Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ACHILLES ASSOCIATES from Mechelen, company number BE0871895485, closed financial year 2025 with a result of € -25,685 after tax. For that financial year ACHILLES ASSOCIATES recorded a gross margin of € 36,734 and equity of € 274,807. Compared with financial year 2024, the result moved from € -36,210 to € -25,685. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 16, 2026.
€ 274,807
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -25,685
▲ 29 % less loss than in 2024
Profit after tax over the fiscal year.
€ 25,562
▼ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 268,607.
People and assets in 2025
€ 4,047
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 172,238
▼ 28% vs 2024
€ 48,505 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 3,520
▲ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 30,284 | € 21,453 | € 27,299 | € 36,734 | ▲ 35% |
| Profit after taxes | € -31,541 | € -37,530 | € -36,210 | € -25,685 | ▲ € 10,525 |
| Equity | € 374,232 | € 336,702 | € 300,492 | € 274,807 | ▼ 9% |
| Total debts | € 434,081 | € 358,052 | € 335,049 | € 270,243 | ▼ 19% |
| Cash | € 138,886 | € 78,234 | € 71,514 | € 25,562 | ▼ 64% |
| Land & buildings | € 645,136 | € 599,461 | € 551,635 | € 502,351 | ▼ 9% |
| Retained profit | € 368,032 | € 330,502 | € 294,292 | € 268,607 | ▼ 9% |
| Dividend | € 266,861 | € 0 | € 0 | € 0 | |
| Bank debt | € 392,322 | € 315,477 | € 239,200 | € 172,238 | ▼ 28% |
| Balance sheet total | € 808,314 | € 694,755 | € 635,541 | € 545,049 | ▼ 14% |
Key figures of ACHILLES ASSOCIATES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to ACHILLES ASSOCIATES?
What happened at ACHILLES ASSOCIATES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 25,685. filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Mechelen. KBO
- Jürgen Oskamp became a director. NBB
- Koenraad Elsen became a director. NBB
In short
From € 31,541 loss in 2022 to € 25,685 loss in 2025.
Paid € 990 in corporate taxes since 2022.
Paid out € 266,861 in dividends to the owners in total.
Management
Behind ACHILLES ASSOCIATES are Jürgen Oskamp and Koenraad Elsen. The same people are also behind Achilles Design and Achilles Ventures. Jürgen Oskamp is also behind QUANTUM DESIGN. Koenraad Elsen is also behind APD PRODUCTS.
Directors
According to the 2025 annual accounts
since 2005
since 2005
Establishments
Establishment units
Physical locations of this company
Borchtstraat 30
2800 Mechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Dokter Herman Colpin
€ -13,095 gross margin · 2026
CODES
€ 133,703 gross margin · 2026
GIVET
€ 21,813 gross margin · 2025
AEROPLANE
€ -9,336 gross margin · 2025
Superellipse same network
€ 4.9 million revenue · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0871.895.485
- VAT number
- BE 0871.895.485
- Registered office
- Borchtstraat 30, 2800 Mechelen
- Names & denominations
- ACHILLES ASSOCIATES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 February 2005
- Peppol
- Active · Active since 1 Jan 2001