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ANTHONY

Active
Private limited companyfounded 1994active for 32 yearsDamplein 23, 2060 Antwerpen, BelgiumKBO/BCE: BE 0452.805.106

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 20-05-2026 PDF all 31 filings

Turnover
≈ €760,000
Estimated: probably between €700,000 and €950,000
Total assets
€6.3m▲ 1.7%
2024 · €6.2m
Net result
€356,801▲ 34×
2024 · €10,438
Working capital
€424,411▼ 30.9%
2024 · €614,383
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 6.1 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.

Operating result€0.4m 2025 Net result€0.4m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€1.3m-€0.04m▼ 97.1%-€0.3m-€0.2m▲ 36.6%-€0.3m▼ 57.2%€0.1m€0.07m▼ 41.8%€0.4m▲ 512%
Net result€0.9m-€0.03m▼ 96.7%-€0.3mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 34.4%-€0.3mbelow the sector's middle half▼ 52.4%€0.06mabove the sector's middle half€0.01mwithin the sector's middle half▼ 83.5%€0.4mabove the sector's middle half▲ 34×
Equity€4.0m-€4.1m▲ 1.5%€3.0mabove the sector's middle half▼ 26.8%€2.8mabove the sector's middle half▼ 5.7%€2.6mabove the sector's middle half▼ 7.9%€2.7mabove the sector's middle half▲ 2.4%€2.7mabove the sector's middle half▲ 0.4%€2.5mabove the sector's middle half▼ 5.0%
Total assets€5.0m-€4.7m▼ 6.5%€3.5mwithin the sector's middle half▼ 26.0%€3.2mwithin the sector's middle half▼ 8.3%€5.8mabove the sector's middle half▲ 81.4%€5.8mabove the sector's middle half▲ 1.2%€6.2mabove the sector's middle half▲ 6.5%€6.3mabove the sector's middle half▲ 1.7%
Debt€0.7m-€0.4m▼ 49.5%€0.2m▼ 34.2%€0.1m▼ 47.3%€3.0m▲ 24×€3.0m▲ 0.6%€3.4m▲ 12.7%€3.6m▲ 7.3%
Working capital€2.9m-€2.4m▼ 18.2%€1.3mabove the sector's middle half▼ 45.3%€0.8mabove the sector's middle half▼ 37.0%€0.9mabove the sector's middle half▲ 10.3%€0.9mabove the sector's middle half=€0.6mabove the sector's middle half▼ 32.9%€0.4mabove the sector's middle half▼ 30.9%
Solvency80.0%-86.8%▲ 6.8pp85.9%above the sector's middle half▼ 0.9pp88.2%above the sector's middle half▲ 2.4pp44.8%within the sector's middle half▼ 43.4pp45.3%within the sector's middle half▲ 0.5pp42.7%within the sector's middle half▼ 2.6pp39.9%within the sector's middle half▼ 2.8pp
Current ratio6.84-11.36▲ 4.537.96above the sector's middle half▼ 3.417.68above the sector's middle half▼ 0.285.45above the sector's middle half▼ 2.234.03above the sector's middle half▼ 1.412.45within the sector's middle half▼ 1.581.46within the sector's middle half▼ 1.00
Return on assets (ROA)17.4%-0.6%▼ 16.8pp-7.5%below the sector's middle half▼ 8.1pp-5.4%below the sector's middle half▲ 2.1pp-4.5%below the sector's middle half▲ 0.9pp1.1%within the sector's middle half▲ 5.6pp0.2%within the sector's middle half▼ 0.9pp5.6%within the sector's middle half▲ 5.5pp
above within below The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.3m
Fixed assets €5.0m ▼ 4.1%
Current assets €1.4m ▲ 30.6%
Equity and liabilities €6.3m
Equity €2.5m ▼ 5.0%
Provisions €175,265 ▼ 4.8%
Debt €3.6m ▲ 7.3%
Debt's share of the balance-sheet total rises from 54.3% to 57.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€668,147▲
2024 · €324,744
Cash flow
€604,358▲
2024 · €266,417
Debt to equity
1.44▲
2024 · 1.27
ROE
14.1%▲
2024 · 0.4%
Interest coverage
8.89▲
2024 · 4.67
Debt ≤ 1 year
€929,661▲
2024 · €422,559
Debt > 1 year
€2.7m▼
2024 · €3.0m
Income taxes
€3▲
2024 · -€754
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as ANTHONY: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €5.4m and €6.8m, founded between 1989 and 1995.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
ANTHONY Antwerpen1994€6.3m€2.5m€0.7m€0.4m2025
NV JOALFRA Lier1989€5.4m€5.2m€0.7m€0.4m2025
FOCKEDEY IMMO Leuze-en-Hainaut1995€6.6m€1.7m€0.7m-€0.01m2025
BRUNICO Ninove1993€6.8m€1.4m€0.7m-€0.3m2025
C.E.A.M. Dendermonde1991€6.5m€3.6m€0.7m€0.3m2025
Immodeno Kortrijk1994€5.5m€1.1m€0.6m€0.2m2026
M.P.C. IMMO Herstal1995€6.4m€5.3m€0.8m€0.2m2025

