A et M.J.
The computed 12-month bankruptcy probability of A et M.J. is 1.1% (low). The 2025 annual accounts show negative equity (€-111k) and a net result of €-3k. Equity is shrinking by ~54.4% per year across the filed fiscal years. The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-111k |
| Net result | €-3k |
| Active | 40 yrs |
| Board | 1 |
Fragile profile — watch health in particular.
Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil–Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Fiscal year | 2025 |
|---|---|
| Revenue | — |
| EBITDA | €-1k |
| Net profit | €-3k |
| Cash flow | €-1k |
| Staff costs | — |
| Income taxes | €0 |
| Dividends | — |
| Total assets | €97k |
| Equity | €-111k |
| Debt | €209k |
| of which ≤ 1y | €174k |
| of which > 1y | €35k |
| Working capital | €-77k |
| Employees (FTE) | — |
| 2025 | |
|---|---|
| Current ratio | 0.55 |
| Quick ratio | 0.55 |
| Working capital ratio | -79.5% |
| Solvency | -114.3% |
| Debt / equity | -1.87 |
| Long-term debt ratio | -0.31 |
| Interest coverage | -19.00 |
| Gross margin | — |
| Net margin | — |
| ROA | -3.2% |
| ROE | 2.8% |
| EBITDA margin | — |
| Days sales outstanding | — |
| Days payable outstanding | — |
| Inventory turnover | — |
| Days inventory (DSI) | — |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €97k |
| Fixed assets | 21/28 | €1k |
| Tangible fixed assets | 22/27 | €1k |
| Current assets | 29/58 | €96k |
| Amounts receivable within one year | 40/41 | €92k |
| Cash & bank | 54/58 | €4k |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €97k |
| Equity | 10/15 | €-111k |
| Contributions / capital | 10/11 | €45k |
| Reserves | 13 | €4k |
| Accumulated profits (losses) | 14 | €-160k |
| Amounts payable | 17/49 | €209k |
| Amounts payable after one year | 17 | €35k |
| Amounts payable within one year | 42/48 | €174k |
| Trade debts payable within one year | 44 | €21k |
| Income statement | ||
| Gross operating margin | 9900 | €-710 |
| Operating result | 9901 | €-3k |
| Financial charges | 65 | €58 |
| Result before taxes | 9903 | €-3k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €-3k |
| Result to be appropriated | 9905 | €-3k |
-
Current10-12-2023 → present
Former directors (4)
-
Former10-06-2021 → 10-12-2023
2 events
- 10-12-2023 Resigned· Director
- 10-06-2021 Appointed· Director
-
Former05-02-2020 → 10-06-2021
2 events
- 10-06-2021 Resigned· Director
- 05-02-2020 Appointed· Manager
-
Former27-09-2017 → 05-02-2020
2 events
- 05-02-2020 Resigned· Managing director
- 27-09-2017 Appointed· Managing director
-
Former— → 27-09-2017
| NACE primary | Advertising & market research(73110) |
| Legal form | Private limited company(610) |
| Incorporation | 18-09-1985 |
| Status | Active |
| Postal code | 1080 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0158/00A002 | Brussels | 340 m² | 1 · 297 m² | 10.7 m · 3 fl. |
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
02-03-2026 MERTENS resigns as director correction
- MERTENS — Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
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"name": "MERTENS",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "Suite \u00E0 l\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire des actionnaires tenue le 16 septembre 2017, publi\u00E9 aux Annexes du Moniteur belge du 27 septembre 2017, sous le num\u00E9ro 136717, l\u0027assembl\u00E9e g\u00E9n\u00E9rale a accept\u00E9 la d\u00E9mission de Monsieur MERTENS en tant qu\u0027administrateur statutaire.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Steven PRAET",
"firm_city": null,
"firm_name": null,
"office_city": "Grimbergen",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2026-03-02",
"filing_date": "2026-01-14",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2026-01-14",
"unanimous": true
}
],
"is_correction": true,
"subject_company": {
"kbo": "0427.819.290",
"name_full": "A et M.J.",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Steven Praet",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"une exp\u00E9dition de l\u0027acte de modification des statuts",
"le texte actualis\u00E9 et coordonn\u00E9 des statuts"
],
"corrected_publication_numac": "136717"
}24-09-2024 Registered office moved from BRUXELLES to Molenbeek-Saint-Jean
- RUE DE L'AURORE 1A, 1000 BRUXELLES → Rue du Hoogbosch 98, 1080 Molenbeek-Saint-Jean
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Molenbeek-Saint-Jean",
"region": "Brussels",
"street": "Rue du Hoogbosch",
"country": "BE",
"postcode": "1080",
"box_number": null,
"street_number": "98"
},
"old_address": {
"city": "BRUXELLES",
"region": "Brussels",
"street": "RUE DE L\u0027AURORE",
"country": "BE",
"postcode": "1000",
"box_number": "5",
"street_number": "1A"
},
"effective_date": "2024-09-12",
"evidence_quote": "1. Transfert du si\u00E8ge social de la soci\u00E9t\u00E9 \u00E0 l\u0027adresse suivante \u00E0 dater du 12 septembre 2024: Rue du Hoogbosch 98 \u00E0 1080 Molenbeek-Saint-Jean."
