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ASTES

Active
Public limited companyfounded 199629 yrs activePolitieke Gevangenenstraat 18, 8530 Harelbeke, BelgiumKBO/BCE: BE 0459.054.181
Summary

ASTES has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €114,730 and a net result of €90,291. 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 €6,000 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.
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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 date
Age against the risk zone
highest failure risk from 2 to 8 years 29 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 comparison
Position 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 filings
Deviation 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 →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ASTES was incorporated on 21 October 1996.1 Total assets rose from EUR 1.2 million in 2018 to EUR 1.6 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€114,730▼ 20.6%
2023 · €144,439
Total assets
€1.6m▼ 9.9%
2023 · €1.8m
Net result
€90,291▼ 37.8%
2023 · €145,183
Working capital
€226,312▼ 73.0%
2023 · €838,035
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, 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
Line20202021202220232024
Operating result€77,015▲ 54.5%€133,069▲ 72.8%€128,107▼ 3.7%€135,631▲ 5.9%€116,205▼ 14.3%
Net result€61,291within the sector's middle half▲ 48.4%€112,624within the sector's middle half▲ 83.8%€108,530within the sector's middle half▼ 3.6%€145,183within the sector's middle half▲ 33.8%€90,291within the sector's middle half▼ 37.8%
Equity€110,102within the sector's middle half▼ 29.3%€110,726below the sector's middle half▲ 0.6%€119,256below the sector's middle half▲ 7.7%€144,439within the sector's middle half▲ 21.1%€114,730within the sector's middle half▼ 20.6%
Total assets€1.1mwithin the sector's middle half▼ 8.2%€1.0mwithin the sector's middle half▼ 8.7%€900,977within the sector's middle half▼ 11.2%€1.8mwithin the sector's middle half▲ 101%€1.6mwithin the sector's middle half▼ 9.9%
Debt€1.0m▼ 5.1%€903,895▼ 9.7%€781,721▼ 13.5%€1.7m▲ 114%€1.5m▼ 8.9%
Working capital€213,309▲ 5,972%€163,077▼ 23.5%€165,029▲ 1.2%€838,035▲ 408%€226,312▼ 73.0%
Solvency9.9%below the sector's middle half▼ 3.0pp10.9%below the sector's middle half▲ 1.0pp13.2%below the sector's middle half▲ 2.3pp8.0%below the sector's middle half▼ 5.3pp7.0%below the sector's middle half▼ 0.9pp
above within below the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, 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
€0€50,000€100,000€150,000Operating result 2020: €77,015€77,015Net result 2020: €61,291€61,291Operating result 2021: €133,069€133,069Net result 2021: €112,624€112,624Operating result 2022: €128,107€128,107Net result 2022: €108,530€108,530Operating result 2023: €135,631€135,631Net result 2023: €145,183€145,183Operating result 2024: €116,205€116,205Net result 2024: €90,291€90,29120202021202220232024€0€50,000€100,000€150,000Operating result 2022: €128,107€128,000Net result 2022: €108,530€109,000Operating result 2023: €135,631€136,000Net result 2023: €145,183€145,000Operating result 2024: €116,205€116,000Net result 2024: €90,291€90,300202220232024
