ATRIUS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 18 filings
Turnover
≈ €110,000
Estimated: probably between €54,000 and €220,000
EBIT margin
Not included in this filing
Net result
€12,184▼ 64.5%
2024 · €34,337
Working capital
€79,385▼ 51.1%
2024 · €162,323
In the rankings
#8 oldest company in Braine-le-Château, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€18,298
▼ 61.6%
2025
20182025
Net result
€12,184
▼ 64.5%
2025
middle half of the sector
20182025
Equity
€96,310
▼ 46.7%
2025
middle half of the sector
20182025
Total assets
€209,351
▲ 3.6%
2025
middle half of the sector
20182025
Debt
€113,040
▲ 429%
2025
20182025
Working capital
€79,385
▼ 51.1%
2025
middle half of the sector
20182025
Solvency
46.0%
▼ 43.4pp
2025
middle half of the sector
20182025
Current ratio
1.70
▼ 6.89
2025
middle half of the sector
20182025
Return on assets (ROA)
5.8%
▼ 11.2pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€1,533-€17,813▲ 12×€23,104▲ 29.7%€45,592▲ 97.3%€63,863▲ 40.1%€52,857▼ 17.2%€47,634▼ 9.9%€18,298▼ 61.6%
Net result€1,452-€12,497▲ 761%€16,327within the sector's middle half▲ 30.6%€30,229within the sector's middle half▲ 85.1%€47,734above the sector's middle half▲ 57.9%€36,474within the sector's middle half▼ 23.6%€34,337within the sector's middle half▼ 5.9%€12,184within the sector's middle half▼ 64.5%
Equity€50,495-€62,180▲ 23.1%€77,617within the sector's middle half▲ 24.8%€106,957within the sector's middle half▲ 37.8%€141,911within the sector's middle half▲ 32.7%€165,385above the sector's middle half▲ 16.5%€180,631above the sector's middle half▲ 9.2%€96,310within the sector's middle half▼ 46.7%
Total assets€62,141-€76,630▲ 23.3%€91,584within the sector's middle half▲ 19.5%€113,386within the sector's middle half▲ 23.8%€164,848within the sector's middle half▲ 45.4%€187,233within the sector's middle half▲ 13.6%€202,014within the sector's middle half▲ 7.9%€209,351within the sector's middle half▲ 3.6%
Debt€11,646-€14,450▲ 24.1%€13,966▼ 3.3%€6,429▼ 54.0%€22,937▲ 257%€21,847▼ 4.8%€21,383▼ 2.1%€113,040▲ 429%
Working capital€43,899-€55,882▲ 27.3%€65,617within the sector's middle half▲ 17.4%€89,995within the sector's middle half▲ 37.2%€125,778above the sector's middle half▲ 39.8%€151,250above the sector's middle half▲ 20.3%€162,323above the sector's middle half▲ 7.3%€79,385within the sector's middle half▼ 51.1%
Solvency81.3%-81.1%▼ 0.1pp84.8%above the sector's middle half▲ 3.6pp94.3%above the sector's middle half▲ 9.6pp86.1%above the sector's middle half▼ 8.2pp88.3%above the sector's middle half▲ 2.2pp89.4%above the sector's middle half▲ 1.1pp46.0%within the sector's middle half▼ 43.4pp
Current ratio4.77-4.87▲ 0.105.70above the sector's middle half▲ 0.8315.00above the sector's middle half▲ 9.306.48above the sector's middle half▼ 8.527.92above the sector's middle half▲ 1.448.59above the sector's middle half▲ 0.671.70within the sector's middle half▼ 6.89
Return on assets (ROA)2.3%-16.3%▲ 14.0pp17.8%within the sector's middle half▲ 1.5pp26.7%within the sector's middle half▲ 8.8pp29.0%within the sector's middle half▲ 2.3pp19.5%within the sector's middle half▼ 9.5pp17.0%within the sector's middle half▼ 2.5pp5.8%within the sector's middle half▼ 11.2pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 62% lower than in 2024 and the lowest since 2019. It is the third fall in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €209,351
