ATECS

Active

Private limited companyfounded 20179 yrs activeRue de la Source des Bobesses 6, 4470 Saint-Georges-sur-Meuse, BelgiumKBO/BCE: BE 0673.715.676

ATECS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €976k and a net result of €203k. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 26046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2024

89 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability94▲+1

Solvency100=

Growth78=

Track record100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €85k at 30 days acceptable

Liquidity ample (current ratio 20.36 against 23.1 in 2023; short-term debt: 3.3% and cash: 63.5% of total assets), and 4.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

95.7%

Return on assets

19.9%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

not confirmed

2024

28 d early

2023

149 d early

2022

95 d early

2021

32 d early

2020

134 d early

2019

35 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€203k▲ 21.4%

2023 · €167k

2018: €51k 2019: €77k 2020: €183k 2021: €195k 2022: €135k 2023: €167k

2018 → 2024

Working capital

€654k▲ 19.3%

2023 · €548k

2018: €108k 2019: €161k 2020: €345k 2021: €472k 2022: €530k 2023: €548k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€409k-€601k▲ 47.2%€735k▲ 22.2%€823k▲ 12.0%€976k▲ 18.6%

Operating result€256k-€274k▲ 7.4%€184k▼ 32.9%€241k▲ 30.7%€292k▲ 21.1%

Net result€183k-€195k▲ 6.5%€135k▼ 30.6%€167k▲ 23.6%€203k▲ 21.4%

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 21% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.02M

32.6%

67.4%

Fixed assets €332k▲ 20.7%

Current assets €688k▲ 20.1%

Equity and liabilities €1.02M

95.7%

Equity €976k▲ 18.6%

Debt €44k▲ 77.0%

The debt ratio rises from 2.9% to 4.3%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€343k▲

2023 · €317k

Cash flow

€254k▲

2023 · €243k

Solvency

95.7%▼

2023 · 97.1%

Current ratio

20.36▼

2023 · 23.10

Quick ratio

20.36▼

2023 · 23.10

Debt / equity

0.04▲

2023 · 0.03

ROE

20.8%▲

2023 · 20.3%

ROA

19.9%▲

2023 · 19.7%

Interest coverage

492.53▼

2023 · 804.07

Debt

€44k▲

2023 · €25k

Debt ≤ 1 year

€34k▲

2023 · €25k

Debt > 1 year

€10k

Income taxes

€93k▲

2023 · €75k

Staff costs

€15k▼

2023 · €22k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€848k€1.02M▲

Fixed assets21/28€275k€332k▲

Intangible fixed assets21-€0

Tangible fixed assets22/27€270k€332k▲

Land and buildings22€140k€140k=

Plant, machinery and equipment23€109k€161k▲

Furniture and vehicles24€20k€30k▲

Financial fixed assets28€6k€190▼

Current assets29/58€573k€688k▲

Amounts receivable within one year40/41€3k€37k▲

Trade receivables40€3k€37k▲

Cash at bank and in hand54/58€562k€648k▲

Deferred charges and accrued income490/1€7k€3k▼

Equity and liabilities

Total equity and liabilities10/49€848k€1.02M▲

Equity10/15€823k€976k▲

Contributions10/11€19k€19k=

Reserves13€804k€957k▲

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€802k€955k▲

Investment grants15€328€70▼

Amounts payable17/49€25k€44k▲

Amounts payable after more than one year17-€10k

Financial debts170/4-€10k

Amounts payable within one year42/48€25k€34k▲

Current portion of amounts payable after more than one year42€2k€3k▲

Trade debts44€11k€4k▼

Suppliers440/4€11k€4k▼

Taxes, remuneration and social security45€8k€23k▲

Taxes450/3€6k€21k▲

Remuneration and social security454/9€1k€2k▲

Other amounts payable47/48€5k€3k▼

Income statement Code20232024

Non-recurring operating income76A-€45k

Remuneration, social security and pensions62€22k€15k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€52k▼

Other operating charges640/8€881€2k▲

Non-recurring operating charges66A€2k-

Gross operating margin9900€342k€360k▲

Operating profit (loss)9901€241k€292k▲

Financial income75/76B€2k€4k▲

Recurring financial income75€2k€4k▲

Financial charges65/66B€395€697▲

Recurring financial charges65€395€697▲

Profit (loss) for the period before taxes9903€242k€295k▲

Income taxes67/77€75k€93k▲

Profit (loss) for the period9904€167k€203k▲

Profit (loss) for the period to be appropriated9905€167k€203k▲

Appropriation of the result

Profit (loss) to be appropriated9906€167k€203k▲

Transfer from equity791/2€78k€50k▼

Transfer to equity691/2€167k€203k▲

To other reserves6921€167k€203k▲

Profit to be distributed694/7€78k€50k▼

Return on contributions (dividend)694€78k€50k▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 5Gazette 1Filings 8

2026

23-03

State Gazette act Registered office · Resignations & appointments

Director appointment · Permanent representative · Director resignation4 facts ▸

Director appointment, AMW Investments (administrateur)
Permanent representative, Andreas WERNER
Director resignation, ZIVIC Guy
Registered-office move, Rue de la Source des Bobesses, 6 à 4470 Saint-Georges-Sur-Meuse

2025

03-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2018net €203k ▲21.4%

Operating result €292k, net result €203k, both a record.

04-03

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Liquidity doublescurrent ratio 23.10

Current ratio from 11.13 to 23.10; short-term debt falls from €52k to €25k.

27-04

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

29-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Equity above €500kEq €601k ▲47.2%

4 profitable years in a row build equity to €601k.

19-03

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Liquidity triplescurrent ratio 5.51

Current ratio from 2.05 to 5.51; short-term debt falls from €154k to €76k.

26-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Equity above €200kEq €223k ▲51.9%

2 profitable years in a row build equity to €223k.

22-03

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

09-05

NBB filing Annual accounts filed

fiscal year 2017 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 directors, no change since 2026

AMW Investments

Director · since 23-03-2026 · Private limited company · perm. rep.: Andreas WERNER

Current

23-03-2026 AMW Investments: Appointed as Director

23-03-2026 Guy ZIVIC: Resigned

07-01-2026 Guy ZIVIC: Resigned as Director

01-08-2022 Guy ZIVIC: Resigned as Manager

Location & real-estate footprint

Registered office, Saint-Georges-sur-Meuse · 1 establishment unit since 2017

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue de la Source des Bobesses 64470 Saint-Georges-sur-Meuse

Ground area

1.8 ha

Building footprint

4,055 m²

Volume, LiDAR

586 m³

2 parcels, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Rue du Tige(Jeh) 9, 4540 Amay

Construction of roads and motorways

since 20172.263.206.176

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
64065C1630/00D000	Wallonia	1.6 ha	1 · 3,963 m²	-
61022C0650/00R005	Wallonia	1,550 m²	1 · 92 m²	9.2 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Structure & network

Ownership & control

1 party

Control over this companysits on this company's board1

AMW Investments

1 subsidiary · 1 location

controls

ATECSBE 0673.715.676

Recognitions · licences · registrations

Recognised contractor

11 categories

ATECS SRL39206

category B, class 1 · category B1, class 1 · category C, class 1 · category C1, class 1 · category C2, class 1 · category C5, class 1 · category E, class 1 · category E1, class 1 · category G, class 1 · category G2, class 1 · category V, class 1

decision 05-10-2023