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AMARES

Active
Private limited companyfounded 200719 yrs activeAvenue de l'Espinette 2A, 1348 Ottignies-Louvain-la-Neuve, BelgiumKBO/BCE: BE 0888.425.473
Summary

AMARES has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €279,263 and a net result of €54,142. Its solvency ranks better than 32% of 2037 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability70▼-30
Solvency55▲+11
Growth67▼-7
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.19 in 2024; short-term debt: 69.9% and cash: 19.5% of total assets), and 70% of the assets are financed with debt.
Credit check for your own amount and term

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

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
30%
Return on assets
5.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
2 d early
2023
12 d early
2022
36 d late
2021
269 d late
2020
125 d late
2019
178 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 85 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 29 July (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

AMARES was incorporated on 2 April 2007.1 Revenue grew from EUR 830,980 in 2018 to EUR 1.1 million in 2025 and headcount from 1 to 4.6 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
€1.1m▼ 27.9%
2024 · €1.5m
EBIT margin
7.2%▼ 20.3pp
2024 · 27.5%
Net result
€54,142▼ 81.9%
2024 · €299,121
Working capital
€249,049▲ 35.8%
2024 · €183,435
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€803,940▲ 9.5%€1.4m▲ 70.1%€1.3m▼ 1.5%€1.5m▲ 11.1%€1.1m▼ 27.9%
Operating result€994▲ 74.2%€1,494▲ 50.3%€566▼ 62.1%€411,323▲ 72,554%€77,640▼ 81.1%
Net result€0within the sector's middle half€0below the sector's middle half€0below the sector's middle half€299,121above the sector's middle half€54,142within the sector's middle half▼ 81.9%
EBIT margin0.1%=0.1%=0.0%▼ 0.1pp27.5%▲ 27.5pp7.2%▼ 20.3pp
Equity€225,121within the sector's middle half€279,263within the sector's middle half▲ 24.1%
Total assets€571,293within the sector's middle half▼ 1.9%€766,955within the sector's middle half▲ 34.2%€794,146within the sector's middle half▲ 3.5%€1.2mwithin the sector's middle half▲ 47.9%€931,552within the sector's middle half▼ 20.7%
Debt€571,293▼ 1.9%€766,955▲ 34.2%€794,146▲ 3.5%€949,400▲ 19.5%€652,289▼ 31.3%
Working capital-€42,408below the sector's middle half▼ 211%-€63,273below the sector's middle half▼ 49.2%-€70,659below the sector's middle half▼ 11.7%€183,435within the sector's middle half€249,049within the sector's middle half▲ 35.8%
Solvency19.2%below the sector's middle half30.0%within the sector's middle half▲ 10.8pp
Current ratio0.93below the sector's middle half▼ 0.050.92below the sector's middle half▼ 0.010.91below the sector's middle half▼ 0.011.19within the sector's middle half▲ 0.281.38within the sector's middle half▲ 0.19
Return on assets (ROA)0.0%within the sector's middle half=0.0%below the sector's middle half=0.0%below the sector's middle half=25.5%above the sector's middle half▲ 25.5pp5.8%within the sector's middle half▼ 19.7pp
Staff (FTE)1.9below the sector's middle half▲ 26.7%3.5within the sector's middle half▲ 84.2%3.3within the sector's middle half▼ 5.7%2.9within the sector's middle half▼ 12.1%4.6within the sector's middle half▲ 58.6%
above within below the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
  • 2025 Net result -82% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
