ACTIVE

A.I.G.

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Financial year 2025 · closed on 31/12/2025

Net result

13,7 k €

+22.0% YoY

Gross margin

46,8 k €

+14.5% YoY

Equity

313,8 k €

+4.6% YoY

What does A.I.G. do?

A.I.G. is a Public limited company incorporated in 1992. Its registered office is in Eupen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.642.321

Incorporation

02/11/1992

Legal form

Public limited company

Registered office

Birkenweg 24
4700 Eupen · WallonieSee on map

Contributed capital

157 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	46,8 k €	+14.5%	40,9 k €	+15.8%	35,3 k €	-3.0%	36,4 k €	-12.5%	41,6 k €	+8.0%	38,5 k €	+22.9%	31,3 k €	-16.4%	37,5 k €	+7.4%	34,9 k €	-4.2%	36,4 k €	+5.3%	34,6 k €	-3.7%	35,9 k €	+7.7%	33,4 k €	+7.2%	31,1 k €	-13.5%	36 k €	-16.4%	43 k €	+1.9%	42,2 k €	-2.1%	43,1 k €	+12.3%	38,4 k €
EBITDA	37,6 k €	+17.3%	32 k €	+20.3%	26,6 k €	-3.8%	27,7 k €	-19.6%	34,4 k €	+9.3%	31,5 k €	+29.1%	24,4 k €	-20.5%	30,7 k €	+8.7%	28,2 k €	-5.6%	29,9 k €	+6.0%	28,2 k €	-4.6%	29,5 k €	+7.9%	27,4 k €	+8.0%	25,3 k €	-16.4%	30,3 k €	-18.8%	37,3 k €	+1.5%	36,8 k €	-2.7%	37,8 k €	+14.0%	33,2 k €
Operating result	25,5 k €	+19.2%	21,4 k €	+27.2%	16,8 k €	-21.3%	21,4 k €	-22.1%	27,4 k €	+19.5%	22,9 k €	+63.4%	14 k €	-30.1%	20,1 k €	+57.8%	12,7 k €	-21.7%	16,3 k €	+12.5%	14,5 k €	-8.5%	15,8 k €	+549%	-3,5 k €	+60.9%	-9 k €	-677%	-1,2 k €	-116%	7,3 k €	+4.4%	7 k €	-45.0%	12,7 k €	+41.1%	9 k €
Net result	13,7 k €	+22.0%	11,2 k €	+43.0%	7,8 k €	-26.3%	10,6 k €	-52.2%	22,2 k €	+76.8%	12,6 k €	+307%	3,1 k €	-72.3%	11,1 k €	+158%	4,3 k €	-49.0%	8,5 k €	+17.0%	7,3 k €	-19.0%	9 k €	+163%	-14,3 k €	+27.1%	-19,6 k €	-120%	-8,9 k €	-193%	9,6 k €	-2.0%	9,8 k €	-35.5%	15,1 k €	+47.0%	10,3 k €
Balance sheet
Equity	313,8 k €	+4.6%	300,1 k €	+3.9%	288,9 k €	+2.8%	281 k €	+3.9%	270,4 k €	+9.0%	248,2 k €	+5.3%	235,6 k €	+1.3%	232,5 k €	+5.0%	221,4 k €	+2.0%	217,1 k €	+4.1%	208,6 k €	+3.6%	201,3 k €	+20.7%	166,8 k €	-7.9%	181,1 k €	-9.8%	200,7 k €	-60.6%	509,6 k €	+1.9%	500,1 k €	+2.0%	490,3 k €	+3.2%	475,1 k €
Total assets	463,9 k €	+4.7%	443 k €	+4.6%	423,6 k €	+3.1%	410,7 k €	-3.9%	427,3 k €	+7.0%	399,4 k €	+5.4%	378,8 k €	+1.9%	371,7 k €	+5.7%	351,8 k €	+2.7%	342,4 k €	+4.7%	327 k €	+4.2%	313,9 k €	-5.0%	330,5 k €	-5.7%	350,7 k €	-2.8%	360,9 k €	-29.3%	510,6 k €	+0.1%	509,9 k €	+3.8%	491,2 k €	+1.7%	483,2 k €
Cash	36,5 k €	-18.0%	44,5 k €	+64.0%	27,2 k €	-85.5%	187,4 k €	-11.5%	211,7 k €	+11.7%	189,6 k €	+7.9%	175,7 k €	+10.2%	159,4 k €	+24.1%	128,5 k €	-3.1%	132,6 k €	+28.5%	103,2 k €	+34.8%	76,5 k €	+117%	35,3 k €	-17.1%	42,6 k €	-15.1%	50,2 k €	-73.0%	185,8 k €	+19.4%	155,6 k €	-1.9%	158,6 k €	+17.8%	134,6 k €
Debts	149,1 k €	+5.1%	141,9 k €	+6.2%	133,6 k €	+3.9%	128,6 k €	-17.1%	155 k €	+3.3%	150,1 k €	+5.7%	142,1 k €	+2.9%	138 k €	+6.8%	129,2 k €	+12.2%	115,1 k €	+5.1%	109,6 k €	+5.2%	104,1 k €	-31.4%	151,8 k €	-3.8%	157,8 k €	+5.1%	150,1 k €	+398936%	37,6 €	-99.6%	8,9 k €		–		8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 19 ended

