AJ CONCEPT
ActiveSummary
AJ CONCEPT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-42k) and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.13 in 2023; short-term debt: 430.3% and cash: 50.2% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-330.3%
Return on assets
-22.2%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-42k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
11 d late
2023
20 d early
2022
14 d late
2021
27 d early
2020
46 d early
2019
5 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-42k▼ 7.2%
2023 · €-39k
2018: €-6k
2019: €-5k▲ +16.7% vs 2018highest in 7 years
2020: €-7k▼ -47.1% vs 2019
2021: €-12k▼ -68.1% vs 2020
2022: €-26k▼ -122% vs 2021
2023: €-39k▼ -50.8% vs 2022
2024: €-42k▼ -7.2% vs 2023lowest in 7 years
2018 → 2024
Total assets
€13k▲ 124%
2023 · €6k
2018: €30k
2019: €30k● 0.0% vs 2018
2020: €26k▼ -14.6% vs 2019
2021: €56k▲ +115% vs 2020highest in 7 years
2022: €6k▼ -89.8% vs 2021
2023: €6k▼ -0.8% vs 2022lowest in 7 years
2024: €13k▲ +124% vs 2023
2018 → 2024
Net result
€-3k▲ 78.6%
2023 · €-13k
2018: €-3k
2019: €1k▲ +136% vs 2018highest in 7 years
2020: €-2k▼ -292% vs 2019
2021: €-5k▼ -113% vs 2020
2022: €-14k▼ -201% vs 2021lowest in 7 years
2023: €-13k▲ +7.5% vs 2022
2024: €-3k▲ +78.6% vs 2023
2018 → 2024
Working capital
€-42k▼ 7.2%
2023 · €-39k
2018: €-9k
2019: €-9k● -0.0% vs 2018
2020: €-7k▲ +24.0% vs 2019
2021: €4k▲ +154% vs 2020highest in 7 years
2022: €-26k▼ -796% vs 2021
2023: €-39k▼ -50.8% vs 2022
2024: €-42k▼ -7.2% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-7k-€-12k▼ 68.1%€-26k▼ 122%€-39k▼ 50.8%€-42k▼ 7.2%
2020: €-7khighest in 5 years
2021: €-12k▼ -68.1% vs 2020
2022: €-26k▼ -122% vs 2021
2023: €-39k▼ -50.8% vs 2022
2024: €-42k▼ -7.2% vs 2023lowest in 5 years
Operating result€-2k-€-4k▼ 96.5%€-14k▼ 258%€-13k▲ 9.5%€-2k▲ 80.7%
2020: €-2khighest in 5 years
2021: €-4k▼ -96.5% vs 2020
2022: €-14k▼ -258% vs 2021lowest in 5 years
2023: €-13k▲ +9.5% vs 2022
2024: €-2k▲ +80.7% vs 2023
Net result€-2k-€-5k▼ 113%€-14k▼ 201%€-13k▲ 7.5%€-3k▲ 78.6%
2020: €-2khighest in 5 years
2021: €-5k▼ -113% vs 2020
2022: €-14k▼ -201% vs 2021lowest in 5 years
2023: €-13k▲ +7.5% vs 2022
2024: €-3k▲ +78.6% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2024 against €13k in 2023; the loss shrinks.
