AMAEDU
ActiveSummary
The computed 12-month bankruptcy probability of AMAEDU is 3.2% (moderate). The 2025 annual accounts show negative equity (-€471,594) and a net result of -€201,351. Equity is shrinking by ~42.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 11508 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.06 in 2024; short-term debt: 628.6% and cash: 8.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-528.6%
Return on assets
-225.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€471,594
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
78 d late
2023
170 d late
2022
140 d late
2021
30 d late
2020
19 d late
2019
59 d late
← 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 70 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 17 October (4 of the last 5 filed years within 82 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€2,959
EBIT margin
-2114.2%
Net result
-€201,351▼ 222%
2024 · -€62,591
Working capital
-€478,755▼ 30.7%
2024 · -€366,338
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Line20212022202320242025
Turnover€2,959
Operating result-€70,459▼ 2,186%-€62,557▲ 11.2%-€45,080▲ 27.9%-€68,025▼ 50.9%-€201,016▼ 196%
Net result-€70,491below the sector's middle half▼ 1,963%-€62,711below the sector's middle half▲ 11.0%-€45,190below the sector's middle half▲ 27.9%-€62,591below the sector's middle half▼ 38.5%-€201,351below the sector's middle half▼ 222%
EBIT margin-2114.2%
Equity-€99,752below the sector's middle half▼ 241%-€162,462below the sector's middle half▼ 62.9%-€207,652below the sector's middle half▼ 27.8%-€270,243below the sector's middle half▼ 30.1%-€471,594below the sector's middle half▼ 74.5%
Total assets€154,146within the sector's middle half▲ 81.0%€161,247within the sector's middle half▲ 4.6%€172,917within the sector's middle half▲ 7.2%€117,447within the sector's middle half▼ 32.1%€89,211within the sector's middle half▼ 24.0%
Debt€253,897▲ 122%€323,710▲ 27.5%€380,569▲ 17.6%€387,690▲ 1.9%€560,805▲ 44.7%
Working capital-€225,478below the sector's middle half▼ 107%-€279,993below the sector's middle half▼ 24.2%-€314,066below the sector's middle half▼ 12.2%-€366,338below the sector's middle half▼ 16.6%-€478,755below the sector's middle half▼ 30.7%
Solvency-64.7%below the sector's middle half▼ 30.4pp-100.8%below the sector's middle half▼ 36.0pp-120.1%below the sector's middle half▼ 19.3pp-230.1%below the sector's middle half▼ 110.0pp-528.6%below the sector's middle half▼ 298.5pp
Current ratio0.11below the sector's middle half▲ 0.060.14below the sector's middle half▲ 0.020.17below the sector's middle half▲ 0.040.06below the sector's middle half▼ 0.120.15below the sector's middle half▲ 0.09
Return on assets (ROA)-45.7%below the sector's middle half▼ 41.7pp-38.9%below the sector's middle half▲ 6.8pp-26.1%below the sector's middle half▲ 12.8pp-53.3%below the sector's middle half▼ 27.2pp-225.7%below the sector's middle half▼ 172.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €201,016 in 2025 against €68,025 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89,211
Fixed assets
€7,161 ▼ 92.5%
Current assets
€82,050 ▲ 284%
Key figures and ratios
EBITDA
-€191,664▼
2024 · -€57,706
Cash flow
-€191,999▼
2024 · -€52,272
Debt to equity
-1.19▲
2024 · -1.43
Interest coverage
-572.01▲
2024 · -640.82
Debt ≤ 1 year
€560,805▲
2024 · €387,690
Staff costs
€36,658▲
2024 · €26,027
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.2% 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 497,338 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% | 1.9% |
| 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 6,906 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 | - | €2,959 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €38,199 | - | - | - | - |
| Remuneration, social security and pensions62 | €6,737 | €16,294 | €32,927 | €26,027 | €36,658 | ▲ 40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,893 | €10,675 | €11,117 | €10,319 | €9,352 | ▼ 9.4% |
| Other operating charges640/8 | €348 | €348 | €648 | €17,559 | €540 | ▼ 96.9% |
| Non-recurring operating charges66A | - | - | - | - | €79,582 | - |
| Gross operating margin9900 | -€60,481 | -€35,240 | -€388 | -€14,119 | -€74,885 | ▼ 430% |
| Operating profit (loss)9901 | -€70,459 | -€62,557 | -€45,080 | -€68,025 | -€201,016 | ▼ 196% |
