AMCH
ActiveSummary
AMCH has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€102,407) and a net result of €6,160. Equity has been shrinking by about 12% per year since 2018. Its solvency ranks better than 9% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-04-2014 Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housing NACE 68201
- Establishment unit
- 2.229.329.521 1050 Elsene, since 09-04-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2025
Board and ownership
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- €34,201
- ▲ 119%
- Turnover
- ≈ €56,000
- estimated
- Profit
- €6,160
- Equity
- -€102,407
- ▲ 5.7%
- Total assets
- €415,749
- ▼ 1.1%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€102,407Liquidity: current ratio 0.01, cash €1,063lowers riskSize: total assets €415,749Sector: Real estate activities (NACE 68)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 9% of them on solvency, 14% on liquidity, 45% on profitability and 60% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 14-07-2026 at the NBB all 12 filings
Every figure per financial year
The operating result for 2025 is a profit of €12,635, after a loss of €4,279 in 2024.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €224,598 | €19,143 | - | - | €13,119 |
| Depreciation and write-downs of the year | €32,672 | €19,441 | €17,121 | €14,835 | €14,180 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €83,318 | €84,637 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,035 | €27,126 | €31,010 | €32,672 | €19,441 | €17,121 | €14,835 | €14,180 | ▼ 4.4% |
| Other operating charges640/8 | - | - | - | €5,288 | €27,340 | €4,429 | €5,052 | €7,386 | ▲ 46.2% |
| Non-recurring operating charges66A | - | - | - | - | €21,160 | - | - | - | - |
| Gross operating margin9900 | €18,284 | -€6,254 | €7,076 | -€7,506 | €64,753 | €99,013 | €15,608 | €34,201 | ▲ 119% |
| Operating profit (loss)9901 | -€5,643 | -€41,439 | -€29,115 | -€45,466 | -€3,188 | €77,463 | -€4,279 | €12,635 | - |
| Recurring financial income75 | €242 | €15 | €3 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €12,319 | €12,948 | €8,585 | €6,478 | €6,475 | ▼ 0.1% |
| Recurring financial charges65 | €5,661 | €10,501 | €12,358 | €12,319 | €12,948 | €8,585 | €6,478 | €6,475 | ▼ 0.1% |
| Profit (loss) for the period before taxes9903 | -€11,062 | -€51,925 | -€41,470 | -€57,785 | -€16,136 | €68,878 | -€10,757 | €6,160 | - |
| Profit (loss) for the period9904 | -€11,062 | -€51,925 | -€41,470 | -€57,785 | -€16,136 | €68,878 | -€10,757 | €6,160 | - |
| Profit (loss) for the period to be appropriated9905 | -€11,062 | -€51,925 | -€41,470 | -€57,785 | -€16,136 | €68,878 | -€10,757 | €6,160 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €381,150 | €509,133 | €577,339 | €776,235 | €549,505 | €443,559 | €420,325 | €415,749 | ▼ 1.1% |
| Fixed assets21/28 | €371,195 | €502,692 | €574,496 | €766,422 | €548,082 | €431,789 | €416,954 | €412,716 | ▼ 1.0% |
| Tangible fixed assets22/27 | €371,195 | €502,692 | €574,496 | €766,422 | €548,082 | €431,789 | €416,954 | €412,716 | ▼ 1.0% |
| Land and buildings22 | - | - | - | €766,422 | €548,082 | €431,789 | €416,954 | €412,716 | ▼ 1.0% |
| Current assets29/58 | €9,955 | €6,441 | €2,843 | €9,813 | €1,423 | €11,770 | €3,372 | €3,033 | ▼ 10.0% |
| Amounts receivable within one year40/41 | €3,500 | €6,134 | €2,459 | €2,703 | €1,423 | €8,810 | €921 | €480 | ▼ 48.0% |
| Trade receivables40 | - | - | - | - | - | €8,810 | €921 | €480 | ▼ 48.0% |
| Other amounts receivable41 | - | - | - | €2,703 | €1,423 | - | - | - | - |
| Cash at bank and in hand54/58 | €6,310 | - | - | €6,785 | - | €2,673 | €2,071 | €1,063 | ▼ 48.7% |
| Deferred charges and accrued income490/1 | - | - | - | €325 | - | €287 | €379 | €1,491 | ▲ 293% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €381,150 | €509,133 | €577,339 | €776,235 | €549,505 | €443,559 | €420,325 | €415,749 | ▼ 1.1% |
| Equity10/15 | €628 | -€51,297 | -€92,767 | -€150,552 | -€166,688 | -€97,810 | -€108,567 | -€102,407 | ▲ 5.7% |
| Contributions10/11 | €43,600 | €43,600 | - | €43,600 | €43,600 | €43,600 | €43,600 | €43,600 | = |
| Profit (loss) carried forward14 | -€42,972 | -€94,897 | -€136,367 | -€194,152 | -€210,288 | -€141,410 | -€152,167 | -€146,007 | ▲ 4.0% |
| Amounts payable17/49 | €380,522 | €560,430 | €670,106 | €926,787 | €716,193 | €541,369 | €528,892 | €518,156 | ▼ 2.0% |
| Amounts payable after more than one year17 | €277,023 | €338,992 | €456,650 | €537,121 | €351,378 | €281,169 | €263,208 | €244,742 | ▼ 7.0% |
| Financial debts170/4 | - | - | - | €537,121 | €351,378 | €281,169 | €263,208 | €244,742 | ▼ 7.0% |
| Amounts payable within one year42/48 | €103,499 | €221,438 | €213,456 | €389,016 | €364,815 | €260,200 | €265,684 | €273,414 | ▲ 2.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €32,590 | €24,406 | €17,848 | €18,106 | €18,345 | ▲ 1.3% |
| Financial debts43 | - | - | - | - | €3,993 | - | - | - | - |
| Credit institutions430/8 | - | - | - | - | €3,993 | - | - | - | - |
| Trade debts44 | - | €22,005 | €16,672 | €40,065 | €29,651 | €14,915 | €5,191 | €5,506 | ▲ 6.1% |
| Suppliers440/4 | - | - | - | €40,065 | €29,651 | €14,915 | €5,191 | €5,506 | ▲ 6.1% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €826 | - |
| Taxes450/3 | - | - | - | - | - | - | - | €826 | - |
