ASPEL GROUP
ActiveSummary
ASPEL GROUP has been active since 1962 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €527,704 and a net result of €293,605. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 682 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+10
Solvency30▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.1 in 2024; short-term debt: 14.2% and cash: 0% of total assets), and 95.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 →
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
4.7%
Return on assets
2.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 682 sector peers (2025).
NBB · sector comparisonPosition among 682 sector peers
Solvency
better than 7%
← weakest
strongest →
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 · 10 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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 42 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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. Usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 oldest company in Beringen, Manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€293,605
2024 · -€167,117
Working capital
-€1.3m▲ 7.2%
2024 · -€1.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€437,819-€36,888-€52,622▼ 42.7%-€52,473▲ 0.3%-€21,398▲ 59.2%
Net result-€2.2mbelow the sector's middle half▼ 20.2%-€5.3mbelow the sector's middle half▼ 147%-€4.0mbelow the sector's middle half▲ 24.8%-€167,117below the sector's middle half▲ 95.8%€293,605within the sector's middle half
Equity€5.7mabove the sector's middle half▼ 27.4%€397,382within the sector's middle half▼ 93.0%-€3.6mbelow the sector's middle half€234,099below the sector's middle half€527,704within the sector's middle half▲ 125%
Total assets€17.5mabove the sector's middle half▼ 5.1%€14.9mabove the sector's middle half▼ 14.9%€11.4mabove the sector's middle half▼ 23.8%€11.1mabove the sector's middle half▼ 2.0%€11.2mabove the sector's middle half▲ 0.8%
Debt€11.8m▲ 11.4%€14.5m▲ 23.0%€15.0m▲ 3.1%€10.9m▼ 27.2%€10.7m▼ 1.9%
Working capital-€1.6mbelow the sector's middle half▼ 271%-€1.8mbelow the sector's middle half▼ 14.0%-€1.7mbelow the sector's middle half▲ 4.7%-€1.4mbelow the sector's middle half▲ 17.1%-€1.3mbelow the sector's middle half▲ 7.2%
Solvency32.6%within the sector's middle half▼ 10.0pp2.7%below the sector's middle half▼ 30.0pp-31.7%below the sector's middle half▼ 34.4pp2.1%below the sector's middle half▲ 33.8pp4.7%below the sector's middle half▲ 2.6pp
Current ratio0.14below the sector's middle half▼ 0.650.02below the sector's middle half▼ 0.130.08below the sector's middle half▲ 0.060.10below the sector's middle half▲ 0.020.16below the sector's middle half▲ 0.06
Return on assets (ROA)-12.3%below the sector's middle half▼ 2.6pp-35.7%below the sector's middle half▼ 23.4pp-35.2%below the sector's middle half▲ 0.5pp-1.5%below the sector's middle half▲ 33.7pp2.6%within the sector's middle half▲ 4.1pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21,398 in 2025 against €52,473 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.2m
Fixed assets
€11.0m =
Current assets
€248,827 ▲ 54.2%
Equity and liabilities €11.2m
Equity
€527,704 ▲ 125%
Debt
€10.7m ▼ 1.9%
Debt's share of the balance-sheet total falls from 97.9% to 95.3%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
20.24▼
2024 · 46.50
ROE
55.6%▲
2024 · -71.4%
Debt ≤ 1 year
€1.6m▼
2024 · €1.6m
Debt > 1 year
€9.1m▼
2024 · €9.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €580,000 | €187,168 | €242,596 | €225,435 | €350,522 | ▲ 55.5% |
| Other operating income74 | €80,000 | €187,168 | €242,596 | €225,435 | €350,522 | ▲ 55.5% |
