AJMAT
ActiveSummary
AJMAT has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €771,898 and a net result of €85,489. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 60% of 192 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-5
Solvency86▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 2.76 against 6.14 in 2024; short-term debt: 25.3% and cash: 45% of total assets), and 39.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% 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
60.8%
Return on assets
6.7%
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
35 d early
2023
41 d early
2022
48 d early
2021
26 d early
2020
40 d early
2019
32 d 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 41 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% 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 21 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#3 company by total assets in Walcourt, Manufacturing sector#3 company by equity in Walcourt, Manufacturing sector#9 oldest company in Walcourt, Manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€85,489▼ 34.9%
2024 · €131,242
Working capital
€564,104▼ 17.6%
2024 · €684,662
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, 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
Line20212022202320242025
Operating result-€5,187▲ 73.4%€158,140€266,626▲ 68.6%€158,081▼ 40.7%€100,535▼ 36.4%
Net result€7,672below the sector's middle half▲ 148%€148,005within the sector's middle half▲ 1,829%€205,079within the sector's middle half▲ 38.6%€131,242within the sector's middle half▼ 36.0%€85,489within the sector's middle half▼ 34.9%
Equity€385,010below the sector's middle half▲ 2.0%€533,015below the sector's middle half▲ 38.4%€738,094below the sector's middle half▲ 38.5%€869,336within the sector's middle half▲ 17.8%€771,898within the sector's middle half▼ 11.2%
Total assets€727,247below the sector's middle half▲ 2.0%€881,004below the sector's middle half▲ 21.1%€1.1mbelow the sector's middle half▲ 21.9%€1.2mbelow the sector's middle half▲ 16.2%€1.3mbelow the sector's middle half▲ 1.6%
Debt€256,246▲ 2.8%€261,998▲ 2.2%€249,899▼ 4.6%€292,756▲ 17.1%€410,780▲ 40.3%
Working capital€325,108within the sector's middle half▲ 4.8%€501,753within the sector's middle half▲ 54.3%€619,505within the sector's middle half▲ 23.5%€684,662within the sector's middle half▲ 10.5%€564,104within the sector's middle half▼ 17.6%
Solvency52.9%within the sector's middle half=60.5%within the sector's middle half▲ 7.6pp68.7%above the sector's middle half▲ 8.2pp69.7%above the sector's middle half▲ 0.9pp60.8%within the sector's middle half▼ 8.8pp
Current ratio3.34above the sector's middle half▼ 0.614.15above the sector's middle half▲ 0.814.60above the sector's middle half▲ 0.446.14above the sector's middle half▲ 1.542.76within the sector's middle half▼ 3.38
Return on assets (ROA)1.1%within the sector's middle half▲ 0.6pp16.8%above the sector's middle half▲ 15.7pp19.1%above the sector's middle half▲ 2.3pp10.5%within the sector's middle half▼ 8.6pp6.7%within the sector's middle half▼ 3.8pp
Staff (FTE)7.5below the sector's middle half=7.5below the sector's middle half=7.5below the sector's middle half=7.6below the sector's middle half▲ 1.3%7.6below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€383,218 ▼ 10.9%
Current assets
€885,452 ▲ 8.3%
Equity and liabilities €1.3m
Equity
€771,898 ▼ 11.2%
Provisions
€85,991 =
Debt
€410,780 ▲ 40.3%
Debt's share of the balance-sheet total rises from 23.5% to 32.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€198,016▼
2024 · €237,492
Cash flow
€182,970▼
2024 · €210,652
Quick ratio
2.12▼
2024 · 4.53
Debt to equity
0.53▲
2024 · 0.34
ROE
11.1%▼
2024 · 15.1%
