AHLEX
ActiveSummary
AHLEX has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€940,888) and a net result of -€1.1m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 933 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-11
Solvency0▼-32
Growth55▼-13
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.21 against 1.87 in 2024; short-term debt: 22.6% and cash: 5.4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-25.4%
Return on assets
-30.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€940,888
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 · 6 filingsDeviation from the deadline
2025
30 d early
2024
51 d early
2023
36 d early
2022
12 d early
2021
20 d early
2020
32 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 30 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€2.1m▲ 37.4%
2024 · €1.5m
EBIT margin
-54.6%▼ 36.0pp
2024 · -18.6%
Net result
-€1.1m▼ 137%
2024 · -€473,378
Working capital
€179,196▼ 83.7%
2024 · €1.1m
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
Turnover€1.2m▲ 741%€761,005▼ 37.2%€1.2m▲ 54.7%€1.5m▲ 30.4%€2.1m▲ 37.4%
Operating result-€32,793▲ 62.7%-€90,175▼ 175%-€188,457▼ 109%-€285,711▼ 51.6%-€1.2m▼ 303%
Net result-€60,754▲ 55.5%-€116,773▼ 92.2%-€244,323▼ 109%-€473,378▼ 93.8%-€1.1m▼ 137%
EBIT margin-2.7%▲ 58.4pp-11.8%▼ 9.1pp-16.0%▼ 4.2pp-18.6%▼ 2.6pp-54.6%▼ 36.0pp
Equity-€135,631▼ 81.1%-€252,404▼ 86.1%€836,079€362,701▼ 56.6%-€940,888
Total assets€1.1m▲ 23.8%€1.2m▲ 2.7%€3.0m▲ 164%€5.1m▲ 67.0%€3.7m▼ 27.2%
Debt€1.3m▲ 28.2%€1.4m▲ 11.7%€1.9m▲ 37.1%€4.4m▲ 130%€4.4m▼ 0.4%
Working capital€282,422▼ 24.2%-€81,070€975,009€1.1m▲ 12.7%€179,196▼ 83.7%
Staff (FTE)3.1▲ 55.0%5▲ 61.3%8.1▲ 62.0%8.9▲ 9.9%10.5▲ 18.0%
Why a figure moved sharply
- 2025 Net result -137% on 2024. Cause not known from the registers.
- 2024 Net result -94%, Equity -57%, Total assets +67% on 2023. Cause not known from the registers.
- 2023 Turnover +55%, Net result -109%, Total assets +164% on 2022. Cause not known from the registers.
- 2022 Equity -86% on 2021. Cause not known from the registers.
- 2021 Turnover +741% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.2m in 2025 against €285,711 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.7m
Fixed assets
€2.7m ▼ 1.2%
Current assets
€1.0m ▼ 57.1%
Key figures and ratios
EBITDA
-€235,551▼
2024 · -€4,616
Cash flow
-€206,627▼
2024 · -€192,284
Solvency
-25.4%▼
2024 · 7.1%
Current ratio
1.21▼
2024 · 1.87
Debt to equity
-4.70▼
2024 · 12.24
ROA
-30.4%▼
2024 · -9.3%
Interest coverage
-1.13▼
2024 · -0.02
Debt ≤ 1 year
€833,689▼
2024 · €1.3m
Debt > 1 year
€3.3m▲
2024 · €3.0m
Income taxes
€1,930▲
2024 · -€558
Staff costs
€1.0m▲
2024 · €923,480
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.3m | €1.1m | €1.7m | €2.3m | €2.8m | ▲ 23.6% |
| Turnover70 | €1.2m | €761,005 | €1.2m | €1.5m | €2.1m | ▲ 37.4% |
| Own construction capitalised72 | €100,381 | €96,937 | €84,458 | €170,840 | €249,392 | ▲ 46.0% |
| Other operating income74 | €10,000 | €214,511 | €398,655 | €565,103 | €448,200 | ▼ 20.7% |
| Operating charges60/66A | €1.4m | €1.2m | €1.8m | €2.6m | €4.0m | ▲ 54.8% |
| Services and other goods61 | €948,087 | €541,432 | €934,488 | €1.3m | €2.0m | ▲ 51.1% |
| Remuneration, social security and pensions62 | €289,331 | €491,666 | €692,610 | €923,480 | €1.0m | ▲ 11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90,533 | €129,530 | €221,316 | €281,094 | €916,689 | ▲ 226% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €15,200 | €0 | ▼ 100% |
