ANGEMAR
ActiveSummary
ANGEMAR has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.1m and a net result of €4,010. Equity is growing by ~8.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability58▲+13
Solvency69▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity short (current ratio 0.45 against 0.77 in 2023; short-term debt: 4.1% and cash: 0.9% of total assets), and 56.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
43.8%
Return on assets
0.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
62 d early
2022
62 d early
2021
61 d early
2020
57 d early
2019
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 51 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€1.1m▲ 0.4%
2023 · €1.0m
Total assets
€2.4m▼ 6.2%
2023 · €2.6m
Net result
€4,010
2023 · -€1,078
Working capital
-€53,922▼ 59.2%
2023 · -€33,878
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€10,480€14,420-€21,301€32,151€42,169▲ 31.2%
Net result€422,646▲ 237%€5,993▼ 98.6%-€1,089-€1,078▲ 1.0%€4,010
Equity€1.0m▲ 68.1%€1.0m▲ 0.6%€1.0m▼ 0.1%€1.0m▼ 0.1%€1.1m▲ 0.4%
Total assets€1.6m▲ 51.1%€1.6m=€2.4m▲ 49.5%€2.6m▲ 5.6%€2.4m▼ 6.2%
Debt€408,124▼ 3.7%€402,686▼ 1.3%€1.2m▲ 199%€1.3m▲ 11.2%€1.2m▼ 11.8%
Working capital€766,499▲ 922%€439,808▼ 42.6%€193,721▼ 56.0%-€33,878-€53,922▼ 59.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2020 Net result +237% on 2019. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 31% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.4m
Fixed assets
€2.4m ▼ 3.6%
Current assets
€43,808 ▼ 62.1%
Equity and liabilities €2.4m
Equity
€1.1m ▲ 0.4%
Provisions
€164,038 ▼ 3.1%
Debt
€1.2m ▼ 11.8%
Debt's share of the balance-sheet total falls from 52.5% to 49.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€166,380▲
2023 · €104,783
Cash flow
€128,221▲
2023 · €71,553
Current ratio
0.45▼
2023 · 0.77
Debt to equity
1.13▼
2023 · 1.28
ROE
0.4%▲
2023 · -0.1%
ROA
0.2%▲
2023 · 0.0%
Interest coverage
4.72▲
2023 · 3.13
Debt ≤ 1 year
€97,730▼
2023 · €149,448
Debt > 1 year
€1.1m▼
2023 · €1.2m
Income taxes
€8,223▲
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 14,732 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,985 | €0 | €1,202 | €25,879 | ▲ 2,054% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €71,445 | €66,108 | €72,403 | €72,631 | €124,211 | ▲ 71.0% |
| Other operating charges640/8 | - | €17,993 | €9,544 | €8,697 | €26,876 | ▲ 209% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €73,938 | €98,520 | €60,646 | €113,479 | €193,257 | ▲ 70.3% |
| Operating profit (loss)9901 | -€10,480 | €14,420 | -€21,301 | €32,151 | €42,169 | ▲ 31.2% |
| Financial income75/76B | - | €6,353 | €41,047 | €185 | €129 | ▼ 30.2% |
| Recurring financial income75 | €5 | €6,353 | €6,047 | €185 | €129 | ▼ 30.2% |
| Non-recurring financial income76B | - | €0 | €35,000 | €0 | - | - |
| Financial charges65/66B | - | €12,493 | €20,836 | €33,448 | €35,231 | ▲ 5.3% |
| Recurring financial charges65 | €12,762 | €12,493 | €20,836 | €33,448 | €35,231 | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | €563,528 | €8,279 | -€1,089 | -€1,112 | €7,067 | ▲ 735% |
| Transfer from deferred taxes780 | - | €0 | - | €34 | €5,166 | ▲ 15,019% |
| Transfer to deferred taxes680 | - | €0 | - | - | - | - |
| Income taxes67/77 | €0 | €2,286 | -€0 | €0 | €8,223 | - |
| Profit (loss) for the period9904 | €422,646 | €5,993 | -€1,089 | -€1,078 | €4,010 | ▲ 472% |
| Transfer from tax-exempt reserves789 | - | €0 | - | €103 | €15,499 | ▲ 15,019% |
