ATHEX Benelux
ActiveATHEX Benelux has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27k and a net result of €5k. Equity is growing by ~31.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 16989 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-13
Solvency45▼-32
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 3.5 against 2.07 in 2024; short-term debt: 25.5% and cash: 57.5% of total assets), but 80.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.6%
Return on assets
3.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 16989 sector peers (2025).
NBB · sector comparisonPosition among 16989 sector peers
Solvency
better than 21%
← weakest
strongest →
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 · 3 filingsDeviation from the deadline
2025
24 d early
2024
30 d early
2023
22 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€27k▲ 24.4%
2024 · €22k
2023: €13k
2024: €22k
2023 → 2025
Total assets
€137k▲ 229%
2024 · €42k
2023: €21k
2024: €42k
2023 → 2025
Net result
€5k▼ 36.5%
2024 · €8k
2023: €10k
2024: €8k
2023 → 2025
Working capital
€87k▲ 306%
2024 · €21k
2023: €13k
2024: €21k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€13k-€22k▲ 62.5%€27k▲ 24.4%
Operating result€13k-€13k▼ 0.1%€11k▼ 16.8%
Net result€10k-€8k▼ 19.1%€5k▼ 36.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 17% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137k
Fixed assets
€15k▲ 18,416%
Current assets
€122k▲ 194%
Equity and liabilities €137k
Equity
€27k▲ 24.4%
Debt
€110k▲ 448%
The debt ratio rises from 48.2% to 80.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12k
Cash flow
€6k
Solvency
19.6%▼
2024 · 51.8%
Current ratio
3.50▲
2024 · 2.07
Quick ratio
3.50▲
2024 · 2.07
Debt / equity
4.10▲
2024 · 0.93
ROE
19.6%▼
2024 · 38.5%
ROA
3.9%▼
2024 · 19.9%
Interest coverage
27.79
Debt
€110k▲
2024 · €20k
Debt ≤ 1 year
€35k▲
2024 · €20k
Debt > 1 year
€75k
Income taxes
€5k▲
2024 · €4k
Staff costs
€87k▲
2024 · €48k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€42k€137k▲
Fixed assets21/28€80€15k▲
Tangible fixed assets22/27-€15k
Furniture and vehicles24-€15k
Financial fixed assets28€80€0▼
Current assets29/58€41k€122k▲
Amounts receivable within one year40/41€74€21k▲
Trade receivables40-€21k
Other amounts receivable41€74€5▼
Cash at bank and in hand54/58€41k€78k▲
Deferred charges and accrued income490/1€463€22k▲
Equity and liabilities
Total equity and liabilities10/49€42k€137k▲
Equity10/15€22k€27k▲
Contributions10/11€3k€3k=
Reserves13€19k€24k▲
Distributable reserves133€19k€24k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€20k€110k▲
Amounts payable after more than one year17-€75k
Financial debts170/4-€75k
Amounts payable within one year42/48€20k€35k▲
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€13k€23k▲
Taxes450/3€7k€11k▲
Remuneration and social security454/9€7k€12k▲
Other amounts payable47/48€4k€6k▲
Income statement
Code20242025
Remuneration, social security and pensions62€48k€87k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8€575€548▼
Gross operating margin9900€61k€99k▲
Operating profit (loss)9901€13k€11k▼
Financial income75/76B-€19
Recurring financial income75-€19
Financial charges65/66B€577€424▼
Recurring financial charges65€577€424▼
Profit (loss) for the period before taxes9903€12k€10k▼
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€8k€5k▼
Profit (loss) for the period to be appropriated9905€8k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€5k▼
Profit (loss) brought forward from the previous period14P€10k€0▼
Transfer to equity691/2€19k€5k▼
To other reserves6921€19k€5k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €5k ▼36.5%
Net result drops to €5k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zandhoven · 1 establishment unit since 2023
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.
Vierselbaan 402240 ZandhovenGround area
7,062 m²
Building footprint
3,680 m²
Volume, LiDAR
23,987 m³
Parcel 11054C0607/00K000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ATHEX Benelux
since 20232.349.765.018
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11054C0607/00K000 | Flanders | 7,061 m² | 1 · 3,680 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2024 to 2025 · 2 entries · 787 EUR awarded · 787 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 422 EUR | 422 EUR |
| 2024 | 1 | 365 EUR | 365 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,392. 14,002 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-09-2023
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.