ANGAMA
ActiveSummary
ANGAMA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53,884 and a net result of €21,913. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+8
Solvency100=
Growth85=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 4.64 against 4.35 in 2024; short-term debt: 20.4% of total assets), and 20.4% 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.6%
Return on assets
32.4%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
19 d late
2023
366 d late
2022
712 d late
2021
134 d late
2020
117 d late
2019
128 d late
← 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 212 days after 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 2025, micro schema
Turnover
€345,192▲ 102%
2024 · €170,990
EBIT margin
7.2%▲ 0.3pp
2024 · 6.9%
Net result
€21,913▲ 99.4%
2024 · €10,988
Working capital
€50,254▼ 0.4%
2024 · €50,441
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€131,605▲ 62.4%€178,546▲ 35.7%€134,589▼ 24.6%€170,990▲ 27.0%€345,192▲ 102%
Operating result€7,535▼ 28.8%€15,710▲ 109%€1,165▼ 92.6%€11,777▲ 911%€24,778▲ 110%
Net result€8,142within the sector's middle half▼ 20.3%€15,368within the sector's middle half▲ 88.7%€2,609within the sector's middle half▼ 83.0%€10,988within the sector's middle half▲ 321%€21,913within the sector's middle half▲ 99.4%
EBIT margin5.7%▼ 7.3pp8.8%▲ 3.1pp0.9%▼ 7.9pp6.9%▲ 6.0pp7.2%▲ 0.3pp
Equity€21,607within the sector's middle half▲ 60.5%€36,974within the sector's middle half▲ 71.1%€39,583within the sector's middle half▲ 7.1%€50,571within the sector's middle half▲ 27.8%€53,884within the sector's middle half▲ 6.6%
Total assets€46,342below the sector's middle half▲ 198%€39,833below the sector's middle half▼ 14.0%€46,906below the sector's middle half▲ 17.8%€65,618within the sector's middle half▲ 39.9%€67,704within the sector's middle half▲ 3.2%
Debt€24,735▲ 1,080%€2,859▼ 88.4%€7,323▲ 156%€15,047▲ 105%€13,820▼ 8.2%
Working capital€21,477within the sector's middle half▲ 61.1%€36,844within the sector's middle half▲ 71.6%€39,453within the sector's middle half▲ 7.1%€50,441within the sector's middle half▲ 27.9%€50,254within the sector's middle half▼ 0.4%
Solvency46.6%within the sector's middle half▼ 39.9pp92.8%above the sector's middle half▲ 46.2pp84.4%above the sector's middle half▼ 8.4pp77.1%above the sector's middle half▼ 7.3pp79.6%above the sector's middle half▲ 2.5pp
Current ratio1.87within the sector's middle half▼ 5.4913.89above the sector's middle half▲ 12.026.39above the sector's middle half▼ 7.504.35above the sector's middle half▼ 2.044.64above the sector's middle half▲ 0.28
Return on assets (ROA)17.6%above the sector's middle half▼ 48.1pp38.6%above the sector's middle half▲ 21.0pp5.6%within the sector's middle half▼ 33.0pp16.7%within the sector's middle half▲ 11.2pp32.4%above the sector's middle half▲ 15.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Turnover +102% on 2024. This fiscal year ran 18 months, the previous one 12.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 110% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67,704
Fixed assets
€3,630 ▲ 2,692%
Current assets
€64,074 ▼ 2.2%
Equity and liabilities €67,704
Equity
€53,884 ▲ 6.6%
Debt
€13,820 ▼ 8.2%
Debt's share of the balance-sheet total falls from 22.9% to 20.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,278
Cash flow
€32,414
Debt to equity
0.26▼
2024 · 0.30
ROE
40.7%▲
2024 · 21.7%
Interest coverage
14.67
Debt ≤ 1 year
€13,820▼
2024 · €15,047
Income taxes
€3,205▼
2024 · €3,856
Staff costs
€820
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% 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%.
