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A+

Active Private limited companyfounded 2014active for 12 yearsMazestraat 18B, 9030 GhentKBO/BCE: BE 0505.975.853

Overview

Lifetime

6 annual accounts with figures on one time axis
peak €276,576 (2023)
€107,824▼ 39.7%
lowest -€7,518 (2022)
€72,620▼ 46.8%
peak €564,222 (2025)
€564,222▲ 6.1%
€16,711▼ 54.8%
Board2 names since 2019
1 director
Documentsfilings and deeds
30-01-20261 day before the deadline
2025micro format
Gross margin from €178,683 to €107,824Result from €136,521 to €72,620Dividend €40,000Debts from €36,951 to €16,711Investments €25,808Cash from €5,498 to €100,329

Key points

from the 2025 annual accounts

Equity

€564,222 ▲ 6.1%
531,6022024+72,620Profit-40,000Dividend564,2222025

A+ paid out €40,000 in dividends. That is 55% of the 2025 profit.

Result

€72,620 ▼ 46.8%
€137,0002024€72,6002025

The result fell in 2025 from €136,521 to €72,620.

Turnover

≈ €540,000 estimated

The micro format states no turnover.

Investments

€25,808 7.5 × depreciation
20242025

Green is investment, beige is depreciation. Machinery stands 85.3% higher than in 2024.

Liquidity

6.30 was 3.12 in 2024

Short-term debts fell from €36,951 to €16,711.

Position in the sector

97.1%

Higher solvency than 95% of companies in wholesale trade. Sector median 40.4% · 13,807 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 17,811 companies had the same profile as A+ has now. Each dot stands for 45 companies, two years later.

96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
Test of the method

The method was tested on the 497,448 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.

The companies in ten equal groups, from the lowest to the 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% 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 17,811 companies, not a prediction for A+. 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

Credit check for an amount and term of your choice

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

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director
  • all the sharesdeed of 02-10-2019

Shares in 1 company,

Board & ownership

Recent changes

Registered office moved within Ghent New registered office: Mazestraat 18B, 9030 Gent · Previous registered office: Sanderswal 11; 9000 Gent · General meeting of 21-09-2026 · Gazette deed
Environmental permit granted Bouwen of herbouwen · Zedelgem
Registered in the Peppol Directory Reachable for e-invoices through 0208:0505975853
Environmental permit granted Aanleg van nieuwe verkeersweg · Zedelgem
All 18 events

Comparable companies

same main activity, similar in size and age
Company
A+ Ghent €580,933 €107,824 97.1% -
Safegarden Antwerp €678,492 €96,249 15.4% -
THE FASHION CORNER Kampenhout €852,203 €101,668 29.8% -
INA CONCEPT Antwerp €578,368 €110,838 46.6% 0.9
BRU-PACK Saint-Josse-ten-Noode €404,455 €62,592 27.1% -
GEMINI GIFT Liège €357,667 €70,336 15.3% -
Globeco Hamme (Vl.) €567,049 €62,700 56.0% -

These companies have the same main activity as A+: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €358,000 and €852,000, founded between 2013 and 2016.

Official details

Source: KBO
Status
Active since 25-09-2014Normal situation
Activity
Non-specialised wholesale tradeNACE 46900and 1 other
Establishment unit
2.238.046.2579030 Ghent, since 01-10-2014
Financial year end
30 June
Peppol
Reachable since 07-01-2026
Company details

Annual accounts to 30-06-2025

€107,824▼ 39.7%
€72,620▼ 46.8%
€564,222▲ 6.1%
€580,933▲ 2.2%
Filing
Filed on 30-01-2026, 1 day before the end of the filing period
Financials

Insights on A+

A+ files the micro format. That format states no turnover. The gross margin fell from €143,548 in 2020 to €107,824 in 2025.

The balance sheet grew most from 2023 to 2025 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 30-01-2026, 1 day before the deadline
€107,824
▼ 39.7%
€100,864
▼ 40.2%
€72,620
▼ 46.8%
€88,544
▲ 13.1%
97.1%
▲ 3.6 percentage points
6.30
▲ 3.18

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €540,000. Estimated: probably between €260,000 and €990,000.

Balance sheet

balance sheet total €580,933 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

97.1%

Higher than 95% of 13,807 companies in 2025.

6.30

Higher than 86% of 13,189 companies in 2025.

12.5%

Higher than 73% of 13,367 companies in 2025.

