Astrix
ActiveSummary
Astrix has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €439,585 and a net result of €4,933. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 1413 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+67
Solvency70▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.04 against 3.7 in 2023; short-term debt: 27.8% and cash: 17.4% of total assets), but 54.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
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 05-05-2025, 87 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
87 d early
2023
48 d early
2022
61 d early
2021
40 d early
2020
36 d early
2019
32 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 51 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€439,585▲ 1.1%
2023 · €434,652
Total assets
€966,210▼ 8.1%
2023 · €1.1m
Net result
€4,933
2023 · -€144,566
Working capital
€548,316▼ 15.2%
2023 · €646,751
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20202021202220232024
Operating result-€53,645€41,118€75,075▲ 82.6%-€133,455€9,936
Net result-€71,267below the sector's middle half€22,040within the sector's middle half€59,753within the sector's middle half▲ 171%-€144,566below the sector's middle half€4,933within the sector's middle half
Equity€497,425within the sector's middle half▼ 12.5%€519,465within the sector's middle half▲ 4.4%€579,218within the sector's middle half▲ 11.5%€434,652within the sector's middle half▼ 25.0%€439,585within the sector's middle half▲ 1.1%
Total assets€1.2mwithin the sector's middle half▼ 6.1%€1.3mwithin the sector's middle half▲ 5.5%€1.3mwithin the sector's middle half▲ 1.1%€1.1mwithin the sector's middle half▼ 20.0%€966,210within the sector's middle half▼ 8.1%
Debt€735,532▼ 1.2%€781,715▲ 6.3%€735,811▼ 5.9%€616,870▼ 16.2%€526,625▼ 14.6%
Working capital€761,726above the sector's middle half▲ 0.7%€840,229above the sector's middle half▲ 10.3%€813,471above the sector's middle half▼ 3.2%€646,751above the sector's middle half▼ 20.5%€548,316above the sector's middle half▼ 15.2%
Solvency40.3%within the sector's middle half▼ 3.0pp39.9%within the sector's middle half▼ 0.4pp44.0%within the sector's middle half▲ 4.1pp41.3%within the sector's middle half▼ 2.7pp45.5%within the sector's middle half▲ 4.2pp
Current ratio4.23above the sector's middle half▲ 0.144.06above the sector's middle half▼ 0.173.79above the sector's middle half▼ 0.283.70above the sector's middle half▼ 0.093.04within the sector's middle half▼ 0.66
Return on assets (ROA)-5.8%below the sector's middle half▼ 6.3pp1.7%within the sector's middle half▲ 7.5pp4.5%within the sector's middle half▲ 2.9pp-13.7%below the sector's middle half▼ 18.3pp0.5%within the sector's middle half▲ 14.3pp
Staff (FTE)14.4above the sector's middle half▲ 8.3%13.3above the sector's middle half▼ 7.6%13.3above the sector's middle half=7.7within the sector's middle half▼ 42.1%6.4within the sector's middle half▼ 16.9%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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
The operating result returns to profit in 2024: €9,936 after a loss of €133,455 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €966,210
Fixed assets
€149,034 ▼ 9.7%
Current assets
€817,175 ▼ 7.8%
Equity and liabilities €966,210
Equity
€439,585 ▲ 1.1%
Debt
€526,625 ▼ 14.6%
Debt's share of the balance-sheet total falls from 58.7% to 54.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56,849▲
2023 · -€85,043
Cash flow
€51,846▲
2023 · -€96,154
Debt to equity
1.20▼
2023 · 1.42
ROE
1.1%▲
2023 · -33.3%
Interest coverage
9.22▲
2023 · -5.63
Debt ≤ 1 year
€268,860▲
2023 · €239,735
Debt > 1 year
€255,365▼
2023 · €377,135
Income taxes
€621▲
2023 · -€394
Staff costs
€450,509▼
2023 · €479,115
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 17,027 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | €50,000 | - |
| Remuneration, social security and pensions62 | - | €608,175 | €513,589 | €479,115 | €450,509 | ▼ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €98,788 | €102,005 | €46,813 | €48,412 | €46,913 | ▼ 3.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €165 | €0 | - | - |
| Other operating charges640/8 | - | €4,047 | €12,919 | €14,024 | €14,815 | ▲ 5.6% |
| Non-recurring operating charges66A | - | €0 | €3,434 | €95,042 | €75 | ▼ 99.9% |
| Gross operating margin9900 | €746,860 | €755,345 | €651,995 | €503,138 | €522,248 | ▲ 3.8% |
| Operating profit (loss)9901 | -€53,645 | €41,118 | €75,075 | -€133,455 | €9,936 | ▲ 107% |
| Financial income75/76B | - | €2,571 | €3,595 | €3,605 | €1,786 | ▼ 50.5% |
| Recurring financial income75 | €3,387 | €2,571 | €3,595 | €3,605 | €1,786 | ▼ 50.5% |
| Financial charges65/66B | - | €20,649 | €7,778 | €15,111 | €6,168 | ▼ 59.2% |
| Recurring financial charges65 | €20,332 | €20,649 | €7,778 | €15,111 | €6,168 | ▼ 59.2% |
| Profit (loss) for the period before taxes9903 | -€70,591 | €23,040 | €70,892 | -€144,961 | €5,554 | ▲ 104% |
| Income taxes67/77 | €677 | €1,000 | €11,139 | -€394 | €621 | ▲ 257% |
| Profit (loss) for the period9904 | -€71,267 | €22,040 | €59,753 | -€144,566 | €4,933 | ▲ 103% |
| Profit (loss) for the period to be appropriated9905 | -€71,267 | €22,040 | €59,753 | -€144,566 | €4,933 | ▲ 103% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.3m | €1.3m | €1.1m | €966,210 | ▼ 8.1% |