| Non-recurring operating income76A | €500,000 | €0 | - | - | - | - |
| Operating charges60/66A | €142,181 | €224,056 | €295,218 | €277,908 | €371,920 | ▲ 33.8% |
| Services and other goods61 | €141,251 | €223,024 | €294,111 | €268,531 | €378,952 | ▲ 41.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €8,178 | -€8,178 | ▼ 200% |
| Other operating charges640/8 | €930 | €1,032 | €1,107 | €1,199 | €1,146 | ▼ 4.4% |
| Operating profit (loss)9901 | €437,819 | -€36,888 | -€52,622 | -€52,473 | -€21,398 | ▲ 59.2% |
| Financial income75/76B | €635,823 | €351,276 | €331,561 | €514,099 | €704,279 | ▲ 37.0% |
| Recurring financial income75 | €635,823 | €351,276 | €331,561 | €514,099 | €456,279 | ▼ 11.2% |
| Income from financial fixed assets750 | €587,141 | €330,536 | €331,561 | €505,921 | €447,624 | ▼ 11.5% |
| Income from current assets751 | €48,682 | €20,740 | - | €8,178 | €8,381 | ▲ 2.5% |
| Other financial income752/9 | - | - | - | - | €274 | - |
| Non-recurring financial income76B | - | - | - | - | €248,000 | - |
| Financial charges65/66B | €3.2m | €5.6m | €4.3m | €628,743 | €389,276 | ▼ 38.1% |
| Recurring financial charges65 | €327,567 | €269,488 | €374,847 | €380,743 | €389,276 | ▲ 2.2% |
| Debt charges650 | €320,690 | €264,049 | €368,319 | €375,250 | €384,438 | ▲ 2.4% |
| Other financial charges652/9 | €6,877 | €5,439 | €6,528 | €5,493 | €4,838 | ▼ 11.9% |
| Non-recurring financial charges66B | €2.9m | €5.4m | €3.9m | €248,000 | - | - |
| Profit (loss) for the period before taxes9903 | -€2.2m | -€5.3m | -€4.0m | -€167,117 | €293,605 | ▲ 276% |
| Transfer from deferred taxes780 | €486 | €486 | - | - | - | - |
| Profit (loss) for the period9904 | -€2.2m | -€5.3m | -€4.0m | -€167,117 | €293,605 | ▲ 276% |
| Transfer from tax-exempt reserves789 | €986 | €985 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€2.2m | -€5.3m | -€4.0m | -€167,117 | €293,605 | ▲ 276% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17.5m | €14.9m | €11.4m | €11.1m | €11.2m | ▲ 0.8% |
| Fixed assets21/28 | €17.2m | €14.9m | €11.2m | €11.0m | €11.0m | = |
| Financial fixed assets28 | €17.2m | €14.9m | €11.2m | €11.0m | €11.0m | = |
| Affiliated companies280/1 | €17.2m | €14.9m | €11.2m | €11.0m | €11.0m | = |
| Participating interests280 | €16.1m | €14.9m | €11.0m | €11.0m | €11.0m | = |
| Amounts receivable281 | €1.1m | €0 | €250,000 | - | - | - |
| Current assets29/58 | €270,533 | €35,175 | €142,386 | €161,354 | €248,827 | ▲ 54.2% |
| Amounts receivable within one year40/41 | €267,937 | €33,612 | €141,170 | €161,337 | €247,791 | ▲ 53.6% |
| Trade receivables40 | €9,075 | €33,612 | €141,170 | €161,337 | €247,791 | ▲ 53.6% |
| Other amounts receivable41 | €258,862 | €0 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €2,596 | €1,563 | €1,216 | €17 | €1,036 | ▲ 5,994% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17.5m | €14.9m | €11.4m | €11.1m | €11.2m | ▲ 0.8% |
| Equity10/15 | €5.7m | €397,382 | -€3.6m | €234,099 | €527,704 | ▲ 125% |
| Contributions10/11 | €14.1m | €14.1m | €14.1m | €18.1m | €18.1m | = |
| Capital10 | €14.1m | €14.1m | €14.1m | €18.1m | €18.1m | = |
| Issued capital100 | €14.1m | €14.1m | €14.1m | €18.1m | €18.1m | = |
| Reserves13 | €986,914 | €985,929 | €985,929 | €985,929 | €985,929 | = |
| Non-distributable reserves130/1 | €174,105 | €174,105 | €174,105 | €174,105 | €174,105 | = |
| Legal reserve130 | - | €91,779 | €91,779 | €91,779 | €91,779 | = |
| Reserves not available under the articles1311 | €91,779 | - | - | - | - | - |
| Other1319 | €82,326 | €82,326 | €82,326 | €82,326 | €82,326 | = |
| Tax-exempt reserves132 | €312,809 | €311,824 | €311,824 | €311,824 | €311,824 | = |
