ANNATH
ActiveSummary
ANNATH has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154,315 and a net result of -€75,230. Equity is shrinking by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 39% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-32
Solvency45▼-7
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.58 in 2024; short-term debt: 29% and cash: 1.4% of total assets), and 80.1% of the assets are financed with debt.
Credit check for your own amount and term
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 · 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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
on the day
2023
20 d late
2022
6 d early
2021
29 d late
2020
24 d late
2019
13 d late
← 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 9 days after 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 31 July (5 of the last 5 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
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Financials · fiscal year 2025, abbreviated schema
Equity
€154,315▼ 32.8%
2024 · €229,545
Total assets
€774,580▼ 9.8%
2024 · €859,181
Net result
-€75,230
2024 · €50,211
Working capital
€62,802▼ 41.2%
2024 · €106,792
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
Line20212022202320242025
Operating result€37,413▲ 1,103%-€1,155€133,429€73,921▼ 44.6%-€23,123
Net result-€32,777below the sector's middle half▲ 44.9%-€67,182below the sector's middle half▼ 105%€64,507above the sector's middle half€50,211above the sector's middle half▼ 22.2%-€75,230below the sector's middle half
Equity€273,421within the sector's middle half▼ 10.7%€206,239within the sector's middle half▼ 24.6%€206,695within the sector's middle half▲ 0.2%€229,545within the sector's middle half▲ 11.1%€154,315within the sector's middle half▼ 32.8%
Total assets€1.4mabove the sector's middle half▼ 4.6%€1.3mabove the sector's middle half▼ 7.1%€892,504within the sector's middle half▼ 29.3%€859,181within the sector's middle half▼ 3.7%€774,580within the sector's middle half▼ 9.8%
Debt€572,983▼ 3.5%€556,979▼ 2.8%€197,255▼ 64.6%€233,109▲ 18.2%€234,059▲ 0.4%
Working capital€8,480within the sector's middle half-€38,818within the sector's middle half€201,057above the sector's middle half€106,792within the sector's middle half▼ 46.9%€62,802within the sector's middle half▼ 41.2%
Solvency20.1%within the sector's middle half▼ 1.4pp16.3%within the sector's middle half▼ 3.8pp23.2%within the sector's middle half▲ 6.8pp26.7%within the sector's middle half▲ 3.6pp19.9%within the sector's middle half▼ 6.8pp
Current ratio1.04within the sector's middle half▲ 0.110.86within the sector's middle half▼ 0.172.80within the sector's middle half▲ 1.941.58within the sector's middle half▼ 1.221.28within the sector's middle half▼ 0.30
Return on assets (ROA)-2.4%below the sector's middle half▲ 1.8pp-5.3%below the sector's middle half▼ 2.9pp7.2%within the sector's middle half▲ 12.5pp5.8%within the sector's middle half▼ 1.4pp-9.7%below the sector's middle half▼ 15.6pp
Staff (FTE)21▼ 50.0%1=
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.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €23,123 after €73,921 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €774,580
Fixed assets
€487,162 ▼ 14.2%
Current assets
€287,418 ▼ 1.3%
Equity and liabilities €774,580
Equity
€154,315 ▼ 32.8%
Provisions
€386,206 ▼ 2.6%
Debt
€234,059 ▲ 0.4%
Debt's share of the balance-sheet total rises from 27.1% to 30.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€63,720▼
2024 · €156,342
Cash flow
€11,612▼
2024 · €132,633
Quick ratio
0.17▼
2024 · 0.19
Debt to equity
1.52▲
2024 · 1.02
ROE
-48.8%▼
2024 · 21.9%
Interest coverage
1.22▼
2024 · 2.79
Debt ≤ 1 year
€224,616▲
2024 · €184,476
Debt > 1 year
€9,443▼
2024 · €48,633
Income taxes
€424▼
2024 · €927
Staff costs
€58,757▲
2024 · €35,793
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 2,507 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €197,355 | - | - | - |
