AKAA
ActiveSummary
The computed 12-month bankruptcy probability of AKAA is 2.8% (moderate). The 2024 annual accounts show equity of €58,943 and a net result of -€11,438. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 26049 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability30▼-29
Solvency38▼-7
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.14 against 0.85 in 2023; short-term debt: 69.7% and cash: 9.1% of total assets), and 87.1% 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 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 2024Solvency, return and age of the figures
Solvency
12.9%
Return on assets
-2.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
114 d late
2022
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 44 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€58,943▼ 16.3%
2023 · €70,381
Total assets
€457,554▲ 32.6%
2023 · €344,945
Net result
-€11,438
2023 · €4,504
Working capital
€43,413
2023 · -€41,863
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line202220232024
Operating result€81,344-€12,596▼ 84.5%-€135
Net result€55,876above the sector's middle half-€4,504within the sector's middle half▼ 91.9%-€11,438below the sector's middle half
Equity€65,876within the sector's middle half-€70,381within the sector's middle half▲ 6.8%€58,943within the sector's middle half▼ 16.3%
Total assets€298,715within the sector's middle half-€344,945above the sector's middle half▲ 15.5%€457,554above the sector's middle half▲ 32.6%
Debt€232,839-€274,565▲ 17.9%€398,611▲ 45.2%
Working capital-€66,153below the sector's middle half--€41,863below the sector's middle half▲ 36.7%€43,413within the sector's middle half
Solvency22.1%within the sector's middle half-20.4%within the sector's middle half▼ 1.6pp12.9%within the sector's middle half▼ 7.5pp
Current ratio0.72below the sector's middle half-0.85within the sector's middle half▲ 0.131.14within the sector's middle half▲ 0.29
Return on assets (ROA)18.7%above the sector's middle half-1.3%within the sector's middle half▼ 17.4pp-2.5%within the sector's middle half▼ 3.8pp
Staff (FTE)3.5-2.1▼ 40.0%2.1=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €135 after €12,596 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €457,554
Fixed assets
€95,256 ▼ 15.1%
Current assets
€362,298 ▲ 55.7%
Equity and liabilities €457,554
Equity
€58,943 ▼ 16.3%
Debt
€398,611 ▲ 45.2%
Debt's share of the balance-sheet total rises from 79.6% to 87.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€20,016▼
2023 · €32,381
Cash flow
€8,713▼
2023 · €24,290
Quick ratio
0.51▲
2023 · 0.50
Debt to equity
6.76▲
2023 · 3.90
ROE
-19.4%▼
2023 · 6.4%
Interest coverage
1.77▼
2023 · 4.66
Debt ≤ 1 year
€318,884▲
2023 · €274,565
Debt > 1 year
€79,726
Income taxes
€0▼
2023 · €1,147
Staff costs
€83,542▲
2023 · €56,011
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,270 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 93% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
3.6%
went bankrupt
2.0%
stopped otherwise
93%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% 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 1,270 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €58,355 | €56,011 | €83,542 | ▲ 49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,043 | €19,786 | €20,151 | ▲ 1.8% |
| Other operating charges640/8 | €2,315 | €5,454 | €2,770 | ▼ 49.2% |
| Gross operating margin9900 | €158,056 | €93,847 | €106,328 | ▲ 13.3% |
| Operating profit (loss)9901 | €81,344 | €12,596 | -€135 | ▼ 101% |
| Financial income75/76B | €3 | €1 | €5 | ▲ 441% |
| Recurring financial income75 | €3 | €1 | €5 | ▲ 441% |
| Financial charges65/66B | €5,247 | €6,946 | €11,308 | ▲ 62.8% |
| Recurring financial charges65 | €5,247 | €6,946 | €11,308 | ▲ 62.8% |
| Profit (loss) for the period before taxes9903 | €76,100 | €5,651 | -€11,438 | ▼ 302% |
| Income taxes67/77 | €20,223 | €1,147 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €55,876 | €4,504 | -€11,438 | ▼ 354% |
