ASTRAL
ActiveSummary
ASTRAL has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€54,307) and a net result of -€7,146. Equity is shrinking by ~47.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▲+6
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.53 in 2024; short-term debt: 168.6% and cash: 12% of total assets), and equity is negative.
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Signals
Seven 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-68.6%
Return on assets
-9%
Age of the figures
12 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€54,307
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-04-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
72 d early
2023
50 d early
2022
68 d early
2021
50 d early
2020
49 d early
2019
65 d early
← 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 54 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 11 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#6 oldest company in Montigny-le-Tilleul, Construction sector
Equity
-€54,307▼ 15.2%
2024 · -€47,160
Total assets
€79,194▼ 7.0%
2024 · €85,200
Net result
-€7,146▲ 41.7%
2024 · -€12,264
Working capital
-€65,827▼ 6.3%
2024 · -€61,917
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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-€4,882▲ 39.8%-€17,812▼ 265%-€13,838▲ 22.3%-€12,287▲ 11.2%-€7,251▲ 41.0%
Net result-€4,920below the sector's middle half▲ 35.2%-€17,472below the sector's middle half▼ 255%-€13,824below the sector's middle half▲ 20.9%-€12,264below the sector's middle half▲ 11.3%-€7,146below the sector's middle half▲ 41.7%
Equity-€3,601below the sector's middle half-€21,072below the sector's middle half▼ 485%-€34,896below the sector's middle half▼ 65.6%-€47,160below the sector's middle half▼ 35.1%-€54,307below the sector's middle half▼ 15.2%
Total assets€96,488within the sector's middle half▼ 4.3%€101,475within the sector's middle half▲ 5.2%€81,873within the sector's middle half▼ 19.3%€85,200within the sector's middle half▲ 4.1%€79,194within the sector's middle half▼ 7.0%
Debt€100,089▲ 0.6%€122,548▲ 22.4%€116,770▼ 4.7%€132,360▲ 13.4%€133,501▲ 0.9%
Working capital-€25,865below the sector's middle half▲ 3.4%-€43,989below the sector's middle half▼ 70.1%-€53,337below the sector's middle half▼ 21.3%-€61,917below the sector's middle half▼ 16.1%-€65,827below the sector's middle half▼ 6.3%
Solvency-3.7%below the sector's middle half▼ 5.0pp-20.8%below the sector's middle half▼ 17.0pp-42.6%below the sector's middle half▼ 21.9pp-55.4%below the sector's middle half▼ 12.7pp-68.6%below the sector's middle half▼ 13.2pp
Current ratio0.74below the sector's middle half▲ 0.010.64below the sector's middle half▼ 0.100.54below the sector's middle half▼ 0.100.53below the sector's middle half▼ 0.010.51below the sector's middle half▼ 0.03
Return on assets (ROA)-5.1%below the sector's middle half▲ 2.4pp-17.2%below the sector's middle half▼ 12.1pp-16.9%below the sector's middle half▲ 0.3pp-14.4%below the sector's middle half▲ 2.5pp-9.0%below the sector's middle half▲ 5.4pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,251 in 2025 against €12,287 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79,194
Fixed assets
€11,520 ▼ 21.9%
Current assets
€67,674 ▼ 3.9%
Key figures and ratios
EBITDA
-€3,891▲
2024 · -€8,457
Cash flow
-€3,787▲
2024 · -€8,435
Quick ratio
0.12▼
2024 · 0.14
Debt to equity
-2.46▲
2024 · -2.81
Interest coverage
-86.49▲
2024 · -201.37
Debt ≤ 1 year
€133,501▲
2024 · €132,360
Income taxes
€103▼
2024 · €107
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 2,799 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 | - | €300 | €200 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,914 | €5,708 | €4,499 | €3,830 | €3,360 | ▼ 12.3% |
| Other operating charges640/8 | - | €3,115 | €2,637 | €4,082 | €3,655 | ▼ 10.4% |
| Non-recurring operating charges66A | - | - | €320 | - | - | - |
| Gross operating margin9900 | €4,534 | -€8,690 | -€6,182 | -€4,376 | -€236 | ▲ 94.6% |
| Operating profit (loss)9901 | -€4,882 | -€17,812 | -€13,838 | -€12,287 | -€7,251 | ▲ 41.0% |
| Financial income75/76B | - | €409 | €163 | €172 | €252 | ▲ 47.0% |
| Recurring financial income75 | €55 | €288 | €163 | €172 | €241 | ▲ 40.1% |
| Non-recurring financial income76B | - | €121 | - | - | €12 | - |
| Financial charges65/66B | - | €19 | €42 | €42 | €45 | ▲ 7.1% |
| Recurring financial charges65 | €50 | €19 | €42 | €42 | €45 | ▲ 7.1% |
