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6 AM

Active
Public limited companyfounded 20224 yrs activeEsplanade Oscar Van de Voorde 1, 9000 Gent, BelgiumKBO/BCE: BE 0790.474.972
Summary

The annual accounts of 6 AM for fiscal year 2025 show a net loss of 65% of the equity at the start of that year. The 2025 annual accounts show equity of €54,034 and a net result of -€100,207. Equity is shrinking by ~32.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 27% of 270 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-30
Solvency37=
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.64 against 0.94 in 2024; short-term debt: 87.9% and cash: 55.6% of total assets), and 88.2% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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
11.8%
Return on assets
-21.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
5 d late
2024
20 d late
2023
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed 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 20 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 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

6 AM was incorporated on 6 September 2022 as a Public limited company.1 Total assets fell from EUR 864,918 in 2023 to EUR 457,957 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 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
-€100,207
2024 · €256
Working capital
-€145,312▼ 133%
2024 · -€62,364
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€96,379-€37,333▼ 61.3%-€79,876
Net result€53,985within the sector's middle half-€256within the sector's middle half▼ 99.5%-€100,207below the sector's middle half
Equity€153,985below the sector's middle half-€154,241within the sector's middle half▲ 0.2%€54,034below the sector's middle half▼ 65.0%
Total assets€864,918below the sector's middle half-€1.3mwithin the sector's middle half▲ 44.9%€457,957below the sector's middle half▼ 63.5%
Debt€710,934-€1.1m▲ 54.5%€403,923▼ 63.2%
Working capital€138,975within the sector's middle half--€62,364within the sector's middle half-€145,312within the sector's middle half▼ 133%
Solvency17.8%within the sector's middle half-12.3%below the sector's middle half▼ 5.5pp11.8%within the sector's middle half▼ 0.5pp
Current ratio1.20within the sector's middle half-0.94within the sector's middle half▼ 0.260.64below the sector's middle half▼ 0.30
Return on assets (ROA)6.2%within the sector's middle half-0.0%within the sector's middle half▼ 6.2pp-21.9%below the sector's middle half▼ 21.9pp
Staff (FTE)1within the sector's middle half-1within the sector's middle half=0below the sector's middle half▼ 100%
above within below the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0€50,000€100,000Operating result 2023: €96,379€96,379Net result 2023: €53,985€53,985Operating result 2024: €37,333€37,333Net result 2024: €256€256Operating result 2025: -€79,876-€79,876Net result 2025: -€100,207-€100,207202320242025-€150,000-€100,000-€50,000€0€50,000€100,000Operating result 2023: €96,379€96,400Net result 2023: €53,985€54,000Operating result 2024: €37,333€37,300Net result 2024: €256€256Operating result 2025: -€79,876-€79,900Net result 2025: -€100,207-€100,000202320242025
The operating result turns negative in 2025: a loss of €79,876 after €37,333 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €457,957
Fixed assets €200,916 ▼ 11.7%
Current assets €257,041 ▼ 74.9%
Equity and liabilities €457,957
Equity €54,034 ▼ 65.0%
Debt €403,923 ▼ 63.2%
Debt's share of the balance-sheet total rises from 87.7% to 88.2%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€53,286▼
2024 · €49,703
Cash flow
-€73,616▼
2024 · €12,627
Debt to equity
7.48▲
2024 · 7.12
ROE
-185.5%▼
2024 · 0.2%
Interest coverage
-2.62▼
2024 · 1.38
Debt ≤ 1 year
€402,353▼
2024 · €1.1m
Debt > 1 year
€1,570▼
2024 · €10,763
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 688 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 89% are still going.

  • Small
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
  • without age
5.2% went bankrupt
4.4% stopped otherwise
89% still going

