ANSA
ActiveSummary
ANSA has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.4m and a net result of €560,237. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 69% of 3210 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-53
Solvency99▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,050,000 at 30 days acceptable
Liquidity ample (current ratio 2.59 against 2.92 in 2024; short-term debt: 14.9% and cash: 4.9% of total assets), and 25.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
74.3%
Return on assets
2.9%
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
29 d late
2023
117 d early
2022
5 d early
2021
109 d early
2020
39 d early
2019
57 d early
← 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 45 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€560,237▼ 84.4%
2024 · €3.6m
Working capital
€4.6m▼ 18.8%
2024 · €5.7m
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€54,170▲ 17.6%€103,496▲ 91.1%-€32,125€4.7m€211,147▼ 95.5%
Net result€242,877▲ 27.2%€282,219▲ 16.2%€131,149▼ 53.5%€3.6m▲ 2,636%€560,237▼ 84.4%
Equity€9.3m▲ 2.7%€9.6m▲ 3.0%€9.7m▲ 1.4%€13.8m▲ 42.2%€14.4m▲ 4.1%
Total assets€11.6m▲ 2.6%€11.8m▲ 1.7%€13.0m▲ 10.4%€18.9m▲ 45.3%€19.4m▲ 2.6%
Debt€2.3m▲ 2.1%€2.2m▼ 3.6%€3.3m▲ 50.4%€3.9m▲ 19.0%€3.8m▼ 1.7%
Working capital€4.4m▲ 10.4%€4.9m▲ 10.2%€3.8m▼ 21.6%€5.7m▲ 47.7%€4.6m▼ 18.8%
Staff (FTE)00
Why a figure moved sharply
- 2025 Net result -84% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
- 2024 Net result +2,636% on 2023. Cause not known from the registers.
- 2023 Net result -54% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.4m
Fixed assets
€11.9m ▲ 15.7%
Current assets
€7.5m ▼ 13.1%
Equity and liabilities €19.4m
Equity
€14.4m ▲ 4.1%
Provisions
€1.2m ▼ 0.9%
Debt
€3.8m ▼ 1.7%
Debt's share of the balance-sheet total falls from 20.6% to 19.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€426,552▼
2024 · €4.8m
Cash flow
€775,642▼
2024 · €3.8m
Current ratio
2.59▼
2024 · 2.92
Debt to equity
0.27▼
2024 · 0.28
ROE
3.9%▼
2024 · 26.0%
ROA
2.9%▼
2024 · 19.0%
Interest coverage
2.11▼
2024 · 22.07
Debt ≤ 1 year
€2.9m▼
2024 · €3.0m
Debt > 1 year
€660,954=
2024 · €660,954
Income taxes
€831▼
2024 · €857
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,832 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.1%
went bankrupt
2.0%
stopped otherwise
98%
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 0.1% 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 1,832 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 | €170,145 | €162,938 | €322,824 | €192,108 | €215,405 | ▲ 12.1% |
| Other operating charges640/8 | €36,120 | €34,363 | €35,768 | €100,828 | €45,840 | ▼ 54.5% |
| Non-recurring operating charges66A | - | - | - | €1,236 | €885 | ▼ 28.4% |
| Gross operating margin9900 | €260,436 | €300,797 | €326,466 | €4.9m | €473,278 | ▼ 90.4% |
| Operating profit (loss)9901 | €54,170 | €103,496 | -€32,125 | €4.7m | €211,147 | ▼ 95.5% |
| Financial income75/76B | €249,874 | €239,550 | €244,673 | €276,030 | €541,474 | ▲ 96.2% |
| Recurring financial income75 | €249,874 | €239,550 | €244,673 | €276,030 | €248,481 | ▼ 10.0% |
| Non-recurring financial income76B | - | - | - | - | €292,993 | - |
| Financial charges65/66B | €60,701 | €60,352 | €80,777 | €219,644 | €202,560 | ▼ 7.8% |
| Recurring financial charges65 | €60,701 | €60,352 | €80,777 | €219,644 | €202,560 | ▼ 7.8% |
