CC Anderlecht
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 12-06-2026 at the NBB all 3 filings
Turnover
≈ €1.1m
Estimated: probably between €760,000 and €1.7m
Total assets
€392,667▲ 9.0%
2024 · €360,238
Net result
€96,431▲ 217%
2024 · €30,451
Working capital
€178,275▼ 17.6%
2024 · €216,412
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€136,255
▲ 151%
2025
20232025
Net result
€96,431
▲ 217%
2025
highest quarter of the sector
20232025
Equity
€128,685
▲ 19.1%
2025
highest quarter of the sector
20232025
Total assets
€392,667
▲ 9.0%
2025
highest quarter of the sector
20232025
Debt
€263,982
▲ 4.7%
2025
20232025
Working capital
€178,275
▼ 17.6%
2025
highest quarter of the sector
20232025
Solvency
32.8%
▲ 2.8pp
2025
middle half of the sector
20232025
Current ratio
2.03
▼ 1.31
2025
middle half of the sector
20232025
Return on assets (ROA)
24.6%
▲ 16.1pp
2025
highest quarter of the sector
20232025
Staff (FTE)
3.4
▲ 3.0%
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€43,072-€54,300▲ 26.1%€136,255▲ 151%
Net result€30,949above the sector's middle half-€30,451above the sector's middle half▼ 1.6%€96,431above the sector's middle half▲ 217%
Equity€78,476within the sector's middle half-€108,090within the sector's middle half▲ 37.7%€128,685above the sector's middle half▲ 19.1%
Total assets€325,033within the sector's middle half-€360,238above the sector's middle half▲ 10.8%€392,667above the sector's middle half▲ 9.0%
Debt€246,557-€252,148▲ 2.3%€263,982▲ 4.7%
Working capital€178,655above the sector's middle half-€216,412above the sector's middle half▲ 21.1%€178,275above the sector's middle half▼ 17.6%
Solvency24.1%within the sector's middle half-30.0%within the sector's middle half▲ 5.9pp32.8%within the sector's middle half▲ 2.8pp
Current ratio3.22above the sector's middle half-3.35above the sector's middle half▲ 0.132.03within the sector's middle half▼ 1.31
Return on assets (ROA)9.5%within the sector's middle half-8.5%within the sector's middle half▼ 1.1pp24.6%above the sector's middle half▲ 16.1pp
Staff (FTE)3-3.3▲ 10.0%3.4▲ 3.0%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 151% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The 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 €392,118
Fixed assets
€41,297 ▼ 18.6%
Current assets
€350,821 ▲ 13.7%
Equity and liabilities €392,667
Equity
€128,685 ▲ 19.1%
Debt
€263,982 ▲ 4.7%
Debt's share of the balance-sheet total falls from 70.0% to 67.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€150,634▲
2024 · €68,524
Cash flow
€110,810▲
2024 · €44,674
Quick ratio
0.97▼
2024 · 1.42
Debt to equity
2.05▼
2024 · 2.33
ROE
74.9%▲
2024 · 28.2%
Interest coverage
18.94▲
2024 · 8.79
Debt ≤ 1 year
€172,546▲
2024 · €92,232
Debt > 1 year
€91,437▼
2024 · €111,841
Income taxes
€32,706▲
2024 · €18,499
Staff costs
€138,876▲
2024 · €133,090
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 4 | 5 | 6 |
| full-time | 3 | 3 | 3 |
| part-time | 1 | 2 | 3 |
| in full-time equivalents | 3.2 | 3.4 | 3.6 |
| Average over the year, in full-time equivalents | 3 | 3.3 | 3.4 |
| On a permanent contract | 3 | 3 | 3 |
| Joined | 4 | 4 | 7 |
| Left | 2 | 3 | 6 |
| Training hours | 2 | 4 | 16 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €75,837 | - | €4,630 |
| Intangible fixed assets | €4,000 | - | - |
| Depreciation and write-downs of the year | €15,533 | €14,224 | €14,378 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €144,571 | €133,090 | €138,876 | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,533 | €14,224 | €14,378 | ▲ 1.1% |
| Other operating charges640/8 | €231 | €270 | €679 | ▲ 151% |
| Gross operating margin9900 | €203,408 | €201,884 | €290,188 | ▲ 43.7% |
| Operating profit (loss)9901 | €43,072 | €54,300 | €136,255 | ▲ 151% |
| Financial income75/76B | €848 | €2,445 | €836 | ▼ 65.8% |
| Recurring financial income75 | €848 | €2,445 | €836 | ▼ 65.8% |
| Financial charges65/66B | €9,013 | €7,795 | €7,954 | ▲ 2.0% |
| Recurring financial charges65 | €9,013 | €7,795 | €7,954 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | €34,908 | €48,950 | €129,137 | ▲ 164% |
| Income taxes67/77 | €3,959 | €18,499 | €32,706 | ▲ 76.8% |
| Profit (loss) for the period9904 | €30,949 | €30,451 | €96,431 | ▲ 217% |
| Transfer to tax-exempt reserves689 | €612 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €30,337 | €30,451 | €96,431 | ▲ 217% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €325,033 | €360,238 | €392,667 | ▲ 9.0% |
| Formation expenses20 | €1,155 | €852 | €549 | ▼ 35.5% |
| Fixed assets21/28 | €64,663 | €50,743 | €41,297 | ▼ 18.6% |
| Intangible fixed assets21 | €3,147 | €2,347 | €1,547 | ▼ 34.1% |
| Tangible fixed assets22/27 | €61,516 | €48,395 | €39,750 | ▼ 17.9% |
| Plant, machinery and equipment23 | €3,410 | €2,219 | €1,051 | ▼ 52.6% |
| Furniture and vehicles24 | €29,126 | €21,667 | €14,209 | ▼ 34.4% |
| Other tangible fixed assets26 | €28,980 | €24,509 | €24,490 | ▼ 0.1% |
| Current assets29/58 | €259,215 | €308,644 | €350,821 | ▲ 13.7% |
| Stocks and contracts in progress3 | €142,740 | €177,908 | €183,468 | ▲ 3.1% |
| Stocks30/36 | €142,740 | €177,908 | €183,468 | ▲ 3.1% |
| Amounts receivable within one year40/41 | €1,041 | €75,366 | €113,539 | ▲ 50.6% |
| Other amounts receivable41 | €1,041 | €75,366 | €113,539 | ▲ 50.6% |
| Cash at bank and in hand54/58 | €114,624 | €54,363 | €52,693 | ▼ 3.1% |
| Deferred charges and accrued income490/1 | €810 | €1,005 | €1,121 | ▲ 11.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €325,033 | €360,238 | €392,667 | ▲ 9.0% |
| Equity10/15 | €78,476 | €108,090 | €128,685 | ▲ 19.1% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €612 | €612 | €612 | = |
| Tax-exempt reserves132 | €612 | €612 | €612 | = |
| Profit (loss) carried forward14 | €30,337 | €60,787 | €82,219 | ▲ 35.3% |
| Investment grants15 | €7,527 | €6,691 | €5,854 | ▼ 12.5% |
| Amounts payable17/49 | €246,557 | €252,148 | €263,982 | ▲ 4.7% |
| Amounts payable after more than one year17 | €131,349 | €111,841 | €91,437 | ▼ 18.2% |
| Financial debts170/4 | €131,349 | €111,841 | €91,437 | ▼ 18.2% |
| Amounts payable within one year42/48 | €80,559 | €92,232 | €172,546 | ▲ 87.1% |
| Current portion of amounts payable after more than one year42 | €26,651 | €27,508 | €32,778 | ▲ 19.2% |
| Trade debts44 | €4,941 | €5,871 | €9,345 | ▲ 59.2% |
| Suppliers440/4 | €4,941 | €5,871 | €9,345 | ▲ 59.2% |
| Taxes, remuneration and social security45 | €48,968 | €58,853 | €55,423 | ▼ 5.8% |
| Taxes450/3 | €32,329 | €47,142 | €42,463 | ▼ 9.9% |
| Remuneration and social security454/9 | €16,639 | €11,711 | €12,960 | ▲ 10.7% |
| Other amounts payable47/48 | - | - | €75,000 | - |
| Accrued charges and deferred income492/3 | €34,649 | €48,075 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,949 | €30,451 | €96,431 | ▲ 217% |
| + Depreciation and write-downs630 | €15,533 | €14,224 | €14,378 | ▲ 1.1% |
| Operating cash flow (approximation) | €46,482 | €44,674 | €110,810 | ▲ 148% |
| Investment in fixed assets (approximation) | - | -€303 | -€4,933 | ▼ 1,529% |
| Change in cash | - | -€60,260 | -€1,670 | ▲ 97.2% |
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, 39,278 companies had the same profile as CC Anderlecht has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CC Anderlecht itself: 0.5% 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 39,278 companies, not a prediction for CC Anderlecht. 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.