ANTIPHON
InactiveFinancials · financial year 2025, micro format
Turnover
≈ €170,000
Estimated: probably between €100,000 and €300,000
Total assets
€55,167▼ 41.6%
2024 · €94,431
Net result
€23,893▲ 10.2%
2024 · €21,680
Working capital
€25,297
2024 · -€1,615
Trend over the years
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 22% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€34,295
2025
Net result€23,893
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€55,167
2025
Equity€29,277
2025
Debt€25,890
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€25,297
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€49,685-€34,106▼ 31.4%€49,911▲ 46.3%€14,700▼ 70.5%€28,218▲ 92.0%€34,295▲ 21.5%
Net result€39,127-€26,034▼ 33.5%€38,150▲ 46.5%€9,794▼ 74.3%€21,680▲ 121%€23,893▲ 10.2%
Equity€43,327-€68,561▲ 58.2%€105,911▲ 54.5%€50,705▼ 52.1%€5,385▼ 89.4%€29,277▲ 444%
Total assets€77,164-€138,957▲ 80.1%€175,765▲ 26.5%€163,792▼ 6.8%€94,431▼ 42.3%€55,167▼ 41.6%
Debt€33,838-€70,397▲ 108%€69,854▼ 0.8%€113,087▲ 61.9%€89,046▼ 21.3%€25,890▼ 70.9%
Working capital€40,616-€55,919▲ 37.7%€95,226▲ 70.3%€41,916▼ 56.0%-€1,615€25,297
Turnover and EBIT margin not published: the 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 €55,167
Fixed assets
€3,980 ▼ 64.3%
Current assets
€51,187 ▼ 38.5%
Equity and liabilities €55,167
Equity
€29,277 ▲ 444%
Debt
€25,890 ▼ 70.9%
Debt's share of the balance-sheet total falls from 94.3% to 46.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41,479▲
2024 · €36,204
Cash flow
€31,077▲
2024 · €29,665
Current ratio
1.98▲
2024 · 0.98
Debt to equity
0.88▼
2024 · 16.54
ROE
81.6%▼
2024 · 402.6%
ROA
43.3%▲
2024 · 23.0%
Interest coverage
over 100▲
2024 · 79.49
Debt ≤ 1 year
€25,890▼
2024 · €84,881
Income taxes
€10,162▲
2024 · €6,368
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €891 | €4,050 | €8,031 | €8,031 | €7,986 | €7,184 | ▼ 10.0% |
| Other operating charges640/8 | - | €151 | €153 | €214 | €231 | €241 | ▲ 4.5% |
| Gross operating margin9900 | €50,676 | €38,307 | €58,095 | €22,945 | €36,435 | €41,720 | ▲ 14.5% |
| Operating profit (loss)9901 | €49,685 | €34,106 | €49,911 | €14,700 | €28,218 | €34,295 | ▲ 21.5% |
| Financial income75/76B | - | - | - | - | €285 | - | - |
| Recurring financial income75 | - | - | - | - | €285 | - | - |
| Financial charges65/66B | - | €617 | €977 | €1,374 | €455 | €240 | ▼ 47.3% |
| Recurring financial charges65 | €106 | €617 | €977 | €1,374 | €455 | €240 | ▼ 47.3% |
| Non-recurring financial charges66B | - | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €49,579 | €33,488 | €48,934 | €13,327 | €28,048 | €34,055 | ▲ 21.4% |
| Income taxes67/77 | €10,452 | €7,454 | €10,784 | €3,533 | €6,368 | €10,162 | ▲ 59.6% |
| Profit (loss) for the period9904 | €39,127 | €26,034 | €38,150 | €9,794 | €21,680 | €23,893 | ▲ 10.2% |
| Profit (loss) for the period to be appropriated9905 | €39,127 | €26,034 | €38,150 | €9,794 | €21,680 | €23,893 | ▲ 10.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €77,164 | €138,957 | €175,765 | €163,792 | €94,431 | €55,167 | ▼ 41.6% |
| Fixed assets21/28 | €5,476 | €35,211 | €27,180 | €19,150 | €11,164 | €3,980 | ▼ 64.3% |
