Ancyvan
ActiveSummary
Ancyvan has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €548k and a net result of €116k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 1747 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-12
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 3.72 against 6.12 in 2024; short-term debt: 21.3% and cash: 39.3% of total assets), and 25.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
74.5%
Return on assets
15.7%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
24 d early
2023
55 d early
2022
60 d early
2021
25 d late
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€548k▲ 26.7%
2024 · €432k
2018: €337k
2019: €397k▲ +17.9% vs 2018
2020: €406k▲ +2.3% vs 2019
2021: €318k▼ -21.6% vs 2020lowest in 8 years
2022: €393k▲ +23.4% vs 2021
2023: €327k▼ -16.6% vs 2022
2024: €432k▲ +32.0% vs 2023
2025: €548k▲ +26.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€735k▲ 38.9%
2024 · €529k
2018: €668k
2019: €697k▲ +4.2% vs 2018
2020: €547k▼ -21.5% vs 2019
2021: €424k▼ -22.4% vs 2020lowest in 8 years
2022: €631k▲ +48.7% vs 2021
2023: €550k▼ -12.8% vs 2022
2024: €529k▼ -3.7% vs 2023
2025: €735k▲ +38.9% vs 2024highest in 8 years
2018 → 2025
Net result
€116k▼ 43.6%
2024 · €205k
2018: €-14k
2019: €60k▲ +529% vs 2018
2020: €9k▼ -85.0% vs 2019
2021: €-88k▼ -1071% vs 2020lowest in 8 years
2022: €74k▲ +185% vs 2021
2023: €24k▼ -67.9% vs 2022
2024: €205k▲ +760% vs 2023highest in 8 years
2025: €116k▼ -43.6% vs 2024
2018 → 2025
Working capital
€424k▲ 25.9%
2024 · €337k
2018: €191k
2019: €218k▲ +14.0% vs 2018
2020: €176k▼ -19.0% vs 2019
2021: €110k▼ -37.4% vs 2020lowest in 8 years
2022: €306k▲ +177% vs 2021
2023: €255k▼ -16.5% vs 2022
2024: €337k▲ +31.9% vs 2023
2025: €424k▲ +25.9% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€318k-€393k▲ 23.4%€327k▼ 16.6%€432k▲ 32.0%€548k▲ 26.7%
2021: €318klowest in 5 years
2022: €393k▲ +23.4% vs 2021
2023: €327k▼ -16.6% vs 2022
2024: €432k▲ +32.0% vs 2023
2025: €548k▲ +26.7% vs 2024highest in 5 years
Operating result€-86k-€82k€30k▼ 64.0%€300k▲ 915%€164k▼ 45.4%
2021: €-86klowest in 5 years
2022: €82k▲ +195% vs 2021
2023: €30k▼ -64.0% vs 2022
2024: €300k▲ +915% vs 2023highest in 5 years
2025: €164k▼ -45.4% vs 2024
Net result€-88k-€74k€24k▼ 67.9%€205k▲ 760%€116k▼ 43.6%
2021: €-88klowest in 5 years
2022: €74k▲ +185% vs 2021
2023: €24k▼ -67.9% vs 2022
2024: €205k▲ +760% vs 2023highest in 5 years
2025: €116k▼ -43.6% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €735k
Fixed assets
€155k ▲ 22.1%
Current assets
€581k ▲ 44.2%
Equity and liabilities €735k
Equity
€548k ▲ 26.7%
Debt
€187k ▲ 93.0%
Debt's share of the balance-sheet total rises from 18.3% to 25.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€195k▼
2024 · €331k
Cash flow
€147k▼
2024 · €236k
Current ratio
3.72▼
2024 · 6.12
Quick ratio
2.84▼
2024 · 4.51
Debt to equity
0.34▲
2024 · 0.22
ROE
21.1%▼
2024 · 47.4%
ROA
15.7%▼
2024 · 38.7%
Interest coverage
79.50▼
2024 · 165.82
Debt ≤ 1 year
€156k▲
2024 · €66k
Debt > 1 year
€31k▼
2024 · €31k
Income taxes
€52k▼
2024 · €96k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€529k€735k▲
Fixed assets21/28€127k€155k▲
Tangible fixed assets22/27€127k€155k▲
Land and buildings22€116k€91k▼
Plant, machinery and equipment23€10k€61k▲
Furniture and vehicles24-€2k
Current assets29/58€403k€581k▲
Stocks and contracts in progress3€106k€137k▲
Stocks30/36€106k€137k▲
Amounts receivable within one year40/41€139k€153k▲
Trade receivables40€134k€112k▼
Other amounts receivable41€5k€41k▲
Current investments50/53€150€150=
Cash at bank and in hand54/58€157k€289k▲
Deferred charges and accrued income490/1€427€1k▲
Equity and liabilities
Total equity and liabilities10/49€529k€735k▲
Equity10/15€432k€548k▲
Contributions10/11€47k€47k=
