A&F
ActiveThe computed 12-month bankruptcy probability of A&F is 1.7% (moderate). The 2024 annual accounts show equity of €311k and a net result of €91k. Equity is growing by ~41.2% per year across the filed fiscal years. Its solvency ranks better than 24% of 36378 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▼-2
Solvency48▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 2.33 against 1.54 in 2023; short-term debt: 42% and cash: 36% of total assets), but 77.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 36378 sector peers (2024).
NBB · sector comparisonPosition among 36378 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
35 d early
2022
31 d late
2021
78 d late
2020
89 d late
2019
39 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€91k▼ 7.8%
2023 · €99k
2018: €2k
2019: €9k
2020: €24k
2021: €3k
2022: €40k
2023: €99k
2018 → 2024
Working capital
€757k▲ 89.2%
2023 · €400k
2018: €98k
2019: €141k
2020: €137k
2021: €169k
2022: €229k
2023: €400k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€78k-€81k▲ 4.2%€121k▲ 48.7%€220k▲ 81.6%€311k▲ 41.4%
Operating result€45k-€9k▼ 80.1%€-29k€161k€109k▼ 32.1%
Net result€24k-€3k▼ 86.1%€40k▲ 1,095%€99k▲ 149%€91k▼ 7.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 32% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.35M
Fixed assets
€28k▼ 18.3%
Current assets
€1.33M▲ 15.9%
Equity and liabilities €1.35M
Equity
€311k▲ 41.4%
Debt
€1.04M▲ 8.9%
The debt ratio falls from 81.4% to 77.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€122k▼
2023 · €172k
Cash flow
€104k▼
2023 · €109k
Solvency
22.9%▲
2023 · 18.6%
Current ratio
2.33▲
2023 · 1.54
Quick ratio
2.33▲
2023 · 1.54
Debt / equity
3.36▼
2023 · 4.37
ROE
29.3%▼
2023 · 44.9%
ROA
6.7%▼
2023 · 8.4%
Interest coverage
124.33▲
2023 · 40.41
Debt
€1.04M▲
2023 · €959k
Debt ≤ 1 year
€569k▼
2023 · €744k
Income taxes
€19k▼
2023 · €58k
Staff costs
€5k▼
2023 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.18M€1.35M▲
Fixed assets21/28€34k€28k▼
Tangible fixed assets22/27€34k€28k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€34k€26k▼
Current assets29/58€1.14M€1.33M▲
Amounts receivable within one year40/41€893k€833k▼
Trade receivables40€304k€315k▲
Other amounts receivable41€588k€518k▼
Cash at bank and in hand54/58€252k€487k▲
Deferred charges and accrued income490/1-€6k
Equity and liabilities
Total equity and liabilities10/49€1.18M€1.35M▲
Equity10/15€220k€311k▲
Contributions10/11€14k€14k=
Reserves13€162k€162k=
Distributable reserves133€162k€162k=
Profit (loss) carried forward14€43k€134k▲
Amounts payable17/49€959k€1.04M▲
Amounts payable within one year42/48€744k€569k▼
Current portion of amounts payable after more than one year42€3k-
Trade debts44€647k€488k▼
Suppliers440/4€647k€488k▼
Taxes, remuneration and social security45€59k€71k▲
Taxes450/3€53k€71k▲
Remuneration and social security454/9€6k-
Other amounts payable47/48€35k€10k▼
Accrued charges and deferred income492/3€215k€475k▲
Income statement
Code20232024
Non-recurring operating income76A€791-
Remuneration, social security and pensions62€14k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€13k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€19k
Other operating charges640/8€5k€1k▼
Gross operating margin9900€191k€147k▼
Operating profit (loss)9901€161k€109k▼
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€4k€981▼
Recurring financial charges65€4k€981▼
Profit (loss) for the period before taxes9903€157k€110k▼
Income taxes67/77€58k€19k▼
Profit (loss) for the period9904€99k€91k▼
Profit (loss) for the period to be appropriated9905€99k€91k▼
Appropriation of the result
Profit (loss) to be appropriated9906€142k€134k▼
Profit (loss) brought forward from the previous period14P€43k€43k=
Transfer to equity691/2€99k-
To other reserves6921€99k-
Social balance
Average headcount (FTE)90871.0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €99k ▲149%
Operating result €161k, net result €99k, both a record.
31-12
Financial
Equity above €200kEq €220k ▲81.6%
6 profitable years in a row build equity to €220k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Equity above €100kEq €121k ▲48.7%
5 profitable years in a row build equity to €121k.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 78 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 39 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Elsene · 1 establishment unit since 2012
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.
Jaargetijdenlaan 901050 ElseneGround area
2,475 m²
Building footprint
990 m²
Volume, LiDAR
6,442 m³
2 parcels, Brussels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nieuwenbos 40, 1702 Dilbeek
since 20122.226.056.562
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0275/00N007 | Brussels | 1,700 m² | 1 · 855 m² | 11.4 m · 2 fl. |
| 23026B0039/00K013 | Flanders | 774 m² | 1 · 134 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Depauw Kevin
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ART-EL
BE 0676.905.986
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GEO & BUILD
BE 0718.906.491
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Atelier D. Leroy
BE 0729.790.089
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 7,510 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-05-2012
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43310Plastering work
43320Joinery installation
43341Painting of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.