AYEL
ActiveSummary
The computed 12-month bankruptcy probability of AYEL is 2.1% (moderate). The 2025 annual accounts show equity of €65,363 and a net result of -€12,464. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 84% of 18626 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability1▲+1
Solvency100▲+9
Growth32=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 4.01 against 2.86 in 2024; short-term debt: 24.3% and cash: 0.1% of total assets), and 24.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
+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
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 · 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 2025Solvency, return and age of the figures
Solvency
75.7%
Return on assets
-14.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€12,464
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
17 d early
2024
148 d late
2023
76 d late
2022
228 d late
2021
61 d late
2020
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 97 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 October (4 of the last 5 filed years within 94 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€12,464▲ 90.3%
2024 · -€128,550
Working capital
€63,163▼ 16.5%
2024 · €75,627
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€90,548▼ 0.3%€76,180▼ 15.9%€195,425▲ 157%-€121,382-€11,013▲ 90.9%
Net result€67,361above the sector's middle half▲ 1.4%€30,176above the sector's middle half▼ 55.2%€30,410above the sector's middle half▲ 0.8%-€128,550below the sector's middle half-€12,464below the sector's middle half▲ 90.3%
Equity€145,792above the sector's middle half▲ 85.9%€175,968above the sector's middle half▲ 20.7%€206,378above the sector's middle half▲ 17.3%€77,827within the sector's middle half▼ 62.3%€65,363within the sector's middle half▼ 16.0%
Total assets€187,138within the sector's middle half▲ 45.7%€249,537within the sector's middle half▲ 33.3%€387,028above the sector's middle half▲ 55.1%€118,453within the sector's middle half▼ 69.4%€86,364within the sector's middle half▼ 27.1%
Debt€41,346▼ 17.3%€73,569▲ 77.9%€180,650▲ 146%€40,626▼ 77.5%€21,000▼ 48.3%
Working capital€143,625above the sector's middle half▲ 91.7%€170,373above the sector's middle half▲ 18.6%€202,546above the sector's middle half▲ 18.9%€75,627within the sector's middle half▼ 62.7%€63,163within the sector's middle half▼ 16.5%
Solvency77.9%above the sector's middle half▲ 16.8pp70.5%above the sector's middle half▼ 7.4pp53.3%within the sector's middle half▼ 17.2pp65.7%above the sector's middle half▲ 12.4pp75.7%above the sector's middle half▲ 10.0pp
Current ratio4.47above the sector's middle half▲ 1.983.34above the sector's middle half▼ 1.142.12within the sector's middle half▼ 1.222.86above the sector's middle half▲ 0.744.01above the sector's middle half▲ 1.15
Return on assets (ROA)36.0%above the sector's middle half▼ 15.7pp12.1%above the sector's middle half▼ 23.9pp7.9%within the sector's middle half▼ 4.2pp-108.5%below the sector's middle half▼ 116.4pp-14.4%below the sector's middle half▲ 94.1pp
Staff (FTE)0.3
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,013 in 2025 against €121,382 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86,364
Fixed assets
€2,200 =
Current assets
€84,164 ▼ 27.6%
Equity and liabilities €86,364
Equity
€65,363 ▼ 16.0%
Debt
€21,000 ▼ 48.3%
Debt's share of the balance-sheet total falls from 34.3% to 24.3%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.32▼
2024 · 0.52
ROE
-19.1%▲
2024 · -165.2%
Debt ≤ 1 year
€21,000▼
2024 · €40,626
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
