Appareils Automatiques Amusement
ActiveSummary
Appareils Automatiques Amusement has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €745k and a net result of €50k. Equity is growing by ~28% per year across the filed fiscal years. Its solvency ranks better than 51% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▼-12
Solvency71▲+9
Growth73=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 8.37 against 3.01 in 2024; short-term debt: 7.9% and cash: 11.2% of total assets), but 53.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.2%
Return on assets
3.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 · 10 filingsDeviation from the deadline
2025
17 d early
2024
45 d early
2023
65 d late
2022
66 d late
2021
67 d early
2020
110 d early
2019
64 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€3.49M▼ 24.3%
2022 · €4.61M
2019: €2.36M
2020: €3.07M
2021: €1.40M
2022: €4.61M
2019 → 2023
EBIT margin
10.7%▼ 0.3pp
2022 · 11.1%
2019: -6.7%
2020: 1.5%
2021: -21.3%
2022: 11.1%
2019 → 2023
Net result
€50k▲ 197%
2024 · €17k
2019: €-194k
2020: €-2.01M
2021: €-318k
2022: €430k
2023: €355k
2024: €17k
2019 → 2025
Working capital
€933k▲ 10.8%
2024 · €842k
2019: €-1.79M
2020: €-108k
2021: €-359k
2022: €526k
2023: €891k
2024: €842k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.40M-€4.61M▲ 230%€3.49M▼ 24.3%
Equity€-461k-€318k€673k▲ 112%€695k▲ 3.2%€745k▲ 7.1%
Operating result€-298k-€510k€374k▼ 26.7%€43k▼ 88.5%€75k▲ 73.9%
Net result€-318k-€430k€355k▼ 17.4%€17k▼ 95.3%€50k▲ 197%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 74% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.61M
Fixed assets
€551k ▼ 9.5%
Current assets
€1.06M ▼ 15.9%
Equity and liabilities €1.61M
Equity
€745k ▲ 7.1%
Provisions
€131k ▼ 3.7%
Debt
€735k ▼ 29.2%
Debt's share of the balance-sheet total falls from 55.6% to 45.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€133k▼
2024 · €355k
Cash flow
€107k▼
2024 · €329k
Current ratio
8.37▲
2024 · 3.01
Debt to equity
0.99▼
2024 · 1.49
ROE
6.7%▲
2024 · 2.4%
ROA
3.1%▲
2024 · 0.9%
Interest coverage
4.29▼
2024 · 14.41
Debt ≤ 1 year
€127k▼
2024 · €418k
Debt > 1 year
€605k▼
2024 · €620k
Staff costs
€294k▼
2024 · €330k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.87M€1.61M▼
Fixed assets21/28€608k€551k▼
Tangible fixed assets22/27€576k€518k▼
Land and buildings22€470k€456k▼
Plant, machinery and equipment23€90k€54k▼
Furniture and vehicles24€15k€8k▼
Financial fixed assets28€32k€33k▲
Current assets29/58€1.26M€1.06M▼
Amounts receivable within one year40/41€909k€880k▼
Trade receivables40€412k€397k▼
Other amounts receivable41€496k€483k▼
Cash at bank and in hand54/58€108k€180k▲
Deferred charges and accrued income490/1€245k-
Equity and liabilities
Total equity and liabilities10/49€1.87M€1.61M▼
Equity10/15€695k€745k▲
Contributions10/11€413k€413k=
Capital10€413k€413k=
Issued capital100€413k€413k=
Revaluation surpluses12€1.46M€1.46M=
Reserves13€308k€298k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€263k€254k▼
Distributable reserves133€38k€38k=
Profit (loss) carried forward14€-1.49M€-1.43M▲
Provisions and deferred taxes16€136k€131k▼
Deferred taxes168€136k€131k▼
Amounts payable17/49€1.04M€735k▼
Amounts payable after more than one year17€620k€605k▼
Financial debts170/4€620k€605k▼
Amounts payable within one year42/48€418k€127k▼
Current portion of amounts payable after more than one year42€49k€29k▼
Trade debts44€48k€60k▲
Suppliers440/4€48k€60k▲
Taxes, remuneration and social security45€45k€38k▼
Taxes450/3€2k-
Remuneration and social security454/9€42k€38k▼
Other amounts payable47/48€277k-
Accrued charges and deferred income492/3-€4k
Income statement
Code20242025
Remuneration, social security and pensions62€330k€294k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€312k€58k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€135k
Other operating charges640/8€251k€254k▲
Non-recurring operating charges66A-€14k
Gross operating margin9900€937k€830k▼
Operating profit (loss)9901€43k€75k▲
Financial income75/76B€22k€779▼
Recurring financial income75€9k€629▼
Non-recurring financial income76B€13k€150▼
Financial charges65/66B€47k€31k▼
Recurring financial charges65€25k€31k▲
Non-recurring financial charges66B€23k-
Profit (loss) for the period before taxes9903€18k€45k▲
Transfer from deferred taxes780-€5k
Income taxes67/77€845-
Profit (loss) for the period9904€17k€50k▲
Transfer from tax-exempt reserves789€15k€10k▼
Profit (loss) for the period to be appropriated9905€32k€59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.49M€-1.43M▲
Profit (loss) brought forward from the previous period14P€-1.52M€-1.49M▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
20-03
State Gazette act
Appointment: Philippe Werdefroy (managing director)2 facts ▸
State Gazette act
Appointment: Philippe Werdefroy (managing director)
2 facts ▸
- Board meeting, 18/02/2026
- Director appointment, Philippe Werdefroy (managing director)
2025
31-12
Financial
Liquidity triplescurrent ratio 8.37
Current ratio from 3.01 to 8.37; short-term debt falls from €418k to €127k.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 65 days late
2023
31-12
Financial
Equity above €500kEq €673k ▲112%
2 profitable years in a row build equity to €673k.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 66 days late
2022
31-12
Financial
Back to profitnet €430k
Net result €430k after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.17
Current ratio from 0.65 to 2.17; short-term debt falls from €1.03M to €451k.
31-12
Financial
Equity above €200kEq €318k
Equity rises from €-461k to €318k.
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
30-06
Financial
Weakest financial yearnet €-2.01M
Net result drops to €-2.01M, the lowest in the series; recovery starts the following year.
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
08-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 36 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Philippe Werdefroy
CurrentManaging director · since 18-02-2026
18-02-2026
Appointed as Managing director
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 1 establishment unit since 1983
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
de Mérodestraat 441060 Sint-Gillis (bij-Brussel)Ground area
173 m²
Building footprint
178 m²
Volume, LiDAR
2,704 m³
Parcel 21562A0390/00L004, Brussels · tallest building 20.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
de Mérodestraat 44, 1060 Sint-Gillis (bij-Brussel)
since 19832.024.336.946
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0390/00L004 | Brussels | 173 m² | 1 · 178 m² | 20.3 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 977 companies in sector 46431 we hold annual accounts for 705. 497 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-12-1983
Fiscal year end31-12
Abbreviation FR
A.A.A.
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.