AMARE
ActiveSummary
AMARE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €267,732 and a net result of €67,241. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 9046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+1
Solvency54▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 2.18 against 1.44 in 2023; short-term debt: 14.8% and cash: 14.7% of total assets), but 71.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
33 d early
2022
17 d early
2021
37 d early
2020
32 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€267,732▲ 33.5%
2023 · €200,491
Total assets
€934,124▲ 16.5%
2023 · €801,947
Net result
€67,241▲ 25.2%
2023 · €53,728
Working capital
€163,098▲ 133%
2023 · €69,931
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€28,895▼ 53.2%€15,745▼ 45.5%-€9,654€64,902€120,762▲ 86.1%
Net result€19,463within the sector's middle half▼ 50.1%€8,890within the sector's middle half▼ 54.3%-€9,001below the sector's middle half€53,728above the sector's middle half€67,241within the sector's middle half▲ 25.2%
Equity€146,874above the sector's middle half▲ 16.7%€155,764above the sector's middle half▲ 6.1%€146,763within the sector's middle half▼ 5.8%€200,491above the sector's middle half▲ 36.6%€267,732within the sector's middle half▲ 33.5%
Total assets€714,397above the sector's middle half▲ 17.2%€678,249above the sector's middle half▼ 5.1%€798,622above the sector's middle half▲ 17.7%€801,947above the sector's middle half▲ 0.4%€934,124within the sector's middle half▲ 16.5%
Debt€559,192▲ 18.1%€514,382▼ 8.0%€651,860▲ 26.7%€601,456▼ 7.7%€666,392▲ 10.8%
Working capital€271,550▲ 28.5%€106,438▼ 60.8%€20,573▼ 80.7%€69,931▲ 240%€163,098▲ 133%
Solvency20.6%within the sector's middle half▼ 0.1pp23.0%within the sector's middle half▲ 2.4pp18.4%within the sector's middle half▼ 4.6pp25.0%within the sector's middle half▲ 6.6pp28.7%within the sector's middle half▲ 3.7pp
Staff (FTE)0.2below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 86% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €934,124
Fixed assets
€633,207 ▲ 10.2%
Current assets
€300,917 ▲ 32.2%
Equity and liabilities €934,124
Equity
€267,732 ▲ 33.5%
Debt
€666,392 ▲ 10.8%
Debt's share of the balance-sheet total falls from 75.0% to 71.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€186,860▲
2023 · €118,371
Cash flow
€133,340▲
2023 · €107,197
Current ratio
2.18▲
2023 · 1.44
Quick ratio
1.25▲
2023 · 0.69
Debt to equity
2.49▼
2023 · 3.00
ROE
25.1%▼
2023 · 26.8%
ROA
7.2%▲
2023 · 6.7%
Interest coverage
7.78▼
2023 · 20.70
Debt ≤ 1 year
€137,819▼
2023 · €157,670
Debt > 1 year
€515,288▲
2023 · €443,786
Income taxes
€30,865▲
2023 · €5,633
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,600 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,600 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €12,260 | - | - | €21,149 | - |
| Remuneration, social security and pensions62 | - | -€77 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,343 | €29,803 | €49,024 | €53,469 | €66,098 | ▲ 23.6% |
| Other operating charges640/8 | - | €3,925 | €2,016 | €6,939 | €1,548 | ▼ 77.7% |
| Gross operating margin9900 | €64,365 | €49,397 | €41,386 | €125,310 | €188,408 | ▲ 50.4% |
| Operating profit (loss)9901 | €28,895 | €15,745 | -€9,654 | €64,902 | €120,762 | ▲ 86.1% |
| Financial income75/76B | - | €73 | €0 | €177 | €1,348 | ▲ 660% |
| Recurring financial income75 | €0 | €73 | €0 | €177 | €1,348 | ▲ 660% |
| Financial charges65/66B | - | €5,990 | €5,641 | €5,719 | €24,003 | ▲ 320% |
| Recurring financial charges65 | €7,767 | €5,990 | €5,641 | €5,719 | €24,003 | ▲ 320% |
| Profit (loss) for the period before taxes9903 | €21,128 | €9,828 | -€15,295 | €59,361 | €98,107 | ▲ 65.3% |
| Transfer from deferred taxes780 | - | €228 | €8,104 | - | - | - |
| Income taxes67/77 | €2,067 | €1,165 | €1,809 | €5,633 | €30,865 | ▲ 448% |
| Profit (loss) for the period9904 | €19,463 | €8,890 | -€9,001 | €53,728 | €67,241 | ▲ 25.2% |
| Transfer from tax-exempt reserves789 | - | €683 | €24,311 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €20,668 | €9,573 | €15,309 | €53,728 | €67,241 | ▲ 25.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €714,397 | €678,249 | €798,622 | €801,947 | €934,124 | ▲ 16.5% |
| Fixed assets21/28 | €341,673 | €508,088 | €590,472 | €574,346 | €633,207 | ▲ 10.2% |
| Tangible fixed assets22/27 | €341,673 | €507,838 | €590,472 | €574,346 | €633,207 | ▲ 10.2% |
| Land and buildings22 | - | €352,428 | €421,279 | €423,609 | €406,700 | ▼ 4.0% |
| Plant, machinery and equipment23 | - | €76,790 | €109,217 | €108,156 | €112,429 | ▲ 4.0% |
