AMA
ActiveSummary
AMA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104,432 and a net result of -€58,752. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 37% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-77
Solvency60▼-31
Growth28▼-42
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 27.74 against 18.51 in 2024; short-term debt: 3.6% and cash: 12.5% of total assets), but 64.5% of the assets are financed with debt.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
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 2025Solvency, return and age of the figures
Solvency
35.5%
Return on assets
-20%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
30 d early
2023
20 d early
2022
2 d early
2021
5 d late
2020
1 d early
2019
14 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 10 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 21 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€85,943▼ 50.3%
2024 · €173,060
EBIT margin
-70.3%▼ 81.9pp
2024 · 11.6%
Net result
-€58,752
2024 · €13,464
Working capital
€281,235▲ 25.0%
2024 · €224,941
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Turnover€58,242▼ 69.1%€219,417▲ 277%€135,380▼ 38.3%€173,060▲ 27.8%€85,943▼ 50.3%
Operating result-€77,332€8,725-€47,045€20,022-€60,405
Net result€6,848within the sector's middle half▼ 64.5%€5,889within the sector's middle half▼ 14.0%-€48,239below the sector's middle half€13,464within the sector's middle half-€58,752below the sector's middle half
EBIT margin-132.8%▼ 145.3pp4.0%▲ 136.8pp-34.7%▼ 38.7pp11.6%▲ 46.3pp-70.3%▼ 81.9pp
Equity€192,069above the sector's middle half▲ 3.7%€197,958above the sector's middle half▲ 3.1%€149,719above the sector's middle half▼ 24.4%€163,183above the sector's middle half▲ 9.0%€104,432within the sector's middle half▼ 36.0%
Total assets€288,242within the sector's middle half▼ 28.4%€296,543within the sector's middle half▲ 2.9%€222,178within the sector's middle half▼ 25.1%€246,138within the sector's middle half▲ 10.8%€294,215within the sector's middle half▲ 19.5%
Debt€96,173▼ 55.8%€98,585▲ 2.5%€72,459▼ 26.5%€82,955▲ 14.5%€189,784▲ 129%
Working capital€254,887above the sector's middle half▼ 32.4%€264,652above the sector's middle half▲ 3.8%€194,280above the sector's middle half▼ 26.6%€224,941above the sector's middle half▲ 15.8%€281,235above the sector's middle half▲ 25.0%
Solvency66.6%above the sector's middle half▲ 20.6pp66.8%above the sector's middle half▲ 0.1pp67.4%within the sector's middle half▲ 0.6pp66.3%within the sector's middle half▼ 1.1pp35.5%within the sector's middle half▼ 30.8pp
Current ratio30.44above the sector's middle half▲ 14.6623.50above the sector's middle half▼ 6.9415.23above the sector's middle half▼ 8.2818.51above the sector's middle half▲ 3.2827.74above the sector's middle half▲ 9.23
Return on assets (ROA)2.4%within the sector's middle half▼ 2.4pp2.0%within the sector's middle half▼ 0.4pp-21.7%below the sector's middle half▼ 23.7pp5.5%within the sector's middle half▲ 27.2pp-20.0%below the sector's middle half▼ 25.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 2025: a loss of €60,405 after €20,022 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €294,215
Fixed assets
€2,462 ▼ 70.5%
Current assets
€291,754 ▲ 22.7%
Equity and liabilities €294,215
Equity
€104,432 ▼ 36.0%
Debt
€189,784 ▲ 129%
Debt's share of the balance-sheet total rises from 33.7% to 64.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€54,516▼
2024 · €25,912
Cash flow
-€52,863▼
2024 · €19,353
Quick ratio
6.12▲
2024 · 5.03
Debt to equity
1.82▲
2024 · 0.51
ROE
-56.3%▼
2024 · 8.3%
Interest coverage
-12.25▼
2024 · 14.79
Debt ≤ 1 year
€10,519▼
2024 · €12,846
Debt > 1 year
€179,265▲
2024 · €70,108
Income taxes
-€6,000▼
2024 · €4,815
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
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 1.0% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 5,834 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €58,242 | €219,417 | €135,380 | €173,060 | €85,943 | ▼ 50.3% |
| Non-recurring operating income76A | €9,536 | - | €14,418 | €13,350 | €16,542 | ▲ 23.9% |
| Goods, raw materials, services and sundry goods60/61 | €126,966 | €169,325 | €175,349 | €157,840 | €155,366 | ▼ 1.6% |
| Remuneration, social security and pensions62 | €12,851 | €27,527 | €9,935 | €692 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,751 | €5,844 | €5,889 | €5,889 | €5,889 | = |
| Other operating charges640/8 | €1,541 | €7,913 | €2,394 | €1,560 | €1,410 | ▼ 9.6% |
| Non-recurring operating charges66A | - | €84 | €3,276 | €406 | €224 | ▼ 44.8% |
| Gross operating margin9900 | -€59,188 | €50,093 | -€25,550 | €28,570 | -€52,881 | ▼ 285% |
| Operating profit (loss)9901 | -€77,332 | €8,725 | -€47,045 | €20,022 | -€60,405 | ▼ 402% |
| Financial income75/76B | €92,821 | €6 | €340 | €9 | €101 | ▲ 1,005% |
| Recurring financial income75 | €1,527 | €6 | €340 | €9 | €101 | ▲ 1,005% |
| Non-recurring financial income76B | €91,294 | - | - | - | - | - |
| Financial charges65/66B | €3,947 | €2,415 | €1,534 | €1,752 | €4,448 | ▲ 154% |
