AA GROUP
Open bankruptcySummary
A bankruptcy procedure is open for AA GROUP according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2023 annual accounts show equity of €65k and a net result of €80k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-06-2024, 33 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
33 d early
2022
24 d late
2021
37 d early
2020
4 d late
2019
12 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2023, micro schema
Turnover
€139k
EBIT margin
-14.7%
Net result
€80k▲ 1,003%
2022 · €7k
2018: €-7k
2019: €-2k▲ +70.1% vs 2018
2020: €598▲ +129% vs 2019
2021: €-20k▼ -3524% vs 2020lowest in 6 years
2022: €7k▲ +136% vs 2021
2023: €80k▲ +1003% vs 2022highest in 6 years
2018 → 2023
Working capital
€65k
2022 · €-15k
2018: €-651
2019: €-3k▼ -314% vs 2018
2020: €7k▲ +356% vs 2019
2021: €-23k▼ -427% vs 2020lowest in 6 years
2022: €-15k▲ +32.3% vs 2021
2023: €65k▲ +526% vs 2022highest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€139k
Equity€-3k-€-2k▲ 22.2%€-23k▼ 976%€-15k▲ 32.3%€65k
2019: €-3k
2020: €-2k▲ +22.2% vs 2019
2021: €-23k▼ -976% vs 2020lowest in 5 years
2022: €-15k▲ +32.3% vs 2021
2023: €65k▲ +526% vs 2022highest in 5 years
Operating result€-2k-€859€-20k€7k€105k▲ 1,311%
2019: €-2k
2020: €859▲ +146% vs 2019
2021: €-20k▼ -2466% vs 2020lowest in 5 years
2022: €7k▲ +137% vs 2021
2023: €105k▲ +1311% vs 2022highest in 5 years
Net result€-2k-€598€-20k€7k€80k▲ 1,003%
2019: €-2k
2020: €598▲ +129% vs 2019
2021: €-20k▼ -3524% vs 2020lowest in 5 years
2022: €7k▲ +136% vs 2021
2023: €80k▲ +1003% vs 2022highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 1,311% above 2022 and is the highest result in the available series.
Balance-sheet composition
Equity and liabilities €107k
Equity
€65k
Debt
€42k
Debt finances 39.2% of the balance-sheet total.
Key figures and ratios
Current ratio
2.55▲
2022 · 0.33
Debt to equity
0.64▲
2022 · -1.50
ROE
123.5%
ROA
75.1%▼
2022 · 95.4%
Debt ≤ 1 year
€42k▲
2022 · €23k
Income taxes
€24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 28 lines
Balance sheet
Code20222023
Assets
Total assets20/58€8k€107k▲
Current assets29/58€8k€107k▲
Amounts receivable within one year40/41€2k€107k▲
Trade receivables40€1k€106k▲
Other amounts receivable41€312€438▲
Cash at bank and in hand54/58€6k€230▼
Equity and liabilities
Total equity and liabilities10/49€8k€107k▲
Equity10/15€-15k€65k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-22k€59k▲
Amounts payable17/49€23k€42k▲
Amounts payable within one year42/48€23k€42k▲
Trade debts44€17k€17k=
Suppliers440/4€17k€17k=
Taxes, remuneration and social security45-€24k
Taxes450/3-€24k
Other amounts payable47/48€5k-
Income statement
Code20222023
Other operating charges640/8€174€62▼
Gross operating margin9900€8k€105k▲
Operating profit (loss)9901€7k€105k▲
Financial charges65/66B€153€153=
Recurring financial charges65€153€153=
Profit (loss) for the period before taxes9903€7k€105k▲
Income taxes67/77-€24k
Profit (loss) for the period9904€7k€80k▲
Profit (loss) for the period to be appropriated9905€7k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€59k▲
Profit (loss) brought forward from the previous period14P€-29k€-22k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €139k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €159k | - | - | - |
| Other operating charges640/8 | - | - | €184 | €174 | €62 | ▼ 64.4% |
| Gross operating margin9900 | €-2k | €859 | €-20k | €8k | €105k | ▲ 1,280% |