A+ Middle half of the sector 80% of the sector Micro accounts in wholesale trade (NACE 46)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 580,933568,553502,536289,462293,571289,224
21/28 475,678453,307271,885268,380272,183269,630
22/27 384,152361,781183,787184,880185,973184,419
22 335,454335,504182,300182,300182,300182,300
23 48,69826,2771,2461,7122,1781,578
24 --2418671,494541
28 91,52691,52688,09883,50086,21185,211
29/58 105,255115,246230,65121,08221,38719,594
40/41 4,926109,74985,5616,9979,838136
40 74221,474-1,7608,37570
41 4,18488,27585,5615,2371,46366
54/58 100,3295,498145,09014,08611,54919,458
Balance sheet: equity and liabilities
10/49 580,933568,553502,536289,462293,571289,224
10/15 564,222531,602435,082279,854287,372284,372
10/11 18,60018,60018,60018,60018,60018,600
13 545,622513,002416,482261,254268,772265,772
130/1 505050505050
1311 5050505050-
1319 -----50
133 545,572512,952416,432261,204268,722265,722
17/49 16,71136,95167,4549,6086,1984,852
42/48 16,71136,95167,4549,6086,1984,852
44 1,1281,2284,2513,1181,5852,257
440/4 1,1281,2284,2513,1181,5852,257
46 -21,42821,428---
45 4,1742,77739,7766,4903,279989
450/3 4,1742,77739,7766,4903,279989
47/48 11,41011,5191,999-1,3341,605
Income statement
9900 107,824178,683276,5766684,785143,548
62 1,6001,280----
630 3,4377,4071,0931,0931,00724,094
640/8 1,9231,3251,1203,300493600
9901 100,864168,671274,363-3,7263,284118,854
75/76B 13,474530572551
75 13,4745303551
76B ---569--
65/66B 74311584,36564636
65 743115816564136
66B ---4,200-500
9903 114,265168,365274,335-7,5183,275118,219
67/77 41,64531,84579,107-27529,309
9904 72,620136,521195,228-7,5183,00088,910
9905 72,620136,521195,228-7,5183,00088,910
Appropriation of the result
9906 72,620136,521195,228-7,5183,00088,910
791/2 40,00040,00040,0007,518--
691/2 72,620136,521195,228-3,00088,910
6921 72,620136,521195,228-3,00088,910
694/7 40,00040,00040,000---
694 40,00040,00040,000---
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 30-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 30-01-2026 2026-00032467 PDF
30-06-2024 micro format 28-01-2025 2025-00016729 PDF
30-06-2023 micro format 31-01-2024 2024-00023368 PDF
30-06-2022 micro format 12-12-2022 2022-20539056 PDF
30-06-2021 micro format 07-02-2022 2022-05200331 PDF
30-06-2020 micro format 22-02-2021 2021-05800372 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
104,301176,078275,456-2,6334,292142,948
76,057143,927196,321-6,4264,007113,004
25,808183,0814,598-2,7113,561291,297
94,832-139,593131,0042,537-7,908-
88,54478,295163,19711,47415,18914,742
97.1%93.5%86.6%96.7%97.9%98.3%
6.303.123.422.193.454.04
0.030.070.160.030.020.02
12.9%25.7%44.9%-2.7%1.0%31.3%
12.5%24.0%38.8%-2.6%1.0%30.7%
over 100over 100over 100-15.95--

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€25,808€179,653--
Financial fixed assets-€3,428€4,598-
€3,437€7,407€1,093€1,093

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on A+

The operating result for 2025 is 40% lower than in 2024 and the lowest since 2022. It is the second fall in a row.

Debt's share of the balance-sheet total falls from 6.5% to 2.9%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in 2019
Statutory director
appointed by deed of 02-10-2019 term without a fixed end
earlier manager, until 18-09-2019
listed in the 2025 annual accounts, filed on 30-01-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

Statutory director

Manager
BoardEarliermandate already running before its first mention
Mandates as a list
    • Manager, until 18-09-2019
    • Statutory director, appointed by deed of 02-10-2019, still in office
    • Manager, until 18-09-2019

See the board, name and registered office on a given date →

Control

Shareholder
This company
A+
Equity €564,222
Profit €72,620 in 2025

Capital

Capital
€18,600
Source
deed of 02-10-2019

Articles of association

deed of 02-10-2019 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
100 shares
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Saturday of November at 19:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Recht algemene vergadering een of meer vereffenaars aan te duiden,bevoegdheden te omlijnen,vergoeding te bepalen, bestuurder(s) in functie…”

