Summary
AM-CO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €340,445 and a net result of €45,815. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 8102 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 02-07-2026, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
29 d early
2024
2 d early
2023
7 d early
2022
27 d early
2021
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 20 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€340,445▼ 49.8%
2024 · €678,130
Net result
€45,815▼ 56.9%
2024 · €106,347
Total assets
€350,374▼ 50.1%
2024 · €702,052
Solvency
97.2%▲ 0.6pp
2024 · 96.6%
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 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result€182,187-€119,078▼ 34.6%€100,654▼ 15.5%€138,679▲ 37.8%€53,440▼ 61.5%
Net result€140,565above the sector's middle half-€93,976above the sector's middle half▼ 33.1%€81,214above the sector's middle half▼ 13.6%€106,347above the sector's middle half▲ 30.9%€45,815within the sector's middle half▼ 56.9%
Equity€571,593above the sector's middle half-€665,569above the sector's middle half▲ 16.4%€732,783above the sector's middle half▲ 10.1%€678,130above the sector's middle half▼ 7.5%€340,445within the sector's middle half▼ 49.8%
Total assets€664,027within the sector's middle half-€733,547within the sector's middle half▲ 10.5%€787,320within the sector's middle half▲ 7.3%€702,052within the sector's middle half▼ 10.8%€350,374within the sector's middle half▼ 50.1%
Debt€92,433-€67,978▼ 26.5%€54,537▼ 19.8%€23,923▼ 56.1%€9,929▼ 58.5%
Working capital€533,960above the sector's middle half-€637,937above the sector's middle half▲ 19.5%€704,510above the sector's middle half▲ 10.4%€654,148above the sector's middle half▼ 7.1%€328,459above the sector's middle half▼ 49.8%
Solvency86.1%above the sector's middle half-90.7%above the sector's middle half▲ 4.7pp93.1%above the sector's middle half▲ 2.3pp96.6%above the sector's middle half▲ 3.5pp97.2%above the sector's middle half▲ 0.6pp
Current ratio10.13above the sector's middle half-14.42above the sector's middle half▲ 4.2915.77above the sector's middle half▲ 1.3528.34above the sector's middle half▲ 12.5734.08above the sector's middle half▲ 5.74
Return on assets (ROA)21.2%within the sector's middle half-12.8%within the sector's middle half▼ 8.4pp10.3%within the sector's middle half▼ 2.5pp15.1%within the sector's middle half▲ 4.8pp13.1%within the sector's middle half▼ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 falls in 2025; 2025 is 61% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €350,374
Fixed assets
€11,986 ▼ 50.0%
Current assets
€338,388 ▼ 50.1%
Equity and liabilities €350,374
Equity
€340,445 ▼ 49.8%
Debt
€9,929 ▼ 58.5%
Debt's share of the balance-sheet total falls from 3.4% to 2.8%. Equity and debt are lower.
Key figures and ratios
ROE
13.5%▼
2024 · 15.7%
Debt ≤ 1 year
€9,929▼
2024 · €23,923
Income taxes
€19,076▼
2024 · €45,854
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,189 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,262 | €14,200 | €14,257 | €13,408 | €13,810 | ▲ 3.0% |
| Other operating charges640/8 | €814 | €497 | €544 | €556 | €572 | ▲ 2.9% |
| Non-recurring operating charges66A | - | - | - | €389 | - | - |
| Gross operating margin9900 | €190,262 | €133,775 | €115,455 | €153,032 | €67,821 | ▼ 55.7% |
| Operating profit (loss)9901 | €182,187 | €119,078 | €100,654 | €138,679 | €53,440 | ▼ 61.5% |
| Financial income75/76B | €18,131 | €15,830 | €16,806 | €14,471 | €12,467 | ▼ 13.8% |
| Recurring financial income75 | €18,131 | €14,320 | €16,806 | €14,471 | €12,467 | ▼ 13.8% |
| Non-recurring financial income76B | - | €1,510 | - | - | - | - |
| Financial charges65/66B | €580 | €872 | €1,714 | €949 | €1,015 | ▲ 7.0% |
| Recurring financial charges65 | €580 | €872 | €1,714 | €949 | €1,015 | ▲ 7.0% |
| Profit (loss) for the period before taxes9903 | €199,738 | €134,036 | €115,746 | €152,201 | €64,892 | ▼ 57.4% |
| Income taxes67/77 | €59,173 | €40,061 | €34,532 | €45,854 | €19,076 | ▼ 58.4% |
| Profit (loss) for the period9904 | €140,565 | €93,976 | €81,214 | €106,347 | €45,815 | ▼ 56.9% |
| Profit (loss) for the period to be appropriated9905 | €140,565 | €93,976 | €81,214 | €106,347 | €45,815 | ▼ 56.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €664,027 | €733,547 | €787,320 | €702,052 | €350,374 | ▼ 50.1% |
