ATHENAST
ActiveSummary
ATHENAST has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €694,890 and a net result of -€8,424. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 86% of 8113 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability22▼-28
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.46 in 2023; short-term debt: 9.6% and cash: 13% of total assets), and 9.9% of the assets are financed with debt.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
90.1%
Return on assets
-1.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
40 d early
2022
35 d early
2021
18 d early
2020
25 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€694,890▼ 1.1%
2023 · €702,825
Total assets
€771,143▼ 2.0%
2023 · €787,239
Net result
-€8,424
2023 · €207,890
Working capital
€30,384▼ 20.0%
2023 · €37,977
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€13,904€17,339▲ 24.7%€9,300▼ 46.4%-€114,106-€5,572▲ 95.1%
Net result€2,809within the sector's middle half€8,016within the sector's middle half▲ 185%-€431below the sector's middle half€207,890above the sector's middle half-€8,424below the sector's middle half
Equity€488,150above the sector's middle half▲ 0.4%€495,366above the sector's middle half▲ 1.5%€494,934above the sector's middle half▼ 0.1%€702,825within the sector's middle half▲ 42.0%€694,890within the sector's middle half▼ 1.1%
Total assets€1.1mabove the sector's middle half▼ 2.0%€1.1mabove the sector's middle half▼ 2.1%€1.1mabove the sector's middle half▼ 1.5%€787,239within the sector's middle half▼ 26.8%€771,143within the sector's middle half▼ 2.0%
Debt€626,900▼ 3.8%€596,410▼ 4.9%€580,065▼ 2.7%€84,415▼ 85.4%€76,253▼ 9.7%
Working capital-€54,995below the sector's middle half▲ 23.2%-€48,640below the sector's middle half▲ 11.6%-€37,421below the sector's middle half▲ 23.1%€37,977within the sector's middle half€30,384within the sector's middle half▼ 20.0%
Solvency43.8%within the sector's middle half▲ 1.1pp45.4%within the sector's middle half▲ 1.6pp46.0%within the sector's middle half▲ 0.7pp89.3%above the sector's middle half▲ 43.2pp90.1%above the sector's middle half▲ 0.8pp
Current ratio0.23below the sector's middle half▲ 0.070.24below the sector's middle half▲ 0.010.36below the sector's middle half▲ 0.121.46within the sector's middle half▲ 1.111.41within the sector's middle half▼ 0.05
Return on assets (ROA)0.3%below the sector's middle half▲ 3.1pp0.7%below the sector's middle half▲ 0.5pp0.0%below the sector's middle half▼ 0.8pp26.4%above the sector's middle half▲ 26.4pp-1.1%below the sector's middle half▼ 27.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,572 in 2024 against €114,106 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €771,143
Fixed assets
€666,765 =
Current assets
€104,378 ▼ 13.2%
Equity and liabilities €771,143
Equity
€694,890 ▼ 1.1%
Debt
€76,253 ▼ 9.7%
Debt's share of the balance-sheet total falls from 10.7% to 9.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,183▲
2023 · -€87,669
Cash flow
-€669▼
2023 · €234,327
Debt to equity
0.11▼
2023 · 0.12
ROE
-1.2%▼
2023 · 29.6%
Interest coverage
0.58▲
2023 · -12.01
Debt ≤ 1 year
€73,994▼
2023 · €82,214
Income taxes
€638▼
2023 · €63,234
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €7,189 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,219 | €29,260 | €26,461 | €26,437 | €7,755 | ▼ 70.7% |
| Other operating charges640/8 | - | €12,446 | €10,229 | €8,125 | €6,415 | ▼ 21.0% |
| Gross operating margin9900 | €51,578 | €59,045 | €45,990 | -€79,544 | €8,598 | ▲ 111% |
| Operating profit (loss)9901 | €13,904 | €17,339 | €9,300 | -€114,106 | -€5,572 | ▲ 95.1% |
| Financial income75/76B | - | - | - | €392,590 | €1,598 | ▼ 99.6% |
| Recurring financial income75 | - | - | - | €392,590 | €1,598 | ▼ 99.6% |
| Non-recurring financial income76B | - | - | - | €392,590 | €1,598 | ▼ 99.6% |
| Financial charges65/66B | - | €8,973 | €8,912 | €7,361 | €3,812 | ▼ 48.2% |
| Recurring financial charges65 | €9,164 | €8,761 | €8,912 | €7,298 | €3,749 | ▼ 48.6% |
| Non-recurring financial charges66B | - | €212 | - | €63 | €63 | = |
| Profit (loss) for the period before taxes9903 | €4,434 | €8,366 | €388 | €271,124 | -€7,786 | ▼ 103% |
| Income taxes67/77 | €1,625 | €350 | €819 | €63,234 | €638 | ▼ 99.0% |
