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AINAUT

Active
Private limited companyfounded 20196 yrs activeRue de la Bruyère 23, 1332 Rixensart, BelgiumKBO/BCE: BE 0738.642.429
Summary

The computed 12-month bankruptcy probability of AINAUT is 3.5% (moderate). The 2024 annual accounts show negative equity (-€4,546) and a net result of €1,060. Equity is shrinking by ~42.9% per year across the filed fiscal years. Its solvency ranks better than 8% of 36380 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability71▲+71
Solvency17▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85 against 0.78 in 2023; short-term debt: 108.3% and cash: 6.4% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2024
Solvency, return and age of the figures
Solvency
-8.3%
Return on assets
1.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 36380 sector peers (2024).
NBB · sector comparison
Position among 36380 sector peers
Solvency
better than 8%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2026, 309 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filings
Deviation from the deadline
2025
not confirmed
2024
309 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 99 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

AINAUT was incorporated on 2 December 2019 as a Private limited company.1 Total assets went from EUR 56,489 in 2020 to EUR 54,579 in 2024 and headcount from 0.7 to 2.8 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1,060
2023 · -€17,046
Working capital
-€8,597▲ 42.2%
2023 · -€14,864
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€6,705-€1,614▼ 75.9%€542▼ 66.4%-€16,870€1,701
Net result€5,050within the sector's middle half--€496below the sector's middle half-€613below the sector's middle half▼ 23.5%-€17,046below the sector's middle half▼ 2,681%€1,060within the sector's middle half
Equity€12,550below the sector's middle half-€12,054below the sector's middle half▼ 4.0%€11,441below the sector's middle half▼ 5.1%-€5,605below the sector's middle half-€4,546below the sector's middle half▲ 18.9%
Total assets€56,489below the sector's middle half-€63,800below the sector's middle half▲ 12.9%€80,388below the sector's middle half▲ 26.0%€63,073below the sector's middle half▼ 21.5%€54,579below the sector's middle half▼ 13.5%
Debt€43,939-€51,746▲ 17.8%€68,947▲ 33.2%€68,679▼ 0.4%€59,125▼ 13.9%
Working capital-€9,817--€5,766▲ 41.3%-€1,907▲ 66.9%-€14,864▼ 679%-€8,597▲ 42.2%
Solvency22.2%within the sector's middle half-18.9%below the sector's middle half▼ 3.3pp14.2%below the sector's middle half▼ 4.7pp-8.9%below the sector's middle half▼ 23.1pp-8.3%below the sector's middle half▲ 0.6pp
Staff (FTE)0.7below the sector's middle half-2.6below the sector's middle half▲ 271%3below the sector's middle half▲ 15.4%3=2.8▼ 6.7%
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2020: €6,705€6,705Net result 2020: €5,050€5,050Operating result 2021: €1,614€1,614Net result 2021: -€496-€496Operating result 2022: €542€542Net result 2022: -€613-€613Operating result 2023: -€16,870-€16,870Net result 2023: -€17,046-€17,046Operating result 2024: €1,701€1,701Net result 2024: €1,060€1,06020202021202220232024-€20,000-€15,000-€10,000-€5,000€0Operating result 2022: €542€542Net result 2022: -€613-€613Operating result 2023: -€16,870-€16,900Net result 2023: -€17,046-€17,000Operating result 2024: €1,701€1,700Net result 2024: €1,060€1,060202220232024
The operating result returns to profit in 2024: €1,701 after a loss of €16,870 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €54,579
Fixed assets €4,051 ▼ 62.8%
Current assets €50,527 ▼ 3.2%
Key figures and ratios
2024 value · change against 2023
EBITDA
€8,539▲
2023 · -€10,072
Cash flow
€7,897▲
2023 · -€10,248
Current ratio
0.85▲
2023 · 0.78
