A&H Minerals
ActiveSummary
A&H Minerals has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-4.33M) and a net result of €-1.17M. Equity is shrinking by ~43.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 285 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
29
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-33
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.16 in 2024; short-term debt: 65.3% and cash: 0.2% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
-50.2%
Return on assets
-13.5%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-4.33M
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 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
20 d early
2022
24 d late
2021
18 d early
2020
74 d late
2019
76 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-1.17M
2024 · €102k
2019: €-684k
2020: €-783k
2021: €-1.57M
2022: €-847k
2023: €-1.34M
2024: €102k
2019 → 2025
Working capital
€-4.86M▲ 9.9%
2024 · €-5.39M
2019: €1.29M
2020: €1.17M
2021: €329k
2022: €-620k
2023: €-5.10M
2024: €-5.39M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-1.04M-€-1.89M▼ 81.5%€-3.23M▼ 71.2%€-3.13M▲ 3.2%€-4.33M▼ 38.5%
Operating result€-1.20M-€-388k▲ 67.7%€-666k▼ 71.5%€800k€-490k
Net result€-1.57M-€-847k▲ 46.1%€-1.34M▼ 58.6%€102k€-1.17M
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €490k after €800k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.63M
Fixed assets
€7.86M ▼ 4.9%
Current assets
€777k ▼ 23.1%
Key figures and ratios
EBITDA
€173k▼
2024 · €1.41M
Cash flow
€-506k▼
2024 · €713k
Solvency
-50.2%▼
2024 · -33.7%
Current ratio
0.14▼
2024 · 0.16
Quick ratio
0.05▼
2024 · 0.06
Debt to equity
-2.97▲
2024 · -3.96
ROA
-13.5%▼
2024 · 1.1%
Interest coverage
0.25▼
2024 · 2.02
Debt
€12.85M▲
2024 · €12.40M
Debt ≤ 1 year
€5.64M▼
2024 · €6.40M
Debt > 1 year
€7.21M▲
2024 · €5.29M
Income taxes
€0▼
2024 · €399
Staff costs
€101k▲
2024 · €94k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9.27M€8.63M▼
Fixed assets21/28€8.26M€7.86M▼
Intangible fixed assets21-€2k
Tangible fixed assets22/27€8.26M€7.86M▼
Plant, machinery and equipment23€3.58M€3.51M▼
Furniture and vehicles24€3k€4k▲
Leasing and similar rights25€4.56M€4.22M▼
Other tangible fixed assets26€115k€117k▲
Financial fixed assets28€60€60=
Current assets29/58€1.01M€777k▼
Stocks and contracts in progress3€604k€493k▼
Stocks30/36€604k€493k▼
Amounts receivable within one year40/41€369k€122k▼
Trade receivables40€216k€11k▼
Other amounts receivable41€153k€110k▼
Cash at bank and in hand54/58€5k€21k▲
Deferred charges and accrued income490/1€33k€142k▲
Equity and liabilities
Total equity and liabilities10/49€9.27M€8.63M▼
Equity10/15€-3.13M€-4.33M▼
Contributions10/11€2.00M€2.00M=
Capital10€2.00M€2.00M=
Issued capital100€2.00M€2.00M=
Profit (loss) carried forward14€-5.13M€-6.33M▼
Provisions and deferred taxes16-€116k
Provisions for liabilities and charges160/5-€116k
Other liabilities and charges164/5-€116k
Amounts payable17/49€12.40M€12.85M▲
Amounts payable after more than one year17€5.29M€7.21M▲
Financial debts170/4€5.29M€6.28M▲
Other amounts payable178/9-€938k
Amounts payable within one year42/48€6.40M€5.64M▼
Current portion of amounts payable after more than one year42€3.81M€3.45M▼
Financial debts43€1.00M€997k▼
Credit institutions430/8€1.00M€997k▼
Trade debts44€1.16M€1.09M▼
Suppliers440/4€1.16M€1.09M▼
Taxes, remuneration and social security45€24k€43k▲
Taxes450/3€4k€20k▲
Remuneration and social security454/9€19k€23k▲
Other amounts payable47/48€414k€60k▼
Accrued charges and deferred income492/3€708k€0▼
Income statement
Code20242025
Non-recurring operating income76A€1.04M€7k▼
Remuneration, social security and pensions62€94k€101k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€612k€663k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€39k
Other operating charges640/8€5k€509▼
Non-recurring operating charges66A€163k€170k▲
Gross operating margin9900€1.67M€483k▼
Operating profit (loss)9901€800k€-490k▼
Financial income75/76B€21€718▲
Recurring financial income75€21€718▲
Financial charges65/66B€697k€679k▼
Recurring financial charges65€697k€679k▼
Profit (loss) for the period before taxes9903€102k€-1.17M▼
Income taxes67/77€399€0▼
Profit (loss) for the period9904€102k€-1.17M▼
Profit (loss) for the period to be appropriated9905€102k€-1.17M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5.13M€-6.33M▼
Profit (loss) brought forward from the previous period14P€-5.23M€-5.17M▲
Social balance
Average headcount (FTE)90871.00.0▼
The notes to these accounts (29 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €102k
Net result €102k after 5 loss-making years.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-1.57M
Net result drops to €-1.57M, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 74 days late
2020
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 76 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Maldegem · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industrielaan 119990 MaldegemGround area
1.9 ha
Building footprint
9,051 m²
Volume, LiDAR
64,541 m³
Parcel 43010C0138/00E000, Flanders · tallest building 14.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
A&H Minerals
since 20182.282.360.015
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010C0138/00E000 | Flanders | 1.9 ha | 1 · 9,051 m² | 14.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
ALBECOR
BE 0810.571.887
Mol · Eq €30k
SPITS
BE 0427.804.147
Maldegem · Eq €20k
MORPHA MINERA
BE 0667.603.488
Frasnes-lez-Anvaing · Eq €19k
OMNEX
BE 0685.567.789
Ottignies-Louvain-la-Neuve · Eq €62k
MARKING SOLUTIONS
BE 0661.582.065
Wortegem-Petegem · Eq €75k
Of 62 companies in sector 23990 we hold annual accounts for 51. 12 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
23990Manufacture of other non-metallic mineral products
32990Other manufacturing not elsewhere classified
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:dominique.de.cock@ah-minerals.com