Key figures and ratios
Solvency
-330.3%▲
2023 · -688.9%
Current ratio
0.23▲
2023 · 0.13
Debt to equity
-1.30▼
2023 · -1.15
ROA
-22.2%▲
2023 · -232.1%
Debt
€54k▲
2023 · €45k
Debt ≤ 1 year
€54k▲
2023 · €45k
Income taxes
€174▼
2023 · €314
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 31 lines
Balance sheet
Code20232024
Assets
Total assets20/58€6k€13k▲
Current assets29/58€6k€13k▲
Amounts receivable within one year40/41€5k€5k▲
Trade receivables40€4k€4k▲
Other amounts receivable41€788€961▲
Cash at bank and in hand54/58€511€6k▲
Deferred charges and accrued income490/1€214€911▲
Equity and liabilities
Total equity and liabilities10/49€6k€13k▲
Equity10/15€-39k€-42k▼
Contributions10/11€6k€6k=
Reserves13€3k€3k=
Tax-exempt reserves132€3k€3k=
Profit (loss) carried forward14€-48k€-51k▼
Amounts payable17/49€45k€54k▲
Amounts payable within one year42/48€45k€54k▲
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€164€339▲
Taxes450/3€164€339▲
Other amounts payable47/48€40k€51k▲
Income statement
Code20232024
Other operating charges640/8€496€716▲
Gross operating margin9900€-12k€-2k▲
Operating profit (loss)9901€-13k€-2k▲
Financial charges65/66B€107€181▲
Recurring financial charges65€107€181▲
Profit (loss) for the period before taxes9903€-13k€-3k▲
Income taxes67/77€314€174▼
Profit (loss) for the period9904€-13k€-3k▲
Profit (loss) for the period to be appropriated9905€-13k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-48k€-51k▼
Profit (loss) brought forward from the previous period14P€-35k€-48k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | - | - | - | - | - |
| Other operating charges640/8 | - | €686 | €548 | €496 | €716 | ▲ 44.4% |
| Gross operating margin9900 | €3k | €-3k | €-14k | €-12k | €-2k | ▲ 85.8% |
| Operating profit (loss)9901 | €-2k | €-4k | €-14k | €-13k | €-2k | ▲ 80.7% |
| Financial income75/76B | - | €11 | - | - | - | - |
| Recurring financial income75 | €0 | €11 | - | - | - | - |
| Financial charges65/66B | - | €660 | €147 | €107 | €181 | ▲ 69.2% |
| Recurring financial charges65 | €76 | €660 | €147 | €107 | €181 | ▲ 69.2% |
| Profit (loss) for the period before taxes9903 | €-2k | €-5k | €-14k | €-13k | €-3k | ▲ 79.5% |
| Income taxes67/77 | €450 | €146 | - | €314 | €174 | ▼ 44.4% |
| Profit (loss) for the period9904 | €-2k | €-5k | €-14k | €-13k | €-3k | ▲ 78.6% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-5k | €-14k | €-13k | €-3k | ▲ 78.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26k | €56k | €6k | €6k | €13k | ▲ 124% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €2k | - | - | - | - | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €2k | - | - | - | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €26k | €56k | €6k | €6k | €13k | ▲ 124% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €18k | €50k | €5k | €5k | €5k | ▲ 9.2% |
| Trade receivables40 | - | €47k | €2k | €4k | €4k | ▲ 6.8% |
| Other amounts receivable41 | - | €3k | €3k | €788 | €961 | ▲ 21.8% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €7k | €5k | €310 | €511 | €6k | ▲ 1,145% |
| Deferred charges and accrued income490/1 | - | €768 | €109 | €214 | €911 | ▲ 325% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26k | €56k | €6k | €6k | €13k | ▲ 124% |
| Equity10/15 | €-7k | €-12k | €-26k | €-39k | €-42k | ▼ 7.2% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Tax-exempt reserves132 | - | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-16k | €-21k | €-35k | €-48k | €-51k | ▼ 5.8% |
| Amounts payable17/49 | €33k | €67k | €32k | €45k | €54k | ▲ 22.0% |
| Amounts payable within one year42/48 | €33k | €52k | €32k | €45k | €54k | ▲ 22.0% |
| Trade debts44 | €3k | €2k | €603 | €5k | €3k | ▼ 31.2% |
| Suppliers440/4 | - | €2k | €603 | €5k | €3k | ▼ 31.2% |
| Taxes, remuneration and social security45 | - | €146 | €146 | €164 | €339 | ▲ 106% |
| Taxes450/3 | - | €146 | €146 | €164 | €339 | ▲ 106% |
| Other amounts payable47/48 | - | €50k | €31k | €40k | €51k | ▲ 27.7% |
| Accrued charges and deferred income492/3 | - | €15k | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-5k | €-14k | €-13k | €-3k | ▲ 78.6% |
| + Depreciation and write-downs630 | €2k | - | - | - | - | - |
| Operating cash flow (approximation) | €179 | €-5k | €-14k | €-13k | €-3k | ▲ 78.6% |
| Change in cash | - | €-2k | €-5k | €200 | €6k | ▲ 2,819% |
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
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 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, La Louvière · 1 establishment unit since 2008
Ground area
189 m²
Building footprint
42 m²
Volume, LiDAR
401 m³
2 parcels, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AJ CONCEPT
since 20082.172.316.780
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55015B0279/00K004 | Wallonia | 141 m² | 1 · 42 m² | 10.8 m · 3 fl. |
| 52048A0149/00L002 | Wallonia | 47 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
43910Bricklaying and masonry work
Scores and ratios are computed by Checked and are not a credit decision.