Amarant
ActiveSummary
Amarant has been active since 1963 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €356,602 and a net result of €46,463. Equity has been growing by about 12% per year since 2018. Its solvency ranks better than 74% of 12,812 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-12-1963 Normal situation
- Activity
- Retail sale of newspapers and periodicals NACE 47621and 1 other
- Joint committee
- 329 Socio-cultural sector · annual accounts 2025
- Establishment unit
- 2.155.633.869 9000 Ghent, since 21-08-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €686,502
- ▲ 18.2%
- Turnover
- ≈ €4.6m
- estimated
- Surplus
- €46,463
- Equity
- €356,602
- ▲ 15.0%
- Total assets
- €587,298
- ▲ 11.8%
- Employees on 31-12-2025
- 10
- ▼ 9.1%
Score breakdownlowers riskLegal form: non-profit associationLiquidity: current ratio 4.81, cash €456,438Founded in 1963Equity €356,602 (60.7% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 73% of them on solvency, 93% on liquidity, 69% on profitability and 67% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 68 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 10-04-2026 PDF all 20 filings
Every figure per financial year
The operating result for 2025 is a profit of €45,284, after a loss of €18,665 in 2024. It is the highest result since 2022.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 9 | 9 | 11 | 10 |
| full-time | 2 | 3 | 4 | 4 | 3 |
| part-time | 6 | 6 | 5 | 7 | 7 |
| in full-time equivalents | 5.4 | 6.8 | 7.2 | 7.9 | 7.4 |
| Average over the year, in full-time equivalents | 6.1 | 6.6 | 6.6 | 8.1 | 7.3 |
| On a permanent contract | 8 | 9 | 9 | 11 | 9 |
| Joined | 1 | 2 | 3 | 5 | 3 |
| Left | 1 | 1 | 3 | 3 | 4 |
| Training hours | - | 93 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €14,280 | €1,534 | €12,332 | €2,956 | - |
| Intangible fixed assets | - | €14,223 | - | - | - |
| Depreciation and write-downs of the year | €16,445 | €14,409 | €12,288 | €8,452 | €7,941 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €1.6m awarded · €1.5m paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €412,359 | €445,159 |
| 2024 | 2 | €393,300 | €358,697 |
| 2023 | 2 | €377,417 | €427,858 |
| 2022 | 2 | €377,481 | €293,520 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €413 | - |
| Remuneration, social security and pensions62 | - | - | - | €532,193 | €531,721 | €510,152 | €590,282 | €571,908 | ▼ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,932 | €15,439 | €15,296 | €16,445 | €14,409 | €12,288 | €8,452 | €7,941 | ▼ 6.1% |
| Other operating charges640/8 | - | - | - | - | - | - | €883 | €1,369 | ▲ 55.0% |
| Non-recurring operating charges66A | - | - | - | - | €995 | €260 | - | - | - |
| Gross operating margin9900 | €597,977 | €578,801 | €600,305 | €452,342 | €688,357 | €506,973 | €580,952 | €686,502 | ▲ 18.2% |
| Operating profit (loss)9901 | €7,563 | €13,005 | €129,643 | -€96,295 | €137,442 | -€15,727 | -€18,665 | €45,284 | - |
| Financial income75/76B | - | - | - | €675 | €2,037 | €342 | €717 | €2,167 | ▲ 202% |
| Recurring financial income75 | €130 | €1,310 | €635 | €675 | €2,037 | €342 | €717 | €2,167 | ▲ 202% |
| Financial charges65/66B | - | - | - | €469 | €614 | €2,218 | €944 | €988 | ▲ 4.6% |
| Recurring financial charges65 | €2,678 | €2,138 | €584 | €469 | €614 | €2,218 | €944 | €988 | ▲ 4.6% |
| Profit (loss) for the period before taxes9903 | €5,016 | €12,177 | €129,694 | -€96,089 | €138,865 | -€17,603 | -€18,893 | €46,463 | - |
| Profit (loss) for the period9904 | €5,016 | €12,177 | €129,694 | -€96,089 | €138,865 | -€17,603 | -€18,893 | €46,463 | - |
| Profit (loss) for the period to be appropriated9905 | €5,016 | €12,177 | €129,694 | -€96,089 | €138,865 | -€17,603 | -€18,893 | €46,463 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €439,902 | €456,241 | €454,926 | €399,940 | €580,009 | €531,322 | €525,284 | €587,298 | ▲ 11.8% |
| Fixed assets21/28 | €55,043 | €47,313 | €34,502 | €32,337 | €31,666 | €31,450 | €25,954 | €18,014 | ▼ 30.6% |
| Intangible fixed assets21 | €36,982 | €29,607 | €17,278 | €7,416 | €12,369 | €8,534 | €5,689 | €2,845 | ▼ 50.0% |
| Tangible fixed assets22/27 | €3,677 | €3,523 | €3,040 | €10,737 | €5,113 | €8,733 | €6,081 | €985 | ▼ 83.8% |
