ACTIVE

AASTE

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Financial year 2025 · closed on 30/06/2025

Net result

87,6 k €

+32.7% YoY

Gross margin

731,2 k €

-0.4% YoY

Equity

616,2 k €

-2.0% YoY

Workforce

10,4 ETP

-8.0% YoY

What does AASTE do?

AASTE is a Public limited company incorporated in 1990. Its registered office is in Tongeren-Borgloon. It employs on average 10,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.134.521

Incorporation

03/08/1990

Legal form

Public limited company

Registered office

Sittardstraat 48
3840 Tongeren-Borgloon · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/06/2025

Average workforce

10,4 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	731,2 k €	-0.4%	734,5 k €	-2.0%	749,8 k €	-9.8%	830,9 k €	+18.6%	700,7 k €	-12.4%	799,8 k €	-14.9%	939,9 k €	-10.9%	1,1 M €	+5.3%	1,0 M €	-5.4%	1,1 M €	-2.2%	1,1 M €	-11.9%	1,2 M €	+25.7%	978,2 k €	-7.3%	1,1 M €	-4.8%	1,1 M €	+6.1%	1,0 M €	-2.5%	1,1 M €	+20.5%	888,7 k €	+7.8%	824,4 k €
EBITDA	185,9 k €	+38.8%	133,9 k €	+1.2%	132,3 k €	-3.2%	136,8 k €	+23.1%	111,1 k €	-9.4%	122,6 k €	-43.3%	216,5 k €	-7.8%	234,7 k €	-19.6%	291,9 k €	+3.2%	282,9 k €	+7.8%	262,3 k €	-35.8%	408,9 k €	+77.0%	231,0 k €	-25.3%	309,3 k €	-19.2%	382,8 k €	+14.0%	335,9 k €	-5.4%	355,0 k €	+50.9%	235,2 k €	+29.9%	181,1 k €
Operating result	132,0 k €	+37.2%	96,2 k €	+17.6%	81,8 k €	-14.1%	95,2 k €	+105%	46,4 k €	-7.1%	49,9 k €	-46.1%	92,7 k €	-39.3%	152,7 k €	-21.8%	195,4 k €	+26.9%	153,9 k €	+6.3%	144,8 k €	-48.4%	280,9 k €	+147%	113,9 k €	-41.7%	195,3 k €	-33.2%	292,4 k €	+11.7%	261,7 k €	+1.7%	257,4 k €	+131%	111,5 k €	+38.5%	80,5 k €
Net result	87,6 k €	+32.7%	66,0 k €	+7.0%	61,7 k €	+10.6%	55,8 k €	+191%	19,2 k €	-31.8%	28,1 k €	-50.7%	57,0 k €	-41.2%	96,9 k €	-22.8%	125,5 k €	+32.4%	94,8 k €	-9.3%	104,4 k €	-45.1%	190,1 k €	+133%	81,7 k €	-37.0%	129,6 k €	-40.2%	216,9 k €	+23.4%	175,7 k €	+2.9%	170,8 k €	+120%	77,7 k €	+29.5%	60,0 k €
Balance sheet
Equity	616,2 k €	-2.0%	628,6 k €	-69.5%	2,1 M €	+3.1%	2,0 M €	+2.9%	1,9 M €	+1.0%	1,9 M €	+1.5%	1,9 M €	+3.1%	1,8 M €	+5.6%	1,7 M €	+7.8%	1,6 M €	+6.2%	1,5 M €	+7.4%	1,4 M €	+15.5%	1,2 M €	+7.1%	1,1 M €	+12.7%	1,0 M €	+27.1%	801,0 k €	+28.1%	625,3 k €	+37.6%	454,5 k €	+5.9%	429,3 k €
Total assets	1,9 M €	-19.6%	2,4 M €	-0.7%	2,4 M €	-0.4%	2,4 M €	+3.7%	2,3 M €	+2.8%	2,2 M €	-1.1%	2,3 M €	-2.1%	2,3 M €	+3.9%	2,2 M €	+3.0%	2,2 M €	+4.6%	2,1 M €	-3.3%	2,1 M €	+9.0%	2,0 M €	+10.2%	1,8 M €	-0.7%	1,8 M €	+8.8%	1,6 M €	+19.6%	1,4 M €	+12.4%	1,2 M €	-0.4%	1,2 M €
Cash	1,1 M €	-21.0%	1,4 M €	+9.0%	1,3 M €	-11.2%	1,4 M €	+17.6%	1,2 M €	-13.3%	1,4 M €	+83.4%	768,8 k €	-9.5%	849,5 k €	+25.6%	676,3 k €	-14.8%	794,1 k €	+6.8%	743,6 k €	-18.2%	909,5 k €	+37.8%	660,1 k €	-13.0%	758,9 k €	+21.4%	625,1 k €	-10.0%	694,3 k €	+153%	274,9 k €	-31.6%	401,7 k €	+101%	199,9 k €
Debts	1,3 M €	-26.7%	1,7 M €	+445%	318,5 k €	-18.5%	390,6 k €	+8.2%	360,9 k €	+14.0%	316,7 k €	-14.0%	368,4 k €	-22.2%	473,7 k €	-2.2%	484,6 k €	-7.3%	522,5 k €	+0.2%	521,6 k €	-25.1%	696,6 k €	-0.4%	699,2 k €	+24.4%	562,0 k €	-3.5%	582,4 k €	-31.2%	846,7 k €	+12.6%	751,9 k €	-2.4%	770,6 k €	-3.7%	800,4 k €
Other
Workforce	10,4 ETP	-8.0%	11,3 ETP	-5.0%	11,9 ETP	-14.4%	13,9 ETP	+10.3%	12,6 ETP	-10.0%	14,0 ETP	-14.1%	16,3 ETP	0.0%	16,3 ETP	+10.1%	14,8 ETP	-8.1%	16,1 ETP	-3.0%	16,6 ETP	+0.6%	16,5 ETP	+5.1%	15,7 ETP	-1.9%	16,0 ETP	+8.1%	14,8 ETP	-4.5%	15,5 ETP	-4.3%	16,2 ETP	+11.7%	14,5 ETP	-1.4%	14,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 3 ended

