Equity
€777,539 ▲ 93.1%
Equity rose in 2025 from €402,749 to €777,539.
AA+
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2005peak €274,296 (2022)
€25,769▲ 159%
lowest -€98,926 (2008)
-€15,211▲ €23,282
peak €777,539 (2025)
€777,539▲ 93.1%
€1.0m▼ 25.0%
Board2 names since 2017
1 directorSANDURAç Mehmet
Documentsfilings and deeds
15-10-202676 days late
2025abbreviated format
Gross margin from €9,942 to €25,769Loss of €15,211Equity from €402,749 to €777,539Debts from €1.4m to €1.0mInvestments €392,963Cash from €1,546 to €25
Key points
from the 2025 annual accountsLosses
-€53,704 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Turnover
≈ €68,000 estimated
The accounts state no turnover.
Filings
21 annual accounts 76 days
Latest accounts filed late: after the legal deadline.
At the same address
8 companies
Position in the sector
-€15,211
Lower net result than 83% of companies in advertising and market research. Sector median €16,334 · 2,093 companies.
Checked score
63
Healthy
Financially stronger than 46% of micro companies in advertising and market research (NACE 73)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,231 companies (NACE 73, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.5%▲ +0.1 percentage points vs 09-2025
11-2025: 1.2%▲ +0.7 percentage points vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.3%▲ +0.1 percentage points vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.2%▼ -0.1 percentage points vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 1.9%▲ +0.7 percentage points vs 07-2026
09-2026: 2.2%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 1.5%▼ -0.7 percentage points vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.56, cash €25, halved
Last filed accounts filed 76 days late; 3 of the last 3 accounts late
Figures for financial year 2025 (filed on 20-10-2026)
lowers risk
Founded in 2004
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 73, micro). It does better than 43% of them on solvency, 23% on liquidity, 28% on profitability and 90% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as AA+ has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AA+ itself is higher: 1.5% within 12 months. It rests on far more data about AA+ than the profile alone.
Test of the method
The method was tested on the 497,448 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 8,617 companies, not a prediction for AA+. 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.
Credit verdict
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.56 (2.06 in 2024), above the usual 1.5. Short-term debt is 26.8% and cash 0% of total assets. However, 57.1% of the assets are financed with debt and provisions.
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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
76 days late
2024
60 days late
2023
75 days late
2022
66 days late
2021
31 days early
2020
6 days late
2019
2 days early
← 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 36 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0870707830
Change of role: SANDURAç Mehmet, from manager to director
“L'achat,l'administration,la vente de toutes valeurs mobilières,immobilières et objets d'art,de tous droits…” (deed in French) · Director discharge: SANDURAç Mehmet · General meeting of 13-11-2023 · Gazette deed
Registered office moved from Brussels to Waterloo
New registered office: avenue Beau Séjour 82, 1410 Waterloo · Previous registered office: Avenue de la Perspective 47- 1150 Bruxelles · Resignation: Marc Hemeleers (manager) · General meeting of 04-04-2017 · Gazette deed
Incorporation
published on 31-12-2004 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AA+ Waterloo | €1.8m | €25,769 | 42.9% | - |
| Pascal Laffineur Perwez | €1.5m | €27,558 | 58.3% | - |
| VAN SANDE CONSULT & C° Knokke-Heist | €1.3m | €26,139 | 8.4% | - |
| VALUESELLING Riemst | €2.0m | €25,711 | 89.4% | - |
| PHILIPPE MEYSMAN Wemmel | €1.6m | €25,705 | 96.8% | - |
| FIMAPE Pecq | €2.4m | €23,267 | 79.1% | - |
| AUBE Waterloo | €1.0m | €17,109 | 95.2% | - |
These companies have the same main activity as AA+: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €1m and €2.4m, founded between 1998 and 2009.
Official details
Source: KBO- Status
- Active since 21-12-2004Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 1 other
- Establishment unit
- 2.144.882.8061150 Woluwe-Saint-Pierre, since 21-12-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Insights on AA+
AA+ files the abbreviated format. That format states no turnover. The gross margin fell from €50,739 in 2006 to €25,769 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AA+
- What is the company number of AA+?
- The company number of AA+ is 0870.707.830. The VAT number is the same number with BE in front: BE 0870.707.830.
- Where is AA+ based?
- The registered office is at Avenue Beau Séjour 82, 1410 Waterloo.Company details
- What does AA+ do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of AA+?
- AA+ is a private limited company (BV).
- When was AA+ founded?
- AA+ was founded on 21-12-2004.
- Is AA+ still active?
- Yes, AA+ is an active enterprise in the KBO register.
- What is the turnover of AA+?
- The turnover in financial year 2025 is ≈ €68,000. This figure is estimated from the gross margin of €25,769 and 45 comparable companies (NACE 73). It probably lies between €48,000 and €91,000.Financials
- Is AA+ profitable?
- In financial year 2025, AA+ made a loss of €15,211.
- Where can I find the annual accounts of AA+?
- AA+ filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AA+ due?
- AA+ must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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