Equity
-€57,081
Debts exceed assets in financial year 2025.
AAO
Lifetime
9 annual accounts with figures on one time axispeak €215,451 (2019)
€10,923▼ 85.1%
lowest -€196,539 (2018)
€5,086▼ 92.4%
peak €14,374 (2017)
-€57,081▲ €5,086
€65,384▼ 16.7%
peak 2.3 FTE (2018)
-not published
Board1 name since 2021
1 directorBOUCKAERT Frederic
Documentsfilings and deeds
08-06-202653 days before the deadline
2025micro format
Gross margin from €73,424 to €10,923Result from €66,626 to €5,086Debts from €78,458 to €65,384Cash from €352 to €58
Key points
from the 2025 annual accountsResult
€5,086 ▼ 92.4%
The result fell in 2025 from €66,626 to €5,086.
Turnover
≈ €51,000 estimated
The micro format states no turnover.
Debts
€65,384 787% of the balance sheet
Suppliers 35%Taxes and wages 9%Other 57%
Filings
9 annual accounts 2 late
The 2022 accounts came latest: 31 days after the end of the period.
Position in the sector
-687.4%
Lower solvency than 95% of companies in head offices and management consultancy. Sector median 55.5% · 39,360 companies.
Checked score
54
Fair
Financially stronger than 30% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.4%
01-2025: 3.4%● unchanged vs 12-2024
02-2025: 3.5%▲ +0.1 percentage points vs 01-2025
03-2025: 3.7%▲ +0.2 percentage points vs 02-2025highest value
04-2025: 1.2%▼ -2.5 percentage points vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.1%▼ -0.1 percentage points vs 05-2025
07-2025: 1.2%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▼ -0.2 percentage points vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.1%▲ +0.1 percentage points vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.0%▼ -0.1 percentage points vs 05-2026
07-2026: 0.9%▼ -0.1 percentage points vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026lowest value
11-2026: 0.9%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Judicial reorganisation on record (2 publications, latest 16-01-2020)
Negative equity -€57,081
lowers risk
Size: total assets €8,304
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 3% of them on solvency, 2% on liquidity, 61% on profitability and 55% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,632 companies had the same profile as AAO has now. Each dot stands for 10 companies, two years later.
91.9%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AAO itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,632 companies, not a prediction for AAO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.03 (0.09 in 2024), below 1. Short-term debt is 787.4% and cash 0.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 39360 sector peers (2025).
NBB · sector comparisonPosition among 39360 sector peers
Solvency
better than 5%
← weakest
strongest →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
53 days early
2024
8 days early
2023
30 days late
2022
31 days late
2021
6 days early
2020
15 days early
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (4 of the last 5 accounts filed within 37 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0662649164
New director
BOUCKAERT Frederic appointed, BOUCKAERT Frederic resigned · Director discharge: BOUCKAERT Frederic · Gazette deed
Registered office moved from Gavere to Eke
New registered office: Albert Claeysstraat 3 te 9810 Eke · Previous registered office: Burchtweg 7-9890 Gavere · General meeting of 10-01-2023 · Gazette deed
Plan homologation
Enterprise Court of Ghent · judgment of 05-11-2019 · Judicial reorganisation
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AAO Nazareth-De Pinte | €8,304 | €10,923 | -687.4% | - |
| FIVE P Watermael-Boitsfort | €7,982 | €12,962 | -111.6% | - |
| NewPerspectives Belgium Namur | €8,943 | €9,263 | -215.4% | - |
| HANZIBAR Lievegem | €10,159 | €7,881 | -482.2% | - |
| CONGRUENCE CONSULTING Woluwe-Saint-Pierre | €7,599 | €8,583 | 90.6% | - |
| NMConsult Namur | €7,858 | €12,564 | -815.5% | - |
| Financial Regulation Data Consulting Gembloux | €12,831 | €9,992 | -14.2% | - |
These companies have the same main activity as AAO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €7,600 and €12,800, founded between 2014 and 2018.
Official details
Source: KBO- Status
- Active since 14-09-2016Normal situation
- Activity
- Business and other management consultancyNACE 70200and 4 others
- Establishment unit
- 2.278.727.7609810 Nazareth-De Pinte, since 01-09-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €8,304▼ 49.0%
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Insights on AAO
AAO files the micro format. That format states no turnover. The gross margin fell from €73,941 in 2017 to €10,923 in 2025.
The balance sheet grew most in 2018 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AAO
- What is the company number of AAO?
- The company number of AAO is 0662.649.164. The VAT number is the same number with BE in front: BE 0662.649.164.
- Where is AAO based?
- The registered office is at Albert Claeysstraat 3, 9810 Nazareth-De Pinte.Company details
- What does AAO do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of AAO?
- AAO is a private limited company (BV).
- When was AAO founded?
- AAO was founded on 14-09-2016.
- Is AAO still active?
- Yes, AAO is an active enterprise in the KBO register.
- How many employees does AAO have?
- AAO had an average of 2.1 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of AAO?
- The turnover in financial year 2025 is ≈ €51,000. This figure is estimated from the gross margin of €10,923 and 205 comparable companies (NACE 70200). It probably lies between €25,000 and €100,000. It is a rough estimate.
- Is AAO profitable?
- In financial year 2025, AAO made a profit of €5,086.
- Where can I find the annual accounts of AAO?
- AAO filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AAO due?
- AAO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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