Angelo 2.0
ActiveSummary
Angelo 2.0 has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23.7m and a net result of €7.8m. Equity is growing by ~44% per year across the filed fiscal years. Its solvency ranks better than 69% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+11
Solvency87▲+18
Growth60▼-11
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 0.32 in 2024; short-term debt: 5.9% and cash: 0% of total assets), and 37.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
62.1%
Return on assets
20.5%
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
27 d early
2023
26 d early
2022
60 d late
2022
on the day
2021
4 d early
2020
6 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 3 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 11 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?Angelo 2.0 · 16 companies
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Bilzen-Hoeselt, Real estate sector#1 company by equity in Bilzen-Hoeselt, Real estate sector
Turnover
€1.2m▼ 11.2%
2024 · €1.3m
EBIT margin
65.6%▲ 45.4pp
2024 · 20.2%
Net result
€7.8m▲ 6.9%
2024 · €7.3m
Working capital
€1.6m
2024 · -€7.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20222022202320242025
Turnover€1.2m€1.3m▲ 7.4%€1.2m▼ 11.2%
Operating result€371,052▲ 65.4%€357,407-€342,072▼ 4.3%€265,967▼ 22.2%€767,118▲ 188%
Net result-€1,941within the sector's middle half-€82,310below the sector's middle half-€5.9mabove the sector's middle half€7.3mabove the sector's middle half▲ 23.7%€7.8mabove the sector's middle half▲ 6.9%
EBIT margin27.9%20.2%▼ 7.7pp65.6%▲ 45.4pp
Equity€3.9mabove the sector's middle half▼ 0.1%€3.8mabove the sector's middle half-€9.0mabove the sector's middle half▲ 138%€16.1mabove the sector's middle half▲ 79.3%€23.7mabove the sector's middle half▲ 47.2%
Total assets€24.6mabove the sector's middle half▲ 185%€24.6mabove the sector's middle half-€34.3mabove the sector's middle half▲ 39.5%€36.2mabove the sector's middle half▲ 5.6%€38.1mabove the sector's middle half▲ 5.3%
Debt€20.7m▲ 334%€20.8m-€25.3m▲ 21.6%€20.1m▼ 20.6%€14.3m▼ 28.9%
Working capital-€8.4mbelow the sector's middle half-€8.9mbelow the sector's middle half--€11.1mbelow the sector's middle half▼ 24.0%-€7.1mbelow the sector's middle half▲ 35.6%€1.6mabove the sector's middle half
Solvency15.7%within the sector's middle half▼ 29.0pp15.3%within the sector's middle half-26.2%within the sector's middle half▲ 10.8pp44.5%within the sector's middle half▲ 18.3pp62.1%within the sector's middle half▲ 17.7pp
Current ratio0.21below the sector's middle half▼ 1.430.20below the sector's middle half-0.23below the sector's middle half▲ 0.020.32below the sector's middle half▲ 0.101.73within the sector's middle half▲ 1.41
Return on assets (ROA)0.0%within the sector's middle half▼ 1.3pp-0.3%within the sector's middle half-17.2%above the sector's middle half▲ 17.5pp20.2%above the sector's middle half▲ 3.0pp20.5%above the sector's middle half▲ 0.3pp
Staff (FTE)0.6within the sector's middle half▲ 20.0%1.5within the sector's middle half-0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38.1m
Fixed assets
€34.2m ▲ 4.3%
Current assets
€3.9m ▲ 14.4%
Equity and liabilities €38.1m
Equity
€23.7m ▲ 47.2%
Provisions
€132,841
Debt
€14.3m ▼ 28.9%
Debt's share of the balance-sheet total falls from 55.5% to 37.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.3m▲
2024 · €912,531
Cash flow
€8.3m▲
2024 · €7.9m
Quick ratio
0.49▲
2024 · 0.12
Debt to equity
0.60▼
2024 · 1.25
ROE
32.9%▼
2024 · 45.3%
Interest coverage
3.77▲
2024 · 1.91
Debt ≤ 1 year
€2.2m▼
2024 · €10.5m
Debt > 1 year
€12.0m▲
2024 · €9.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €1.3m | €1.3m | €1.7m | ▲ 30.6% |
| Turnover70 | - | - | €1.2m | €1.3m | €1.2m | ▼ 11.2% |
| Other operating income74 | - | - | €26,195 | €10,471 | €32,924 | ▲ 214% |
| Non-recurring operating income76A | €0 | - | €2,500 | €0 | €531,363 | - |
| Operating charges60/66A | - | - | €912,623 | €1.1m | €966,507 | ▼ 8.9% |
| Goods for resale, raw materials and consumables60 | - | - | €105 | €0 | - | - |
| Purchases600/8 | - | - | €105 | €793,108 | €623,346 | ▼ 21.4% |
| Change in stocks: decrease (increase)609 | - | - | €0 | -€793,108 | -€623,346 | ▲ 21.4% |
| Services and other goods61 | - | - | €276,866 | €343,169 | €352,090 | ▲ 2.6% |
| Remuneration, social security and pensions62 | €44,504 | €44,155 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €392,044 | €194,439 | €564,663 | €646,564 | €531,637 | ▼ 17.8% |
| Other operating charges640/8 | €45,192 | €38,128 | €55,069 | €71,308 | €82,780 | ▲ 16.1% |
| Non-recurring operating charges66A | - | - | €15,920 | €0 | - | - |
| Gross operating margin9900 | €852,792 | €634,129 | - | - | - | - |
| Operating profit (loss)9901 | €371,052 | €357,407 | €342,072 | €265,967 | €767,118 | ▲ 188% |
| Financial income75/76B | €1,961 | €4,710 | €6.0m | €7.5m | €7.5m | ▲ 0.1% |
| Recurring financial income75 | €1,961 | €4,710 | €6.0m | €7.5m | €7.5m | ▲ 0.1% |
| Income from financial fixed assets750 | - | - | €6.0m | €7.5m | €7.5m | = |
| Income from current assets751 | - | - | €5,666 | €36 | €0 | ▼ 100% |
| Other financial income752/9 | - | - | €2,510 | €4,786 | €13,501 | ▲ 182% |
| Financial charges65/66B | €284,980 | €444,120 | €459,611 | €482,000 | €356,121 | ▼ 26.1% |
| Recurring financial charges65 | €284,980 | €444,120 | €459,611 | €482,000 | €356,121 | ▼ 26.1% |
| Debt charges650 | - | - | €452,837 | €478,801 | €344,434 | ▼ 28.1% |
| Other financial charges652/9 | - | - | €6,774 | €3,199 | €11,686 | ▲ 265% |
| Profit (loss) for the period before taxes9903 | €88,033 | -€82,002 | €5.9m | €7.3m | €7.9m | ▲ 8.7% |
| Transfer to deferred taxes680 | - | - | - | - | €132,841 | - |
| Income taxes67/77 | €89,974 | €308 | €0 | - | - | - |
| Taxes670/3 | - | - | €0 | - | - | - |
| Profit (loss) for the period9904 | -€1,941 | -€82,310 | €5.9m | €7.3m | €7.8m | ▲ 6.9% |
| Transfer from tax-exempt reserves789 | €310,160 | €0 | - | - | - | - |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | €398,523 | - |
| Profit (loss) for the period to be appropriated9905 | €308,219 | -€82,310 | €5.9m | €7.3m | €7.4m | ▲ 1.4% |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24.6m | €24.6m | €34.3m | €36.2m | €38.1m | ▲ 5.3% |
| Fixed assets21/28 | €22.4m | €22.3m | €31.0m | €32.8m | €34.2m | ▲ 4.3% |
| Intangible fixed assets21 | €65,746 | €32,873 | €0 | - | - | - |
| Tangible fixed assets22/27 | €3.0m | €2.9m | €6.3m | €7.2m | €9.3m | ▲ 29.0% |
| Land and buildings22 | €2.8m | €2.8m | €4.9m | €5.5m | €5.9m | ▲ 7.2% |
| Plant, machinery and equipment23 | €58,085 | €46,241 | €44,284 | €38,440 | €52,466 | ▲ 36.5% |
| Furniture and vehicles24 | €128,480 | €112,307 | €7,308 | €31,118 | €32,055 | ▲ 3.0% |
| Assets under construction and advance payments27 | - | - | €1.3m | €1.7m | €3.3m | ▲ 102% |
