ANOVA
ActiveSummary
ANOVA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €312,944 and a net result of €9,992. Equity is shrinking by ~4.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
short-term debt: 0.3% and cash: 10.1% of total assets, and 14.2% of the assets are financed with debt.
Credit check for your own amount and term
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Signals
Five 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
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
85.8%
Return on assets
2.7%
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
29 d early
2023
29 d early
2022
28 d late
2021
48 d early
2020
36 d early
2019
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 28 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€312,944▲ 3.3%
2024 · €302,952
Total assets
€364,889▼ 1.1%
2024 · €368,970
Net result
€9,992▲ 63.5%
2024 · €6,111
Working capital
€144,740▲ 12.0%
2024 · €129,246
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-€14,833▼ 314%-€30,553▼ 106%-€15,587▲ 49.0%€5,887€8,588▲ 45.9%
Net result-€14,960▼ 308%-€30,683▼ 105%-€15,720▲ 48.8%€6,111€9,992▲ 63.5%
Equity€343,244▼ 4.2%€312,561▼ 8.9%€296,841▼ 5.0%€302,952▲ 2.1%€312,944▲ 3.3%
Total assets€444,199▼ 6.0%€404,487▼ 8.9%€375,541▼ 7.2%€368,970▼ 1.7%€364,889▼ 1.1%
Debt€100,955▼ 11.9%€91,925▼ 8.9%€78,700▼ 14.4%€66,018▼ 16.1%€51,945▼ 21.3%
Working capital€156,207€122,952▼ 21.3%€129,246▲ 5.1%€144,740▲ 12.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 46% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €364,889
Fixed assets
€219,050 ▼ 8.3%
Current assets
€145,839 ▲ 12.0%
Equity and liabilities €364,889
Equity
€312,944 ▲ 3.3%
Debt
€51,945 ▼ 21.3%
Debt's share of the balance-sheet total falls from 17.9% to 14.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31,248▲
2024 · €27,990
Cash flow
€32,653▲
2024 · €28,214
Debt to equity
0.17▼
2024 · 0.22
ROE
3.2%▲
2024 · 2.0%
ROA
2.7%▲
2024 · 1.7%
Interest coverage
338.55▲
2024 · 96.28
Debt ≤ 1 year
€1,099▲
2024 · €934
Debt > 1 year
€50,434▼
2024 · €65,084
Income taxes
€72▲
2024 · -€72
A ratio outside any meaningful range has been withheld (balance sheet total €364,889, equity €312,944).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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% | 1.7% |
| 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 75% 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 17,027 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,631 | €26,325 | €21,104 | €22,103 | €22,660 | ▲ 2.5% |
| Other operating charges640/8 | €152 | €196 | €126 | €564 | €582 | ▲ 3.3% |
| Gross operating margin9900 | €8,950 | -€4,031 | €5,642 | €28,554 | €31,830 | ▲ 11.5% |
| Operating profit (loss)9901 | -€14,833 | -€30,553 | -€15,587 | €5,887 | €8,588 | ▲ 45.9% |
| Financial income75/76B | - | - | - | €442 | €1,569 | ▲ 255% |
| Recurring financial income75 | - | - | - | €442 | €1,569 | ▲ 255% |
| Financial charges65/66B | €128 | €130 | €133 | €291 | €92 | ▼ 68.3% |
| Recurring financial charges65 | €128 | €130 | €133 | €291 | €92 | ▼ 68.3% |
| Profit (loss) for the period before taxes9903 | -€14,960 | -€30,683 | -€15,720 | €6,039 | €10,064 | ▲ 66.7% |
| Income taxes67/77 | - | - | - | -€72 | €72 | ▲ 200% |
| Profit (loss) for the period9904 | -€14,960 | -€30,683 | -€15,720 | €6,111 | €9,992 | ▲ 63.5% |
| Profit (loss) for the period to be appropriated9905 | -€14,960 | -€30,683 | -€15,720 | €6,111 | €9,992 | ▲ 63.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €444,199 | €404,487 | €375,541 | €368,970 | €364,889 | ▼ 1.1% |
| Fixed assets21/28 | €248,009 | €246,677 | €250,776 | €238,790 | €219,050 | ▼ 8.3% |
| Tangible fixed assets22/27 | €246,969 | €245,637 | €249,736 | €238,551 | €218,010 | ▼ 8.6% |
| Land and buildings22 | €226,546 | €227,305 | €233,494 | €224,399 | €203,954 | ▼ 9.1% |
