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ATJOR DEVELOPMENTS

Active
Private limited company (pre-2019)founded 2010active for 16 yearsPlutsingenstraat(P) 7, 1670 Pepingen, BelgiumKBO/BCE: BE 0827.643.392
Summary

ATJOR DEVELOPMENTS has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97,439 and a net result of -€5,852. Equity is shrinking by about 6% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.6% (low).

Financials · financial year 2025, micro format

Equity
€97,439▼ 5.7%
2024 · €103,291
Total assets
€248,358▼ 3.3%
2024 · €256,727
Net result
-€5,852▲ 40.9%
2024 · -€9,910
Working capital
-€153,436▼ 1.0%
2023 · -€151,895
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €5,561 in 2025 against €9,893 in 2024; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€5,561 2025 Net result-€5,852 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€31,619--€12,011▲ 62.0%-€10,455▲ 13.0%-€5,567▲ 46.7%-€5,576▼ 0.2%-€6,281▼ 12.6%-€9,893▼ 57.5%-€5,561▲ 43.8%
Net result-€33,452--€12,011▲ 64.1%-€10,455▲ 13.0%-€5,567▲ 46.7%-€5,583▼ 0.3%-€6,281▼ 12.5%-€9,910▼ 57.8%-€5,852▲ 40.9%
Equity€153,099-€141,087▼ 7.8%€130,633▼ 7.4%€125,065▼ 4.3%€119,482▼ 4.5%€113,201▼ 5.3%€103,291▼ 8.8%€97,439▼ 5.7%
Total assets€320,086-€306,160▼ 4.4%€291,735▼ 4.7%€282,495▼ 3.2%€273,561▼ 3.2%€269,910▼ 1.3%€256,727▼ 4.9%€248,358▼ 3.3%
Debt€166,987-€165,072▼ 1.1%€161,103▼ 2.4%€157,430▼ 2.3%€154,080▼ 2.1%€156,710▲ 1.7%€153,436▼ 2.1%€150,920▼ 1.6%
Working capital-€166,502--€164,580▲ 1.2%-€161,103▲ 2.1%-€151,895-€153,436▼ 1.0%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €248,358
Equity €97,439 ▼ 5.7%
Debt €150,920 ▼ 1.6%
Debt's share of the balance-sheet total rises from 59.8% to 60.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2,808▲
2024 · -€1,525
Cash flow
€2,516▲
2024 · -€1,541
Debt to equity
1.55▲
2024 · 1.49
ROE
-6.0%▲
2024 · -9.6%
ROA
-2.4%▲
2024 · -3.9%
Interest coverage
9.64▲
2024 · -93.21
Debt ≤ 1 year
€150,920▼
2024 · €153,436
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90.9% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
1.1% went bankrupt
7.8% stopped otherwise
90.9% 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 0.6% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,910 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 · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€256,727€248,358▼
Fixed assets21/28€256,727€248,358▼
Tangible fixed assets22/27€256,727€248,358▼
Land and buildings22€256,727€248,358▼
Current assets29/58€0-
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€256,727€248,358▼
Equity10/15€103,291€97,439▼
Contributions10/11€110,000€110,000=
Reserves13€49,524€49,524=
Non-distributable reserves130/1€11,000€11,000=
Reserves not available under the articles1311€11,000€11,000=
Distributable reserves133€38,524€38,524=
Profit (loss) carried forward14-€56,233-€62,085▼
Amounts payable17/49€153,436€150,920▼
Amounts payable within one year42/48€153,436€150,920▼
Trade debts44€10,061€1,372▼
Suppliers440/4€10,061€1,372▼
Other amounts payable47/48€143,375€149,548▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,369€8,369=
Other operating charges640/8€1,807€2,045▲
Gross operating margin9900€283€4,853▲
Operating profit (loss)9901-€9,893-€5,561▲
Financial charges65/66B€16€291▲
Recurring financial charges65€16€291▲
Profit (loss) for the period before taxes9903-€9,910-€5,852▲
Profit (loss) for the period9904-€9,910-€5,852▲
Profit (loss) for the period to be appropriated9905-€9,910-€5,852▲
Appropriation of the result
Profit (loss) to be appropriated9906-€56,233-€62,085▼