}
],
"schema": "v3.2",
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},
"subject_company": {
"kbo": "0427.819.290",
"name_full": "A ET M.J. - GRAPHIC PRODUCTION",
"legal_form": "SPRL"
}
}22-12-2023 1 director appointed, 1 resigning
- Christiana KAKELBERGH — Bestuurder
- Pascal DEMEESTER — Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Pascal DEMEESTER",
"address": null,
"birth_date": null
},
"effective_date": "2023-12-10",
"evidence_quote": "L\u0027assembl\u00E9e accepte la d\u00E9mission, avec effet le 10 d\u00E9cembre 2023, de Monsieur Pascal DEMEESTER comme administrateur."
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Christiana KAKELBERGH",
"address": null,
"birth_date": null
},
"effective_date": "2023-12-10",
"evidence_quote": "L\u0027assembl\u00E9e nomme, avec effet au 10 d\u00E9cembre 2023, comme administrateur \u00E0 titre gratuit Madame Christiana KAKELBERGH qui accepte."
}
],
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"subject_company": {
"kbo": "0427.819.290",
"name_full": "A ET M.J. - GRAPHIC PRODUCTION",
"legal_form": "SPRL"
}
}12-01-2022 Registered office moved within Bruxelles
- RUE DE L'AURORE 1, 1000 BRUXELLES → Rue de l'Aurore 1, 1000 Bruxelles
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Bruxelles",
"region": "Brussels",
"street": "Rue de l\u0027Aurore",
"country": "BE",
"postcode": "1000",
"box_number": "5",
"street_number": "1"
},
"old_address": {
"city": "BRUXELLES",
"region": null,
"street": "RUE DE L\u0027AURORE",
"country": "BE",
"postcode": "1000",
"box_number": null,
"street_number": "1"
},
"effective_date": "2022-01-04",
"evidence_quote": "L\u0027Assembl\u00E9e acte le transfert du si\u00E8ge social \u00E0 l\u0027adresse suivante \u00E0 dater de ce jour: Rue de l\u0027Aurore 1 bte 5 \u00E0 1000 Bruxelles"
}
],
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"subject_company": {
"kbo": "0427.819.290",
"name_full": "A ET M.J. - GRAPHIC PRODUCTION",
"legal_form": "SPRL"
}
}22-10-2021 1 director appointed, 1 resigning
- Pascal DEMEESTER — Bestuurder
- Joël COPPENS — Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Jo\u00EBl COPPENS",
"address": null,
"birth_date": null
},
"effective_date": "2021-06-10",
"evidence_quote": "L\u0027assembl\u00E9e accepte la d\u00E9mission, avec effet le 10 juin 2021, la d\u00E9mission de Monsieur Jo\u00EBl COPPENS comme administrateur"
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Pascal DEMEESTER",
"address": null,
"birth_date": null
},
"effective_date": "2021-06-10",
"evidence_quote": "L\u0027assembl\u00E9e nomme avec effet au 10 juin 2021 comme nouvel actionnaire et un nouveau administrateur \u00E0 titre gratuit, appelle \u00E0 la fonction Monsieur Pascal DEMEESTER qui accepte."
