A & A PROPERTIES
ActiveSummary
A & A PROPERTIES has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.6m and a net result of -€117,758. Equity is growing by ~31.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33=
Solvency69=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €310,000 at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.01 in 2024; short-term debt: 6.7% and cash: 0.3% of total assets), and 56.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.6%
Return on assets
-0.9%
Age of the figures
9 mo
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
49 d early
2023
29 d early
2022
48 d early
2021
17 d early
2020
23 d early
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 27 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 13 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€5.6m▼ 2.1%
2024 · €5.7m
Total assets
€12.8m▼ 0.7%
2024 · €12.9m
Net result
-€117,758▼ 21.2%
2024 · -€97,148
Working capital
-€791,227▲ 72.6%
2024 · -€2.9m
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€43,645▼ 68.2%€74,958▲ 71.7%€60,371▼ 19.5%€112,011▲ 85.5%€70,305▼ 37.2%
Net result-€47,444-€118,168▼ 149%-€128,817▼ 9.0%-€97,148▲ 24.6%-€117,758▼ 21.2%
Equity€157,238▼ 23.2%€5.9m▲ 3,677%€5.8m▼ 2.2%€5.7m▼ 1.7%€5.6m▼ 2.1%
Total assets€7.8m▼ 2.9%€13.4m▲ 72.8%€13.2m▼ 2.0%€12.9m▼ 1.8%€12.8m▼ 0.7%
Debt€7.6m▼ 2.4%€7.5m▼ 1.6%€7.4m▼ 1.9%€7.2m▼ 1.9%€7.2m▲ 0.3%
Working capital-€1.7m▲ 5.8%-€2.4m▼ 39.3%-€2.3m▲ 3.0%-€2.9m▼ 24.8%-€791,227▲ 72.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.8m
Fixed assets
€12.8m ▼ 0.9%
Current assets
€69,632 ▲ 61.5%
Equity and liabilities €12.8m
Equity
€5.6m ▼ 2.1%
Debt
€7.2m ▲ 0.3%
Debt's share of the balance-sheet total rises from 55.8% to 56.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€354,636▼
2024 · €388,941
Cash flow
€166,573▼
2024 · €179,783
Current ratio
0.08▲
2024 · 0.01
Debt to equity
1.29▲
2024 · 1.26
ROE
-2.1%▼
2024 · -1.7%
ROA
-0.9%▼
2024 · -0.8%
Interest coverage
1.89▲
2024 · 1.86
Debt ≤ 1 year
€860,859▼
2024 · €2.9m
Debt > 1 year
€5.9m▲
2024 · €3.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 823 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
2.9%
stopped otherwise
96%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.2% 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%.
| 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 823 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €271,934 | €273,311 | €274,287 | €276,930 | €284,331 | ▲ 2.7% |
| Other operating charges640/8 | €27,050 | €33,862 | €40,039 | €41,644 | €43,169 | ▲ 3.7% |
| Non-recurring operating charges66A | €50,693 | - | - | - | - | - |
| Gross operating margin9900 | €393,323 | €382,131 | €374,696 | €430,585 | €397,805 | ▼ 7.6% |
| Operating profit (loss)9901 | €43,645 | €74,958 | €60,371 | €112,011 | €70,305 | ▼ 37.2% |
| Financial charges65/66B | €91,089 | €193,125 | €189,188 | €209,159 | €188,063 | ▼ 10.1% |
| Recurring financial charges65 | €91,089 | €193,125 | €189,188 | €209,159 | €188,063 | ▼ 10.1% |
| Profit (loss) for the period before taxes9903 | -€47,444 | -€118,168 | -€128,817 | -€97,148 | -€117,758 | ▼ 21.2% |
| Profit (loss) for the period9904 | -€47,444 | -€118,168 | -€128,817 | -€97,148 | -€117,758 | ▼ 21.2% |
| Profit (loss) for the period to be appropriated9905 | -€47,444 | -€118,168 | -€128,817 | -€97,148 | -€117,758 | ▼ 21.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.8m | €13.4m | €13.2m | €12.9m | €12.8m | ▼ 0.7% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €7.7m | €13.4m | €13.1m | €12.9m | €12.8m | ▼ 0.9% |
| Tangible fixed assets22/27 | €7.7m | €13.4m | €13.1m | €12.9m | €12.8m | ▼ 0.9% |
| Land and buildings22 | €7.7m | €13.4m | €13.1m | €12.9m | €12.8m | ▼ 0.9% |
