AJM CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of AJM CONSTRUCTION is 2.2% (moderate). The 2025 annual accounts show equity of €45,645 and a net result of €16,240. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 7598 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+40
Solvency89▲+14
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.81 against 0.89 in 2024; short-term debt: 28% and cash: 44.9% of total assets), and 35.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
64.4%
Return on assets
22.9%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
31 d late
2023
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 20 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 31 August (3 of the last 3 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€45,645▲ 46.9%
2024 · €31,071
Total assets
€70,875▲ 13.9%
2024 · €62,243
Net result
€16,240
2024 · -€5,415
Working capital
€16,163
2024 · -€3,530
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€45,410--€5,293€16,875
Net result€36,152above the sector's middle half--€5,415below the sector's middle half€16,240within the sector's middle half
Equity€36,486within the sector's middle half-€31,071within the sector's middle half▼ 14.8%€45,645within the sector's middle half▲ 46.9%
Total assets€83,289within the sector's middle half-€62,243within the sector's middle half▼ 25.3%€70,875within the sector's middle half▲ 13.9%
Debt€46,803-€31,172▼ 33.4%€25,230▼ 19.1%
Working capital-€1,337below the sector's middle half--€3,530below the sector's middle half▼ 164%€16,163within the sector's middle half
Solvency43.8%within the sector's middle half-49.9%within the sector's middle half▲ 6.1pp64.4%within the sector's middle half▲ 14.5pp
Current ratio0.97below the sector's middle half-0.89below the sector's middle half▼ 0.081.81within the sector's middle half▲ 0.93
Return on assets (ROA)43.4%above the sector's middle half--8.7%below the sector's middle half▼ 52.1pp22.9%above the sector's middle half▲ 31.6pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16,875 after a loss of €5,293 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70,875
Fixed assets
€34,844 ▲ 0.7%
Current assets
€36,031 ▲ 30.3%
Equity and liabilities €70,875
Equity
€45,645 ▲ 46.9%
Debt
€25,230 ▼ 19.1%
Debt's share of the balance-sheet total falls from 50.1% to 35.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27,023▲
2024 · €5,018
Cash flow
€26,387▲
2024 · €4,896
Debt to equity
0.55▼
2024 · 1.00
ROE
35.6%▲
2024 · -17.4%
Interest coverage
31.93▲
2024 · 5.93
Debt ≤ 1 year
€19,868▼
2024 · €31,172
Debt > 1 year
€5,361
Income taxes
€2,786
Staff costs
€9,205▼
2024 · €10,501
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,338 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% | 1.9% |
| 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 39,278 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €914 | €10,501 | €9,205 | ▼ 12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,032 | €10,311 | €10,148 | ▼ 1.6% |
| Other operating charges640/8 | €1,104 | €2,369 | €5,550 | ▲ 134% |
| Non-recurring operating charges66A | €318 | - | €29,872 | - |
| Gross operating margin9900 | €58,778 | €17,887 | €71,651 | ▲ 301% |
| Operating profit (loss)9901 | €45,410 | -€5,293 | €16,875 | ▲ 419% |
| Financial income75/76B | €169 | €724 | €2,997 | ▲ 314% |
| Recurring financial income75 | €169 | €724 | €2,997 | ▲ 314% |
| Financial charges65/66B | €366 | €845 | €846 | ▲ 0.1% |
| Recurring financial charges65 | €366 | €845 | €846 | ▲ 0.1% |
| Profit (loss) for the period before taxes9903 | €45,213 | -€5,415 | €19,026 | ▲ 451% |
| Income taxes67/77 | €9,061 | - | €2,786 | - |
| Profit (loss) for the period9904 | €36,152 | -€5,415 | €16,240 | ▲ 400% |
| Profit (loss) for the period to be appropriated9905 | €36,152 | -€5,415 | €16,240 | ▲ 400% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €83,289 | €62,243 | €70,875 | ▲ 13.9% |
| Fixed assets21/28 | €37,823 | €34,602 | €34,844 | ▲ 0.7% |
| Tangible fixed assets22/27 | €37,823 | €34,602 | €34,844 | ▲ 0.7% |
| Land and buildings22 | €9,340 | €8,532 | - | - |
| Plant, machinery and equipment23 | €4,235 | €7,464 | €5,606 | ▼ 24.9% |
| Furniture and vehicles24 | €24,248 | €18,605 | €29,237 | ▲ 57.1% |
| Current assets29/58 | €45,467 | €27,642 | €36,031 | ▲ 30.3% |
| Stocks and contracts in progress3 | €21,414 | €8,588 | - | - |
| Stocks30/36 | €21,414 | €8,588 | - | - |
| Amounts receivable within one year40/41 | €2,653 | €4,897 | €2,701 | ▼ 44.8% |
| Trade receivables40 | €150 | €1,020 | - | - |
| Other amounts receivable41 | €2,503 | €3,877 | €2,701 | ▼ 30.3% |
| Cash at bank and in hand54/58 | €18,736 | €8,978 | €31,827 | ▲ 255% |
| Deferred charges and accrued income490/1 | €2,664 | €5,179 | €1,504 | ▼ 71.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €83,289 | €62,243 | €70,875 | ▲ 13.9% |
| Equity10/15 | €36,486 | €31,071 | €45,645 | ▲ 46.9% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €34,486 | €29,071 | €43,645 | ▲ 50.1% |
| Amounts payable17/49 | €46,803 | €31,172 | €25,230 | ▼ 19.1% |
| Amounts payable after more than one year17 | - | - | €5,361 | - |
| Financial debts170/4 | - | - | €5,361 | - |
| Amounts payable within one year42/48 | €46,803 | €31,172 | €19,868 | ▼ 36.3% |
| Current portion of amounts payable after more than one year42 | - | - | €4,908 | - |
| Trade debts44 | €3,414 | €6,513 | €3,279 | ▼ 49.7% |
| Suppliers440/4 | €3,414 | €6,513 | €3,279 | ▼ 49.7% |
| Taxes, remuneration and social security45 | €9,061 | €7,123 | €3,896 | ▼ 45.3% |
| Taxes450/3 | €9,061 | €5,260 | €2,786 | ▼ 47.0% |
| Remuneration and social security454/9 | - | €1,862 | €1,110 | ▼ 40.4% |
| Other amounts payable47/48 | €34,328 | €17,536 | €7,786 | ▼ 55.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,152 | -€5,415 | €16,240 | ▲ 400% |
| + Depreciation and write-downs630 | €11,032 | €10,311 | €10,148 | ▼ 1.6% |
| Operating cash flow (approximation) | €47,184 | €4,896 | €26,387 | ▲ 439% |
| Investment in fixed assets (approximation) | - | -€7,089 | -€10,390 | ▼ 46.6% |
| Change in cash | - | -€9,759 | €22,849 | ▲ 334% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €16,240
Net result €16,240 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.81
Current ratio from 0.89 to 1.81; short-term debt falls from €31,172 to €19,868.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet -€5,415
Net result drops to -€5,415, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Liège · 1 establishment unit since 2022
Ground area
409 m²
Building footprint
77 m²
Volume, LiDAR
440 m³
Parcel 62087B0327/00F002, Wallonia · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AJM CONSTRUCTION
since 20222.335.543.828
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62087B0327/00F002 | Wallonia | 409 m² | 1 · 77 m² | 6.0 m · 2 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 29,785 companies in sector 41001 we hold annual accounts for 16,058. 13,021 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
Founded12-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0790681345
Registered
22-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.