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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of AA Focus is 2.3% (moderate). The 2024 annual accounts show equity of €10k and a net result of €1k. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 47% of 3827 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Signals
2 signals · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-01-2026, 162 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 09-01-2026 | 162 d late | 2026-00005085 |
| 31-12-2023 | 31-07-2024 | 29-08-2024 | 29 d late | 2024-00409079 |
| 31-12-2022 | 31-07-2023 | 01-09-2023 | 32 d late | 2023-00435132 |
| 31-12-2021 | 31-07-2022 | 24-08-2022 | 24 d late | 2022-20309950 |
| 31-12-2020 | 31-07-2021 | 04-08-2021 | 4 d late | 2021-46800122 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.3%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€26k
EBIT margin7.3%
Net result€1k+0.1%
Working capital€10k+16.7%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 09-01-2026 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~20.1%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 36.7% | 39.4% | |
| Net result | €1k | €9k | |
| Equity | €10k | €29k | |
| Gross operating margin | €2k | €26k | |
| Total assets | €27k | €85k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P47
Weakening position over 2020-2024
· n=441-3827
P28
Stable position over 2020-2024
· n=438-3824
P25
Stable position over 2020-2024
· n=443-3832
P15
Stable position over 2020-2024
· n=439-3822
Describes the position versus peers, not a forecast.
€26k
-
20-24
€1k
+0.1%
20-24
€27k
-7.0%
20-24
€10k
+16.7%
20-24
€10k
+16.7%
20-24
€540
+13.9%
20-24
€17k
-16.9%
20-24
€17k
-16.9%
20-24
1.58
+11.8%
20-24
1.58
+11.8%
20-24
36.7%
+25.6%
20-24
1.72
-28.8%
20-24
14.3%
-14.2%
20-24
5.3%
+7.7%
20-24
7.3%
-
20-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €1k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €540 |
| Dividends | - |
| Total assets | €27k |
| Equity | €10k |
| Debt | €17k |
| of which ≤ 1y | €17k |
| of which > 1y | - |
| Working capital | €10k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.58 |
| Quick ratio | 1.58 |
| Working capital ratio | 36.7% |
| Solvency | 36.7% |
| Debt / equity | 1.72 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 5.3% |
| ROE | 14.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €27k |
| Current assets | 29/58 | €27k |
| Amounts receivable within one year | 40/41 | €24k |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €27k |
| Equity | 10/15 | €10k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €8k |
| Amounts payable | 17/49 | €17k |
| Amounts payable within one year | 42/48 | €17k |
| Trade debts payable within one year | 44 | €4k |
| Income statement | ||
| Gross operating margin | 9900 | €2k |
| Operating result | 9901 | €2k |
| Financial charges | 65 | €74 |
| Result before taxes | 9903 | €2k |
| Income taxes | 67/77 | €540 |
| Net result for the period | 9904 | €1k |
| Result to be appropriated | 9905 | €1k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2024 · computed86
/ 100
Excellent
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsFormer directors (2)
-
Former- → 11-07-2024
-
Former- → 11-07-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Algemene bouw van residentiële gebouwen(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 10-01-2020 |
| Status | Active |
| Postal code | 1500 |
Structure & network
Connections & network
36 connected companiesNetwork connections
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Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationNachtegaalsweg 58, 1120 Brussel
since 20202.300.561.767
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area390 m²
Buildings2
Building footprint151 m²
Volume (LiDAR)1,377 m³
Tallest building14.6 m · ±4 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819C0034/02Y002 | Brussels | 240 m² | 1 · 75 m² | 11.8 m · 3 fl. |
| 23027E0094/00M000 | Flanders | 149 m² | 1 · 76 m² | 14.6 m · 4 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
4 acts Address history · 3
13-04-2026
Seat change: date: 2026-04-01, new_address: Bergensesteenweg 189, 1500 Halle
11-07-2024
v3.2
19-03-2020
v3.2
All acts · 4
updated 4 months ago
2026
13-04-2026 Act object · General meeting · Share transfer · Officer resignation
- Filing: 2026-04-03 · AA FOCUS
- Publication: 2026-04-13 · AA FOCUS
- Act object: overname aandelen -ontslag/benoeming zaakvoerder - Verplaatsing maatschappelijke zetel · AA FOCUS
- General meeting: 2026-04-01 · AA FOCUS
- Share transfer: date: 2026-04-01, description: alle aandelen · AA FOCUS
- Officer resignation: date: 2026-04-01, role: bestuurder · El Achchab Mohammed
- Officer discharge: date: 2026-04-01, role: bestuurder · El Achchab Mohammed
- Officer appointment: date: 2026-04-01, role: bestuurder · Anton Julian Stefan
- Seat change: date: 2026-04-01, new_address: Bergensesteenweg 189, 1500 Halle · AA FOCUS
Summary:
Act object · General meeting · Share transfer · Officer resignation
2024
11-07-2024 Registered office moved from Wemmel to neder-over-heembeek
- Lt. Graffplein 15, 1780 Wemmel → nachtegaalseweg 58, 1120 neder-over-heembeek
Summary:
v3.2
2020
19-03-2020 Registered office moved from Dilbeek to Wemmel
- Ninoofsesteenweg 64, 1700 Dilbeek → Lt. Graffplein 15, 1780 Wemmel
Summary:
v3.2
14-01-2020 Incorporation of a new BV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes76
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
72
Solvency
70
Growth
52
Stability
100
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Credit advice
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We hold annual accounts for 5,321 of the 29,561 companies in this sector. 4,143 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Handelsbemiddeling in goederen, algemeen assortiment46190Handelsbemiddeling in de niet-gespecialiseerde groothandel46190Diensten in verband met vervoer te land52210Diensten in verband met vervoer te land52210Verhuur en lease van personenauto's en lichte bestelwagens (< 3,5 ton)77110Verhuur en lease van personenauto’s en andere lichte motorvoertuigen77110
Primary activity highlighted.
Names & trade names
| Legal nameNL | AA Focus |
Registered office
Bergensesteenweg 189
1500 Halle, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.