AJIPRO
ActiveSummary
AJIPRO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,198 and a net result of €168. Equity is shrinking by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 42% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+5
Solvency45▼-1
Growth46=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.15 against 0.12 in 2024; short-term debt: 73.7% and cash: 3.8% of total assets), and 79.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.2%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
24 d early
2023
35 d early
2022
33 d early
2021
25 d early
2020
37 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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. Usually files around 28 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€63,314▼ 3.4%
2024 · €65,538
EBIT margin
3.5%▲ 3.0pp
2024 · 0.5%
Net result
€168
2024 · -€2,326
Working capital
-€115,611▼ 0.5%
2024 · -€115,036
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at 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 68, Real estate 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
Line20212022202320242025
Turnover€55,825▼ 19.4%€70,645▲ 26.5%€61,018▼ 13.6%€65,538▲ 7.4%€63,314▼ 3.4%
Operating result-€845-€1,825▼ 116%-€8,992▼ 393%€309€2,195▲ 610%
Net result-€2,069within the sector's middle half▼ 2.6%-€5,578within the sector's middle half▼ 170%-€10,086below the sector's middle half▼ 80.8%-€2,326within the sector's middle half▲ 76.9%€168within the sector's middle half
EBIT margin-1.5%▼ 2.4pp-2.6%▼ 1.1pp-14.7%▼ 12.2pp0.5%▲ 15.2pp3.5%▲ 3.0pp
Equity€55,020within the sector's middle half▼ 3.6%€49,442within the sector's middle half▼ 10.1%€39,356within the sector's middle half▼ 20.4%€37,030within the sector's middle half▼ 5.9%€37,198within the sector's middle half▲ 0.5%
Total assets€235,644within the sector's middle half▼ 1.8%€228,471within the sector's middle half▼ 3.0%€227,028within the sector's middle half▼ 0.6%€178,867within the sector's middle half▼ 21.2%€183,861within the sector's middle half▲ 2.8%
Debt€169,784▼ 1.0%€168,843▼ 0.6%€178,068▲ 5.5%€132,815▼ 25.4%€138,183▲ 4.0%
Working capital-€99,930below the sector's middle half▼ 1.2%-€104,960below the sector's middle half▼ 5.0%-€117,276below the sector's middle half▼ 11.7%-€115,036below the sector's middle half▲ 1.9%-€115,611below the sector's middle half▼ 0.5%
Solvency23.3%within the sector's middle half▼ 0.4pp21.6%within the sector's middle half▼ 1.7pp17.3%within the sector's middle half▼ 4.3pp20.7%within the sector's middle half▲ 3.4pp20.2%within the sector's middle half▼ 0.5pp
Current ratio0.28below the sector's middle half▲ 0.040.29below the sector's middle half▲ 0.010.31below the sector's middle half▲ 0.020.12below the sector's middle half▼ 0.190.15below the sector's middle half▲ 0.03
Return on assets (ROA)-0.9%within the sector's middle half=-2.4%below the sector's middle half▼ 1.6pp-4.4%below the sector's middle half▼ 2.0pp-1.3%within the sector's middle half▲ 3.1pp0.1%within the sector's middle half▲ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 610% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183,861
Fixed assets
€163,941 ▲ 0.5%
Current assets
€19,919 ▲ 26.3%
Equity and liabilities €183,861
Equity
€37,198 ▲ 0.5%
Provisions
€8,480 ▼ 6.0%
Debt
€138,183 ▲ 4.0%
Debt's share of the balance-sheet total rises from 74.3% to 75.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,713▲
2024 · €11,123
Cash flow
€12,686▲
2024 · €8,488
Quick ratio
0.07▲
2024 · 0.05
Debt to equity
3.71▲
2024 · 3.59
ROE
0.5%▲
2024 · -6.3%
Interest coverage
34.05▲
2024 · 12.81
Debt ≤ 1 year
€135,530▲
2024 · €130,805
Income taxes
€2,231▼