| Other tangible fixed assets26 | €20,423 | €18,333 | €16,242 | €14,152 | €14,057 | ▼ 0.7% |
| Financial fixed assets28 | €1,040 | €1,040 | €1,040 | €240 | €1,040 | ▲ 334% |
| Current assets29/58 | €196,190 | €157,809 | €124,766 | €130,180 | €145,839 | ▲ 12.0% |
| Amounts receivable within one year40/41 | €26,300 | €25,872 | €65 | €15,144 | €15,470 | ▲ 2.2% |
| Trade receivables40 | - | €1,000 | €65 | - | - | - |
| Other amounts receivable41 | €26,300 | €24,872 | - | €15,144 | €15,470 | ▲ 2.2% |
| Current investments50/53 | €25,647 | €25,647 | €25,647 | €85,647 | €85,647 | = |
| Cash at bank and in hand54/58 | €144,243 | €105,463 | €91,507 | €21,597 | €36,786 | ▲ 70.3% |
| Deferred charges and accrued income490/1 | - | €827 | €7,546 | €7,791 | €7,935 | ▲ 1.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €444,199 | €404,487 | €375,541 | €368,970 | €364,889 | ▼ 1.1% |
| Equity10/15 | €343,244 | €312,561 | €296,841 | €302,952 | €312,944 | ▲ 3.3% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €40,197 | €40,197 | €40,197 | €40,197 | €40,197 | = |
| Non-distributable reserves130/1 | €40,197 | €40,197 | €34,000 | €34,000 | €34,000 | = |
| Reserves not available under the articles1311 | €6,197 | €6,197 | - | - | - | - |
| Other1319 | €34,000 | €34,000 | €34,000 | €34,000 | €34,000 | = |
| Distributable reserves133 | - | - | €6,197 | €6,197 | €6,197 | = |
| Profit (loss) carried forward14 | €241,073 | €210,391 | €194,670 | €200,781 | €210,773 | ▲ 5.0% |
| Amounts payable17/49 | €100,955 | €91,925 | €78,700 | €66,018 | €51,945 | ▼ 21.3% |
| Amounts payable after more than one year17 | €100,955 | €90,323 | €76,887 | €65,084 | €50,434 | ▼ 22.5% |
| Financial debts170/4 | €100,955 | €90,323 | €76,887 | €65,084 | €47,376 | ▼ 27.2% |
| Other amounts payable178/9 | - | - | - | - | €3,058 | - |
| Amounts payable within one year42/48 | - | €1,602 | €1,813 | €934 | €1,099 | ▲ 17.7% |
| Trade debts44 | - | €1,602 | €728 | €934 | €1,099 | ▲ 17.7% |
| Suppliers440/4 | - | €1,602 | €728 | €934 | €1,099 | ▲ 17.7% |
| Other amounts payable47/48 | - | - | €1,085 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €413 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,960 | -€30,683 | -€15,720 | €6,111 | €9,992 | ▲ 63.5% |
| + Depreciation and write-downs630 | €23,631 | €26,325 | €21,104 | €22,103 | €22,660 | ▲ 2.5% |
| Operating cash flow (approximation) | €8,670 | -€4,357 | €5,384 | €28,214 | €32,653 | ▲ 15.7% |
| Investment in fixed assets (approximation) | - | -€24,994 | -€25,202 | -€10,118 | -€2,920 | ▲ 71.1% |
| Change in cash | - | -€38,780 | -€13,956 | -€69,910 | €15,189 | ▲ 122% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6,111
Net result €6,111 after 5 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 139.42
Current ratio from 68.81 to 139.42; short-term debt falls from €1,813 to €934.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet -€30,683
Net result drops to -€30,683, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 7current ratio 81.72
Current ratio from 11.84 to 81.72; short-term debt falls from €19,695 to €2,717.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 11.84
Current ratio from 5.80 to 11.84; short-term debt falls from €47,616 to €19,695.
Show earlier events
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ottignies-Louvain-la-Neuve
Ground area
379 m²
Building footprint
110 m²
Volume, LiDAR
968 m³
Parcel 25385B0001/05R000, Wallonia · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25385B0001/05R000 | Wallonia | 379 m² | 1 · 110 m² | 12.1 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded10-07-1998
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463809557
Also
9925:BE0463809557
Registered
04-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.