AMITECH
ActiveSummary
AMITECH has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €605,272 and a net result of -€73,513. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 67% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▲+5
Solvency85▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.45 against 3.15 in 2024; short-term debt: 40.4% and cash: 5.9% of total assets), and 40.4% of the assets are financed with debt.
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Signals
Six 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€73,513
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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
13 d late
2024
29 d early
2023
28 d late
2022
40 d early
2021
71 d late
2020
89 d late
2019
276 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 58 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€73,513▲ 31.6%
2024 · -€107,467
Working capital
€595,090▼ 9.9%
2024 · €660,382
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€23,494▼ 95.1%-€32,525€15,145-€107,628-€60,848▲ 43.5%
Net result-€104,474€37,681€13,757▼ 63.5%-€107,467-€73,513▲ 31.6%
Equity€734,814▼ 12.4%€772,495▲ 5.1%€786,252▲ 1.8%€678,785▼ 13.7%€605,272▼ 10.8%
Total assets€1.5m▼ 49.8%€1.1m▼ 23.3%€1.4m▲ 26.8%€985,781▼ 31.9%€1.0m▲ 3.0%
Debt€753,910▼ 64.5%€369,967▼ 50.9%€662,234▲ 79.0%€306,996▼ 53.6%€409,956▲ 33.5%
Working capital€734,619▼ 40.3%€772,300▲ 5.1%€760,693▼ 1.5%€660,382▼ 13.2%€595,090▼ 9.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €60,848 in 2025 against €107,628 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€10,182 ▼ 44.7%
Current assets
€1.0m ▲ 3.9%
Equity and liabilities €1.0m
Equity
€605,272 ▼ 10.8%
Debt
€409,956 ▲ 33.5%
Debt's share of the balance-sheet total rises from 31.1% to 40.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€52,627▲
2024 · -€99,407
Cash flow
-€65,292▲
2024 · -€99,246
Current ratio
2.45▼
2024 · 3.15
Quick ratio
0.16▲
2024 · 0.16
Debt to equity
0.68▲
2024 · 0.45
ROE
-12.1%▲
2024 · -15.8%
ROA
-7.2%▲
2024 · -10.9%
Interest coverage
-4.14▲
2024 · -416.38
Debt ≤ 1 year
€409,956▲
2024 · €306,996
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 8,594 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €2 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €7,955 | €8,221 | €8,221 | = |
| Other operating charges640/8 | €2,166 | €12,642 | €3,410 | €1,302 | €2,999 | ▲ 130% |
| Gross operating margin9900 | €25,660 | -€19,883 | €26,509 | -€98,103 | -€49,628 | ▲ 49.4% |
| Operating profit (loss)9901 | €23,494 | -€32,525 | €15,145 | -€107,628 | -€60,848 | ▲ 43.5% |
| Financial income75/76B | - | - | - | €400 | €44 | ▼ 88.9% |
| Recurring financial income75 | - | - | - | €400 | €44 | ▼ 88.9% |
| Financial charges65/66B | €6,273 | €22 | €1,388 | €239 | €12,709 | ▲ 5,223% |
| Recurring financial charges65 | €6,273 | €22 | €1,388 | €239 | €12,709 | ▲ 5,223% |
| Profit (loss) for the period before taxes9903 | €17,221 | -€32,547 | €13,757 | -€107,467 | -€73,513 | ▲ 31.6% |
| Income taxes67/77 | €121,695 | -€70,228 | - | - | - | - |
| Profit (loss) for the period9904 | -€104,474 | €37,681 | €13,757 | -€107,467 | -€73,513 | ▲ 31.6% |
| Profit (loss) for the period to be appropriated9905 | -€104,474 | €37,681 | €13,757 | -€107,467 | -€73,513 | ▲ 31.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.1m | €1.4m | €985,781 | €1.0m | ▲ 3.0% |
| Fixed assets21/28 | €195 | €195 | €25,559 | €18,403 | €10,182 | ▼ 44.7% |
| Tangible fixed assets22/27 | - | - | €23,864 | €16,708 | €8,487 | ▼ 49.2% |
| Furniture and vehicles24 | - | - | €23,864 | €16,708 | €8,487 | ▼ 49.2% |
| Financial fixed assets28 | €195 | €195 | €1,695 | €1,695 | €1,695 | = |
| Current assets29/58 | €1.5m | €1.1m | €1.4m | €967,378 | €1.0m | ▲ 3.9% |
| Stocks and contracts in progress3 | €1.5m | €1.1m | €919,055 | €919,055 | €939,341 | ▲ 2.2% |