Shareholders

Stated in the deed deed of 02-10-2019 ↗
  • all shares

Capital transactions

Capital over time
  1. 02-10-2019 Capital increase of €18,100 · to €18,600 · from reserves
  2. 02-10-2019 Converted to unavailable equity · €18,600

Network & group

At the same address

Mazestraat 18B, 9030 Ghent · 1 other company
BEYOND PROJECTS
registered office since 24-10-2025
founded in 2025
1029.638.667

Holdings and subsidiaries

1 holding

Holdings 1

  • Equity €896,719 Loss of €584,738 in 2025 (loss of €399,841 in 2024) Checked score
    Sourcedeed 10-06-2021
    share not stated

Board mandates elsewhere

2 board mandates
Board mandates of A+A+ sits on their board2
Director
Founded in 2019 · total assets €8.4m (2025)
Director · 2 locations
Founded in 2010 · 7.6 FTE (2025)

Connections & network

1 current director
Depth

The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.

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

Timeline

Timeline

18 events since 2014

Deadline for the 2026 accounts: 31-01-2027

2026
Registered office moved within GhentNew registered office: Mazestraat 18B, 9030 Gent · Previous registered office: Sanderswal 11; 9000 Gent · General meeting of 21-09-20262 points ▸
  • General meeting, 21-09-2026
  • Registered-office move, Mazestraat 18B, 9030 Gent
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Environmental permit granted OmgevingsloketBouwen of herbouwen · Zedelgem
Annual accounts 2025 filed PDFmicro format · 1 day before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0505975853
2025
Liquidity doubles current ratio 6.30 The current ratio rises from 3.12 to 6.30. Short-term debt falls from €36,951 to €16,711.
Annual accounts 2024 filed PDFmicro format · 3 days before the deadline
2024
Environmental permit granted OmgevingsloketAanleg van nieuwe verkeersweg · Zedelgem
Equity above €500,000 equity €531,602 ▲22.2% After 2 profitable years in a row, equity reaches €531,602.
Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
Back to profit net €195,228 The net result is €195,228, after one loss-making year.
2022
Annual accounts 2022 filed PDFmicro format · 50 days before the deadline
Weakest financial year net -€7,518 The net result drops to -€7,518, the lowest from 2020 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFmicro format · 7 days late
2021
Annual accounts 2020 filed PDFmicro format · 22 days late
2019
Capital increase of €18,100 to €18,600Capital from €500 to €18,600 · Change of role: , from manager to statutory director · Resignation: (manager) · General meeting of 18-09-201915 points ▸
  • General meeting, 18-09-2019
  • holds all the shares
  • Board composition, (statutory manager)
  • Board composition, (statutory manager)
  • Capital increase, €18,100
  • Auditor report, 03-09-2019
  • Director resignation, (manager), mentioned twice in the deed
  • Director resignation, (manager), mentioned twice in the deed
  • Legal-form conversion, from private limited company (pre-2019) to private limited company
  • Director appointment, (statutory director)
  • Board composition, (statutory director)
  • Registered office clause, Sanderswal 11, 9000 Gent
  • Legal-form conversion, from general partnership to private limited company (pre-2019)
  • Director discharge,
  • Director discharge,
  • The deed holds 11 more points.

Open the deed in the Belgian Official Gazette

2017
Registered office moved from Ostend to GhentNew registered office: Sanderswal 11; 9000 Gent · Previous registered office: Vrijheidstraat 54 bus 7; 8400 Oostende · General meeting of 01-07-20162 points ▸
  • General meeting, 01-07-2016
  • Registered-office move, Sanderswal 11; 9000 Gent

