AMMAR
ActiveSummary
AMMAR has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €128,781 and a net result of €65,946. Equity is growing by ~24.5% per year across the filed fiscal years. Its solvency ranks better than 93% of 26040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+79
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 7.93 against 6.08 in 2023; short-term debt: 12% and cash: 79% of total assets), and 12% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-11-2025, 111 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
111 d late
2023
27 d late
2022
19 d early
2021
38 d early
2020
26 d early
2019
87 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 24 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€187,055
EBIT margin
4.1%
Net result
€65,946▲ 6,265%
2023 · €1,036
Working capital
€121,140▲ 116%
2023 · €55,992
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€187,055
Operating result€19,471▲ 302%€7,604▼ 60.9%€5,126▼ 32.6%-€643€64,109
Net result€19,661▲ 343%€5,175▼ 73.7%€4,963▼ 4.1%€1,036▼ 79.1%€65,946▲ 6,265%
EBIT margin4.1%
Equity€51,661▲ 61.4%€56,836▲ 10.0%€61,799▲ 8.7%€62,835▲ 1.7%€128,781▲ 105%
Total assets€59,382▲ 78.4%€67,007▲ 12.8%€70,778▲ 5.6%€73,861▲ 4.4%€146,267▲ 98.0%
Debt€7,720▲ 500%€10,171▲ 31.7%€8,979▼ 11.7%€11,026▲ 22.8%€17,487▲ 58.6%
Working capital€51,661▲ 65.2%€56,836▲ 10.0%€61,799▲ 8.7%€55,992▼ 9.4%€121,140▲ 116%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €64,109 after a loss of €643 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €146,267
Fixed assets
€7,641 ▲ 11.7%
Current assets
€138,626 ▲ 107%
Equity and liabilities €146,267
Equity
€128,781 ▲ 105%
Debt
€17,487 ▲ 58.6%
Debt's share of the balance-sheet total falls from 14.9% to 12.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€64,961▲
2023 · -€486
Cash flow
€66,798▲
2023 · €1,193
Current ratio
7.93▲
2023 · 6.08
Debt to equity
0.14▼
2023 · 0.18
ROE
51.2%▲
2023 · 1.6%
ROA
45.1%▲
2023 · 1.4%
Interest coverage
397.87▲
2023 · -1.51
Debt ≤ 1 year
€17,487▲
2023 · €11,026
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 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% | 1.6% |
| 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 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 34,672 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 | - | €187,055 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €178,438 | €205,823 | €246,735 | - | - |
| Remuneration, social security and pensions62 | - | €93 | €164 | €2 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €732 | - | - | €157 | €852 | ▲ 442% |
| Other operating charges640/8 | - | €920 | €3,305 | €1,501 | €1,538 | ▲ 2.4% |
| Gross operating margin9900 | €21,455 | €8,617 | €8,596 | €1,018 | €66,499 | ▲ 6,435% |
| Operating profit (loss)9901 | €19,471 | €7,604 | €5,126 | -€643 | €64,109 | ▲ 10,074% |
| Financial income75/76B | - | €229 | - | €2,000 | €2,000 | = |
| Recurring financial income75 | €0 | €229 | - | €2,000 | €2,000 | = |
| Non-recurring financial income76B | - | €229 | - | €2,000 | €2,000 | = |
| Financial charges65/66B | - | €161 | €163 | €321 | €163 | ▼ 49.2% |
| Recurring financial charges65 | €156 | €161 | €163 | €321 | €163 | ▼ 49.2% |
| Profit (loss) for the period before taxes9903 | €19,661 | €7,672 | €4,963 | €1,036 | €65,946 | ▲ 6,265% |
| Income taxes67/77 | €0 | €2,497 | - | - | - | - |
| Profit (loss) for the period9904 | €19,661 | €5,175 | €4,963 | €1,036 | €65,946 | ▲ 6,265% |
| Profit (loss) for the period to be appropriated9905 | €19,661 | €5,175 | €4,963 | €1,036 | €65,946 | ▲ 6,265% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,382 | €67,007 | €70,778 | €73,861 | €146,267 | ▲ 98.0% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | - | - | - | €6,843 | €7,641 | ▲ 11.7% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | - | - | - | €6,843 | €7,641 | ▲ 11.7% |
