ATHEA
ActiveSummary
ATHEA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €797k and a net result of €94k. Equity is growing by ~7.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-9
Solvency70▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.33 against 1.13 in 2024; short-term debt: 6.2% and cash: 11.4% of total assets), but 54.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
45.4%
Return on assets
5.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 09-10-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
2 d early
2023
1 d early
2022
on the day
2021
2 d early
2020
6 d late
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€797k▲ 11.0%
2024 · €718k
2019: €511k
2020: €500k▼ -2.3% vs 2019
2021: €490k▼ -1.9% vs 2020lowest in 7 years
2022: €547k▲ +11.7% vs 2021
2023: €529k▼ -3.4% vs 2022
2024: €718k▲ +35.7% vs 2023
2025: €797k▲ +11.0% vs 2024highest in 7 years
2019 → 2025
Total assets
€1.76M▲ 15.2%
2024 · €1.52M
2019: €1.44M
2020: €1.44M▼ -0.5% vs 2019
2021: €1.35M▼ -6.3% vs 2020
2022: €1.32M▼ -2.3% vs 2021
2023: €1.26M▼ -4.3% vs 2022lowest in 7 years
2024: €1.52M▲ +21.1% vs 2023
2025: €1.76M▲ +15.2% vs 2024highest in 7 years
2019 → 2025
Net result
€94k▼ 50.1%
2024 · €189k
2019: €97k
2020: €-12k▼ -112% vs 2019
2021: €-10k▲ +16.1% vs 2020
2022: €-5k▲ +48.4% vs 2021
2023: €-18k▼ -269% vs 2022lowest in 7 years
2024: €189k▲ +1128% vs 2023highest in 7 years
2025: €94k▼ -50.1% vs 2024
2019 → 2025
Working capital
€144k▲ 519%
2024 · €23k
2019: €148k
2020: €151k▲ +2.3% vs 2019highest in 7 years
2021: €137k▼ -9.5% vs 2020
2022: €125k▼ -8.6% vs 2021
2023: €99k▼ -20.7% vs 2022
2024: €23k▼ -76.6% vs 2023lowest in 7 years
2025: €144k▲ +519% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€490k-€547k▲ 11.7%€529k▼ 3.4%€718k▲ 35.7%€797k▲ 11.0%
2021: €490klowest in 5 years
2022: €547k▲ +11.7% vs 2021
2023: €529k▼ -3.4% vs 2022
2024: €718k▲ +35.7% vs 2023
2025: €797k▲ +11.0% vs 2024highest in 5 years
Operating result€15k-€78k▲ 420%€1k▼ 98.3%€209k▲ 16,102%€125k▼ 40.4%
2021: €15k
2022: €78k▲ +420% vs 2021
2023: €1k▼ -98.3% vs 2022lowest in 5 years
2024: €209k▲ +16102% vs 2023highest in 5 years
2025: €125k▼ -40.4% vs 2024
Net result€-10k-€-5k▲ 48.4%€-18k▼ 269%€189k€94k▼ 50.1%
2021: €-10k
2022: €-5k▲ +48.4% vs 2021
2023: €-18k▼ -269% vs 2022lowest in 5 years
2024: €189k▲ +1128% vs 2023highest in 5 years
2025: €94k▼ -50.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.76M
Fixed assets
€1.50M ▲ 13.8%
Current assets
€252k ▲ 24.7%
Equity and liabilities €1.76M
Equity
€797k ▲ 11.0%
Debt
€960k ▲ 19.0%
Debt's share of the balance-sheet total rises from 52.9% to 54.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€207k▼
2024 · €288k
Cash flow
€177k▼
2024 · €268k
Current ratio
2.33▲
2024 · 1.13
Debt to equity
1.20▲
2024 · 1.12
ROE
11.8%▼
2024 · 26.3%
ROA
5.4%▼
2024 · 12.4%
Interest coverage
6.73▼
2024 · 13.71
Debt ≤ 1 year
€108k▼
2024 · €179k
Debt > 1 year
€851k▲
2024 · €628k
Income taxes
€16k▲
2024 · €-627
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.52M€1.76M▲
Fixed assets21/28€1.32M€1.50M▲
Tangible fixed assets22/27€1.32M€1.50M▲
Land and buildings22€1.32M€1.45M▲
Furniture and vehicles24-€52k
Current assets29/58€202k€252k▲
Amounts receivable within one year40/41€112k€50k▼
Trade receivables40€24k-
Other amounts receivable41€88k€50k▼
Cash at bank and in hand54/58€90k€201k▲
Deferred charges and accrued income490/1-€660
Equity and liabilities
Total equity and liabilities10/49€1.52M€1.76M▲
Equity10/15€718k€797k▲
Contributions10/11€124k€124k=
Reserves13€569k€641k▲
Non-distributable reserves130/1€12k€12k=
Reserves not available under the articles1311€12k€12k=
Tax-exempt reserves132€557k€593k▲
Distributable reserves133-€35k
Profit (loss) carried forward14€25k€32k▲
Amounts payable17/49€806k€960k▲
Amounts payable after more than one year17€628k€851k▲
Financial debts170/4€606k€831k▲
Other amounts payable178/9€21k€20k▼
Amounts payable within one year42/48€179k€108k▼
Current portion of amounts payable after more than one year42€74k€89k▲
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Taxes, remuneration and social security45-€11k
Taxes450/3-€11k
Other amounts payable47/48€101k€2k▼
Accrued charges and deferred income492/3€15€216▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€82k▲
Other operating charges640/8€14k€17k▲
Gross operating margin9900€302k€224k▼
Operating profit (loss)9901€209k€125k▼
Financial income75/76B€213€1k▲
Recurring financial income75€213€1k▲
Financial charges65/66B€21k€31k▲
Recurring financial charges65€21k€31k▲
Profit (loss) for the period before taxes9903€188k€95k▼
Transfer from deferred taxes780-€16k
Income taxes67/77€-627€16k▲
Profit (loss) for the period9904€189k€94k▼
Transfer from tax-exempt reserves789€56k€79k▲
Transfer to tax-exempt reserves689€259k€130k▼
Profit (loss) for the period to be appropriated9905€-14k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€67k▲
Profit (loss) brought forward from the previous period14P€38k€25k▼
Transfer to equity691/2-€35k
To other reserves6921-€35k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €71k | €74k | €73k | €79k | €82k | ▲ 4.4% |
| Other operating charges640/8 | - | €14k | €21k | €14k | €17k | ▲ 27.0% |
| Gross operating margin9900 | €102k | €166k | €95k | €302k | €224k | ▼ 25.7% |
| Operating profit (loss)9901 | €15k | €78k | €1k | €209k | €125k | ▼ 40.4% |
| Financial income75/76B | - | - | €362 | €213 | €1k | ▲ 436% |
| Recurring financial income75 | €3 | - | €362 | €213 | €1k | ▲ 436% |
| Financial charges65/66B | - | €20k | €18k | €21k | €31k | ▲ 46.4% |
| Recurring financial charges65 | €22k | €20k | €18k | €21k | €31k | ▲ 46.4% |
| Profit (loss) for the period before taxes9903 | €-7k | €58k | €-17k | €188k | €95k | ▼ 49.5% |
| Transfer from deferred taxes780 | - | €19k | - | - | €16k | - |
| Transfer to deferred taxes680 | - | €81k | - | - | - | - |
| Income taxes67/77 | €2k | €548 | €2k | €-627 | €16k | ▲ 2,692% |
| Profit (loss) for the period9904 | €-10k | €-5k | €-18k | €189k | €94k | ▼ 50.1% |
| Transfer from tax-exempt reserves789 | - | - | €19k | €56k | €79k | ▲ 40.2% |
| Transfer to tax-exempt reserves689 | - | - | - | €259k | €130k | ▼ 49.6% |
| Profit (loss) for the period to be appropriated9905 | €9k | €-5k | €678 | €-14k | €42k | ▲ 409% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.35M | €1.32M | €1.26M | €1.52M | €1.76M | ▲ 15.2% |
| Fixed assets21/28 | €1.12M | €1.10M | €1.03M | €1.32M | €1.50M | ▲ 13.8% |
| Tangible fixed assets22/27 | €1.12M | €1.10M | €1.03M | €1.32M | €1.50M | ▲ 13.8% |
| Land and buildings22 | - | €1.09M | €1.03M | €1.32M | €1.45M | ▲ 9.9% |
| Furniture and vehicles24 | - | €3k | €1k | - | €52k | - |
| Current assets29/58 | €226k | €219k | €227k | €202k | €252k | ▲ 24.7% |
| Amounts receivable within one year40/41 | €165k | €96k | €189k | €112k | €50k | ▼ 55.1% |
| Trade receivables40 | - | €8k | €2k | €24k | - | - |
| Other amounts receivable41 | - | €89k | €187k | €88k | €50k | ▼ 42.7% |
| Cash at bank and in hand54/58 | €61k | €102k | €38k | €90k | €201k | ▲ 124% |
| Deferred charges and accrued income490/1 | - | €21k | - | - | €660 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.35M | €1.32M | €1.26M | €1.52M | €1.76M | ▲ 15.2% |
| Equity10/15 | €490k | €547k | €529k | €718k | €797k | ▲ 11.0% |
| Contributions10/11 | - | €124k | €124k | €124k | €124k | = |
| Reserves13 | €323k | €386k | €367k | €569k | €641k | ▲ 12.5% |
| Non-distributable reserves130/1 | - | €12k | €12k | €12k | €12k | = |
| Reserves not available under the articles1311 | - | €12k | €12k | €12k | €12k | = |
| Tax-exempt reserves132 | - | €373k | €354k | €557k | €593k | ▲ 6.5% |
| Distributable reserves133 | - | - | - | - | €35k | - |
| Profit (loss) carried forward14 | €43k | €38k | €38k | €25k | €32k | ▲ 30.4% |
| Amounts payable17/49 | €856k | €768k | €730k | €806k | €960k | ▲ 19.0% |
| Amounts payable after more than one year17 | €766k | €674k | €602k | €628k | €851k | ▲ 35.6% |
| Financial debts170/4 | - | €656k | €581k | €606k | €831k | ▲ 37.1% |
