Summary
AMCOTEC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €549.4m and a net result of €8.0m. Equity is growing by about 21% per year across the filed financial years. The company has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2024, full format, 2025 accounts filed, figures not processed yet
In the rankings
#1 company by total assets in Eupen#1 company by equity in Eupen#8 oldest company in Eupen, Finance and insurance sector
Equity
€549.4m▲ 1.5%
2023 · €541.4m
Net result
€8.0m▲ 135%
2023 · €3.4m
Total assets
€553.5m▲ 1.3%
2023 · €546.2m
Solvency
99.2%▲ 0.1pp
2023 · 99.1%
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result turns negative in 2024: a loss of €5.2m after €250,541 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€5.2m
2024
Net result€8.0m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€553.5m
2024
Equity€549.4m
2024
Debt€4.2m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€449.6m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.4%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency99.2%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio92.99
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)2
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€11.7m
Operating result€0.6m--€6.9m-€2.4m▲ 65.3%-€10.1m▼ 322%-€4.3m▲ 57.4%€0.3m-€5.2m
Net result€0.6m-€265.3m▲ 47,709%-€6.7mbelow the sector's middle half€1.3mabove the sector's middle half€228.5mabove the sector's middle half▲ 17,812%€3.4mabove the sector's middle half▼ 98.5%€8.0mabove the sector's middle half▲ 135%
Equity€49.5m-€314.8m▲ 536%€308.2mabove the sector's middle half▼ 2.1%€309.4mabove the sector's middle half▲ 0.4%€538.0mabove the sector's middle half▲ 73.9%€541.4mabove the sector's middle half▲ 0.6%€549.4mabove the sector's middle half▲ 1.5%
Total assets€63.7m-€317.9m▲ 399%€318.2mabove the sector's middle half▲ 0.1%€329.0mabove the sector's middle half▲ 3.4%€548.8mabove the sector's middle half▲ 66.8%€546.2mabove the sector's middle half▼ 0.5%€553.5mabove the sector's middle half▲ 1.3%
Debt€13.9m-€3.0m▼ 78.5%€10.0m▲ 234%€11.2m▲ 11.9%€8.8m▼ 21.3%€4.8m▼ 45.5%€4.2m▼ 13.2%
Working capital-€7.6m-€238.1m€269.0mabove the sector's middle half▲ 13.0%€230.1mabove the sector's middle half▼ 14.4%€446.5mabove the sector's middle half▲ 94.0%€441.4mabove the sector's middle half▼ 1.1%€449.6mabove the sector's middle half▲ 1.9%
Solvency77.7%-99.0%▲ 21.3pp96.9%above the sector's middle half▼ 2.2pp94.0%above the sector's middle half▼ 2.8pp98.0%above the sector's middle half▲ 4.0pp99.1%above the sector's middle half▲ 1.1pp99.2%above the sector's middle half▲ 0.1pp
Current ratio0.11-82.17▲ 82.0521.57above the sector's middle half51.71above the sector's middle half▲ 30.1492.99above the sector's middle half▲ 41.28
Return on assets (ROA)0.9%-83.4%▲ 82.6pp-2.1%below the sector's middle half▼ 85.5pp0.4%within the sector's middle half▲ 2.5pp41.6%above the sector's middle half▲ 41.3pp0.6%within the sector's middle half▼ 41.0pp1.4%within the sector's middle half▲ 0.8pp
Staff (FTE)1within the sector's middle half1.8within the sector's middle half▲ 80.0%2within the sector's middle half▲ 11.1%
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €553.5m
Fixed assets
€99.9m ▼ 0.2%
Current assets
€453.7m ▲ 1.7%
Equity and liabilities €553.5m
Equity
€549.4m ▲ 1.5%
Debt
€4.2m ▼ 13.2%
Debt's share of the balance-sheet total falls from 0.9% to 0.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.5%▲
2023 · 0.6%
Debt ≤ 1 year
€4.1m▼
2023 · €4.8m
Income taxes
€862,794▲
2023 · -€1.3m
Staff costs
€2.3m▲
2023 · €557,736
A ratio outside any meaningful range has been withheld (balance sheet total €553.5m, equity €549.4m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.006m | €0.01m | €17.0m | €1.2m | ▼ 93.0% |
| Turnover70 | - | - | - | - | - | €11.7m | - | - |
| Other operating income74 | - | - | - | €0.006m | €0.01m | €5.4m | €1.2m | ▼ 77.8% |
