5AM
ActiveSummary
5AM has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-183k) and a net result of €-159k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.76 in 2024; cash: 13.2% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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 2025Age of the figures
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-183k
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
6 d early
2023
30 d early
2022
87 d early
2021
31 d early
2020
32 d early
2019
30 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-183k▼ 662%
2024 · €-24k
2018: €27k
2019: €10k▼ -63.4% vs 2018
2020: €19k▲ +92.4% vs 2019
2021: €28k▲ +46.1% vs 2020
2022: €74k▲ +165% vs 2021highest in 8 years
2023: €35k▼ -53.3% vs 2022
2024: €-24k▼ -170% vs 2023
2025: €-183k▼ -662% vs 2024lowest in 8 years
2018 → 2025
Total assets
€6k▼ 92.9%
2024 · €90k
2018: €54k
2019: €57k▲ +6.4% vs 2018
2020: €57k▲ +0.3% vs 2019
2021: €119k▲ +106% vs 2020
2022: €278k▲ +135% vs 2021highest in 8 years
2023: €171k▼ -38.6% vs 2022
2024: €90k▼ -47.5% vs 2023
2025: €6k▼ -92.9% vs 2024lowest in 8 years
2018 → 2025
Net result
€-159k▼ 172%
2024 · €-59k
2018: €14k
2019: €-17k▼ -220% vs 2018
2020: €9k▲ +153% vs 2019
2021: €9k▼ -4.0% vs 2020
2022: €46k▲ +423% vs 2021highest in 8 years
2023: €-39k▼ -186% vs 2022
2024: €-59k▼ -48.8% vs 2023
2025: €-159k▼ -172% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-184k▼ 588%
2024 · €-27k
2018: €13k
2019: €-6k▼ -146% vs 2018
2020: €18k▲ +399% vs 2019
2021: €10k▼ -41.1% vs 2020
2022: €84k▲ +700% vs 2021highest in 8 years
2023: €18k▼ -78.6% vs 2022
2024: €-27k▼ -249% vs 2023
2025: €-184k▼ -588% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€74k▲ 165%€35k▼ 53.3%€-24k€-183k▼ 662%
2021: €28k
2022: €74k▲ +165% vs 2021highest in 5 years
2023: €35k▼ -53.3% vs 2022
2024: €-24k▼ -170% vs 2023
2025: €-183k▼ -662% vs 2024lowest in 5 years
Operating result€10k-€71k▲ 631%€-36k€-53k▼ 47.1%€-158k▼ 196%
2021: €10k
2022: €71k▲ +631% vs 2021highest in 5 years
2023: €-36k▼ -151% vs 2022
2024: €-53k▼ -47.1% vs 2023
2025: €-158k▼ -196% vs 2024lowest in 5 years
Net result€9k-€46k▲ 423%€-39k€-59k▼ 48.8%€-159k▼ 172%
2021: €9k
2022: €46k▲ +423% vs 2021highest in 5 years
2023: €-39k▼ -186% vs 2022
2024: €-59k▼ -48.8% vs 2023
2025: €-159k▼ -172% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €158k in 2025 against €53k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6k
Fixed assets
€1k ▼ 50.2%
Current assets
€5k ▼ 94.2%
Key figures and ratios
EBITDA
€-157k▼
2024 · €-44k
Cash flow
€-158k▼
2024 · €-50k
Current ratio
0.03▼
2024 · 0.76
Debt to equity
-1.04▲
2024 · -4.74
Interest coverage
-189.01▼
2024 · -9.83
Debt
€189k▲
2024 · €114k
Debt ≤ 1 year
€189k▲
2024 · €114k
Income taxes
€200▼
2024 · €604
Staff costs
€183k▼
2024 · €184k
A ratio outside any meaningful range has been withheld (balance sheet total €6k, equity €-183k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€90k€6k▼
Fixed assets21/28€3k€1k▼
Intangible fixed assets21€1k€582▼
Tangible fixed assets22/27€2k€802▼
Plant, machinery and equipment23€75€0▼
Furniture and vehicles24€2k€802▼
Financial fixed assets28€0-
Current assets29/58€87k€5k▼
Amounts receivable within one year40/41€50k€4k▼
Trade receivables40€46k€878▼
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€27k€848▼
