ASTEL
ActiveSummary
ASTEL has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €429,437 and a net result of €86,019. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+7
Solvency88=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 1.91 against 1.6 in 2023; short-term debt: 24.2% and cash: 18.7% of total assets), and 37.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
30 d late
2022
on the day
2021
10 d late
2020
3 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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
€86,019▲ 128%
2023 · €37,654
Working capital
€150,013▲ 66.4%
2023 · €90,171
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€63,517▲ 30.3%€112,053▲ 76.4%€62,704▼ 44.0%€46,669▼ 25.6%€110,705▲ 137%
Net result€50,449▲ 42.6%€85,094▲ 68.7%€60,950▼ 28.4%€37,654▼ 38.2%€86,019▲ 128%
Equity€227,752▲ 4.2%€314,878▲ 38.3%€355,359▲ 12.9%€371,308▲ 4.5%€429,437▲ 15.7%
Total assets€398,004▼ 1.9%€444,191▲ 11.6%€541,648▲ 21.9%€588,027▲ 8.6%€682,873▲ 16.1%
Debt€165,002▼ 11.8%€118,439▼ 28.2%€177,289▲ 49.7%€209,594▲ 18.2%€248,186▲ 18.4%
Working capital€5,816▼ 27.9%€77,817▲ 1,238%€107,968▲ 38.7%€90,171▼ 16.5%€150,013▲ 66.4%
Staff (FTE)2▼ 31.0%2=2=2=2=
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 137% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €682,873
Fixed assets
€367,715 ▲ 5.7%
Current assets
€315,158 ▲ 31.2%
Equity and liabilities €682,873
Equity
€429,437 ▲ 15.7%
Provisions
€5,250 ▼ 26.3%
Debt
€248,186 ▲ 18.4%
Debt's share of the balance-sheet total rises from 35.6% to 36.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€228,452▲
2023 · €157,135
Cash flow
€203,767▲
2023 · €148,119
Current ratio
1.91▲
2023 · 1.60
Debt to equity
0.58▲
2023 · 0.56
ROE
20.0%▲
2023 · 10.1%
ROA
12.6%▲
2023 · 6.4%
Interest coverage
77.16▼
2023 · 103.52
Debt ≤ 1 year
€165,144▲
2023 · €150,090
Debt > 1 year
€49,779▼
2023 · €59,504
Income taxes
€29,260▲
2023 · €15,003
Staff costs
€115,627▲
2023 · €115,508
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 34,672 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €101,754 | €105,867 | €115,508 | €115,627 | ▲ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81,277 | €95,523 | €101,240 | €110,466 | €117,748 | ▲ 6.6% |
| Other operating charges640/8 | - | €55 | €100 | €3,444 | €1,762 | ▼ 48.8% |
| Non-recurring operating charges66A | - | €2,000 | - | - | - | - |
| Gross operating margin9900 | €244,106 | €311,386 | €269,911 | €276,086 | €345,841 | ▲ 25.3% |
| Operating profit (loss)9901 | €63,517 | €112,053 | €62,704 | €46,669 | €110,705 | ▲ 137% |
| Financial income75/76B | - | €5,626 | €5,671 | €5,630 | €5,660 | ▲ 0.5% |
| Recurring financial income75 | €4,527 | €5,626 | €5,671 | €5,630 | €5,660 | ▲ 0.5% |
| Financial charges65/66B | - | €298 | €396 | €1,518 | €2,961 | ▲ 95.1% |
| Recurring financial charges65 | €439 | €298 | €396 | €1,518 | €2,961 | ▲ 95.1% |
| Profit (loss) for the period before taxes9903 | €67,605 | €117,381 | €67,978 | €50,782 | €113,404 | ▲ 123% |
| Transfer from deferred taxes780 | - | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Income taxes67/77 | €18,656 | €34,161 | €8,903 | €15,003 | €29,260 | ▲ 95.0% |
| Profit (loss) for the period9904 | €50,449 | €85,094 | €60,950 | €37,654 | €86,019 | ▲ 128% |
| Profit (loss) for the period to be appropriated9905 | €50,449 | €85,094 | €60,950 | €37,654 | €86,019 | ▲ 128% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €398,004 | €444,191 | €541,648 | €588,027 | €682,873 | ▲ 16.1% |
| Fixed assets21/28 | €227,186 | €247,936 | €261,902 | €347,765 | €367,715 | ▲ 5.7% |
| Intangible fixed assets21 | €217,924 | €239,492 | €252,949 | €251,068 | €266,434 | ▲ 6.1% |
| Tangible fixed assets22/27 | €9,262 | €8,444 | €8,952 | €96,697 | €101,281 | ▲ 4.7% |
| Furniture and vehicles24 | - | €5,349 | €5,858 | €96,697 | €73,881 | ▼ 23.6% |
| Other tangible fixed assets26 | - | - | - | - | €27,400 | - |
| Assets under construction and advance payments27 | - | €3,095 | €3,095 | - | - | - |
| Current assets29/58 | €170,818 | €196,256 | €279,747 | €240,262 | €315,158 | ▲ 31.2% |
| Amounts receivable within one year40/41 | €134,467 | €135,417 | €178,686 | €126,772 | €58,928 | ▼ 53.5% |
