A.M.M. DIFFUSION
ActiveSummary
A.M.M. DIFFUSION has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€26,437) and a net result of €6,491. Equity has been shrinking by about 60% per year since 2019. Its solvency ranks better than 15% of 22,793 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-03-2014 Normal situation
- Activity
- Retail sale of women's outerwear NACE 47711and 4 others
- Establishment unit
- 2.228.720.302 8660 De Panne, since 10-04-2014
- Financial year end
- 30 September
- Peppol
- Reachable since 02-10-2025
Board and ownership
Board
- Mezine AmarDirector · since 18-03-2014
- Mezine MehdiDirector · since 18-03-2014
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
Annual accounts to 30-09-2025
- Gross margin
- €18,371
- ▲ 227%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €6,491
- Equity
- -€26,437
- ▲ 19.7%
- Total assets
- €102,055
- ▼ 9.7%
- Negative equity on 30-09-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€26,437Sector: Retail trade (NACE 47)lowers riskSize: total assets €102,055Founded in 2014Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 40% of micro companies in retail trade (NACE 47)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
0=
equity -25.9% of total assets
Liquidity
18+11
short-term debt 124.0% · cash 14.1%
Profitability
77+47
return on assets 6.4%
Bankruptcy probability within 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.1%
01-2025: 2.2%▲ +0.1 percentage points vs 12-2024highest value
02-2025: 2.1%▼ -0.1 percentage points vs 01-2025
03-2025: 2.0%▼ -0.1 percentage points vs 02-2025
04-2025: 1.2%▼ -0.8 percentage points vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.1%▼ -0.1 percentage points vs 06-2025
08-2025: 1.1%● unchanged vs 07-2025
09-2025: 1.1%● unchanged vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.0%▼ -0.1 percentage points vs 12-2025
02-2026: 0.9%▼ -0.1 percentage points vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.6%▼ -0.3 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.66 (0.62 in 2024), below 1. Short-term debt is 124% and cash 14.1% of total assets. Equity is negative.
Calculation
The band follows from the bankruptcy probability. 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 47, micro). It does better than 6% of them on solvency, 16% on liquidity, 65% on profitability and 72% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 22793 sector peers (2025).
NBB · sector comparisonPosition among 22793 sector peers
Solvency
better than 15%
← weakest
strongest →
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 26-03-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
33 days early
2023
33 days early
2022
2 days early
2021
32 days early
2020
43 days early
2019
11 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 29 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end04-11-2026 today30-04-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 26-03-2026 PDF all 11 filings
Turnover
≈ €190,000
Estimated: probably between €70,000 and €410,000
Total assets
€102,055▼ 9.7%
2024 · €113,052
Net result
€6,491
2024 · -€7,540
Working capital
-€43,562▲ 15.4%
2024 · -€51,479
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€7,876
2025
20192025
Net result
€6,491
2025
middle half of the sector
20192025
Equity
-€26,437
▲ 19.7%
2025
lowest quarter of the sector
20192025
Total assets
€102,055
▼ 9.7%
2025
middle half of the sector
20192025
Debt
€128,493
▼ 12.0%
2025
20192025
Working capital
-€43,562
▲ 15.4%
2025
lowest quarter of the sector
20192025
Solvency
-25.9%
▲ 3.2pp
2025
lowest quarter of the sector
20192025
Current ratio
0.66
▲ 0.03
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