They were chosen from the 6,621 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 1,579 companies had the same profile as ANTHONY has now. Two years later, 0.1% had gone bankrupt and 96.7% were still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.1% went bankrupt
3.2% stopped otherwise
96.7% was still going

That fits the bankruptcy probability of ANTHONY itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,579 companies, not a prediction for ANTHONY. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines

Source: Annual accounts 2025 (PDF), filed on 20-05-2026.

Balance sheet Code20242025
Assets
Total assets20/58€6.2m€6.3m▲
Fixed assets21/28€5.2m€5.0m▼
Tangible fixed assets22/27€5.2m€5.0m▼
Land and buildings22€5.1m€4.9m▼
Plant, machinery and equipment23€0.01m€0.01m▲
Furniture and vehicles24€0.04m€0.05m▲
Current assets29/58€1.0m€1.4m▲
Amounts receivable after more than one year29-€0.05m
Other amounts receivable291-€0.05m
Amounts receivable within one year40/41€0.8m€1.0m▲
Trade receivables40€0.02m€0.03m▲
Other amounts receivable41€0.8m€1.0m▲
Cash at bank and in hand54/58€0.2m€0.3m▲
Deferred charges and accrued income490/1€0.005m€0.001m▼
Equity and liabilities
Total equity and liabilities10/49€6.2m€6.3m▲
Equity10/15€2.7m€2.5m▼
Contributions10/11€1.9m€1.9m=
Reserves13€0.6m€0.6m▼
Tax-exempt reserves132€0.6m€0.5m▼
Distributable reserves133€0.07m€0.07m=
Profit (loss) carried forward14€0.1m€0.02m▼
Provisions and deferred taxes16€0.2m€0.2m▼
Deferred taxes168€0.2m€0.2m▼
Amounts payable17/49€3.4m€3.6m▲
Amounts payable after more than one year17€3.0m€2.7m▼
Financial debts170/4€3.0m€2.7m▼
Amounts payable within one year42/48€0.4m€0.9m▲
Financial debts43€0.3m€0.3m▲
Credit institutions430/8€0.3m€0.3m▲
Trade debts44€0.08m€0.01m▼
Suppliers440/4€0.08m€0.01m▼
Taxes, remuneration and social security45-€0.01m
Taxes450/3-€0.01m
Other amounts payable47/48€0.06m€0.6m▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.2m▼
Other operating charges640/8€0.06m€0.02m▼
Gross operating margin9900€0.4m€0.7m▲
Operating profit (loss)9901€0.07m€0.4m▲
Financial income75/76B€0.002m€0.003m▲
Recurring financial income75€0.002m€0.003m▲
Financial charges65/66B€0.07m€0.08m▲
Recurring financial charges65€0.07m€0.08m▲
Profit (loss) for the period before taxes9903€0.001m€0.3m▲
Transfer from deferred taxes780€0.009m€0.009m=
Income taxes67/77-€0.001m€3▲
Profit (loss) for the period9904€0.01m€0.4m▲
Transfer from tax-exempt reserves789€0.03m€0.03m=
Profit (loss) for the period to be appropriated9905€0.04m€0.4m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.5m▲
Profit (loss) brought forward from the previous period14P€0.09m€0.1m▲
Profit to be distributed694/7-€0.5m
Return on contributions (dividend)694-€0.5m

