ANALEX
ActiveSummary
ANALEX has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25.8m and a net result of -€114,458. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 95% of 737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▲+1
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 9.9 against 10.09 in 2024; short-term debt: 4.6% and cash: 0.1% of total assets), and 4.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
95.3%
Return on assets
-0.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192022232425
2018 to 2025 · latest year -€114,458
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
31 d early
2023
30 d late
2022
28 d early
2021
23 d late
2020
8 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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. Usually files around 23 August (4 of the last 5 filed years within 51 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€39,000
EBIT margin
-1072.3%
Net result
-€114,458▲ 93.8%
2024 · -€1.8m
Working capital
€11.0m▼ 1.9%
2024 · €11.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20202022202320242025
Turnover€39,000
Operating result€190,495▲ 18.9%€61,770--€373,937-€304,605▲ 18.5%-€418,199▼ 37.3%
Net result€544,124above the sector's middle half▲ 278%€1.1mabove the sector's middle half--€1.6mbelow the sector's middle half-€1.8mbelow the sector's middle half▼ 16.9%-€114,458below the sector's middle half▲ 93.8%
EBIT margin-1072.3%
Equity€27.3mabove the sector's middle half▲ 2.0%€30.3mabove the sector's middle half-€28.7mabove the sector's middle half▼ 5.2%€26.9mabove the sector's middle half▼ 6.4%€25.8mabove the sector's middle half▼ 4.1%
Total assets€30.4mabove the sector's middle half▲ 0.4%€33.1mabove the sector's middle half-€30.6mabove the sector's middle half▼ 7.7%€28.2mabove the sector's middle half▼ 7.8%€27.1mabove the sector's middle half▼ 4.0%
Debt€3.1m▼ 12.0%€2.8m-€1.8m▼ 34.7%€1.3m▼ 30.0%€1.3m▼ 1.2%
Working capital-€1.7mbelow the sector's middle half▲ 16.3%-€2.0mbelow the sector's middle half-€11.6mabove the sector's middle half€11.2mabove the sector's middle half▼ 3.7%€11.0mabove the sector's middle half▼ 1.9%
Solvency89.8%above the sector's middle half▲ 1.4pp91.5%above the sector's middle half-94.0%above the sector's middle half▲ 2.5pp95.4%above the sector's middle half▲ 1.4pp95.3%above the sector's middle half▼ 0.1pp
Current ratio0.25below the sector's middle half▲ 0.060.17below the sector's middle half-8.58above the sector's middle half▲ 8.4110.09above the sector's middle half▲ 1.529.90above the sector's middle half▼ 0.20
Return on assets (ROA)1.8%within the sector's middle half▲ 1.3pp3.4%within the sector's middle half--5.2%below the sector's middle half▼ 8.6pp-6.5%below the sector's middle half▼ 1.4pp-0.4%below the sector's middle half▲ 6.1pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +94% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €418,199 in 2025 against €304,605 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27.1m
Fixed assets
€14.8m ▼ 5.8%
Current assets
€12.2m ▼ 1.7%
Equity and liabilities €27.1m
Equity
€25.8m ▼ 4.1%
Debt
€1.3m ▼ 1.2%
Debt's share of the balance-sheet total rises from 4.6% to 4.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€412,756▼
2024 · -€290,798
Cash flow
-€109,016▲
2024 · -€1.8m
Debt to equity
0.05▲
2024 · 0.05
ROE
-0.4%▲
2024 · -6.9%
Interest coverage
-5.04▼
2024 · -1.97
Debt ≤ 1 year
€1.2m▲
2024 · €1.2m
Income taxes
€28,684▲
2024 · €7,515
