ACANTHUS
ActiveACANTHUS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €20k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 28% of 18024 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency6▲+3
Growth78▲+20
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.08 in 2024), and 91.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
8.6%
Return on assets
4.3%
Age of the figures
8 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 03-09-2026, 34 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
34 d late
2024
28 d early
2023
13 d late
2022
32 d late
2021
114 d late
2020
39 d late
2019
25 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€39k▲ 100%
2024 · €19k
2018: €21k
2019: €17k
2020: €22k
2021: €37k
2022: €27k
2023: €20k
2024: €19k
2018 → 2025
Total assets
€452k▼ 5.6%
2024 · €479k
2018: €704k
2019: €653k
2020: €625k
2021: €601k
2022: €591k
2023: €524k
2024: €479k
2018 → 2025
Net result
€20k
2024 · €-296
2018: €-12k
2019: €-4k
2020: €5k
2021: €15k
2022: €-11k
2023: €-7k
2024: €-296
2018 → 2025
Working capital
€-199k▼ 3.7%
2024 · €-192k
2018: €-124k
2019: €-132k
2020: €-118k
2021: €-111k
2022: €-137k
2023: €-169k
2024: €-192k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€27k▼ 28.3%€20k▼ 25.8%€19k▼ 1.5%€39k▲ 100%
Operating result€40k-€6k▼ 84.7%€9k▲ 43.5%€18k▲ 105%€45k▲ 152%
Net result€15k-€-11k€-7k▲ 34.6%€-296▲ 95.7%€20k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 152% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €452k
Fixed assets
€440k▼ 4.6%
Current assets
€12k▼ 31.6%
Equity and liabilities €452k
Equity
€39k▲ 100%
Debt
€413k▼ 10.1%
The debt ratio falls from 95.9% to 91.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€67k▲
2024 · €39k
Cash flow
€41k▲
2024 · €21k
Solvency
8.6%▲
2024 · 4.1%
Current ratio
0.06▼
2024 · 0.08
Quick ratio
0.06▼
2024 · 0.08
Debt / equity
10.58▼
2024 · 23.56
ROE
50.1%▲
2024 · -1.5%
ROA
4.3%▲
2024 · -0.1%
Interest coverage
4.83▲
2024 · 2.66
Debt
€413k▼
2024 · €459k
Debt ≤ 1 year
€211k▲
2024 · €209k
Debt > 1 year
€202k▼
2024 · €249k
Income taxes
€12k▲
2024 · €4k
Staff costs
€13k▼
2024 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€479k€452k▼
Fixed assets21/28€461k€440k▼
Tangible fixed assets22/27€461k€440k▼
Land and buildings22€451k€434k▼
Plant, machinery and equipment23€10k€6k▼
Financial fixed assets28€245€245=
Current assets29/58€17k€12k▼
Stocks and contracts in progress3€718-
Stocks30/36€718-
Amounts receivable within one year40/41€9k€4k▼
Trade receivables40€5k€3k▼
Other amounts receivable41€4k€955▼
Cash at bank and in hand54/58€5k€7k▲
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€479k€452k▼
Equity10/15€19k€39k▲
Contributions10/11€20k€20k=
Reserves13€17k€17k=
Tax-exempt reserves132€6k€6k=
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€-18k€2k▲
Amounts payable17/49€459k€413k▼
Amounts payable after more than one year17€249k€202k▼
Financial debts170/4€249k€202k▼
Amounts payable within one year42/48€209k€211k▲
Current portion of amounts payable after more than one year42€45k€47k▲
Trade debts44€56k€41k▼
Suppliers440/4€56k€41k▼
Taxes, remuneration and social security45€9k€18k▲
Taxes450/3€8k€18k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€99k€104k▲
Accrued charges and deferred income492/3€992€332▼
Income statement
Code20242025
Remuneration, social security and pensions62€33k€13k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k=
Other operating charges640/8€9k€4k▼
Gross operating margin9900€81k€83k▲
Operating profit (loss)9901€18k€45k▲
Financial income75/76B€642€292▼
Recurring financial income75€642€292▼
Financial charges65/66B€15k€14k▼
Recurring financial charges65€15k€14k▼
Profit (loss) for the period before taxes9903€4k€32k▲
Income taxes67/77€4k€12k▲
Profit (loss) for the period9904€-296€20k▲
Profit (loss) for the period to be appropriated9905€-296€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€2k▲
Profit (loss) brought forward from the previous period14P€-17k€-18k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 34 days late
2025
31-12
Financial
Back to profitnet €20k
Net result €20k after 3 loss-making years.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 114 days late
2021
08-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 39 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Erpe-Mere · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Meredorp 19420 Erpe-MereGround area
1,765 m²
Building footprint
289 m²
Volume, LiDAR
2,212 m³
Parcel 41040B0707/00E000, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ACANTHUS
since 20062.152.114.452
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41040B0707/00E000 | Flanders | 1,765 m² | 1 · 289 m² | 13.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 4,847 EUR awarded · 4,847 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,847 EUR | 2,847 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteErpe-Mere2.152.114.452
Similar companies · same sector, comparable size
WATERLOO GALLERY
BE 0449.372.096
Waterloo · Eq €39k
ESPOO
BE 0871.262.908
Antwerpen · Eq €39k
Mobaxis
BE 0887.538.716
Elsene · Eq €39k
WATERDROOM
BE 0737.447.646
Ravels · Eq €39k
Castor Projects
BE 0737.567.511
Wijnegem · Eq €39k
Of 2,588 companies in sector 47551 we hold annual accounts for 1,701. 1,110 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-01-2006
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
52441
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
46220Wholesale trade
46494Wholesale of non-electrical household articles
47552Retail sale of lighting equipment
47592Retail trade
51441
52442
55302
80421
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.