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ANELCO

Active
Private limited companyfounded 20197 yrs activeRietstraat 4D, 2260 Westerlo, BelgiumKBO/BCE: BE 0727.459.715
Summary

The computed 12-month bankruptcy probability of ANELCO is 2.0% (moderate). The 2025 annual accounts show equity of €18,600 and a net result of €313,875. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

What they do
Activity not known1 site
How big
€378,110total assets 2025
Equity
€18,600
Profit
€313,875
Turnover not published (abridged schema)
Financially healthy?
59 Fair Checked score 2025
Bankruptcy chance 12 m
2.0%
Who decides
Accounts 121 d early0 of 1 deed read
Why 59- No NACE activity registered- Limited track record+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency30=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.99 in 2024; short-term debt: 89.8% and cash: 56.7% of total assets), and 95.1% 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
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
4.9%
Return on assets
83%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-04-2026, 121 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
121 d early
2024
114 d early
2023
58 d early
2022
48 d early
2021
25 d early
2020
39 d early
2019
18 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 60 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 4 June (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Highest result since 2019net €313,875 ▲4.8%
  3. Annual accounts filedfiscal year 2024 · micro…

Financials

Fiscal year 2025Total assets €378,110Profit €313,875Solvency 4.9%Liquidity 1.01
Total assets
€378,110▲ 0.5%
2019 - 2025
Net result
€313,875▲ 4.8%
2019 - 2025
Equity
€18,600=
2019 - 2025
Solvency
4.9%=
2019 - 2025

Financials · fiscal year 2025, micro schema

Trend over the years7 fiscal years
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€166,965▲ 15.8%€176,962▲ 6.0%€279,938▲ 58.2%€391,640▲ 39.9%€411,219▲ 5.0%
Net result€129,431▲ 14.3%€136,395▲ 5.4%€214,600▲ 57.3%€299,378▲ 39.5%€313,875▲ 4.8%
Equity€331,013▲ 64.2%€18,600▼ 94.4%€18,600=€18,600=€18,600=
Total assets€403,500▲ 68.6%€218,821▼ 45.8%€283,049▲ 29.4%€376,292▲ 32.9%€378,110▲ 0.5%
Debt€72,487▲ 91.8%€200,221▲ 176%€264,449▲ 32.1%€357,692▲ 35.3%€359,510▲ 0.5%
Working capital€337,313▲ 65.3%€30,800▼ 90.9%€36,700▲ 19.2%-€3,725€4,620
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet2025
Result per fiscal year
Operating resultNet result
€0€200,000€400,000Operating result 2021: €166,965€166,965Net result 2021: €129,431€129,431Operating result 2022: €176,962€176,962Net result 2022: €136,395€136,395Operating result 2023: €279,938€279,938Net result 2023: €214,600€214,600Operating result 2024: €391,640€391,640Net result 2024: €299,378€299,378Operating result 2025: €411,219€411,219Net result 2025: €313,875€313,87520212022202320242025€0€200,000€400,000Operating result 2023: €279,938€280,000Net result 2023: €214,600Operating result 2024: €391,640€392,000Net result 2024: €299,378Operating result 2025: €411,219€411,000Net result 2025: €313,875€314,000202320242025
The operating result has risen four years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €378,110
Fixed assets €33,980 ▼ 19.7%
Current assets €344,130 ▲ 3.0%
Equity and liabilities €378,110
Equity €18,600 =
Debt €359,510 ▲ 0.5%
Debt's share of the balance-sheet total stays at 95.1%.
Key figures and ratios2025
Key figures and ratios
2025 value · change against 2024
EBITDA
€422,381▲
2024 · €392,647
Cash flow
€325,036▲
2024 · €300,385
Current ratio
1.01▲
2024 · 0.99
Debt to equity
19.33▲
2024 · 19.23
ROA
83.0%▲
2024 · 79.6%
Interest coverage
1720.84▲
2024 · 1601.66
Debt ≤ 1 year
€339,510▲
2024 · €337,692
Debt > 1 year
€20,000=
2024 · €20,000
Income taxes
€98,474▲
2024 · €93,730
Staff costs
€7,221▲
2024 · €6,638
A ratio outside any meaningful range has been withheld (balance sheet total €378,110, equity €18,600).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
1.7% went bankrupt
2.2% stopped otherwise
96% still going

For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,341 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 2,153 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.

Filed annual accountsfiscal year 2025
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€376,292€378,110▲
Fixed assets21/28€42,325€33,980▼
Tangible fixed assets22/27€42,325€33,980▼
Plant, machinery and equipment23-€2,703
Furniture and vehicles24€42,325€31,278▼
Current assets29/58€333,967€344,130▲
Current investments50/53€0-
Cash at bank and in hand54/58€203,533€214,517▲
Deferred charges and accrued income490/1€130,434€129,613▼
Equity and liabilities
Total equity and liabilities10/49€376,292€378,110▲
Equity10/15€18,600€18,600=
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€357,692€359,510▲
Amounts payable after more than one year17€20,000€20,000=
Financial debts170/4€20,000€20,000=
Amounts payable within one year42/48€337,692€339,510▲
Trade debts44€957€1,263▲
Suppliers440/4€957€1,263▲
Taxes, remuneration and social security45€28,297€17,327▼
Taxes450/3€28,297€17,327▼
Other amounts payable47/48€308,439€320,921▲
Income statement Code20242025
Remuneration, social security and pensions62€6,638€7,221▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,007€11,161▲
Other operating charges640/8€576€171▼
Gross operating margin9900€399,862€429,773▲
Operating profit (loss)9901€391,640€411,219▲
Financial income75/76B€1,713€1,375▼
Recurring financial income75€1,713€1,375▼
Financial charges65/66B€245€245▲
Recurring financial charges65€245€245▲
Profit (loss) for the period before taxes9903€393,108€412,349▲
Income taxes67/77€93,730€98,474▲
Profit (loss) for the period9904€299,378€313,875▲
Profit (loss) for the period to be appropriated9905€299,378€313,875▲
Appropriation of the result
Profit (loss) to be appropriated9906€299,378€313,875▲
Profit to be distributed694/7€299,378€313,875▲
Return on contributions (dividend)694€299,378€313,875▲

