AJM Group
ActiveSummary
AJM Group has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €278,363 and a net result of €97,515. Equity is growing by ~26.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-45
Solvency38▼-20
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.01 in 2024; short-term debt: 28.4% and cash: 5.1% of total assets), and 86.6% 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
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
13.4%
Return on assets
4.7%
Age of the figures
9 mo
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
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 08-07-2026, 23 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
23 d early
2024
7 d early
2023
26 d late
2022
31 d late
2021
25 d late
2020
27 d late
2019
70 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 21 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 25 August (4 of the last 5 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
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€97,515▲ 7.3%
2024 · €90,902
Working capital
-€481,780▼ 67.9%
2024 · -€286,865
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,722▼ 116%-€1,515▲ 44.4%-€3,268▼ 116%-€2,257▲ 30.9%-€23,048▼ 921%
Net result€56,756▲ 26.3%€74,297▲ 30.9%€88,859▲ 19.6%€90,902▲ 2.3%€97,515▲ 7.3%
Equity€101,790▲ 126%€176,087▲ 73.0%€189,947▲ 7.9%€230,848▲ 21.5%€278,363▲ 20.6%
Total assets€705,271▲ 0.1%€704,428▼ 0.1%€701,841▼ 0.4%€702,826▲ 0.1%€2.1m▲ 196%
Debt€603,481▼ 8.5%€528,341▼ 12.5%€511,895▼ 3.1%€471,978▼ 7.8%€1.8m▲ 281%
Working capital-€226,115▼ 1.7%-€213,683▲ 5.5%-€263,080▼ 23.1%-€286,865▼ 9.0%-€481,780▼ 67.9%
Why a figure moved sharply
- 2025 Total assets +196% on 2024. Merger absorbing AB Messancy Invest, effective 01-10-2025.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,048 in 2025 against €2,257 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€2.0m ▲ 181%
Current assets
€107,267 ▲ 6,970%
Equity and liabilities €2.1m
Equity
€278,363 ▲ 20.6%
Debt
€1.8m ▲ 281%
Debt's share of the balance-sheet total rises from 67.2% to 86.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€5,374
Cash flow
€115,189
Current ratio
0.18▲
2024 · 0.01
Debt to equity
6.46▲
2024 · 2.04
ROE
35.0%▼
2024 · 39.4%
ROA
4.7%▼
2024 · 12.9%
Interest coverage
-0.18
Debt ≤ 1 year
€589,048▲
2024 · €288,382
Debt > 1 year
€1.2m▲
2024 · €183,596
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €2,722 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €17,674 | - |
| Other operating charges640/8 | - | €348 | €348 | - | - | - |
| Gross operating margin9900 | -€2,722 | -€1,167 | -€2,920 | -€2,257 | -€5,374 | ▼ 138% |
| Operating profit (loss)9901 | -€2,722 | -€1,515 | -€3,268 | -€2,257 | -€23,048 | ▼ 921% |
| Financial income75/76B | €70,000 | €85,000 | €100,000 | €100,000 | €150,000 | ▲ 50.0% |
| Recurring financial income75 | €70,000 | €85,000 | €100,000 | €100,000 | €150,000 | ▲ 50.0% |
| Financial charges65/66B | €10,522 | €9,188 | €7,873 | €6,842 | €29,437 | ▲ 330% |
| Recurring financial charges65 | €10,522 | €9,188 | €7,873 | €6,842 | €29,437 | ▲ 330% |
| Profit (loss) for the period before taxes9903 | €56,756 | €74,297 | €88,859 | €90,902 | €97,515 | ▲ 7.3% |
| Profit (loss) for the period9904 | €56,756 | €74,297 | €88,859 | €90,902 | €97,515 | ▲ 7.3% |
| Profit (loss) for the period to be appropriated9905 | €56,756 | €74,297 | €88,859 | €90,902 | €97,515 | ▲ 7.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €705,271 | €704,428 | €701,841 | €702,826 | €2.1m | ▲ 196% |
| Fixed assets21/28 | €701,309 | €701,309 | €701,309 | €701,309 | €2.0m | ▲ 181% |
| Intangible fixed assets21 | - | - | - | - | €683,534 | - |
| Tangible fixed assets22/27 | - | - | - | - | €0 | - |
| Other tangible fixed assets26 | - | - | - | - | €0 | - |
| Financial fixed assets28 | €701,309 | €701,309 | €701,309 | €701,309 | €1.3m | ▲ 83.5% |
| Current assets29/58 | €3,962 | €3,119 | €532 | €1,517 | €107,267 | ▲ 6,970% |
| Amounts receivable within one year40/41 | - | - | - | - | €1,460 | - |
| Trade receivables40 | - | - | - | - | €149 | - |
