ANABASIS
ActiveSummary
ANABASIS has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €335,350 and a net result of €13,923. Equity is growing by ~12.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+35
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 20.29 against 52.38 in 2024; short-term debt: 4% and cash: 5.2% of total assets), and 4% 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 · 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96%
Return on assets
4%
Age of the figures
9 mo
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
20 d early
2023
13 d early
2022
39 d early
2021
31 d late
2020
16 d early
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 2 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 11 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€335,350▲ 4.3%
2024 · €321,427
Total assets
€349,469▲ 6.7%
2024 · €327,400
Net result
€13,923▲ 628%
2024 · €1,912
Working capital
€272,400▼ 11.2%
2024 · €306,888
Trend over the years
In euros
In euros
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€284,310€267,094▼ 6.1%€127,839▼ 52.1%-€36,876€2,767
Net result€279,941€265,103▼ 5.3%€135,154▼ 49.0%€1,912▼ 98.6%€13,923▲ 628%
Equity€259,258▲ 227%€284,361▲ 9.7%€319,515▲ 12.4%€321,427▲ 0.6%€335,350▲ 4.3%
Total assets€367,041▲ 338%€534,683▲ 45.7%€427,044▼ 20.1%€327,400▼ 23.3%€349,469▲ 6.7%
Debt€107,783▲ 2,308%€250,322▲ 132%€107,530▼ 57.0%€5,973▼ 94.4%€14,119▲ 136%
Working capital€221,954▲ 723%€262,198▲ 18.1%€304,976▲ 16.3%€306,888▲ 0.6%€272,400▼ 11.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,767 after a loss of €36,876 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €349,469
Fixed assets
€62,950 ▲ 333%
Current assets
€286,519 ▼ 8.4%
Equity and liabilities €349,469
Equity
€335,350 ▲ 4.3%
Debt
€14,119 ▲ 136%
Debt's share of the balance-sheet total rises from 1.8% to 4.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4,583
Cash flow
€15,740
Current ratio
20.29▼
2024 · 52.38
Quick ratio
19.51▼
2024 · 52.38
Debt to equity
0.04▲
2024 · 0.02
ROE
4.2%▲
2024 · 0.6%
ROA
4.0%▲
2024 · 0.6%
Interest coverage
113.44
Debt ≤ 1 year
€14,119▲
2024 · €5,973
Income taxes
€1,566▲
2024 · €356
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 17,040 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €35,000 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,511 | €489 | - | - | €1,816 | - |
| Other operating charges640/8 | €3,758 | €967 | €1,124 | €1,088 | €1,181 | ▲ 8.6% |
| Gross operating margin9900 | €289,579 | €268,551 | €128,962 | -€35,789 | €5,765 | ▲ 116% |
| Operating profit (loss)9901 | €284,310 | €267,094 | €127,839 | -€36,876 | €2,767 | ▲ 108% |
| Financial income75/76B | €36 | €701 | €11,027 | €39,186 | €12,763 | ▼ 67.4% |
| Recurring financial income75 | €36 | €701 | €11,027 | €39,186 | €12,763 | ▼ 67.4% |
| Financial charges65/66B | €32 | €34 | €35 | €42 | €40 | ▼ 2.9% |
| Recurring financial charges65 | €32 | €34 | €35 | €42 | €40 | ▼ 2.9% |
| Profit (loss) for the period before taxes9903 | €284,313 | €267,761 | €138,831 | €2,268 | €15,489 | ▲ 583% |
| Income taxes67/77 | €4,373 | €2,659 | €3,677 | €356 | €1,566 | ▲ 339% |
| Profit (loss) for the period9904 | €279,941 | €265,103 | €135,154 | €1,912 | €13,923 | ▲ 628% |
| Profit (loss) for the period to be appropriated9905 | €279,941 | €265,103 | €135,154 | €1,912 | €13,923 | ▲ 628% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €367,041 | €534,683 | €427,044 | €327,400 | €349,469 | ▲ 6.7% |
| Fixed assets21/28 | €37,304 | €22,163 | €14,539 | €14,539 | €62,950 | ▲ 333% |
| Tangible fixed assets22/27 | €37,304 | €22,163 | €14,539 | €14,539 | €62,950 | ▲ 333% |
| Land and buildings22 | €37,304 | €22,163 | €14,539 | €14,539 | €14,539 | = |
| Furniture and vehicles24 | - | - | - | - | €48,411 | - |
| Current assets29/58 | €329,737 | €512,520 | €412,505 | €312,861 | €286,519 | ▼ 8.4% |
| Stocks and contracts in progress3 | - | - | - | - | €11,000 | - |
| Stocks30/36 | - | - | - | - | €11,000 | - |
| Amounts receivable within one year40/41 | €20,986 | €48,359 | €9,012 | €13,789 | €19,479 | ▲ 41.3% |
| Trade receivables40 | €13,135 | €7,326 | €7,181 | €7,724 | €8,281 | ▲ 7.2% |
| Other amounts receivable41 | €7,851 | €41,033 | €1,831 | €6,065 | €11,198 | ▲ 84.6% |
| Current investments50/53 | - | €49,873 | €273,682 | €267,777 | €236,064 | ▼ 11.8% |
| Cash at bank and in hand54/58 | €308,292 | €413,806 | €126,917 | €29,675 | €18,090 | ▼ 39.0% |
| Deferred charges and accrued income490/1 | €459 | €482 | €2,894 | €1,620 | €1,886 | ▲ 16.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €367,041 | €534,683 | €427,044 | €327,400 | €349,469 | ▲ 6.7% |
| Equity10/15 | €259,258 | €284,361 | €319,515 | €321,427 | €335,350 | ▲ 4.3% |
