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A-Forge

Active Private limited companyfounded 2014active for 12 yearsGeorges Henrilaan 436, 1200 Woluwe-Saint-LambertKBO/BCE: BE 0544.768.925

Overview

Lifetime

12 annual accounts with figures on one time axis
peak €37,258 (2024)
€11,186▼ 70.0%
lowest -€17,971 (2019)
-€163▼ €22,572
peak €43,087 (2024)
€42,924▼ 0.4%
€91,629▲ 23.5%
Board5 names since 2017
3 directors and 2 others
Documentsfilings and deeds
17-09-202648 days late
2025micro format
Gross margin from €37,258 to €11,186Loss of €163Debts from €74,209 to €91,629

Key points

from the 2025 annual accounts

Turnover

≈ €140,000 estimated

The micro format states no turnover.

Filings

12 annual accounts since 2014
AprilJune31 JulyOctober201520202025

Six of the last ten came late. The 2019 accounts came latest: 122 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 6,920 companies had the same profile as A-Forge has now. Each dot stands for 18 companies, two years later.

90.7%
were still trading
8.0%
stopped another way
1.1%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

Test of the method

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit verdict

Credit check for an amount and term of your choice

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.

Signals

Board and ownership

Director
Director
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0544768925
Registered office moved within Woluwe-Saint-Lambert New registered office: Avenue Georges Henri 436, 1200 Woluwe-Saint-Lambert · Previous registered office: Avenue Georges Henri 432, 1200 Woluwe-Saint-Lambert · Reappointments: (director) and (director) · General meeting of 08-12-2021 · Gazette deed
Resignation: (director) Appointment: (director) · General meeting of 15-03-2021 · Gazette deed
Registered office moved within Brussels New registered office: Avenue Georges-Henri 432, 1200 Bruxelles · Previous registered office: Avénue Georges Henri 436, 1200 Bruxelles · Resignation: (manager) · General meeting of 20-06-2018 · Gazette deed
All 23 events

Comparable companies

same main activity, similar in size and age
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.

Official details

Source: KBO
Status
Active since 27-01-2014Normal situation
Activity
Other construction installationNACE 43240and 1 other
Establishment unit
2.238.815.0321200 Woluwe-Saint-Lambert, since 27-01-2014
Financial year end
31 December
Peppol
Reachable since 23-12-2025
Company details

Annual accounts 2025

€11,186▼ 70.0%
€163
€42,924▼ 0.4%
€134,553▲ 14.7%
Filing
Filed on 17-09-2026
Financials

Insights on A-Forge

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.

Financials

Annual accounts 2025

micro format, filed on 17-09-2026, 48 days late
€11,186
▼ 70.0%
€574
▼ 97.8%
-€163
▼ €22,572
€21,067
▲ 20.5%
31.9%
▼ 4.8 percentage points
1.23
▼ 0.01

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.

Balance sheet

balance sheet total €134,553 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

31.9%

Higher than 34% of 37,240 companies in 2025.

1.23

Higher than 30% of 36,534 companies in 2025.

-0.1%

Higher than 24% of 36,769 companies in 2025.

