Skip to content

AsterX Group

Active
Public limited company·Groothandel in dranken, algemeen assortiment· 22 yrs active
Oudestraat 5 ·2630 Aartselaar, Belgium
KBO/BCE: BE 0863.412.935
Watch Print / PDF
Full dossier in preparation

Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

Process with priority Sign in free to move this company to the front.
Age22 yrs
Board7
Connections8
Real estate2 parcels · 2.0 ha

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of AsterX Group is 0.5% (low). The 2025 annual accounts show equity of €91k and a net result of €-3k. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 15% of 335 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.5% Low
0%0,5%1,5%4%10%≥25%
Long track record −Lower-risk legal form −Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

2 signals · with evidence
Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 335 sector peers (2025).
View the sector comparison
Growing equity
Equity grew over 2022-2025. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 29-09-2025, 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.
How we compute the deadline
This company changed its financial year: its two most recent filings do not close on the same date. Each filed year keeps its own exact deadline, but we project no following year on 31-01, because adding twelve months right after a change is unreliable. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-01-2025, that is 31-08-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-01-2025 31-08-2025 29-09-2025 29 d late 2025-00531664
31-12-2023 31-07-2024 16-07-2024 15 d early 2024-00250680
31-12-2022 31-07-2023 28-07-2023 3 d early 2023-00306170
31-12-2021 31-07-2022 27-07-2022 4 d early 2022-20229645
31-12-2020 31-07-2021 04-06-2021 57 d early 2021-17300267
31-12-2019 31-07-2020 26-06-2020 35 d early 2020-21300118
31-12-2018 31-07-2019 25-06-2019 36 d early 2019-22500572
31-12-2017 31-07-2018 08-06-2018 53 d early 2018-17100255
31-12-2016 31-07-2017 16-06-2017 45 d early 2017-18500592
31-12-2015 31-07-2016 21-09-2016 52 d late 2016-60600096

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Long-established
Founded in 2004, 22 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-3k+26.1%
Working capital€-1.36M

