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ANDATEL

Active
Private limited companyfounded 198937 yrs activeKerkstraat 244, 1851 Grimbergen, BelgiumKBO/BCE: BE 0437.873.836
Summary

ANDATEL has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68,654 and a net result of €71,365. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 29% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability87▼-13
Solvency39▲+39
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.01; short-term debt: 85.8% and cash: 3.4% of total assets), and 85.8% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 37 years 0 40 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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 2025
Solvency, return and age of the figures
Solvency
14.2%
Return on assets
14.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
18 d late
2024
25 d late
2023
36 d early
2022
31 d late
2021
59 d late
2020
55 d late
2019
42 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 25 August (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ANDATEL was incorporated on 28 June 1989.1 Total assets rose from EUR 1,013 in 2021 to EUR 484,416 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€68,654
2024 · -€2,711
Total assets
€484,416▲ 17,356%
2024 · €2,775
Net result
€71,365▲ 474%
2024 · €12,440
Working capital
€4,750
2024 · -€2,711
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€52▼ 69.0%€250▲ 384%€325▲ 30.1%€13,766▲ 4,141%€104,239▲ 657%
Net result-€100within the sector's middle half€64within the sector's middle half€146within the sector's middle half▲ 129%€12,440within the sector's middle half▲ 8,414%€71,365above the sector's middle half▲ 474%
Equity-€15,361below the sector's middle half▼ 0.7%-€15,297below the sector's middle half▲ 0.4%-€15,151below the sector's middle half▲ 1.0%-€2,711below the sector's middle half▲ 82.1%€68,654within the sector's middle half
Total assets€1,013below the sector's middle half▲ 162%€350below the sector's middle half▼ 65.4%€496below the sector's middle half▲ 41.7%€2,775below the sector's middle half▲ 459%€484,416above the sector's middle half▲ 17,356%
Debt€16,373▲ 4.6%€15,647▼ 4.4%€15,647=€5,486▼ 64.9%€415,761▲ 7,479%
Working capital-€15,361below the sector's middle half▼ 0.7%-€15,297below the sector's middle half▲ 0.4%-€15,151below the sector's middle half▲ 1.0%-€2,711within the sector's middle half▲ 82.1%€4,750within the sector's middle half
Solvency14.2%within the sector's middle half
Current ratio1.01within the sector's middle half
Return on assets (ROA)14.7%above the sector's middle half
Staff (FTE)8.2
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2021: €52€52Net result 2021: -€100-€100Operating result 2022: €250€250Net result 2022: €64€64Operating result 2023: €325€325Net result 2023: €146€146Operating result 2024: €13,766€13,766Net result 2024: €12,440€12,440Operating result 2025: €104,239€104,239Net result 2025: €71,365€71,36520212022202320242025€0€50,000€100,000Operating result 2023: €325€325Net result 2023: €146€146Operating result 2024: €13,766€13,800Net result 2024: €12,440€12,400Operating result 2025: €104,239€104,000Net result 2025: €71,365€71,400202320242025
The operating result has risen four years in a row; 2025 is 657% above 2024 and is the highest result in the available series.
Balance-sheet composition
Assets €484,416
Fixed assets €63,904
Current assets €420,511
Equity and liabilities €484,416
Equity €68,654
Debt €415,761
Debt finances 85.8% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€121,587
Cash flow
€88,713
Debt to equity
6.06
ROE
103.9%
Interest coverage
13.04
Debt ≤ 1 year
€415,761▲
2024 · €5,486
Income taxes
€23,548▲
2024 · €1,137
Staff costs
€471,675▲
2024 · €2,923
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,815 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
0.8% went bankrupt
3.8% stopped otherwise
95% 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 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,815 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 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€2,775€484,416▲
Fixed assets21/28-€63,904
Tangible fixed assets22/27-€63,904
Plant, machinery and equipment23-€61,550
Furniture and vehicles24-€2,355
Current assets29/58€2,775€420,511▲
Amounts receivable within one year40/41-€403,939
Trade receivables40-€403,743
Other amounts receivable41-€196
Cash at bank and in hand54/58€2,775€16,467▲
Deferred charges and accrued income490/1-€105
Equity and liabilities
Total equity and liabilities10/49€2,775€484,416▲
Equity10/15-€2,711€68,654▲
Contributions10/11€18,592€18,592=
Reserves13€1,859€50,062▲
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Distributable reserves133-€48,203
Profit (loss) carried forward14-€23,162€0▲
Amounts payable17/49€5,486€415,761▲
Amounts payable within one year42/48€5,486€415,761▲
Trade debts44€41€134,341▲
Suppliers440/4€41€134,341▲
Taxes, remuneration and social security45€1,545€206,021▲
Taxes450/3€1,201€128,258▲
Remuneration and social security454/9€344€77,762▲
Other amounts payable47/48€3,900€75,400▲
Income statement Code20242025
Remuneration, social security and pensions62€2,923€471,675▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€17,348
Other operating charges640/8€635€1,208▲
Gross operating margin9900€17,323€594,470▲
Operating profit (loss)9901€13,766€104,239▲
Financial charges65/66B€188€9,327▲
Recurring financial charges65€188€9,327▲
Profit (loss) for the period before taxes9903€13,577€94,913▲
Income taxes67/77€1,137€23,548▲
Profit (loss) for the period9904€12,440€71,365▲
Profit (loss) for the period to be appropriated9905€12,440€71,365▲
Appropriation of the result
Profit (loss) to be appropriated9906-€23,162€48,203▲
Profit (loss) brought forward from the previous period14P-€35,602-€23,162▲
Transfer to equity691/2-€48,203
To other reserves6921-€48,203

