AANN
ActiveSummary
AANN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.4m and a net result of -€103,696. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 85% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+12
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.03 in 2024; short-term debt: 18.4% and cash: 0% of total assets), and 20.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
79.7%
Return on assets
-0.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
9 d early
2023
26 d early
2022
50 d late
2021
52 d late
2020
2 d late
2019
61 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 18 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€103,696▲ 33.1%
2024 · -€154,966
Working capital
-€2.1m▼ 2.9%
2024 · -€2.1m
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-€30,457-€24,358▲ 20.0%€52,400-€56,290-€24,553▲ 56.4%
Net result-€105,269▼ 32.4%-€100,208▲ 4.8%-€48,855▲ 51.2%-€154,966▼ 217%-€103,696▲ 33.1%
Equity€9.8m▼ 1.1%€9.7m▼ 1.0%€9.7m▼ 0.5%€9.5m▼ 1.6%€9.4m▼ 1.1%
Total assets€12.2m▼ 1.3%€12.1m▼ 1.2%€12.0m▼ 0.4%€11.9m▼ 1.5%€11.8m▼ 0.1%
Debt€2.4m▼ 2.5%€2.3m▼ 1.9%€2.3m▼ 0.2%€2.3m▼ 1.2%€2.4m▲ 3.9%
Working capital-€2.0m▲ 10.9%-€1.9m▲ 0.8%-€2.0m▼ 2.6%-€2.1m▼ 3.2%-€2.1m▼ 2.9%
Staff (FTE)2=1.3▼ 35.0%1.4▲ 7.7%1.4=1.3▼ 7.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24,553 in 2025 against €56,290 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.8m
Fixed assets
€11.8m ▼ 0.1%
Current assets
€59,040 ▼ 5.0%
Equity and liabilities €11.8m
Equity
€9.4m ▼ 1.1%
Debt
€2.4m ▲ 3.9%
Debt's share of the balance-sheet total rises from 19.5% to 20.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€182,398▲
2024 · €172,043
Cash flow
€103,255▲
2024 · €73,367
Current ratio
0.03▼
2024 · 0.03
Debt to equity
0.25▲
2024 · 0.24
ROE
-1.1%▲
2024 · -1.6%
ROA
-0.9%▲
2024 · -1.3%
Interest coverage
3.20▲
2024 · 1.74
Debt ≤ 1 year
€2.2m▲
2024 · €2.1m
Debt > 1 year
€39,778▲
2024 · €9,698
Income taxes
€22,223▲
2024 · €0
Staff costs
€40,599▼
2024 · €47,452
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,240 | €13,821 | €13,364 | €4,805 | ▼ 64.0% |
| Remuneration, social security and pensions62 | €72,629 | €40,652 | €43,520 | €47,452 | €40,599 | ▼ 14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €266,208 | €262,866 | €249,841 | €228,333 | €206,952 | ▼ 9.4% |
| Other operating charges640/8 | €37,958 | €36,402 | €41,177 | €57,278 | €49,042 | ▼ 14.4% |
| Non-recurring operating charges66A | €3,984 | €4,383 | €227 | €1,799 | €260 | ▼ 85.5% |
| Gross operating margin9900 | €350,322 | €319,944 | €387,166 | €278,572 | €272,299 | ▼ 2.3% |
| Operating profit (loss)9901 | -€30,457 | -€24,358 | €52,400 | -€56,290 | -€24,553 | ▲ 56.4% |
| Financial income75/76B | €71 | €4 | €97 | €6 | €12 | ▲ 114% |
| Recurring financial income75 | €71 | €4 | €97 | €6 | €12 | ▲ 114% |
| Financial charges65/66B | €66,540 | €59,312 | €72,951 | €98,682 | €56,932 | ▼ 42.3% |
| Recurring financial charges65 | €66,540 | €59,312 | €72,951 | €98,682 | €56,932 | ▼ 42.3% |
| Profit (loss) for the period before taxes9903 | -€96,927 | -€83,665 | -€20,455 | -€154,966 | -€81,473 | ▲ 47.4% |
| Income taxes67/77 | €8,342 | €16,542 | €28,400 | €0 | €22,223 | - |
| Profit (loss) for the period9904 | -€105,269 | -€100,208 | -€48,855 | -€154,966 | -€103,696 | ▲ 33.1% |
| Profit (loss) for the period to be appropriated9905 | -€105,269 | -€100,208 | -€48,855 | -€154,966 | -€103,696 | ▲ 33.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.2m | €12.1m | €12.0m | €11.9m | €11.8m | ▼ 0.1% |
| Fixed assets21/28 | €12.2m | €12.0m | €12.0m | €11.8m | €11.8m | ▼ 0.1% |
| Tangible fixed assets22/27 | €12.2m | €12.0m | €12.0m | €11.8m | €11.8m | ▼ 0.1% |
| Land and buildings22 | €12.1m | €12.0m | €11.9m | €11.7m | €11.7m | ▼ 0.5% |
| Plant, machinery and equipment23 | €4,304 | €2,200 | €1,407 | €798 | €670 | ▼ 16.0% |
| Furniture and vehicles24 | €39,222 | €35,349 | €55,920 | €51,165 | €103,485 | ▲ 102% |
| Assets under construction and advance payments27 | €10,624 | €10,624 | €10,624 | €0 | - | - |
| Financial fixed assets28 | €202 | €202 | €202 | €202 | €202 | = |
| Current assets29/58 | €29,969 | €64,310 | €66,867 | €62,151 | €59,040 | ▼ 5.0% |
