ATO
ActiveSummary
ATO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €372,333 and a net result of €24,626. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 50% of 1697 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+2
Solvency66▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 0.99 in 2023; short-term debt: 43.2% and cash: 0.6% of total assets), and 59.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
6 d early
2022
13 d early
2021
16 d early
2020
61 d late
2019
59 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 12 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€372,333▲ 7.1%
2023 · €347,708
Total assets
€910,656▼ 3.4%
2023 · €942,816
Net result
€24,626▲ 285%
2023 · €6,404
Working capital
€72,185
2023 · -€6,457
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
Line20202021202220232024
Operating result€75,776▲ 374%€117,685▲ 55.3%€94,043▼ 20.1%€15,890▼ 83.1%€47,019▲ 196%
Net result€62,069▲ 11,421%€75,693▲ 21.9%€64,639▼ 14.6%€6,404▼ 90.1%€24,626▲ 285%
Equity€200,971▲ 44.7%€276,664▲ 37.7%€341,303▲ 23.4%€347,708▲ 1.9%€372,333▲ 7.1%
Total assets€815,229▲ 2.2%€764,980▼ 6.2%€836,024▲ 9.3%€942,816▲ 12.8%€910,656▼ 3.4%
Debt€614,258▼ 6.8%€488,316▼ 20.5%€494,721▲ 1.3%€595,109▲ 20.3%€538,322▼ 9.5%
Working capital€83,324▲ 431%€117,496▲ 41.0%€109,293▼ 7.0%-€6,457€72,185
Staff (FTE)2.3▲ 15.0%2.3=2.3=2▼ 13.0%2=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 196% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €910,656
Fixed assets
€444,681 ▲ 2.1%
Current assets
€465,975 ▼ 8.1%
Equity and liabilities €910,656
Equity
€372,333 ▲ 7.1%
Debt
€538,322 ▼ 9.5%
Debt's share of the balance-sheet total falls from 63.1% to 59.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€111,018▲
2023 · €71,596
Cash flow
€88,624▲
2023 · €62,111
Current ratio
1.18▲
2023 · 0.99
Quick ratio
0.08▲
2023 · 0.07
Debt to equity
1.45▼
2023 · 1.71
ROE
6.6%▲
2023 · 1.8%
ROA
2.7%▲
2023 · 0.7%
Interest coverage
7.69▼
2023 · 7.72
Debt ≤ 1 year
€393,790▼
2023 · €513,666
Debt > 1 year
€144,182▲
2023 · €81,093
Income taxes
€7,954▲
2023 · €214
Staff costs
€115,012▲
2023 · €113,422
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,653 | €2,000 | - | - |
| Remuneration, social security and pensions62 | - | €101,050 | €100,174 | €113,422 | €115,012 | ▲ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €88,966 | €69,556 | €72,475 | €55,706 | €63,999 | ▲ 14.9% |
| Other operating charges640/8 | - | €31,822 | €29,632 | €36,012 | €38,288 | ▲ 6.3% |
| Gross operating margin9900 | €275,802 | €320,113 | €296,324 | €221,030 | €264,318 | ▲ 19.6% |
| Operating profit (loss)9901 | €75,776 | €117,685 | €94,043 | €15,890 | €47,019 | ▲ 196% |
| Recurring financial income75 | €25 | - | - | - | - | - |
| Financial charges65/66B | - | €11,291 | €8,387 | €9,271 | €14,439 | ▲ 55.7% |
| Recurring financial charges65 | €13,732 | €11,291 | €8,387 | €9,271 | €14,439 | ▲ 55.7% |
| Profit (loss) for the period before taxes9903 | €62,069 | €106,394 | €85,656 | €6,618 | €32,580 | ▲ 392% |
| Income taxes67/77 | - | €30,701 | €21,017 | €214 | €7,954 | ▲ 3,617% |
| Profit (loss) for the period9904 | €62,069 | €75,693 | €64,639 | €6,404 | €24,626 | ▲ 285% |
| Transfer from tax-exempt reserves789 | - | €46,616 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €62,069 | €122,309 | €64,639 | €6,404 | €24,626 | ▲ 285% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €815,229 | €764,980 | €836,024 | €942,816 | €910,656 | ▼ 3.4% |
| Fixed assets21/28 | €323,492 | €293,396 | €313,247 | €435,608 | €444,681 | ▲ 2.1% |
| Tangible fixed assets22/27 | €323,412 | €293,316 | €313,167 | €435,528 | €444,601 | ▲ 2.1% |
| Land and buildings22 | - | €206,831 | €173,617 | €173,551 | €159,337 | ▼ 8.2% |
| Plant, machinery and equipment23 | - | €70,230 | €129,113 | €255,356 | €282,472 | ▲ 10.6% |
| Furniture and vehicles24 | - | €16,255 | €10,438 | €6,620 | €2,792 | ▼ 57.8% |
| Financial fixed assets28 | €80 | €80 | €80 | €80 | €80 | = |
| Current assets29/58 | €491,737 | €471,584 | €522,777 | €507,209 | €465,975 | ▼ 8.1% |
| Stocks and contracts in progress3 | €375,455 | €422,701 | €482,470 | €472,401 | €432,969 | ▼ 8.3% |
