ANDO
ActiveSummary
ANDO has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€767,438) and a net result of €184,666. Equity remains stable across the filed financial years (±0.1% per year). Its solvency ranks better than 5% of 10,760 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- -€767,438
- Profit
- €184,666
Why 55raises riskCapped at 59: negative equityNegative equity -€767,438lowers riskSize: total assets €1.1mSector: Activities of head offices; management consultancy activities (NACE 70)Figures for financial year 2025 (filed 13-08-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 70, micro): better than 3% on solvency, 46% on liquidity, 59% on profitability and 66% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 103 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Liquidity more than triplescurrent ratio 4.45
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (13 days) Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00396145.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 35% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy 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).
Peer companies
Historical observationOf the 317 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 91.8% are still going.
- Small
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 317 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.01m | - | - | - | €0.02m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.04m | €0.04m | €0.03m | €0.03m | €0.04m | €0.03m | €0.04m | ▲ 29.5% |
| Other operating charges640/8 | - | - | €0.006m | €0.007m | €0.007m | €0.005m | €0.007m | €0.02m | ▲ 141% |
| Non-recurring operating charges66A | - | - | - | €154 | - | €125 | - | - | - |
| Gross operating margin9900 | €0.08m | €0.08m | €0.07m | €0.09m | €0.07m | €0.09m | €0.3m | €0.2m | ▼ 24.7% |
| Operating profit (loss)9901 | €0.03m | €0.04m | €0.03m | €0.05m | €0.03m | €0.04m | €0.3m | €0.2m | ▼ 34.9% |
| Financial income75/76B | - | - | €0.005m | €0.03m | €1.6m | €0.02m | €0.003m | €0.003m | ▲ 1.8% |
| Recurring financial income75 | €0.003m | €0.003m | €0.005m | €0.005m | €0.002m | €0.002m | €0.003m | €0.003m | ▲ 1.8% |
| Non-recurring financial income76B | - | - | - | €0.03m | €1.6m | €0.01m | - | - | - |
| Financial charges65/66B | - | - | €1.7m | €0.1m | €1.7m | €0.01m | €0.01m | €0.01m | ▼ 1.6% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 1.6% |
| Non-recurring financial charges66B | - | - | €1.6m | €0.1m | €1.6m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.02m | -€1.6m | -€0.05m | €0.02m | €0.04m | €0.3m | €0.2m | ▼ 36.0% |
| Transfer from deferred taxes780 | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Income taxes67/77 | €0.01m | €0.01m | €0.009m | €267 | - | €0.001m | - | - | - |
| Profit (loss) for the period9904 | €0.02m | €0.02m | -€1.6m | -€0.04m | €0.03m | €0.05m | €0.3m | €0.2m | ▼ 35.3% |
| Transfer from tax-exempt reserves789 | - | - | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.02m | -€1.6m | -€0.03m | €0.03m | €0.06m | €0.3m | €0.2m | ▼ 34.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.1m | €1.1m | €1.0m | €0.9m | €1.0m | €1.0m | €1.1m | ▲ 13.3% |
| Fixed assets21/28 | €0.8m | €0.8m | €0.8m | €0.7m | €0.7m | €0.8m | €0.8m | €0.9m | ▲ 4.7% |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €0.8m | €0.7m | €0.7m | €0.8m | €0.8m | €0.9m | ▲ 4.7% |
| Land and buildings22 | - | - | €0.8m | €0.7m | €0.7m | €0.8m | €0.8m | €0.9m | ▲ 4.7% |
| Furniture and vehicles24 | - | - | €0.02m | €0.001m | €485 | €35 | - | - | - |
| Financial fixed assets28 | €0.03m | €0.03m | - | - | - | - | - | - | - |
| Current assets29/58 | €0.3m | €0.2m | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 61.1% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.1m | €0.09m | €0.1m | €0.1m | €0.1m | €0.009m | ▼ 91.2% |
| Trade receivables40 | - | - | €238 | €238 | - | - | - | €0.009m | - |
| Other amounts receivable41 | - | - | €0.1m | €0.09m | €0.1m | €0.1m | €0.1m | €115 | ▼ 99.9% |
| Current investments50/53 | - | - | - | - | - | - | - | €0.2m | - |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.1m | €0.1m | €0.09m | €0.03m | €0.04m | €0.05m | ▲ 28.7% |
| Deferred charges and accrued income490/1 | - | - | €0.007m | €0.001m | €0.001m | €0.001m | €0.003m | €0.004m | ▲ 14.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €1.1m | €1.0m | €0.9m | €1.0m | €1.0m | €1.1m | ▲ 13.3% |
| Equity10/15 | €0.4m | €0.4m | -€1.3m | -€1.3m | -€1.3m | -€1.2m | -€0.9m | -€0.8m | ▲ 19.2% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Contributions outside capital11 | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Share premium1100/10 | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Reserves13 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 6.2% |
