ATELFOND
ActiveSummary
ATELFOND has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €34,104. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 79% of 410 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity ample (current ratio 3.69 against 4.86 in 2024; short-term debt: 23.7% and cash: 4.5% of total assets), and 25.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.7%
Return on assets
2.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
16 d early
2023
13 d early
2022
13 d early
2021
45 d early
2020
26 d early
2019
2 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 19 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% 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 15 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 company by equity in Retie, Manufacturing sector#8 company by total assets in Retie, Manufacturing sector
Equity
€1.2m▲ 2.9%
2024 · €1.2m
Total assets
€1.6m▲ 10.6%
2024 · €1.5m
Net result
€34,104▼ 23.6%
2024 · €44,640
Working capital
€1.0m▲ 6.0%
2024 · €968,965
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42,585▲ 93.5%€57,295▲ 34.5%€103,944▲ 81.4%€65,710▼ 36.8%€48,849▼ 25.7%
Net result€18,333within the sector's middle half▲ 958%€31,537within the sector's middle half▲ 72.0%€69,342within the sector's middle half▲ 120%€44,640within the sector's middle half▼ 35.6%€34,104within the sector's middle half▼ 23.6%
Equity€1.0mwithin the sector's middle half▲ 1.8%€1.1mwithin the sector's middle half▲ 3.1%€1.1mwithin the sector's middle half▲ 6.6%€1.2mwithin the sector's middle half▲ 4.0%€1.2mwithin the sector's middle half▲ 2.9%
Total assets€1.7mwithin the sector's middle half▼ 9.6%€1.7mwithin the sector's middle half▼ 1.4%€1.7mwithin the sector's middle half▼ 1.4%€1.5mwithin the sector's middle half▼ 13.9%€1.6mwithin the sector's middle half▲ 10.6%
Debt€714,737▼ 22.2%€659,169▼ 7.8%€565,332▼ 14.2%€286,431▼ 49.3%€406,714▲ 42.0%
Working capital€702,071within the sector's middle half▲ 18.4%€751,212within the sector's middle half▲ 7.0%€861,580within the sector's middle half▲ 14.7%€968,965within the sector's middle half▲ 12.5%€1.0mabove the sector's middle half▲ 6.0%
Solvency58.8%within the sector's middle half▲ 6.6pp61.5%above the sector's middle half▲ 2.7pp66.5%above the sector's middle half▲ 5.0pp80.3%above the sector's middle half▲ 13.8pp74.7%above the sector's middle half▼ 5.6pp
Current ratio2.53within the sector's middle half▲ 0.542.54within the sector's middle half▲ 0.012.76within the sector's middle half▲ 0.234.86above the sector's middle half▲ 2.093.69above the sector's middle half▼ 1.17
Return on assets (ROA)1.1%within the sector's middle half▲ 1.0pp1.8%within the sector's middle half▲ 0.8pp4.1%within the sector's middle half▲ 2.3pp3.1%within the sector's middle half▼ 1.0pp2.1%within the sector's middle half▼ 0.9pp
Staff (FTE)9.2within the sector's middle half▼ 14.0%8.6within the sector's middle half▼ 6.5%7.6within the sector's middle half▼ 11.6%7.1within the sector's middle half▼ 6.6%6.5within the sector's middle half▼ 8.5%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€199,966 ▼ 14.4%
Current assets
€1.4m ▲ 15.4%
Equity and liabilities €1.6m
Equity
€1.2m ▲ 2.9%
Debt
€406,714 ▲ 42.0%
Debt's share of the balance-sheet total rises from 19.7% to 25.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92,402▼
2024 · €170,065
Cash flow
€77,656▼
2024 · €148,994
Quick ratio
3.44▼
2024 · 4.40
Debt to equity
0.34▲
2024 · 0.25
ROE
2.8%▼
2024 · 3.8%
Interest coverage
29.41▼
2024 · 31.18
Debt ≤ 1 year
€381,589▲
2024 · €251,157
Debt > 1 year
€25,125▼
2024 · €35,274
Income taxes
€12,079▼
2024 · €15,616
Staff costs
€539,642▲
2024 · €535,352
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 10,905 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €527,858 | €496,587 | €544,193 | €535,352 | €539,642 | ▲ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €176,885 | €178,000 | €174,124 | €104,355 | €43,552 | ▼ 58.3% |
| Other operating charges640/8 | €1,079 | €6,728 | €1,295 | €1,257 | €1,279 | ▲ 1.8% |
| Gross operating margin9900 | €748,407 | €738,610 | €823,556 | €706,673 | €633,323 | ▼ 10.4% |
| Operating profit (loss)9901 | €42,585 | €57,295 | €103,944 | €65,710 | €48,849 | ▼ 25.7% |
| Financial income75/76B | €0 | €20 | €0 | - | €476 | - |
| Recurring financial income75 | €0 | €20 | €0 | - | €476 | - |
| Financial charges65/66B | €17,286 | €14,088 | €9,416 | €5,454 | €3,142 | ▼ 42.4% |
| Recurring financial charges65 | €17,286 | €14,088 | €9,416 | €5,454 | €3,142 | ▼ 42.4% |
| Profit (loss) for the period before taxes9903 | €25,299 | €43,228 | €94,529 | €60,256 | €46,183 | ▼ 23.4% |
| Income taxes67/77 | €6,966 | €11,691 | €25,186 | €15,616 | €12,079 | ▼ 22.7% |