| Furniture and vehicles24 | - | €73,253 | €56,398 | €40,792 | €114,078 | ▲ 180% |
| Other tangible fixed assets26 | - | €5,367 | €3,578 | €1,789 | - | - |
| Financial fixed assets28 | - | €250 | - | - | - | - |
| Current assets29/58 | €372,724 | €170,161 | €208,150 | €227,601 | €300,917 | ▲ 32.2% |
| Stocks and contracts in progress3 | €99,146 | €84,101 | €145,495 | €118,553 | €128,929 | ▲ 8.8% |
| Stocks30/36 | - | €84,101 | €145,495 | €118,553 | €128,929 | ▲ 8.8% |
| Amounts receivable within one year40/41 | €76,975 | €14,333 | €39,906 | €51,697 | €32,361 | ▼ 37.4% |
| Trade receivables40 | - | €4,000 | €26,026 | €51,697 | €19,385 | ▼ 62.5% |
| Other amounts receivable41 | - | €10,333 | €13,880 | - | €12,976 | - |
| Cash at bank and in hand54/58 | €194,768 | €67,327 | €19,086 | €53,237 | €137,111 | ▲ 158% |
| Deferred charges and accrued income490/1 | - | €4,400 | €3,663 | €4,114 | €2,516 | ▼ 38.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €714,397 | €678,249 | €798,622 | €801,947 | €934,124 | ▲ 16.5% |
| Equity10/15 | €146,874 | €155,764 | €146,763 | €200,491 | €267,732 | ▲ 33.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €128,274 | €137,164 | €128,163 | €181,891 | €249,132 | ▲ 37.0% |
| Tax-exempt reserves132 | - | €30,572 | €6,261 | €6,261 | €6,261 | = |
| Distributable reserves133 | - | €106,592 | €121,902 | €175,630 | €242,871 | ▲ 38.3% |
| Provisions and deferred taxes16 | €8,331 | €8,104 | - | - | - | - |
| Deferred taxes168 | - | €8,104 | - | - | - | - |
| Amounts payable17/49 | €559,192 | €514,382 | €651,860 | €601,456 | €666,392 | ▲ 10.8% |
| Amounts payable after more than one year17 | €458,018 | €450,659 | €464,282 | €443,786 | €515,288 | ▲ 16.1% |
| Financial debts170/4 | - | €450,659 | €464,282 | €443,786 | €515,288 | ▲ 16.1% |
| Amounts payable within one year42/48 | €101,174 | €63,723 | €187,578 | €157,670 | €137,819 | ▼ 12.6% |
| Current portion of amounts payable after more than one year42 | - | €38,884 | €43,041 | €19,344 | €50,037 | ▲ 159% |
| Trade debts44 | €54,963 | €19,880 | €35,038 | €6,723 | €15,142 | ▲ 125% |
| Suppliers440/4 | - | €19,880 | €35,038 | €6,723 | €15,142 | ▲ 125% |
| Taxes, remuneration and social security45 | - | €1,766 | €2,418 | €6,434 | €656 | ▼ 89.8% |
| Taxes450/3 | - | €1,766 | €2,418 | €6,434 | €656 | ▼ 89.8% |
| Other amounts payable47/48 | - | €3,193 | €107,081 | €125,170 | €71,985 | ▼ 42.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €13,285 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,463 | €8,890 | -€9,001 | €53,728 | €67,241 | ▲ 25.2% |
| + Depreciation and write-downs630 | €22,343 | €29,803 | €49,024 | €53,469 | €66,098 | ▲ 23.6% |
| Operating cash flow (approximation) | €41,806 | €38,693 | €40,023 | €107,197 | €133,340 | ▲ 24.4% |
| Investment in fixed assets (approximation) | - | -€196,219 | -€131,407 | -€37,342 | -€124,959 | ▼ 235% |
| Change in cash | - | -€127,442 | -€48,241 | €34,151 | €83,874 | ▲ 146% |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €67,241 ▲25.2%
Operating result €120,762, net result €67,241, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €53,728
Net result €53,728 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €200,491 ▲36.6%
Equity rises from €146,763 to €200,491.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€9,001
Net result drops to -€9,001, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €155,764 ▲6.1%
4 profitable years in a row build equity to €155,764.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €125,811 ▲44.9%
2 profitable years in a row build equity to €125,811.
Show earlier events
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 91 days late
30-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 456 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Lochristi · 1 establishment unit since 1990
Ground area
4,309 m²
Building footprint
262 m²
Volume, LiDAR
1,289 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Amare
since 19902.048.712.848
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44008C0623/00B000 | Flanders | 3,216 m² | 1 · 126 m² | 6.9 m · 2 fl. |
| 46384C1940/00A002 | Flanders | 1,093 m² | 1 · 136 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,414 companies in sector 46180 we hold annual accounts for 1,887. 1,324 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
Founded04-04-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
47811Retail sale of cars and light vans (up to 3.5 tonnes)
81210General cleaning of buildings
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440456511
Also
9925:BE0440456511
Registered
21-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.