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AOL Development

Active
Private limited companyfounded 20232 yrs activeKleine Nieuwedijkstraat 27, 2800 Mechelen, BelgiumKBO/BCE: BE 1002.651.980
Summary

AOL Development has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1,371 and a net result of €1,371. Its solvency ranks better than 20% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
Axes
Profitability38
Solvency25
Growth-
Track record67
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.39; short-term debt: 13.5% and cash: 0% of total assets), and 99.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 19362 sector peers (2024).
NBB · sector comparison
Position among 19362 sector peers
Solvency
better than 20%
← weakest strongest →
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 21-11-2025, 113 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 · 1 filing
Deviation from the deadline
2024
113 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 113 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 24 November 2023, AOL Development was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€1,371
Total assets
€1.7m
Net result
€1,371
Working capital
€91,215

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €1.7m
Fixed assets €1.4m
Current assets €325,627
Equity and liabilities €1.7m
Equity €1,371
Debt €1.7m
Debt finances 99.9% of the balance-sheet total.
Key figures and ratios
2024 value
Current ratio
1.39
Quick ratio
0.40
ROE
100.0%
ROA
0.1%
Debt ≤ 1 year
€234,412
Debt > 1 year
€1.5m
Income taxes
€488
A ratio outside any meaningful range has been withheld (balance sheet total €1.7m, equity €1,371).

Peer companies

Historical observation

Of the 1,513 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.1% went bankrupt
1.3% stopped otherwise
96% still going

A further 0.9% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,513 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
Filed annual accounts As filed with the NBB · 2024 · 36 lines
Balance sheet Code2024
Assets
Total assets20/58€1.7m
Fixed assets21/28€1.4m
Tangible fixed assets22/27€1.4m
Land and buildings22€1.4m
Current assets29/58€325,627
Stocks and contracts in progress3€232,451
Stocks30/36€232,451
Amounts receivable within one year40/41€93,094
Trade receivables40€91,214
Other amounts receivable41€1,880
Cash at bank and in hand54/58€82
Equity and liabilities
Total equity and liabilities10/49€1.7m
Equity10/15€1,371
Reserves13€1,371
Distributable reserves133€1,371
Amounts payable17/49€1.7m
Amounts payable after more than one year17€1.5m
Financial debts170/4€1.5m
Amounts payable within one year42/48€234,412
Trade debts44€78,466
Suppliers440/4€78,466
Taxes, remuneration and social security45€488
Taxes450/3€488
Other amounts payable47/48€155,458
Income statement Code2024
Other operating charges640/8€102,745
Gross operating margin9900€104,964
Operating profit (loss)9901€2,219
Financial charges65/66B€360
Recurring financial charges65€360
Profit (loss) for the period before taxes9903€1,859
Income taxes67/77€488
Profit (loss) for the period9904€1,371
Profit (loss) for the period to be appropriated9905€1,371
Appropriation of the result
Profit (loss) to be appropriated9906€1,371
Transfer to equity691/2€1,371
To other reserves6921€1,371

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Other operating charges640/8€102,745
Gross operating margin9900€104,964
Operating profit (loss)9901€2,219
Financial charges65/66B€360
Recurring financial charges65€360
Profit (loss) for the period before taxes9903€1,859
Income taxes67/77€488
Profit (loss) for the period9904€1,371
Profit (loss) for the period to be appropriated9905€1,371
Line2024
Assets
Total assets20/58€1.7m
Fixed assets21/28€1.4m
Tangible fixed assets22/27€1.4m
Land and buildings22€1.4m
Current assets29/58€325,627
Stocks and contracts in progress3€232,451
Stocks30/36€232,451
Amounts receivable within one year40/41€93,094
Trade receivables40€91,214
Other amounts receivable41€1,880
Cash at bank and in hand54/58€82
Equity and liabilities
Total equity and liabilities10/49€1.7m
Equity10/15€1,371
Reserves13€1,371
Distributable reserves133€1,371
Amounts payable17/49€1.7m
Amounts payable after more than one year17€1.5m
Financial debts170/4€1.5m
Amounts payable within one year42/48€234,412
Trade debts44€78,466
Suppliers440/4€78,466
Taxes, remuneration and social security45€488
Taxes450/3€488
Other amounts payable47/48€155,458
Line2024
Profit (loss) for the period9904€1,371
Operating cash flow (approximation)€1,371

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
21-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 113 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Mechelen · 1 establishment unit since 2024
seat establishment approximate The establishment unit on the map
Ground area
478 m²
Building footprint
93 m²
Volume, LiDAR
477 m³
Parcel 12402B0186/00N002, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AOL Development
Kleine Nieuwedijkstraat 27, 2800 MechelenReal estate development
since 20242.366.102.984
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12402B0186/00N002 Flanders 478 m² 1 · 93 m² 8.5 m · 2 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.

Similar companies · same sector, comparable size

Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 1,026 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
Founded24-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID 0208:1002651980
Also 9925:BE1002651980
Registered 05-02-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.