| Tangible fixed assets22/27 | €5,476 | €35,211 | €27,180 | €19,150 | €11,164 | €3,980 | ▼ 64.3% |
| Plant, machinery and equipment23 | - | €495 | €315 | €135 | - | - | - |
| Furniture and vehicles24 | - | €34,716 | €26,865 | €19,015 | €11,164 | €3,980 | ▼ 64.3% |
| Current assets29/58 | €71,688 | €103,746 | €148,584 | €144,642 | €83,266 | €51,187 | ▼ 38.5% |
| Amounts receivable within one year40/41 | €27,662 | €68,516 | €85,456 | €19,244 | €18,544 | €14,641 | ▼ 21.0% |
| Trade receivables40 | - | €61,861 | €85,456 | €17,777 | €756 | €14,641 | ▲ 19× |
| Other amounts receivable41 | - | €6,655 | - | €1,467 | €17,788 | - | - |
| Cash at bank and in hand54/58 | €44,025 | €35,230 | €63,128 | €125,398 | €64,722 | €36,546 | ▼ 43.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €77,164 | €138,957 | €175,765 | €163,792 | €94,431 | €55,167 | ▼ 41.6% |
| Equity10/15 | €43,327 | €68,561 | €105,911 | €50,705 | €5,385 | €29,277 | ▲ 444% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €38,327 | €63,561 | €100,911 | €45,705 | €385 | €20,748 | ▲ 54× |
| Distributable reserves133 | - | €63,561 | €100,911 | €45,705 | €385 | €20,748 | ▲ 54× |
| Profit (loss) carried forward14 | - | - | - | - | - | €3,529 | - |
| Amounts payable17/49 | €33,838 | €70,397 | €69,854 | €113,087 | €89,046 | €25,890 | ▼ 70.9% |
| Amounts payable after more than one year17 | €2,766 | €22,569 | €16,495 | €10,361 | €4,165 | - | - |
| Financial debts170/4 | - | €22,569 | €16,495 | €10,361 | €4,165 | - | - |
| Amounts payable within one year42/48 | €31,071 | €47,828 | €53,358 | €102,727 | €84,881 | €25,890 | ▼ 69.5% |
| Current portion of amounts payable after more than one year42 | - | €8,780 | €6,074 | €6,135 | €6,196 | €4,165 | ▼ 32.8% |
| Trade debts44 | - | €1,015 | €1,790 | €1,497 | €110 | €238 | ▲ 118% |
| Suppliers440/4 | - | €1,015 | €1,790 | €1,497 | €110 | €238 | ▲ 118% |
| Taxes, remuneration and social security45 | - | €28,256 | €24,676 | €20,892 | €21,626 | €14,282 | ▼ 34.0% |
| Taxes450/3 | - | €28,256 | €24,676 | €20,892 | €21,626 | €14,282 | ▼ 34.0% |
| Other amounts payable47/48 | - | €9,777 | €20,818 | €74,204 | €56,950 | €7,204 | ▼ 87.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,127 | €26,034 | €38,150 | €9,794 | €21,680 | €23,893 | ▲ 10.2% |
| + Depreciation and write-downs630 | €891 | €4,050 | €8,031 | €8,031 | €7,986 | €7,184 | ▼ 10.0% |
| Operating cash flow (approximation) | €40,018 | €30,085 | €46,181 | €17,824 | €29,665 | €31,077 | ▲ 4.8% |
| Investment in fixed assets (approximation) | - | -€33,785 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€8,795 | €27,898 | €62,270 | -€60,676 | -€28,176 | ▲ 53.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 08-07-2026 | 2026-00268522 |
| 31-12-2024 | micro format | 03-07-2025 | 2025-00230990 |
| 31-12-2023 | micro format | 08-07-2024 | 2024-00221967 |
| 31-12-2022 | micro format | 10-07-2023 | 2023-00220055 |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20206100 |
| 31-12-2020 | micro format | 15-07-2021 | 2021-36200286 |
Subsidies and aid
Flemish government
2025 · 1 entry · €248 awarded · €248 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.