6.4%
▲ 13.0pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€9,861--€1,430-€9,355▼ 554%-€8,271▲ 11.6%-€16,746▼ 102%-€6,520▲ 61.1%€7,876
Net result€6,715-€6,645within the sector's middle half▼ 1.0%-€8,084below the sector's middle half-€9,287below the sector's middle half▼ 14.9%-€21,077below the sector's middle half▼ 127%-€7,540below the sector's middle half▲ 64.2%€6,491within the sector's middle half
Equity€6,415-€13,060within the sector's middle half▲ 104%€4,976below the sector's middle half▼ 61.9%-€4,311below the sector's middle half-€25,388below the sector's middle half▼ 489%-€32,928below the sector's middle half▼ 29.7%-€26,437below the sector's middle half▲ 19.7%
Total assets€128,190-€141,371within the sector's middle half▲ 10.3%€116,222within the sector's middle half▼ 17.8%€152,108within the sector's middle half▲ 30.9%€130,955within the sector's middle half▼ 13.9%€113,052within the sector's middle half▼ 13.7%€102,055within the sector's middle half▼ 9.7%
Debt€121,775-€128,311▲ 5.4%€111,246▼ 13.3%€156,419▲ 40.6%€156,344=€145,980▼ 6.6%€128,493▼ 12.0%
Working capital-€319-€12,969within the sector's middle half-€5,622within the sector's middle half€5,997within the sector's middle half-€45,703below the sector's middle half-€51,479below the sector's middle half▼ 12.6%-€43,562below the sector's middle half▲ 15.4%
Solvency5.0%-9.2%within the sector's middle half▲ 4.2pp4.3%below the sector's middle half▼ 5.0pp-2.8%below the sector's middle half▼ 7.1pp-19.4%below the sector's middle half▼ 16.6pp-29.1%below the sector's middle half▼ 9.7pp-25.9%below the sector's middle half▲ 3.2pp
Current ratio1.00-1.13within the sector's middle half▲ 0.130.94within the sector's middle half▼ 0.181.04within the sector's middle half▲ 0.100.67below the sector's middle half▼ 0.370.62below the sector's middle half▼ 0.050.66below the sector's middle half▲ 0.03
Return on assets (ROA)5.2%-4.7%within the sector's middle half▼ 0.5pp-7.0%below the sector's middle half▼ 11.7pp-6.1%below the sector's middle half▲ 0.9pp-16.1%below the sector's middle half▼ 10.0pp-6.7%below the sector's middle half▲ 9.4pp6.4%within the sector's middle half▲ 13.0pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €7,876, after a loss of €6,520 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102,055
Fixed assets
€19,093 ▼ 32.2%
Current assets
€82,962 ▼ 2.3%
Equity and liabilities
Equity-€26,437
Debt€128,493
Equity is negative. Debt (€128,493) exceeds the balance-sheet total (€102,055).
Key figures and ratios
EBITDA
€16,962▲
2024 · €2,567
Cash flow
€15,577▲
2024 · €1,547
Quick ratio
0.12▲
2024 · 0.06
Interest coverage
19.64▲
2024 · 2.36
Debt ≤ 1 year
€126,523▼
2024 · €136,351
Debt > 1 year
€1,969▼
2024 · €9,628
Income taxes
€522
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €45,431 | - | - |
| Depreciation and write-downs of the year | - | €8,165 | €9,086 | €9,086 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €2,000 awarded · €2,000 paidSchemes
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €220 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €6,288 | - | €387 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,168 | €5,519 | - | €8,165 | €9,086 | €9,086 | = |
| Other operating charges640/8 | - | - | - | €1,471 | €469 | €2,660 | €1,409 | ▼ 47.0% |
| Non-recurring operating charges66A | - | - | - | €7,406 | - | - | - | - |
| Gross operating margin9900 | €10,231 | €913 | -€2,346 | €6,894 | -€8,112 | €5,613 | €18,371 | ▲ 227% |
| Operating profit (loss)9901 | €9,861 | -€1,430 | -€9,355 | -€8,271 | -€16,746 | -€6,520 | €7,876 | - |
| Financial income75/76B | - | - | - | €121 | - | €66 | €1 | ▼ 99.1% |