| Profit (loss) for the period to be appropriated9905 | €55,876 | €4,504 | -€11,438 | ▼ 354% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €298,715 | €344,945 | €457,554 | ▲ 32.6% |
| Fixed assets21/28 | €132,029 | €112,243 | €95,256 | ▼ 15.1% |
| Intangible fixed assets21 | €89,167 | €79,167 | €69,167 | ▼ 12.6% |
| Tangible fixed assets22/27 | €42,862 | €33,077 | €26,089 | ▼ 21.1% |
| Plant, machinery and equipment23 | €2,664 | €1,819 | €3,773 | ▲ 107% |
| Furniture and vehicles24 | €40,199 | €31,257 | €22,316 | ▼ 28.6% |
| Current assets29/58 | €166,686 | €232,702 | €362,298 | ▲ 55.7% |
| Stocks and contracts in progress3 | €59,987 | €96,212 | €198,391 | ▲ 106% |
| Stocks30/36 | €59,987 | €96,212 | €198,391 | ▲ 106% |
| Amounts receivable within one year40/41 | €79,030 | €102,001 | €121,840 | ▲ 19.4% |
| Trade receivables40 | €79,030 | €100,982 | €121,141 | ▲ 20.0% |
| Other amounts receivable41 | - | €1,019 | €699 | ▼ 31.4% |
| Cash at bank and in hand54/58 | €27,614 | €34,311 | €41,577 | ▲ 21.2% |
| Deferred charges and accrued income490/1 | €55 | €179 | €490 | ▲ 174% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €298,715 | €344,945 | €457,554 | ▲ 32.6% |
| Equity10/15 | €65,876 | €70,381 | €58,943 | ▼ 16.3% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Outside capital11 | €10,000 | - | - | - |
| Other1109/19 | €10,000 | - | - | - |
| Profit (loss) carried forward14 | €55,876 | €60,381 | €48,943 | ▼ 18.9% |
| Amounts payable17/49 | €232,839 | €274,565 | €398,611 | ▲ 45.2% |
| Amounts payable after more than one year17 | - | - | €79,726 | - |
| Financial debts170/4 | - | - | €79,726 | - |
| Amounts payable within one year42/48 | €232,839 | €274,565 | €318,884 | ▲ 16.1% |
| Current portion of amounts payable after more than one year42 | - | - | €19,126 | - |
| Trade debts44 | €94,591 | €62,458 | €115,431 | ▲ 84.8% |
| Suppliers440/4 | €94,591 | €62,458 | €115,431 | ▲ 84.8% |
| Taxes, remuneration and social security45 | €35,191 | €54,735 | €47,201 | ▼ 13.8% |
| Taxes450/3 | €26,717 | €33,607 | €23,514 | ▼ 30.0% |
| Remuneration and social security454/9 | €8,473 | €21,128 | €23,687 | ▲ 12.1% |
| Other amounts payable47/48 | €103,057 | €157,371 | €137,126 | ▼ 12.9% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,876 | €4,504 | -€11,438 | ▼ 354% |
| + Depreciation and write-downs630 | €16,043 | €19,786 | €20,151 | ▲ 1.8% |
| Operating cash flow (approximation) | €71,919 | €24,290 | €8,713 | ▼ 64.1% |
| Investment in fixed assets (approximation) | - | €0 | -€3,164 | - |
| Change in cash | - | €6,697 | €7,267 | ▲ 8.5% |
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
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Weakest financial yearnet -€11,438
Net result drops to -€11,438, the lowest in the series.
22-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 114 days late
2023
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro 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, Herstal · 1 establishment unit since 2021
Ground area
430 m²
Building footprint
116 m²
Volume, LiDAR
1,638 m³
Parcel 62313E0058/00F000, Wallonia · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ESPLANADE EXPRESS
since 20212.325.120.880
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62313E0058/00F000indicative | Wallonia | 430 m² | 1 · 116 m² | 17.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel 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 siteHerstal2.325.120.880
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,853. 4,659 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
Founded09-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47241Retail sale of bread and pastry (bakery outlets)
47621Retail sale of newspapers and periodicals
47690Retail sale of other cultural and recreation goods
56112Limited-service restaurants, excluding mobile food services
77229Renting and leasing of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0778428364
Registered
12-03-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.