ATHLETE
ActiveSummary
ATHLETE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €360k and a net result of €51k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 92% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 6.78 against 4.55 in 2024; short-term debt: 13.4% and cash: 49.1% of total assets), and 13.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
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
86.5%
Return on assets
12.3%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
23 d early
2023
5 d early
2022
on the day
2021
2 d early
2020
16 d early
2019
19 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€360k▲ 16.5%
2024 · €309k
Total assets
€416k▲ 8.2%
2024 · €384k
Net result
€51k▼ 30.5%
2024 · €73k
Working capital
€323k▲ 22.3%
2024 · €264k
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€27k▲ 17.0%€36k▲ 29.9%€117k▲ 227%€111k▼ 5.0%€76k▼ 31.3%
Net result€20k▲ 38.4%€26k▲ 33.8%€75k▲ 187%€73k▼ 2.5%€51k▼ 30.5%
Equity€237k▲ 8.6%€263k▲ 11.1%€338k▲ 28.3%€309k▼ 8.6%€360k▲ 16.5%
Total assets€290k▲ 13.9%€287k▼ 1.1%€380k▲ 32.4%€384k▲ 1.2%€416k▲ 8.2%
Debt€53k▲ 45.3%€24k▼ 55.5%€42k▲ 77.9%€76k▲ 80.4%€56k▼ 25.8%
Working capital€233k▲ 13.9%€261k▲ 12.2%€337k▲ 28.9%€264k▼ 21.6%€323k▲ 22.3%
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 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €416k
Fixed assets
€37k ▼ 19.2%
Current assets
€379k ▲ 11.9%
Equity and liabilities €416k
Equity
€360k ▲ 16.5%
Debt
€56k ▼ 25.8%
Debt's share of the balance-sheet total falls from 19.7% to 13.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87k▼
2024 · €118k
Cash flow
€62k▼
2024 · €80k
Current ratio
6.78▲
2024 · 4.55
Quick ratio
6.26▲
2024 · 4.10
Debt to equity
0.16▼
2024 · 0.25
ROE
14.2%▼
2024 · 23.8%
ROA
12.3%▼
2024 · 19.1%
Interest coverage
19.12▲
2024 · 13.45
Debt ≤ 1 year
€56k▼
2024 · €74k
Income taxes
€24k▼
2024 · €36k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €5k | €853 | €7k | €11k | ▲ 56.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | €2k | - |
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €2k | ▲ 36.9% |
| Non-recurring operating charges66A | €0 | - | - | €3k | €63 | ▼ 97.6% |
| Gross operating margin9900 | €38k | €42k | €119k | €122k | €91k | ▼ 25.7% |
| Operating profit (loss)9901 | €27k | €36k | €117k | €111k | €76k | ▼ 31.3% |
| Financial income75/76B | €5k | €7k | €689 | €7k | €4k | ▼ 47.6% |
| Recurring financial income75 | €5k | €7k | €689 | €7k | €4k | ▼ 47.6% |
| Financial charges65/66B | €3k | €4k | €6k | €9k | €5k | ▼ 48.0% |
| Recurring financial charges65 | €3k | €4k | €6k | €9k | €5k | ▼ 48.0% |
| Profit (loss) for the period before taxes9903 | €30k | €39k | €111k | €109k | €75k | ▼ 31.0% |
| Income taxes67/77 | €10k | €13k | €36k | €36k | €24k | ▼ 32.0% |
| Profit (loss) for the period9904 | €20k | €26k | €75k | €73k | €51k | ▼ 30.5% |
| Profit (loss) for the period to be appropriated9905 | €20k | €26k | €75k | €73k | €51k | ▼ 30.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €290k | €287k | €380k | €384k | €416k | ▲ 8.2% |
| Fixed assets21/28 | €4k | €2k | €1k | €46k | €37k | ▼ 19.2% |
| Tangible fixed assets22/27 | €4k | €2k | €1k | €46k | €37k | ▼ 19.2% |
| Plant, machinery and equipment23 | €1k | €0 | - | - | - | - |
| Furniture and vehicles24 | €3k | €2k | €1k | €46k | €37k | ▼ 19.2% |
| Current assets29/58 | €286k | €285k | €378k | €338k | €379k | ▲ 11.9% |
| Stocks and contracts in progress3 | €55k | €56k | €43k | €33k | €29k | ▼ 12.0% |