| Financial fixed assets28 | €19.3m | €19.3m | €24.8m | €25.5m | €24.9m | ▼ 2.7% |
| Affiliated companies280/1 | - | - | €24.7m | €25.5m | €24.8m | ▼ 2.7% |
| Participating interests280 | - | - | €24.7m | €25.5m | €24.8m | ▼ 2.7% |
| Companies linked by participating interests282/3 | - | - | €3,103 | €0 | - | - |
| Participating interests282 | - | - | €3,103 | €0 | - | - |
| Other financial fixed assets284/8 | - | - | €1,500 | €80,350 | €100,000 | ▲ 24.5% |
| Amounts receivable and cash guarantees285/8 | - | - | €1,500 | €80,350 | €100,000 | ▲ 24.5% |
| Current assets29/58 | €2.2m | €2.3m | €3.2m | €3.4m | €3.9m | ▲ 14.4% |
| Stocks and contracts in progress3 | €1.6m | €1.4m | €1.4m | €2.2m | €2.8m | ▲ 28.9% |
| Stocks30/36 | €1.6m | €1.4m | €1.4m | €2.2m | €2.8m | ▲ 28.9% |
| Property held for sale35 | - | - | €1.4m | €2.2m | €2.8m | ▲ 28.9% |
| Amounts receivable within one year40/41 | €493,155 | €618,978 | €1.7m | €988,466 | €858,141 | ▼ 13.2% |
| Trade receivables40 | €136,075 | €220,255 | €966,806 | €984,420 | €850,108 | ▼ 13.6% |
| Other amounts receivable41 | €357,080 | €398,724 | €759,372 | €4,046 | €8,032 | ▲ 98.5% |
| Current investments50/53 | €4,500 | €67,000 | €67,000 | €172,500 | €210,846 | ▲ 22.2% |
| Other investments51/53 | - | - | €67,000 | €172,500 | €210,846 | ▲ 22.2% |
| Cash at bank and in hand54/58 | €97,649 | €142,949 | €55,970 | €53,464 | €13,580 | ▼ 74.6% |
| Deferred charges and accrued income490/1 | €8,177 | €1,636 | €0 | €9,365 | €6,107 | ▼ 34.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24.6m | €24.6m | €34.3m | €36.2m | €38.1m | ▲ 5.3% |
| Equity10/15 | €3.9m | €3.8m | €9.0m | €16.1m | €23.7m | ▲ 47.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2.9m | €2.9m | €8.9m | €16.1m | €23.6m | ▲ 47.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €0 | - | - | - | €398,523 | - |
| Distributable reserves133 | €2.9m | €2.9m | €8.9m | €16.1m | €23.2m | ▲ 44.8% |
| Profit (loss) carried forward14 | €947,915 | €865,604 | €0 | - | - | - |
| Provisions and deferred taxes16 | - | - | - | - | €132,841 | - |
| Deferred taxes168 | - | - | - | - | €132,841 | - |
| Amounts payable17/49 | €20.7m | €20.8m | €25.3m | €20.1m | €14.3m | ▼ 28.9% |
| Amounts payable after more than one year17 | €10.0m | €9.4m | €11.0m | €9.5m | €12.0m | ▲ 26.0% |
| Financial debts170/4 | €2.9m | €2.8m | €4.7m | €5.0m | €4.7m | ▼ 5.2% |
| Credit institutions173 | - | - | €4.7m | €5.0m | €4.7m | ▼ 5.2% |
| Other amounts payable178/9 | €7.1m | €6.6m | €6.3m | €4.6m | €7.3m | ▲ 60.2% |
| Amounts payable within one year42/48 | €10.6m | €11.2m | €14.3m | €10.5m | €2.2m | ▼ 78.7% |
| Current portion of amounts payable after more than one year42 | €441,394 | €590,169 | €773,079 | €866,311 | €874,174 | ▲ 0.9% |
| Financial debts43 | - | €100,000 | €729,552 | €300,000 | €500,000 | ▲ 66.7% |
| Credit institutions430/8 | - | €100,000 | €729,552 | €300,000 | €500,000 | ▲ 66.7% |
| Trade debts44 | €41,219 | €146,968 | €177,477 | €12,868 | €466,238 | ▲ 3,523% |
| Suppliers440/4 | €41,219 | €146,968 | €177,477 | €12,868 | €466,238 | ▲ 3,523% |
| Advances received on contracts in progress46 | €274,080 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €145,034 | €176,593 | €117,656 | €124,522 | €47,258 | ▼ 62.0% |
| Taxes450/3 | €131,903 | €161,433 | €117,656 | €124,522 | €45,528 | ▼ 63.4% |
| Remuneration and social security454/9 | €13,131 | €15,161 | €0 | - | €1,731 | - |
