A + ARCHITECTURE
ActiveSummary
The annual accounts of A + ARCHITECTURE for fiscal year 2025 show a net loss of 79% of total assets and of 56% of the equity at the start of that year. The 2025 annual accounts show equity of €22,841 and a net result of -€29,233. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 57% of 9537 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-71
Solvency86▼-14
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.66 against 7.22 in 2024; short-term debt: 38.6% and cash: 24.7% of total assets), and 38.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.4%
Return on assets
-78.5%
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
1 d early
2023
7 d early
2022
18 d late
2021
3 d early
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€51,700
EBIT margin
-57.7%
Net result
-€29,233
2024 · €1,283
Working capital
€9,495▼ 80.9%
2024 · €49,733
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€51,700
Operating result€24,395▲ 375%€28,589▲ 17.2%-€56€2,021-€29,849
Net result€17,624▲ 309%€20,317▲ 15.3%-€389€1,283-€29,233
EBIT margin-57.7%
Equity€30,863▲ 50.8%€51,180▲ 65.8%€50,791▼ 0.8%€52,074▲ 2.5%€22,841▼ 56.1%
Total assets€54,659▼ 1.4%€66,999▲ 22.6%€62,395▼ 6.9%€60,145▼ 3.6%€37,216▼ 38.1%
Debt€23,796▼ 32.0%€15,819▼ 33.5%€11,604▼ 26.6%€8,072▼ 30.4%€14,375▲ 78.1%
Working capital€23,984▲ 27.2%€46,595▲ 94.3%€49,138▲ 5.5%€49,733▲ 1.2%€9,495▼ 80.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €29,849 after €2,021 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37,216
Fixed assets
€13,346 ▲ 452%
Current assets
€23,870 ▼ 58.7%
Equity and liabilities €37,216
Equity
€22,841 ▼ 56.1%
Debt
€14,375 ▲ 78.1%
Debt's share of the balance-sheet total rises from 13.4% to 38.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€28,783▼
2024 · €3,039
Cash flow
-€28,167▼
2024 · €2,301
Current ratio
1.66▼
2024 · 7.22
Debt to equity
0.63▲
2024 · 0.16
ROE
-128.0%▼
2024 · 2.5%
ROA
-78.5%▼
2024 · 2.1%
Interest coverage
-169.08▼
2024 · 19.83
Debt ≤ 1 year
€14,375▲
2024 · €7,996
Income taxes
-€196▼
2024 · €1,089
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,827 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €51,700 | - |
| Non-recurring operating income76A | - | - | - | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €85,197 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,175 | €2,294 | €1,182 | €1,018 | €1,066 | ▲ 4.7% |
| Other operating charges640/8 | €732 | €808 | €3,225 | €2,794 | €808 | ▼ 71.1% |
| Gross operating margin9900 | €27,302 | €31,692 | €4,351 | €5,832 | -€27,974 | ▼ 580% |
| Operating profit (loss)9901 | €24,395 | €28,589 | -€56 | €2,021 | -€29,849 | ▼ 1,577% |
| Financial income75/76B | €658 | €390 | €373 | €505 | €590 | ▲ 16.9% |
| Recurring financial income75 | €658 | €390 | €373 | €505 | €590 | ▲ 16.9% |
| Financial charges65/66B | €188 | €153 | €153 | €153 | €170 | ▲ 11.1% |
| Recurring financial charges65 | €188 | €153 | €153 | €153 | €170 | ▲ 11.1% |
| Profit (loss) for the period before taxes9903 | €24,865 | €28,826 | €164 | €2,372 | -€29,429 | ▼ 1,340% |
| Income taxes67/77 | €7,240 | €8,509 | €553 | €1,089 | -€196 | ▼ 118% |
| Profit (loss) for the period9904 | €17,624 | €20,317 | -€389 | €1,283 | -€29,233 | ▼ 2,378% |
| Profit (loss) for the period to be appropriated9905 | €17,624 | €20,317 | -€389 | €1,283 | -€29,233 | ▼ 2,378% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,659 | €66,999 | €62,395 | €60,145 | €37,216 | ▼ 38.1% |
| Fixed assets21/28 | €6,879 | €4,585 | €1,653 | €2,416 | €13,346 | ▲ 452% |
| Tangible fixed assets22/27 | €6,879 | €4,585 | €1,653 | €2,416 | €1,350 | ▼ 44.1% |
| Plant, machinery and equipment23 | €2,226 | €1,325 | €1,286 | €2,256 | €1,350 | ▼ 40.2% |
| Furniture and vehicles24 | €3,874 | €2,687 | - | - | - | - |
| Other tangible fixed assets26 | €779 | €573 | €367 | €160 | €0 | ▼ 100% |
