Summary
ATHENUS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.4m and a net result of €14,395. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 37% of 5565 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
6 d early
2023
1 d early
2022
21 d early
2021
11 d early
2020
9 d early
2019
15 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 12 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€2.4m▲ 0.6%
2024 · €2.4m
Net result
€14,395▼ 95.8%
2024 · €339,066
Total assets
€6.4m▼ 3.7%
2024 · €6.7m
Solvency
37.3%▲ 1.6pp
2024 · 35.7%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€815,441▲ 3.0%€467,482€322,797▼ 30.9%€457,832▲ 41.8%€76,133▼ 83.4%
Net result-€859,927▼ 4.3%€292,826€219,948▼ 24.9%€339,066▲ 54.2%€14,395▼ 95.8%
Equity€1.5m▼ 36.0%€1.8m▲ 19.1%€2.0m▲ 12.1%€2.4m▲ 16.6%€2.4m▲ 0.6%
Total assets€5.3m▲ 33.2%€6.0m▲ 13.2%€6.0m▼ 1.1%€6.7m▲ 12.0%€6.4m▼ 3.7%
Debt€3.8m▲ 137%€4.2m▲ 10.8%€3.9m▼ 6.8%€4.3m▲ 9.7%€4.0m▼ 6.1%
Working capital€1.1m▼ 33.4%€673,137▼ 36.5%€578,923▼ 14.0%-€178,787-€404,219▼ 126%
Solvency28.8%▼ 31.1pp30.3%▲ 1.5pp34.3%▲ 4.0pp35.7%▲ 1.4pp37.3%▲ 1.6pp
Staff (FTE)0.8▼ 20.0%0▼ 100%000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2025 Net result -96% on 2024. Cause not known from the registers.
- 2024 Net result +54% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 83% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.4m
Fixed assets
€5.5m =
Current assets
€939,821 ▼ 20.7%
Equity and liabilities €6.4m
Equity
€2.4m ▲ 0.6%
Debt
€4.0m ▼ 6.1%
Debt's share of the balance-sheet total falls from 64.3% to 62.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.6%▼
2024 · 14.2%
ROA
0.2%▼
2024 · 5.1%
Debt ≤ 1 year
€1.3m▼
2024 · €1.4m
Debt > 1 year
€2.7m▼
2024 · €2.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €325,816 | €181,120 | €181,120 | €181,120 | = |
| Remuneration, social security and pensions62 | €41,426 | €0 | €581 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €765,217 | €165,893 | €171,897 | €193,274 | €204,000 | ▲ 5.5% |
| Other operating charges640/8 | €160,664 | €188,678 | €189,900 | €192,933 | €243,423 | ▲ 26.2% |
| Non-recurring operating charges66A | €4.0m | €0 | - | - | - | - |
| Gross operating margin9900 | €4.2m | €822,052 | €685,175 | €844,039 | €523,555 | ▼ 38.0% |
| Operating profit (loss)9901 | -€815,441 | €467,482 | €322,797 | €457,832 | €76,133 | ▼ 83.4% |
| Financial income75/76B | €650 | €2,882 | €9 | €2,768 | €607 | ▼ 78.1% |
| Recurring financial income75 | €650 | €2,882 | €9 | €2,768 | €607 | ▼ 78.1% |
| Financial charges65/66B | €45,135 | €78,481 | €102,858 | €121,534 | €62,345 | ▼ 48.7% |
| Recurring financial charges65 | €45,135 | €78,481 | €102,858 | €121,534 | €62,345 | ▼ 48.7% |
| Profit (loss) for the period before taxes9903 | -€859,927 | €391,882 | €219,948 | €339,066 | €14,395 | ▼ 95.8% |
| Income taxes67/77 | - | €99,057 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€859,927 | €292,826 | €219,948 | €339,066 | €14,395 | ▼ 95.8% |
| Profit (loss) for the period to be appropriated9905 | -€859,927 | €292,826 | €219,948 | €339,066 | €14,395 | ▼ 95.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.3m | €6.0m | €6.0m | €6.7m | €6.4m | ▼ 3.7% |
| Fixed assets21/28 | €4.0m | €5.0m | €5.1m | €5.5m | €5.5m | = |
| Tangible fixed assets22/27 | €4.0m | €5.0m | €5.1m | €5.5m | €5.5m | = |
| Land and buildings22 | €3.7m | €4.5m | €4.5m | €5.2m | €5.3m | ▲ 1.2% |
| Plant, machinery and equipment23 | - | - | €143,906 | €128,886 | €113,865 | ▼ 11.7% |
| Furniture and vehicles24 | €23,355 | €17,020 | €11,664 | €9,686 | €106,551 | ▲ 1,000% |
| Assets under construction and advance payments27 | €227,564 | €435,128 | €374,795 | €144,469 | €0 | ▼ 100% |
| Financial fixed assets28 | €355 | €355 | €355 | €355 | €435 | ▲ 22.5% |
| Current assets29/58 | €1.3m | €1.1m | €879,810 | €1.2m | €939,821 | ▼ 20.7% |
| Amounts receivable within one year40/41 | €616,711 | €357,653 | €224,793 | €182,578 | €119,514 | ▼ 34.5% |
| Trade receivables40 | €379,214 | €70,871 | €114,023 | €132,578 | €86,252 | ▼ 34.9% |
| Other amounts receivable41 | €237,496 | €286,782 | €110,769 | €50,000 | €33,262 | ▼ 33.5% |
