AJL
ActiveSummary
AJL has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11k and a net result of €-9k. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 31% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-19
Solvency37▼-11
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 1.6 against 1.69 in 2024; short-term debt: 62.1% and cash: 0.1% of total assets), but 87.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
12.3%
Return on assets
-9.8%
Age of the figures
9 mo
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 €-9k
neutral · Filed after the deadline
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. 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 · 8 filingsDeviation from the deadline
2025
21 d late
2024
27 d late
2023
31 d late
2022
31 d late
2021
41 d early
2020
43 d early
2019
31 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▼ 44.3%
2024 · €19k
2018: €15k
2019: €15k▲ +1.2% vs 2018
2020: €26k▲ +67.0% vs 2019
2021: €28k▲ +7.2% vs 2020highest in 8 years
2022: €27k▼ -3.0% vs 2021
2023: €21k▼ -20.4% vs 2022
2024: €19k▼ -8.7% vs 2023
2025: €11k▼ -44.3% vs 2024lowest in 8 years
2018 → 2025
Total assets
€88k▲ 6.0%
2024 · €83k
2018: €34klowest in 8 years
2019: €41k▲ +18.8% vs 2018
2020: €52k▲ +25.9% vs 2019
2021: €57k▲ +11.1% vs 2020
2022: €66k▲ +15.4% vs 2021
2023: €85k▲ +28.9% vs 2022
2024: €83k▼ -2.8% vs 2023
2025: €88k▲ +6.0% vs 2024highest in 8 years
2018 → 2025
Net result
€-9k▼ 365%
2024 · €-2k
2018: €4k
2019: €990▼ -72.5% vs 2018
2020: €11k▲ +1022% vs 2019highest in 8 years
2021: €3k▼ -76.2% vs 2020
2022: €-836▼ -132% vs 2021
2023: €-5k▼ -553% vs 2022
2024: €-2k▲ +66.2% vs 2023
2025: €-9k▼ -365% vs 2024lowest in 8 years
2018 → 2025
Working capital
€33k▼ 4.1%
2024 · €34k
2018: €13k
2019: €12k▼ -4.9% vs 2018lowest in 8 years
2020: €24k▲ +94.9% vs 2019
2021: €40k▲ +69.1% vs 2020highest in 8 years
2022: €37k▼ -6.3% vs 2021
2023: €33k▼ -12.3% vs 2022
2024: €34k▲ +3.6% vs 2023
2025: €33k▼ -4.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€27k▼ 3.0%€21k▼ 20.4%€19k▼ 8.7%€11k▼ 44.3%
2021: €28khighest in 5 years
2022: €27k▼ -3.0% vs 2021
2023: €21k▼ -20.4% vs 2022
2024: €19k▼ -8.7% vs 2023
2025: €11k▼ -44.3% vs 2024lowest in 5 years
Operating result€4k-€-10€-3k▼ 34,556%€1k€-6k
2021: €4khighest in 5 years
2022: €-10▼ -100% vs 2021
2023: €-3k▼ -34556% vs 2022
2024: €1k▲ +144% vs 2023
2025: €-6k▼ -498% vs 2024lowest in 5 years
Net result€3k-€-836€-5k▼ 553%€-2k▲ 66.2%€-9k▼ 365%
2021: €3khighest in 5 years
2022: €-836▼ -132% vs 2021
2023: €-5k▼ -553% vs 2022
2024: €-2k▲ +66.2% vs 2023
2025: €-9k▼ -365% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €1k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88k
Fixed assets
€743
Current assets
€87k
Equity and liabilities €88k
Equity
€11k ▼ 44.3%
Debt
€77k ▲ 21.3%
Debt's share of the balance-sheet total rises from 76.6% to 87.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.60▼
2024 · 1.69
Quick ratio
0.10▲
2024 · 0.02
Debt to equity
7.14▲
2024 · 3.28
ROE
-79.4%▼
2024 · -9.5%
ROA
-9.8%▼
2024 · -2.2%
Debt ≤ 1 year
€55k▲
2024 · €49k
Debt > 1 year
€23k▲
2024 · €15k
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 · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€83k€88k▲
Fixed assets21/28-€743
Tangible fixed assets22/27-€743
Plant, machinery and equipment23-€743
Current assets29/58€83k€87k▲
Stocks and contracts in progress3€82k€82k▼
Stocks30/36€82k€82k▼
Amounts receivable within one year40/41€387€5k▲
Trade receivables40€171€2k▲
Other amounts receivable41€216€3k▲
Cash at bank and in hand54/58€412€81▼
Equity and liabilities
Total equity and liabilities10/49€83k€88k▲
Equity10/15€19k€11k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€5k€-3k▼
Amounts payable17/49€64k€77k▲
Amounts payable after more than one year17€15k€23k▲
Financial debts170/4-€12k
Other amounts payable178/9€15k€11k▼
Amounts payable within one year42/48€49k€55k▲
Financial debts43€7k€4k▼
Credit institutions430/8€7k€4k▼
Trade debts44€20k€35k▲
Suppliers440/4€20k€35k▲
Taxes, remuneration and social security45€9k€2k▼
Taxes450/3€9k€2k▼
Other amounts payable47/48€13k€14k▲
Income statement
Code20242025
Other operating charges640/8€505€520▲
Gross operating margin9900€2k€-5k▼
Operating profit (loss)9901€1k€-6k▼
Financial income75/76B€9-
Recurring financial income75€9-
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-2k€-9k▼
