Skip to content

Advanced Fire Technologies

Active
Public limited companyfounded 199333 yrs activeLouizalaan 480, 1050 Brussel, BelgiumKBO/BCE: BE 0450.124.243
Summary

The annual accounts of Advanced Fire Technologies for fiscal year 2025 show a net loss of 58% of total assets and of 77% of the equity at the start of that year. The 2025 annual accounts show equity of €3.6m and a net result of -€7.4m. Equity is shrinking by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 41% of 4577 sector peers (fiscal year 2025). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency53▼-47
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 6.04 against 7.81 in 2024; short-term debt: 9.1% and cash: 5.5% of total assets), but 72% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
22 d early
2024
32 d early
2023
12 d early
2022
269 d late
2021
19 d late
2020
1 d early
2019
83 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 43 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Advanced Fire Technologies was incorporated on 11 May 1993.1 The registered office was moved to Bruxelles in 2011.2 The name was changed to Advanced Fire Technologies in 2025.3 In 2025 the capital was increased 2 times, most recently to EUR 6.4 million.34 The board currently has 7 members; Philippe SELLE has served longest, since 2011.5 Total assets fell from EUR 30 million in 2018 to EUR 13 million in 2025.6

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 01-08-2011
  3. 3Belgian State Gazette, 14-03-2025
  4. 4Belgian State Gazette, 15-04-2025
  5. 5Belgian State Gazette, 10-06-2011
  6. 6National Bank, annual accounts 2018 and 2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema, statutory accounts

Turnover
€1.3m
EBIT margin
-638.4%
Net result
-€7.4m
2024 · €3.5m
Working capital
€5.9m▲ 7.3%
2024 · €5.5m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€1.3m
Operating result€1.0m▲ 5.2%€1.2m▲ 14.5%-€522,136€3.3m-€8.2m
Net result€1.7m▲ 9.1%-€21.7mbelow the sector's middle half-€1.5mbelow the sector's middle half▲ 93.0%€3.5mabove the sector's middle half-€7.4mbelow the sector's middle half
EBIT margin-638.4%
Equity€29.2m▲ 1.2%€7.6mabove the sector's middle half▼ 74.1%€6.0mabove the sector's middle half▼ 20.1%€9.6mabove the sector's middle half▲ 58.5%€3.6mwithin the sector's middle half▼ 62.7%
Total assets€38.4m▲ 23.2%€12.8mabove the sector's middle half▼ 66.5%€12.2mabove the sector's middle half▼ 4.9%€12.0mabove the sector's middle half▼ 1.9%€12.8mabove the sector's middle half▲ 6.3%
Debt€9.2m▲ 304%€5.3m▼ 42.4%€4.4m▼ 16.5%€2.4m▼ 45.5%€2.3m▼ 3.9%
Working capital€7.5m▼ 37.5%€3.3m▼ 56.2%€2.3m▼ 30.3%€5.5m▲ 140%€5.9m▲ 7.3%
Solvency76.1%▼ 16.6pp58.9%within the sector's middle half▼ 17.2pp49.5%within the sector's middle half▼ 9.4pp80.0%above the sector's middle half▲ 30.5pp28.0%within the sector's middle half▼ 51.9pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€30.0m-€20.0m-€10.0m€0Operating result 2021: €1.0m€1.0mNet result 2021: €1.7m€1.7mOperating result 2022: €1.2m€1.2mNet result 2022: -€21.7m-€21.7mOperating result 2023: -€522,136-€522,136Net result 2023: -€1.5m-€1.5mOperating result 2024: €3.3m€3.3mNet result 2024: €3.5m€3.5mOperating result 2025: -€8.2m-€8.2mNet result 2025: -€7.4m-€7.4m20212022202320242025-€10m-€5m€0€5mOperating result 2023: -€522,136-€522,000Net result 2023: -€1.5m-€1.5mOperating result 2024: €3.3m€3.3mNet result 2024: €3.5m€3.5mOperating result 2025: -€8.2m-€8.2mNet result 2025: -€7.4m-€7.4m202320242025
The operating result turns negative in 2025: a loss of €8.2m after €3.3m in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.8m
Fixed assets €5.7m =
Current assets €7.0m ▲ 12.1%
Equity and liabilities €12.8m
Equity €3.6m ▼ 62.7%
Provisions €6.9m
Debt €2.3m ▼ 3.9%
Debt's share of the balance-sheet total falls from 20.0% to 18.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€8.2m▼
2024 · €3.3m
Cash flow
-€7.3m▼
2024 · €3.6m
Current ratio
6.04▼
2024 · 7.81
Debt to equity
0.65▲
2024 · 0.25
ROE
-205.7%▼
2024 · 36.9%
ROA
-57.7%▼
2024 · 29.5%
Interest coverage
-11455.15▼
2024 · 150.82
Debt ≤ 1 year
€1.2m▲
2024 · €803,531
Debt > 1 year
€1.1m▼
2024 · €1.6m
Income taxes
€20,621▲
2024 · -€372,654
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,607 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 88% are still going.