A-Forge Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014
Balance sheet: assets
20/58 134,553117,29657,64889,15154,95625,80045,54567,60955,17678,40669,59543,065
21/28 21,86825,61328,57324,6166,8094,2206,3308,5522243522,0283,008
22/27 21,21824,96327,92323,9666,1594,2206,3308,5522243522,0283,008
23 13,65720,69424,45020,0214,049--11222419253486
24 7,1404,2693,4733,945----03331,7752,522
26 421---2,1104,2206,3308,440----
28 650650650650650-------
29/58 112,68591,68329,07564,53548,14721,58039,21559,05754,95278,05467,56740,057
3 ---------27,000--
30/36 ---------27,000--
40/41 49,27114,3944,88245,77423,66720,46438,64152,06040,94747,05449,52738,770
40 49,27114,3944,88245,08121,68819,99136,93650,99639,16945,49549,52737,707
41 ---6931,9794731,7051,0641,7781,559-1,064
54/58 60,80375,07522,13616,29123,9178004126,82813,8293,81417,9331,082
490/1 2,6112,2142,0572,470563316162169177186108204
Balance sheet: equity and liabilities
10/49 134,553117,29657,64889,15154,95625,80045,54567,60955,17678,40669,59543,065
10/15 42,92443,08720,67833,61024,8663,9469,20127,17222,23921,49821,7449,664
10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
100 -----18,60018,60018,60018,60018,60018,60018,600
101 -----12,40012,40012,40012,40012,40012,40012,400
13 36,00036,00014,00027,00018,0001,8601,8601,8601,8601,8601,8601,860
130/1 -----1,860------
130 ------1,8601,8601,8601,8601,8601,860
1311 -----1,860------
133 36,00036,00014,00027,00018,000-------
14 724887478410666-4,1141,14119,11214,17913,43813,6841,604
17/49 91,62974,20936,97055,54130,09021,85436,34440,43632,93756,90847,85133,401
42/48 91,61874,19736,97055,51430,09021,70036,34440,43632,93756,75647,85133,401
44 37,87721,15614,09634,09015,86218,06332,40133,39425,15411,56436,56523,046
440/4 37,87721,15614,09634,09015,86218,06332,40133,39425,15411,56436,56523,046
46 ---------27,995--
45 7258,9451,430445--1,3861,7552,55715,7836,0471,123
450/3 7258,9451,430445--1,3861,7553576,7836,0471,123
454/9 --------2,2009,000--
47/48 53,01644,09621,44420,97914,2283,6372,5575,2885,2261,4135,2409,232
492/3 1112-27-154---1520-
Income statement
76A --11,805-3,6336,050------
9900 11,18637,25812,55014,79825,704-9184,4499,4032,1361,94218,2716,198
630 9,96510,2178,7494,4692,1362,1102,2222,2224641,6751,6751,323
631/4 --14,970--75418,907-----
640/8 6476327416692,504-1,022496546203463225
9901 57426,409-11,9109,66021,064-3,782-17,7016,6841,1266416,1334,650
75/76B 32484577----1-3
75 32484577----1-3
65/66B 4495184584781511,473322353283117065
65 4495184584781511,473322353283117065
9903 12826,139-12,3239,18920,920-5,255-18,0236,3311,098-24616,0634,587
67/77 2913,730609445---521,398357-03,9831,123
9904 -16322,409-12,9328,74420,920-5,255-17,9714,933741-24512,0803,464
9905 -16322,409-12,9328,74420,920-5,255-17,9714,933741-24512,0803,464
Appropriation of the result
9906 72422,887-12,5229,41016,806-4,1141,14119,11214,17913,43813,6843,464
14P 887478410666-4,114-------
791/2 --13,000---------
691/2 -22,000-9,00016,140------1,860
6920 -----------1,860
6921 -22,000-9,00016,140-------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

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 PDF
31-12-2024 micro format 27-08-2025 2025-00426916 PDF
31-12-2023 micro format 08-09-2024 2024-00456092 PDF
31-12-2022 micro format 22-08-2023 2023-00344537 PDF
31-12-2021 micro format 07-09-2022 2022-20420035 PDF
31-12-2020 micro format 19-05-2021 2021-14600414 PDF
31-12-2019 micro format 30-11-2020 2020-74600383 PDF
31-12-2018 micro format 29-07-2019 2019-41800513 PDF
31-12-2017 micro format 30-07-2018 2018-39200331 PDF
31-12-2016 micro format 29-06-2017 2017-22800011 PDF
31-12-2015 full format 25-07-2016 2016-35100442 PDF
31-12-2014 full format 30-04-2015 2015-10800242 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014
10,53936,626-3,16114,12923,200-1,672-15,4808,9061,5901,73917,8085,973
9,80232,626-4,18313,21323,056-3,145-15,7507,1551,2051,43013,7554,787
6,2207,25712,70622,2764,7250010,55033506954,331
-14,27252,9395,845-7,62623,117388-6,416-7,00110,015-14,11916,850-
21,06717,486-7,8959,02118,057-1202,87118,62122,01521,29819,7166,656
31.9%36.7%35.9%37.7%45.2%15.3%20.2%40.2%40.3%27.4%31.2%22.4%
1.231.240.791.161.600.991.081.461.671.381.411.20
1.231.240.791.161.600.991.081.461.670.901.411.20
2.131.721.791.651.215.543.951.491.482.652.203.46
-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%
23.4770.71-6.9029.56over 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.

