Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
From profit to loss in 2025, after a profit of €105,704 in 2024.
Of this, €2.2m falls due within a year.
Green is investment, beige is depreciation.
Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, small). It does better than 4% of them on solvency, 24% on liquidity, 22% on profitability and 1% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 1,251 companies had the same profile as AMPM has now. Each dot stands for 4 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AMPM itself: 0.2% within 12 months.
The method was tested on the 497,447 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 1,251 companies, not a prediction for AMPM. 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.
Liquidity is tight, with a current ratio of 1.05 (3.36 in 2024), below the usual 1.5. Short-term debt is 52.7% and cash 12.2% of total assets. Equity is negative.
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.
The company filed its last 3 accounts on average 9 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| AMPM Ixelles | €4.1m | €87,292 | -0.2% | - |
| MaCu Ventures Antwerp | €3.7m | €94,359 | 20.2% | 0 |
| MATALCO Rixensart | €4.6m | €72,494 | 54.2% | - |
| EJM INVEST Tournai | €4.9m | €102,082 | 43.4% | 0 |
| CHV REFLEXION Tournai | €3.1m | €95,234 | 44.5% | - |
| BERGER INVEST ENERGY & ENGINEERING Chaudfontaine | €3.4m | €104,410 | 2.0% | - |
| RODYN Charleroi | €3.5m | €107,526 | 7.7% | - |
These companies have the same main activity as AMPM: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €3.1m and €4.9m, founded between 2021 and 2023.
AMPM files the micro format. That format states no turnover. The gross margin rose from €17,573 in 2023 to €87,292 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €130,000 and €230,000.
Higher than 10% of 39,368 companies in 2025.
Higher than 26% of 38,051 companies in 2025.
Higher than 14% of 38,523 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
4.1m | 1.2m | 44,532 | |
21/28 |
1.8m | - | - | |
22/27 |
1.8m | - | - | |
22 |
1.8m | - | - | |
28 |
35,000 | - | - | |
29/58 |
2.3m | 1.2m | 44,532 | |
40/41 |
1.8m | 702,568 | 44,213 | |
40 |
97,647 | 702,565 | 43,439 | |
41 |
1.7m | 3 | 774 | |
54/58 |
500,006 | 467,106 | 320 | |
490/1 |
4,948 | - | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
4.1m | 1.2m | 44,532 | |
10/15 |
-6,753 | 121,610 | 15,905 | |
10/11 |
3,500 | 3,500 | 3,500 | |
14 |
-10,253 | 118,110 | 12,405 | |
17/49 |
4.1m | 1.0m | 28,627 | |
17 |
1.9m | 700,000 | - | |
170/4 |
1.2m | - | - | |
178/9 |
704,450 | 700,000 | - | |
42/48 |
2.2m | 348,064 | 28,627 | |
42 |
38,506 | - | - | |
44 |
47,530 | 312,962 | 23,948 | |
440/4 |
47,530 | 312,962 | 23,948 | |
46 |
2,592 | 915 | - | |
45 |
- | 32,481 | 4,135 | |
450/3 |
- | 32,481 | 4,135 | |
47/48 |
2.1m | 1,706 | 545 | |
492/3 |
513 | - | - | |
| Income statement | ||||
9900 |
87,292 | 130,986 | 17,573 | |
630 |
176,792 | - | 969 | |
640/8 |
4,278 | - | - | |
9901 |
-93,778 | 130,986 | 16,604 | |
75/76B |
- | 288 | - | |
75 |
- | 288 | - | |
65/66B |
33,030 | 177 | 64 | |
65 |
33,030 | 177 | 64 | |
9903 |
-126,808 | 131,097 | 16,540 | |
67/77 |
1,555 | 25,392 | 4,135 | |
9904 |
-128,363 | 105,704 | 12,405 | |
9905 |
-128,363 | 105,704 | 12,405 | |
| Appropriation of the result | ||||
9906 |
-10,253 | 118,110 | 12,405 | |
14P |
118,110 | 12,405 | - | |
| Document | ||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 83,014 | - | 17,573 | ||
| 48,429 | - | 13,374 | ||
| 2.0m | - | - | ||
| 32,899 | 466,786 | - | ||
| 112,397 | 821,610 | 15,905 | ||
| -0.2% | 10.4% | 35.7% | ||
| 1.05 | 3.36 | 1.56 | ||
| - | 8.62 | 1.80 | ||
| - | 86.9% | 78.0% | ||
| -3.1% | 9.0% | 27.9% | ||
| 2.51 | - | over 100 |
A ratio outside any meaningful range has been withheld (balance sheet total €4.1m, equity -€6,753).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €2.0m | - | - |
| Financial fixed assets | €35,000 | - | - |
| €176,792 | - | €969 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €93,778, after a profit of €130,986 in 2024. It is the lowest result since 2023.
Equity is negative. Debt (€4.1m) exceeds the balance-sheet total (€4.1m).
AMPM has no parent and no holdings in its annual accounts. Matias VARELA GONZALEZ is the only director. AMPM shares no director with another company.
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| ENHESA
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total assets €30.3m (2025) 0889.888.985 |
| SYNEOS HEALTH BELGIUM
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117 FTE (2025) 0812.400.635 |
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Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
AMPM was incorporated on 21 September 2022 as a private limited company by one natural person, with a starting capital of €2,500.12 The registered office was moved to Brussels in 2026.3 Since 2026, Matias VARELA GONZALEZ has served as director.4 Total assets rose from €44,532 in 2023 to €4.1m in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Louizalaan 287 registered office 1050 Ixelles | ||
| Koning-Soldaatlaan 36/RDC 1070 Anderlecht | 21-09-2022 | 2.339.033.650 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21807G0172/00G000 | 3,384 m² | 1 · 2,779 m² | 31.7 m · 8 |
| 21308H0472/00F006 | 165 m² | 1 · 91 m² | 15.6 m · 4 |
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