Asteria Infrastructure
ActiveSummary
The computed 12-month bankruptcy probability of Asteria Infrastructure is 2.3% (moderate). The 2025 annual accounts show equity of €10.7m and a net result of -€444,757. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 93 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-42
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500,000 at 30 days acceptable
Liquidity short (current ratio 0.26 against 1.8 in 2024; short-term debt: 5% and cash: 0.4% of total assets), and 21.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% 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 2025Solvency, return and age of the figures
Solvency
78.7%
Return on assets
-3.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
52 d early
2024
on the day
2023
32 d early
2022
14 d late
2021
29 d late
2019
122 d early
2018
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 company by equity in Etterbeek, Telecoms and IT sector
Equity
€10.7m▼ 4.0%
2024 · €11.1m
Total assets
€13.6m▼ 0.3%
2024 · €13.6m
Net result
-€444,757
2024 · €163,816
Working capital
-€497,039
2024 · €297,780
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 61, Telecommunications, 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
Line20212022202320242025
Operating result€1.2m-€1.1m▼ 5.9%€349,435▼ 69.5%€194,509▼ 44.3%-€400,166
Net result€1.1mabove the sector's middle half-€1.0mabove the sector's middle half▼ 7.5%€280,692above the sector's middle half▼ 73.0%€163,816above the sector's middle half▼ 41.6%-€444,757below the sector's middle half
Equity€8.4mabove the sector's middle half-€10.7mabove the sector's middle half▲ 26.7%€11.0mabove the sector's middle half▲ 2.6%€11.1mabove the sector's middle half▲ 1.5%€10.7mabove the sector's middle half▼ 4.0%
Total assets€11.7mabove the sector's middle half-€13.9mabove the sector's middle half▲ 18.5%€13.7mabove the sector's middle half▼ 1.3%€13.6mabove the sector's middle half▼ 0.8%€13.6mabove the sector's middle half▼ 0.3%
Debt€3.1m-€3.2m▲ 4.1%€2.8m▼ 14.4%€2.5m▼ 9.7%€2.9m▲ 16.1%
Working capital€761,435above the sector's middle half-€284,050within the sector's middle half▼ 62.7%€251,327within the sector's middle half▼ 11.5%€297,780within the sector's middle half▲ 18.5%-€497,039below the sector's middle half
Solvency71.8%above the sector's middle half-76.8%above the sector's middle half▲ 5.0pp79.9%above the sector's middle half▲ 3.1pp81.7%above the sector's middle half▲ 1.8pp78.7%above the sector's middle half▼ 3.0pp
Current ratio2.28within the sector's middle half-1.41within the sector's middle half▼ 0.871.68within the sector's middle half▲ 0.271.80within the sector's middle half▲ 0.120.26below the sector's middle half▼ 1.54
Return on assets (ROA)9.6%within the sector's middle half-7.5%within the sector's middle half▼ 2.1pp2.0%within the sector's middle half▼ 5.4pp1.2%within the sector's middle half▼ 0.8pp-3.3%within the sector's middle half▼ 4.5pp
Staff (FTE)1below the sector's middle half4.3within the sector's middle half▲ 330%
above
within
below
the middle half (P25 to P75) of NACE 61, Telecommunications, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €400,166 after €194,509 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.6m
Fixed assets
€13.4m ▲ 3.5%
Current assets
€176,097 ▼ 73.8%
Equity and liabilities €13.6m
Equity
€10.7m ▼ 4.0%
Debt
€2.9m ▲ 16.1%
Debt's share of the balance-sheet total rises from 18.3% to 21.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€364,407▼
2024 · €229,405
Cash flow
-€408,998▼
2024 · €198,712
Debt to equity
0.27▲
2024 · 0.22
ROE
-4.2%▼
2024 · 1.5%
Interest coverage
-6.89▼
2024 · 4.43
Debt ≤ 1 year
€673,136▲
2024 · €373,071
Debt > 1 year
€2.0m▲
2024 · €1.9m
Income taxes
€1,266▲
2024 · €251
Staff costs
€349,053▲
2024 · €51,401
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 6,910 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €51,401 | €349,053 | ▲ 579% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,719 | €209,573 | €55,290 | €34,895 | €35,759 | ▲ 2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €10,021 | - | €6,210 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€210,880 | - | - | - | - |
