ASTEL
ActiveSummary
ASTEL has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.49M and a net result of €265k. Equity is growing by ~62.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability40▼-32
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 10.64 against 3.73 in 2023; short-term debt: 5.6% and cash: 51.2% of total assets), and 6.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
93.7%
Return on assets
10%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
34 d early
2022
81 d early
2021
62 d early
2020
46 d early
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€2.49M▲ 9.0%
2023 · €2.28M
Total assets
€2.66M▼ 11.3%
2023 · €2.99M
Net result
€265k▲ 275%
2023 · €71k
Working capital
€1.43M▼ 7.4%
2023 · €1.54M
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
Line20202021202220232024
Operating result€-26k▼ 85.5%€-21k▲ 17.7%€-79k▼ 275%€104k€28k▼ 73.1%
Net result€-24k€-19k▲ 18.7%€2.19M€71k▼ 96.8%€265k▲ 275%
Equity€538k▼ 4.2%€519k▼ 3.6%€2.49M▲ 380%€2.28M▼ 8.2%€2.49M▲ 9.0%
Total assets€576k▼ 9.8%€626k▲ 8.6%€2.96M▲ 372%€2.99M▲ 1.3%€2.66M▼ 11.3%
Debt€38k▼ 50.3%€107k▲ 181%€468k▲ 335%€710k▲ 51.7%€168k▼ 76.3%
Working capital€432k▼ 26.0%€211k▼ 51.2%€1.64M▲ 678%€1.54M▼ 6.0%€1.43M▼ 7.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 73% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.66M
Fixed assets
€1.08M ▲ 22.2%
Current assets
€1.58M ▼ 25.3%
Equity and liabilities €2.66M
Equity
€2.49M ▲ 9.0%
Debt
€168k ▼ 76.3%
Debt's share of the balance-sheet total falls from 23.7% to 6.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54k▼
2023 · €129k
Cash flow
€292k▲
2023 · €96k
Current ratio
10.64▲
2023 · 3.73
Debt to equity
0.07▼
2023 · 0.31
ROE
10.7%▲
2023 · 3.1%
ROA
10.0%▲
2023 · 2.4%
Interest coverage
1.09▼
2023 · 31.45
Debt ≤ 1 year
€148k▼
2023 · €566k
Debt > 1 year
€20k▼
2023 · €41k
Income taxes
€39k▲
2023 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €5k | €25k | €25k | €26k | ▲ 3.4% |
| Other operating charges640/8 | - | €10k | €985 | €890 | €636 | ▼ 28.6% |
| Gross operating margin9900 | €-22k | €-5k | €-53k | €130k | €55k | ▼ 57.8% |
| Operating profit (loss)9901 | €-26k | €-21k | €-79k | €104k | €28k | ▼ 73.1% |
| Financial income75/76B | - | €4k | €2.52M | €2k | €326k | ▲ 20,157% |
| Recurring financial income75 | €3k | €4k | €2.52M | €2k | €326k | ▲ 20,157% |
| Financial charges65/66B | - | €2k | €8k | €4k | €49k | ▲ 1,107% |
| Recurring financial charges65 | €912 | €2k | €8k | €4k | €49k | ▲ 1,107% |
| Profit (loss) for the period before taxes9903 | €-23k | €-19k | €2.43M | €101k | €304k | ▲ 201% |
| Income taxes67/77 | €555 | €435 | €244k | €30k | €39k | ▲ 28.7% |
| Profit (loss) for the period9904 | €-24k | €-19k | €2.19M | €71k | €265k | ▲ 275% |
| Profit (loss) for the period to be appropriated9905 | €-24k | €-19k | €2.19M | €71k | €265k | ▲ 275% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €576k | €626k | €2.96M | €2.99M | €2.66M | ▼ 11.3% |
| Fixed assets21/28 | €136k | €391k | €908k | €884k | €1.08M | ▲ 22.2% |
| Tangible fixed assets22/27 | €6k | €111k | €89k | €65k | €76k | ▲ 16.8% |
| Plant, machinery and equipment23 | - | €4k | €5k | €4k | €4k | ▼ 7.3% |
| Furniture and vehicles24 | - | €106k | €83k | €60k | €39k | ▼ 35.2% |
| Other tangible fixed assets26 | - | - | - | - | €32k | - |
| Financial fixed assets28 | €130k | €280k | €819k | €819k | €1.00M | ▲ 22.6% |
| Current assets29/58 | €441k | €235k | €2.05M | €2.11M | €1.58M | ▼ 25.3% |
