AAB
ActiveSummary
AAB has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €670,630 and a net result of -€10,547. Equity is growing by ~35.5% per year across the filed fiscal years. Its solvency ranks better than 64% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-11
Solvency84▼-14
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.21 against 3.01 in 2024; short-term debt: 28.7% and cash: 4.6% of total assets), and 40.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.3%
Return on assets
-0.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-08-2026, 1 day 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 · 10 filingsDeviation from the deadline
2025
1 d late
2024
49 d late
2023
43 d early
2022
34 d early
2021
20 d early
2020
40 d early
2019
66 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€670,630▼ 1.5%
2024 · €681,177
Total assets
€1.1m▲ 20.8%
2024 · €935,917
Net result
-€10,547
2024 · €76,551
Working capital
€66,683▼ 54.3%
2024 · €145,793
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€72,818▲ 62.5%€68,769▼ 5.6%€424,733▲ 518%€119,511▼ 71.9%€1,960▼ 98.4%
Net result€47,456▼ 39.9%€95,681▲ 102%€282,747▲ 196%€76,551▼ 72.9%-€10,547
Equity€226,197▲ 26.5%€321,879▲ 42.3%€604,625▲ 87.8%€681,177▲ 12.7%€670,630▼ 1.5%
Total assets€740,981▲ 15.6%€752,173▲ 1.5%€1.0m▲ 39.6%€935,917▼ 10.8%€1.1m▲ 20.8%
Debt€514,783▲ 11.4%€430,295▼ 16.4%€445,068▲ 3.4%€254,740▼ 42.8%€460,322▲ 80.7%
Working capital€2,538▼ 80.4%-€85,510€101,078€145,793▲ 44.2%€66,683▼ 54.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -73% on 2023. The accounts now follow the micro schema, last year the abbreviated schema.
- 2023 Net result +196%, Equity +88% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 98% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€739,572 ▲ 3.1%
Current assets
€391,381 ▲ 79.2%
Equity and liabilities €1.1m
Equity
€670,630 ▼ 1.5%
Debt
€460,322 ▲ 80.7%
Debt's share of the balance-sheet total rises from 27.2% to 40.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€47,713▼
2024 · €165,350
Cash flow
€35,206▼
2024 · €122,390
Current ratio
1.21▼
2024 · 3.01
Debt to equity
0.69▲
2024 · 0.37
ROE
-1.6%▼
2024 · 11.2%
ROA
-0.9%▼
2024 · 8.2%
Interest coverage
12.13▼
2024 · 34.88
Debt ≤ 1 year
€324,697▲
2024 · €72,615
Debt > 1 year
€135,625▼
2024 · €182,125
Income taxes
€10,823▼
2024 · €40,470
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 8,594 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €55,354 | €2,924 | ▼ 94.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,968 | €38,115 | €44,370 | €45,839 | €45,753 | ▼ 0.2% |
| Other operating charges640/8 | €2,518 | €4,670 | €3,592 | €773 | €2,908 | ▲ 276% |
| Gross operating margin9900 | €104,305 | €111,554 | €472,696 | €166,123 | €50,622 | ▼ 69.5% |
| Operating profit (loss)9901 | €72,818 | €68,769 | €424,733 | €119,511 | €1,960 | ▼ 98.4% |
| Financial income75/76B | €5,596 | €75,000 | €1,710 | €2,250 | €2,250 | = |
| Recurring financial income75 | €0 | €75,000 | €1,710 | €2,250 | €2,250 | = |
| Non-recurring financial income76B | €5,596 | - | - | - | - | - |
| Financial charges65/66B | €10,696 | €7,242 | €5,692 | €4,740 | €3,934 | ▼ 17.0% |
| Recurring financial charges65 | €10,696 | €7,242 | €5,692 | €4,740 | €3,934 | ▼ 17.0% |
| Profit (loss) for the period before taxes9903 | €67,719 | €136,527 | €420,752 | €117,021 | €277 | ▼ 99.8% |
| Income taxes67/77 | €20,263 | €40,846 | €138,005 | €40,470 | €10,823 | ▼ 73.3% |
| Profit (loss) for the period9904 | €47,456 | €95,681 | €282,747 | €76,551 | -€10,547 | ▼ 114% |
| Profit (loss) for the period to be appropriated9905 | €47,456 | €95,681 | €282,747 | €76,551 | -€10,547 | ▼ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €740,981 | €752,173 | €1.0m | €935,917 | €1.1m | ▲ 20.8% |
| Fixed assets21/28 | €638,728 | €716,045 | €763,081 | €717,509 | €739,572 | ▲ 3.1% |
| Tangible fixed assets22/27 | €579,428 | €656,745 | €703,781 | €658,209 | €677,662 | ▲ 3.0% |
| Land and buildings22 | €578,228 | €635,183 | €682,535 | €645,445 | €670,249 | ▲ 3.8% |
| Plant, machinery and equipment23 | - | €20,781 | €15,881 | €10,981 | €6,081 | ▼ 44.6% |
| Furniture and vehicles24 | €1,200 | €781 | €5,365 | €1,782 | €1,331 | ▼ 25.3% |
| Financial fixed assets28 | €59,300 | €59,300 | €59,300 | €59,300 | €61,910 | ▲ 4.4% |
| Current assets29/58 | €102,253 | €36,128 | €286,612 | €218,408 | €391,381 | ▲ 79.2% |
| Amounts receivable after more than one year29 | - | - | €60,000 | €75,000 | €75,000 | = |
