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Astraform

Active
Public limited companyfounded 198342 yrs activeEksterenberg 31, 1790 Affligem, BelgiumKBO/BCE: BE 0425.919.278
Summary

The computed 12-month bankruptcy probability of Astraform is 4.5% (elevated). The 2024 annual accounts show negative equity (-€710,196) and a net result of -€84,976. Equity is shrinking by ~9.7% per year across the filed fiscal years. The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Activity not known1 site
Size
€142,414total assets 2024
Equity
-€710,196
Loss
-€84,976
Turnover not published (abridged schema)
Financial health
35 Weak Checked score 2024
Bankruptcy chance 12 m
4.5%
Structure
Accounts 64 d overdue0 of 1 deed read
Why 35- Loss of €84,976, the second in a row (FY 2024)- Liquidity: current ratio 0.47+ Size: total assets €142,414+ Founded in 1983Show the evidence

Checked score

Score 2024
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 8% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency 0=
equity -498.7% of total assets
Liquidity 0=
short-term debt 197.2%
Profitability 0-30
return on assets -59.7%
Bankruptcy probability, 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 1.3% 12-2024: 1.3%● 0.0% vs 11-2024 01-2025: 1.3%● 0.0% vs 12-2024 02-2025: 1.3%● 0.0% vs 01-2025 03-2025: 1.3%● 0.0% vs 02-2025 04-2025: 1.2%▼ -6.8% vs 03-2025lowest value 05-2025: 1.2%▲ +0.2% vs 04-2025 06-2025: 1.3%▲ +10.4% vs 05-2025 07-2025: 1.4%▲ +5.9% vs 06-2025 08-2025: 1.9%▲ +30.5% vs 07-2025 09-2025: 3.0%▲ +60.6% vs 08-2025 10-2025: 3.0%● 0.0% vs 09-2025 11-2025: 3.0%● 0.0% vs 10-2025 12-2025: 3.0%● 0.0% vs 11-2025 01-2026: 3.0%● 0.0% vs 12-2025 02-2026: 3.0%● 0.0% vs 01-2026 03-2026: 3.1%▲ +3.6% vs 02-2026 04-2026: 3.1%▼ -0.4% vs 03-2026 05-2026: 2.9%▼ -4.4% vs 04-2026 06-2026: 3.2%▲ +8.9% vs 05-2026 07-2026: 3.2%▲ +0.8% vs 06-2026 08-2026: 3.8%▲ +17.8% vs 07-2026 09-2026: 4.0%▲ +3.6% vs 08-2026 10-2026: 4.5%▲ +15.0% vs 09-2026highest value
  • Size: total assets €142,414 lowers the probability for this profile
  • Loss of €84,976, the second in a row (FY 2024) raises the probability
  • Founded in 1983 lowers the probability for this profile
  • Liquidity: current ratio 0.47 raises the probability
No credit on open account
Liquidity short (current ratio 0.47 against 0.78 in 2023; short-term debt: 197.2% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 5%, liquidity 1%, profitability 4%, growth against the median 21%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €142,414
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Loss of €84,976, the second in a row (FY 2024)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1983
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Liquidity: current ratio 0.47
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€710,196
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
22 d late
2023
83 d late
2022
31 d late
2021
90 d late
2020
87 d late
2019
49 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 60 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Annual accounts filedfiscal year 2022 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€710,196 View
  • Risk: 7 loss-making years in a rowloss fiscal year 2024 -€84,976 View
  • Caution: Result fell in 2024from -€7,345 to -€84,976 ▼ 1,057% View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View

By topic

Financials

Fiscal year
2024
Total assets
€142,414
Loss
-€84,976
Solvency
-498.7%
Total assets▼ 38.4%
Net result
20182024
Go to Financials

Timeline

Events
11
Since
2016
  1. 22-08-2025Annual accounts filed
  2. 22-10-2024Annual accounts filed
  3. 31-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
16-12-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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