| Tax-exempt reserves132 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 6.2% |
| Profit (loss) carried forward14 | -€0.003m | - | -€1.5m | -€1.6m | -€1.5m | -€1.5m | -€1.2m | -€1.0m | ▲ 16.4% |
| Investment grants15 | - | - | €0.03m | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 12.5% |
| Provisions and deferred taxes16 | €0.1m | €0.1m | €1.7m | €1.7m | €0.1m | €0.09m | €0.08m | €0.08m | ▼ 6.7% |
| Provisions for liabilities and charges160/5 | - | - | €1.6m | €1.6m | - | - | - | - | - |
| Other liabilities and charges164/5 | - | - | €1.6m | €1.6m | - | - | - | - | - |
| Deferred taxes168 | - | - | €0.1m | €0.1m | €0.1m | €0.09m | €0.08m | €0.08m | ▼ 6.7% |
| Amounts payable17/49 | €0.7m | €0.6m | €0.6m | €0.5m | €2.1m | €2.1m | €1.8m | €1.8m | ▼ 2.7% |
| Amounts payable after more than one year17 | €0.5m | €0.4m | €0.4m | €0.3m | €1.9m | €2.0m | €1.7m | €1.7m | ▲ 0.5% |
| Financial debts170/4 | - | - | €0.3m | €0.3m | €0.2m | €0.3m | €0.2m | €0.2m | ▲ 14.4% |
| Other amounts payable178/9 | - | - | €0.1m | €0.05m | €1.7m | €1.7m | €1.5m | €1.5m | ▼ 1.3% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.05m | ▼ 50.9% |
| Current portion of amounts payable after more than one year42 | - | - | €0.02m | €0.02m | €0.03m | €0.02m | €0.02m | €0.02m | ▲ 5.0% |
| Trade debts44 | €0.05m | €0.05m | €0.04m | €0.05m | €0.03m | €0.001m | €0.005m | €0.03m | ▲ 477% |
| Suppliers440/4 | - | - | €0.04m | €0.05m | €0.03m | €0.001m | €0.005m | €0.03m | ▲ 477% |
| Taxes, remuneration and social security45 | - | - | €0.02m | €0.01m | €0.01m | - | - | €0.001m | - |
| Taxes450/3 | - | - | €0.02m | €0.01m | €0.01m | - | - | €0.001m | - |
| Other amounts payable47/48 | - | - | €0.09m | €0.09m | €0.1m | €0.08m | €0.08m | €0.001m | ▼ 99.0% |
| Accrued charges and deferred income492/3 | - | - | €0.02m | €0.02m | €0.007m | €0.007m | €0.009m | €0.005m | ▼ 38.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.02m | €0.02m | -€1.6m | -€0.04m | €0.03m | €0.05m | €0.3m | €0.2m | ▼ 35.3% |
| + Depreciation and write-downs630 | €0.04m | €0.04m | €0.04m | €0.03m | €0.03m | €0.04m | €0.03m | €0.04m | ▲ 29.5% |
| Operating cash flow (approximation) | €0.05m | €0.06m | -€1.6m | -€0.008m | €0.06m | €0.09m | €0.3m | €0.2m | ▼ 28.4% |
| Investment in fixed assets (approximation) | - | -€0.03m | €0.03m | €0.01m | €0 | -€0.2m | €0 | -€0.08m | - |
| Change in cash | - | -€0.09m | €0.03m | -€0.01m | -€0.04m | -€0.07m | €0.01m | €0.01m | ▲ 8.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 38 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-08-2026 | 2026-00396145 |
| 31-12-2024 | micro format | 19-08-2025 | 2025-00385375 |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00329819 |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00319001 |
| 31-12-2021 | micro format | 23-12-2022 | 2022-20545143 |
| 31-12-2020 | micro format | 29-11-2022 | 2022-20531428 |
| 31-12-2019 | micro format | 25-09-2020 | 2020-56300400 |
| 31-12-2018 | micro format | 30-09-2019 | 2019-68000337 |
| 31-12-2017 | micro format | 28-09-2018 | 2018-66100407 |
| 31-12-2016 | micro format | 31-07-2017 | 2017-40400345 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Charline Roelandt |
|
| Marc Roelandt |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
09-04
Gazette deed
Resignation: Marc Roelandt (huidige statutaire bestuurder)Appointment: Charline Roelandt (director) · Director discharge · Power of attorney6 facts ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Other provision, 20-03-2025
- Director resignation, Marc Roelandt (huidige statutaire bestuurder)
- Director discharge, Marc Roelandt
- Director appointment, Charline Roelandt (director (not named in the articles))
- Power of attorney
30-08
Gazette deed
MiscellaneousPower of attorney2 facts ▸
- Board meeting, 06-08-2024
- Power of attorney, Charline Roelandt
02-12
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 15-11-2022
- Registered-office move, 8730 Beernem, Reigerlostraat 67
Show earlier events
About the unread acts
Of the 12 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
General meetings
1 meeting noticeAgenda
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31003D0565/00Z000 | Flanders | 2.0 ha | 1 · 225 m² | 8.3 m · 2 |
How the parcels are linked
Articles of association
- Board ruleHow the board is made up, meets and takes decisions.
- “De vennootschap wordt bestuurd door een enige bestuurder., 1” (deed in Dutch)deed of 09-04-2025
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 02-12-2022
Read from the deeds: 2 provisions, deed of 09-04-2025