| Recurring financial charges65 | €3,947 | €2,415 | €1,534 | €1,752 | €4,448 | ▲ 154% |
| Profit (loss) for the period before taxes9903 | €11,542 | €6,316 | -€48,239 | €18,279 | -€64,752 | ▼ 454% |
| Income taxes67/77 | €4,694 | €427 | - | €4,815 | -€6,000 | ▼ 225% |
| Profit (loss) for the period9904 | €6,848 | €5,889 | -€48,239 | €13,464 | -€58,752 | ▼ 536% |
| Profit (loss) for the period to be appropriated9905 | €6,848 | €5,889 | -€48,239 | €13,464 | -€58,752 | ▼ 536% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €288,242 | €296,543 | €222,178 | €246,138 | €294,215 | ▲ 19.5% |
| Fixed assets21/28 | €24,697 | €20,129 | €14,240 | €8,351 | €2,462 | ▼ 70.5% |
| Tangible fixed assets22/27 | €24,419 | €19,852 | €13,962 | €8,073 | €2,184 | ▼ 72.9% |
| Furniture and vehicles24 | €24,419 | €19,852 | €13,962 | €8,073 | €2,184 | ▼ 72.9% |
| Financial fixed assets28 | €278 | €278 | €278 | €278 | €278 | = |
| Current assets29/58 | €263,545 | €276,414 | €207,938 | €237,787 | €291,754 | ▲ 22.7% |
| Stocks and contracts in progress3 | - | €77,343 | €125,044 | €173,183 | €227,424 | ▲ 31.3% |
| Stocks30/36 | - | €77,343 | €125,044 | €173,183 | €227,424 | ▲ 31.3% |
| Amounts receivable within one year40/41 | €10,132 | €50,025 | €44,557 | €31,425 | €25,588 | ▼ 18.6% |
| Trade receivables40 | €5,813 | €40,213 | €29,312 | €21,253 | €13,044 | ▼ 38.6% |
| Other amounts receivable41 | €4,319 | €9,812 | €15,245 | €10,172 | €12,544 | ▲ 23.3% |
| Cash at bank and in hand54/58 | €250,716 | €145,788 | €36,087 | €31,306 | €36,813 | ▲ 17.6% |
| Deferred charges and accrued income490/1 | €2,696 | €3,257 | €2,250 | €1,874 | €1,928 | ▲ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €288,242 | €296,543 | €222,178 | €246,138 | €294,215 | ▲ 19.5% |
| Equity10/15 | €192,069 | €197,958 | €149,719 | €163,183 | €104,432 | ▼ 36.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | €18,600 | €18,600 | €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 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €171,609 | €177,498 | €129,259 | €142,723 | €83,972 | ▼ 41.2% |
| Amounts payable17/49 | €96,173 | €98,585 | €72,459 | €82,955 | €189,784 | ▲ 129% |
| Amounts payable after more than one year17 | €87,515 | €86,823 | €58,801 | €70,108 | €179,265 | ▲ 156% |
| Financial debts170/4 | - | - | - | - | €100,000 | - |
| Trade debts175 | €87,515 | €86,823 | €58,801 | €70,108 | - | - |
| Other amounts payable178/9 | - | - | - | - | €79,265 | - |
| Amounts payable within one year42/48 | €8,658 | €11,762 | €13,657 | €12,846 | €10,519 | ▼ 18.1% |
| Current portion of amounts payable after more than one year42 | €3,411 | €3,938 | €3,669 | €3,378 | €3,391 | ▲ 0.4% |
| Trade debts44 | €2,540 | €2,426 | €6,223 | €687 | €6,788 | ▲ 888% |
| Suppliers440/4 | €2,540 | €2,426 | €6,223 | €687 | €6,788 | ▲ 888% |
| Taxes, remuneration and social security45 | €2,707 | €5,153 | €3,446 | €8,437 | - | - |
| Taxes450/3 | €639 | €1,789 | €1,805 | €4,941 | - | - |
| Remuneration and social security454/9 | €2,067 | €3,364 | €1,640 | €3,496 | - | - |
| Other amounts payable47/48 | - | €245 | €320 | €345 | €340 | ▼ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,848 | €5,889 | -€48,239 | €13,464 | -€58,752 | ▼ 536% |
| + Depreciation and write-downs630 | €3,751 | €5,844 | €5,889 | €5,889 | €5,889 | = |
| Operating cash flow (approximation) | €10,599 | €11,733 | -€42,350 | €19,353 | -€52,863 | ▼ 373% |
| Investment in fixed assets (approximation) | - | -€1,276 | €0 | €0 | €0 | - |
| Change in cash | - | -€104,928 | -€109,701 | -€4,782 | €5,508 | ▲ 215% |
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
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€58,752
Net result drops to -€58,752, the lowest in the series.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €13,464
Net result €13,464 after one loss-making year.
30-09
Financial
Equity above €150,000Eq €163,183 ▲9%
Equity rises from €149,719 to €163,183.
10-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €19,315 ▲76.7%
Operating result €23,691, net result €19,315, both a record.
30-09
Financial
Liquidity times 5current ratio 15.78
Current ratio from 2.90 to 15.78; short-term debt falls from €139,826 to €25,487.
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Charleroi · 1 establishment unit since 2006
Ground area
929 m²
Building footprint
45 m²
Parcel 52030A0004/00H038, Wallonia. Linked by address, not a title deed.
1 establishment unit
AMA
since 20062.151.831.964
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52030A0004/00H038 | Wallonia | 929 m² | 1 · 45 m² | - |
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.
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Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,505 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
Founded10-02-2006
Fiscal year end30-09
Activities, NACEBEL 2025
43310Plastering work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879278274
Registered
11-01-2026
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.