ATHANOR FINANCE
0421.755.307 · rovalta.com · 23/09/2026
ACTIVE
ATHANOR FINANCE
Financial year 2025 · closed on 31/12/2025
Net result
-54,5 k €
+8.5% YoY
Gross margin
-12,3 k €
-61.3% YoY
Equity
1,9 M €
-2.9% YoY
Overview
What does ATHANOR FINANCE do?
ATHANOR FINANCE is a Public limited company incorporated in 1981. Its registered office is in Liège.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0421.755.307
Incorporation
19/08/1981
Legal form
Public limited company
Registered office
Cour des Minimes 18
4000 Liège · Wallonie
4000 Liège · Wallonie
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Signals
Solid equityPositive cashflow
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | -12,3 k € | -61.3% | -7,6 k € | -9.2% | -7 k € | -3192% | 225,5 € | +102% | -10,7 k € | +24.0% | -14,1 k € | -212% | -4,5 k € | -2560% | -170 € | +97.8% | -7,7 k € | -135% | 21,9 k € | +150% | -44,2 k € | +61.3% | -114,2 k € | -196% | 118,6 k € | -85.4% | 813,6 k € | +3290% | 24 k € | +3.1% | 23,3 k € | +6.6% | 21,8 k € | +19.9% | 18,2 k € | -89.4% | 171,9 k € | +334% | 39,6 k € |
| EBITDA | -15,8 k € | +20.8% | -20 k € | -93.6% | -10,3 k € | -293% | -2,6 k € | +81.2% | -14 k € | +17.3% | -16,9 k € | -125% | -7,5 k € | -141% | -3,1 k € | +70.6% | -10,6 k € | -155% | 19,1 k € | +131% | -61,8 k € | +50.4% | -124,6 k € | -448% | 35,8 k € | -95.4% | 783,7 k € | +12717% | -6,2 k € | -586% | 1,3 k € | -90.6% | 13,6 k € | +22.1% | 11,2 k € | -93.1% | 161,5 k € | +604% | 23 k € |
| Operating result | -81,2 k € | +6.1% | -86,4 k € | -14.4% | -75,6 k € | -11.5% | -67,8 k € | +13.7% | -78,5 k € | +3.6% | -81,5 k € | -12.7% | -72,3 k € | -6.5% | -67,9 k € | +28.0% | -94,3 k € | -107% | -45,6 k € | +68.6% | -145,5 k € | -3.6% | -140,5 k € | -809% | 19,8 k € | -97.4% | 767,6 k € | +3554% | -22,2 k € | -50.8% | -14,7 k € | -517% | -2,4 k € | +50.8% | -4,9 k € | -103% | 145,5 k € | +1995% | 6,9 k € |
| Net result | -54,5 k € | +8.5% | -59,5 k € | -44.3% | -41,3 k € | -0.9% | -40,9 k € | -324% | -9,7 k € | +85.3% | -65,5 k € | -16.6% | -56,2 k € | -119% | -25,7 k € | +73.4% | -96,5 k € | -138% | -40,6 k € | -93.2% | -21 k € | -102% | 1,2 M € | +3077% | 37,6 k € | -95.3% | 801 k € | +9.3% | 732,8 k € | +170% | 271,2 k € | +116% | 125,3 k € | -32.5% | 185,7 k € | +50.8% | 123,1 k € | +2362% | 5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 1,9 M € | -2.9% | 1,9 M € | -3.0% | 2 M € | -2.1% | 2 M € | -2.0% | 2,1 M € | -0.5% | 2,1 M € | -3.1% | 2,1 M € | -2.6% | 2,2 M € | -1.2% | 2,2 M € | -4.2% | 2,3 M € | -1.7% | 2,3 M € | -30.3% | 3,4 M € | +24.1% | 2,7 M € | +1.4% | 2,7 M € | +42.7% | 1,9 M € | +64.2% | 1,1 M € | +31.1% | 871,1 k € | +16.8% | 745,8 k € | +33.1% | 560,1 k € | +28.2% | 437,1 k € |
| Total assets | 2,6 M € | -3.1% | 2,7 M € | -3.4% | 2,8 M € | -2.2% | 2,8 M € | -2.1% | 2,9 M € | -1.0% | 2,9 M € | -3.5% | 3 M € | -3.1% | 3,1 M € | -3.0% | 3,2 M € | -4.2% | 3,3 M € | -7.1% | 3,6 M € | -20.5% | 4,5 M € | +66.6% | 2,7 M € | +0.5% | 2,7 M € | +37.7% | 2 M € | +38.2% | 1,4 M € | -1.3% | 1,4 M € | -19.8% | 1,8 M € | -1.1% | 1,8 M € | -1.2% | 1,8 M € |
| Cash | 283,8 k € | -3.2% | 293,1 k € | -2.8% | 301,5 k € | -7.7% | 326,8 k € | +18.8% | 275 k € | -7.9% | 298,4 k € | -11.5% | 337,3 k € | -9.7% | 373,5 k € | -7.4% | 403,1 k € | -12.4% | 460,2 k € | -28.2% | 641,2 k € | +218854% | 292,8 € | -99.4% | 45,5 k € | -84.0% | 283,6 k € | +70094% | 404 € | -87.8% | 3,3 k € | -47.1% | 6,2 k € | +81.0% | 3,4 k € | -46.3% | 6,4 k € | -49.8% | 12,8 k € |