| Stocks30/36 | - | €422,701 | €482,470 | €472,401 | €432,969 | ▼ 8.3% |
| Amounts receivable within one year40/41 | €548 | €14,376 | €1,240 | €3,567 | - | - |
| Trade receivables40 | - | €11,274 | - | - | - | - |
| Other amounts receivable41 | - | €3,102 | €1,240 | €3,567 | - | - |
| Cash at bank and in hand54/58 | €86,993 | €6,188 | €9,945 | €4,467 | €5,866 | ▲ 31.3% |
| Deferred charges and accrued income490/1 | - | €28,319 | €29,122 | €26,774 | €27,140 | ▲ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €815,229 | €764,980 | €836,024 | €942,816 | €910,656 | ▼ 3.4% |
| Equity10/15 | €200,971 | €276,664 | €341,303 | €347,708 | €372,333 | ▲ 7.1% |
| Contributions10/11 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Reserves13 | €193,971 | €269,664 | €334,303 | €334,303 | €358,929 | ▲ 7.4% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €267,664 | €332,303 | €332,303 | €356,929 | ▲ 7.4% |
| Profit (loss) carried forward14 | - | - | - | €6,404 | €6,404 | = |
| Amounts payable17/49 | €614,258 | €488,316 | €494,721 | €595,109 | €538,322 | ▼ 9.5% |
| Amounts payable after more than one year17 | €196,822 | €134,171 | €80,887 | €81,093 | €144,182 | ▲ 77.8% |
| Financial debts170/4 | - | €134,171 | €80,887 | €81,093 | €144,182 | ▲ 77.8% |
| Amounts payable within one year42/48 | €408,413 | €354,088 | €413,484 | €513,666 | €393,790 | ▼ 23.3% |
| Current portion of amounts payable after more than one year42 | - | €62,450 | €53,284 | €72,577 | €50,472 | ▼ 30.5% |
| Trade debts44 | €219,502 | €161,392 | €264,020 | €349,533 | €236,875 | ▼ 32.2% |
| Suppliers440/4 | - | €161,392 | €264,020 | €349,533 | €236,875 | ▼ 32.2% |
| Taxes, remuneration and social security45 | - | €42,091 | €35,987 | €28,592 | €39,299 | ▲ 37.4% |
| Taxes450/3 | - | €32,274 | €21,324 | €9,523 | €19,901 | ▲ 109% |
| Remuneration and social security454/9 | - | €9,817 | €14,663 | €19,069 | €19,398 | ▲ 1.7% |
| Other amounts payable47/48 | - | €88,155 | €60,194 | €62,964 | €67,144 | ▲ 6.6% |
| Accrued charges and deferred income492/3 | - | €57 | €350 | €350 | €350 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,069 | €75,693 | €64,639 | €6,404 | €24,626 | ▲ 285% |
| + Depreciation and write-downs630 | €88,966 | €69,556 | €72,475 | €55,706 | €63,999 | ▲ 14.9% |
| Operating cash flow (approximation) | €151,034 | €145,249 | €137,115 | €62,111 | €88,624 | ▲ 42.7% |
| Investment in fixed assets (approximation) | - | -€39,460 | -€92,326 | -€178,067 | -€73,072 | ▲ 59.0% |
| Change in cash | - | -€80,805 | €3,757 | -€5,478 | €1,399 | ▲ 126% |
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
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €75,693 ▲21.9%
Operating result €117,685, net result €75,693, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Equity above €200,000Eq €200,971 ▲44.7%
3 profitable years in a row build equity to €200,971.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
31-12
Financial
Weakest financial yearnet €539 ▼96.2%
Net result drops to €539, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lochristi · 3 establishment units since 2001
Ground area
5,357 m²
Building footprint
507 m²
Volume, LiDAR
1,206 m³
3 parcels, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
Kerkstraat 54, 9080 Lochristi
since 20012.100.194.312
Kerkstraat 69, 9080 Lochristi
since 20012.100.194.411
Bosdam 69, 9080 Lochristi
since 20012.100.194.510
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44076D0227/00N000 | Flanders | 3,636 m² | 1 · 186 m² | 6.8 m · 1 fl. |
| 44076F0423/00Z000 | Flanders | 1,010 m² | 1 · 165 m² | 5.7 m · 1 fl. |
| 44076F0431/00A003 | Flanders | 711 m² | 1 · 157 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLochristi2.100.194.312
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Of 871 companies in sector 01191 we hold annual accounts for 306. 249 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
Founded08-03-2001
Fiscal year end31-12
Activities, NACEBEL 2025
01191Growing of flowers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474271107
Registered
20-11-2020
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.