AA MULTISERVICES
ActiveSummary
The computed 12-month bankruptcy probability of AA MULTISERVICES is 4.6% (elevated). The 2024 annual accounts show negative equity (-€154,245) and a net result of -€142,471. Equity is shrinking by ~64.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 6719 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-16
Solvency0▼-23
Growth32=
Track record100
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.96 in 2023; short-term debt: 132.5% and cash: 2.8% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-32.5%
Return on assets
-30.1%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€154,245
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-09-2025, 41 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
41 d late
2023
15 d early
2022
40 d late
2021
46 d late
2020
58 d late
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 25 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€154,245▼ 1,210%
2023 · -€11,774
Total assets
€474,048▼ 25.3%
2023 · €634,956
Net result
-€142,471▼ 926%
2023 · -€13,892
Working capital
-€156,837▼ 518%
2023 · -€25,386
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€11,323▼ 27.3%-€17,774-€25,146▼ 41.5%-€13,826▲ 45.0%-€141,709▼ 925%
Net result€11,092within the sector's middle half▼ 28.7%-€17,833below the sector's middle half-€25,287below the sector's middle half▼ 41.8%-€13,892below the sector's middle half▲ 45.1%-€142,471below the sector's middle half▼ 926%
Equity€35,239within the sector's middle half▲ 45.9%€27,406within the sector's middle half▼ 22.2%€2,119below the sector's middle half▼ 92.3%-€11,774below the sector's middle half-€154,245below the sector's middle half▼ 1,210%
Total assets€199,534within the sector's middle half▲ 66.1%€498,309above the sector's middle half▲ 150%€544,752above the sector's middle half▲ 9.3%€634,956above the sector's middle half▲ 16.6%€474,048above the sector's middle half▼ 25.3%
Debt€164,295▲ 71.2%€470,903▲ 187%€542,633▲ 15.2%€646,729▲ 19.2%€628,293▼ 2.9%
Working capital€5,321-€16,096-€27,796▼ 72.7%-€25,386▲ 8.7%-€156,837▼ 518%
Solvency17.7%within the sector's middle half▼ 2.4pp5.5%below the sector's middle half▼ 12.2pp0.4%below the sector's middle half▼ 5.1pp-1.9%below the sector's middle half▼ 2.2pp-32.5%below the sector's middle half▼ 30.7pp
Staff (FTE)1.9within the sector's middle half▲ 90.0%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
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 €141,709 in 2024 against €13,826 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €474,048
Fixed assets
€2,592 ▼ 81.0%
Current assets
€471,457 ▼ 24.1%
Key figures and ratios
EBITDA
-€138,589▼
2023 · -€4,271
Cash flow
-€139,351▼
2023 · -€4,337
Current ratio
0.75▼
2023 · 0.96
Debt to equity
-4.07▲
2023 · -54.93
ROA
-30.1%▼
2023 · -2.2%
Interest coverage
-127.86▼
2023 · -64.56
Debt ≤ 1 year
€628,293▼
2023 · €646,729
Staff costs
€68,970▼
2023 · €98,556
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 561 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 86% are still going.