A further 1.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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 688 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 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.3m€457,957▼
Fixed assets21/28€227,506€200,916▼
Tangible fixed assets22/27€227,446€200,856▼
Plant, machinery and equipment23€198,930€182,591▼
Furniture and vehicles24€5,426€2,660▼
Leasing and similar rights25€23,090€15,605▼
Financial fixed assets28€60€60=
Current assets29/58€1.0m€257,041▼
Amounts receivable within one year40/41€846,186€2,420▼
Trade receivables40€808,925€2,420▼
Other amounts receivable41€37,260-
Cash at bank and in hand54/58€179,289€254,621▲
Equity and liabilities
Total equity and liabilities10/49€1.3m€457,957▼
Equity10/15€154,241€54,034▼
Contributions10/11€100,000€100,000=
Capital10€100,000€100,000=
Issued capital100€100,000€100,000=
Reserves13€10,000€10,000=
Non-distributable reserves130/1€10,000€10,000=
Legal reserve130€10,000€10,000=
Profit (loss) carried forward14€44,241-€55,966▼
Amounts payable17/49€1.1m€403,923▼
Amounts payable after more than one year17€10,763€1,570▼
Financial debts170/4€10,763€1,570▼
Amounts payable within one year42/48€1.1m€402,353▼
Current portion of amounts payable after more than one year42€8,813€9,193▲
Trade debts44€53,878€14,191▼
Suppliers440/4€53,878€14,191▼
Taxes, remuneration and social security45€21,642€9,776▼
Taxes450/3€21,642€9,776▼
Other amounts payable47/48€1.0m€369,192▼
Accrued charges and deferred income492/3€138-
Income statement Code20242025
Remuneration, social security and pensions62€75,099-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,371€26,590▲
Other operating charges640/8€1,028€1,069▲
Gross operating margin9900€125,830-€52,216▼
Operating profit (loss)9901€37,333-€79,876▼
Financial charges65/66B€36,047€20,331▼
Recurring financial charges65€36,047€20,331▼
Profit (loss) for the period before taxes9903€1,286-€100,207▼
Income taxes67/77€1,029-
Profit (loss) for the period9904€256-€100,207▼
Profit (loss) for the period to be appropriated9905€256-€100,207▼
Appropriation of the result
Profit (loss) to be appropriated9906€44,241-€55,966▼
Profit (loss) brought forward from the previous period14P€43,985€44,241▲
Social balance
Average headcount (FTE)90871.00.0▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62€116,734€75,099--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,945€12,371€26,590▲ 115%
Other operating charges640/8€987€1,028€1,069▲ 4.1%
Gross operating margin9900€222,045€125,830-€52,216▼ 141%
Operating profit (loss)9901€96,379€37,333-€79,876▼ 314%
Financial charges65/66B€21,781€36,047€20,331▼ 43.6%
Recurring financial charges65€21,781€36,047€20,331▼ 43.6%
Profit (loss) for the period before taxes9903€74,598€1,286-€100,207▼ 7,895%
Income taxes67/77€20,613€1,029--
Profit (loss) for the period9904€53,985€256-€100,207▼ 39,236%
Profit (loss) for the period to be appropriated9905€53,985€256-€100,207▼ 39,236%
Line202320242025Change
Assets
Total assets20/58€864,918€1.3m€457,957▼ 63.5%
Fixed assets21/28€34,556€227,506€200,916▼ 11.7%
Tangible fixed assets22/27€34,496€227,446€200,856▼ 11.7%
Plant, machinery and equipment23-€198,930€182,591▼ 8.2%
Furniture and vehicles24€3,921€5,426€2,660▼ 51.0%
Leasing and similar rights25€30,575€23,090€15,605▼ 32.4%
Financial fixed assets28€60€60€60=
Current assets29/58€830,362€1.0m€257,041▼ 74.9%
Amounts receivable within one year40/41€690,497€846,186€2,420▼ 99.7%
Trade receivables40€604,197€808,925€2,420▼ 99.7%
Other amounts receivable41€86,300€37,260--
Cash at bank and in hand54/58€139,865€179,289€254,621▲ 42.0%
Equity and liabilities
Total equity and liabilities10/49€864,918€1.3m€457,957▼ 63.5%
Equity10/15€153,985€154,241€54,034▼ 65.0%
Contributions10/11€100,000€100,000€100,000=
Capital10€100,000€100,000€100,000=
Issued capital100€100,000€100,000€100,000=
Reserves13€10,000€10,000€10,000=
Non-distributable reserves130/1€10,000€10,000€10,000=
Legal reserve130€10,000€10,000€10,000=
Profit (loss) carried forward14€43,985€44,241-€55,966▼ 227%
Amounts payable17/49€710,934€1.1m€403,923▼ 63.2%
Amounts payable after more than one year17€19,546€10,763€1,570▼ 85.4%
Financial debts170/4€19,546€10,763€1,570▼ 85.4%
Amounts payable within one year42/48€691,388€1.1m€402,353▼ 63.0%
Current portion of amounts payable after more than one year42€8,478€8,813€9,193▲ 4.3%
Trade debts44€34,468€53,878€14,191▼ 73.7%
Suppliers440/4€34,468€53,878€14,191▼ 73.7%
Taxes, remuneration and social security45€29,259€21,642€9,776▼ 54.8%
Taxes450/3€20,613€21,642€9,776▼ 54.8%
Remuneration and social security454/9€8,647---
Other amounts payable47/48€619,183€1.0m€369,192▼ 63.2%
Accrued charges and deferred income492/3-€138--
Line202320242025Change
Profit (loss) for the period9904€53,985€256-€100,207▼ 39,236%
+ Depreciation and write-downs630€7,945€12,371€26,590▲ 115%
Operating cash flow (approximation)€61,930€12,627-€73,616▼ 683%
Investment in fixed assets (approximation)--€205,321€0▲ 100%
Change in cash-€39,424€75,332▲ 91.1%