Deferred charges and accrued income490/1€10k€0▼
Equity and liabilities
Total equity and liabilities10/49€90k€6k▼
Equity10/15€-24k€-183k▼
Contributions10/11€19k€19k=
Reserves13€8k€8k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€-51k€-210k▼
Amounts payable17/49€114k€189k▲
Amounts payable within one year42/48€114k€189k▲
Current portion of amounts payable after more than one year42€0-
Financial debts43€15k€726▼
Other loans439€15k€726▼
Trade debts44€57k€172k▲
Suppliers440/4€57k€172k▲
Taxes, remuneration and social security45€25k€208▼
Taxes450/3€12k€208▼
Remuneration and social security454/9€13k€0▼
Other amounts payable47/48€16k€16k=
Income statement
Code20242025
Remuneration, social security and pensions62€184k€183k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€1k▼
Other operating charges640/8€631€9k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€140k€35k▼
Operating profit (loss)9901€-53k€-158k▼
Financial income75/76B€0€4▲
Recurring financial income75€0€4▲
Financial charges65/66B€5k€828▼
Recurring financial charges65€5k€828▼
Profit (loss) for the period before taxes9903€-58k€-159k▼
Income taxes67/77€604€200▼
Profit (loss) for the period9904€-59k€-159k▼
Profit (loss) for the period to be appropriated9905€-59k€-159k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-59k€-210k▼
Profit (loss) brought forward from the previous period14P-€-51k
Transfer from equity791/2€8k€0▼
Social balance
Average headcount (FTE)90873.11.3▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €115k | €212k | €268k | €184k | €183k | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €16k | €14k | €9k | €1k | ▼ 84.5% |
| Other operating charges640/8 | €590 | €578 | €608 | €631 | €9k | ▲ 1,351% |
| Non-recurring operating charges66A | - | €10k | €9k | €0 | - | - |
| Gross operating margin9900 | €136k | €310k | €254k | €140k | €35k | ▼ 74.9% |
| Operating profit (loss)9901 | €10k | €71k | €-36k | €-53k | €-158k | ▼ 196% |
| Financial income75/76B | €22 | €222 | €176 | €0 | €4 | ▲ 41,200% |
| Recurring financial income75 | €22 | €222 | €176 | €0 | €4 | ▲ 41,200% |
| Financial charges65/66B | €1k | €2k | €2k | €5k | €828 | ▼ 81.7% |
| Recurring financial charges65 | €1k | €2k | €2k | €5k | €828 | ▼ 81.7% |
| Profit (loss) for the period before taxes9903 | €9k | €70k | €-39k | €-58k | €-159k | ▼ 174% |
| Income taxes67/77 | €-66 | €24k | €725 | €604 | €200 | ▼ 66.9% |
| Profit (loss) for the period9904 | €9k | €46k | €-39k | €-59k | €-159k | ▼ 172% |
| Profit (loss) for the period to be appropriated9905 | €9k | €46k | €-39k | €-59k | €-159k | ▼ 172% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119k | €278k | €171k | €90k | €6k | ▼ 92.9% |
| Fixed assets21/28 | €44k | €29k | €17k | €3k | €1k | ▼ 50.2% |
| Intangible fixed assets21 | €35k | €21k | €9k | €1k | €582 | ▼ 51.6% |
| Tangible fixed assets22/27 | €4k | €4k | €3k | €2k | €802 | ▼ 49.1% |
| Plant, machinery and equipment23 | €1k | €734 | €232 | €75 | €0 | ▼ 100% |
| Furniture and vehicles24 | €3k | €3k | €3k | €2k | €802 | ▼ 46.5% |
| Financial fixed assets28 | €5k | €5k | €5k | €0 | - | - |
| Current assets29/58 | €75k | €249k | €155k | €87k | €5k | ▼ 94.2% |
| Amounts receivable within one year40/41 | €17k | €156k | €84k | €50k | €4k | ▼ 91.7% |