Interest coverage
21.62▼
2024 · 26.35
Debt ≤ 1 year
€321,348▲
2024 · €133,277
Debt > 1 year
€89,433▼
2024 · €159,478
Income taxes
€40,100▼
2024 · €56,919
Staff costs
€400,482▲
2024 · €398,907
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €365,099 | €398,490 | €435,312 | €398,907 | €400,482 | ▲ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65,650 | €50,505 | €48,817 | €79,410 | €97,481 | ▲ 22.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €8,723 | -€131,219 | -€316 | -€15,196 | €0 | ▲ 100% |
| Other operating charges640/8 | €5,577 | €107,788 | €7,125 | €7,431 | €7,222 | ▼ 2.8% |
| Non-recurring operating charges66A | €75 | €425 | €0 | €466 | €0 | ▼ 100% |
| Gross operating margin9900 | €439,938 | €584,129 | €757,563 | €629,099 | €605,720 | ▼ 3.7% |
| Operating profit (loss)9901 | -€5,187 | €158,140 | €266,626 | €158,081 | €100,535 | ▼ 36.4% |
| Financial income75/76B | €44,428 | €47,213 | €35,309 | €39,093 | €34,212 | ▼ 12.5% |
| Recurring financial income75 | €44,428 | €47,213 | €35,309 | €39,093 | €34,212 | ▼ 12.5% |
| Financial charges65/66B | €10,212 | €1,598 | €1,909 | €9,013 | €9,159 | ▲ 1.6% |
| Recurring financial charges65 | €10,212 | €1,598 | €1,909 | €9,013 | €9,159 | ▲ 1.6% |
| Profit (loss) for the period before taxes9903 | €29,029 | €203,756 | €300,026 | €188,161 | €125,589 | ▼ 33.3% |
| Transfer from deferred taxes780 | €0 | - | - | - | - | - |
| Income taxes67/77 | €21,356 | €55,751 | €94,947 | €56,919 | €40,100 | ▼ 29.5% |
| Profit (loss) for the period9904 | €7,672 | €148,005 | €205,079 | €131,242 | €85,489 | ▼ 34.9% |
| Transfer from tax-exempt reserves789 | €56,250 | €0 | €2,900 | €2,900 | €2,900 | = |
| Transfer to tax-exempt reserves689 | - | €29,000 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €63,922 | €119,005 | €207,979 | €134,142 | €88,389 | ▼ 34.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €727,247 | €881,004 | €1.1m | €1.2m | €1.3m | ▲ 1.6% |
| Fixed assets21/28 | €263,262 | €220,211 | €282,334 | €430,143 | €383,218 | ▼ 10.9% |
| Intangible fixed assets21 | - | - | €14,569 | €14,968 | €43,479 | ▲ 190% |
| Tangible fixed assets22/27 | €263,262 | €220,211 | €267,765 | €415,176 | €339,739 | ▼ 18.2% |
| Land and buildings22 | €56,787 | €34,345 | €21,038 | €20,247 | €20,247 | = |
| Plant, machinery and equipment23 | €206,052 | €185,703 | €213,852 | €369,407 | €299,214 | ▼ 19.0% |
| Furniture and vehicles24 | €424 | €162 | €32,874 | €25,522 | €20,277 | ▼ 20.6% |
| Current assets29/58 | €463,985 | €660,793 | €791,649 | €817,939 | €885,452 | ▲ 8.3% |
| Stocks and contracts in progress3 | €264,965 | €236,829 | €194,866 | €214,279 | €203,892 | ▼ 4.8% |
| Stocks30/36 | €228,577 | €223,904 | €194,866 | €194,298 | €201,391 | ▲ 3.7% |
| Contracts in progress37 | €36,388 | €12,925 | €0 | €19,981 | €2,501 | ▼ 87.5% |
| Amounts receivable within one year40/41 | €31,184 | €131,722 | €155,622 | €112,165 | €89,634 | ▼ 20.1% |
| Trade receivables40 | €31,049 | €131,587 | €155,487 | €98,949 | €79,598 | ▼ 19.6% |
| Other amounts receivable41 | €135 | €135 | €135 | €13,216 | €10,035 | ▼ 24.1% |
| Cash at bank and in hand54/58 | €167,836 | €291,326 | €441,162 | €485,593 | €571,310 | ▲ 17.7% |
| Deferred charges and accrued income490/1 | €0 | €917 | €0 | €5,903 | €20,616 | ▲ 249% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €727,247 | €881,004 | €1.1m | €1.2m | €1.3m | ▲ 1.6% |
| Equity10/15 | €385,010 | €533,015 | €738,094 | €869,336 | €771,898 | ▼ 11.2% |
| Contributions10/11 | €232,028 | €232,028 | €232,028 | €232,028 | €232,028 | = |
| Capital10 | €232,028 | €232,028 | €232,028 | €232,028 | €232,028 | = |
| Issued capital100 | €232,028 | €232,028 | €232,028 | €232,028 | €232,028 | = |
