Active BE 0874.736.102Private limited company

ATMAN

Brandelweg(Mar) 3 ·8510 Kortrijk, Belgium· 21 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

ATMAN 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 €2.30M and a net result of €396k. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 53% of 5394 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

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

Key figures

Equity	€2.30M
Net result	€396k
Better than sector	53%
Active	21 yrs

Financial profile 4 of 5 axes measured · computed by Checked

84 / 100

Strong profile, led by stability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 86

Solvency 97

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2005, 21 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health 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.

Financial overview19 NBB filings

Annual accounts filed on 13-01-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

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

growing Equity: growth of ~23%/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 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	55.4%	51.9%	better than 53% of 5394 sector peers
Net result	€396k	€53k	better than 85% of 5395 sector peers
Equity	€2.30M	€623k	better than 78% of 5395 sector peers
Gross operating margin	€888k	€87k	better than 95% of 5391 sector peers
Employees (FTE)	0.0	0.0	better than 32% of 1843 sector peers

Net profit

€396k

-3.3% 22-25

Total assets

€4.15M

+29.5% 22-25

Equity

€2.30M

+20.8% 22-25

Employees (FTE)

0

- 22-25

Income taxes

€159k

-5.4% 22-25

Dividends

€0

-100.0% 22-25

Debt

€1.85M

+42.2% 22-25

Debt ≤ 1y

€320k

-23.2% 22-25

Debt > 1y

€1.51M

+70.2% 22-25

Solvency

55.4%

-6.7% 22-25

ROE

17.2%

-20.0% 22-25

ROA

9.5%

-25.3% 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	abbreviated schema	abbreviated schema	micro schema	micro schema
Revenue	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a
Net profit	€396k	€410k	€490k	€494k
Cash flow	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-
Income taxes	€159k	€168k	€228k	€220k
Dividends	€0	€79k	-	-
Total assets	€4.15M	€3.21M	€2.22M	€1.45M
Equity	€2.30M	€1.91M	€1.58M	€1.09M
Debt	€1.85M	€1.30M	€640k	€366k
of which ≤ 1y	€320k	€416k	€230k	€162k
of which > 1y	€1.51M	€886k	€410k	€199k
Working capital	n/a	n/a	n/a	n/a
Employees (FTE)	0.0	0.0	-	-

Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022
Current ratio	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a
Solvency	55.4%	59.4%	71.1%	74.8%
Debt / equity	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a
ROA	9.5%	12.8%	22.1%	34.1%
ROE	17.2%	21.5%	31.1%	45.5%
EBITDA margin	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €3.48M · 83.9% Current assets €669k · 16.1%

Equity & liabilities

Equity €2.30M · 55.4% Debt €1.85M · 44.6%

Full annual accounts (24 line items)

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

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€4.15M	€3.21M	€2.22M	€1.45M
Fixed assets	21/28	€3.48M	€2.67M	€1.59M	€999k
Tangible fixed assets	22/27	€3.48M	€2.67M	€1.59M	€999k
Current assets	29/58	€669k	€539k	€626k	€452k
Amounts receivable within one year	40/41	€5k	€3k	€20k	€0
Investments	50/53	€0	€100k	-	-
Cash & bank	54/58	€655k	€412k	€601k	€447k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€4.15M	€3.21M	€2.22M	€1.45M
Equity	10/15	€2.30M	€1.91M	€1.58M	€1.09M
Contributions / capital	10/11	€12k	€12k	€12k	€12k
Reserves	13	€2.29M	€1.89M	€1.56M	€1.07M
Accumulated profits (losses)	14	€0	€0	-	-
Amounts payable	17/49	€1.85M	€1.30M	€640k	€366k
Amounts payable after one year	17	€1.51M	€886k	€410k	€199k
Amounts payable within one year	42/48	€320k	€416k	€230k	€162k
Trade debts payable within one year	44	€16k	€7k	€29k	€98
Income statement
Gross operating margin	9900	€888k	€848k	€846k	€790k
Operating result	9901	€584k	€586k	€728k	€728k
Financial income	75	€12k	€7k	€15	€17
Financial charges	65	€40k	€14k	€9k	€14k
Result before taxes	9903	€555k	€578k	€718k	€714k
Income taxes	67/77	€159k	€168k	€228k	€220k
Net result for the period	9904	€396k	€410k	€490k	€494k
Result to be appropriated	9905	€219k	€254k	€372k	€494k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	29-06-2005
Status	Active
Postal code	8510

Establishment units 1 location

ATMAN

Brandelweg(Mar) 3, 8510 KortrijkNACE 67130

since 20052.148.026.891

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34026A0471/00B002 ProtectedTownscape or village viewMolenhof te Rodenborg met omgevingSource ↗	Flanders	4,901 m²	1 · 472 m²	-

Methodology

via registered seat: 1

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

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

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 10 events

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-12-2026

2026

13-01

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 13 days late

2025

31-05

Financial Weakest financial yearnet €396k ▼3.3%

Net result drops to €396k, the lowest in the series.

31-05

Financial Equity above €2MEq €2.30M ▲20.8%

4 profitable years in a row build equity to €2.30M.

06-01

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 6 days late

2023

22-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2022

29-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2021

20-12

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2020

28-12

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

14-01

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 14 days late

2018

26-11

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2017

01-12

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2016

28-12

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies6421074151Pre-press and pre-media services18130Other activities auxiliary to financial services, excluding insurance and pension funding66199Buying and selling of own real estate68110Activities of interior architects71112Advertising agencies73110Design of textile patterns, clothing, jewellery, furniture and decorative items74111Other business support services82990

Names & trade names

Legal nameNL

ATMAN

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