ANALYSE +
ActiveSummary
ANALYSE + has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,020 and a net result of €69,256. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 32% of 2020 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency55▼-14
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.92 in 2024; short-term debt: 61.1% and cash: 79.5% of total assets), and 70% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 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
30%
Return on assets
27.7%
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 27-07-2026, 4 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
4 d early
2024
8 d early
2023
19 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 10 days before 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€75,020▲ 15.8%
2024 · €64,763
Total assets
€249,927▲ 69.5%
2024 · €147,474
Net result
€69,256▲ 17.1%
2024 · €59,128
Working capital
€74,897▲ 34.3%
2024 · €55,776
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€82,133-€81,311▼ 1.0%€94,644▲ 16.4%
Net result€60,636-€59,128▼ 2.5%€69,256▲ 17.1%
Equity€65,636-€64,763▼ 1.3%€75,020▲ 15.8%
Total assets€134,720-€147,474▲ 9.5%€249,927▲ 69.5%
Debt€69,085-€82,711▲ 19.7%€174,908▲ 111%
Working capital€58,344-€55,776▼ 4.4%€74,897▲ 34.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €249,927
Fixed assets
€22,385 ▼ 27.3%
Current assets
€227,543 ▲ 95.0%
Equity and liabilities €249,927
Equity
€75,020 ▲ 15.8%
Debt
€174,908 ▲ 111%
Debt's share of the balance-sheet total rises from 56.1% to 70.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€104,411▲
2024 · €90,894
Cash flow
€79,022▲
2024 · €68,710
Current ratio
1.49▼
2024 · 1.92
Debt to equity
2.33▲
2024 · 1.28
ROE
92.3%▲
2024 · 91.3%
ROA
27.7%▼
2024 · 40.1%
Interest coverage
60.75▲
2024 · 46.49
Debt ≤ 1 year
€152,645▲
2024 · €60,893
Debt > 1 year
€11,813▼
2024 · €21,398
Income taxes
€23,670▲
2024 · €20,238
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,967 | €9,582 | €9,766 | ▲ 1.9% |
| Other operating charges640/8 | €341 | €212 | €845 | ▲ 298% |
| Gross operating margin9900 | €89,441 | €91,106 | €105,255 | ▲ 15.5% |
| Operating profit (loss)9901 | €82,133 | €81,311 | €94,644 | ▲ 16.4% |
| Financial income75/76B | €0 | €9 | €0 | ▼ 95.1% |
| Recurring financial income75 | €0 | €9 | €0 | ▼ 95.1% |
| Financial charges65/66B | €1,953 | €1,955 | €1,719 | ▼ 12.1% |
| Recurring financial charges65 | €1,953 | €1,955 | €1,719 | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €80,180 | €79,366 | €92,926 | ▲ 17.1% |
| Income taxes67/77 | €19,545 | €20,238 | €23,670 | ▲ 17.0% |
| Profit (loss) for the period9904 | €60,636 | €59,128 | €69,256 | ▲ 17.1% |
| Profit (loss) for the period to be appropriated9905 | €60,636 | €59,128 | €69,256 | ▲ 17.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €134,720 | €147,474 | €249,927 | ▲ 69.5% |
| Fixed assets21/28 | €39,103 | €30,805 | €22,385 | ▼ 27.3% |
| Tangible fixed assets22/27 | €39,103 | €30,805 | €22,385 | ▼ 27.3% |
| Furniture and vehicles24 | - | €916 | €1,710 | ▲ 86.7% |
| Leasing and similar rights25 | €39,103 | €29,889 | €20,675 | ▼ 30.8% |
| Current assets29/58 | €95,617 | €116,669 | €227,543 | ▲ 95.0% |
| Amounts receivable within one year40/41 | €5,470 | €7,040 | €26,887 | ▲ 282% |
| Trade receivables40 | €3,163 | €6,358 | €6,115 | ▼ 3.8% |
| Other amounts receivable41 | €2,307 | €682 | €20,772 | ▲ 2,946% |
| Cash at bank and in hand54/58 | €89,703 | €108,761 | €198,771 | ▲ 82.8% |
| Deferred charges and accrued income490/1 | €444 | €869 | €1,885 | ▲ 117% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €134,720 | €147,474 | €249,927 | ▲ 69.5% |
| Equity10/15 | €65,636 | €64,763 | €75,020 | ▲ 15.8% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €60,636 | €59,763 | €70,020 | ▲ 17.2% |
| Distributable reserves133 | €60,636 | €59,763 | €70,020 | ▲ 17.2% |
| Amounts payable17/49 | €69,085 | €82,711 | €174,908 | ▲ 111% |
| Amounts payable after more than one year17 | €30,512 | €21,398 | €11,813 | ▼ 44.8% |
| Financial debts170/4 | €30,512 | €21,398 | €11,813 | ▼ 44.8% |
| Amounts payable within one year42/48 | €37,273 | €60,893 | €152,645 | ▲ 151% |
| Current portion of amounts payable after more than one year42 | €8,665 | €9,114 | €9,586 | ▲ 5.2% |
| Financial debts43 | - | - | €20,000 | - |
| Credit institutions430/8 | - | - | €20,000 | - |
| Trade debts44 | €4,145 | €7,456 | €11,561 | ▲ 55.1% |
| Suppliers440/4 | €4,145 | €7,456 | €11,561 | ▲ 55.1% |
| Advances received on contracts in progress46 | - | €500 | - | - |
| Taxes, remuneration and social security45 | €24,463 | €29,124 | €52,498 | ▲ 80.3% |
| Taxes450/3 | €24,463 | €29,124 | €52,498 | ▲ 80.3% |
| Other amounts payable47/48 | - | €14,700 | €59,000 | ▲ 301% |
| Accrued charges and deferred income492/3 | €1,300 | €420 | €10,450 | ▲ 2,391% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,636 | €59,128 | €69,256 | ▲ 17.1% |
| + Depreciation and write-downs630 | €6,967 | €9,582 | €9,766 | ▲ 1.9% |
| Operating cash flow (approximation) | €67,603 | €68,710 | €79,022 | ▲ 15.0% |
| Investment in fixed assets (approximation) | - | -€1,284 | -€1,346 | ▼ 4.8% |
| Change in cash | - | €19,058 | €90,010 | ▲ 372% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2023net €69,256 ▲17.1%
Operating result €94,644, net result €69,256, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €59,128 ▼2.5%
Net result drops to €59,128, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Herk-de-Stad · 1 establishment unit since 2022
Ground area
2,309 m²
Building footprint
189 m²
Volume, LiDAR
708 m³
Parcel 71024C0748/00S000, Flanders · tallest building 10.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ANALYSE +
since 20222.339.752.143
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71024C0748/00S000 | Flanders | 2,309 m² | 1 · 189 m² | 10.8 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 128 EUR awarded · 128 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 128 EUR | 128 EUR |
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Of 2,147 companies in sector 71209 we hold annual accounts for 1,087. 808 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
Scores and ratios are computed by Checked and are not a credit decision.