AHC
ActiveSummary
AHC has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.01M and a net result of €60k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 61% of 482 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-4
Solvency83=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 2.54 in 2024; short-term debt: 13.6% and cash: 2.7% of total assets), and 41.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% 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
58.2%
Return on assets
3.5%
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
16 d early
2023
27 d late
2022
4 d early
2021
5 d early
2020
2 d early
2019
28 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.01M▼ 0.8%
2024 · €1.01M
2018: €336klowest in 8 years
2019: €485k▲ +44.3% vs 2018
2020: €431k▼ -11.3% vs 2019
2021: €422k▼ -2.1% vs 2020
2022: €613k▲ +45.5% vs 2021
2023: €944k▲ +53.9% vs 2022
2024: €1.01M▲ +7.4% vs 2023highest in 8 years
2025: €1.01M▼ -0.8% vs 2024
2018 → 2025
Total assets
€1.73M▼ 1.2%
2024 · €1.75M
2018: €556klowest in 8 years
2019: €793k▲ +42.5% vs 2018
2020: €571k▼ -28.0% vs 2019
2021: €578k▲ +1.3% vs 2020
2022: €1.33M▲ +130% vs 2021
2023: €1.73M▲ +29.9% vs 2022
2024: €1.75M▲ +1.3% vs 2023highest in 8 years
2025: €1.73M▼ -1.2% vs 2024
2018 → 2025
Net result
€60k▼ 47.8%
2024 · €115k
2018: €186k
2019: €449k▲ +141% vs 2018highest in 8 years
2020: €68k▼ -84.9% vs 2019
2021: €101k▲ +49.6% vs 2020
2022: €192k▲ +89.2% vs 2021
2023: €331k▲ +72.5% vs 2022
2024: €115k▼ -65.3% vs 2023
2025: €60k▼ -47.8% vs 2024lowest in 8 years
2018 → 2025
Working capital
€196k▼ 38.3%
2024 · €317k
2018: €174k
2019: €320k▲ +84.0% vs 2018highest in 8 years
2020: €267k▼ -16.4% vs 2019
2021: €261k▼ -2.3% vs 2020
2022: €80k▼ -69.3% vs 2021lowest in 8 years
2023: €296k▲ +269% vs 2022
2024: €317k▲ +7.4% vs 2023
2025: €196k▼ -38.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€422k-€613k▲ 45.5%€944k▲ 53.9%€1.01M▲ 7.4%€1.01M▼ 0.8%
2021: €422klowest in 5 years
2022: €613k▲ +45.5% vs 2021
2023: €944k▲ +53.9% vs 2022
2024: €1.01M▲ +7.4% vs 2023highest in 5 years
2025: €1.01M▼ -0.8% vs 2024
Operating result€31k-€25k▼ 19.3%€80k▲ 223%€73k▼ 9.3%€62k▼ 14.8%
2021: €31k
2022: €25k▼ -19.3% vs 2021lowest in 5 years
2023: €80k▲ +223% vs 2022highest in 5 years
2024: €73k▼ -9.3% vs 2023
2025: €62k▼ -14.8% vs 2024
Net result€101k-€192k▲ 89.2%€331k▲ 72.5%€115k▼ 65.3%€60k▼ 47.8%
2021: €101k
2022: €192k▲ +89.2% vs 2021
2023: €331k▲ +72.5% vs 2022highest in 5 years
2024: €115k▼ -65.3% vs 2023
2025: €60k▼ -47.8% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.73M
Fixed assets
€1.30M ▲ 5.8%
Current assets
€431k ▼ 17.6%
Equity and liabilities €1.73M
Equity
€1.01M ▼ 0.8%
Debt
€723k ▼ 1.9%
Debt's share of the balance-sheet total falls from 42.1% to 41.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€103k▼
2024 · €113k
Cash flow
€101k▼
2024 · €155k
Current ratio
1.83▼
2024 · 2.54
Debt to equity
0.72▼
2024 · 0.73
ROE
6.0%▼
2024 · 11.3%
ROA
3.5%▼
2024 · 6.6%
Interest coverage
12.58▲
2024 · 11.99
Debt ≤ 1 year
€235k▲
2024 · €206k
Debt > 1 year
€487k▼
2024 · €530k
Income taxes
€27k▼
2024 · €34k
Staff costs
€309k▲
2024 · €253k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.75M€1.73M▼
Fixed assets21/28€1.23M€1.30M▲
Tangible fixed assets22/27€966k€933k▼
Land and buildings22€892k€858k▼
Furniture and vehicles24-€1k
Other tangible fixed assets26€75k€74k▼
Financial fixed assets28€261k€365k▲
Current assets29/58€523k€431k▼
Amounts receivable within one year40/41€321k€384k▲
Trade receivables40€10k€15k▲
Other amounts receivable41€311k€369k▲
Cash at bank and in hand54/58€202k€46k▼
