Equity
€89,869 ▲ 135%
Equity rose in 2025 from €38,251 to €89,869.
A&A
Lifetime
3 annual accounts with figures on one time axispeak €97,854 (2025)
€97,854▲ 15.8%
lowest -€20,747 (2023)
€51,618▲ 5.3%
peak €89,869 (2025)
€89,869▲ 135%
€96,372▼ 47.2%
Board2 names since 2022
2 directorsAZIZI Ahmad and 1 other
Documentsfilings and deeds
29-09-202660 days late
2025micro format
Gross margin from €84,473 to €97,854Registered office moved from Lendelede to Kachtem 05-08Equity from €38,251 to €89,869Debts from €182,572 to €96,372Cash from €8,034 to €61,954
Key points
from the 2025 annual accountsTurnover
≈ €770,000 estimated
The micro format states no turnover.
Liquidity
2.01 was 1.21 in 2024
Short-term debts fell from €180,733 to €92,296.
Filings
3 annual accounts 3 late
The 2025 accounts came latest: 60 days after the end of the period.
Starting capital
€10,000 100 shares
Position in the sector
€51,618
Higher net result than 89% of companies in retail trade. Sector median €5,048 · 22,907 companies.
Checked score
58
Fair
Financially stronger than 81% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.1%
01-2025: 2.9%▼ -0.2 percentage points vs 12-2024
02-2025: 2.9%● unchanged vs 01-2025
03-2025: 2.9%● unchanged vs 02-2025
04-2025: 3.0%▲ +0.1 percentage points vs 03-2025
05-2025: 3.0%● unchanged vs 04-2025
06-2025: 2.9%▼ -0.1 percentage points vs 05-2025
07-2025: 3.1%▲ +0.2 percentage points vs 06-2025
08-2025: 3.9%▲ +0.8 percentage points vs 07-2025
09-2025: 6.8%▲ +2.9 percentage points vs 08-2025
10-2025: 5.3%▼ -1.5 percentage points vs 09-2025
11-2025: 5.3%● unchanged vs 10-2025
12-2025: 4.8%▼ -0.5 percentage points vs 11-2025
01-2026: 4.7%▼ -0.1 percentage points vs 12-2025
02-2026: 4.7%● unchanged vs 01-2026
03-2026: 4.7%● unchanged vs 02-2026
04-2026: 5.5%▲ +0.8 percentage points vs 03-2026
05-2026: 6.1%▲ +0.6 percentage points vs 04-2026
06-2026: 6.3%▲ +0.2 percentage points vs 05-2026
07-2026: 6.3%● unchanged vs 06-2026
08-2026: 6.9%▲ +0.6 percentage points vs 07-2026
09-2026: 7.0%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 1.6%▼ -5.4 percentage points vs 09-2026lowest value
11-2026: 1.6%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 60 days late; 2 of the last 3 accounts late
1 change of registered office in 24 months
Founded in 2022
lowers risk
Liquidity: current ratio 2.01, cash €61,954
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 47, micro). It does better than 63% of them on solvency, 73% on liquidity, 96% on profitability and 94% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 39,278 companies had the same profile as A&A has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of A&A itself: 1.6% 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 39,278 companies, not a prediction for A&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 of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.01 (1.21 in 2024), above the usual 1.5. Short-term debt is 49.6% and cash 33.3% of total assets. However, 51.7% of the assets are financed with debt and provisions.
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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
60 days late
2024
56 days late
2023
20 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 45 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 September (3 of the last 3 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- AZIZI Ahmad founderdeed of 21-04-2022
- DINZAD Tamana founderdeed of 21-04-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0784944586
Registered office moved from Lendelede to Kachtem
New registered office: Hondsmertjesstraat 10 8870 Kachtem · Previous registered office: Kardinaal Cardijnlaan 36 8860 Lendelede · General meeting of 04-04-2025 · Gazette deed
Incorporation
Founding capital of €10,000, 100 shares · Founders: AZIZI Ahmad and DINZAD Tamana · Appointments: AZIZI Ahmad (director) and DINZAD Tamana (director) · published on 21-04-2022 · Gazette deed
First establishment
Lodewijk de Raetlaan 1, Izegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| A&A Izegem | €186,241 | €97,854 | 48.3% | - |
| BAKKERIJ ECRA Ghent | €210,654 | €87,921 | 53.8% | - |
| Deli Oost Roeselare | €227,498 | €121,313 | 5.0% | - |
| DE ZOETE ZONDE OOSTDUINKERKE Koksijde | €236,028 | €100,285 | 67.7% | - |
| F-it Services Bonheiden | €199,426 | €76,697 | 93.6% | - |
| Bakkerij De Knop Affligem | €176,010 | €129,579 | 25.2% | - |
| MALUT Sambreville | €169,994 | €77,106 | 43.5% | - |
These companies have the same main activity as A&A: retail sale of bread and pastry (bakery outlets) (NACE 47241). They are comparable in size and age: total assets between €170,000 and €236,000, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 19-04-2022Normal situation
- Activity
- Retail sale of bread and pastry (bakery outlets)NACE 47241and 4 others
- Establishment unit
- 2.330.271.1848870 Izegem, since 19-04-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 08-01-2026
Insights on A&A
A&A files the micro format. That format states no turnover. The gross margin rose from €23,616 in 2023 to €97,854 in 2025.
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 A&A
- What is the company number of A&A?
- The company number of A&A is 0784.944.586. The VAT number is the same number with BE in front: BE 0784.944.586.
- Where is A&A based?
- The registered office is at Hondsmertjesstraat 10, 8870 Izegem.Company details
- What does A&A do?
- According to the KBO register, the main activity is retail sale of bread and pastry (bakery outlets) (NACE 47241).
- What is the legal form of A&A?
- A&A is a private limited company (BV).
- When was A&A founded?
- A&A was founded on 19-04-2022.
- Is A&A still active?
- Yes, A&A is an active enterprise in the KBO register.
- How many employees does A&A have?
- A&A had an average of 0.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of A&A?
- The turnover in financial year 2025 is ≈ €770,000. This figure is estimated from the gross margin of €97,854 and 45 comparable companies (NACE 472). It probably lies between €440,000 and €1.0m.
- Is A&A profitable?
- In financial year 2025, A&A made a profit of €51,618.
- Where can I find the annual accounts of A&A?
- A&A filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of A&A due?
- A&A must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.