| Debts | 363,2 k € | -3.0% | 374,4 k € | -4.7% | 392,9 k € | -1.1% | 397,2 k € | -1.2% | 401,8 k € | -0.8% | 405,2 k € | -5.8% | 430,1 k € | -1.7% | 437,4 k € | -7.4% | 472,5 k € | -8.8% | 518,2 k € | -29.6% | 735,7 k € | +35.0% | 544,9 k € | +9146% | 5,9 k € | -79.5% | 28,8 k € | -63.0% | 77,7 k € | -72.1% | 279,1 k € | -51.0% | 569,2 k € | -45.8% | 1 M € | -16.3% | 1,3 M € | -10.2% | 1,4 M € |
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 10 ended
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged 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 | 05/06/2026 | 30/07/2025 | 19/12/2024 | 31/07/2023 | 30/08/2022 | 30/08/2021 |
| General meeting | 21/05/2026 | 24/07/2025 | 30/08/2024 | 31/07/2023 | 02/08/2022 | 27/08/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 21/05/2026 | 05/06/2026 | French | |
| Abridged model | 31/12/2024 | 24/07/2025 | 30/07/2025 | French | |
| Abridged model | 31/12/2023 | 30/08/2024 | 19/12/2024 | French | |
| Abridged model | 31/12/2022 | 31/07/2023 | 31/07/2023 | French | |
| Abridged model | 31/12/2021 | 02/08/2022 | 30/08/2022 | French | |
| Abridged model | 31/12/2020 | 27/08/2021 | 30/08/2021 | French | |
| Abridged model | 31/12/2019 | 28/10/2020 | 30/10/2020 | French | |
| Micro model | 31/12/2018 | 08/07/2019 | 11/07/2019 | French | |
| Abridged model | 31/12/2017 | 27/07/2018 | 30/07/2018 | French | |
| Abridged model | 31/12/2016 | 21/08/2017 | 30/08/2017 | French | |
| Abridged model | 31/12/2015 | 29/09/2016 | 30/09/2016 | French | |
| Abridged modelCorrection | 31/12/2014 | 20/06/2015 | 30/09/2016 | French | |
| Abridged model | 31/12/2014 | 20/06/2015 | 13/10/2015 | French | |
| Abridged model | 31/12/2013 | 20/06/2014 | 08/10/2014 | French | |
| Abridged model | 31/12/2012 | 29/06/2013 | 14/08/2013 | French | |
| Abridged model | 31/12/2011 | 30/06/2012 | 05/08/2012 | French | |
| Abridged model | 31/12/2010 | 30/06/2011 | 05/08/2011 | French | |
| Abridged model | 31/12/2009 | 30/06/2010 | 06/08/2010 | French | |
| Abridged model | 31/12/2008 | 25/06/2009 | 07/09/2009 | French | |
| Abridged model | 31/12/2007 | 25/06/2008 | 16/07/2008 | French | |
| Abridged model | 31/12/2006 | 28/06/2007 | 03/08/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 1 M€ and 2,5 M€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 10 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates07/02/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - DEMISSIONS, NOMINATIONS
- Mandates23/07/2019DEMISSIONS, NOMINATIONS
- Registered office12/12/2016SIEGE SOCIAL
- Mandates25/09/2015DEMISSIONS, NOMINATIONS
- Capital / shares14/01/2014CAPITAL, ACTIONS
- Mandates05/10/2012DEMISSIONS, NOMINATIONS
- Registered office15/07/2008SIEGE SOCIAL
- Mandates29/12/2006CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-54,5 k €↑
- 2024Annual accounts 2024-59,5 k €↓
- 2023Annual accounts 2023-41,3 k €↓
- 2022Annual accounts 2022-40,9 k €↓
- 2021Annual accounts 2021-9,7 k €↑
- 2020Annual accounts 2020-65,5 k €↓
- 2019Annual accounts 2019-56,2 k €↓
- 2018Annual accounts 2018-25,7 k €↑
- 2017Annual accounts 2017-96,5 k €↓
- 2016Annual accounts 2016-40,6 k €↓
- 2015Annual accounts 2015-21 k €↓
- 2014Annual accounts 20141,2 M €↑
- 2013Annual accounts 201337,6 k €↓
- 2012Annual accounts 2012801 k €↑
- 2011Annual accounts 2011732,8 k €↑
- 2010Annual accounts 2010271,2 k €↑
- 2009Annual accounts 2009125,3 k €↓
- 2008Annual accounts 2008185,7 k €↑
- 2007Annual accounts 2007123,1 k €↑
- 2006Annual accounts 20065 k €
- 19/08/1981IncorporationPublic limited company