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 2.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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% 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 3,592 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €8,541 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,341 | €1,838 | €2,417 | €1,632 | - | - |
| Other operating charges640/8 | €1,535 | €6,826 | €10,038 | €60,156 | €3,013 | ▼ 95.0% |
| Non-recurring operating charges66A | €3,685 | - | - | - | - | - |
| Gross operating margin9900 | €97,109 | €93,385 | €207,880 | -€59,594 | -€8,000 | ▲ 86.6% |
| Operating profit (loss)9901 | €90,548 | €76,180 | €195,425 | -€121,382 | -€11,013 | ▲ 90.9% |
| Financial income75/76B | €8,319 | €2,597 | €3,559 | €8 | - | - |
| Recurring financial income75 | €8,319 | €2,597 | €3,559 | €8 | - | - |
| Financial charges65/66B | €11,650 | €30,712 | €147,866 | €7,177 | €1,451 | ▼ 79.8% |
| Recurring financial charges65 | €11,650 | €30,712 | €147,866 | €7,177 | €1,451 | ▼ 79.8% |
| Profit (loss) for the period before taxes9903 | €87,217 | €48,065 | €51,118 | -€128,550 | -€12,464 | ▲ 90.3% |
| Income taxes67/77 | €19,856 | €17,889 | €20,708 | - | - | - |
| Profit (loss) for the period9904 | €67,361 | €30,176 | €30,410 | -€128,550 | -€12,464 | ▲ 90.3% |
| Profit (loss) for the period to be appropriated9905 | €67,361 | €30,176 | €30,410 | -€128,550 | -€12,464 | ▲ 90.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €187,138 | €249,537 | €387,028 | €118,453 | €86,364 | ▼ 27.1% |
| Fixed assets21/28 | €2,167 | €6,249 | €3,832 | €2,200 | €2,200 | = |
| Tangible fixed assets22/27 | €2,167 | €4,049 | €1,632 | - | - | - |
| Furniture and vehicles24 | €2,167 | €4,049 | €1,632 | - | - | - |
| Financial fixed assets28 | - | €2,200 | €2,200 | €2,200 | €2,200 | = |
| Current assets29/58 | €184,971 | €243,288 | €383,196 | €116,253 | €84,164 | ▼ 27.6% |
| Amounts receivable after more than one year29 | - | €48,000 | €48,000 | €48,000 | €48,000 | = |
| Other amounts receivable291 | - | €48,000 | €48,000 | €48,000 | €48,000 | = |
| Amounts receivable within one year40/41 | €66,199 | €67,936 | €174,268 | €63,738 | €36,092 | ▼ 43.4% |
| Trade receivables40 | €14,467 | €19,363 | €101,751 | €2,520 | - | - |
| Other amounts receivable41 | €51,732 | €48,573 | €72,517 | €61,218 | €36,092 | ▼ 41.0% |
| Current investments50/53 | - | €33,160 | €51,377 | - | - | - |
| Cash at bank and in hand54/58 | €111,417 | €89,994 | €105,695 | €4,515 | €72 | ▼ 98.4% |
| Deferred charges and accrued income490/1 | €7,355 | €4,198 | €3,856 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €187,138 | €249,537 | €387,028 | €118,453 | €86,364 | ▼ 27.1% |
| Equity10/15 | €145,792 | €175,968 | €206,378 | €77,827 | €65,363 | ▼ 16.0% |
| Contributions10/11 | €12,000 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Reserves13 | - | €163,176 | €194,378 | €194,378 | €194,378 | = |
| Distributable reserves133 | - | €163,176 | €194,378 | €194,378 | €194,378 | = |
| Profit (loss) carried forward14 | €133,792 | €792 | - | -€128,550 | -€141,014 | ▼ 9.7% |
| Amounts payable17/49 | €41,346 | €73,569 | €180,650 | €40,626 | €21,000 | ▼ 48.3% |
| Amounts payable within one year42/48 | €41,346 | €72,915 | €180,650 | €40,626 | €21,000 | ▼ 48.3% |
| Financial debts43 | - | €26 | - | €6 | - | - |
| Credit institutions430/8 | - | €26 | - | €6 | - | - |
| Trade debts44 | €21,482 | €33,823 | €140,030 | €38,851 | €20,911 | ▼ 46.2% |
| Suppliers440/4 | €21,482 | €33,823 | €140,030 | €38,851 | €20,911 | ▼ 46.2% |
| Taxes, remuneration and social security45 | €19,864 | €39,066 | €40,620 | €1,769 | €89 | ▼ 95.0% |
| Taxes450/3 | €19,864 | €37,753 | €40,620 | €1,769 | €89 | ▼ 95.0% |
| Remuneration and social security454/9 | - | €1,313 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €654 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67,361 | €30,176 | €30,410 | -€128,550 | -€12,464 | ▲ 90.3% |
