AMH PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of AMH PROJECT is 2.4% (moderate). The 2024 annual accounts show equity of €26,750 and a net result of €10,048. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 36386 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-17
Solvency40▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.23 in 2023; short-term debt: 61.7% and cash: 15% of total assets), but 85.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 →
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 2024Solvency, return and age of the figures
Solvency
14.6%
Return on assets
5.5%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 36386 sector peers (2024).
NBB · sector comparisonPosition among 36386 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
42 d early
2022
16 d late
2021
25 d late
2020
25 d late
2019
48 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 22 days after 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€422,723
EBIT margin
4.6%
Net result
€10,048▼ 71.8%
2023 · €35,649
Working capital
€66,634▲ 198%
2023 · €22,383
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
Line20202021202220232024
Turnover€422,723
Operating result-€24,464€19,393-€18,852€49,703€8,293▼ 83.3%
Net result-€28,305below the sector's middle half€10,768within the sector's middle half-€22,260below the sector's middle half€35,649above the sector's middle half€10,048within the sector's middle half▼ 71.8%
EBIT margin4.6%
Equity€16,545below the sector's middle half▼ 63.1%€27,313within the sector's middle half▲ 65.1%€5,053below the sector's middle half▼ 81.5%€40,702within the sector's middle half▲ 706%€26,750within the sector's middle half▼ 34.3%
Total assets€124,698within the sector's middle half▼ 12.1%€105,090within the sector's middle half▼ 15.7%€110,308within the sector's middle half▲ 5.0%€180,223within the sector's middle half▲ 63.4%€183,524within the sector's middle half▲ 1.8%
Debt€108,153▲ 11.4%€77,777▼ 28.1%€105,255▲ 35.3%€139,521▲ 32.6%€156,774▲ 12.4%
Working capital-€5,732below the sector's middle half€15,861within the sector's middle half-€2,774below the sector's middle half€22,383within the sector's middle half€66,634within the sector's middle half▲ 198%
Solvency13.3%below the sector's middle half▼ 18.3pp26.0%within the sector's middle half▲ 12.7pp4.6%below the sector's middle half▼ 21.4pp22.6%below the sector's middle half▲ 18.0pp14.6%below the sector's middle half▼ 8.0pp
Current ratio0.91below the sector's middle half▼ 0.461.39within the sector's middle half▲ 0.480.96below the sector's middle half▼ 0.421.23within the sector's middle half▲ 0.261.59within the sector's middle half▲ 0.36
Return on assets (ROA)-22.7%below the sector's middle half▼ 49.9pp10.2%within the sector's middle half▲ 32.9pp-20.2%below the sector's middle half▼ 30.4pp19.8%above the sector's middle half▲ 40.0pp5.5%within the sector's middle half▼ 14.3pp
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 falls in 2024; 2024 is 83% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €183,524
Fixed assets
€3,685 ▼ 93.7%
Current assets
€179,839 ▲ 47.7%
Equity and liabilities €183,524
Equity
€26,750 ▼ 34.3%
Debt
€156,774 ▲ 12.4%
Debt's share of the balance-sheet total rises from 77.4% to 85.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23,832▼
2023 · €66,299
Cash flow
€25,587▼
2023 · €52,245
Debt to equity
5.86▲
2023 · 3.43
ROE
37.6%▼
2023 · 87.6%
Interest coverage
36.50▲
2023 · 15.13
Debt ≤ 1 year
€113,205▲
2023 · €99,368
Income taxes
€2,370▼
2023 · €9,671
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,706 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €422,723 | - | - | - | - |
| Non-recurring operating income76A | - | €982 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €391,644 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,760 | €22,193 | €23,804 | €16,596 | €15,539 | ▼ 6.4% |
| Other operating charges640/8 | - | €3,062 | €3,431 | €4,479 | €3,267 | ▼ 27.1% |
| Non-recurring operating charges66A | - | - | - | - | €2,738 | - |
| Gross operating margin9900 | -€2,277 | €44,648 | €8,383 | €70,778 | €29,837 | ▼ 57.8% |
| Operating profit (loss)9901 | -€24,464 | €19,393 | -€18,852 | €49,703 | €8,293 | ▼ 83.3% |
| Financial income75/76B | - | €1 | - | - | €4,778 | - |
| Recurring financial income75 | €30 | €1 | - | - | €4,778 | - |
| Financial charges65/66B | - | €2,562 | €2,348 | €4,383 | €653 | ▼ 85.1% |
| Recurring financial charges65 | €2,832 | €2,562 | €2,348 | €4,383 | €653 | ▼ 85.1% |
