ASTURION
ActiveSummary
ASTURION has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €806k and a net result of €159k. Equity is growing by ~25.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-4
Solvency100▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 6.18 against 2.13 in 2024; short-term debt: 12.9% and cash: 0.1% of total assets), and 12.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.1%
Return on assets
17.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
6 d late
2022
21 d late
2021
26 d early
2020
31 d late
2018
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€806k▲ 24.7%
2024 · €646k
2020: €171klowest in 6 years
2021: €339k▲ +97.8% vs 2020
2022: €433k▲ +27.8% vs 2021
2023: €486k▲ +12.4% vs 2022
2024: €646k▲ +32.9% vs 2023
2025: €806k▲ +24.7% vs 2024highest in 6 years
2020 → 2025
Total assets
€925k▼ 5.1%
2024 · €976k
2020: €662klowest in 6 years
2021: €953k▲ +43.9% vs 2020
2022: €958k▲ +0.6% vs 2021
2023: €861k▼ -10.1% vs 2022
2024: €976k▲ +13.3% vs 2023highest in 6 years
2025: €925k▼ -5.1% vs 2024
2020 → 2025
Net result
€159k▼ 19.4%
2024 · €198k
2020: €41klowest in 6 years
2021: €167k▲ +305% vs 2020
2022: €94k▼ -43.8% vs 2021
2023: €54k▼ -43.1% vs 2022
2024: €198k▲ +270% vs 2023highest in 6 years
2025: €159k▼ -19.4% vs 2024
2020 → 2025
Working capital
€619k▲ 66.7%
2024 · €371k
2020: €-89klowest in 6 years
2021: €29k▲ +132% vs 2020
2022: €135k▲ +367% vs 2021
2023: €198k▲ +46.7% vs 2022
2024: €371k▲ +87.4% vs 2023
2025: €619k▲ +66.7% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€339k-€433k▲ 27.8%€486k▲ 12.4%€646k▲ 32.9%€806k▲ 24.7%
2021: €339klowest in 5 years
2022: €433k▲ +27.8% vs 2021
2023: €486k▲ +12.4% vs 2022
2024: €646k▲ +32.9% vs 2023
2025: €806k▲ +24.7% vs 2024highest in 5 years
Operating result€248k-€142k▼ 42.8%€131k▼ 7.9%€290k▲ 122%€304k▲ 4.9%
2021: €248k
2022: €142k▼ -42.8% vs 2021
2023: €131k▼ -7.9% vs 2022lowest in 5 years
2024: €290k▲ +122% vs 2023
2025: €304k▲ +4.9% vs 2024highest in 5 years
Net result€167k-€94k▼ 43.8%€54k▼ 43.1%€198k▲ 270%€159k▼ 19.4%
2021: €167k
2022: €94k▼ -43.8% vs 2021
2023: €54k▼ -43.1% vs 2022lowest in 5 years
2024: €198k▲ +270% vs 2023highest in 5 years
2025: €159k▼ -19.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €925k
Fixed assets
€187k ▼ 32.0%
Current assets
€738k ▲ 5.4%
Equity and liabilities €925k
Equity
€806k ▲ 24.7%
Debt
€120k ▼ 63.7%
Debt's share of the balance-sheet total falls from 33.7% to 12.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€317k▲
2024 · €303k
Cash flow
€172k▼
2024 · €211k
Current ratio
6.18▲
2024 · 2.13
Debt to equity
0.15▼
2024 · 0.51
ROE
19.8%▼
2024 · 30.6%
ROA
17.2%▼
2024 · 20.3%
Interest coverage
242.60▲
2024 · 107.61
Debt ≤ 1 year
€120k▼
2024 · €329k
Income taxes
€70k▼
2024 · €90k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€976k€925k▼
Fixed assets21/28€275k€187k▼
Tangible fixed assets22/27€14k€1k▼
Furniture and vehicles24€14k€1k▼
Financial fixed assets28€261k€186k▼
Current assets29/58€700k€738k▲
Amounts receivable within one year40/41€698k€735k▲
Trade receivables40€131k€132k▲
Other amounts receivable41€566k€603k▲
Cash at bank and in hand54/58€621€1k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€976k€925k▼
Equity10/15€646k€806k▲
Contributions10/11€6k€6k=
Reserves13€640k€800k▲
Distributable reserves133€640k€800k▲
Amounts payable17/49€329k€120k▼
Amounts payable within one year42/48€329k€120k▼
Financial debts43-€29k
Credit institutions430/8-€29k
Trade debts44€3k€5k▲
Suppliers440/4€3k€5k▲
Taxes, remuneration and social security45€74k€86k▲
Taxes450/3€74k€86k▲
Other amounts payable47/48€251k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€1k€1k▲
Gross operating margin9900€305k€319k▲
Operating profit (loss)9901€290k€304k▲
Financial income75/76B€2€1k▲
Recurring financial income75€2€1k▲
Financial charges65/66B€3k€76k▲
Recurring financial charges65€3k€1k▼
Non-recurring financial charges66B-€75k
Profit (loss) for the period before taxes9903€287k€229k▼
Income taxes67/77€90k€70k▼
Profit (loss) for the period9904€198k€159k▼
Profit (loss) for the period to be appropriated9905€198k€159k▼
Appropriation of the result
Profit (loss) to be appropriated9906€198k€159k▼
Transfer from equity791/2€38k-
Transfer to equity691/2€198k€159k▼
To other reserves6921€198k€159k▼
Profit to be distributed694/7€38k-
Return on contributions (dividend)694€38k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €12k | €12k | €13k | €13k | = |
| Other operating charges640/8 | €2k | €2k | €1k | €1k | €1k | ▲ 7.2% |
| Gross operating margin9900 | €262k | €156k | €145k | €305k | €319k | ▲ 4.7% |
| Operating profit (loss)9901 | €248k | €142k | €131k | €290k | €304k | ▲ 4.9% |
