Summary
ANACOM has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €44.1m and a net result of -€2.2m. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 712 sector peers (fiscal year 2025). The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 02-07-2026, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
29 d early
2024
22 d early
2023
1 d late
2022
20 d early
2021
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 6 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, statutory accounts
In the rankings
#3 company by equity in the province of Antwerp, Advertising and market research sector#5 company by total assets in the province of Antwerp, Advertising and market research sector
Turnover
€653,700▲ 63.2%
2024 · €400,558
EBIT margin
-79.0%▲ 57.8pp
2024 · -136.8%
Net result
-€2.2m
2024 · €175,809
Working capital
€6.7m▼ 4.4%
2024 · €7.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€417,131▲ 17.0%€569,456▲ 36.5%€680,621▲ 19.5%€400,558▼ 41.1%€653,700▲ 63.2%
Operating result-€70,103▲ 75.0%€68,099€50,215▼ 26.3%-€548,151-€516,640▲ 5.7%
Net result€818,687above the sector's middle half▲ 98.3%€1.2mabove the sector's middle half▲ 51.8%€14.2mabove the sector's middle half▲ 1,039%€175,809above the sector's middle half▼ 98.8%-€2.2mbelow the sector's middle half
EBIT margin-16.8%▲ 61.9pp12.0%▲ 28.8pp7.4%▼ 4.6pp-136.8%▼ 144.2pp-79.0%▲ 57.8pp
Equity€31.5mabove the sector's middle half▲ 2.7%€32.7mabove the sector's middle half▲ 4.0%€46.9mabove the sector's middle half▲ 43.3%€46.2mabove the sector's middle half▼ 1.3%€44.1mabove the sector's middle half▼ 4.7%
Total assets€31.6mabove the sector's middle half▲ 2.4%€32.8mabove the sector's middle half▲ 3.9%€47.1mabove the sector's middle half▲ 43.5%€46.9mabove the sector's middle half▼ 0.3%€44.3mabove the sector's middle half▼ 5.6%
Debt€133,886▼ 37.0%€109,190▼ 18.4%€232,204▲ 113%€700,807▲ 202%€213,424▼ 69.5%
Working capital€10.1m▲ 24.4%€11.1m▲ 9.5%€13.3m▲ 20.1%€7.0m▼ 47.3%€6.7m▼ 4.4%
Solvency99.6%above the sector's middle half▲ 0.3pp99.7%above the sector's middle half▲ 0.1pp99.5%above the sector's middle half▼ 0.2pp98.5%above the sector's middle half▼ 1.0pp99.5%above the sector's middle half▲ 1.0pp
Staff (FTE)3.1within the sector's middle half=3.1within the sector's middle half=3.1within the sector's middle half=3.3within the sector's middle half▲ 6.5%3.2within the sector's middle half▼ 3.0%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €516,640 in 2025 against €548,151 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44.3m
Fixed assets
€37.4m ▼ 4.7%
Current assets
€6.9m ▼ 10.3%
Equity and liabilities €44.3m
Equity
€44.1m ▼ 4.7%
Debt
€213,424 ▼ 69.5%
Debt's share of the balance-sheet total falls from 1.5% to 0.5%. Equity and debt are lower.
