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ATHENA

Active
Private limited companyfounded 198937 yrs activeVierwegstraat 283A, 8800 Roeselare, BelgiumKBO/BCE: BE 0438.081.989
Summary

ATHENA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149,932 and a net result of -€1,403. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 95% of 1858 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch ReportCompare
ATHENAActiveChecked score 85/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of cocoa, chocolate and sugar confectionery
NACE 10820NACE 15840
1 site
Size
€151,143total assets 2025
Equity
€149,932
Loss
-€1,403
Turnover not published (abridged schema)
Financial health
85 Excellent Checked score 2025
Bankruptcy chance 12 m
0.4%
Structure
Accounts 23 d early0 of 1 deed read
Why 85- Sector Manufacture of food products (NACE 10)- Liquidity: current ratio 93.93, cash €2,205+ Founded in 1989+ Equity €149,932 (99.2% of total assets)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Better than 55% of its sector peers (NACE 10, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 99.2% of total assets
Liquidity 52-1
short-term debt 0.8% · cash 1.5%
Profitability 68+41
return on assets -0.9%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.1% (3,069 companies)
Last 24 months 11-2024: 0.9% 12-2024: 0.9%● 0.0% vs 11-2024 01-2025: 0.9%▼ -1.4% vs 12-2024 02-2025: 0.9%● 0.0% vs 01-2025 03-2025: 0.9%▼ -0.6% vs 02-2025 04-2025: 0.9%▲ +0.5% vs 03-2025 05-2025: 0.9%▲ +3.7% vs 04-2025highest value 06-2025: 0.9%▼ -2.1% vs 05-2025 07-2025: 0.5%▼ -42.4% vs 06-2025 08-2025: 0.5%● 0.0% vs 07-2025 09-2025: 0.5%● 0.0% vs 08-2025 10-2025: 0.5%● 0.0% vs 09-2025 11-2025: 0.5%● 0.0% vs 10-2025 12-2025: 0.5%● 0.0% vs 11-2025 01-2026: 0.5%▼ -0.8% vs 12-2025 02-2026: 0.5%● 0.0% vs 01-2026 03-2026: 0.5%● 0.0% vs 02-2026 04-2026: 0.6%▲ +8.9% vs 03-2026 05-2026: 0.6%▲ +1.8% vs 04-2026 06-2026: 0.5%▼ -2.3% vs 05-2026 07-2026: 0.6%▲ +5.5% vs 06-2026 08-2026: 0.4%▼ -36.9% vs 07-2026lowest value 09-2026: 0.4%● 0.0% vs 08-2026lowest value 10-2026: 0.4%● 0.0% vs 09-2026lowest value
  • Sector Manufacture of food products (NACE 10) raises the probability
  • Founded in 1989 lowers the probability for this profile
  • Equity €149,932 (99.2% of total assets) lowers the probability
  • Liquidity: current ratio 93.93, cash €2,205 raises the probability
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 93.93 against 32.45 in 2024; short-term debt: 0.8% and cash: 1.5% of total assets), and 0.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 10, micro). Better than this share of them on solvency 93%, liquidity 52%, profitability 41%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Manufacture of food products (NACE 10)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Founded in 1989
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Equity €149,932 (99.2% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 93.93, cash €2,205
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1,403
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
23 d early
2024
36 d early
2023
50 d early
2022
28 d late
2021
32 d late
2020
19 d late
2019
48 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 11 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 8 July (4 of the last 5 filed years within 51 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Liquidity triplescurrent ratio 93.93
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€1,403 View
  • Positive: Among the best 5% on solvencysector median 32.1% · 1,858 companies 99.2% View
  • Active since 1989founded 01-08-1989 37 years View

By topic

Financials

Fiscal year
2025
Total assets
€151,143
Loss
-€1,403
Solvency
99.2%
Total assets▼ 2.6%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 08-07-2026Annual accounts filed
  2. 31-12-2025Liquidity triples
  3. 25-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of cocoa, chocolate and sugar confectioneryNACE 10820
Founded
01-08-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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