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Antwerp Tower

Active
Public limited companyfounded 196858 yrs activeFranklin Rooseveltlaan 180, 8790 Waregem, BelgiumKBO/BCE: BE 0406.301.029
Summary

Antwerp Tower has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €568,733 and a net result of €47,420. Equity is growing by ~39.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability58▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 87.68 against 73.91 in 2024; short-term debt: 1.1% of total assets), and 1.1% 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 58 years 0 60 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
98.9%
Return on assets
8.2%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
34 d early
2023
33 d early
2022
38 d early
2021
26 d early
2020
26 d early
2019
43 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 33 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Antwerp Tower was incorporated on 21 June 1968.1 Total assets fell from EUR 7.2 million in 2018 to EUR 575,232 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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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
€47,420▼ 20.5%
2024 · €59,614
Working capital
€563,320▼ 8.5%
2024 · €615,393
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€487,653€568,276▲ 16.5%€215,881▼ 62.0%€71,795▼ 66.7%€50,442▼ 29.7%
Net result€314,343above the sector's middle half€452,952above the sector's middle half▲ 44.1%€168,917above the sector's middle half▼ 62.7%€59,614within the sector's middle half▼ 64.7%€47,420within the sector's middle half▼ 20.5%
Equity-€160,169below the sector's middle half▲ 66.2%€292,783within the sector's middle half€461,700within the sector's middle half▲ 57.7%€521,313within the sector's middle half▲ 12.9%€568,733within the sector's middle half▲ 9.1%
Total assets€4.1mwithin the sector's middle half▼ 28.9%€1.8mwithin the sector's middle half▼ 57.5%€877,043within the sector's middle half▼ 50.2%€623,833below the sector's middle half▼ 28.9%€575,232below the sector's middle half▼ 7.8%
Debt€4.3m▼ 31.7%€1.5m▼ 65.9%€415,343▼ 71.7%€102,520▼ 75.3%€6,499▼ 93.7%
Working capital€4.1mabove the sector's middle half▼ 29.0%€1.8mabove the sector's middle half▼ 57.5%€869,126above the sector's middle half▼ 50.5%€615,393above the sector's middle half▼ 29.2%€563,320within the sector's middle half▼ 8.5%
Solvency-3.9%below the sector's middle half▲ 4.3pp16.6%within the sector's middle half▲ 20.5pp52.6%within the sector's middle half▲ 36.0pp83.6%above the sector's middle half▲ 30.9pp98.9%above the sector's middle half▲ 15.3pp
Current ratio73.91above the sector's middle half87.68above the sector's middle half▲ 13.77
Return on assets (ROA)7.6%above the sector's middle half▲ 11.4pp25.7%above the sector's middle half▲ 18.1pp19.3%above the sector's middle half▼ 6.5pp9.6%above the sector's middle half▼ 9.7pp8.2%above the sector's middle half▼ 1.3pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€200,000€400,000€600,000Operating result 2021: €487,653€487,653Net result 2021: €314,343€314,343Operating result 2022: €568,276€568,276Net result 2022: €452,952€452,952Operating result 2023: €215,881€215,881Net result 2023: €168,917€168,917Operating result 2024: €71,795€71,795Net result 2024: €59,614€59,614Operating result 2025: €50,442€50,442Net result 2025: €47,420€47,42020212022202320242025€0€100,000€200,000Operating result 2023: €215,881€216,000Net result 2023: €168,917€169,000Operating result 2024: €71,795€71,800Net result 2024: €59,614€59,600Operating result 2025: €50,442€50,400Net result 2025: €47,420€47,400202320242025
The operating result has fallen three years in a row; 2025 is 30% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €575,232
Fixed assets €5,413
Current assets €569,819
Equity and liabilities €575,232
Equity €568,733 ▲ 9.1%
Debt €6,499 ▼ 93.7%
Debt's share of the balance-sheet total falls from 16.4% to 1.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Quick ratio
1.55▲
2024 · 1.27
Debt to equity
0.01▼
2024 · 0.20
ROE
8.3%▼
2024 · 11.4%
Debt ≤ 1 year
€6,499▼
2024 · €8,440
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 20,129 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€623,833€575,232▼
Fixed assets21/28-€5,413
Financial fixed assets28-€5,413
Current assets29/58€623,833€569,819▼
Stocks and contracts in progress3€613,081€559,752▼
Stocks30/36€613,081€559,752▼
Amounts receivable within one year40/41€10,752€10,067▼
Trade receivables40€10,752€10,067▼
Equity and liabilities
Total equity and liabilities10/49€623,833€575,232▼
Equity10/15€521,313€568,733▲
Contributions10/11€500,000€500,000=
Capital10€500,000€500,000=
Issued capital100€500,000€500,000=
Reserves13€1.1m€1.1m=
Non-distributable reserves130/1€50,000€50,000=
Legal reserve130€50,000€50,000=
Distributable reserves133€1.1m€1.1m=
Profit (loss) carried forward14-€1.1m-€1.1m▲
Amounts payable17/49€102,520€6,499▼
Amounts payable after more than one year17€94,080-
Financial debts170/4€94,080-
Amounts payable within one year42/48€8,440€6,499▼
Trade debts44€3,264€3,204▼
Suppliers440/4€3,264€3,204▼
Advances received on contracts in progress46€5,176€3,295▼
Income statement Code20242025
Other operating charges640/8€1,094€1,126▲
Gross operating margin9900€72,888€51,569▼
Operating profit (loss)9901€71,795€50,442▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€12,181€3,022▼