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
14-09
State Gazette act Appointment: 9000 Estate BV (niet statutaire a bestuurder)
Permanent representatives: Guillaume De Paepe, Ignace De Paepe and Karel Gielen · Reappointments: MG RE Investment BV (class A director) and Ayers Invest BV (class A director) · Power of attorney8 facts ▸
  • General meeting, 03-09-2026
  • Director appointment, 9000 Estate BV (niet statutaire a bestuurder)
  • Permanent representative, Guillaume De Paepe (permanent representative)
  • Director reappointment, MG RE Investment BV (class A director)
  • Permanent representative, Ignace De Paepe (permanent representative)
  • Director reappointment, Ayers Invest BV (class A director)
  • Permanent representative, Karel Gielen (permanent representative)
  • Power of attorney, Christophe Blindeman
05-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 5 days late
2025
31-12
Financial Weakest financial yearnet -€100,207
Net result drops to -€100,207, the lowest in the series.
20-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
31-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts

Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
under verification, last change in 2026
This board is reconstructed from a single act (26361453). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Board 3

Ayers Invest BV
Class A director · since 01-09-2025 · Legal entity · perm. rep.: Karel Gielen
Current
MG RE Investment BV
Class A director · since 01-09-2025 · Legal entity · perm. rep.: Ignace De Paepe
Current
9000 Estate BV
Niet statutaire a bestuurder · since 03-09-2026 · Legal entity · perm. rep.: Guillaume De Paepe
Current

Permanent representatives 3

Ignace De Paepe
Permanent representative · since 01-09-2025 · for MG RE Investment BV
Current
Karel Gielen
Permanent representative · since 01-09-2025 · for Ayers Invest BV
Current
Guillaume De Paepe
Permanent representative · since 03-09-2026 · for 9000 Estate BV
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1,701 m²
Building footprint
822 m²
Volume, LiDAR
526 m³
Parcel 44809I0649/52A002, Flanders · tallest building 4.8 m. Linked by address, not a title deed.
96 companies at this address See who is registered here
1 establishment unit
6 AM
Esplanade Oscar Van de Voorde 1, 9000 GentProduction of electricity from non-renewable sources
since 20222.338.195.490
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44809I0649/52A002 Flanders 1,701 m² 1 · 822 m² 4.8 m
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

3 people since 2025, 3 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Ayers Invest BV
  • Class A director, already before 01-09-2025 to date
MG RE Investment BV
  • Class A director, already before 01-09-2025 to date
9000 Estate BV
  • Niet statutaire a bestuurder, from 03-09-2026 to date
See the board, name and seat on a given date →

Structure & network

Owners and holdings

1 owner

Chain of control

  1. MG INVESTMENT 80%
  2. 6 AM

Highest known parent: MG INVESTMENT. The sources do not say who stands above it.

Owners 1

Holdings 0

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

According to the 2025 annual accounts of 6 AM 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

3 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Similar companies · same sector, comparable size

Of 814 companies in sector 35110 we hold annual accounts for 632. 249 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded06-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
E-invoicing
Reachable via Peppol
Peppol ID 0208:0790474972
Registered 25-08-2025

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

Register as of 29 September 2026 · Peppol Directory

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