A&A
ActiveFrom the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of A&A is 5.2% (elevated). The 2025 annual accounts show equity of €68,035 and a net result of €62,201. Its solvency ranks better than 81% of 16,961 sector peers (NACE 56, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
KBO- Status
- Active since 17-01-2025 Normal situation
- Activity
- Full-service restaurants NACE 56111and 5 others
- Establishment units
- 2.368.970.721 2600 Antwerpen, since 17-01-2025
- 2.368.970.820 2640 Mortsel, since 17-01-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 17-02-2025
Board and ownership
- CORTHALS AntereDirector · since 17-01-2025
- TSUBOI AsakoDirector · since 17-01-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.2%
- Gross margin
- €99,803
- Turnover
- ≈ €320,000
- estimated
- Profit
- €62,201
- Equity
- €68,035
- Total assets
- €101,743
- Staff
- ≈ 0 FTE
- estimated
Score breakdownraises riskSize: total assets €101,743Founded in 2025Sector: Food and beverage service activities (NACE 56)Last filed accounts filed 75 days late; 1 of the last 3 accounts lateShow the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 56, micro). It does better than 82% of them on solvency, 45% on liquidity and 93% on profitability.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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Signals
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 75 days after the deadline Filed on 14 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00556502.
Annual accounts 2025 filed on 14-10-2026 at the NBB
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Comparable companies
These companies have the same main activity as A&A: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €95,000 and €101,000, founded between 2024 and 2025.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| A&A Mortsel | 2025 | €101,743 | €68,035 | €99,803 | €62,201 | 2025 |
| GALINI Antwerpen | 2024 | €101,071 | €19,935 | €108,783 | €14,935 | 2025 |
| WILGENBOSCH Duffel | 2025 | €96,834 | €37,649 | €90,451 | €20,149 | 2025 |
| Pachthof Stroykens Tervuren | 2025 | €100,156 | €71,335 | €105,429 | €67,335 | 2025 |
| TALJANOVIC Liège | 2025 | €99,881 | €46,241 | €102,386 | €43,241 | 2025 |
| M-JOY Zedelgem | 2024 | €94,995 | €10,443 | €98,965 | €7,443 | 2025 |
| Ruby Wine, Food & Coffee Genk | 2024 | €99,864 | -€10,456 | €99,201 | -€30,456 | 2025 |
They were chosen from the 12,110 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 11,279 companies had the same profile as A&A has now. Two years later, 0.7% had gone bankrupt and 96.6% were still going.
- Micro
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of A&A itself is higher: 5.2% within 12 months. It rests on far more data about A&A than the profile alone.
Test of the method
The method was tested on the 497,445 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 11,279 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.
Subsidies and aid
Flemish government
2025 · 1 entry · €96 awarded · €96 paid| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €212 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,449 |
| Other operating charges640/8 | €16,313 |
| Gross operating margin9900 | €99,803 |
| Operating profit (loss)9901 | €76,829 |
| Financial income75/76B | €1,156 |
| Recurring financial income75 | €1,156 |
| Financial charges65/66B | €291 |
| Recurring financial charges65 | €291 |
| Profit (loss) for the period before taxes9903 | €77,694 |
| Income taxes67/77 | €15,493 |
| Profit (loss) for the period9904 | €62,201 |
| Profit (loss) for the period to be appropriated9905 | €62,201 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €101,743 | |
| Formation expenses20 | €0 | |
| Fixed assets21/28 | €32,530 | |
| Tangible fixed assets22/27 | €32,530 | |
| Plant, machinery and equipment23 | €12,235 | |
| Furniture and vehicles24 | €5,476 | |
| Other tangible fixed assets26 | €14,819 | |
| Current assets29/58 | €69,213 | |
| Stocks and contracts in progress3 | €695 | |
| Stocks30/36 | €695 | |
| Amounts receivable within one year40/41 | €63,390 | |
| Trade receivables40 | €2,677 | |
| Other amounts receivable41 | €60,713 | |
| Cash at bank and in hand54/58 | €5,087 | |
| Deferred charges and accrued income490/1 | €40 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €101,743 | |
| Equity10/15 | €68,035 | |
| Contributions10/11 | €7,500 | |
| Profit (loss) carried forward14 | €60,535 | |
| Amounts payable17/49 | €33,708 | |
| Amounts payable after more than one year17 | €8,063 | |
| Financial debts170/4 | €8,063 | |
| Amounts payable within one year42/48 | €23,116 | |
| Current portion of amounts payable after more than one year42 | €5,957 | |
| Trade debts44 | €0 | |
| Suppliers440/4 | €0 | |
| Taxes, remuneration and social security45 | €15,493 | |
| Taxes450/3 | €15,493 | |
| Other amounts payable47/48 | €1,666 | |
| Accrued charges and deferred income492/3 | €2,529 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €62,201 |
| + Depreciation and write-downs630 | €6,449 |
| Operating cash flow (approximation) | €68,650 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-10-2026 | 2026-00556502 | NBB |
Board & ownership
Directors
Owners and capital
Shareholders
- CORTHALS Antere 375 shares (50%) · €3,750
- TSUBOI Asako 375 shares (50%) · €3,750
Capital transactions
- 21-01-2025 Incorporation · €7,500 · 750 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CORTHALS Antere |
|
| TSUBOI Asako |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd”
Articles of association, deed of 21-01-2025 (in Dutch)
Network & group
A&A shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of A&A. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
21-01
Gazette deed
IncorporationAppointments: CORTHALS Antere (director) and TSUBOI Asako (director) · Founder · Founding capital10 points ▸
- Incorporation, 16-01-2025
- Founder, CORTHALS Antere
- Founder, TSUBOI Asako
- Founding capital, €7,500
- Bank account, “[…], […]” (deed in Dutch)
- Registered office clause, “2640 Mortsel,Deurnestraat 237” (deed in Dutch)
- Board rule, 2, “vergadering” (deed in Dutch)
- Director appointment, CORTHALS Antere (director (not named in the articles))
- Director appointment, TSUBOI Asako (director (not named in the articles))
- Other provision, “aflevering uittreksel vóór registratie, artikel 173,1°bis Wetboek der Registratierechten” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
2 establishment units
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11029A0025/00L002 | Flanders | 150 m² | 1 · 83 m² | 10.7 m · 1 |
| 11003B0006/00V009 | Flanders | 148 m² | 1 · 68 m² | - |