AA Projects
ActiveSummary
The computed 12-month bankruptcy probability of AA Projects is 4.1% (elevated). The 2025 annual accounts show equity of €48,846 and a net result of €46,346. Its solvency ranks better than 46% of 661 sector peers (NACE 16, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-03-2024 Normal situation
- Activity
- Manufacture of other builders' carpentry and joinery NACE 16230and 3 others
- Establishment unit
- 2.356.526.116 9080 Lochristi, since 04-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 03-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.1%
- Gross margin
- €83,373
- Turnover
- ≈ €250,000
- estimated
- Profit
- €46,346
- Equity
- €48,846
- Total assets
- €130,340
- 2025 accounts filed 54 days after the deadline
Score breakdownraises riskFounded in 2024Last filed accounts filed 54 days late; 1 of the last 3 accounts lateSize: total assets €130,3401 change of registered office in 24 monthsShow the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 16, micro). It does better than 45% of them on solvency, 25% on liquidity and 95% on profitability.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 54 days after the deadline Filed on 23 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00520690.
Annual accounts 2025 filed on 23-09-2026 at the NBB
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €41,291 |
| Financial fixed assets | €2,850 |
| Depreciation and write-downs of the year | €20,320 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,320 |
| Other operating charges640/8 | €2,227 |
| Gross operating margin9900 | €83,373 |
| Operating profit (loss)9901 | €60,826 |
| Financial income75/76B | €53 |
| Recurring financial income75 | €53 |
| Financial charges65/66B | €1,789 |
| Recurring financial charges65 | €1,789 |
| Profit (loss) for the period before taxes9903 | €59,090 |
| Income taxes67/77 | €12,744 |
| Profit (loss) for the period9904 | €46,346 |
| Profit (loss) for the period to be appropriated9905 | €46,346 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €130,340 | |
| Fixed assets21/28 | €23,822 | |
| Tangible fixed assets22/27 | €20,972 | |
| Plant, machinery and equipment23 | €3,427 | |
| Furniture and vehicles24 | €17,545 | |
| Financial fixed assets28 | €2,850 | |
| Current assets29/58 | €106,518 | |
| Amounts receivable within one year40/41 | €92,793 | |
| Trade receivables40 | €52,975 | |
| Other amounts receivable41 | €39,818 | |
| Cash at bank and in hand54/58 | €11,529 | |
| Deferred charges and accrued income490/1 | €2,196 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €130,340 | |
| Equity10/15 | €48,846 | |
| Contributions10/11 | €2,500 | |
| Profit (loss) carried forward14 | €46,346 | |
| Amounts payable17/49 | €81,493 | |
| Amounts payable after more than one year17 | €15,524 | |
| Financial debts170/4 | €15,524 | |
| Amounts payable within one year42/48 | €65,969 | |
| Current portion of amounts payable after more than one year42 | €6,014 | |
| Trade debts44 | €47,211 | |
| Suppliers440/4 | €47,211 | |
| Taxes, remuneration and social security45 | €12,744 | |
| Taxes450/3 | €12,744 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €46,346 |
| + Depreciation and write-downs630 | €20,320 |
| Operating cash flow (approximation) | €66,666 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as AA Projects has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of AA Projects itself is higher: 4.1% within 12 months. It rests on far more data about AA Projects than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for AA Projects. 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-09-2026 | 2026-00520690 |
Board & ownership
Directors
Owners and capital
Shareholders
- DE CLERCQ Johan 100 shares (100%) · €2,500
Capital transactions
- 06-03-2024 Incorporation · €2,500 · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt aantal,duur en bij meerdere bevoegdheid, één of meer bestuurders”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, 100”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 06-03-2024 (in Dutch)
Network & group
AA Projects shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of AA Projects. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
25-03
Gazette deed
Registered office moved from Lochristi to Lokeren2 points ▸
- Board meeting, 01-12-2025
- Registered-office move, Veerstraat 13 Bus 00 01,9160 Lokeren
06-03
Gazette deed
IncorporationStarting capital €2,500 · Appointment: DE CLERCQ Johan (director) · Founder8 points ▸
- Incorporation, “AA Projects” (deed in Dutch)
- Founder, DE CLERCQ Johan (comparant)
- Founding capital, €2,500
- Bank account, “AXA bank”, EUR (deed in Dutch)
- Registered office clause, “9080 Lochristi,Denen 51, neerlegging ter griffie van uitgifte oprichtingsakte” (deed in Dutch)
- Board rule, 1
- Director appointment, DE CLERCQ Johan (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Denen 51, 9080 Lochristi until 01-12-2025 · act of 25-03-2026
Activities
NACEBEL 2025Codes under NACEBEL 2008
10 activities
- Het opmeten en plaatsen van balustrades
- Plaatsen van vloer- en wandtegels
- Andere reinigingsactiviteiten
- Onderhoud van zwembaden
- Het verwerven en aanhouden van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen,het stimuleren,de planning,de coördinatie,de ontwikkeling van en de investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt;het deelnemen aan hun beheer,bestuur,vereffening,en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een eigen onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,binnenhuisinrichting en decoratie verhuren en huren van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen of die betrekking hebben op het beheer of op het productief maken van onroerende goederen of onroerende zakelijke rechten.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan- en verkoop,de huur- en verhuur,de ruil;in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen.
- De vennootschap mag alle verrichtingen stellen van commerciële,industriële,onroerende,roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen.
- De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
- De vennootschap mag betrokken zijn bij wijze van inbreng,samensmelting,inschrijving of op elke andere wijze,in de ondernemingen,verenigingen of vennootschappen,die een gelijkaardig,soortgelijk of samenhangend voorwerp hebben of die nuttig zijn voor de verwezenlijking van het geheel of een gedeelte van haar voorwerp.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1006.726.178
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44034B0507/00T002 | Flanders | 1,481 m² | 1 · 136 m² | 10.1 m · 2 |
| 46383D0718/00C002 | Flanders | 112 m² | 1 · 112 m² | 10.2 m · 3 |