AMPHIOS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 22-12-2025 PDF all 17 filings
Turnover
≈ €130,000
Estimated: probably between €83,000 and €170,000
EBIT margin
Not included in this filing
Net result
€15,905▼ 3.8%
2024 · €16,541
Working capital
€236,559▲ 14.2%
2024 · €207,159
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€27,054
▲ 14.1%
2025
20192025
Net result
€15,905
▼ 3.8%
2025
middle half of the sector
20192025
Equity
€150,549
▲ 11.8%
2025
middle half of the sector
20192025
Total assets
€367,950
▼ 2.8%
2025
highest quarter of the sector
20192025
Debt
€217,401
▼ 10.8%
2025
20192025
Working capital
€236,559
▲ 14.2%
2025
highest quarter of the sector
20192025
Solvency
40.9%
▲ 5.3pp
2025
middle half of the sector
20192025
Current ratio
3.26
▲ 0.68
2025
middle half of the sector
20192025
Return on assets (ROA)
4.3%
=
2025
middle half of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€93,157-€45,361▼ 51.3%-€139,272€30,945-€63,522€23,706€27,054▲ 14.1%
Net result€61,791-€30,456within the sector's middle half▼ 50.7%-€144,440below the sector's middle half€25,925within the sector's middle half-€68,680below the sector's middle half€16,541within the sector's middle half€15,905within the sector's middle half▼ 3.8%
Equity€340,851-€371,307within the sector's middle half▲ 8.9%€226,867within the sector's middle half▼ 38.9%€252,793above the sector's middle half▲ 11.4%€184,112above the sector's middle half▼ 27.2%€134,644within the sector's middle half▼ 26.9%€150,549within the sector's middle half▲ 11.8%
Total assets€629,881-€568,871within the sector's middle half▼ 9.7%€442,058within the sector's middle half▼ 22.3%€464,129above the sector's middle half▲ 5.0%€371,402above the sector's middle half▼ 20.0%€378,499above the sector's middle half▲ 1.9%€367,950above the sector's middle half▼ 2.8%
Debt€289,029-€197,563▼ 31.6%€215,191▲ 8.9%€211,336▼ 1.8%€187,290▼ 11.4%€243,854▲ 30.2%€217,401▼ 10.8%
Working capital€417,668-€416,093within the sector's middle half▼ 0.4%€304,999within the sector's middle half▼ 26.7%€314,197above the sector's middle half▲ 3.0%€242,689above the sector's middle half▼ 22.8%€207,159above the sector's middle half▼ 14.6%€236,559above the sector's middle half▲ 14.2%
Solvency54.1%-65.3%above the sector's middle half▲ 11.2pp51.3%within the sector's middle half▼ 14.0pp54.5%within the sector's middle half▲ 3.1pp49.6%within the sector's middle half▼ 4.9pp35.6%within the sector's middle half▼ 14.0pp40.9%within the sector's middle half▲ 5.3pp
Current ratio3.37-5.93above the sector's middle half▲ 2.563.98above the sector's middle half▼ 1.954.19above the sector's middle half▲ 0.214.25above the sector's middle half▲ 0.062.58within the sector's middle half▼ 1.673.26within the sector's middle half▲ 0.68
Return on assets (ROA)9.8%-5.4%within the sector's middle half▼ 4.5pp-32.7%below the sector's middle half▼ 38.0pp5.6%within the sector's middle half▲ 38.3pp-18.5%below the sector's middle half▼ 24.1pp4.4%within the sector's middle half▲ 22.9pp4.3%within the sector's middle half=
Staff (FTE)3-2.2within the sector's middle half▼ 26.7%2below the sector's middle half▼ 9.1%1.2▼ 40.0%1▼ 16.7%0.2▼ 80.0%
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 14% higher than in 2024. It is the second rise in a row, after the fall in 2023.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €367,950
Fixed assets
€26,896 ▼ 33.4%
Current assets
€341,054 ▲ 0.9%
Equity and liabilities €367,950
Equity
€150,549 ▲ 11.8%
Debt
€217,401 ▼ 10.8%
Debt's share of the balance-sheet total falls from 64.4% to 59.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40,549▲