| Other amounts receivable291 | - | - | €60,000 | €75,000 | €75,000 | = |
| Amounts receivable within one year40/41 | €58,589 | - | €0 | €4,574 | €264,177 | ▲ 5,676% |
| Trade receivables40 | €8,589 | - | - | €2,455 | €0 | ▼ 100% |
| Other amounts receivable41 | €50,000 | - | €0 | €2,119 | €264,177 | ▲ 12,368% |
| Cash at bank and in hand54/58 | €40,476 | €33,876 | €224,556 | €137,307 | €52,204 | ▼ 62.0% |
| Deferred charges and accrued income490/1 | €3,188 | €2,252 | €2,056 | €1,527 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €740,981 | €752,173 | €1.0m | €935,917 | €1.1m | ▲ 20.8% |
| Equity10/15 | €226,197 | €321,879 | €604,625 | €681,177 | €670,630 | ▼ 1.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €49,316 | €144,997 | €427,744 | €662,577 | €652,030 | ▼ 1.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €47,456 | €143,137 | €427,744 | €662,577 | €652,030 | ▼ 1.6% |
| Profit (loss) carried forward14 | €158,282 | €158,282 | €158,282 | €0 | - | - |
| Amounts payable17/49 | €514,783 | €430,295 | €445,068 | €254,740 | €460,322 | ▲ 80.7% |
| Amounts payable after more than one year17 | €415,068 | €308,656 | €228,625 | €182,125 | €135,625 | ▼ 25.5% |
| Financial debts170/4 | €415,068 | €308,656 | €228,625 | €182,125 | €135,625 | ▼ 25.5% |
| Amounts payable within one year42/48 | €99,715 | €121,638 | €185,534 | €72,615 | €324,697 | ▲ 347% |
| Current portion of amounts payable after more than one year42 | €46,500 | €46,500 | €46,500 | €46,500 | €46,500 | = |
| Financial debts43 | €14,962 | €34,962 | €83,905 | €7,829 | €7,110 | ▼ 9.2% |
| Credit institutions430/8 | €13,462 | €34,962 | €83,905 | €7,829 | €7,110 | ▼ 9.2% |
| Other loans439 | €1,500 | - | - | - | - | - |
| Trade debts44 | €12,334 | €18,886 | €18,556 | €3,056 | €65,532 | ▲ 2,044% |
| Suppliers440/4 | €12,334 | €18,886 | €18,556 | €3,056 | €65,532 | ▲ 2,044% |
| Taxes, remuneration and social security45 | €25,919 | €21,290 | €28,033 | €14,082 | €13,796 | ▼ 2.0% |
| Taxes450/3 | €17,640 | €21,290 | €28,033 | €14,082 | €13,796 | ▼ 2.0% |
| Remuneration and social security454/9 | €8,279 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | €8,540 | €1,148 | €191,760 | ▲ 16,603% |
| Accrued charges and deferred income492/3 | - | - | €30,908 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,456 | €95,681 | €282,747 | €76,551 | -€10,547 | ▼ 114% |
| + Depreciation and write-downs630 | €28,968 | €38,115 | €44,370 | €45,839 | €45,753 | ▼ 0.2% |
| Operating cash flow (approximation) | €76,424 | €133,796 | €327,117 | €122,390 | €35,206 | ▼ 71.2% |
| Investment in fixed assets (approximation) | - | -€115,432 | -€91,406 | -€267 | -€67,816 | ▼ 25,310% |
| Change in cash | - | -€6,600 | €190,680 | -€87,249 | -€85,103 | ▲ 2.5% |
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
Next filing, fiscal year 2026, expected by
2026
01-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 1 day late
2025
31-12
Financial
Weakest financial yearnet -€10,547
Net result drops to -€10,547, the lowest in the series.
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €282,747 ▲196%
Operating result €424,733, net result €282,747, both a record.
31-12
Financial
Liquidity times 5current ratio 1.54
Current ratio from 0.30 to 1.54.
31-12
Financial
Equity above €500,000Eq €604,625 ▲87.8%
6 profitable years in a row build equity to €604,625.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200,000Eq €226,197 ▲26.5%
4 profitable years in a row build equity to €226,197.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150,000Eq €178,742 ▲79.1%
3 profitable years in a row build equity to €178,742.
Show earlier events
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tessenderlo-Ham · 1 establishment unit since 2004
Ground area
2,993 m²
Building footprint
259 m²
Volume, LiDAR
1,195 m³
Parcel 71046B1211/00M000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
A.A.B.
since 20042.134.921.302
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71046B1211/00M000 | Flanders | 2,993 m² | 1 · 259 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2025 annual accounts of AAB and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,638 companies in sector 46170 we hold annual accounts for 669. 348 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
Founded11-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862144710
Also
9925:BE0862144710
Registered
26-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.