AAMR
ActiveSummary
The computed 12-month bankruptcy probability of AAMR is 1.5% (moderate). The 2025 annual accounts show equity of €30,263 and a net result of €2,140. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 46% of 18626 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-8
Solvency55▲+4
Growth85=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.28 in 2024; short-term debt: 70.4% and cash: 6.5% of total assets), and 70.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
29.6%
Return on assets
2.1%
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 10-08-2026, 10 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 · 8 filingsDeviation from the deadline
2025
10 d late
2024
31 d early
2023
106 d late
2022
11 d early
2021
50 d late
2020
61 d late
2019
109 d late
← 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 42 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 10 August (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€258,895▲ 33.4%
2019 · €194,057
EBIT margin
6.3%▲ 4.6pp
2019 · 1.7%
Net result
€2,140▼ 74.9%
2024 · €8,517
Working capital
€19,846▼ 9.1%
2024 · €21,827
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Turnover
Operating result-€6,362-€2,139▲ 66.4%€5,174€8,575▲ 65.7%€3,209▼ 62.6%
Net result-€6,994below the sector's middle half-€4,725below the sector's middle half▲ 32.4%€4,944within the sector's middle half€8,517within the sector's middle half▲ 72.3%€2,140within the sector's middle half▼ 74.9%
EBIT margin
Equity€19,387within the sector's middle half▼ 26.5%€14,662within the sector's middle half▼ 24.4%€19,606within the sector's middle half▲ 33.7%€28,123within the sector's middle half▲ 43.4%€30,263within the sector's middle half▲ 7.6%
Total assets€77,261within the sector's middle half▼ 21.7%€50,125below the sector's middle half▼ 35.1%€95,435within the sector's middle half▲ 90.4%€106,231within the sector's middle half▲ 11.3%€102,237within the sector's middle half▼ 3.8%
Debt€57,874▼ 20.0%€35,463▼ 38.7%€75,830▲ 114%€78,108▲ 3.0%€71,973▼ 7.9%
Working capital€16,587within the sector's middle half▼ 27.9%€11,862within the sector's middle half▼ 28.5%€15,835within the sector's middle half▲ 33.5%€21,827within the sector's middle half▲ 37.8%€19,846within the sector's middle half▼ 9.1%
Solvency25.1%within the sector's middle half▼ 1.6pp29.3%within the sector's middle half▲ 4.2pp20.5%within the sector's middle half▼ 8.7pp26.5%within the sector's middle half▲ 5.9pp29.6%within the sector's middle half▲ 3.1pp
Current ratio1.29within the sector's middle half▼ 0.031.33within the sector's middle half▲ 0.051.21within the sector's middle half▼ 0.131.28within the sector's middle half▲ 0.071.28within the sector's middle half=
Return on assets (ROA)-9.1%below the sector's middle half▼ 21.9pp-9.4%below the sector's middle half▼ 0.4pp5.2%within the sector's middle half▲ 14.6pp8.0%within the sector's middle half▲ 2.8pp2.1%within the sector's middle half▼ 5.9pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102,237
Fixed assets
€10,417 ▲ 65.5%
Current assets
€91,820 ▼ 8.1%
Equity and liabilities €102,237
Equity
€30,263 ▲ 7.6%
Debt
€71,973 ▼ 7.9%
Debt's share of the balance-sheet total falls from 73.5% to 70.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4,751▼
2024 · €8,851
Cash flow
€3,682▼
2024 · €8,793
Quick ratio
0.38▼
2024 · 0.84
Debt to equity
2.38▼
2024 · 2.78
ROE
7.1%▼
2024 · 30.3%
Interest coverage
13.74▼
2024 · 98.89
Debt ≤ 1 year
€71,973▼
2024 · €78,108
Income taxes
€723
Staff costs
€48,192▼
2024 · €65,238
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,275 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.5%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,275 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 |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €184,837 | €36,021 | - | - | €156,216 | - |
| Remuneration, social security and pensions62 | €35,081 | €320 | €19,921 | €65,238 | €48,192 | ▼ 26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €53 | €276 | €1,542 | ▲ 459% |
| Other operating charges640/8 | €5,982 | €493 | €655 | €6,492 | €5,082 | ▼ 21.7% |
| Gross operating margin9900 | €34,701 | -€1,326 | €25,803 | €80,581 | €58,025 | ▼ 28.0% |
| Operating profit (loss)9901 | -€6,362 | -€2,139 | €5,174 | €8,575 | €3,209 | ▼ 62.6% |
| Financial income75/76B | €737 | €15 | - | €32 | €0 | ▼ 100.0% |
| Recurring financial income75 | €737 | €15 | - | €32 | €0 | ▼ 100.0% |
| Non-recurring financial income76B | €737 | €15 | - | - | - | - |
| Financial charges65/66B | €1,099 | €558 | €230 | €90 | €346 | ▲ 286% |
