Active BE 0785.307.644Private limited company

Athilex

Oude Heirweg 16 ·8851 Ardooie, Belgium· 4 yrs active

Sector: Wholesale trade (46140)

Conclusion Checked

The computed 12-month bankruptcy probability of Athilex is 1.2% (low). The 2025 annual accounts show equity of €5.02M and a net result of €1.05M. Equity is growing by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 64% of 179 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€5.02M
Net result	€1.05M
Staff (FTE)	4.2
Better than sector	64%

Snowflake analysis 5 axes · computed by Checked

78 / 100

Exceptional profile, strong across almost every axis.

Health 85

Profitability 65

Solvency 86

Growth 62

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

1.2% Low

0%0,5%1,5%4%10%≥25%

Young company +Annual accounts: healthy financial profile −Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2025 · computed

85 / 100 Excellent

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview4 NBB filings

Annual accounts filed on 21-04-2026 with the NBB · fiscal year 2025 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~29.6%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	52.5%	42.8%	better than 64% of 179 sector peers
Net result	€1.05M	€186k	better than 80% of 179 sector peers
Equity	€5.02M	€1.19M	better than 76% of 179 sector peers
Staff costs	€225k	€777k	higher than 28% of 136 sector peers
Employees (FTE)	4.2	10.2	better than 31% of 132 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€20.86M

+13.9% 22-25

EBITDA

€1.83M

+22.9% far above sector median

Net profit

€1.05M

-5.1% far above sector median

Cash flow

€1.43M

+23.9% far above sector median

Total assets

€9.56M

+28.1% far above sector median

Equity

€5.02M

+21.7% far above sector median

Working capital

€2.49M

-34.1% +272% vs sector

Employees (FTE)

4

+31.3% +282% vs sector

Staff costs

€225k

+45.0% +103% vs sector

Income taxes

€333k

+3.4% far above sector median

Debt

€4.54M

+35.9% far above sector median

Debt ≤ 1y

€4.47M

+34.5% far above sector median

Current ratio

1.56

-27.1% -37% vs sector

Quick ratio

0.40

-18.1% -84% vs sector

Solvency

52.5%

-5.0% -3% vs sector

Debt / equity

0.90

+11.7% +21% vs sector

ROE

21.0%

-22.1% -23% vs sector

ROA

11.0%

-25.9% +123% vs sector

Net margin

5.0%

-16.7% 22-25

EBITDA margin

8.8%

+7.9% 22-25

Interest coverage

29.17

+3.8% -91% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Revenue	€20.86M
EBITDA	€1.83M
Net profit	€1.05M
Cash flow	€1.43M
Staff costs	€225k
Income taxes	€333k
Dividends	-
Total assets	€9.56M
Equity	€5.02M
Debt	€4.54M
of which ≤ 1y	€4.47M
of which > 1y	-
Working capital	€2.49M
Employees (FTE)	4.2

Ratios (computed)

	2025
Current ratio	1.56
Quick ratio	0.40
Working capital ratio	26.1%
Solvency	52.5%
Debt / equity	0.90
Long-term debt ratio	-
Interest coverage	29.17
Gross margin	15.3%
Net margin	5.0%
ROA	11.0%
ROE	21.0%
EBITDA margin	8.8%
Days sales outstanding	24d
Days payable outstanding	15d
Inventory turnover	3.41
Days inventory (DSI)	107d

Balance-sheet composition 2025

Assets

Fixed assets €2.59M · 27.1% Current assets €6.97M · 72.9%

Equity & liabilities

Equity €5.02M · 52.5% Debt €4.54M · 47.5%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€9.56M
Fixed assets	21/28	€2.59M
Formation expenses	20	€60
Tangible fixed assets	22/27	€2.59M
Current assets	29/58	€6.97M
Stocks & contracts in progress	3	€5.18M
Amounts receivable within one year	40/41	€1.49M
Cash & bank	54/58	€269k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€9.56M
Equity	10/15	€5.02M
Contributions / capital	10/11	€99k
Reserves	13	€1.39M
Accumulated profits (losses)	14	€3.53M
Amounts payable	17/49	€4.54M
Amounts payable within one year	42/48	€4.47M
Trade debts payable within one year	44	€714k
Income statement
Turnover	70	€20.86M
Operating result	9901	€1.45M
Financial income	75	€65k
Financial charges	65	€135k
Result before taxes	9903	€1.39M
Income taxes	67/77	€333k
Net result for the period	9904	€1.05M
Result to be appropriated	9905	€589k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Wholesale trade(46140)
Legal form	Private limited company(610)
Incorporation	22-04-2022
Status	Active
Postal code	8851

Establishment units 1 location

Athilex

Oude Heirweg 16, 8851 ArdooieVervaardiging van elektromotoren en van elektrische generatoren en transformatoren

since 20222.330.368.580

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
37005C0589/00L006	Flanders	995 m²	1 · 159 m²	12.8 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

21-04-2026

NBB filing Annual accounts filed

fiscal year 2025 · volledig

2025

17-07-2025

NBB filing Annual accounts filed

fiscal year 2024 · volledig

02-05-2025

State Gazette act Director changes

2024

24-07-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

2023

06-02-2023

NBB filing Annual accounts filed

fiscal year 2022 · verkort

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2025

02-05-2025 Auditas Bedrijfsrevisoren appointed as statutory auditor Director changes

Auditas Bedrijfsrevisoren, Commissaris

Original publication ↗

Technical details

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Company registry (CBE) Crossroads Bank

Activities

Handelsbemiddeling in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen46140Handelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen46140Groothandel in elektrisch materiaal, inclusief installatiemateriaal46643Groothandel in elektrisch materiaal, inclusief installatiemateriaal46693Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren27110Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren27110Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Elektrotechnische installatiewerken, uitgezonderd aan gebouwen43212Elektrotechnische installatiewerken van nijverheidsinrichtingen43212Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999

Primary activity highlighted.

Names & trade names

Legal nameNL

Athilex

Registered office

Oude Heirweg 16 bus OA02

8851 Ardooie, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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