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.07m€0.1m€0.09m€0.09m€0.2m€0.2m€0.3m€0.2m▼ 3.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€0.03m-€0.04m----
Other operating charges640/8---€0.005m€0.02m€0.04m€0.06m€0.02m▼ 75.3%
Gross operating margin9900€1.3m€0.2m€0.2m-€0.1m-€0.1m€0.4m€0.4m€0.7m▲ 76.9%
Operating profit (loss)9901€1.3m€0.04m-€0.3m-€0.2m-€0.3m€0.1m€0.07m€0.4m▲ 512%
Financial income75/76B---€0.001m€0.04m€0.003m€0.002m€0.003m▲ 55.2%
Recurring financial income75€0.007m€0.007m€0.001m€0.001m€0.04m€0.003m€0.002m€0.003m▲ 55.2%
Financial charges65/66B---€0.003m€0.03m€0.07m€0.07m€0.08m▲ 8.1%
Recurring financial charges65€0.01m€0.003m€0.002m€0.003m€0.03m€0.07m€0.07m€0.08m▲ 8.1%
Profit (loss) for the period before taxes9903€1.3m€0.04m-€0.3m-€0.2m-€0.3m€0.06m€0.001m€0.3m▲ 411×
Transfer from deferred taxes780---€0.004m€0.009m€0.009m€0.009m€0.009m=
Income taxes67/77€0.5m€0.02m€373€0.001m€0.001m€0.001m-€0.001m€3-
Profit (loss) for the period9904€0.9m€0.03m-€0.3m-€0.2m-€0.3m€0.06m€0.01m€0.4m▲ 34×
Transfer from tax-exempt reserves789---€0.01m€0.03m€0.03m€0.03m€0.03m=
Profit (loss) for the period to be appropriated9905€0.9m€0.04m-€0.2m-€0.2m-€0.2m€0.09m€0.04m€0.4m▲ 937%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€5.0m€4.7m€3.5m€3.2m€5.8m€5.8m€6.2m€6.3m▲ 1.7%
Fixed assets21/28€1.6m€2.0m€2.0m€2.2m€4.7m€4.6m€5.2m€5.0m▼ 4.1%
Tangible fixed assets22/27€1.6m€2.0m€2.0m€2.2m€4.7m€4.6m€5.2m€5.0m▼ 4.1%
Land and buildings22---€2.2m€4.6m€4.6m€5.1m€4.9m▼ 4.3%
Plant, machinery and equipment23---€0.004m€0.009m€0.008m€0.01m€0.01m▲ 46.2%
Furniture and vehicles24---€0.004m€0.01m€0.02m€0.04m€0.05m▲ 14.6%
Current assets29/58€3.4m€2.6m€1.5m€1.0m€1.1m€1.2m€1.0m€1.4m▲ 30.6%
Amounts receivable after more than one year29-------€0.05m-
Other amounts receivable291-------€0.05m-
Amounts receivable within one year40/41€1.3m€1.0m€0.009m€0.2m€0.5m€0.7m€0.8m€1.0m▲ 18.9%
Trade receivables40---€0.005m€0.02m€0.02m€0.02m€0.03m▲ 10.7%
Other amounts receivable41---€0.2m€0.5m€0.7m€0.8m€1.0m▲ 19.2%
Cash at bank and in hand54/58€2.2m€1.6m€1.5m€0.8m€0.6m€0.5m€0.2m€0.3m▲ 62.7%
Deferred charges and accrued income490/1---€0.008m€0.005m€0.005m€0.005m€0.001m▼ 85.0%
Equity and liabilities
Total equity and liabilities10/49€5.0m€4.7m€3.5m€3.2m€5.8m€5.8m€6.2m€6.3m▲ 1.7%
Equity10/15€4.0m€4.1m€3.0m€2.8m€2.6m€2.7m€2.7m€2.5m▼ 5.0%
Contributions10/11€1.9m€1.9m-€1.9m€1.9m€1.9m€1.9m€1.9m=
Reserves13€2.1m€2.1m€1.1m€0.9m€0.7m€0.7m€0.6m€0.6m▼ 4.3%
