AK CONCEPT
ActiveSummary
AK CONCEPT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,846 and a net result of €1,209. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 29% of 4209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▲+29
Solvency44=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.17 in 2024; short-term debt: 80% and cash: 66.7% of total assets), and 81.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
27 d early
2022
3 d early
2021
2 d late
2020
17 d late
2019
3 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 2 days before 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1,209
2024 · -€44,764
Working capital
€53,374▲ 20.9%
2024 · €44,162
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€28,482▼ 48.6%€16,139▼ 43.3%€21,173▲ 31.2%-€29,648€26,630
Net result€10,399▼ 69.2%-€1,874€148-€44,764€1,209
Equity€106,128▲ 10.9%€104,253▼ 1.8%€104,401▲ 0.1%€59,637▼ 42.9%€60,846▲ 2.0%
Total assets€365,480▼ 6.8%€403,710▲ 10.5%€372,888▼ 7.6%€321,709▼ 13.7%€327,919▲ 1.9%
Debt€259,352▼ 12.5%€299,456▲ 15.5%€268,487▼ 10.3%€262,072▼ 2.4%€267,073▲ 1.9%
Working capital€92,053▲ 24.2%€93,656▲ 1.7%€88,891▼ 5.1%€44,162▼ 50.3%€53,374▲ 20.9%
Staff (FTE)6.6▼ 13.2%7.3▲ 10.6%7.8▲ 6.8%7.8=7.9▲ 1.3%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €26,630 after a loss of €29,648 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €327,919
Fixed assets
€12,314 ▼ 23.5%
Current assets
€315,606 ▲ 3.3%
Equity and liabilities €327,919
Equity
€60,846 ▲ 2.0%
Debt
€267,073 ▲ 1.9%
Debt's share of the balance-sheet total stays at 81.4%.
Key figures and ratios
EBITDA
€31,669▲
2024 · -€25,202
Cash flow
€6,247▲
2024 · -€40,318
Current ratio
1.20▲
2024 · 1.17
Quick ratio
0.97▲
2024 · 0.95
Debt to equity
4.39▼
2024 · 4.39
ROE
2.0%▲
2024 · -75.1%
ROA
0.4%▲
2024 · -13.9%
Interest coverage
1.25▲
2024 · -1.69
Debt ≤ 1 year
€262,232▲
2024 · €261,442
Income taxes
€282▲
2024 · €168
Staff costs
€219,084▲
2024 · €200,217
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,500 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,058 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% | 1.6% |
| 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 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 4,500 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 | - | €148,756 | €198,272 | €200,217 | €219,084 | ▲ 9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,369 | €4,378 | €3,033 | €4,446 | €5,038 | ▲ 13.3% |
| Other operating charges640/8 | - | €1,056 | €48,035 | €2,284 | €3,363 | ▲ 47.3% |
| Non-recurring operating charges66A | - | €20 | - | - | - | - |
| Gross operating margin9900 | €205,464 | €170,349 | €270,513 | €177,299 | €254,116 | ▲ 43.3% |
| Operating profit (loss)9901 | €28,482 | €16,139 | €21,173 | -€29,648 | €26,630 | ▲ 190% |
| Financial income75/76B | - | €29 | €160 | - | €143 | - |
| Recurring financial income75 | €9 | €29 | €160 | - | €143 | - |
| Financial charges65/66B | - | €15,366 | €19,493 | €14,949 | €25,283 | ▲ 69.1% |
| Recurring financial charges65 | €14,091 | €15,366 | €19,493 | €14,949 | €25,283 | ▲ 69.1% |
| Profit (loss) for the period before taxes9903 | €14,399 | €802 | €1,839 | -€44,596 | €1,491 | ▲ 103% |
| Income taxes67/77 | €4,001 | €2,676 | €1,692 | €168 | €282 | ▲ 67.8% |
| Profit (loss) for the period9904 | €10,399 | -€1,874 | €148 | -€44,764 | €1,209 | ▲ 103% |
| Profit (loss) for the period to be appropriated9905 | €10,399 | -€1,874 | €148 | -€44,764 | €1,209 | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €365,480 | €403,710 | €372,888 | €321,709 | €327,919 | ▲ 1.9% |
| Fixed assets21/28 | €15,224 | €10,846 | €15,511 | €16,105 | €12,314 | ▼ 23.5% |
| Tangible fixed assets22/27 | €14,924 | €10,546 | €15,211 | €15,805 | €12,014 | ▼ 24.0% |
| Plant, machinery and equipment23 | - | €9,647 | €14,589 | €15,461 | €10,875 | ▼ 29.7% |
| Furniture and vehicles24 | - | €899 | €622 | €345 | €1,139 | ▲ 230% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €350,256 | €392,864 | €357,377 | €305,603 | €315,606 | ▲ 3.3% |
