Losses
The 2025 and 2026 financial years closed with a loss. 2025 was the heaviest.
The 2025 and 2026 financial years closed with a loss. 2025 was the heaviest.
Lower net result than 84% of companies in land transport. Sector median €9,993 · 124 companies.
The dashed line is the sector median: 1.8% across 9,102 companies (NACE 49, micro).
About 7 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 49, micro). It does better than 44% of them on solvency, 55% on liquidity, 32% on profitability and 24% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-03-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 6,908 companies had the same profile as AYDO GROUP has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AYDO GROUP itself: 0.7% 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 6,908 companies, not a prediction for AYDO GROUP. 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 ample, with a current ratio of 1.56 (1.17 in 2025), above the usual 1.5. Short-term debt is 23% and cash 7.1% of total assets. However, 68.2% of the assets are financed with debt and provisions.
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 7 accounts on average 88 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| AYDO GROUP Machelen (Brab.) | €56,910 | €13,531 | 31.8% | - |
| DIABOLETTA J.E.B. Charleroi | €59,239 | €14,221 | 83.2% | - |
| SLOTENMAKER JAN Lier | €54,849 | €13,673 | -14.5% | - |
| GROOT TRANS Schaerbeek | €50,318 | €15,633 | 10.3% | - |
| SEROKAN Machelen (Brab.) | €59,291 | €21,419 | 60.0% | - |
| Road Masters Kampenhout | €46,218 | €16,970 | -233.9% | - |
| TRANSLIN Zoutleeuw | €86,773 | €13,531 | 18.0% | - |
These companies have the same main activity as AYDO GROUP: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €46,200 and €86,800, founded between 2009 and 2014.
AYDO GROUP files the micro format. That format states no turnover. The gross margin rose from €10,754 in 2014 to €13,531 in 2026.
The balance sheet grew most in 2020 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €58,000 and €190,000.
Higher than 40% of 5,940 companies in 2025.
Higher than 45% of 5,694 companies in 2025.
Higher than 9% of 5,757 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
56,910 | 73,717 | 101,280 | 85,350 | 109,200 | 94,443 | 100,765 | 47,488 | 74,912 | 82,752 | 62,968 | 71,367 | 32,440 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | 335 | 670 | |
21/28 |
36,517 | 48,851 | 64,635 | 47,406 | 61,739 | 49,966 | 59,669 | 19,866 | 35,196 | 50,340 | 24,709 | 31,855 | 17,973 | |
22/27 |
21,639 | 33,973 | 49,757 | 32,728 | 47,061 | 35,288 | 44,991 | 5,188 | 20,518 | 35,662 | 10,709 | 17,520 | 8,303 | |
24 |
18,684 | 25,428 | 32,172 | - | - | - | - | 5,188 | 20,518 | 32,571 | 4,527 | 8,247 | 8,303 | |
25 |
2,956 | 8,545 | 17,585 | 32,728 | 47,061 | - | - | - | - | - | - | - | - | |
28 |
14,878 | 14,878 | 14,878 | 14,678 | 14,678 | 14,678 | 14,678 | 14,678 | 14,678 | 14,678 | 14,000 | 14,000 | 9,000 | |
29/58 |
20,392 | 24,866 | 36,645 | 37,944 | 47,461 | 44,477 | 41,096 | 27,622 | 39,716 | 32,412 | 38,259 | 39,512 | 14,467 | |
40/41 |
16,377 | 14,422 | 16,908 | 17,887 | 20,715 | 28,176 | 33,594 | 22,518 | 23,742 | 24,825 | 21,375 | 29,716 | 10,891 | |