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 29-09-2025 with the NBB · fiscal year 2025 · verkort
€-5k€0€5k€10kOperating result 2020: €6k€6kNet result 2020: €7k€7kOperating result 2021: €10k€10kNet result 2021: €10k€10kOperating result 2022: €965€965Net result 2022: €708€708Operating result 2023: €-4k€-4kNet result 2023: €-4k€-4kOperating result 2025: €4k€4kNet result 2025: €-3k€-3k20202021202220232025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~17.8%/year over 7 fiscal years, indicative, assuming unchanged policy.
€-50k€0€50k€100k€150k2026: €98k (€91k - €106k)2027: €107k (€98k - €117k)2028: €116k (€103k - €130k)2018: €-6k2019: €38k2020: €44k2021: €54k2022: €55k2023: €51k2025: €91k2018201920202021202220232025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 4.2% 35.1%
better than 15% of 335 sector peers
Net result €-3k €42k
better than 22% of 335 sector peers
Equity €91k €278k
better than 30% of 335 sector peers
Gross operating margin €166k €240k
better than 40% of 334 sector peers
Total assets €2.13M €1.22M
better than 69% of 335 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P15
2020: P72 · n=5172021: P85 · n=6082022: P85 · n=7802023: P90 · n=8832025: P15 · n=3352020 2025
Stable position over 2020-2025 · n=335-883
Net result P22
2020: P40 · n=5162021: P35 · n=6082022: P30 · n=7822023: P28 · n=8822025: P22 · n=3352020 2025
Weakening position over 2020-2025 · n=335-882
Equity P30
2020: P21 · n=5172021: P28 · n=6092022: P31 · n=7822023: P34 · n=8842025: P30 · n=3352020 2025
Improving position over 2020-2025 · n=335-884
Gross operating margin P40
2020: P14 · n=5152021: P16 · n=6072022: P13 · n=7812023: P13 · n=8812025: P40 · n=3342020 2025
Stable position over 2020-2025 · n=334-881
Describes the position versus peers, not a forecast.
EBITDA
€165k
- 18-25
Net profit
€-3k
+26.1% 18-25
Cash flow
€158k
- 18-25
Total assets
€2.13M
+3247.8% 18-25
Equity
€91k
+78.3% 18-25
Working capital
€-1.36M
- 18-25
Debt
€2.04M
+15741.4% 18-25
Debt ≤ 1y
€1.97M
+15168.1% 18-25
Debt > 1y
€70k
- 18-25
Current ratio
0.31
-93.7% 18-25
Quick ratio
0.31
-93.7% 18-25
Solvency
4.2%
-94.7% 18-25
Debt / equity
22.54
+8784.1% 18-25
ROE
-3.5%
+58.6% 18-25
ROA
-0.1%
+97.8% 18-25
Interest coverage
16.89
- 18-25
Figures by fiscal year
Fiscal year2025
Depositverkort
Revenue-
EBITDA€165k
Net profit€-3k
Cash flow€158k
Staff costs-
Income taxes-
Dividends-
Total assets€2.13M
Equity€91k
Debt€2.04M
of which ≤ 1y€1.97M
of which > 1y€70k
Working capital€-1.36M
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.31
Quick ratio0.31
Working capital ratio-63.8%
Solvency4.2%
Debt / equity22.54
Long-term debt ratio0.77
Interest coverage16.89
Gross margin-
Net margin-
ROA-0.1%
ROE-3.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€2.13M
Fixed assets 21/28€1.52M
Intangible fixed assets 21€933k
Financial fixed assets 28€591k
Current assets 29/58€607k
Amounts receivable within one year 40/41€522k
Cash & bank 54/58€43k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.13M
Equity 10/15€91k
Contributions / capital 10/11€62k
Reserves 13€32k
Accumulated profits (losses) 14€-3k
Amounts payable 17/49€2.04M
Amounts payable after one year 17€70k
Amounts payable within one year 42/48€1.97M
Trade debts payable within one year 44€1.41M
Income statement
Gross operating margin 9900€166k
Operating result 9901€4k
Financial income 75€2k
Financial charges 65€10k
Result before taxes 9903€-3k
Net result for the period 9904€-3k
Result to be appropriated 9905€-3k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
31 / 100 Weak
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

8 directors
Current directors & mandates
  • DegilaLegal entity
    Director· perm. rep.: Ruben Devrieze
    State Gazette act 25162809 (29-12-2025)
    Current
    28-10-2025 → present
  • F.F.M.Legal entity
    Director· perm. rep.: Christophe Geeraerts
    State Gazette act 25162809 (29-12-2025)
    Current
    28-10-2025 → present
  • Jan Devrieze
    Director
    State Gazette act 25162809 (29-12-2025)
    Current
    28-10-2025 → present
  • D.T.Legal entity
    Director· perm. rep.: Jan Devrieze
    State Gazette act 24421691 (09-08-2024)
    Current
    09-08-2024 → present
  • EDCC
    Director
    State Gazette act 24421691 (09-08-2024)
    Current
    09-08-2024 → present
  • STEVEN VALGAEREN
    Director
    State Gazette act 24421691 (09-08-2024)
    Current
    09-08-2024 → present
  • FFM BVLegal entity
    Director· perm. rep.: Christophe Geeraerts
    State Gazette act 21144270 (09-12-2021)
    Current
    02-11-2021 → present
Former directors (1)
  • Raoul Gagelmans
    Director
    State Gazette act 21144270 (09-12-2021)
    Former
    - → 09-12-2021
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Groothandel in dranken, algemeen assortiment(46349)
Legal form Public limited company(014)
Incorporation13-02-2004
StatusActive
Postal code2630