Reserves13€385k€501k▲
Tax-exempt reserves132€17k€17k=
Distributable reserves133€369k€484k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€97k€187k▲
Amounts payable after more than one year17€31k€31k▼
Financial debts170/4€31k€31k▼
Amounts payable within one year42/48€66k€156k▲
Current portion of amounts payable after more than one year42€25k€34k▲
Trade debts44€27k€84k▲
Suppliers440/4€27k€84k▲
Advances received on contracts in progress46€464€27k▲
Taxes, remuneration and social security45€13k€12k▼
Taxes450/3€13k€12k▼
Other amounts payable47/48€42€78▲
Income statement
Code20242025
Non-recurring operating income76A€5k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€31k▼
Other operating charges640/8€5k€6k▲
Non-recurring operating charges66A€5k€0▼
Gross operating margin9900€342k€200k▼
Operating profit (loss)9901€300k€164k▼
Financial income75/76B€3k€7k▲
Recurring financial income75€3k€7k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€301k€168k▼
Income taxes67/77€96k€52k▼
Profit (loss) for the period9904€205k€116k▼
Profit (loss) for the period to be appropriated9905€205k€116k▼
Appropriation of the result
Profit (loss) to be appropriated9906€205k€116k▼
Transfer from equity791/2€30k€0▼
Transfer to equity691/2€205k€116k▼
To other reserves6921€205k€116k▼
Profit to be distributed694/7€30k€0▼
Return on contributions (dividend)694€30k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34k | €33k | €31k | €31k | €31k | ▼ 0.8% |
| Other operating charges640/8 | €5k | €5k | €6k | €5k | €6k | ▲ 5.5% |
| Non-recurring operating charges66A | - | - | - | €5k | €0 | ▼ 100% |
| Gross operating margin9900 | €-48k | €120k | €66k | €342k | €200k | ▼ 41.4% |
| Operating profit (loss)9901 | €-86k | €82k | €30k | €300k | €164k | ▼ 45.4% |
| Financial income75/76B | €2k | €2k | €1k | €3k | €7k | ▲ 114% |
| Recurring financial income75 | €2k | €2k | €1k | €3k | €7k | ▲ 114% |
| Financial charges65/66B | €2k | €4k | €3k | €2k | €2k | ▲ 22.7% |
| Recurring financial charges65 | €2k | €4k | €3k | €2k | €2k | ▲ 22.7% |
| Profit (loss) for the period before taxes9903 | €-87k | €80k | €27k | €301k | €168k | ▼ 44.2% |
| Income taxes67/77 | €786 | €6k | €4k | €96k | €52k | ▼ 45.5% |
| Profit (loss) for the period9904 | €-88k | €74k | €24k | €205k | €116k | ▼ 43.6% |
| Profit (loss) for the period to be appropriated9905 | €-88k | €74k | €24k | €205k | €116k | ▼ 43.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €424k | €631k | €550k | €529k | €735k | ▲ 38.9% |
| Fixed assets21/28 | €208k | €187k | €155k | €127k | €155k | ▲ 22.1% |
| Tangible fixed assets22/27 | €208k | €187k | €155k | €127k | €155k | ▲ 22.1% |
| Land and buildings22 | €189k | €172k | €144k | €116k | €91k | ▼ 21.7% |
| Plant, machinery and equipment23 | €19k | €14k | €11k | €10k | €61k | ▲ 500% |
| Furniture and vehicles24 | - | - | - | - | €2k | - |
| Current assets29/58 | €217k | €444k | €395k | €403k | €581k | ▲ 44.2% |
| Stocks and contracts in progress3 | €186k | €259k | €292k | €106k | €137k | ▲ 29.3% |
| Stocks30/36 | €186k | €259k | €292k | €106k | €137k | ▲ 29.3% |
| Amounts receivable within one year40/41 | €16k | €133k | €181 | €139k | €153k | ▲ 9.7% |
| Trade receivables40 | €13k | €133k | €0 | €134k | €112k | ▼ 16.1% |
| Other amounts receivable41 | €2k | €181 | €181 | €5k | €41k | ▲ 649% |
| Current investments50/53 | - | €150 | €70k | €150 | €150 | = |
| Cash at bank and in hand54/58 | €14k | €51k | €32k | €157k | €289k | ▲ 84.6% |
| Deferred charges and accrued income490/1 | - | - | - | €427 | €1k | ▲ 172% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €424k | €631k | €550k | €529k | €735k | ▲ 38.9% |
| Equity10/15 | €318k | €393k | €327k | €432k | €548k | ▲ 26.7% |