| Trade receivables40 | - | €126,629 | €172,053 | €105,705 | €43,246 | ▼ 59.1% |
| Other amounts receivable41 | - | €8,788 | €6,632 | €21,067 | €15,682 | ▼ 25.6% |
| Cash at bank and in hand54/58 | €34,238 | €59,076 | €99,887 | €112,292 | €127,359 | ▲ 13.4% |
| Deferred charges and accrued income490/1 | - | €1,763 | €1,174 | €1,197 | €128,871 | ▲ 10,666% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €398,004 | €444,191 | €541,648 | €588,027 | €682,873 | ▲ 16.1% |
| Equity10/15 | €227,752 | €314,878 | €355,359 | €371,308 | €429,437 | ▲ 15.7% |
| Contributions10/11 | - | €89,000 | €89,000 | €89,000 | €89,000 | = |
| Reserves13 | €13,900 | €84,151 | €130,257 | €151,831 | €215,585 | ▲ 42.0% |
| Non-distributable reserves130/1 | - | €8,900 | - | - | - | - |
| Reserves not available under the articles1311 | - | €8,900 | - | - | - | - |
| Distributable reserves133 | - | €75,251 | €130,257 | €151,831 | €215,585 | ▲ 42.0% |
| Profit (loss) carried forward14 | €109,102 | €109,102 | €109,102 | €109,102 | €109,102 | = |
| Investment grants15 | - | €32,625 | €27,000 | €21,375 | €15,750 | ▼ 26.3% |
| Provisions and deferred taxes16 | €5,250 | €10,875 | €9,000 | €7,125 | €5,250 | ▼ 26.3% |
| Deferred taxes168 | - | €10,875 | €9,000 | €7,125 | €5,250 | ▼ 26.3% |
| Amounts payable17/49 | €165,002 | €118,439 | €177,289 | €209,594 | €248,186 | ▲ 18.4% |
| Amounts payable after more than one year17 | - | - | - | €59,504 | €49,779 | ▼ 16.3% |
| Financial debts170/4 | - | - | - | €59,504 | €49,779 | ▼ 16.3% |
| Amounts payable within one year42/48 | €165,002 | €118,439 | €171,778 | €150,090 | €165,144 | ▲ 10.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,352 | €9,725 | ▲ 4.0% |
| Trade debts44 | €61,635 | €57,420 | €25,201 | €82,221 | €53,103 | ▼ 35.4% |
| Suppliers440/4 | - | €57,420 | €25,201 | €82,221 | €53,103 | ▼ 35.4% |
| Taxes, remuneration and social security45 | - | €46,059 | €47,491 | €42,536 | €58,840 | ▲ 38.3% |
| Taxes450/3 | - | €21,356 | €21,954 | €15,093 | €33,281 | ▲ 121% |
| Remuneration and social security454/9 | - | €24,703 | €25,537 | €27,443 | €25,558 | ▼ 6.9% |
| Other amounts payable47/48 | - | €14,960 | €99,087 | €15,981 | €43,477 | ▲ 172% |
| Accrued charges and deferred income492/3 | - | - | €5,511 | - | €33,263 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,449 | €85,094 | €60,950 | €37,654 | €86,019 | ▲ 128% |
| + Depreciation and write-downs630 | €81,277 | €95,523 | €101,240 | €110,466 | €117,748 | ▲ 6.6% |
| Operating cash flow (approximation) | €131,726 | €180,618 | €162,189 | €148,119 | €203,767 | ▲ 37.6% |
| Investment in fixed assets (approximation) | - | -€116,273 | -€115,206 | -€196,329 | -€137,698 | ▲ 29.9% |
| Change in cash | - | €24,838 | €40,811 | €12,405 | €15,067 | ▲ 21.5% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
31-12
Financial
Highest result since 2018net €86,019 ▲128%
Net result €86,019, the highest in the series.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 10 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-12
Financial
Equity above €200,000Eq €218,553 ▲27.7%
2 profitable years in a row build equity to €218,553.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Nivelles · 1 establishment unit since 2007
Ground area
1.7 ha
Building footprint
344 m²
Volume, LiDAR
7,588 m³
Parcel 25783E0350/00G000, Wallonia · tallest building 25.6 m, ±8 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Chaussée de Mons 29, 1400 Nivelles
since 20072.168.020.571
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25783E0350/00G000 | Wallonia | 1.7 ha | 1 · 344 m² | 25.6 m · 8 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.
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Of 3,223 companies in sector 47400 we hold annual accounts for 1,806. 1,158 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
Founded13-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
47400Retail sale of information and communication equipment
58190Other publishing activities, excluding software publishing
82300Organisation of conventions and trade shows
Contact
Phone
+32475605405Nivelles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894148176
Registered
06-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.