AHA
ActiveSummary
AHA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €171,602 and a net result of €148,642. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 56% 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
Profitability100▲+57
Solvency62▲+35
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.47 in 2024; short-term debt: 63.2% and cash: 5% of total assets), and 63.2% 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○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 · 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
36.8%
Return on assets
31.9%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €171,602
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
24 d late
2023
1 d late
2022
on the day
2021
2 d late
2020
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€171,602▲ 647%
2024 · €22,960
Total assets
€466,405▼ 50.2%
2024 · €936,532
Net result
€148,642▲ 570%
2024 · €22,170
Working capital
-€95,789▲ 80.3%
2024 · -€485,580
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€193-€1,385-€910▲ 34.3%€30,896-€40,923
Net result-€578▲ 84.9%-€10,840▼ 1,777%-€16,532▼ 52.5%€22,170€148,642▲ 570%
Equity€28,161▼ 2.0%€17,322▼ 38.5%€790▼ 95.4%€22,960▲ 2,808%€171,602▲ 647%
Total assets€783,172▲ 2,217%€852,333▲ 8.8%€890,790▲ 4.5%€936,532▲ 5.1%€466,405▼ 50.2%
Debt€755,011▲ 14,821%€835,011▲ 10.6%€890,000▲ 6.6%€913,573▲ 2.6%€294,803▼ 67.7%
Working capital-€721,839-€732,678▼ 1.5%-€749,210▼ 2.3%-€485,580▲ 35.2%-€95,789▲ 80.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +570%, Equity +647%, Total assets -50% on 2024. Cause not known from the registers.
- 2021 Total assets +2,217% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €40,923 after €30,896 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €466,405
Fixed assets
€267,391 ▼ 47.4%
Current assets
€199,014 ▼ 53.5%
Equity and liabilities €466,405
Equity
€171,602 ▲ 647%
Debt
€294,803 ▼ 67.7%
Debt's share of the balance-sheet total falls from 97.5% to 63.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.68▲
2024 · 0.47
Debt to equity
1.72▼
2024 · 39.79
ROE
86.6%▼
2024 · 96.6%
ROA
31.9%▲
2024 · 2.4%
Debt ≤ 1 year
€294,803▼
2024 · €913,573
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 | - | €102 | €109 | €118 | €120 | ▲ 1.7% |
| Gross operating margin9900 | €294 | -€1,283 | -€801 | €31,014 | -€40,803 | ▼ 232% |
| Operating profit (loss)9901 | €193 | -€1,385 | -€910 | €30,896 | -€40,923 | ▼ 232% |
| Financial income75/76B | - | - | - | - | €484,500 | - |
| Recurring financial income75 | - | - | - | - | €484,500 | - |
| Financial charges65/66B | - | €9,455 | €15,622 | €8,726 | €294,934 | ▲ 3,280% |
| Recurring financial charges65 | €770 | €9,455 | €15,622 | €8,726 | €294,934 | ▲ 3,280% |
| Profit (loss) for the period before taxes9903 | -€578 | -€10,840 | -€16,532 | €22,170 | €148,642 | ▲ 570% |
| Profit (loss) for the period9904 | -€578 | -€10,840 | -€16,532 | €22,170 | €148,642 | ▲ 570% |
| Profit (loss) for the period to be appropriated9905 | -€578 | -€10,840 | -€16,532 | €22,170 | €148,642 | ▲ 570% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €783,172 | €852,333 | €890,790 | €936,532 | €466,405 | ▼ 50.2% |
| Fixed assets21/28 | €750,000 | €750,000 | €750,000 | €508,540 | €267,391 | ▼ 47.4% |
| Financial fixed assets28 | €750,000 | €750,000 | €750,000 | €508,540 | €267,391 | ▼ 47.4% |
| Current assets29/58 | €33,172 | €102,333 | €140,790 | €427,993 | €199,014 | ▼ 53.5% |
| Stocks and contracts in progress3 | - | - | €100,488 | €282,046 | - | - |
| Stocks30/36 | - | - | €100,488 | €282,046 | - | - |
| Amounts receivable within one year40/41 | - | €22,801 | €35,404 | €93,489 | €175,525 | ▲ 87.8% |
| Trade receivables40 | - | €9,164 | €14,097 | €47,956 | - | - |
| Other amounts receivable41 | - | €13,637 | €21,307 | €45,533 | €175,525 | ▲ 285% |
| Cash at bank and in hand54/58 | €33,172 | €15,179 | €4,897 | €52,458 | €23,489 | ▼ 55.2% |
| Deferred charges and accrued income490/1 | - | €64,352 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €783,172 | €852,333 | €890,790 | €936,532 | €466,405 | ▼ 50.2% |
| Equity10/15 | €28,161 | €17,322 | €790 | €22,960 | €171,602 | ▲ 647% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €6,161 | -€4,678 | -€21,210 | €960 | €149,602 | ▲ 15,489% |
| Amounts payable17/49 | €755,011 | €835,011 | €890,000 | €913,573 | €294,803 | ▼ 67.7% |
| Amounts payable within one year42/48 | €755,011 | €835,011 | €890,000 | €913,573 | €294,803 | ▼ 67.7% |
| Financial debts43 | - | €525,000 | €525,000 | - | - | - |
| Credit institutions430/8 | - | €525,000 | €525,000 | - | - | - |
| Trade debts44 | - | - | - | €40,154 | - | - |
| Suppliers440/4 | - | - | - | €40,154 | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €38,214 | - |
| Taxes450/3 | - | - | - | - | €38,214 | - |
| Other amounts payable47/48 | - | €310,011 | €365,000 | €873,419 | €256,589 | ▼ 70.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€578 | -€10,840 | -€16,532 | €22,170 | €148,642 | ▲ 570% |
| Operating cash flow (approximation) | -€578 | -€10,840 | -€16,532 | €22,170 | €148,642 | ▲ 570% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €241,460 | €241,149 | ▼ 0.1% |
| Change in cash | - | -€17,993 | -€10,282 | €47,561 | -€28,969 | ▼ 161% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2020net €148,642 ▲570%
Net result €148,642, the highest in the series.
30-06
Financial
Equity above €150,000Eq €171,602 ▲647%
2 profitable years in a row build equity to €171,602.
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
30-06
Financial
Back to profitnet €22,170
Net result €22,170 after 4 loss-making years.
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
30-06
Financial
Weakest financial yearnet -€16,532
Net result drops to -€16,532, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Berlaar · 1 establishment unit since 2017
Ground area
440 m²
Building footprint
170 m²
Volume, LiDAR
963 m³
Parcel 12002D0301/00F002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
AHA
since 20172.268.229.192
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12002D0301/00F002 | Flanders | 440 m² | 1 · 170 m² | 8.4 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
No owner stated in the accounts, acts or LEI register we read.
Holdings 1
- Sourceaccounts GEME 202450%
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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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,340 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
Founded27-09-2017
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
68122Development of non-residential building projects
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0681820819
Also
9925:BE0681820819
Registered
17-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.