The operating result falls in 2024; 2024 is 14% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets €1.1m ▲ 58.6%
Current assets €580,037 ▼ 49.5%
Equity and liabilities €1.6m
Equity €114,730 ▼ 20.6%
Debt €1.5m ▼ 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
2024 value · change against 2023
EBITDA
€176,302▲
2023 · €168,386
Cash flow
€150,388▼
2023 · €177,938
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
€353,725▲
2023 · €310,315
Debt > 1 year
€1.2m▼
2023 · €1.4m
Income taxes
€22,802▼
2023 · €24,075
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 496 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
3.2% stopped otherwise
95% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 496 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.8m€1.6m▼
Fixed assets21/28€665,146€1.1m▲
Tangible fixed assets22/27€663,696€1.1m▲
Land and buildings22€492,652€1.1m▲
Plant, machinery and equipment23-€2,339
Assets under construction and advance payments27€171,044-
Financial fixed assets28€1,450€1,450=
Current assets29/58€1.1m€580,037▼
Amounts receivable after more than one year29€1.1m€560,000▼
Other amounts receivable291€1.1m€560,000▼
Amounts receivable within one year40/41€18,970€652▼
Trade receivables40-€197
Other amounts receivable41€18,970€455▼
Cash at bank and in hand54/58€27,515€17,524▼
Deferred charges and accrued income490/1€1,865€1,860▼
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.6m▼
Equity10/15€144,439€114,730▼
Contributions10/11€100,000€100,000=
Capital10€100,000€100,000=
Issued capital100€100,000€100,000=
Reserves13€10,000€10,000=
Non-distributable reserves130/1€10,000€10,000=
Legal reserve130€10,000€10,000=
Profit (loss) carried forward14€34,439€4,730▼
Amounts payable17/49€1.7m€1.5m▼
Amounts payable after more than one year17€1.4m€1.2m▼
Financial debts170/4€1.4m€1.2m▼
Amounts payable within one year42/48€310,315€353,725▲
Current portion of amounts payable after more than one year42€178,260€190,182▲
Trade debts44€12,055€32,743▲
Suppliers440/4€12,055€32,743▲
Taxes, remuneration and social security45-€10,800
Taxes450/3-€10,800
Other amounts payable47/48€120,000€120,000=
Accrued charges and deferred income492/3€3,979€1,601▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32,755€60,097▲
Other operating charges640/8€33,933€34,984▲
Gross operating margin9900€202,320€211,286▲
Operating profit (loss)9901€135,631€116,205▼
Financial income75/76B€58,635€45,080▼
Recurring financial income75€58,635€45,080▼
Financial charges65/66B€25,008€48,193▲
Recurring financial charges65€25,008€48,193▲
Profit (loss) for the period before taxes9903€169,258€113,093▼
Income taxes67/77€24,075€22,802▼
Profit (loss) for the period9904€145,183€90,291▼
Profit (loss) for the period to be appropriated9905€145,183€90,291▼
Appropriation of the result
Profit (loss) to be appropriated9906€154,439€124,730▼
Profit (loss) brought forward from the previous period14P€9,256€34,439▲
Profit to be distributed694/7€120,000€120,000=
Return on contributions (dividend)694€70,000€70,000=
Directors or managers695€50,000€50,000=

