A.J.E.C.
ActiveSummary
A.J.E.C. has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €204,755 and a net result of €7,542. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 62% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+21
Solvency83▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 2.24 against 2.28 in 2024; short-term debt: 13.6% and cash: 29.2% of total assets), and 42.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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
57.8%
Return on assets
2.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
35 d early
2023
1 d early
2022
on the day
2021
30 d early
2020
1 d early
2019
29 d late
← 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 6 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€204,755▲ 3.8%
2024 · €197,213
Total assets
€354,483▼ 1.7%
2024 · €360,727
Net result
€7,542▲ 179%
2024 · €2,707
Working capital
€59,617▲ 2.7%
2024 · €58,058
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,899▼ 87.9%€17,452▲ 502%€789▼ 95.5%€6,109▲ 675%€13,317▲ 118%
Net result-€2,620below the sector's middle half-€1,332below the sector's middle half▲ 49.2%-€4,539below the sector's middle half▼ 241%€2,707within the sector's middle half€7,542within the sector's middle half▲ 179%
Equity€200,377above the sector's middle half▼ 1.3%€199,045above the sector's middle half▼ 0.7%€194,506above the sector's middle half▼ 2.3%€197,213above the sector's middle half▲ 1.4%€204,755above the sector's middle half▲ 3.8%
Total assets€405,259above the sector's middle half▼ 7.1%€399,446above the sector's middle half▼ 1.4%€391,814above the sector's middle half▼ 1.9%€360,727above the sector's middle half▼ 7.9%€354,483above the sector's middle half▼ 1.7%
Debt€204,882▼ 11.3%€200,401▼ 2.2%€197,308▼ 1.5%€163,514▼ 17.1%€149,728▼ 8.4%
Working capital€69,575within the sector's middle half▼ 7.0%€73,408within the sector's middle half▲ 5.5%€63,894within the sector's middle half▼ 13.0%€58,058within the sector's middle half▼ 9.1%€59,617within the sector's middle half▲ 2.7%
Solvency49.4%within the sector's middle half▲ 2.9pp49.8%within the sector's middle half▲ 0.4pp49.6%within the sector's middle half▼ 0.2pp54.7%within the sector's middle half▲ 5.0pp57.8%within the sector's middle half▲ 3.1pp
Current ratio2.41within the sector's middle half▲ 0.202.52within the sector's middle half▲ 0.112.06within the sector's middle half▼ 0.472.28within the sector's middle half▲ 0.222.24within the sector's middle half▼ 0.04
Return on assets (ROA)-0.6%below the sector's middle half▼ 3.3pp-0.3%below the sector's middle half▲ 0.3pp-1.2%below the sector's middle half▼ 0.8pp0.8%within the sector's middle half▲ 1.9pp2.1%within the sector's middle half▲ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 118% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €354,483
Fixed assets
€246,812 ▼ 4.1%
Current assets
€107,671 ▲ 4.2%
Equity and liabilities €354,483
Equity
€204,755 ▲ 3.8%
Debt
€149,728 ▼ 8.4%
Debt's share of the balance-sheet total falls from 45.3% to 42.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,861▲
2024 · €16,346
Cash flow
€18,086▲
2024 · €12,943
Debt to equity
0.73▼
2024 · 0.83
ROE
3.7%▲
2024 · 1.4%
Interest coverage
6.00▲
2024 · 3.66
Debt ≤ 1 year
€48,053▲
2024 · €45,312
Debt > 1 year
€101,675▼
2024 · €118,202
Income taxes
€2,102▲
2024 · €2,019
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 10,905 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 | €13,417 | €10,288 | €10,285 | €10,236 | €10,544 | ▲ 3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4,242 | €4,536 | -€15,345 | - | - |
| Other operating charges640/8 | - | €3,651 | €4,251 | €17,186 | €168 | ▼ 99.0% |
| Gross operating margin9900 | €18,141 | €35,633 | €19,861 | €18,187 | €24,029 | ▲ 32.1% |
| Operating profit (loss)9901 | €2,899 | €17,452 | €789 | €6,109 | €13,317 | ▲ 118% |
| Financial income75/76B | - | €618 | €95 | €3,207 | €306 | ▼ 90.5% |
| Recurring financial income75 | €88 | €618 | €95 | €1,522 | €306 | ▼ 79.9% |
| Non-recurring financial income76B | - | - | - | €1,684 | - | - |
| Financial charges65/66B | - | €18,619 | €5,400 | €4,590 | €3,979 | ▼ 13.3% |
| Recurring financial charges65 | €11,216 | €8,150 | €5,275 | €4,471 | €3,979 | ▼ 11.0% |
| Non-recurring financial charges66B | - | €10,469 | €125 | €119 | - | - |
| Profit (loss) for the period before taxes9903 | -€1,763 | -€549 | -€4,517 | €4,726 | €9,644 | ▲ 104% |
| Income taxes67/77 | €857 | €783 | €22 | €2,019 | €2,102 | ▲ 4.1% |
| Profit (loss) for the period9904 | -€2,620 | -€1,332 | -€4,539 | €2,707 | €7,542 | ▲ 179% |
