Equity
€30,591 from €298,080 in 2020
Equity fell by 90% in 5 years.
AN.KO
Lifetime
9 annual accounts with figures on one time axispeak €152,284 (2018)
-€71,883▼ €120,520
lowest -€83,692 (2025)
-€83,692▼ €107,815
peak €298,080 (2020)
€30,591▼ 73.2%
€159,663▼ 9.0%
Board1 name since 2021
1 directorSara DE MERECHY
Documentsfilings and deeds
21-04-2026101 days before the deadline
2025micro format
Gross margin from €48,637 to -€71,883Loss of €83,692Equity from €114,283 to €30,591Cash from €207,633 to €138,373
Key points
from the 2025 annual accountsResult
-€83,692 -€83,692
From profit to loss in 2025, after a profit of €24,123 in 2024.
Debts
€159,663 84% of the balance sheet
Suppliers 0%Taxes and wages 0%Other 100%
Liquidity
1.15 was 1.56 in 2024
Short-term debts fell from €175,398 to €159,663.
Filings
9 annual accounts 1 late
The 2023 accounts came 27 days late. The other eight were filed on time.
Position in the sector
-€83,692
Lower net result than 95% of companies in advertising and market research. Sector median €14,764 · 8,615 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 21% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,228 companies (NACE 73, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: < 0.1%▼ -0.1 percentage points vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%▲ +0.2 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026highest value
08-2026: 0.3%● unchanged vs 07-2026highest value
09-2026: 0.3%● unchanged vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €83,692 (financial year 2025)
lowers risk
Liquidity: current ratio 1.15, cash €138,373
Size: total assets €190,254
Sector: Advertising, market research and public relations activities (NACE 73)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 24% of them on solvency, 45% on liquidity, 6% on profitability and 9% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,133 companies had the same profile as AN.KO has now. Each dot stands for 3 companies, two years later.
86.4%
were still trading
6.6%
stopped another way
6.4%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AN.KO itself is lower: 0.3% within 12 months. It rests on far more data about AN.KO than the profile alone.
Test of the method
The method was tested on the 497,447 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 1,133 companies, not a prediction for AN.KO. 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.
Credit verdict
Credit of up to €1,500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.15 (1.56 in 2024), below the usual 1.5. Short-term debt is 83.9% and cash 72.7% of total assets. 83.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 8614 sector peers (2025).
NBB · sector comparisonPosition among 8614 sector peers
Solvency
better than 22%
← weakest
strongest →
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 21-04-2026, 101 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
101 days early
2024
51 days early
2023
27 days late
2022
38 days early
2021
23 days early
2020
31 days early
2019
36 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 36 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 June (4 of the last 5 accounts filed within 63 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0669717296
Reappointment: Sara DE MERECHY (director)
Gazette deed
Incorporation
published on 20-01-2017 · Gazette deed
First establishment
Oude Heirbaan 3, Puurs-Sint-Amands
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AN.KO Puurs-Sint-Amands | €190,254 | -€71,883 | 16.1% | - |
| GREEVE MANAGEMENT Bornem | €174,675 | -€35,946 | 16.2% | - |
| PANDA COMMUNICATIONS Tervuren | €178,556 | -€50,514 | 16.5% | - |
| QuantIM Machelen (Brab.) | €167,101 | €347 | 100.0% | - |
| KYOYU-SHA Watermael-Boitsfort | €190,789 | -€73,481 | 60.1% | - |
| THE REFUELERS Hoegaarden | €159,709 | -€7,813 | 76.6% | - |
| MBL MANAGEMENT Brussels | €210,549 | -€56,595 | 91.4% | - |
These companies have the same main activity as AN.KO: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €160,000 and €211,000, founded between 2015 and 2017.
Official details
Source: KBO- Status
- Active since 18-01-2017Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 3 others
- Establishment unit
- 2.261.274.5892890 Puurs-Sint-Amands, since 18-01-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 29-09-2025
Annual accounts 2025
- €190,254▼ 34.3%
- Filing
- Filed on 21-04-2026, 101 days before the end of the filing period
Insights on AN.KO
AN.KO files the micro format. That format states no turnover. The gross margin fell from €92,502 in 2017 to -€71,883 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AN.KO
- What is the company number of AN.KO?
- The company number of AN.KO is 0669.717.296. The VAT number is the same number with BE in front: BE 0669.717.296.
- Where is AN.KO based?
- The registered office is at Oude Heirbaan 3, 2890 Puurs-Sint-Amands.Company details
- What does AN.KO do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of AN.KO?
- AN.KO is a private limited company (BV).
- When was AN.KO founded?
- AN.KO was founded on 18-01-2017.
- Is AN.KO still active?
- Yes, AN.KO is an active enterprise in the KBO register.
- What is the turnover of AN.KO?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is AN.KO profitable?
- In financial year 2025, AN.KO made a loss of €83,692.
- Where can I find the annual accounts of AN.KO?
- AN.KO filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AN.KO due?
- AN.KO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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