Skip to content

ANJOREMA

Active
Private limited companyfounded 2016active for 10 yearsChrysantenlaan 20, 8531 Harelbeke, BelgiumKBO/BCE: BE 0662.423.985
Summary

ANJOREMA has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €145,434 and a net result of €32,420. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 71% of 61 sector peers (NACE 49, financial year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · financial year 2026, micro format

Equity
€145,434▲ 22.2%
2025 · €119,014
Total assets
€302,823▲ 7.5%
2025 · €281,604
Net result
€32,420▲ 113%
2025 · €15,185
Working capital
€73,266▲ 42.1%
2025 · €51,570
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

The operating result recovers in 2026; 2026 is 92% above 2025 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€44,288 2026 Net result€32,420 2026

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€2,791-€4,024▲ 44.2%€15,914▲ 295%€2,159▼ 86.4%€31,680▲ 1,367%€26,162▼ 17.4%€23,032▼ 12.0%€44,288▲ 92.3%
Net result-€510-€751€10,586within the sector's middle half▲ 1,309%-€943within the sector's middle half€22,430above the sector's middle half€16,950within the sector's middle half▼ 24.4%€15,185within the sector's middle half▼ 10.4%€32,420▲ 113%
Equity€54,055-€54,806▲ 1.4%€65,392within the sector's middle half▲ 19.3%€64,448within the sector's middle half▼ 1.4%€86,879within the sector's middle half▲ 34.8%€103,829above the sector's middle half▲ 19.5%€119,014above the sector's middle half▲ 14.6%€145,434▲ 22.2%
Total assets€231,178-€249,150▲ 7.8%€254,664within the sector's middle half▲ 2.2%€246,399within the sector's middle half▼ 3.2%€245,714within the sector's middle half▼ 0.3%€269,065above the sector's middle half▲ 9.5%€281,604above the sector's middle half▲ 4.7%€302,823▲ 7.5%
Debt€177,123-€194,344▲ 9.7%€189,273▼ 2.6%€181,951▼ 3.9%€158,835▼ 12.7%€165,236▲ 4.0%€162,590▼ 1.6%€157,389▼ 3.2%
Working capital€22,286-€663▼ 97.0%€8,656within the sector's middle half▲ 1,205%€7,015within the sector's middle half▼ 19.0%€22,699within the sector's middle half▲ 224%€40,999within the sector's middle half▲ 80.6%€51,570within the sector's middle half▲ 25.8%€73,266▲ 42.1%
Solvency23.4%-22.0%▼ 1.4pp25.7%within the sector's middle half▲ 3.7pp26.2%within the sector's middle half▲ 0.5pp35.4%within the sector's middle half▲ 9.2pp38.6%within the sector's middle half▲ 3.2pp42.3%within the sector's middle half▲ 3.7pp48.0%▲ 5.8pp
Current ratio1.41-1.01▼ 0.411.11within the sector's middle half▲ 0.101.08within the sector's middle half▼ 0.031.30within the sector's middle half▲ 0.221.45within the sector's middle half▲ 0.151.52within the sector's middle half▲ 0.071.71▲ 0.19
Return on assets (ROA)-0.2%-0.3%▲ 0.5pp4.2%within the sector's middle half▲ 3.9pp-0.4%within the sector's middle half▼ 4.5pp9.1%within the sector's middle half▲ 9.5pp6.3%within the sector's middle half▼ 2.8pp5.4%within the sector's middle half▼ 0.9pp10.7%▲ 5.3pp
Staff (FTE)0.7-1▲ 42.9%1.1▲ 10.0%2▲ 81.8%2=2=2=2=
above within below the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €302,823
Fixed assets €125,670 ▼ 3.9%
Current assets €177,153 ▲ 17.5%
Equity and liabilities €302,823
Equity €145,434 ▲ 22.2%
Debt €157,389 ▼ 3.2%
Debt's share of the balance-sheet total falls from 57.7% to 52.0%. Equity is higher and debt is lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€49,395▲
2025 · €30,225
Cash flow
€37,527▲
2025 · €22,378
Quick ratio
1.00▲
2025 · 0.67
Debt to equity
1.08▼
2025 · 1.37
ROE
22.3%▲
2025 · 12.8%
Interest coverage
30.42▲
2025 · 16.79
Debt ≤ 1 year
€103,887▲
2025 · €99,258
Debt > 1 year
€53,333▼
2025 · €63,333
Income taxes
€10,499▲
2025 · €6,388
Staff costs
€45,432▲
2025 · €43,731
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% 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
95.3% still going