Profit (loss) brought forward from the previous period14P-€46,323-€56,233▼
Transfer from equity791/2€0-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,701€13,933€13,933€9,240€8,934€8,466€8,369€8,369=
Other operating charges640/8---€1,244€1,693€1,718€1,807€2,045▲ 13.2%
Gross operating margin9900-€3,889€3,837€4,666€4,917€5,050€3,902€283€4,853▲ 1,618%
Operating profit (loss)9901-€31,619-€12,011-€10,455-€5,567-€5,576-€6,281-€9,893-€5,561▲ 43.8%
Financial charges65/66B----€7€0€16€291▲ 1,681%
Recurring financial charges65€1,397€0--€7€0€16€291▲ 1,681%
Profit (loss) for the period before taxes9903-€33,015-€12,011-€10,455-€5,567-€5,583-€6,281-€9,910-€5,852▲ 40.9%
Income taxes67/77€437€0-------
Profit (loss) for the period9904-€33,452-€12,011-€10,455-€5,567-€5,583-€6,281-€9,910-€5,852▲ 40.9%
Profit (loss) for the period to be appropriated9905-€33,452-€12,011-€10,455-€5,567-€5,583-€6,281-€9,910-€5,852▲ 40.9%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€320,086€306,160€291,735€282,495€273,561€269,910€256,727€248,358▼ 3.3%
Fixed assets21/28€319,600€305,668€291,735€282,495€273,561€265,095€256,727€248,358▼ 3.3%
Tangible fixed assets22/27€319,600€305,668€291,735€282,495€273,561€265,095€256,727€248,358▼ 3.3%
Land and buildings22---€282,495€273,561€265,095€256,727€248,358▼ 3.3%
Current assets29/58€485€492€0--€4,815€0--
Amounts receivable within one year40/41€485€485€0------
Cash at bank and in hand54/58-€7€0------
Deferred charges and accrued income490/1-----€4,815€0--
Equity and liabilities
Total equity and liabilities10/49€320,086€306,160€291,735€282,495€273,561€269,910€256,727€248,358▼ 3.3%
Equity10/15€153,099€141,087€130,633€125,065€119,482€113,201€103,291€97,439▼ 5.7%
Contributions10/11€110,000€110,000-€110,000€110,000€110,000€110,000€110,000=
Reserves13€74,524€74,524€64,069€58,501€52,918€49,524€49,524€49,524=
Non-distributable reserves130/1---€11,000€11,000€11,000€11,000€11,000=
Reserves not available under the articles1311---€11,000€11,000€11,000€11,000€11,000=
Distributable reserves133---€47,501€41,918€38,524€38,524€38,524=
Profit (loss) carried forward14-€31,425-€43,436-€43,436-€43,436-€43,436-€46,323-€56,233-€62,085▼ 10.4%
Amounts payable17/49€166,987€165,072€161,103€157,430€154,080€156,710€153,436€150,920▼ 1.6%
Amounts payable within one year42/48€166,987€165,072€161,103€157,430€154,080€156,710€153,436€150,920▼ 1.6%
Trade debts44€6,645€0€1,026€2,646€5,170€7,818€10,061€1,372▼ 86.4%
Suppliers440/4---€2,646€5,170€7,818€10,061€1,372▼ 86.4%
Other amounts payable47/48---€154,783€148,909€148,892€143,375€149,548▲ 4.3%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€33,452-€12,011-€10,455-€5,567-€5,583-€6,281-€9,910-€5,852▲ 40.9%
+ Depreciation and write-downs630€14,701€13,933€13,933€9,240€8,934€8,466€8,369€8,369=
Operating cash flow (approximation)-€18,751€1,922€3,478€3,673€3,350€2,185-€1,541€2,516-
Investment in fixed assets (approximation)-€0€0€0€0€0€0€0-
Change in cash---€7------

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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Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 03-06-2026 2026-00134262
31-12-2024 micro format 03-04-2025 2025-00062453
31-12-2023 micro format 16-07-2024 2024-00247392
31-12-2022 micro format 12-06-2023 2023-00125801
31-12-2021 micro format 27-06-2022 2022-20146499
31-12-2020 micro format 18-06-2021 2021-22300045
31-12-2019 micro format 15-07-2020 2020-30500296
31-12-2018 micro format 11-07-2019 2019-34500376
31-12-2017 micro format 01-08-2018 2018-43200539
31-12-2016 micro format 25-07-2017 2017-36900128

Show all 15 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.