| Recurring financial income75 | - | €8,800 | €2,541 | €121 | - | €66 | €1 | ▼ 99.1% |
| Financial charges65/66B | - | - | - | €884 | €3,968 | €1,086 | €864 | ▼ 20.4% |
| Recurring financial charges65 | €102 | €434 | €1,067 | €884 | €1,906 | €1,086 | €864 | ▼ 20.4% |
| Non-recurring financial charges66B | - | - | - | - | €2,062 | - | - | - |
| Profit (loss) for the period before taxes9903 | €9,759 | €6,936 | -€7,881 | -€9,034 | -€20,714 | -€7,540 | €7,012 | - |
| Income taxes67/77 | €3,044 | €290 | €203 | €253 | €363 | - | €522 | - |
| Profit (loss) for the period9904 | €6,715 | €6,645 | -€8,084 | -€9,287 | -€21,077 | -€7,540 | €6,491 | - |
| Profit (loss) for the period to be appropriated9905 | €6,715 | €6,645 | -€8,084 | -€9,287 | -€21,077 | -€7,540 | €6,491 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €128,190 | €141,371 | €116,222 | €152,108 | €130,955 | €113,052 | €102,055 | ▼ 9.7% |
| Fixed assets21/28 | €6,734 | €25,822 | €20,906 | - | €37,266 | €28,180 | €19,093 | ▼ 32.2% |
| Tangible fixed assets22/27 | €6,734 | €25,822 | €20,906 | - | €37,266 | €28,180 | €19,093 | ▼ 32.2% |
| Furniture and vehicles24 | - | - | - | - | €37,266 | €28,180 | €19,093 | ▼ 32.2% |
| Current assets29/58 | €121,456 | €115,549 | €95,316 | €152,108 | €93,690 | €84,872 | €82,962 | ▼ 2.3% |
| Stocks and contracts in progress3 | €104,650 | €93,550 | €79,700 | €85,162 | €86,580 | €77,230 | €67,250 | ▼ 12.9% |
| Stocks30/36 | - | - | - | €85,162 | €86,580 | €77,230 | €67,250 | ▼ 12.9% |
| Amounts receivable within one year40/41 | €5,855 | €298 | €5,412 | €43,792 | €4,315 | €1,690 | €1,298 | ▼ 23.2% |
| Trade receivables40 | - | - | - | €43,507 | €915 | €1,500 | €786 | ▼ 47.6% |
| Other amounts receivable41 | - | - | - | €286 | €3,399 | €190 | €513 | ▲ 170% |
| Cash at bank and in hand54/58 | €10,951 | €21,702 | €10,205 | €23,153 | €2,795 | €5,952 | €14,413 | ▲ 142% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €128,190 | €141,371 | €116,222 | €152,108 | €130,955 | €113,052 | €102,055 | ▼ 9.7% |
| Equity10/15 | €6,415 | €13,060 | €4,976 | -€4,311 | -€25,388 | -€32,928 | -€26,437 | ▲ 19.7% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,543 | €1,543 | €1,543 | €1,543 | €1,543 | €1,543 | €1,543 | = |
| Non-distributable reserves130/1 | - | - | - | €1,543 | €1,543 | €1,543 | €1,543 | = |
| Reserves not available under the articles1311 | - | - | - | €1,543 | €1,543 | €1,543 | €1,543 | = |
| Profit (loss) carried forward14 | -€1,328 | €5,317 | -€2,767 | -€12,054 | -€33,132 | -€40,671 | -€34,181 | ▲ 16.0% |
| Amounts payable17/49 | €121,775 | €128,311 | €111,246 | €156,419 | €156,344 | €145,980 | €128,493 | ▼ 12.0% |
| Amounts payable after more than one year17 | - | €25,730 | €10,308 | €10,308 | €16,951 | €9,628 | €1,969 | ▼ 79.5% |
| Financial debts170/4 | - | - | - | €10,308 | €16,951 | €9,628 | €1,969 | ▼ 79.5% |
| Amounts payable within one year42/48 | €121,775 | €102,581 | €100,938 | €146,111 | €139,393 | €136,351 | €126,523 | ▼ 7.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €7,001 | €7,323 | €7,659 | ▲ 4.6% |
| Trade debts44 | €62,040 | €17,515 | €13,352 | €59,971 | €27,898 | €22,048 | €20,571 | ▼ 6.7% |
| Suppliers440/4 | - | - | - | €59,971 | €27,898 | €22,048 | €20,571 | ▼ 6.7% |
| Taxes, remuneration and social security45 | - | - | - | €8,640 | €9,883 | €7,777 | €10,488 | ▲ 34.9% |
| Taxes450/3 | - | - | - | €8,640 | €9,883 | €7,777 | €10,488 | ▲ 34.9% |
| Other amounts payable47/48 | - | - | - | €77,500 | €94,611 | €99,204 | €87,805 | ▼ 11.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,715 | €6,645 | -€8,084 | -€9,287 | -€21,077 | -€7,540 | €6,491 | - |