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 74.5% 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 34,695 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
Filed annual accounts As filed with the NBB · 2026 against 2025 · 50 lines
Balance sheet Code20252026
Assets
Total assets20/58€281,604€302,823▲
Fixed assets21/28€130,777€125,670▼
Tangible fixed assets22/27€130,777€125,670▼
Land and buildings22€121,800€118,275▼
Plant, machinery and equipment23€8,609€7,123▼
Furniture and vehicles24€368€272▼
Current assets29/58€150,828€177,153▲
Stocks and contracts in progress3€84,726€72,811▼
Stocks30/36€84,726€72,811▼
Amounts receivable within one year40/41€4,820€5,099▲
Trade receivables40€4,530€5,099▲
Other amounts receivable41€290-
Cash at bank and in hand54/58€58,515€88,823▲
Deferred charges and accrued income490/1€2,767€10,420▲
Equity and liabilities
Total equity and liabilities10/49€281,604€302,823▲
Equity10/15€119,014€145,434▲
Contributions10/11€52,555€52,555=
Reserves13€66,459€92,879▲
Distributable reserves133€66,459€92,879▲
Amounts payable17/49€162,590€157,389▼
Amounts payable after more than one year17€63,333€53,333▼
Financial debts170/4€63,333€53,333▼
Amounts payable within one year42/48€99,258€103,887▲
Current portion of amounts payable after more than one year42€10,000€10,000=
Trade debts44€62,520€55,547▼
Suppliers440/4€62,520€55,547▼
Advances received on contracts in progress46-€998
Taxes, remuneration and social security45€4,627€11,443▲
Taxes450/3€3,724€8,551▲
Remuneration and social security454/9€903€2,892▲
Other amounts payable47/48€22,111€25,899▲
Accrued charges and deferred income492/3-€169
Income statement Code20252026
Remuneration, social security and pensions62€43,731€45,432▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,193€5,107▼
Other operating charges640/8€1,396€1,332▼
Gross operating margin9900€75,353€96,159▲
Operating profit (loss)9901€23,032€44,288▲
Financial income75/76B€342€255▼
Recurring financial income75€342€255▼
Financial charges65/66B€1,801€1,624▼
Recurring financial charges65€1,801€1,624▼
Profit (loss) for the period before taxes9903€21,573€42,919▲
Income taxes67/77€6,388€10,499▲
Profit (loss) for the period9904€15,185€32,420▲
Profit (loss) for the period to be appropriated9905€15,185€32,420▲
Appropriation of the result
Profit (loss) to be appropriated9906€15,185€32,420▲
Transfer to equity691/2€15,185€26,420▲
To other reserves6921€15,185€26,420▲
Profit to be distributed694/7-€6,000
Directors or managers695-€6,000

