Summary
ANNECO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €27.35M and a net result of €182k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 87% of 6157 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
65 d late
2022
71 d late
2021
68 d late
2020
8 d early
2019
63 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€27.35M▲ 0.7%
2023 · €27.17M
2018: €24.98Mlowest in 7 years
2019: €25.56M▲ +2.3% vs 2018
2020: €26.16M▲ +2.3% vs 2019
2021: €26.76M▲ +2.3% vs 2020
2022: €27.02M▲ +1.0% vs 2021
2023: €27.17M▲ +0.6% vs 2022
2024: €27.35M▲ +0.7% vs 2023highest in 7 years
2018 → 2024
Net result
€182k▲ 19.4%
2023 · €153k
2018: €2.17Mhighest in 7 years
2019: €586k▼ -73.0% vs 2018
2020: €600k▲ +2.4% vs 2019
2021: €597k▼ -0.5% vs 2020
2022: €257k▼ -57.0% vs 2021
2023: €153k▼ -40.5% vs 2022lowest in 7 years
2024: €182k▲ +19.4% vs 2023
2018 → 2024
Total assets
€29.65M▲ 0.4%
2023 · €29.53M
2018: €27.17Mlowest in 7 years
2019: €27.92M▲ +2.8% vs 2018
2020: €29.37M▲ +5.2% vs 2019
2021: €28.96M▼ -1.4% vs 2020
2022: €29.25M▲ +1.0% vs 2021
2023: €29.53M▲ +1.0% vs 2022
2024: €29.65M▲ +0.4% vs 2023highest in 7 years
2018 → 2024
Solvency
92.2%▲ 0.2pp
2023 · 92.0%
2018: 91.9%
2019: 91.5%▼ -0.4% vs 2018
2020: 89.1%▼ -2.7% vs 2019lowest in 7 years
2021: 92.4%▲ +3.7% vs 2020highest in 7 years
2022: 92.4%● -0.0% vs 2021
2023: 92.0%▼ -0.4% vs 2022
2024: 92.2%▲ +0.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€26.16M-€26.76M▲ 2.3%€27.02M▲ 1.0%€27.17M▲ 0.6%€27.35M▲ 0.7%
2020: €26.16Mlowest in 5 years
2021: €26.76M▲ +2.3% vs 2020
2022: €27.02M▲ +1.0% vs 2021
2023: €27.17M▲ +0.6% vs 2022
2024: €27.35M▲ +0.7% vs 2023highest in 5 years
Operating result€874k-€915k▲ 4.8%€458k▼ 50.0%€333k▼ 27.2%€403k▲ 21.1%
2020: €874k
2021: €915k▲ +4.8% vs 2020highest in 5 years
2022: €458k▼ -50.0% vs 2021
2023: €333k▼ -27.2% vs 2022lowest in 5 years
2024: €403k▲ +21.1% vs 2023
Net result€600k-€597k▼ 0.5%€257k▼ 57.0%€153k▼ 40.5%€182k▲ 19.4%
2020: €600khighest in 5 years
2021: €597k▼ -0.5% vs 2020
2022: €257k▼ -57.0% vs 2021
2023: €153k▼ -40.5% vs 2022lowest in 5 years
2024: €182k▲ +19.4% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 21% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €29.65M
Fixed assets
€15.54M ▼ 0.4%
Current assets
€14.11M ▲ 1.3%
Equity and liabilities €29.65M
Equity
€27.35M ▲ 0.7%
Debt
€2.30M ▼ 2.7%
Debt's share of the balance-sheet total falls from 8.0% to 7.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.7%▲
2023 · 0.6%
ROA
0.6%▲
2023 · 0.5%
Debt ≤ 1 year
€2.30M▼
2023 · €2.36M
Income taxes
€65k▲
2023 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€29.53M€29.65M▲
Fixed assets21/28€15.60M€15.54M▼
Tangible fixed assets22/27€2.60M€2.54M▼
Land and buildings22€2.54M€2.49M▼
Furniture and vehicles24€61k€49k▼
Financial fixed assets28€13.00M€13.00M=
Current assets29/58€13.93M€14.11M▲
Amounts receivable within one year40/41€459k€251k▼
Other amounts receivable41€459k€251k▼
Current investments50/53€1.02M€1.02M=
Cash at bank and in hand54/58€12.45M€12.85M▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€29.53M€29.65M▲
Equity10/15€27.17M€27.35M▲
Contributions10/11€14.60M€14.60M=
Capital10€14.60M€14.60M=
Issued capital100€14.60M€14.60M=
Reserves13€12.57M€12.75M▲
Non-distributable reserves130/1€560k€570k▲
Legal reserve130€560k€570k▲
Distributable reserves133€12.01M€12.18M▲
Amounts payable17/49€2.36M€2.30M▼
Amounts payable within one year42/48€2.36M€2.30M▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€157k€114k▼
Taxes450/3€157k€114k▼
Other amounts payable47/48€2.20M€2.19M▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80k€79k▼
Other operating charges640/8€13k€9k▼
Gross operating margin9900€425k€491k▲
Operating profit (loss)9901€333k€403k▲
Financial income75/76B€13€15k▲
Recurring financial income75€13€15k▲
Financial charges65/66B€122k€171k▲
Recurring financial charges65€122k€171k▲
Profit (loss) for the period before taxes9903€211k€247k▲
Income taxes67/77€58k€65k▲
Profit (loss) for the period9904€153k€182k▲
Profit (loss) for the period to be appropriated9905€153k€182k▲
Appropriation of the result
Profit (loss) to be appropriated9906€153k€182k▲
Transfer to equity691/2€153k€182k▲
To the legal reserve6920€10k€10k=
To other reserves6921€143k€172k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56k | €71k | €80k | €80k | €79k | ▼ 0.8% |
| Other operating charges640/8 | - | €36k | €15k | €13k | €9k | ▼ 29.3% |
| Gross operating margin9900 | €944k | €1.02M | €553k | €425k | €491k | ▲ 15.5% |
| Operating profit (loss)9901 | €874k | €915k | €458k | €333k | €403k | ▲ 21.1% |
