ASTBEL
ActiveSummary
ASTBEL has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€1.2m) and a net result of -€897,531. Its solvency ranks better than 9% of 1117 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability17▲+8
Solvency23▲+4
Growth32
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 0.93 in 2023; short-term debt: 102.3% and cash: 2.4% of total assets), and equity is negative.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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 dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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 2024Solvency, return and age of the figures
Solvency
-2.3%
Return on assets
-1.8%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year -€1.2m
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 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
85 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 57 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€897,531▼ 172%
2023 · -€329,787
Working capital
-€1.2m▼ 282%
2023 · -€322,410
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result-€328,736--€898,156▼ 173%
Net result-€329,787--€897,531▼ 172%
Equity-€268,287--€1.2m▼ 335%
Total assets€4.3m-€50.7m▲ 1,081%
Debt€4.6m-€51.8m▲ 1,037%
Working capital-€322,410--€1.2m▼ 282%
Staff (FTE)0.6-1.4▲ 133%
Why a figure moved sharply
- 2024 Net result -172%, Equity -335%, Total assets +1,081% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €898,156 in 2024 against €328,736 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €50.7m
Fixed assets
€64,512 ▲ 19.2%
Current assets
€50.6m ▲ 1,095%
Key figures and ratios
EBITDA
-€877,044▼
2023 · -€327,306
Cash flow
-€876,420▼
2023 · -€328,357
Solvency
-2.3%▲
2023 · -6.3%
Current ratio
0.98▲
2023 · 0.93
Quick ratio
0.20▲
2023 · 0.13
Debt to equity
-44.47▼
2023 · -16.99
ROA
-1.8%▲
2023 · -7.7%
Interest coverage
-345.52▼
2023 · -311.67
Debt ≤ 1 year
€51.8m▲
2023 · €4.6m
Staff costs
€154,159▲
2023 · €48,643
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €48,643 | €154,159 | ▲ 217% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,430 | €21,112 | ▲ 1,376% |
| Other operating charges640/8 | €5,212 | €97,688 | ▲ 1,774% |
| Gross operating margin9900 | -€273,452 | -€625,197 | ▼ 129% |
| Operating profit (loss)9901 | -€328,736 | -€898,156 | ▼ 173% |
| Financial income75/76B | - | €3,163 | - |
| Recurring financial income75 | - | €3,163 | - |
| Financial charges65/66B | €1,050 | €2,538 | ▲ 142% |
| Recurring financial charges65 | €1,050 | €2,538 | ▲ 142% |
| Profit (loss) for the period before taxes9903 | -€329,787 | -€897,531 | ▼ 172% |
| Profit (loss) for the period9904 | -€329,787 | -€897,531 | ▼ 172% |
| Profit (loss) for the period to be appropriated9905 | -€329,787 | -€897,531 | ▼ 172% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €4.3m | €50.7m | ▲ 1,081% |
| Fixed assets21/28 | €54,124 | €64,512 | ▲ 19.2% |
| Tangible fixed assets22/27 | €54,124 | €64,512 | ▲ 19.2% |
| Plant, machinery and equipment23 | €2,914 | €2,320 | ▼ 20.4% |
| Furniture and vehicles24 | €51,209 | €62,192 | ▲ 21.4% |
| Current assets29/58 | €4.2m | €50.6m | ▲ 1,095% |
| Stocks and contracts in progress3 | €3.6m | €40.3m | ▲ 1,009% |
| Stocks30/36 | €3.6m | €40.3m | ▲ 1,009% |
| Amounts receivable within one year40/41 | €538,670 | €9.1m | ▲ 1,585% |
| Trade receivables40 | €250,846 | €9.1m | ▲ 3,514% |
| Other amounts receivable41 | €287,824 | €11,110 | ▼ 96.1% |
| Cash at bank and in hand54/58 | €11,725 | €1.2m | ▲ 10,194% |
| Deferred charges and accrued income490/1 | €47,542 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €4.3m | €50.7m | ▲ 1,081% |
| Equity10/15 | -€268,287 | -€1.2m | ▼ 335% |
| Contributions10/11 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | = |
| Profit (loss) carried forward14 | -€329,787 | -€1.2m | ▼ 272% |
| Amounts payable17/49 | €4.6m | €51.8m | ▲ 1,037% |
| Amounts payable within one year42/48 | €4.6m | €51.8m | ▲ 1,037% |
| Trade debts44 | €378,596 | €19.0m | ▲ 4,909% |
| Suppliers440/4 | €378,596 | €19.0m | ▲ 4,909% |
| Advances received on contracts in progress46 | €4.2m | €32.5m | ▲ 678% |
| Taxes, remuneration and social security45 | €4,646 | - | - |
| Taxes450/3 | €4,646 | - | - |
| Other amounts payable47/48 | - | €379,995 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€329,787 | -€897,531 | ▼ 172% |
| + Depreciation and write-downs630 | €1,430 | €21,112 | ▲ 1,376% |
| Operating cash flow (approximation) | -€328,357 | -€876,420 | ▼ 167% |
| Investment in fixed assets (approximation) | - | -€31,500 | - |
| Change in cash | - | €1.2m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 85 days late
NBB filing
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Tournai · 2 establishment units since 2023
Ground area
1.1 ha
Building footprint
1,109 m²
Volume, LiDAR
495 m³
2 parcels, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
AST BELGIUM
since 20232.347.345.164
Grand'Route(G-R) 260, 7530 Tournai
since 20232.351.222.491
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57033B0413/00B002 | Wallonia | 8,414 m² | 1 · 1,014 m² | - |
| 57463L0182/00D002 | Wallonia | 2,864 m² | 1 · 94 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 1,021 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0802705088
Also
9925:BE0802705088
Registered
17-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.