AHEAD
ActiveSummary
AHEAD has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123,011 and a net result of €51,844. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 34% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88=
Solvency61▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.13 against 0.87 in 2024; short-term debt: 61.2% of total assets), and 63.8% 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
36.2%
Return on assets
15.2%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-02-2026, 4 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
4 d late
2024
6 d late
2023
2 d late
2022
on the day
2021
43 d late
2020
1 d late
2019
on the day
← 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 8 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€123,011▲ 72.8%
2024 · €71,167
Total assets
€340,261▲ 45.0%
2024 · €234,635
Net result
€51,844▲ 42.5%
2024 · €36,379
Working capital
€26,993
2024 · -€19,334
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€5,603▲ 52.4%-€4,309€3,297€59,203▲ 1,696%€84,633▲ 43.0%
Net result€3,494▼ 17.6%-€8,162€197€36,379▲ 18,386%€51,844▲ 42.5%
Equity€42,753▲ 8.9%€34,591▼ 19.1%€34,788▲ 0.6%€71,167▲ 105%€123,011▲ 72.8%
Total assets€202,416▲ 100%€174,740▼ 13.7%€153,762▼ 12.0%€234,635▲ 52.6%€340,261▲ 45.0%
Debt€159,662▲ 159%€140,149▼ 12.2%€118,974▼ 15.1%€163,468▲ 37.4%€217,249▲ 32.9%
Working capital-€21,704▼ 6.8%-€43,870▼ 102%-€48,479▼ 10.5%-€19,334▲ 60.1%€26,993
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 43% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €340,261
Fixed assets
€105,049 ▼ 1.5%
Current assets
€235,212 ▲ 83.8%
Equity and liabilities €340,261
Equity
€123,011 ▲ 72.8%
Debt
€217,249 ▲ 32.9%
Debt's share of the balance-sheet total falls from 69.7% to 63.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€87,756▲
2024 · €62,136
Cash flow
€54,967▲
2024 · €39,313
Current ratio
1.13▲
2024 · 0.87
Debt to equity
1.77▼
2024 · 2.30
ROE
42.1%▼
2024 · 51.1%
ROA
15.2%▼
2024 · 15.5%
Interest coverage
6.75▼
2024 · 11.38
Debt ≤ 1 year
€208,219▲
2024 · €147,295
Debt > 1 year
€9,030▼
2024 · €16,173
Income taxes
€19,782▲
2024 · €17,364
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 | - | €24,793 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,729 | €3,151 | €2,337 | €2,933 | €3,123 | ▲ 6.5% |
| Other operating charges640/8 | - | - | €2,629 | €2,837 | €4,931 | ▲ 73.9% |
| Gross operating margin9900 | €23,465 | -€1,158 | €8,262 | €64,973 | €92,687 | ▲ 42.7% |
| Operating profit (loss)9901 | €5,603 | -€4,309 | €3,297 | €59,203 | €84,633 | ▲ 43.0% |
| Financial income75/76B | - | - | €19 | - | €1 | - |
| Recurring financial income75 | - | - | €19 | - | €1 | - |
| Financial charges65/66B | - | €3,853 | €3,118 | €5,459 | €13,007 | ▲ 138% |
| Recurring financial charges65 | €1,836 | €3,853 | €3,118 | €5,459 | €13,007 | ▲ 138% |
| Profit (loss) for the period before taxes9903 | €3,767 | -€8,162 | €197 | €53,744 | €71,626 | ▲ 33.3% |
| Income taxes67/77 | €274 | - | - | €17,364 | €19,782 | ▲ 13.9% |
| Profit (loss) for the period9904 | €3,494 | -€8,162 | €197 | €36,379 | €51,844 | ▲ 42.5% |
| Profit (loss) for the period to be appropriated9905 | €3,494 | -€8,162 | €197 | €36,379 | €51,844 | ▲ 42.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €202,416 | €174,740 | €153,762 | €234,635 | €340,261 | ▲ 45.0% |
| Fixed assets21/28 | €102,445 | €108,919 | €106,582 | €106,674 | €105,049 | ▼ 1.5% |
| Tangible fixed assets22/27 | €2,445 | €8,919 | €6,582 | €6,674 | €4,699 | ▼ 29.6% |
| Plant, machinery and equipment23 | - | €412 | - | - | - | - |
| Furniture and vehicles24 | - | €8,507 | €6,582 | €6,674 | €4,699 | ▼ 29.6% |
