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AQSA

Active
Private limited companyfounded 20242 yrs activeSint-Gummarusstraat 4, 2060 Antwerpen, BelgiumKBO/BCE: BE 1011.859.062
Summary

The computed 12-month bankruptcy probability of AQSA is 4.6% (elevated). The 2024 annual accounts show negative equity (-€43,091) and a net result of -€45,591. Its solvency ranks better than 10% of 26040 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
4.6% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37; short-term debt: 175.3% and cash: 0.2% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+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
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 2024
Solvency, return and age of the figures
Solvency
-75.3%
Return on assets
-79.7%
Age of the figures
21 mo
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 →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
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 30-10-2025, 91 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
91 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 91 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)
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

AQSA was incorporated on 23 July 2024 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
-€43,091
Total assets
€57,239
Net result
-€45,591
Working capital
-€63,206

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

Balance-sheet composition
Assets €57,239
Fixed assets €20,115
Current assets €37,123
Key figures and ratios
2024 value
EBITDA
-€43,503
Cash flow
-€45,506
Solvency
-75.3%
Current ratio
0.37
Quick ratio
0.12
Debt to equity
-2.33
ROA
-79.7%
Interest coverage
-21.72
Debt
€100,329
Debt ≤ 1 year
€100,329

Peer companies

Historical observation

Of the 7,663 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.4% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.6% 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 7,663 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 · 32 lines
Balance sheet Code2024
Assets
Total assets20/58€57,239
Fixed assets21/28€20,115
Tangible fixed assets22/27€20,115
Plant, machinery and equipment23€20,115
Current assets29/58€37,123
Stocks and contracts in progress3€25,000
Stocks30/36€25,000
Amounts receivable within one year40/41€12,035
Trade receivables40€3,974
Other amounts receivable41€8,061
Cash at bank and in hand54/58€88
Equity and liabilities
Total equity and liabilities10/49€57,239
Equity10/15-€43,091
Contributions10/11€2,500
Profit (loss) carried forward14-€45,591
Amounts payable17/49€100,329
Amounts payable within one year42/48€100,329
Trade debts44€92,826
Suppliers440/4€92,826
Taxes, remuneration and social security45€1,641
Taxes450/3€1,641
Other amounts payable47/48€5,862
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85
Other operating charges640/8€443
Gross operating margin9900-€43,060
Operating profit (loss)9901-€43,588
Financial charges65/66B€2,003
Recurring financial charges65€2,003
Profit (loss) for the period before taxes9903-€45,591
Profit (loss) for the period9904-€45,591
Profit (loss) for the period to be appropriated9905-€45,591
Appropriation of the result
Profit (loss) to be appropriated9906-€45,591

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85
Other operating charges640/8€443
Gross operating margin9900-€43,060
Operating profit (loss)9901-€43,588
Financial charges65/66B€2,003
Recurring financial charges65€2,003
Profit (loss) for the period before taxes9903-€45,591
Profit (loss) for the period9904-€45,591
Profit (loss) for the period to be appropriated9905-€45,591
Line2024
Assets
Total assets20/58€57,239
Fixed assets21/28€20,115
Tangible fixed assets22/27€20,115
Plant, machinery and equipment23€20,115
Current assets29/58€37,123
Stocks and contracts in progress3€25,000
Stocks30/36€25,000
Amounts receivable within one year40/41€12,035
Trade receivables40€3,974
Other amounts receivable41€8,061
Cash at bank and in hand54/58€88
Equity and liabilities
Total equity and liabilities10/49€57,239
Equity10/15-€43,091
Contributions10/11€2,500
Profit (loss) carried forward14-€45,591
Amounts payable17/49€100,329
Amounts payable within one year42/48€100,329
Trade debts44€92,826
Suppliers440/4€92,826
Taxes, remuneration and social security45€1,641
Taxes450/3€1,641
Other amounts payable47/48€5,862
Line2024
Profit (loss) for the period9904-€45,591
+ Depreciation and write-downs630€85
Operating cash flow (approximation)-€45,506

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
30-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 91 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, Antwerpen · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
184 m²
Building footprint
181 m²
Volume, LiDAR
1,042 m³
Parcel 11805E0521/00H000, Flanders · tallest building 15.0 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
AQSA
Sint-Gummarusstraat 4, 2060 AntwerpenNon-specialised retail sale with food, beverages or tobacco predominating
since 20242.363.486.360
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11805E0521/00H000 Flanders 184 m² 1 · 181 m² 15.0 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

Food safety, FASFC

1 site
Antwerpen2.363.486.360
1 permission
Toelating · Detailhandel · since 19-09-2024

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 396 companies in sector 47271 we hold annual accounts for 154. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded23-07-2024
Fiscal year end31-12
Trade name NL WATAN SUPERMARKET
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47271Retail trade
47279Other retail sale of food
46391Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:1011859062
Also 9925:BE1011859062
Registered 23-03-2026

Register as of 27 September 2026 · Peppol Directory

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