| Other amounts receivable41 | - | - | - | - | €1,311 | - |
| Cash at bank and in hand54/58 | €3,962 | €3,119 | €532 | €1,517 | €105,807 | ▲ 6,873% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €705,271 | €704,428 | €701,841 | €702,826 | €2.1m | ▲ 196% |
| Equity10/15 | €101,790 | €176,087 | €189,947 | €230,848 | €278,363 | ▲ 20.6% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Outside capital11 | €18,550 | - | - | - | - | - |
| Other1109/19 | €18,550 | - | - | - | - | - |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,855 | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €81,385 | €155,682 | €169,542 | €210,443 | €257,958 | ▲ 22.6% |
| Amounts payable17/49 | €603,481 | €528,341 | €511,895 | €471,978 | €1.8m | ▲ 281% |
| Amounts payable after more than one year17 | €373,404 | €311,539 | €248,282 | €183,596 | €1.2m | ▲ 559% |
| Financial debts170/4 | €373,404 | €311,539 | €248,282 | €183,596 | €1.2m | ▲ 559% |
| Amounts payable within one year42/48 | €230,077 | €216,802 | €263,613 | €288,382 | €589,048 | ▲ 104% |
| Current portion of amounts payable after more than one year42 | €60,504 | €61,868 | €63,260 | €64,686 | €173,448 | ▲ 168% |
| Trade debts44 | €825 | €985 | €204 | €0 | €0 | - |
| Suppliers440/4 | €825 | €985 | €204 | €0 | €0 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €17,694 | - |
| Taxes450/3 | - | - | - | - | €17,694 | - |
| Other amounts payable47/48 | €168,749 | €153,949 | €200,149 | €223,696 | €397,905 | ▲ 77.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,756 | €74,297 | €88,859 | €90,902 | €97,515 | ▲ 7.3% |
| + Depreciation and write-downs630 | - | - | - | - | €17,674 | - |
| Operating cash flow (approximation) | €56,756 | €74,297 | €88,859 | €90,902 | €115,189 | ▲ 26.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1.3m | - |
| Change in cash | - | -€843 | -€2,587 | €985 | €104,290 | ▲ 10,490% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
10-02
State Gazette act
Capital & shares · RestructuringMerger · Accounting effect · Share cancellation7 facts ▸
State Gazette act
Capital & shares · Restructuring
Merger · Accounting effect · Share cancellation7 facts ▸
- General meeting, 22-01-2026
- Merger, transfert de patrimoine assimilé à une fusion, 01-10-2025
- Accounting effect, 01-10-2025
- Share cancellation, toutes les actions de la société à responsabilité limitée "AB Messancy Invest"
- Purpose change, La société a également pour objet toutes opérations en matière de conseil et de management concernant notamment l'administration, la direction, la gestion, le d…
- Dissolution, dissolution sans liquidation
- Project publication, 13-11-2025, 24-11-2025
2025
31-12
Financial
Highest result since 2019net €97,515 ▲7.3%
Net result €97,515, the highest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €230,848 ▲21.5%
5 profitable years in a row build equity to €230,848.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €150,000Eq €176,087 ▲73%
3 profitable years in a row build equity to €176,087.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Equity above €100,000Eq €101,790 ▲126%
2 profitable years in a row build equity to €101,790.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Back to profitnet €44,921
Net result €44,921 after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 70 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Habay · 1 establishment unit since 2018
Ground area
732 m²
Parcel 85014B1259/00A010, Wallonia. Linked by address, not a title deed.
1 establishment unit
AJM Group
since 20182.278.386.775
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85014B1259/00A010 | Wallonia | 732 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2023 annual accounts of AJM Group and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:AB Messancy Invest
Identification & contact
Identification
Legal formPrivate limited company
Founded09-08-2018
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700761652
Also
9925:BE0700761652
Registered
01-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.