Investments

fixed assets acquired
Item20252024202320222021
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)

Insights on A-Forge

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.

Board & ownership

Board

3 directors, last change in 2021
Director
appointed by deed of 06-04-2021 term without a fixed end
Director (not named in the articles)
appointed by deed of 13-12-2021 term without a fixed end
Director
in office according to the deed of 13-12-2021 term without a fixed end

Office holders in the KBO →

Mandates through the years

5 names, the dashed line is today

Director

Director

Director (not named in the articles)

Manager

Manager
BoardEarliermandate already running before its first mention
Mandates as a list
    • Director, appointed by deed of 06-04-2021, still in office
    • Director, since before 13-12-2021
    • Director (not named in the articles), appointed by deed of 13-12-2021, still in office
    • Manager, appointed by deed of 23-04-2019, until 06-04-2021
    • Manager, until 31-12-2017

See the board, name and registered office on a given date →

Control

Capital

Contribution
€6,200
Source
2025 annual accounts

Articles of association

deed of 13-12-2021 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Unanimité, toute cession ou transmission d’actions à des tiers, volontaire ou forcée, entre vifs ou pour cause de mort, à titre onéreux ou à…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of May at 18:00

Network & group

No group

A-Forge has no parent and no holdings in its annual accounts. A-Forge shares no director with another company.

At the same address

Georges Henrilaan 436, 1200 Woluwe-Saint-Lambert · 3 other companies
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

Timeline

Timeline

23 events since 2014

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 48 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0544768925
Annual accounts 2024 filed PDFmicro format · 27 days late
2024
Back to profit net €22,409 The net result is €22,409, after one loss-making year.
Annual accounts 2023 filed PDFmicro format · 39 days late
2023
Annual accounts 2022 filed PDFmicro format · 22 days late
2022
Annual accounts 2021 filed PDFmicro format · 38 days late
2021
Back to profit net €20,920 The net result is €20,920, after 2 loss-making years.
Registered office moved within Woluwe-Saint-LambertNew registered office: Avenue Georges Henri 436, 1200 Woluwe-Saint-Lambert · Previous registered office: Avenue Georges Henri 432, 1200 Woluwe-Saint-Lambert · Reappointments: (director) and (director) · General meeting of 08-12-20219 points ▸
  • Board rule, 3
  • Director reappointment,
  • Director reappointment,
  • Director appointment, (director (not named in the articles))
  • Registered office clause, Avenue Georges Henri 436, 1200 Woluwe-Saint-Lambert
  • Power of attorney,
  • General meeting, 08-12-2021
  • Registered-office move, Avenue Georges Henri 436, 1200 Woluwe-Saint-Lambert
  • 100 shares
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFmicro format · 73 days before the deadline
Resignation: (director)Appointment: (director) · General meeting of 15-03-20213 points ▸
  • General meeting, 15-03-2021
  • Director resignation,
  • Director appointment,

Open the deed in the Belgian Official Gazette

2020
Annual accounts 2019 filed PDFmicro format · 122 days late
2019
Weakest financial year net -€17,971 The net result drops to -€17,971, the lowest from 2014 to 2025. It recovers the following year.
Annual accounts 2018 filed PDFmicro format · 2 days before the deadline
Registered office moved within BrusselsNew registered office: Avenue Georges-Henri 432, 1200 Bruxelles · Previous registered office: Avénue Georges Henri 436, 1200 Bruxelles · Resignation: (manager) · General meeting of 20-06-20184 points ▸
  • General meeting, 20-06-2018
  • Registered-office move, Avenue Georges-Henri 432, 1200 Bruxelles
  • Director resignation, (manager)
  • Director appointment, (manager)

