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ASTARIS

Active
Private limited companyfounded 20223 yrs activeRue de la Croix Limont 47, 5590 Ciney, BelgiumKBO/BCE: BE 0793.679.140
Summary

The computed 12-month bankruptcy probability of ASTARIS is 2.8% (moderate). The 2024 annual accounts show equity of €18,117 and a net result of €744. Its solvency ranks better than 62% of 1632 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability72▼-1
Solvency82▲+32
Growth52
Track record94
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.72 against 0.99 in 2023; short-term debt: 24.6% and cash: 8% of total assets), and 42.9% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
57.1%
Return on assets
2.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
115 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 72 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 17 November 2022, ASTARIS was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€18,117▲ 4.3%
2023 · €17,373
Total assets
€31,702▼ 54.5%
2023 · €69,653
Net result
€744▼ 68.6%
2023 · €2,373
Working capital
€5,579
2023 · -€269
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of 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
Line20232024
Operating result€3,205-€1,673▼ 47.8%
Net result€2,373within the sector's middle half-€744below the sector's middle half▼ 68.6%
Equity€17,373below the sector's middle half-€18,117below the sector's middle half▲ 4.3%
Total assets€69,653within the sector's middle half-€31,702below the sector's middle half▼ 54.5%
Debt€52,281-€13,585▼ 74.0%
Working capital-€269below the sector's middle half-€5,579within the sector's middle half
Solvency24.9%within the sector's middle half-57.1%within the sector's middle half▲ 32.2pp
Current ratio0.99below the sector's middle half-1.72within the sector's middle half▲ 0.72
Return on assets (ROA)3.4%within the sector's middle half-2.3%within the sector's middle half▼ 1.1pp
above within below the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€1,000€2,000€3,000Operating result 2023: €3,205€3,205Net result 2023: €2,373€2,373Operating result 2024: €1,673€1,673Net result 2024: €744€74420232024€0€1,000€2,000€3,000Operating result 2023: €3,205€3,200Net result 2023: €2,373€2,370Operating result 2024: €1,673€1,670Net result 2024: €744€74420232024
The operating result falls in 2024; 2024 is 48% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30,880
Fixed assets €17,507 ▼ 31.9%
Current assets €13,373 ▼ 68.4%
Equity and liabilities €31,702
Equity €18,117 ▲ 4.3%
Debt €13,585 ▼ 74.0%
Debt's share of the balance-sheet total falls from 75.1% to 42.9%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€11,002▼
2023 · €12,341
Cash flow
€10,073▼
2023 · €11,509
Quick ratio
1.42▲
2023 · 0.89
Debt to equity
0.75▼
2023 · 3.01
ROE
4.1%▼
2023 · 13.7%
Interest coverage
13.99▼
2023 · 14.83
Debt ≤ 1 year
€7,794▼
2023 · €42,544
Debt > 1 year
€5,791▼
2023 · €9,737
Income taxes
€142
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,549 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
1.8% went bankrupt
3.1% stopped otherwise
94% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,549 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 · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€69,653€31,702▼
Formation expenses20€1,658€822▼
Fixed assets21/28€25,721€17,507▼
Intangible fixed assets21€10,256€7,199▼
Tangible fixed assets22/27€15,465€10,308▼
Furniture and vehicles24€622€466▼
Leasing and similar rights25€14,843€9,842▼
Current assets29/58€42,275€13,373▼
Stocks and contracts in progress3€4,220€2,270▼
Stocks30/36€4,220€2,270▼
Amounts receivable within one year40/41€27,940€5,130▼
Trade receivables40€26,567€4,256▼
Other amounts receivable41€1,373€873▼
Cash at bank and in hand54/58€4,942€2,542▼
Deferred charges and accrued income490/1€5,173€3,431▼
Equity and liabilities
Total equity and liabilities10/49€69,653€31,702▼
Equity10/15€17,373€18,117▲
Contributions10/11€15,000€15,000=
Profit (loss) carried forward14€2,373€3,117▲
Amounts payable17/49€52,281€13,585▼
Amounts payable after more than one year17€9,737€5,791▼
Financial debts170/4€9,737€5,791▼
Amounts payable within one year42/48€42,544€7,794▼
Current portion of amounts payable after more than one year42€3,758€4,260▲
Trade debts44€5,200€262▼
Suppliers440/4€5,200€262▼
Advances received on contracts in progress46€2,586-
Taxes, remuneration and social security45-€142
Taxes450/3-€142
Other amounts payable47/48€31,000€3,130▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,136€9,329▲
Other operating charges640/8€831€7▼
Gross operating margin9900€13,172€11,009▼
Operating profit (loss)9901€3,205€1,673▼
Financial charges65/66B€832€786▼
Recurring financial charges65€832€786▼
Profit (loss) for the period before taxes9903€2,373€887▼
Income taxes67/77-€142
Profit (loss) for the period9904€2,373€744▼
Profit (loss) for the period to be appropriated9905€2,373€744▼
Appropriation of the result
Profit (loss) to be appropriated9906€2,373€3,117▲
Profit (loss) brought forward from the previous period14P-€2,373

