ATIBELS
InactiveFinancials · financial year 2025, abbreviated format
Turnover
€114,422▲ 4.4%
2024 · €109,587
EBIT margin
7.3%▲ 7.0pp
2024 · 0.3%
Net result
€4,241
2024 · -€4,187
Working capital
€52,850▼ 2.1%
2022 · €53,986
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 2,233% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€114,422
2025
Operating result€8,330
2025
Net result€4,241
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€149,138
2025
Equity€149,138
2025
Debt€6,954
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€52,850
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin7.3%
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920212022202320242025
Turnover€227,300-€181,216▼ 20.3%€129,417-€109,217▼ 15.6%€139,073▲ 27.3%€109,587▼ 21.2%€114,422▲ 4.4%
Operating result€36,622-€32,093▼ 12.4%-€5,026-€13,426€27,646▲ 106%€357▼ 98.7%€8,330▲ 2,233%
Net result€14,741-€18,928▲ 28.4%-€9,790-€8,104€20,326▲ 151%-€4,187€4,241
EBIT margin16.1%-17.7%▲ 1.6pp-3.9%-12.3%▲ 16.2pp19.9%▲ 7.6pp0.3%▼ 19.6pp7.3%▲ 7.0pp
Equity€153,279-€124,496▼ 18.8%€115,432-€128,759▲ 11.5%€149,084▲ 15.8%€144,897▼ 2.8%€149,138▲ 2.9%
Total assets€224,436-€172,504▼ 23.1%€152,980-€147,012▼ 3.9%€156,038▲ 6.1%€144,897▼ 7.1%€149,138▲ 2.9%
Debt€61,157-€48,008▼ 21.5%€32,325-€18,253▼ 43.5%€6,954▼ 61.9%
Working capital€100,583-€53,904-€53,986▲ 0.2%€52,850▼ 2.1%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149,138
Fixed assets
€79,807 ▼ 12.0%
Current assets
€69,331 ▲ 27.8%
Key figures and ratios
EBITDA
€23,581▲
2024 · €11,051
Cash flow
€19,492▲
2024 · €6,507
Solvency
100.0%=
2024 · 100.0%
ROE
2.8%▲
2024 · -2.9%
ROA
2.8%▲
2024 · -2.9%
Interest coverage
8.37▲
2024 · 3.59
Income taxes
€1,125▼
2024 · €1,271
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €227,300 | €181,216 | €129,417 | €109,217 | €139,073 | €109,587 | €114,422 | ▲ 4.4% |
| Non-recurring operating income76A | €1,810 | - | €9,170 | €9,026 | €9,636 | €9,636 | €15,590 | ▲ 61.8% |
| Goods, raw materials, services and sundry goods60/61 | €140,814 | €123,098 | €122,126 | - | €105,180 | €105,494 | €101,863 | ▼ 3.4% |
| Remuneration, social security and pensions62 | €18,143 | €9,107 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,466 | €14,602 | €10,989 | €8,583 | €13,590 | €10,694 | €15,251 | ▲ 42.6% |
| Other operating charges640/8 | €1,064 | €2,317 | €2,298 | €2,454 | €2,208 | €2,678 | €4,568 | ▲ 70.6% |
| Non-recurring operating charges66A | - | - | €8,200 | €175 | €85 | - | - | - |
| Gross operating margin9900 | €88,296 | €58,119 | €16,461 | €24,638 | €43,529 | €13,729 | €28,149 | ▲ 105% |
| Operating profit (loss)9901 | €36,622 | €32,093 | -€5,026 | €13,426 | €27,646 | €357 | €8,330 | ▲ 2,233% |
| Financial income75/76B | €64 | €4,186 | €1 | €93 | - | €31 | €7 | ▼ 77.4% |
| Recurring financial income75 | €64 | €4,186 | €1 | €93 | - | €31 | €7 | ▼ 77.4% |
| Financial charges65/66B | €13,905 | €12,501 | €4,765 | €2,586 | €2,239 | €3,304 | €2,971 | ▼ 10.1% |
| Recurring financial charges65 | €13,860 | €12,021 | €4,347 | €2,586 | €2,239 | €3,078 | €2,818 | ▼ 8.4% |
| Non-recurring financial charges66B | €45 | €480 | €418 | - | - | €226 | €153 | ▼ 32.3% |
| Profit (loss) for the period before taxes9903 | €22,781 | €23,778 | -€9,790 | €10,933 | €25,407 | -€2,916 | €5,366 | - |
| Income taxes67/77 | €8,040 | €4,850 | - | €2,829 | €5,081 | €1,271 | €1,125 | ▼ 11.5% |
| Profit (loss) for the period9904 | €14,741 | €18,928 | -€9,790 | €8,104 | €20,326 | -€4,187 | €4,241 | - |
| Profit (loss) for the period to be appropriated9905 | €14,741 | €18,928 | -€9,790 | €8,104 | €20,326 | -€4,187 | €4,241 | - |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €224,436 | €172,504 | €152,980 | €147,012 | €156,038 | €144,897 | €149,138 | ▲ 2.9% |
