ANNEBEL
ActiveSummary
ANNEBEL has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82,939 and a net result of €14,110. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-1
Solvency73▼-27
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.97 against 4.65 in 2024; short-term debt: 50.8% and cash: 87.5% of total assets), but 52.1% of the assets are financed with debt.
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Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
47.9%
Return on assets
8.1%
Age of the figures
9 mo
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 05-03-2026, 148 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
148 d early
2024
132 d early
2023
77 d early
2022
130 d early
2021
111 d early
2020
30 d late
2019
31 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 77 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€82,939▼ 30.5%
2024 · €119,393
Total assets
€173,294▲ 12.9%
2024 · €153,484
Net result
€14,110▲ 4.0%
2024 · €13,563
Working capital
€85,083▼ 29.0%
2024 · €119,756
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€5,546€22,944▲ 314%€8,783▼ 61.7%€16,711▲ 90.3%€18,287▲ 9.4%
Net result€5,553€16,023▲ 189%€7,061▼ 55.9%€13,563▲ 92.1%€14,110▲ 4.0%
Equity€247,873▲ 2.0%€263,096▲ 6.1%€106,689▼ 59.4%€119,393▲ 11.9%€82,939▼ 30.5%
Total assets€271,658▲ 2.1%€300,932▲ 10.8%€135,776▼ 54.9%€153,484▲ 13.0%€173,294▲ 12.9%
Debt€23,785▲ 3.7%€37,837▲ 59.1%€29,086▼ 23.1%€34,092▲ 17.2%€90,354▲ 165%
Working capital€249,005▲ 4.0%€262,586▲ 5.5%€106,676▼ 59.4%€119,756▲ 12.3%€85,083▼ 29.0%
Staff (FTE)1▲ 233%1=0.4▼ 60.0%0.3▼ 25.0%0.3=
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2023 Equity -59%, Total assets -55% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €173,294
Fixed assets
€180 ▼ 80.3%
Current assets
€173,114 ▲ 13.5%
Equity and liabilities €173,294
Equity
€82,939 ▼ 30.5%
Debt
€90,354 ▲ 165%
Debt's share of the balance-sheet total rises from 22.2% to 52.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19,018▲
2024 · €17,589
Cash flow
€14,840▲
2024 · €14,441
Current ratio
1.97▼
2024 · 4.65
Quick ratio
1.76▼
2024 · 4.15
Debt to equity
1.09▲
2024 · 0.29
ROE
17.0%▲
2024 · 11.4%
ROA
8.1%▼
2024 · 8.8%
Interest coverage
13.98▲
2024 · 13.86
Debt ≤ 1 year
€88,031▲
2024 · €32,819
Income taxes
€6,058▲
2024 · €5,800
Staff costs
€13,934▼
2024 · €14,645
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 31,324 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €9,011 | €17,931 | €18,289 | €14,645 | €13,934 | ▼ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,713 | €698 | €878 | €878 | €731 | ▼ 16.8% |
| Other operating charges640/8 | €841 | €809 | €876 | €906 | €934 | ▲ 3.1% |
| Gross operating margin9900 | €20,111 | €42,382 | €28,826 | €33,139 | €33,886 | ▲ 2.3% |
| Operating profit (loss)9901 | €5,546 | €22,944 | €8,783 | €16,711 | €18,287 | ▲ 9.4% |
| Financial income75/76B | €1,582 | €2,266 | €2,529 | €3,921 | €3,241 | ▼ 17.4% |
| Recurring financial income75 | €1,582 | €2,266 | €2,529 | €3,921 | €3,241 | ▼ 17.4% |
| Financial charges65/66B | €502 | €484 | €782 | €1,269 | €1,360 | ▲ 7.2% |
| Recurring financial charges65 | €502 | €484 | €782 | €1,269 | €1,360 | ▲ 7.2% |
| Profit (loss) for the period before taxes9903 | €6,626 | €24,726 | €10,530 | €19,363 | €20,167 | ▲ 4.2% |
| Income taxes67/77 | €1,073 | €8,704 | €3,470 | €5,800 | €6,058 | ▲ 4.4% |
| Profit (loss) for the period9904 | €5,553 | €16,023 | €7,061 | €13,563 | €14,110 | ▲ 4.0% |
| Profit (loss) for the period to be appropriated9905 | €5,553 | €16,023 | €7,061 | €13,563 | €14,110 | ▲ 4.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €271,658 | €300,932 | €135,776 | €153,484 | €173,294 | ▲ 12.9% |
| Fixed assets21/28 | €442 | €2,666 | €1,788 | €910 | €180 | ▼ 80.3% |
| Tangible fixed assets22/27 | €442 | €2,666 | €1,788 | €910 | €180 | ▼ 80.3% |
| Furniture and vehicles24 | €442 | €2,666 | €1,788 | €910 | €180 | ▼ 80.3% |
| Current assets29/58 | €271,216 | €298,266 | €133,988 | €152,574 | €173,114 | ▲ 13.5% |