Key figures and ratios
ROE
-4.9%▼
2024 · 0.4%
ROA
-4.9%▼
2024 · 0.4%
Debt ≤ 1 year
€213,424▼
2024 · €700,807
Income taxes
€646▼
2024 · €149,266
Staff costs
€396,737▲
2024 · €353,224
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €519,765 | €592,552 | €706,412 | €426,199 | €691,743 | ▲ 62.3% |
| Turnover70 | €417,131 | €569,456 | €680,621 | €400,558 | €653,700 | ▲ 63.2% |
| Other operating income74 | €102,634 | €23,097 | €25,791 | €25,641 | €38,043 | ▲ 48.4% |
| Operating charges60/66A | €589,868 | €524,453 | €656,197 | €974,349 | €1.2m | ▲ 24.0% |
| Services and other goods61 | €251,004 | €236,935 | €306,881 | €570,948 | €792,980 | ▲ 38.9% |
| Remuneration, social security and pensions62 | €260,188 | €270,908 | €322,399 | €353,224 | €396,737 | ▲ 12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,782 | €7,252 | €5,041 | €4,998 | €2,488 | ▼ 50.2% |
| Other operating charges640/8 | €9,894 | €9,359 | €21,875 | €45,180 | €16,178 | ▼ 64.2% |
| Operating profit (loss)9901 | -€70,103 | €68,099 | €50,215 | -€548,151 | -€516,640 | ▲ 5.7% |
| Financial income75/76B | €1.2m | €1.3m | €14.7m | €1.9m | €1.6m | ▼ 18.8% |
| Recurring financial income75 | €950,000 | €1.1m | €1.2m | €1.9m | €1.5m | ▼ 19.8% |
| Income from financial fixed assets750 | €950,000 | €1.1m | €752,490 | €1.7m | €1.3m | ▼ 23.2% |
| Income from current assets751 | - | €736 | €455,192 | €178,365 | €119,224 | ▼ 33.2% |
| Other financial income752/9 | - | - | €21,148 | €46,203 | €117,654 | ▲ 155% |
| Non-recurring financial income76B | €248,743 | €197,631 | €13.4m | €52,216 | €60,512 | ▲ 15.9% |
| Financial charges65/66B | €309,404 | €82,919 | €544,592 | €1.1m | €3.2m | ▲ 202% |
| Recurring financial charges65 | €38,212 | €82,919 | €191,589 | €129,079 | -€9,173 | ▼ 107% |
| Debt charges650 | - | - | €426 | - | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | €20,778 | €12,974 | €95,696 | -€39,829 | ▼ 142% |
| Other financial charges652/9 | €38,212 | €62,140 | €178,189 | €33,383 | €30,656 | ▼ 8.2% |
| Non-recurring financial charges66B | €271,192 | - | €353,003 | €930,000 | €3.2m | ▲ 245% |
| Profit (loss) for the period before taxes9903 | €819,236 | €1.2m | €14.2m | €325,076 | -€2.1m | ▼ 761% |
| Income taxes67/77 | €549 | €558 | €17,131 | €149,266 | €646 | ▼ 99.6% |
| Taxes670/3 | €549 | €558 | €17,131 | €149,266 | €646 | ▼ 99.6% |
| Profit (loss) for the period9904 | €818,687 | €1.2m | €14.2m | €175,809 | -€2.2m | ▼ 1,323% |
| Profit (loss) for the period to be appropriated9905 | €818,687 | €1.2m | €14.2m | €175,809 | -€2.2m | ▼ 1,323% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31.6m | €32.8m | €47.1m | €46.9m | €44.3m | ▼ 5.6% |
| Fixed assets21/28 | €21.4m | €21.6m | €33.6m | €39.2m | €37.4m | ▼ 4.7% |
| Intangible fixed assets21 | - | - | €22 | - | - | - |
| Tangible fixed assets22/27 | €185,796 | €177,984 | €173,008 | €140,404 | €137,916 | ▼ 1.8% |
| Furniture and vehicles24 | €59,035 | €51,223 | €46,247 | €13,643 | €11,155 | ▼ 18.2% |
| Other tangible fixed assets26 | €126,761 | €126,761 | €126,761 | €126,761 | €126,761 | = |
| Financial fixed assets28 | €21.2m | €21.5m | €33.4m | €39.1m | €37.3m | ▼ 4.7% |
| Affiliated companies280/1 | €20.8m | €21.0m | €32.8m | €38.2m | €36.3m | ▼ 5.1% |
| Participating interests280 | €20.8m | €21.0m | €21.6m | €31.5m | €28.2m | ▼ 10.5% |
| Amounts receivable281 | - | - | €11.1m | €6.7m | €8.1m | ▲ 20.4% |
| Companies linked by participating interests282/3 | €55,000 | €55,000 | - | - | - | - |
| Participating interests282 | €55,000 | €55,000 | - | - | - | - |
| Other financial fixed assets284/8 | €311,835 | €402,763 | €648,417 | €857,618 | €964,616 | ▲ 12.5% |