Active mandates

GROVERO

Director · 0475.143.414

Represented by Joseph GROVEN

Active

Krista Groven

Director

Active

Ended mandates

GROVERO

Director · 0475.143.414

Represented by JOS GROVEN

Ended

JOS GROVEN

Managing director

Ended

Joseph Groven

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
GROVERO● Active	0475.143.414

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/12/2025	18/12/2024	20/12/2023	07/12/2022	13/12/2021	09/12/2020
General meeting	01/12/2025	02/12/2024	04/12/2023	05/12/2022	06/12/2021	07/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	01/12/2025	18/12/2025	Dutch	PDF
Abridged model	30/06/2024	02/12/2024	18/12/2024	Dutch	PDF
Abridged model	30/06/2023	04/12/2023	20/12/2023	Dutch	PDF
Abridged model	30/06/2022	05/12/2022	07/12/2022	Dutch	PDF
Abridged model	30/06/2021	06/12/2021	13/12/2021	Dutch	PDF
Abridged model	30/06/2020	07/12/2020	09/12/2020	Dutch	PDF
Abridged model	30/06/2019	02/12/2019	18/12/2019	Dutch	PDF
Abridged model	30/06/2018	03/12/2018	20/12/2018	Dutch	PDF
Abridged model	30/06/2017	04/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	05/12/2016	25/12/2016	Dutch	PDF
Abridged model	30/06/2015	07/12/2015	24/12/2015	Dutch	PDF
Abridged model	30/06/2014	01/12/2014	17/12/2014	Dutch	PDF
Abridged model	30/06/2013	02/12/2013	13/12/2013	Dutch	PDF
Abridged model	30/06/2012	03/12/2012	21/12/2012	Dutch	PDF
Abridged model	30/06/2011	05/12/2011	15/12/2011	Dutch	PDF
Abridged model	30/06/2010	06/12/2010	17/12/2010	Dutch	PDF
Abridged model	30/06/2009	07/12/2009	15/12/2009	Dutch	PDF
Abridged model	30/06/2008	01/12/2008	17/12/2008	Dutch	PDF
Abridged model	30/06/2007	03/12/2007	20/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 3 ended

Active mandates

GROVERO

Director · 0475.143.414

Represented by Joseph GROVEN

Active

Krista Groven

Director

Active

Ended mandates

GROVERO

Director · 0475.143.414

Represented by JOS GROVEN

Ended

JOS GROVEN

Managing director

Ended

Joseph Groven

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/01/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/05/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/04/2006
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares20/01/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202587,6 k €↑
2024
Annual accounts 202466,0 k €↑
2023
Annual accounts 202361,7 k €↑
2022
Annual accounts 202255,8 k €↑
2021
Annual accounts 202119,2 k €↓
2020
Annual accounts 202028,1 k €↓
2019
Annual accounts 201957,0 k €↓
2018
Annual accounts 201896,9 k €↓
2017
Annual accounts 2017125,5 k €↑
2016
Annual accounts 201694,8 k €↓
2015
Annual accounts 2015104,4 k €↓
2014
Annual accounts 2014190,1 k €↑
2013
Annual accounts 201381,7 k €↓
2012
Annual accounts 2012129,6 k €↓
2011
Annual accounts 2011216,9 k €↑
2010
Annual accounts 2010175,7 k €↑
2009
Annual accounts 2009170,8 k €↑
2008
Annual accounts 200877,7 k €↑
2007
Annual accounts 200760,0 k €
03/08/1990
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AASTE

Overview

What does AASTE do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline