Equity
ANAKE paid out €79,000 in dividends. That is 108% of the 2025 profit.
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 60% of them on solvency, 48% on liquidity, 72% on profitability and 35% on growth.
The bankruptcy probability was computed on 10-11-2026 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).
In July 2024, 26,972 companies had the same profile as ANAKE has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ANAKE itself: 0.5% within 12 months.
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 26,972 companies, not a prediction for ANAKE. 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.
Liquidity is tight, with a current ratio of 1.41 (1.41 in 2024), below the usual 1.5. Short-term debt is 48.4% and cash 17.9% of total assets. 55.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 28 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ANAKE Ottignies-Louvain-la-Neuve | €792,006 | €383,726 | 44.9% | 5.6 |
| Cornette 2.0 Lasne | €641,812 | €443,164 | 32.3% | 6.4 |
| Karimi Express Mechelen | €762,845 | €353,622 | 24.1% | 5.9 |
| Zeebrugge Market Bruges | €666,698 | €408,700 | 43.1% | 6.2 |
| FLATIZ Koekelberg | €712,942 | €290,239 | 4.4% | 5.1 |
| BOPADIS Gouvy | €777,802 | €308,714 | 66.9% | 6.2 |
| D & Delalieux Nivelles | €715,492 | €382,697 | 35.9% | 5 |
These companies have the same main activity as ANAKE: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €642,000 and €778,000, founded between 2019 and 2022.
ANAKE has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €355,456 and a net result of €73,039.
Equity grew by about 8% per year on average since 2021. In 2025 it fell by 1.6%. Its solvency ranks better than 60% of 5,069 sector peers (NACE 47, financial year 2025).
The computed 12-month bankruptcy probability is 0.5% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €3.7m. Estimated: probably between €3.0m and €4.9m.
Higher than 60% of 5,069 companies in 2025.
Higher than 48% of 4,995 companies in 2025.
Higher than 76% of 5,038 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 6 people joined and 11 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
792,006 | 854,203 | 886,899 | 867,682 | 809,017 | |
21/28 |
251,726 | 319,200 | 390,056 | 459,823 | 467,089 | |
21 |
217,171 | 276,059 | 334,948 | 393,837 | 452,726 | |
22/27 |
24,169 | 32,755 | 44,944 | 55,822 | 4,199 | |
23 |
15,876 | 20,060 | 25,996 | 30,369 | 1,244 | |
24 |
6,720 | 12,695 | 18,947 | 25,453 | 2,955 | |
26 |
1,573 | - | - | - | - | |
28 |
10,386 | 10,386 | 10,164 | 10,164 | 10,164 | |
29/58 |
540,280 | 535,003 | 496,843 | 407,859 | 341,927 | |
3 |
143,758 | 131,597 | 137,688 | 130,394 | 123,046 | |
30/36 |
143,758 | 131,597 | 137,688 | 130,394 | 123,046 | |
40/41 |
41,883 | 128,297 | 96,146 | 63,915 | 16,782 | |
40 |
5,841 | 5,673 | 11,617 | 18,126 | 7,585 | |
41 |
36,042 | 122,624 | 84,529 | 45,789 | 9,197 | |
50/53 |
200,000 | 180,000 | - | - | - | |
54/58 |
141,597 | 74,980 | 250,992 | 201,954 | 202,030 | |
490/1 |
13,042 | 20,128 | 12,016 | 11,597 | 70 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
792,006 | 854,203 | 886,899 | 867,682 | 809,017 | |
10/15 |
355,456 | 361,417 | 405,463 | 320,021 | 261,063 | |
10/11 |
170,000 | 170,000 | 170,000 | 170,000 | 170,000 | |
13 |
143,300 | 143,300 | 143,300 | 58,000 | - | |
133 |
143,300 | 143,300 | 143,300 | 58,000 | - | |
14 |
42,156 | 48,117 | 92,163 | 92,021 | 91,063 | |
17/49 |
436,550 | 492,786 | 481,436 | 547,661 | 547,954 | |
17 |
53,559 | 111,204 | 168,042 | 224,086 | 279,345 | |
170/4 |
53,559 | 111,204 | 168,042 | 224,086 | 279,345 | |
42/48 |
382,991 | 380,500 | 313,039 | 323,575 | 264,595 | |
42 |
57,645 | 56,838 | 56,044 | 55,260 | 54,021 | |
44 |
224,365 | 225,589 | 238,031 | 223,901 | 181,822 | |
440/4 |
224,365 | 225,589 | 238,031 | 223,901 | 181,822 | |
45 |
33,831 | 34,747 | 18,127 | 44,415 | 26,192 | |
450/3 |
11,850 | 12,045 | 1,077 | 23,802 | 9,000 | |
454/9 |
21,981 | 22,702 | 17,050 | 20,613 | 17,192 | |
47/48 |
67,150 | 63,325 | 838 | - | 2,560 | |
492/3 |
