Checked.be
Active
BE 0872.344.358Private limited company (pre-2019)
ANATHERM
Rue Marmont 7 ·4130 Esneux, Belgium· 21 yrs active
Sector: Vocational training
(85592)
Conclusion
ANATHERM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €-790. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 74% of 1975 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €66k |
| Net result | €-790 |
| Better than sector | 74% |
| Active | 21 yrs |
Financial profile
66
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
70
Profitability
0
Solvency
100
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2005, 21 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
70
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
73
2021
94
2022
70
2023
100
2024
70
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.65 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.65 (≥ 1.0)
+5
Leverage
Debt/equity 0.39 (< 1.0)
+10
Profitability
Negatieve ROE -1%
-10
Interest coverage
Interest coverage 19.4× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 21-05-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±0.7%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 85, Education · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 72.1% | 43.8% | |
| Net result | €-790 | €7k | |
| Equity | €66k | €33k | |
| Gross operating margin | €16k | €26k | |
| Total assets | €92k | €94k |
€15k
-47.7%
21-25
€-790
-
21-25
€12k
-43.8%
21-25
€92k
-18.0%
21-25
€66k
-11.6%
21-25
€42k
+10.4%
21-25
€3k
-60.1%
21-25
€8k
+10.0%
21-25
€26k
-30.8%
21-25
€26k
-30.8%
21-25
2.65
+30.3%
21-25
2.65
+30.3%
21-25
72.1%
+7.8%
21-25
0.39
-21.8%
21-25
-1.2%
-
21-25
-0.9%
-
21-25
19.42
-29.2%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €15k | €29k | €13k | €20k | €10k |
| Net profit | €-790 | €15k | €-1k | €5k | €-7k |
| Cash flow | €12k | €21k | €10k | €16k | €10k |
| Staff costs | - | - | - | - | - |
| Income taxes | €3k | €7k | €3k | €4k | €-197 |
| Dividends | €8k | €7k | €2k | €4k | - |
| Total assets | €92k | €112k | €89k | €92k | €106k |
| Equity | €66k | €75k | €66k | €70k | €69k |
| Debt | €26k | €37k | €23k | €22k | €37k |
| of which ≤ 1y | €26k | €37k | €23k | €22k | €37k |
| of which > 1y | - | - | - | - | - |
| Working capital | €42k | €38k | €59k | €51k | €39k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.65 | 2.03 | 3.57 | 3.34 | 2.06 |
| Quick ratio | 2.65 | 2.03 | 3.57 | 3.34 | 2.06 |
| Working capital ratio | 46.0% | 34.1% | 65.9% | 55.9% | 36.9% |
| Solvency | 72.1% | 66.9% | 74.3% | 76.1% | 65.1% |
| Debt / equity | 0.39 | 0.50 | 0.35 | 0.31 | 0.54 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 19.42 | 27.42 | 145.70 | 158.57 | 16.73 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -0.9% | 13.8% | -1.5% | 5.0% | -6.7% |
| ROE | -1.2% | 20.6% | -2.0% | 6.6% | -10.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €92k | €112k | €89k | €92k | €106k |
| Fixed assets | 21/28 | €24k | €37k | €8k | €19k | €30k |
| Tangible fixed assets | 22/27 | €16k | €29k | - | €11k | €22k |
| Financial fixed assets | 28 | €8k | €8k | €8k | €8k | €8k |
| Current assets | 29/58 | €68k | €75k | €82k | €73k | €76k |
| Amounts receivable within one year | 40/41 | €4k | €2k | €7k | €20k | €15k |
| Cash & bank | 54/58 | €63k | €73k | €74k | €54k | €61k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €92k | €112k | €89k | €92k | €106k |
| Equity | 10/15 | €66k | €75k | €66k | €70k | €69k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €9k | €9k | €9k | €9k | €9k |
| Accumulated profits (losses) | 14 | €38k | €47k | €39k | €42k | €41k |
| Amounts payable | 17/49 | €26k | €37k | €23k | €22k | €37k |
| Amounts payable within one year | 42/48 | €26k | €37k | €23k | €22k | €37k |
| Trade debts payable within one year | 44 | €8k | €6k | €5k | €6k | €4k |
| Income statement | ||||||
| Gross operating margin | 9900 | €16k | €31k | €14k | €22k | €11k |
| Operating result | 9901 | €3k | €23k | €2k | €9k | €-7k |
| Financial income | 75 | €360 | €426 | €160 | €37 | €115 |
| Financial charges | 65 | €782 | €1k | €87 | €127 | €614 |
| Result before taxes | 9903 | €2k | €23k | €2k | €9k | €-7k |
| Income taxes | 67/77 | €3k | €7k | €3k | €4k | €-197 |
| Net result for the period | 9904 | €-790 | €15k | €-1k | €5k | €-7k |
| Result to be appropriated | 9905 | €-790 | €15k | €-1k | €5k | €-7k |
Legal Structure
| NACE primary | Vocational training(85592) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 08-03-2005 |
| Status | Active |
| Postal code | 4130 |
Establishment units
Rue Marmont 7, 4130 Esneux
since 20052.147.847.442
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62032C0340/00G004 | Wallonia | 2,291 m² | 1 · 90 m² | - |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Credit advice
Company registry (CBE)
Activities
80421Vocational training85592Non-specialised wholesale trade4690051900Engineering and related technical consultancy, excluding land surveyors7112174203
Names & trade names
| Legal nameFR | ANATHERM |
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