| Trade receivables40 | €17k | €156k | €84k | €46k | €878 | ▼ 98.1% |
| Other amounts receivable41 | €343 | €358 | €448 | €4k | €3k | ▼ 19.5% |
| Cash at bank and in hand54/58 | €47k | €85k | €56k | €27k | €848 | ▼ 96.9% |
| Deferred charges and accrued income490/1 | €11k | €8k | €14k | €10k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119k | €278k | €171k | €90k | €6k | ▼ 92.9% |
| Equity10/15 | €28k | €74k | €35k | €-24k | €-183k | ▼ 662% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €14k | €55k | €16k | €8k | €8k | = |
| Non-distributable reserves130/1 | €550 | €550 | €0 | - | - | - |
| Reserves not available under the articles1311 | €550 | €550 | €0 | - | - | - |
| Distributable reserves133 | €14k | €55k | €16k | €8k | €8k | = |
| Profit (loss) carried forward14 | €-5k | €0 | - | €-51k | €-210k | ▼ 313% |
| Amounts payable17/49 | €91k | €205k | €137k | €114k | €189k | ▲ 66.4% |
| Amounts payable after more than one year17 | €27k | €13k | €0 | - | - | - |
| Financial debts170/4 | €27k | €13k | €0 | - | - | - |
| Amounts payable within one year42/48 | €64k | €165k | €137k | €114k | €189k | ▲ 66.4% |
| Current portion of amounts payable after more than one year42 | €13k | €13k | €13k | €0 | - | - |
| Financial debts43 | €9k | €10k | €24k | €15k | €726 | ▼ 95.3% |
| Other loans439 | €9k | €10k | €24k | €15k | €726 | ▼ 95.3% |
| Trade debts44 | €25k | €54k | €52k | €57k | €172k | ▲ 201% |
| Suppliers440/4 | €25k | €54k | €52k | €57k | €172k | ▲ 201% |
| Taxes, remuneration and social security45 | €16k | €88k | €48k | €25k | €208 | ▼ 99.2% |
| Taxes450/3 | €2k | €55k | €29k | €12k | €208 | ▼ 98.3% |
| Remuneration and social security454/9 | €13k | €33k | €18k | €13k | €0 | ▼ 100% |
| Other amounts payable47/48 | €0 | - | - | €16k | €16k | = |
| Accrued charges and deferred income492/3 | - | €26k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €46k | €-39k | €-59k | €-159k | ▼ 172% |
| + Depreciation and write-downs630 | €11k | €16k | €14k | €9k | €1k | ▼ 84.5% |
| Operating cash flow (approximation) | €20k | €62k | €-26k | €-50k | €-158k | ▼ 218% |
| Investment in fixed assets (approximation) | - | €-2k | €-1k | €5k | €0 | ▼ 100% |
| Change in cash | - | €38k | €-29k | €-29k | €-26k | ▲ 8.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-159k
Net result drops to €-159k, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €46k ▲423%
Operating result €71k, net result €46k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Brugge · 1 establishment unit since 2020
Ground area
2,688 m²
Building footprint
670 m²
Volume, LiDAR
9,459 m³
Parcel 31807I0539/00W002, Flanders · tallest building 24.4 m, ±8 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
1 establishment unit
Krakeleweg 39, 8000 Brugge
since 20202.310.572.167
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0539/00W002 | Flanders | 2,688 m² | 1 · 669 m² | 24.4 m · 8 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 765 EUR awarded · 765 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 765 EUR | 765 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 1,054 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
Founded11-09-2011
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
Scores and ratios are computed by Checked and are not a credit decision.