ANDO
ActiveSummary
ANDO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €111,356 and a net result of €23,210. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 95% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability93▲+1
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 15.47 against 12.21 in 2023; short-term debt: 6.4% and cash: 69.6% of total assets), and 6.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €111,356
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
55 d early
2022
45 d early
2021
61 d early
2020
54 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 48 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€111,356▲ 26.3%
2023 · €88,147
Total assets
€118,920▲ 24.2%
2023 · €95,733
Net result
€23,210▲ 30.6%
2023 · €17,770
Working capital
€109,417▲ 28.7%
2023 · €85,045
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€19,531▼ 155%€7,161-€10,423€18,062€28,862▲ 59.8%
Net result-€19,620▼ 147%€5,003-€10,211€17,770€23,210▲ 30.6%
Equity€75,585▼ 20.6%€80,588▲ 6.6%€70,376▼ 12.7%€88,147▲ 25.3%€111,356▲ 26.3%
Total assets€118,944▼ 7.3%€102,918▼ 13.5%€86,054▼ 16.4%€95,733▲ 11.2%€118,920▲ 24.2%
Debt€43,360▲ 31.2%€22,330▼ 48.5%€15,677▼ 29.8%€7,586▼ 51.6%€7,564▼ 0.3%
Working capital€64,143▼ 24.3%€73,908▲ 15.2%€68,256▼ 7.6%€85,045▲ 24.6%€109,417▲ 28.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 60% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €118,920
Fixed assets
€1,939 ▼ 37.5%
Current assets
€116,981 ▲ 26.3%
Equity and liabilities €118,920
Equity
€111,356 ▲ 26.3%
Debt
€7,564 ▼ 0.3%
Debt's share of the balance-sheet total falls from 7.9% to 6.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,025▲
2023 · €19,556
Cash flow
€24,373▲
2023 · €19,265
Current ratio
15.47▲
2023 · 12.21
Quick ratio
12.70▲
2023 · 9.82
Debt to equity
0.07▼
2023 · 0.09
ROE
20.8%▲
2023 · 20.2%
ROA
19.5%▲
2023 · 18.6%
Interest coverage
521.54▲
2023 · 262.46
Debt ≤ 1 year
€7,564▼
2023 · €7,586
Income taxes
€7,207▲
2023 · €973
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 31,324 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,719 | €2,400 | - | - |
| Remuneration, social security and pensions62 | - | €175 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,490 | €12,154 | €11,615 | €1,495 | €1,163 | ▼ 22.2% |
| Other operating charges640/8 | - | €1,524 | €1,527 | €1,981 | €1,915 | ▼ 3.3% |
| Gross operating margin9900 | -€6,060 | €21,014 | €2,719 | €21,537 | €31,940 | ▲ 48.3% |
| Operating profit (loss)9901 | -€19,531 | €7,161 | -€10,423 | €18,062 | €28,862 | ▲ 59.8% |
| Financial income75/76B | - | €528 | €602 | €757 | €1,612 | ▲ 113% |
| Recurring financial income75 | €504 | €528 | €602 | €757 | €1,612 | ▲ 113% |
| Financial charges65/66B | - | €284 | €189 | €75 | €58 | ▼ 22.7% |
| Recurring financial charges65 | €408 | €284 | €189 | €75 | €58 | ▼ 22.7% |
| Profit (loss) for the period before taxes9903 | -€19,436 | €7,404 | -€10,010 | €18,744 | €30,416 | ▲ 62.3% |
| Income taxes67/77 | €184 | €2,401 | €201 | €973 | €7,207 | ▲ 640% |
| Profit (loss) for the period9904 | -€19,620 | €5,003 | -€10,211 | €17,770 | €23,210 | ▲ 30.6% |
| Transfer from tax-exempt reserves789 | - | €9,748 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€19,620 | €14,751 | -€10,211 | €17,770 | €23,210 | ▲ 30.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €118,944 | €102,918 | €86,054 | €95,733 | €118,920 | ▲ 24.2% |
| Fixed assets21/28 | €24,108 | €12,531 | €2,197 | €3,102 | €1,939 | ▼ 37.5% |
| Tangible fixed assets22/27 | €24,108 | €12,531 | €2,197 | €3,102 | €1,939 | ▼ 37.5% |
| Plant, machinery and equipment23 | - | - | €1,215 | €959 | €703 | ▼ 26.7% |
| Furniture and vehicles24 | - | €2,931 | €982 | €2,143 | €1,236 | ▼ 42.3% |
| Leasing and similar rights25 | - | €9,600 | - | - | - | - |
| Current assets29/58 | €94,836 | €90,387 | €83,857 | €92,631 | €116,981 | ▲ 26.3% |
| Stocks and contracts in progress3 | €22,003 | €23,652 | €18,741 | €18,155 | €20,950 | ▲ 15.4% |
| Stocks30/36 | - | €23,652 | €18,741 | €18,155 | €20,950 | ▲ 15.4% |
| Amounts receivable within one year40/41 | €2,184 | €7,747 | €7,675 | €16,026 | €9,316 | ▼ 41.9% |
