ANNLIED
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 13-07-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is 7% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €31,800 | - | - | - |
| Depreciation and write-downs of the year | €1,900 | €7,950 | €7,950 | €7,950 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,900 | €7,950 | €7,950 | €7,950 | = |
| Other operating charges640/8 | €398 | €384 | €818 | €988 | ▲ 20.7% |
| Gross operating margin9900 | €188,623 | €267,347 | €329,415 | €350,982 | ▲ 6.5% |
| Operating profit (loss)9901 | €186,325 | €259,012 | €320,647 | €342,044 | ▲ 6.7% |
| Financial income75/76B | - | €1,500 | €9,036 | €15,667 | ▲ 73.4% |
| Recurring financial income75 | - | €1,500 | €9,036 | €15,667 | ▲ 73.4% |
| Financial charges65/66B | €1 | €2,061 | €4,525 | €1,566 | ▼ 65.4% |
| Recurring financial charges65 | €1 | €2,061 | €4,525 | €1,566 | ▼ 65.4% |
| Profit (loss) for the period before taxes9903 | €186,324 | €258,451 | €325,158 | €356,144 | ▲ 9.5% |
| Income taxes67/77 | €54,739 | €77,832 | €103,682 | €114,465 | ▲ 10.4% |
| Profit (loss) for the period9904 | €131,584 | €180,620 | €221,475 | €241,679 | ▲ 9.1% |
| Profit (loss) for the period to be appropriated9905 | €131,584 | €180,620 | €221,475 | €241,679 | ▲ 9.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €220,534 | €482,909 | €662,281 | €981,872 | ▲ 48.3% |
| Fixed assets21/28 | €29,900 | €21,950 | €14,000 | €6,050 | ▼ 56.8% |
| Tangible fixed assets22/27 | €29,900 | €21,950 | €14,000 | €6,050 | ▼ 56.8% |
| Furniture and vehicles24 | €29,900 | €21,950 | €14,000 | €6,050 | ▼ 56.8% |
| Current assets29/58 | €190,635 | €460,960 | €648,281 | €975,823 | ▲ 50.5% |
| Amounts receivable within one year40/41 | €130,424 | €122,380 | €144,052 | €106,723 | ▼ 25.9% |
| Trade receivables40 | €130,072 | €122,380 | €104,152 | €106,723 | ▲ 2.5% |
| Other amounts receivable41 | €352 | €0 | €39,900 | €0 | ▼ 100% |
| Current investments50/53 | - | €100,000 | €459,243 | €651,694 | ▲ 41.9% |
| Cash at bank and in hand54/58 | €60,211 | €235,385 | €39,189 | €213,265 | ▲ 444% |
| Deferred charges and accrued income490/1 | - | €3,196 | €5,797 | €4,141 | ▼ 28.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €220,534 | €482,909 | €662,281 | €981,872 | ▲ 48.3% |
| Equity10/15 | €132,584 | €313,204 | €534,679 | €776,358 | ▲ 45.2% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €131,584 | €312,204 | €533,679 | €775,358 | ▲ 45.3% |
| Distributable reserves133 | €131,584 | €312,204 | €533,679 | €775,358 | ▲ 45.3% |
| Amounts payable17/49 | €87,950 | €169,705 | €127,602 | €205,514 | ▲ 61.1% |
| Amounts payable within one year42/48 | €87,950 | €168,122 | €125,631 | €204,316 | ▲ 62.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €66,831 | - |
| Taxes, remuneration and social security45 | €54,739 | €133,138 | €104,188 | €135,248 | ▲ 29.8% |
| Taxes450/3 | €54,739 | €133,138 | €104,188 | €135,248 | ▲ 29.8% |
| Other amounts payable47/48 | €33,211 | €34,984 | €21,443 | €2,236 | ▼ 89.6% |
| Accrued charges and deferred income492/3 | - | €1,583 | €1,970 | €1,199 | ▼ 39.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €131,584 | €180,620 | €221,475 | €241,679 | ▲ 9.1% |
| + Depreciation and write-downs630 | €1,900 | €7,950 | €7,950 | €7,950 | = |
| Operating cash flow (approximation) | €133,485 | €188,570 | €229,425 | €249,629 | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €175,174 | -€196,196 | €174,076 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,127 companies had the same profile as ANNLIED has now. Two years later, 97.2% were still going and 0.8% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of ANNLIED itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,127 companies, not a prediction for ANNLIED. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.