Fixed assets
€16,926 ▼ 7.6%
Current assets
€192,425 ▲ 4.7%
Equity and liabilities €209,351
Equity
€96,310 ▼ 46.7%
Debt
€113,040 ▲ 429%
Debt's share of the balance-sheet total rises from 10.6% to 54.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19,681▼
2024 · €49,389
Cash flow
€13,567▼
2024 · €36,091
Debt to equity
1.17▲
2024 · 0.12
ROE
12.7%▼
2024 · 19.0%
Interest coverage
13.49▼
2024 · 27.41
Debt ≤ 1 year
€113,040▲
2024 · €21,383
Income taxes
€6,409▼
2024 · €12,093
Staff costs
€390
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,802 | €1,299 | - | €2,877 | - |
| Financial fixed assets | - | - | - | €3,050 | - |
| Depreciation and write-downs of the year | €840 | €1,575 | €1,998 | €1,754 | €1,383 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €127,663 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €1,865 | €1,880 | - | €390 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €675 | €298 | €298 | €840 | €1,575 | €1,998 | €1,754 | €1,383 | ▼ 21.2% |
| Other operating charges640/8 | - | - | - | €493 | €5,637 | €1,224 | €567 | €752 | ▲ 32.6% |
| Gross operating margin9900 | €4,948 | €18,407 | €24,220 | €46,926 | €72,941 | €57,959 | €49,955 | €20,823 | ▼ 58.3% |
| Operating profit (loss)9901 | €1,533 | €17,813 | €23,104 | €45,592 | €63,863 | €52,857 | €47,634 | €18,298 | ▼ 61.6% |
| Financial income75/76B | - | - | - | €261 | €868 | €531 | €597 | €1,754 | ▲ 194% |
| Recurring financial income75 | €2,311 | €975 | €1,284 | €261 | €868 | €531 | €597 | €1,754 | ▲ 194% |
| Financial charges65/66B | - | - | - | €1,595 | €936 | €1,596 | €1,802 | €1,459 | ▼ 19.0% |
| Recurring financial charges65 | €668 | €570 | €713 | €1,595 | €936 | €1,596 | €1,802 | €1,459 | ▼ 19.0% |
| Profit (loss) for the period before taxes9903 | €3,176 | €18,218 | €23,675 | €44,258 | €63,795 | €51,791 | €46,429 | €18,593 | ▼ 60.0% |
| Income taxes67/77 | €1,724 | €5,721 | €7,349 | €14,030 | €16,061 | €15,317 | €12,093 | €6,409 | ▼ 47.0% |
| Profit (loss) for the period9904 | €1,452 | €12,497 | €16,327 | €30,229 | €47,734 | €36,474 | €34,337 | €12,184 | ▼ 64.5% |
| Profit (loss) for the period to be appropriated9905 | €1,452 | €12,497 | €16,327 | €30,229 | €47,734 | €36,474 | €34,337 | €12,184 | ▼ 64.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €62,141 | €76,630 | €91,584 | €113,386 | €164,848 | €187,233 | €202,014 | €209,351 | ▲ 3.6% |
| Fixed assets21/28 | €6,596 | €6,298 | €12,000 | €16,962 | €16,133 | €14,135 | €18,308 | €16,926 | ▼ 7.6% |
| Tangible fixed assets22/27 | €596 | €298 | €0 | €4,962 | €4,133 | €2,135 | €3,258 | €1,876 | ▼ 42.4% |
| Furniture and vehicles24 | - | - | - | €4,962 | €4,133 | €2,135 | €3,258 | €1,876 | ▼ 42.4% |
| Financial fixed assets28 | €6,000 | €6,000 | €12,000 | €12,000 | €12,000 | €12,000 | €15,050 | €15,050 | = |
| Current assets29/58 | €55,545 | €70,332 | €79,584 | €96,424 | €148,715 | €173,097 | €183,705 | €192,425 | ▲ 4.7% |
| Amounts receivable after more than one year29 | - | - | - | €4,842 | - | - | - | - | - |
| Other amounts receivable291 | - | - | - | €4,842 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €45,533 | €21,510 | €41,922 | €50,042 | €92,662 | €68,086 | €47,014 | €94,715 | ▲ 101% |
| Trade receivables40 | - | - | - | €39,807 | €40,492 | €48,041 | €30,053 | €12,732 | ▼ 57.6% |
