A41
ActiveSummary
The annual accounts of A41 for fiscal year 2025 show a net loss of 191% of total assets and of 74% of the equity at the start of that year. The 2025 annual accounts show equity of €8,500 and a net result of -€23,960. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency93▼-7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit 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 2.64; short-term debt: 29% and cash: 7.5% of total assets), and 32.4% 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 · 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
67.6%
Return on assets
-190.5%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€23,960
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 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
2 d early
2021
30 d early
2020
32 d early
2019
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 10 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€8,500▼ 73.8%
2024 · €32,460
Total assets
€12,576▼ 61.9%
2024 · €33,010
Net result
-€23,960▲ 29.5%
2024 · -€33,964
Working capital
€5,995▼ 76.5%
2024 · €25,527
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
Operating result€62,001▲ 18.4%-€1,521-€13,853▼ 811%-€33,936▼ 145%-€23,518▲ 30.7%
Net result€42,995▼ 11.6%-€1,952-€13,899▼ 612%-€33,964▼ 144%-€23,960▲ 29.5%
Equity€82,276▲ 109%€80,324▼ 2.4%€66,424▼ 17.3%€32,460▼ 51.1%€8,500▼ 73.8%
Total assets€111,741▲ 101%€85,542▼ 23.4%€68,785▼ 19.6%€33,010▼ 52.0%€12,576▼ 61.9%
Debt€29,466▲ 81.6%€5,219▼ 82.3%€2,360▼ 54.8%€550▼ 76.7%€4,075▲ 641%
Working capital€69,819▲ 118%€63,280▼ 9.4%€54,891▼ 13.3%€25,527▼ 53.5%€5,995▼ 76.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,518 in 2025 against €33,936 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12,576
Fixed assets
€2,930 ▼ 60.2%
Current assets
€9,646 ▼ 62.4%
Equity and liabilities €12,576
Equity
€8,500 ▼ 73.8%
Debt
€4,075 ▲ 641%
Debt's share of the balance-sheet total rises from 1.7% to 32.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€19,090▲
2024 · -€29,336
Cash flow
-€19,532▲
2024 · -€29,364
Current ratio
2.64
Debt to equity
0.48▲
2024 · 0.02
ROE
-281.9%▼
2024 · -104.6%
ROA
-190.5%▼
2024 · -102.9%
Interest coverage
-22.82▲
2024 · -48.87
Debt ≤ 1 year
€3,650▲
2024 · €125
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €141 | €25,165 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,793 | €3,916 | €4,833 | €4,600 | €4,428 | ▼ 3.7% |
| Other operating charges640/8 | - | €405 | €648 | €384 | €387 | ▲ 0.8% |
| Non-recurring operating charges66A | - | €4,415 | €0 | - | - | - |
| Gross operating margin9900 | €65,933 | €7,215 | -€8,372 | -€28,951 | -€18,702 | ▲ 35.4% |
| Operating profit (loss)9901 | €62,001 | -€1,521 | -€13,853 | -€33,936 | -€23,518 | ▲ 30.7% |
| Financial income75/76B | - | €464 | €305 | €572 | €395 | ▼ 31.0% |
| Recurring financial income75 | €90 | €464 | €305 | €572 | €395 | ▼ 31.0% |
| Financial charges65/66B | - | €663 | €352 | €600 | €837 | ▲ 39.4% |
| Recurring financial charges65 | €495 | €663 | €352 | €600 | €837 | ▲ 39.4% |
| Profit (loss) for the period before taxes9903 | €61,596 | -€1,720 | -€13,899 | -€33,964 | -€23,960 | ▲ 29.5% |
| Income taxes67/77 | €18,601 | €232 | €0 | - | - | - |
| Profit (loss) for the period9904 | €42,995 | -€1,952 | -€13,899 | -€33,964 | -€23,960 | ▲ 29.5% |
| Profit (loss) for the period to be appropriated9905 | €42,995 | -€1,952 | -€13,899 | -€33,964 | -€23,960 | ▲ 29.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €111,741 | €85,542 | €68,785 | €33,010 | €12,576 | ▼ 61.9% |
| Fixed assets21/28 | €12,881 | €17,468 | €11,959 | €7,358 | €2,930 | ▼ 60.2% |
| Tangible fixed assets22/27 | €12,881 | €17,468 | €11,959 | €7,358 | €2,930 | ▼ 60.2% |
| Plant, machinery and equipment23 | - | €7,752 | €6,398 | €3,432 | €635 | ▼ 81.5% |
