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AJCZ

Active
Private limited companyfounded 20233 yrs activeVan Luppenstraat 19, 2018 Antwerpen, BelgiumKBO/BCE: BE 0803.607.089
Summary

AJCZ has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €362,510 and a net result of €183,751. Equity is growing by ~81.4% per year across the filed fiscal years. Its solvency ranks better than 75% of 15573 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Financials · fiscal year 2025, micro schema

Equity
€362,510▲ 103%
2024 · €178,759
Total assets
€463,282▲ 91.5%
2024 · €241,861
Net result
€183,751▲ 71.1%
2024 · €107,386
Working capital
€361,457▲ 102%
2024 · €178,759
Trend over the years

2023 to 2025, 3 fiscal years

The operating result has risen two years in a row; 2025 is 69% above 2024 and is the highest result in the available series.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€242,277 2025 Net result€183,751 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€91,319-€143,151▲ 56.8%€242,277▲ 69.2%
Net result€68,373within the sector's middle half-€107,386above the sector's middle half▲ 57.1%€183,751above the sector's middle half▲ 71.1%
Equity€71,373within the sector's middle half-€178,759within the sector's middle half▲ 150%€362,510above the sector's middle half▲ 103%
Total assets€102,784within the sector's middle half-€241,861within the sector's middle half▲ 135%€463,282within the sector's middle half▲ 91.5%
Debt€31,411-€63,101▲ 101%€100,772▲ 59.7%
Working capital€71,373within the sector's middle half-€178,759above the sector's middle half▲ 150%€361,457above the sector's middle half▲ 102%
Solvency69.4%within the sector's middle half-73.9%within the sector's middle half▲ 4.5pp78.2%within the sector's middle half▲ 4.3pp
Current ratio3.27within the sector's middle half-3.83within the sector's middle half▲ 0.564.59above the sector's middle half▲ 0.75
Return on assets (ROA)66.5%above the sector's middle half-44.4%above the sector's middle half▼ 22.1pp39.7%above the sector's middle half▼ 4.7pp
above within below the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €463,282
Fixed assets €1,053
Current assets €462,229
Equity and liabilities €463,282
Equity €362,510 ▲ 103%
Debt €100,772 ▲ 59.7%
Debt's share of the balance-sheet total falls from 26.1% to 21.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€242,331
Cash flow
€183,805
Debt to equity
0.28▼
2024 · 0.35
ROE
50.7%▼
2024 · 60.1%
Interest coverage
1397.04
Debt ≤ 1 year
€100,772▲
2024 · €63,101
Income taxes
€62,110▲
2024 · €36,590
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,127 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.8% went bankrupt
1.9% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 3,127 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 · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€241,861€463,282▲
Fixed assets21/28-€1,053
Tangible fixed assets22/27-€1,053
Plant, machinery and equipment23-€1,053
Current assets29/58€241,861€462,229▲
Amounts receivable within one year40/41€499€123,868▲
Trade receivables40€223-
Other amounts receivable41€276€123,868▲
Current investments50/53€190,727€266,986▲
Cash at bank and in hand54/58€50,635€69,329▲
Deferred charges and accrued income490/1-€2,046
Equity and liabilities
Total equity and liabilities10/49€241,861€463,282▲
Equity10/15€178,759€362,510▲
Contributions10/11€3,000€3,000=
Reserves13€175,759€359,510▲
Distributable reserves133€175,759€359,510▲
Amounts payable17/49€63,101€100,772▲
Amounts payable within one year42/48€63,101€100,772▲
Trade debts44€695€2,127▲
Suppliers440/4€695€2,127▲
Taxes, remuneration and social security45€59,537€98,588▲
Taxes450/3€59,537€98,588▲
Other amounts payable47/48€2,870€57▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€54
Other operating charges640/8€306€120▼
Gross operating margin9900€143,456€242,451▲
Operating profit (loss)9901€143,151€242,277▲
Financial income75/76B€853€3,757▲
Recurring financial income75€853€3,757▲
Financial charges65/66B€27€173▲
Recurring financial charges65€27€173▲
Profit (loss) for the period before taxes9903€143,976€245,861▲
Income taxes67/77€36,590€62,110▲
Profit (loss) for the period9904€107,386€183,751▲
Profit (loss) for the period to be appropriated9905€107,386€183,751▲
Appropriation of the result
Profit (loss) to be appropriated9906€107,386€183,751▲
Transfer to equity691/2€107,386€183,751▲
To the legal reserve6920€107,386-
To other reserves6921-€183,751

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€54-
Other operating charges640/8€150€306€120▼ 60.7%
Gross operating margin9900€91,469€143,456€242,451▲ 69.0%
Operating profit (loss)9901€91,319€143,151€242,277▲ 69.2%
Financial income75/76B-€853€3,757▲ 340%
Recurring financial income75-€853€3,757▲ 340%
Financial charges65/66B-€27€173▲ 542%
Recurring financial charges65-€27€173▲ 542%
Profit (loss) for the period before taxes9903€91,319€143,976€245,861▲ 70.8%
Income taxes67/77€22,946€36,590€62,110▲ 69.7%
Profit (loss) for the period9904€68,373€107,386€183,751▲ 71.1%
Profit (loss) for the period to be appropriated9905€68,373€107,386€183,751▲ 71.1%
Line202320242025Change
Assets
Total assets20/58€102,784€241,861€463,282▲ 91.5%
Fixed assets21/28--€1,053-
Tangible fixed assets22/27--€1,053-
Plant, machinery and equipment23--€1,053-
Current assets29/58€102,784€241,861€462,229▲ 91.1%
Amounts receivable within one year40/41€17,667€499€123,868▲ 24,736%
Trade receivables40€16,912€223--
Other amounts receivable41€755€276€123,868▲ 44,772%
Current investments50/53€47,500€190,727€266,986▲ 40.0%
Cash at bank and in hand54/58€37,617€50,635€69,329▲ 36.9%
Deferred charges and accrued income490/1--€2,046-
Equity and liabilities
Total equity and liabilities10/49€102,784€241,861€463,282▲ 91.5%
Equity10/15€71,373€178,759€362,510▲ 103%
Contributions10/11€3,000€3,000€3,000=
Reserves13€68,373€175,759€359,510▲ 105%
Distributable reserves133€68,373€175,759€359,510▲ 105%
Amounts payable17/49€31,411€63,101€100,772▲ 59.7%
Amounts payable within one year42/48€31,411€63,101€100,772▲ 59.7%
Trade debts44-€695€2,127▲ 206%
Suppliers440/4-€695€2,127▲ 206%
Taxes, remuneration and social security45€28,346€59,537€98,588▲ 65.6%
Taxes450/3€28,346€59,537€98,588▲ 65.6%
Other amounts payable47/48€3,064€2,870€57▼ 98.0%
Line202320242025Change
Profit (loss) for the period9904€68,373€107,386€183,751▲ 71.1%
+ Depreciation and write-downs630--€54-
Operating cash flow (approximation)€68,373€107,386€183,805▲ 71.2%
Change in cash-€13,018€18,694▲ 43.6%

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

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Of 2,767 companies in this sector we hold annual accounts for 1,251. 830 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector