Summary
AYANO GROUP has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €7.1m and a net result of €442,986. Equity is shrinking by about 3.4% per year across the filed financial years. Its solvency ranks better than 47% of 358 sector peers (NACE 23, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
In the rankings
#2 company by total assets in Brecht, Manufacturing sector#2 company by equity in Brecht, Manufacturing sector
Turnover
€2.9m▼ 20.9%
2024 · €3.7m
EBIT margin
20.7%▼ 10.5pp
2024 · 31.1%
Net result
€442,986▼ 59.4%
2024 · €1.1m
Working capital
-€2.5m▼ 56.8%
2024 · -€1.6m
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 47% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€2.9m
2025
Operating result€0.6m
2025
Net result€0.4m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€16.1m
2025
Equity€7.1m
2025
Debt€9.0m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€2.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin20.7%
2025
Return on assets (ROA)2.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency44.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.32
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)7.1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 23, Manufacture of other non-metallic mineral products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€3.3m-€2.8m▼ 15.8%€3.0m▲ 10.0%€3.6m▲ 18.3%€3.3m▼ 7.4%€3.7m▲ 11.6%€2.9m▼ 20.9%
Operating result€2.0m-€1.2m▼ 37.5%€1.3m▲ 3.4%€1.1m▼ 11.1%€1.4m▲ 25.1%€1.2m▼ 18.2%€0.6m▼ 47.5%
Net result€2.7m-€0.6mwithin the sector's middle half▼ 79.4%€0.3mwithin the sector's middle half▼ 49.1%-€4.2mbelow the sector's middle half€1.6mabove the sector's middle half€1.1mabove the sector's middle half▼ 31.3%€0.4mwithin the sector's middle half▼ 59.4%
EBIT margin60.0%-44.5%▼ 15.5pp41.8%▼ 2.7pp31.4%▼ 10.4pp42.4%▲ 11.0pp31.1%▼ 11.3pp20.7%▼ 10.5pp
Equity€8.0m-€8.5mabove the sector's middle half▲ 7.1%€8.8mabove the sector's middle half▲ 3.4%€4.6mwithin the sector's middle half▼ 48.2%€6.2mwithin the sector's middle half▲ 34.8%€6.7mwithin the sector's middle half▲ 9.6%€7.1mabove the sector's middle half▲ 5.1%
Total assets€25.1m-€24.7mabove the sector's middle half▼ 1.6%€24.6mabove the sector's middle half▼ 0.3%€19.1mabove the sector's middle half▼ 22.4%€16.7mabove the sector's middle half▼ 12.4%€16.5mabove the sector's middle half▼ 0.9%€16.1mabove the sector's middle half▼ 2.9%
Debt€17.1m-€16.1m▼ 5.6%€15.8m▼ 2.2%€14.5m▼ 8.1%€10.6m▼ 27.3%€9.8m▼ 7.1%€9.0m▼ 8.4%
Working capital-€2.7m--€3.1mbelow the sector's middle half▼ 15.0%-€2.5mbelow the sector's middle half▲ 19.2%-€3.0mbelow the sector's middle half▼ 20.1%-€0.9mbelow the sector's middle half▲ 69.0%-€1.6mbelow the sector's middle half▼ 68.5%-€2.5mbelow the sector's middle half▼ 56.8%
Solvency31.8%-34.6%within the sector's middle half▲ 2.8pp35.8%within the sector's middle half▲ 1.3pp23.9%below the sector's middle half▼ 11.9pp36.8%within the sector's middle half▲ 12.9pp40.8%within the sector's middle half▲ 3.9pp44.1%within the sector's middle half▲ 3.4pp
Current ratio0.26-0.16below the sector's middle half▼ 0.110.16below the sector's middle half=0.33below the sector's middle half▲ 0.170.66below the sector's middle half▲ 0.330.51below the sector's middle half▼ 0.150.32below the sector's middle half▼ 0.19