  • 20 years or older
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
  • without size
3.8% went bankrupt
6.7% stopped otherwise
88% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,607 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 77 lines
Balance sheet Code20242025
Assets
Total assets20/58€12.0m€12.8m▲
Fixed assets21/28€5.7m€5.7m=
Intangible fixed assets21-€7,564
Tangible fixed assets22/27€864,858€853,785▼
Land and buildings22€863,347€849,367▼
Furniture and vehicles24€1,511€961▼
Other tangible fixed assets26-€3,457
Financial fixed assets28€4.9m€4.9m▲
Affiliated companies280/1€4.9m€4.9m▲
Participating interests280€4.9m€4.9m▲
Current assets29/58€6.3m€7.0m▲
Amounts receivable within one year40/41€1.8m€1.5m▼
Trade receivables40-€828,741
Other amounts receivable41€1.8m€625,000▼
Current investments50/53€3.0m€4.9m▲
Other investments51/53€3.0m€4.9m▲
Cash at bank and in hand54/58€1.4m€701,154▼
Deferred charges and accrued income490/1€62,865€26,119▼
Equity and liabilities
Total equity and liabilities10/49€12.0m€12.8m▲
Equity10/15€9.6m€3.6m▼
Contributions10/11€5.1m€6.4m▲
Capital10€5.1m€6.4m▲
Issued capital100€5.1m€6.4m▲
Reserves13€4.5m€511,747▼
Non-distributable reserves130/1€511,747€511,747=
Legal reserve130€510,900€510,900=
Reserves not available under the articles1311-€847
Other1319€847-
Distributable reserves133€4.0m-
Profit (loss) carried forward14--€3.4m
Provisions and deferred taxes16-€6.9m
Provisions for liabilities and charges160/5-€6.9m
Other liabilities and charges164/5-€6.9m
Amounts payable17/49€2.4m€2.3m▼
Amounts payable after more than one year17€1.6m€1.1m▼
Other amounts payable178/9€1.6m€1.1m▼
Amounts payable within one year42/48€803,531€1.2m▲
Trade debts44€136,179€261,749▲
Suppliers440/4€136,179€261,749▲
Taxes, remuneration and social security45-€22,425
Taxes450/3-€22,425
Other amounts payable47/48€667,352€880,000▲
Accrued charges and deferred income492/3€14,882€659▼
Income statement Code20242025
Operating income70/76A€4.2m€1.9m▼
Turnover70-€1.3m
Other operating income74€1.2m€595,761▼
Non-recurring operating income76A€3.0m-
Operating charges60/66A€893,960€10.1m▲
Services and other goods61€661,526€2.9m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26,888€15,932▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€6.9m
Other operating charges640/8€106,772€260,394▲
Non-recurring operating charges66A€98,774-
Operating profit (loss)9901€3.3m-€8.2m▼
Financial income75/76B€1.1m€953,399▼
Recurring financial income75€1.1m€783,084▼
Income from financial fixed assets750€1.0m€600,000▼
Income from current assets751-€183,084
Other financial income752/9€73,848-
Non-recurring financial income76B-€170,314
Financial charges65/66B€1.2m€110,038▼
Recurring financial charges65-€4.4m€110,038▲
Debt charges650€21,816€712▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€4.4m-€570,841▲
Other financial charges652/9€8,322€680,167▲
Non-recurring financial charges66B€5.6m-
Profit (loss) for the period before taxes9903€3.2m-€7.3m▼
Income taxes67/77-€372,654€20,621▲
Taxes670/3€75,000€20,621▼
Tax adjustments and reversals of tax provisions77€447,654-
Profit (loss) for the period9904€3.5m-€7.4m▼
Transfer from tax-exempt reserves789€267,000-
Profit (loss) for the period to be appropriated9905€3.8m-€7.4m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€19.4m-€7.4m▲
Profit (loss) brought forward from the previous period14P-€23.2m-
Transfer from equity791/2€19.4m€4.0m▼
From reserves792€19.4m€4.0m▼

