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23AH

Active
Private limited company (pre-2019)founded 200719 yrs activeHamoirlaan 23A, 1180 Ukkel, BelgiumKBO/BCE: BE 0891.985.670
Summary

The computed 12-month bankruptcy probability of 23AH is 1.9% (moderate). The 2025 annual accounts show negative equity (-€928,064) and a net result of -€245,377. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability21▲+1
Solvency18▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 5.7 against 12.61 in 2024; short-term debt: 0.4% and cash: 0% of total assets), but equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-6.9%
Return on assets
-1.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€928,064
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 06-06-2026, 55 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
55 d early
2024
76 d early
2023
on the day
2022
68 d early
2021
26 d early
2020
31 d early
2019
42 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 43 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 6 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

23AH was incorporated on 11 September 2007.1 Total assets went from EUR 13 million in 2018 to EUR 13 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€245,377▲ 19.9%
2024 · -€306,167
Working capital
€256,843▼ 37.0%
2024 · €407,999
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€95,366▲ 17.9%€93,027▼ 2.5%€73,192▼ 21.3%€59,042▼ 19.3%€83,285▲ 41.1%
Net result€13,145€11,513▼ 12.4%-€165,385-€306,167▼ 85.1%-€245,377▲ 19.9%
Equity-€222,648▲ 5.6%-€211,135▲ 5.2%-€376,520▼ 78.3%-€682,687▼ 81.3%-€928,064▼ 35.9%
Total assets€13.6m▲ 5.0%€13.6m▼ 0.4%€13.8m▲ 1.3%€13.6m▼ 1.3%€13.4m▼ 1.6%
Debt€13.9m▲ 4.8%€13.8m▼ 0.5%€14.1m▲ 2.4%€14.3m▲ 0.9%€14.3m▲ 0.2%
Working capital€225,197▲ 3,778%-€7.8m€467,723€407,999▼ 12.8%€256,843▼ 37.0%
Result per fiscal year
Operating resultNet result
-€400,000-€200,000€0Operating result 2021: €95,366€95,366Net result 2021: €13,145€13,145Operating result 2022: €93,027€93,027Net result 2022: €11,513€11,513Operating result 2023: €73,192€73,192Net result 2023: -€165,385-€165,385Operating result 2024: €59,042€59,042Net result 2024: -€306,167-€306,167Operating result 2025: €83,285€83,285Net result 2025: -€245,377-€245,37720212022202320242025-€400,000-€300,000-€200,000-€100,000€0€100,000Operating result 2023: €73,192€73,200Net result 2023: -€165,385-€165,000Operating result 2024: €59,042€59,000Net result 2024: -€306,167-€306,000Operating result 2025: €83,285€83,300Net result 2025: -€245,377-€245,000202320242025
The operating result recovers in 2025; 2025 is 41% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.4m
Fixed assets €13.1m ▼ 0.6%
Current assets €311,435 ▼ 29.7%
Equity and liabilities
Equity-€928,064
Debt€14.3m
Equity is negative: debt (€14.3m) exceeds the balance-sheet total (€13.4m).
Key figures and ratios
2025 value · change against 2024
EBITDA
€178,681▲
2024 · €176,914
Cash flow
-€149,982▲
2024 · -€188,295
Solvency
-6.9%▼
2024 · -5.0%
Current ratio
5.70▼
2024 · 12.61
ROA
-1.8%▲
2024 · -2.3%
Interest coverage
0.54▲
2024 · 0.48
Debt ≤ 1 year
€54,592▲
2024 · €35,147
Debt > 1 year
€14.2m▲
2024 · €14.2m
Income taxes
€0▼
2024 · €152
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 129 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Medium-sized
  • 10 to 20 years old
  • negative equity
  • a small loss
1.6% went bankrupt
2.3% stopped otherwise
95% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 129 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€13.6m€13.4m▼
Fixed assets21/28€13.1m€13.1m▼
Tangible fixed assets22/27€12.0m€11.9m▼
Land and buildings22€12.0m€11.9m▼
Other tangible fixed assets26€9,910€9,910=
Financial fixed assets28€1.2m€1.2m=
Current assets29/58€443,146€311,435▼
Amounts receivable within one year40/41€46,771€24,708▼
Trade receivables40€46,771€24,708▼
Cash at bank and in hand54/58€42,048€39▼
Deferred charges and accrued income490/1€354,327€286,688▼
Equity and liabilities
Total equity and liabilities10/49€13.6m€13.4m▼
Equity10/15-€682,687-€928,064▼
Contributions10/11€1.6m€1.6m=
Revaluation surpluses12€1.5m€1.5m=
Profit (loss) carried forward14-€3.8m-€4.0m▼
Amounts payable17/49€14.3m€14.3m▲
Amounts payable after more than one year17€14.2m€14.2m▲
Financial debts170/4€8.5m€8.5m=
Other amounts payable178/9€5.8m€5.8m▲
Amounts payable within one year42/48€35,147€54,592▲
Financial debts43-€1,184
Credit institutions430/8-€1,184
Trade debts44€35,147€46,895▲
Suppliers440/4€35,147€46,895▲
Other amounts payable47/48-€6,513
Accrued charges and deferred income492/3-€4
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€117,872€95,395▼
Other operating charges640/8€21,660€22,572▲
Gross operating margin9900€198,574€201,253▲
Operating profit (loss)9901€59,042€83,285▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€365,057€328,663▼
Recurring financial charges65€365,057€328,663▼
Profit (loss) for the period before taxes9903-€306,015-€245,377▲
Income taxes67/77€152€0▼
Profit (loss) for the period9904-€306,167-€245,377▲
Profit (loss) for the period to be appropriated9905-€306,167-€245,377▲
Appropriation of the result
Profit (loss) to be appropriated9906-€3.8m-€4.0m▼
Profit (loss) brought forward from the previous period14P-€3.5m-€3.8m▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110,333€115,846€116,628€117,872€95,395▼ 19.1%
Other operating charges640/8€18,616€19,092€20,829€21,660€22,572▲ 4.2%
Gross operating margin9900€224,315€227,965€210,649€198,574€201,253▲ 1.3%
Operating profit (loss)9901€95,366€93,027€73,192€59,042€83,285▲ 41.1%
Financial income75/76B--€505€0€0▼ 45.2%
Recurring financial income75--€505€0€0▼ 45.2%
Financial charges65/66B€82,220€81,515€239,082€365,057€328,663▼ 10.0%
Recurring financial charges65€82,220€81,515€239,082€365,057€328,663▼ 10.0%
Profit (loss) for the period before taxes9903€13,145€11,513-€165,385-€306,015-€245,377▲ 19.8%
Income taxes67/77---€152€0▼ 100.0%
Profit (loss) for the period9904€13,145€11,513-€165,385-€306,167-€245,377▲ 19.9%
Profit (loss) for the period to be appropriated9905€13,145€11,513-€165,385-€306,167-€245,377▲ 19.9%
Line20212022202320242025Change
Assets
Total assets20/58€13.6m€13.6m€13.8m€13.6m€13.4m▼ 1.6%
Fixed assets21/28€13.4m€13.3m€13.3m€13.1m€13.1m▼ 0.6%
Tangible fixed assets22/27€12.2m€12.2m€12.1m€12.0m€11.9m▼ 0.7%
Land and buildings22€12.2m€12.2m€12.1m€12.0m€11.9m▼ 0.7%
Other tangible fixed assets26€9,910€9,910€9,910€9,910€9,910=
Financial fixed assets28€1.2m€1.2m€1.2m€1.2m€1.2m=
Current assets29/58€251,127€250,789€507,696€443,146€311,435▼ 29.7%
Amounts receivable within one year40/41€24,556€16,796€32,896€46,771€24,708▼ 47.2%
Trade receivables40€15,032€16,796€32,744€46,771€24,708▼ 47.2%
Other amounts receivable41€9,524-€152---
Cash at bank and in hand54/58€220,211€228,006€27,821€42,048€39▼ 99.9%
Deferred charges and accrued income490/1€6,360€5,987€446,979€354,327€286,688▼ 19.1%
Equity and liabilities
