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Ak Location

Active
Private limited companyfounded 20205 yrs activeRue du Croupet 48, 4100 Seraing, BelgiumKBO/BCE: BE 0758.724.793
Summary

The computed 12-month bankruptcy probability of Ak Location is 3.8% (moderate). The 2024 annual accounts show equity of €3,380 and a net result of -€3,345. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 49% of 1308 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency67▼-33
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 1.72 against 4.51 in 2023; short-term debt: 58.2% and cash: 0.3% of total assets), but 58.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
41.8%
Return on assets
-41.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
61 d late
2022
39 d early
2021
43 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 24 November 2020, Ak Location was incorporated as a Private limited company.1 Total assets went from EUR 15,247 in 2021 to EUR 8,086 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3,345
2023 · €3,188
Working capital
€3,380▼ 49.7%
2023 · €6,725
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202220232024
Operating result-€688-€1,959€4,419▲ 126%-€3,574
Net result-€755below the sector's middle half-€1,292within the sector's middle half€3,188within the sector's middle half▲ 147%-€3,345below the sector's middle half
Equity€2,245below the sector's middle half-€3,537below the sector's middle half▲ 57.6%€6,725below the sector's middle half▲ 90.1%€3,380below the sector's middle half▼ 49.7%
Total assets€15,247below the sector's middle half-€18,348below the sector's middle half▲ 20.3%€8,643below the sector's middle half▼ 52.9%€8,086below the sector's middle half▼ 6.4%
Debt€13,002-€14,811▲ 13.9%€1,918▼ 87.1%€4,706▲ 145%
Working capital€2,245within the sector's middle half-€3,537within the sector's middle half▲ 57.6%€6,725within the sector's middle half▲ 90.1%€3,380within the sector's middle half▼ 49.7%
Solvency14.7%within the sector's middle half-19.3%within the sector's middle half▲ 4.6pp77.8%above the sector's middle half▲ 58.5pp41.8%within the sector's middle half▼ 36.0pp
Current ratio1.17within the sector's middle half-1.24within the sector's middle half▲ 0.074.51above the sector's middle half▲ 3.271.72within the sector's middle half▼ 2.79
Return on assets (ROA)-5.0%below the sector's middle half-7.0%within the sector's middle half▲ 12.0pp36.9%above the sector's middle half▲ 29.8pp-41.4%below the sector's middle half▼ 78.3pp
above within below the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€4,000-€2,000€0€2,000€4,000Operating result 2021: -€688-€688Net result 2021: -€755-€755Operating result 2022: €1,959€1,959Net result 2022: €1,292€1,292Operating result 2023: €4,419€4,419Net result 2023: €3,188€3,188Operating result 2024: -€3,574-€3,574Net result 2024: -€3,345-€3,3452021202220232024-€4,000-€2,000€0€2,000€4,000Operating result 2022: €1,959€1,960Net result 2022: €1,292€1,290Operating result 2023: €4,419€4,420Net result 2023: €3,188€3,190Operating result 2024: -€3,574-€3,570Net result 2024: -€3,345-€3,350202220232024
The operating result turns negative in 2024: a loss of €3,574 after €4,419 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €8,086
Equity €3,380 ▼ 49.7%
Debt €4,706 ▲ 145%
Debt's share of the balance-sheet total rises from 22.2% to 58.2%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
Debt to equity
1.39▲
2023 · 0.29
ROE
-99.0%▼
2023 · 47.4%
Debt ≤ 1 year
€4,706▲
2023 · €1,918
Income taxes
-€155▼
2023 · €1,063
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
3.0% went bankrupt
9.5% stopped otherwise
87% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 3,592 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 29 lines
Balance sheet Code20232024
Assets
Total assets20/58€8,643€8,086▼
Current assets29/58€8,643€8,086▼
Amounts receivable within one year40/41€4,694€8,062▲
Trade receivables40-€2,549
Other amounts receivable41€4,694€5,512▲
Cash at bank and in hand54/58€3,949€25▼
Equity and liabilities
Total equity and liabilities10/49€8,643€8,086▼
Equity10/15€6,725€3,380▼
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€3,725€380▼
