Equity
€250,965 from €986,075 in 2009
Equity fell by 75% in 16 years.
A4F
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €946,547 (2007)
-€7,648▼ €3,225
lowest -€244,011 (2010)
-€34,558▼ €16,508
peak €986,075 (2009)
€250,965▼ 12.1%
€2.2m▲ 183%
Board8 names since 2019
4 directors and 3 others
Owners5 names in the annual accounts
Documentsfilings and deeds
23-06-202638 days before the deadline
2025abbreviated format
Gross margin from -€4,423 to -€7,648Loss of €34,558Registered office moved from Meerbeke to Erembodegem 18-061 director appointed, 1 resignation 03-02Equity from €285,523 to €250,965Debts from €773,187 to €2.2m
Key points
from the 2025 annual accountsLosses
-€214,294 in six years
Every financial year from 2020 to 2025 closed with a loss. 2022 was the heaviest.
Debts
€2.2m 90% of the balance sheet
Financial debts 6%Suppliers 0%Taxes and wages 4%Other 90%
Of this, €2.2m falls due within a year.
Turnover not published (abbreviated or micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,503 companies had the same profile as A4F has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 2,503 companies, not a prediction for A4F. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, since 20-12-2023
Director, , since 20-12-2024
Director,
Director,
Director,
- score equity €16,304 (2026) · annual accounts 2023
- equity €951,282 (2026) · annual accounts 2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0446981542
Registered office moved from Meerbeke to Erembodegem
New registered office: bedrijvencenter Aalst, Industrielaan 4(Aalst Zuid zone III, geel)te 9320 Erembodegem · Previous registered office: Neeр 101 9402 Meerbeke · Board meeting of 15-04-2025 · Gazette deed
1 director appointed, 1 resignation
Resignation: · Appointment: · Permanent representatives: and · Gazette deed
Registered office moved from Koksijde to Ninove
New registered office: Neep 101, 9402 Ninove · Previous registered office: Koninklijke Baan 328 bus A, 8670 Koksijde · General meeting of 04-04-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| A4F Aalst | €2.4m | -€7,648 | 10.3% | - |
| CONCEPT PLUS Antwerp | €2.8m | -€194,321 | 29.9% | - |
| MEMCO Saint-Josse-ten-Noode | €2.9m | €264 | 46.8% | 4.3 |
| BODSON - TROUPIN - SERVICE Liège | €2.0m | -€8,977 | 33.5% | - |
| PADEM Knokke-Heist | €3.2m | -€5,910 | 16.1% | - |
| BELORIENT Oudenaarde | €1.7m | -€4,761 | 82.7% | - |
| PAUL LAROCK Pronéservim Namur | €1.7m | -€5,615 | 22.1% | 0 |
These companies have the same main activity as A4F: development of non-residential building projects (NACE 68122). They are comparable in size and age: total assets between €1.7m and €3.2m, founded between 1987 and 1994.
Official details
Source: KBO- Status
- Active since 16-03-1992Normal situation
- Registered office
- 93 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- Development of non-residential building projectsNACE 68122and 1 other
- Establishment unit
- 2.058.898.6409320 Aalst, since 21-09-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2025
Annual accounts 2025
- €2.4m▲ 130%
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on A4F
A4F files the abbreviated format. That format states no turnover. The gross margin fell from €5,237 in 2006 to -€7,648 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about A4F
- What is the company number of A4F?
- The company number of A4F is 0446.981.542. The VAT number is the same number with BE in front: BE 0446.981.542.
- Where is A4F based?
- The registered office is at Industrielaan 4, 9320 Aalst.Company details
- What does A4F do?
- According to the KBO register, the main activity is development of non-residential building projects (NACE 68122).
- What is the legal form of A4F?
- A4F is a public limited company (NV).
- When was A4F founded?
- A4F was founded on 16-03-1992.
- Is A4F still active?
- Yes, A4F is an active enterprise in the KBO register.
- What is the turnover of A4F?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is A4F profitable?
- In financial year 2025, A4F made a loss of €34,558.
- Where can I find the annual accounts of A4F?
- A4F filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of A4F due?
- A4F must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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