · 4 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.
Similar companies · same sector, comparable size
Relayer & Relier
BE 1007.900.175
Ath · Eq €44k
Koning K
BE 1005.980.565
Kortenberg · Eq €43k
J&O SAVERYS
BE 0721.724.639
Oostkamp · Eq €43k
SAVVY
BE 0589.999.827
Izegem · Eq €45k
HENRIET TILKIN
BE 0866.095.182
Dalhem · Eq €45k
Of 6,657 companies in sector 90111 we hold annual accounts for 382. 307 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-10-2019
Fiscal year end31-12
Activities, NACEBEL
90031Arts creation and performing arts activities
90111Literary creation
85599Other education
90201Performing arts by independent artists
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.