| Financial fixed assets28 | €100,000 | €100,000 | €100,000 | €100,000 | €100,350 | ▲ 0.4% |
| Current assets29/58 | €99,971 | €65,821 | €47,180 | €127,962 | €235,212 | ▲ 83.8% |
| Amounts receivable within one year40/41 | €98,093 | €65,708 | €47,180 | €127,962 | €235,212 | ▲ 83.8% |
| Trade receivables40 | - | €57,890 | €39,362 | €42,921 | €99,713 | ▲ 132% |
| Other amounts receivable41 | - | €7,818 | €7,818 | €85,041 | €135,499 | ▲ 59.3% |
| Cash at bank and in hand54/58 | €785 | €113 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €202,416 | €174,740 | €153,762 | €234,635 | €340,261 | ▲ 45.0% |
| Equity10/15 | €42,753 | €34,591 | €34,788 | €71,167 | €123,011 | ▲ 72.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €24,153 | €15,991 | €16,188 | €52,567 | €104,411 | ▲ 98.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €14,131 | €14,328 | €50,707 | €102,551 | ▲ 102% |
| Amounts payable17/49 | €159,662 | €140,149 | €118,974 | €163,468 | €217,249 | ▲ 32.9% |
| Amounts payable after more than one year17 | €37,988 | €30,459 | €23,316 | €16,173 | €9,030 | ▼ 44.2% |
| Financial debts170/4 | - | €30,459 | €23,316 | €16,173 | €9,030 | ▼ 44.2% |
| Amounts payable within one year42/48 | €121,675 | €109,690 | €95,659 | €147,295 | €208,219 | ▲ 41.4% |
| Current portion of amounts payable after more than one year42 | - | €16,553 | €18,622 | €22,627 | €22,241 | ▼ 1.7% |
| Financial debts43 | - | €5,542 | €4,202 | €1,914 | €5,003 | ▲ 161% |
| Credit institutions430/8 | - | €5,542 | €4,202 | €1,914 | €5,003 | ▲ 161% |
| Trade debts44 | €36,367 | €29,158 | €29,488 | €56,583 | €111,647 | ▲ 97.3% |
| Suppliers440/4 | - | €29,158 | €29,488 | €56,583 | €111,647 | ▲ 97.3% |
| Taxes, remuneration and social security45 | - | €18,636 | €27,189 | €62,637 | €69,328 | ▲ 10.7% |
| Taxes450/3 | - | €4,636 | €27,189 | €62,637 | €69,328 | ▲ 10.7% |
| Remuneration and social security454/9 | - | €14,000 | - | - | - | - |
| Other amounts payable47/48 | - | €39,801 | €16,158 | €3,534 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,494 | -€8,162 | €197 | €36,379 | €51,844 | ▲ 42.5% |
| + Depreciation and write-downs630 | €17,729 | €3,151 | €2,337 | €2,933 | €3,123 | ▲ 6.5% |
| Operating cash flow (approximation) | €21,223 | -€5,011 | €2,534 | €39,313 | €54,967 | ▲ 39.8% |
| Investment in fixed assets (approximation) | - | -€9,626 | €0 | -€3,025 | -€1,498 | ▲ 50.5% |
| Change in cash | - | -€672 | - | - | - | - |
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
04-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
30-06
Financial
Highest result since 2019net €51,844 ▲42.5%
Operating result €84,633, net result €51,844, both a record.
30-06
Financial
Equity above €100,000Eq €123,011 ▲72.8%
3 profitable years in a row build equity to €123,011.
06-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
02-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
30-06
Financial
Back to profitnet €197
Net result €197 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€8,162
Net result drops to -€8,162, the lowest in the series; recovery starts the following year.
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
17-01
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lanaken · 1 establishment unit since 2012
Ground area
1,036 m²
Building footprint
160 m²
Volume, LiDAR
868 m³
Parcel 73088C0306/00L000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
AHEAD
since 20122.223.110.039
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73088C0306/00L000 | Flanders | 1,036 m² | 1 · 160 m² | 8.6 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 40,856 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 (pre-2019)
Founded04-12-2012
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.