| Trade receivables40 | - | €5,851 | €5,828 | €14,820 | €8,713 | ▼ 41.2% |
| Other amounts receivable41 | - | €1,896 | €1,848 | €1,206 | €602 | ▼ 50.1% |
| Cash at bank and in hand54/58 | €60,685 | €55,630 | €53,767 | €54,710 | €82,803 | ▲ 51.3% |
| Deferred charges and accrued income490/1 | - | €3,358 | €3,673 | €3,740 | €3,913 | ▲ 4.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €118,944 | €102,918 | €86,054 | €95,733 | €118,920 | ▲ 24.2% |
| Equity10/15 | €75,585 | €80,588 | €70,376 | €88,147 | €111,356 | ▲ 26.3% |
| Contributions10/11 | - | €55,000 | €55,000 | €55,000 | €55,000 | = |
| Reserves13 | €40,204 | €25,588 | €25,588 | €33,147 | €56,356 | ▲ 70.0% |
| Non-distributable reserves130/1 | - | €6,500 | €6,500 | - | - | - |
| Reserves not available under the articles1311 | - | €6,500 | €6,500 | - | - | - |
| Distributable reserves133 | - | €19,088 | €19,088 | €33,147 | €56,356 | ▲ 70.0% |
| Profit (loss) carried forward14 | -€19,620 | - | -€10,211 | - | - | - |
| Amounts payable17/49 | €43,360 | €22,330 | €15,677 | €7,586 | €7,564 | ▼ 0.3% |
| Amounts payable after more than one year17 | €12,617 | €5,831 | - | - | - | - |
| Financial debts170/4 | - | €5,831 | - | - | - | - |
| Amounts payable within one year42/48 | €30,693 | €16,479 | €15,601 | €7,586 | €7,564 | ▼ 0.3% |
| Current portion of amounts payable after more than one year42 | - | €6,785 | €5,831 | - | - | - |
| Trade debts44 | €20,220 | €387 | €262 | €2,885 | €3,351 | ▲ 16.2% |
| Suppliers440/4 | - | €387 | €262 | €2,885 | €3,351 | ▲ 16.2% |
| Taxes, remuneration and social security45 | - | €5,749 | €5,951 | €1,144 | €655 | ▼ 42.7% |
| Taxes450/3 | - | €3,726 | €3,928 | €1,144 | €655 | ▼ 42.7% |
| Remuneration and social security454/9 | - | €2,023 | €2,023 | - | - | - |
| Other amounts payable47/48 | - | €3,557 | €3,557 | €3,557 | €3,557 | = |
| Accrued charges and deferred income492/3 | - | €20 | €76 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,620 | €5,003 | -€10,211 | €17,770 | €23,210 | ▲ 30.6% |
| + Depreciation and write-downs630 | €11,490 | €12,154 | €11,615 | €1,495 | €1,163 | ▼ 22.2% |
| Operating cash flow (approximation) | -€8,130 | €17,158 | €1,404 | €19,265 | €24,373 | ▲ 26.5% |
| Investment in fixed assets (approximation) | - | -€578 | -€1,280 | -€2,400 | €0 | ▲ 100% |
| Change in cash | - | -€5,055 | -€1,863 | €942 | €28,093 | ▲ 2,882% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €23,210 ▲30.6%
Operating result €28,862, net result €23,210, both a record.
31-12
Financial
Equity above €100,000Eq €111,356 ▲26.3%
2 profitable years in a row build equity to €111,356.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €17,770
Net result €17,770 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 12.21
Current ratio from 5.38 to 12.21; short-term debt falls from €15,601 to €7,586.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €5,003
Net result €5,003 after 2 loss-making years.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€19,620
Net result drops to -€19,620, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 19 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Hasselt · 1 establishment unit since 2003
Ground area
820 m²
Building footprint
142 m²
Volume, LiDAR
763 m³
Parcel 71483D0098/00W007, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ANDO
since 20032.133.184.507
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71483D0098/00W007 | Flanders | 820 m² | 1 · 142 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BANO
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The A-Team
BE 0765.745.912
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HOUTZAGERIJ CLAESSENS
BE 0420.550.626
Antwerpen · Eq €111,442
D.C.D CONSTRUCT
BE 0745.603.267
Anderlecht · Eq €111,454
Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,719 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
Founded12-09-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Contact
E-mail
info@andoramen.beHasselt
Phone
0475/690 003Hasselt
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860457603
Also
9925:BE0860457603
Registered
27-09-2024
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.