| Other amounts payable178/9 | - | €18k | €21k | €21k | €20k | ▼ 4.8% |
| Amounts payable within one year42/48 | €89k | €94k | €128k | €179k | €108k | ▼ 39.5% |
| Current portion of amounts payable after more than one year42 | - | €87k | €76k | €74k | €89k | ▲ 19.8% |
| Financial debts43 | - | - | €52k | - | - | - |
| Credit institutions430/8 | - | - | €52k | - | - | - |
| Trade debts44 | €725 | €2k | - | €3k | €6k | ▲ 80.9% |
| Suppliers440/4 | - | €2k | - | €3k | €6k | ▲ 80.9% |
| Taxes, remuneration and social security45 | - | - | - | - | €11k | - |
| Taxes450/3 | - | - | - | - | €11k | - |
| Other amounts payable47/48 | - | €5k | - | €101k | €2k | ▼ 98.0% |
| Accrued charges and deferred income492/3 | - | €134 | €15 | €15 | €216 | ▲ 1,342% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €-5k | €-18k | €189k | €94k | ▼ 50.1% |
| + Depreciation and write-downs630 | €71k | €74k | €73k | €79k | €82k | ▲ 4.4% |
| Operating cash flow (approximation) | €62k | €69k | €54k | €268k | €177k | ▼ 34.1% |
| Investment in fixed assets (approximation) | - | €-51k | €-8k | €-370k | €-264k | ▲ 28.5% |
| Change in cash | - | €41k | €-64k | €51k | €111k | ▲ 116% |
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
09-07
State Gazette act
Capital & shares · RestructuringDemerger · Accounting effect · Real estate14 facts ▸
State Gazette act
Capital & shares · Restructuring
Demerger · Accounting effect · Real estate14 facts ▸
- General meeting, 30-03-2026
- Demerger, Transfert de la branche d'activité immobilière (Immobilisations corporelles, Terrains et constructions) et du Capital, des Réserves et des Bénéfices reportés au…
- Accounting effect, 01-01-2026
- Real estate, Appartement niveau jardin ou "lot 1" situé rue Pré Del Cour, cadastré section C numéro 457/L/2 et 457 S 2, Anthisnes. Revenu cadastral non-indexé: 509,00€.
- Capital increase, €6.185,38
- Share issue, nominatives, 100
- Share transfer, Mylène THONUS → ATHEA
- Share transfer, Catherine BROCK → ATHEA
- Share transfer, Rosario AGNELLO → ATHEA
- Share transfer, Benoit UME → ATHEA
- Statutes amendment
- Capital, €130.132,38
- +2 further facts in this act
26-01
State Gazette act
RestructuringDemerger · Real estate · Accounting effect5 facts ▸
State Gazette act
Restructuring
Demerger · Real estate · Accounting effect5 facts ▸
- Demerger, partial split with contribution
- Demerger, partial split with contribution
- Real estate, Appartement sis à ANTHISNES, rue Pré Del Cour n° [missing number], cadastré Section C, n° 457/L/2 et 457/S/2
- Real estate, Appartement sis à HERMEE, rue de Fexhe-Slins n° 1, cadastré Section B, n° 0341G P000 et 0342D P000
- Accounting effect, 01-01-2026
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 2.33
Current ratio from 1.13 to 2.33; short-term debt falls from €179k to €108k.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €189k
Net result €189k after 4 loss-making years.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €500kEq €547k ▲11.7%
Equity rises from €490k to €547k.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
Show earlier events
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Manhay · 1 establishment unit since 1998
Ground area
1,875 m²
Building footprint
178 m²
Volume, LiDAR
882 m³
2 parcels, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Hôtel Communal 71, 4420 Saint-Nicolas
since 19982.090.291.602
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83033A0907/00R000 | Wallonia | 1,369 m² | 1 · 92 m² | - |
| 62093A0283/00D002 | Wallonia | 506 m² | 1 · 86 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
Acquisitions and mergers
1 transactionReceived in a demerger part of:RBMC INVEST
Capital and shareholders
Capital over the years
- 09-07-2026 Capital increase of 6,185.38 EUR · to 130,132.38 EUR · 100 new shares
Identification & contact
Identification
Legal formPublic limited company
Founded07-12-1998
Fiscal year end31-03
Scores and ratios are computed by Checked and are not a credit decision.