€0€200,000€400,000Operating result 2021: €994€994Net result 2021: €0€0Operating result 2022: €1,494€1,494Net result 2022: €0€0Operating result 2023: €566€566Net result 2023: €0€0Operating result 2024: €411,323€411,323Net result 2024: €299,121€299,121Operating result 2025: €77,640€77,640Net result 2025: €54,142€54,14220212022202320242025€0€200,000€400,000Operating result 2023: €566€566Net result 2023: €0€0Operating result 2024: €411,323€411,000Net result 2024: €299,121€299,000Operating result 2025: €77,640€77,600Net result 2025: €54,142€54,100202320242025
The operating result falls in 2025; 2025 is 81% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €931,552
Fixed assets €31,464 ▼ 26.7%
Current assets €900,088 ▼ 20.5%
Equity and liabilities €931,552
Equity €279,263 ▲ 24.1%
Debt €652,289 ▼ 31.3%
Debt's share of the balance-sheet total falls from 80.8% to 70.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€100,544▼
2024 · €441,286
Cash flow
€77,045▼
2024 · €329,085
Debt to equity
2.34▼
2024 · 4.22
ROE
19.4%▼
2024 · 132.9%
Interest coverage
138.13▼
2024 · 1930.72
Debt ≤ 1 year
€651,039▼
2024 · €948,150
Debt > 1 year
€1,250=
2024 · €1,250
Income taxes
€22,801▼
2024 · €111,973
Staff costs
€255,971▲
2024 · €151,467
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.4% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 5,053 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.2m€931,552▼
Fixed assets21/28€42,937€31,464▼
Intangible fixed assets21€20,153€13,774▼
Tangible fixed assets22/27€18,534€13,440▼
Plant, machinery and equipment23€3,802€2,133▼
Furniture and vehicles24€14,732€11,307▼
Financial fixed assets28€4,250€4,250=
Current assets29/58€1.1m€900,088▼
Amounts receivable within one year40/41€1.0m€715,128▼
Trade receivables40€1.0m€689,127▼
Other amounts receivable41-€26,001
Cash at bank and in hand54/58€106,673€181,307▲
Deferred charges and accrued income490/1€3,246€3,653▲
Equity and liabilities
Total equity and liabilities10/49€1.2m€931,552▼
Equity10/15€225,121€279,263▲
Contributions10/11€76,000€76,000=
Profit (loss) carried forward14€149,121€203,263▲
Amounts payable17/49€949,400€652,289▼
Amounts payable after more than one year17€1,250€1,250=
Other amounts payable178/9€1,250€1,250=
Amounts payable within one year42/48€948,150€651,039▼
Trade debts44€488,699€348,910▼
Suppliers440/4€488,699€348,910▼
Taxes, remuneration and social security45€101,643€109,909▲
Taxes450/3€72,111€42,843▼
Remuneration and social security454/9€29,532€67,066▲
Other amounts payable47/48€357,808€192,220▼
Income statement Code20242025
Turnover70€1.5m€1.1m▼
Goods, raw materials, services and sundry goods60/61€896,616€706,098▼
Remuneration, social security and pensions62€151,467€255,971▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29,963€22,903▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€13,566
Other operating charges640/8€7,111€3,054▼
Gross operating margin9900€599,864€373,136▼
Operating profit (loss)9901€411,323€77,640▼
Financial income75/76B€0€30▲
Recurring financial income75€0€30▲
Financial charges65/66B€229€728▲
Recurring financial charges65€229€728▲
Profit (loss) for the period before taxes9903€411,095€76,943▼
Income taxes67/77€111,973€22,801▼
Profit (loss) for the period9904€299,121€54,142▼
Profit (loss) for the period to be appropriated9905€299,121€54,142▼
Appropriation of the result
Profit (loss) to be appropriated9906€299,121€203,263▼
Profit (loss) brought forward from the previous period14P-€149,121
Profit to be distributed694/7€150,000-
Return on contributions (dividend)694€150,000-
Social balance
Average headcount (FTE)90872.94.6▲