| Stocks and contracts in progress3 | €16,967 | €8,977 | €14,378 | €16,370 | €18,389 | ▲ 12.3% |
| Stocks30/36 | €16,967 | €8,977 | €14,378 | €16,370 | €18,389 | ▲ 12.3% |
| Amounts receivable within one year40/41 | €1,365 | €2,803 | €1,877 | €600 | €87 | ▼ 85.5% |
| Trade receivables40 | €650 | €2,803 | €1,346 | €600 | €87 | ▼ 85.5% |
| Other amounts receivable41 | €715 | €0 | €530 | €0 | - | - |
| Cash at bank and in hand54/58 | €250,086 | €283,494 | €114,679 | €133,051 | €151,705 | ▲ 14.0% |
| Deferred charges and accrued income490/1 | €2,798 | €2,992 | €3,053 | €2,553 | €2,933 | ▲ 14.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €271,658 | €300,932 | €135,776 | €153,484 | €173,294 | ▲ 12.9% |
| Equity10/15 | €247,873 | €263,096 | €106,689 | €119,393 | €82,939 | ▼ 30.5% |
| Contributions10/11 | €173,789 | €173,789 | €11,155 | €11,155 | €11,155 | = |
| Reserves13 | €74,084 | €89,306 | €95,534 | €108,238 | €71,784 | ▼ 33.7% |
| Non-distributable reserves130/1 | €18,123 | €18,123 | €0 | - | - | - |
| Reserves not available under the articles1311 | €18,123 | €18,123 | €0 | - | - | - |
| Distributable reserves133 | €55,961 | €71,184 | €95,534 | €108,238 | €71,784 | ▼ 33.7% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €23,785 | €37,837 | €29,086 | €34,092 | €90,354 | ▲ 165% |
| Amounts payable within one year42/48 | €22,211 | €35,681 | €27,311 | €32,819 | €88,031 | ▲ 168% |
| Trade debts44 | €1,866 | €2,137 | €1,779 | €2,589 | €1,227 | ▼ 52.6% |
| Suppliers440/4 | €1,866 | €2,137 | €1,779 | €2,589 | €1,227 | ▼ 52.6% |
| Taxes, remuneration and social security45 | €9,750 | €20,954 | €10,516 | €12,808 | €17,013 | ▲ 32.8% |
| Taxes450/3 | €6,593 | €15,605 | €8,257 | €10,912 | €11,877 | ▲ 8.9% |
| Remuneration and social security454/9 | €3,157 | €5,349 | €2,259 | €1,897 | €5,136 | ▲ 171% |
| Other amounts payable47/48 | €10,595 | €12,589 | €15,015 | €17,421 | €69,790 | ▲ 301% |
| Accrued charges and deferred income492/3 | €1,574 | €2,156 | €1,775 | €1,273 | €2,324 | ▲ 82.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,553 | €16,023 | €7,061 | €13,563 | €14,110 | ▲ 4.0% |
| + Depreciation and write-downs630 | €4,713 | €698 | €878 | €878 | €731 | ▼ 16.8% |
| Operating cash flow (approximation) | €10,266 | €16,721 | €7,938 | €14,441 | €14,840 | ▲ 2.8% |
| Investment in fixed assets (approximation) | - | -€2,922 | €0 | €0 | €0 | - |
| Change in cash | - | €33,409 | -€168,815 | €18,372 | €18,654 | ▲ 1.5% |
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
05-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €16,023 ▲189%
Operating result €22,944, net result €16,023, both a record.
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €5,553
Net result €5,553 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€182
Net result drops to -€182, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Londerzeel · 1 establishment unit since 1992
Ground area
461 m²
Building footprint
144 m²
Volume, LiDAR
936 m³
Parcel 23048E0088/00S002, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ANNEBEL
since 19922.058.803.422
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23048E0088/00S002 | Flanders | 461 m² | 1 · 144 m² | 9.9 m · 3 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.
Similar companies · same sector, comparable size
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FRAMATEX
BE 0443.021.368
La Hulpe · Eq €82,884
BOUTIQUE ANNE FRANCQ
BE 0478.292.548
Binche · Eq €83,039
NACHE NET
BE 0473.802.636
Anderlecht · Eq €83,098
UNI-FASHION
BE 1020.513.541
Sint-Genesius-Rode · Eq €82,740
Of 6,495 companies in sector 47716 we hold annual accounts for 2,439. 1,905 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
Founded10-08-1992
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47714Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448022511
Also
9925:BE0448022511
Registered
09-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.