2024 · €2,349
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.3%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 3,984 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €55,825 | €70,645 | €61,018 | €65,538 | €63,314 | ▼ 3.4% |
| Non-recurring operating income76A | - | - | - | - | €6,000 | - |
| Goods, raw materials, services and sundry goods60/61 | €40,042 | €56,235 | €53,415 | €49,372 | €51,287 | ▲ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,958 | €11,857 | €11,199 | €10,814 | €12,518 | ▲ 15.8% |
| Other operating charges640/8 | €4,670 | €4,377 | €4,446 | €5,043 | €3,314 | ▼ 34.3% |
| Non-recurring operating charges66A | - | - | €950 | - | - | - |
| Gross operating margin9900 | €15,783 | €14,410 | €7,603 | €16,166 | €18,027 | ▲ 11.5% |
| Operating profit (loss)9901 | -€845 | -€1,825 | -€8,992 | €309 | €2,195 | ▲ 610% |
| Financial income75/76B | €2,530 | - | - | €0 | €94 | ▲ 468,850% |
| Recurring financial income75 | €2,530 | - | - | €0 | €94 | ▲ 468,850% |
| Financial charges65/66B | €3,297 | €3,110 | €1,292 | €868 | €432 | ▼ 50.2% |
| Recurring financial charges65 | €3,297 | €3,110 | €1,292 | €868 | €432 | ▼ 50.2% |
| Profit (loss) for the period before taxes9903 | -€1,612 | -€4,935 | -€10,285 | -€559 | €1,857 | ▲ 432% |
| Transfer from deferred taxes780 | €653 | €653 | €582 | €582 | €542 | ▼ 6.9% |
| Income taxes67/77 | €1,110 | €1,296 | €384 | €2,349 | €2,231 | ▼ 5.0% |
| Profit (loss) for the period9904 | -€2,069 | -€5,578 | -€10,086 | -€2,326 | €168 | ▲ 107% |
| Transfer from tax-exempt reserves789 | €1,960 | €1,960 | €1,747 | €1,747 | €1,626 | ▼ 6.9% |
| Profit (loss) for the period to be appropriated9905 | -€109 | -€3,618 | -€8,340 | -€579 | €1,794 | ▲ 410% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €235,644 | €228,471 | €227,028 | €178,867 | €183,861 | ▲ 2.8% |
| Fixed assets21/28 | €196,968 | €185,111 | €173,912 | €163,098 | €163,941 | ▲ 0.5% |
| Tangible fixed assets22/27 | €196,968 | €185,111 | €173,912 | €163,098 | €163,941 | ▲ 0.5% |
| Land and buildings22 | €194,820 | €183,808 | €173,454 | €163,098 | €153,630 | ▼ 5.8% |
| Furniture and vehicles24 | €2,148 | €1,303 | €458 | - | €10,311 | - |
| Current assets29/58 | €38,676 | €43,361 | €53,116 | €15,769 | €19,919 | ▲ 26.3% |
| Stocks and contracts in progress3 | €6,995 | €8,541 | €7,564 | €8,815 | €11,065 | ▲ 25.5% |
| Stocks30/36 | €6,995 | €8,541 | €7,564 | €8,815 | €11,065 | ▲ 25.5% |
| Amounts receivable within one year40/41 | €26,650 | €31,170 | €43,818 | €3,416 | €1,621 | ▼ 52.6% |
| Trade receivables40 | €25,150 | €28,780 | €43,318 | €3,149 | €675 | ▼ 78.5% |
| Other amounts receivable41 | €1,500 | €2,390 | €500 | €267 | €945 | ▲ 254% |
| Cash at bank and in hand54/58 | €4,762 | €3,373 | €1,200 | €3,252 | €6,941 | ▲ 113% |
| Deferred charges and accrued income490/1 | €270 | €278 | €535 | €286 | €292 | ▲ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €235,644 | €228,471 | €227,028 | €178,867 | €183,861 | ▲ 2.8% |
| Equity10/15 | €55,020 | €49,442 | €39,356 | €37,030 | €37,198 | ▲ 0.5% |
| Contributions10/11 | €62,100 | €62,100 | €62,100 | €62,100 | €62,100 | = |
| Capital10 | €62,100 | €62,100 | €62,100 | €62,100 | €62,100 | = |
| Issued capital100 | €62,100 | €62,100 | €62,100 | €62,100 | €62,100 | = |
| Reserves13 | €32,563 | €30,603 | €28,857 | €27,110 | €25,484 | ▼ 6.0% |
| Tax-exempt reserves132 | €32,563 | €30,603 | €28,857 | €27,110 | €25,484 | ▼ 6.0% |
| Profit (loss) carried forward14 | -€39,643 | -€43,261 | -€51,601 | -€52,180 | -€50,386 | ▲ 3.4% |
| Provisions and deferred taxes16 | €10,840 | €10,187 | €9,604 | €9,022 | €8,480 | ▼ 6.0% |
