Financials
- Fiscal year
- 2025
- Total assets
- €130,340
- Profit
- €46,346
- Solvency
- 37.5%
AA Projects
ActiveSummary
The computed 12-month bankruptcy probability of AA Projects is 4.2% (elevated). The 2025 annual accounts show equity of €48,846 and a net result of €46,346. Its solvency ranks better than 46% of 645 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Manufacture of other builders' carpentry and joinery
NACE 16230
1 site
Size
€130,340total assets 2025
- Equity
- €48,846
- Profit
- €46,346
Turnover not published (abridged schema)
Structure
Accounts filed 54 d late1 of 2 deeds read
Why 49- Founded in 2024- Latest accounts 54 days late; 1 of the last 3 late- Size: total assets €130,340- 1 change of registered office in 24 monthsShow the evidence
Checked score
Score 2025
49
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 55% of its sector peers (NACE 16, micro)
Performance against the sector, not lower risk
Financial strength
Strong
Solvency
62
equity 37.5% of total assets
Liquidity
36
short-term debt 50.6% · cash 8.8%
Profitability
100
return on assets 35.6%
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 1.8%lowest value
05-2025: 1.9%▲ +2.7% vs 04-2025
06-2025: 2.2%▲ +19.1% vs 05-2025
07-2025: 2.3%▲ +5.2% vs 06-2025
08-2025: 2.6%▲ +10.9% vs 07-2025
09-2025: 2.6%● 0.0% vs 08-2025
10-2025: 2.9%▲ +10.4% vs 09-2025
11-2025: 2.9%▲ +1.8% vs 10-2025
12-2025: 2.8%▼ -4.2% vs 11-2025
01-2026: 2.8%▲ +1.3% vs 12-2025
02-2026: 3.2%▲ +11.8% vs 01-2026
03-2026: 3.2%● 0.0% vs 02-2026
04-2026: 5.5%▲ +74.4% vs 03-2026highest value
05-2026: 5.5%● 0.0% vs 04-2026highest value
06-2026: 5.5%● 0.0% vs 05-2026highest value
07-2026: 5.5%● 0.0% vs 06-2026highest value
08-2026: 5.5%● 0.0% vs 07-2026highest value
09-2026: 5.5%● 0.0% vs 08-2026highest value
10-2026: 4.2%▼ -24.1% vs 09-2026
- Founded in 2024 raises the probability for this profile
- Latest accounts 54 days late; 1 of the last 3 late raises the probability
- Size: total assets €130,340 raises the probability for this profile
- 1 change of registered office in 24 months raises the probability
Credit up to €2,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.61; short-term debt: 50.6% and cash: 8.8% of total assets), but 62.5% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 16, micro). Better than this share of them on solvency 45%, liquidity 25%, profitability 95%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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 · 1 filingDeviation from the deadline
2025
54 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
- Annual accounts filedfiscal year 2025 · micro…
- Registered officeRegistered-office move
Key points
By topic
Timeline
- Events
- 2
- Since
- 2026
- 23-09-2026Annual accounts filed
- 25-03-2026Registered office
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of other builders' carpentry and joineryNACE 16230
- Founded
- 04-03-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
See the provisions in the deeds
Go to Articles of associationGo further with this company
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