- | 1,082 | 355 | - | 4,013 | |
| Income statement | ||||||
76A |
- | - | 3,214 | - | - | |
9900 |
383,726 | 343,944 | 394,114 | 320,324 | 383,970 | |
62 |
189,740 | 202,735 | 181,995 | 156,032 | 157,045 | |
630 |
70,998 | 71,078 | 71,142 | 63,308 | 78,107 | |
640/8 |
70 | 1,195 | 384 | 518 | 11,319 | |
66A |
- | - | 2,090 | - | 1,168 | |
9901 |
122,918 | 68,936 | 138,503 | 100,466 | 136,330 | |
75/76B |
3,580 | 5,667 | 3,534 | 1,085 | 574 | |
75 |
3,580 | 5,667 | 3,534 | 1,085 | 574 | |
65/66B |
27,782 | 33,134 | 21,656 | 24,626 | 19,841 | |
65 |
27,782 | 33,134 | 21,656 | 24,626 | 19,841 | |
9903 |
98,716 | 41,469 | 120,381 | 76,925 | 117,063 | |
67/77 |
25,677 | 11,014 | 34,940 | 17,967 | 26,000 | |
9904 |
73,039 | 30,455 | 85,442 | 58,958 | 91,063 | |
9905 |
73,039 | 30,455 | 85,442 | 58,958 | 91,063 | |
| Appropriation of the result | ||||||
9906 |
115,156 | 48,117 | 177,463 | 150,021 | 91,063 | |
14P |
42,117 | 17,663 | 92,021 | 91,063 | - | |
791/2 |
6,000 | 74,500 | - | - | - | |
691/2 |
- | - | 85,300 | 58,000 | - | |
6921 |
- | - | 85,300 | 58,000 | - | |
694/7 |
79,000 | 74,500 | - | - | - | |
694 |
79,000 | 74,500 | - | - | - | |
| Social balance sheet | ||||||
9087 |
5.6 | 8 | 6 | 6 | 6.5 | |
Hours worked1013 |
9,562 | 10,041 | 9,399 | - | 9,517 | |
| Document | ||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 18-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 18-03-2026 | 2026-00056487 | |
| 31-12-2024 | full format | 30-07-2025 | 2025-00329785 | |
| 31-12-2023 | full format | 19-08-2024 | 2024-00360391 | |
| 31-12-2022 | full format | 27-07-2023 | 2023-00288007 | |
| 31-12-2021 | full format | 14-07-2022 | 2022-20214250 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 193,916 | 140,014 | 209,645 | 163,774 | 214,437 | ||
| 144,037 | 101,532 | 156,584 | 122,265 | 169,170 | ||
| 3,524 | 222 | 1,375 | 56,041 | 545,196 | ||
| 66,616 | -176,012 | 49,038 | -76 | - | ||
| 157,289 | 154,503 | 183,804 | 84,284 | 77,333 | ||
| 44.9% | 42.3% | 45.7% | 36.9% | 32.3% | ||
| 1.41 | 1.41 | 1.59 | 1.26 | 1.29 | ||
| 1.04 | 1.06 | 1.15 | 0.86 | 0.83 | ||
| 1.23 | 1.36 | 1.19 | 1.71 | 2.10 | ||
| 20.5% | 8.4% | 21.1% | 18.4% | 34.9% | ||
| 9.2% | 3.6% | 9.6% | 6.8% | 11.3% | ||
| 6.98 | 4.23 | 9.68 | 6.65 | 10.81 |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 8 | 5 | - | 7 |
| full-time | 5 | 6 | 5 | - | 5 |
| part-time | 0 | 2 | - | - | 2 |
| in full-time equivalents | 5 | 6.9 | - | - | 6.4 |
| 5.6 | 6 | 6 | 6 | 6.5 | |
| On a permanent contract | 3 | 4 | 4 | 3 | 3 |
| Joined | 6 | 6 | 9 | 17 | 33 |
| Left | 11 | 4 | 11 | 16 | 29 |
| Training hours | - | 0 | 301 | 311 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| - | - | €431,200 | €431,200 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,524 | - | €1,375 | €56,041 | €5,032 |
| Intangible fixed assets | - | - | - | - | €530,000 |
| Financial fixed assets | - | €222 | - | - | €10,164 |
| €70,998 | €71,078 | €71,142 | €63,308 | €78,107 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 78% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 57.7% to 55.1%. Equity and debt are lower.
ANAKE has no parent and no holdings in its annual accounts.
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
ANAKE was incorporated on 8 September 2020 as a private limited company by two natural persons, with a starting capital of €170,000.12 The board currently has 2 members, 2 of whom have served since 2020.3 Total assets went from €809,017 in 2021 to €792,006 in 2025 and headcount from 6.5 to 5.6 full-time equivalents.4
“L'activité principale sera toutefois l'exploitation d'un magasin dans le secteur de la grande distribution type Carrefour Express.”
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Grand-Rue 50 registered office 1348 Ottignies-Louvain-la-Neuve | 08-09-2020 | 2.306.769.866 | Retail with processing activity |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25386B0122/00N003 | 4,693 m² | 1 · 1,142 m² | 20.0 m · 5 |
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