| Operating charges60/66A | - | - | - | €10.1m | €4.3m | €16.8m | €6.4m | ▼ 61.9% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | €13.2m | - | - |
| Purchases600/8 | - | - | - | €12.0m | €1.2m | - | - | - |
| Change in stocks: decrease (increase)609 | - | - | - | -€12.0m | -€1.2m | €13.2m | - | - |
| Services and other goods61 | - | - | - | €1.3m | €8.5m | €3.4m | €3.5m | ▲ 1.6% |
| Remuneration, social security and pensions62 | - | - | - | - | €0.1m | €0.6m | €2.3m | ▲ 316% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €0.002m | €0.006m | €0.01m | €0.02m | €0.02m | ▲ 10.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €8.4m | -€6.4m | -€2.0m | - | - |
| Other operating charges640/8 | - | - | - | €0.4m | €2.1m | €1.7m | €0.6m | ▼ 65.5% |
| Gross operating margin9900 | €0.7m | -€5.3m | -€2.2m | - | - | - | - | - |
| Operating profit (loss)9901 | €0.6m | -€6.9m | -€2.4m | -€10.1m | -€4.3m | €0.3m | -€5.2m | - |
| Financial income75/76B | - | - | - | €14.0m | €259.0m | €21.1m | €9.8m | ▼ 53.5% |
| Recurring financial income75 | - | €1.9m | €8.8m | €14.0m | €15.1m | €17.2m | €9.8m | ▼ 43.1% |
| Income from financial fixed assets750 | - | - | - | €3.9m | €2.7m | €5.7m | €0.4m | ▼ 93.0% |
| Income from current assets751 | - | - | - | - | - | €0.8m | €4.4m | ▲ 448% |
| Other financial income752/9 | - | - | - | €10.2m | €12.4m | €10.7m | €5.0m | ▼ 53.4% |
| Non-recurring financial income76B | - | - | - | - | €243.9m | €3.9m | - | - |
| Financial charges65/66B | - | - | - | €2.6m | €21.8m | €19.3m | -€4.2m | - |
| Recurring financial charges65 | €0.08m | €3.3m | €13.0m | €2.6m | €15.7m | €11.1m | -€4.7m | - |
| Debt charges650 | - | - | - | €0.2m | €0.3m | €0.6m | €0.001m | ▼ 99.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €0.7m | €7.0m | -€2.4m | -€7.8m | ▼ 229% |
| Other financial charges652/9 | - | - | - | €1.7m | €8.4m | €12.9m | €3.1m | ▼ 76.2% |
| Non-recurring financial charges66B | - | - | - | - | €6.1m | €8.1m | €0.5m | ▼ 93.9% |
| Profit (loss) for the period before taxes9903 | €0.6m | €265.3m | -€6.5m | €1.4m | €232.9m | €2.1m | €8.9m | ▲ 327% |
| Income taxes67/77 | - | €0.04m | €0.1m | €0.1m | €4.4m | -€1.3m | €0.9m | - |
| Taxes670/3 | - | - | - | €0.1m | €4.4m | €0.5m | €1.2m | ▲ 152% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.005m | €0.01m | €1.8m | €0.3m | ▼ 83.1% |
| Profit (loss) for the period9904 | €0.6m | €265.3m | -€6.7m | €1.3m | €228.5m | €3.4m | €8.0m | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | €0.6m | €265.3m | -€6.7m | €1.3m | €228.5m | €3.4m | €8.0m | ▲ 135% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €63.7m | €317.9m | €318.2m | €329.0m | €548.8m | €546.2m | €553.5m | ▲ 1.3% |
| Fixed assets21/28 | €62.8m | €76.9m | €49.1m | €87.7m | €93.5m | €100.0m | €99.9m | ▼ 0.2% |
| Tangible fixed assets22/27 | - | - | €0.02m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 26.6% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.09m | €0.09m | €0.07m | ▼ 24.1% |
| Other tangible fixed assets26 | - | - | - | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 47.2% |
| Financial fixed assets28 | €62.8m | €76.9m | €49.1m | €87.5m | €93.3m | €99.7m | €99.5m | ▼ 0.2% |
| Affiliated companies280/1 | - | - | - | €78.0m | €70.3m | €73.1m | €72.9m | ▼ 0.3% |
| Participating interests280 | - | - | - | €39.0m | €33.1m | €35.7m | €35.4m | ▼ 0.8% |
| Amounts receivable281 | - | - | - | €39.0m | €37.2m | €37.5m | €37.5m | ▲ 0.1% |
| Companies linked by participating interests282/3 | - | - | - | €9.5m | €23.0m | €26.6m | €26.6m | = |
| Participating interests282 | - | - | - | €9.5m | €23.0m | €26.6m | €26.6m | = |
| Current assets29/58 | €1.0m | €241.1m | €269.1m | €241.3m | €455.3m | €446.2m | €453.7m | ▲ 1.7% |
| Amounts receivable after more than one year29 | - | - | - | - | €7.6m | €10.1m | €3.9m | ▼ 61.4% |
| Other amounts receivable291 | - | - | - | - | €7.6m | €10.1m | €3.9m | ▼ 61.4% |
| Stocks and contracts in progress3 | - | - | - | €12.0m | €13.2m | - | - | - |