2024 · €37,201
Cash flow
€29,399▼
2024 · €30,036
Quick ratio
1.08▲
2024 · 0.81
Debt to equity
1.44▼
2024 · 1.81
ROE
10.6%▼
2024 · 12.3%
Interest coverage
4.29▼
2024 · 5.27
Debt ≤ 1 year
€104,495▼
2024 · €130,948
Debt > 1 year
€112,631=
2024 · €112,631
Income taxes
€1,731▲
2024 · €134
Staff costs
€412▼
2024 · €27,391
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | - |
| full-time | 1 | 1 | - |
| part-time | - | 0 | - |
| in full-time equivalents | 1 | 1 | - |
| Average over the year, in full-time equivalents | 1.2 | 1 | 0.2 |
| On a permanent contract | 1 | 1 | - |
| Joined | 0 | - | - |
| Left | 1 | - | - |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €33,841 | €33,633 | - | - |
| Depreciation and write-downs of the year | €17,256 | €8,551 | €13,495 | €13,495 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €57,167 | €51,334 | €27,391 | €412 | ▼ 98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,752 | €15,582 | €15,455 | €17,256 | €8,551 | €13,495 | €13,495 | = |
| Other operating charges640/8 | - | - | - | €471 | €271 | €397 | €951 | ▲ 139% |
| Gross operating margin9900 | €216,764 | €152,309 | -€35,088 | €105,839 | -€3,366 | €64,988 | €41,912 | ▼ 35.5% |
| Operating profit (loss)9901 | €93,157 | €45,361 | -€139,272 | €30,945 | -€63,522 | €23,706 | €27,054 | ▲ 14.1% |
| Financial income75/76B | - | - | - | €94 | €8 | €29 | €42 | ▲ 45.3% |
| Recurring financial income75 | €31 | - | €126 | €94 | €8 | €29 | €42 | ▲ 45.3% |
| Financial charges65/66B | - | - | - | €4,981 | €5,016 | €7,060 | €9,460 | ▲ 34.0% |
| Recurring financial charges65 | €6,221 | €5,486 | €5,153 | €4,981 | €5,016 | €7,060 | €9,460 | ▲ 34.0% |
| Profit (loss) for the period before taxes9903 | €86,967 | €39,874 | -€144,299 | €26,058 | -€68,530 | €16,675 | €17,636 | ▲ 5.8% |
| Income taxes67/77 | €25,176 | €9,418 | €141 | €132 | €151 | €134 | €1,731 | ▲ 13× |
| Profit (loss) for the period9904 | €61,791 | €30,456 | -€144,440 | €25,925 | -€68,680 | €16,541 | €15,905 | ▼ 3.8% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €2,801 | - | - |
| Profit (loss) for the period to be appropriated9905 | €61,791 | €27,655 | -€144,440 | €25,925 | -€68,680 | €19,342 | €15,905 | ▼ 17.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €629,881 | €568,871 | €442,058 | €464,129 | €371,402 | €378,499 | €367,950 | ▼ 2.8% |
| Fixed assets21/28 | €36,090 | €68,461 | €34,775 | €51,360 | €54,057 | €40,391 | €26,896 | ▼ 33.4% |
| Tangible fixed assets22/27 | €12,139 | €44,510 | €29,054 | €45,639 | €53,496 | €40,001 | €26,506 | ▼ 33.7% |
| Plant, machinery and equipment23 | - | - | - | €1,223 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €44,416 | €53,496 | €40,001 | €26,506 | ▼ 33.7% |
| Financial fixed assets28 | €23,951 | €23,951 | €5,721 | €5,721 | €561 | €390 | €390 | = |
| Current assets29/58 | €593,791 | €500,410 | €407,283 | €412,769 | €317,345 | €338,107 | €341,054 | ▲ 0.9% |
| Stocks and contracts in progress3 | €238,148 | €264,445 | €240,419 | €247,052 | €247,184 | €232,386 | €228,441 | ▼ 1.7% |
| Stocks30/36 | - | - | - | €247,052 | €247,184 | €232,386 | €228,441 | ▼ 1.7% |
| Amounts receivable within one year40/41 | €89,599 | €134,242 | €56,233 | €25,032 | €9,564 | €40,166 | €37,168 | ▼ 7.5% |
| Trade receivables40 | - | - | - | €25,032 | €2,339 | €40,166 | €31,569 | ▼ 21.4% |
| Other amounts receivable41 | - | - | - | - | €7,225 | - | €5,599 | - |