| Stocks30/36 | €1.5m | €1.1m | €919,055 | €919,055 | €939,341 | ▲ 2.2% |
| Amounts receivable within one year40/41 | €2,113 | €4,200 | €42,835 | €25,997 | €5,675 | ▼ 78.2% |
| Trade receivables40 | - | - | €41,214 | - | - | - |
| Other amounts receivable41 | €2,113 | €4,200 | €1,621 | €25,997 | €5,675 | ▼ 78.2% |
| Cash at bank and in hand54/58 | €19,661 | €8,012 | €461,038 | €22,326 | €60,030 | ▲ 169% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.1m | €1.4m | €985,781 | €1.0m | ▲ 3.0% |
| Equity10/15 | €734,814 | €772,495 | €786,252 | €678,785 | €605,272 | ▼ 10.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €96,030 | €96,030 | €96,030 | €96,030 | €96,030 | = |
| Non-distributable reserves130/1 | €96,030 | €96,030 | €96,030 | €96,030 | €96,030 | = |
| Legal reserve130 | €4,859 | €4,859 | €4,859 | €4,859 | €4,859 | = |
| Other1319 | €91,170 | €91,170 | €91,170 | €91,170 | €91,170 | = |
| Profit (loss) carried forward14 | €576,784 | €614,465 | €628,222 | €520,755 | €447,243 | ▼ 14.1% |
| Amounts payable17/49 | €753,910 | €369,967 | €662,234 | €306,996 | €409,956 | ▲ 33.5% |
| Amounts payable within one year42/48 | €753,910 | €369,967 | €662,234 | €306,996 | €409,956 | ▲ 33.5% |
| Trade debts44 | €21,106 | €741 | €34,694 | €1,238 | €23,788 | ▲ 1,822% |
| Suppliers440/4 | €21,106 | €741 | €34,694 | €1,238 | €23,788 | ▲ 1,822% |
| Taxes, remuneration and social security45 | €582,804 | €315,190 | €279,679 | - | - | - |
| Taxes450/3 | €582,804 | €315,190 | €279,679 | - | - | - |
| Other amounts payable47/48 | €150,000 | €54,037 | €347,861 | €305,758 | €386,168 | ▲ 26.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€104,474 | €37,681 | €13,757 | -€107,467 | -€73,513 | ▲ 31.6% |
| + Depreciation and write-downs630 | - | - | €7,955 | €8,221 | €8,221 | = |
| Operating cash flow (approximation) | -€104,474 | €37,681 | €21,712 | -€99,246 | -€65,292 | ▲ 34.2% |
| Investment in fixed assets (approximation) | - | €0 | -€33,318 | -€1,065 | €0 | ▲ 100% |
| Change in cash | - | -€11,649 | €453,026 | -€438,711 | €37,703 | ▲ 109% |
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
Next filing, fiscal year 2026, expected by
2026
19-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Registered-office move, 1050 Bruxelles, avenue Louise, 344
- Board meeting, 22-06-2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 13 days late
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€107,467
Net result drops to -€107,467, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €37,681
Net result €37,681 after one loss-making year.
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
03-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 276 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 456 days late
2019
31-12
Financial
Back to profitnet €378,295
Net result €378,295 after one loss-making year.
Show earlier events
31-12
Financial
Equity above €500,000Eq €514,460 ▲278%
Equity rises from €136,165 to €514,460.
2018
26-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 148 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1989
Ground area
1,936 m²
Building footprint
2,561 m²
Volume, LiDAR
63,842 m³
2 parcels, Brussels · tallest building 35.6 m, ±9 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Louizalaan 67D, 1050 Elsene
since 19892.042.444.767
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0007/00R000 | Brussels | 1,683 m² | 1 · 2,433 m² | 35.6 m · 9 fl. |
| 21807G0182/00E002 ProtectedMonumentEclectisch herenhuis |
Brussels | 253 m² | 1 · 128 m² | 22.9 m · 6 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 1,294 companies in sector 68122 we hold annual accounts for 903. 575 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-01-1989
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436650745
Also
9925:BE0436650745
Registered
14-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.