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Anbico

Active
Public limited companyfounded 1979active for 47 yearsFrans Van Dijckstraat 25, 2100 Antwerpen, BelgiumKBO/BCE: BE 0419.269.434
Summary

The computed 12-month bankruptcy probability of Anbico is 1.8% (moderate). The 2025 annual accounts show equity of €829,750 and a net result of -€204,922. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 69% of 2,396 sector peers (NACE 43, financial year 2025). The company has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, full format

2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00429593.

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€204,922
2024 · €80,390
Working capital
€729,119▼ 19.7%
2024 · €907,770
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result turns negative in 2025: a loss of €173,745 after €151,867 in 2024, the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€0.2m 2025 Net result-€0.2m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.3m-€0.08m▼ 74.8%€0.2m▲ 163%€0.2m▼ 22.7%€0.2m▲ 19.0%€0.2m▼ 22.2%-€0.2m
Net result€0.2m-€0.04mwithin the sector's middle half▼ 78.1%€0.1mabove the sector's middle half▲ 207%€0.08mwithin the sector's middle half▼ 37.7%€0.1mwithin the sector's middle half▲ 54.9%€0.08mwithin the sector's middle half▼ 35.8%-€0.2mbelow the sector's middle half
Equity€0.6m-€0.6mabove the sector's middle half▲ 7.3%€0.7mabove the sector's middle half▲ 21.0%€0.8mabove the sector's middle half▲ 10.8%€1.0mabove the sector's middle half▲ 15.1%€1.0mabove the sector's middle half▲ 8.4%€0.8mwithin the sector's middle half▼ 19.8%
Total assets€1.3m-€1.4mwithin the sector's middle half▲ 9.5%€1.3mwithin the sector's middle half▼ 7.2%€1.7mabove the sector's middle half▲ 27.4%€1.9mabove the sector's middle half▲ 14.2%€2.0mabove the sector's middle half▲ 2.6%€1.4mwithin the sector's middle half▼ 27.2%
Debt€0.7m-€0.8m▲ 11.3%€0.6m▼ 28.6%€0.9m▲ 48.8%€1.0m▲ 13.3%€0.9m▼ 3.1%€0.6m▼ 35.2%
Working capital€0.5m-€0.4mwithin the sector's middle half▼ 22.8%€0.3mwithin the sector's middle half▼ 24.2%€0.1mwithin the sector's middle half▼ 63.7%-€0.09mbelow the sector's middle half€0.9mabove the sector's middle half€0.7mwithin the sector's middle half▼ 19.7%
Solvency44.1%-43.2%within the sector's middle half▼ 0.9pp56.3%within the sector's middle half▲ 13.1pp49.0%within the sector's middle half▼ 7.3pp49.3%within the sector's middle half▲ 0.4pp52.1%within the sector's middle half▲ 2.8pp57.4%within the sector's middle half▲ 5.3pp
Current ratio1.86-1.54within the sector's middle half▼ 0.321.57within the sector's middle half▲ 0.031.14below the sector's middle half▼ 0.420.90below the sector's middle half▼ 0.241.96within the sector's middle half▲ 1.062.18within the sector's middle half▲ 0.23
Return on assets (ROA)14.7%-3.0%within the sector's middle half▼ 11.8pp9.8%within the sector's middle half▲ 6.8pp4.8%within the sector's middle half▼ 5.0pp6.5%within the sector's middle half▲ 1.7pp4.1%within the sector's middle half▼ 2.4pp-14.2%below the sector's middle half▼ 18.2pp
Staff (FTE)13.1-11.3above the sector's middle half▼ 13.7%11above the sector's middle half▼ 2.7%9.1within the sector's middle half▼ 17.3%9.8above the sector's middle half▲ 7.7%10above the sector's middle half▲ 2.0%9.7within the sector's middle half▼ 3.0%
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets €100,631 ▼ 20.7%
Current assets €1.3m ▼ 27.6%
Equity and liabilities €1.4m
Equity €829,750 ▼ 19.8%
Debt €615,475 ▼ 35.2%
Debt's share of the balance-sheet total falls from 47.9% to 42.6%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€128,592▼
2024 · €186,313
Cash flow
-€159,769▼
2024 · €114,835
Quick ratio
0.95▼
2024 · 1.93
Debt to equity
0.74▼
2024 · 0.92
ROE
-24.7%▼
2024 · 7.8%
Interest coverage
-8.64▼
2024 · 15.58
Debt ≤ 1 year