Return on assets (ROA)10.9%-2.3%within the sector's middle half▼ 8.6pp1.2%within the sector's middle half▼ 1.1pp-22.3%below the sector's middle half▼ 23.4pp9.5%above the sector's middle half▲ 31.8pp6.6%within the sector's middle half▼ 2.9pp2.8%within the sector's middle half▼ 3.8pp
Staff (FTE)3.9-3.8below the sector's middle half▼ 2.6%3.8below the sector's middle half=3.8below the sector's middle half=3.7below the sector's middle half▼ 2.6%5.6below the sector's middle half▲ 51.4%7.1within the sector's middle half▲ 26.8%
above
within
below
the middle half of NACE 23, Manufacture of other non-metallic mineral products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.1m
Fixed assets
€14.9m ▼ 0.1%
Current assets
€1.2m ▼ 28.2%
Equity and liabilities €16.1m
Equity
€7.1m ▲ 5.1%
Debt
€9.0m ▼ 8.4%
Debt's share of the balance-sheet total falls from 59.2% to 55.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
6.3%▼
2024 · 16.2%
Debt ≤ 1 year
€3.6m▲
2024 · €3.2m
Debt > 1 year
€5.3m▼
2024 · €6.6m
Income taxes
€1,474▲
2024 · €1,051
Staff costs
€625,295▲
2024 · €536,775
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €3.1m | €3.6m | €3.3m | €3.7m | €3.0m | ▼ 20.7% |
| Turnover70 | €3.3m | €2.8m | €3.0m | €3.6m | €3.3m | €3.7m | €2.9m | ▼ 20.9% |
| Other operating income74 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 12.0% |
| Non-recurring operating income76A | - | - | - | €0 | - | - | €0.004m | - |
| Operating charges60/66A | - | - | €1.8m | €2.5m | €1.9m | €2.6m | €2.4m | ▼ 8.7% |
| Goods for resale, raw materials and consumables60 | - | - | €0.2m | €0.1m | €0.03m | €0 | - | - |
| Purchases600/8 | - | - | €0.2m | €0.1m | €0.02m | €0 | - | - |
| Change in stocks: decrease (increase)609 | - | - | €0.005m | €0.02m | €0.007m | €0 | - | - |
| Services and other goods61 | - | - | €1.1m | €1.8m | €1.4m | €1.8m | €1.7m | ▼ 6.5% |
| Remuneration, social security and pensions62 | - | - | €0.3m | €0.4m | €0.4m | €0.5m | €0.6m | ▲ 16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.06m | €0.05m | €0.05m | €0.05m | €0.05m | €0.08m | €0.07m | ▼ 13.0% |
| Other operating charges640/8 | - | - | €0.003m | €0.004m | €0.005m | €0.005m | €0.006m | ▲ 13.7% |
| Non-recurring operating charges66A | - | - | €0.1m | €0.08m | €0.02m | €0.2m | €0.004m | ▼ 97.8% |
| Operating profit (loss)9901 | €2.0m | €1.2m | €1.3m | €1.1m | €1.4m | €1.2m | €0.6m | ▼ 47.5% |
| Financial income75/76B | - | - | €0.001m | €1.5m | €3.1m | €0.1m | €0.003m | ▼ 97.7% |
| Recurring financial income75 | €5.5m | €0.003m | €0 | €1.5m | €3.1m | €0.01m | €0.003m | ▼ 70.0% |
| Income from financial fixed assets750 | - | - | - | €1.5m | €3.1m | €0 | - | - |
| Income from current assets751 | - | - | - | - | - | €0.01m | €0.003m | ▼ 70.0% |
| Other financial income752/9 | - | - | €0 | €0 | - | - | - | - |
| Non-recurring financial income76B | - | - | €0.001m | - | - | €0.1m | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €1.0m | €6.9m | €2.9m | €0.2m | €0.2m | ▼ 12.7% |
| Recurring financial charges65 | €4.8m | €0.7m | €1.0m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 12.7% |
| Debt charges650 | €1.5m | €0.8m | €0.9m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 12.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | -€3.1m | €0 | - | - | - | - |