| Profit (loss) for the period9904 | €2,809 | €8,016 | -€431 | €207,890 | -€8,424 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | €2,809 | €8,016 | -€431 | €207,890 | -€8,424 | ▼ 104% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €787,239 | €771,143 | ▼ 2.0% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €667,049 | €666,765 | = |
| Tangible fixed assets22/27 | €1.1m | €1.1m | €1.1m | €667,049 | €666,765 | = |
| Land and buildings22 | - | €1.1m | €1.1m | €667,049 | €666,765 | = |
| Current assets29/58 | €16,348 | €15,145 | €20,607 | €120,190 | €104,378 | ▼ 13.2% |
| Amounts receivable within one year40/41 | €13 | - | €246 | €275 | €1,595 | ▲ 480% |
| Trade receivables40 | - | - | €246 | €275 | €1,595 | ▲ 480% |
| Current investments50/53 | - | - | - | €50,000 | - | - |
| Cash at bank and in hand54/58 | €14,550 | €12,564 | €17,535 | €69,243 | €100,128 | ▲ 44.6% |
| Deferred charges and accrued income490/1 | - | €2,581 | €2,826 | €672 | €2,655 | ▲ 295% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €787,239 | €771,143 | ▼ 2.0% |
| Equity10/15 | €488,150 | €495,366 | €494,934 | €702,825 | €694,890 | ▼ 1.1% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Capital10 | - | €250,000 | - | - | €250,000 | - |
| Issued capital100 | - | €250,000 | - | - | €250,000 | - |
| Reserves13 | €238,150 | €245,366 | €244,934 | €452,825 | €444,890 | ▼ 1.8% |
| Non-distributable reserves130/1 | - | €25,000 | - | €25,000 | €25,000 | = |
| Legal reserve130 | - | €25,000 | - | - | €25,000 | - |
| Other1319 | - | - | - | €25,000 | - | - |
| Distributable reserves133 | - | €220,366 | €244,934 | €427,825 | €419,890 | ▼ 1.9% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €626,900 | €596,410 | €580,065 | €84,415 | €76,253 | ▼ 9.7% |
| Amounts payable after more than one year17 | €549,125 | €532,625 | €520,500 | - | - | - |
| Financial debts170/4 | - | €532,625 | €520,500 | - | - | - |
| Amounts payable within one year42/48 | €71,343 | €63,785 | €58,028 | €82,214 | €73,994 | ▼ 10.0% |
| Current portion of amounts payable after more than one year42 | - | €16,500 | €12,125 | - | - | - |
| Trade debts44 | €150 | €582 | €1,127 | €8,763 | €26 | ▼ 99.7% |
| Suppliers440/4 | - | €582 | €1,127 | €8,763 | €26 | ▼ 99.7% |
| Taxes, remuneration and social security45 | - | €3,119 | €2,691 | €42,789 | €42,789 | = |
| Taxes450/3 | - | €3,119 | €2,691 | €42,789 | €42,789 | = |
| Other amounts payable47/48 | - | €43,584 | €42,085 | €30,662 | €31,179 | ▲ 1.7% |
| Accrued charges and deferred income492/3 | - | - | €1,537 | €2,201 | €2,259 | ▲ 2.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,809 | €8,016 | -€431 | €207,890 | -€8,424 | ▼ 104% |
| + Depreciation and write-downs630 | €27,219 | €29,260 | €26,461 | €26,437 | €7,755 | ▼ 70.7% |
| Operating cash flow (approximation) | €30,029 | €37,276 | €26,030 | €234,327 | -€669 | ▼ 100% |
| Investment in fixed assets (approximation) | - | -€7,189 | -€4,223 | €360,906 | -€7,471 | ▼ 102% |
| Change in cash | - | -€1,986 | €4,971 | €51,709 | €30,885 | ▼ 40.3% |
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
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €207,890
Net result €207,890 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.46
Current ratio from 0.36 to 1.46.
31-12
Financial
Equity above €500,000Eq €702,825 ▲42%
Equity rises from €494,934 to €702,825.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2,809
Net result €2,809 after 2 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
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
Registered office, Oud-Heverlee · 1 establishment unit since 1992
Ground area
1,539 m²
Building footprint
266 m²
Volume, LiDAR
1,181 m³
Parcel 24086B0288/00X000, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Vaalbeekstraat 32, 3050 Oud-Heverlee
since 19922.057.238.356
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24086B0288/00X000 | Flanders | 1,539 m² | 1 · 266 m² | 6.8 m · 1 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 31,667 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
Founded03-04-1992
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68321Property management for co-owned buildings (syndics)
82990Other business support services
Contact
E-mail
athena@athenaconsulting.beOud-Heverlee
Phone
016 40 60 66Oud-Heverlee
Fax
016 40 64 41Oud-Heverlee
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447093487
Also
9925:BE0447093487
Registered
17-02-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.