ANETH
ActiveSummary
ANETH has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€643,781) and a net result of -€191,668. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 934 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▼-10
Solvency21▲+4
Growth33▲+2
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.02 in 2024; short-term debt: 26.2% and cash: 0.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-3.7%
Return on assets
-1.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€643,781
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
17 d early
2023
23 d early
2022
27 d early
2021
30 d early
2020
21 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€259,289▲ 8.0%
2024 · €240,125
EBIT margin
-49.4%▼ 25.7pp
2024 · -23.7%
Net result
-€191,668▼ 62.7%
2024 · -€117,771
Working capital
-€4.5m▼ 6.0%
2024 · -€4.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€238,773▼ 7.0%€276,338▲ 15.7%€247,355▼ 10.5%€240,125▼ 2.9%€259,289▲ 8.0%
Operating result€3,704▼ 94.8%-€110,804-€117,935▼ 6.4%-€56,931▲ 51.7%-€128,135▼ 125%
Net result-€73,741below the sector's middle half▼ 46,121%-€185,051below the sector's middle half▼ 151%-€176,667below the sector's middle half▲ 4.5%-€117,771below the sector's middle half▲ 33.3%-€191,668below the sector's middle half▼ 62.7%
EBIT margin1.6%▼ 26.3pp-40.1%▼ 41.6pp-47.7%▼ 7.6pp-23.7%▲ 24.0pp-49.4%▼ 25.7pp
Equity€27,375below the sector's middle half▼ 72.9%-€157,676below the sector's middle half-€334,343below the sector's middle half▼ 112%-€452,114below the sector's middle half▼ 35.2%-€643,781below the sector's middle half▼ 42.4%
Total assets€5.9mabove the sector's middle half▲ 22.9%€6.0mwithin the sector's middle half▲ 2.5%€5.7mwithin the sector's middle half▼ 4.6%€5.6mwithin the sector's middle half▼ 2.8%€17.6mabove the sector's middle half▲ 214%
Debt€5.9m▲ 25.0%€6.2m▲ 5.7%€6.1m▼ 1.6%€6.0m▼ 0.7%€18.2m▲ 202%
Working capital-€3.3m▼ 27.0%-€3.8m▼ 15.9%-€4.0m▼ 6.0%-€4.2m▼ 4.8%-€4.5m▼ 6.0%
Solvency0.5%below the sector's middle half▼ 1.6pp-2.6%below the sector's middle half▼ 3.1pp-5.8%below the sector's middle half▼ 3.2pp-8.1%below the sector's middle half▼ 2.3pp-3.7%below the sector's middle half▲ 4.4pp
Staff (FTE)0.8below the sector's middle half▼ 11.1%0.8below the sector's middle half=0.8below the sector's middle half=0.8below the sector's middle half=0.9below the sector's middle half▲ 12.5%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €128,135 in 2025 against €56,931 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.6m
Fixed assets
€17.4m ▲ 217%
Current assets
€127,924 ▲ 62.4%
Key figures and ratios
EBITDA
€71,098▼
2024 · €137,521
Cash flow
€7,565▼
2024 · €76,681
Current ratio
0.03▲
2024 · 0.02
Debt to equity
-28.27▼
2024 · -13.35
ROA
-1.1%▲
2024 · -2.1%
Interest coverage
1.75▼
2024 · 3.73
Debt ≤ 1 year
€4.6m▲
2024 · €4.3m
Debt > 1 year
€13.6m▲
2024 · €1.7m
Income taxes
€24,935▲
2024 · €23,599
Staff costs
€94,754▲
2024 · €62,826
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €313,406 | €380,228 | €343,600 | €388,992 | €418,092 | ▲ 7.5% |
| Turnover70 | €238,773 | €276,338 | €247,355 | €240,125 | €259,289 | ▲ 8.0% |
| Other operating income74 | €74,633 | €103,890 | €96,245 | €148,867 | €158,803 | ▲ 6.7% |
| Operating charges60/66A | €309,702 | €491,032 | €461,535 | €445,923 | €546,226 | ▲ 22.5% |