| Furniture and vehicles24 | - | €4,613 | €518 | €258 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €5,103 | €5,043 | €3,668 | €2,294 | ▼ 37.5% |
| Current assets29/58 | €98,860 | €68,074 | €56,826 | €25,652 | €9,646 | ▼ 62.4% |
| Amounts receivable within one year40/41 | €23,688 | €11,168 | €15,848 | €6,184 | €8,702 | ▲ 40.7% |
| Trade receivables40 | - | €2,040 | €0 | - | - | - |
| Other amounts receivable41 | - | €9,128 | €15,848 | €6,184 | €8,702 | ▲ 40.7% |
| Cash at bank and in hand54/58 | €75,172 | €56,905 | €40,978 | €19,468 | €944 | ▼ 95.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €111,741 | €85,542 | €68,785 | €33,010 | €12,576 | ▼ 61.9% |
| Equity10/15 | €82,276 | €80,324 | €66,424 | €32,460 | €8,500 | ▼ 73.8% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €59,975 | €59,975 | €59,975 | €59,975 | €59,975 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | - | €14,979 | €14,979 | €14,979 | €14,979 | = |
| Distributable reserves133 | - | €42,995 | €42,995 | €42,995 | €42,995 | = |
| Profit (loss) carried forward14 | €2,301 | €349 | -€13,550 | -€47,514 | -€71,475 | ▼ 50.4% |
| Amounts payable17/49 | €29,466 | €5,219 | €2,360 | €550 | €4,075 | ▲ 641% |
| Amounts payable within one year42/48 | €29,041 | €4,794 | €1,935 | €125 | €3,650 | ▲ 2,829% |
| Financial debts43 | - | - | - | - | €1,366 | - |
| Credit institutions430/8 | - | - | - | - | €1,366 | - |
| Trade debts44 | €3,202 | €3,888 | €1,900 | €4 | €2,285 | ▲ 62,835% |
| Suppliers440/4 | - | €3,888 | €1,900 | €4 | €2,285 | ▲ 62,835% |
| Taxes, remuneration and social security45 | - | €906 | €35 | €121 | €0 | ▼ 100% |
| Taxes450/3 | - | €906 | €35 | €121 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €425 | €425 | €425 | €425 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,995 | -€1,952 | -€13,899 | -€33,964 | -€23,960 | ▲ 29.5% |
| + Depreciation and write-downs630 | €2,793 | €3,916 | €4,833 | €4,600 | €4,428 | ▼ 3.7% |
| Operating cash flow (approximation) | €45,788 | €1,964 | -€9,066 | -€29,364 | -€19,532 | ▲ 33.5% |
| Investment in fixed assets (approximation) | - | -€8,503 | €676 | €0 | €0 | - |
| Change in cash | - | -€18,267 | -€15,927 | -€21,510 | -€18,524 | ▲ 13.9% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€33,964
Net result drops to -€33,964, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 7current ratio 205.83
Current ratio from 29.37 to 205.83; short-term debt falls from €1,935 to €125.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity doublescurrent ratio 29.37
Current ratio from 14.20 to 29.37; short-term debt falls from €4,794 to €1,935.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity quadruplescurrent ratio 14.20
Current ratio from 3.40 to 14.20; short-term debt falls from €29,041 to €4,794.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
23-02
State Gazette act
General meeting · Statutes amendment
Director resignation · Director reappointment
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €48,630
Net result €48,630 after 2 loss-making years.
Show earlier events
30-09
Financial
Liquidity times 7current ratio 3.03
Current ratio from 0.42 to 3.03; short-term debt falls from €24,211 to €15,805.
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Bierbeek · 1 establishment unit since 2001
Ground area
1,704 m²
Building footprint
287 m²
Volume, LiDAR
1,823 m³
Parcel 24053B0305/00W000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bierbeekstraat 122, 3360 Bierbeek
since 20012.100.110.178
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24053B0305/00W000 | Flanders | 1,704 m² | 1 · 287 m² | 10.2 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.
Structure & network
Connections & network
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded11-12-2000
Fiscal year end30-09
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473473727
Registered
27-03-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.