- Small
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
6.1%
went bankrupt
4.6%
stopped otherwise
86%
still going
A further 2.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 561 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6,784 | €600 | €10,495 | ▲ 1,649% |
| Remuneration, social security and pensions62 | - | €87,804 | €80,636 | €98,556 | €68,970 | ▼ 30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,046 | €14,556 | €12,025 | €9,555 | €3,121 | ▼ 67.3% |
| Other operating charges640/8 | - | €5,122 | €5,155 | €4,146 | €31,734 | ▲ 665% |
| Non-recurring operating charges66A | - | €860 | - | - | - | - |
| Gross operating margin9900 | €82,535 | €90,568 | €72,670 | €98,431 | -€37,885 | ▼ 138% |
| Operating profit (loss)9901 | €11,323 | -€17,774 | -€25,146 | -€13,826 | -€141,709 | ▼ 925% |
| Financial income75/76B | - | - | - | - | €322 | - |
| Recurring financial income75 | - | - | - | - | €322 | - |
| Financial charges65/66B | - | €59 | €141 | €66 | €1,084 | ▲ 1,538% |
| Recurring financial charges65 | €231 | €59 | €141 | €66 | €1,084 | ▲ 1,538% |
| Profit (loss) for the period before taxes9903 | €11,092 | -€17,833 | -€25,287 | -€13,892 | -€142,471 | ▼ 926% |
| Profit (loss) for the period9904 | €11,092 | -€17,833 | -€25,287 | -€13,892 | -€142,471 | ▼ 926% |
| Profit (loss) for the period to be appropriated9905 | €11,092 | -€17,833 | -€25,287 | -€13,892 | -€142,471 | ▼ 926% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €199,534 | €498,309 | €544,752 | €634,956 | €474,048 | ▼ 25.3% |
| Fixed assets21/28 | €29,918 | €43,502 | €29,915 | €13,612 | €2,592 | ▼ 81.0% |
| Tangible fixed assets22/27 | €29,918 | €43,502 | €29,915 | €13,612 | €2,592 | ▼ 81.0% |
| Furniture and vehicles24 | - | €43,502 | €29,915 | €13,612 | €2,592 | ▼ 81.0% |
| Current assets29/58 | €169,616 | €454,807 | €514,837 | €621,343 | €471,457 | ▼ 24.1% |
| Amounts receivable within one year40/41 | €169,238 | €452,757 | €509,973 | €619,089 | €458,356 | ▼ 26.0% |
| Trade receivables40 | - | €452,757 | €509,564 | €619,089 | €447,862 | ▼ 27.7% |
| Other amounts receivable41 | - | - | €409 | - | €10,495 | - |
| Cash at bank and in hand54/58 | €378 | €2,049 | €4,864 | €2,254 | €13,100 | ▲ 481% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €199,534 | €498,309 | €544,752 | €634,956 | €474,048 | ▼ 25.3% |
| Equity10/15 | €35,239 | €27,406 | €2,119 | -€11,774 | -€154,245 | ▼ 1,210% |
| Contributions10/11 | €8,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €26,639 | €8,806 | -€16,481 | -€30,374 | -€172,845 | ▼ 469% |
| Amounts payable17/49 | €164,295 | €470,903 | €542,633 | €646,729 | €628,293 | ▼ 2.9% |
| Amounts payable within one year42/48 | €164,295 | €470,903 | €542,633 | €646,729 | €628,293 | ▼ 2.9% |
| Trade debts44 | €145,527 | €407,339 | €505,967 | €591,628 | €537,593 | ▼ 9.1% |
| Suppliers440/4 | - | €407,339 | €505,967 | €591,628 | €537,593 | ▼ 9.1% |
| Taxes, remuneration and social security45 | - | €3,722 | - | €17,901 | - | - |
| Taxes450/3 | - | €3,722 | - | €17,901 | - | - |
| Other amounts payable47/48 | - | €59,842 | €36,666 | €37,201 | €90,701 | ▲ 144% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,092 | -€17,833 | -€25,287 | -€13,892 | -€142,471 | ▼ 926% |
| + Depreciation and write-downs630 | €9,046 | €14,556 | €12,025 | €9,555 | €3,121 | ▼ 67.3% |
| Operating cash flow (approximation) | €20,138 | -€3,277 | -€13,263 | -€4,337 | -€139,351 | ▼ 3,113% |
| Investment in fixed assets (approximation) | - | -€28,140 | €1,563 | €6,747 | €7,900 | ▲ 17.1% |
| Change in cash | - | €1,672 | €2,815 | -€2,610 | €10,846 | ▲ 516% |
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
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
31-12
Financial
Weakest financial yearnet -€142,471
Net result drops to -€142,471, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 40 days late
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Brussel · 1 establishment unit since 2018
Ground area
762 m²
Building footprint
580 m²
Volume, LiDAR
12,700 m³
2 parcels, Brussels · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.
471
companies at this address
See who is registered here
1 establishment unit
AA MULTISERVICES
since 20182.280.468.218
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1778/00D000 | Brussels | 670 m² | 1 · 488 m² | 27.7 m · 8 fl. |
| 21001A0571/00V005 | Brussels | 92 m² | 1 · 92 m² | 19.8 m · 6 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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 1,516 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
47551Retail sale of household furniture
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0697586386
Registered
07-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.