| Services and other goods61 | €87,960 | €227,675 | €201,051 | €178,654 | €245,998 | ▲ 37.7% |
| Remuneration, social security and pensions62 | €61,471 | €67,888 | €62,851 | €62,826 | €94,754 | ▲ 50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €156,386 | €191,012 | €192,966 | €194,452 | €199,232 | ▲ 2.5% |
| Other operating charges640/8 | €3,885 | €4,457 | €4,668 | €9,991 | €6,242 | ▼ 37.5% |
| Operating profit (loss)9901 | €3,704 | -€110,804 | -€117,935 | -€56,931 | -€128,135 | ▼ 125% |
| Financial income75/76B | €436 | €629 | €740 | €794 | €3,293 | ▲ 315% |
| Recurring financial income75 | €436 | €629 | €740 | €794 | €3,293 | ▲ 315% |
| Income from financial fixed assets750 | €419 | €0 | - | - | €472 | - |
| Income from current assets751 | €0 | €629 | €740 | €794 | €2,821 | ▲ 255% |
| Other financial income752/9 | €16 | €0 | €0 | €0 | €0 | ▼ 40.0% |
| Financial charges65/66B | €31,306 | €37,052 | €34,284 | €38,034 | €41,891 | ▲ 10.1% |
| Recurring financial charges65 | €31,306 | €37,052 | €34,284 | €38,034 | €41,891 | ▲ 10.1% |
| Debt charges650 | €29,121 | €35,752 | €33,207 | €36,862 | €40,682 | ▲ 10.4% |
| Other financial charges652/9 | €2,184 | €1,300 | €1,076 | €1,172 | €1,209 | ▲ 3.2% |
| Profit (loss) for the period before taxes9903 | -€27,166 | -€147,227 | -€151,479 | -€94,172 | -€166,733 | ▼ 77.1% |
| Income taxes67/77 | €46,575 | €37,824 | €25,188 | €23,599 | €24,935 | ▲ 5.7% |
| Taxes670/3 | €47,051 | €37,824 | €40,219 | €35,655 | €35,000 | ▼ 1.8% |
| Tax adjustments and reversals of tax provisions77 | €476 | €0 | €15,030 | €12,056 | €10,065 | ▼ 16.5% |
| Profit (loss) for the period9904 | -€73,741 | -€185,051 | -€176,667 | -€117,771 | -€191,668 | ▼ 62.7% |
| Profit (loss) for the period to be appropriated9905 | -€73,741 | -€185,051 | -€176,667 | -€117,771 | -€191,668 | ▼ 62.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.9m | €6.0m | €5.7m | €5.6m | €17.6m | ▲ 214% |
| Fixed assets21/28 | €5.6m | €5.8m | €5.6m | €5.5m | €17.4m | ▲ 217% |
| Tangible fixed assets22/27 | €5.6m | €5.8m | €5.6m | €5.5m | €5.4m | ▼ 2.5% |
| Land and buildings22 | €5.6m | €5.8m | €5.6m | €5.5m | €5.4m | ▼ 2.5% |
| Other tangible fixed assets26 | €10,219 | €10,219 | €10,219 | €10,219 | €10,219 | = |
| Financial fixed assets28 | €3,176 | €3,176 | €3,176 | €3,176 | €12.1m | ▲ 379,744% |
| Affiliated companies280/1 | - | - | - | - | €12.1m | - |
| Participating interests280 | - | - | - | - | €12.1m | - |
| Companies linked by participating interests282/3 | €3,176 | €3,176 | €3,176 | €3,176 | €3,176 | = |
| Participating interests282 | €3,176 | €3,176 | €3,176 | €3,176 | €3,176 | = |
| Current assets29/58 | €246,246 | €252,787 | €118,928 | €78,763 | €127,924 | ▲ 62.4% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €52,879 | €69,898 | €107,819 | €57,379 | €75,107 | ▲ 30.9% |
| Trade receivables40 | €51,024 | €68,405 | €91,475 | €26,391 | €44,926 | ▲ 70.2% |
| Other amounts receivable41 | €1,855 | €1,492 | €16,345 | €30,989 | €30,181 | ▼ 2.6% |
| Cash at bank and in hand54/58 | €193,367 | €181,701 | €9,507 | €19,320 | €51,497 | ▲ 167% |
| Deferred charges and accrued income490/1 | €0 | €1,188 | €1,602 | €2,064 | €1,320 | ▼ 36.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.9m | €6.0m | €5.7m | €5.6m | €17.6m | ▲ 214% |