| Financial income75/76B | €2k | €1 | - | €2 | €1k | ▲ 75,074% |
| Recurring financial income75 | €2k | €1 | - | €2 | €1k | ▲ 75,074% |
| Financial charges65/66B | €2k | €4k | €52k | €3k | €76k | ▲ 2,608% |
| Recurring financial charges65 | €2k | €4k | €52k | €3k | €1k | ▼ 53.6% |
| Non-recurring financial charges66B | - | - | - | - | €75k | - |
| Profit (loss) for the period before taxes9903 | €248k | €138k | €79k | €287k | €229k | ▼ 20.2% |
| Income taxes67/77 | €81k | €44k | €26k | €90k | €70k | ▼ 22.0% |
| Profit (loss) for the period9904 | €167k | €94k | €54k | €198k | €159k | ▼ 19.4% |
| Profit (loss) for the period to be appropriated9905 | €167k | €94k | €54k | €198k | €159k | ▼ 19.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €953k | €958k | €861k | €976k | €925k | ▼ 5.1% |
| Fixed assets21/28 | €310k | €298k | €288k | €275k | €187k | ▼ 32.0% |
| Tangible fixed assets22/27 | €49k | €37k | €28k | €14k | €1k | ▼ 90.0% |
| Furniture and vehicles24 | €49k | €37k | €28k | €14k | €1k | ▼ 90.0% |
| Financial fixed assets28 | €261k | €261k | €261k | €261k | €186k | ▼ 28.8% |
| Current assets29/58 | €643k | €661k | €573k | €700k | €738k | ▲ 5.4% |
| Amounts receivable within one year40/41 | €641k | €660k | €569k | €698k | €735k | ▲ 5.3% |
| Trade receivables40 | €91k | €44k | €16k | €131k | €132k | ▲ 0.7% |
| Other amounts receivable41 | €550k | €617k | €553k | €566k | €603k | ▲ 6.4% |
| Cash at bank and in hand54/58 | €487 | €40 | €2k | €621 | €1k | ▲ 77.8% |
| Deferred charges and accrued income490/1 | €2k | €167 | €2k | €2k | €2k | ▲ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €953k | €958k | €861k | €976k | €925k | ▼ 5.1% |
| Equity10/15 | €339k | €433k | €486k | €646k | €806k | ▲ 24.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €332k | €427k | €480k | €640k | €800k | ▲ 24.9% |
| Distributable reserves133 | €332k | €427k | €480k | €640k | €800k | ▲ 24.9% |
| Profit (loss) carried forward14 | €197 | - | - | - | - | - |
| Amounts payable17/49 | €614k | €526k | €375k | €329k | €120k | ▼ 63.7% |
| Amounts payable within one year42/48 | €614k | €526k | €375k | €329k | €120k | ▼ 63.7% |
| Financial debts43 | €118k | €74k | - | - | €29k | - |
| Credit institutions430/8 | €118k | €74k | - | - | €29k | - |
| Trade debts44 | €2k | €4k | €3k | €3k | €5k | ▲ 32.1% |
| Suppliers440/4 | €2k | €4k | €3k | €3k | €5k | ▲ 32.1% |
| Taxes, remuneration and social security45 | €72k | €53k | €30k | €74k | €86k | ▲ 15.7% |
| Taxes450/3 | €72k | €53k | €30k | €74k | €86k | ▲ 15.7% |
| Other amounts payable47/48 | €422k | €394k | €342k | €251k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €167k | €94k | €54k | €198k | €159k | ▼ 19.4% |
| + Depreciation and write-downs630 | €11k | €12k | €12k | €13k | €13k | = |
| Operating cash flow (approximation) | €179k | €106k | €66k | €211k | €172k | ▼ 18.2% |
| Investment in fixed assets (approximation) | - | €0 | €-3k | €0 | €75k | - |
| Change in cash | - | €-447 | €2k | €-1k | €484 | ▲ 144% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 6.18
Current ratio from 2.13 to 6.18; short-term debt falls from €329k to €120k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
14-02
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2024
31-12
Financial
Highest result since 2020net €198k ▲270%
Net result €198k, the highest in the series.
31-12
Financial
Equity above €500kEq €646k ▲32.9%
5 profitable years in a row build equity to €646k.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €339k ▲97.8%
2 profitable years in a row build equity to €339k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
28-11
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Merchtem · 1 establishment unit since 2002
Ground area
830 m²
Building footprint
89 m²
Volume, LiDAR
788 m³
Parcel 23012G0291/00L000, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Brouwerijhof 5, 1785 Merchtem
since 20022.101.874.390
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23012G0291/00L000 | Flanders | 830 m² | 1 · 89 m² | 13.1 m · 3 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.
Similar companies · same sector, comparable size
DiBoConsult
BE 0872.792.538
Olen · Eq €805,797
BENOOT HOLDING
BE 0458.102.096
Ardooie · Eq €805,905
HESIMA
BE 0898.603.941
Herent · Eq €805,734
ESROH
BE 0717.611.740
Lievegem · Eq €805,961
JPMCA
BE 0842.764.803
Lasne · Eq €805,690
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 30,149 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-05-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
73300Public relations and communication consultancy
Contact
E-mail
asturion@gmail.comMerchtem
Scores and ratios are computed by Checked and are not a credit decision.