| Stocks30/36 | €55k | €56k | €43k | €33k | €29k | ▼ 12.0% |
| Amounts receivable within one year40/41 | €21k | €13k | €20k | €51k | €44k | ▼ 12.8% |
| Trade receivables40 | €21k | €13k | €20k | €43k | €42k | ▼ 1.4% |
| Other amounts receivable41 | - | €100 | €0 | €8k | €2k | ▼ 71.1% |
| Current investments50/53 | - | - | €150k | €150k | €100k | ▼ 33.3% |
| Cash at bank and in hand54/58 | €210k | €215k | €164k | €100k | €204k | ▲ 104% |
| Deferred charges and accrued income490/1 | €42 | €0 | €613 | €4k | €1k | ▼ 74.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €290k | €287k | €380k | €384k | €416k | ▲ 8.2% |
| Equity10/15 | €237k | €263k | €338k | €309k | €360k | ▲ 16.5% |
| Contributions10/11 | €112k | €112k | €112k | €35k | €35k | = |
| Reserves13 | €123k | €149k | €224k | €271k | €321k | ▲ 18.5% |
| Non-distributable reserves130/1 | €7k | €7k | €7k | €0 | - | - |
| Reserves not available under the articles1311 | €7k | €7k | €7k | €0 | - | - |
| Tax-exempt reserves132 | €37k | €37k | €37k | €37k | €37k | = |
| Distributable reserves133 | €79k | €105k | €180k | €233k | €283k | ▲ 21.4% |
| Profit (loss) carried forward14 | €3k | €3k | €3k | €3k | €4k | ▲ 34.4% |
| Amounts payable17/49 | €53k | €24k | €42k | €76k | €56k | ▼ 25.8% |
| Amounts payable within one year42/48 | €53k | €24k | €42k | €74k | €56k | ▼ 24.9% |
| Trade debts44 | €35k | €7k | €25k | €52k | €47k | ▼ 8.8% |
| Suppliers440/4 | €35k | €7k | €25k | €52k | €47k | ▼ 8.8% |
| Advances received on contracts in progress46 | €3k | €0 | €2k | €3k | €2k | ▼ 35.6% |
| Taxes, remuneration and social security45 | €6k | €11k | €13k | €16k | €6k | ▼ 58.9% |
| Taxes450/3 | €6k | €11k | €13k | €16k | €6k | ▼ 58.9% |
| Other amounts payable47/48 | €9k | €5k | €1k | €4k | €277 | ▼ 93.0% |
| Accrued charges and deferred income492/3 | - | - | €10 | €1k | €310 | ▼ 74.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €26k | €75k | €73k | €51k | ▼ 30.5% |
| + Depreciation and write-downs630 | €10k | €5k | €853 | €7k | €11k | ▲ 56.6% |
| Operating cash flow (approximation) | €29k | €31k | €76k | €80k | €62k | ▼ 23.0% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €-52k | €-2k | ▲ 96.2% |
| Change in cash | - | €5k | €-51k | €-64k | €104k | ▲ 263% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €75k ▲187%
Operating result €117k, net result €75k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 12.08
Current ratio from 5.39 to 12.08; short-term debt falls from €53k to €24k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Equity above €200kEq €219k ▲10.9%
2 profitable years in a row build equity to €219k.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
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, Kortrijk · 1 establishment unit since 2001
Ground area
1,848 m²
Building footprint
253 m²
Volume, LiDAR
1,276 m³
2 parcels, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ATHLETE
since 20012.097.804.053
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0682/00W000 | Flanders | 930 m² | 1 · 110 m² | 7.5 m · 2 fl. |
| 34016C0680/00E000 | Flanders | 918 m² | 1 · 143 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,954 companies in sector 47120 we hold annual accounts for 2,189. 1,216 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
Founded11-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
46496Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.