| Other operating charges640/8 | €26,819 | - | €597 | €2,846 | €818 | ▼ 71.3% |
| Operating profit (loss)9901 | -€32,793 | -€90,175 | -€188,457 | -€285,711 | -€1.2m | ▼ 303% |
| Financial income75/76B | €4,454 | €2,898 | €6,252 | €2,988 | €181,750 | ▲ 5,983% |
| Recurring financial income75 | €4,454 | €2,898 | €6,252 | €2,988 | €181,750 | ▲ 5,983% |
| Other financial income752/9 | €4,454 | €2,898 | €6,252 | €2,988 | €181,750 | ▲ 5,983% |
| Financial charges65/66B | €30,607 | €29,136 | €59,836 | €191,213 | €210,988 | ▲ 10.3% |
| Recurring financial charges65 | €30,607 | €29,136 | €59,836 | €191,213 | €210,988 | ▲ 10.3% |
| Debt charges650 | €27,025 | €27,025 | €52,759 | €189,990 | €208,259 | ▲ 9.6% |
| Other financial charges652/9 | €3,582 | €2,110 | €7,077 | €1,224 | €2,729 | ▲ 123% |
| Profit (loss) for the period before taxes9903 | -€58,945 | -€116,413 | -€242,042 | -€473,936 | -€1.2m | ▼ 149% |
| Transfer from deferred taxes780 | - | - | - | - | €60,091 | - |
| Income taxes67/77 | €1,809 | €360 | €2,282 | -€558 | €1,930 | ▲ 446% |
| Taxes670/3 | €1,809 | €360 | €2,282 | €1,069 | €1,930 | ▲ 80.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €1,627 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€60,754 | -€116,773 | -€244,323 | -€473,378 | -€1.1m | ▼ 137% |
| Profit (loss) for the period to be appropriated9905 | -€60,754 | -€116,773 | -€244,323 | -€473,378 | -€1.1m | ▼ 137% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €3.0m | €5.1m | €3.7m | ▼ 27.2% |
| Fixed assets21/28 | €563,587 | €735,306 | €1.2m | €2.7m | €2.7m | ▼ 1.2% |
| Intangible fixed assets21 | €362,131 | €427,587 | €743,230 | €635,941 | €1.7m | ▲ 163% |
| Tangible fixed assets22/27 | €200,556 | €305,945 | €474,893 | €2.1m | €1.0m | ▼ 51.6% |
| Plant, machinery and equipment23 | - | - | €5,788 | €14,664 | €474,409 | ▲ 3,135% |
| Furniture and vehicles24 | - | - | €21,200 | €16,871 | €58,361 | ▲ 246% |
| Other tangible fixed assets26 | - | - | - | €22,312 | €473,133 | ▲ 2,021% |
| Assets under construction and advance payments27 | €200,556 | €305,945 | €447,905 | €2.0m | €0 | ▼ 100% |
| Financial fixed assets28 | €900 | €1,774 | €2,425 | €2,619 | €3,064 | ▲ 17.0% |
| Other financial fixed assets284/8 | €900 | €1,774 | €2,425 | €2,619 | €3,064 | ▲ 17.0% |
| Amounts receivable and cash guarantees285/8 | €900 | €1,774 | €2,425 | €2,619 | €3,064 | ▲ 17.0% |
| Current assets29/58 | €560,603 | €419,204 | €1.8m | €2.4m | €1.0m | ▼ 57.1% |
| Stocks and contracts in progress3 | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €159,291 | €232,505 | €1.5m | €1.3m | €643,942 | ▼ 51.7% |
| Trade receivables40 | €99,213 | €214,557 | €380,301 | €822,813 | €577,201 | ▼ 29.9% |
| Other amounts receivable41 | €60,078 | €17,948 | €1.2m | €509,544 | €66,741 | ▼ 86.9% |
| Cash at bank and in hand54/58 | €377,588 | €144,344 | €218,856 | €956,709 | €198,137 | ▼ 79.3% |
| Deferred charges and accrued income490/1 | €23,724 | €42,355 | €56,850 | €73,214 | €170,806 | ▲ 133% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €3.0m | €5.1m | €3.7m | ▼ 27.2% |
| Equity10/15 | -€135,631 | -€252,404 | €836,079 | €362,701 | -€940,888 | ▼ 359% |
| Contributions10/11 | €61,500 | €61,500 | €561,500 | €561,500 | €561,500 | = |
| Capital10 | €61,500 | €61,500 | €561,500 | €561,500 | €561,500 | = |
