Antonius RE Development
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 16 filings
Amounts without an identifiable currency are taken as euros.
Turnover
€25,109▼ 97.1%
2022 · €868,374
EBIT margin
-3.7%▼ 3.5pp
2022 · -0.3%
Net result
-€81,169▼ 3,029%
2024 · -€2,594
Working capital
€656,698▼ 11.0%
2024 · €738,161
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
-€88,000
▼ 559%
2025
20182025
Net result
-€81,169
▼ 3,029%
2025
lowest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€622,807
▼ 11.5%
2025
middle half of the sector
20182025
Total assets
€740,663
▼ 29.2%
2025
middle half of the sector
20182025
Debt
€117,856
▼ 65.5%
2025
20182025
Working capital
€656,698
▼ 11.0%
2025
middle half of the sector
20182025
Solvency
84.1%
▲ 16.8pp
2025
highest quarter of the sector
20182025
Current ratio
8.82
▲ 5.42
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-11.0%
▼ 10.7pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.9m€0.03m▼ 97.1%
Operating result-€0.1m--€0.02m▲ 84.8%-€0.02m▼ 29.2%-€0.3m▼ 1,496%-€0.002m▲ 99.2%-€0.001m▲ 62.4%-€0.01m▼ 1,318%-€0.09m▼ 559%
Net result-€0.07m-€0.003m-€0.02mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 1,470%-€0.008mbelow the sector's middle half▲ 97.5%€0.01mwithin the sector's middle half-€0.003mbelow the sector's middle half-€0.08mbelow the sector's middle half▼ 3,029%
EBIT margin-0.3%-3.7%▼ 3.5pp
Equity€1.1m-€1.1m▲ 0.3%€1.0mabove the sector's middle half▼ 2.0%€0.7mwithin the sector's middle half▼ 32.0%€0.7mwithin the sector's middle half▼ 1.2%€0.7mwithin the sector's middle half▲ 1.5%€0.7mwithin the sector's middle half▼ 0.4%€0.6mwithin the sector's middle half▼ 11.5%
Total assets€2.5m-€1.2m▼ 49.3%€1.3mwithin the sector's middle half▲ 6.8%€1.1mwithin the sector's middle half▼ 19.6%€0.9mwithin the sector's middle half▼ 14.9%€0.7mwithin the sector's middle half▼ 18.4%€1.0mwithin the sector's middle half▲ 40.8%€0.7mwithin the sector's middle half▼ 29.2%
Debt€1.4m-€0.2m▼ 86.6%€0.3m▲ 56.1%€0.4m▲ 24.4%€0.2m▼ 41.4%€0.04m▼ 83.1%€0.3m▲ 846%€0.1m▼ 65.5%
Working capital€1.4m-€1.1m▼ 16.6%€1.1mabove the sector's middle half▼ 1.8%€0.7mabove the sector's middle half▼ 33.6%€0.7mabove the sector's middle half▼ 1.2%€0.7mabove the sector's middle half▲ 1.0%€0.7mabove the sector's middle half▼ 0.3%€0.7mwithin the sector's middle half▼ 11.0%
Solvency42.9%-84.9%▲ 42.0pp77.9%above the sector's middle half▼ 7.0pp65.9%above the sector's middle half▼ 12.1pp76.5%above the sector's middle half▲ 10.6pp95.1%above the sector's middle half▲ 18.7pp67.3%above the sector's middle half▼ 27.8pp84.1%above the sector's middle half▲ 16.8pp
Current ratio2.25-11.50▲ 9.256.25above the sector's middle half▼ 5.243.26above the sector's middle half▼ 3.005.12above the sector's middle half▲ 1.873.40above the sector's middle half8.82above the sector's middle half▲ 5.42
Return on assets (ROA)-2.9%-0.3%▲ 3.1pp-1.6%below the sector's middle half▼ 1.9pp-31.0%below the sector's middle half▼ 29.4pp-0.9%below the sector's middle half▲ 30.1pp1.4%within the sector's middle half▲ 2.3pp-0.2%below the sector's middle half▼ 1.6pp-11.0%below the sector's middle half▼ 10.7pp
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). 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 operating result for 2025 is a loss of €88,000, larger than the loss of €13,344 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €740,663
Equity
€622,807 ▼ 11.5%
Debt
€117,856 ▼ 65.5%
Debt's share of the balance-sheet total falls from 32.7% to 15.9%. Equity and debt are lower.
