Annell
ActiveAnnell has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187k and a net result of €-130k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 28% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
17
/ 100
Critical▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency37▼-24
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.24 against 1.44 in 2024), and 77.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€130k
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
48 d early
2023
48 d early
2022
59 d early
2021
59 d early
2020
47 d early
2019
52 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€187k▼ 41.0%
2024 · €317k
2018: €159k
2019: €199k
2020: €326k
2021: €398k
2022: €384k
2023: €357k
2024: €317k
2018 → 2025
Total assets
€833k▼ 15.0%
2024 · €980k
2018: €1.02M
2019: €1.03M
2020: €894k
2021: €1.19M
2022: €1.03M
2023: €1.10M
2024: €980k
2018 → 2025
Net result
€-130k▼ 222%
2024 · €-40k
2018: €524
2019: €39k
2020: €128k
2021: €72k
2022: €-14k
2023: €-27k
2024: €-40k
2018 → 2025
Working capital
€151k▼ 44.0%
2024 · €270k
2018: €116k
2019: €159k
2020: €289k
2021: €308k
2022: €305k
2023: €294k
2024: €270k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€398k-€384k▼ 3.6%€357k▼ 7.0%€317k▼ 11.3%€187k▼ 41.0%
Operating result€106k-€7k▼ 93.9%€536▼ 91.8%€-16k€-106k▼ 543%
Net result€72k-€-14k€-27k▼ 89.8%€-40k▼ 49.5%€-130k▼ 222%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €106k in 2025 against €16k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €833k
Fixed assets
€61k▼ 36.7%
Current assets
€772k▼ 12.6%
Equity and liabilities €833k
Equity
€187k▼ 41.0%
Debt
€646k▼ 2.6%
The debt ratio rises from 67.7% to 77.6%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-70k▼
2024 · €19k
Cash flow
€-95k▼
2024 · €-5k
Solvency
22.4%▼
2024 · 32.3%
Current ratio
1.24▼
2024 · 1.44
Quick ratio
0.32▲
2024 · 0.30
Debt / equity
3.46▲
2024 · 2.09
ROE
-69.6%▼
2024 · -12.7%
ROA
-15.6%▼
2024 · -4.1%
Interest coverage
-2.90▼
2024 · 0.77
Debt
€646k▼
2024 · €663k
Debt ≤ 1 year
€621k▲
2024 · €614k
Debt > 1 year
€12k▼
2024 · €35k
Income taxes
€1k▼
2024 · €2k
Staff costs
€107k▲
2024 · €103k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€980k€833k▼
Fixed assets21/28€96k€61k▼
Tangible fixed assets22/27€96k€61k▼
Plant, machinery and equipment23€8k€3k▼
Furniture and vehicles24€57k€32k▼
Other tangible fixed assets26€32k€26k▼
Current assets29/58€884k€772k▼
Stocks and contracts in progress3€702k€576k▼
Stocks30/36€702k€576k▼
Amounts receivable within one year40/41€141k€102k▼
Trade receivables40€141k€102k▼
Other amounts receivable41€187€49▼
Cash at bank and in hand54/58€36k€89k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€980k€833k▼
Equity10/15€317k€187k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€255k€125k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€249k€119k▼
Amounts payable17/49€663k€646k▼
Amounts payable after more than one year17€35k€12k▼
Financial debts170/4€35k€12k▼
Amounts payable within one year42/48€614k€621k▲
Current portion of amounts payable after more than one year42€24k€23k▼
Trade debts44€126k€139k▲
Suppliers440/4€126k€139k▲
Taxes, remuneration and social security45€26k€24k▼
Taxes450/3€6k€3k▼
Remuneration and social security454/9€20k€21k▲
Other amounts payable47/48€438k€434k▼
Accrued charges and deferred income492/3€14k€13k▼
Income statement
Code20242025
Non-recurring operating income76A€15k€0▼
Remuneration, social security and pensions62€103k€107k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€35k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€-2k▼
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€0€5k▲
Gross operating margin9900€127k€42k▼
Operating profit (loss)9901€-16k€-106k▼
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€25k€24k▼
Recurring financial charges65€25k€24k▼
Profit (loss) for the period before taxes9903€-39k€-129k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€-40k€-130k▼
Profit (loss) for the period to be appropriated9905€-40k€-130k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-130k▼
Transfer from equity791/2€40k€130k▲
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-130k
Net result drops to €-130k, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €128k ▲225%
Operating result €190k, net result €128k, both a record.
31-12
Financial
Equity above €200kEq €326k ▲64.2%
3 profitable years in a row build equity to €326k.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
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.
Directors · office · real estate
Directors
6 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, Arendonk · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hoge Mauw 5602370 ArendonkGround area
7,119 m²
Building footprint
1,215 m²
Volume, LiDAR
6,531 m³
Parcel 13322C1283/00B000, Flanders · tallest building 13.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ANNELL
since 19972.067.586.573
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13322C1283/00B000 | Flanders | 7,119 m² | 1 · 1,215 m² | 13.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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CAP'N CRUNCH
BE 0870.971.611
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LABELS INC.
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VAMUTEX
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Of 683 companies in sector 46412 we hold annual accounts for 512. 406 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-07-1994
Fiscal year end31-12
Activities, NACEBEL
46412Wholesale of household textiles and bedding
51410
47512Retail sale of household textiles and bedding
52410
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.