| Other operating charges640/8 | €21,943 | €13,134 | €12,346 | €13,068 | €5,954 | ▼ 54.4% |
| Non-recurring operating charges66A | - | - | - | €5,000 | €3,989 | ▼ 20.2% |
| Gross operating margin9900 | €1.3m | €1.2m | €427,090 | €298,873 | €799 | ▼ 99.7% |
| Operating profit (loss)9901 | €1.2m | €1.1m | €349,435 | €194,509 | -€400,166 | ▼ 306% |
| Financial income75/76B | €10,716 | €102 | €2 | €21,348 | €9,559 | ▼ 55.2% |
| Recurring financial income75 | €10,716 | €102 | €2 | €21,348 | €9,559 | ▼ 55.2% |
| Financial charges65/66B | €89,994 | €97,837 | €68,745 | €51,790 | €52,884 | ▲ 2.1% |
| Recurring financial charges65 | €89,994 | €97,837 | €68,745 | €51,790 | €52,884 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | €1.1m | €1.0m | €280,692 | €164,067 | -€443,491 | ▼ 370% |
| Income taxes67/77 | €12,098 | €6,350 | - | €251 | €1,266 | ▲ 404% |
| Profit (loss) for the period9904 | €1.1m | €1.0m | €280,692 | €163,816 | -€444,757 | ▼ 371% |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €1.0m | €280,692 | €163,816 | -€444,757 | ▼ 371% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.7m | €13.9m | €13.7m | €13.6m | €13.6m | ▼ 0.3% |
| Fixed assets21/28 | €10.4m | €12.9m | €13.1m | €13.0m | €13.4m | ▲ 3.5% |
| Tangible fixed assets22/27 | €10.4m | €12.9m | €13.1m | €13.0m | €13.4m | ▲ 3.5% |
| Land and buildings22 | €10.2m | €12.7m | €12.9m | €12.7m | €12.8m | ▲ 0.3% |
| Furniture and vehicles24 | - | - | - | - | €1,170 | - |
| Other tangible fixed assets26 | €234,367 | €226,085 | €217,636 | €209,187 | €246,512 | ▲ 17.8% |
| Assets under construction and advance payments27 | - | - | - | - | €370,225 | - |
| Financial fixed assets28 | €2,250 | €2,250 | €2,250 | €2,250 | €7,830 | ▲ 248% |
| Current assets29/58 | €1.4m | €983,666 | €621,247 | €670,851 | €176,097 | ▼ 73.8% |
| Amounts receivable within one year40/41 | €1.3m | €983,578 | €150,299 | €610,405 | €109,244 | ▼ 82.1% |
| Trade receivables40 | €507,976 | €408,670 | €110,751 | €73,642 | €109,244 | ▲ 48.3% |
| Other amounts receivable41 | €831,439 | €574,908 | €39,549 | €536,763 | - | - |
| Cash at bank and in hand54/58 | €19,048 | €88 | €469,840 | €59,327 | €58,778 | ▼ 0.9% |
| Deferred charges and accrued income490/1 | - | - | €1,107 | €1,119 | €8,075 | ▲ 622% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.7m | €13.9m | €13.7m | €13.6m | €13.6m | ▼ 0.3% |
| Equity10/15 | €8.4m | €10.7m | €11.0m | €11.1m | €10.7m | ▼ 4.0% |
| Contributions10/11 | €221,042 | €221,042 | €221,042 | €221,042 | €221,042 | = |
| Capital10 | €221,042 | €221,042 | €221,042 | €221,042 | €221,042 | = |
| Issued capital100 | €221,042 | €221,042 | €221,042 | €221,042 | €221,042 | = |
| Revaluation surpluses12 | €6.2m | €7.4m | €7.4m | €7.4m | €7.4m | = |
| Reserves13 | €2.1m | €3.1m | €3.4m | €3.5m | €3.1m | ▼ 12.6% |
| Non-distributable reserves130/1 | €47,500 | €47,500 | €47,500 | €47,500 | €47,500 | = |
| Legal reserve130 | €47,500 | €47,500 | €47,500 | €47,500 | €47,500 | = |
| Distributable reserves133 | €2.0m | €3.0m | €3.3m | €3.5m | €3.0m | ▼ 12.7% |
| Provisions and deferred taxes16 | €210,880 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €210,880 | - | - | - | - | - |
| Other liabilities and charges164/5 | €210,880 | - | - | - | - | - |
| Amounts payable17/49 | €3.1m | €3.2m | €2.8m | €2.5m | €2.9m | ▲ 16.1% |
| Amounts payable after more than one year17 | €2.5m | €2.5m | €2.2m | €1.9m | €2.0m | ▲ 4.2% |
| Financial debts170/4 | €2.5m | €2.5m | €2.2m | €1.9m | €1.6m | ▼ 17.4% |
| Other amounts payable178/9 | - | - | - | - | €410,000 | - |
| Amounts payable within one year42/48 | €597,028 | €699,617 | €369,920 | €373,071 | €673,136 | ▲ 80.4% |
| Current portion of amounts payable after more than one year42 | €151,848 | €309,866 | €316,588 | €322,447 | €330,002 | ▲ 2.3% |
| Financial debts43 | €250,000 | €252,182 | - | - | - | - |
| Credit institutions430/8 | €250,000 | €252,182 | - | - | - | - |
| Trade debts44 | €1,396 | €14,113 | €45,749 | €2,658 | €257,852 | ▲ 9,601% |