| Fixed assets21/28 | €235,700 | €186,736 | €209,499 | €165,035 | €149,034 | ▼ 9.7% |
| Intangible fixed assets21 | €65,400 | €47,726 | €63,254 | €47,518 | €42,837 | ▼ 9.9% |
| Tangible fixed assets22/27 | €170,300 | €139,010 | €146,245 | €117,517 | €106,197 | ▼ 9.6% |
| Plant, machinery and equipment23 | - | - | - | - | €1,783 | - |
| Furniture and vehicles24 | - | €87,732 | €102,917 | €81,926 | €75,838 | ▼ 7.4% |
| Other tangible fixed assets26 | - | €51,277 | €43,328 | €35,591 | €28,577 | ▼ 19.7% |
| Current assets29/58 | €997,258 | €1.1m | €1.1m | €886,487 | €817,175 | ▼ 7.8% |
| Amounts receivable within one year40/41 | €431,876 | €558,874 | €368,833 | €317,399 | €380,920 | ▲ 20.0% |
| Trade receivables40 | - | €543,267 | €365,973 | €309,740 | €376,108 | ▲ 21.4% |
| Other amounts receivable41 | - | €15,607 | €2,861 | €7,659 | €4,812 | ▼ 37.2% |
| Cash at bank and in hand54/58 | €190,897 | €208,917 | €417,876 | €278,098 | €168,421 | ▼ 39.4% |
| Deferred charges and accrued income490/1 | - | €346,653 | €318,821 | €290,990 | €267,835 | ▼ 8.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €1.3m | €1.1m | €966,210 | ▼ 8.1% |
| Equity10/15 | €497,425 | €519,465 | €579,218 | €434,652 | €439,585 | ▲ 1.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €435,425 | €457,465 | €517,218 | €372,652 | €377,585 | ▲ 1.3% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €56,250 | €56,250 | €56,250 | €56,250 | = |
| Distributable reserves133 | - | €395,015 | €454,768 | €310,202 | €315,135 | ▲ 1.6% |
| Amounts payable17/49 | €735,532 | €781,715 | €735,811 | €616,870 | €526,625 | ▼ 14.6% |
| Amounts payable after more than one year17 | €500,000 | €507,500 | €443,752 | €377,135 | €255,365 | ▼ 32.3% |
| Financial debts170/4 | - | €500,000 | €436,252 | €369,635 | €247,865 | ▼ 32.9% |
| Other amounts payable178/9 | - | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Amounts payable within one year42/48 | €235,532 | €274,215 | €292,060 | €239,735 | €268,860 | ▲ 12.1% |
| Current portion of amounts payable after more than one year42 | - | €82,559 | €121,235 | €121,035 | €32,957 | ▼ 72.8% |
| Trade debts44 | €37,256 | €42,539 | €97,341 | €29,314 | €136,599 | ▲ 366% |
| Suppliers440/4 | - | €42,539 | €97,341 | €29,314 | €136,599 | ▲ 366% |
| Taxes, remuneration and social security45 | - | €149,116 | €73,484 | €89,387 | €72,017 | ▼ 19.4% |
| Taxes450/3 | - | €60,778 | €27,796 | €22,834 | €18,163 | ▼ 20.5% |
| Remuneration and social security454/9 | - | €88,338 | €45,688 | €66,553 | €53,854 | ▼ 19.1% |
| Other amounts payable47/48 | - | - | - | - | €27,287 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,400 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€71,267 | €22,040 | €59,753 | -€144,566 | €4,933 | ▲ 103% |
| + Depreciation and write-downs630 | €98,788 | €102,005 | €46,813 | €48,412 | €46,913 | ▼ 3.1% |
| Operating cash flow (approximation) | €27,520 | €124,045 | €106,565 | -€96,154 | €51,846 | ▲ 154% |
| Investment in fixed assets (approximation) | - | -€53,041 | -€69,575 | -€3,949 | -€30,912 | ▼ 683% |
| Change in cash | - | €18,020 | €208,959 | -€139,778 | -€109,677 | ▲ 21.5% |
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
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €4,933
Net result €4,933 after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€144,566
Net result drops to -€144,566, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €22,040
Net result €22,040 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €519,465 ▲4.4%
Equity rises from €497,425 to €519,465.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity triplescurrent ratio 4.09
Current ratio from 1.50 to 4.09; short-term debt falls from €440,946 to €244,760.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
17-06
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 6 acts read
About the unread acts
We know of 6 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
6 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, Waregem · 1 establishment unit since 1987
Ground area
1.1 ha
Building footprint
383 m²
Volume, LiDAR
1,417 m³
Parcel 34452B1150/00A000, Flanders · tallest building 11.8 m, ±1 floor. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
ASTRIX
since 19872.030.948.386
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B1150/00A000 | Flanders | 1.1 ha | 1 · 383 m² | 11.8 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.
Structure & network
Owners and holdings
1 ownerChain of control
- BALTO
- Astrix
Highest known parent: BALTO. The sources do not say who stands above it.
Owners 1
- BALTOparentSourceaccounts BALTO 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 26,956 EUR awarded · 28,122 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,540 EUR | 2,437 EUR |
| 2024 | 1 | 7,314 EUR | 6,417 EUR |
| 2023 | 1 | 3,612 EUR | 4,849 EUR |
| 2022 | 2 | 14,490 EUR | 14,419 EUR |
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Of 9,864 companies in sector 73110 we hold annual accounts for 3,758. 2,261 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
Founded26-10-1987
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432308313
Also
9925:BE0432308313
Registered
20-11-2025
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.