| Plant, machinery and equipment23 | - | - | - | €10,412 | €4,853 | €8,733 | €6,081 | €985 | ▼ 83.8% |
| Furniture and vehicles24 | - | - | - | €325 | €260 | - | - | - | - |
| Financial fixed assets28 | €14,384 | €14,184 | €14,184 | €14,184 | €14,184 | €14,184 | €14,184 | €14,184 | = |
| Current assets29/58 | €384,860 | €408,927 | €420,424 | €367,603 | €548,343 | €499,872 | €499,330 | €569,284 | ▲ 14.0% |
| Amounts receivable within one year40/41 | €46,313 | €216,332 | €38,848 | €90,091 | €159,977 | €91,356 | €91,897 | €60,100 | ▼ 34.6% |
| Trade receivables40 | - | - | - | €57,593 | €75,405 | €33,119 | €7,182 | €2,688 | ▼ 62.6% |
| Other amounts receivable41 | - | - | - | €32,498 | €84,573 | €58,237 | €84,715 | €57,412 | ▼ 32.2% |
| Current investments50/53 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Cash at bank and in hand54/58 | €285,548 | €141,419 | €330,012 | €227,512 | €338,365 | €357,603 | €356,179 | €456,438 | ▲ 28.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €913 | €1,253 | €2,745 | ▲ 119% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €439,902 | €456,241 | €454,926 | €399,940 | €580,009 | €531,322 | €525,284 | €587,298 | ▲ 11.8% |
| Equity10/15 | €161,988 | €174,165 | €303,859 | €207,770 | €346,635 | €329,032 | €310,139 | €356,602 | ▲ 15.0% |
| Profit (loss) carried forward14 | €161,988 | €174,165 | €303,859 | €207,770 | €346,635 | €329,032 | €310,139 | €356,602 | ▲ 15.0% |
| Provisions and deferred taxes16 | €27,160 | €31,210 | €36,210 | €36,210 | €40,000 | €40,000 | €40,000 | €100,000 | ▲ 150% |
| Provisions for liabilities and charges160/5 | - | - | - | €36,210 | €40,000 | €40,000 | €40,000 | €100,000 | ▲ 150% |
| Other liabilities and charges164/5 | - | - | - | €36,210 | €40,000 | €40,000 | €40,000 | €100,000 | ▲ 150% |
| Amounts payable17/49 | €250,754 | €250,866 | €114,857 | €155,960 | €193,374 | €162,290 | €175,145 | €130,696 | ▼ 25.4% |
| Amounts payable within one year42/48 | €171,591 | €175,604 | €84,065 | €110,714 | €156,891 | €130,319 | €151,313 | €118,321 | ▼ 21.8% |
| Trade debts44 | €42,029 | €41,238 | €27,814 | €26,111 | €39,004 | €38,732 | €33,185 | €23,410 | ▼ 29.5% |
| Suppliers440/4 | - | - | - | €26,111 | €39,004 | €38,732 | €33,185 | €23,410 | ▼ 29.5% |
| Taxes, remuneration and social security45 | - | - | - | €82,430 | €115,860 | €89,032 | €118,128 | €93,829 | ▼ 20.6% |
| Taxes450/3 | - | - | - | €16,564 | €34,687 | €21,730 | €24,267 | €17,948 | ▼ 26.0% |
| Remuneration and social security454/9 | - | - | - | €65,866 | €81,173 | €67,302 | €93,860 | €75,881 | ▼ 19.2% |
| Accrued charges and deferred income492/3 | - | - | - | €45,247 | €36,483 | €31,971 | €23,832 | €12,374 | ▼ 48.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,016 | €12,177 | €129,694 | -€96,089 | €138,865 | -€17,603 | -€18,893 | €46,463 | - |
| + Depreciation and write-downs630 | €13,932 | €15,439 | €15,296 | €16,445 | €14,409 | €12,288 | €8,452 | €7,941 | ▼ 6.1% |
| Operating cash flow (approximation) | €18,948 | €27,616 | €144,990 | -€79,645 | €153,274 | -€5,315 | -€10,441 | €54,403 | - |
| Investment in fixed assets (approximation) | - | -€7,710 | -€2,485 | -€14,280 | -€13,738 | -€12,072 | -€2,956 | €0 | - |
| Change in cash | - | -€144,130 | €188,594 | -€102,501 | €110,853 | €19,237 | -€1,423 | €100,259 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as Amarant has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Amarant itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for Amarant. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 10-04-2026 | 2026-00076868 | |
| 31-12-2024 | abbreviated format | 28-03-2025 | 2025-00061818 | |
| 31-12-2023 | abbreviated format | 11-10-2024 | 2024-00507264 | |
| 31-12-2022 | abbreviated format | 12-05-2023 | 2023-00088179 | |
| 31-12-2021 | abbreviated format | 06-04-2022 | 2022-20002403 | |
| 31-12-2020 | abbreviated format | 20-05-2021 | 2021-14900226 | |
| 31-12-2019 | abbreviated format | 18-06-2020 | 2020-19200118 | |
| 31-12-2018 | abbreviated format | 18-06-2020 | 2020-19200114 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-58000496 | |
| 31-12-2016 | abbreviated format | 08-08-2017 | 2017-41900408 |
Board & ownership
Directors
Show all 11 directors
Owners and capital
Owners
This non-profit association has no shareholders or capital.
