AYCO
ActiveSummary
AYCO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €88k and a net result of €25k. Equity is growing by ~46.3% per year across the filed fiscal years. Its solvency ranks better than 82% of 9517 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability98▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 7.16 against 14.72 in 2023; short-term debt: 12.6% and cash: 74.6% of total assets), and 17.9% 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○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
31 d early
2022
32 d early
2021
53 d early
2020
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€88k▲ 39.8%
2023 · €63k
Total assets
€107k▲ 40.5%
2023 · €76k
Net result
€25k▲ 24.7%
2023 · €20k
Working capital
€83k▲ 49.7%
2023 · €56k
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
Operating result€8k-€16k▲ 105%€16k▼ 0.5%€25k▲ 59.7%€29k▲ 15.6%
Net result€8k-€16k▲ 101%€13k▼ 16.1%€20k▲ 51.7%€25k▲ 24.7%
Equity€14k-€30k▲ 114%€43k▲ 44.6%€63k▲ 46.8%€88k▲ 39.8%
Total assets€26k-€54k▲ 103%€60k▲ 11.2%€76k▲ 27.6%€107k▲ 40.5%
Debt€13k-€24k▲ 91.4%€17k▼ 29.9%€13k▼ 20.9%€19k▲ 43.7%
Working capital€13k-€26k▲ 93.3%€32k▲ 25.0%€56k▲ 71.7%€83k▲ 49.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 16% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €107k
Fixed assets
€10k ▼ 38.1%
Current assets
€97k ▲ 62.1%
Equity and liabilities €107k
Equity
€88k ▲ 39.8%
Debt
€19k ▲ 43.7%
Debt's share of the balance-sheet total rises from 17.5% to 17.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37k▲
2023 · €33k
Cash flow
€33k▲
2023 · €28k
Current ratio
7.16▼
2023 · 14.72
Debt to equity
0.22▲
2023 · 0.21
ROE
28.5%▼
2023 · 31.9%
ROA
23.3%▼
2023 · 26.3%
Interest coverage
60.69▲
2023 · 49.18
Debt ≤ 1 year
€14k▲
2023 · €4k
Debt > 1 year
€6k▼
2023 · €9k
Income taxes
€4k▼
2023 · €5k
Staff costs
€19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €227 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €19k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €428 | €6k | €8k | €8k | €8k | ▼ 5.4% |
| Other operating charges640/8 | - | €2k | €1k | €876 | €1k | ▲ 27.1% |
| Gross operating margin9900 | €9k | €24k | €25k | €34k | €57k | ▲ 64.9% |
| Operating profit (loss)9901 | €8k | €16k | €16k | €25k | €29k | ▲ 15.6% |
| Financial income75/76B | - | €140 | €86 | €37 | €118 | ▲ 221% |
| Recurring financial income75 | €76 | €140 | €86 | €37 | €118 | ▲ 221% |
| Financial charges65/66B | - | €426 | €735 | €680 | €609 | ▼ 10.4% |
| Recurring financial charges65 | €50 | €426 | €735 | €680 | €609 | ▼ 10.4% |
| Profit (loss) for the period before taxes9903 | €8k | €16k | €15k | €25k | €29k | ▲ 16.6% |
| Income taxes67/77 | - | - | €2k | €5k | €4k | ▼ 17.3% |
| Profit (loss) for the period9904 | €8k | €16k | €13k | €20k | €25k | ▲ 24.7% |
| Profit (loss) for the period to be appropriated9905 | €8k | €16k | €13k | €20k | €25k | ▲ 24.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26k | €54k | €60k | €76k | €107k | ▲ 40.5% |
| Fixed assets21/28 | €428 | €20k | €23k | €16k | €10k | ▼ 38.1% |
| Tangible fixed assets22/27 | €428 | €20k | €23k | €16k | €10k | ▼ 38.1% |
| Plant, machinery and equipment23 | - | €2k | €10k | €7k | €6k | ▼ 23.7% |
| Furniture and vehicles24 | - | €18k | €14k | €9k | €5k | ▼ 50.0% |
| Current assets29/58 | €26k | €34k | €37k | €60k | €97k | ▲ 62.1% |
| Amounts receivable within one year40/41 | €2k | €7k | €19k | €7k | €17k | ▲ 128% |
| Trade receivables40 | - | - | €16k | - | €15k | - |
| Other amounts receivable41 | - | €7k | €3k | €7k | €2k | ▼ 68.4% |
| Cash at bank and in hand54/58 | €24k | €27k | €18k | €51k | €80k | ▲ 55.1% |
| Deferred charges and accrued income490/1 | - | - | - | €800 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26k | €54k | €60k | €76k | €107k | ▲ 40.5% |
| Equity10/15 | €14k | €30k | €43k | €63k | €88k | ▲ 39.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | €6k | €6k | €6k | = |
| Issued capital100 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €8k | €24k | €37k | €57k | €82k | ▲ 44.0% |
| Distributable reserves133 | - | €24k | €37k | €57k | €82k | ▲ 44.0% |
| Amounts payable17/49 | €13k | €24k | €17k | €13k | €19k | ▲ 43.7% |
| Amounts payable after more than one year17 | - | €16k | €13k | €9k | €6k | ▼ 38.9% |
| Financial debts170/4 | - | €16k | €13k | €9k | €6k | ▼ 38.9% |
| Amounts payable within one year42/48 | €13k | €8k | €4k | €4k | €14k | ▲ 233% |
| Current portion of amounts payable after more than one year42 | - | €3k | €3k | €3k | €4k | ▲ 3.8% |
| Trade debts44 | €679 | - | €199 | - | €2k | - |
| Suppliers440/4 | - | - | €199 | - | €2k | - |
| Taxes, remuneration and social security45 | - | €5k | €545 | €570 | €3k | ▲ 373% |
| Taxes450/3 | - | €442 | €545 | €570 | €624 | ▲ 9.4% |
| Remuneration and social security454/9 | - | €4k | - | - | €2k | - |
| Other amounts payable47/48 | - | - | - | - | €5k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €16k | €13k | €20k | €25k | ▲ 24.7% |
| + Depreciation and write-downs630 | €428 | €6k | €8k | €8k | €8k | ▼ 5.4% |
| Operating cash flow (approximation) | €8k | €22k | €21k | €28k | €33k | ▲ 16.1% |
| Investment in fixed assets (approximation) | - | €-25k | €-11k | €-1k | €-1k | ▲ 1.7% |
| Change in cash | - | €3k | €-9k | €34k | €28k | ▼ 15.8% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €25k ▲24.7%
Operating result €29k, net result €25k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 8.90
Current ratio from 4.26 to 8.90; short-term debt falls from €8k to €4k.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 4.26
Current ratio from 2.07 to 4.26; short-term debt falls from €13k to €8k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Truiden · 1 establishment unit since 2020
Ground area
431 m²
Building footprint
204 m²
Volume, LiDAR
850 m³
Parcel 71064C0803/00H000, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AYCO
since 20202.302.539.478
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71064C0803/00H000 | Flanders | 431 m² | 1 · 204 m² | 9.8 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.
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 7,181 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
Founded04-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
82990Other business support services
43990Other specialised construction activities
Contact
E-mail
Mesut.ahmed@hotmail.comSint-Truiden
Scores and ratios are computed by Checked and are not a credit decision.