| Distributable reserves133 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Profit (loss) carried forward14 | -€9.4m | -€14.7m | -€18.7m | -€18.8m | -€18.5m | ▲ 1.6% |
| Provisions and deferred taxes16 | €486 | €0 | - | - | - | - |
| Deferred taxes168 | €486 | - | - | - | - | - |
| Amounts payable17/49 | €11.8m | €14.5m | €15.0m | €10.9m | €10.7m | ▼ 1.9% |
| Amounts payable after more than one year17 | €9.9m | €12.6m | €13.0m | €9.3m | €9.1m | ▼ 2.2% |
| Financial debts170/4 | €9.9m | €12.6m | €13.0m | €9.3m | €9.1m | ▼ 2.2% |
| Subordinated loans170 | €4.9m | €5.1m | €5.3m | €1.4m | €1.6m | ▲ 16.2% |
| Credit institutions173 | €939,081 | €309,375 | €103,125 | - | - | - |
| Other loans174 | €4.1m | €7.2m | €7.6m | €7.9m | €7.5m | ▼ 5.4% |
| Amounts payable within one year42/48 | €1.9m | €1.9m | €1.9m | €1.6m | €1.6m | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | €633,205 | €629,706 | €521,502 | €103,125 | - | - |
| Financial debts43 | €1.2m | €1.1m | €951,461 | €1.0m | €857,050 | ▼ 17.0% |
| Credit institutions430/8 | €1.2m | €1.1m | €951,461 | €1.0m | €857,050 | ▼ 17.0% |
| Trade debts44 | €77,206 | €173,693 | €405,447 | €465,835 | €727,448 | ▲ 56.2% |
| Suppliers440/4 | €77,206 | €173,693 | €405,447 | €465,835 | €727,448 | ▲ 56.2% |
| Taxes, remuneration and social security45 | - | €4,574 | €2,106 | €1,224 | €1,956 | ▲ 59.8% |
| Taxes450/3 | - | €4,574 | €2,106 | €1,224 | €1,956 | ▲ 59.8% |
| Accrued charges and deferred income492/3 | €4,972 | €8,434 | €20,021 | €23,731 | €38,628 | ▲ 62.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2.2m | -€5.3m | -€4.0m | -€167,117 | €293,605 | ▲ 276% |
| Operating cash flow (approximation) | -€2.2m | -€5.3m | -€4.0m | -€167,117 | €293,605 | ▲ 276% |
| Investment in fixed assets (approximation) | - | €2.4m | €3.7m | €250,000 | €0 | ▼ 100% |
| Change in cash | - | -€1,033 | -€347 | -€1,199 | €1,019 | ▲ 185% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €293,605
Net result €293,605 after 6 loss-making years.
31-12
Financial
Equity above €500,000Eq €527,704 ▲125%
Equity rises from €234,099 to €527,704.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €200,000Eq €234,099
Equity rises from -€3.6m to €234,099.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full 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
Weakest financial yearnet -€6.1m
Net result drops to -€6.1m, the lowest in the series; recovery starts the following year.
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
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 23 acts read
About the unread acts
We know of 23 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
23 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 1967
Ground 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.
3
companies at this address
See who is registered here
1 establishment unit
Aspel Group
since 19672.001.502.849
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
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 5 holdingsOwners 1
- Aspel International Holding GmbHDEparentSourceown accounts 2025100%
Holdings 5
-
100%
-
100%
-
100%
-
99.99%
- ASPEL V.G. PLASTICSsubsidiaryEquity €1.6mResult €377,14499.99%
According to the 2025 annual accounts of ASPEL GROUP and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 108 companies in sector 25639 we hold annual accounts for 81. 67 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-01-1962
Fiscal year end31-12
Activities, NACEBEL 2025
25639Manufacture of fabricated metal products, except machinery and equipment
22220Manufacture of rubber and plastic products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0402297404
Also
9925:BE0402297404
Registered
14-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.