ANDOXA
The computed 12-month bankruptcy probability of ANDOXA is < 0.1% (very low). The 2023 annual accounts show equity of €252k and a net result of €-177k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 49 sector peers (fiscal year 2023). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €252k |
| Net result | €-177k |
| Staff (FTE) | 52.4 |
| Better than sector | 46% |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 18.0% | 22.6% | |
| Net result | €-177k | €5k | |
| Equity | €252k | €354k | |
| Gross operating margin | €2.48M | €1.64M | |
| Staff costs | €2.59M | €1.68M |
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €-115k |
| Net profit | €-177k |
| Cash flow | €-117k |
| Staff costs | €2.59M |
| Income taxes | €241 |
| Dividends | - |
| Total assets | €1.40M |
| Equity | €252k |
| Debt | €1.15M |
| of which ≤ 1y | €1.04M |
| of which > 1y | €60k |
| Working capital | €182k |
| Employees (FTE) | 52.4 |
| 2023 | |
|---|---|
| Current ratio | 1.18 |
| Quick ratio | 1.18 |
| Working capital ratio | 13.0% |
| Solvency | 18.0% |
| Debt / equity | 4.57 |
| Long-term debt ratio | 0.24 |
| Interest coverage | -56.60 |
| Gross margin | - |
| Net margin | - |
| ROA | -12.6% |
| ROE | -70.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.40M |
| Fixed assets | 21/28 | €183k |
| Tangible fixed assets | 22/27 | €175k |
| Financial fixed assets | 28 | €8k |
| Current assets | 29/58 | €1.22M |
| Amounts receivable within one year | 40/41 | €675k |
| Cash & bank | 54/58 | €344k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.40M |
| Equity | 10/15 | €252k |
| Reserves | 13 | €96k |
| Accumulated profits (losses) | 14 | €156k |
| Amounts payable | 17/49 | €1.15M |
| Amounts payable after one year | 17 | €60k |
| Amounts payable within one year | 42/48 | €1.04M |
| Trade debts payable within one year | 44 | €56k |
| Income statement | ||
| Gross operating margin | 9900 | €2.48M |
| Operating result | 9901 | €-175k |
| Financial income | 75 | €197 |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-177k |
| Income taxes | 67/77 | €241 |
| Net result for the period | 9904 | €-177k |
| Result to be appropriated | 9905 | €-177k |
| NACE primary | 87202 |
| Legal form | Non-profit association(017) |
| Incorporation | 09-08-2013 |
| Status | Active |
| Postal code | 6150 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62097B0376/00X000 | Wallonia | 3,241 m² | 1 · 668 m² | - |
| 56302E0011/00T000 | Wallonia | 1,911 m² | 1 · 153 m² | 12.2 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
23-07-2025 2 directors appointed, 1 resigning
- Alain KAPUSZINSKI, Bestuurder
- Alain KAPUSZINSKI, Gedelegeerd bestuurder
- Dominique VAN DE SYPE, Bestuurder
Technical details
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"Annexe: copie pvage du 08.07.2025"
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"corrected_publication_numac": null
}12-05-2025 Michel LECOQ appointed as statutory auditor
- Michel LECOQ, Commissaris
Technical details
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}11-12-2024 1 director appointed, 3 resigning
- KAPUSZINSKI Kinga, Délégés
- KAPUSZINSKI Kinga, Gedelegeerd bestuurder
- Maxime KAPUSZINSKI, Gedelegeerd bestuurder
- Van De Sype Dominique, Gedelegeerd bestuurder
Technical details
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}14-10-2022 Marc NYSSEN resigns as director
- Marc NYSSEN, Bestuurder
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | ANDOXA |