Debt to equity
-13.01▼
2023 · -12.25
ROA
1.9%▲
2023 · -27.0%
Interest coverage
9.96▲
2023 · -24.17
Debt ≤ 1 year
€59,125▼
2023 · €67,049
Staff costs
€184,142▼
2023 · €198,436
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 908 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a profit under 5% of the balance sheet
5.9% went bankrupt
3.9% stopped otherwise
89% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 908 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet Code20232024
Assets
Total assets20/58€63,073€54,579▼
Fixed assets21/28€10,889€4,051▼
Tangible fixed assets22/27€10,739€3,901▼
Plant, machinery and equipment23€1,226€436▼
Furniture and vehicles24€2,971€756▼
Leasing and similar rights25€6,542€2,709▼
Financial fixed assets28€150€150=
Current assets29/58€52,185€50,527▼
Stocks and contracts in progress3€2,196-
Stocks30/36€2,196-
Amounts receivable within one year40/41€47,488€45,510▼
Trade receivables40€39,848€33,311▼
Other amounts receivable41€7,639€12,200▲
Cash at bank and in hand54/58€740€3,487▲
Deferred charges and accrued income490/1€1,761€1,530▼
Equity and liabilities
Total equity and liabilities10/49€63,073€54,579▼
Equity10/15-€5,605-€4,546▲
Contributions10/11€7,500€7,500=
Profit (loss) carried forward14-€13,105-€12,046▲
Amounts payable17/49€68,679€59,125▼
Amounts payable after more than one year17€1,630-
Financial debts170/4€1,630-
Amounts payable within one year42/48€67,049€59,125▼
Current portion of amounts payable after more than one year42€2,377€1,630▼
Trade debts44€29,423€19,500▼
Suppliers440/4€29,423€19,500▼
Taxes, remuneration and social security45€35,180€26,443▼
Taxes450/3€3,471€52▼
Remuneration and social security454/9€31,709€26,392▼
Other amounts payable47/48€68€11,552▲
Income statement Code20232024
Non-recurring operating income76A€251-
Remuneration, social security and pensions62€198,436€184,142▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,798€6,837▲
Other operating charges640/8€3,246€685▼
Non-recurring operating charges66A€840-
Gross operating margin9900€192,450€193,365▲
Operating profit (loss)9901-€16,870€1,701▲
Financial income75/76B€214€216▲
Recurring financial income75€214€216▲
Financial charges65/66B€417€858▲
Recurring financial charges65€417€858▲
Profit (loss) for the period before taxes9903-€17,073€1,060▲
Income taxes67/77-€27-
Profit (loss) for the period9904-€17,046€1,060▲
Profit (loss) for the period to be appropriated9905-€17,046€1,060▲
Appropriation of the result
Profit (loss) to be appropriated9906-€13,105-€12,046▲
Profit (loss) brought forward from the previous period14P€3,941-€13,105▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A-€2,358-€251--
Remuneration, social security and pensions62-€152,720€182,000€198,436€184,142▼ 7.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,001€6,771€6,771€6,798€6,837▲ 0.6%
Other operating charges640/8-€797€1,180€3,246€685▼ 78.9%
Non-recurring operating charges66A---€840--
Gross operating margin9900€65,196€161,903€190,494€192,450€193,365▲ 0.5%
Operating profit (loss)9901€6,705€1,614€542-€16,870€1,701▲ 110%
Financial income75/76B-€5€202€214€216▲ 1.0%
Recurring financial income75€28€5€202€214€216▲ 1.0%
Financial charges65/66B-€838€645€417€858▲ 106%
Recurring financial charges65€425€838€645€417€858▲ 106%
Profit (loss) for the period before taxes9903€6,308€781€99-€17,073€1,060▲ 106%
Income taxes67/77€1,258€1,277€712-€27--
Profit (loss) for the period9904€5,050-€496-€613-€17,046€1,060▲ 106%
Profit (loss) for the period to be appropriated9905€5,050-€496-€613-€17,046€1,060▲ 106%
Line20202021202220232024Change
Assets
Total assets20/58€56,489€63,800€80,388€63,073€54,579▼ 13.5%
Fixed assets21/28€30,897€24,126€17,355€10,889€4,051▼ 62.8%
Tangible fixed assets22/27€30,747€23,976€17,205€10,739€3,901▼ 63.7%