40 |
15,589 | 12,536 | 14,921 | 17,481 | 20,715 | 21,925 | 33,470 | 16,843 | 23,664 | 24,740 | 19,125 | 27,197 | 10,891 | |
41 |
788 | 1,886 | 1,987 | 406 | - | 6,251 | 124 | 5,675 | 78 | 85 | 2,250 | 2,519 | - | |
54/58 |
4,015 | 10,443 | 19,737 | 20,057 | 26,746 | 16,300 | 4,087 | 5,104 | 15,974 | 7,587 | 14,419 | 2,658 | 3,576 | |
490/1 |
- | - | - | - | - | - | 3,415 | - | - | - | 2,465 | 7,138 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
56,910 | 73,717 | 101,280 | 85,350 | 109,200 | 94,443 | 100,765 | 47,488 | 74,912 | 82,752 | 62,968 | 71,367 | 32,440 | |
10/15 |
18,104 | 20,769 | 39,005 | 35,170 | 32,367 | 25,251 | 19,724 | 17,754 | 21,666 | 22,425 | 8,541 | 5,348 | 6,728 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 15,100 | 10,600 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | 3,500 | 8,000 | 12,400 | 12,400 | |
11 |
- | - | - | - | - | 18,600 | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | - | 18,600 | - | - | - | - | - | - | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
14 |
-2,356 | 309 | 18,545 | 14,710 | 11,907 | 4,791 | -736 | -2,706 | 1,206 | 5,465 | -2,059 | -852 | 528 | |
17/49 |
38,805 | 52,948 | 62,275 | 50,180 | 76,832 | 69,192 | 81,041 | 29,734 | 53,246 | 60,327 | 54,427 | 66,019 | 25,712 | |
17 |
25,722 | 31,690 | 41,584 | 24,226 | 39,829 | 36,050 | 46,634 | 16,956 | 21,554 | 27,899 | 17,648 | 20,636 | 9,000 | |
170/4 |
25,722 | 31,690 | 41,584 | 24,226 | 39,829 | 36,050 | 46,634 | 16,956 | 21,554 | 27,899 | 17,648 | 20,636 | 9,000 | |
42/48 |
13,084 | 21,258 | 20,691 | 25,954 | 37,004 | 33,142 | 34,407 | 12,778 | 31,692 | 32,428 | 36,779 | 45,383 | 16,712 | |
42 |
5,968 | 9,895 | 11,676 | 15,602 | 15,487 | 10,584 | 13,903 | 5,013 | 4,945 | 8,301 | 2,987 | 2,927 | - | |
44 |
1,116 | 3,463 | 1,428 | 3,465 | 4,681 | 13,989 | 14,991 | 121 | 18,558 | 9,645 | 23,652 | 27,447 | 9,903 | |
440/4 |
1,116 | 3,463 | 1,428 | 3,465 | 4,681 | 13,989 | - | 121 | 18,558 | 9,645 | 23,652 | 27,447 | 9,903 | |
441 |
- | - | - | - | - | - | 14,991 | - | - | - | - | - | - | |
45 |
6,000 | 6,000 | 7,587 | 6,887 | 15,870 | 8,568 | 4,563 | 6,306 | 7,650 | 14,482 | 9,048 | 13,917 | 6,809 | |
450/3 |
- | - | 1,587 | 1,887 | 5,960 | 2,376 | 4,141 | 3,941 | 4,832 | 3,962 | 3,664 | 2,412 | 187 | |
454/9 |
6,000 | 6,000 | 6,000 | 5,000 | 9,910 | 6,192 | 422 | 2,365 | 2,818 | 10,520 | 5,384 | 11,505 | 6,622 | |
47/48 |
- | 1,900 | - | - | 966 | - | 950 | 1,338 | 539 | - | 1,092 | 1,092 | - | |
| Income statement | ||||||||||||||
70 |
- | - | - | - | - | - | - | - | 185,259 | 191,864 | 106,559 | 168,583 | 62,796 | |
76A |
905 | - | 2,163 | 693 | 4,545 | 94 | - | - | 392 | 9 | - | - | 1 | |
9900 |
13,531 | 956 | 18,957 | 24,443 | 26,639 | 20,553 | 22,798 | 35,606 | 24,244 | 69,092 | 23,702 | 29,004 | 10,754 | |
60/61 |
- | - | - | - | - | - | - | - | 161,015 | 122,773 | 82,857 | 139,579 | 52,042 | |
62 |
- | - | - | - | - | - | 2,748 | 20,919 | 4,063 | 38,163 | 8,252 | 18,415 | 3,486 | |
630 |
12,334 | 15,784 | 10,589 | 14,333 | 11,377 | 9,703 | 13,117 | 15,330 | 20,515 | 16,040 | 10,382 | 9,625 | 4,486 | |
640/8 |
1,747 | 1,206 | 1,518 | 4,092 | 1,122 | 1,748 | 1,499 | 1,199 | 932 | 1,763 | 531 | 467 | 433 | |