Mandate history
- Board
- Day-to-day management
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Braeckmans Luc |
|
| Depauw Carl |
|
| Frateur Geert |
|
| Joris Yves |
|
| Pieters Jürgen |
|
| Cuyvers Martine |
|
| De Schrijver Veerle |
|
| De Wolf Bike |
|
| Késenne Sarah |
|
| Langenbick Carla |
|
| Pillaert Peter |
|
| Vandevivere Anita |
|
| Leemans Reinhilde |
|
| Franck Lucien |
|
| Van Exe An |
|
| Frédéric Gillebert |
|
Network & group
Companies at the same address
1 other companyConnections & network
1 connected company, 1 earlier tieThe connected companies are in the list below.
Timeline
Deeds, filings and financial milestones
24-12
Gazette deed
6 directors appointed, 3 directors resigning, 4 directors reappointedReappointments: Braeckmans Luc, Frateur Geert and 2 others · Resignations: Vandevivere Anita, Franck Lucien and Van Exe An · Appointments: Cuyvers Martine, Langenbick Carla and 4 others12 points ▸
- General meeting, 25-03-2024
- Director reappointment, Braeckmans Luc
- Director reappointment, Frateur Geert
- Director reappointment, Depauw Carl
- Director reappointment, Joris Yves
- Director resignation, Vandevivere Anita
- Director resignation, Franck Lucien
- Director resignation, Van Exe An
- Director appointment, Cuyvers Martine
- Director appointment, Langenbick Carla
- Director appointment, Pillaert Peter
- Director appointment, Késenne Sarah
- The deed holds 2 more points.
20-02
Gazette deed
1 director appointed, 2 directors resigningResignations: Frédéric Gillebert (day-to-day manager) and Leemans Reinhilde (director) · Appointment: Pieters Jürgen (director)6 points ▸
- Board meeting, 30-10-2023
- Director resignation, Frédéric Gillebert (day-to-day manager)
- Power of attorney, Charlotte Geeraert
- Board meeting, 18-12-2023
- Director resignation, Leemans Reinhilde
- Director appointment, Pieters Jürgen
02-06
Gazette deed
Resignation: Vandevivere Anita (chair)Appointment: Joris Yves (chair)4 points ▸
- Board meeting, 14-03-2023
- Director resignation, Vandevivere Anita (chair)
- Director appointment, Joris Yves (chair)
- Director in office, Joris Yves
- The deed holds 1 more point.
14-02
Gazette deed
7 directors reappointedReappointments: Vandevivere Anita, Braeckmans Luc and 5 others · Admissions: Jacobs Marie (member of the general meeting) and Pieters Jürgen (member of the general meeting)10 points ▸
- General meeting, 29-03-2022
- Director reappointment, Vandevivere Anita
- Director reappointment, Braeckmans Luc
- Director reappointment, Frateur Geert
- Director reappointment, Joris Yves
- Director reappointment, Depauw Carl
- Director reappointment, Leemans Reinhilde
- Director reappointment, Franck Lucien
- Member admission, Jacobs Marie (member of the general meeting)
- Member admission, Pieters Jürgen (member of the general meeting)
Show earlier events
16-08
Gazette deed
Powers of attorney: Anita Vandevivere and Frédéric Gillebert3 points ▸
- Board meeting, 06-05-2021
- Power of attorney, Anita Vandevivere (chair of the board)
- Power of attorney, Frédéric Gillebert (algemeen coördinator)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Dual-learning approval
3 live approvals · 1 endedShow 1 ended approval
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44804D2841/00L029 | Flanders | 217 m² | 1 · 142 m² | 16.0 m · 5 |