| Remuneration, social security and pensions62 | €30,835 | €38,508 | €39,879 | €35,793 | €58,757 | ▲ 64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91,289 | €97,253 | €104,110 | €82,421 | €86,842 | ▲ 5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€1,222 | -€260 | -€458 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€11,289 | -€12,631 | -€10,767 | -€92,027 | -€10,321 | ▲ 88.8% |
| Other operating charges640/8 | €7,891 | €8,211 | €12,007 | €8,147 | €8,354 | ▲ 2.5% |
| Gross operating margin9900 | €154,916 | €129,927 | €278,200 | €108,256 | €120,510 | ▲ 11.3% |
| Operating profit (loss)9901 | €37,413 | -€1,155 | €133,429 | €73,921 | -€23,123 | ▼ 131% |
| Financial income75/76B | €1,935 | €406 | €1,018 | €149 | €737 | ▲ 395% |
| Recurring financial income75 | €1,935 | €406 | €1,018 | €149 | €737 | ▲ 395% |
| Financial charges65/66B | €71,594 | €66,433 | €68,539 | €56,025 | €52,421 | ▼ 6.4% |
| Recurring financial charges65 | €71,594 | €66,433 | €68,539 | €56,025 | €52,421 | ▼ 6.4% |
| Profit (loss) for the period before taxes9903 | -€32,247 | -€67,182 | €65,908 | €18,045 | -€74,807 | ▼ 515% |
| Transfer from deferred taxes780 | - | - | - | €33,094 | - | - |
| Income taxes67/77 | €531 | - | €1,401 | €927 | €424 | ▼ 54.3% |
| Profit (loss) for the period9904 | -€32,777 | -€67,182 | €64,507 | €50,211 | -€75,230 | ▼ 250% |
| Profit (loss) for the period to be appropriated9905 | -€32,777 | -€67,182 | €64,507 | €50,211 | -€75,230 | ▼ 250% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.3m | €892,504 | €859,181 | €774,580 | ▼ 9.8% |
| Fixed assets21/28 | €1.1m | €1.0m | €579,838 | €567,913 | €487,162 | ▼ 14.2% |
| Intangible fixed assets21 | €92,729 | €79,482 | €82,782 | €128,418 | €105,574 | ▼ 17.8% |
| Tangible fixed assets22/27 | €1.0m | €940,542 | €496,436 | €438,876 | €380,969 | ▼ 13.2% |
| Land and buildings22 | €969,076 | €888,990 | €491,376 | €431,003 | €370,664 | ▼ 14.0% |
| Plant, machinery and equipment23 | €460 | €1,006 | €767 | €529 | €291 | ▼ 45.0% |
| Furniture and vehicles24 | €19,439 | €15,791 | €3,186 | €4,428 | €3,004 | ▼ 32.2% |
| Other tangible fixed assets26 | €35,980 | €34,755 | €1,107 | €2,915 | €7,011 | ▲ 140% |
| Financial fixed assets28 | €619 | €619 | €619 | €619 | €619 | = |
| Current assets29/58 | €240,051 | €241,896 | €312,666 | €291,268 | €287,418 | ▼ 1.3% |
| Stocks and contracts in progress3 | €232,407 | €229,574 | €253,048 | €255,452 | €249,807 | ▼ 2.2% |
| Stocks30/36 | €232,407 | €229,574 | €253,048 | €255,452 | €249,807 | ▼ 2.2% |
| Amounts receivable within one year40/41 | €7,645 | €8,912 | €6,441 | €15 | €12,189 | ▲ 81,055% |
| Trade receivables40 | - | €1,160 | - | - | - | - |
| Other amounts receivable41 | €7,645 | €7,752 | €6,441 | €15 | €12,189 | ▲ 81,055% |
| Cash at bank and in hand54/58 | - | - | €49,398 | €33,156 | €10,922 | ▼ 67.1% |
| Deferred charges and accrued income490/1 | - | €3,409 | €3,780 | €2,646 | €14,500 | ▲ 448% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.3m | €892,504 | €859,181 | €774,580 | ▼ 9.8% |
| Equity10/15 | €273,421 | €206,239 | €206,695 | €229,545 | €154,315 | ▼ 32.8% |
| Contributions10/11 | €134,690 | €134,690 | €134,690 | €134,690 | €134,690 | = |
| Outside capital11 | €134,690 | €134,690 | €134,690 | €134,690 | €134,690 | = |
| Other1109/19 | €134,690 | €134,690 | €134,690 | €134,690 | €134,690 | = |
| Revaluation surpluses12 | €265,304 | €265,304 | €68,434 | €68,434 | €68,434 | = |
| Reserves13 | €82,215 | €82,215 | €215,035 | €187,673 | €187,673 | = |
| Non-distributable reserves130/1 | €44,069 | €44,069 | €176,888 | €177,161 | €177,161 | = |
| Reserves not available under the articles1311 | €5,804 | €5,804 | €5,804 | €6,077 | €6,077 | = |
| Other1319 | €38,265 | €38,265 | €171,084 | €171,084 | €171,084 | = |
| Tax-exempt reserves132 | €33,094 | €33,094 | €33,094 | €5,459 | €5,459 | = |