The notes to these accounts (44 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€1.4m€1.4m€1.6m€4.2m€1.9m▼ 54.9%
Turnover70----€1.3m-
Other operating income74€1.4m€1.4m€1.5m€1.2m€595,761▼ 48.5%
Non-recurring operating income76A--€18,532€3.0m--
Operating charges60/66A€342,554€229,230€2.1m€893,960€10.1m▲ 1,025%
Goods for resale, raw materials and consumables60-€36,635€0---
Purchases600/8-€36,635€0---
Services and other goods61€226,573€68,576€193,601€661,526€2.9m▲ 340%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26,857€26,697€26,516€26,888€15,932▼ 40.7%
Provisions for liabilities and charges: additions (uses and reversals)635/8----€6.9m-
Other operating charges640/8€89,124€94,936€103,595€106,772€260,394▲ 144%
Non-recurring operating charges66A-€2,386€1.8m€98,774--
Operating profit (loss)9901€1.0m€1.2m-€522,136€3.3m-€8.2m▼ 351%
Financial income75/76B-€1.2m€992,771€1.1m€953,399▼ 11.2%
Recurring financial income75€985,574€1.2m€992,771€1.1m€783,084▼ 27.1%
Income from financial fixed assets750€784,387€838,870€450,000€1.0m€600,000▼ 40.0%
Income from current assets751€201,187€410,653€0-€183,084-
Other financial income752/9--€542,771€73,848--
Non-recurring financial income76B----€170,314-
Financial charges65/66B€14,846€23.9m€1.5m€1.2m€110,038▼ 90.6%
Recurring financial charges65€14,846€7.3m€1.5m-€4.4m€110,038▲ 103%
Debt charges650€13,036€149,037€81,051€21,816€712▼ 96.7%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€7.1m€1.4m-€4.4m-€570,841▲ 87.1%
Other financial charges652/9€1,810€27,250€16,845€8,322€680,167▲ 8,073%
Non-recurring financial charges66B-€16.6m€68,545€5.6m--
Profit (loss) for the period before taxes9903€2.0m-€21.5m-€1.1m€3.2m-€7.3m▼ 331%
Income taxes67/77€336,495€225,998€462,853-€372,654€20,621▲ 106%
Taxes670/3€336,495€377,679€462,853€75,000€20,621▼ 72.5%
Tax adjustments and reversals of tax provisions77-€151,681€0€447,654--
Profit (loss) for the period9904€1.7m-€21.7m-€1.5m€3.5m-€7.4m▼ 308%
Transfer from tax-exempt reserves789€242,458€609,905€267,000€267,000--
Profit (loss) for the period to be appropriated9905€1.9m-€21.1m-€1.3m€3.8m-€7.4m▼ 293%
Line20212022202320242025Change
Assets
Total assets20/58€38.4m€12.8m€12.2m€12.0m€12.8m▲ 6.3%
Fixed assets21/28€25.0m€5.8m€5.8m€5.7m€5.7m=
Intangible fixed assets21----€7,564-
Tangible fixed assets22/27€1.0m€971,270€944,754€864,858€853,785▼ 1.3%
Land and buildings22€1.0m€971,270€944,754€863,347€849,367▼ 1.6%
Furniture and vehicles24---€1,511€961▼ 36.4%
Other tangible fixed assets26----€3,457-
Financial fixed assets28€24.0m€4.9m€4.9m€4.9m€4.9m▲ 0.1%
Affiliated companies280/1€24.0m€4.9m€4.9m€4.9m€4.9m▲ 0.1%
Participating interests280€24.0m€4.9m€4.9m€4.9m€4.9m▲ 0.1%
Current assets29/58€13.4m€7.0m€6.4m€6.3m€7.0m▲ 12.1%
Stocks and contracts in progress3-€0€0---
Amounts receivable within one year40/41€11.0m€5.9m€5.2m€1.8m€1.5m▼ 21.2%
Trade receivables40€21,949€187,358€471,106-€828,741-
Other amounts receivable41€10.9m€5.7m€4.7m€1.8m€625,000▼ 66.1%
Current investments50/53€998,048€881,970€34€3.0m€4.9m▲ 61.7%
Other investments51/53€998,048€881,970€34€3.0m€4.9m▲ 61.7%
Cash at bank and in hand54/58€436,625€39,849€1.2m€1.4m€701,154▼ 48.7%
Deferred charges and accrued income490/1€1.0m€244,517€28,986€62,865€26,119▼ 58.5%
Equity and liabilities
Total equity and liabilities10/49€38.4m€12.8m€12.2m€12.0m€12.8m▲ 6.3%
Equity10/15€29.2m€7.6m€6.0m€9.6m€3.6m▼ 62.7%
Contributions10/11€5.1m€5.1m€5.1m€5.1m€6.4m▲ 26.2%
Capital10€5.1m€5.1m€5.1m€5.1m€6.4m▲ 26.2%
Issued capital100€5.1m€5.1m€5.1m€5.1m€6.4m▲ 26.2%