66A |
- | - | - | 301 | 116 | 1,009 | 2,348 | 1,066 | 462 | 3,751 | 4,283 | 977 | 1,513 | |
9901 |
-549 | -16,034 | 6,850 | 5,717 | 14,023 | 8,093 | 3,086 | -2,908 | -1,266 | 13,126 | 4,537 | 497 | 2,349 | |
75/76B |
- | - | 101 | - | - | - | - | - | 392 | 9 | - | - | - | |
75 |
- | - | 101 | - | - | - | - | - | - | - | - | - | - | |
76B |
- | - | - | - | - | - | - | - | 392 | 9 | - | - | - | |
65/66B |
2,115 | 2,202 | 1,529 | 1,784 | 1,568 | 898 | 1,116 | 971 | 462 | 3,751 | 953 | 900 | 309 | |
65 |
2,115 | 2,202 | 1,529 | 1,784 | 1,568 | 898 | 1,116 | 971 | - | - | 953 | 900 | 309 | |
66B |
- | - | - | - | - | - | - | - | 462 | 3,751 | - | - | - | |
9903 |
-2,665 | -18,236 | 5,422 | 3,933 | 12,455 | 7,195 | 1,970 | -3,879 | -1,336 | 9,384 | -699 | -1,380 | 528 | |
67/77 |
- | - | 1,587 | 1,130 | 5,339 | 1,668 | - | 33 | 2,923 | - | 508 | - | - | |
9904 |
-2,665 | -18,236 | 3,835 | 2,803 | 7,116 | 5,528 | 1,970 | -3,912 | -4,259 | 9,384 | -1,207 | -1,380 | 528 | |
9905 |
-2,665 | -18,236 | 3,835 | 2,803 | 7,116 | 5,528 | 1,970 | -3,912 | -4,259 | 9,384 | -1,207 | -1,380 | 528 | |
| Appropriation of the result | ||||||||||||||
9906 |
-2,356 | 309 | 18,545 | 14,710 | 11,907 | 4,791 | -736 | -2,706 | 1,206 | 7,325 | -2,059 | -852 | 528 | |
14P |
309 | 18,545 | 14,710 | 11,907 | 4,791 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 1,860 | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | 1,860 | - | - | - | |
| Social balance sheet | ||||||||||||||
9087 |
- | - | - | - | - | 0 | - | - | - | - | - | - | - | |
Hours worked1013 |
- | - | - | - | - | 0 | - | - | - | - | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 6 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 2026 at the NBB, filed on 16-09-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 16-09-2026 | 2026-00514240 | |
| 31-03-2025 | micro format | 28-05-2025 | 2025-00109852 | |
| 31-03-2024 | micro format | 15-05-2024 | 2024-00089382 | |
| 31-03-2023 | micro format | 06-06-2023 | 2023-00109052 | |
| 31-03-2022 | micro format | 21-07-2022 | 2022-20209937 | |
| 31-03-2021 | abbreviated format | 26-10-2021 | 2021-73300584 | |
| 31-03-2020 | abbreviated format | 11-11-2020 | 2020-69900535 | |
| 31-03-2019 | abbreviated format | 30-10-2019 | 2019-72300404 | |
| 31-03-2018 | abbreviated format | 16-10-2018 | 2018-69400234 | |
| 31-03-2017 | abbreviated format | 19-10-2017 | 2017-67500013 | |
| 31-03-2016 | abbreviated format | 04-11-2016 | 2016-67500051 | |
| 31-03-2015 | abbreviated format | 06-10-2015 | 2015-64200489 | |
| 31-03-2014 | abbreviated format | 15-10-2014 | 2014-64900122 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11,784 | -250 | 17,439 | 20,050 | 25,400 | 17,796 | 16,203 | 12,422 | 19,249 | 29,166 | 14,919 | 10,122 | 6,835 | ||
| 9,669 | -2,452 | 14,424 | 17,136 | 18,493 | 15,230 | 15,087 | 11,418 | 16,256 | 25,424 | 9,175 | 8,245 | 5,014 | ||
| 0 | 0 | 33,919 | 3,425 | 3,521 | -0 | 52,920 | 0 | 5,371 | 41,671 | 3,571 | 23,842 | 21,789 | ||
| -6,428 | -9,294 | -320 | -6,689 | 10,446 | 12,213 | -1,017 | -10,870 | 8,387 | -6,832 | 11,761 | -918 | - | ||
