Losses
-€16,720 in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
AJL
Lifetime
8 annual accounts with figures on one time axispeak €14,277 (2020)
-€5,374▼ €7,358
lowest -€8,581 (2025)
-€8,581▼ €6,735
peak €27,523 (2021)
€10,803▼ 44.3%
€77,117▲ 21.3%
Board1 name since 2017
1 directorLoos An
Documentsfilings and deeds
21-08-202621 days late
2025micro format
Gross margin from €1,985 to -€5,374Loss of €8,581Equity from €19,384 to €10,803Debts from €63,585 to €77,117Cash from €412 to €81
Key points
from the 2025 annual accountsDebts
€77,117 88% of the balance sheet
Financial debts 20%Suppliers 45%Taxes and wages 3%Other 32%
Of this, €54,587 falls due within a year.
Filings
8 annual accounts 6 late
The 2019 accounts came latest: 31 days after the end of the period.
Turnover not published (micro format)
Checked score
49
Fair
Financially stronger than 19% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.5%
01-2025: 3.5%● unchanged vs 12-2024
02-2025: 3.5%● unchanged vs 01-2025
03-2025: 3.5%● unchanged vs 02-2025
04-2025: 3.5%● unchanged vs 03-2025
05-2025: 3.3%▼ -0.2 percentage points vs 04-2025
06-2025: 3.2%▼ -0.1 percentage points vs 05-2025
07-2025: 3.1%▼ -0.1 percentage points vs 06-2025
08-2025: 3.8%▲ +0.7 percentage points vs 07-2025highest value
09-2025: 2.7%▼ -1.1 percentage points vs 08-2025
10-2025: 2.6%▼ -0.1 percentage points vs 09-2025
11-2025: 2.4%▼ -0.2 percentage points vs 10-2025
12-2025: 2.4%● unchanged vs 11-2025
01-2026: 2.3%▼ -0.1 percentage points vs 12-2025
02-2026: 2.2%▼ -0.1 percentage points vs 01-2026
03-2026: 2.2%● unchanged vs 02-2026
04-2026: 2.2%● unchanged vs 03-2026
05-2026: 2.2%● unchanged vs 04-2026
06-2026: 2.2%● unchanged vs 05-2026
07-2026: 2.2%● unchanged vs 06-2026lowest value
08-2026: 2.8%▲ +0.6 percentage points vs 07-2026
09-2026: 3.1%▲ +0.3 percentage points vs 08-2026
10-2026: 3.1%● unchanged vs 09-2026
11-2026: 3.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.60, cash €81, halved
Last filed accounts filed 21 days late; 1 of the last 3 accounts late
Loss of €8,581, the second in a row (financial year 2025)
lowers risk
Size: total assets €87,921
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 29% of them on solvency, 16% on liquidity, 19% on profitability and 12% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,548 companies had the same profile as AJL has now. Each dot stands for 4 companies, two years later.
91.2%
were still trading
3.9%
stopped another way
4.3%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AJL itself: 3.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,548 companies, not a prediction for AJL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.6 (1.69 in 2024), above the usual 1.5. Short-term debt is 62.1% and cash 0.1% of total assets. However, 87.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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
1819202122232425
2018 to 2025 · latest year -€8,581
raises risk · 2025 accounts filed 21 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
21 days late
2024
27 days late
2023
31 days late
2022
31 days late
2021
41 days early
2020
43 days early
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0681875158
Registered office moved within Balen
New registered office: Vaartstraat 45, 2490 Balen · Previous registered office: Bouwdewijnlaan 16, 2490 Balen · General meeting of 14-04-2022 · Gazette deed
Incorporation
published on 02-10-2017 · Gazette deed
First establishment
Cosi Bello, Vaartstraat 45, Balen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AJL Balen | €87,921 | -€5,374 | 12.3% | - |
| KISEMA Puurs-Sint-Amands | €97,505 | -€3,911 | 77.6% | - |
| District 18 Antwerp | €94,794 | -€25,455 | -114.0% | - |
| Charline's Closet Ghent | €88,635 | -€33,462 | 61.7% | - |
| Via Lunga Zandhoven | €68,247 | -€4,087 | 18.6% | - |
| SHUM TEX Antwerp | €98,062 | -€4,424 | 66.4% | - |
| MARKT 51 Wemmel | €69,397 | -€7,666 | 17.6% | - |
These companies have the same main activity as AJL: retail sale of women's outerwear (NACE 47711). They are comparable in size and age: total assets between €68,200 and €98,100, founded between 2014 and 2018.
Official details
Source: KBO- Status
- Active since 28-09-2017Normal situation
- Activity
- Retail sale of women's outerwearNACE 47711
- Establishment unit
- 2.268.847.2222490 Balen, since 28-09-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 29-01-2026
Insights on AJL
AJL files the micro format. That format states no turnover. The gross margin fell from €6,514 in 2018 to -€5,374 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AJL
- What is the company number of AJL?
- The company number of AJL is 0681.875.158. The VAT number is the same number with BE in front: BE 0681.875.158.
- Where is AJL based?
- The registered office is at Vaartstraat 45, 2490 Balen.Company details
- What does AJL do?
- According to the KBO register, the main activity is retail sale of women's outerwear (NACE 47711).
- What is the legal form of AJL?
- AJL is a private limited company (pre-2019) (BVBA).
- When was AJL founded?
- AJL was founded on 28-09-2017.
- Is AJL still active?
- Yes, AJL is an active enterprise in the KBO register.
- What is the turnover of AJL?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is AJL profitable?
- In financial year 2025, AJL made a loss of €8,581.
- Where can I find the annual accounts of AJL?
- AJL filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AJL due?
- AJL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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