Dr. Athanasios Georgopoulos
ActiveSummary
Dr. Athanasios Georgopoulos has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €603,875 and a net result of €385,938. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 27.33 against 4.09 in 2024; short-term debt: 3.5% and cash: 31.9% of total assets), and 3.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.3%
Return on assets
61.6%
Age of the figures
9 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €603,875
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-02-2026, 154 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
154 d early
2024
31 d early
2023
27 d late
2022
17 d early
2021
29 d late
2020
30 d late
2019
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 18 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€603,875▲ 177%
2024 · €217,937
Total assets
€626,992▲ 116%
2024 · €290,434
Net result
€385,938▼ 11.7%
2024 · €436,987
Working capital
€585,943▲ 185%
2024 · €205,517
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
Line20212022202320242025
Operating result€272,644▲ 22.3%€283,664▲ 4.0%€431,326▲ 52.1%€575,270▲ 33.4%€496,149▼ 13.8%
Net result€212,524▲ 18.8%€221,778▲ 4.4%€327,936▲ 47.9%€436,987▲ 33.3%€385,938▼ 11.7%
Equity€177,690▲ 54.3%€47,690▼ 73.2%€375,625▲ 688%€217,937▼ 42.0%€603,875▲ 177%
Total assets€385,363▲ 8.6%€314,540▼ 18.4%€426,926▲ 35.7%€290,434▼ 32.0%€626,992▲ 116%
Debt€207,674▼ 13.4%€266,851▲ 28.5%€51,301▼ 80.8%€72,497▲ 41.3%€23,118▼ 68.1%
Working capital€134,559▲ 29.4%€25,550▼ 81.0%€356,337▲ 1,295%€205,517▼ 42.3%€585,943▲ 185%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €626,992
Fixed assets
€18,796 ▲ 2.0%
Current assets
€608,196 ▲ 124%
Equity and liabilities €626,992
Equity
€603,875 ▲ 177%
Debt
€23,118 ▼ 68.1%
Debt's share of the balance-sheet total falls from 25.0% to 3.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€507,348▼
2024 · €588,290
Cash flow
€397,136▼
2024 · €450,007
Current ratio
27.33▲
2024 · 4.09
Debt to equity
0.04▼
2024 · 0.33
ROE
63.9%▼
2024 · 200.5%
ROA
61.6%▼
2024 · 150.5%
Interest coverage
866.77▲
2024 · 376.37
Debt ≤ 1 year
€22,254▼
2024 · €66,496
Debt > 1 year
€864▼
2024 · €6,001
Income taxes
€120,090▼
2024 · €141,748
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 17,792 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,829 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,080 | €17,841 | €12,635 | €13,020 | €11,198 | ▼ 14.0% |
| Other operating charges640/8 | €1,196 | €460 | €434 | €628 | €808 | ▲ 28.6% |
| Gross operating margin9900 | €286,920 | €301,965 | €444,395 | €588,919 | €508,156 | ▼ 13.7% |
| Operating profit (loss)9901 | €272,644 | €283,664 | €431,326 | €575,270 | €496,149 | ▼ 13.8% |
| Financial income75/76B | €5,263 | €7,223 | €3,169 | €5,028 | €10,464 | ▲ 108% |
| Recurring financial income75 | €5,263 | €7,223 | €3,169 | €5,028 | €10,464 | ▲ 108% |
| Financial charges65/66B | €736 | €1,407 | €2,565 | €1,563 | €585 | ▼ 62.6% |
| Recurring financial charges65 | €736 | €1,407 | €2,565 | €1,563 | €585 | ▼ 62.6% |
| Profit (loss) for the period before taxes9903 | €277,171 | €289,480 | €431,929 | €578,735 | €506,028 | ▼ 12.6% |
| Income taxes67/77 | €64,647 | €67,702 | €103,994 | €141,748 | €120,090 | ▼ 15.3% |
| Profit (loss) for the period9904 | €212,524 | €221,778 | €327,936 | €436,987 | €385,938 | ▼ 11.7% |
| Transfer from tax-exempt reserves789 | €62,713 | - | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | €147,350 | €0 | €210,500 | - |
| Profit (loss) for the period to be appropriated9905 | €275,237 | €221,778 | €180,586 | €436,987 | €175,438 | ▼ 59.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €385,363 | €314,540 | €426,926 | €290,434 | €626,992 | ▲ 116% |
| Fixed assets21/28 | €54,983 | €38,189 | €30,351 | €18,421 | €18,796 | ▲ 2.0% |
| Intangible fixed assets21 | €12,000 | €8,000 | €4,000 | €0 | - | - |
| Tangible fixed assets22/27 | €42,983 | €30,189 | €26,351 | €18,421 | €18,796 | ▲ 2.0% |
| Land and buildings22 | - | - | €3,001 | €2,297 | €1,594 | ▼ 30.6% |
| Plant, machinery and equipment23 | €40,659 | €28,581 | €22,277 | €15,585 | €8,059 | ▼ 48.3% |
| Furniture and vehicles24 | €182 | - | - | - | €7,357 | - |
| Other tangible fixed assets26 | €2,142 | €1,607 | €1,073 | €539 | €1,786 | ▲ 232% |