| Amounts receivable within one year40/41 | €38k | €56k | €22k | €21k | €212k | ▲ 899% |
| Trade receivables40 | - | €14k | €22k | €21k | €38k | ▲ 79.5% |
| Other amounts receivable41 | - | €41k | - | - | €174k | - |
| Current investments50/53 | - | - | €482k | €1.14M | - | - |
| Cash at bank and in hand54/58 | €403k | €180k | €1.52M | €946k | €1.36M | ▲ 43.6% |
| Deferred charges and accrued income490/1 | - | - | €24k | €4k | €5k | ▲ 36.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €576k | €626k | €2.96M | €2.99M | €2.66M | ▼ 11.3% |
| Equity10/15 | €538k | €519k | €2.49M | €2.28M | €2.49M | ▲ 9.0% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €556k | €556k | €2.48M | €2.28M | €2.48M | ▲ 9.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €554k | €2.48M | €2.28M | €2.48M | ▲ 9.0% |
| Profit (loss) carried forward14 | €-24k | €-43k | - | - | - | - |
| Amounts payable17/49 | €38k | €107k | €468k | €710k | €168k | ▼ 76.3% |
| Amounts payable after more than one year17 | €30k | €83k | €62k | €41k | €20k | ▼ 51.9% |
| Financial debts170/4 | - | €83k | €62k | €41k | €20k | ▼ 51.9% |
| Amounts payable within one year42/48 | €8k | €24k | €406k | €566k | €148k | ▼ 73.8% |
| Current portion of amounts payable after more than one year42 | - | €21k | €21k | €21k | €21k | ▲ 1.2% |
| Trade debts44 | €3k | €3k | €17k | €17k | €15k | ▼ 8.8% |
| Suppliers440/4 | - | €3k | €17k | €17k | €15k | ▼ 8.8% |
| Taxes, remuneration and social security45 | - | €990 | €240k | €251k | €54k | ▼ 78.4% |
| Taxes450/3 | - | €990 | €240k | €251k | €54k | ▼ 78.4% |
| Other amounts payable47/48 | - | - | €127k | €277k | €57k | ▼ 79.3% |
| Accrued charges and deferred income492/3 | - | - | - | €103k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-24k | €-19k | €2.19M | €71k | €265k | ▲ 275% |
| + Depreciation and write-downs630 | €2k | €5k | €25k | €25k | €26k | ▲ 3.4% |
| Operating cash flow (approximation) | €-22k | €-14k | €2.21M | €96k | €292k | ▲ 203% |
| Investment in fixed assets (approximation) | - | €-260k | €-542k | €-1k | €-222k | ▼ 14,729% |
| Change in cash | - | €-223k | €1.34M | €-574k | €413k | ▲ 172% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity triplescurrent ratio 10.64
Current ratio from 3.73 to 10.64; short-term debt falls from €566k to €148k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €2.19M
Net result €2.19M after 2 loss-making years.
31-12
Financial
Equity above €2MEq €2.49M ▲380%
Equity rises from €519k to €2.49M.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 53.31
Current ratio from 13.41 to 53.31; short-term debt falls from €47k to €8k.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
18-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Pajottegem · 1 establishment unit since 1998
Ground area
1,651 m²
Building footprint
253 m²
Volume, LiDAR
1,135 m³
Parcel 23090C0028/00E000, Flanders · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Congobergstraat 13, 1570 Pajottegem
since 19982.088.215.109
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23090C0028/00E000 | Flanders | 1,651 m² | 1 · 253 m² | 8.4 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 4,043 EUR awarded · 4,043 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 4,043 EUR | 4,043 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,415 companies in sector 46180 we hold annual accounts for 1,884. 573 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
Founded24-07-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.