ANETH
ActiveSummary
ANETH has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-644k) and a net result of €-192k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 925 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-10
Solvency21▲+4
Growth33▲+2
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.02 in 2024; short-term debt: 26.2% and cash: 0.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-3.7%
Return on assets
-1.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-644k
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
17 d early
2023
23 d early
2022
27 d early
2021
30 d early
2020
21 d early
2019
28 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€259k▲ 8.0%
2024 · €240k
2020: €257k
2021: €239k
2022: €276k
2023: €247k
2024: €240k
2020 → 2025
EBIT margin
-49.4%▼ 25.7pp
2024 · -23.7%
2020: 27.9%
2021: 1.6%
2022: -40.1%
2023: -47.7%
2024: -23.7%
2020 → 2025
Net result
€-192k▼ 62.7%
2024 · €-118k
2018: €21k
2019: €28k
2020: €-160
2021: €-74k
2022: €-185k
2023: €-177k
2024: €-118k
2018 → 2025
Working capital
€-4.47M▼ 6.0%
2024 · €-4.22M
2018: €-330k
2019: €-686k
2020: €-2.58M
2021: €-3.28M
2022: €-3.80M
2023: €-4.03M
2024: €-4.22M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€239k-€276k▲ 15.7%€247k▼ 10.5%€240k▼ 2.9%€259k▲ 8.0%
Equity€27k-€-158k€-334k▼ 112%€-452k▼ 35.2%€-644k▼ 42.4%
Operating result€4k-€-111k€-118k▼ 6.4%€-57k▲ 51.7%€-128k▼ 125%
Net result€-74k-€-185k▼ 151%€-177k▲ 4.5%€-118k▲ 33.3%€-192k▼ 62.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €128k in 2025 against €57k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.56M
Fixed assets
€17.43M ▲ 217%
Current assets
€128k ▲ 62.4%
Key figures and ratios
EBITDA
€71k▼
2024 · €138k
Cash flow
€8k▼
2024 · €77k
Solvency
-3.7%▲
2024 · -8.1%
Current ratio
0.03▲
2024 · 0.02
Debt to equity
-28.27▼
2024 · -13.35
ROA
-1.1%▲
2024 · -2.1%
Interest coverage
1.75▼
2024 · 3.73
Debt
€18.20M▲
2024 · €6.04M
Debt ≤ 1 year
€4.60M▲
2024 · €4.30M
Debt > 1 year
€13.60M▲
2024 · €1.74M
Income taxes
€25k▲
2024 · €24k
Staff costs
€95k▲
2024 · €63k
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 · 66 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.58M€17.56M▲
Fixed assets21/28€5.50M€17.43M▲
Tangible fixed assets22/27€5.50M€5.37M▼
Land and buildings22€5.49M€5.36M▼
Other tangible fixed assets26€10k€10k=
Financial fixed assets28€3k€12.06M▲
Affiliated companies280/1-€12.06M
Participating interests280-€12.06M
Companies linked by participating interests282/3€3k€3k=
Participating interests282€3k€3k=
Current assets29/58€79k€128k▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€57k€75k▲
Trade receivables40€26k€45k▲
Other amounts receivable41€31k€30k▼
Cash at bank and in hand54/58€19k€51k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€5.58M€17.56M▲
Equity10/15€-452k€-644k▼
Contributions10/11€7k€7k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-460k€-652k▼
Amounts payable17/49€6.04M€18.20M▲
Amounts payable after more than one year17€1.74M€13.60M▲
Financial debts170/4€1.74M€1.54M▼
Credit institutions173€1.74M€1.54M▼
Other amounts payable178/9-€12.06M
Amounts payable within one year42/48€4.30M€4.60M▲
Current portion of amounts payable after more than one year42€197k€197k=
Trade debts44€45k€66k▲
Suppliers440/4€45k€66k▲
Taxes, remuneration and social security45€39k€50k▲
Taxes450/3€29k€38k▲
Remuneration and social security454/9€9k€12k▲
Other amounts payable47/48€4.02M€4.29M▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Operating income70/76A€389k€418k▲
Turnover70€240k€259k▲
Other operating income74€149k€159k▲
Operating charges60/66A€446k€546k▲
Services and other goods61€179k€246k▲
Remuneration, social security and pensions62€63k€95k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€194k€199k▲
Other operating charges640/8€10k€6k▼
Operating profit (loss)9901€-57k€-128k▼
Financial income75/76B€794€3k▲
Recurring financial income75€794€3k▲
Income from financial fixed assets750-€472
Income from current assets751€794€3k▲
Other financial income752/9€0€0▼
Financial charges65/66B€38k€42k▲
Recurring financial charges65€38k€42k▲
Debt charges650€37k€41k▲
Other financial charges652/9€1k€1k▲
Profit (loss) for the period before taxes9903€-94k€-167k▼
Income taxes67/77€24k€25k▲
Taxes670/3€36k€35k▼
Tax adjustments and reversals of tax provisions77€12k€10k▼
Profit (loss) for the period9904€-118k€-192k▼
Profit (loss) for the period to be appropriated9905€-118k€-192k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-460k€-652k▼
Profit (loss) brought forward from the previous period14P€-343k€-460k▼
Social balance
Average headcount (FTE)90870.80.9▲
The notes to these accounts (54 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-192k
Net result drops to €-192k, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €28k ▲34.2%
Operating result €115k, net result €28k, both a record.
31-12
Financial
Equity above €100kEq €101k ▲38.5%
2 profitable years in a row build equity to €101k.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Kortrijk · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hendrik Consciencestraat(Kor) 98500 KortrijkGround area
1,264 m²
Building footprint
327 m²
Volume, LiDAR
5,049 m³
Parcel 34022E0003/00T000, Flanders · tallest building 19.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
ANETH
since 20062.157.597.130
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0003/00T000 | Flanders | 1,264 m² | 1 · 327 m² | 19.9 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,500 companies in sector 82990 we hold annual accounts for 9,404. 6,264 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.