| Current investments50/53 | €415,195 | €415,195 | €415,195 | €415,195 | €415,195 | = |
| Cash at bank and in hand54/58 | €171,385 | €174,147 | €134,846 | €473,688 | €284,416 | ▼ 40.0% |
| Deferred charges and accrued income490/1 | €135,541 | €111,606 | €104,976 | €114,234 | €120,696 | ▲ 5.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.3m | €6.0m | €6.0m | €6.7m | €6.4m | ▼ 3.7% |
| Equity10/15 | €1.5m | €1.8m | €2.0m | €2.4m | €2.4m | ▲ 0.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1.5m | €1.8m | €2.0m | €2.4m | €2.4m | ▲ 0.6% |
| Distributable reserves133 | €1.5m | €1.8m | €2.0m | €2.4m | €2.4m | ▲ 0.6% |
| Amounts payable17/49 | €3.8m | €4.2m | €3.9m | €4.3m | €4.0m | ▼ 6.1% |
| Amounts payable after more than one year17 | €3.5m | €3.8m | €3.6m | €2.9m | €2.7m | ▼ 7.9% |
| Financial debts170/4 | €3.5m | €3.8m | €3.6m | €2.9m | €2.7m | ▼ 7.9% |
| Amounts payable within one year42/48 | €278,366 | €385,464 | €300,886 | €1.4m | €1.3m | ▼ 1.5% |
| Current portion of amounts payable after more than one year42 | €229,691 | €215,903 | €219,698 | €241,235 | €246,593 | ▲ 2.2% |
| Financial debts43 | €16,731 | €16,745 | €16,920 | €0 | - | - |
| Credit institutions430/8 | €16,731 | €16,745 | €16,920 | €0 | - | - |
| Trade debts44 | €30,482 | €53,129 | €61,750 | €306,456 | €168,878 | ▼ 44.9% |
| Suppliers440/4 | €30,482 | €53,129 | €61,750 | €306,456 | €168,878 | ▼ 44.9% |
| Taxes, remuneration and social security45 | €1,462 | €99,686 | €2,518 | €26,540 | €10,560 | ▼ 60.2% |
| Taxes450/3 | €303 | €99,686 | €2,518 | €26,540 | €10,560 | ▼ 60.2% |
| Remuneration and social security454/9 | €1,159 | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €790,252 | €918,009 | ▲ 16.2% |
| Accrued charges and deferred income492/3 | €11,061 | €53,636 | €46,526 | €16,785 | €4,820 | ▼ 71.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€859,927 | €292,826 | €219,948 | €339,066 | €14,395 | ▼ 95.8% |
| + Depreciation and write-downs630 | €765,217 | €165,893 | €171,897 | €193,274 | €204,000 | ▲ 5.5% |
| Operating cash flow (approximation) | -€94,710 | €458,718 | €391,845 | €532,339 | €218,395 | ▼ 59.0% |
| Investment in fixed assets (approximation) | - | -€1.1m | -€285,867 | -€604,241 | -€203,373 | ▲ 66.3% |
| Change in cash | - | €2,762 | -€39,301 | €338,842 | -€189,272 | ▼ 156% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2mEq €2.0m ▲12.1%
2 profitable years in a row build equity to €2.0m.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €292,826
Net result €292,826 after 2 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€859,927
Net result drops to -€859,927, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 9.84
Current ratio from 4.13 to 9.84; short-term debt falls from €907,711 to €180,069.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €2.3m ▲729%
Net result €2.3m, the highest in the series.
Show earlier events
31-12
Financial
Equity above €2mEq €3.2m ▲249%
2 profitable years in a row build equity to €3.2m.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 1 establishment unit since 2013
Ground area
3,513 m²
Building footprint
1,136 m²
Volume, LiDAR
27,578 m³
Parcel 11802B2284/00A000, Flanders · tallest building 32.3 m, ±9 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
ATHENUS
since 20132.217.915.292
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B2284/00A000 | Flanders | 3,513 m² | 1 · 1,136 m² | 32.3 m · 9 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 346 EUR awarded · 346 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 346 EUR | 346 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 10,363 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
Founded01-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
46180Agents specialised in the wholesale of other particular products
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70100Activities of head offices
70200Business and other management consultancy
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502969744
Also
9925:BE0502969744
Registered
20-02-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.