Astrian
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €1,070, smaller than the loss of €1,262 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €200,522 | - | €3,131 |
| Depreciation and write-downs of the year | €21,250 | - | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,250 | - | - | - |
| Other operating charges640/8 | €293 | - | - | - |
| Gross operating margin9900 | -€5,953 | -€1,262 | -€1,070 | ▲ 15.2% |
| Operating profit (loss)9901 | -€27,495 | -€1,262 | -€1,070 | ▲ 15.2% |
| Financial charges65/66B | €90 | €51 | €48 | ▼ 6.9% |
| Recurring financial charges65 | €90 | €51 | €48 | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | -€27,585 | -€1,313 | -€1,118 | ▲ 14.8% |
| Profit (loss) for the period9904 | -€27,585 | -€1,313 | -€1,118 | ▲ 14.8% |
| Profit (loss) for the period to be appropriated9905 | -€27,585 | -€1,313 | -€1,118 | ▲ 14.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €181,415 | €180,102 | €182,984 | ▲ 1.6% |
| Fixed assets21/28 | €179,272 | €179,272 | €182,403 | ▲ 1.7% |
| Tangible fixed assets22/27 | €179,272 | €179,272 | €182,403 | ▲ 1.7% |
| Land and buildings22 | €170,000 | €170,000 | €170,000 | = |
| Assets under construction and advance payments27 | €9,272 | €9,272 | €12,403 | ▲ 33.8% |
| Current assets29/58 | €2,143 | €830 | €581 | ▼ 30.0% |
| Cash at bank and in hand54/58 | €2,143 | €830 | €581 | ▼ 30.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €181,415 | €180,102 | €182,984 | ▲ 1.6% |
| Equity10/15 | -€22,585 | -€23,898 | -€25,016 | ▼ 4.7% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€27,585 | -€28,898 | -€30,016 | ▼ 3.9% |
| Amounts payable17/49 | €204,000 | €204,000 | €208,000 | ▲ 2.0% |
| Amounts payable within one year42/48 | €204,000 | €204,000 | €208,000 | ▲ 2.0% |
| Other amounts payable47/48 | €204,000 | €204,000 | €208,000 | ▲ 2.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,585 | -€1,313 | -€1,118 | ▲ 14.8% |
| + Depreciation and write-downs630 | €21,250 | - | - | - |
| Operating cash flow (approximation) | -€6,335 | -€1,313 | -€1,118 | ▲ 14.8% |
| Investment in fixed assets (approximation) | - | €0 | -€3,131 | - |
| Change in cash | - | -€1,313 | -€249 | ▲ 81.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,555 companies had the same profile as Astrian has now. Two years later, 91.6% were still going and 4.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Astrian itself: 1.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,555 companies, not a prediction for Astrian. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.