Key figures and ratios
Quick ratio
1.14▼
2024 · 2.32
Debt to equity
0.19▼
2024 · 0.49
ROE
-13.0%▼
2024 · -0.4%
Debt ≤ 1 year
€83,965▼
2024 · €307,736
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €868,374 | €25,109 | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €55,000 | €15,750 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €8,055 | €63,015 | €16,301 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,564 | €506 | €0 | - | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €271,897 | €870,000 | - | - | €36,150 | - |
| Other operating charges640/8 | - | - | - | €46,681 | €1,066 | €1,177 | €1,193 | €632 | ▼ 47.1% |
| Gross operating margin9900 | -€101,178 | €66,905 | -€19,269 | -€8,055 | €868,566 | €236 | -€12,151 | -€51,218 | ▼ 322% |
| Operating profit (loss)9901 | -€104,036 | -€15,840 | -€20,467 | -€326,633 | -€2,500 | -€941 | -€13,344 | -€88,000 | ▼ 559% |
| Financial income75/76B | - | - | - | €16 | €389 | €11,301 | €10,789 | €7,198 | ▼ 33.3% |
| Recurring financial income75 | €37,867 | €19,340 | €717 | €16 | €389 | €11,301 | €10,789 | €7,198 | ▼ 33.3% |
| Financial charges65/66B | - | - | - | €5,043 | €6,108 | €47 | €39 | €368 | ▲ 841% |
| Recurring financial charges65 | €1,078 | €160 | €1,370 | €5,043 | €6,108 | €47 | €39 | €368 | ▲ 841% |
| Profit (loss) for the period before taxes9903 | -€67,248 | €3,340 | -€21,120 | -€331,660 | -€8,219 | €10,314 | -€2,594 | -€81,169 | ▼ 3,029% |
| Income taxes67/77 | €3,011 | €0 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€70,259 | €3,340 | -€21,120 | -€331,660 | -€8,219 | €10,314 | -€2,594 | -€81,169 | ▼ 3,029% |
| Profit (loss) for the period to be appropriated9905 | -€70,259 | €3,340 | -€21,120 | -€331,660 | -€8,219 | €10,314 | -€2,594 | -€81,169 | ▼ 3,029% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.5m | €1.2m | €1.3m | €1.1m | €0.9m | €0.7m | €1.0m | €0.7m | ▼ 29.2% |
| Formation expenses20 | - | €0 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.001m | - | - | - | - | - | - | - | - |
| Intangible fixed assets21 | - | €0 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.001m | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | - | €0 | - | - | - | - | - | - | - |
| Current assets29/58 | €2.5m | €1.2m | €1.3m | €1.1m | €0.9m | €0.7m | €1.0m | €0.7m | ▼ 29.2% |
| Stocks and contracts in progress3 | €0.8m | €0 | €1.3m | €1.0m | €0.2m | €0.2m | €0.3m | €0.6m | ▲ 93.4% |
| Contracts in progress37 | - | - | - | €1.0m | €0.2m | €0.2m | €0.3m | €0.6m | ▲ 93.4% |
| Amounts receivable within one year40/41 | €1.7m | €0.1m | €0.01m | €0.01m | €0.5m | €0.6m | €0.01m | €0.02m | ▲ 105% |
| Trade receivables40 | - | - | - | €0.006m | €0.01m | - | - | - | - |
| Other amounts receivable41 | - | - | - | €0.005m | €0.5m | €0.6m | €0.01m | €0.02m | ▲ 105% |
| Current investments50/53 | - | €0 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.007m | €0.04m | €0.003m | €0.01m | €0.2m | €0.02m | €0.7m | €0.03m | ▼ 95.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.02m | €0.04m | ▲ 99.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.5m | €1.2m | €1.3m | €1.1m | €0.9m | €0.7m | €1.0m | €0.7m | ▼ 29.2% |