| Fixed assets21/28 | €121,336 | €106,734 | €96,728 | €90,350 | €98,352 | €90,654 | €79,807 | ▼ 12.0% |
| Tangible fixed assets22/27 | €121,336 | €106,734 | €96,728 | €90,350 | €98,352 | €90,654 | €79,807 | ▼ 12.0% |
| Land and buildings22 | €121,336 | €106,734 | €83,082 | €76,704 | €88,207 | €84,010 | €75,465 | ▼ 10.2% |
| Furniture and vehicles24 | - | - | €13,646 | €13,646 | €10,145 | €6,644 | €4,342 | ▼ 34.6% |
| Current assets29/58 | €103,100 | €65,770 | €56,252 | €56,662 | €57,686 | €54,243 | €69,331 | ▲ 27.8% |
| Amounts receivable within one year40/41 | €60,489 | €50,337 | €36,786 | €44,274 | €45,608 | €51,108 | €58,108 | ▲ 13.7% |
| Trade receivables40 | €4,771 | - | - | - | - | - | - | - |
| Other amounts receivable41 | €55,718 | €50,337 | €36,786 | €44,274 | €45,608 | €51,108 | €58,108 | ▲ 13.7% |
| Cash at bank and in hand54/58 | - | €1,765 | €7,477 | €397 | €89 | €3,135 | €11,223 | ▲ 258% |
| Deferred charges and accrued income490/1 | €42,611 | €13,668 | €11,989 | €11,991 | €11,989 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €224,436 | €172,504 | €152,980 | €147,012 | €156,038 | €144,897 | €149,138 | ▲ 2.9% |
| Equity10/15 | €153,279 | €124,496 | €115,432 | €128,759 | €149,084 | €144,897 | €149,138 | ▲ 2.9% |
| Contributions10/11 | €61,873 | €18,500 | €18,500 | €18,500 | €18,500 | €18,500 | €18,500 | = |
| Capital10 | €61,873 | €18,500 | - | - | €18,500 | €18,500 | €18,500 | = |
| Issued capital100 | €61,873 | €18,500 | - | - | €18,500 | €18,500 | €18,500 | = |
| Reserves13 | €6,197 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €6,197 | €1,860 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | - | - | - | - | - |
| Profit (loss) carried forward14 | €85,208 | €104,136 | €95,072 | €108,399 | €128,724 | €124,537 | €128,778 | ▲ 3.4% |
| Provisions and deferred taxes16 | €10,000 | - | €5,223 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €10,000 | - | €5,223 | - | - | - | - | - |
| Other liabilities and charges164/5 | €10,000 | - | €5,223 | - | - | - | - | - |
| Amounts payable17/49 | €61,157 | €48,008 | €32,325 | €18,253 | €6,954 | - | - | - |
| Amounts payable after more than one year17 | €58,640 | €48,008 | €29,977 | €15,577 | €2,118 | - | - | - |
| Financial debts170/4 | €58,640 | €48,008 | €29,977 | €15,577 | €2,118 | - | - | - |
| Amounts payable within one year42/48 | €2,517 | - | €2,348 | €2,676 | €4,836 | - | - | - |
| Current portion of amounts payable after more than one year42 | €2,517 | - | €2,348 | €2,348 | €2,255 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €328 | €2,581 | - | - | - |
| Taxes450/3 | - | - | - | €328 | €2,581 | - | - | - |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,741 | €18,928 | -€9,790 | €8,104 | €20,326 | -€4,187 | €4,241 | - |
| + Depreciation and write-downs630 | €32,466 | €14,602 | €10,989 | €8,583 | €13,590 | €10,694 | €15,251 | ▲ 42.6% |
| Operating cash flow (approximation) | €47,207 | €33,530 | €1,199 | €16,687 | €33,916 | €6,507 | €19,492 | ▲ 200% |
| Investment in fixed assets (approximation) | - | €0 | - | -€2,205 | -€21,592 | -€2,996 | -€4,404 | ▼ 47.0% |
| Change in cash | - | - | - | -€7,080 | -€308 | €3,046 | €8,088 | ▲ 166% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 06-07-2026 | 2026-00270461 |
| 31-12-2024 | full format | 07-08-2025 | 2025-00363342 |
| 31-12-2023 | full format | 28-08-2024 | 2024-00450880 |
| 31-12-2022 | micro format | 24-08-2023 | 2023-00355565 |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20356051 |
| 31-12-2020 | micro format | 01-09-2021 | 2021-64800029 |
| 31-12-2019 | micro format | 17-08-2020 | 2020-41700220 |
| 31-12-2018 | micro format | 23-08-2019 | 2019-50600036 |
| 31-12-2017 | micro format | 18-08-2018 | 2018-47700465 |
| 31-12-2016 | micro format | 24-07-2017 | 2017-34500488 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.