| Reserves13 | €152,982 | €300,987 | €506,065 | €637,307 | €539,870 | ▼ 15.3% |
| Non-distributable reserves130/1 | €24,924 | €24,924 | €24,924 | €24,924 | €24,924 | = |
| Legal reserve130 | €24,924 | €24,924 | €24,924 | €24,924 | €24,924 | = |
| Tax-exempt reserves132 | €0 | €29,000 | €26,100 | €23,200 | €20,300 | ▼ 12.5% |
| Distributable reserves133 | €128,058 | €247,063 | €455,041 | €589,183 | €494,645 | ▼ 16.0% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Provisions and deferred taxes16 | €85,991 | €85,991 | €85,991 | €85,991 | €85,991 | = |
| Provisions for liabilities and charges160/5 | €85,991 | €85,991 | €85,991 | €85,991 | €85,991 | = |
| Pensions and similar obligations160 | €85,991 | €85,991 | €85,991 | €85,991 | €85,991 | = |
| Amounts payable17/49 | €256,246 | €261,998 | €249,899 | €292,756 | €410,780 | ▲ 40.3% |
| Amounts payable after more than one year17 | €117,368 | €90,196 | €77,754 | €159,478 | €89,433 | ▼ 43.9% |
| Financial debts170/4 | €117,368 | €90,196 | €77,754 | €159,478 | €89,433 | ▼ 43.9% |
| Amounts payable within one year42/48 | €138,877 | €159,040 | €172,144 | €133,277 | €321,348 | ▲ 141% |
| Current portion of amounts payable after more than one year42 | €26,904 | €27,173 | €34,942 | €67,983 | €70,046 | ▲ 3.0% |
| Trade debts44 | €28,349 | €26,802 | €22,925 | €4,013 | €9,089 | ▲ 126% |
| Suppliers440/4 | €28,349 | €26,802 | €22,925 | €4,013 | €9,089 | ▲ 126% |
| Advances received on contracts in progress46 | €487 | €487 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €83,138 | €104,579 | €114,278 | €61,281 | €59,286 | ▼ 3.3% |
| Taxes450/3 | €37,419 | €68,894 | €73,067 | €30,515 | €23,596 | ▼ 22.7% |
| Remuneration and social security454/9 | €45,719 | €35,685 | €41,211 | €30,766 | €35,690 | ▲ 16.0% |
| Other amounts payable47/48 | - | - | - | - | €182,927 | - |
| Accrued charges and deferred income492/3 | - | €12,762 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,672 | €148,005 | €205,079 | €131,242 | €85,489 | ▼ 34.9% |
| + Depreciation and write-downs630 | €65,650 | €50,505 | €48,817 | €79,410 | €97,481 | ▲ 22.8% |
| Operating cash flow (approximation) | €73,323 | €198,510 | €253,896 | €210,652 | €182,970 | ▼ 13.1% |
| Investment in fixed assets (approximation) | - | -€7,454 | -€110,940 | -€227,219 | -€50,555 | ▲ 77.8% |
| Change in cash | - | €123,490 | €149,836 | €44,431 | €85,717 | ▲ 92.9% |
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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €205,079 ▲38.6%
Operating result €266,626, net result €205,079, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500,000Eq €533,015 ▲38.4%
3 profitable years in a row build equity to €533,015.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €3,097
Net result €3,097 after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Walcourt · 1 establishment unit since 1997
Ground area
2,549 m²
Building footprint
443 m²
Parcel 93011A0383/00Z000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Allée des Plantains(Cha) 17, 5650 Walcourt
since 19972.081.966.428
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93011A0383/00Z000 | Wallonia | 2,549 m² | 1 · 443 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.
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Of 629 companies in sector 22240 we hold annual accounts for 363. 220 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-05-1997
Fiscal year end31-12
Activities, NACEBEL 2025
22230Manufacture of rubber and plastic products
25120Manufacture of fabricated metal products, except machinery and equipment
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460677843
Registered
20-11-2020
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.