Deferred charges and accrued income490/1€332€334▲
Equity and liabilities
Total equity and liabilities10/49€1.75M€1.73M▼
Equity10/15€1.01M€1.01M▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€808k€801k▼
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€807k€799k▼
Profit (loss) carried forward14€187k€187k=
Amounts payable17/49€737k€723k▼
Amounts payable after more than one year17€530k€487k▼
Financial debts170/4€530k€487k▼
Amounts payable within one year42/48€206k€235k▲
Current portion of amounts payable after more than one year42€43k€43k▲
Trade debts44€34k€58k▲
Suppliers440/4€34k€58k▲
Taxes, remuneration and social security45€86k€70k▼
Taxes450/3€52k€44k▼
Remuneration and social security454/9€35k€25k▼
Other amounts payable47/48€43k€64k▲
Accrued charges and deferred income492/3€600€600=
Income statement
Code20242025
Non-recurring operating income76A-€14k
Remuneration, social security and pensions62€253k€309k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€41k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€371k€417k▲
Operating profit (loss)9901€73k€62k▼
Financial income75/76B€85k€33k▼
Recurring financial income75€85k€33k▼
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€149k€87k▼
Income taxes67/77€34k€27k▼
Profit (loss) for the period9904€115k€60k▼
Profit (loss) for the period to be appropriated9905€115k€60k▼
Appropriation of the result
Profit (loss) to be appropriated9906€302k€247k▼
Profit (loss) brought forward from the previous period14P€187k€187k=
Transfer from equity791/2€45k€68k▲
Transfer to equity691/2€115k€60k▼
To other reserves6921€115k€60k▼
Profit to be distributed694/7€45k€68k▲
Return on contributions (dividend)694€45k€68k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €14k | - |
| Remuneration, social security and pensions62 | €114k | €165k | €225k | €253k | €309k | ▲ 21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €36k | €39k | €40k | €41k | ▲ 2.6% |
| Other operating charges640/8 | - | €8k | €4k | €5k | €5k | ▲ 15.5% |
| Gross operating margin9900 | €147k | €234k | €348k | €371k | €417k | ▲ 12.5% |
| Operating profit (loss)9901 | €31k | €25k | €80k | €73k | €62k | ▼ 14.8% |
| Financial income75/76B | €81k | €197k | €310k | €85k | €33k | ▼ 60.8% |
| Recurring financial income75 | €81k | €197k | €310k | €85k | €33k | ▼ 60.8% |
| Financial charges65/66B | €149 | €9k | €9k | €9k | €8k | ▼ 13.0% |
| Recurring financial charges65 | €149 | €9k | €9k | €9k | €8k | ▼ 13.0% |
| Profit (loss) for the period before taxes9903 | €111k | €213k | €381k | €149k | €87k | ▼ 41.3% |
| Income taxes67/77 | €10k | €21k | €50k | €34k | €27k | ▼ 18.9% |
| Profit (loss) for the period9904 | €101k | €192k | €331k | €115k | €60k | ▼ 47.8% |
| Profit (loss) for the period to be appropriated9905 | €101k | €192k | €331k | €115k | €60k | ▼ 47.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €578k | €1.33M | €1.73M | €1.75M | €1.73M | ▼ 1.2% |
| Fixed assets21/28 | €161k | €1.15M | €1.27M | €1.23M | €1.30M | ▲ 5.8% |
| Tangible fixed assets22/27 | €51k | €1.04M | €1.01M | €966k | €933k | ▼ 3.4% |
| Land and buildings22 | €51k | €959k | €925k | €892k | €858k | ▼ 3.8% |
| Furniture and vehicles24 | €0 | - | - | - | €1k | - |
| Other tangible fixed assets26 | - | €81k | €81k | €75k | €74k | ▼ 1.3% |
| Financial fixed assets28 | €111k | €111k | €261k | €261k | €365k | ▲ 39.8% |
| Current assets29/58 | €417k | €181k | €462k | €523k | €431k | ▼ 17.6% |
| Amounts receivable within one year40/41 | €130k | €148k | €289k | €321k | €384k | ▲ 19.8% |
| Trade receivables40 | €37k | €931 | - | €10k | €15k | ▲ 58.5% |