| Financial fixed assets28 | - | - | - | - | €11,997 | - |
| Current assets29/58 | €47,780 | €62,414 | €60,742 | €57,729 | €23,870 | ▼ 58.7% |
| Amounts receivable after more than one year29 | €18,169 | €11,698 | €11,698 | €11,698 | - | - |
| Other amounts receivable291 | €18,169 | €11,698 | €11,698 | €11,698 | - | - |
| Amounts receivable within one year40/41 | €6,829 | €1,427 | €11,794 | €15,823 | €8,352 | ▼ 47.2% |
| Trade receivables40 | €6,829 | - | €4,035 | €4,277 | €42 | ▼ 99.0% |
| Other amounts receivable41 | - | €1,427 | €7,759 | €11,546 | €8,310 | ▼ 28.0% |
| Cash at bank and in hand54/58 | €15,487 | €42,795 | €30,700 | €21,565 | €9,182 | ▼ 57.4% |
| Deferred charges and accrued income490/1 | €7,295 | €6,494 | €6,550 | €8,644 | €6,336 | ▼ 26.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,659 | €66,999 | €62,395 | €60,145 | €37,216 | ▼ 38.1% |
| Equity10/15 | €30,863 | €51,180 | €50,791 | €52,074 | €22,841 | ▼ 56.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €12,263 | €32,580 | €32,580 | €33,474 | €33,474 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €10,403 | €30,720 | €30,720 | €31,614 | €31,614 | = |
| Profit (loss) carried forward14 | - | - | -€389 | - | -€29,233 | - |
| Amounts payable17/49 | €23,796 | €15,819 | €11,604 | €8,072 | €14,375 | ▲ 78.1% |
| Amounts payable within one year42/48 | €23,796 | €15,819 | €11,604 | €7,996 | €14,375 | ▲ 79.8% |
| Trade debts44 | €6,307 | €8,369 | €7,570 | €6,868 | €12,577 | ▲ 83.1% |
| Suppliers440/4 | €6,307 | €8,369 | €7,570 | €6,868 | €12,577 | ▲ 83.1% |
| Taxes, remuneration and social security45 | €10,565 | €7,450 | €4,034 | €1,128 | €1,799 | ▲ 59.4% |
| Taxes450/3 | €10,565 | €7,183 | €4,034 | €1,128 | €1,799 | ▲ 59.4% |
| Remuneration and social security454/9 | - | €267 | - | - | - | - |
| Other amounts payable47/48 | €6,924 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €75 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,624 | €20,317 | -€389 | €1,283 | -€29,233 | ▼ 2,378% |
| + Depreciation and write-downs630 | €2,175 | €2,294 | €1,182 | €1,018 | €1,066 | ▲ 4.7% |
| Operating cash flow (approximation) | €19,800 | €22,611 | €793 | €2,301 | -€28,167 | ▼ 1,324% |
| Investment in fixed assets (approximation) | - | €0 | €1,750 | -€1,781 | -€11,997 | ▼ 574% |
| Change in cash | - | €27,308 | -€12,095 | -€9,136 | -€12,383 | ▼ 35.5% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€29,233
Net result drops to -€29,233, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1,283
Net result €1,283 after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Highest result since 2018net €20,317 ▲15.3%
Operating result €28,589, net result €20,317, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €4,312
Net result €4,312 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
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.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Waterloo
Ground area
1,122 m²
Building footprint
132 m²
Volume, LiDAR
900 m³
Parcel 25110S0020/00N008, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110S0020/00N008 | Wallonia | 1,122 m² | 1 · 132 m² | 9.1 m · 2 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.
Similar companies · same sector, comparable size
ARCHITEKTUURBURO AR-CO
BE 0445.109.640
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Architectuurburo BOFA
BE 0877.911.366
Sint-Genesius-Rode · Eq €22,868
M/ARCHITECTS
BE 0840.595.268
Boortmeerbeek · Eq €22,761
BeAr Studio
BE 0791.885.531
Sint-Truiden · Eq €22,745
Sonia Tarpy Architecture
BE 0667.824.214
Ukkel · Eq €22,718
Of 18,252 companies in sector 71111 we hold annual accounts for 6,320. 4,644 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442395917
Also
9925:BE0442395917
Registered
05-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.