| Operating profit (loss)9901 | €-2k | €859 | €-20k | €7k | €105k | ▲ 1,311% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | €0 | €50 | €0 | - | - | - |
| Financial charges65/66B | - | - | €157 | €153 | €153 | = |
| Recurring financial charges65 | €195 | €161 | €157 | €153 | €153 | = |
| Profit (loss) for the period before taxes9903 | €-2k | €748 | €-20k | €7k | €105k | ▲ 1,339% |
| Income taxes67/77 | - | €150 | €0 | - | €24k | - |
| Profit (loss) for the period9904 | €-2k | €598 | €-20k | €7k | €80k | ▲ 1,003% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €598 | €-20k | €7k | €80k | ▲ 1,003% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €412 | €12k | €41k | €8k | €107k | ▲ 1,301% |
| Current assets29/58 | €412 | €12k | €41k | €8k | €107k | ▲ 1,301% |
| Amounts receivable within one year40/41 | €411 | €8k | €18k | €2k | €107k | ▲ 5,942% |
| Trade receivables40 | - | - | €8k | €1k | €106k | ▲ 7,205% |
| Other amounts receivable41 | - | - | €10k | €312 | €438 | ▲ 40.4% |
| Cash at bank and in hand54/58 | €1 | €4k | €23k | €6k | €230 | ▼ 96.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €412 | €12k | €41k | €8k | €107k | ▲ 1,301% |
| Equity10/15 | €-3k | €-2k | €-23k | €-15k | €65k | ▲ 526% |
| Contributions10/11 | €6k | - | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-9k | €-8k | €-29k | €-22k | €59k | ▲ 374% |
| Amounts payable17/49 | €3k | €14k | €64k | €23k | €42k | ▲ 82.8% |
| Amounts payable within one year42/48 | €3k | €5k | €64k | €23k | €42k | ▲ 82.8% |
| Trade debts44 | €1k | €487 | €59k | €17k | €17k | = |
| Suppliers440/4 | - | - | €59k | €17k | €17k | = |
| Taxes, remuneration and social security45 | - | - | €150 | - | €24k | - |
| Taxes450/3 | - | - | €150 | - | €24k | - |
| Other amounts payable47/48 | - | - | €5k | €5k | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €598 | €-20k | €7k | €80k | ▲ 1,003% |
| Operating cash flow (approximation) | €-2k | €598 | €-20k | €7k | €80k | ▲ 1,003% |
| Change in cash | - | €4k | €19k | €-17k | €-6k | ▲ 67.1% |
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
2025
24-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 18-12-2025
08-12
KBO administration
Address struck
Grote Baan 102 3511 Die Sitzadresse Grote Baan 102 3511 Hasselt
Hasselt · event 09-10-2025
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €80k ▲1,003%
Operating result €105k, net result €80k, both a record.
31-12
Financial
Liquidity times 8current ratio 2.55
Current ratio from 0.33 to 2.55.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
31-12
Financial
Back to profitnet €598
Net result €598 after 2 loss-making years.
31-12
Financial
Liquidity times 18current ratio 2.45
Current ratio from 0.13 to 2.45.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 41 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Hasselt · 1 establishment unit since 2017
Ground area
1,572 m²
Building footprint
909 m²
Volume, LiDAR
3,829 m³
2 parcels, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kitchen & More
since 20172.270.883.034
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71362B1601/00K002 | Flanders | 1,237 m² | 1 · 793 m² | 8.5 m · 1 fl. |
| 71483D0195/00Y000 | Flanders | 335 m² | 1 · 115 m² | 9.9 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | TOM ARTS JAARBEURSLAAN 19/31, 3600 GENK- |
18-12-2025 → present |
| Curator | GEERT RENIERS JAARBEURSLAAN 19/31,
3600 GENK |
18-12-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company
Founded16-10-2017
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.