| Other amounts payable47/48 | €9.7m | €10.2m | €12.5m | €9.2m | €346,802 | ▼ 96.2% |
| Accrued charges and deferred income492/3 | €101,608 | €197,071 | €53,646 | €31,861 | €15,777 | ▼ 50.5% |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,941 | -€82,310 | €5.9m | €7.3m | €7.8m | ▲ 6.9% |
| + Depreciation and write-downs630 | €392,044 | €194,439 | €564,663 | €646,564 | €531,637 | ▼ 17.8% |
| Operating cash flow (approximation) | €390,103 | €112,128 | €6.5m | €7.9m | €8.3m | ▲ 4.9% |
| Investment in fixed assets (approximation) | - | - | -€9.3m | -€2.4m | -€2.0m | ▲ 18.2% |
| Change in cash | - | - | -€86,979 | -€2,506 | -€39,884 | ▼ 1,491% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2019net €7.8m ▲6.9%
Operating result €767,118, net result €7.8m, both a record.
31-12
Financial
Liquidity times 5current ratio 1.73
Current ratio from 0.32 to 1.73; short-term debt falls from €10.5m to €2.2m.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €10mEq €16.1m ▲79.3%
2 profitable years in a row build equity to €16.1m.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €5.9m
Net result €5.9m after 2 loss-making years.
31-12
Financial
Equity above €5mEq €9.0m ▲138%
Equity rises from €3.8m to €9.0m.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€82,310
Net result drops to -€82,310, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Show earlier events
2021
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Bilzen-Hoeselt · 2 establishment units since 2003
Ground area
7,046 m²
Building footprint
1,272 m²
Volume, LiDAR
12,503 m³
3 parcels, Flanders · tallest building 21.0 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Koning Boudewijnlaan 1, 3600 Genk
since 20032.131.891.041
NINA BRUNO VASTGOED
since 20182.281.202.646
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73056B0008/00D002 | Flanders | 3,880 m² | 1 · 918 m² | 11.0 m · 3 fl. |
| 71302A0028/00W030 | Flanders | 3,013 m² | 1 · 201 m² | 11.3 m · 3 fl. |
| 71016I0589/00F000 | Flanders | 153 m² | 1 · 153 m² | 21.0 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Heads the group
Angelo 2.0
16 companies
Group, risk and exposure
Owners and holdings
3 holdings · 15 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
100%
-
100%
All subsidiaries, including indirect ones 15
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- GREEN HOTEL 100%
GROUP BRUNO 100%12 subsidiaries
BRIM 100%9 subsidiaries
- BFC Oost-West Vlaanderen 100%
- Bilzen BSS 100%
- BRUSTEM BSS 100%
- MAASEIK BSS 100%
- Maasmechelen BSS 100%
- Oudsbergen BSS 100%
- OVERPELT BSS 100%
- SAFA 100%
- SPOUWEN BSS 100%
- VITALIS MOBILITY 100%
- BRUNO MAZOUT 99.75%
- NINA BRUNO VASTGOED 100%
According to the 2025 annual accounts of Angelo 2.0 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,770 EUR awarded · 1,770 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 1,770 EUR |
| 2022 | 1 | 1,770 EUR | 0 EUR |
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Of 3,762 companies in sector 68321 we hold annual accounts for 1,394. 143 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
Founded30-09-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
68121Development of residential building projects
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
70200Business and other management consultancy
Contact
Phone
089840600Genk
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466957604
Also
9925:BE0466957604
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.