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ANBU

Active
Public limited companyfounded 2007active for 19 yearsRaspaillebosstraat(Gri) 63, 9506 Geraardsbergen, BelgiumKBO/BCE: BE 0888.517.921
Summary

ANBU has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€59,631) and a net result of €46,085. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 7% of 11,191 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (29 days) Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00450682.

Equity
-€59,631▲ 43.6%
2024 · -€105,716
Total assets
€187,692▲ 3.4%
2024 · €181,470
Net result
€46,085▼ 71.5%
2024 · €161,637
Working capital
-€60,621▲ 41.9%
2024 · -€104,356
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 6 financial years

The operating result falls in 2025; 2025 is 71% below 2024.

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

Operating result€46,758 2025 Net result€46,085 2025

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

Sector: the middle half of NACE 68, Real estate 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).

Every figure with its change against the financial year before
favourable unfavourable
Line201820212022202320242025
Operating result-€3,267-€13,491-€28,511▲ 111%€3,949▼ 86.2%€161,886▲ 41×€46,758▼ 71.1%
Net result-€3,919-€13,321within the sector's middle half-€28,243within the sector's middle half▲ 112%€3,949within the sector's middle half▼ 86.0%€161,637above the sector's middle half▲ 41×€46,085within the sector's middle half▼ 71.5%
Equity-€313,051--€299,544below the sector's middle half--€271,301below the sector's middle half▲ 9.4%-€267,352below the sector's middle half▲ 1.5%-€105,716below the sector's middle half▲ 60.5%-€59,631below the sector's middle half▲ 43.6%
Total assets€38,521-€54,944below the sector's middle half-€44,832below the sector's middle half▼ 18.4%€49,409below the sector's middle half▲ 10.2%€181,470within the sector's middle half▲ 267%€187,692below the sector's middle half▲ 3.4%
Debt€351,572-€354,488-€316,133▼ 10.8%€316,761▲ 0.2%€287,186▼ 9.3%€247,322▼ 13.9%
Working capital-€313,051--€298,984below the sector's middle half--€269,941below the sector's middle half▲ 9.7%-€265,992below the sector's middle half▲ 1.5%-€104,356below the sector's middle half▲ 60.8%-€60,621within the sector's middle half▲ 41.9%
Solvency-812.7%--545.2%below the sector's middle half--605.2%below the sector's middle half▼ 60.0pp-541.1%below the sector's middle half▲ 64.0pp-58.3%below the sector's middle half▲ 482.8pp-31.8%below the sector's middle half▲ 26.5pp
Current ratio0.11-0.15below the sector's middle half-0.14below the sector's middle half▼ 0.010.15below the sector's middle half▲ 0.010.63within the sector's middle half▲ 0.480.75within the sector's middle half▲ 0.12
Return on assets (ROA)-10.2%-24.2%above the sector's middle half-63.0%above the sector's middle half▲ 38.8pp8.0%above the sector's middle half▼ 55.0pp89.1%above the sector's middle half▲ 81.1pp24.6%above the sector's middle half▼ 64.5pp
above within below the middle half of NACE 68, Real estate 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.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Why a figure moved sharply
  • 2025 Net result -71% on 2024. The accounts now follow the abbreviated format, last year the micro format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187,692
Fixed assets €990 =
Current assets €186,702 ▲ 3.4%
Equity and liabilities
Equity-€59,631
Debt€247,322
Equity is negative: debt (€247,322) exceeds the balance-sheet total (€187,692).
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€247,322▼
2024 · €284,836
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 91.8% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
2.9% went bankrupt
4.8% stopped otherwise
91.8% 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 1.1% 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 497,475 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% 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%

