Summary
ATHRÚ 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 €18,802 and a net result of €18,702. Equity is shrinking by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 21% of 8074 sector peers (fiscal year 2025). The company has been active since 2020 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 · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
25 d late
2024
42 d early
2023
78 d early
2022
38 d early
2021
26 d early
2020
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 24 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, micro schema
Equity
€18,802▼ 18.0%
2024 · €22,919
Net result
€18,702▲ 8.8%
2024 · €17,185
Total assets
€118,099▼ 18.4%
2024 · €144,669
Solvency
15.9%▲ 0.1pp
2024 · 15.8%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,193▼ 64.8%€29,630▲ 72.3%€18,608▼ 37.2%€27,166▲ 46.0%€27,898▲ 2.7%
Net result€12,806within the sector's middle half▼ 66.9%€19,577within the sector's middle half▲ 52.9%€9,565within the sector's middle half▼ 51.1%€17,185within the sector's middle half▲ 79.7%€18,702within the sector's middle half▲ 8.8%
Equity€51,592within the sector's middle half▲ 33.0%€71,169within the sector's middle half▲ 37.9%€5,734below the sector's middle half▼ 91.9%€22,919below the sector's middle half▲ 300%€18,802below the sector's middle half▼ 18.0%
Total assets€102,330below the sector's middle half▲ 55.5%€201,969within the sector's middle half▲ 97.4%€178,806within the sector's middle half▼ 11.5%€144,669within the sector's middle half▼ 19.1%€118,099below the sector's middle half▼ 18.4%
Debt€50,738▲ 87.8%€130,799▲ 158%€173,072▲ 32.3%€121,750▼ 29.7%€99,296▼ 18.4%
Working capital€42,787▲ 20.5%€57,125▲ 33.5%-€23,994-€30,695▼ 27.9%-€46,045▼ 50.0%
Solvency50.4%within the sector's middle half▼ 8.5pp35.2%within the sector's middle half▼ 15.2pp3.2%below the sector's middle half▼ 32.0pp15.8%below the sector's middle half▲ 12.6pp15.9%below the sector's middle half▲ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118,099
Fixed assets
€98,780 ▼ 3.6%
Current assets
€19,318 ▼ 54.3%
Equity and liabilities €118,099
Equity
€18,802 ▼ 18.0%
Debt
€99,296 ▼ 18.4%
Debt's share of the balance-sheet total falls from 84.2% to 84.1%. Equity and debt are lower.
Key figures and ratios
ROE
99.5%▲
2024 · 75.0%
ROA
15.8%▲
2024 · 11.9%
Debt ≤ 1 year
€65,363▼
2024 · €72,945
Debt > 1 year
€33,933▼
2024 · €48,804
Income taxes
€7,316▼
2024 · €7,615
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 | €1,251 | €1,382 | €1,379 | €3,153 | €3,638 | ▲ 15.4% |
| Other operating charges640/8 | €156 | €159 | €760 | €649 | €585 | ▼ 9.8% |
| Gross operating margin9900 | €18,599 | €31,171 | €20,747 | €30,968 | €32,121 | ▲ 3.7% |
| Operating profit (loss)9901 | €17,193 | €29,630 | €18,608 | €27,166 | €27,898 | ▲ 2.7% |
| Financial income75/76B | - | €0 | - | - | €66 | - |
| Recurring financial income75 | - | €0 | - | - | €66 | - |
| Financial charges65/66B | €660 | €4,570 | €3,292 | €2,366 | €1,946 | ▼ 17.8% |
| Recurring financial charges65 | €660 | €4,570 | €3,292 | €2,366 | €1,946 | ▼ 17.8% |
| Profit (loss) for the period before taxes9903 | €16,533 | €25,061 | €15,315 | €24,800 | €26,018 | ▲ 4.9% |
| Income taxes67/77 | €3,727 | €5,484 | €5,751 | €7,615 | €7,316 | ▼ 3.9% |
| Profit (loss) for the period9904 | €12,806 | €19,577 | €9,565 | €17,185 | €18,702 | ▲ 8.8% |