| Equity10/15 | €27,375 | -€157,676 | -€334,343 | -€452,114 | -€643,781 | ▼ 42.4% |
| Contributions10/11 | €6,520 | €6,520 | €6,520 | €6,520 | €6,520 | = |
| Reserves13 | €20,855 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | €18,995 | €0 | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | - | -€166,056 | -€342,723 | -€460,494 | -€652,161 | ▼ 41.6% |
| Amounts payable17/49 | €5.9m | €6.2m | €6.1m | €6.0m | €18.2m | ▲ 202% |
| Amounts payable after more than one year17 | €2.3m | €2.1m | €1.9m | €1.7m | €13.6m | ▲ 684% |
| Financial debts170/4 | €2.3m | €2.1m | €1.9m | €1.7m | €1.5m | ▼ 11.3% |
| Credit institutions173 | €2.3m | €2.1m | €1.9m | €1.7m | €1.5m | ▼ 11.3% |
| Other amounts payable178/9 | - | - | - | - | €12.1m | - |
| Amounts payable within one year42/48 | €3.5m | €4.1m | €4.1m | €4.3m | €4.6m | ▲ 7.0% |
| Current portion of amounts payable after more than one year42 | €196,668 | €196,668 | €196,668 | €196,668 | €196,668 | = |
| Trade debts44 | €60,353 | €94,398 | €93,389 | €45,050 | €66,053 | ▲ 46.6% |
| Suppliers440/4 | €60,353 | €94,398 | €93,389 | €45,050 | €66,053 | ▲ 46.6% |
| Taxes, remuneration and social security45 | €73,406 | €31,797 | €52,063 | €38,573 | €49,819 | ▲ 29.2% |
| Taxes450/3 | €65,831 | €28,587 | €42,284 | €29,116 | €37,504 | ▲ 28.8% |
| Remuneration and social security454/9 | €7,575 | €3,210 | €9,778 | €9,457 | €12,314 | ▲ 30.2% |
| Other amounts payable47/48 | €3.2m | €3.7m | €3.8m | €4.0m | €4.3m | ▲ 6.7% |
| Accrued charges and deferred income492/3 | €658 | €0 | €1,992 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€73,741 | -€185,051 | -€176,667 | -€117,771 | -€191,668 | ▼ 62.7% |
| + Depreciation and write-downs630 | €156,386 | €191,012 | €192,966 | €194,452 | €199,232 | ▲ 2.5% |
| Operating cash flow (approximation) | €82,644 | €5,961 | €16,298 | €76,681 | €7,565 | ▼ 90.1% |
| Investment in fixed assets (approximation) | - | -€330,467 | -€48,959 | -€71,680 | -€12.1m | ▼ 16,815% |
| Change in cash | - | -€11,666 | -€172,194 | €9,812 | €32,178 | ▲ 228% |
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
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€191,668
Net result drops to -€191,668, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €28,158 ▲34.2%
Operating result €115,253, net result €28,158, both a record.
31-12
Financial
Equity above €100,000Eq €101,276 ▲38.5%
2 profitable years in a row build equity to €101,276.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kortrijk · 1 establishment unit since 2006
Ground area
1,264 m²
Building footprint
327 m²
Volume, LiDAR
5,049 m³
Parcel 34022E0003/00T000, Flanders · tallest building 19.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
ANETH
since 20062.157.597.130
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0003/00T000 | Flanders | 1,264 m² | 1 · 327 m² | 19.9 m · 6 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.
Structure & network
Owners and holdings
1 holding · 2 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
Teans 100%1 subsidiary
According to the 2025 annual accounts of ANETH and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,415. 6,267 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
Founded04-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0883962582
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.