Equity
€438,140 ▲ 5.4%
ATHENORA CONSULTING has made a profit in every financial year since 2006.
ATHENORA CONSULTING
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004Gross marginpeak €471,559 (2025)
€471,559▲ 33.4%
Resultpeak €111,157 (2006)
€77,040▲ 171%
Equitypeak €501,632 (2018)
€438,140▲ 5.4%
Debts
€697,438▼ 21.9%
Staffpeak 3 FTE (2021)
-not published
Board1 name since 2021
1 directorDESSELAS Stéphane
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €353,460 to €471,559Result from €28,426 to €77,040Debts from €893,464 to €697,438
Key points
from the 2025 annual accountsTurnover
≈ €910,000 estimated
The accounts state no turnover.
Staff
3 employees on 31-12-2025
In 2025, 2 people joined and 2 left.
Filings
22 annual accounts since 2004
Six of the last ten came late. The 2016 accounts came latest: 31 days after the end of the period.
At the same address
27 companies
Position in the sector
€438,140
More equity than 90% of companies in advertising and market research. Sector median €58,843 · 8,607 companies.
Checked score
94
Excellent
Financially stronger than 55% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: 0.1%▲ +0.1 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €1.1m
Liquidity: current ratio 2.57, cash €328,612
Founded in 2003
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 40% of them on solvency, 74% on liquidity, 50% on profitability and 54% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as ATHENORA CONSULTING has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ATHENORA CONSULTING itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for ATHENORA CONSULTING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.57 (2.46 in 2024), above the usual 1.5. Short-term debt is 16.1% and cash 28.9% of total assets. However, 61.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
50 days early
2023
23 days early
2022
21 days late
2021
3 days early
2020
2 days early
2019
11 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0479850288
Change of role: DESSELAS Stéphane, from manager to statutory director
“Le conseil aux entreprises notamment dans les domaines des affaires publiques et des affaires européennes, le…” (deed in French) · Gazette deed
First establishment
Kortenberglaan 66, Brussels
Incorporation
published on 03-04-2003 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| ATHENORA CONSULTING Brussels | €1.1m | €471,559 | 38.6% | - |
| ARCTURUS GROUP Brussels | €1.1m | €573,045 | 61.1% | 5 |
| DESLOOVER TEGELS EN NATUURSTEEN Oudenaarde | €1.2m | €505,584 | 9.1% | 9.4 |
| ANGLE DE VUE Tournai | €1.1m | €429,851 | 55.7% | 2.3 |
| C-site AAA Ghent | €1.0m | €508,884 | 44.0% | - |
| FENIRAM Kaprijke | €1.2m | €578,407 | 74.7% | - |
| ARSALIS Genappe | €1.3m | €494,652 | 86.1% | 4.1 |
These companies have the same main activity as ATHENORA CONSULTING: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €988,000 and €1.3m, founded between 2000 and 2005.
Official details
Source: KBO- Status
- Active since 26-03-2003Normal situation
- Registered office
- 29 active companies are registered at this addressSource: KBO register, as of 6 November 2026.
- Activity
- Public relations and communication consultancyNACE 73300and 1 other
- Establishment unit
- 2.131.763.3571000 Brussels, since 15-05-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Annual accounts 2025
- Total assets
- €1.1m▼ 13.3%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 31-08-2026
Insights on ATHENORA CONSULTING
ATHENORA CONSULTING files the micro format. That format states no turnover. The gross margin rose from €172,483 in 2006 to €471,559 in 2025.
The balance sheet grew most from 2013 to 2015 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ATHENORA CONSULTING
- What is the company number of ATHENORA CONSULTING?
- The company number of ATHENORA CONSULTING is 0479.850.288. The VAT number is the same number with BE in front: BE 0479.850.288.
- Where is ATHENORA CONSULTING based?
- The registered office is at Kortenberglaan 66, 1000 Brussels.Company details
- What does ATHENORA CONSULTING do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of ATHENORA CONSULTING?
- ATHENORA CONSULTING is a private limited company (BV).
- When was ATHENORA CONSULTING founded?
- ATHENORA CONSULTING was founded on 26-03-2003.
- Is ATHENORA CONSULTING still active?
- Yes, ATHENORA CONSULTING is an active enterprise in the KBO register.
- How many employees does ATHENORA CONSULTING have?
- ATHENORA CONSULTING had an average of 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ATHENORA CONSULTING?
- The turnover in financial year 2025 is ≈ €910,000. This figure is estimated from the gross margin of €471,559 and 46 comparable companies (NACE 73). It probably lies between €630,000 and €1.2m.
- Is ATHENORA CONSULTING profitable?
- In financial year 2025, ATHENORA CONSULTING made a profit of €77,040.
- Where can I find the annual accounts of ATHENORA CONSULTING?
- ATHENORA CONSULTING filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ATHENORA CONSULTING due?
- ATHENORA CONSULTING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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