| Equity10/15 | €1.1m | €1.1m | €1.0m | €0.7m | €0.7m | €0.7m | €0.7m | €0.6m | ▼ 11.5% |
| Contributions10/11 | €0.9m | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €0.05m | €0.05m | €167 | €167 | €167 | €167 | €167 | €167 | = |
| Non-distributable reserves130/1 | - | - | - | €167 | €167 | €167 | €167 | €167 | = |
| Legal reserve130 | - | - | - | €167 | €167 | €167 | €167 | €167 | = |
| Profit (loss) carried forward14 | €0.06m | €0.06m | €0.04m | -€0.3m | -€0.3m | -€0.3m | -€0.3m | -€0.4m | ▼ 27.6% |
| Amounts payable17/49 | €1.4m | €0.2m | €0.3m | €0.4m | €0.2m | €0.04m | €0.3m | €0.1m | ▼ 65.5% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €210 | - | - |
| Other amounts payable178/9 | - | - | - | - | - | - | €210 | - | - |
| Amounts payable within one year42/48 | €1.1m | €0.1m | €0.2m | €0.3m | €0.2m | €0.002m | €0.3m | €0.08m | ▼ 72.7% |
| Trade debts44 | €0.2m | €0.1m | €0.06m | €0.06m | €0.003m | €0.002m | €0.02m | €0.08m | ▲ 349% |
| Suppliers440/4 | - | - | - | €0.06m | €0.003m | €0.002m | €0.02m | €0.08m | ▲ 349% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.2m | - | - | - | - |
| Taxes450/3 | - | - | - | - | €0.2m | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.3m | - | - | €0.3m | €0.005m | ▼ 98.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.04m | €0.04m | €0.03m | €0.03m | €0.03m | ▼ 0.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€70,259 | €3,340 | -€21,120 | -€331,660 | -€8,219 | €10,314 | -€2,594 | -€81,169 | ▼ 3,029% |
| + Depreciation and write-downs630 | €1,564 | €506 | €0 | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€68,694 | €3,845 | -€21,120 | -€331,660 | -€8,219 | €10,314 | -€2,594 | -€81,169 | ▼ 3,029% |
| Change in cash | - | €29,625 | -€33,402 | €11,205 | €173,016 | -€170,994 | €663,958 | -€649,090 | - |
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, 376 companies had the same profile as Antonius RE Development has now. Two years later, 91.8% were still going and 0.8% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
91.8%
was still going
7.2%
stopped otherwise
0.8%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Antonius RE Development itself: 0.4% 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 376 companies, not a prediction for Antonius RE Development. 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.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 23-06-2026 | 2026-00195038 | |
| 31-12-2024 | abbreviated format | 16-06-2025 | 2025-00154573 | |
| 31-12-2023 | abbreviated format | 25-06-2024 | 2024-00172126 | |
| 31-12-2022 | abbreviated format | 28-06-2023 | 2023-00175568 | |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20256790 | |
| 31-12-2020 | abbreviated format | 01-09-2021 | 2021-66100256 | |
| 31-12-2019 | abbreviated format | 26-06-2020 | 2020-21900295 | |
| 31-12-2018 | abbreviated format | 04-06-2019 | 2019-15700108 | |
| 31-12-2017 | full format | 28-06-2018 | 2018-24400309 | |
| 31-12-2016 | full format | 07-07-2017 | 2017-29000348 |