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€4,635€5,297€6,365€6,638€7,221▲ 8.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,757€5,900€5,900€1,007€11,161▲ 1,008%
Other operating charges640/8€438€522€555€576€171▼ 70.2%
Gross operating margin9900€177,795€188,681€292,758€399,862€429,773▲ 7.5%
Operating profit (loss)9901€166,965€176,962€279,938€391,640€411,219▲ 5.0%
Financial income75/76B--€933€1,713€1,375▼ 19.7%
Recurring financial income75--€933€1,713€1,375▼ 19.7%
Financial charges65/66B€245€245€245€245€245▲ 0.1%
Recurring financial charges65€245€245€245€245€245▲ 0.1%
Profit (loss) for the period before taxes9903€166,720€176,717€280,626€393,108€412,349▲ 4.9%
Income taxes67/77€37,290€40,321€66,026€93,730€98,474▲ 5.1%
Profit (loss) for the period9904€129,431€136,395€214,600€299,378€313,875▲ 4.8%
Profit (loss) for the period to be appropriated9905€129,431€136,395€214,600€299,378€313,875▲ 4.8%
Line20212022202320242025Change
Assets
Total assets20/58€403,500€218,821€283,049€376,292€378,110▲ 0.5%
Fixed assets21/28€13,700€7,800€1,900€42,325€33,980▼ 19.7%
Tangible fixed assets22/27€13,700€7,800€1,900€42,325€33,980▼ 19.7%
Plant, machinery and equipment23----€2,703-
Furniture and vehicles24€13,700€7,800€1,900€42,325€31,278▼ 26.1%
Current assets29/58€389,800€211,021€281,149€333,967€344,130▲ 3.0%
Amounts receivable within one year40/41€0-----
Trade receivables40€0-----
Current investments50/53--€120,000€0--
Cash at bank and in hand54/58€309,605€128,932€60,806€203,533€214,517▲ 5.4%
Deferred charges and accrued income490/1€80,196€82,089€100,342€130,434€129,613▼ 0.6%
Equity and liabilities
Total equity and liabilities10/49€403,500€218,821€283,049€376,292€378,110▲ 0.5%
Equity10/15€331,013€18,600€18,600€18,600€18,600=
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€312,413€0----
Distributable reserves133€312,413€0----
Profit (loss) carried forward14-€0€0€0€0-
Amounts payable17/49€72,487€200,221€264,449€357,692€359,510▲ 0.5%
Amounts payable after more than one year17€20,000€20,000€20,000€20,000€20,000=
Financial debts170/4€20,000€20,000€20,000€20,000€20,000=
Amounts payable within one year42/48€52,487€180,221€244,449€337,692€339,510▲ 0.5%
Trade debts44€1,631€1,271€1,241€957€1,263▲ 32.0%
Suppliers440/4€1,631€1,271€1,241€957€1,263▲ 32.0%
Taxes, remuneration and social security45€40,601€28,176€9,762€28,297€17,327▼ 38.8%
Taxes450/3€40,601€28,176€9,762€28,297€17,327▼ 38.8%
Other amounts payable47/48€10,255€150,774€233,445€308,439€320,921▲ 4.0%
Line20212022202320242025Change
Profit (loss) for the period9904€129,431€136,395€214,600€299,378€313,875▲ 4.8%
+ Depreciation and write-downs630€5,757€5,900€5,900€1,007€11,161▲ 1,008%
Operating cash flow (approximation)€135,188€142,295€220,500€300,385€325,036▲ 8.2%
Investment in fixed assets (approximation)-€0€0-€41,432-€2,817▲ 93.2%
Change in cash--€180,673-€68,126€142,727€10,983▼ 92.3%

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

Timeline

9 eventsLatest 01-04-2026Next filing 31-07-2027

History

ANELCO was incorporated on 24 May 2019 as a Private limited company.1 Total assets rose from €109,910 in 2019 to €378,110 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2019net €313,875 ▲4.8%
Operating result €411,219, net result €313,875, both a record.
08-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Equity above €200,000Eq €201,583 ▲128%
2 profitable years in a row build equity to €201,583.
13-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Company details

Private limited company · founded 24-05-2019Year ends 31-12Peppol not found1 site

Register details

Identification
Legal formPrivate limited company
Founded24-05-2019
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

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

Register as of 1 October 2026 · Peppol Directory

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

Sites & property

Location & real-estate footprint
Registered office, Westerlo · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
1,702 m²
Building footprint
483 m²
Volume, LiDAR
1,368 m³
Parcel 13049B0878/00A000, Flanders · tallest building 17.8 m. Linked by address, not a title deed.
1 establishment unit
ANELCO
Rietstraat 4D, 2260 WesterloSpecialist medical practice
since 2019unit no. 2.290.090.915
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13049B0878/00A000 Flanders 1,702 m² 1 · 483 m² 17.8 m
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.

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