ACTIVE

ATHAGO

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Financial year 2025 · closed on 31/12/2025

Net result

-138,7 k €

-23.4% YoY

Gross margin

-26,6 k €

-245.4% YoY

Equity

299,5 k €

-31.7% YoY

What does ATHAGO do?

ATHAGO is a Public limited company incorporated in 1971. Its registered office is in Zoersel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0407.980.317

Incorporation

01/01/1971

Legal form

Public limited company

Registered office

Kwikaard 110
2980 Zoersel · FlandreSee on map

Contributed capital

65 000,00 €

Latest accounts

31/12/2025

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

Solid equityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-26,6 k €	-245%	18,3 k €	-94.0%	305,5 k €	-50.2%	613,1 k €	+2.2%	599,8 k €	-9.1%	659,6 k €	+11.0%	594,4 k €	-2.0%	606,3 k €	+1.8%	595,6 k €	+21.9%	488,4 k €	-10.2%	544,2 k €	-16.8%	654,1 k €	+36.7%	478,3 k €	-13.1%	550,7 k €
EBITDA	-85,7 k €	-33.6%	-64,2 k €	-285%	34,6 k €	+8.8%	31,8 k €	-68.0%	99,3 k €	-34.9%	152,6 k €	+19.7%	127,5 k €	+25.6%	101,6 k €	-0.8%	102,4 k €	+2.0%	100,4 k €	+14.7%	87,5 k €	-41.5%	149,6 k €	+54.7%	96,7 k €	-37.9%	155,7 k €
Operating result	-123,1 k €	-25.9%	-97,8 k €	-1294%	8,2 k €	+11.7%	7,3 k €	-89.7%	71,4 k €	-19.7%	88,9 k €	+64.9%	53,9 k €	+51.4%	35,6 k €	+14.2%	31,2 k €	-21.0%	39,4 k €	-13.4%	45,6 k €	-51.7%	94,3 k €	+178%	33,9 k €	-71.2%	117,6 k €
Net result	-138,7 k €	-23.4%	-112,4 k €	-47723%	236 €	-80.2%	1,2 k €	-97.8%	55,2 k €	+58.1%	34,9 k €	+196%	11,8 k €	+663%	1,5 k €	-54.0%	3,4 k €	-27.5%	4,6 k €	+41.6%	3,3 k €	-90.7%	35,1 k €	+294%	8,9 k €	-89.8%	86,9 k €
Balance sheet
Equity	299,5 k €	-31.7%	438,2 k €	-20.4%	550,6 k €	+0.0%	550,4 k €	+0.2%	549,2 k €	+35.3%	405,9 k €	+9.4%	371 k €	+3.3%	359,2 k €	+0.4%	357,7 k €	+0.9%	354,3 k €	+60.9%	220,2 k €	+1.5%	217 k €	+2.4%	211,9 k €	+0.4%	211 k €
Total assets	612,6 k €	-33.0%	914,3 k €	-14.1%	1,1 M €	+12.7%	944,8 k €	-13.9%	1,1 M €	-39.5%	1,8 M €	+29.1%	1,4 M €	-6.8%	1,5 M €	-9.9%	1,7 M €	+39.5%	1,2 M €	-31.3%	1,7 M €	+61.7%	1,1 M €	-2.1%	1,1 M €	+28.5%	857,4 k €
Cash	11,6 k €	-79.7%	57,5 k €	+188%	19,9 k €	-75.5%	81,3 k €	-83.3%	487,4 k €	+19.3%	408,5 k €	+110%	194,5 k €	+1028%	17,2 k €	-81.4%	92,5 k €	-75.6%	379,1 k €	+54.3%	245,6 k €	+610%	34,6 k €	+207%	11,3 k €	-91.4%	130,7 k €
Debts	311 k €	-34.7%	476 k €	-7.4%	514,2 k €	+30.4%	394,4 k €	-28.0%	547,6 k €	-61.0%	1,4 M €	+36.6%	1 M €	-9.9%	1,1 M €	-13.0%	1,3 M €	+55.8%	842,8 k €	-44.7%	1,5 M €	+77.0%	860,1 k €	-3.2%	888,7 k €	+37.8%	645,1 k €
Other
Workforce	–		–		3,9 ETP	-56.7%	9,0 ETP	+12.5%	8,0 ETP	-20.8%	10,1 ETP	-1.9%	10,3 ETP	-8.0%	11,2 ETP	0.0%	11,2 ETP	+0.9%	11,1 ETP	-14.0%	12,9 ETP	-7.2%	13,9 ETP	+36.3%	10,2 ETP	-8.1%	11,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 25 ended

