Summary
ASPIRAVI HOLDING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €355.16M and a net result of €57.68M. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 81% of 2394 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 29-05-2026, 63 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
63 d early
2024
63 d early
2023
44 d early
2022
70 d early
2021
68 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Equity
€355.16M▲ 9.8%
2024 · €323.55M
2018: €276.32M
2019: €283.05M
2020: €290.03M
2021: €297.20M
2022: €308.43M
2023: €311.78M
2024: €323.55M
2018 → 2025
Net result
€57.68M▲ 54.6%
2024 · €37.30M
2018: €16.03M
2019: €19.75M
2020: €21.80M
2021: €23.97M
2022: €28.37M
2023: €28.41M
2024: €37.30M
2018 → 2025
Total assets
€381.87M▲ 9.2%
2024 · €349.81M
2018: €307.84M
2019: €315.12M
2020: €322.27M
2021: €327.49M
2022: €332.59M
2023: €337.39M
2024: €349.81M
2018 → 2025
Solvency
93.0%▲ 0.5pp
2024 · 92.5%
2018: 89.8%
2019: 89.8%
2020: 90.0%
2021: 90.8%
2022: 92.7%
2023: 92.4%
2024: 92.5%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.51M-€2.01M▲ 32.6%€2.28M▲ 13.8%€3.04M▲ 33.3%€5.11M▲ 67.9%
Equity€297.20M-€308.43M▲ 3.8%€311.78M▲ 1.1%€323.55M▲ 3.8%€355.16M▲ 9.8%
Operating result€-796k-€-619k▲ 22.3%€-1.13M▼ 82.8%€-1.40M▼ 23.8%€774k
Net result€23.97M-€28.37M▲ 18.4%€28.41M▲ 0.2%€37.30M▲ 31.3%€57.68M▲ 54.6%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €774k after a loss of €1.40M in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €381.87M
Fixed assets
€307.78M ▲ 5.6%
Current assets
€74.09M ▲ 26.7%
Equity and liabilities €381.87M
Equity
€355.16M ▲ 9.8%
Debt
€26.71M ▲ 1.7%
Debt's share of the balance-sheet total falls from 7.5% to 7.0%. Equity and debt are higher.
Key figures and ratios
ROE
16.2%▲
2024 · 11.5%
ROA
15.1%▲
2024 · 10.7%
Debt ≤ 1 year
€26.70M▲
2024 · €26.05M
Income taxes
€886k▲
2024 · €411k
Staff costs
€2.54M▲
2024 · €2.37M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 73 lines
Balance sheet
Code20242025
Assets
Total assets20/58€349.81M€381.87M▲
Fixed assets21/28€291.33M€307.78M▲
Intangible fixed assets21-€260k
Tangible fixed assets22/27€185k-
Assets under construction and advance payments27€185k-
Financial fixed assets28€291.15M€307.52M▲
Affiliated companies280/1€291.10M€307.47M▲
Participating interests280€291.10M€286.14M▼
Amounts receivable281-€21.33M
Companies linked by participating interests282/3€50k€50k=
Participating interests282€50k€50k=
Current assets29/58€58.47M€74.09M▲
Amounts receivable after more than one year29€15.36M-
Other amounts receivable291€15.36M-
Amounts receivable within one year40/41€24.32M€30.19M▲
Trade receivables40€1.02M€2.22M▲
Other amounts receivable41€23.30M€27.98M▲
Current investments50/53€13.81M€41.77M▲
Other investments51/53€13.81M€41.77M▲
Cash at bank and in hand54/58€2.83M€481k▼
Deferred charges and accrued income490/1€2.16M€1.65M▼
Equity and liabilities
Total equity and liabilities10/49€349.81M€381.87M▲
Equity10/15€323.55M€355.16M▲
Contributions10/11€239.20M€239.20M=
Capital10€239.20M€239.20M=
Issued capital100€239.20M€239.20M=
Reserves13€62.70M€65.59M▲
Non-distributable reserves130/1€12.55M€15.43M▲
Legal reserve130€12.55M€15.43M▲
Distributable reserves133€50.16M€50.16M=
Profit (loss) carried forward14€21.64M€50.37M▲
Amounts payable17/49€26.26M€26.71M▲
Amounts payable within one year42/48€26.05M€26.70M▲
Trade debts44€203k€375k▲
Suppliers440/4€203k€375k▲
Taxes, remuneration and social security45€310k€262k▼
Taxes450/3€60k-
Remuneration and social security454/9€249k€262k▲
Other amounts payable47/48€25.54M€26.06M▲
Accrued charges and deferred income492/3€213k€13k▼
Income statement
Code20242025
Operating income70/76A€3.07M€5.72M▲
Turnover70€3.04M€5.11M▲
Other operating income74€31k€129k▲
Non-recurring operating income76A-€487k
Operating charges60/66A€4.47M€4.95M▲
Services and other goods61€2.10M€2.37M▲
Remuneration, social security and pensions62€2.37M€2.54M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€37k
Other operating charges640/8€1k€1k▲
Operating profit (loss)9901€-1.40M€774k▲
Financial income75/76B€39.45M€58.09M▲
Recurring financial income75€38.67M€46.65M▲
Income from financial fixed assets750€34.48M€43.67M▲
Income from current assets751€4.19M€2.98M▼
Other financial income752/9-€0
Non-recurring financial income76B€789k€11.44M▲
Financial charges65/66B€340k€300k▼
Recurring financial charges65€340k€300k▼
Debt charges650€278k€39k▼
Other financial charges652/9€62k€261k▲
Profit (loss) for the period before taxes9903€37.71M€58.56M▲
Income taxes67/77€411k€886k▲
Taxes670/3€411k€886k▲
Profit (loss) for the period9904€37.30M€57.68M▲
Profit (loss) for the period to be appropriated9905€37.30M€57.68M▲
Appropriation of the result
Profit (loss) to be appropriated9906€49.04M€79.32M▲
Profit (loss) brought forward from the previous period14P€11.74M€21.64M▲
Transfer to equity691/2€1.87M€2.88M▲
To the legal reserve6920€1.87M€2.88M▲
Profit to be distributed694/7€25.54M€26.06M▲
Return on contributions (dividend)694€25.50M€26.01M▲
Employees696€34k€49k▲
Social balance
Average headcount (FTE)908715.917.6▲
The notes to these accounts (48 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €57.68M ▲54.6%
Operating result €774k, net result €57.68M, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
29-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
2022
27-05
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2017
09-01
State Gazette act
General meeting · Capital increase
Capital · Statutes amendment
2016
20-06
State Gazette act
Share concentration
2014
20-11
State Gazette act
General meeting · Share issue
Capital increase · Capital
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 35 acts read
About the unread acts
We know of 35 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
35 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, Kortrijk · 1 establishment unit since 2011
Ground area
5,043 m²
Building footprint
811 m²
Volume, LiDAR
10,830 m³
Parcel 34354D0092/00F000, Flanders · tallest building 17.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ASPIRAVI HOLDING
since 20112.197.040.991
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354D0092/00F000 | Flanders | 5,043 m² | 1 · 811 m² | 17.6 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.
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 805 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.