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023202420252026Change
Remuneration, social security and pensions62---€31,702€36,614€39,057€43,731€45,432▲ 3.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,819€12,600€14,696€14,766€11,559€11,828€7,193€5,107▼ 29.0%
Other operating charges640/8---€1,235€1,649€1,313€1,396€1,332▼ 4.6%
Gross operating margin9900€34,472€42,348€58,512€49,862€81,503€78,360€75,353€96,159▲ 27.6%
Operating profit (loss)9901€2,791€4,024€15,914€2,159€31,680€26,162€23,032€44,288▲ 92.3%
Financial income75/76B---€7€0€288€342€255▼ 25.4%
Recurring financial income75€6€0€45€7€0€288€342€255▼ 25.4%
Financial charges65/66B---€2,574€2,288€2,054€1,801€1,624▼ 9.8%
Recurring financial charges65€3,116€3,119€2,915€2,574€2,288€2,054€1,801€1,624▼ 9.8%
Profit (loss) for the period before taxes9903-€319€905€13,045-€408€29,393€24,396€21,573€42,919▲ 98.9%
Income taxes67/77€191€154€2,459€535€6,962€7,446€6,388€10,499▲ 64.4%
Profit (loss) for the period9904-€510€751€10,586-€943€22,430€16,950€15,185€32,420▲ 113%
Profit (loss) for the period to be appropriated9905-€510€751€10,586-€943€22,430€16,950€15,185€32,420▲ 113%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€231,178€249,150€254,664€246,399€245,714€269,065€281,604€302,823▲ 7.5%
Fixed assets21/28€155,166€180,586€165,890€153,324€147,513€136,163€130,777€125,670▼ 3.9%
Tangible fixed assets22/27€155,166€180,586€165,890€153,324€147,513€136,163€130,777€125,670▼ 3.9%
Land and buildings22---€132,375€128,850€125,325€121,800€118,275▼ 2.9%
Plant, machinery and equipment23---€4,888€9,585€8,279€8,609€7,123▼ 17.3%
Furniture and vehicles24---€9,530€4,844€621€368€272▼ 26.0%
Leasing and similar rights25---€6,530€4,234€1,938---
Current assets29/58€76,012€68,564€88,774€93,075€98,201€132,902€150,828€177,153▲ 17.5%
Stocks and contracts in progress3€45,879€41,928€55,636€49,911€53,341€66,275€84,726€72,811▼ 14.1%
Stocks30/36---€49,911€53,341€66,275€84,726€72,811▼ 14.1%
Amounts receivable within one year40/41€5,531€4,214€5,169€4,331€4,308€4,203€4,820€5,099▲ 5.8%
Trade receivables40---€4,331€4,308€4,203€4,530€5,099▲ 12.6%
Other amounts receivable41------€290--
Cash at bank and in hand54/58€23,213€19,648€24,922€35,721€37,596€58,419€58,515€88,823▲ 51.8%
Deferred charges and accrued income490/1---€3,112€2,955€4,005€2,767€10,420▲ 277%
Equity and liabilities
Total equity and liabilities10/49€231,178€249,150€254,664€246,399€245,714€269,065€281,604€302,823▲ 7.5%
Equity10/15€54,055€54,806€65,392€64,448€86,879€103,829€119,014€145,434▲ 22.2%
Contributions10/11€52,555--€52,555€52,555€52,555€52,555€52,555=
Reserves13€1,500€2,251€12,837€11,893€34,324€51,274€66,459€92,879▲ 39.8%
Non-distributable reserves130/1---€1,404€1,404----
Reserves not available under the articles1311---€1,404€1,404----
Distributable reserves133---€10,489€32,919€51,274€66,459€92,879▲ 39.8%
Amounts payable17/49€177,123€194,344€189,273€181,951€158,835€165,236€162,590€157,389▼ 3.2%
Amounts payable after more than one year17€123,333€126,314€109,044€95,777€83,333€73,333€63,333€53,333▼ 15.8%
Financial debts170/4---€95,777€83,333€73,333€63,333€53,333▼ 15.8%
Amounts payable within one year42/48€53,726€67,901€80,118€86,060€75,502€91,903€99,258€103,887▲ 4.7%
Current portion of amounts payable after more than one year42---€13,268€12,444€10,000€10,000€10,000=
Trade debts44€23,154€28,210€38,115€49,294€35,863€58,911€62,520€55,547▼ 11.2%
Suppliers440/4---€49,294€35,863€58,911€62,520€55,547▼ 11.2%
Advances received on contracts in progress46-------€998-
Taxes, remuneration and social security45---€4,791€8,038€3,873€4,627€11,443▲ 147%
Taxes450/3---€2,687€7,470€3,350€3,724€8,551▲ 130%
Remuneration and social security454/9---€2,104€568€523€903€2,892▲ 220%
Other amounts payable47/48---€18,708€19,158€19,119€22,111€25,899▲ 17.1%
Accrued charges and deferred income492/3---€114---€169-
Line20192020202120222023202420252026Change
Profit (loss) for the period9904-€510€751€10,586-€943€22,430€16,950€15,185€32,420▲ 113%
+ Depreciation and write-downs630€9,819€12,600€14,696€14,766€11,559€11,828€7,193€5,107▼ 29.0%
Operating cash flow (approximation)€9,309€13,351€25,281€13,822€33,990€28,778€22,378€37,527▲ 67.7%
Investment in fixed assets (approximation)--€38,020€0-€2,199-€5,748-€478-€1,807€0-
Change in cash--€3,565€5,273€10,799€1,876€20,822€96€30,308▲ 31,511%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (10)
Financial year Type Filed Reference
31-03-2026 micro format 29-09-2026 2026-00530902
31-03-2025 micro format 08-10-2025 2025-00537894
31-03-2024 micro format 20-09-2024 2024-00466922
31-03-2023 micro format 05-10-2023 2023-00475112
31-03-2022 micro format 11-10-2022 2022-20457198
31-03-2021 micro format 29-10-2021 2021-74700381
31-03-2020 micro format 06-10-2020 2020-59500028
31-03-2019 micro format 29-10-2019 2019-71800264
31-03-2018 micro format 26-10-2018 2018-70400391
31-03-2017 micro format 30-11-2017 2017-70800158

Similar companies · same sector, comparable size

Of the 98 active companies whose main activity is land transport and transport via pipelines (NACE 49500), figures are known for 71. 55 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.