Profit (loss) for the period9904€-2k€-9k▼
Profit (loss) for the period to be appropriated9905€-2k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-3k▼
Profit (loss) brought forward from the previous period14P€7k€5k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €879 | - | - | - | - |
| Other operating charges640/8 | €540 | €572 | €493 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | €6k | €1k | €-3k | €2k | €-5k | ▼ 371% |
| Operating profit (loss)9901 | €4k | €-10 | €-3k | €1k | €-6k | ▼ 498% |
| Financial income75/76B | €16 | €0 | €0 | €9 | - | - |
| Recurring financial income75 | €16 | €0 | €0 | €9 | - | - |
| Financial charges65/66B | €621 | €826 | €2k | €3k | €3k | ▼ 19.4% |
| Recurring financial charges65 | €621 | €826 | €2k | €3k | €3k | ▼ 19.4% |
| Profit (loss) for the period before taxes9903 | €4k | €-836 | €-5k | €-2k | €-9k | ▼ 365% |
| Income taxes67/77 | €877 | - | €58 | - | - | - |
| Profit (loss) for the period9904 | €3k | €-836 | €-5k | €-2k | €-9k | ▼ 365% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-836 | €-5k | €-2k | €-9k | ▼ 365% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57k | €66k | €85k | €83k | €88k | ▲ 6.0% |
| Fixed assets21/28 | €879 | - | - | - | €743 | - |
| Tangible fixed assets22/27 | €879 | - | - | - | €743 | - |
| Plant, machinery and equipment23 | €879 | - | - | - | €743 | - |
| Current assets29/58 | €56k | €66k | €85k | €83k | €87k | ▲ 5.1% |
| Stocks and contracts in progress3 | €56k | €63k | €84k | €82k | €82k | ▼ 0.2% |
| Stocks30/36 | €56k | €63k | €84k | €82k | €82k | ▼ 0.2% |
| Contracts in progress37 | - | - | €101 | - | - | - |
| Amounts receivable within one year40/41 | €281 | €101 | - | €387 | €5k | ▲ 1,224% |
| Trade receivables40 | €180 | - | - | €171 | €2k | ▲ 1,221% |
| Other amounts receivable41 | €101 | €101 | - | €216 | €3k | ▲ 1,227% |
| Cash at bank and in hand54/58 | €304 | €2k | €304 | €412 | €81 | ▼ 80.3% |
| Deferred charges and accrued income490/1 | - | €332 | €736 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57k | €66k | €85k | €83k | €88k | ▲ 6.0% |
| Equity10/15 | €28k | €27k | €21k | €19k | €11k | ▼ 44.3% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €13k | €12k | €7k | €5k | €-3k | ▼ 167% |
| Amounts payable17/49 | €30k | €39k | €64k | €64k | €77k | ▲ 21.3% |
| Amounts payable after more than one year17 | €13k | €11k | €12k | €15k | €23k | ▲ 54.1% |
| Financial debts170/4 | - | - | - | - | €12k | - |
| Other amounts payable178/9 | €13k | €11k | €12k | €15k | €11k | ▼ 27.6% |
| Amounts payable within one year42/48 | €17k | €29k | €53k | €49k | €55k | ▲ 11.5% |
| Financial debts43 | €3k | €4k | €4k | €7k | €4k | ▼ 43.4% |
| Credit institutions430/8 | €3k | €4k | €4k | €7k | €4k | ▼ 43.4% |
| Other loans439 | €772 | - | - | - | - | - |
| Trade debts44 | €7k | €14k | €36k | €20k | €35k | ▲ 74.5% |
| Suppliers440/4 | €7k | €14k | €36k | €20k | €35k | ▲ 74.5% |
| Taxes, remuneration and social security45 | €3k | €5k | €5k | €9k | €2k | ▼ 75.2% |
| Taxes450/3 | €3k | €5k | €5k | €9k | €2k | ▼ 75.2% |
| Other amounts payable47/48 | €3k | €4k | €8k | €13k | €14k | ▲ 3.5% |
| Accrued charges and deferred income492/3 | €50 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-836 | €-5k | €-2k | €-9k | ▼ 365% |
| + Depreciation and write-downs630 | €1k | €879 | - | - | - | - |
| Operating cash flow (approximation) | €4k | €43 | €-5k | €-2k | €-9k | ▼ 365% |
| Change in cash | - | €2k | €-2k | €108 | €-331 | ▼ 408% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €11k ▲1,022%
Operating result €13k, net result €11k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 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, Balen · 1 establishment unit since 2017
Ground area
321 m²
Building footprint
146 m²
Volume, LiDAR
1,017 m³
Parcel 13003A0957/00K004, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Cosi Bello
since 20172.268.847.222
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13003A0957/00K004 | Flanders | 321 m² | 1 · 146 m² | 10.1 m · 3 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.
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Of 2,213 companies in sector 47711 we hold annual accounts for 889. 497 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
Scores and ratios are computed by Checked and are not a credit decision.