AHAG
ActiveSummary
AHAG has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €231,542 and a net result of €22,013. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 70% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability64▼-10
Solvency81▲+35
Growth85=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.94 against 0.81 in 2023; short-term debt: 43.7% and cash: 0.6% of total assets), and 43.7% 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
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 · 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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €231,542
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-01-2026, 162 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
162 d late
2023
13 d early
2022
30 d early
2021
34 d early
2020
26 d late
2019
41 d early
← 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 12 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€84,860▲ 6,222%
2021 · €1,342
EBIT margin
7.0%▼ 56.1pp
2021 · 63.1%
Net result
€22,013▼ 15.9%
2023 · €26,177
Working capital
-€11,023▲ 89.2%
2023 · -€102,071
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
Line20202021202220232024
Turnover€4,310▼ 42.9%€1,342▼ 68.9%€84,860▲ 6,222%
Operating result€4,310▲ 17.9%€847▼ 80.3%€5,975▲ 605%€36,936▲ 518%€45,356▲ 22.8%
Net result€4,300within the sector's middle half▲ 99.0%€165within the sector's middle half▼ 96.2%€5,777within the sector's middle half▲ 3,402%€26,177above the sector's middle half▲ 353%€22,013above the sector's middle half▼ 15.9%
EBIT margin100.0%▲ 51.6pp63.1%▼ 36.9pp7.0%▼ 56.1pp
Equity€37,410within the sector's middle half▲ 13.0%€37,575within the sector's middle half▲ 0.4%€43,352within the sector's middle half▲ 15.4%€139,529above the sector's middle half▲ 222%€231,542above the sector's middle half▲ 65.9%
Total assets€37,410below the sector's middle half▲ 13.0%€38,306below the sector's middle half▲ 2.4%€135,982within the sector's middle half▲ 255%€669,932above the sector's middle half▲ 393%€411,101above the sector's middle half▼ 38.6%
Debt€730€92,630▲ 12,582%€530,403▲ 473%€179,559▼ 66.1%
Working capital€36,725within the sector's middle half€18,502within the sector's middle half▼ 49.6%-€102,071below the sector's middle half-€11,023within the sector's middle half▲ 89.2%
Solvency100.0%above the sector's middle half=98.1%above the sector's middle half▼ 1.9pp31.9%within the sector's middle half▼ 66.2pp20.8%within the sector's middle half▼ 11.1pp56.3%within the sector's middle half▲ 35.5pp
Current ratio51.28above the sector's middle half1.20within the sector's middle half▼ 50.080.81below the sector's middle half▼ 0.390.94within the sector's middle half▲ 0.13
Return on assets (ROA)11.5%within the sector's middle half▲ 5.0pp0.4%within the sector's middle half▼ 11.1pp4.2%within the sector's middle half▲ 3.8pp3.9%within the sector's middle half▼ 0.3pp5.4%within the sector's middle half▲ 1.4pp
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.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 23% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €411,101
Fixed assets
€242,566 ▲ 0.4%
Current assets
€168,536 ▼ 60.7%
Equity and liabilities €411,101
Equity
€231,542 ▲ 65.9%
Debt
€179,559 ▼ 66.1%
Debt's share of the balance-sheet total falls from 79.2% to 43.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€71,330▲
2023 · €42,835
Cash flow
€47,987▲
2023 · €32,077
Quick ratio
0.21▼
2023 · 0.37
Debt to equity
0.78▼
2023 · 3.80
ROE
9.5%▼
2023 · 18.8%
Interest coverage
4.67▼
2023 · 100.59
Debt ≤ 1 year
€179,559▼
2023 · €530,403
Income taxes
€8,076▼
2023 · €10,333
Staff costs
€189,186▲
2023 · €1,098
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 34,696 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €4,310 | €1,342 | €84,860 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €284 | €3,100 | - | - | - |
| Remuneration, social security and pensions62 | - | €110 | €348 | €1,098 | €189,186 | ▲ 17,138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | €5,899 | €25,974 | ▲ 340% |
| Other operating charges640/8 | - | €101 | €438 | €829 | €305 | ▼ 63.2% |
| Non-recurring operating charges66A | - | - | €75,000 | - | - | - |
| Gross operating margin9900 | €4,310 | €1,058 | €81,760 | €44,762 | €260,821 | ▲ 483% |
| Operating profit (loss)9901 | €4,310 | €847 | €5,975 | €36,936 | €45,356 | ▲ 22.8% |
| Financial income75/76B | - | - | - | - | €5 | - |
| Recurring financial income75 | €0 | - | - | - | €5 | - |
| Financial charges65/66B | - | - | €154 | €426 | €15,272 | ▲ 3,486% |
| Recurring financial charges65 | €10 | - | €154 | €426 | €15,272 | ▲ 3,486% |
| Profit (loss) for the period before taxes9903 | €4,300 | €847 | €5,821 | €36,510 | €30,089 | ▼ 17.6% |
| Income taxes67/77 | €0 | €682 | €44 | €10,333 | €8,076 | ▼ 21.8% |
| Profit (loss) for the period9904 | €4,300 | €165 | €5,777 | €26,177 | €22,013 | ▼ 15.9% |