| Profit (loss) for the period before taxes9903 | -€27,266 | €16,832 | -€21,200 | €45,320 | €12,418 | ▼ 72.6% |
| Income taxes67/77 | €1,039 | €6,064 | €1,060 | €9,671 | €2,370 | ▼ 75.5% |
| Profit (loss) for the period9904 | -€28,305 | €10,768 | -€22,260 | €35,649 | €10,048 | ▼ 71.8% |
| Profit (loss) for the period to be appropriated9905 | -€28,305 | €10,768 | -€22,260 | €35,649 | €10,048 | ▼ 71.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €124,698 | €105,090 | €110,308 | €180,223 | €183,524 | ▲ 1.8% |
| Fixed assets21/28 | €69,545 | €48,324 | €33,897 | €58,472 | €3,685 | ▼ 93.7% |
| Tangible fixed assets22/27 | €69,485 | €46,464 | €32,037 | €58,412 | €3,625 | ▼ 93.8% |
| Furniture and vehicles24 | - | €46,464 | €32,037 | €1,918 | €3,625 | ▲ 89.0% |
| Leasing and similar rights25 | - | - | - | €56,494 | - | - |
| Financial fixed assets28 | €60 | €1,860 | €1,860 | €60 | €60 | = |
| Current assets29/58 | €55,153 | €56,766 | €76,411 | €121,751 | €179,839 | ▲ 47.7% |
| Amounts receivable within one year40/41 | €51,283 | €54,228 | €72,348 | €119,862 | €150,381 | ▲ 25.5% |
| Trade receivables40 | - | €11,196 | €3,107 | €18,730 | €38,744 | ▲ 107% |
| Other amounts receivable41 | - | €43,032 | €69,241 | €101,132 | €111,637 | ▲ 10.4% |
| Cash at bank and in hand54/58 | €185 | - | €4,063 | - | €27,569 | - |
| Deferred charges and accrued income490/1 | - | €2,538 | - | €1,889 | €1,889 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €124,698 | €105,090 | €110,308 | €180,223 | €183,524 | ▲ 1.8% |
| Equity10/15 | €16,545 | €27,313 | €5,053 | €40,702 | €26,750 | ▼ 34.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €10,345 | €21,113 | -€1,147 | €34,502 | €20,550 | ▼ 40.4% |
| Amounts payable17/49 | €108,153 | €77,777 | €105,255 | €139,521 | €156,774 | ▲ 12.4% |
| Amounts payable after more than one year17 | €47,268 | €36,872 | €26,070 | €40,153 | - | - |
| Financial debts170/4 | - | €36,872 | €26,070 | €40,153 | - | - |
| Amounts payable within one year42/48 | €60,885 | €40,905 | €79,185 | €99,368 | €113,205 | ▲ 13.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €19,394 | - |
| Financial debts43 | - | €13,143 | €10,802 | €23,572 | - | - |
| Credit institutions430/8 | - | €13,143 | €10,802 | €23,572 | - | - |
| Trade debts44 | €50,286 | €21,698 | €59,078 | €43,624 | €55,270 | ▲ 26.7% |
| Suppliers440/4 | - | €21,698 | €59,078 | €43,624 | €55,270 | ▲ 26.7% |
| Advances received on contracts in progress46 | - | - | €2,182 | - | - | - |
| Taxes, remuneration and social security45 | - | €6,064 | €7,123 | €11,572 | €14,541 | ▲ 25.7% |
| Taxes450/3 | - | €6,064 | €7,123 | €11,572 | €14,541 | ▲ 25.7% |
| Other amounts payable47/48 | - | - | - | €20,600 | €24,000 | ▲ 16.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €43,569 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,305 | €10,768 | -€22,260 | €35,649 | €10,048 | ▼ 71.8% |
| + Depreciation and write-downs630 | €14,760 | €22,193 | €23,804 | €16,596 | €15,539 | ▼ 6.4% |
| Operating cash flow (approximation) | -€13,545 | €32,961 | €1,544 | €52,245 | €25,587 | ▼ 51.0% |
| Investment in fixed assets (approximation) | - | -€972 | -€9,377 | -€41,171 | €39,248 | ▲ 195% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €35,649
Net result €35,649 after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Back to profitnet €10,768
Net result €10,768 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Weakest financial yearnet -€28,305
Net result drops to -€28,305, the lowest in the series; recovery starts the following year.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Oudergem · 1 establishment unit since 2018
Ground area
128 m²
Building footprint
112 m²
Volume, LiDAR
645 m³
Parcel 21332B0060/00Z009, Brussels · tallest building 11.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AMH PROJECT
since 20182.278.320.360
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0060/00Z009 | Brussels | 128 m² | 1 · 112 m² | 11.4 m · 1 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.
Recognitions · licences · registrations
Recognised contractor
3 categoriesAMH PROJECT SRL43404
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,666. 2,188 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 (pre-2019)
Founded23-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43230Insulation installation
43342Specialised construction activities
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700329211
Also
9925:BE0700329211
Registered
20-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.