Turnover
The micro format states no turnover.
In July 2024, 6,920 companies had the same profile as A-Forge has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,920 companies, not a prediction for A-Forge. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| A-Forge Woluwe-Saint-Lambert | €134,553 | €11,186 | 31.9% | - |
| SYLMA MANAGEMENT Flémalle | €123,262 | €11,285 | 18.2% | - |
| Mig Concept Incourt | €138,060 | €11,226 | -58.5% | - |
| MERCOST.CONSTRUCT.BE Anderlecht | €137,946 | €15,706 | 84.1% | - |
| IMI GROUP Anderlecht | €115,896 | €14,993 | 73.6% | - |
| M.E.N. TRAVAUX Evere | €124,815 | €15,290 | 74.7% | - |
| Dorval Construct Ixelles | €186,006 | €16,717 | 71.8% | - |
These companies have the same main activity as A-Forge: other construction installation (NACE 43240). They are comparable in size and age: total assets between €116,000 and €186,000, founded between 2011 and 2015.
A-Forge files the micro format. That format states no turnover. The gross margin rose from €6,198 in 2014 to €11,186 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €64,000 and €270,000.
Higher than 34% of 37,240 companies in 2025.
Higher than 30% of 36,534 companies in 2025.
Higher than 24% of 36,769 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
134,553 | 117,296 | 57,648 | 89,151 | 54,956 | 25,800 | 45,545 | 67,609 | 55,176 | 78,406 | 69,595 | 43,065 | |
21/28 |
21,868 | 25,613 | 28,573 | 24,616 | 6,809 | 4,220 | 6,330 | 8,552 | 224 | 352 | 2,028 | 3,008 | |
22/27 |
21,218 | 24,963 | 27,923 | 23,966 | 6,159 | 4,220 | 6,330 | 8,552 | 224 | 352 | 2,028 | 3,008 | |
23 |
13,657 | 20,694 | 24,450 | 20,021 | 4,049 | - | - | 112 | 224 | 19 | 253 | 486 | |
24 |
7,140 | 4,269 | 3,473 | 3,945 | - | - | - | - | 0 | 333 | 1,775 | 2,522 | |
26 |
421 | - | - | - | 2,110 | 4,220 | 6,330 | 8,440 | - | - | - | - | |
28 |
650 | 650 | 650 | 650 | 650 | - | - | - | - | - | - | - | |
29/58 |
112,685 | 91,683 | 29,075 | 64,535 | 48,147 | 21,580 | 39,215 | 59,057 | 54,952 | 78,054 | 67,567 | 40,057 | |
3 |
- | - | - | - | - | - | - | - | - | 27,000 | - | - | |
30/36 |
- | - | - | - | - | - | - | - | - | 27,000 | - | - | |
40/41 |
49,271 | 14,394 | 4,882 | 45,774 | 23,667 | 20,464 | 38,641 | 52,060 | 40,947 | 47,054 | 49,527 | 38,770 | |
40 |
49,271 | 14,394 | 4,882 | 45,081 | 21,688 | 19,991 | 36,936 | 50,996 | 39,169 | 45,495 | 49,527 | 37,707 | |
41 |
- | - | - | 693 | 1,979 | 473 | 1,705 | 1,064 | 1,778 | 1,559 | - | 1,064 | |
54/58 |
60,803 | 75,075 | 22,136 | 16,291 | 23,917 | 800 | 412 | 6,828 | 13,829 | 3,814 | 17,933 | 1,082 | |
490/1 |
2,611 | 2,214 | 2,057 | 2,470 | 563 | 316 | 162 | 169 | 177 | 186 | 108 | 204 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
134,553 | 117,296 | 57,648 | 89,151 | 54,956 | 25,800 | 45,545 | 67,609 | 55,176 | 78,406 | 69,595 | 43,065 | |
10/15 |
42,924 | 43,087 | 20,678 | 33,610 | 24,866 | 3,946 | 9,201 | 27,172 | 22,239 | 21,498 | 21,744 | 9,664 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