| 7,309 | 3,608 | 15,955 | 11,991 | 10,457 | 11,335 | 6,689 | 14,844 | 8,024 | -16 | 1,480 | -5,871 | -2,245 | ||
| - | - | - | - | - | - | - | - | -0.7% | 6.8% | 4.3% | 0.3% | 3.7% | ||
| 31.8% | 28.2% | 38.5% | 41.2% | 29.6% | 26.7% | 19.6% | 37.4% | 28.9% | 27.1% | 13.6% | 7.5% | 20.7% | ||
| 1.56 | 1.17 | 1.77 | 1.46 | 1.28 | 1.34 | 1.19 | 2.16 | 1.25 | 1.00 | 1.04 | 0.87 | 0.87 | ||
| 2.14 | 2.55 | 1.60 | 1.43 | 2.37 | 2.74 | 4.11 | 1.67 | 2.46 | 2.69 | 6.37 | 12.34 | 3.82 | ||
| -14.7% | -87.8% | 9.8% | 8.0% | 22.0% | 21.9% | 10.0% | -22.0% | -19.7% | 41.8% | -14.1% | -25.8% | 7.8% | ||
| -4.7% | -24.7% | 3.8% | 3.3% | 6.5% | 5.9% | 2.0% | -8.2% | -5.7% | 11.3% | -1.9% | -1.9% | 1.6% | ||
| 5.57 | -0.11 | 11.40 | 11.24 | 16.20 | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | 47 days | 47 days | 66 days | 59 days | 63 days | ||
| - | - | - | - | - | - | - | - | 42 days | 29 days | 104 days | 72 days | 69 days |
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 | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €33,719 | €3,425 | €3,521 |
| Financial fixed assets | - | - | €200 | - | - |
| €12,334 | €15,784 | €10,589 | €14,333 | €11,377 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is a loss of €549, smaller than the loss of €16,034 in 2025.
Debt's share of the balance-sheet total falls from 71.8% to 68.2%. Equity and debt are lower.
AYDO GROUP has no parent and no holdings in its annual accounts. AYDOGAN SERKAN is the only director. AYDO GROUP shares no director with another company.
| THE BREEZERKING
registered office since 13-06-2017 · founded in 2017 · accounts filed late |
total assets €3.4m (2024) 0676.766.723 |
| RED APPLE GROUP
registered office since 07-08-2019 · founded in 2019 |
total assets €1.6m (2025) 0731.928.544 |
| F&C TECHNICS
registered office since 08-11-2022 · founded in 2022 |
total assets €1.3m (2025) 0793.391.308 |
| ERY & CO
registered office since 11-09-2018 · founded in 2018 |
total assets €738,323 (2025) 0703.908.907 |
| GROUP ZUREL
registered office since 01-04-2025 · founded in 2025 · negative equity (2025) |
total assets €587,547 (2025) 1019.162.568 |
| FLP STEEL
registered office since 09-02-2021 · founded in 2021 · accounts filed late |
total assets €580,999 (2024) 0763.433.946 |
| DMR COMPANY
registered office since 17-05-2019 · founded in 2019 · accounts filed late |
total assets €418,894 (2024) 0726.865.342 |
| 3N
registered office since 20-11-2013 · founded in 2013 · accounts filed late |
total assets €352,478 (2024) 0542.344.420 |
| SINANI
registered office since 26-05-2020 · founded in 2020 |
total assets €349,645 (2025) 0747.637.396 |
| HDS GROUP
registered office since 17-10-2013 · founded in 2013 |
total assets €314,141 (2025) 0540.933.465 |
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Oude Haachtsesteenweg 59 registered office 1831 Machelen (Brab.) | |||
| Van Dyckstraat 72 1030 Schaerbeek 5310003 Postal and courier activities | 02-05-2013 | 2.219.049.204 | Itinerant food vendors |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23015C0111/00W000 | Flanders | 649 m² | 1 · 329 m² | 13.2 m · 4 |
| 21906D0390/00C004 | Brussels | 126 m² | 1 · 73 m² | 13.6 m · 4 |
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