| Other amounts payable47/48 | - | - | - | €316,361 | €306,765 | €227,437 | €242,387 | €248,737 | ▲ 2.6% |
| Accrued charges and deferred income492/3 | - | - | - | €650 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,062 | -€51,925 | -€41,470 | -€57,785 | -€16,136 | €68,878 | -€10,757 | €6,160 | - |
| + Depreciation and write-downs630 | €22,035 | €27,126 | €31,010 | €32,672 | €19,441 | €17,121 | €14,835 | €14,180 | ▼ 4.4% |
| Operating cash flow (approximation) | €10,973 | -€24,799 | -€10,460 | -€25,113 | €3,305 | €85,998 | €4,078 | €20,340 | ▲ 399% |
| Investment in fixed assets (approximation) | - | -€158,623 | -€102,814 | -€224,598 | €198,899 | €99,173 | €0 | -€9,942 | - |
| Change in cash | - | - | - | - | - | - | -€602 | -€1,009 | ▼ 67.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,379 companies had the same profile as AMCH has now. Two years later, 94.3% were still going and 2.4% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AMCH itself: 0.7% 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 1,379 companies, not a prediction for AMCH. 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.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-07-2026 | 2026-00293818 | |
| 31-12-2024 | micro format | 06-06-2025 | 2025-00158972 | |
| 31-12-2023 | micro format | 06-08-2024 | 2024-00333349 | |
| 31-12-2022 | micro format | 17-07-2023 | 2023-00250917 | |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20163870 | |
| 31-12-2020 | micro format | 12-07-2021 | 2021-33600394 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-46100358 | |
| 31-12-2018 | full format | 16-08-2019 | 2019-46700334 | |
| 31-12-2017 | full format | 06-06-2018 | 2018-16400359 | |
| 31-12-2016 | full format | 03-07-2017 | 2017-26300315 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 30-08-2023 Converted to unavailable equity · €43,600
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Arnaud Heynderickx |
|
| CAMMERMANS Gary |
|
| LAUWERS Loïc |
|
| HEYNDERICKX Amaury |
|
| HEYNDERICKX Arnaud-Philip |
|
| Bindel Chuck |
|
| BINDELS Chuck |
|
Network & group
AMCH shares no director with another company.
Companies at the same address
3 other companiesConnections & network
6 current directorsThe network starts from the directors of AMCH. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
30-08
Gazette deed
Changes of role: CAMMERMANS Gary, HEYNDERICKX Arnaud-Philip and 3 othersAmendment of the articles · Capital conversion · Capital19 points ▸
- General meeting, 24-08-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital
- Director resignation, CAMMERMANS Gary (manager)
- Director resignation, HEYNDERICKX Arnaud-Philip (manager)
- Director resignation, LAUWERS Loïc (manager)
- Director resignation, BINDELS Chuck (manager)
- Director resignation, HEYNDERICKX Amaury (manager)
- Director appointment, CAMMERMANS Gary (director (not named in the articles))
- Director appointment, HEYNDERICKX Arnaud-Philip (director (not named in the articles))
- Director appointment, LAUWERS Loïc (director (not named in the articles))
- The act holds 7 more points.
01-08
Gazette deed
Appointments: Gary Cammermans, Loic Lauwers and Arnaud Heynderickx4 points ▸
- General meeting, 09-05-2022
- Director appointment, Gary Cammermans (director)
- Director appointment, Loic Lauwers (director)
- Director appointment, Arnaud Heynderickx (director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
4 activities
- Toutes opérations se rapportant directement ou indirectement à l’exécution de tous travaux,recherches,études,ainsi que la prestation de tous services,consultations et conseils se rapportant à la vie et au fonctionnement de toutes formes d’entreprises privées ou publiques,belges et/ou étrangères,principalement en matière financière,de gestion de management,ainsi qu’en matière d’organisation et de commercialisation
- Toutes activités liées au marketing,aux domaines du secrétariat et de l’accueil,de la traduction,des services de bureaux,de la formation et du recrutement de personnel,de l’organisation d’événements et de séminaires,de la promotion et des relations publiques
- L’achat,la vente de toutes valeurs mobilières et plus principalement d’actions,d’obligations ou titres généralement quelconques,cotés ou non en bourse,et la prise de participation financière dans des sociétés de droit belge ou étranger
- Toutes opérations se rapportant directement ou indirectement à l’achat,la vente,l’échange,la construction,la reconstruction,le lotissement,la démolition,la transformation,l’exploitation,la location et la gérance de tous biens immobiliers bâtis ou non,la réalisation de toutes opérations relatives à l’activité d’administrateur de biens,de marchand de biens et la prise et remise de fonds de commerce,aux bureaux d’étude de marché,aux études portant sur le potentiel commercial de produits,leur acceptation et leur connaissance par le public ainsi que les habitudes d’achat des consommateurs aux fins de la promotion des ventes,aux analyses statistiques des résultats de ces études,à l’organisation de sondages,au bureau de relations publiques,aux conseils et à l’assistance opérationnelle aux entreprises dans les domaines des relations publiques et de la communication
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21447B0292/00K004 | Brussels | 495 m² | 1 · 95 m² | 17.2 m · 5 |