| Stocks30/36 | - | - | - | €12.0m | €13.2m | - | - | - |
| Property held for sale35 | - | - | - | €12.0m | €13.2m | - | - | - |
| Amounts receivable within one year40/41 | €237 | €0.06m | €0.007m | €0.002m | €1.4m | €10.5m | €3.3m | ▼ 69.0% |
| Trade receivables40 | - | - | - | - | - | - | €1.5m | - |
| Other amounts receivable41 | - | - | - | €0.002m | €1.4m | €10.5m | €1.7m | ▼ 83.4% |
| Current investments50/53 | - | €188.0m | €182.7m | €207.5m | €155.5m | €403.8m | €428.2m | ▲ 6.0% |
| Other investments51/53 | - | - | - | €207.5m | €155.5m | €403.8m | €428.2m | ▲ 6.0% |
| Cash at bank and in hand54/58 | €1.0m | €51.9m | €85.8m | €21.6m | €276.7m | €20.7m | €16.3m | ▼ 21.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €1.0m | €1.1m | €2.0m | ▲ 80.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €63.7m | €317.9m | €318.2m | €329.0m | €548.8m | €546.2m | €553.5m | ▲ 1.3% |
| Equity10/15 | €49.5m | €314.8m | €308.2m | €309.4m | €538.0m | €541.4m | €549.4m | ▲ 1.5% |
| Contributions10/11 | €5.2m | €5.2m | €5.2m | €5.2m | €5.2m | €5.2m | €5.2m | = |
| Capital10 | - | - | - | €5.2m | €5.2m | €5.2m | €5.2m | = |
| Issued capital100 | - | - | - | €5.2m | €5.2m | €5.2m | €5.2m | = |
| Reserves13 | €0.5m | €305.5m | €302.5m | €302.5m | €530.5m | €530.5m | €530.5m | = |
| Non-distributable reserves130/1 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Legal reserve130 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Distributable reserves133 | - | - | - | €302.0m | €530.0m | €530.0m | €530.0m | = |
| Profit (loss) carried forward14 | €43.8m | €4.1m | €0.4m | €1.7m | €2.2m | €5.6m | €13.6m | ▲ 141% |
| Provisions and deferred taxes16 | €0.3m | €0.1m | - | €8.4m | €2.0m | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €8.4m | €2.0m | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €8.4m | €2.0m | - | - | - |
| Amounts payable17/49 | €13.9m | €3.0m | €10.0m | €11.2m | €8.8m | €4.8m | €4.2m | ▼ 13.2% |
| Amounts payable after more than one year17 | €5.0m | - | €9.9m | - | - | - | - | - |
| Amounts payable within one year42/48 | €8.6m | €2.9m | €0.1m | €11.2m | €8.8m | €4.8m | €4.1m | ▼ 14.4% |
| Trade debts44 | €0.001m | €0.006m | €0.1m | €0.4m | €5.6m | €0.5m | €1.5m | ▲ 194% |
| Suppliers440/4 | - | - | - | €0.4m | €5.6m | €0.5m | €1.5m | ▲ 194% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €3.2m | €2.7m | €2.6m | ▼ 3.8% |
| Taxes450/3 | - | - | - | €0.03m | €3.2m | €2.7m | €2.6m | ▼ 4.3% |
| Remuneration and social security454/9 | - | - | - | - | €0.02m | €0.02m | €0.03m | ▲ 55.3% |
| Other amounts payable47/48 | - | - | - | €10.8m | - | €1.6m | €0.006m | ▼ 99.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.004m | €0.06m | ▲ 1,377% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.6m | €265.3m | -€6.7m | €1.3m | €228.5m | €3.4m | €8.0m | ▲ 135% |
| + Depreciation and write-downs630 | - | - | €0.002m | €0.006m | €0.01m | €0.02m | €0.02m | ▲ 10.6% |
| Operating cash flow (approximation) | €0.6m | €265.3m | -€6.7m | €1.3m | €228.6m | €3.4m | €8.0m | ▲ 134% |
| Investment in fixed assets (approximation) | - | -€14.1m | €27.8m | -€38.6m | -€5.8m | -€6.5m | €0.1m | - |
| Change in cash | - | €51.0m | €33.9m | -€64.2m | €255.0m | -€256.0m | -€4.4m | ▲ 98.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 15-07-2026 | 2026-00315842 |
| 31-12-2024 | full format | 16-07-2025 | 2025-00280124 |
| 31-12-2023 | full format | 28-06-2024 | 2024-00191276 |
| 31-12-2022 | full format | 19-07-2023 | 2023-00248889 |
| 31-12-2021 | full format | 27-07-2022 | 2022-20228389 |
| 31-12-2020 | full format | 17-08-2021 | 2021-49200546 |
| 31-12-2019 | full format | 18-06-2020 | 2020-18700031 |
| 31-12-2018 | abbreviated format | 04-06-2019 | 2019-16200531 |
| 31-12-2017 | abbreviated format | 05-06-2018 | 2018-16000219 |
| 31-12-2016 | abbreviated format | 14-07-2017 | 2017-31700193 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.