| Amounts receivable within one year40/41 | €15,909 | €37,202 | €35,427 | €35,190 | €40,838 | ▲ 16.1% |
| Trade receivables40 | €14,809 | €18,619 | €4,545 | €8,956 | €37,552 | ▲ 319% |
| Other amounts receivable41 | €1,100 | €18,583 | €30,882 | €26,234 | €3,286 | ▼ 87.5% |
| Cash at bank and in hand54/58 | €331 | €414 | €16,050 | €7,600 | €122 | ▼ 98.4% |
| Deferred charges and accrued income490/1 | €13,730 | €26,694 | €15,390 | €19,362 | €18,079 | ▼ 6.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.2m | €12.1m | €12.0m | €11.9m | €11.8m | ▼ 0.1% |
| Equity10/15 | €9.8m | €9.7m | €9.7m | €9.5m | €9.4m | ▼ 1.1% |
| Contributions10/11 | €718,891 | €718,891 | €718,891 | €718,891 | €718,891 | = |
| Revaluation surpluses12 | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | = |
| Reserves13 | €8,769 | €8,769 | €8,769 | €8,769 | €8,769 | = |
| Non-distributable reserves130/1 | €8,769 | €8,769 | €8,769 | €8,769 | €8,769 | = |
| Reserves not available under the articles1311 | €8,769 | €8,769 | €8,769 | €8,769 | €8,769 | = |
| Profit (loss) carried forward14 | €304,581 | €204,374 | €155,519 | €553 | -€103,143 | ▼ 18,753% |
| Amounts payable17/49 | €2.4m | €2.3m | €2.3m | €2.3m | €2.4m | ▲ 3.9% |
| Amounts payable after more than one year17 | €189,182 | €129,334 | €89,620 | €9,698 | €39,778 | ▲ 310% |
| Financial debts170/4 | €189,182 | €129,334 | €89,620 | €9,698 | €39,778 | ▲ 310% |
| Amounts payable within one year42/48 | €2.0m | €2.0m | €2.1m | €2.1m | €2.2m | ▲ 2.6% |
| Current portion of amounts payable after more than one year42 | €58,446 | €59,848 | €77,774 | €79,922 | €24,084 | ▼ 69.9% |
| Financial debts43 | €7,298 | €3,481 | €10,326 | €0 | €9,614 | - |
| Credit institutions430/8 | €7,298 | €3,481 | €10,326 | €0 | €9,614 | - |
| Trade debts44 | €69,748 | €51,965 | €61,600 | €44,363 | €91,643 | ▲ 107% |
| Suppliers440/4 | €69,748 | €51,965 | €61,600 | €44,363 | €91,643 | ▲ 107% |
| Taxes, remuneration and social security45 | €56,988 | €64,915 | €75,174 | €82,659 | €77,731 | ▼ 6.0% |
| Taxes450/3 | €55,970 | €58,467 | €65,661 | €74,520 | €70,362 | ▼ 5.6% |
| Remuneration and social security454/9 | €1,018 | €6,448 | €9,512 | €8,139 | €7,370 | ▼ 9.5% |
| Other amounts payable47/48 | €1.8m | €1.8m | €1.8m | €1.9m | €2.0m | ▲ 3.1% |
| Accrued charges and deferred income492/3 | €205,700 | €202,167 | €183,333 | €175,000 | €178,107 | ▲ 1.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€105,269 | -€100,208 | -€48,855 | -€154,966 | -€103,696 | ▲ 33.1% |
| + Depreciation and write-downs630 | €266,208 | €262,866 | €249,841 | €228,333 | €206,952 | ▼ 9.4% |
| Operating cash flow (approximation) | €160,939 | €162,658 | €200,986 | €73,367 | €103,255 | ▲ 40.7% |
| Investment in fixed assets (approximation) | - | -€83,069 | -€193,140 | -€49,911 | -€195,646 | ▼ 292% |
| Change in cash | - | €83 | €15,636 | -€8,450 | -€7,477 | ▲ 11.5% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€154,966
Net result drops to -€154,966, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 52 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 2 days late
2020
31-12
Financial
Equity above €5mEq €9.9m ▲718%
Equity rises from €1.2m to €9.9m.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
31-12
Financial
Highest result since 2018net €143,619 ▲19.9%
Operating result €262,330, net result €143,619, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Brussel · 1 establishment unit since 1990
Ground area
486 m²
Building footprint
294 m²
Volume, LiDAR
4,722 m³
Parcel 21808H1535/00H000, Brussels · tallest building 26.6 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
HODGE BELGIUM SCA
since 19902.050.595.836
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1535/00H000 | Brussels | 486 m² | 1 · 294 m² | 26.6 m · 6 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 12,042 companies in sector 68203 we hold annual accounts for 5,995. 1,961 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
Founded14-09-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
71112Activities of interior architects
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442010984
Registered
27-03-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.