ATLANTIS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-03-2026 PDF all 24 filings
Turnover
≈ €39,000
Estimated: probably between €21,000 and €99,000
Total assets
€1.5m▲ 1.2%
2024 · €1.4m
Net result
€26,849▲ 56.0%
2024 · €17,213
Working capital
€1.3m▲ 2.4%
2024 · €1.3m
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€8,435
2025
20192025
Net result
€26,849
▲ 56.0%
2025
middle half of the sector
20192025
Equity
€1.4m
▲ 1.9%
2025
highest quarter of the sector
20192025
Total assets
€1.5m
▲ 1.2%
2025
highest quarter of the sector
20192025
Debt
€6,368
▼ 60.0%
2025
20192025
Working capital
€1.3m
▲ 2.4%
2025
highest quarter of the sector
20192025
Solvency
99.6%
▲ 0.7pp
2025
highest quarter of the sector
20192025
Return on assets (ROA)
1.8%
▲ 0.6pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.001m--€0.008m▼ 1,308%-€0.03m▼ 301%-€0.03m▲ 8.2%€0.02m€0.007m▼ 61.7%-€0.008m
Net result-€95--€0.005mwithin the sector's middle half▼ 4,800%-€0.02mbelow the sector's middle half▼ 270%-€0.02mbelow the sector's middle half▼ 10.7%€0.04mabove the sector's middle half€0.02mwithin the sector's middle half▼ 55.8%€0.03mwithin the sector's middle half▲ 56.0%
Equity€1.4m-€1.4mabove the sector's middle half▼ 0.3%€1.4mabove the sector's middle half▼ 1.2%€1.4mabove the sector's middle half▼ 1.4%€1.4mabove the sector's middle half▲ 2.9%€1.4mabove the sector's middle half▲ 1.2%€1.4mabove the sector's middle half▲ 1.9%
Total assets€1.4m-€1.4mwithin the sector's middle half▼ 0.3%€1.4mabove the sector's middle half▼ 1.3%€1.4mabove the sector's middle half▼ 1.3%€1.4mabove the sector's middle half▲ 2.7%€1.4mabove the sector's middle half▲ 1.9%€1.5mabove the sector's middle half▲ 1.2%
Debt€0.007m-€0.008m▲ 12.6%€0.008m▼ 4.3%€0.009m▲ 14.1%€0.006m▼ 27.4%€0.02m▲ 156%€0.006m▼ 60.0%
Working capital€1.1m-€1.2mabove the sector's middle half▲ 3.8%€1.2mabove the sector's middle half▲ 3.6%€1.3mabove the sector's middle half▲ 2.7%€1.3mabove the sector's middle half▲ 4.9%€1.3mabove the sector's middle half▼ 2.9%€1.3mabove the sector's middle half▲ 2.4%
Solvency99.5%-99.4%above the sector's middle half▼ 0.1pp99.5%above the sector's middle half=99.4%above the sector's middle half▼ 0.1pp99.6%above the sector's middle half▲ 0.2pp98.9%above the sector's middle half▼ 0.7pp99.6%above the sector's middle half▲ 0.7pp
Return on assets (ROA)0.0%--0.3%within the sector's middle half▼ 0.3pp-1.2%within the sector's middle half▼ 0.9pp-1.4%within the sector's middle half▼ 0.2pp2.8%within the sector's middle half▲ 4.2pp1.2%within the sector's middle half▼ 1.6pp1.8%within the sector's middle half▲ 0.6pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €8,435, after a profit of €7,002 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€134,662 ▼ 10.3%
Current assets
€1.3m ▲ 2.5%
Equity and liabilities €1.5m
Equity
€1.4m ▲ 1.9%
Debt
€6,368 ▼ 60.0%
Debt's share of the balance-sheet total falls from 1.1% to 0.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9,552▼
2024 · €16,779
Cash flow
€44,837▲
2024 · €26,991
Debt to equity
0.00▼
2024 · 0.01
ROE
1.9%▲
2024 · 1.2%
Interest coverage
3.51▲
2024 · 2.52
Debt ≤ 1 year
€4,844▲
2024 · €2,722
Income taxes
€16,298▲
2024 · €8,965
A ratio outside any meaningful range has been withheld (balance sheet total €1.5m, equity €1.4m).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,741 | - | €7,985 | €76,000 | €2,588 |
| Depreciation and write-downs of the year | €53,651 | €52,232 | €30,487 | €9,778 | €17,988 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,936 | €52,835 | €53,651 | €52,232 | €30,487 | €9,778 | €17,988 | ▲ 84.0% |
| Other operating charges640/8 | - | - | €3,803 | €4,081 | €4,358 | €1,834 | €608 | ▼ 66.9% |
| Gross operating margin9900 | €54,989 | €48,872 | €26,238 | €27,646 | €53,139 | €18,613 | €10,160 | ▼ 45.4% |
| Operating profit (loss)9901 | -€553 | -€7,787 | -€31,216 | -€28,667 | €18,295 | €7,002 | -€8,435 | - |
| Financial income75/76B | - | - | €15,199 | €14,093 | €25,398 | €25,835 | €54,307 | ▲ 110% |
| Recurring financial income75 | €3,066 | €3,837 | €15,199 | €14,093 | €25,398 | €25,835 | €54,307 | ▲ 110% |
| Financial charges65/66B | - | - | €879 | €4,165 | €4,142 | €6,658 | €2,725 | ▼ 59.1% |
| Recurring financial charges65 | €248 | €277 | €879 | €4,165 | €4,142 | €6,658 | €2,725 | ▼ 59.1% |