| Profit (loss) for the period before taxes9903 | -€4,876 | -€17,422 | -€13,717 | -€12,157 | -€7,044 | ▲ 42.1% |
| Income taxes67/77 | €43 | €49 | €107 | €107 | €103 | ▼ 3.8% |
| Profit (loss) for the period9904 | -€4,920 | -€17,472 | -€13,824 | -€12,264 | -€7,146 | ▲ 41.7% |
| Profit (loss) for the period to be appropriated9905 | -€4,920 | -€17,472 | -€13,824 | -€12,264 | -€7,146 | ▲ 41.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96,488 | €101,475 | €81,873 | €85,200 | €79,194 | ▼ 7.0% |
| Fixed assets21/28 | €22,264 | €22,916 | €18,541 | €14,756 | €11,520 | ▼ 21.9% |
| Tangible fixed assets22/27 | €19,976 | €20,628 | €16,129 | €12,300 | €8,940 | ▼ 27.3% |
| Land and buildings22 | - | €6,498 | €4,744 | €3,160 | €1,842 | ▼ 41.7% |
| Plant, machinery and equipment23 | - | €13,977 | €11,385 | €9,139 | €7,098 | ▼ 22.3% |
| Furniture and vehicles24 | - | €153 | - | - | - | - |
| Financial fixed assets28 | €2,288 | €2,288 | €2,412 | €2,457 | €2,581 | ▲ 5.0% |
| Current assets29/58 | €74,224 | €78,559 | €63,332 | €70,443 | €67,674 | ▼ 3.9% |
| Stocks and contracts in progress3 | €57,951 | €58,387 | €52,875 | €51,735 | €51,734 | = |
| Stocks30/36 | - | €57,880 | €52,875 | €51,735 | €51,734 | = |
| Contracts in progress37 | - | €507 | - | - | - | - |
| Amounts receivable within one year40/41 | €3,117 | €8,947 | €1,268 | €14,481 | €5,615 | ▼ 61.2% |
| Trade receivables40 | - | €7,575 | €527 | €12,543 | €5,268 | ▼ 58.0% |
| Other amounts receivable41 | - | €1,372 | €741 | €1,938 | €346 | ▼ 82.1% |
| Cash at bank and in hand54/58 | €10,085 | €10,044 | €7,920 | €3,577 | €9,473 | ▲ 165% |
| Deferred charges and accrued income490/1 | - | €1,181 | €1,270 | €651 | €852 | ▲ 31.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96,488 | €101,475 | €81,873 | €85,200 | €79,194 | ▼ 7.0% |
| Equity10/15 | -€3,601 | -€21,072 | -€34,896 | -€47,160 | -€54,307 | ▼ 15.2% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | €61,973 | €61,973 | - | - | - |
| Issued capital100 | - | €61,973 | €61,973 | - | - | - |
| Outside capital11 | - | - | - | €61,973 | €61,973 | = |
| Other1109/19 | - | - | - | €61,973 | €61,973 | = |
| Reserves13 | €33,302 | €33,302 | €33,302 | €33,302 | €33,302 | = |
| Non-distributable reserves130/1 | - | €2,101 | €2,101 | €2,101 | €2,101 | = |
| Reserves not available under the articles1311 | - | €2,101 | €2,101 | €2,101 | €2,101 | = |
| Distributable reserves133 | - | €31,201 | €31,201 | €31,201 | €31,201 | = |
| Profit (loss) carried forward14 | -€98,877 | -€116,348 | -€130,172 | -€142,436 | -€149,582 | ▼ 5.0% |
| Amounts payable17/49 | €100,089 | €122,548 | €116,770 | €132,360 | €133,501 | ▲ 0.9% |
| Amounts payable within one year42/48 | €100,089 | €122,548 | €116,669 | €132,360 | €133,501 | ▲ 0.9% |
| Trade debts44 | €1,812 | €5,885 | €270 | €4 | €201 | ▲ 4,553% |
| Suppliers440/4 | - | €5,885 | €270 | €4 | €201 | ▲ 4,553% |
| Taxes, remuneration and social security45 | - | €85 | €136 | €120 | €565 | ▲ 372% |
| Taxes450/3 | - | €85 | €136 | €120 | €565 | ▲ 372% |
| Other amounts payable47/48 | - | €116,577 | €116,263 | €132,236 | €132,736 | ▲ 0.4% |
| Accrued charges and deferred income492/3 | - | - | €100 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,920 | -€17,472 | -€13,824 | -€12,264 | -€7,146 | ▲ 41.7% |
| + Depreciation and write-downs630 | €5,914 | €5,708 | €4,499 | €3,830 | €3,360 | ▼ 12.3% |
| Operating cash flow (approximation) | €994 | -€11,764 | -€9,325 | -€8,435 | -€3,787 | ▲ 55.1% |
| Investment in fixed assets (approximation) | - | -€6,360 | -€124 | -€45 | -€124 | ▼ 177% |
| Change in cash | - | -€41 | -€2,123 | -€4,344 | €5,896 | ▲ 236% |
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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
NBB filing
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Montigny-le-Tilleul · 1 establishment unit since 1995
Ground area
595 m²
Building footprint
133 m²
Volume, LiDAR
461 m³
Parcel 52048B0178/00W004, Wallonia · tallest building 4.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ASTRAL
since 19952.070.747.387
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52048B0178/00W004 | Wallonia | 595 m² | 1 · 133 m² | 4.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 474 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
Founded28-12-1994
Fiscal year end30-09
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454191909
Also
9925:BE0454191909
Registered
14-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.