Active mandates

Helmut Ahn

Managing director · since 25 avril 2022 · until 26 mai 2028

Active

Ingrid Ahn

Director · since 25 avril 2022 · until 26 mai 2028

Active

Yvonne Ahn

Director · since 25 avril 2022 · until 26 mai 2028

Active

Ended mandates

Helmut Ahn

Managing director · since 27 mai 2016 · until 28 mai 2022

Ended

Helmut AHN

Managing director · since 27 mai 2016 · until 28 mai 2021

Ended

Ingrid Ahn

Director · since 27 mai 2016 · until 28 mai 2022

Ended

Ingrid AHN

Director · since 27 mai 2016 · until 28 mai 2021

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/07/2026	30/05/2025	10/06/2024	12/06/2023	13/05/2022	16/04/2021
General meeting	30/06/2026	30/05/2025	31/05/2024	26/05/2023	25/04/2022	30/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	17/07/2026	German	PDF
Micro model	31/12/2024	30/05/2025	30/05/2025	German	PDF
Micro model	31/12/2023	31/05/2024	10/06/2024	German	PDF
Micro model	31/12/2022	26/05/2023	12/06/2023	German	PDF
Micro model	31/12/2021	25/04/2022	13/05/2022	French	PDF
Abridged model	31/12/2020	30/03/2021	16/04/2021	French	PDF
Abridged model	31/12/2019	29/05/2020	11/09/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	07/06/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	04/07/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	29/05/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	10/06/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	05/06/2015	French	PDF
Abridged model	31/12/2012	31/05/2013	07/06/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	06/06/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	02/07/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	31/05/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	04/06/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	17/06/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	08/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 19 ended

Active mandates

Helmut Ahn

Managing director · since 25 avril 2022 · until 26 mai 2028

Active

Ingrid Ahn

Director · since 25 avril 2022 · until 26 mai 2028

Active

Yvonne Ahn

Director · since 25 avril 2022 · until 26 mai 2028

Active

Ended mandates

Helmut Ahn

Managing director · since 27 mai 2016 · until 28 mai 2022

Ended

Helmut AHN

Managing director · since 27 mai 2016 · until 28 mai 2021

Ended

Ingrid Ahn

Director · since 27 mai 2016 · until 28 mai 2022

Ended

Ingrid AHN

Director · since 27 mai 2016 · until 28 mai 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other03/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates25/05/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates08/07/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares24/06/2010
CAPITAL, ACTIONS
PDF
Mandates10/06/2010
DEMISSIONS, NOMINATIONS
PDF
Capital / shares13/07/2005
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates17/06/2004
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202513,7 k €↑
2024
Annual accounts 202411,2 k €↑
2023
Annual accounts 20237,8 k €↓
2022
Annual accounts 202210,6 k €↓
2021
Annual accounts 202122,2 k €↑
2020
Annual accounts 202012,6 k €↑
2019
Annual accounts 20193,1 k €↓
2018
Annual accounts 201811,1 k €↑
2017
Annual accounts 20174,3 k €↓
2016
Annual accounts 20168,5 k €↑
2015
Annual accounts 20157,3 k €↓
2014
Annual accounts 20149 k €↑
2012
Annual accounts 2012-14,3 k €↑
2011
Annual accounts 2011-19,6 k €↓
2010
Annual accounts 2010-8,9 k €↓
2009
Annual accounts 20099,6 k €↓
2008
Annual accounts 20089,8 k €↓
2007
Annual accounts 200715,1 k €↑
2006
Annual accounts 200610,3 k €
02/11/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

A.I.G.

Overview

What does A.I.G. do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline