AH DEVELOPMENT
ActiveSummary
AH DEVELOPMENT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84,717 and a net result of -€5,946. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 71% of 9559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▲+25
Solvency98▲+98
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 44.83 against 43.94 in 2024; short-term debt: 0.5% and cash: 22.6% of total assets), and 26.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
17 d early
2023
29 d early
2022
31 d early
2021
11 d early
2020
37 d early
2019
25 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 22 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 3 July (5 of the last 5 filed years within 30 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
Equity
€84,717
2024 · -€103,137
Total assets
€115,297▲ 17.0%
2024 · €98,586
Net result
-€5,946▲ 94.8%
2024 · -€113,488
Working capital
€25,428▼ 3.0%
2024 · €26,208
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Operating result€12,872€17,443▲ 35.5%€21,561▲ 23.6%-€3,868-€5,452▼ 40.9%
Net result€2,765within the sector's middle half€2,823within the sector's middle half▲ 2.1%-€2,343below the sector's middle half-€113,488below the sector's middle half▼ 4,743%-€5,946below the sector's middle half▲ 94.8%
Equity€9,871below the sector's middle half▲ 38.9%€12,694below the sector's middle half▲ 28.6%€10,350below the sector's middle half▼ 18.5%-€103,137below the sector's middle half€84,717within the sector's middle half
Total assets€481,472above the sector's middle half▲ 24.0%€638,167above the sector's middle half▲ 32.5%€663,012above the sector's middle half▲ 3.9%€98,586within the sector's middle half▼ 85.1%€115,297within the sector's middle half▲ 17.0%
Debt€471,602▲ 23.7%€625,474▲ 32.6%€652,662▲ 4.3%€201,723▼ 69.1%€30,580▼ 84.8%
Working capital-€407,759below the sector's middle half▼ 22.5%€65,140within the sector's middle half€89,657within the sector's middle half▲ 37.6%€26,208within the sector's middle half▼ 70.8%€25,428within the sector's middle half▼ 3.0%
Solvency2.1%below the sector's middle half▲ 0.2pp2.0%below the sector's middle half▼ 0.1pp1.6%below the sector's middle half▼ 0.4pp-104.6%below the sector's middle half▼ 106.2pp73.5%within the sector's middle half▲ 178.1pp
Current ratio0.14below the sector's middle half▲ 0.0122.26above the sector's middle half▲ 22.1227.42above the sector's middle half▲ 5.1743.94above the sector's middle half▲ 16.5244.83above the sector's middle half▲ 0.89
Return on assets (ROA)0.6%below the sector's middle half▲ 3.1pp0.4%below the sector's middle half▼ 0.1pp-0.4%below the sector's middle half▼ 0.8pp-115.1%below the sector's middle half▼ 114.8pp-5.2%below the sector's middle half▲ 110.0pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,452 in 2025 against €3,868 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115,297
Fixed assets
€89,289 ▲ 24.4%
Current assets
€26,008 ▼ 3.0%
Equity and liabilities €115,297
Equity
€84,717
Debt
€30,580
Debt finances 26.5% of the balance-sheet total.