| Profit (loss) for the period before taxes9903 | €2,266 | -€4,226 | -€16,897 | -€18,739 | €39,551 | €26,178 | €43,147 | ▲ 64.8% |
| Income taxes67/77 | €2,361 | €444 | €363 | €367 | €625 | €8,965 | €16,298 | ▲ 81.8% |
| Profit (loss) for the period9904 | -€95 | -€4,670 | -€17,260 | -€19,106 | €38,926 | €17,213 | €26,849 | ▲ 56.0% |
| Profit (loss) for the period to be appropriated9905 | -€95 | -€4,670 | -€17,260 | -€19,106 | €38,926 | €17,213 | €26,849 | ▲ 56.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.5m | ▲ 1.2% |
| Fixed assets21/28 | €0.3m | €0.2m | €0.2m | €0.1m | €0.08m | €0.2m | €0.1m | ▼ 10.3% |
| Tangible fixed assets22/27 | €0.3m | €0.2m | €0.2m | €0.1m | €0.08m | €0.2m | €0.1m | ▼ 10.3% |
| Land and buildings22 | - | - | €0.2m | €0.1m | €0.08m | €0.07m | €0.07m | ▼ 0.2% |
| Plant, machinery and equipment23 | - | - | €0.002m | €0.002m | €0.006m | €0.005m | €0.003m | ▼ 34.3% |
| Furniture and vehicles24 | - | - | €0.001m | €380 | €0.003m | €0.08m | €0.06m | ▼ 18.1% |
| Financial fixed assets28 | €0.009m | €0.009m | - | - | - | - | - | - |
| Current assets29/58 | €1.1m | €1.2m | €1.2m | €1.3m | €1.3m | €1.3m | €1.3m | ▲ 2.5% |
| Amounts receivable within one year40/41 | €0.5m | €0.02m | €0.05m | €0.08m | €0.06m | €0.02m | €0.01m | ▼ 34.6% |
| Trade receivables40 | - | - | €0.05m | €0.07m | €0.05m | €0.01m | - | - |
| Other amounts receivable41 | - | - | - | €0.004m | €0.006m | €0.006m | €0.01m | ▲ 122% |
| Current investments50/53 | - | - | €0.8m | €0.8m | €1.2m | €1.2m | €1.3m | ▲ 5.6% |
| Cash at bank and in hand54/58 | €0.6m | €1.2m | €0.4m | €0.4m | €0.08m | €0.07m | €0.04m | ▼ 38.9% |
| Deferred charges and accrued income490/1 | - | - | €0.003m | €0.003m | €0.002m | €0.003m | €0.003m | ▼ 4.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.5m | ▲ 1.2% |
| Equity10/15 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | ▲ 1.9% |
| Contributions10/11 | €1.1m | - | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 8.2% |
| Tax-exempt reserves132 | - | - | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Distributable reserves133 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 8.5% |
| Amounts payable17/49 | €0.007m | €0.008m | €0.008m | €0.009m | €0.006m | €0.02m | €0.006m | ▼ 60.0% |
| Amounts payable within one year42/48 | €0.005m | €0.005m | €0.005m | €0.006m | €0.003m | €0.003m | €0.005m | ▲ 78.0% |
| Trade debts44 | €0.002m | €0.004m | €0.002m | €0.001m | €0.001m | €0.003m | €0.004m | ▲ 49.8% |
| Suppliers440/4 | - | - | €0.002m | €0.001m | €0.001m | €0.003m | €0.004m | ▲ 49.8% |
| Taxes, remuneration and social security45 | - | - | €363 | - | - | - | €0.001m | - |
| Taxes450/3 | - | - | €363 | - | - | - | €0.001m | - |
| Other amounts payable47/48 | - | - | €0.002m | €0.004m | €0.002m | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €0.003m | €0.003m | €0.003m | €0.01m | €0.002m | ▼ 88.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€95 | -€4,670 | -€17,260 | -€19,106 | €38,926 | €17,213 | €26,849 | ▲ 56.0% |
| + Depreciation and write-downs630 | €51,936 | €52,835 | €53,651 | €52,232 | €30,487 | €9,778 | €17,988 | ▲ 84.0% |
| Operating cash flow (approximation) | €51,841 | €48,165 | €36,391 | €33,126 | €69,413 | €26,991 | €44,837 | ▲ 66.1% |
| Investment in fixed assets (approximation) | - | -€5,927 | €6,559 | €0 | -€7,985 | -€76,000 | -€2,588 | ▲ 96.6% |
| Change in cash | - | €544,826 | -€781,373 | €7,193 | -€304,742 | -€11,220 | -€27,354 | ▼ 144% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as ATLANTIS has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ATLANTIS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for ATLANTIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 31-03-2026 | 2026-00067963 | |
| 30-09-2024 | micro format | 03-04-2025 | 2025-00062544 | |
| 30-09-2023 | micro format | 30-03-2024 | 2024-00053288 | |
| 30-09-2022 | micro format | 31-03-2023 | 2023-00050366 | |
| 30-09-2021 | micro format | 30-04-2022 | 2022-20014923 | |
| 30-09-2020 | abbreviated format | 28-04-2021 | 2021-11600089 | |
| 30-09-2019 | abbreviated format | 27-03-2020 | 2020-07900599 | |
| 30-09-2018 | abbreviated format | 30-04-2019 | 2019-12000237 | |
| 30-09-2017 | abbreviated format | 10-04-2018 | 2018-09700200 | |
| 30-09-2016 | abbreviated format | 02-05-2017 | 2017-11000110 |