| Profit (loss) for the period to be appropriated9905 | -€2,620 | -€1,332 | -€4,539 | €2,707 | €7,542 | ▲ 179% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €405,259 | €399,446 | €391,814 | €360,727 | €354,483 | ▼ 1.7% |
| Fixed assets21/28 | €286,486 | €277,878 | €267,593 | €257,357 | €246,812 | ▼ 4.1% |
| Tangible fixed assets22/27 | €286,486 | €277,878 | €267,593 | €257,357 | €246,812 | ▼ 4.1% |
| Land and buildings22 | - | €274,308 | €265,143 | €255,978 | €246,812 | ▼ 3.6% |
| Plant, machinery and equipment23 | - | €3,569 | €2,450 | €1,379 | - | - |
| Current assets29/58 | €118,773 | €121,568 | €124,221 | €103,370 | €107,671 | ▲ 4.2% |
| Amounts receivable within one year40/41 | €69,520 | €38,362 | €43,512 | €28,360 | €4,213 | ▼ 85.1% |
| Trade receivables40 | - | €38,146 | €43,290 | €27,103 | €4,213 | ▼ 84.5% |
| Other amounts receivable41 | - | €216 | €223 | €1,257 | - | - |
| Cash at bank and in hand54/58 | €48,100 | €82,024 | €79,337 | €73,350 | €103,457 | ▲ 41.0% |
| Deferred charges and accrued income490/1 | - | €1,183 | €1,372 | €1,660 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €405,259 | €399,446 | €391,814 | €360,727 | €354,483 | ▼ 1.7% |
| Equity10/15 | €200,377 | €199,045 | €194,506 | €197,213 | €204,755 | ▲ 3.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Revaluation surpluses12 | - | €135,468 | €130,983 | €126,498 | €126,498 | = |
| Reserves13 | €54,223 | €57,377 | €57,323 | €64,515 | €64,515 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €55,517 | €55,463 | €64,515 | €64,515 | = |
| Profit (loss) carried forward14 | - | - | - | - | €7,542 | - |
| Amounts payable17/49 | €204,882 | €200,401 | €197,308 | €163,514 | €149,728 | ▼ 8.4% |
| Amounts payable after more than one year17 | €155,684 | €152,228 | €136,968 | €118,202 | €101,675 | ▼ 14.0% |
| Financial debts170/4 | - | €147,958 | €132,030 | €115,634 | €98,756 | ▼ 14.6% |
| Other amounts payable178/9 | - | €4,271 | €4,938 | €2,568 | €2,919 | ▲ 13.7% |
| Amounts payable within one year42/48 | €49,198 | €48,160 | €60,327 | €45,312 | €48,053 | ▲ 6.0% |
| Current portion of amounts payable after more than one year42 | - | €15,473 | €15,928 | €16,396 | €16,878 | ▲ 2.9% |
| Trade debts44 | €34,306 | €29,635 | €39,158 | €23,952 | €20,679 | ▼ 13.7% |
| Suppliers440/4 | - | €29,635 | €39,158 | €23,952 | €20,679 | ▼ 13.7% |
| Taxes, remuneration and social security45 | - | €818 | €1,181 | €2,000 | €5,540 | ▲ 177% |
| Taxes450/3 | - | €818 | €1,181 | €2,000 | €5,540 | ▲ 177% |
| Other amounts payable47/48 | - | €2,234 | €4,060 | €2,965 | €4,957 | ▲ 67.2% |
| Accrued charges and deferred income492/3 | - | €12 | €12 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,620 | -€1,332 | -€4,539 | €2,707 | €7,542 | ▲ 179% |
| + Depreciation and write-downs630 | €13,417 | €10,288 | €10,285 | €10,236 | €10,544 | ▲ 3.0% |
| Operating cash flow (approximation) | €10,797 | €8,956 | €5,746 | €12,943 | €18,086 | ▲ 39.7% |
| Investment in fixed assets (approximation) | - | -€1,680 | €0 | €0 | €0 | - |
| Change in cash | - | €33,924 | -€2,687 | -€5,987 | €30,107 | ▲ 603% |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Equity above €200,000Eq €204,755 ▲3.8%
2 profitable years in a row build equity to €204,755.
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €2,707
Net result €2,707 after 3 loss-making years.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €11,465 ▲26.4%
Operating result €23,953, net result €11,465, both a record.
30-09
Financial
Equity above €200,000Eq €202,996 ▲6%
2 profitable years in a row build equity to €202,996.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
30-09
Financial
Back to profitnet €9,067
Net result €9,067 after one loss-making year.
Show earlier events
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Charleroi · 1 establishment unit since 2007
Ground area
2,179 m²
Building footprint
319 m²
Volume, LiDAR
1,283 m³
2 parcels, Wallonia · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SPRL AJEC
since 20072.165.569.639
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52061B0037/00V009 | Wallonia | 1,542 m² | 1 · 261 m² | 12.0 m · 1 fl. |
| 52362F0130/00T002 | Wallonia | 638 m² | 1 · 58 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 8,576 companies in sector 43410 we hold annual accounts for 4,368. 3,600 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
Founded03-10-2007
Fiscal year end30-09
Activities, NACEBEL 2025
43410Roofing work
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
Phone
071353834Charleroi
E-invoicing
Reachable via Peppol
Peppol ID
0208:0892501453
Also
9925:BE0892501453
Registered
24-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.