Plant, machinery and equipment23-€2,367€1,644€1,226€436▼ 64.4%
Furniture and vehicles24-€7,401€5,186€2,971€756▼ 74.6%
Leasing and similar rights25-€14,208€10,375€6,542€2,709▼ 58.6%
Financial fixed assets28€150€150€150€150€150=
Current assets29/58€25,592€39,673€63,033€52,185€50,527▼ 3.2%
Stocks and contracts in progress3--€1,621€2,196--
Stocks30/36--€1,621€2,196--
Amounts receivable within one year40/41€24,463€35,197€50,931€47,488€45,510▼ 4.2%
Trade receivables40-€23,143€41,505€39,848€33,311▼ 16.4%
Other amounts receivable41-€12,053€9,426€7,639€12,200▲ 59.7%
Cash at bank and in hand54/58€1,130€1,843€7,810€740€3,487▲ 371%
Deferred charges and accrued income490/1-€2,633€2,671€1,761€1,530▼ 13.2%
Equity and liabilities
Total equity and liabilities10/49€56,489€63,800€80,388€63,073€54,579▼ 13.5%
Equity10/15€12,550€12,054€11,441-€5,605-€4,546▲ 18.9%
Contributions10/11-€7,500€7,500€7,500€7,500=
Profit (loss) carried forward14€5,050€4,554€3,941-€13,105-€12,046▲ 8.1%
Amounts payable17/49€43,939€51,746€68,947€68,679€59,125▼ 13.9%
Amounts payable after more than one year17€8,530€6,306€4,007€1,630--
Financial debts170/4-€6,306€4,007€1,630--
Amounts payable within one year42/48€35,409€45,439€64,940€67,049€59,125▼ 11.8%
Current portion of amounts payable after more than one year42-€2,223€2,299€2,377€1,630▼ 31.5%
Trade debts44€18,344€14,420€10,926€29,423€19,500▼ 33.7%
Suppliers440/4-€14,420€10,926€29,423€19,500▼ 33.7%
Taxes, remuneration and social security45-€28,796€51,715€35,180€26,443▼ 24.8%
Taxes450/3-€5,028€4,419€3,471€52▼ 98.5%
Remuneration and social security454/9-€23,768€47,296€31,709€26,392▼ 16.8%
Other amounts payable47/48---€68€11,552▲ 16,968%
Line20202021202220232024Change
Profit (loss) for the period9904€5,050-€496-€613-€17,046€1,060▲ 106%
+ Depreciation and write-downs630€4,001€6,771€6,771€6,798€6,837▲ 0.6%
Operating cash flow (approximation)€9,051€6,275€6,158-€10,248€7,897▲ 177%
Investment in fixed assets (approximation)-€0€0-€331€0▲ 100%
Change in cash-€714€5,967-€7,071€2,747▲ 139%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2026
05-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 309 days late
2024
31-12
Financial Back to profitnet €1,060
Net result €1,060 after 3 loss-making years.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial Weakest financial yearnet -€17,046
Net result drops to -€17,046, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
30-09
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Rixensart · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
3,019 m²
Building footprint
238 m²
Volume, LiDAR
1,541 m³
Parcel 25033C0608/00D000, Wallonia · tallest building 13.5 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Rue de la Bruyère 23, 1332 Rixensart
Manufacture of fabricated metal products, except machinery and equipment
since 20202.298.432.519
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25033C0608/00D000 Wallonia 3,019 m² 1 · 238 m² 13.5 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.

Structure & network

Owners and holdings

2 owners

Chain of control

  1. AGS Capital 100%
  2. AINAUT

Highest known parent: AGS Capital. The sources do not say who stands above it.

Owners 2

Holdings 0

The accounts to 31-12-2022 list no holdings, and no other source names one.

According to the 2022 annual accounts of AINAUT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 4,304 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
Founded02-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43990Other specialised construction activities
Contact
Phone 02/654.18.52
E-invoicing
Reachable via Peppol
Peppol ID 0208:0738642429
Also 9925:BE0738642429
Registered 24-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.