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62---€2,923€471,675▲ 16,039%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630----€17,348-
Other operating charges640/8€348€348€384€635€1,208▲ 90.3%
Gross operating margin9900€399€597€709€17,323€594,470▲ 3,332%
Operating profit (loss)9901€52€250€325€13,766€104,239▲ 657%
Financial charges65/66B€151€186€178€188€9,327▲ 4,848%
Recurring financial charges65€151€186€178€188€9,327▲ 4,848%
Profit (loss) for the period before taxes9903-€100€64€146€13,577€94,913▲ 599%
Income taxes67/77---€1,137€23,548▲ 1,970%
Profit (loss) for the period9904-€100€64€146€12,440€71,365▲ 474%
Profit (loss) for the period to be appropriated9905-€100€64€146€12,440€71,365▲ 474%
Line20212022202320242025Change
Assets
Total assets20/58€1,013€350€496€2,775€484,416▲ 17,356%
Fixed assets21/28----€63,904-
Tangible fixed assets22/27----€63,904-
Plant, machinery and equipment23----€61,550-
Furniture and vehicles24----€2,355-
Current assets29/58€1,013€350€496€2,775€420,511▲ 15,053%
Amounts receivable within one year40/41€800---€403,939-
Trade receivables40€800---€403,743-
Other amounts receivable41----€196-
Cash at bank and in hand54/58€213€350€496€2,775€16,467▲ 493%
Deferred charges and accrued income490/1----€105-
Equity and liabilities
Total equity and liabilities10/49€1,013€350€496€2,775€484,416▲ 17,356%
Equity10/15-€15,361-€15,297-€15,151-€2,711€68,654▲ 2,633%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Reserves13€1,859€1,859€1,859€1,859€50,062▲ 2,593%
Non-distributable reserves130/1€1,859€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859€1,859€1,859€1,859=
Distributable reserves133----€48,203-
Profit (loss) carried forward14-€35,812-€35,748-€35,602-€23,162€0▲ 100%
Amounts payable17/49€16,373€15,647€15,647€5,486€415,761▲ 7,479%
Amounts payable within one year42/48€16,373€15,647€15,647€5,486€415,761▲ 7,479%
Trade debts44€726--€41€134,341▲ 326,683%
Suppliers440/4€726--€41€134,341▲ 326,683%
Taxes, remuneration and social security45---€1,545€206,021▲ 13,238%
Taxes450/3---€1,201€128,258▲ 10,583%
Remuneration and social security454/9---€344€77,762▲ 22,501%
Other amounts payable47/48€15,647€15,647€15,647€3,900€75,400▲ 1,833%
Line20212022202320242025Change
Profit (loss) for the period9904-€100€64€146€12,440€71,365▲ 474%
+ Depreciation and write-downs630----€17,348-
Operating cash flow (approximation)-€100€64€146€12,440€88,713▲ 613%
Change in cash-€138€146€2,279€13,692▲ 501%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
18-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial Highest result since 2018net €71,365 ▲474%
Operating result €104,239, net result €71,365, both a record.
25-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
25-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial Back to profitnet €64
Net result €64 after one loss-making year.
28-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
31-12
Financial Weakest financial yearnet -€100
Net result drops to -€100, the lowest in the series; recovery starts the following year.
24-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
11-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
26-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
17-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are 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, Grimbergen · 2 establishment units since 2000
seat establishment All 2 establishment units on the map
Ground area
2.6 ha
Building footprint
2,679 m²
Volume, LiDAR
18,374 m³
2 parcels, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
2 establishment units
ANDATEL
Kerkstraat 244, 1851 GrimbergenNACE 5143002
since 20002.054.288.566
BULLDETECT
Egide Walschaertsstraat 22, 2800 MechelenOther specialised construction activities
since 20252.369.997.634
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12403E0903/00V000 Flanders 2.5 ha 1 · 2,419 m² 8.0 m · 2 fl.
23036B0204/00S000 Flanders 1,233 m² 1 · 260 m² 13.3 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 2,129 companies in sector 46711 we hold annual accounts for 1,130. 759 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
Founded28-06-1989
Fiscal year end31-12
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
71209Other technical testing and analysis
E-invoicing
Reachable via Peppol
Peppol ID 0208:0437873836
Also 9925:BE0437873836
Registered 05-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.