Losses
-€31,070 in 14 years
Every financial year from 2012 to 2025 closed with a loss. 2013 was the heaviest.
Andabepa
Lifetime
14 annual accounts with figures on one time axisGross marginpeak -€786 (2014)
-€1,111▲ €295
Resultlowest -€3,589 (2013)
-€1,873▲ €280
Equitypeak €30,583 (2014)
€6,430▼ 22.6%
Debts
€23,047▲ 9.7%
Board1 name since 2021
1 directorBROCATUS Benny
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from -€1,406 to -€1,111Loss of €1,873Equity from €8,303 to €6,430Cash from €303 to €477
Key points
from the 2025 annual accountsDebts
€23,047 78% of the balance sheet
After one year 95%Within one year 5%
Of this, €1,047 falls due within a year.
Liquidity
0.46 was 0.02 in 2024
Short-term debts fell from €12,900 to €1,047.
2025 accounts filed 31 days after the deadlineTurnover not published (micro format)
Checked score
64
Healthy
Financially stronger than 27% of micro companies without a NACE code
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.2%▼ -0.1 percentage points vs 12-2024
02-2025: 1.6%▲ +0.4 percentage points vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.7%▲ +0.1 percentage points vs 03-2025
05-2025: 1.7%● unchanged vs 04-2025
06-2025: 1.7%● unchanged vs 05-2025
07-2025: 1.8%▲ +0.1 percentage points vs 06-2025
08-2025: 2.3%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 1.3%▼ -1.0 percentage point vs 08-2025
10-2025: 1.3%● unchanged vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.4%▲ +0.1 percentage points vs 03-2026
05-2026: 1.4%● unchanged vs 04-2026
06-2026: 1.4%● unchanged vs 05-2026
07-2026: 1.4%● unchanged vs 06-2026
08-2026: 2.2%▲ +0.8 percentage points vs 07-2026
09-2026: 1.2%▼ -1.0 percentage point vs 08-2026lowest value
10-2026: 1.2%● unchanged vs 09-2026lowest value
11-2026: 1.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
No main activity registered
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €29,477
Founded in 2012
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 29% of them on solvency, 45% on liquidity, 18% on profitability and 16% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,166 companies had the same profile as Andabepa has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
3.0%
stopped another way
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Andabepa itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,166 companies, not a prediction for Andabepa. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
21 days late
2023
on the day
2022
31 days late
2021
12 days early
2020
31 days late
2019
60 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 23 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BROCATUS Benny 26 sharesdeed of 28-12-2023
- BROCATUS Davy 24 sharesdeed of 28-12-2023
- NEFEDOV Pavel 26 sharesdeed of 28-12-2023
Recent changes
Resignation: BROCATUS Benny (manager)
Reappointment: BROCATUS Benny (director) · BROCATUS Benny holds 26 shares · BROCATUS Davy holds 24 shares · Gazette deed
Incorporation
published on 22-03-2012 · Gazette deed
First establishment
Lange Lozanastraat 16, Antwerp
Official details
Source: KBO- Status
- Active since 01-03-2012Normal situation
- Activity
- “Alle verrichtingen van aankopen,verkopen en verhuur van onroerende en roerende goederen,projectontwikkeling en promoties van…” (deed in Dutch)From the articles, 4 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.209.428.7822018 Antwerp, since 01-03-2012
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on Andabepa
Andabepa files the micro format. That format states no turnover. The gross margin rose from -€1,891 in 2013 to -€1,111 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Andabepa
- What is the company number of Andabepa?
- The company number of Andabepa is 0844.321.751. The VAT number is the same number with BE in front: BE 0844.321.751.
- Where is Andabepa based?
- The registered office is at Lange Lozanastraat 16, 2018 Antwerp.Company details
- What is the legal form of Andabepa?
- Andabepa is a private limited company (BV).
- When was Andabepa founded?
- Andabepa was founded on 01-03-2012.
- Is Andabepa still active?
- Yes, Andabepa is an active enterprise in the KBO register.
- What is the turnover of Andabepa?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Andabepa profitable?
- In financial year 2025, Andabepa made a loss of €1,873.
- Where can I find the annual accounts of Andabepa?
- Andabepa filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Andabepa due?
- Andabepa must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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