ASTES
ActiveSummary
ASTES has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €115k and a net result of €90k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 21% of 143 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability56▼-23
Solvency32▼-1
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 3.7 in 2023; short-term debt: 21.6% and cash: 1.1% of total assets), but 93% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% fewer 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 143 sector peers (2024).
NBB · sector comparisonPosition among 143 sector peers
Solvency
better than 21%
← weakest
strongest →
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 26-05-2025, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
66 d early
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
55 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€115k▼ 20.6%
2023 · €144k
2018: €135k
2019: €156k▲ +15.8% vs 2018highest in 7 years
2020: €110k▼ -29.3% vs 2019lowest in 7 years
2021: €111k▲ +0.6% vs 2020
2022: €119k▲ +7.7% vs 2021
2023: €144k▲ +21.1% vs 2022
2024: €115k▼ -20.6% vs 2023
2018 → 2024
Total assets
€1.63M▼ 9.9%
2023 · €1.81M
2018: €1.25M
2019: €1.21M▼ -3.0% vs 2018
2020: €1.11M▼ -8.2% vs 2019
2021: €1.01M▼ -8.7% vs 2020
2022: €901k▼ -11.2% vs 2021lowest in 7 years
2023: €1.81M▲ +101% vs 2022highest in 7 years
2024: €1.63M▼ -9.9% vs 2023
2018 → 2024
Net result
€90k▼ 37.8%
2023 · €145k
2018: €26klowest in 7 years
2019: €41k▲ +58.7% vs 2018
2020: €61k▲ +48.4% vs 2019
2021: €113k▲ +83.8% vs 2020
2022: €109k▼ -3.6% vs 2021
2023: €145k▲ +33.8% vs 2022highest in 7 years
2024: €90k▼ -37.8% vs 2023
2018 → 2024
Working capital
€226k▼ 73.0%
2023 · €838k
2018: €-711klowest in 7 years
2019: €4k▲ +100% vs 2018
2020: €213k▲ +5972% vs 2019
2021: €163k▼ -23.5% vs 2020
2022: €165k▲ +1.2% vs 2021
2023: €838k▲ +408% vs 2022highest in 7 years
2024: €226k▼ -73.0% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€110k-€111k▲ 0.6%€119k▲ 7.7%€144k▲ 21.1%€115k▼ 20.6%
2020: €110klowest in 5 years
2021: €111k▲ +0.6% vs 2020
2022: €119k▲ +7.7% vs 2021
2023: €144k▲ +21.1% vs 2022highest in 5 years
2024: €115k▼ -20.6% vs 2023
Operating result€77k-€133k▲ 72.8%€128k▼ 3.7%€136k▲ 5.9%€116k▼ 14.3%
2020: €77klowest in 5 years
2021: €133k▲ +72.8% vs 2020
2022: €128k▼ -3.7% vs 2021
2023: €136k▲ +5.9% vs 2022highest in 5 years
2024: €116k▼ -14.3% vs 2023
Net result€61k-€113k▲ 83.8%€109k▼ 3.6%€145k▲ 33.8%€90k▼ 37.8%
2020: €61klowest in 5 years
2021: €113k▲ +83.8% vs 2020
2022: €109k▼ -3.6% vs 2021
2023: €145k▲ +33.8% vs 2022highest in 5 years
2024: €90k▼ -37.8% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 14% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.63M
Fixed assets
€1.05M ▲ 58.6%
Current assets
€580k ▼ 49.5%
Equity and liabilities €1.63M
Equity
€115k ▼ 20.6%
Debt
€1.52M ▼ 8.9%
Debt's share of the balance-sheet total rises from 92.0% to 93.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€176k▲
2023 · €168k
Cash flow
€150k▼
2023 · €178k
Current ratio
1.64▼
2023 · 3.70
Debt to equity
13.25▲
2023 · 11.56
ROE
78.7%▼
2023 · 100.5%
ROA
5.5%▼
2023 · 8.0%
Interest coverage
3.66▼
2023 · 6.73
Debt ≤ 1 year
€354k▲
2023 · €310k
Debt > 1 year
€1.16M▼
2023 · €1.35M
Income taxes
€23k▼
2023 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.81M€1.63M▼
Fixed assets21/28€665k€1.05M▲
Tangible fixed assets22/27€664k€1.05M▲
Land and buildings22€493k€1.05M▲
Plant, machinery and equipment23-€2k
Assets under construction and advance payments27€171k-
Financial fixed assets28€1k€1k=
Current assets29/58€1.15M€580k▼
Amounts receivable after more than one year29€1.10M€560k▼