| Profit (loss) for the period to be appropriated9905 | €4,300 | €165 | €5,777 | €26,177 | €22,013 | ▼ 15.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,410 | €38,306 | €135,982 | €669,932 | €411,101 | ▼ 38.6% |
| Formation expenses20 | €850 | €850 | €24,850 | - | - | - |
| Fixed assets21/28 | - | - | - | €241,601 | €242,566 | ▲ 0.4% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | - | - | - | €241,601 | €242,566 | ▲ 0.4% |
| Land and buildings22 | - | - | - | - | €19,492 | - |
| Plant, machinery and equipment23 | - | - | - | €241,601 | €223,074 | ▼ 7.7% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €36,560 | €37,456 | €111,132 | €428,332 | €168,536 | ▼ 60.7% |
| Amounts receivable after more than one year29 | - | - | €82,278 | - | - | - |
| Other amounts receivable291 | - | - | €82,278 | - | - | - |
| Stocks and contracts in progress3 | €0 | - | - | €230,880 | €130,515 | ▼ 43.5% |
| Stocks30/36 | - | - | - | €230,880 | €130,515 | ▼ 43.5% |
| Amounts receivable within one year40/41 | €15,847 | €16,743 | €27,476 | €11,470 | €35,735 | ▲ 212% |
| Trade receivables40 | - | €3,476 | €9,860 | €960 | - | - |
| Other amounts receivable41 | - | €13,267 | €17,616 | €10,510 | €35,735 | ▲ 240% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €20,713 | €20,713 | €1,378 | €779 | €2,285 | ▲ 193% |
| Deferred charges and accrued income490/1 | - | - | - | €185,202 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,410 | €38,306 | €135,982 | €669,932 | €411,101 | ▼ 38.6% |
| Equity10/15 | €37,410 | €37,575 | €43,352 | €139,529 | €231,542 | ▲ 65.9% |
| Contributions10/11 | €0 | €30,000 | €30,000 | €100,000 | €170,000 | ▲ 70.0% |
| Outside capital11 | - | €30,000 | €30,000 | €100,000 | €170,000 | ▲ 70.0% |
| Other1109/19 | - | €30,000 | €30,000 | €100,000 | €170,000 | ▲ 70.0% |
| Profit (loss) carried forward14 | €7,410 | €7,575 | €13,352 | €39,529 | €61,542 | ▲ 55.7% |
| Amounts payable17/49 | - | €730 | €92,630 | €530,403 | €179,559 | ▼ 66.1% |
| Amounts payable within one year42/48 | - | €730 | €92,630 | €530,403 | €179,559 | ▼ 66.1% |
| Trade debts44 | - | €730 | - | €428,712 | €41,182 | ▼ 90.4% |
| Suppliers440/4 | - | €730 | - | €428,712 | €41,182 | ▼ 90.4% |
| Taxes, remuneration and social security45 | - | - | - | €10,333 | €18,409 | ▲ 78.2% |
| Taxes450/3 | - | - | - | €10,333 | €18,409 | ▲ 78.2% |
| Other amounts payable47/48 | - | - | €92,630 | €91,358 | €119,969 | ▲ 31.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,300 | €165 | €5,777 | €26,177 | €22,013 | ▼ 15.9% |
| + Depreciation and write-downs630 | €0 | - | - | €5,899 | €25,974 | ▲ 340% |
| Operating cash flow (approximation) | €4,300 | €165 | €5,777 | €32,077 | €47,987 | ▲ 49.6% |
| Investment in fixed assets (approximation) | - | - | - | - | -€26,939 | - |
| Change in cash | - | €0 | -€19,335 | -€599 | €1,506 | ▲ 351% |
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
2026
13-05
State Gazette act
Appointment: Fikreta Maksuti (non-statutory director)2 facts ▸
State Gazette act
Appointment: Fikreta Maksuti (non-statutory director)
2 facts ▸
- General meeting, 17-12-2025
- Director appointment, Fikreta Maksuti (non-statutory director)
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 162 days late
2024
31-12
Financial
Equity above €200,000Eq €231,542 ▲65.9%
6 profitable years in a row build equity to €231,542.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €26,177 ▲353%
Net result €26,177, the highest in the series.
31-12
Financial
Equity above €100,000Eq €139,529 ▲222%
5 profitable years in a row build equity to €139,529.
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €165 ▼96.2%
Net result drops to €165, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
20-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Fikreta Maksuti
CurrentNon-statutory director · since 01-01-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2021
Ground area
2,107 m²
Building footprint
2,122 m²
Volume, LiDAR
12,583 m³
Parcel 11346B1019/00S002, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ISMAR SUPERMARKT
since 20212.324.017.456
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B1019/00S002 | Flanders | 2,107 m² | 1 · 2,122 m² | 8.5 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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Fikreta Maksuti |
|
Articles of association
Other statement
One provision in the deed
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 2,630 EUR awarded · 2,630 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 630 EUR | 630 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.324.017.456
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 4,068 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
Founded10-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894806984
Also
9925:BE0894806984
Registered
07-01-2026
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.