| Recurring financial charges65 | €856 | €550 | €230 | €90 | €346 | ▲ 286% |
| Non-recurring financial charges66B | €243 | €8 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€6,724 | -€2,683 | €4,944 | €8,517 | €2,863 | ▼ 66.4% |
| Income taxes67/77 | €270 | €2,042 | - | - | €723 | - |
| Profit (loss) for the period9904 | -€6,994 | -€4,725 | €4,944 | €8,517 | €2,140 | ▼ 74.9% |
| Profit (loss) for the period to be appropriated9905 | -€6,994 | -€4,725 | €4,944 | €8,517 | €2,140 | ▼ 74.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €77,261 | €50,125 | €95,435 | €106,231 | €102,237 | ▼ 3.8% |
| Fixed assets21/28 | €2,800 | €2,800 | €3,770 | €6,296 | €10,417 | ▲ 65.5% |
| Tangible fixed assets22/27 | - | - | €970 | €3,496 | €7,617 | ▲ 118% |
| Furniture and vehicles24 | - | - | €970 | €3,496 | €7,617 | ▲ 118% |
| Financial fixed assets28 | €2,800 | €2,800 | €2,800 | €2,800 | €2,800 | = |
| Current assets29/58 | €74,461 | €47,325 | €91,665 | €99,935 | €91,820 | ▼ 8.1% |
| Stocks and contracts in progress3 | €44,850 | €46,399 | €75,200 | €34,549 | €64,699 | ▲ 87.3% |
| Stocks30/36 | €44,850 | €46,399 | €75,200 | €34,549 | €64,699 | ▲ 87.3% |
| Amounts receivable within one year40/41 | - | - | €14,637 | €40,532 | €20,508 | ▼ 49.4% |
| Trade receivables40 | - | - | €14,637 | €35,667 | €18,162 | ▼ 49.1% |
| Other amounts receivable41 | - | - | - | €4,865 | €2,346 | ▼ 51.8% |
| Cash at bank and in hand54/58 | €29,611 | €926 | €1,828 | €24,854 | €6,613 | ▼ 73.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €77,261 | €50,125 | €95,435 | €106,231 | €102,237 | ▼ 3.8% |
| Equity10/15 | €19,387 | €14,662 | €19,606 | €28,123 | €30,263 | ▲ 7.6% |
| Contributions10/11 | €14,467 | €14,467 | €14,467 | €14,467 | €14,467 | = |
| Outside capital11 | €14,467 | €14,467 | - | - | - | - |
| Share premium1100/10 | €14,467 | €14,467 | - | - | - | - |
| Profit (loss) carried forward14 | €4,920 | €195 | €5,139 | €13,656 | €15,797 | ▲ 15.7% |
| Amounts payable17/49 | €57,874 | €35,463 | €75,830 | €78,108 | €71,973 | ▼ 7.9% |
| Amounts payable within one year42/48 | €57,874 | €35,463 | €75,830 | €78,108 | €71,973 | ▼ 7.9% |
| Trade debts44 | €30,078 | €25,191 | €33,730 | €55,866 | €17,867 | ▼ 68.0% |
| Suppliers440/4 | €30,078 | €25,191 | €33,730 | €55,866 | €17,867 | ▼ 68.0% |
| Taxes, remuneration and social security45 | €19,919 | €8,628 | €19,403 | €22,053 | €54,073 | ▲ 145% |
| Taxes450/3 | €8,546 | €2,586 | €12,363 | €2,759 | €4,652 | ▲ 68.6% |
| Remuneration and social security454/9 | €11,374 | €6,041 | €7,040 | €19,294 | €49,421 | ▲ 156% |
| Other amounts payable47/48 | €7,876 | €1,644 | €22,697 | €189 | €33 | ▼ 82.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,994 | -€4,725 | €4,944 | €8,517 | €2,140 | ▼ 74.9% |
| + Depreciation and write-downs630 | - | - | €53 | €276 | €1,542 | ▲ 459% |
| Operating cash flow (approximation) | -€6,994 | -€4,725 | €4,997 | €8,793 | €3,682 | ▼ 58.1% |
| Investment in fixed assets (approximation) | - | €0 | -€1,024 | -€2,801 | -€5,663 | ▼ 102% |
| Change in cash | - | -€28,685 | €902 | €23,026 | -€18,241 | ▼ 179% |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 106 days late
2023
31-12
Financial
Back to profitnet €4,944
Net result €4,944 after 2 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 50 days late
2021
31-12
Financial
Weakest financial yearnet -€6,994
Net result drops to -€6,994, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €12,722 ▲400%
Operating result €16,227, net result €12,722, both a record.
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 109 days late
2019
31-12
Financial
Back to profitnet €2,543
Net result €2,543 after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Schaarbeek · 1 establishment unit since 2018
Ground area
141 m²
Building footprint
140 m²
Volume, LiDAR
1,385 m³
Parcel 21908E0023/00M010, Brussels · tallest building 16.8 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AAMR
since 20182.272.265.976
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21908E0023/00M010 | Brussels | 141 m² | 1 · 140 m² | 16.8 m · 4 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.
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Of 1,046 companies in sector 47559 we hold annual accounts for 350. 265 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
Founded05-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47559Retail sale of other household articles
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0687589943
Registered
28-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.