| Plant, machinery and equipment23 | €1,076 | €805 | €533 | €261 | €1 | ▼ 99.6% |
| Assets under construction and advance payments27 | - | €3,640 | - | €2,001 | - | - |
| Current assets29/58 | €46,345 | €59,861 | €41,581 | €43,103 | €69,632 | ▲ 61.5% |
| Amounts receivable within one year40/41 | €33,100 | €21,000 | €18,900 | €18,900 | €16,800 | ▼ 11.1% |
| Trade receivables40 | €23,100 | €21,000 | €18,900 | €18,900 | €16,800 | ▼ 11.1% |
| Other amounts receivable41 | €10,000 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €4,134 | €18,752 | €3,149 | €13,305 | €41,641 | ▲ 213% |
| Deferred charges and accrued income490/1 | €9,111 | €20,109 | €19,532 | €10,898 | €11,191 | ▲ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.8m | €13.4m | €13.2m | €12.9m | €12.8m | ▼ 0.7% |
| Equity10/15 | €157,238 | €5.9m | €5.8m | €5.7m | €5.6m | ▼ 2.1% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Capital10 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Issued capital100 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Revaluation surpluses12 | - | €5.9m | €5.9m | €5.9m | €5.9m | = |
| Profit (loss) carried forward14 | -€992,762 | -€1.1m | -€1.2m | -€1.3m | -€1.5m | ▼ 8.8% |
| Amounts payable17/49 | €7.6m | €7.5m | €7.4m | €7.2m | €7.2m | ▲ 0.3% |
| Amounts payable after more than one year17 | €5.7m | €4.8m | €4.7m | €3.9m | €5.9m | ▲ 51.7% |
| Financial debts170/4 | €5.7m | €4.8m | €4.7m | €3.9m | €5.9m | ▲ 51.7% |
| Amounts payable within one year42/48 | €1.8m | €2.4m | €2.4m | €2.9m | €860,859 | ▼ 70.6% |
| Current portion of amounts payable after more than one year42 | €210,045 | €211,005 | €211,977 | €949,611 | €201,358 | ▼ 78.8% |
| Financial debts43 | €1.5m | €2.2m | €2.1m | €2.0m | €640,000 | ▼ 67.2% |
| Credit institutions430/8 | €1.5m | €2.2m | €2.1m | €2.0m | €640,000 | ▼ 67.2% |
| Trade debts44 | €30,428 | €29,854 | €54,002 | €19,560 | €19,501 | ▼ 0.3% |
| Suppliers440/4 | €30,428 | €29,854 | €54,002 | €19,560 | €19,501 | ▼ 0.3% |
| Other amounts payable47/48 | - | €30,000 | €10,000 | €10,000 | - | - |
| Accrued charges and deferred income492/3 | €127,358 | €251,608 | €326,863 | €411,858 | €503,126 | ▲ 22.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€47,444 | -€118,168 | -€128,817 | -€97,148 | -€117,758 | ▼ 21.2% |
| + Depreciation and write-downs630 | €271,934 | €273,311 | €274,287 | €276,930 | €284,331 | ▲ 2.7% |
| Operating cash flow (approximation) | €224,490 | €155,143 | €145,470 | €179,783 | €166,573 | ▼ 7.3% |
| Investment in fixed assets (approximation) | - | -€5.9m | -€22,290 | -€37,934 | -€163,054 | ▼ 330% |
| Change in cash | - | €14,618 | -€15,603 | €10,156 | €28,337 | ▲ 179% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€128,817
Net result drops to -€128,817, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €5mEq €5.9m ▲3,677%
Equity rises from €157,238 to €5.9m.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €204,682 ▲19.4%
3 profitable years in a row build equity to €204,682.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2003
Ground area
436 m²
Building footprint
101 m²
Volume, LiDAR
1,338 m³
Parcel 21004A0977/00W002, Brussels · tallest building 20.1 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
A & A PROPERTIES
since 20032.137.863.964
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A0977/00W002 | Brussels | 436 m² | 1 · 101 m² | 20.1 m · 5 fl. |
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.
Identification & contact
Identification
Legal formPublic limited company
Founded20-10-2003
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0861171344
Registered
18-12-2025
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.