| Profit (loss) for the period9904 | €18,333 | €31,537 | €69,342 | €44,640 | €34,104 | ▼ 23.6% |
| Profit (loss) for the period to be appropriated9905 | €18,333 | €31,537 | €69,342 | €44,640 | €34,104 | ▼ 23.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.7m | €1.7m | €1.5m | €1.6m | ▲ 10.6% |
| Fixed assets21/28 | €575,557 | €472,557 | €338,054 | €233,699 | €199,966 | ▼ 14.4% |
| Tangible fixed assets22/27 | €575,507 | €472,508 | €338,004 | €233,650 | €199,916 | ▼ 14.4% |
| Plant, machinery and equipment23 | €325,514 | €328,702 | €291,442 | €233,650 | €199,916 | ▼ 14.4% |
| Leasing and similar rights25 | €249,993 | €143,805 | €46,562 | - | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €1.2m | €1.2m | €1.4m | €1.2m | €1.4m | ▲ 15.4% |
| Stocks and contracts in progress3 | €265,000 | €235,000 | €305,000 | €115,000 | €95,000 | ▼ 17.4% |
| Stocks30/36 | €265,000 | €235,000 | €305,000 | €115,000 | €95,000 | ▼ 17.4% |
| Amounts receivable within one year40/41 | €825,386 | €931,291 | €831,692 | €1.1m | €1.2m | ▲ 12.9% |
| Trade receivables40 | €624,374 | €155,283 | €266,052 | €133,821 | €230,799 | ▲ 72.5% |
| Other amounts receivable41 | €201,012 | €776,008 | €565,640 | €965,413 | €1.0m | ▲ 4.7% |
| Cash at bank and in hand54/58 | €70,616 | €73,729 | €213,336 | €5,888 | €72,030 | ▲ 1,123% |
| Deferred charges and accrued income490/1 | €49 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.7m | €1.7m | €1.5m | €1.6m | ▲ 10.6% |
| Equity10/15 | €1.0m | €1.1m | €1.1m | €1.2m | €1.2m | ▲ 2.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €1.0m | €1.0m | €1.1m | €1.1m | €1.2m | ▲ 3.0% |
| Amounts payable17/49 | €714,737 | €659,169 | €565,332 | €286,431 | €406,714 | ▲ 42.0% |
| Amounts payable after more than one year17 | €255,756 | €170,361 | €76,884 | €35,274 | €25,125 | ▼ 28.8% |
| Financial debts170/4 | €255,756 | €170,361 | €76,884 | €35,274 | €25,125 | ▼ 28.8% |
| Amounts payable within one year42/48 | €458,980 | €488,808 | €488,448 | €251,157 | €381,589 | ▲ 51.9% |
| Current portion of amounts payable after more than one year42 | €192,599 | €210,439 | €140,599 | €83,927 | €57,848 | ▼ 31.1% |
| Financial debts43 | €75,000 | - | - | - | €75,000 | - |
| Credit institutions430/8 | €75,000 | - | - | - | €75,000 | - |
| Trade debts44 | €125,949 | €195,341 | €302,073 | €124,001 | €201,708 | ▲ 62.7% |
| Suppliers440/4 | €125,949 | €195,341 | €302,073 | €124,001 | €201,708 | ▲ 62.7% |
| Taxes, remuneration and social security45 | €2,864 | €18,677 | €45,776 | €43,229 | €44,034 | ▲ 1.9% |
| Taxes450/3 | €2,864 | €18,677 | €9,239 | €4,957 | €5,599 | ▲ 13.0% |
| Remuneration and social security454/9 | - | - | €36,537 | €38,272 | €38,434 | ▲ 0.4% |
| Other amounts payable47/48 | €62,568 | €64,351 | - | - | €3,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,333 | €31,537 | €69,342 | €44,640 | €34,104 | ▼ 23.6% |
| + Depreciation and write-downs630 | €176,885 | €178,000 | €174,124 | €104,355 | €43,552 | ▼ 58.3% |
| Operating cash flow (approximation) | €195,217 | €209,536 | €243,466 | €148,994 | €77,656 | ▼ 47.9% |
| Investment in fixed assets (approximation) | - | -€75,000 | -€39,621 | €0 | -€9,819 | - |
| Change in cash | - | €3,113 | €139,607 | -€207,448 | €66,142 | ▲ 132% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €1,733 ▼97.9%
Net result drops to €1,733, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1mEq €1.0m ▲9.2%
2 profitable years in a row build equity to €1.0m.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Retie · 1 establishment unit since 2008
Ground area
7,502 m²
Building footprint
696 m²
Volume, LiDAR
3,951 m³
Parcel 13036B0244/00D000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ATELFOND
since 20082.174.769.494
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13036B0244/00D000 | Flanders | 7,502 m² | 1 · 696 m² | 6.9 m · 2 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
Owners and holdings
1 ownerChain of control
- J.B.T. INVEST
- ATELFOND
Highest known parent: J.B.T. INVEST. The sources do not say who stands above it.
Owners 1
- J.B.T. INVESTparent99%
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,200 EUR awarded · 1,200 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,200 EUR | 1,200 EUR |
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Of 136 companies in sector 28410 we hold annual accounts for 107. 88 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
28410Manufacture of machinery and equipment not elsewhere classified
25110Manufacture of metal structures and parts of structures
25530Machining of metals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808183610
Also
9925:BE0808183610
Registered
08-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.