Active BE 0834.128.932Private limited company

AAAbouw

Nedersteenberg 24 ·9300 Aalst, Belgium· 15 yrs active

Sector: General construction of other non-residential buildings (41003)

Conclusion Checked

AAAbouw has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €140k and a net result of €23k. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 30% of 9987 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€140k
Net result	€23k
Staff (FTE)	0.9
Better than sector	30%

Financial profile 5 of 5 axes measured · computed by Checked

65 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 43

Profitability 82

Solvency 20

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.9% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2011, 15 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

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.

Checked score FY 2024 · computed

43 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€6k

estimate, not credit advice

Score history

43 2021

36 2022

51 2023

43 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.35 (< 1.0) -10

Quick ratio Quick ratio 0.35 (< 0.6) -5

Leverage Debt/equity 3.44 (> 3.0) -10

Profitability ROE 16% (≥ 10%) +10

Interest coverage Interest coverage 4.4× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview14 NBB filings

Annual accounts filed on 31-10-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~19.3%/year over 4 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 residential and non-residential buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	22.5%	42.3%	better than 30% of 9987 sector peers
Net result	€23k	€8k	better than 72% of 9974 sector peers
Equity	€140k	€45k	better than 80% of 10001 sector peers
Gross operating margin	€108k	€31k	better than 82% of 9961 sector peers
Staff costs	€5k	€31k	higher than 31% of 3519 sector peers

EBITDA

€90k

+3.5% 21-24

Net profit

€23k

-23.4% 21-24

Cash flow

€57k

-10.0% 21-24

Total assets

€623k

-9.8% 21-24

Equity

€140k

+19.6% 21-24

Working capital

€-114k

+10.5% 21-24

Employees (FTE)

1

- 21-24

Staff costs

€5k

- 21-24

Income taxes

€13k

+3.6% 21-24

Debt

€482k

-15.8% 21-24

Debt ≤ 1y

€176k

-22.9% 21-24

Debt > 1y

€302k

-11.2% 21-24

Current ratio

0.35

-20.5% 21-24

Quick ratio

0.35

-20.5% 21-24

Solvency

22.5%

+32.5% 21-24

Debt / equity

3.44

-29.6% 21-24

ROE

16.4%

-35.9% 21-24

ROA

3.7%

-15.1% 21-24

Interest coverage

4.42

-41.8% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-
EBITDA	€90k	€87k	€50k	€89k
Net profit	€23k	€30k	€4k	€19k
Cash flow	€57k	€64k	€37k	€77k
Staff costs	€5k	-	-	-
Income taxes	€13k	€12k	€2k	€7k
Dividends	-	-	-	-
Total assets	€623k	€690k	€671k	€717k
Equity	€140k	€117k	€87k	€83k
Debt	€482k	€573k	€584k	€634k
of which ≤ 1y	€176k	€228k	€204k	€217k
of which > 1y	€302k	€340k	€378k	€416k
Working capital	€-114k	€-128k	€-138k	€-119k
Employees (FTE)	0.9	-	-	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	0.35	0.44	0.32	0.45
Quick ratio	0.35	0.44	0.32	0.45
Working capital ratio	-18.4%	-18.5%	-20.5%	-16.7%
Solvency	22.5%	17.0%	13.0%	11.6%
Debt / equity	3.44	4.88	6.68	7.62
Long-term debt ratio	2.15	2.90	4.32	5.00
Interest coverage	4.42	7.60	4.38	14.98
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	3.7%	4.3%	0.6%	2.6%
ROE	16.4%	25.5%	4.9%	22.7%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €561k · 90.1% Current assets €61k · 9.9%

Equity & liabilities

Equity €140k · 22.5% Debt €482k · 77.5%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€623k	€690k	€671k	€717k
Fixed assets	21/28	€561k	€590k	€606k	€619k
Tangible fixed assets	22/27	€561k	€590k	€606k	€619k
Current assets	29/58	€61k	€100k	€66k	€98k
Amounts receivable within one year	40/41	€50k	€69k	€29k	€16k
Cash & bank	54/58	€9k	€28k	€35k	€80k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€623k	€690k	€671k	€717k
Equity	10/15	€140k	€117k	€87k	€83k
Contributions / capital	10/11	€39k	€39k	€39k	€39k
Reserves	13	€55k	€32k	€2k	€2k
Accumulated profits (losses)	14	€47k	€47k	€47k	€43k
Amounts payable	17/49	€482k	€573k	€584k	€634k
Amounts payable after one year	17	€302k	€340k	€378k	€416k
Amounts payable within one year	42/48	€176k	€228k	€204k	€217k
Trade debts payable within one year	44	€18k	€11k	€12k	€91k
Income statement
Gross operating margin	9900	€108k	€92k	€54k	€96k
Operating result	9901	€56k	€53k	€18k	€31k
Financial income	75	€12	€75	€1	€241
Financial charges	65	€20k	€11k	€11k	€6k
Result before taxes	9903	€35k	€42k	€6k	€25k
Income taxes	67/77	€13k	€12k	€2k	€7k
Net result for the period	9904	€23k	€30k	€4k	€19k
Result to be appropriated	9905	€23k	€30k	€4k	€19k

Directors & mandates 1 directors

Current directors & mandates

DE FAUW Jochen
Director
State Gazette act 24452678 (19-12-2024)

Current
19-12-2024 → present

Legal Structure

NACE primary	General construction of other non-residential buildings(41003)
Legal form	Private limited company(610)
Incorporation	28-02-2011
Status	Active
Postal code	9300

Establishment units 1 location

AAAbouw

Nedersteenberg 24, 9300 AalstManufacture of rubber and plastic products

since 20112.196.691.593

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41303D0808/00N000	Flanders	378 m²	1 · 117 m²	9.8 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 14Financial 3Gazette 1Filings 10

2025

31-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 92 days late

2024

19-12

State Gazette act Director changes

Frederic CAUDRON · correction

09-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 131 days late

27-03

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 240 days late

2023

31-12

Financial Highest result since 2021net €30k ▲607%

Net result €30k, the highest in the series.

31-12

Financial Equity above €100kEq €117k ▲34.3%

3 profitable years in a row build equity to €117k.

2022

31-12

Financial Weakest financial yearnet €4k ▼77.5%

Net result drops to €4k, the lowest in the series; recovery starts the following year.

15-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 107 days late

2021

09-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 9 days late

2020

19-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 111 days late

2019

19-04

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

23-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 23 days late

2017

31-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

02-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 2 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2024

19-12-2024 DE FAUW Jochen appointed as director Director changes·Frederic CAUDRONcorrection

DE FAUW Jochen, Bestuurder

Notary: Frederic CAUDRON · AalstFirm: Caudron, Herzeel & Breckpot, geassocieerde notarissen

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

General construction of other non-residential buildings41003

Names & trade names

Legal nameNL

AAAbouw

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