Non-distributable reserves130/1---€0.06m€0.06m€0.06m---
Reserves not available under the articles1311---€0.06m€0.06m€0.06m---
Tax-exempt reserves132---€0.6m€0.6m€0.6m€0.6m€0.5m▼ 4.8%
Distributable reserves133---€0.2m€0.01m€0.01m€0.07m€0.07m=
Profit (loss) carried forward14-€0.04m---€0.09m€0.1m€0.02m▼ 84.6%
Provisions and deferred taxes16€0.3m€0.3m€0.3m€0.2m€0.2m€0.2m€0.2m€0.2m▼ 4.8%
Deferred taxes168---€0.2m€0.2m€0.2m€0.2m€0.2m▼ 4.8%
Amounts payable17/49€0.7m€0.4m€0.2m€0.1m€3.0m€3.0m€3.4m€3.6m▲ 7.3%
Amounts payable after more than one year17€0.2m€0.1m€0.05m-€2.8m€2.7m€3.0m€2.7m▼ 8.8%
Financial debts170/4----€2.8m€2.7m€3.0m€2.7m▼ 8.8%
Amounts payable within one year42/48€0.5m€0.2m€0.2m€0.1m€0.2m€0.3m€0.4m€0.9m▲ 120%
Financial debts43---€0.05m€0.07m€0.2m€0.3m€0.3m▲ 1.0%
Credit institutions430/8---€0.05m€0.07m€0.2m€0.3m€0.3m▲ 1.0%
Trade debts44€0.05m-€0.01m€0.05m€0.1m€0.005m€0.08m€0.01m▼ 87.8%
Suppliers440/4---€0.05m€0.1m€0.005m€0.08m€0.01m▼ 87.8%
Taxes, remuneration and social security45---€0.001m€0.001m€0.01m-€0.01m-
Taxes450/3---€0.001m€0.001m€0.01m-€0.01m-
Other amounts payable47/48---€0.03m€0.03m€0.07m€0.06m€0.6m▲ 891%
Accrued charges and deferred income492/3----€0.01m€0.03m---
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.9m€0.03m-€0.3m-€0.2m-€0.3m€0.06m€0.01m€0.4m▲ 34×
+ Depreciation and write-downs630€0.07m€0.1m€0.09m€0.09m€0.2m€0.2m€0.3m€0.2m▼ 3.3%
Operating cash flow (approximation)€0.9m€0.2m-€0.2m-€0.08m-€0.1m€0.3m€0.3m€0.6m▲ 127%
Investment in fixed assets (approximation)--€0.6m-€0.007m-€0.4m-€2.6m-€0.2m-€0.8m-€0.04m▲ 95.7%
Change in cash--€0.6m-€0.07m-€0.7m-€0.2m-€0.08m-€0.3m€0.1m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 31 filings with the National Bank
Financial year Type Filed Reference Document
30-11-2025 micro format 20-05-2026 2026-00119762 PDF
30-11-2024 micro format 21-05-2025 2025-00100268 PDF
30-11-2023 micro format 25-04-2024 2024-00068735 PDF
30-11-2022 abbreviated format 26-06-2023 2023-00156166 PDF
30-11-2021 abbreviated format 26-04-2022 2022-20008218 PDF
30-11-2020 abbreviated format 26-05-2021 2021-15100206 PDF
30-11-2019 abbreviated format 22-04-2020 2020-09500428 PDF
30-11-2018 abbreviated format 04-04-2019 2019-09200345 PDF
30-11-2017 abbreviated format 20-07-2018 2018-35900267 PDF
30-11-2016 abbreviated format 18-07-2017 2017-32700566 PDF

Show all 31 filings

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