| Plant, machinery and equipment23 | - | - | - | €6,843 | €7,641 | ▲ 11.7% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €59,382 | €67,007 | €70,778 | €67,018 | €138,626 | ▲ 107% |
| Stocks and contracts in progress3 | €5,340 | €597 | €2,061 | €2,923 | - | - |
| Stocks30/36 | - | €597 | €2,061 | €2,923 | - | - |
| Amounts receivable within one year40/41 | €7,790 | €10,866 | €13,432 | €16,324 | €22,588 | ▲ 38.4% |
| Trade receivables40 | - | - | - | €3,199 | €7,514 | ▲ 135% |
| Other amounts receivable41 | - | €10,866 | €13,432 | €13,125 | €15,074 | ▲ 14.8% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €46,251 | €55,543 | €55,068 | €47,585 | €115,560 | ▲ 143% |
| Deferred charges and accrued income490/1 | - | - | €218 | €185 | €478 | ▲ 158% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,382 | €67,007 | €70,778 | €73,861 | €146,267 | ▲ 98.0% |
| Equity10/15 | €51,661 | €56,836 | €61,799 | €62,835 | €128,781 | ▲ 105% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €7,100 | €7,100 | €7,100 | €7,100 | €7,100 | = |
| Non-distributable reserves130/1 | - | €1,340 | €1,340 | €1,340 | €1,340 | = |
| Reserves not available under the articles1311 | - | €1,340 | €1,340 | €1,340 | €1,340 | = |
| Distributable reserves133 | - | €5,760 | €5,760 | €5,760 | €5,760 | = |
| Profit (loss) carried forward14 | €25,961 | €31,136 | €36,098 | €37,135 | €103,080 | ▲ 178% |
| Amounts payable17/49 | €7,720 | €10,171 | €8,979 | €11,026 | €17,487 | ▲ 58.6% |
| Amounts payable within one year42/48 | €7,720 | €10,171 | €8,979 | €11,026 | €17,487 | ▲ 58.6% |
| Trade debts44 | €1,509 | €2,797 | €763 | €1,179 | €3,124 | ▲ 165% |
| Suppliers440/4 | - | €2,797 | €763 | €1,179 | €3,124 | ▲ 165% |
| Taxes, remuneration and social security45 | - | €7,375 | €8,216 | €9,847 | €14,362 | ▲ 45.9% |
| Taxes450/3 | - | €2,075 | €816 | €2,606 | €6,150 | ▲ 136% |
| Remuneration and social security454/9 | - | €5,300 | €7,400 | €7,242 | €8,212 | ▲ 13.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,661 | €5,175 | €4,963 | €1,036 | €65,946 | ▲ 6,265% |
| + Depreciation and write-downs630 | €732 | - | - | €157 | €852 | ▲ 442% |
| Operating cash flow (approximation) | €20,393 | €5,175 | €4,963 | €1,193 | €66,798 | ▲ 5,498% |
| Investment in fixed assets (approximation) | - | - | - | - | -€1,650 | - |
| Change in cash | - | €9,292 | -€476 | -€7,482 | €67,975 | ▲ 1,008% |
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
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 111 days late
2024
31-12
Financial
Highest result since 2018net €65,946 ▲6,265%
Operating result €64,109, net result €65,946, both a record.
31-12
Financial
Equity above €100,000Eq €128,781 ▲105%
7 profitable years in a row build equity to €128,781.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 25.30
Current ratio from 8.94 to 25.30; short-term debt falls from €2,834 to €1,287.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 2015
Ground area
88 m²
Building footprint
98 m²
Volume, LiDAR
896 m³
Parcel 44810K0076/00N005, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AMMAR
since 20152.239.008.240
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44810K0076/00N005 | Flanders | 88 m² | 1 · 98 m² | 11.1 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.239.008.240
Similar companies · same sector, comparable size
BROOD EN BANKET VANHULSEN
BE 0899.599.675
Harelbeke · Eq €128,717
PRECIOSA
BE 0458.734.180
Aalst · Eq €128,708
QUALY FOOD
BE 0422.136.674
Roeselare · Eq €128,694
BOULANGERIE MATHIEU
BE 0763.698.123
Libin · Eq €129,031
VERLUNA
BE 0841.396.212
Mol · Eq €128,512
Of 2,403 companies in sector 47241 we hold annual accounts for 1,101. 894 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
Founded13-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0568644286
Registered
14-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.