| Distributable reserves133 | €5,053 | €5,053 | €5,053 | €5,053 | €5,053 | = |
| Profit (loss) carried forward14 | -€208,788 | -€275,970 | -€211,463 | -€161,252 | -€236,482 | ▼ 46.7% |
| Provisions and deferred taxes16 | €511,952 | €499,321 | €488,554 | €396,527 | €386,206 | ▼ 2.6% |
| Provisions for liabilities and charges160/5 | €511,952 | €499,321 | €488,554 | €396,527 | €386,206 | ▼ 2.6% |
| Pensions and similar obligations160 | €79,849 | €79,849 | €79,849 | - | - | - |
| Environmental obligations163 | €292,103 | €279,471 | €268,704 | €256,527 | €246,206 | ▼ 4.0% |
| Other liabilities and charges164/5 | €140,000 | €140,000 | €140,000 | €140,000 | €140,000 | = |
| Amounts payable17/49 | €572,983 | €556,979 | €197,255 | €233,109 | €234,059 | ▲ 0.4% |
| Amounts payable after more than one year17 | €341,412 | €276,265 | €85,645 | €48,633 | €9,443 | ▼ 80.6% |
| Financial debts170/4 | €341,412 | €276,265 | €85,645 | €48,633 | €9,443 | ▼ 80.6% |
| Amounts payable within one year42/48 | €231,571 | €280,714 | €111,610 | €184,476 | €224,616 | ▲ 21.8% |
| Current portion of amounts payable after more than one year42 | €61,876 | €65,371 | €34,957 | €37,013 | €39,190 | ▲ 5.9% |
| Financial debts43 | €36,097 | €45,382 | - | - | - | - |
| Credit institutions430/8 | €36,097 | €45,382 | - | - | - | - |
| Trade debts44 | €39,499 | €70,003 | €44,288 | €51,884 | €48,415 | ▼ 6.7% |
| Suppliers440/4 | €39,499 | €70,003 | €44,288 | €51,884 | €48,415 | ▼ 6.7% |
| Taxes, remuneration and social security45 | €29,051 | €27,754 | €17,692 | €22,155 | €23,342 | ▲ 5.4% |
| Taxes450/3 | €22,922 | €21,471 | €12,580 | €22,155 | €22,600 | ▲ 2.0% |
| Remuneration and social security454/9 | €6,129 | €6,282 | €5,112 | - | €741 | - |
| Other amounts payable47/48 | €65,049 | €72,204 | €14,672 | €73,425 | €113,670 | ▲ 54.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,777 | -€67,182 | €64,507 | €50,211 | -€75,230 | ▼ 250% |
| + Depreciation and write-downs630 | €91,289 | €97,253 | €104,110 | €82,421 | €86,842 | ▲ 5.4% |
| Operating cash flow (approximation) | €58,511 | €30,071 | €168,617 | €132,633 | €11,612 | ▼ 91.2% |
| Investment in fixed assets (approximation) | - | €408 | €336,695 | -€70,496 | -€6,092 | ▲ 91.4% |
| Change in cash | - | - | - | -€16,242 | -€22,233 | ▼ 36.9% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Back to profitnet €64,507
Net result €64,507 after 5 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.80
Current ratio from 0.86 to 2.80; short-term debt falls from €280,714 to €111,610.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
31-12
Financial
Weakest financial yearnet -€156,888
Net result drops to -€156,888, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
24-07
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 11 acts read
About the unread acts
We know of 11 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
11 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, Waterloo · 1 establishment unit since 1985
Ground area
1,273 m²
Building footprint
1,069 m²
Volume, LiDAR
12,507 m³
Parcel 25763L0424/00D000, Wallonia · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
143
companies at this address
See who is registered here
1 establishment unit
La Coquille d'Or
since 19852.027.050.075
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763L0424/00D000 | Wallonia | 1,273 m² | 1 · 1,069 m² | 13.0 m · 4 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.
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HY IMMO
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,393. 5,341 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-03-1985
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
47770Retail sale of watches and jewellery
46480Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427133065
Also
9925:BE0427133065
Registered
17-11-2025
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.