Open the deed in the Belgian Official Gazette

2018
Annual accounts 2017 filed PDFmicro format · 1 day before the deadline
2017
Back to profit net €741 The net result is €741, after one loss-making year.
Annual accounts 2016 filed PDFmicro format · 32 days before the deadline
2016
Registered office moved within BrusselsNew registered office: Avenue Georges-Henri 436, 1200 Bruxelles · Previous registered office: Avenue Georges-Henri 426, 1200 Bruxelles · General meeting of 03-03-20162 points ▸
  • General meeting, 03-03-2016
  • Registered-office move, Avenue Georges-Henri 436, 1200 Bruxelles

Open the deed in the Belgian Official Gazette

Annual accounts 2015 filed PDFfull format · 6 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 92 days before the deadline
2014
Incorporation PDFpublished on 29-01-2014
First establishment Georges Henrilaan 432, Woluwe-Saint-Lambert

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 27 January 2014, A-Forge was incorporated.1 The registered office moved to Brussels in 2016 and to Woluwe-Saint-Lambert in 2021.23 Today the board has 3 members.3 Total assets went from €67,609 in 2018 to €134,553 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 14-09-2016
  3. 3Belgian Official Gazette, 13-12-2021
  4. 4National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0544.768.925
VAT number
BE 0544.768.925
Peppol ID
0208:0544768925
Other Peppol ID
9925:BE0544768925
Legal form
Private limited company
Status
Active, normal situation
Founded
27-01-2014
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of May at 18:00
deed of 13-12-2021 (in French)
Peppol
Reachable since 23-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
A-Forge in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 13-12-2021 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 13-12-2021 (in French)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
43299 Specialised construction activities main activity
43390 Specialised construction activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Toutes activités, opérations ou tous travaux relatifs à la construction, la rénovation, la transformation, l’entretien, la décoration, la…”
8 activities
  1. Toutes activités, opérations ou tous travaux relatifs à la construction, la rénovation, la transformation, l’entretien, la décoration, la démolition ou toutes opérations généralement quelconques, telles que étude, devis, évaluation, conception, réalisation et cætera, se rapportant à tous biens immobiliers au sens le plus large, soit en tant qu’entreprise générale, soit en sous-traitance. Notamment : les travaux hydrauliques, travaux de terrassement, travaux de drainage, aménagement et entretien de terrains divers, travaux de gros œuvres, travaux de rejointoiement,
  2. Couvertures de constructions et travaux hydrofuges, isolation thermique et acoustique, revêtements de murs et de sols, travaux de plafonnage, travaux de restauration, travaux de pierres de taille et de marbrerie, charpenterie, menuiserie et menuiserie métallique, travaux de vitrerie, peinture et tapissage, constructions métalliques et ouvrages d'art métalliques, tuyauteries industrielles et canalisations, chauffage central, installations sanitaires, plomberie zinguerie, installations électrotechniques, et cætera, sans que cette énumération soit limitative;
  3. Les études et le conseil en matière d'aménagement urbain et d'architecture paysagère;
  4. L'expertise au sens large, évaluation, estimation et promotion immobilière;
  5. L’achat, la vente, l’import, l’export, la location, l’échange, le placement, l’installation, la réparation, de tous matériaux, machines et matériels de constructions. Notamment de tout châssis, portes, portes blindée et coffres-forts,...
  6. L’achat, la vente, l’import, l’export, la location, l’échange, le placement, l’installation, la réparation de tous appareils hi-fi, électroniques, informatiques, et cætera;
  7. L’achat, la vente, l’import, l’export, la location, l’échange, le placement, l’installation, la réparation de tout matériel et mobilier que ce soit à usage commerciale, privée ou professionnel;
  8. L'achat, la vente, la rénovation, la transformation, la location de tous biens immeubles.
deed of 13-12-2021 (in French)

Registered office and establishments

1 establishment
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

Buildings and parcels at the addresses

Ground area
528 m²
Buildings
344 m²
Volume, LiDAR
3,198 m³
Tallest building
16.5 m
Buildings to scale, each on its own parcel
263 m², 14.4 m 81 m², 16.5 m 263 m², 14.4 m 81 m², 16.5 m

Location

registered office establishment The establishment unit on the map
4 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21673D0158/00M020358 m² 1 · 263 m² 14.4 m · 3
21673D0158/00S018170 m² 1 · 81 m² 16.5 m · 5

Invoicing and payment

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