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 3,632 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 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€181,470€187,692▲
Fixed assets21/28€990€990=
Financial fixed assets28€990€990=
Current assets29/58€180,480€186,702▲
Stocks and contracts in progress3€118,030€0▼
Contracts in progress37€118,030€0▼
Amounts receivable within one year40/41€47,628€185,896▲
Trade receivables40€9,541€23,910▲
Other amounts receivable41€38,087€161,985▲
Cash at bank and in hand54/58€14,282€806▼
Deferred charges and accrued income490/1€540€0▼
Equity and liabilities
Total equity and liabilities10/49€181,470€187,692▲
Equity10/15-€105,716-€59,631▲
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Profit (loss) carried forward14-€167,716-€121,631▲
Amounts payable17/49€287,186€247,322▼
Amounts payable within one year42/48€284,836€247,322▼
Current portion of amounts payable after more than one year42€63,730-
Trade debts44-€195,648
Suppliers440/4-€195,648
Advances received on contracts in progress46€5,673€0▼
Taxes, remuneration and social security45€19,340€34,953▲
Taxes450/3€19,340€34,953▲
Other amounts payable47/48€196,092€16,721▼
Accrued charges and deferred income492/3€2,350€0▼
Income statement Code20242025
Other operating charges640/8-€1,559
Gross operating margin9900€161,886€48,318▼
Operating profit (loss)9901€161,886€46,758▼
Financial charges65/66B€250€673▲
Recurring financial charges65€250€673▲
Profit (loss) for the period before taxes9903€161,637€46,085▼
Profit (loss) for the period9904€161,637€46,085▼
Profit (loss) for the period to be appropriated9905€161,637€46,085▼
Appropriation of the result
Profit (loss) to be appropriated9906-€167,716-€121,631▲
Profit (loss) brought forward from the previous period14P-€329,352-€167,716▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201820212022202320242025Change
Other operating charges640/8-€575€651€328-€1,559-
Gross operating margin9900-€2,736€14,066€29,162€4,277€161,886€48,318▼ 70.2%
Operating profit (loss)9901-€3,267€13,491€28,511€3,949€161,886€46,758▼ 71.1%
Financial income75/76B-€12€55----
Recurring financial income75-€12€55----
Financial charges65/66B-€182€322-€250€673▲ 169%
Recurring financial charges65€652€182€322-€250€673▲ 169%
Profit (loss) for the period before taxes9903-€3,919€13,321€28,243€3,949€161,637€46,085▼ 71.5%
Profit (loss) for the period9904-€3,919€13,321€28,243€3,949€161,637€46,085▼ 71.5%
Profit (loss) for the period to be appropriated9905-€3,919€13,321€28,243€3,949€161,637€46,085▼ 71.5%
Line201820212022202320242025Change
Assets
Total assets20/58€38,521€54,944€44,832€49,409€181,470€187,692▲ 3.4%
Fixed assets21/28-€990€990€990€990€990=
Financial fixed assets28-€990€990€990€990€990=
Current assets29/58€38,521€53,954€43,842€48,419€180,480€186,702▲ 3.4%
Stocks and contracts in progress3----€118,030€0▼ 100%
Contracts in progress37----€118,030€0▼ 100%
Amounts receivable within one year40/41€38,086€52,866€38,000€47,300€47,628€185,896▲ 290%
Trade receivables40-€14,866-€9,300€9,541€23,910▲ 151%
Other amounts receivable41-€38,000€38,000€38,000€38,087€161,985▲ 325%
Cash at bank and in hand54/58€435€1,088€1,123€579€14,282€806▼ 94.4%
Deferred charges and accrued income490/1--€4,719€540€540€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€38,521€54,944€44,832€49,409€181,470€187,692▲ 3.4%
Equity10/15-€313,051-€299,544-€271,301-€267,352-€105,716-€59,631▲ 43.6%
Contributions10/11€62,000€62,000€62,000€62,000€62,000€62,000=
Capital10-€62,000€62,000€62,000€62,000€62,000=
Issued capital100-€62,000€62,000€62,000€62,000€62,000=
Profit (loss) carried forward14-€375,051-€361,544-€333,301-€329,352-€167,716-€121,631▲ 27.5%
Amounts payable17/49€351,572€354,488€316,133€316,761€287,186€247,322▼ 13.9%
Amounts payable within one year42/48€351,572€352,938€313,783€314,411€284,836€247,322▼ 13.2%
Current portion of amounts payable after more than one year42----€63,730--
Trade debts44€898€579€983€1,612-€195,648-
Suppliers440/4-€579€983€1,612-€195,648-
Advances received on contracts in progress46----€5,673€0▼ 100%
Taxes, remuneration and social security45-€28,660--€19,340€34,953▲ 80.7%
Taxes450/3-€28,660--€19,340€34,953▲ 80.7%
Other amounts payable47/48-€323,699€312,799€312,799€196,092€16,721▼ 91.5%
Accrued charges and deferred income492/3-€1,550€2,350€2,350€2,350€0▼ 100%
Line201820212022202320242025Change
Profit (loss) for the period9904-€3,919€13,321€28,243€3,949€161,637€46,085▼ 71.5%
Operating cash flow (approximation)-€3,919€13,321€28,243€3,949€161,637€46,085▼ 71.5%
Investment in fixed assets (approximation)--€0€0€0€0-
Change in cash--€35-€544€13,703-€13,476-

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 16 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 29-08-2026 2026-00450682
31-12-2024 micro format 31-08-2025 2025-00455559
31-12-2023 micro format 31-08-2024 2024-00423813
31-12-2022 micro format 31-08-2023 2023-00386702
31-12-2021 micro format 26-08-2022 2022-20322635
31-12-2018 micro format 31-08-2019 2019-63600399
31-12-2017 micro format 30-08-2018 2018-61800391
31-12-2016 micro format 24-08-2017 2017-49300515
31-12-2015 abbreviated format 08-12-2016 2016-69700583
31-12-2014 abbreviated format 26-08-2015 2015-49300494

Show all 16 filings

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 9,532 active companies whose main activity is development of residential building projects (NACE 68121), figures are known for 7,448. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.