| Fixed assets21/28 | €71,574 | €48,074 | €35,113 | €23,982 | €11,986 | ▼ 50.0% |
| Tangible fixed assets22/27 | €61,024 | €46,824 | €33,863 | €22,732 | €10,736 | ▼ 52.8% |
| Plant, machinery and equipment23 | €7,321 | €5,810 | €5,539 | €3,769 | €3,637 | ▼ 3.5% |
| Furniture and vehicles24 | €53,702 | €41,013 | €28,324 | €18,963 | €7,099 | ▼ 62.6% |
| Financial fixed assets28 | €10,550 | €1,250 | €1,250 | €1,250 | €1,250 | = |
| Current assets29/58 | €592,453 | €685,473 | €752,207 | €678,070 | €338,388 | ▼ 50.1% |
| Amounts receivable after more than one year29 | €435,353 | €546,303 | €533,003 | €451,644 | €232,100 | ▼ 48.6% |
| Other amounts receivable291 | €435,353 | €546,303 | €533,003 | €451,644 | €232,100 | ▼ 48.6% |
| Amounts receivable within one year40/41 | €103,835 | €104,804 | €169,059 | €164,635 | €55,936 | ▼ 66.0% |
| Trade receivables40 | €77,500 | €82,500 | €66,000 | €77,000 | €16,000 | ▼ 79.2% |
| Other amounts receivable41 | €26,335 | €22,304 | €103,059 | €87,635 | €39,936 | ▼ 54.4% |
| Cash at bank and in hand54/58 | €46,994 | €27,900 | €48,319 | €54,013 | €46,824 | ▼ 13.3% |
| Deferred charges and accrued income490/1 | €6,270 | €6,466 | €1,826 | €7,778 | €3,528 | ▼ 54.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €664,027 | €733,547 | €787,320 | €702,052 | €350,374 | ▼ 50.1% |
| Equity10/15 | €571,593 | €665,569 | €732,783 | €678,130 | €340,445 | ▼ 49.8% |
| Contributions10/11 | €10,300 | €10,300 | €10,300 | €10,300 | €10,300 | = |
| Reserves13 | €561,293 | €655,269 | €722,483 | €667,830 | €330,145 | ▼ 50.6% |
| Tax-exempt reserves132 | €322 | €322 | €322 | €322 | €322 | = |
| Distributable reserves133 | €560,972 | €654,947 | €722,162 | €667,508 | €329,824 | ▼ 50.6% |
| Amounts payable17/49 | €92,433 | €67,978 | €54,537 | €23,923 | €9,929 | ▼ 58.5% |
| Amounts payable after more than one year17 | €33,940 | €20,441 | €6,840 | - | - | - |
| Financial debts170/4 | €33,940 | €20,441 | €6,840 | - | - | - |
| Amounts payable within one year42/48 | €58,493 | €47,536 | €47,697 | €23,923 | €9,929 | ▼ 58.5% |
| Current portion of amounts payable after more than one year42 | €13,396 | €13,499 | €13,602 | €6,840 | - | - |
| Financial debts43 | €45,000 | €21,875 | €33,542 | €16,275 | €5,903 | ▼ 63.7% |
| Credit institutions430/8 | €45,000 | €21,875 | €33,542 | €16,275 | €5,903 | ▼ 63.7% |
| Trade debts44 | €97 | €163 | €554 | €807 | €526 | ▼ 34.9% |
| Suppliers440/4 | €97 | €163 | €554 | €807 | €526 | ▼ 34.9% |
| Taxes, remuneration and social security45 | - | €12,000 | - | - | €3,500 | - |
| Taxes450/3 | - | €12,000 | - | - | €3,500 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €140,565 | €93,976 | €81,214 | €106,347 | €45,815 | ▼ 56.9% |
| + Depreciation and write-downs630 | €7,262 | €14,200 | €14,257 | €13,408 | €13,810 | ▲ 3.0% |
| Operating cash flow (approximation) | €147,826 | €108,176 | €95,471 | €119,755 | €59,625 | ▼ 50.2% |
| Investment in fixed assets (approximation) | - | €9,300 | -€1,296 | -€2,277 | -€1,814 | ▲ 20.4% |
| Change in cash | - | -€19,094 | €20,419 | €5,694 | -€7,189 | ▼ 226% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €45,815 ▼56.9%
Net result drops to €45,815, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Dendermonde · 1 establishment unit since 2017
Ground area
852 m²
Building footprint
126 m²
Volume, LiDAR
720 m³
Parcel 42021B0409/00E000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AM-CO
since 20172.261.795.223
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021B0409/00E000 | Flanders | 852 m² | 1 · 126 m² | 8.3 m · 2 fl. |
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 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
25%
According to the 2025 annual accounts of AM-CO 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.
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Of 24,721 companies in sector 64210 we hold annual accounts for 19,799. 13,774 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
Founded02-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
66199Other activities auxiliary to financial services, excluding insurance and pension funding
70100Activities of head offices
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0670649189
Also
9925:BE0670649189
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.