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ANNABELCO

Active
Public limited companyfounded 198541 yrs activeSint-Annarei 25, 8000 Brugge, BelgiumKBO/BCE: BE 0427.782.866
Summary

ANNABELCO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104,567 and a net result of -€1,677. Equity is shrinking by ~3.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability67▲+57
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 3.54 against 5.68 in 2024; short-term debt: 2.6% and cash: 5.6% of total assets), and 2.6% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 41 years 0 50 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1,677
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 d early
2024
71 d late
2023
15 d early
2022
33 d early
2021
5 d early
2020
5 d early
2019
4 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average on the deadline day; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 29 August 1985, ANNABELCO was incorporated.1 Total assets went from EUR 131,524 in 2018 to EUR 107,343 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,677▲ 77.5%
2024 · -€7,454
Working capital
€7,050▼ 15.9%
2024 · €8,381
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
Line20212022202320242025
Operating result-€2,004▼ 113%-€5,692▼ 184%-€8,615▼ 51.3%-€7,385▲ 14.3%-€1,623▲ 78.0%
Net result-€2,050▼ 107%-€5,758▼ 181%-€8,697▼ 51.0%-€7,454▲ 14.3%-€1,677▲ 77.5%
Equity€128,154▼ 1.1%€122,395▼ 4.5%€113,698▼ 7.1%€106,245▼ 6.6%€104,567▼ 1.6%
Total assets€129,157▼ 1.0%€124,828▼ 3.4%€116,548▼ 6.6%€109,634▼ 5.9%€107,343▼ 2.1%
Debt€1,003▲ 27.2%€2,432▲ 143%€2,850▲ 17.2%€3,390▲ 18.9%€2,776▼ 18.1%
Working capital€19,181▲ 10.0%€16,624▼ 13.3%€12,323▼ 25.9%€8,381▼ 32.0%€7,050▼ 15.9%
Result per fiscal year
Operating resultNet result
-€10,000-€7,500-€5,000-€2,500€0Operating result 2021: -€2,004-€2,004Net result 2021: -€2,050-€2,050Operating result 2022: -€5,692-€5,692Net result 2022: -€5,758-€5,758Operating result 2023: -€8,615-€8,615Net result 2023: -€8,697-€8,697Operating result 2024: -€7,385-€7,385Net result 2024: -€7,454-€7,454Operating result 2025: -€1,623-€1,623Net result 2025: -€1,677-€1,67720212022202320242025-€10,000-€7,500-€5,000-€2,500€0Operating result 2023: -€8,615-€8,610Net result 2023: -€8,697-€8,700Operating result 2024: -€7,385-€7,390Net result 2024: -€7,454-€7,450Operating result 2025: -€1,623-€1,620Net result 2025: -€1,677-€1,680202320242025
The operating result stays negative: a loss of €1,623 in 2025 against €7,385 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107,343
Fixed assets €97,517 ▼ 2.0%
Current assets €9,826 ▼ 3.4%
Equity and liabilities €107,343
Equity €104,567 ▼ 1.6%
Debt €2,776 ▼ 18.1%
Debt's share of the balance-sheet total falls from 3.1% to 2.6%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€324▲
2024 · -€4,278
Cash flow
€270▲
2024 · -€4,346
Current ratio
3.54▼
2024 · 5.68
Debt to equity
0.03▼
2024 · 0.03
ROE
-1.6%▲
2024 · -7.0%
ROA
-1.6%▲
2024 · -6.8%
Interest coverage
5.99▲
2024 · -62.45
Debt ≤ 1 year
€2,776▲
2024 · €1,790
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 12,321 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 · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€109,634€107,343▼
Fixed assets21/28€99,464€97,517▼
Tangible fixed assets22/27€99,464€97,517▼
Land and buildings22€81,564€79,617▼
Furniture and vehicles24€17,900€17,900=
Current assets29/58€10,170€9,826▼
Amounts receivable within one year40/41€4,050€0▼
Trade receivables40€4,050€0▼
Cash at bank and in hand54/58€4,579€6,009▲
Deferred charges and accrued income490/1€1,542€3,817▲
Equity and liabilities
Total equity and liabilities10/49€109,634€107,343▼
Equity10/15€106,245€104,567▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€6,200€6,200=
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Profit (loss) carried forward14€38,045€36,367▼
Amounts payable17/49€3,390€2,776▼
Amounts payable within one year42/48€1,790€2,776▲
Trade debts44€126€1,112▲
Suppliers440/4€126€1,112▲
Other amounts payable47/48€1,664€1,664=
Accrued charges and deferred income492/3€1,600€0▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,107€1,947▼
Other operating charges640/8€3,061€3,124▲
Gross operating margin9900-€1,217€3,448▲
Operating profit (loss)9901-€7,385-€1,623▲
Financial charges65/66B€69€54▼
Recurring financial charges65€69€54▼
Profit (loss) for the period before taxes9903-€7,454-€1,677▲
Profit (loss) for the period9904-€7,454-€1,677▲
Profit (loss) for the period to be appropriated9905-€7,454-€1,677▲
Appropriation of the result
Profit (loss) to be appropriated9906€38,045€36,367▼
Profit (loss) brought forward from the previous period14P€45,498€38,045▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,200€3,200€3,200€3,107€1,947▼ 37.3%
Other operating charges640/8€2,734€2,727€2,979€3,061€3,124▲ 2.1%
Gross operating margin9900€3,931€235-€2,435-€1,217€3,448▲ 383%
Operating profit (loss)9901-€2,004-€5,692-€8,615-€7,385-€1,623▲ 78.0%
Financial charges65/66B€46€66€82€69€54▼ 21.2%
Recurring financial charges65€46€66€82€69€54▼ 21.2%
Profit (loss) for the period before taxes9903-€2,050-€5,758-€8,697-€7,454-€1,677▲ 77.5%
Profit (loss) for the period9904-€2,050-€5,758-€8,697-€7,454-€1,677▲ 77.5%
Profit (loss) for the period to be appropriated9905-€2,050-€5,758-€8,697-€7,454-€1,677▲ 77.5%
Line20212022202320242025Change
Assets
Total assets20/58€129,157€124,828€116,548€109,634€107,343▼ 2.1%
Fixed assets21/28€108,972€105,772€102,571€99,464€97,517▼ 2.0%
Tangible fixed assets22/27€108,972€105,772€102,571€99,464€97,517▼ 2.0%
Land and buildings22€91,072€87,872€84,671€81,564€79,617▼ 2.4%
Furniture and vehicles24€17,900€17,900€17,900€17,900€17,900=
Current assets29/58€20,184€19,056€13,977€10,170€9,826▼ 3.4%
Amounts receivable within one year40/41€1,800€1,800-€4,050€0▼ 100%
Trade receivables40€1,800€1,800-€4,050€0▼ 100%
Cash at bank and in hand54/58€17,172€15,919€12,502€4,579€6,009▲ 31.2%
Deferred charges and accrued income490/1€1,213€1,337€1,475€1,542€3,817▲ 148%
Equity and liabilities
Total equity and liabilities10/49€129,157€124,828€116,548€109,634€107,343▼ 2.1%
Equity10/15€128,154€122,395€113,698€106,245€104,567▼ 1.6%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Reserves13€6,200€6,200€6,200€6,200€6,200=
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Profit (loss) carried forward14€59,954€54,195€45,498€38,045€36,367▼ 4.4%
Amounts payable17/49€1,003€2,432€2,850€3,390€2,776▼ 18.1%
Amounts payable within one year42/48€1,003€2,432€1,654€1,790€2,776▲ 55.1%
Trade debts44€1,003€2,432€1,654€126€1,112▲ 783%
Suppliers440/4€1,003€2,432€1,654€126€1,112▲ 783%
Other amounts payable47/48---€1,664€1,664=
Accrued charges and deferred income492/3--€1,196€1,600€0▼ 100%
Line20212022202320242025Change
Profit (loss) for the period9904-€2,050-€5,758-€8,697-€7,454-€1,677▲ 77.5%
+ Depreciation and write-downs630€3,200€3,200€3,200€3,107€1,947▼ 37.3%
Operating cash flow (approximation)€1,151-€2,558-€5,497-€4,346€270▲ 106%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€1,252-€3,417-€7,924€1,430▲ 118%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
10-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 71 days late
2024
16-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Weakest financial yearnet -€8,697
Net result drops to -€8,697, the lowest in the series; recovery starts the following year.
28-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
4 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, Brugge
exact location from the address register On OpenStreetMap
Ground area
556 m²
Building footprint
297 m²
Volume, LiDAR
5,024 m³
Parcel 31005A0598/00M000, Flanders · tallest building 19.4 m, ±6 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31005A0598/00M000
ProtectedTownscape or village viewSpiegelrei, Gouden-Handrei en Sint-Annarei met omgevingSource ↗
Flanders 556 m² 1 · 297 m² 19.4 m · 6 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Identification & contact