| Financial income75/76B | €592 | €43 | - | €5,524 | €0 | ▼ 100% |
| Recurring financial income75 | €592 | €43 | - | €5,524 | €0 | ▼ 100% |
| Financial charges65/66B | €624 | €197 | €110 | €90 | €335 | ▲ 272% |
| Recurring financial charges65 | €624 | €197 | €110 | €90 | €335 | ▲ 272% |
| Profit (loss) for the period before taxes9903 | -€70,491 | -€62,711 | -€45,190 | -€62,591 | -€201,351 | ▼ 222% |
| Profit (loss) for the period9904 | -€70,491 | -€62,711 | -€45,190 | -€62,591 | -€201,351 | ▼ 222% |
| Profit (loss) for the period to be appropriated9905 | -€70,491 | -€62,711 | -€45,190 | -€62,591 | -€201,351 | ▼ 222% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154,146 | €161,247 | €172,917 | €117,447 | €89,211 | ▼ 24.0% |
| Fixed assets21/28 | €125,727 | €117,531 | €106,414 | €96,095 | €7,161 | ▼ 92.5% |
| Tangible fixed assets22/27 | €46,144 | €37,949 | €26,832 | €16,513 | €7,161 | ▼ 56.6% |
| Furniture and vehicles24 | €46,144 | €37,949 | €26,832 | €16,513 | €7,161 | ▼ 56.6% |
| Financial fixed assets28 | €79,583 | €79,582 | €79,582 | €79,582 | €0 | ▼ 100% |
| Current assets29/58 | €28,419 | €43,716 | €66,503 | €21,352 | €82,050 | ▲ 284% |
| Amounts receivable within one year40/41 | €15,720 | €23,996 | €50,340 | €19,706 | €74,808 | ▲ 280% |
| Trade receivables40 | €2,328 | €4,436 | €45,744 | €17,693 | €74,742 | ▲ 322% |
| Other amounts receivable41 | €13,392 | €19,560 | €4,596 | €2,013 | €67 | ▼ 96.7% |
| Cash at bank and in hand54/58 | €10,278 | €19,720 | €16,163 | €1,646 | €7,242 | ▲ 340% |
| Deferred charges and accrued income490/1 | €2,421 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154,146 | €161,247 | €172,917 | €117,447 | €89,211 | ▼ 24.0% |
| Equity10/15 | -€99,752 | -€162,462 | -€207,652 | -€270,243 | -€471,594 | ▼ 74.5% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€112,152 | -€174,862 | -€220,052 | -€282,643 | -€483,994 | ▼ 71.2% |
| Amounts payable17/49 | €253,897 | €323,710 | €380,569 | €387,690 | €560,805 | ▲ 44.7% |
| Amounts payable within one year42/48 | €253,897 | €323,710 | €380,569 | €387,690 | €560,805 | ▲ 44.7% |
| Trade debts44 | €16,042 | - | €19,880 | €4,207 | €73,497 | ▲ 1,647% |
| Suppliers440/4 | €16,042 | - | €19,880 | €4,207 | €73,497 | ▲ 1,647% |
| Taxes, remuneration and social security45 | - | €21 | - | - | €4,172 | - |
| Taxes450/3 | - | €21 | - | - | €2,529 | - |
| Remuneration and social security454/9 | - | - | - | - | €1,643 | - |
| Other amounts payable47/48 | €237,855 | €323,689 | €360,689 | €383,483 | €483,136 | ▲ 26.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€70,491 | -€62,711 | -€45,190 | -€62,591 | -€201,351 | ▼ 222% |
| + Depreciation and write-downs630 | €2,893 | €10,675 | €11,117 | €10,319 | €9,352 | ▼ 9.4% |
| Operating cash flow (approximation) | -€67,597 | -€52,036 | -€34,073 | -€52,272 | -€191,999 | ▼ 267% |
| Investment in fixed assets (approximation) | - | -€2,479 | -€0 | €1 | €79,582 | ▲ 12,434,559% |
| Change in cash | - | €9,442 | -€3,557 | -€14,517 | €5,595 | ▲ 139% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€201,351
Net result drops to -€201,351, the lowest in the series.
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 78 days late
17-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 170 days late
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 140 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Brussel · 2 establishment units since 2021
Ground area
4.1 ha
Building footprint
1.2 ha
Volume, LiDAR
103,930 m³
2 parcels, Brussels, Wallonia · tallest building 34.9 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
AMAEDU
since 20212.316.776.110
AMAEDU
since 20212.317.039.790
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25386B0152/00N000 | Wallonia | 4.0 ha | 1 · 1.2 ha | 34.9 m · 2 fl. |
| 21822R0226/04X002 | Brussels | 570 m² | 1 · 228 m² | 20.1 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 227 companies in sector 46497 we hold annual accounts for 101. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46497Wholesale trade
47640Retail sale of games and toys
47120Other non-specialised retail sale
62900Other information technology and computer services
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0646800948
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.