| Shares284 | €284,957 | €375,885 | €596,538 | €805,740 | €912,738 | ▲ 13.3% |
| Amounts receivable and cash guarantees285/8 | €26,879 | €26,879 | €51,879 | €51,879 | €51,879 | = |
| Current assets29/58 | €10.2m | €11.2m | €13.5m | €7.7m | €6.9m | ▼ 10.3% |
| Amounts receivable after more than one year29 | €105,180 | €75,180 | - | - | - | - |
| Other amounts receivable291 | €105,180 | €75,180 | - | - | - | - |
| Amounts receivable within one year40/41 | €74,086 | €51,933 | €2.9m | €366,092 | €353,026 | ▼ 3.6% |
| Trade receivables40 | €72,600 | €50,820 | €228,923 | €229,661 | €305,185 | ▲ 32.9% |
| Other amounts receivable41 | €1,486 | €1,113 | €2.7m | €136,430 | €47,841 | ▼ 64.9% |
| Current investments50/53 | - | €897,511 | €10.3m | €7.2m | €6.4m | ▼ 11.4% |
| Other investments51/53 | - | €897,511 | €10.3m | €7.2m | €6.4m | ▼ 11.4% |
| Cash at bank and in hand54/58 | €10.1m | €10.1m | €250,565 | €100,842 | €122,420 | ▲ 21.4% |
| Deferred charges and accrued income490/1 | €2,198 | €2,410 | €16,178 | €3,483 | €23,847 | ▲ 585% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31.6m | €32.8m | €47.1m | €46.9m | €44.3m | ▼ 5.6% |
| Equity10/15 | €31.5m | €32.7m | €46.9m | €46.2m | €44.1m | ▼ 4.7% |
| Contributions10/11 | €773,021 | €773,021 | €773,021 | €773,021 | €773,021 | = |
| Reserves13 | €30.7m | €31.9m | €46.1m | €45.5m | €43.3m | ▼ 4.7% |
| Non-distributable reserves130/1 | €254,000 | €254,000 | - | - | - | - |
| Reserves not available under the articles1311 | €254,000 | €254,000 | - | - | - | - |
| Distributable reserves133 | €30.4m | €31.7m | €46.1m | €45.5m | €43.3m | ▼ 4.7% |
| Amounts payable17/49 | €133,886 | €109,190 | €232,204 | €700,807 | €213,424 | ▼ 69.5% |
| Amounts payable within one year42/48 | €133,886 | €109,190 | €232,204 | €700,807 | €213,424 | ▼ 69.5% |
| Trade debts44 | €31,936 | €4,257 | €25,046 | €136,877 | €167,037 | ▲ 22.0% |
| Suppliers440/4 | €31,936 | €4,257 | €25,046 | €136,877 | €167,037 | ▲ 22.0% |
| Taxes, remuneration and social security45 | €101,739 | €101,323 | €204,962 | €81,883 | €44,858 | ▼ 45.2% |
| Taxes450/3 | €62,425 | €60,776 | €155,951 | €29,411 | €12,558 | ▼ 57.3% |
| Remuneration and social security454/9 | €39,314 | €40,547 | €49,011 | €52,472 | €32,299 | ▼ 38.4% |
| Other amounts payable47/48 | €210 | €3,610 | €2,196 | €482,047 | €1,529 | ▼ 99.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €818,687 | €1.2m | €14.2m | €175,809 | -€2.2m | ▼ 1,323% |
| + Depreciation and write-downs630 | €68,782 | €7,252 | €5,041 | €4,998 | €2,488 | ▼ 50.2% |
| Operating cash flow (approximation) | €887,469 | €1.3m | €14.2m | €180,807 | -€2.1m | ▼ 1,288% |
| Investment in fixed assets (approximation) | - | -€287,999 | -€11.9m | -€5.7m | €1.8m | ▲ 132% |
| Change in cash | - | €91,976 | -€9.9m | -€149,723 | €21,578 | ▲ 114% |
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
14-09
State Gazette act
General meeting · Director reappointment
Director resignation · Permanent representative
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€2.2m
Net result drops to -€2.2m, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 32.38
Current ratio from 11.00 to 32.38; short-term debt falls from €700,807 to €213,424.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated · 1 day late
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2023
31-12
Financial
Highest result since 2018net €14.2m ▲1,039%
Net result €14.2m, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 39.40
Current ratio from 18.24 to 39.40; short-term debt falls from €446,083 to €211,547.
