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ASPILON

Active
Private limited companyfounded 2025active for 1 yearOktrooiplein 1, 9000 Gent, Belgium129 active companies are registered at this addressKBO/BCE: BE 1020.265.004
Summary

ASPILON has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€14,553) and a net result of -€19,553. Its solvency ranks better than 25% of 147 sector peers (NACE 20, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Financials · financial year 2025, micro format

Equity
-€14,553
Total assets
€97,791
Net result
-€19,553
Working capital
€77,605

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €97,791
Fixed assets €8,842
Current assets €88,949
Equity and liabilities
Equity-€14,553
Debt€112,344
Equity is negative: debt (€112,344) exceeds the balance-sheet total (€97,791).
Key figures and ratios
2025 value
EBITDA
-€17,358
Cash flow
-€18,464
Solvency
-14.9%
Current ratio
7.84
ROA
-20.0%
Interest coverage
-15.56
Debt
€112,344
Debt ≤ 1 year
€11,344
Debt > 1 year
€100,000
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 1,322 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90.3% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
5.5% stopped otherwise
90.3% still going

For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,322 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€97,791
Fixed assets21/28€8,842
Intangible fixed assets21€8,842
Current assets29/58€88,949
Amounts receivable within one year40/41€15,481
Trade receivables40€11,900
Other amounts receivable41€3,581
Cash at bank and in hand54/58€73,359
Deferred charges and accrued income490/1€109
Equity and liabilities
Total equity and liabilities10/49€97,791
Equity10/15-€14,553
Contributions10/11€5,000
Profit (loss) carried forward14-€19,553
Amounts payable17/49€112,344
Amounts payable after more than one year17€100,000
Financial debts170/4€100,000
Amounts payable within one year42/48€11,344
Financial debts43€1,246
Credit institutions430/8€1,246
Trade debts44€2,857
Suppliers440/4€2,857
Other amounts payable47/48€7,241
Accrued charges and deferred income492/3€1,000
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,088
Gross operating margin9900-€17,358
Operating profit (loss)9901-€18,447
Financial income75/76B€9
Recurring financial income75€9
Financial charges65/66B€1,115
Recurring financial charges65€1,115
Profit (loss) for the period before taxes9903-€19,553
Profit (loss) for the period9904-€19,553
Profit (loss) for the period to be appropriated9905-€19,553
Appropriation of the result
Profit (loss) to be appropriated9906-€19,553

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,088
Gross operating margin9900-€17,358
Operating profit (loss)9901-€18,447
Financial income75/76B€9
Recurring financial income75€9
Financial charges65/66B€1,115
Recurring financial charges65€1,115
Profit (loss) for the period before taxes9903-€19,553
Profit (loss) for the period9904-€19,553
Profit (loss) for the period to be appropriated9905-€19,553
Line2025
Assets
Total assets20/58€97,791
Fixed assets21/28€8,842
Intangible fixed assets21€8,842
Current assets29/58€88,949
Amounts receivable within one year40/41€15,481
Trade receivables40€11,900
Other amounts receivable41€3,581
Cash at bank and in hand54/58€73,359
Deferred charges and accrued income490/1€109
Equity and liabilities
Total equity and liabilities10/49€97,791
Equity10/15-€14,553
Contributions10/11€5,000
Profit (loss) carried forward14-€19,553
Amounts payable17/49€112,344
Amounts payable after more than one year17€100,000
Financial debts170/4€100,000
Amounts payable within one year42/48€11,344
Financial debts43€1,246
Credit institutions430/8€1,246
Trade debts44€2,857
Suppliers440/4€2,857
Other amounts payable47/48€7,241
Accrued charges and deferred income492/3€1,000
Line2025
Profit (loss) for the period9904-€19,553
+ Depreciation and write-downs630€1,088
Operating cash flow (approximation)-€18,464

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 14-07-2026 2026-00288478

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 244 active companies whose main activity is manufacture of chemicals and chemical products (NACE 20420), figures are known for 99. See the whole sector

Subsidies and aid

Flemish government

2025 · 1 entry · €25,000 awarded · €12,500 paid
Schemes
1 entry · €25,000 · €12,500 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.