ASPIRAVI

Active

Public limited companyfounded 200224 yrs activePresident Kennedypark(Kor) 8A, 8500 Kortrijk, BelgiumKBO/BCE: BE 0477.518.825

Summary

ASPIRAVI has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108.5m and a net result of €29.6m. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch Report Compare

ASPIRAVIActiveChecked score 75/100

Risk analysis Report Compare

What they do

Production of electricity from non-renewable sources

NACE 35110NACE 40110

#1 employer in West Flanders, Energy sector1 site

How big

€79.5mturnover 2025

Staff: 48.7 FTE
Equity: €108.5m
Profit: €29.6m

Financially healthy?

75 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.1%

Who decides

Parent: ASPIRAVI HOLDING · 84.9%
Board: 1 member
Holdings: 9

Auditor: GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISESAccounts 63 d early1 of 42 deeds read

Why 75+ Lower-failure-rate sector+ Annual accounts: healthy financial profile+ Long track record+ Lower-risk legal formLatest accounts filed on timeShow the evidence

Checked score

Score 2025

75 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability87▼-6

Solvency58▼-1

Growth71▼-1

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2,000,000 at 30 days acceptable

Liquidity ample (current ratio 1.89 against 2.32 in 2024; short-term debt: 17.1% and cash: 1.4% of total assets), but 67.4% of the assets are financed with debt.

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 35

Relative position

BE, all sectors

reference

Electricity, gas, steam and air conditioning supply (NACE 35)

about 42% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

32.6%

Return on assets

8.9%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

63 d early

2024

63 d early

2023

33 d early

2022

70 d early

2021

68 d early

2020

76 d early

2019

73 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 64 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (2)

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 29 May (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

02-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

03-06-26 Appointments: Kristof Bossuyt (director) and Grant…State Gazette act
29-05-26 Annual accounts filedfiscal year 2025 · full…
29-05-25 Annual accounts filedfiscal year 2024 · full…

Key points

Positive: Employer in West Flanders, Energy sectorin the Checked rankings #1 View
Caution: Result fell in 2025from €54.2m to €29.6m ▼ 45.4% View
Positive: 8 profitable years in a rowprofit 2025: €29.6m 8 years View
Controlled by ASPIRAVI HOLDINGknown shareholders 100% 84.9% View
Positive: Always filed on timeaccounts within the deadline every year 7 years View
New directorlatest change 29-04-2026 · 1 in office 1 joined View