| Other amounts receivable41 | - | - | - | €10,235 | €52,170 | €20,045 | €16,961 | €81,983 | ▲ 383% |
| Cash at bank and in hand54/58 | €10,012 | €34,354 | €26,433 | €39,720 | €53,481 | €100,200 | €131,682 | €93,964 | ▼ 28.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,820 | €2,572 | €4,811 | €5,009 | €3,746 | ▼ 25.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €62,141 | €76,630 | €91,584 | €113,386 | €164,848 | €187,233 | €202,014 | €209,351 | ▲ 3.6% |
| Equity10/15 | €50,495 | €62,180 | €77,617 | €106,957 | €141,911 | €165,385 | €180,631 | €96,310 | ▼ 46.7% |
| Contributions10/11 | €7,000 | €7,000 | - | €7,000 | €7,000 | €9,000 | €9,000 | €9,000 | = |
| Reserves13 | €14,780 | €23,871 | €40,198 | €70,426 | €105,380 | €139,855 | €152,888 | €58,596 | ▼ 61.7% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | - | - | - | - |
| Distributable reserves133 | - | - | - | €68,426 | €103,380 | €139,855 | €152,888 | €58,596 | ▼ 61.7% |
| Profit (loss) carried forward14 | €28,715 | €31,308 | €30,420 | €29,531 | €29,531 | €16,531 | €18,743 | €28,715 | ▲ 53.2% |
| Amounts payable17/49 | €11,646 | €14,450 | €13,966 | €6,429 | €22,937 | €21,847 | €21,383 | €113,040 | ▲ 429% |
| Amounts payable within one year42/48 | €11,646 | €14,450 | €13,966 | €6,429 | €22,937 | €21,847 | €21,383 | €113,040 | ▲ 429% |
| Trade debts44 | €9,956 | €6,386 | €2,404 | €3,953 | €9,531 | €5,989 | €458 | €1,527 | ▲ 233% |
| Suppliers440/4 | - | - | - | €3,953 | €9,531 | €5,989 | €458 | €1,527 | ▲ 233% |
| Taxes, remuneration and social security45 | - | - | - | €965 | €4 | €2,858 | €1,833 | €17,221 | ▲ 839% |
| Taxes450/3 | - | - | - | €965 | €4 | €2,698 | €1,260 | €16,884 | ▲ 13× |
| Remuneration and social security454/9 | - | - | - | - | - | €160 | €574 | €337 | ▼ 41.2% |
| Other amounts payable47/48 | - | - | - | €1,511 | €13,402 | €13,000 | €19,091 | €94,292 | ▲ 394% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,452 | €12,497 | €16,327 | €30,229 | €47,734 | €36,474 | €34,337 | €12,184 | ▼ 64.5% |
| + Depreciation and write-downs630 | €675 | €298 | €298 | €840 | €1,575 | €1,998 | €1,754 | €1,383 | ▼ 21.2% |
| Operating cash flow (approximation) | €2,126 | €12,795 | €16,625 | €31,069 | €49,309 | €38,472 | €36,091 | €13,567 | ▼ 62.4% |
| Investment in fixed assets (approximation) | - | €0 | -€6,000 | -€5,802 | -€746 | €0 | -€5,927 | €0 | - |
| Change in cash | - | €24,342 | -€7,921 | €13,288 | €13,761 | €46,719 | €31,482 | -€37,718 | - |
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, 34,693 companies had the same profile as ATRIUS has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of ATRIUS 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 34,693 companies, not a prediction for ATRIUS. 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 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00349183 | |
| 31-12-2024 | micro format | 22-08-2025 | 2025-00409662 | |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00278909 | |
| 31-12-2022 | micro format | 26-05-2023 | 2023-00096720 | |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20180645 | |
| 31-12-2020 | micro format | 27-07-2021 | 2021-41200535 | |
| 31-12-2019 | micro format | 14-09-2020 | 2020-53600367 | |
| 31-12-2018 | full format | 19-07-2019 | 2019-37500486 | |
| 31-12-2017 | full format | 18-07-2018 | 2018-34700500 | |
| 31-12-2016 | full format | 15-11-2017 | 2017-69700423 |