Structure & network

Connections & network

8 connected companies
D.T., Sits on the board DD.T.Degila, Sits on the board DDegilaF.F.M., Sits on the board FF.F.M.AsterX Immo, We sit on their board AIAsterX ImmoBottle & Barrel, We sit on their board B&Bottle &BarrelJan Devrieze, Shared director JD Jan DevriezeASTERX HORECA, Shared corporate director AHASTERX HORECAHIPPO CAPSA, Shared corporate director HCHIPPO CAPSAAsterX Group AsterX Group0863.412.935
Group structureShared directors
Group structure
D.T.
Sits on the board · 2 subsidiaries · 1 location
Control→
Degila
Sits on the board · 2 subsidiaries · 2 locations
Control→
F.F.M.
Sits on the board · 4 subsidiaries · 1 location
Control→
AsterX Immo
We sit on their board · 1 location
→
Bottle & Barrel
We sit on their board · 1 location
→
Linked via shared directors
D.T.
viaJan Devrieze · Permanent representative
→
Network connections
ASTERX HORECA
Shared corporate director
→
HIPPO CAPSA
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

5 parties
Control over this companysits on this company's board3
F.F.M.
4 subsidiaries · 1 location
Degila
2 subsidiaries · 2 locations
D.T.
2 subsidiaries · 1 location
controls
AsterX GroupBE 0863.412.935
controls
Where this company holds controlthis company sits on their board2
AsterX Immo
1 location
Bottle & Barrel
1 location

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
6 companies at this address See who is registered here

Establishment units

1 location
MARNAN
Straatsburgdok-Noordkaai 27-28, 2030 Antwerpende verhuur van niet-residentiële gebouwen zoals kantoorgebouwen, handelspanden, tentoonstellingsruimtes, enz.
since 20042.136.222.288
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area2.0 ha
Buildings2
Building footprint1.1 ha
Volume (LiDAR)117,206 m³
Tallest building17.0 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11807G2131/00Y000 Flanders 1.2 ha 1 · 6,614 m² 17.0 m · 4 fl.
11001B0009/00M004 Flanders 8,329 m² 1 · 3,935 m² 9.2 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

5 acts
Capital history · 2
05-12-2025
v3.2
09-08-2024
v3.2
All acts · 5 updated 7 months ago
2025
29-12-2025 3 directors appointed, 3 resigning Director changes
  • Jan Devrieze, Bestuurder
  • Ruben Devrieze, Bestuurder
  • Christophe Geeraerts, Bestuurder
  • BV STEVEN VALGAEREN, Bestuurder
  • BV EDCC, Bestuurder
  • NV D.T., Bestuurder
Summary: v3.2
05-12-2025 Capital increase of €1,430,039.79 to €1,491,539.79 Capital & shares
  • €61.500 → €1.491.539,79
Summary: v3.2
13-11-2025 2 directors appointed, 2 resigning Director changes
  • Jan Devrieze, Bestuurder
  • Ruben Devrieze, Bestuurder
  • BV STEVEN VALGAEREN, Bestuurder
  • BV EDCC, Bestuurder
Summary: v3.2
2024
09-08-2024 Capital increase of €42,900 to €61,500 Capital & shares
  • €18.600 → €61.500
Summary: v3.2
2021
09-12-2021 1 director appointed, 1 resigning Director changes
  • Christophe Geeraerts, Bestuurder
  • Raoul Gagelmans, Bestuurder
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health31Profitability0Solvency3Growth78Stability100
42 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 31
Profitability 0
Solvency 3
Growth 78
Stability 100

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soon

AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 160 of the 1,571 companies in this sector. 121 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Groothandel in dranken, algemeen assortiment46349Groothandel in dranken, algemeen assortiment46349Cafés en bars56301Cafés en bars56301Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201Activiteiten van syndici van onroerend goed68321Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis68322
Primary activity highlighted.
Names & trade names
Legal nameNL AsterX Group
Registered office
Oudestraat 5
2630 Aartselaar, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.