Open the deed in the Belgian Official Gazette

2014
First establishment Mazestraat 18, Ghent
Incorporation PDFpublished on 16-12-2014

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

A+ was incorporated on 25 September 2014.1 The registered office was moved to Ghent in 2017.2 In 2019 the capital was increased by €18,100 to €18,600.3 Total assets rose from €289,224 in 2020 to €580,933 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 31-01-2017
  3. 3Belgian Official Gazette, 02-10-2019
  4. 4National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0505.975.853
VAT number
BE 0505.975.853
Peppol ID
0208:0505975853
Other Peppol ID
9925:BE0505975853
Legal form
Private limited company
Status
Active, normal situation
Founded
25-09-2014
Financial year
ends on 30 June
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Saturday of November at 19:00
deed of 02-10-2019 (in Dutch)
Peppol
Reachable since 07-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
A+ in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 02-10-2019 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Sanderswal 11, 9000 Gent”
deed of 02-10-2019 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
46900 Non-specialised wholesale trade main activity
68311 Real estate activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Alle verrichtingen te doen die betrekking hebben op roerende goederen, onroerende goederen, gebouwd of ongebouwd, meer bepaald het aankopen…”
7 activities
  1. Alle verrichtingen te doen die betrekking hebben op roerende goederen, onroerende goederen, gebouwd of ongebouwd, meer bepaald het aankopen, oprichten, verkopen, huren en verhuren en alle hoegenaamde handelingen te verrichten betreffende onroerende rechten, dit zo voor eigen noodwendigheid of rekening al met het oog op vervreemding of voor rekening van derden of in samenwerking met derden.
  2. De vennootschap zal door middel van inbreng, versmelting, inschrijving of om het even welke andere wijze mogen deelnemen aan alle ondernemingen, verenigingen, vennootschappen, die een gelijksoortig of bijhorend doel nasteven of die eenvoudig nuttig zijn tot de algehele of gedeeltelijke verwezenlijking van haar maatschappelijk voorwerp.
  3. In het algemeen zal de vennootschap alle commerciële, industriële, financiële, roerende en/of onroerende handelingen mogen verrichten of in rechtstreeks of in onrechtstreeks verband met haar maatschappelijk doel of die van aard zijn de verwezenlijking ervan te vergemakkelijken, uit te breiden of te bevorderen. Zij zal deze verrichtingen in eigen naam en voor eigen rekening mogen doen maar ook voor rekening van derden, inzonderheid in hoedanigheid van commissionair.
  4. Zij mag ook alle financiële, nijverheids-, handels-, roerende en onroerende handelingen verrichten, die rechtstreeks of onrechtstreeks in verband staan met haar doel, en belangen nemen bij middel van inschrijving, inbreng, deelneming of op een andere wijze, in elke vennootschap of onderneming met een gelijkaardige bedrijvigheid, en, in het algemeen, alle handelingen verrichten die de verwezenlijking van haar maatschappelijk doel kunnen bevorderen.
  5. Deze opsomming is verklarend en niet beperkend en moet verstaan worden in de meest uitgebreide zin.
  6. De vennootschap mag alle handels-, nijverheids-, financiële, roerende of onroerende verrichtingen uitvoeren die in enig rechtstreeks of onrechtstreeks verband staan met haar doel.
  7. Voor zover de hierboven opgesomde activiteiten vergunningsplichtig zijn of onderworpen zijn aan bepaalde erkenningen, voorschriften of registratie, zullen deze activiteiten slechts mogen worden uitgeoefend nadat dergelijke vergunning, erkenning of registratie bekomen zal zijn of aan de desbetreffende voorschriften voldaan zal zijn.
deed of 02-10-2019 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Mazestraat 18B registered office 9030 Ghent
Mazestraat 18 9030 Ghent 46190 Agents in non-specialised wholesale trade 01-10-2014 2.238.046.257
1 former office
  • Vrijheidstraat 54 bus 7;, 8400 Oostende until 01-07-2016 · deed of 31-01-2017

Buildings and parcels at the addresses

Ground area
475 m²
Buildings
166 m²
Volume, LiDAR
1,576 m³
Tallest building
22.9 m
Buildings to scale, each on its own parcel
96 m², 10.2 m 70 m², 22.9 m 96 m², 10.2 m 70 m², 22.9 m

Environmental permits

7 applications in Flanders since 2023 · 2 granted · 1 under review
16-09-2026 Under review Bouwen of herbouwen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen; Verwijderen van vrijstaande gebouwen project 2026104070 Hooglede
10-03-2026 Granted Bouwen of herbouwen submitted 20-10-2025 · project 2025125193 Zedelgem
23-02-2026 Discontinued Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 27-10-2025 · project 2025126871 Zedelgem
20-10-2025 Discontinued Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 10-10-2025 · project 2025122635 Zedelgem
13-10-2025 Discontinued Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 25-07-2025 · project 2025091634 Zedelgem
09-07-2024 Granted Aanleg van nieuwe verkeersweg submitted 29-04-2024 · Subdivision · project 2024062781 Zedelgem
26-04-2024 Discontinued Aanleg van nieuwe verkeersweg submitted 12-10-2023 · Subdivision · project 2023135320 Zedelgem

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
44038A0487/00N000379 m² 1 · 70 m² 22.9 m · 5
44038A0487/00D00096 m² 1 · 96 m² 10.2 m · 3