| Current investments50/53 | - | - | €5,192 | €5,196 | €5,201 | €5,226 | €5,262 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €263,655 | €73,937 | €104,482 | €133,725 | €51,319 | €57,191 | €67,470 | ▲ 18.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,764 | €4,077 | €3,139 | €2,713 | ▼ 13.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €629,881 | €568,871 | €442,058 | €464,129 | €371,402 | €378,499 | €367,950 | ▼ 2.8% |
| Equity10/15 | €340,851 | €371,307 | €226,867 | €252,793 | €184,112 | €134,644 | €150,549 | ▲ 11.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €20,460 | €20,460 | = |
| Reserves13 | €148,410 | €178,867 | €178,867 | €178,867 | €178,867 | €108,196 | €124,101 | ▲ 14.7% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €21,551 | €21,551 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | - | - | €155,456 | €155,456 | €89,446 | €105,351 | ▲ 17.8% |
| Profit (loss) carried forward14 | €173,841 | €173,841 | €29,401 | €55,326 | -€13,354 | €5,988 | €5,988 | = |
| Amounts payable17/49 | €289,029 | €197,563 | €215,191 | €211,336 | €187,290 | €243,854 | €217,401 | ▼ 10.8% |
| Amounts payable after more than one year17 | €112,631 | €112,631 | €112,631 | €112,631 | €112,631 | €112,631 | €112,631 | = |
| Financial debts170/4 | - | - | - | €112,631 | €112,631 | €112,631 | €112,631 | = |
| Amounts payable within one year42/48 | €176,123 | €84,316 | €102,285 | €98,572 | €74,656 | €130,948 | €104,495 | ▼ 20.2% |
| Trade debts44 | €78,826 | €35,488 | €29,730 | €46,423 | €21,271 | €27,370 | €42,763 | ▲ 56.2% |
| Suppliers440/4 | - | - | - | €46,423 | €21,271 | €27,370 | €42,763 | ▲ 56.2% |
| Advances received on contracts in progress46 | - | - | - | - | €4,448 | €8,368 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €18,528 | €12,584 | €9,079 | €6,935 | ▼ 23.6% |
| Taxes450/3 | - | - | - | €8,198 | €5,899 | €9,079 | €6,935 | ▼ 23.6% |
| Remuneration and social security454/9 | - | - | - | €10,330 | €6,685 | - | - | - |
| Other amounts payable47/48 | - | - | - | €33,621 | €36,353 | €86,132 | €54,797 | ▼ 36.4% |
| Accrued charges and deferred income492/3 | - | - | - | €132 | €2 | €275 | €275 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,791 | €30,456 | -€144,440 | €25,925 | -€68,680 | €16,541 | €15,905 | ▼ 3.8% |
| + Depreciation and write-downs630 | €5,752 | €15,582 | €15,455 | €17,256 | €8,551 | €13,495 | €13,495 | = |
| Operating cash flow (approximation) | €67,543 | €46,038 | -€128,985 | €43,181 | -€60,129 | €30,036 | €29,399 | ▼ 2.1% |
| Investment in fixed assets (approximation) | - | -€47,953 | €18,231 | -€33,841 | -€11,249 | €171 | €0 | ▼ 100% |
| Change in cash | - | -€189,718 | €30,544 | €29,243 | -€82,406 | €5,873 | €10,279 | ▲ 75.0% |
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, 10,904 companies had the same profile as AMPHIOS has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of AMPHIOS 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 10,904 companies, not a prediction for AMPHIOS. 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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 22-12-2025 | 2025-00587063 | |
| 30-06-2024 | micro format | 16-12-2024 | 2024-00616185 | |
| 30-06-2023 | micro format | 22-12-2023 | 2023-00535388 | |
| 30-06-2022 | micro format | 23-12-2022 | 2022-20545092 | |
| 30-06-2021 | full format | 24-12-2021 | 2021-81800072 | |
| 30-06-2020 | full format | 31-12-2020 | 2020-77800144 | |
| 30-06-2019 | full format | 23-12-2019 | 2019-77200475 | |
| 30-06-2018 | full format | 19-03-2019 | 2019-07500441 | |
| 30-06-2017 | micro format | 25-01-2018 | 2018-02300020 | |
| 30-06-2016 | full format | 25-01-2017 | 2017-03100099 |