ANGELES
ActiveSummary
ANGELES has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €382k and a net result of €39k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 93% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 12.95 against 12.18 in 2024; short-term debt: 6.7% and cash: 30.3% of total assets), and 6.7% of the assets are financed with debt.
Credit check for your own amount and term
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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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
93.3%
Return on assets
9.5%
Age of the figures
12 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 · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
26 d late
2021
31 d late
2020
31 d late
2019
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€39k▼ 34.6%
2024 · €59k
2018: €34k
2019: €35k▲ +1.8% vs 2018
2020: €29k▼ -14.8% vs 2019
2021: €27k▼ -7.8% vs 2020
2022: €-10k▼ -136% vs 2021lowest in 8 years
2023: €11k▲ +213% vs 2022
2024: €59k▲ +433% vs 2023highest in 8 years
2025: €39k▼ -34.6% vs 2024
2018 → 2025
Working capital
€328k▼ 11.7%
2024 · €372k
2018: €204klowest in 8 years
2019: €205k▲ +0.7% vs 2018
2020: €266k▲ +29.9% vs 2019
2021: €294k▲ +10.5% vs 2020
2022: €286k▼ -2.8% vs 2021
2023: €308k▲ +7.7% vs 2022
2024: €372k▲ +20.5% vs 2023highest in 8 years
2025: €328k▼ -11.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€317k-€308k▼ 3.1%€319k▲ 3.6%€378k▲ 18.6%€382k▲ 1.1%
2021: €317k
2022: €308k▼ -3.1% vs 2021lowest in 5 years
2023: €319k▲ +3.6% vs 2022
2024: €378k▲ +18.6% vs 2023
2025: €382k▲ +1.1% vs 2024highest in 5 years
Operating result€39k-€-11k€14k€79k▲ 446%€44k▼ 44.3%
2021: €39k
2022: €-11k▼ -128% vs 2021lowest in 5 years
2023: €14k▲ +233% vs 2022
2024: €79k▲ +446% vs 2023highest in 5 years
2025: €44k▼ -44.3% vs 2024
Net result€27k-€-10k€11k€59k▲ 433%€39k▼ 34.6%
2021: €27k
2022: €-10k▼ -136% vs 2021lowest in 5 years
2023: €11k▲ +213% vs 2022
2024: €59k▲ +433% vs 2023highest in 5 years
2025: €39k▼ -34.6% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €410k
Fixed assets
€54k ▲ 310%
Current assets
€356k ▼ 12.1%
Equity and liabilities €410k
Equity
€382k ▲ 1.1%
Debt
€27k ▼ 31.0%
Debt's share of the balance-sheet total falls from 9.5% to 6.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57k▼
2024 · €83k
Cash flow
€52k▼
2024 · €64k
Current ratio
12.95▲
2024 · 12.18
Debt to equity
0.07▼
2024 · 0.11
ROE
10.2%▼
2024 · 15.7%
ROA
9.5%▼
2024 · 14.2%
Interest coverage
262.28▼
2024 · 277.27
Debt ≤ 1 year
€27k▼
2024 · €33k
Income taxes
€16k▼
2024 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€418k€410k▼
Fixed assets21/28€13k€54k▲
Tangible fixed assets22/27€13k€54k▲
Plant, machinery and equipment23€10k€8k▼
Furniture and vehicles24€3k€46k▲
Current assets29/58€405k€356k▼
Amounts receivable within one year40/41€56k€73k▲
Trade receivables40€46k€64k▲
Other amounts receivable41€10k€9k▼
Current investments50/53€301k€156k▼
Cash at bank and in hand54/58€46k€124k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€418k€410k▼
Equity10/15€378k€382k▲
Contributions10/11€19k€19k=
Reserves13€206k€210k▲
Non-distributable reserves130/1€44k€44k=
Reserves not available under the articles1311€2k€2k=
Own shares acquired1312€42k€42k=
Distributable reserves133€162k€166k▲
Profit (loss) carried forward14€154k€154k=
Amounts payable17/49€40k€27k▼
Amounts payable within one year42/48€33k€27k▼
Trade debts44€2k€13k▲
Suppliers440/4€2k€13k▲
Taxes, remuneration and social security45€32k€14k▼
Taxes450/3€32k€14k▼
Accrued charges and deferred income492/3€7k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€14k▲
Other operating charges640/8€899€2k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€86k€59k▼
Operating profit (loss)9901€79k€44k▼
Financial income75/76B€6k€12k▲
Recurring financial income75€6k€6k▼
Non-recurring financial income76B-€6k
Financial charges65/66B€299€218▼
Recurring financial charges65€299€218▼
Profit (loss) for the period before taxes9903€84k€55k▼
Income taxes67/77€25k€16k▼
Profit (loss) for the period9904€59k€39k▼
Profit (loss) for the period to be appropriated9905€59k€39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€213k€193k▼
Profit (loss) brought forward from the previous period14P€154k€154k=
Transfer from equity791/2-€35k
Transfer to equity691/2€59k€39k▼
To other reserves6921€59k€39k▼
Profit to be distributed694/7-€35k
Return on contributions (dividend)694-€35k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €5k | €4k | €14k | ▲ 217% |
| Other operating charges640/8 | €896 | €990 | €943 | €899 | €2k | ▲ 78.7% |
| Non-recurring operating charges66A | €569 | €146 | - | €2k | - | - |
| Gross operating margin9900 | €46k | €-3k | €20k | €86k | €59k | ▼ 31.2% |
| Operating profit (loss)9901 | €39k | €-11k | €14k | €79k | €44k | ▼ 44.3% |
