Result
-€48,281 -€48,281
From profit to loss in 2025, after a profit of €52,642 in 2024.
AM HVAC
Lifetime
3 annual accounts with figures on one time axisTurnoverpeak €165,635 (2024)
€122,291▼ 26.2%
Resultlowest -€48,281 (2025)
-€48,281▼ €100,923
Equitypeak €86,856 (2024)
€38,575▼ 55.6%
Debts
€32,226▼ 8.4%
Board1 name since 2023
1 directorHAJ CHAÏB Ayoub
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Turnover from €165,635 to €122,291Gross margin from €82,948 to €7,349Loss of €48,281Equity from €86,856 to €38,575Investments €18,107Cash from €37,245 to €17,959
Key points
from the 2025 annual accountsInvestments
€18,107 2.1 × depreciation
Green is investment, beige is depreciation.
Payment terms
12 days from customers
Customers pay 111 days earlier.
Liquidity
1.16 was 2.79 in 2024
Short-term debts fell from €35,187 to €32,226.
Filings
3 annual accounts 3 late
The 2024 accounts came latest: 31 days after the end of the period.
Position in the sector
-€48,281
Lower net result than 95% of companies in specialised construction. Sector median €10,218 · 34,996 companies.
Checked score
53
Fair
Financially stronger than 33% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,685 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.3 percentage points vs 07-2025
09-2025: 1.1%▲ +0.2 percentage points vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.2%▲ +0.1 percentage points vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 1.9%▲ +0.7 percentage points vs 07-2026
09-2026: 2.3%▲ +0.4 percentage points vs 08-2026highest value
10-2026: 2.0%▼ -0.3 percentage points vs 09-2026
11-2026: 2.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Loss of €48,281 (financial year 2025)
Founded in 2023
lowers risk
Liquidity: current ratio 1.16, cash €17,959, halved
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 59% of them on solvency, 57% on liquidity, 4% on profitability and 13% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,223 companies had the same profile as AM HVAC has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AM HVAC itself: 2.0% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,223 companies, not a prediction for AM HVAC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.16 (2.79 in 2024), below the usual 1.5. Short-term debt is 45.5% and cash 25.4% of total assets. 45.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
31 days late
2024
31 days late
2023
16 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 26 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0799211704
Incorporation
Appointment: HAJ CHAÏB Ayoub (director) · Registered office clause: avenue de la Croix-Rouge 29, Laeken (1020 Bruxelles) · Founder: HAJ CHAÏB Ayoub (comparant) · published on 08-03-2023 · Gazette deed
First establishment
Rode Kruislaan 29, Brussels
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| AM HVAC Brussels | €70,801 | €7,349 | 54.5% | - |
| Netontkoppeld Dendermonde | €66,370 | €7,629 | 80.1% | - |
| Ets BELIEN Invest Herstal | €76,777 | €6,855 | 49.4% | - |
| LMRC Assesse | €84,130 | €8,058 | -11.0% | - |
| R-ENERGY Ronse | €66,066 | €9,316 | 39.1% | - |
| THE LOVE WARRIORS Woluwe-Saint-Pierre | €55,415 | €8,533 | 19.3% | - |
| CENTRAL AIR CONCEPT Schaerbeek | €67,362 | €8,250 | 29.4% | - |
These companies have the same main activity as AM HVAC: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €55,400 and €84,100, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 06-03-2023Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 3 others
- Establishment unit
- 2.363.227.0341020 Brussels, since 06-03-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 05-02-2026
Insights on AM HVAC
Solvency fell in 2025 from 71.2% to 54.5% because of the loss.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AM HVAC
- What is the company number of AM HVAC?
- The company number of AM HVAC is 0799.211.704. The VAT number is the same number with BE in front: BE 0799.211.704.
- Where is AM HVAC based?
- The registered office is at Rode Kruislaan 29, 1020 Brussels.Company details
- What does AM HVAC do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of AM HVAC?
- AM HVAC is a private limited company (BV).
- When was AM HVAC founded?
- AM HVAC was founded on 06-03-2023.
- Is AM HVAC still active?
- Yes, AM HVAC is an active enterprise in the KBO register.
- What is the turnover of AM HVAC?
- The turnover of AM HVAC was €122,291 in financial year 2025, according to the filed annual accounts.Financials
- Is AM HVAC profitable?
- In financial year 2025, AM HVAC made a loss of €48,281.
- Where can I find the annual accounts of AM HVAC?
- AM HVAC filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AM HVAC due?
- AM HVAC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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