| Profit (loss) for the period before taxes9903 | €243,343 | €282,694 | €131,771 | €4.7m | €550,061 | ▼ 88.3% |
| Transfer from deferred taxes780 | - | - | - | €4,094 | €11,007 | ▲ 169% |
| Transfer to deferred taxes680 | - | - | - | €1.1m | €0 | ▼ 100% |
| Income taxes67/77 | €466 | €474 | €622 | €857 | €831 | ▼ 3.1% |
| Profit (loss) for the period9904 | €242,877 | €282,219 | €131,149 | €3.6m | €560,237 | ▼ 84.4% |
| Transfer from tax-exempt reserves789 | - | - | - | €12,282 | €28,708 | ▲ 134% |
| Transfer to tax-exempt reserves689 | - | - | - | €3.4m | €292,993 | ▼ 91.3% |
| Profit (loss) for the period to be appropriated9905 | €242,877 | €282,219 | €131,149 | €220,057 | €295,952 | ▲ 34.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.6m | €11.8m | €13.0m | €18.9m | €19.4m | ▲ 2.6% |
| Fixed assets21/28 | €5.3m | €5.1m | €6.3m | €10.3m | €11.9m | ▲ 15.7% |
| Tangible fixed assets22/27 | €3.0m | €2.8m | €4.1m | €8.0m | €9.3m | ▲ 16.0% |
| Land and buildings22 | €3.0m | €2.8m | €4.1m | €7.3m | €7.8m | ▲ 7.5% |
| Furniture and vehicles24 | €10,144 | €3,987 | €2,430 | €6,459 | €4,301 | ▼ 33.4% |
| Assets under construction and advance payments27 | - | - | - | €735,405 | €1.5m | ▲ 99.8% |
| Financial fixed assets28 | €2.3m | €2.3m | €2.3m | €2.3m | €2.6m | ▲ 14.9% |
| Current assets29/58 | €6.3m | €6.7m | €6.7m | €8.6m | €7.5m | ▼ 13.1% |
| Amounts receivable after more than one year29 | €5.1m | €5.1m | €5.1m | €2.9m | €2.9m | = |
| Other amounts receivable291 | €5.1m | €5.1m | €5.1m | €2.9m | €2.9m | = |
| Amounts receivable within one year40/41 | €94,280 | €158,885 | €138,042 | €459,438 | €151,359 | ▼ 67.1% |
| Trade receivables40 | €94,280 | €158,885 | €136,328 | €402,215 | €84,758 | ▼ 78.9% |
| Other amounts receivable41 | - | - | €1,715 | €57,223 | €66,601 | ▲ 16.4% |
| Current investments50/53 | €311,686 | €361,686 | €420,231 | €4.5m | €3.5m | ▼ 23.2% |
| Cash at bank and in hand54/58 | €457,501 | €655,261 | €520,701 | €681,860 | €946,341 | ▲ 38.8% |
| Deferred charges and accrued income490/1 | €335,248 | €385,774 | €498,728 | €91,898 | €53,173 | ▼ 42.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.6m | €11.8m | €13.0m | €18.9m | €19.4m | ▲ 2.6% |
| Equity10/15 | €9.3m | €9.6m | €9.7m | €13.8m | €14.4m | ▲ 4.1% |
| Contributions10/11 | €6.0m | €6.0m | €6.0m | €6.2m | €6.2m | = |
| Capital10 | €6.0m | €6.0m | €6.0m | €6.2m | €6.2m | = |
| Issued capital100 | €6.0m | €6.0m | €6.0m | €6.2m | €6.2m | = |
| Outside capital11 | - | - | - | €351 | €351 | = |
| Share premium1100/10 | - | - | - | €351 | €351 | = |
| Reserves13 | €305,419 | €319,530 | €326,088 | €4.2m | €4.5m | ▲ 6.6% |
| Non-distributable reserves130/1 | €305,419 | €319,530 | €326,088 | €553,057 | €567,854 | ▲ 2.7% |
| Legal reserve130 | €305,419 | €319,530 | €326,088 | €553,057 | €567,854 | ▲ 2.7% |
| Tax-exempt reserves132 | - | - | - | €3.5m | €3.8m | ▲ 7.5% |
| Distributable reserves133 | - | - | - | €166,270 | €166,270 | = |
| Profit (loss) carried forward14 | €3.0m | €3.3m | €3.4m | €3.4m | €3.7m | ▲ 8.3% |
| Provisions and deferred taxes16 | - | - | - | €1.2m | €1.2m | ▼ 0.9% |
| Deferred taxes168 | - | - | - | €1.2m | €1.2m | ▼ 0.9% |
| Amounts payable17/49 | €2.3m | €2.2m | €3.3m | €3.9m | €3.8m | ▼ 1.7% |
| Amounts payable after more than one year17 | €313,980 | €313,980 | €313,980 | €660,954 | €660,954 | = |
