Payment terms
1,287 days to suppliers
AHL Distribution pays its suppliers 271 days earlier than in 2023.
AHL Distribution
Lifetime
13 annual accounts with figures on one time axisTurnoverpeak €139.1m (2021)
-not published
Resultpeak €74,517 (2018)
€21,036▼ 46.9%
Equitypeak €633,413 (2024)
€633,413▲ 3.4%
Debts
€144,627▼ 66.1%
Staffpeak 1 FTE (2013)
-not published
Board5 names since 2017
2 directorsHochwald Foods GmbH and 1 other
Owners3 names in the annual accounts
consolidatesHochwald Foods GmbH and 1 other
Documentsfilings and deeds
28-08-202528 days late
2024financial year
Result from €39,648 to €21,036Debts from €427,133 to €144,627
Key points
from the 2024 annual accountsChecked score
57
Fair
Financially stronger than 67% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,900 companies (NACE 46, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.2%▲ +0.1 percentage points vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Figures for financial year 2024 (filed on 28-08-2025)
lowers risk
Liquidity: current ratio 5.38, cash €708,627
Equity €633,413 (81.4% of total assets)
Founded in 2012
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 92% on liquidity, 35% on profitability and 52% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,049 companies had the same profile as AHL Distribution has now. Each dot stands for 16 companies, two years later.
96.0%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of AHL Distribution itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 6,049 companies, not a prediction for AHL Distribution. 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.
Credit verdict
Credit of up to €35,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 5.38 (2.43 in 2023), above the usual 1.5. Short-term debt is 18.6% and cash 91.1% of total assets. 18.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 98 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline06-11-2026 today
raises risk · 2024 accounts filed 28 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
28 days late
2023
68 days late
2022
39 days early
2021
3 days early
2020
72 days early
2019
73 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 9 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Board and ownership
HF
Hochwald Foods GmbH
Director
SS
SOLAREC SA
Director
AA
ACF AUDIT BELGIUM SA
Auditor
- Hochwald Foods GmbH consolidatesannual accounts 2024
- LDA Coop SC consolidatesscore 90equity €113.9m (2025) · annual accounts 2024
- SOLAREC 50%score 85equity €89.0m (2025) · 2023 annual accounts of SOLAREC
Recent changes
New director general
Thilo POMYKALA appointed, Volker LOHSE resigned · Permanent representatives: Louis SKA and Geoffrey PAULUS · General meeting of 26-04-2021 · Gazette deed
First establishment
Recogne,Rue de Saint-Hubert 75, Libramont-Chevigny
Incorporation
published on 04-05-2012 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| AHL Distribution Libramont-Chevigny | €0.8m | - | 81.4% | - |
| JAMILA PRODUCTS Molenbeek-Saint-Jean | €0.8m | €171,620 | 69.9% | - |
| CONO BELGIË Brecht | €0.6m | €163,122 | 66.0% | 0.7 |
| FROMAGERIE DE ROCHEFORT Rochefort | €0.6m | €665,120 | 55.7% | - |
| DAIRYCOM FOODS Braine-le-Château | €1.2m | €320,167 | 51.1% | - |
| Froka Kortenberg | €1.4m | €312,059 | 14.2% | 3.3 |
| ITAFOOD Wavre | €1.4m | €998,704 | 25.5% | 11.6 |
These companies have the same main activity as AHL Distribution: wholesale trade (NACE 46331). They are comparable in size and age: total assets between €565,000 and €1.4m, founded between 2011 and 2014.
Official details
Source: KBO- Status
- Active since 23-04-2012Normal situation
- Activity
- Wholesale tradeNACE 46331
- Establishment unit
- 2.209.915.9606800 Libramont-Chevigny, since 01-06-2012
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on AHL Distribution
AHL Distribution has existed since 2012. The present size dates from 2013. Turnover rose that year from €22.6m to €85.4m.
Solvency rose in 2024 from 58.9% to 81.4% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AHL Distribution
- What is the company number of AHL Distribution?
- The company number of AHL Distribution is 0845.437.548. The VAT number is the same number with BE in front: BE 0845.437.548.
- Where is AHL Distribution based?
- The registered office is at Recogne,Rue de Saint-Hubert 75, 6800 Libramont-Chevigny.Company details
- What does AHL Distribution do?
- According to the KBO register, the main activity is wholesale trade (NACE 46331).
- What is the legal form of AHL Distribution?
- AHL Distribution is a public limited company (NV).
- When was AHL Distribution founded?
- AHL Distribution was founded on 23-04-2012.
- Is AHL Distribution still active?
- Yes, AHL Distribution is an active enterprise in the KBO register.
- How many employees does AHL Distribution have?
- AHL Distribution had an average of 1 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of AHL Distribution?
- The annual accounts for financial year 2024 state no turnover. In financial year 2022 turnover was €129.9m.
- Is AHL Distribution profitable?
- In financial year 2024, AHL Distribution made a profit of €21,036.
- Where can I find the annual accounts of AHL Distribution?
- AHL Distribution filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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