AJ
ActiveSummary
The computed 12-month bankruptcy probability of AJ is 2.7% (moderate). The 2025 annual accounts show equity of €266,978 and a net result of -€23,728. Equity is shrinking by ~15.1% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability27▲+27
Solvency71▼-29
Growth32=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days only on tighter terms
cash: 0.2% of total assets, and 53.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€23,728
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
3 d early
2023
9 d early
2022
26 d early
2021
4 d early
2020
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 3 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€23,728▲ 60.3%
2024 · -€59,734
Working capital
€81,390▼ 75.5%
2022 · €331,592
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
Operating result-€82,309-€48,499▲ 41.1%-€47,742▲ 1.6%-€62,439▼ 30.8%-€23,572▲ 62.2%
Net result-€78,721-€54,490▲ 30.8%-€58,202▼ 6.8%-€59,734▼ 2.6%-€23,728▲ 60.3%
Equity€463,132▼ 14.5%€408,642▼ 11.8%€350,440▼ 14.2%€290,706▼ 17.0%€266,978▼ 8.2%
Total assets€469,669▼ 31.7%€432,845▼ 7.8%€392,555▼ 9.3%€341,706▼ 13.0%€575,978▲ 68.6%
Debt€6,537▼ 95.5%€24,203▲ 270%€42,115▲ 74.0%€51,000▲ 21.1%€309,000▲ 506%
Working capital€362,082▼ 33.2%€331,592▼ 8.4%€81,390▼ 75.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,572 in 2025 against €62,439 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €575,978
Fixed assets
€311,050 =
Current assets
€264,928 ▲ 764%
Equity and liabilities €575,978
Equity
€266,978 ▼ 8.2%
Debt
€309,000 ▲ 506%
Debt's share of the balance-sheet total rises from 14.9% to 53.6%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
1.16▲
2024 · 0.18
ROE
-8.9%▲
2024 · -20.5%
ROA
-4.1%▲
2024 · -17.5%
Debt > 1 year
€309,000▲
2024 · €51,000
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €811 | €998 | €1,074 | €666 | €101 | ▼ 84.8% |
| Gross operating margin9900 | -€81,498 | -€47,502 | -€46,668 | -€61,773 | -€23,471 | ▲ 62.0% |
| Operating profit (loss)9901 | -€82,309 | -€48,499 | -€47,742 | -€62,439 | -€23,572 | ▲ 62.2% |
| Financial income75/76B | €3,860 | €6,543 | €3,990 | €824 | €142 | ▼ 82.8% |
| Recurring financial income75 | €3,860 | €6,543 | €3,990 | €824 | €142 | ▼ 82.8% |
| Financial charges65/66B | €271 | €324 | €617 | €277 | €299 | ▲ 7.7% |
| Recurring financial charges65 | €271 | €324 | €617 | €277 | €299 | ▲ 7.7% |
| Profit (loss) for the period before taxes9903 | -€78,721 | -€42,280 | -€44,369 | -€61,892 | -€23,728 | ▲ 61.7% |
| Income taxes67/77 | - | €12,210 | €13,833 | -€2,158 | - | - |
| Profit (loss) for the period9904 | -€78,721 | -€54,490 | -€58,202 | -€59,734 | -€23,728 | ▲ 60.3% |
| Profit (loss) for the period to be appropriated9905 | -€78,721 | -€54,490 | -€58,202 | -€59,734 | -€23,728 | ▲ 60.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €469,669 | €432,845 | €392,555 | €341,706 | €575,978 | ▲ 68.6% |
| Fixed assets21/28 | €101,050 | €101,050 | €311,050 | €311,050 | €311,050 | = |
| Financial fixed assets28 | €101,050 | €101,050 | €311,050 | €311,050 | €311,050 | = |
| Current assets29/58 | €368,619 | €331,795 | €81,505 | €30,656 | €264,928 | ▲ 764% |
| Amounts receivable within one year40/41 | €345,610 | €322,253 | €71,312 | €26,233 | €3,455 | ▼ 86.8% |
| Other amounts receivable41 | €345,610 | €322,253 | €71,312 | €26,233 | €3,455 | ▼ 86.8% |
| Current investments50/53 | - | - | €2,442 | €2,442 | €260,442 | ▲ 10,565% |
| Cash at bank and in hand54/58 | €23,008 | €9,542 | €7,751 | €1,982 | €1,031 | ▼ 48.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €469,669 | €432,845 | €392,555 | €341,706 | €575,978 | ▲ 68.6% |
| Equity10/15 | €463,132 | €408,642 | €350,440 | €290,706 | €266,978 | ▼ 8.2% |
| Contributions10/11 | €490,000 | €490,000 | €490,000 | €490,000 | €232,000 | ▼ 52.7% |
| Outside capital11 | €490,000 | €490,000 | €490,000 | €490,000 | - | - |
| Share premium1100/10 | €490,000 | €490,000 | €490,000 | €490,000 | - | - |
| Reserves13 | - | - | - | - | €258,000 | - |
| Non-distributable reserves130/1 | - | - | - | - | €258,000 | - |
| Own shares acquired1312 | - | - | - | - | €258,000 | - |
| Profit (loss) carried forward14 | -€26,868 | -€81,358 | -€139,560 | -€199,294 | -€223,022 | ▼ 11.9% |
| Amounts payable17/49 | €6,537 | €24,203 | €42,115 | €51,000 | €309,000 | ▲ 506% |
| Amounts payable after more than one year17 | - | €24,000 | €42,000 | €51,000 | €309,000 | ▲ 506% |
| Other amounts payable178/9 | - | €24,000 | €42,000 | €51,000 | €309,000 | ▲ 506% |
| Amounts payable within one year42/48 | €6,537 | €203 | €115 | - | - | - |
| Trade debts44 | €537 | €203 | €1 | - | - | - |
| Suppliers440/4 | €537 | €203 | €1 | - | - | - |
| Advances received on contracts in progress46 | €6,000 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €114 | - | - | - |
| Taxes450/3 | - | - | €114 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€78,721 | -€54,490 | -€58,202 | -€59,734 | -€23,728 | ▲ 60.3% |
| Operating cash flow (approximation) | -€78,721 | -€54,490 | -€58,202 | -€59,734 | -€23,728 | ▲ 60.3% |
| Investment in fixed assets (approximation) | - | €0 | -€210,000 | €0 | €0 | - |
| Change in cash | - | -€13,466 | -€1,791 | -€5,770 | -€951 | ▲ 83.5% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 29current ratio 1635.59
Current ratio from 56.39 to 1635.59; short-term debt falls from €6,537 to €203.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€78,721
Net result drops to -€78,721, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 56.39
Current ratio from 13.09 to 56.39; short-term debt falls from €44,815 to €6,537.
26-07
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 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, Tournai · 1 establishment unit since 2019
Ground area
615 m²
Building footprint
118 m²
Volume, LiDAR
1,235 m³
Parcel 57021A0153/00B000, Wallonia · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue Louis Chevalier(CH) 32, 7521 Tournai
since 20192.290.167.426
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57021A0153/00B000 | Wallonia | 614 m² | 1 · 118 m² | 12.8 m · 4 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded09-04-2019
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0724691255
Also
9925:BE0724691255
Registered
15-09-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.