Other amounts receivable291€1.10M€560k▼
Amounts receivable within one year40/41€19k€652▼
Trade receivables40-€197
Other amounts receivable41€19k€455▼
Cash at bank and in hand54/58€28k€18k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.81M€1.63M▼
Equity10/15€144k€115k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Profit (loss) carried forward14€34k€5k▼
Amounts payable17/49€1.67M€1.52M▼
Amounts payable after more than one year17€1.35M€1.16M▼
Financial debts170/4€1.35M€1.16M▼
Amounts payable within one year42/48€310k€354k▲
Current portion of amounts payable after more than one year42€178k€190k▲
Trade debts44€12k€33k▲
Suppliers440/4€12k€33k▲
Taxes, remuneration and social security45-€11k
Taxes450/3-€11k
Other amounts payable47/48€120k€120k=
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€60k▲
Other operating charges640/8€34k€35k▲
Gross operating margin9900€202k€211k▲
Operating profit (loss)9901€136k€116k▼
Financial income75/76B€59k€45k▼
Recurring financial income75€59k€45k▼
Financial charges65/66B€25k€48k▲
Recurring financial charges65€25k€48k▲
Profit (loss) for the period before taxes9903€169k€113k▼
Income taxes67/77€24k€23k▼
Profit (loss) for the period9904€145k€90k▼
Profit (loss) for the period to be appropriated9905€145k€90k▼
Appropriation of the result
Profit (loss) to be appropriated9906€154k€125k▼
Profit (loss) brought forward from the previous period14P€9k€34k▲
Profit to be distributed694/7€120k€120k=
Return on contributions (dividend)694€70k€70k=
Directors or managers695€50k€50k=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66k | €53k | €48k | €33k | €60k | ▲ 83.5% |
| Other operating charges640/8 | - | €37k | €41k | €34k | €35k | ▲ 3.1% |
| Gross operating margin9900 | €177k | €223k | €217k | €202k | €211k | ▲ 4.4% |
| Operating profit (loss)9901 | €77k | €133k | €128k | €136k | €116k | ▼ 14.3% |
| Financial income75/76B | - | €14k | €11k | €59k | €45k | ▼ 23.1% |
| Recurring financial income75 | €11k | €14k | €11k | €59k | €45k | ▼ 23.1% |
| Financial charges65/66B | - | €13k | €11k | €25k | €48k | ▲ 92.7% |
| Recurring financial charges65 | €17k | €13k | €11k | €25k | €48k | ▲ 92.7% |
| Profit (loss) for the period before taxes9903 | €71k | €134k | €128k | €169k | €113k | ▼ 33.2% |
| Income taxes67/77 | €10k | €22k | €19k | €24k | €23k | ▼ 5.3% |
| Profit (loss) for the period9904 | €61k | €113k | €109k | €145k | €90k | ▼ 37.8% |
| Profit (loss) for the period to be appropriated9905 | €61k | €113k | €109k | €145k | €90k | ▼ 37.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.11M | €1.01M | €901k | €1.81M | €1.63M | ▼ 9.9% |
| Fixed assets21/28 | €677k | €625k | €527k | €665k | €1.05M | ▲ 58.6% |
| Tangible fixed assets22/27 | €626k | €573k | €525k | €664k | €1.05M | ▲ 58.7% |
| Land and buildings22 | - | €573k | €525k | €493k | €1.05M | ▲ 113% |
| Plant, machinery and equipment23 | - | - | - | - | €2k | - |
| Assets under construction and advance payments27 | - | - | - | €171k | - | - |
| Financial fixed assets28 | €51k | €51k | €1k | €1k | €1k | = |
| Current assets29/58 | €434k | €390k | €374k | €1.15M | €580k | ▼ 49.5% |
| Amounts receivable after more than one year29 | - | €316k | €300k | €1.10M | €560k | ▼ 49.1% |
| Other amounts receivable291 | - | €316k | €300k | €1.10M | €560k | ▼ 49.1% |
| Amounts receivable within one year40/41 | - | - | - | €19k | €652 | ▼ 96.6% |
| Trade receivables40 | - | - | - | - | €197 | - |
| Other amounts receivable41 | - | - | - | €19k | €455 | ▼ 97.6% |
| Cash at bank and in hand54/58 | €42k | €69k | €73k | €28k | €18k | ▼ 36.3% |
