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AHJIN

Active
Private limited companyfounded 2025active for 1 yearRue de la Vallée 49, 1340 Ottignies-Louvain-la-Neuve, BelgiumKBO/BCE: BE 1025.458.264

Financials · financial year 2025, micro format

2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00535332.

Annual accounts 2025 filed on 30-09-2026 at the NBB

Turnover
≈ €55,000
Estimated: probably between €39,000 and €88,000
Total assets
€20,654
Net result
€8,392
Working capital
€9,096

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €20,654
Fixed assets €1,296
Current assets €19,358
Equity and liabilities €20,654
Equity €10,392
Debt €10,262
Debt's share of the balance-sheet total is 49.7%.
Key figures and ratios
2025 value
EBITDA
€11,506
Cash flow
€8,438
Current ratio
1.89
Debt to equity
0.99
ROE
80.8%
ROA
40.6%
Interest coverage
over 100
Debt ≤ 1 year
€10,262
Income taxes
€3,025

Investments

fixed assets acquired
Item2025
Tangible fixed assets€1,342
Depreciation and write-downs of the year€46

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 29 lines
Balance sheet Code2025
Assets
Total assets20/58€20,654
Fixed assets21/28€1,296
Tangible fixed assets22/27€1,296
Plant, machinery and equipment23€1,296
Current assets29/58€19,358
Amounts receivable within one year40/41€15,077
Trade receivables40€15,077
Cash at bank and in hand54/58€4,281
Equity and liabilities
Total equity and liabilities10/49€20,654
Equity10/15€10,392
Contributions10/11€2,000
Profit (loss) carried forward14€8,392
Amounts payable17/49€10,262
Amounts payable within one year42/48€10,262
Trade debts44€1,767
Suppliers440/4€1,767
Taxes, remuneration and social security45€6,368
Taxes450/3€6,368
Other amounts payable47/48€2,127
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46
Gross operating margin9900€11,506
Operating profit (loss)9901€11,460
Financial charges65/66B€43
Recurring financial charges65€43
Profit (loss) for the period before taxes9903€11,417
Income taxes67/77€3,025
Profit (loss) for the period9904€8,392
Profit (loss) for the period to be appropriated9905€8,392
Appropriation of the result
Profit (loss) to be appropriated9906€8,392

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46
Gross operating margin9900€11,506
Operating profit (loss)9901€11,460
Financial charges65/66B€43
Recurring financial charges65€43
Profit (loss) for the period before taxes9903€11,417
Income taxes67/77€3,025
Profit (loss) for the period9904€8,392
Profit (loss) for the period to be appropriated9905€8,392
Line2025
Assets
Total assets20/58€20,654
Fixed assets21/28€1,296
Tangible fixed assets22/27€1,296
Plant, machinery and equipment23€1,296
Current assets29/58€19,358
Amounts receivable within one year40/41€15,077
Trade receivables40€15,077
Cash at bank and in hand54/58€4,281
Equity and liabilities
Total equity and liabilities10/49€20,654
Equity10/15€10,392
Contributions10/11€2,000
Profit (loss) carried forward14€8,392
Amounts payable17/49€10,262
Amounts payable within one year42/48€10,262
Trade debts44€1,767
Suppliers440/4€1,767
Taxes, remuneration and social security45€6,368
Taxes450/3€6,368
Other amounts payable47/48€2,127
Line2025
Profit (loss) for the period9904€8,392
+ Depreciation and write-downs630€46
Operating cash flow (approximation)€8,438

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 11,279 companies had the same profile as AHJIN has now. Two years later, 96.6% were still going and 0.7% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
96.6% was still going
2.6% stopped otherwise
0.7% went bankrupt

That fits the bankruptcy probability of AHJIN itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 11,279 companies, not a prediction for AHJIN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 30-09-2026 2026-00535332 PDF

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