A.F.B.

Open bankruptcy

Private limited company (pre-2019)founded 2010KBO/BCE: BE 0823.483.973

A bankruptcy procedure is open for A.F.B. according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €61k and a net result of €-5k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 2 filings

Deviation from the deadline

2025

not confirmed

2024

28 d late

2023

23 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€61k▼ 7.6%

2023 · €66k

2023: €66k

2023 → 2024

Total assets

€169k▼ 12.1%

2023 · €192k

2023: €192k

2023 → 2024

Net result

€-5k

2023 · €18k

2023: €18k

2023 → 2024

Working capital

€59k▼ 4.9%

2023 · €62k

2023: €62k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€66k-€61k▼ 7.6%

Operating result€12k-€8k▼ 35.3%

Net result€18k-€-5k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 35% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €169k

99.0%

Fixed assets €2k▼ 53.5%

Current assets €167k▼ 11.3%

Equity and liabilities €169k

36.1%

63.9%

Equity €61k▼ 7.6%

Debt €108k▼ 14.4%

The debt ratio falls from 65.7% to 63.9%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€10k▼

2023 · €14k

Cash flow

€-3k▼

2023 · €21k

Solvency

36.1%▲

2023 · 34.3%

Current ratio

1.55▲

2023 · 1.49

Quick ratio

1.20▼

2023 · 1.23

Debt / equity

1.77▼

2023 · 1.91

ROE

-8.2%▼

2023 · 27.7%

ROA

-3.0%▼

2023 · 9.5%

Interest coverage

2.22▼

2023 · 7.39

Debt

€108k▼

2023 · €126k

Debt ≤ 1 year

€108k▼

2023 · €126k

Income taxes

€9k▲

2023 · €3k

Staff costs

€74k▼

2023 · €124k

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€192k€169k▼

Fixed assets21/28€4k€2k▼

Tangible fixed assets22/27€4k€2k▼

Plant, machinery and equipment23€4k€2k▼

Current assets29/58€189k€167k▼

Stocks and contracts in progress3€33k€37k▲

Stocks30/36€33k€37k▲

Amounts receivable within one year40/41€155k€128k▼

Trade receivables40€155k€117k▼

Other amounts receivable41-€12k

Current investments50/53€458-

Cash at bank and in hand54/58-€2k

Equity and liabilities

Total equity and liabilities10/49€192k€169k▼

Equity10/15€66k€61k▼

Contributions10/11€20k€20k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€44k€39k▼

Amounts payable17/49€126k€108k▼

Amounts payable within one year42/48€126k€108k▼

Financial debts43€9k€7k▼

Credit institutions430/8€9k€7k▼

Trade debts44€91k€70k▼

Suppliers440/4€91k€70k▼

Taxes, remuneration and social security45€26k€31k▲

Taxes450/3-€26k

Remuneration and social security454/9€26k€5k▼

Income statement Code20232024

Remuneration, social security and pensions62€124k€74k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-22k-

Non-recurring operating charges66A€38k-

Gross operating margin9900€155k€83k▼

Operating profit (loss)9901€12k€8k▼

Financial income75/76B€12k€938▼

Recurring financial income75€12k€938▼

Non-recurring financial income76B€12k€938▼

Financial charges65/66B€2k€4k▲

Recurring financial charges65€2k€4k▲

Non-recurring financial charges66B€2k€4k▲

Profit (loss) for the period before taxes9903€22k€4k▼

Income taxes67/77€3k€9k▲

Profit (loss) for the period9904€18k€-5k▼

Profit (loss) for the period to be appropriated9905€18k€-5k▼

Appropriation of the result

Profit (loss) to be appropriated9906€44k€39k▼

Profit (loss) brought forward from the previous period14P€26k€44k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Signals 1Filings 2

2026

18-06

Bankruptcy Opening

Ondernemingsrechtbank Leuven · A.F.B. BVBA HOUTSTRAAT 5, 3440 ZOUTLEEUW · event 11-06-2026

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

2024

23-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 23 days late

SignalNBB filing

Directors · office · real estate

Directors

no sitting director, no change since 2026

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

26-01-2026 Resigned as Director

Location & real-estate footprint

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.

Ground area

103 m²

Building footprint

123 m²

Volume, LiDAR

549 m³

Parcel 24036B0429/00X000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24036B0429/00X000	Flanders	102 m²	1 · 122 m²	7.7 m · 2 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.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	VIVIANE MISSOUL KONING ALBERTLAAN 186, 3010 KESSEL-LO	11-06-2026 → present
Curator	TOM VAN DER LINDEN KONING ALBERTLAAN 186, 3010 KESSEL-LO-	11-06-2026 → present