36,000 | 36,000 | 14,000 | 27,000 | 18,000 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | - | - | 1,860 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | - | - | 1,860 | - | - | - | - | - | - | |
133 |
36,000 | 36,000 | 14,000 | 27,000 | 18,000 | - | - | - | - | - | - | - | |
14 |
724 | 887 | 478 | 410 | 666 | -4,114 | 1,141 | 19,112 | 14,179 | 13,438 | 13,684 | 1,604 | |
17/49 |
91,629 | 74,209 | 36,970 | 55,541 | 30,090 | 21,854 | 36,344 | 40,436 | 32,937 | 56,908 | 47,851 | 33,401 | |
42/48 |
91,618 | 74,197 | 36,970 | 55,514 | 30,090 | 21,700 | 36,344 | 40,436 | 32,937 | 56,756 | 47,851 | 33,401 | |
44 |
37,877 | 21,156 | 14,096 | 34,090 | 15,862 | 18,063 | 32,401 | 33,394 | 25,154 | 11,564 | 36,565 | 23,046 | |
440/4 |
37,877 | 21,156 | 14,096 | 34,090 | 15,862 | 18,063 | 32,401 | 33,394 | 25,154 | 11,564 | 36,565 | 23,046 | |
46 |
- | - | - | - | - | - | - | - | - | 27,995 | - | - | |
45 |
725 | 8,945 | 1,430 | 445 | - | - | 1,386 | 1,755 | 2,557 | 15,783 | 6,047 | 1,123 | |
450/3 |
725 | 8,945 | 1,430 | 445 | - | - | 1,386 | 1,755 | 357 | 6,783 | 6,047 | 1,123 | |
454/9 |
- | - | - | - | - | - | - | - | 2,200 | 9,000 | - | - | |
47/48 |
53,016 | 44,096 | 21,444 | 20,979 | 14,228 | 3,637 | 2,557 | 5,288 | 5,226 | 1,413 | 5,240 | 9,232 | |
492/3 |
11 | 12 | - | 27 | - | 154 | - | - | - | 152 | 0 | - | |
| Income statement | |||||||||||||
76A |
- | - | 11,805 | - | 3,633 | 6,050 | - | - | - | - | - | - | |
9900 |
11,186 | 37,258 | 12,550 | 14,798 | 25,704 | -918 | 4,449 | 9,403 | 2,136 | 1,942 | 18,271 | 6,198 | |
630 |
9,965 | 10,217 | 8,749 | 4,469 | 2,136 | 2,110 | 2,222 | 2,222 | 464 | 1,675 | 1,675 | 1,323 | |
631/4 |
- | - | 14,970 | - | - | 754 | 18,907 | - | - | - | - | - | |
640/8 |
647 | 632 | 741 | 669 | 2,504 | - | 1,022 | 496 | 546 | 203 | 463 | 225 | |
9901 |
574 | 26,409 | -11,910 | 9,660 | 21,064 | -3,782 | -17,701 | 6,684 | 1,126 | 64 | 16,133 | 4,650 | |
75/76B |
3 | 248 | 45 | 7 | 7 | - | - | - | - | 1 | - | 3 | |
75 |
3 | 248 | 45 | 7 | 7 | - | - | - | - | 1 | - | 3 | |
65/66B |
449 | 518 | 458 | 478 | 151 | 1,473 | 322 | 353 | 28 | 311 | 70 | 65 | |
65 |
449 | 518 | 458 | 478 | 151 | 1,473 | 322 | 353 | 28 | 311 | 70 | 65 | |
9903 |
128 | 26,139 | -12,323 | 9,189 | 20,920 | -5,255 | -18,023 | 6,331 | 1,098 | -246 | 16,063 | 4,587 | |
67/77 |
291 | 3,730 | 609 | 445 | - | - | -52 | 1,398 | 357 | -0 | 3,983 | 1,123 | |
9904 |
-163 | 22,409 | -12,932 | 8,744 | 20,920 | -5,255 | -17,971 | 4,933 | 741 | -245 | 12,080 | 3,464 | |
9905 |
-163 | 22,409 | -12,932 | 8,744 | 20,920 | -5,255 | -17,971 | 4,933 | 741 | -245 | 12,080 | 3,464 | |
| Appropriation of the result | |||||||||||||
9906 |
724 | 22,887 | -12,522 | 9,410 | 16,806 | -4,114 | 1,141 | 19,112 | 14,179 | 13,438 | 13,684 | 3,464 | |
14P |
887 | 478 | 410 | 666 | -4,114 | - | - | - | - | - | - | - | |
791/2 |
- | - | 13,000 | - | - | - | - | - | - | - | - | - | |
691/2 |
- | 22,000 | - | 9,000 | 16,140 | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | 22,000 | - | 9,000 | 16,140 | - | - | - | - | - | - | - | |
| Document | |||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 17-09-2026.
