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A.A.Q.

Active
Private limited companyfounded 1994active for 31 yearsLeuvensesteenweg 290, 3390 Tielt-Winge, BelgiumKBO/BCE: BE 0454.170.826
Summary

A.A.Q. has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €418,149 and a net result of €19,963. Its solvency ranks better than 82% of 8,981 sector peers (NACE 46, financial year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Wholesale of electrical equipment, including installation materials
NACE 46643
1 site
Size
€547,840total assets 2024
Equity
€418,149
Profit
€19,963
Turnover not published (abbreviated format)
Financial health
57 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Accounts 74 days overdue1 of 2 deeds read
Why 57raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 23-10-2025)1 financial year not filed after the legal deadline; latest accounts 84 days late; 2 of the last 3 latelowers riskFounded in 1994Equity €418,149 (76.3% of total assets)Show the evidence

Checked score

Score 2024
57 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 74% of its sector peers (NACE 46, micro)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Strong
Solvency 100=
equity 76.3% of total assets
Liquidity 91=
short-term debt 23.7% · cash 52.5%
Profitability 73-18
return on assets 3.6%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,874 companies, NACE 46, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.7%▲ +0.3 percentage points vs 09-2025highest value 11-2025: 0.1%▼ -0.6 percentage points vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026lowest value 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.4%▲ +0.2 percentage points vs 09-2026
Credit of up to €23,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 2.39, compared with 2.17 in 2023, above the usual 1.5; short-term debt: 23.7% and cash: 52.5% of total assets), and 23.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 90% on solvency, 90% on liquidity, 60% on profitability and 55% on growth.

The bankruptcy probability was computed on 13-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Founded in 1994
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Figures for financial year 2024 (filed 23-10-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 84 days late; 2 of the last 3 late
NBB · filings
lowers risk · Equity €418,149 (76.3% of total assets)
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 74 days later.
NBB · 2 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline13-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 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 · 2 filings
Deviation from the deadline
2025
not filed
2024
84 days late
2023
363 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 224 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Legal-form change · Resignations & appointmentsAppointments: HAESEVOETS Tom Raymond (director)…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Caution: Result fell in 2024from €91,093 to €19,963 ▼ 78.1% View
  • Caution: Accounts not fileddeadline was 31-07-2026 74 days late View
  • Positive: Among the best 18% on solvencysector median 44.0% · 8,981 companies 76.3% View
  • New directorslatest change 21-05-2026 · 2 in office 2 joined View

By topic

Financials

Financial year
2024
Total assets
€547,840
Profit
€19,963
Solvency
76.3%
Total assets▲ 4.8%
Net result
20232024
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale of electrical equipment, including installation materialsNACE 46643
Founded
21-12-1994
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
20
Annual meeting
Third Saturday of May at 14:00
Purpose
“De import en export, de levering, plaatsing, onderhoud, verhuring en fabricatie van…” (deed in Dutch)
Go to Articles of association

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