| Financial debts170/4 | €313,980 | €313,980 | €313,980 | €660,954 | €660,954 | = |
| Amounts payable within one year42/48 | €1.9m | €1.8m | €2.9m | €3.0m | €2.9m | ▼ 2.2% |
| Financial debts43 | - | €84 | €185 | €1,867 | €1,625 | ▼ 13.0% |
| Credit institutions430/8 | - | €84 | €185 | €1,867 | €1,625 | ▼ 13.0% |
| Trade debts44 | €32,088 | €1,718 | €33,750 | €226,021 | €4,375 | ▼ 98.1% |
| Suppliers440/4 | €32,088 | €1,718 | €33,750 | €226,021 | €4,375 | ▼ 98.1% |
| Taxes, remuneration and social security45 | €5,597 | €8,847 | €10,634 | €14,952 | €64,675 | ▲ 333% |
| Taxes450/3 | €5,597 | €8,847 | €10,634 | €14,952 | €64,675 | ▲ 333% |
| Other amounts payable47/48 | €1.8m | €1.8m | €2.8m | €2.7m | €2.8m | ▲ 3.9% |
| Accrued charges and deferred income492/3 | €75,139 | €81,069 | €104,986 | €278,751 | €278,930 | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €242,877 | €282,219 | €131,149 | €3.6m | €560,237 | ▼ 84.4% |
| + Depreciation and write-downs630 | €170,145 | €162,938 | €322,824 | €192,108 | €215,405 | ▲ 12.1% |
| Operating cash flow (approximation) | €413,023 | €445,158 | €453,972 | €3.8m | €775,642 | ▼ 79.5% |
| Investment in fixed assets (approximation) | - | €0 | -€1.5m | -€4.2m | -€1.8m | ▲ 55.9% |
| Change in cash | - | €197,760 | -€134,560 | €161,160 | €264,481 | ▲ 64.1% |
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
17-09
State Gazette act
Board meeting · Registered-office movePower of attorney7 facts ▸
State Gazette act
Board meeting · Registered-office move
Power of attorney7 facts ▸
- Board meeting, 20-08-2026
- Registered-office move, Hagelandkaai 1 bus 401, 9000 Gent
- Power of attorney, Moore Finance & Tax BV
- Power of attorney, Tanja De Naeyer
- Power of attorney, Dominique Jaminet
- Power of attorney, Marie Decloedt
- Power of attorney, Charlotte Billiet
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €3.6m ▲2,636%
Operating result €4.7m, net result €3.6m, both a record.
31-12
Financial
Equity above €10mEq €13.8m ▲42.2%
7 profitable years in a row build equity to €13.8m.
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €131,149 ▼53.5%
Net result drops to €131,149, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
13 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1985
Ground area
386 m²
Parcel 44804D3708/00A000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Hagelandkaai 1, 9000 Gent
since 19852.028.146.571
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D3708/00A000 | Flanders | 386 m² | - | - |
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.
Structure & network
Owners and holdings
1 owner · 2 holdings · 3 subsidiaries in the treeChain of control
- IPSILA
- ANSA
Highest known parent: IPSILA. The sources do not say who stands above it.
Owners 1
- IPSILAparentSourceaccounts IPSILA 202599.99%
Holdings 2
-
52.77%
-
50%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
Group Ter Wyndt 52.77%2 subsidiaries
- TER WYNDT 100%
- WINGE GOLF 99.98%
According to the 2025 annual accounts of ANSA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 5,226 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
Founded30-10-1985
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427925002
Also
9925:BE0427925002
Registered
01-10-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.