| Financial income75/76B | - | €0 | €1.50M | €13 | €15k | ▲ 112,676% |
| Recurring financial income75 | €6k | €0 | €1.50M | €13 | €15k | ▲ 112,676% |
| Financial charges65/66B | - | €104k | €1.61M | €122k | €171k | ▲ 40.3% |
| Recurring financial charges65 | €79k | €104k | €1.61M | €122k | €171k | ▲ 40.3% |
| Profit (loss) for the period before taxes9903 | €801k | €811k | €349k | €211k | €247k | ▲ 17.2% |
| Income taxes67/77 | €201k | €214k | €93k | €58k | €65k | ▲ 11.3% |
| Profit (loss) for the period9904 | €600k | €597k | €257k | €153k | €182k | ▲ 19.4% |
| Profit (loss) for the period to be appropriated9905 | €600k | €597k | €257k | €153k | €182k | ▲ 19.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29.37M | €28.96M | €29.25M | €29.53M | €29.65M | ▲ 0.4% |
| Fixed assets21/28 | €17.76M | €17.26M | €15.68M | €15.60M | €15.54M | ▼ 0.4% |
| Tangible fixed assets22/27 | €3.26M | €2.76M | €2.68M | €2.60M | €2.54M | ▼ 2.4% |
| Land and buildings22 | - | €2.65M | €2.59M | €2.54M | €2.49M | ▼ 2.0% |
| Furniture and vehicles24 | - | €115k | €88k | €61k | €49k | ▼ 19.5% |
| Financial fixed assets28 | €14.50M | €14.50M | €13.00M | €13.00M | €13.00M | = |
| Current assets29/58 | €11.61M | €11.69M | €13.56M | €13.93M | €14.11M | ▲ 1.3% |
| Amounts receivable within one year40/41 | €30k | €124k | €883k | €459k | €251k | ▼ 45.4% |
| Trade receivables40 | - | €114k | - | - | - | - |
| Other amounts receivable41 | - | €9k | €883k | €459k | €251k | ▼ 45.4% |
| Current investments50/53 | €5.79M | €1.02M | €1.02M | €1.02M | €1.02M | = |
| Cash at bank and in hand54/58 | €5.80M | €10.55M | €11.66M | €12.45M | €12.85M | ▲ 3.2% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29.37M | €28.96M | €29.25M | €29.53M | €29.65M | ▲ 0.4% |
| Equity10/15 | €26.16M | €26.76M | €27.02M | €27.17M | €27.35M | ▲ 0.7% |
| Contributions10/11 | €14.60M | €14.60M | €14.60M | €14.60M | €14.60M | = |
| Capital10 | - | €14.60M | €14.60M | €14.60M | €14.60M | = |
| Issued capital100 | - | €14.60M | €14.60M | €14.60M | €14.60M | = |
| Reserves13 | €11.56M | €12.16M | €12.42M | €12.57M | €12.75M | ▲ 1.5% |
| Non-distributable reserves130/1 | - | €530k | €550k | €560k | €570k | ▲ 1.8% |
| Legal reserve130 | - | €530k | €550k | €560k | €570k | ▲ 1.8% |
| Distributable reserves133 | - | €11.63M | €11.87M | €12.01M | €12.18M | ▲ 1.4% |
| Amounts payable17/49 | €3.20M | €2.20M | €2.23M | €2.36M | €2.30M | ▼ 2.7% |
| Amounts payable within one year42/48 | €3.20M | €2.20M | €2.23M | €2.36M | €2.30M | ▼ 2.7% |
| Trade debts44 | €200 | €3k | €1k | €2k | €1k | ▼ 41.3% |
| Suppliers440/4 | - | €3k | €1k | €2k | €1k | ▼ 41.3% |
| Taxes, remuneration and social security45 | - | €143k | €88k | €157k | €114k | ▼ 27.5% |
| Taxes450/3 | - | €143k | €88k | €157k | €114k | ▼ 27.5% |
| Other amounts payable47/48 | - | €2.05M | €2.14M | €2.20M | €2.19M | ▼ 0.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €600k | €597k | €257k | €153k | €182k | ▲ 19.4% |
| + Depreciation and write-downs630 | €56k | €71k | €80k | €80k | €79k | ▼ 0.8% |
| Operating cash flow (approximation) | €656k | €668k | €336k | €232k | €261k | ▲ 12.5% |
| Investment in fixed assets (approximation) | - | €421k | €1.50M | €0 | €-16k | - |
| Change in cash | - | €4.75M | €1.11M | €790k | €393k | ▼ 50.2% |
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
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
2023
31-12
Financial
Weakest financial yearnet €153k ▼40.5%
Net result drops to €153k, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 68 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €25MEq €25.56M ▲2.3%
2 profitable years in a row build equity to €25.56M.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
28-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
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.
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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, Knokke-Heist · 1 establishment unit since 2003
Ground area
1,039 m²
Building footprint
392 m²
Volume, LiDAR
4,995 m³
Parcel 31332E1006/00A000, Flanders · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
ANNECO
since 20032.133.769.475
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E1006/00A000 | Flanders | 1,039 m² | 1 · 392 m² | 17.4 m · 5 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.
Recognitions · licences · registrations
Legal Entity Identifier
8755007K702315VCN036
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 3,677 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
Founded31-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.