AHM Welding

Active

Private limited companyfounded 20215 yrs activeGaardeniersweg 17, 9000 Gent, BelgiumKBO/BCE: BE 0763.748.108

The computed 12-month bankruptcy probability of AHM Welding is 1.7% (moderate). The 2024 annual accounts show equity of €402k and a net result of €335k. Equity is growing by ~274.6% per year across the filed fiscal years. Its solvency ranks better than 68% of 1221 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

68 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+34

Solvency86▲+52

Growth77▲+17

Track record94

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €25k at 30 days acceptable

Liquidity ample (current ratio 2.22 against 1.38 in 2023; short-term debt: 34.5% and cash: 1% of total assets), and 38.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Sector 25

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

61.4%

Return on assets

51.2%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

5 d late

2023

91 d late

2022

40 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Turnover

€1.27M▲ 12.9%

2022 · €1.13M

2022: €1.13M

2022 → 2023

EBIT margin

5.7%▲ 1.2pp

2022 · 4.6%

2022: 4.6%

2022 → 2023

Net result

€335k▲ 1,052%

2023 · €29k

2022: €30k 2023: €29k

2022 → 2024

Working capital

€275k▲ 35.7%

2023 · €203k

2022: €36k 2023: €203k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Turnover€1.13M-€1.27M▲ 12.9%

Equity€35k-€67k▲ 90.4%€402k▲ 502%

Operating result€51k-€73k▲ 42.2%€476k▲ 550%

Net result€30k-€29k▼ 3.3%€335k▲ 1,052%

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 risen two years in a row; 2024 is 550% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €655k

23.4%

76.6%

Fixed assets €153k▲ 200%

Current assets €501k▼ 31.4%

Equity and liabilities €655k

61.4%

38.6%

Equity €402k▲ 502%

Debt €253k▼ 64.6%

The debt ratio falls from 91.5% to 38.6%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€524k▲

2023 · €100k

Cash flow

€383k▲

2023 · €56k

Solvency

61.4%▲

2023 · 8.5%

Current ratio

2.22▲

2023 · 1.38

Quick ratio

1.89▲

2023 · 1.22

Debt / equity

0.63▼

2023 · 10.70

ROE

83.4%▲

2023 · 43.5%

ROA

51.2%▲

2023 · 3.7%

Interest coverage

28.68▲

2023 · 10.64

Debt

€253k▼

2023 · €715k

Debt ≤ 1 year

€226k▼

2023 · €528k

Debt > 1 year

€27k▼

2023 · €187k

Income taxes

€123k▲

2023 · €38k

Staff costs

€154k▲

2023 · €82k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€782k€655k▼

Fixed assets21/28€51k€153k▲

Tangible fixed assets22/27€49k€149k▲

Land and buildings22€1k-

Plant, machinery and equipment23€23k€52k▲

Furniture and vehicles24€17k€86k▲

Leasing and similar rights25€8k€4k▼

Other tangible fixed assets26-€7k

Financial fixed assets28€2k€5k▲

Current assets29/58€731k€501k▼

Stocks and contracts in progress3€87k€74k▼

Stocks30/36€12k€41k▲

Contracts in progress37€75k€34k▼

Amounts receivable within one year40/41€643k€412k▼

Trade receivables40€555k€348k▼

Other amounts receivable41€89k€64k▼

Cash at bank and in hand54/58-€7k

Deferred charges and accrued income490/1-€8k

Equity and liabilities

Total equity and liabilities10/49€782k€655k▼

Equity10/15€67k€402k▲

Contributions10/11€5k€5k=

Capital10€5k-

Issued capital100€5k-

Reserves13€62k€397k▲

Non-distributable reserves130/1€500€0▼

Legal reserve130€500-

Reserves not available under the articles1311-€0

Distributable reserves133€61k€397k▲

Amounts payable17/49€715k€253k▼

Amounts payable after more than one year17€187k€27k▼

Financial debts170/4€187k€27k▼

Amounts payable within one year42/48€528k€226k▼

Current portion of amounts payable after more than one year42-€23k

Financial debts43€25k€0▼

Credit institutions430/8€25k€0▼

Trade debts44€432k€79k▼

Suppliers440/4€432k€79k▼

Taxes, remuneration and social security45€30k€125k▲

Taxes450/3€25k€111k▲

Remuneration and social security454/9€5k€14k▲

Other amounts payable47/48€41k€0▼

Income statement Code20232024

Turnover70€1.27M-

Goods, raw materials, services and sundry goods60/61€1.18M-

Remuneration, social security and pensions62€82k€154k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€47k▲

Other operating charges640/8€5k€3k▼

Gross operating margin9900€187k€681k▲

Operating profit (loss)9901€73k€476k▲

Financial income75/76B€4k€417▼

Recurring financial income75€4k€417▼

Financial charges65/66B€9k€18k▲

Recurring financial charges65€9k€18k▲

Profit (loss) for the period before taxes9903€67k€458k▲

Income taxes67/77€38k€123k▲

Profit (loss) for the period9904€29k€335k▲

Profit (loss) for the period to be appropriated9905€29k€335k▲

Appropriation of the result

Profit (loss) to be appropriated9906€29k€335k▲

Transfer to equity691/2€29k€335k▲

To other reserves6921€29k€335k▲

Social balance

Average headcount (FTE)9087-2.9

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 3Filings 3

2025

05-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 5 days late

2024

31-12

Financial Highest result since 2022net €335k ▲1052%

Operating result €476k, net result €335k, both a record.

31-12

Financial Equity above €200kEq €402k ▲502%

3 profitable years in a row build equity to €402k.

30-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 91 days late

2023

31-12

Financial Weakest financial yearnet €29k ▼3.3%

Net result drops to €29k, the lowest in the series; recovery starts the following year.

09-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 40 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Gent · 1 establishment unit since 2021

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Gaardeniersweg 179000 Gent

Ground area

1.4 ha

Building footprint

4,634 m²

Volume, LiDAR

24,646 m³

Parcel 44807G0277/00B002, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Gaardeniersweg 17, 9000 Gent

Manufacture of fabricated metal products, except machinery and equipment

since 20212.313.892.240

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44807G0277/00B002	Flanders	1.4 ha	1 · 4,634 m²	7.6 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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 2024 · 2 entries · 3,668 EUR awarded · 3,608 EUR paid

Year	Entries	awarded	paid
2024	1	3,500 EUR	3,440 EUR
2023	1	168 EUR	168 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 3,668 EUR · 3,608 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

METAALCONSTRUCTIE BOUCKAERT

BE 0887.945.621

Oostrozebeke · Eq €404k

Of 3,463 companies in sector 25530 we hold annual accounts for 1,658. 1,327 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-02-2021

Fiscal year end31-12

Activities, NACEBEL

25530Machining of metals

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.