Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AHM ZEELAND from Zelzate, company number BE0836043493, closed financial year 2025 with a result of € 32,457 after tax. For that financial year AHM ZEELAND recorded revenue of € 2.3 million and equity of € 142,531. Compared with financial year 2024, the result moved from € -5,219 to € 32,457. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 142,531
▲ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 32,457
▲ still € 5,219 loss in 2024
Profit after tax over the fiscal year.
€ 40,062
▲ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 91,281.
People and assets in 2025
€ 33,041
▲ 6% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9,904
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 324,939
▼ 7% vs 2024
€ 28,250 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 55,081
▼ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34,173
▲ 82% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 1,216,354 | € 2,033,587 | € 2,341,049 | ▲ 15% |
| Gross margin | € 50,276 | € 52,248 | € 114,784 | € 125,473 | ▲ 9% |
| Profit after taxes | € 15,325 | € 14,066 | € -5,219 | € 32,457 | ▲ € 37,676 |
| Equity | € 56,177 | € 122,643 | € 110,074 | € 142,531 | ▲ 29% |
| Total debts | € 567,928 | € 442,981 | € 447,660 | € 414,193 | ▼ 7% |
| Cash | € 7,073 | € 9,847 | € 31,478 | € 40,062 | ▲ 27% |
| Land & buildings | € 512,475 | € 493,988 | € 475,502 | € 457,016 | ▼ 4% |
| Retained profit | € 49,977 | € 64,043 | € 58,824 | € 91,281 | ▲ 55% |
| Bank debt | € 401,870 | € 376,163 | € 350,748 | € 324,939 | ▼ 7% |
| Balance sheet total | € 624,105 | € 565,624 | € 557,734 | € 556,724 |
Key figures of AHM ZEELAND, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to AHM ZEELAND?
What happened at AHM ZEELAND in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 32,457. Source: NBB ↗
- Iqbal Mudsar became a director. NBB
- New establishment in Zelzate. KBO
- New establishment in Zelzate. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,325 profit in 2022 to € 32,457 profit in 2025.
Paid € 23,939 in corporate taxes since 2022.
Best year ever: 2025, with € 32,457 profit.
Management
Behind AHM ZEELAND is Iqbal Mudsar.
Directors
According to the 2025 annual accounts
Iqbal Mudsar
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Grote Markt 77
9060 Zelzate
Grote Markt 89
9060 Zelzate
Active since 1 April 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0836.043.493
- VAT number
- BE 0836.043.493
- Registered office
- Grote Markt 77, 9060 Zelzate
- Names & denominations
- AHM ZEELAND
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 May 2011
- Peppol
- Active · Active since 1 May 2025
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
Wederverkoop van telecommunicatie en bemiddelingsactiviteiten in verband met telecommunicatie
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Detailhandel in andere huishoudelijke artikelen, neg
Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet
Overige zakelijke dienstverlening, neg
Telecommunicatie via satelliet
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