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65,944€52,755€47,755€32,755€60,097▲ 83.5%
Other operating charges640/8-€37,298€41,155€33,933€34,984▲ 3.1%
Gross operating margin9900€176,890€223,122€217,017€202,320€211,286▲ 4.4%
Operating profit (loss)9901€77,015€133,069€128,107€135,631€116,205▼ 14.3%
Financial income75/76B-€14,051€11,407€58,635€45,080▼ 23.1%
Recurring financial income75€11,287€14,051€11,407€58,635€45,080▼ 23.1%
Financial charges65/66B-€12,841€11,492€25,008€48,193▲ 92.7%
Recurring financial charges65€17,011€12,841€11,492€25,008€48,193▲ 92.7%
Profit (loss) for the period before taxes9903€71,291€134,279€128,022€169,258€113,093▼ 33.2%
Income taxes67/77€10,000€21,655€19,492€24,075€22,802▼ 5.3%
Profit (loss) for the period9904€61,291€112,624€108,530€145,183€90,291▼ 37.8%
Profit (loss) for the period to be appropriated9905€61,291€112,624€108,530€145,183€90,291▼ 37.8%
Line20202021202220232024Change
Assets
Total assets20/58€1.1m€1.0m€900,977€1.8m€1.6m▼ 9.9%
Fixed assets21/28€677,367€624,612€526,857€665,146€1.1m▲ 58.6%
Tangible fixed assets22/27€625,917€573,162€525,407€663,696€1.1m▲ 58.7%
Land and buildings22-€573,162€525,407€492,652€1.1m▲ 113%
Plant, machinery and equipment23----€2,339-
Assets under construction and advance payments27---€171,044--
Financial fixed assets28€51,450€51,450€1,450€1,450€1,450=
Current assets29/58€433,641€390,009€374,120€1.1m€580,037▼ 49.5%
Amounts receivable after more than one year29-€315,645€300,000€1.1m€560,000▼ 49.1%
Other amounts receivable291-€315,645€300,000€1.1m€560,000▼ 49.1%
Amounts receivable within one year40/41---€18,970€652▼ 96.6%
Trade receivables40----€197-
Other amounts receivable41---€18,970€455▼ 97.6%
Cash at bank and in hand54/58€42,316€68,989€73,122€27,515€17,524▼ 36.3%
Deferred charges and accrued income490/1-€5,375€998€1,865€1,860▼ 0.3%
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.0m€900,977€1.8m€1.6m▼ 9.9%
Equity10/15€110,102€110,726€119,256€144,439€114,730▼ 20.6%
Contributions10/11€100,000€100,000€100,000€100,000€100,000=
Capital10-€100,000€100,000€100,000€100,000=
Issued capital100-€100,000€100,000€100,000€100,000=
Reserves13€10,000€10,000€10,000€10,000€10,000=
Non-distributable reserves130/1-€10,000€10,000€10,000€10,000=
Legal reserve130-€10,000€10,000€10,000€10,000=
Profit (loss) carried forward14€102€726€9,256€34,439€4,730▼ 86.3%
Amounts payable17/49€1.0m€903,895€781,721€1.7m€1.5m▼ 8.9%
Amounts payable after more than one year17€775,002€671,670€568,338€1.4m€1.2m▼ 14.0%
Financial debts170/4-€671,670€568,338€1.4m€1.2m▼ 14.0%
Amounts payable within one year42/48€220,332€226,932€209,091€310,315€353,725▲ 14.0%
Current portion of amounts payable after more than one year42-€103,332€94,999€178,260€190,182▲ 6.7%
Trade debts44---€12,055€32,743▲ 172%
Suppliers440/4---€12,055€32,743▲ 172%
Taxes, remuneration and social security45-€11,600€14,092-€10,800-
Taxes450/3-€11,600€14,092-€10,800-
Other amounts payable47/48-€112,000€100,000€120,000€120,000=
Accrued charges and deferred income492/3-€5,293€4,292€3,979€1,601▼ 59.8%
Line20202021202220232024Change
Profit (loss) for the period9904€61,291€112,624€108,530€145,183€90,291▼ 37.8%
+ Depreciation and write-downs630€65,944€52,755€47,755€32,755€60,097▲ 83.5%
Operating cash flow (approximation)€127,235€165,379€156,285€177,938€150,388▼ 15.5%
Investment in fixed assets (approximation)-€0€50,000-€171,044-€449,551▼ 163%
Change in cash-€26,673€4,132-€45,607-€9,990▲ 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.

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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 €145,183 ▲33.8%
Operating result €135,631, net result €145,183, 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 €1.1m to €463,535.
30-09
Financial Equity above €150,000Eq €155,811 ▲15.8%
2 profitable years in a row build equity to €155,811.
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
seat establishment The establishment unit on the map
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
NACE 7412401
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.

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. PATRIMCOUR 86.02%
  2. Assemblics International 100%
  3. ASTES

Highest known parent: PATRIMCOUR. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the 2024 annual accounts of ASTES 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.

Similar companies · same sector, comparable size

Of 248 companies in sector 26110 we hold annual accounts for 182. 84 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
E-invoicing
Reachable via Peppol
Peppol ID 0208:0459054181
Registered 27-03-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.