| Suppliers440/4 | €1,396 | €14,113 | €45,749 | €2,658 | €257,852 | ▲ 9,601% |
| Taxes, remuneration and social security45 | €173,784 | €123,455 | €362 | €40,745 | €46,658 | ▲ 14.5% |
| Taxes450/3 | €173,784 | €123,455 | €362 | €35,103 | €20,389 | ▼ 41.9% |
| Remuneration and social security454/9 | - | - | - | €5,642 | €26,269 | ▲ 366% |
| Other amounts payable47/48 | €20,000 | - | €7,221 | €7,221 | €38,625 | ▲ 435% |
| Accrued charges and deferred income492/3 | €5,461 | €2,984 | €183,650 | €223,219 | €245,643 | ▲ 10.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €1.0m | €280,692 | €163,816 | -€444,757 | ▼ 371% |
| + Depreciation and write-downs630 | €52,719 | €209,573 | €55,290 | €34,895 | €35,759 | ▲ 2.5% |
| Operating cash flow (approximation) | €1.2m | €1.3m | €335,982 | €198,712 | -€408,998 | ▼ 306% |
| Investment in fixed assets (approximation) | - | -€2.8m | -€232,783 | €117,834 | -€488,243 | ▼ 514% |
| Change in cash | - | -€18,959 | €469,752 | -€410,513 | -€550 | ▲ 99.9% |
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
Next filing, fiscal year 2026, expected by
2026
24-06
State Gazette act
BenamingName change · Statutes amendment · Power of attorney4 facts ▸
State Gazette act
Benaming
Name change · Statutes amendment · Power of attorney4 facts ▸
- General meeting, 19-06-2026
- Name change, Valtilon Belgium NV
- Statutes amendment, 1
- Power of attorney, Koen Diegenant
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
22-05
State Gazette act
Resignation: COCO & CO BV (director)Permanent representative: Kris Rombouts-Heylen3 facts ▸
State Gazette act
Resignation: COCO & CO BV (director)
Permanent representative: Kris Rombouts-Heylen3 facts ▸
- General meeting, 05-11-2025
- Director resignation, COCO & CO BV (director)
- Permanent representative, Kris Rombouts-Heylen (permanent vertegenwoordiger)
2025
31-12
Financial
Weakest financial yearnet -€444,757
Net result drops to -€444,757, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 14 days late
2022
31-12
Financial
Equity above €10mEq €10.7m ▲26.7%
3 profitable years in a row build equity to €10.7m.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €1.1m ▲2,306%
Operating result €1.2m, net result €1.1m, both a record.
31-12
Financial
Liquidity times 10current ratio 2.28
Current ratio from 0.23 to 2.28; short-term debt falls from €736,423 to €597,028.
31-12
Financial
Equity above €5mEq €8.4m ▲126%
2 profitable years in a row build equity to €8.4m.
Show earlier events
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €46,781
Net result €46,781 after one loss-making year.
31-12
Financial
Equity above €2mEq €3.7m ▲1,586%
Equity rises from €221,042 to €3.7m.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 14 acts read
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 2 have been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
12 of this company's 14 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Etterbeek · 2 establishment units since 2015
Ground area
4,410 m²
Building footprint
1,527 m²
Volume, LiDAR
26,518 m³
2 parcels, Brussels, Flanders · tallest building 28.8 m, ±6 floors. Linked by address, not a title deed.
89
companies at this address
See who is registered here
2 establishment units
Asteria Infrastructure
since 20152.255.108.854
Asteria Infrastructure
since 20252.382.839.840
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0204/00R000 | Flanders | 3,774 m² | 1 · 1,004 m² | 24.9 m · 6 fl. |
| 21362B0286/00M010 | Brussels | 636 m² | 1 · 522 m² | 28.8 m · 6 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| COCO & CO BV |
|
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of Asteria Infrastructure and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Identification & contact
Identification
Legal formPublic limited company
Founded19-11-2015
Fiscal year end31-12
Legal name NL
Valtilon Belgium NV
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
61200Telecommunications resale and intermediation services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0643457715
Registered
28-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.