Recurring financial charges65€12,181€3,022▼
Profit (loss) for the period before taxes9903€59,614€47,420▼
Profit (loss) for the period9904€59,614€47,420▼
Profit (loss) for the period to be appropriated9905€59,614€47,420▼
Appropriation of the result
Profit (loss) to be appropriated9906-€1.1m-€1.1m▲
Profit (loss) brought forward from the previous period14P-€1.2m-€1.1m▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€979€980€1,075€1,094€1,126▲ 3.0%
Gross operating margin9900€488,632€569,256€216,957€72,888€51,569▼ 29.2%
Operating profit (loss)9901€487,653€568,276€215,881€71,795€50,442▼ 29.7%
Financial income75/76B€0--€0--
Recurring financial income75€0--€0--
Financial charges65/66B€173,310€115,325€46,964€12,181€3,022▼ 75.2%
Recurring financial charges65€173,310€115,325€46,964€12,181€3,022▼ 75.2%
Profit (loss) for the period before taxes9903€314,343€452,952€168,917€59,614€47,420▼ 20.5%
Profit (loss) for the period9904€314,343€452,952€168,917€59,614€47,420▼ 20.5%
Profit (loss) for the period to be appropriated9905€314,343€452,952€168,917€59,614€47,420▼ 20.5%
Line20212022202320242025Change
Assets
Total assets20/58€4.1m€1.8m€877,043€623,833€575,232▼ 7.8%
Fixed assets21/28----€5,413-
Financial fixed assets28----€5,413-
Current assets29/58€4.1m€1.8m€877,043€623,833€569,819▼ 8.7%
Stocks and contracts in progress3€4.1m€1.6m€787,603€613,081€559,752▼ 8.7%
Stocks30/36€4.1m€1.6m€787,603€613,081€559,752▼ 8.7%
Amounts receivable within one year40/41€48,478€182,921€89,440€10,752€10,067▼ 6.4%
Trade receivables40€48,478€112,921€89,440€10,752€10,067▼ 6.4%
Other amounts receivable41-€70,000----
Equity and liabilities
Total equity and liabilities10/49€4.1m€1.8m€877,043€623,833€575,232▼ 7.8%
Equity10/15-€160,169€292,783€461,700€521,313€568,733▲ 9.1%
Contributions10/11€500,000€500,000€500,000€500,000€500,000=
Capital10€500,000€500,000€500,000€500,000€500,000=
Issued capital100€500,000€500,000€500,000€500,000€500,000=
Reserves13€1.1m€1.1m€1.1m€1.1m€1.1m=
Non-distributable reserves130/1€50,000€50,000€50,000€50,000€50,000=
Legal reserve130€50,000€50,000€50,000€50,000€50,000=
Distributable reserves133€1.1m€1.1m€1.1m€1.1m€1.1m=
Profit (loss) carried forward14-€1.8m-€1.4m-€1.2m-€1.1m-€1.1m▲ 4.2%
Amounts payable17/49€4.3m€1.5m€415,343€102,520€6,499▼ 93.7%
Amounts payable after more than one year17€4.3m€1.5m€407,426€94,080--
Financial debts170/4€4.3m€1.5m€407,426€94,080--
Amounts payable within one year42/48€13,165€4,902€7,917€8,440€6,499▼ 23.0%
Trade debts44€13,165€4,902€4,622€3,264€3,204▼ 1.8%
Suppliers440/4€13,165€4,902€4,622€3,264€3,204▼ 1.8%
Advances received on contracts in progress46--€3,295€5,176€3,295▼ 36.3%
Line20212022202320242025Change
Profit (loss) for the period9904€314,343€452,952€168,917€59,614€47,420▼ 20.5%
Operating cash flow (approximation)€314,343€452,952€168,917€59,614€47,420▼ 20.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
27-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Equity above €500,000Eq €521,313 ▲12.9%
4 profitable years in a row build equity to €521,313.
28-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Highest result since 2018net €452,952 ▲44.1%
Operating result €568,276, net result €452,952, both a record.
31-12
Financial Equity above €200,000Eq €292,783
2 profitable years in a row build equity to €292,783.
05-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Back to profitnet €314,343
Net result €314,343 after one loss-making year.
05-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Liquidity quadruplescurrent ratio 453.50
Current ratio from 129.10 to 453.50; short-term debt falls from €50,065 to €12,834.
18-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial Back to profitnet €37,225
Net result €37,225 after one loss-making year.
31-12
Financial Liquidity times 138current ratio 129.10
Current ratio from 0.93 to 129.10; short-term debt falls from €7.4m to €50,065.
11-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts

We know of 18 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
18 acts for this company are 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, Waregem · 1 establishment unit since 1968
seat establishment The establishment unit on the map
Ground area
8,427 m²
Building footprint
2,869 m²
Volume, LiDAR
21,852 m³
Parcel 34452B0650/00M006, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
27 companies at this address See who is registered here
1 establishment unit
Franklin Rooseveltlaan 180, 8790 Waregem
Activities of head offices; management consultancy activities
since 19682.002.055.452
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34452B0650/00M006 Flanders 8,427 m² 1 · 2,869 m² 9.3 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.

Structure & network

Part of the group ABACUS INVEST 60 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. ABACUS INVEST 97.47%
  2. ABACUS GROUP 95.54%
  3. MATEXI GROUP 100%
  4. MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN 100%
  5. Antwerp Tower

Highest known parent: ABACUS INVEST. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Similar companies · same sector, comparable size

Of 9,699 companies in sector 68121 we hold annual accounts for 7,394. 4,591 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
Founded21-06-1968
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0406301029
Registered 22-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.