| Other financial charges652/9 | - | - | €3.1m | €0.001m | €0.004m | €0.004m | €0.003m | ▼ 23.2% |
| Non-recurring financial charges66B | - | - | - | €6.6m | €2.6m | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €2.7m | €0.6m | €0.3m | -€4.2m | €1.6m | €1.1m | €0.4m | ▼ 59.3% |
| Income taxes67/77 | €0.003m | €451 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 40.3% |
| Taxes670/3 | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 40.3% |
| Tax adjustments and reversals of tax provisions77 | - | - | €31 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €2.7m | €0.6m | €0.3m | -€4.2m | €1.6m | €1.1m | €0.4m | ▼ 59.4% |
| Transfer from tax-exempt reserves789 | - | - | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €3.6m | €2.2m | €0.3m | -€4.2m | €1.6m | €1.1m | €0.4m | ▼ 59.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €25.1m | €24.7m | €24.6m | €19.1m | €16.7m | €16.5m | €16.1m | ▼ 2.9% |
| Fixed assets21/28 | €24.1m | €24.1m | €24.1m | €17.6m | €14.9m | €14.9m | €14.9m | ▼ 0.1% |
| Tangible fixed assets22/27 | €0.1m | €0.08m | €0.1m | €0.1m | €0.08m | €0.2m | €0.1m | ▼ 39.6% |
| Plant, machinery and equipment23 | - | - | €0.07m | €0.09m | €0.05m | €0.06m | €0.03m | ▼ 51.4% |
| Furniture and vehicles24 | - | - | - | - | €0.006m | €0.04m | €0.03m | ▼ 27.5% |
| Leasing and similar rights25 | - | - | €0.05m | €0.03m | €0.02m | €0.07m | €0.04m | ▼ 35.0% |
| Financial fixed assets28 | €24.0m | €24.0m | €24.0m | €17.4m | €14.8m | €14.8m | €14.8m | ▲ 0.3% |
| Affiliated companies280/1 | - | - | €24.0m | €17.4m | €14.8m | €14.8m | €14.8m | ▲ 0.3% |
| Participating interests280 | - | - | €24.0m | €17.4m | €14.8m | €14.8m | €14.8m | ▲ 0.3% |
| Current assets29/58 | €1.0m | €0.6m | €0.5m | €1.5m | €1.8m | €1.6m | €1.2m | ▼ 28.2% |
| Stocks and contracts in progress3 | €0.03m | €0.04m | €0.03m | €0.007m | €0 | €0 | €0 | - |
| Stocks30/36 | - | - | €0.03m | €0.007m | €0 | - | - | - |
| Finished goods33 | - | - | €0.03m | €0.007m | €0 | - | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.4m | €0.2m | €1.0m | €1.8m | €1.3m | €0.8m | ▼ 34.3% |
| Trade receivables40 | - | - | €0.2m | €1.0m | €0.4m | €1.1m | €0.7m | ▼ 42.2% |
| Other amounts receivable41 | - | - | €285 | €0 | €1.3m | €0.2m | €0.2m | ▲ 25.0% |
| Cash at bank and in hand54/58 | €0.1m | €0.2m | €0.2m | €0.5m | €0.02m | €0.3m | €0.3m | ▼ 5.8% |
| Deferred charges and accrued income490/1 | - | - | €0.01m | €0.004m | €0.02m | €0.03m | €0.02m | ▼ 3.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €25.1m | €24.7m | €24.6m | €19.1m | €16.7m | €16.5m | €16.1m | ▼ 2.9% |
| Equity10/15 | €8.0m | €8.5m | €8.8m | €4.6m | €6.2m | €6.7m | €7.1m | ▲ 5.1% |
| Contributions10/11 | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | = |
| Capital10 | - | - | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | = |
| Issued capital100 | - | - | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | = |
| Reserves13 | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Non-distributable reserves130/1 | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Legal reserve130 | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | €4.0m | €4.4m | €4.7m | €0.5m | €2.1m | €2.7m | €3.0m | ▲ 12.9% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €17.1m | €16.1m | €15.8m | €14.5m | €10.6m | €9.8m | €9.0m | ▼ 8.4% |
| Amounts payable after more than one year17 | €13.4m | €12.4m | €12.8m | €10.0m | €7.8m | €6.6m | €5.3m | ▼ 19.4% |
| Financial debts170/4 | - | - | €12.8m | €10.0m | €7.8m | €6.6m | €5.3m | ▼ 19.4% |
| Subordinated loans170 | - | - | €2.5m | €0 | - | - | - | - |
| Leasing and similar obligations172 | - | - | €0.04m | €0.03m | €0.02m | €0.05m | €0.02m | ▼ 46.1% |
| Credit institutions173 | - | - | €10.2m | €9.0m | €7.8m | €6.6m | €5.3m | ▼ 19.2% |
| Other loans174 | - | - | - | €0.9m | €0 | - | - | - |
| Amounts payable within one year42/48 | €3.7m | €3.7m | €3.0m | €4.5m | €2.7m | €3.2m | €3.6m | ▲ 13.6% |
| Current portion of amounts payable after more than one year42 | - | - | €1.2m | €1.2m | €1.2m | €1.3m | €1.3m | ▲ 1.4% |
| Financial debts43 | - | - | €1.0m | €1.5m | €1.0m | €1.0m | €1.0m | = |
| Credit institutions430/8 | - | - | €1.0m | €1.5m | €1.0m | €1.0m | €1.0m | = |
| Trade debts44 | €0.3m | €0.3m | €0.4m | €1.5m | €0.3m | €0.5m | €0.4m | ▼ 31.5% |
| Suppliers440/4 | - | - | €0.4m | €1.5m | €0.3m | €0.5m | €0.4m | ▼ 31.5% |
| Taxes, remuneration and social security45 | - | - | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 17.8% |
| Taxes450/3 | - | - | €0.05m | €0.02m | €0.1m | €0.004m | €0.003m | ▼ 37.4% |
| Remuneration and social security454/9 | - | - | €0.06m | €0.08m | €0.09m | €0.1m | €0.1m | ▼ 17.1% |
| Other amounts payable47/48 | - | - | €0.3m | €0.2m | €0.03m | €0.3m | €0.9m | ▲ 206% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.02m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.7m | €0.6m | €0.3m | -€4.2m | €1.6m | €1.1m | €0.4m | ▼ 59.4% |
| + Depreciation and write-downs630 | €0.06m | €0.05m | €0.05m | €0.05m | €0.05m | €0.08m | €0.07m | ▼ 13.0% |
| Operating cash flow (approximation) | €2.8m | €0.6m | €0.3m | -€4.2m | €1.6m | €1.2m | €0.5m | ▼ 56.4% |
| Investment in fixed assets (approximation) | - | -€0.03m | -€0.1m | €6.5m | €2.6m | -€0.1m | -€0.05m | ▲ 52.6% |
| Change in cash | - | €0.06m | €0.07m | €0.3m | -€0.5m | €0.3m | -€0.02m | - |
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 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 14-07-2026 | 2026-00290132 |
| 31-12-2024 | full format | 18-07-2025 | 2025-00284654 |
| 31-12-2023 | full format | 23-07-2024 | 2024-00271211 |
| 31-12-2022 | full format | 24-07-2023 | 2023-00261254 |
| 31-12-2021 | full format | 11-07-2022 | 2022-20168337 |
| 31-12-2020 | full format | 24-06-2021 | 2021-23300385 |
| 31-12-2019 | full format | 01-07-2020 | 2020-24300182 |
| 30-06-2018 | full format | 15-01-2019 | 2019-01200021 |
| 31-03-2017 | full format | 31-10-2017 | 2017-68200330 |
| 31-12-2015 | abbreviated format | 21-06-2016 | 2016-19400036 |
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Of the 65 active companies whose main activity is manufacture of other non-metallic mineral products (NACE 23130), figures are known for 19. 7 are within a factor 10 of this equity. These 4 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2023 to 2025 · 5 entries · €34,000 awarded · €24,125 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €0 | €12,500 |
| 2024 | 2 | €34,000 | €9,000 |
| 2023 | 1 | €0 | €2,625 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.