ATHENA
InactiveATHENA was declared bankrupt on 17-09-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 27-05-2025, published in the Belgian State Gazette on 03-06-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-03-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-03-2022 close31-10-2022 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-03-2021 was due by 31-10-2021 and was filed on 11-01-2022, 72 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
72 d late
2020
437 d late
2019
412 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€8k▲ 202%
2020 · €3k
2019: €20k
2020: €3k
2019 → 2021
Total assets
€484k▲ 376%
2020 · €102k
2019: €84k
2020: €102k
2019 → 2021
Net result
€5k
2020 · €-17k
2019: €723
2020: €-17k
2019 → 2021
Working capital
€8k▼ 53.6%
2020 · €18k
2019: €35k
2020: €18k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€20k-€3k▼ 86.5%€8k▲ 202%
Operating result€743-€-17k€13k
Net result€723-€-17k€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €13k after a loss of €17k in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €484k
Fixed assets
€5k▼ 3.7%
Current assets
€479k▲ 396%
Equity and liabilities €484k
Equity
€8k▲ 202%
Debt
€476k▲ 380%
The debt ratio rises from 97.4% to 98.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14k▲
2020 · €-17k
Cash flow
€6k▲
2020 · €-17k
Solvency
1.7%▼
2020 · 2.6%
Current ratio
1.02▼
2020 · 1.23
Quick ratio
1.02▼
2020 · 1.23
ROE
66.9%▲
2020 · -641.3%
ROA
1.1%▲
2020 · -16.8%
Debt
€476k▲
2020 · €99k
Debt ≤ 1 year
€470k▲
2020 · €78k
Income taxes
€8k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€102k€484k▲
Fixed assets21/28€5k€5k▼
Tangible fixed assets22/27€794€397▼
Financial fixed assets28€4k€5k▲
Current assets29/58€96k€479k▲
Amounts receivable within one year40/41€23k€470k▲
Current investments50/53€1k€9k▲
Cash at bank and in hand54/58€119-
Equity and liabilities
Total equity and liabilities10/49€102k€484k▲
Equity10/15€3k€8k▲
Contributions10/11€100k-
Profit (loss) carried forward14€-97k€-92k▲
Amounts payable17/49€99k€476k▲
Amounts payable within one year42/48€78k€470k▲
Trade debts44-€314k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€397€397=
Gross operating margin9900€-17k€23k▲
Operating profit (loss)9901€-17k€13k▲
Recurring financial charges65-€96
Profit (loss) for the period before taxes9903€-17k€13k▲
Income taxes67/77-€8k
Profit (loss) for the period9904€-17k€5k▲
Profit (loss) for the period to be appropriated9905€-17k€5k▲
Timeline · acts, filings and financial milestones
2025
03-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · ATHENA NV DRUKPERSSTRAAT 4, 1000 BRUSSEL · event 27-05-2025
2024
23-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ATHENA NV DRUKPERS- STRAAT 4, 1000 BRUSSEL · event 17-09-2024
2022
11-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
11-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 437 days late
2021
31-03
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 412 days late
31-03
Financial
Weakest financial yearnet €-17k ▼2457%
Net result drops to €-17k, the lowest in the series.
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
05-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 370 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Gerry VERSCHUREN BLEEKSTRAAT 11/003,
2800 MECHELEN |
17-09-2024 → present |