€615,475▼
2024 · €949,630
Income taxes
€1,045▼
2024 · €53,391
Staff costs
€1.0m▲
2024 · €808,056
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,835 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84.5% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.7% went bankrupt
13.5% stopped otherwise
84.5% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 5,835 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.0m€1.4m▼
Fixed assets21/28€0.1m€0.1m▼
Tangible fixed assets22/27€0.1m€0.1m▼
Plant, machinery and equipment23-€0.001m
Furniture and vehicles24€0.1m€0.1m▼
Financial fixed assets28€25€25=
Current assets29/58€1.9m€1.3m▼
Stocks and contracts in progress3€0.02m€0.8m▲
Stocks30/36€0.02m€0.09m▲
Contracts in progress37-€0.7m
Amounts receivable within one year40/41€0.8m€0.4m▼
Trade receivables40€0.7m€0.2m▼
Other amounts receivable41€0.1m€0.1m▲
Current investments50/53€1.1m€0.2m▼
Cash at bank and in hand54/58-€0.004m
Deferred charges and accrued income490/1€0.004m€0.004m=
Equity and liabilities
Total equity and liabilities10/49€2.0m€1.4m▼
Equity10/15€1.0m€0.8m▼
Contributions10/11€1.7m€1.7m=
Capital10€1.7m€1.7m=
Issued capital100€1.7m€1.7m=
Reserves13€0.1m€0.1m=
Non-distributable reserves130/1€0.02m€0.02m=
Legal reserve130€0.02m€0.02m=
Other1319€0.001m€0.001m=
Distributable reserves133€0.1m€0.1m=
Profit (loss) carried forward14-€0.7m-€0.9m▼
Amounts payable17/49€0.9m€0.6m▼
Amounts payable within one year42/48€0.9m€0.6m▼
Financial debts43€0.1m€0.04m▼
Credit institutions430/8€0.1m€0.04m▼
Trade debts44€0.5m€0.3m▼
Suppliers440/4€0.5m€0.3m▼
Advances received on contracts in progress46€0.2m€0.2m=
Taxes, remuneration and social security45€0.1m€0.09m▼
Taxes450/3€0.02m€0.003m▼
Remuneration and social security454/9€0.09m€0.09m▲
Other amounts payable47/48-€0.001m
Income statement Code20242025
Remuneration, social security and pensions62€0.8m€1.0m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.05m▲
Other operating charges640/8€0.05m€0.04m▼
Gross operating margin9900€1.0m€1.0m▼
Operating profit (loss)9901€0.2m-€0.2m▼
Financial income75/76B€0.005m€0.009m▲
Recurring financial income75€0.004m€0.006m▲
Non-recurring financial income76B€497€0.003m▲
Financial charges65/66B€0.02m€0.04m▲
Recurring financial charges65€0.01m€0.01m▲
Non-recurring financial charges66B€0.01m€0.02m▲
Profit (loss) for the period before taxes9903€0.1m-€0.2m▼
Income taxes67/77€0.05m€0.001m▼
Profit (loss) for the period9904€0.08m-€0.2m▼
Profit (loss) for the period to be appropriated9905€0.08m-€0.2m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€0.7m-€0.9m▼
Profit (loss) brought forward from the previous period14P-€0.8m-€0.7m▲
Social balance sheet
Average headcount (FTE)908710.09.7▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Remuneration, social security and pensions62--€0.6m€0.7m€0.8m€0.8m€1.0m▲ 28.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.06m€0.06m€0.03m€0.04m€0.05m€0.03m€0.05m▲ 31.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€0.02m-----
Other operating charges640/8--€0.06m€0.05m€0.04m€0.05m€0.04m▼ 16.1%
Non-recurring operating charges66A--€0.03m-----
Gross operating margin9900€1.0m€0.7m€1.0m€0.9m€1.1m€1.0m€1.0m▼ 8.9%
Operating profit (loss)9901€0.3m€0.08m€0.2m€0.2m€0.2m€0.2m-€0.2m-
Financial income75/76B--€0.01m€0.003m€0.01m€0.005m€0.009m▲ 87.2%
Recurring financial income75€0.004m€0.002m€0.001m€0.001m€0.004m€0.004m€0.006m▲ 37.8%
Non-recurring financial income76B--€0.01m€0.003m€0.007m€497€0.003m▲ 493%
Financial charges65/66B--€0.008m€0.04m€0.01m€0.02m€0.04m▲ 70.8%
Recurring financial charges65€0.04m€0.01m€0.008m€0.007m€0.01m€0.01m€0.01m▲ 24.5%
Non-recurring financial charges66B---€0.03m-€0.01m€0.02m▲ 122%
Profit (loss) for the period before taxes9903€0.3m€0.08m€0.2m€0.1m€0.2m€0.1m-€0.2m-
Income taxes67/77€0.1m€0.04m€0.09m€0.05m€0.07m€0.05m€0.001m▼ 98.0%