| Issued capital100 | €61,500 | €61,500 | €561,500 | €561,500 | €561,500 | = |
| Profit (loss) carried forward14 | -€197,131 | -€313,904 | -€558,227 | -€1.0m | -€2.2m | ▼ 109% |
| Investment grants15 | - | - | €832,806 | €832,806 | €652,534 | ▼ 21.6% |
| Provisions and deferred taxes16 | - | - | €277,601 | €277,601 | €217,510 | ▼ 21.6% |
| Deferred taxes168 | - | - | €277,601 | €277,601 | €217,510 | ▼ 21.6% |
| Amounts payable17/49 | €1.3m | €1.4m | €1.9m | €4.4m | €4.4m | ▼ 0.4% |
| Amounts payable after more than one year17 | €888,500 | €888,500 | €1.0m | €3.0m | €3.3m | ▲ 12.8% |
| Other amounts payable178/9 | €888,500 | €888,500 | €1.0m | €3.0m | €3.3m | ▲ 12.8% |
| Amounts payable within one year42/48 | €278,181 | €500,275 | €846,644 | €1.3m | €833,689 | ▼ 34.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €377,700 | €0 | ▼ 100% |
| Trade debts44 | €185,583 | €164,868 | €243,123 | €620,129 | €552,197 | ▼ 11.0% |
| Suppliers440/4 | €185,583 | €164,868 | €243,123 | €620,129 | €552,197 | ▼ 11.0% |
| Advances received on contracts in progress46 | €9,460 | - | €23,140 | €4,574 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €77,281 | €131,837 | €179,421 | €260,241 | €281,492 | ▲ 8.2% |
| Taxes450/3 | €397 | €21,727 | €25,646 | €29,240 | €33,485 | ▲ 14.5% |
| Remuneration and social security454/9 | €76,885 | €110,110 | €153,775 | €231,001 | €248,007 | ▲ 7.4% |
| Other amounts payable47/48 | €5,856 | €203,570 | €400,960 | €960 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €93,140 | €18,140 | €43,377 | €215,104 | €248,232 | ▲ 15.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€60,754 | -€116,773 | -€244,323 | -€473,378 | -€1.1m | ▼ 137% |
| + Depreciation and write-downs630 | €90,533 | €129,530 | €221,316 | €281,094 | €916,689 | ▲ 226% |
| Operating cash flow (approximation) | €29,779 | €12,757 | -€23,008 | -€192,284 | -€206,627 | ▼ 7.5% |
| Investment in fixed assets (approximation) | - | -€301,249 | -€706,557 | -€1.8m | -€883,318 | ▲ 50.3% |
| Change in cash | - | -€233,244 | €74,512 | €737,854 | -€758,573 | ▼ 203% |
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 · full schema
2025
31-12
Financial
Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity triplescurrent ratio 2.15
Current ratio from 0.84 to 2.15.
31-12
Financial
Equity above €500,000Eq €836,079
Equity rises from -€252,404 to €836,079.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Machelen (Brab.) · 1 establishment unit since 2019
Ground area
9,606 m²
Building footprint
2,797 m²
Volume, LiDAR
20,763 m³
Parcel 23015A0090/00N000, Flanders · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AHLEX
since 20192.293.056.739
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015A0090/00N000 | Flanders | 9,606 m² | 1 · 2,797 m² | 8.7 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 188,082 EUR awarded · 180,654 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 72,417 EUR |
| 2024 | 1 | 0 EUR | 108,237 EUR |
| 2023 | 1 | 188,082 EUR | 0 EUR |
Recognitions · licences · registrations
Quality registration as a provider
1 live approvalQuality registration as a provider
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,415. 6,317 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0726384894
Also
9925:BE0726384894
Registered
20-12-2024
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.