Identification
Legal formPublic limited company
Founded29-08-1985
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

General meetings

2 convocations
Ordinary general meeting
on 27-06-2012 at 11u · at the registered office · published 04-06-2012
Agenda
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-1201221/ 04.06) (20025) ASPHALTCO (Compagnie générale des Asphaltes), naamloze vennootschap, Vilvoordelaan 92, 1830 MACHELEN Ondernemingsnummer 0400.456.184 Algemene vergadering ter zetel op dinsdag 12/06/2012 om 14 uur. Agenda : Jaarverslag van de raad van bestuur. Verslag van de commissaris-revisor. Goedkeuring van de jaarrekening van het boek- jaar en aanwending van de resultaten. Kwijting aan bestuurders en commissaris. Ontslag en benoeming bestuurders. Diversen. (AOPC-1-12-01371/ 04.06) (20026) D-INVEST MOL, naamloze vennootschap, Sint-Theresiastraat 155, 2400 MOL Ondernemingsnummer 0466.1 ...
Ordinary general meeting
on 16-06-2011 at 16u · at the registered office · published 06-06-2011
Agenda
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC11103321/06.06) (24545) ASPHALTCO, naamloze vennootschap, (Compagnie générale des Asphaltes), Vilvoordelaan 92, 1830 MACHELEN Ondernemingsnummer 0400.456.184 Algemene vergadering ter zetel op dinsdag 14/6/2011, om 14 uur. Agenda : Jaarverslag van de raad van bestuur. Verslag van de Commissaris-revisor. Goedkeuring van de jaarrekening van het boek- jaar en aanwending van de resultaten. Kwijting aan bestuurders en commissaris. Diversen. (AOPC-1-11-03454/06.06) (24546) A.R.C.C., société anonyme, chemin des Epicéas 306, 5377 HOGNE (SOMME-LEUZE) Numéro d’entreprise 0449.012.010 Assemblée ordinaire au s ...