| Contributions10/11 | €168,665 | €168,665 | €168,665 | €168,665 | €168,665 | = |
| Capital10 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Outside capital11 | €18,665 | €18,665 | €18,665 | €18,665 | €18,665 | = |
| Share premium1100/10 | €18,665 | €18,665 | €18,665 | €18,665 | €18,665 | = |
| Reserves13 | €90,593 | €115,696 | €150,850 | €152,761 | €166,685 | ▲ 9.1% |
| Non-distributable reserves130/1 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Legal reserve130 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Tax-exempt reserves132 | €992 | €992 | €992 | €992 | €992 | = |
| Distributable reserves133 | €74,601 | €99,704 | €134,858 | €136,770 | €150,693 | ▲ 10.2% |
| Amounts payable17/49 | €107,783 | €250,322 | €107,530 | €5,973 | €14,119 | ▲ 136% |
| Amounts payable within one year42/48 | €107,783 | €250,322 | €107,530 | €5,973 | €14,119 | ▲ 136% |
| Trade debts44 | €333 | €331 | €342 | €389 | €11,800 | ▲ 2,932% |
| Suppliers440/4 | €333 | €331 | €342 | €389 | €11,800 | ▲ 2,932% |
| Taxes, remuneration and social security45 | €4,373 | €6,821 | €3,610 | €1,162 | - | - |
| Taxes450/3 | €4,373 | €6,821 | €3,610 | €1,162 | - | - |
| Other amounts payable47/48 | €103,077 | €243,171 | €103,577 | €4,422 | €2,318 | ▼ 47.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €279,941 | €265,103 | €135,154 | €1,912 | €13,923 | ▲ 628% |
| + Depreciation and write-downs630 | €1,511 | €489 | - | - | €1,816 | - |
| Operating cash flow (approximation) | €281,451 | €265,592 | €135,154 | €1,912 | €15,740 | ▲ 723% |
| Investment in fixed assets (approximation) | - | €14,652 | €7,624 | €0 | -€50,227 | - |
| Change in cash | - | €105,515 | -€286,890 | -€97,242 | -€11,585 | ▲ 88.1% |
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
17-06
State Gazette act
Reappointment: Inge Siau (non-statutory director)Resignation: NV Cotinfi (non-statutory director) · Permanent representative: Paul Billiet · Appointment: Paul Billiet (non-statutory director)10 facts ▸
State Gazette act
Reappointment: Inge Siau (non-statutory director)
Resignation: NV Cotinfi (non-statutory director) · Permanent representative: Paul Billiet · Appointment: Paul Billiet (non-statutory director)10 facts ▸
- General meeting, 01-06-2026
- Director reappointment, Inge Siau (non-statutory director)
- Director resignation, NV Cotinfi (non-statutory director)
- Permanent representative, Paul Billiet (vaste vertegenwoordiger belast met de uitvoering van zijn bestuursmandaat in naam en voor rekening van de rechtspersoon)
- Other statement, algemene vergadering, kennisname en akkoord met ontslag vaste vertegenwoordiger
- Director appointment, Paul Billiet (non-statutory director)
- Board meeting, 01-06-2026
- Director resignation, NV Cotinfi (managing director)
- Other statement, bestuursorgaan, kennisname en akkoord met ontslag vaste vertegenwoordiger
- Director appointment, Paul Billiet (managing director)
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 14current ratio 52.38
Current ratio from 3.84 to 52.38; short-term debt falls from €107,530 to €5,973.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €279,941
Net result €279,941 after 3 loss-making years.
31-12
Financial
Equity above €200,000Eq €259,258 ▲227%
Equity rises from €79,317 to €259,258.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€29,585
Net result drops to -€29,585, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 7.03
Current ratio from 2.85 to 7.03; short-term debt falls from €29,029 to €4,476.
Show earlier events
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, 1 in day-to-day management, last change in 2026
Board 2
Inge Siau
CurrentNon-statutory director · since 01-06-2026
Paul Billiet
CurrentNon-statutory director · since 01-06-2026
Day-to-day management 1
Paul Billiet
CurrentManaging director · since 01-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Torhout · 1 establishment unit since 1984
Ground area
1.4 ha
Building footprint
250 m²
Volume, LiDAR
975 m³
Parcel 31522C0511/00M000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Rozeveldstraat 84, 8820 Torhout
since 19842.023.813.146
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522C0511/00M000 | Flanders | 1.4 ha | 1 · 250 m² | 6.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Inge Siau |
|
| Paul Billiet |
|
| NV Cotinfi |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Recognitions · licences · registrations
Legal Entity Identifier
98450084BBBB5YE6A720
Identification & contact
Identification
Legal formPublic limited company
Founded29-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
cotinfi@gmail.com
Phone
+3250685684
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425220878
Registered
24-12-2025
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.