ASPIVITY
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 26 filings
Turnover
€122,250
EBIT margin
-3.5%
Net result
€88▲ 23.7%
2024 · €71
Working capital
€28,184▲ 0.3%
2024 · €28,096
In the rankings
#6 oldest company in Tessenderlo-Ham, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€250
▼ 42.1%
2025
20182025
Net result
€88
▲ 23.7%
2025
lowest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€28,184
▲ 0.3%
2025
middle half of the sector
20182025
Total assets
€407,348
▲ 16.5%
2025
highest quarter of the sector
20182025
Debt
€379,163
▲ 17.9%
2025
20182025
Working capital
€28,184
▲ 0.3%
2025
middle half of the sector
20182025
Solvency
6.9%
▼ 1.1pp
2025
lowest quarter of the sector
20182025
Current ratio
1.07
▼ 0.01
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
0.0%
=
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€122,250
Operating result-€4,974--€4,196▲ 15.7%-€5,346▼ 27.4%-€4,316▲ 19.3%-€4,219▲ 2.3%€550€432▼ 21.5%€250▼ 42.1%
Net result-€755-€397€361below the sector's middle half▼ 9.2%€352below the sector's middle half▼ 2.3%€372below the sector's middle half▲ 5.4%€403below the sector's middle half▲ 8.5%€71below the sector's middle half▼ 82.3%€88below the sector's middle half▲ 23.7%
EBIT margin-3.5%
Equity€26,139-€26,537▲ 1.5%€26,898within the sector's middle half▲ 1.4%€27,250below the sector's middle half▲ 1.3%€27,622within the sector's middle half▲ 1.4%€28,025within the sector's middle half▲ 1.5%€28,096within the sector's middle half▲ 0.3%€28,184within the sector's middle half▲ 0.3%
Total assets€108,227-€67,096▼ 38.0%€73,559within the sector's middle half▲ 9.6%€80,642within the sector's middle half▲ 9.6%€228,624within the sector's middle half▲ 184%€230,933within the sector's middle half▲ 1.0%€349,582above the sector's middle half▲ 51.4%€407,348above the sector's middle half▲ 16.5%
Debt€82,087-€40,559▼ 50.6%€46,662▲ 15.0%€53,392▲ 14.4%€201,003▲ 276%€202,908▲ 0.9%€321,486▲ 58.4%€379,163▲ 17.9%
Working capital€26,139-€26,537▲ 1.5%€26,898within the sector's middle half▲ 1.4%€27,250within the sector's middle half▲ 1.3%€27,622within the sector's middle half▲ 1.4%€28,025within the sector's middle half▲ 1.5%€28,096within the sector's middle half▲ 0.3%€28,184within the sector's middle half▲ 0.3%
Solvency24.2%-39.6%▲ 15.4pp36.6%within the sector's middle half▼ 3.0pp33.8%within the sector's middle half▼ 2.8pp12.1%below the sector's middle half▼ 21.7pp12.1%below the sector's middle half▲ 0.1pp8.0%below the sector's middle half▼ 4.1pp6.9%below the sector's middle half▼ 1.1pp
Current ratio1.32-1.65▲ 0.341.58within the sector's middle half▼ 0.081.51within the sector's middle half▼ 0.071.14below the sector's middle half▼ 0.371.14below the sector's middle half=1.09below the sector's middle half▼ 0.051.07below the sector's middle half▼ 0.01
Return on assets (ROA)-0.7%-0.6%▲ 1.3pp0.5%below the sector's middle half▼ 0.1pp0.4%below the sector's middle half▼ 0.1pp0.2%below the sector's middle half▼ 0.3pp0.2%below the sector's middle half=0.0%below the sector's middle half▼ 0.2pp0.0%below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 42% lower than in 2024. It is the second fall in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €407,348
Equity
€28,184 ▲ 0.3%
Debt
€379,163 ▲ 17.9%
Debt's share of the balance-sheet total rises from 92.0% to 93.1%. Equity and debt are higher.
Key figures and ratios
Debt to equity
13.45▲
2024 · 11.44
ROE
0.3%▲
2024 · 0.3%
Debt ≤ 1 year
€379,163▲
2024 · €321,486
Income taxes
€32▼
2024 · €290
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €122,250 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €125,909 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €560 | €560 | €512 | €349 | €362 | ▲ 3.7% |
| Gross operating margin9900 | -€4,385 | -€3,636 | -€4,787 | -€3,757 | -€3,659 | €1,062 | €781 | €612 | ▼ 21.6% |
| Operating profit (loss)9901 | -€4,974 | -€4,196 | -€5,346 | -€4,316 | -€4,219 | €550 | €432 | €250 | ▼ 42.1% |
| Financial income75/76B | - | - | - | €4,817 | €4,700 | - | - | - | - |
| Recurring financial income75 | €4,241 | €4,730 | €5,734 | €4,817 | €4,700 | - | - | - | - |
| Financial charges65/66B | - | - | - | €37 | €33 | €0 | €71 | €130 | ▲ 84.0% |
| Recurring financial charges65 | €21 | €23 | €27 | €37 | €33 | €0 | €71 | €130 | ▲ 84.0% |
| Profit (loss) for the period before taxes9903 | -€755 | €511 | €361 | €464 | €449 | €550 | €361 | €120 | ▼ 66.7% |
| Income taxes67/77 | - | €114 | - | €111 | €77 | €147 | €290 | €32 | ▼ 88.9% |
| Profit (loss) for the period9904 | -€755 | €397 | €361 | €352 | €372 | €403 | €71 | €88 | ▲ 23.7% |
| Profit (loss) for the period to be appropriated9905 | -€755 | €397 | €361 | €352 | €372 | €403 | €71 | €88 | ▲ 23.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €108,227 | €67,096 | €73,559 | €80,642 | €228,624 | €230,933 | €349,582 | €407,348 | ▲ 16.5% |
| Current assets29/58 | €108,227 | €67,096 | €73,559 | €80,642 | €228,624 | €230,933 | €349,582 | €407,348 | ▲ 16.5% |
| Amounts receivable within one year40/41 | €106,441 | €66,485 | €72,801 | €80,442 | €228,452 | €84,939 | €349,104 | €368,034 | ▲ 5.4% |
| Trade receivables40 | - | - | - | €11,011 | €155,122 | €11,715 | €277,600 | €292,895 | ▲ 5.5% |
| Other amounts receivable41 | - | - | - | €69,431 | €73,330 | €73,224 | €71,504 | €75,139 | ▲ 5.1% |
| Cash at bank and in hand54/58 | €1,786 | €612 | €759 | €201 | €172 | €1,374 | €478 | €24,314 | ▲ 51× |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €144,620 | - | €15,000 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €108,227 | €67,096 | €73,559 | €80,642 | €228,624 | €230,933 | €349,582 | €407,348 | ▲ 16.5% |
| Equity10/15 | €26,139 | €26,537 | €26,898 | €27,250 | €27,622 | €28,025 | €28,096 | €28,184 | ▲ 0.3% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | - | - | €20,000 | €20,000 | - | - | - | - |
| Issued capital100 | - | - | - | €20,000 | €20,000 | - | - | - | - |
| Reserves13 | €2,204 | €2,204 | €2,204 | €2,204 | €2,204 | €8,025 | €8,096 | €8,184 | ▲ 1.1% |
| Non-distributable reserves130/1 | - | - | - | €2,204 | €2,204 | €2,204 | €2,204 | €2,204 | = |
| Legal reserve130 | - | - | - | €2,204 | €2,204 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €2,204 | €2,204 | €2,204 | = |
| Distributable reserves133 | - | - | - | - | - | €5,821 | €5,893 | €5,981 | ▲ 1.5% |
| Profit (loss) carried forward14 | €3,936 | €4,333 | €4,694 | €5,046 | €5,418 | - | - | - | - |
| Amounts payable17/49 | €82,087 | €40,559 | €46,662 | €53,392 | €201,003 | €202,908 | €321,486 | €379,163 | ▲ 17.9% |
| Amounts payable within one year42/48 | €82,087 | €40,559 | €46,662 | €53,392 | €201,003 | €202,908 | €321,486 | €379,163 | ▲ 17.9% |
| Trade debts44 | €82,087 | €40,559 | €46,662 | €53,392 | €201,003 | €202,860 | €321,391 | €379,049 | ▲ 17.9% |
| Suppliers440/4 | - | - | - | €53,392 | €201,003 | €202,860 | €321,391 | €379,049 | ▲ 17.9% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €48 | €95 | €115 | ▲ 20.4% |
| Taxes450/3 | - | - | - | - | - | €48 | €95 | €115 | ▲ 20.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€755 | €397 | €361 | €352 | €372 | €403 | €71 | €88 | ▲ 23.7% |
| Operating cash flow (approximation) | -€755 | €397 | €361 | €352 | €372 | €403 | €71 | €88 | ▲ 23.7% |
| Change in cash | - | -€1,174 | €147 | -€558 | -€28 | €1,202 | -€896 | €23,836 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,083 companies had the same profile as ASPIVITY has now. Two years later, 96.8% were still going and 0.8% had gone bankrupt.
- Micro
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
96.8%
was still going
2.2%
stopped otherwise
0.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ASPIVITY itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,083 companies, not a prediction for ASPIVITY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00371501 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00343224 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00494758 | |
| 31-12-2022 | micro format | 01-08-2023 | 2023-00315197 | |
| 31-12-2021 | micro format | 09-06-2022 | 2022-20065725 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-26100567 | |
| 31-12-2019 | micro format | 25-06-2020 | 2020-20900535 | |
| 31-12-2018 | micro format | 26-06-2019 | 2019-23300574 | |
| 31-12-2017 | micro format | 27-06-2018 | 2018-25000034 | |
| 31-12-2016 | micro format | 26-06-2017 | 2017-23800449 |