Skip to content

Andope

Active
Private limited companyfounded 20242 years activeLavendelweg 2A, 8430 Middelkerke, BelgiumKBO/BCE: BE 1011.237.173
Summary

Andope has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58,737 and a net result of €48,737. Its solvency ranks better than 69% of 22,078 sector peers (NACE 47, fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · fiscal year 2025, micro schema

Equity
€58,737
Total assets
€103,406
Net result
€48,737
Working capital
€56,096

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €103,406
Fixed assets €2,642
Current assets €100,764
Equity and liabilities €103,406
Equity €58,737
Debt €44,669
Debt finances 43.2% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€66,396
Cash flow
€49,400
Current ratio
2.26
Debt to equity
0.76
ROE
83.0%
ROA
47.1%
Interest coverage
16.85
Debt ≤ 1 year
€44,669
Income taxes
€13,062

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,471 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% 1.0%
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% 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 39,278 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 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€103,406
Fixed assets21/28€2,642
Tangible fixed assets22/27€2,642
Furniture and vehicles24€2,642
Current assets29/58€100,764
Amounts receivable within one year40/41€11,904
Trade receivables40€9,649
Other amounts receivable41€2,255
Cash at bank and in hand54/58€86,746
Deferred charges and accrued income490/1€2,114
Equity and liabilities
Total equity and liabilities10/49€103,406
Equity10/15€58,737
Contributions10/11€10,000
Reserves13€48,737
Distributable reserves133€48,737
Amounts payable17/49€44,669
Amounts payable within one year42/48€44,669
Trade debts44€4,120
Suppliers440/4€4,120
Taxes, remuneration and social security45€13,401
Taxes450/3€13,401
Other amounts payable47/48€27,147
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€663
Other operating charges640/8€684
Gross operating margin9900€67,079
Operating profit (loss)9901€65,733
Financial income75/76B€8
Recurring financial income75€8
Financial charges65/66B€3,941
Recurring financial charges65€3,941
Profit (loss) for the period before taxes9903€61,799
Income taxes67/77€13,062
Profit (loss) for the period9904€48,737
Profit (loss) for the period to be appropriated9905€48,737
Appropriation of the result
Profit (loss) to be appropriated9906€48,737
Transfer to equity691/2€48,737
To other reserves6921€48,737

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

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€663
Other operating charges640/8€684
Gross operating margin9900€67,079
Operating profit (loss)9901€65,733
Financial income75/76B€8
Recurring financial income75€8
Financial charges65/66B€3,941
Recurring financial charges65€3,941
Profit (loss) for the period before taxes9903€61,799
Income taxes67/77€13,062
Profit (loss) for the period9904€48,737
Profit (loss) for the period to be appropriated9905€48,737
Line2025
Assets
Total assets20/58€103,406
Fixed assets21/28€2,642
Tangible fixed assets22/27€2,642
Furniture and vehicles24€2,642
Current assets29/58€100,764
Amounts receivable within one year40/41€11,904
Trade receivables40€9,649
Other amounts receivable41€2,255
Cash at bank and in hand54/58€86,746
Deferred charges and accrued income490/1€2,114
Equity and liabilities
Total equity and liabilities10/49€103,406
Equity10/15€58,737
Contributions10/11€10,000
Reserves13€48,737
Distributable reserves133€48,737
Amounts payable17/49€44,669
Amounts payable within one year42/48€44,669
Trade debts44€4,120
Suppliers440/4€4,120
Taxes, remuneration and social security45€13,401
Taxes450/3€13,401
Other amounts payable47/48€27,147
Line2025
Profit (loss) for the period9904€48,737
+ Depreciation and write-downs630€663
Operating cash flow (approximation)€49,400

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV