A.F.S. CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of A.F.S. CONSTRUCT is 2.7% (moderate). The 2023 annual accounts show equity of €70k and a net result of €32k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 57% of 33689 sector peers (fiscal year 2023). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2023
100
/ 100
Excellent▲ +9 vs 2022
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability100▲+29
Solvency96▲+4
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity ample (current ratio 2.92 against 3.35 in 2022), and 48.8% 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.
+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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
51.2%
Return on assets
23.7%
Age of the figures
32 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline15-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-12-2024, 151 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
151 d late
2022
404 d late
2020
26 d late
2019
56 d late
2018
51 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
€257k
EBIT margin
8.7%
Net result
€32k▲ 144%
2022 · €13k
2018: €17k
2019: €21k
2020: €18k
2022: €13k
2018 → 2023
Working capital
€85k▲ 28.2%
2022 · €66k
2018: €31k
2019: €60k
2020: €69k
2022: €66k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020222023Trend
Turnover€257k
Equity€32k-€53k▲ 66.8%€72k▲ 34.7%€52k▼ 26.8%€70k▲ 32.9%
Operating result€23k-€32k▲ 38.0%€27k▼ 16.1%€22k▼ 16.7%€33k▲ 46.4%
Net result€17k-€21k▲ 24.3%€18k▼ 13.3%€13k▼ 28.4%€32k▲ 144%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 46% above 2022 and is the highest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €136k
Fixed assets
€7k▼ 58.5%
Current assets
€129k▲ 36.9%
Equity and liabilities €136k
Equity
€70k▲ 32.9%
Debt
€66k▲ 13.8%
The debt ratio falls from 52.7% to 48.8%: equity grows faster than debt.
Key figures and ratios
EBITDA
€43k▲
2022 · €33k
Cash flow
€43k▲
2022 · €24k
Solvency
51.2%▲
2022 · 47.3%
Current ratio
2.92▼
2022 · 3.35
Quick ratio
2.92▼
2022 · 3.35
Debt / equity
0.95▼
2022 · 1.11
ROE
46.3%▲
2022 · 25.2%
ROA
23.7%▲
2022 · 11.9%
Interest coverage
112.14▲
2022 · 58.03
Debt
€66k▲
2022 · €58k
Debt ≤ 1 year
€44k▲
2022 · €28k
Income taxes
€50▼
2022 · €9k
Staff costs
€33k▲
2022 · €30k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€111k€136k▲
Fixed assets21/28€16k€7k▼
Tangible fixed assets22/27€16k€7k▼
Furniture and vehicles24€16k€7k▼
Current assets29/58€94k€129k▲
Amounts receivable within one year40/41€43k€43k▼
Trade receivables40€32k€25k▼
Other amounts receivable41€11k€18k▲
Cash at bank and in hand54/58€51k€86k▲
Equity and liabilities
Total equity and liabilities10/49€111k€136k▲
Equity10/15€52k€70k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€44k€62k▲
Amounts payable17/49€58k€66k▲
Amounts payable after more than one year17€8k-
Financial debts170/4€8k-
Amounts payable within one year42/48€28k€44k▲
Current portion of amounts payable after more than one year42€6k€8k▲
Trade debts44€19k€10k▼
Suppliers440/4€19k€10k▼
Taxes, remuneration and social security45€3k€15k▲
Taxes450/3€146€11k▲
Remuneration and social security454/9€3k€5k▲
Other amounts payable47/48-€11k
Accrued charges and deferred income492/3€22k€22k=
Income statement
Code20222023
Turnover70€257k-
Goods, raw materials, services and sundry goods60/61€193k-
Remuneration, social security and pensions62€30k€33k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€64k€78k▲
Operating profit (loss)9901€22k€33k▲
Financial charges65/66B€562€385▼
Recurring financial charges65€562€385▼
Profit (loss) for the period before taxes9903€22k€32k▲
Income taxes67/77€9k€50▼
Profit (loss) for the period9904€13k€32k▲
Profit (loss) for the period to be appropriated9905€13k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€44k€77k▲
Profit (loss) brought forward from the previous period14P€31k€44k▲
Profit to be distributed694/7-€15k
Return on contributions (dividend)694-€15k
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
2024
29-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 151 days late
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 404 days late
2023
31-12
Financial
Highest result since 2018net €32k ▲144%
Operating result €33k, net result €32k, both a record.
2022
31-12
Financial
Weakest financial yearnet €13k ▼28.4%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 51 days late
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Koekelberg · 1 establishment unit since 2017
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.
Jetsesteenweg 3801081 KoekelbergGround area
230 m²
Building footprint
524 m²
Volume, LiDAR
3,083 m³
Parcel 21492B0003/00S008, Brussels · tallest building 14.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
.
since 20172.263.740.963
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0003/00S008 | Brussels | 230 m² | 1 · 524 m² | 14.8 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.
Similar companies · same sector, comparable size
STB Service
BE 0667.919.531
Dendermonde · Eq €70k
ART Sani Elec
BE 0871.757.410
Sint-Jans-Molenbeek · Eq €70k
KOSTA CONSTRUCT
BE 0677.530.152
Grimbergen · Eq €70k
DM Piscine
BE 1000.630.125
Limbourg · Eq €70k
ELISEI
BE 0801.631.358
Sint-Pieters-Leeuw · Eq €70k
Of 15,430 companies in sector 43990 we hold annual accounts for 7,352. 6,164 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-04-2017
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
43120Site preparation
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.