Active mandates

THYGIOS

Director · since 02 août 2023 · 0810.108.861

Represented by Kris Govaerts

Active

Ended mandates

THYGIOS

Director · since 01 janvier 2015 · 0810.108.861

Represented by Govaerts KRIS

Ended

THYGIOS

Managing director · since 01 janvier 2015 · 0810.108.861

Represented by Govaerts KRIS

Ended

THYGIOS

Director · since 01 janvier 2015 · 0810.108.861

Represented by Govaerts KRIS

Ended

THYGIOS

Managing director · since 01 janvier 2015 · 0810.108.861

Represented by Kris Govaerts

Ended

At this address

Other companies at this address

Company	CBE no.
Eltrico● Active	0412.725.201
GROEP BUELENS● Active	0456.071.036
LALIZE● Active	0473.459.968

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/06/2026	17/06/2025	08/05/2024	16/06/2023	09/05/2022	18/06/2021
General meeting	02/06/2026	20/05/2025	02/05/2024	08/06/2023	08/04/2022	08/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	02/06/2026	11/06/2026	Dutch	PDF
Micro model	31/12/2024	20/05/2025	17/06/2025	Dutch	PDF
Abridged model	31/12/2023	02/05/2024	08/05/2024	Dutch	PDF
Abridged model	31/12/2022	08/06/2023	16/06/2023	Dutch	PDF
Abridged model	31/12/2021	08/04/2022	09/05/2022	Dutch	PDF
Abridged model	31/12/2020	08/04/2021	18/06/2021	Dutch	PDF
Abridged model	31/12/2019	09/04/2020	29/05/2020	Dutch	PDF
Abridged model	31/12/2018	11/04/2019	13/06/2019	Dutch	PDF
Abridged model	31/12/2017	12/04/2018	26/06/2018	Dutch	PDF
Abridged model	31/12/2016	13/04/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	14/04/2016	26/05/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	18/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	21/06/2013	Dutch	PDF
Abridged model	31/12/2011	24/05/2012	19/06/2012	Dutch	PDF
Abridged model	31/12/2010	18/03/2011	09/06/2011	Dutch	PDF
Abridged model	31/12/2009	08/04/2010	13/07/2010	Dutch	PDF
Abridged model	31/12/2008	09/04/2009	16/07/2009	Dutch	PDF
Abridged model	31/12/2007	10/04/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	26/04/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 25 ended

Active mandates

THYGIOS

Director · since 02 août 2023 · 0810.108.861

Represented by Kris Govaerts

Active

Ended mandates

THYGIOS

Director · since 01 janvier 2015 · 0810.108.861

Represented by Govaerts KRIS

Ended

THYGIOS

Managing director · since 01 janvier 2015 · 0810.108.861

Represented by Govaerts KRIS

Ended

THYGIOS

Director · since 01 janvier 2015 · 0810.108.861

Represented by Govaerts KRIS

Ended

THYGIOS

Managing director · since 01 janvier 2015 · 0810.108.861

Represented by Kris Govaerts

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/08/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/04/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2012
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/03/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/06/2003
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/10/2002
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-138,7 k €↓
2024
Annual accounts 2024-112,4 k €↓
2023
Annual accounts 2023236 €↓
2022
Annual accounts 20221,2 k €↓
2021
Annual accounts 202155,2 k €↑
2014
Annual accounts 201434,9 k €↑
2013
Annual accounts 201311,8 k €↑
2012
Annual accounts 20121,5 k €↓
2011
Annual accounts 20113,4 k €↓
2010
Annual accounts 20104,6 k €↑
2009
Annual accounts 20093,3 k €↓
2008
Annual accounts 200835,1 k €↑
2007
Annual accounts 20078,9 k €↓
2006
Annual accounts 200686,9 k €
01/01/1971
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ATHAGO

Overview

What does ATHAGO do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline