Financials
- Financial year
- 2025
- Total assets
- €445,661
- Loss
- -€52,878
- Solvency
- 31.6%
Turnover▼ 74.6%
Net result
20182022
AJM FRAMERIES
Judicial reorganisationSummary
The file of AJM FRAMERIES contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €140,712 and a net result of -€52,878. Equity is growing by about 8.4% per year across the filed financial years. Its solvency ranks better than 48% of 21,956 sector peers (NACE 47, financial year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Hainaut
- Opened
- 1 June 2023
- Track
- Reorganisation by collective agreement
- Docket number
- 20230012
- Moratorium until
- 1 February 2024 (passed; an extension would be in a later judgment)
- Creditors' vote
- 1 February 2024
- Delegated judge
- Pierre Gobin
- Official Gazette
- 07-06-2023 (pdf) ↗search the document for 2023/122153
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Follow
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811Service activities incidental to land transportation NACE 52210
1 site
Size
€445,661total assets 2025
- Staff
- 2.8 FTE
- Equity
- €140,712
- Loss
- -€52,878
Financial health
24
Critical
Checked score 2025Reorganisation running: about 1 in 4 bankrupt within the year
Signalsraises riskIn judicial reorganisationneutralLatest accounts filed on timeShow the evidence
Checked score
Score 2025
24
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
An ongoing judicial reorganisation from the Belgian Official Gazette caps the score at 24. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency
57-8
equity 31.6% of total assets
Liquidity
98-2
short-term debt 12.6% · cash 75.0%
Profitability
4-96
return on assets -11.9%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity ample (current ratio 6.42, compared with 15.49 in 2024; short-term debt: 12.6% and cash: 75% of total assets), but 68.4% of the assets are financed with debt.
Signals
Two signals.
raises riskneutral
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 days early
2024
on the day
2023
16 days late
2022
21 days late
2021
22 days late
2020
12 days early
2019
9 days 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 on the deadline day; the sector median (NACE 47) for financial year 2024 is 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 17 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
11-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: MINGIRULLI Bruno (manager)Appointment: MINGIRULLI Bruno (non-statutory director)…
- Annual accounts filedfinancial year 2024 · micro…
Key points
By topic
Board & ownership
- Board
- 1 member
- MINGIRULLI BrunoDirector
Timeline
- Events
- 33
- Since
- 2001
- Next accounts
- by 31-07-2027
- 31-12-2024Back to profit
- 31-12-2024Liquidity more than 366 times
- 31-12-2024Equity above €150,000
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail sale of cars and light vans (up…NACE 47811
- Founded
- 22-02-2000
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 25
- Annual meeting
- Last Thursday of May at 14:00
- Purpose
- Commerce de détail en véhicules à moteur neuf et accessoires (neufs),autos et accessoires…
Go further with this company
What should you check before you do business with this company?Supplier due diligence What were this company's board, registered office and name on a given date?Company as of a date Are there other customers at risk in your own list?Process a list How is the retail sale of cars and light vans (up to 3.5 tonnes) sector doing?Sector figures
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