Total equity and liabilities10/49€13.6m€13.6m€13.8m€13.6m€13.4m▼ 1.6%
Equity10/15-€222,648-€211,135-€376,520-€682,687-€928,064▼ 35.9%
Contributions10/11€1.6m€1.6m€1.6m€1.6m€1.6m=
Revaluation surpluses12€1.5m€1.5m€1.5m€1.5m€1.5m=
Profit (loss) carried forward14-€3.3m-€3.3m-€3.5m-€3.8m-€4.0m▼ 6.5%
Amounts payable17/49€13.9m€13.8m€14.1m€14.3m€14.3m▲ 0.2%
Amounts payable after more than one year17€13.8m€5.7m€14.1m€14.2m€14.2m▲ 0.1%
Financial debts170/4€8.0m-€8.5m€8.5m€8.5m=
Other amounts payable178/9€5.8m€5.7m€5.6m€5.8m€5.8m▲ 0.2%
Amounts payable within one year42/48€25,929€8.0m€39,973€35,147€54,592▲ 55.3%
Current portion of amounts payable after more than one year42-€8.0m----
Financial debts43----€1,184-
Credit institutions430/8----€1,184-
Trade debts44€25,929€32,799€39,973€35,147€46,895▲ 33.4%
Suppliers440/4€25,929€32,799€39,973€35,147€46,895▲ 33.4%
Other amounts payable47/48----€6,513-
Accrued charges and deferred income492/3€54,444€54,444€26,005-€4-
Line20212022202320242025Change
Profit (loss) for the period9904€13,145€11,513-€165,385-€306,167-€245,377▲ 19.9%
+ Depreciation and write-downs630€110,333€115,846€116,628€117,872€95,395▼ 19.1%
Operating cash flow (approximation)€123,479€127,359-€48,757-€188,295-€149,982▲ 20.3%
Investment in fixed assets (approximation)--€61,078-€31,845-€9,317-€11,803▼ 26.7%
Change in cash-€7,795-€200,185€14,227-€42,010▼ 395%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
06-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
16-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Weakest financial yearnet -€306,167
Net result drops to -€306,167, the lowest in the series; recovery starts the following year.
31-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Liquidity times 407current ratio 12.70
Current ratio from 0.03 to 12.70; short-term debt falls from €8.0m to €39,973.
24-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
05-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Back to profitnet €13,145
Net result €13,145 after one loss-making year.
31-12
Financial Liquidity times 8current ratio 9.69
Current ratio from 1.19 to 9.69; short-term debt falls from €29,975 to €25,929.
30-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Liquidity times 65current ratio 1.19
Current ratio from 0.02 to 1.19; short-term debt falls from €2.0m to €29,975.
19-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial Highest result since 2018net €126,208 ▲1,432%
Operating result €193,606, net result €126,208, both a record.
17-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2007
seat establishment The establishment unit on the map
Ground area
4,250 m²
Building footprint
1,055 m²
Volume, LiDAR
4,900 m³
2 parcels, Brussels · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
23AH
Hamoirlaan 23 A, 1180 UkkelNACE 70111
since 20072.165.920.126
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21612C0294/00G019 Brussels 2,790 m² 1 · 908 m² 9.1 m · 2 fl.
21612C0294/00D016 Brussels 1,460 m² 1 · 147 m² 13.9 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

2 holdings

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 2

According to the 2025 annual accounts of 23AH and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Company details

Identification
Legal formPrivate limited company (pre-2019)
Founded11-09-2007
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0891985670
Also 9925:BE0891985670
Registered 09-02-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.