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,136€9,329▲ 2.1%
Other operating charges640/8€831€7▼ 99.1%
Gross operating margin9900€13,172€11,009▼ 16.4%
Operating profit (loss)9901€3,205€1,673▼ 47.8%
Financial charges65/66B€832€786▼ 5.5%
Recurring financial charges65€832€786▼ 5.5%
Profit (loss) for the period before taxes9903€2,373€887▼ 62.6%
Income taxes67/77-€142-
Profit (loss) for the period9904€2,373€744▼ 68.6%
Profit (loss) for the period to be appropriated9905€2,373€744▼ 68.6%
Line20232024Change
Assets
Total assets20/58€69,653€31,702▼ 54.5%
Formation expenses20€1,658€822▼ 50.4%
Fixed assets21/28€25,721€17,507▼ 31.9%
Intangible fixed assets21€10,256€7,199▼ 29.8%
Tangible fixed assets22/27€15,465€10,308▼ 33.3%
Furniture and vehicles24€622€466▼ 25.0%
Leasing and similar rights25€14,843€9,842▼ 33.7%
Current assets29/58€42,275€13,373▼ 68.4%
Stocks and contracts in progress3€4,220€2,270▼ 46.2%
Stocks30/36€4,220€2,270▼ 46.2%
Amounts receivable within one year40/41€27,940€5,130▼ 81.6%
Trade receivables40€26,567€4,256▼ 84.0%
Other amounts receivable41€1,373€873▼ 36.4%
Cash at bank and in hand54/58€4,942€2,542▼ 48.6%
Deferred charges and accrued income490/1€5,173€3,431▼ 33.7%
Equity and liabilities
Total equity and liabilities10/49€69,653€31,702▼ 54.5%
Equity10/15€17,373€18,117▲ 4.3%
Contributions10/11€15,000€15,000=
Profit (loss) carried forward14€2,373€3,117▲ 31.4%
Amounts payable17/49€52,281€13,585▼ 74.0%
Amounts payable after more than one year17€9,737€5,791▼ 40.5%
Financial debts170/4€9,737€5,791▼ 40.5%
Amounts payable within one year42/48€42,544€7,794▼ 81.7%
Current portion of amounts payable after more than one year42€3,758€4,260▲ 13.3%
Trade debts44€5,200€262▼ 95.0%
Suppliers440/4€5,200€262▼ 95.0%
Advances received on contracts in progress46€2,586--
Taxes, remuneration and social security45-€142-
Taxes450/3-€142-
Other amounts payable47/48€31,000€3,130▼ 89.9%
Line20232024Change
Profit (loss) for the period9904€2,373€744▼ 68.6%
+ Depreciation and write-downs630€9,136€9,329▲ 2.1%
Operating cash flow (approximation)€11,509€10,073▼ 12.5%
Investment in fixed assets (approximation)--€1,115-
Change in cash--€2,400-

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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Timeline · acts, filings and financial milestones

2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
23-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 115 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Ciney · 1 establishment unit since 2022
seat establishment approximate The establishment unit on the map
Ground area
2,379 m²
Parcel 91030B0205/00_000, Wallonia. Linked by address, not a title deed.
1 establishment unit
ASTARIS
Rue de la Croix Limont 47, 5590 CineyInstallation of industrial machinery and equipment
since 20222.362.306.524
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
91030B0205/00_000 Wallonia 2,379 m² - -
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.

Similar companies · same sector, comparable size

Of 1,226 companies in sector 33200 we hold annual accounts for 679. 369 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded17-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
Contact
E-mail evrard.electricite@gmail.com
Phone +32470526762
E-invoicing
Reachable via Peppol
Peppol ID 0208:0793679140
Registered 05-12-2022

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.