| Profit (loss) for the period to be appropriated9905 | €12,806 | €19,577 | €9,565 | €17,185 | €18,702 | ▲ 8.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €102,330 | €201,969 | €178,806 | €144,669 | €118,099 | ▼ 18.4% |
| Fixed assets21/28 | €22,024 | €97,460 | €96,080 | €102,418 | €98,780 | ▼ 3.6% |
| Tangible fixed assets22/27 | €2,024 | €2,460 | €1,080 | €7,418 | €3,780 | ▼ 49.0% |
| Plant, machinery and equipment23 | €2,024 | €2,460 | €1,080 | €2,049 | €1,003 | ▼ 51.0% |
| Furniture and vehicles24 | - | - | - | €5,369 | €2,777 | ▼ 48.3% |
| Financial fixed assets28 | €20,000 | €95,000 | €95,000 | €95,000 | €95,000 | = |
| Current assets29/58 | €80,306 | €104,509 | €82,725 | €42,251 | €19,318 | ▼ 54.3% |
| Amounts receivable within one year40/41 | - | €8,172 | €7,960 | €620 | - | - |
| Trade receivables40 | - | €8,172 | - | - | - | - |
| Other amounts receivable41 | - | - | €7,960 | €620 | - | - |
| Cash at bank and in hand54/58 | €80,306 | €96,337 | €74,765 | €41,630 | €19,318 | ▼ 53.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €102,330 | €201,969 | €178,806 | €144,669 | €118,099 | ▼ 18.4% |
| Equity10/15 | €51,592 | €71,169 | €5,734 | €22,919 | €18,802 | ▼ 18.0% |
| Contributions10/11 | €100 | €100 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €51,492 | €71,069 | €5,634 | €22,819 | €18,702 | ▼ 18.0% |
| Amounts payable17/49 | €50,738 | €130,799 | €173,072 | €121,750 | €99,296 | ▼ 18.4% |
| Amounts payable after more than one year17 | €13,219 | €83,415 | €66,352 | €48,804 | €33,933 | ▼ 30.5% |
| Financial debts170/4 | €13,219 | €83,415 | €66,352 | €48,804 | €33,933 | ▼ 30.5% |
| Amounts payable within one year42/48 | €37,519 | €47,385 | €106,719 | €72,945 | €65,363 | ▼ 10.4% |
| Current portion of amounts payable after more than one year42 | €3,904 | €16,603 | €17,062 | €17,548 | €14,869 | ▼ 15.3% |
| Trade debts44 | €2,996 | €9,211 | €6,013 | €6,334 | €12,242 | ▲ 93.3% |
| Suppliers440/4 | €2,996 | €9,211 | €6,013 | €6,334 | €12,242 | ▲ 93.3% |
| Taxes, remuneration and social security45 | €22,322 | €12,926 | €11,250 | €10,414 | €3,251 | ▼ 68.8% |
| Taxes450/3 | €19,322 | €12,926 | €11,250 | €10,414 | €3,251 | ▼ 68.8% |
| Remuneration and social security454/9 | €3,000 | - | - | - | - | - |
| Other amounts payable47/48 | €8,297 | €8,644 | €72,394 | €38,650 | €35,001 | ▼ 9.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,806 | €19,577 | €9,565 | €17,185 | €18,702 | ▲ 8.8% |
| + Depreciation and write-downs630 | €1,251 | €1,382 | €1,379 | €3,153 | €3,638 | ▲ 15.4% |
| Operating cash flow (approximation) | €14,057 | €20,959 | €10,944 | €20,337 | €22,340 | ▲ 9.8% |
| Investment in fixed assets (approximation) | - | -€76,817 | €0 | -€9,490 | €0 | ▲ 100% |
| Change in cash | - | €16,031 | -€21,572 | -€33,134 | -€22,312 | ▲ 32.7% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €9,565 ▼51.1%
Net result drops to €9,565, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 2020
Ground area
145 m²
Building footprint
72 m²
Volume, LiDAR
476 m³
Parcel 11051C0034/00N003, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ATHRÚ
since 20202.297.530.221
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051C0034/00N003 | Flanders | 145 m² | 1 · 72 m² | 10.2 m · 3 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 7,212 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
Founded07-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740863531
Also
9925:BE0740863531
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.