| Deferred taxes168 | €10,840 | €10,187 | €9,604 | €9,022 | €8,480 | ▼ 6.0% |
| Amounts payable17/49 | €169,784 | €168,843 | €178,068 | €132,815 | €138,183 | ▲ 4.0% |
| Amounts payable after more than one year17 | €28,394 | €17,631 | €6,581 | - | - | - |
| Financial debts170/4 | €28,394 | €17,631 | €6,581 | - | - | - |
| Amounts payable within one year42/48 | €138,607 | €148,321 | €170,393 | €130,805 | €135,530 | ▲ 3.6% |
| Current portion of amounts payable after more than one year42 | €10,485 | €10,764 | €11,050 | €6,581 | - | - |
| Trade debts44 | €3,350 | €263 | €198 | €204 | €998 | ▲ 390% |
| Suppliers440/4 | €3,350 | €263 | €198 | €204 | €998 | ▲ 390% |
| Advances received on contracts in progress46 | - | - | - | - | €5,000 | - |
| Taxes, remuneration and social security45 | €2,378 | €2,996 | €1,331 | €1,909 | €704 | ▼ 63.1% |
| Taxes450/3 | €2,378 | €2,996 | €1,331 | €1,909 | €704 | ▼ 63.1% |
| Other amounts payable47/48 | €122,393 | €134,298 | €157,814 | €122,111 | €128,828 | ▲ 5.5% |
| Accrued charges and deferred income492/3 | €2,783 | €2,891 | €1,095 | €2,010 | €2,653 | ▲ 32.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,069 | -€5,578 | -€10,086 | -€2,326 | €168 | ▲ 107% |
| + Depreciation and write-downs630 | €11,958 | €11,857 | €11,199 | €10,814 | €12,518 | ▲ 15.8% |
| Operating cash flow (approximation) | €9,889 | €6,279 | €1,112 | €8,488 | €12,686 | ▲ 49.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€13,362 | - |
| Change in cash | - | -€1,389 | -€2,173 | €2,052 | €3,690 | ▲ 79.8% |
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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €168
Net result €168 after 7 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Andenne · 1 establishment unit since 2003
Ground area
2,051 m²
Building footprint
199 m²
Parcel 92124A0219/00R000, Wallonia. Linked by address, not a title deed.
1 establishment unit
AJIPRO
since 20032.132.705.544
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92124A0219/00R000 | Wallonia | 2,051 m² | 1 · 199 m² | - |
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.
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,392. 4,748 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0859591927
Also
9925:BE0859591927
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
2 convocationsExtraordinary general meeting
Agenda
Rapport du C.A. Approbation comptes annuels. Affectation résultats. Décharge administrateurs. Nominations. Divers. (AOPC1901374/09.06) (25346) BAERT BEHEERSMAATSCHAPPIJ, naamloze vennootschap, Buffelstraat 7, 9240 ZELE Ondernemingsnummer 0455.400.647 Algemene vergadering ter zetel op 25/06/2009, om 18 uur. Agenda : Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-9-05696/09.06) (25347) BATIMMO, naamloze vennootschap, Tieltsestraat 50, 8531 HULSTE Ondernemingsnummer 0428.166.710 Algemene vergadering ter zetel op 29/06/2009, om 15 uur. Agenda : Jaarverslag. Goedkeuring jaarrekening per 31/12/2008. Bestemming resultaat. Kwijting bestuurders. Her ...
Extraordinary general meeting
Agenda
Rapport du C.A. Approbation comptes annuels. Affectation résultats. Décharge administrateurs. Divers. (AOPC1803144/10.06) (26456) ANANDA, naamloze vennootschap, Dijver 8, 8000 Brugge Ondernemingsnummer 0861.525.789 Algemene vergadering ter zetel op 29/06/2008, om 15 uur. Agenda : Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-8-06697/10.06) (26457) NV ANNABELCO, naamloze vennootschap, Sint-Annarei 25, bus 2, 8000 Brugge Ondernemingsnummer 0427.782.866 Algemene vergadering ter zetel op 29/06/2008, om 10 uur. Agenda : Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-8-06692/10.06) (26458) ANTI ...