| + Depreciation and write-downs630 | - | €1,168 | €5,519 | - | €8,165 | €9,086 | €9,086 | = |
| Operating cash flow (approximation) | €6,715 | €7,814 | -€2,566 | -€9,287 | -€12,912 | €1,547 | €15,577 | ▲ 907% |
| Investment in fixed assets (approximation) | - | -€20,256 | -€603 | - | - | €0 | €0 | - |
| Change in cash | - | €10,750 | -€11,497 | €12,949 | -€20,358 | €3,157 | €8,462 | ▲ 168% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,632 companies had the same profile as A.M.M. DIFFUSION has now. Two years later, 91.9% were still going and 2.9% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
91.9%
was still going
4.8%
stopped otherwise
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of A.M.M. DIFFUSION itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,632 companies, not a prediction for A.M.M. DIFFUSION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 26-03-2026 | 2026-00064749 | |
| 30-09-2024 | micro format | 28-03-2025 | 2025-00058726 | |
| 30-09-2023 | micro format | 28-03-2024 | 2024-00055742 | |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00071046 | |
| 30-09-2021 | micro format | 29-03-2022 | 2022-08900486 | |
| 30-09-2020 | micro format | 18-03-2021 | 2021-07800375 | |
| 30-09-2019 | micro format | 11-05-2020 | 2020-11900106 | |
| 30-09-2018 | micro format | 15-05-2019 | 2019-13300305 | |
| 30-09-2017 | micro format | 02-05-2018 | 2018-11800083 | |
| 30-09-2016 | abbreviated format | 16-05-2017 | 2017-12300208 |
Board & ownership
Directors
Directors
2 directors
Mezine Amar
Current
Mezine Mehdi
Current
Owners and capital
Owners
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Mezine Amar |
|
| Mezine Mehdi |
|
Network & group
A.M.M. DIFFUSION shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of A.M.M. DIFFUSION. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
26-03
micro format · 35 days before the deadline
2025
30-09
Financial
Back to profitnet €6,491
The net result is €6,491, after 4 loss-making years.
28-03
micro format · 33 days before the deadline
2024
28-03
micro format · 33 days before the deadline
2023
30-09
Financial
Weakest financial yearnet -€21,077
The net result drops to -€21,077, the lowest from 2019 to 2025. It recovers the following year.
28-04
micro format · 2 days before the deadline
2022
29-03
micro format · 32 days before the deadline
2021
18-03
micro format · 43 days before the deadline
2020
11-05
micro format · 11 days late
2019
15-05
micro format · 15 days late
2018
02-05
micro format · 2 days late
2017
16-05
abbreviated format · 16 days late
2014
31-03
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
A.M.M. DIFFUSION in Dutch
Enterprise number
0548.675.154
Legal form
Private limited company (pre-2019)
Status
Active, normale toestand
Founded
18-03-2014
Entity type
Legal entity
Registered office and establishments
Registered office
Zeelaan 159, 8660 De Panne, Belgium
Establishment unit
COMPTOIRE DES MARQUES, Zeelaan 159, 8660 De Panne since 10-04-2014 · unit number 2.228.720.302
Activities
NACEBEL 202547711
Retail sale of women's outerwear main activity
47712
Retail trade
47714
Retail trade
47721
Retail sale of footwear
47722
Retail trade
Codes under NACEBEL 2008
47711
Retail trade main activity
47712
Retail trade
47714
Retail trade
47721
Retail trade
47722
Retail trade
Invoicing and payment
VAT number
BE 0548.675.154
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Sites & property
Location
Buildings and parcels at the address
Ground area
152 m²
Building footprint
147 m²
Building volume
2,545 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 38352E0548/00_000 | Flanders | 152 m² | 1 · 147 m² | 26.9 m · 7 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.