| + Depreciation and write-downs630 | €1,341 | €1,838 | €2,417 | €1,632 | - | - |
| Operating cash flow (approximation) | €68,702 | €32,014 | €32,827 | -€126,919 | -€12,464 | ▲ 90.2% |
| Investment in fixed assets (approximation) | - | -€5,920 | €0 | €0 | €0 | ▼ 100% |
| Change in cash | - | -€21,423 | €15,701 | -€101,180 | -€4,443 | ▲ 95.6% |
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
Next filing, fiscal year 2026, expected by
2026
24-09
State Gazette act
Resignation: MAFATIH Morad (director)Appointment: BELKEBIR Soufiane (director) · Director discharge · Share transfer5 facts ▸
State Gazette act
Resignation: MAFATIH Morad (director)
Appointment: BELKEBIR Soufiane (director) · Director discharge · Share transfer5 facts ▸
- General meeting, 12-09-2026
- Director resignation, MAFATIH Morad (director)
- Director discharge, MAFATIH Morad (director)
- Director appointment, BELKEBIR Soufiane (director)
- Share transfer, MAFATIH Morad → BELKEBIR Soufiane
19-08
State Gazette act
Resignation: El Filali Alexandre-Yassir (director)Appointment: MAFATIH Morad (director) · Share transfer4 facts ▸
State Gazette act
Resignation: El Filali Alexandre-Yassir (director)
Appointment: MAFATIH Morad (director) · Share transfer4 facts ▸
- Director resignation, El Filali Alexandre-Yassir (director)
- Director appointment, MAFATIH Morad (director)
- Share transfer, El Filali Alexandre-Yassir → MAFATIH Morad
- Other statement, Neant
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 148 days late
2024
31-12
Financial
Weakest financial yearnet -€128,550
Net result drops to -€128,550, the lowest in the series; recovery starts the following year.
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 76 days late
15-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 228 days late
2023
31-12
Financial
Equity above €200,000Eq €206,378 ▲17.3%
4 profitable years in a row build equity to €206,378.
2022
31-12
Financial
Equity above €150,000Eq €175,968 ▲20.7%
3 profitable years in a row build equity to €175,968.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Highest result since 2020net €67,361 ▲1.4%
Net result €67,361, the highest in the series.
31-12
Financial
Equity above €100,000Eq €145,792 ▲85.9%
2 profitable years in a row build equity to €145,792.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 87 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 director, last change in 2026
BELKEBIR Soufiane
CurrentDirector · since 12-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2020
Ground area
8,151 m²
Building footprint
211 m²
Volume, LiDAR
991 m³
2 parcels, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AYEL
since 20202.303.957.757
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25386B0122/00R004 | Wallonia | 7,285 m² | 1 · 26 m² | 6.0 m · 2 fl. |
| 25764O0180/00D000 | Wallonia | 866 m² | 1 · 184 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BELKEBIR Soufiane |
|
| MAFATIH Morad |
|
| El Filali Alexandre-Yassir |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
Share transfer
act of 24-09-2026 ↗
- MAFATIH Morad to BELKEBIR Soufiane 120 shares
Share transfer
act of 19-08-2026 ↗
- El Filali Alexandre-Yassir to MAFATIH Morad 120 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Similar companies · same sector, comparable size
ELM MANAGEMENT
BE 0801.623.440
Brussel · Eq €65,416
QOOZII
BE 0802.299.767
Boortmeerbeek · Eq €65,295
Hartensteler
BE 0739.914.218
Antwerpen · Eq €65,513
Collé Group
BE 0764.651.691
Antwerpen · Eq €65,111
AMANHA
BE 0735.406.290
Edegem · Eq €64,824
Of 12,955 companies in sector 47120 we hold annual accounts for 2,193. 1,532 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
Founded25-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.