| Other amounts receivable41 | €93k | €147k | €289k | €311k | €369k | ▲ 18.6% |
| Cash at bank and in hand54/58 | €279k | €22k | €170k | €202k | €46k | ▼ 77.0% |
| Deferred charges and accrued income490/1 | €8k | €11k | €2k | €332 | €334 | ▲ 0.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €578k | €1.33M | €1.73M | €1.75M | €1.73M | ▼ 1.2% |
| Equity10/15 | €422k | €613k | €944k | €1.01M | €1.01M | ▼ 0.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | €19k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €216k | €408k | €739k | €808k | €801k | ▼ 1.0% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €215k | €406k | €737k | €807k | €799k | ▼ 1.0% |
| Profit (loss) carried forward14 | €187k | €187k | €187k | €187k | €187k | = |
| Amounts payable17/49 | €157k | €717k | €785k | €737k | €723k | ▼ 1.9% |
| Amounts payable after more than one year17 | - | €615k | €573k | €530k | €487k | ▼ 8.1% |
| Financial debts170/4 | - | €615k | €573k | €530k | €487k | ▼ 8.1% |
| Amounts payable within one year42/48 | €156k | €100k | €166k | €206k | €235k | ▲ 14.2% |
| Current portion of amounts payable after more than one year42 | - | €41k | €42k | €43k | €43k | ▲ 1.4% |
| Trade debts44 | €5k | - | €21k | €34k | €58k | ▲ 71.0% |
| Suppliers440/4 | €5k | - | €21k | €34k | €58k | ▲ 71.0% |
| Taxes, remuneration and social security45 | €74k | €59k | €103k | €86k | €70k | ▼ 19.2% |
| Taxes450/3 | €52k | €33k | €70k | €52k | €44k | ▼ 14.4% |
| Remuneration and social security454/9 | €21k | €26k | €32k | €35k | €25k | ▼ 26.4% |
| Other amounts payable47/48 | €77k | - | - | €43k | €64k | ▲ 49.0% |
| Accrued charges and deferred income492/3 | €1k | €2k | €46k | €600 | €600 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101k | €192k | €331k | €115k | €60k | ▼ 47.8% |
| + Depreciation and write-downs630 | €2k | €36k | €39k | €40k | €41k | ▲ 2.6% |
| Operating cash flow (approximation) | €104k | €227k | €370k | €155k | €101k | ▼ 34.8% |
| Investment in fixed assets (approximation) | - | €-1.02M | €-157k | €0 | €-112k | - |
| Change in cash | - | €-257k | €148k | €32k | €-156k | ▼ 585% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €60k ▼47.8%
Net result drops to €60k, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €1MEq €1.01M ▲7.4%
7 profitable years in a row build equity to €1.01M.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500kEq €613k ▲45.5%
5 profitable years in a row build equity to €613k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €449k ▲141%
Operating result €407k, net result €449k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Etterbeek · 1 establishment unit since 2015
Ground area
443 m²
Building footprint
222 m²
Volume, LiDAR
3,470 m³
Parcel 21362B0285/00R002, Brussels · tallest building 20.1 m, ±6 floors. Linked by address, not a title deed.
55
companies at this address
See who is registered here
1 establishment unit
AHC
since 20152.242.425.313
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0285/00R002 | Brussels | 443 m² | 1 · 221 m² | 20.1 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500JV3JSMW37YAQ48
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Of 3,152 companies in sector 63920 we hold annual accounts for 1,525. 722 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
Founded24-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
63920Other information service activities
70200Business and other management consultancy
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
73300Public relations and communication consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.