2025 annual accounts filed 48 days after the deadline. Filed on 17 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00516794.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 17-09-2026 | 2026-00516794 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00426916 | |
| 31-12-2023 | micro format | 08-09-2024 | 2024-00456092 | |
| 31-12-2022 | micro format | 22-08-2023 | 2023-00344537 | |
| 31-12-2021 | micro format | 07-09-2022 | 2022-20420035 | |
| 31-12-2020 | micro format | 19-05-2021 | 2021-14600414 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-74600383 | |
| 31-12-2018 | micro format | 29-07-2019 | 2019-41800513 | |
| 31-12-2017 | micro format | 30-07-2018 | 2018-39200331 | |
| 31-12-2016 | micro format | 29-06-2017 | 2017-22800011 | |
| 31-12-2015 | full format | 25-07-2016 | 2016-35100442 | |
| 31-12-2014 | full format | 30-04-2015 | 2015-10800242 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10,539 | 36,626 | -3,161 | 14,129 | 23,200 | -1,672 | -15,480 | 8,906 | 1,590 | 1,739 | 17,808 | 5,973 | ||
| 9,802 | 32,626 | -4,183 | 13,213 | 23,056 | -3,145 | -15,750 | 7,155 | 1,205 | 1,430 | 13,755 | 4,787 | ||
| 6,220 | 7,257 | 12,706 | 22,276 | 4,725 | 0 | 0 | 10,550 | 335 | 0 | 695 | 4,331 | ||
| -14,272 | 52,939 | 5,845 | -7,626 | 23,117 | 388 | -6,416 | -7,001 | 10,015 | -14,119 | 16,850 | - | ||
| 21,067 | 17,486 | -7,895 | 9,021 | 18,057 | -120 | 2,871 | 18,621 | 22,015 | 21,298 | 19,716 | 6,656 | ||
| 31.9% | 36.7% | 35.9% | 37.7% | 45.2% | 15.3% | 20.2% | 40.2% | 40.3% | 27.4% | 31.2% | 22.4% | ||
| 1.23 | 1.24 | 0.79 | 1.16 | 1.60 | 0.99 | 1.08 | 1.46 | 1.67 | 1.38 | 1.41 | 1.20 | ||
| 1.23 | 1.24 | 0.79 | 1.16 | 1.60 | 0.99 | 1.08 | 1.46 | 1.67 | 0.90 | 1.41 | 1.20 | ||
| 2.13 | 1.72 | 1.79 | 1.65 | 1.21 | 5.54 | 3.95 | 1.49 | 1.48 | 2.65 | 2.20 | 3.46 | ||
| -0.4% | 52.0% | -62.5% | 26.0% | 84.1% | -133.2% | -195.3% | 18.2% | 3.3% | -1.1% | 55.6% | 35.8% | ||
| -0.1% | 19.1% | -22.4% | 9.8% | 38.1% | -20.4% | -39.5% | 7.3% | 1.3% | -0.3% | 17.4% | 8.0% | ||
| 23.47 | 70.71 | -6.90 | 29.56 | over 100 | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,220 | €7,257 | €12,706 | €22,276 | €4,075 |
| Financial fixed assets | - | - | - | - | €650 |
| €9,965 | €10,217 | €8,749 | €4,469 | €2,136 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 98% lower than in 2024.
Debt's share of the balance-sheet total rises from 63.3% to 68.1%. Equity is lower and debt is higher.
A-Forge has no parent and no holdings in its annual accounts. A-Forge shares no director with another company.
| ECO BIEN ETRE
registered office since 06-07-2011 · founded in 2011 · negative equity (2025) |
total assets €38,358 (2025) 0837.628.949 |
| Sokołowski, Mariusz (sole trader)
establishment since 01-10-2017 |
founded in 2017 0682.642.943 |
| GALERIE ALPHA
registered office since 28-12-1990 |
founded in 1990 0442.403.241 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Georges Henrilaan 436 registered office 1200 Woluwe-Saint-Lambert | ||
| Georges Henrilaan 432 1200 Woluwe-Saint-Lambert 23510 Manufacture of other non-metallic mineral products | 27-01-2014 | 2.238.815.032 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21673D0158/00M020 | 358 m² | 1 · 263 m² | 14.4 m · 3 |
| 21673D0158/00S018 | 170 m² | 1 · 81 m² | 16.5 m · 5 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0544.768.925
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