| Transfer to tax-exempt reserves689 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0 | €5,993 | -€1,089 | -€976 | €19,508 | ▲ 2,099% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.6m | €2.4m | €2.6m | €2.4m | ▼ 6.2% |
| Fixed assets21/28 | €839,022 | €1.2m | €2.2m | €2.4m | €2.4m | ▼ 3.6% |
| Tangible fixed assets22/27 | €839,022 | €1.2m | €2.2m | €2.4m | €2.4m | ▼ 3.6% |
| Land and buildings22 | - | €770,160 | €832,645 | €2.4m | €2.3m | ▼ 3.1% |
| Furniture and vehicles24 | - | - | €61,220 | €47,590 | €33,961 | ▼ 28.6% |
| Assets under construction and advance payments27 | - | €388,555 | €1.3m | €0 | - | - |
| Financial fixed assets28 | - | €2,960 | €2,960 | €2,960 | €2,960 | = |
| Current assets29/58 | €781,163 | €459,065 | €267,182 | €115,571 | €43,808 | ▼ 62.1% |
| Amounts receivable within one year40/41 | €110,000 | €4,028 | €45,000 | €0 | €6,808 | - |
| Trade receivables40 | - | €2,500 | €45,000 | €0 | - | - |
| Other amounts receivable41 | - | €1,528 | €0 | - | €6,808 | - |
| Current investments50/53 | €10,672 | €10,672 | €14,247 | €14,247 | €14,313 | ▲ 0.5% |
| Cash at bank and in hand54/58 | €660,491 | €444,365 | €207,934 | €101,324 | €22,687 | ▼ 77.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €2.4m | €2.6m | €2.4m | ▼ 6.2% |
| Equity10/15 | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | ▲ 0.4% |
| Contributions10/11 | €444,000 | €444,000 | €444,000 | €444,000 | €444,000 | = |
| Capital10 | - | €444,000 | €444,000 | €444,000 | €444,000 | = |
| Issued capital100 | - | €444,000 | €444,000 | €444,000 | €444,000 | = |
| Reserves13 | €598,824 | €604,817 | €604,817 | €604,714 | €606,659 | ▲ 0.3% |
| Non-distributable reserves130/1 | - | €44,400 | €44,400 | €44,400 | €40,396 | ▼ 9.0% |
| Legal reserve130 | - | €44,400 | €44,400 | €44,400 | €40,396 | ▼ 9.0% |
| Tax-exempt reserves132 | - | €507,714 | €507,714 | €507,612 | €492,113 | ▼ 3.1% |
| Distributable reserves133 | - | €52,702 | €52,702 | €52,702 | €74,150 | ▲ 40.7% |
| Profit (loss) carried forward14 | - | - | -€1,089 | -€2,065 | €0 | ▲ 100% |
| Provisions and deferred taxes16 | €169,238 | €169,238 | €169,238 | €169,204 | €164,038 | ▼ 3.1% |
| Deferred taxes168 | - | €169,238 | €169,238 | €169,204 | €164,038 | ▼ 3.1% |
| Amounts payable17/49 | €408,124 | €402,686 | €1.2m | €1.3m | €1.2m | ▼ 11.8% |
| Amounts payable after more than one year17 | €381,292 | €371,223 | €1.1m | €1.2m | €1.1m | ▼ 8.6% |
| Financial debts170/4 | - | €122,793 | €881,204 | €942,790 | €1.0m | ▲ 11.2% |
| Other amounts payable178/9 | - | €248,430 | €239,430 | €233,430 | €27,430 | ▼ 88.2% |
| Amounts payable within one year42/48 | €14,664 | €19,258 | €73,461 | €149,448 | €97,730 | ▼ 34.6% |
| Current portion of amounts payable after more than one year42 | - | €10,898 | €22,080 | €65,606 | €83,267 | ▲ 26.9% |
| Trade debts44 | €747 | €5,368 | €9,434 | €1,799 | €3,394 | ▲ 88.7% |
| Suppliers440/4 | - | €5,368 | €9,434 | €1,799 | €3,394 | ▲ 88.7% |
| Taxes, remuneration and social security45 | - | €2,252 | €34,959 | €73,722 | €0 | ▼ 100% |
| Taxes450/3 | - | €2,252 | €34,959 | €73,722 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €739 | €6,988 | €8,322 | €11,069 | ▲ 33.0% |
| Accrued charges and deferred income492/3 | - | €12,205 | €11,845 | €15,915 | €9,685 | ▼ 39.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €422,646 | €5,993 | -€1,089 | -€1,078 | €4,010 | ▲ 472% |