| 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 34,696 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €131,605 | €178,546 | €134,589 | €170,990 | €345,192 | ▲ 102% |
| Goods, raw materials, services and sundry goods60/61 | €123,716 | €161,171 | €131,885 | €158,519 | €305,907 | ▲ 93.0% |
| Remuneration, social security and pensions62 | - | - | - | - | €820 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €10,501 | - |
| Other operating charges640/8 | €930 | €1,665 | €2,736 | €694 | €3,187 | ▲ 359% |
| Gross operating margin9900 | €8,464 | €17,375 | €3,901 | €12,471 | €39,285 | ▲ 215% |
| Operating profit (loss)9901 | €7,535 | €15,710 | €1,165 | €11,777 | €24,778 | ▲ 110% |
| Financial income75/76B | €958 | €1,880 | €2,124 | €3,674 | €2,746 | ▼ 25.3% |
| Recurring financial income75 | €958 | €1,880 | €2,124 | €3,674 | €2,746 | ▼ 25.3% |
| Financial charges65/66B | €351 | €377 | €680 | €607 | €2,405 | ▲ 296% |
| Recurring financial charges65 | €351 | €377 | €680 | €607 | €2,405 | ▲ 296% |
| Profit (loss) for the period before taxes9903 | €8,142 | €17,213 | €2,609 | €14,844 | €25,119 | ▲ 69.2% |
| Income taxes67/77 | - | €1,845 | - | €3,856 | €3,205 | ▼ 16.9% |
| Profit (loss) for the period9904 | €8,142 | €15,368 | €2,609 | €10,988 | €21,913 | ▲ 99.4% |
| Profit (loss) for the period to be appropriated9905 | €8,142 | €15,368 | €2,609 | €10,988 | €21,913 | ▲ 99.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,342 | €39,833 | €46,906 | €65,618 | €67,704 | ▲ 3.2% |
| Fixed assets21/28 | €130 | €130 | €130 | €130 | €3,630 | ▲ 2,692% |
| Tangible fixed assets22/27 | - | - | - | - | €3,500 | - |
| Furniture and vehicles24 | - | - | - | - | €3,500 | - |
| Financial fixed assets28 | €130 | €130 | €130 | €130 | €130 | = |
| Current assets29/58 | €46,212 | €39,703 | €46,776 | €65,488 | €64,074 | ▼ 2.2% |
| Amounts receivable within one year40/41 | €39,424 | €36,002 | €46,776 | €64,841 | €64,074 | ▼ 1.2% |
| Trade receivables40 | €16,782 | €1,280 | €8,120 | €3,232 | €5,900 | ▲ 82.5% |
| Other amounts receivable41 | €22,642 | €34,722 | €38,656 | €61,609 | €58,174 | ▼ 5.6% |
| Cash at bank and in hand54/58 | €6,789 | €3,701 | €0 | €647 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,342 | €39,833 | €46,906 | €65,618 | €67,704 | ▲ 3.2% |
| Equity10/15 | €21,607 | €36,974 | €39,583 | €50,571 | €53,884 | ▲ 6.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | - | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €3,007 | €18,374 | €20,983 | €31,971 | €52,024 | ▲ 62.7% |
| Amounts payable17/49 | €24,735 | €2,859 | €7,323 | €15,047 | €13,820 | ▼ 8.2% |
| Amounts payable within one year42/48 | €24,735 | €2,859 | €7,323 | €15,047 | €13,820 | ▼ 8.2% |
| Trade debts44 | €1,740 | €763 | €4,844 | €3,131 | €5,560 | ▲ 77.6% |
| Suppliers440/4 | €1,740 | €763 | €4,844 | €3,131 | €5,560 | ▲ 77.6% |
| Advances received on contracts in progress46 | €20,900 | - | - | €11,916 | €7,240 | ▼ 39.2% |
| Taxes, remuneration and social security45 | €2,096 | €2,096 | - | - | - | - |
| Taxes450/3 | €2,096 | €2,096 | - | - | - | - |
| Other amounts payable47/48 | - | - | €2,479 | - | €1,019 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,142 | €15,368 | €2,609 | €10,988 | €21,913 | ▲ 99.4% |
| + Depreciation and write-downs630 | - | - | - | - | €10,501 | - |
| Operating cash flow (approximation) | €8,142 | €15,368 | €2,609 | €10,988 | €32,414 | ▲ 195% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€14,001 | - |
| Change in cash | - | -€3,087 | -€3,701 | €647 | - | - |
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
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-12
Financial
Highest result since 2019net €21,913 ▲99.4%
Operating result €24,778, net result €21,913, both a record.
19-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 366 days late
12-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 712 days late
2022
30-06
Financial
Liquidity times 7current ratio 13.89
Current ratio from 1.87 to 13.89; short-term debt falls from €24,735 to €2,859.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 134 days late
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 117 days late
2020
30-06
Financial
Liquidity times 5current ratio 7.36
Current ratio from 1.57 to 7.36; short-term debt falls from €5,479 to €2,096.
07-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 128 days late
2019
15-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 15 days late
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 246 days late
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 611 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
No directors read yet: 0 of 9 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Dilbeek · 1 establishment unit since 2017
Ground area
212 m²
Building footprint
71 m²
Volume, LiDAR
490 m³
Parcel 23352F0102/00Y005, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ANGAMA
since 20172.290.929.865
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23352F0102/00Y005 | Flanders | 212 m² | 1 · 71 m² | 10.3 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.
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Of 15,518 companies in this sector we hold annual accounts for 7,427. 6,142 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded26-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43990Other specialised construction activities
43350Other building finishing work
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
angorasprl@hotmail.comDilbeek
Phone
0471114048Dilbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0838114048
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.