| Stocks and contracts in progress3 | €45,853 | €56,212 | €53,863 | €58,341 | €62,278 | ▲ 6.7% |
| Stocks30/36 | - | €56,212 | €53,863 | €58,341 | €62,278 | ▲ 6.7% |
| Amounts receivable within one year40/41 | €8,633 | €19,821 | €12,148 | €10,898 | €21,149 | ▲ 94.1% |
| Trade receivables40 | - | - | - | - | €283 | - |
| Other amounts receivable41 | - | €19,821 | €12,148 | €10,898 | €20,866 | ▲ 91.5% |
| Cash at bank and in hand54/58 | €261,779 | €281,773 | €258,325 | €206,952 | €218,830 | ▲ 5.7% |
| Deferred charges and accrued income490/1 | - | €35,058 | €33,041 | €29,411 | €13,349 | ▼ 54.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €365,480 | €403,710 | €372,888 | €321,709 | €327,919 | ▲ 1.9% |
| Equity10/15 | €106,128 | €104,253 | €104,401 | €59,637 | €60,846 | ▲ 2.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Outside capital11 | - | - | - | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €85,668 | €83,793 | €83,941 | €39,177 | €40,386 | ▲ 3.1% |
| Amounts payable17/49 | €259,352 | €299,456 | €268,487 | €262,072 | €267,073 | ▲ 1.9% |
| Amounts payable within one year42/48 | €258,203 | €299,208 | €268,487 | €261,442 | €262,232 | ▲ 0.3% |
| Trade debts44 | €225,338 | €260,326 | €207,120 | €199,888 | €218,424 | ▲ 9.3% |
| Suppliers440/4 | - | €260,326 | €207,120 | €199,888 | €218,424 | ▲ 9.3% |
| Taxes, remuneration and social security45 | - | €15,934 | €14,958 | €11,485 | €13,520 | ▲ 17.7% |
| Taxes450/3 | - | €3,589 | €2,592 | €168 | €1,262 | ▲ 652% |
| Remuneration and social security454/9 | - | €12,345 | €12,367 | €11,317 | €12,258 | ▲ 8.3% |
| Other amounts payable47/48 | - | €22,947 | €46,409 | €50,069 | €30,287 | ▼ 39.5% |
| Accrued charges and deferred income492/3 | - | €249 | - | €630 | €4,841 | ▲ 668% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,399 | -€1,874 | €148 | -€44,764 | €1,209 | ▲ 103% |
| + Depreciation and write-downs630 | €16,369 | €4,378 | €3,033 | €4,446 | €5,038 | ▲ 13.3% |
| Operating cash flow (approximation) | €26,768 | €2,503 | €3,181 | -€40,318 | €6,247 | ▲ 115% |
| Investment in fixed assets (approximation) | - | €0 | -€7,698 | -€5,041 | -€1,247 | ▲ 75.3% |
| Change in cash | - | €19,993 | -€23,447 | -€51,373 | €11,877 | ▲ 123% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Back to profitnet €1,209
Net result €1,209 after one loss-making year.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Weakest financial yearnet -€44,764
Net result drops to -€44,764, the lowest in the series; recovery starts the following year.
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Back to profitnet €148
Net result €148 after one loss-making year.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
31-03
Financial
Equity above €100,000Eq €106,128 ▲10.9%
3 profitable years in a row build equity to €106,128.
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
31-03
Financial
Highest result since 2019net €33,764 ▲158%
Operating result €55,364, net result €33,764, both a record.
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
10-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Schaarbeek · 1 establishment unit since 2007
Ground area
564 m²
Building footprint
506 m²
Volume, LiDAR
5,175 m³
2 parcels, Brussels · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
AK CONCEPT
since 20072.162.655.877
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21908E0011/00M015 | Brussels | 344 m² | 1 · 321 m² | 15.5 m · 2 fl. |
| 21445C0250/00E003 | Brussels | 219 m² | 1 · 185 m² | 17.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.162.655.877
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Of 2,474 companies in sector 47279 we hold annual accounts for 949. 787 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
Founded29-11-2006
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47279Other retail sale of food
47260Retail trade
47730Retail sale of pharmaceutical products
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885300786
Also
9925:BE0885300786
Registered
14-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.