| Deferred charges and accrued income490/1 | - | €5k | €998 | €2k | €2k | ▼ 0.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.11M | €1.01M | €901k | €1.81M | €1.63M | ▼ 9.9% |
| Equity10/15 | €110k | €111k | €119k | €144k | €115k | ▼ 20.6% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | - | €100k | €100k | €100k | €100k | = |
| Issued capital100 | - | €100k | €100k | €100k | €100k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | - | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | - | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €102 | €726 | €9k | €34k | €5k | ▼ 86.3% |
| Amounts payable17/49 | €1.00M | €904k | €782k | €1.67M | €1.52M | ▼ 8.9% |
| Amounts payable after more than one year17 | €775k | €672k | €568k | €1.35M | €1.16M | ▼ 14.0% |
| Financial debts170/4 | - | €672k | €568k | €1.35M | €1.16M | ▼ 14.0% |
| Amounts payable within one year42/48 | €220k | €227k | €209k | €310k | €354k | ▲ 14.0% |
| Current portion of amounts payable after more than one year42 | - | €103k | €95k | €178k | €190k | ▲ 6.7% |
| Trade debts44 | - | - | - | €12k | €33k | ▲ 172% |
| Suppliers440/4 | - | - | - | €12k | €33k | ▲ 172% |
| Taxes, remuneration and social security45 | - | €12k | €14k | - | €11k | - |
| Taxes450/3 | - | €12k | €14k | - | €11k | - |
| Other amounts payable47/48 | - | €112k | €100k | €120k | €120k | = |
| Accrued charges and deferred income492/3 | - | €5k | €4k | €4k | €2k | ▼ 59.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €113k | €109k | €145k | €90k | ▼ 37.8% |
| + Depreciation and write-downs630 | €66k | €53k | €48k | €33k | €60k | ▲ 83.5% |
| Operating cash flow (approximation) | €127k | €165k | €156k | €178k | €150k | ▼ 15.5% |
| Investment in fixed assets (approximation) | - | €0 | €50k | €-171k | €-450k | ▼ 163% |
| Change in cash | - | €27k | €4k | €-46k | €-10k | ▲ 78.1% |
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
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €145k ▲33.8%
Operating result €136k, net result €145k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.70
Current ratio from 1.79 to 3.70.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Liquidity triplescurrent ratio 1.01
Current ratio from 0.36 to 1.01; short-term debt falls from €1.11M to €464k.
30-09
Financial
Equity above €150kEq €156k ▲15.8%
2 profitable years in a row build equity to €156k.
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
21-03
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 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
12 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, Harelbeke · 1 establishment unit since 1997
Ground area
4,988 m²
Building footprint
2,040 m²
Volume, LiDAR
9,153 m³
2 parcels, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Politieke Gevangenenstraat 28, 8530 Harelbeke
since 19972.079.404.935
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34322B0554/00M002 | Flanders | 4,579 m² | 1 · 2,040 m² | 6.7 m · 2 fl. |
| 34322B0546/00T003 | Flanders | 408 m² | - | - |
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.
Similar companies · same sector, comparable size
Lumency
BE 0644.838.281
Brussel · Eq €114k
DROLO
BE 0740.578.766
Bièvre · Eq €111k
Uptime ICT
BE 0500.497.234
Grâce-Hollogne · Eq €120k
METEC
BE 0441.803.623
Zonhoven · Eq €121k
BEN KENIS
BE 0830.031.572
Wuustwezel · Eq €105k
Of 249 companies in sector 26110 we hold annual accounts for 183. 85 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-10-1996
Fiscal year end31-12
Activities, NACEBEL 2025
26110Manufacture of computer, electronic and optical products
Contact
Phone
0475 27 57 15Harelbeke
Scores and ratios are computed by Checked and are not a credit decision.