| Financial income75/76B | €1k | €2k | €4k | €6k | €12k | ▲ 94.3% |
| Recurring financial income75 | €1k | €2k | €4k | €6k | €6k | ▼ 8.1% |
| Non-recurring financial income76B | - | - | - | - | €6k | - |
| Financial charges65/66B | €291 | €308 | €280 | €299 | €218 | ▼ 27.0% |
| Recurring financial charges65 | €291 | €308 | €280 | €299 | €218 | ▼ 27.0% |
| Profit (loss) for the period before taxes9903 | €40k | €-9k | €18k | €84k | €55k | ▼ 34.5% |
| Income taxes67/77 | €13k | €729 | €7k | €25k | €16k | ▼ 34.1% |
| Profit (loss) for the period9904 | €27k | €-10k | €11k | €59k | €39k | ▼ 34.6% |
| Profit (loss) for the period to be appropriated9905 | €27k | €-10k | €11k | €59k | €39k | ▼ 34.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €338k | €318k | €349k | €418k | €410k | ▼ 1.9% |
| Fixed assets21/28 | €23k | €22k | €17k | €13k | €54k | ▲ 310% |
| Tangible fixed assets22/27 | €23k | €22k | €17k | €13k | €54k | ▲ 310% |
| Plant, machinery and equipment23 | €15k | €14k | €12k | €10k | €8k | ▼ 21.3% |
| Furniture and vehicles24 | €8k | €7k | €5k | €3k | €46k | ▲ 1,413% |
| Current assets29/58 | €314k | €296k | €332k | €405k | €356k | ▼ 12.1% |
| Amounts receivable within one year40/41 | €36k | €24k | €76k | €56k | €73k | ▲ 30.9% |
| Trade receivables40 | €32k | €23k | €52k | €46k | €64k | ▲ 37.4% |
| Other amounts receivable41 | €4k | €1k | €23k | €10k | €9k | ▼ 0.7% |
| Current investments50/53 | €42k | €144k | €147k | €301k | €156k | ▼ 48.2% |
| Cash at bank and in hand54/58 | €236k | €126k | €107k | €46k | €124k | ▲ 168% |
| Deferred charges and accrued income490/1 | €111 | €2k | €2k | €1k | €2k | ▲ 83.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €338k | €318k | €349k | €418k | €410k | ▼ 1.9% |
| Equity10/15 | €317k | €308k | €319k | €378k | €382k | ▲ 1.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €135k | €135k | €146k | €206k | €210k | ▲ 2.1% |
| Non-distributable reserves130/1 | €44k | €44k | €44k | €44k | €44k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Own shares acquired1312 | €42k | €42k | €42k | €42k | €42k | = |
| Distributable reserves133 | €91k | €91k | €102k | €162k | €166k | ▲ 2.7% |
| Profit (loss) carried forward14 | €164k | €154k | €154k | €154k | €154k | = |
| Amounts payable17/49 | €20k | €10k | €30k | €40k | €27k | ▼ 31.0% |
| Amounts payable within one year42/48 | €20k | €10k | €24k | €33k | €27k | ▼ 17.3% |
| Trade debts44 | €2k | €1k | €4k | €2k | €13k | ▲ 786% |
| Suppliers440/4 | €2k | €1k | €4k | €2k | €13k | ▲ 786% |
| Taxes, remuneration and social security45 | €19k | €9k | €20k | €32k | €14k | ▼ 55.8% |
| Taxes450/3 | €19k | €9k | €20k | €32k | €14k | ▼ 55.8% |
| Accrued charges and deferred income492/3 | €74 | €429 | €7k | €7k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €-10k | €11k | €59k | €39k | ▼ 34.6% |
| + Depreciation and write-downs630 | €6k | €7k | €5k | €4k | €14k | ▲ 217% |
| Operating cash flow (approximation) | €33k | €-3k | €16k | €64k | €52k | ▼ 17.8% |
| Investment in fixed assets (approximation) | - | €-5k | €-399 | €-388 | €-55k | ▼ 13,948% |
| Change in cash | - | €-110k | €-19k | €-61k | €78k | ▲ 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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €59k ▲433%
Operating result €79k, net result €59k, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
30-09
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
30-09
Financial
Liquidity triplescurrent ratio 15.58
Current ratio from 6.21 to 15.58; short-term debt falls from €51k to €20k.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 29 days late
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
10-04
NBB filing
Annual accounts filed
fiscal year 2016 · full 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.
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Directors · office · real estate
Directors
1 act for this company is 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, Watermaal-Bosvoorde · 1 establishment unit since 2011
Ground area
5,127 m²
Building footprint
1,510 m²
Volume, LiDAR
23,163 m³
Parcel 21652E0039/00H003, Brussels · tallest building 36.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ANGELES
since 20112.197.535.592
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0039/00H003 | Brussels | 5,127 m² | 1 · 1,510 m² | 36.3 m · 1 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.
Similar companies · same sector, comparable size
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Of 22,056 companies in sector 69101 we hold annual accounts for 9,055. 6,372 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 (pre-2019)
Founded23-03-2011
Fiscal year end30-09
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.