}
],
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},
"subject_company": {
"kbo": "0427.819.290",
"name_full": "A ET M.J. - GRAPHIC PRODUCTION",
"legal_form": "SPRL"
}
}26-02-2020 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "share_transfer",
"amount": 180,
"currency": null,
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"amount_type": "onbekend",
"effective_date": "2020-02-05",
"evidence_quote": "L\u0027assembl\u00E9e consent \u00E0 l\u0027unanimit\u00E9 au transfert de : - 180 d\u0027actions d\u00E9tenues par Monsieur Philippe PIERRE",
"contribution_type": null
},
{
"kind": "share_transfer",
"amount": 1620,
"currency": null,
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"amount_type": "onbekend",
"effective_date": "2020-02-05",
"evidence_quote": "- 1.620 d\u0027actions d\u00E9tenues par Monsieur Philippe PIERRE",
"contribution_type": null
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0427.819.290",
"name_full": "A ET M.J. - GRAPHIC PRODUCTION",
"legal_form": "SPRL"
}
}08-10-2018 Registered office moved within Wavre
- CHAUSSEE DE WAVRE 144, 1300 WAVRE → Chaussée de Bruxelles 144, 1300 Wavre
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Wavre",
"region": "Waals",
"street": "Chauss\u00E9e de Bruxelles",
"country": "BE",
"postcode": "1300",
"box_number": "73",
"street_number": "144"
},
"old_address": {
"city": "WAVRE",
"region": "Waals",
"street": "CHAUSSEE DE WAVRE",
"country": "BE",
"postcode": "1300",
"box_number": "F02",
"street_number": "144"
},
"effective_date": "2018-07-01",
"evidence_quote": "Le g\u00E9rant de la Soci\u00E9t\u00E9 d\u00E9cide, avec effet \u00E0 compter du 1r juillet 2018, de transf\u00E9rer le si\u00E8ge de la Soci\u00E9t\u00E9 \u00E0 l\u0027adresse suivante: Chauss\u00E9e de Bruxelles 144 Bte 73 1300 Wavre"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0427.819.290",
"name_full": "A ET M.J. - GRAPHIC PRODUCTION",
"legal_form": "SPRL"
}
}23-07-2018 Registered office moved from BIERGES to Wavre
- RUE DE WAVRE 59, 1301 BIERGES → Chaussée de Bruxelles 144, 1300 Wavre
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Wavre",
"region": "Vlaams",
"street": "Chauss\u00E9e de Bruxelles",
"country": "BE",
"postcode": "1300",
"box_number": "F02",
"street_number": "144"
},
"old_address": {
"city": "BIERGES",
"region": "Vlaams",
"street": "RUE DE WAVRE",
"country": "BE",
"postcode": "1301",
"box_number": null,
"street_number": "59"
},
"effective_date": "2018-07-01",
"evidence_quote": "Le g\u00E9rant de la Soci\u00E9t\u00E9 d\u00E9cide, avec effet \u00E0 compter du 1r juillet 2018, de transf\u00E9rer le si\u00E8ge de la Soci\u00E9t\u00E9 \u00E0 l\u0027adresse suivante : Chauss\u00E9e de Bruxelles 144 F02 1300 Wavre"
}
],
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"subject_company": {
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"name_full": "A ET M.J. - GRAPHIC PRODUCTION",
"legal_form": "SPRL"
}
}27-09-2017 1 director appointed, 1 resigning
- Philippe Pierre — Gedelegeerd bestuurder
- Marc Mertens — Gedelegeerd bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "Marc Mertens",
"address": null,
"birth_date": null
},
"evidence_quote": "La d\u00E9charge et la d\u00E9mission de Monsieur Marc Mertens ont \u00E9t\u00E9 mises aux voix et ont \u00E9t\u00E9 adopt\u00E9es \u00E0 l\u0027unanimit\u00E9.",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "Philippe Pierre",
"address": null,
"birth_date": null
},
"evidence_quote": "La nomination de Monsieur Philippe Pierre, domicili\u00E9 rue de Wavre 59 \u00E0 1301 Bierges a \u00E9t\u00E9 mise aux voix et a \u00E9t\u00E9 adopt\u00E9e \u00E0 l\u0027unanimit\u00E9."
}
],
"schema": "v3.2",
"act_meta": {
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"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0427.819.290",
"name_full": "A ET M.J. - GRAPHIC PRODUCTION",
"legal_form": "SPRL"
}
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | A et M.J. |