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€803,940€1.4m€1.3m€1.5m€1.1m▼ 27.9%
Goods, raw materials, services and sundry goods60/61€707,160€1.2m€1.1m€896,616€706,098▼ 21.2%
Remuneration, social security and pensions62€76,788€136,343€155,760€151,467€255,971▲ 69.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,726€23,371€30,229€29,963€22,903▼ 23.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€7,500-€13,566-
Other operating charges640/8€4,272€5,572€5,337€7,111€3,054▼ 57.1%
Gross operating margin9900€96,780€166,779€199,392€599,864€373,136▼ 37.8%
Operating profit (loss)9901€994€1,494€566€411,323€77,640▼ 81.1%
Financial income75/76B€1€101€3€0€30-
Recurring financial income75€1€101€3€0€30-
Financial charges65/66B€995€1,594€569€229€728▲ 218%
Recurring financial charges65€995€1,594€569€229€728▲ 218%
Profit (loss) for the period before taxes9903€0€0€0€411,095€76,943▼ 81.3%
Income taxes67/77---€111,973€22,801▼ 79.6%
Profit (loss) for the period9904€0€0€0€299,121€54,142▼ 81.9%
Profit (loss) for the period to be appropriated9905€0€0€0€299,121€54,142▼ 81.9%
Line20212022202320242025Change
Assets
Total assets20/58€571,293€766,955€794,146€1.2m€931,552▼ 20.7%
Fixed assets21/28€44,070€64,523€71,909€42,937€31,464▼ 26.7%
Intangible fixed assets21€17,497€8,989€31,178€20,153€13,774▼ 31.7%
Tangible fixed assets22/27€22,323€51,285€36,481€18,534€13,440▼ 27.5%
Plant, machinery and equipment23€6,016€4,792€5,470€3,802€2,133▼ 43.9%
Furniture and vehicles24€16,307€46,493€31,012€14,732€11,307▼ 23.3%
Financial fixed assets28€4,250€4,250€4,250€4,250€4,250=
Current assets29/58€527,223€702,432€722,237€1.1m€900,088▼ 20.5%
Amounts receivable within one year40/41€428,018€383,805€493,655€1.0m€715,128▼ 30.0%
Trade receivables40€392,216€372,954€493,655€1.0m€689,127▼ 32.5%
Other amounts receivable41€35,802€10,851€0-€26,001-
Cash at bank and in hand54/58€96,661€314,892€225,561€106,673€181,307▲ 70.0%
Deferred charges and accrued income490/1€2,543€3,735€3,022€3,246€3,653▲ 12.5%
Equity and liabilities
Total equity and liabilities10/49€571,293€766,955€794,146€1.2m€931,552▼ 20.7%
Equity10/15---€225,121€279,263▲ 24.1%
Contributions10/11---€76,000€76,000=
Profit (loss) carried forward14---€149,121€203,263▲ 36.3%
Amounts payable17/49€571,293€766,955€794,146€949,400€652,289▼ 31.3%
Amounts payable after more than one year17€1,250€1,250€1,250€1,250€1,250=
Other amounts payable178/9€1,250€1,250€1,250€1,250€1,250=
Amounts payable within one year42/48€569,631€765,705€792,896€948,150€651,039▼ 31.3%
Trade debts44€516,765€701,434€698,435€488,699€348,910▼ 28.6%
Suppliers440/4€516,765€701,434€698,435€488,699€348,910▼ 28.6%
Taxes, remuneration and social security45€21,732€26,899€33,353€101,643€109,909▲ 8.1%
Taxes450/3€3,769€4,434€14,377€72,111€42,843▼ 40.6%
Remuneration and social security454/9€17,964€22,466€18,976€29,532€67,066▲ 127%
Other amounts payable47/48€31,134€37,372€61,108€357,808€192,220▼ 46.3%
Accrued charges and deferred income492/3€412€0----
Line20212022202320242025Change
Profit (loss) for the period9904€0€0€0€299,121€54,142▼ 81.9%
+ Depreciation and write-downs630€14,726€23,371€30,229€29,963€22,903▼ 23.6%
Operating cash flow (approximation)€14,726€23,371€30,229€329,085€77,045▼ 76.6%
Investment in fixed assets (approximation)--€43,824-€37,615-€991-€11,431▼ 1,054%
Change in cash-€218,230-€89,331-€118,888€74,634▲ 163%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Back to profitnet €299,121
Net result €299,121 after 4 loss-making years.
19-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
05-09
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 36 days late
26-04
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 269 days late
2021
03-12
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 125 days late
25-01
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 178 days late
2019
08-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 8 days late
2018
30-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
27-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts

We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
10 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2007
seat establishment The establishment unit on the map
Ground area
2,532 m²
Building footprint
612 m²
Volume, LiDAR
8,015 m³
2 parcels, Wallonia · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
8 companies at this address See who is registered here
1 establishment unit
MATES
Avenue de l'Espinette 2, 1348 Ottignies-Louvain-la-NeuveNACE 7414201
since 20072.161.739.624
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25386B0122/00K002 Wallonia 2,026 m² 1 · 346 m² 17.3 m · 5 fl.
25386B0122/00E005 Wallonia 506 m² 1 · 266 m² 14.9 m · 4 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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 18,247 companies in sector 71111 we hold annual accounts for 6,322. 4,786 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
Founded02-04-2007
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
71121Engineering and related technical consultancy, excluding land surveyors
Contact
Phone 071/33.22.27Ottignies-Louvain-la-Neuve
E-invoicing
Reachable via Peppol
Peppol ID 0208:0888425473
Also 9925:BE0888425473
Registered 02-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.