Amounts payable17/49€1,918€4,706▲
Amounts payable within one year42/48€1,918€4,706▲
Trade debts44€384€3,328▲
Suppliers440/4€384€3,328▲
Taxes, remuneration and social security45€1,533€1,378▼
Taxes450/3€1,533€1,378▼
Income statement Code20232024
Other operating charges640/8€384€384=
Gross operating margin9900€4,804-€3,190▼
Operating profit (loss)9901€4,419-€3,574▼
Financial income75/76B€120€297▲
Recurring financial income75€120€297▲
Financial charges65/66B€288€223▼
Recurring financial charges65€288€223▼
Profit (loss) for the period before taxes9903€4,251-€3,500▼
Income taxes67/77€1,063-€155▼
Profit (loss) for the period9904€3,188-€3,345▼
Profit (loss) for the period to be appropriated9905€3,188-€3,345▼
Appropriation of the result
Profit (loss) to be appropriated9906€3,725€380▼
Profit (loss) brought forward from the previous period14P€537€3,725▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Other operating charges640/8€695€348€384€384=
Gross operating margin9900€7€2,307€4,804-€3,190▼ 166%
Operating profit (loss)9901-€688€1,959€4,419-€3,574▼ 181%
Financial income75/76B-€6€120€297▲ 149%
Recurring financial income75-€6€120€297▲ 149%
Financial charges65/66B€67€202€288€223▼ 22.6%
Recurring financial charges65€67€202€288€223▼ 22.6%
Profit (loss) for the period before taxes9903-€755€1,763€4,251-€3,500▼ 182%
Income taxes67/77-€470€1,063-€155▼ 115%
Profit (loss) for the period9904-€755€1,292€3,188-€3,345▼ 205%
Profit (loss) for the period to be appropriated9905-€755€1,292€3,188-€3,345▼ 205%
Line2021202220232024Change
Assets
Total assets20/58€15,247€18,348€8,643€8,086▼ 6.4%
Current assets29/58€15,247€18,348€8,643€8,086▼ 6.4%
Amounts receivable within one year40/41--€4,694€8,062▲ 71.7%
Trade receivables40---€2,549-
Other amounts receivable41--€4,694€5,512▲ 17.4%
Cash at bank and in hand54/58€15,247€18,348€3,949€25▼ 99.4%
Equity and liabilities
Total equity and liabilities10/49€15,247€18,348€8,643€8,086▼ 6.4%
Equity10/15€2,245€3,537€6,725€3,380▼ 49.7%
Contributions10/11€3,000€3,000€3,000€3,000=
Profit (loss) carried forward14-€755€537€3,725€380▼ 89.8%
Amounts payable17/49€13,002€14,811€1,918€4,706▲ 145%
Amounts payable within one year42/48€13,002€14,811€1,918€4,706▲ 145%
Trade debts44€277€12,371€384€3,328▲ 766%
Suppliers440/4€277€12,371€384€3,328▲ 766%
Taxes, remuneration and social security45€725€2,359€1,533€1,378▼ 10.1%
Taxes450/3€725€2,359€1,533€1,378▼ 10.1%
Other amounts payable47/48€12,000€81---
Line2021202220232024Change
Profit (loss) for the period9904-€755€1,292€3,188-€3,345▼ 205%
Operating cash flow (approximation)-€755€1,292€3,188-€3,345▼ 205%
Change in cash-€3,101-€14,399-€3,924▲ 72.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial Weakest financial yearnet -€3,345
Net result drops to -€3,345, the lowest in the series.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial Highest result since 2021net €3,188 ▲147%
Operating result €4,419, net result €3,188, both a record.
31-12
Financial Liquidity quadruplescurrent ratio 4.51
Current ratio from 1.24 to 4.51; short-term debt falls from €14,811 to €1,918.
22-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €1,292
Net result €1,292 after one loss-making year.
18-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Seraing · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
298 m²
Building footprint
178 m²
Volume, LiDAR
1,238 m³
2 parcels, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
J.M. MANU-FER
Voie de Feneur(FEN) 1, 4607 DalhemSpecialised construction activities
since 20212.316.399.788
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62034A0290/00A000 Wallonia 174 m² 1 · 147 m² 8.5 m · 2 fl.
62356F0067/00H012 Wallonia 124 m² 1 · 32 m² 9.9 m · 3 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.

Similar companies · same sector, comparable size

Of 355 companies in sector 52249 we hold annual accounts for 266. 33 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
Founded24-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
52249Warehousing and support activities for transportation
Contact
E-mail jm.manufer@gmail.com
Phone +32475372514
E-invoicing
Not found in the Peppol register

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.