| Current assets29/58 | €330,380 | €276,352 | €396,575 | €272,012 | €608,196 | ▲ 124% |
| Amounts receivable within one year40/41 | €165,904 | €188,489 | €223,120 | €238,996 | €381,101 | ▲ 59.5% |
| Trade receivables40 | €107,809 | €120,857 | €214,627 | €235,605 | €211,975 | ▼ 10.0% |
| Other amounts receivable41 | €58,095 | €67,632 | €8,493 | €3,391 | €169,127 | ▲ 4,887% |
| Current investments50/53 | - | €19,453 | €19,453 | €19,453 | €19,453 | = |
| Cash at bank and in hand54/58 | €161,513 | €60,947 | €152,838 | €8,792 | €199,984 | ▲ 2,175% |
| Deferred charges and accrued income490/1 | €2,963 | €7,463 | €1,165 | €4,772 | €7,659 | ▲ 60.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €385,363 | €314,540 | €426,926 | €290,434 | €626,992 | ▲ 116% |
| Equity10/15 | €177,690 | €47,690 | €375,625 | €217,937 | €603,875 | ▲ 177% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €159,090 | €29,090 | €357,025 | €199,337 | €585,275 | ▲ 194% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | €147,350 | €147,350 | €357,850 | ▲ 143% |
| Distributable reserves133 | €157,230 | €27,230 | €209,675 | €51,987 | €227,425 | ▲ 337% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €207,674 | €266,851 | €51,301 | €72,497 | €23,118 | ▼ 68.1% |
| Amounts payable after more than one year17 | €11,853 | €16,049 | €11,062 | €6,001 | €864 | ▼ 85.6% |
| Financial debts170/4 | €11,853 | €16,049 | €11,062 | €6,001 | €864 | ▼ 85.6% |
| Amounts payable within one year42/48 | €195,821 | €250,802 | €40,238 | €66,496 | €22,254 | ▼ 66.5% |
| Current portion of amounts payable after more than one year42 | €7,280 | €4,913 | €4,987 | €5,061 | €5,137 | ▲ 1.5% |
| Trade debts44 | €16,259 | €1,764 | €914 | €3,938 | €7,801 | ▲ 98.1% |
| Suppliers440/4 | €16,259 | €1,764 | €914 | €3,938 | €7,801 | ▲ 98.1% |
| Taxes, remuneration and social security45 | €22,281 | €22,347 | €34,338 | €34,263 | €9,315 | ▼ 72.8% |
| Taxes450/3 | €22,281 | €22,347 | €34,338 | €34,263 | €6,693 | ▼ 80.5% |
| Remuneration and social security454/9 | - | - | - | - | €2,623 | - |
| Other amounts payable47/48 | €150,000 | €221,778 | €0 | €23,233 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €212,524 | €221,778 | €327,936 | €436,987 | €385,938 | ▼ 11.7% |
| + Depreciation and write-downs630 | €13,080 | €17,841 | €12,635 | €13,020 | €11,198 | ▼ 14.0% |
| Operating cash flow (approximation) | €225,604 | €239,619 | €340,571 | €450,007 | €397,136 | ▼ 11.7% |
| Investment in fixed assets (approximation) | - | -€1,047 | -€4,797 | -€1,091 | -€11,573 | ▼ 961% |
| Change in cash | - | -€100,566 | €91,891 | -€144,046 | €191,192 | ▲ 233% |
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
Next filing, fiscal year 2026, expected by
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 7current ratio 27.33
Current ratio from 4.09 to 27.33; short-term debt falls from €66,496 to €22,254.
31-12
Financial
Equity above €500,000Eq €603,875 ▲177%
8 profitable years in a row build equity to €603,875.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €436,987 ▲33.3%
Operating result €575,270, net result €436,987, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Liquidity times 9current ratio 9.86
Current ratio from 1.10 to 9.86; short-term debt falls from €250,802 to €40,238.
31-12
Financial
Equity above €200,000Eq €375,625 ▲688%
6 profitable years in a row build equity to €375,625.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Equity above €150,000Eq €177,690 ▲54.3%
4 profitable years in a row build equity to €177,690.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Show earlier events
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Menen · 1 establishment unit since 2014
Ground area
676 m²
Building footprint
111 m²
Volume, LiDAR
541 m³
Parcel 34027E0978/00B002, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dr. Athanasios Georgopoulos
since 20142.237.877.793
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027E0978/00B002 | Flanders | 676 m² | 1 · 111 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
648823U8Q0Y6LC5FJ520
Identification & contact
Identification
Legal formPrivate limited company
Founded29-12-2014
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0507787674
Also
9925:BE0507787674
Registered
24-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.