| Contributions10/11 | €145k | €145k | €145k | €47k | €47k | = |
| Reserves13 | €188k | €248k | €182k | €385k | €501k | ▲ 30.0% |
| Non-distributable reserves130/1 | €22k | €22k | €22k | - | - | - |
| Reserves not available under the articles1311 | €22k | €22k | €22k | - | - | - |
| Tax-exempt reserves132 | €17k | €17k | €9k | €17k | €17k | = |
| Distributable reserves133 | €149k | €209k | €151k | €369k | €484k | ▲ 31.4% |
| Profit (loss) carried forward14 | €-15k | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €106k | €238k | €222k | €97k | €187k | ▲ 93.0% |
| Amounts payable after more than one year17 | - | €100k | €83k | €31k | €31k | ▼ 0.7% |
| Financial debts170/4 | - | €100k | €83k | €31k | €31k | ▼ 0.7% |
| Amounts payable within one year42/48 | €106k | €138k | €139k | €66k | €156k | ▲ 138% |
| Current portion of amounts payable after more than one year42 | €12k | - | - | €25k | €34k | ▲ 34.0% |
| Financial debts43 | - | €80k | €0 | - | - | - |
| Credit institutions430/8 | - | €80k | €0 | - | - | - |
| Trade debts44 | €36k | €2k | €15k | €27k | €84k | ▲ 210% |
| Suppliers440/4 | €36k | €2k | €15k | €27k | €84k | ▲ 210% |
| Advances received on contracts in progress46 | - | - | - | €464 | €27k | ▲ 5,685% |
| Taxes, remuneration and social security45 | €991 | €10k | €5k | €13k | €12k | ▼ 9.4% |
| Taxes450/3 | €991 | €10k | €5k | €13k | €12k | ▼ 9.4% |
| Other amounts payable47/48 | €58k | €47k | €119k | €42 | €78 | ▲ 85.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-88k | €74k | €24k | €205k | €116k | ▼ 43.6% |
| + Depreciation and write-downs630 | €34k | €33k | €31k | €31k | €31k | ▼ 0.8% |
| Operating cash flow (approximation) | €-54k | €107k | €55k | €236k | €147k | ▼ 37.9% |
| Investment in fixed assets (approximation) | - | €-12k | €0 | €-3k | €-59k | ▼ 2,180% |
| Change in cash | - | €37k | €-20k | €125k | €132k | ▲ 6.2% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Equity above €500kEq €548k ▲26.7%
4 profitable years in a row build equity to €548k.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €205k ▲760%
Operating result €300k, net result €205k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 6.12
Current ratio from 2.84 to 6.12; short-term debt falls from €139k to €66k.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €74k
Net result €74k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet €-88k
Net result drops to €-88k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Back to profitnet €60k
Net result €60k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 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, Kortemark · 1 establishment unit since 1973
Ground area
7,428 m²
Building footprint
147 m²
Volume, LiDAR
699 m³
Parcel 32005F0138/00F000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Zuidstraat 4, 8610 Kortemark
since 19732.008.377.476
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32005F0138/00F000 | Flanders | 7,428 m² | 1 · 146 m² | 10.0 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,809 EUR awarded · 1,809 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,482 EUR | 1,482 EUR |
| 2024 | 1 | 327 EUR | 327 EUR |
Schemes
Subsidie in het kader van land- en tuinbouwbeleid
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortemark2.008.377.476
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DE ROECK
BE 0863.501.423
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Of 902 companies in sector 01461 we hold annual accounts for 295. 248 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-03-1973
Fiscal year end31-12
Activities, NACEBEL 2025
01461Pig breeding farms
01471Crop and animal production, hunting and related service activities
Scores and ratios are computed by Checked and are not a credit decision.