Skip to content

ASPIRAVI

Active
Public limited companyfounded 2002active for 24 yearsPresident Kennedypark(Kor) 8A, 8500 Kortrijk, BelgiumKBO/BCE: BE 0477.518.825

From the official registers: KBO 28 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

ASPIRAVI has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108.5m and a net result of €29.6m. Equity has been growing by about 14% per year since 2018. Its solvency ranks better than 55% of 351 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
ASPIRAVIActiveChecked score 87/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 15-05-2002 Normal situation
Registered office
15 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Production of electricity from non-renewable sources NACE 35110and 1 other
Establishment unit
2.126.644.133 8500 Kortrijk, since 28-04-2003
Financial year end
31 December
Peppol
Reachable since 27-11-2025
Company details

Board and ownership

Board
  • Raf DrieskensChair
  • Hofatra BVGeneral manager · permanent representative Bernard Steverlynck
  • Aspiravi Holding NVGeneral manager · permanent representative Bernard Steverlynck
  • David De BrabantDirector · since 26-04-2023
and 8 other directors
Auditor
GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES
Shareholders
Holdings
Shares in 9 companies including A&P WIND SERVICES and LIMBURG WIN(D)T
Board & ownership

Financial position

87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Turnover
€79.5m
=
Profit
€29.6m
▼ 45.4%
Equity
€108.5m
=
Total assets
€333.0m
▲ 5.6%
Staff
48.7 FTE
▲ 3.2%
Filed on 29-05-2026, 63 days before the deadlinePDF
Financials
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 1.89, cash €4.8mlowers riskSize: turnover €79.5m, 48.7 FTE, total assets €333.0mFounded in 2002Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 52% of small companies in electricity, gas and steam (NACE 35)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 58-1
equity 32.6% of total assets
Liquidity 47-3
short-term debt 17.1% · cash 1.4%
Profitability 87-6
return on assets 8.9%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (254 companies, NACE 35, small)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.1%▼ -0.1 percentage points vs 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.2%▲ +0.1 percentage points vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.3%▲ +0.1 percentage points vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026highest value 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €7,900,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.89 (2.32 in 2024), above the usual 1.5. Short-term debt is 17.1% and cash 1.4% of total assets. However, 67.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 35, small). It does better than 51% of them on solvency, 35% on liquidity, 88% on profitability and 35% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 1.89, cash €4.8m
NBB · annual accounts
lowers risk · Size: turnover €79.5m, 48.7 FTE, total assets €333.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2002
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
63 days early
2024
63 days early
2023
33 days early
2022
70 days early
2021
68 days early
2020
76 days early
2019
73 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 64 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher net result than 94% of companies in electricity, gas and steamsector median €157,895 · 350 companies €29.6m View
  • Caution: Result fell in 2025from €54.2m to €29.6m ▼ 45.4% View
  • Positive: 8 profitable years in a rowprofit 2025: €29.6m 8 years View
  • Positive: Always filed on timeaccounts within the deadline every year 7 years View

Companies linked to ASPIRAVI

Comparable companies

These companies have the same main activity as ASPIRAVI: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €66m and €536m, founded between 1999 and 2006.

CompanyTotal assetsTurnover
ASPIRAVI Kortrijk€333.0m€79.5m
C - Power Oostende€536.4m€130.5m
ENERGIE.BE Sint-Joost-ten-Node€98.1m€123.7m
Biopower Oostende Oostende€107.2m€22.5m
ENECO WIND BELGIUM Wavre€510.6m€15.1m
TotalEnergies - Centrale Electrique Marchienne-au-Pont Charleroi€66.1m€134.9m
BELWIND Leuven€194.8m€79.7m
Full comparison

Documents

Annual accounts at the NBB

All 28 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about ASPIRAVI
What is the company number of ASPIRAVI?
The company number of ASPIRAVI is 0477.518.825. The VAT number is the same number with BE in front: BE 0477.518.825.
Where is ASPIRAVI based?
The registered office is at President Kennedypark(Kor) 8A, 8500 Kortrijk.Company details
What does ASPIRAVI do?
According to the KBO register, the main activity is production of electricity from non-renewable sources (NACE 35110).
What is the legal form of ASPIRAVI?
The legal form of ASPIRAVI is Public limited company (NV).
When was ASPIRAVI founded?
ASPIRAVI was founded on 15-05-2002.
Is ASPIRAVI still active?
Yes, ASPIRAVI is an active enterprise in the KBO register.
How many employees does ASPIRAVI have?
ASPIRAVI had an average of 48.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of ASPIRAVI?
The turnover of ASPIRAVI was €79.5m in financial year 2025, according to the filed annual accounts.
Is ASPIRAVI profitable?
In financial year 2025, ASPIRAVI made a profit of €29.6m.
Where can I find the annual accounts of ASPIRAVI?
ASPIRAVI filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of ASPIRAVI due?
ASPIRAVI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies

See how customers, suppliers and banks see your own company and what to improve first.

Keep this company with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure