Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2020 to 2025 closed with a loss. 2025 was the heaviest.
€1.7m of the debts are secured on the company's own assets. In 2021 that was €2.5m.
In 2025, 1 person joined and 1 left.
ANETH pays its suppliers 6 days later than in 2024. Customers pay 23 days later.
Less equity than 95% of companies in office administrative support. Sector median €971,856 · 1,167 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 12% of them on solvency, 24% on liquidity, 29% on profitability and 38% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Liquidity is insufficient, with a current ratio of 0.03 (0.02 in 2024), below 1. Short-term debt is 26.2% and cash 0.3% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ANETH Kortrijk | €259,289 | -49.4% | -3.7% | 0.9 |
| Budgetslager Holding Wommelgem | €255,000 | 5.1% | 45.8% | 2 |
| GTE CONSTRUCT Waregem | €260,300 | -8.2% | 62.5% | 0.3 |
| PROMACTIF GROUPE Oreye | €292,704 | 7.4% | 84.1% | 0 |
| ARGENSON GESTION FINANCE Mons | €372,000 | 72.4% | 97.8% | 0.5 |
| MO-THOR Genk | €546,833 | - | 69.2% | 1.5 |
| MV INVEST Chapelle-lez-Herlaimont | €331,000 | 36.3% | 90.8% | 0.5 |
Grey: the largest companies of the sector (office administrative support (NACE 82)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ANETH: other business support services (NACE 82990). They are comparable in size and age: total assets between €7.4m and €27m, founded between 1994 and 2012.
ANETH has existed since 2006. Turnover fell from €235,778 in 2014 to €7,000 in 2015.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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