Key figures and ratios
Debt to equity
0.36▲
2024 · -1.96
ROE
-7.0%
Debt ≤ 1 year
€580▼
2024 · €610
Debt > 1 year
€30,000▼
2024 · €201,113
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €449 | €450 | €493 | €647 | €801 | ▲ 23.7% |
| Gross operating margin9900 | €13,320 | €17,893 | €22,055 | -€3,221 | -€4,651 | ▼ 44.4% |
| Operating profit (loss)9901 | €12,872 | €17,443 | €21,561 | -€3,868 | -€5,452 | ▼ 40.9% |
| Financial income75/76B | €2,501 | €2,651 | €3,142 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €2,501 | €2,651 | €3,142 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €12,608 | €17,272 | €27,047 | €109,620 | €494 | ▼ 99.5% |
| Recurring financial charges65 | €12,608 | €17,272 | €27,047 | €109,620 | €494 | ▼ 99.5% |
| Profit (loss) for the period before taxes9903 | €2,765 | €2,823 | -€2,343 | -€113,488 | -€5,946 | ▲ 94.8% |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | €2,765 | €2,823 | -€2,343 | -€113,488 | -€5,946 | ▲ 94.8% |
| Profit (loss) for the period to be appropriated9905 | €2,765 | €2,823 | -€2,343 | -€113,488 | -€5,946 | ▲ 94.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €481,472 | €638,167 | €663,012 | €98,586 | €115,297 | ▲ 17.0% |
| Fixed assets21/28 | €417,630 | €569,963 | €569,963 | €71,767 | €89,289 | ▲ 24.4% |
| Financial fixed assets28 | €417,630 | €569,963 | €569,963 | €71,767 | €89,289 | ▲ 24.4% |
| Current assets29/58 | €63,843 | €68,205 | €93,050 | €26,819 | €26,008 | ▼ 3.0% |
| Amounts receivable after more than one year29 | €44,187 | €46,838 | €49,648 | €0 | - | - |
| Other amounts receivable291 | €44,187 | €46,838 | €49,648 | €0 | - | - |
| Amounts receivable within one year40/41 | €15,418 | €20,851 | €26,979 | €25,911 | €0 | ▼ 100% |
| Trade receivables40 | €15,000 | €20,076 | €26,661 | €25,000 | €0 | ▼ 100% |
| Other amounts receivable41 | €418 | €775 | €318 | €911 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €4,238 | €516 | €16,423 | €908 | €26,008 | ▲ 2,764% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €481,472 | €638,167 | €663,012 | €98,586 | €115,297 | ▲ 17.0% |
| Equity10/15 | €9,871 | €12,694 | €10,350 | -€103,137 | €84,717 | ▲ 182% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €200,000 | ▲ 3,126% |
| Reserves13 | €789 | €789 | €789 | €789 | €789 | = |
| Non-distributable reserves130/1 | €789 | €789 | €0 | - | - | - |
| Reserves not available under the articles1311 | €789 | €789 | €0 | - | - | - |
| Distributable reserves133 | - | - | €789 | €789 | €789 | = |
| Profit (loss) carried forward14 | €2,881 | €5,704 | €3,361 | -€110,127 | -€116,073 | ▼ 5.4% |
| Amounts payable17/49 | €471,602 | €625,474 | €652,662 | €201,723 | €30,580 | ▼ 84.8% |
| Amounts payable after more than one year17 | - | €622,333 | €649,193 | €201,113 | €30,000 | ▼ 85.1% |
| Other amounts payable178/9 | - | €622,333 | €649,193 | €201,113 | €30,000 | ▼ 85.1% |
| Amounts payable within one year42/48 | €471,602 | €3,064 | €3,393 | €610 | €580 | ▼ 4.9% |
| Trade debts44 | €429 | €527 | €3,230 | €610 | €580 | ▼ 4.9% |
| Suppliers440/4 | €429 | €527 | €3,230 | €610 | €580 | ▼ 4.9% |
| Taxes, remuneration and social security45 | €0 | - | - | - | - | - |
| Taxes450/3 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €471,173 | €2,538 | €163 | €0 | - | - |
| Accrued charges and deferred income492/3 | €0 | €76 | €76 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,765 | €2,823 | -€2,343 | -€113,488 | -€5,946 | ▲ 94.8% |
| Operating cash flow (approximation) | €2,765 | €2,823 | -€2,343 | -€113,488 | -€5,946 | ▲ 94.8% |
| Investment in fixed assets (approximation) | - | -€152,333 | €0 | €498,195 | -€17,521 | ▼ 104% |
| Change in cash | - | -€3,721 | €15,907 | -€15,515 | €25,100 | ▲ 262% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€113,488
Net result drops to -€113,488, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 164current ratio 22.26
Current ratio from 0.14 to 22.26; short-term debt falls from €471,602 to €3,064.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2,765
Net result €2,765 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
25-07
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 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, Antwerpen · 1 establishment unit since 2005
Ground area
3,094 m²
Building footprint
1,135 m²
Volume, LiDAR
35,901 m³
Parcel 11810K1503/00X000, Flanders · tallest building 46.7 m, ±13 floors. Linked by address, not a title deed.
32
companies at this address
See who is registered here
1 establishment unit
AH DEVELOPMENT
since 20052.148.219.705
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1503/00X000 | Flanders | 3,094 m² | 1 · 1,135 m² | 46.7 m · 13 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 ownerOwners 1
-
45%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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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PLUSARCHITECTEN
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Of 18,254 companies in sector 71111 we hold annual accounts for 6,321. 5,475 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
Founded06-07-2005
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0874895062
Also
9925:BE0874895062
Registered
20-12-2025
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.