ATHANOR
ActiveATHANOR has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €421k and a net result of €113k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 7750 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-4
Solvency81▼-19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 3.01 in 2024; short-term debt: 43.2% and cash: 53.7% of total assets), and 44% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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
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
56%
Return on assets
15%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
2021
4 d late
2020
5 d early
2019
24 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€421k▼ 10.3%
2024 · €469k
2019: €210k
2020: €261k
2021: €286k
2022: €334k
2023: €380k
2024: €469k
2019 → 2025
Total assets
€752k▲ 27.0%
2024 · €592k
2019: €329k
2020: €402k
2021: €402k
2022: €496k
2023: €485k
2024: €592k
2019 → 2025
Net result
€113k▲ 5.2%
2024 · €107k
2019: €31k
2020: €51k
2021: €25k
2022: €48k
2023: €46k
2024: €107k
2019 → 2025
Working capital
€227k▼ 8.2%
2024 · €247k
2019: €33k
2020: €63k
2021: €81k
2022: €90k
2023: €146k
2024: €247k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€286k-€334k▲ 16.7%€380k▲ 13.9%€469k▲ 23.4%€421k▼ 10.3%
Operating result€45k-€78k▲ 71.7%€70k▼ 10.2%€158k▲ 126%€166k▲ 5.1%
Net result€25k-€48k▲ 89.4%€46k▼ 3.3%€107k▲ 131%€113k▲ 5.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €752k
Fixed assets
€200k▼ 10.0%
Current assets
€552k▲ 49.3%
Equity and liabilities €752k
Equity
€421k▼ 10.3%
Debt
€331k▲ 170%
The debt ratio rises from 20.7% to 44.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€188k▲
2024 · €180k
Cash flow
€135k▲
2024 · €129k
Solvency
56.0%▼
2024 · 79.3%
Current ratio
1.70▼
2024 · 3.01
Quick ratio
1.70▼
2024 · 3.01
Debt / equity
0.79▲
2024 · 0.26
ROE
26.8%▲
2024 · 22.8%
ROA
15.0%▼
2024 · 18.1%
Interest coverage
98.98▼
2024 · 118.54
Debt
€331k▲
2024 · €123k
Debt ≤ 1 year
€325k▲
2024 · €123k
Income taxes
€52k▲
2024 · €49k
Staff costs
€180k▲
2024 · €161k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€592k€752k▲
Fixed assets21/28€223k€200k▼
Tangible fixed assets22/27€223k€200k▼
Land and buildings22€184k€176k▼
Plant, machinery and equipment23€18k€14k▼
Furniture and vehicles24€21k€10k▼
Financial fixed assets28€49€49=
Current assets29/58€369k€552k▲
Amounts receivable within one year40/41€165k€132k▼
Trade receivables40€161k€129k▼
Other amounts receivable41€4k€2k▼
Current investments50/53€522€522=
Cash at bank and in hand54/58€195k€404k▲
Deferred charges and accrued income490/1€9k€16k▲
Equity and liabilities
Total equity and liabilities10/49€592k€752k▲
Equity10/15€469k€421k▼
Contributions10/11€6k€6k=
Reserves13€332k€282k▼
Tax-exempt reserves132€19k€19k=
Distributable reserves133€313k€263k▼
Profit (loss) carried forward14€131k€133k▲
Amounts payable17/49€123k€331k▲
Amounts payable within one year42/48€123k€325k▲
Trade debts44€30k€79k▲
Suppliers440/4€30k€79k▲
Taxes, remuneration and social security45€64k€56k▼
Taxes450/3€46k€46k▲
Remuneration and social security454/9€18k€10k▼
Other amounts payable47/48€29k€190k▲
Accrued charges and deferred income492/3-€6k
Income statement
Code20242025
Remuneration, social security and pensions62€161k€180k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k=
Other operating charges640/8€5k€4k▼
Gross operating margin9900€345k€372k▲
Operating profit (loss)9901€158k€166k▲
Financial income75/76B€10€1k▲
Recurring financial income75€10€1k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€156k€165k▲
Income taxes67/77€49k€52k▲
Profit (loss) for the period9904€107k€113k▲
Profit (loss) for the period to be appropriated9905€107k€113k▲
Appropriation of the result
Profit (loss) to be appropriated9906€236k€244k▲
Profit (loss) brought forward from the previous period14P€129k€131k▲
Transfer from equity791/2€18k€161k▲
Transfer to equity691/2€105k€111k▲
To other reserves6921€105k€111k▲
Profit to be distributed694/7€18k€161k▲
Return on contributions (dividend)694€18k€161k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €113k ▲5.2%
Operating result €166k, net result €113k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
30-06
Financial
Weakest financial yearnet €25k ▼50.1%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
23-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Wavre · 1 establishment unit since 2002
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.
Avenue de l'Equinoxe 11300 WavreGround area
1,334 m²
Building footprint
109 m²
Volume, LiDAR
760 m³
Parcel 25055A0141/00Y000, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de l'Equinoxe 1, 1300 Wavre
since 20022.091.965.742
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25055A0141/00Y000 | Wallonia | 1,334 m² | 1 · 109 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0465.598.020
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MA-JO
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WTS Capital
BE 0646.892.109
Liège · Eq €422k
SAVERAN
BE 0455.955.032
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DIRK VAN BULCK V.G.
BE 0419.734.539
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Of 24,503 companies in sector 82990 we hold annual accounts for 9,404. 6,116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-07-1999
Fiscal year end30-06
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.