ANT2012 · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ANT2012 is 0.7% (low). The 2025 annual accounts show equity of €486k and a net result of €69k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 91% of 242 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 91% of 242 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Filed after the deadline

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-03. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-03-2025, that is 31-10-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-03-2025	31-10-2025	28-11-2025	28 d late	2025-00576821
31-03-2024	31-10-2024	22-11-2024	22 d late	2024-00604109
31-03-2023	31-10-2023	20-10-2023	11 d early	2023-00495349
31-03-2022	31-10-2022	28-11-2022	28 d late	2022-20529753
31-03-2021	31-10-2021	15-12-2021	45 d late	2021-80700013
31-03-2020	31-10-2020	06-11-2020	6 d late	2020-69200199
31-03-2019	31-10-2019	05-12-2019	35 d late	2019-75500470
31-03-2018	31-10-2018	27-11-2018	27 d late	2018-73000001
31-03-2017	31-10-2017	27-10-2017	4 d early	2017-68500595
31-03-2016	31-10-2016	27-09-2016	34 d early	2016-61800361

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2013, 13 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.7% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Annual accounts: healthy financial profile −Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€4.47M

EBIT margin2.4%

Net result€69k-23.8%

Working capital€211k+42.1%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 28-11-2025 with the NBB · fiscal year 2025 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~18.5%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	63.0%	13.8%	better than 91% of 242 sector peers
Net result	€69k	€19k	better than 70% of 242 sector peers
Equity	€486k	€94k	better than 79% of 242 sector peers
Gross operating margin	€627k	€319k	better than 74% of 214 sector peers
Staff costs	€460k	€279k	higher than 67% of 214 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P91

Improving position over 2020-2025 · n=242-866

Net result P70

Improving position over 2020-2025 · n=242-867

Equity P79

Improving position over 2020-2025 · n=242-868

Gross operating margin P74

Stable position over 2020-2025 · n=214-794

Describes the position versus peers, not a forecast.

Revenue

€4.47M

- 19-25

EBITDA

€153k

-14.9% 19-25

Net profit

€69k

-23.8% 19-25

Cash flow

€116k

-20.0% 19-25

Total assets

€771k

-4.1% 19-25

Equity

€486k

+16.7% 19-25

Working capital

€211k

+42.1% 19-25

Employees (FTE)

14

-2.2% 19-25

Staff costs

€460k

+12.0% 19-25

Income taxes

€24k

-5.2% 19-25

Debt

€285k

-26.4% 19-25

Debt ≤ 1y

€203k

-28.5% 19-25

Debt > 1y

€59k

-32.1% 19-25

Current ratio

2.04

+33.9% 19-25

Quick ratio

0.97

+37.5% 19-25

Solvency

63.0%

+21.7% 19-25

Debt / equity

0.59

-36.9% 19-25

ROE

14.3%

-34.7% 19-25

ROA

9.0%

-20.6% 19-25

Net margin

1.6%

- 19-25

EBITDA margin

3.4%

- 19-25

Interest coverage

10.80

-5.1% 19-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	volledig
Revenue	€4.47M
EBITDA	€153k
Net profit	€69k
Cash flow	€116k
Staff costs	€460k
Income taxes	€24k
Dividends	-
Total assets	€771k
Equity	€486k
Debt	€285k
of which ≤ 1y	€203k
of which > 1y	€59k
Working capital	€211k
Employees (FTE)	13.6

Ratios (computed)

	2025
Current ratio	2.04
Quick ratio	0.97
Working capital ratio	27.3%
Solvency	63.0%
Debt / equity	0.59
Long-term debt ratio	0.12
Interest coverage	10.80
Gross margin	13.1%
Net margin	1.6%
ROA	9.0%
ROE	14.3%
EBITDA margin	3.4%
Days sales outstanding	4d
Days payable outstanding	11d
Inventory turnover	17.85
Days inventory (DSI)	20d

Balance-sheet composition 2025

Assets

Fixed assets €356k · 46.2% Current assets €414k · 53.8%

Equity & liabilities

Equity €486k · 63.0% Debt €285k · 37.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€771k
Fixed assets	21/28	€356k
Formation expenses	20	€1k
Tangible fixed assets	22/27	€354k
Financial fixed assets	28	€1k
Current assets	29/58	€414k
Stocks & contracts in progress	3	€218k
Amounts receivable within one year	40/41	€102k
Cash & bank	54/58	€81k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€771k
Equity	10/15	€486k
Contributions / capital	10/11	€155k
Reserves	13	€331k
Amounts payable	17/49	€285k
Amounts payable after one year	17	€59k
Amounts payable within one year	42/48	€203k
Trade debts payable within one year	44	€117k
Income statement
Turnover	70	€4.47M
Gross operating margin	9900	€627k
Operating result	9901	€107k
Financial income	75	€822
Financial charges	65	€14k
Result before taxes	9903	€94k
Income taxes	67/77	€24k
Net result for the period	9904	€69k
Result to be appropriated	9905	€69k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

90 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

SPAR ANTHISNES

Rue du Moulin 21, 4160 AnthisnesDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)

since 20132.217.155.823

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2,971 m²

Buildings1

Building footprint1,137 m²

Volume (LiDAR)5,735 m³

Tallest building9.2 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62004C0480/00P002	Wallonia	2,971 m²	1 · 1,137 m²	9.2 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

81 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 90

Profitability 40

Solvency 99

Growth 78

Stability 100

Ask AI about this company

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AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Similar

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We hold annual accounts for 1,627 of the 10,428 companies in this sector. 630 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)47114

Primary activity highlighted.

Names & trade names

Legal nameFR

ANT2012

Registered office

Rue du Moulin 21

4160 Anthisnes, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.