2019
31-12
Financial
Back to profitnet €1.4m
Net result €1.4m after one loss-making year.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
16 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 3 establishment units since 1982
Ground area
1.1 ha
Building footprint
1,480 m²
Volume, LiDAR
47,343 m³
3 parcels, Flanders, Wallonia · tallest building 52.5 m, ±14 floors. Linked by address, not a title deed.
3 establishment units
ANACOM BVBA
since 19822.021.621.936
ANACOM BVBA
since 19962.021.622.134
ANACOM BVBA
since 19962.021.622.035
3 parcels
Flanders
2
(66.7%)
Wallonia
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1698/00E000 | Flanders | 9,863 m² | 1 · 1,162 m² | 52.5 m · 14 fl. |
| 11003A0211/00H000 | Flanders | 1,014 m² | 1 · 227 m² | 8.0 m · 2 fl. |
| 92101A0050/00H003 | Wallonia | 72 m² | 1 · 91 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Heads the group
ANACOM
5 companies
Group, risk and exposure
Owners and holdings
8 holdings · 20 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 8
-
100%
-
100%
-
100%
- SHANGHAI AHLERS INTERNATIONAL LOGISTICS CO LTDCNsubsidiarySourceown accounts 2025Equity CNY 7.5mResult -CNY 3.4m100%
- SHANGHAI AHLERS INTERNATIONAL TRADING CO LTDCNsubsidiarySourceown accounts 2025Equity -CNY 1.6mResult -CNY 474,113100%
-
66.6%
-
53.79%
- Ahlers International S.A.LUsubsidiarySourceLEI registerconsolidated
All subsidiaries, including indirect ones 20
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
Ahlers Logistics 100%11 subsidiaries
- Ahlers KazachstanKZ 100%
- Ahlers KlaipedaLV 100%
- Ahlers LogisticsUZ 100%
- Ahlers Logistics UkraineUA 100%
- Ahlers SingaporeSG 100%
- Ahlers TLKKZ 100%
- Ahlers UkraineUA 100%
- Ahlers VietnamVN 100%
- Bridge LinesLU 100%
- Ahlers PlusRS 70%
- AhlersPrimRO 70%
- ASTROS SALU 100%
- AXE INVESTMENTS/ SEA LLOYD 100%
- SHANGHAI AHLERS INTERNATIONAL LOGISTICS CO LTDCN 100%
- SHANGHAI AHLERS INTERNATIONAL TRADING CO LTDCN 100%
DoxBe 66.6%1 subsidiary
- Bim-e solutionsLU 100%
- AHLERS INDIA PVT LTDIN 53.79%
- Ahlers International S.A.LU consolidated
According to the 2025 annual accounts of ANACOM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Shareholding
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Ownership & control
1 board mandateANACOMBE 0423.405.196
controls
Where this company holds controlsubsidiary per the LEI register1
Ahlers International S.A.
Luxembourg, Luxembourg · LEI lapsed
Board mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
699400AY9KNTJGXAXY39
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Identification & contact
Identification
Legal formPrivate limited company
Founded24-12-1982
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
73200Market research and public opinion polling
47820Retail sale of motor vehicle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423405196
Also
9925:BE0423405196
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.