| + Depreciation and write-downs630 | €71,445 | €66,108 | €72,403 | €72,631 | €124,211 | ▲ 71.0% |
| Operating cash flow (approximation) | €494,091 | €72,101 | €71,314 | €71,553 | €128,221 | ▲ 79.2% |
| Investment in fixed assets (approximation) | - | -€388,761 | -€1.1m | -€358,773 | -€36,264 | ▲ 89.9% |
| Change in cash | - | -€216,126 | -€236,431 | -€106,611 | -€78,636 | ▲ 26.2% |
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
24-03
State Gazette act
Reappointments: Geert Martens (director) and Vincent Martens (director)Appointments: Geert Martens (managing director) and Vincent Martens (managing director) · Mandate compensation · Registered-office move8 facts ▸
State Gazette act
Reappointments: Geert Martens (director) and Vincent Martens (director)
Appointments: Geert Martens (managing director) and Vincent Martens (managing director) · Mandate compensation · Registered-office move8 facts ▸
- General meeting, 19/11/2025
- Director reappointment, Geert Martens (director)
- Director reappointment, Vincent Martens (director)
- Director appointment, Geert Martens (managing director)
- Director appointment, Vincent Martens (managing director)
- Mandate compensation, Geert Martens
- Mandate compensation, Vincent Martens
- Registered-office move, Zevekootstraat 7, 9420 Erpe-Mere
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4,010
Net result €4,010 after 2 loss-making years.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€1,089
Net result drops to -€1,089, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €422,646 ▲237%
Net result €422,646, the highest in the series.
31-12
Financial
Liquidity times 11current ratio 53.27
Current ratio from 4.87 to 53.27; short-term debt falls from €19,383 to €14,664.
31-12
Financial
Equity above €1mEq €1.0m ▲68.1%
3 profitable years in a row build equity to €1.0m.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Liquidity times 17current ratio 4.87
Current ratio from 0.29 to 4.87; short-term debt falls from €57,366 to €19,383.
31-12
Financial
Equity above €500,000Eq €620,177 ▲25.4%
2 profitable years in a row build equity to €620,177.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, 2 in day-to-day management, last change in 2025
Board 2
Geert Martens
CurrentDirector · since 01-12-2025
Vincent Martens
CurrentDirector · since 01-12-2025
Day-to-day management 2
Geert Martens
CurrentManaging director · since 01-12-2025
Vincent Martens
CurrentManaging director · since 01-12-2025
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Erpe-Mere · 1 establishment unit since 1997
Ground area
4,028 m²
Building footprint
581 m²
Volume, LiDAR
2,136 m³
Parcel 41016D0358/00B000, Flanders · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ANGEMAR
since 19972.081.228.436
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41016D0358/00B000 | Flanders | 4,028 m² | 1 · 581 m² | 7.8 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.
Mandate history
2 people since 2025, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Geert Martens |
|
| Vincent Martens |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
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Shareholding
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Identification & contact
Identification
Legal formPublic limited company
Founded18-03-1997
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460228376
Also
9925:BE0460228376
Registered
15-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.