AAFAAQ
ActiveSummary
The computed 12-month bankruptcy probability of AAFAAQ is 2.8% (moderate). The 2024 annual accounts show negative equity (-€34,542) and a net result of -€14,150. Equity is shrinking by ~66.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 3542 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 4 accounts on average 65 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,035 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €49,413 | €69,081 | €115,016 | €68,355 | ▼ 40.6% |
| Goods, raw materials, services and sundry goods60/61 | €41,840 | €57,301 | €70,982 | €57,760 | ▼ 18.6% |
| Remuneration, social security and pensions62 | €8,108 | €9,618 | €47,962 | €22,677 | ▼ 52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,800 | €1,800 | €1,800 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1,800 | - | - | - | - |
| Other operating charges640/8 | €2,982 | €1,679 | €5,442 | €38 | ▼ 99.3% |
| Gross operating margin9900 | €12,367 | €11,779 | €44,401 | €10,595 | ▼ 76.1% |
| Operating profit (loss)9901 | -€522 | -€1,317 | -€10,804 | -€13,920 | ▼ 28.8% |
| Financial charges65/66B | €197 | €180 | €208 | €230 | ▲ 10.6% |
| Recurring financial charges65 | €197 | €180 | €208 | €230 | ▲ 10.6% |
| Profit (loss) for the period before taxes9903 | -€718 | -€1,497 | -€11,012 | -€14,150 | ▼ 28.5% |
| Profit (loss) for the period9904 | -€718 | -€1,497 | -€11,012 | -€14,150 | ▼ 28.5% |
| Profit (loss) for the period to be appropriated9905 | -€718 | -€1,497 | -€11,012 | -€14,150 | ▼ 28.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €8,168 | €5,509 | €3,509 | €1,180 | ▼ 66.4% |
| Fixed assets21/28 | €5,400 | €3,600 | €1,800 | - | - |
| Intangible fixed assets21 | €5,400 | €3,600 | €1,800 | - | - |
| Current assets29/58 | €2,768 | €1,909 | €1,709 | €1,180 | ▼ 30.9% |
| Amounts receivable within one year40/41 | - | - | €1,461 | - | - |
| Trade receivables40 | - | - | €1,461 | - | - |
| Cash at bank and in hand54/58 | €2,768 | €1,909 | €248 | €1,180 | ▲ 376% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €8,168 | €5,509 | €3,509 | €1,180 | ▼ 66.4% |
| Equity10/15 | -€7,882 | -€9,379 | -€20,392 | -€34,542 | ▼ 69.4% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€9,882 | -€11,379 | -€22,392 | -€36,542 | ▼ 63.2% |
| Amounts payable17/49 | €16,050 | €14,889 | €23,901 | €35,722 | ▲ 49.5% |
| Amounts payable within one year42/48 | €16,050 | €14,889 | €23,901 | €35,722 | ▲ 49.5% |
| Financial debts43 | - | - | €6 | - | - |
| Credit institutions430/8 | - | - | €6 | - | - |
| Trade debts44 | €1,056 | €1,055 | €401 | €1,188 | ▲ 196% |
| Suppliers440/4 | €1,056 | €1,055 | €401 | €1,188 | ▲ 196% |
| Taxes, remuneration and social security45 | €3,975 | €13,834 | €22,478 | €14,370 | ▼ 36.1% |
| Taxes450/3 | €946 | €3,568 | €8,582 | €3,833 | ▼ 55.3% |
| Remuneration and social security454/9 | €3,029 | €10,266 | €13,897 | €10,537 | ▼ 24.2% |
| Other amounts payable47/48 | €11,019 | - | €1,016 | €20,164 | ▲ 1,885% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€718 | -€1,497 | -€11,012 | -€14,150 | ▼ 28.5% |
| + Depreciation and write-downs630 | - | €1,800 | €1,800 | €1,800 | = |
| Operating cash flow (approximation) | -€718 | €303 | -€9,212 | -€12,350 | ▼ 34.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
| Change in cash | - | -€859 | -€1,661 | €932 | ▲ 156% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44032A0120/00H012 | Flanders | 568 m² | 1 · 28 m² | 15.0 m · 4 fl. |
Linked by address, not proof of ownership
Similar companies · same sector and region
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.