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €39,000 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €444,769 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,928 | €30,226 | €24,359 | €13,807 | €5,443 | ▼ 60.6% |
| Other operating charges640/8 | - | €4,424 | €16,505 | €1,337 | €1,657 | ▲ 24.0% |
| Non-recurring operating charges66A | - | - | - | €2,746 | €7,439 | ▲ 171% |
| Gross operating margin9900 | €222,492 | €96,420 | -€333,073 | -€286,714 | -€403,660 | ▼ 40.8% |
| Operating profit (loss)9901 | €190,495 | €61,770 | -€373,937 | -€304,605 | -€418,199 | ▼ 37.3% |
| Financial income75/76B | - | €1.2m | €507,980 | €996,860 | €1.2m | ▲ 16.2% |
| Recurring financial income75 | €231,439 | €1.2m | €507,980 | €996,860 | €745,576 | ▼ 25.2% |
| Non-recurring financial income76B | - | - | - | €0 | €413,000 | - |
| Financial charges65/66B | - | €142,636 | €1.7m | €2.5m | €826,152 | ▼ 67.3% |
| Recurring financial charges65 | €147,632 | €142,636 | €1.7m | €147,968 | €81,822 | ▼ 44.7% |
| Non-recurring financial charges66B | - | - | - | €2.4m | €744,330 | ▼ 68.7% |
| Profit (loss) for the period before taxes9903 | €546,052 | €1.1m | -€1.6m | -€1.8m | -€85,775 | ▲ 95.3% |
| Income taxes67/77 | €1,928 | €922 | €660 | €7,515 | €28,684 | ▲ 282% |
| Profit (loss) for the period9904 | €544,124 | €1.1m | -€1.6m | -€1.8m | -€114,458 | ▲ 93.8% |
| Profit (loss) for the period to be appropriated9905 | €544,124 | €1.1m | -€1.6m | -€1.8m | -€114,458 | ▲ 93.8% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30.4m | €33.1m | €30.6m | €28.2m | €27.1m | ▼ 4.0% |
| Fixed assets21/28 | €29.8m | €32.7m | €17.4m | €15.8m | €14.8m | ▼ 5.8% |
| Intangible fixed assets21 | €2,916 | €2,187 | €1,823 | €1,458 | €1,094 | ▼ 25.0% |
| Tangible fixed assets22/27 | €82,652 | €87,018 | €46,008 | €29,033 | €8,739 | ▼ 69.9% |
| Plant, machinery and equipment23 | - | €8,517 | €5,631 | €3,392 | €7,147 | ▲ 111% |
| Furniture and vehicles24 | - | €78,501 | €40,377 | €25,642 | €1,592 | ▼ 93.8% |
| Financial fixed assets28 | €29.7m | €32.7m | €17.4m | €15.7m | €14.8m | ▼ 5.7% |
| Current assets29/58 | €584,154 | €402,017 | €13.2m | €12.4m | €12.2m | ▼ 1.7% |
| Amounts receivable after more than one year29 | - | - | €5.3m | €5.7m | €6.0m | ▲ 6.5% |
| Other amounts receivable291 | - | - | €5.3m | €5.7m | €6.0m | ▲ 6.5% |
| Amounts receivable within one year40/41 | €514,877 | €346,916 | €2.7m | €4.5m | €4.0m | ▼ 11.2% |
| Trade receivables40 | - | €34,296 | €43,552 | €15,232 | €1,500 | ▼ 90.2% |
| Other amounts receivable41 | - | €312,620 | €2.6m | €4.5m | €4.0m | ▼ 10.9% |
| Current investments50/53 | - | - | €5.1m | €2.1m | €2.1m | = |
| Cash at bank and in hand54/58 | €47,286 | €53,050 | €32,203 | €140,909 | €35,382 | ▼ 74.9% |
| Deferred charges and accrued income490/1 | - | €2,051 | €22,585 | €19,388 | €42,529 | ▲ 119% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30.4m | €33.1m | €30.6m | €28.2m | €27.1m | ▼ 4.0% |
| Equity10/15 | €27.3m | €30.3m | €28.7m | €26.9m | €25.8m | ▼ 4.1% |
| Contributions10/11 | €1.3m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Capital10 | - | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Issued capital100 | - | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Reserves13 | €26.0m | €28.6m | €27.0m | €25.2m | €24.1m | ▼ 4.4% |
| Non-distributable reserves130/1 | - | €170,411 | €2.3m | €2.3m | €2.3m | = |
| Legal reserve130 | - | €170,411 | €170,411 | €170,411 | €170,411 | = |
| Own shares acquired1312 | - | - | €2.1m | €2.1m | €2.1m | = |
| Distributable reserves133 | - | €28.4m | €24.7m | €22.9m | €21.8m | ▼ 4.9% |
| Profit (loss) carried forward14 | €411 | - | €21,212 | €0 | €0 | - |
| Amounts payable17/49 | €3.1m | €2.8m | €1.8m | €1.3m | €1.3m | ▼ 1.2% |
| Amounts payable after more than one year17 | €561,985 | €190,451 | €189,751 | €0 | - | - |
| Financial debts170/4 | - | €190,451 | €189,751 | €0 | - | - |
| Amounts payable within one year42/48 | €2.3m | €2.4m | €1.5m | €1.2m | €1.2m | ▲ 0.2% |
| Current portion of amounts payable after more than one year42 | - | €264,679 | - | - | - | - |
| Financial debts43 | - | - | - | - | €5,094 | - |
| Credit institutions430/8 | - | - | - | - | €5,094 | - |
| Trade debts44 | €5,376 | €1,691 | €64,994 | €41,129 | €107,517 | ▲ 161% |
| Suppliers440/4 | - | €1,691 | €64,994 | €41,129 | €107,517 | ▲ 161% |
| Taxes, remuneration and social security45 | - | €13,991 | €4,194 | €24,783 | €43,744 | ▲ 76.5% |
| Taxes450/3 | - | €13,991 | €2,000 | €24,783 | €40,998 | ▲ 65.4% |
| Remuneration and social security454/9 | - | - | €2,194 | €0 | €2,745 | - |
| Other amounts payable47/48 | - | €2.1m | €1.5m | €1.2m | €1.1m | ▼ 7.5% |
| Accrued charges and deferred income492/3 | - | €224,967 | €119,748 | €59,322 | €41,547 | ▼ 30.0% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €544,124 | €1.1m | -€1.6m | -€1.8m | -€114,458 | ▲ 93.8% |
| + Depreciation and write-downs630 | €26,928 | €30,226 | €24,359 | €13,807 | €5,443 | ▼ 60.6% |
| Operating cash flow (approximation) | €571,052 | €1.2m | -€1.6m | -€1.8m | -€109,016 | ▲ 94.0% |
| Investment in fixed assets (approximation) | - | - | €15.3m | €1.7m | €908,325 | ▼ 45.1% |
| Change in cash | - | - | -€20,847 | €108,706 | -€105,527 | ▼ 197% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
14-08
State Gazette act
Incorporation · Founder
Founding capital · Name clause
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€1.8m
Net result drops to -€1.8m, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Liquidity times 51current ratio 8.58
Current ratio from 0.17 to 8.58; short-term debt falls from €2.4m to €1.5m.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €1.1m ▲109%
Net result €1.1m, the highest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 12 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Gent · 1 establishment unit since 1989
Ground area
1,051 m²
Building footprint
274 m²
Volume, LiDAR
1,445 m³
Parcel 44017B0201/00Y007, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Adriaan Walckiersdreef 9, 9031 Gent
since 19892.034.599.447
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017B0201/00Y007 | Flanders | 1,051 m² | 1 · 274 m² | 8.9 m · 2 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.
Structure & network
Owners and holdings
2 owners · 5 holdingsChain of control
- Axxis Slovakia Spol.SK
- ANALEX
Highest known parent: Axxis Slovakia Spol. (Slovakia). The sources do not say who stands above it.
Owners 2
- Axxis Slovakia Spol.SKparentSourceown accounts 202591.57%
- Alexander Dumareynatural personSourceown accounts 20250%
Holdings 5
-
70.4%
-
64.67%
-
50%
-
33.33%
-
30%
According to the 2025 annual accounts of ANALEX 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
No current directors or connected companies found in the register.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 363 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-12-1987
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433047095
Also
9925:BE0433047095
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.