Profit (loss) for the period9904€0.2m€0.04m€0.1m€0.08m€0.1m€0.08m-€0.2m-
Profit (loss) for the period to be appropriated9905€0.2m€0.04m€0.1m€0.08m€0.1m€0.08m-€0.2m-
Line2019202020212022202320242025Change
Assets
Total assets20/58€1.3m€1.4m€1.3m€1.7m€1.9m€2.0m€1.4m▼ 27.2%
Fixed assets21/28€0.1m€0.2m€0.5m€0.8m€1.1m€0.1m€0.1m▼ 20.7%
Tangible fixed assets22/27€0.1m€0.2m€0.05m€0.2m€0.2m€0.1m€0.1m▼ 20.7%
Plant, machinery and equipment23------€0.001m-
Furniture and vehicles24--€0.05m€0.2m€0.2m€0.1m€0.1m▼ 21.2%
Financial fixed assets28€0.02m€0.02m€0.4m€0.6m€1.0m€25€25=
Current assets29/58€1.2m€1.2m€0.9m€0.9m€0.8m€1.9m€1.3m▼ 27.6%
Stocks and contracts in progress3€0.06m€0.04m€0.04m€0.04m€0.04m€0.02m€0.8m▲ 3,587%
Stocks30/36--€0.04m€0.04m€0.04m€0.02m€0.09m▲ 336%
Contracts in progress37------€0.7m-
Amounts receivable within one year40/41€0.8m€0.5m€0.4m€0.8m€0.5m€0.8m€0.4m▼ 51.5%
Trade receivables40--€0.2m€0.6m€0.4m€0.7m€0.2m▼ 63.7%
Other amounts receivable41--€0.2m€0.1m€0.1m€0.1m€0.1m▲ 29.8%
Current investments50/53-----€1.1m€0.2m▼ 81.4%
Cash at bank and in hand54/58€0.3m€0.5m€0.4m€0.1m€0.2m-€0.004m-
Deferred charges and accrued income490/1-----€0.004m€0.004m=
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.4m€1.3m€1.7m€1.9m€2.0m€1.4m▼ 27.2%
Equity10/15€0.6m€0.6m€0.7m€0.8m€1.0m€1.0m€0.8m▼ 19.8%
Contributions10/11€1.7m€1.7m€1.7m€1.7m€1.7m€1.7m€1.7m=
Capital10--€1.7m€1.7m€1.7m€1.7m€1.7m=
Issued capital100--€1.7m€1.7m€1.7m€1.7m€1.7m=
Reserves13€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m=
Non-distributable reserves130/1--€0.02m€0.02m€0.02m€0.02m€0.02m=
Legal reserve130--€0.02m€0.02m€0.02m€0.02m€0.02m=
Other1319--€0.001m€0.001m€0.001m€0.001m€0.001m=
Distributable reserves133--€0.1m€0.1m€0.1m€0.1m€0.1m=
Profit (loss) carried forward14-€1.2m-€1.2m-€1.0m-€0.9m-€0.8m-€0.7m-€0.9m▼ 27.6%
Amounts payable17/49€0.7m€0.8m€0.6m€0.9m€1.0m€0.9m€0.6m▼ 35.2%
Amounts payable after more than one year17€0.1m€0.04m------
Amounts payable within one year42/48€0.6m€0.8m€0.6m€0.8m€0.9m€0.9m€0.6m▼ 35.2%
Financial debts43--€0.08m€0.1m€0.05m€0.1m€0.04m▼ 60.0%
Credit institutions430/8--€0.08m€0.1m€0.05m€0.1m€0.04m▼ 60.0%
Trade debts44€0.4m€0.6m€0.2m€0.4m€0.5m€0.5m€0.3m▼ 48.4%
Suppliers440/4--€0.2m€0.4m€0.5m€0.5m€0.3m▼ 48.4%
Advances received on contracts in progress46--€0.2m€0.2m€0.2m€0.2m€0.2m=
Taxes, remuneration and social security45--€0.1m€0.1m€0.2m€0.1m€0.09m▼ 17.7%
Taxes450/3--€0.04m€0.05m€0.07m€0.02m€0.003m▼ 86.6%
Remuneration and social security454/9--€0.07m€0.08m€0.09m€0.09m€0.09m▲ 1.8%
Other amounts payable47/48------€0.001m-
Accrued charges and deferred income492/3--€0.02m€0.06m€0.1m---
Line2019202020212022202320242025Change
Profit (loss) for the period9904€192,587€42,254€129,631€80,821€125,198€80,390-€204,922-
+ Depreciation and write-downs630€57,334€58,354€31,751€44,594€51,132€34,445€45,154▲ 31.1%
Operating cash flow (approximation)€249,921€100,608€161,382€125,416€176,330€114,835-€159,769-
Investment in fixed assets (approximation)--€159,146-€248,741-€365,574-€421,687€983,172-€18,882-
Change in cash-€205,164-€86,387-€306,688€130,383---

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 45 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 26-08-2026 2026-00429593
30-09-2024 abbreviated format 23-04-2025 2025-00076323
30-09-2023 abbreviated format 24-04-2024 2024-00068230
30-09-2022 abbreviated format 02-05-2023 2023-00078538
30-09-2021 abbreviated format 25-04-2022 2022-20009095
30-09-2020 abbreviated format 01-04-2021 2021-09600266
30-09-2019 abbreviated format 24-04-2020 2020-09900091
30-09-2018 abbreviated format 26-04-2019 2019-11000494
30-09-2017 abbreviated format 25-04-2018 2018-10700475
30-09-2016 full format 31-03-2017 2017-08500487

Show all 45 filings

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