Reserves13€24.1m€24.1m€24.1m€4.5m€511,747▼ 88.6%
Non-distributable reserves130/1€510,900€510,900€510,900€511,747€511,747=
Legal reserve130€510,900€510,900€510,900€510,900€510,900=
Reserves not available under the articles1311----€847-
Other1319---€847--
Tax-exempt reserves132€1.1m€534,000€267,000---
Distributable reserves133€22.5m€23.1m€23.4m€4.0m--
Profit (loss) carried forward14--€21.7m-€23.2m--€3.4m-
Provisions and deferred taxes16--€1.8m-€6.9m-
Provisions for liabilities and charges160/5--€1.8m-€6.9m-
Other liabilities and charges164/5--€1.8m-€6.9m-
Amounts payable17/49€9.2m€5.3m€4.4m€2.4m€2.3m▼ 3.9%
Amounts payable after more than one year17€3.2m€1.5m€265,490€1.6m€1.1m▼ 27.7%
Financial debts170/4€2.9m€1.3m€0---
Credit institutions173€2.9m€1.3m€0---
Other amounts payable178/9€263,440€265,490€265,490€1.6m€1.1m▼ 27.7%
Amounts payable within one year42/48€5.9m€3.8m€4.1m€803,531€1.2m▲ 44.9%
Current portion of amounts payable after more than one year42€1.7m€1.7m€1.6m---
Financial debts43-€300,000€307,899---
Credit institutions430/8-€300,000€307,899---
Trade debts44€10,853€196,664€58,635€136,179€261,749▲ 92.2%
Suppliers440/4€10,853€196,664€58,635€136,179€261,749▲ 92.2%
Taxes, remuneration and social security45€743,360€545,319€853,618-€22,425-
Taxes450/3€586,394€545,319€853,618-€22,425-
Remuneration and social security454/9€156,966€0----
Other amounts payable47/48€3.5m€1.0m€1.4m€667,352€880,000▲ 31.9%
Accrued charges and deferred income492/3€27,534€309€1,598€14,882€659▼ 95.6%
Line20212022202320242025Change
Profit (loss) for the period9904€1.7m-€21.7m-€1.5m€3.5m-€7.4m▼ 308%
+ Depreciation and write-downs630€26,857€26,697€26,516€26,888€15,932▼ 40.7%
Operating cash flow (approximation)€1.7m-€21.7m-€1.5m€3.6m-€7.3m▼ 306%
Investment in fixed assets (approximation)-€19.1m€0€53,008-€15,166▼ 129%
Change in cash--€396,776€1.2m€138,456-€665,781▼ 581%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
29-12
State Gazette act Resignation: RSM InterAudit SRL (statutory auditor)
Appointment: BDO Réviseurs d'Entreprises SRL (statutory auditor) · Permanent representative: Amandine DESMEDT · Director discharge6 facts ▸
  • General meeting, 18-06-2025
  • Director resignation, RSM InterAudit SRL (statutory auditor)
  • Director discharge, RSM InterAudit SRL
  • Auditor appointment, BDO Réviseurs d'Entreprises SRL (statutory auditor)
  • Permanent representative, Amandine DESMEDT
  • Auditor fees, 106450 EUR hors frais et débours et hors TVA, 7500 EUR
22-10
NBB filing Annual accounts filed
fiscal year 2024 · consolidated
03-10
State Gazette act Permanent representatives: Gaëtan PIRET, Frans Xavier VAN NUFFEL and 3 others
Power of attorney · Power-of-attorney revocation · Signing threshold13 facts ▸
  • Board meeting, 22-09-2025
  • Power of attorney, SRL UNIRE
  • Permanent representative, Gaëtan PIRET
  • Power of attorney, SA SARCCO
  • Permanent representative, Frans Xavier VAN NUFFEL
  • Power of attorney, SRL PIERRE-HUGUES BONNEFOY-CUDRAZ Reviseur d'Entreprises
  • Permanent representative, Pierre-Hugues BONNEFOY
  • Power of attorney, SRL JOMI
  • Permanent representative, Joëlle MICHA
  • Power-of-attorney revocation, 11-12-2023
  • Signing threshold, 300000 EUR, conjointement deux à deux
  • Signing threshold, 1250000 EUR, conjointement deux à deux
  • +1 further facts in this act
29-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
15-04
State Gazette act Appointment: SARCCO (director)
Permanent representative: Frans Xavier VAN NUFFEL · Capital increase · Capital5 facts ▸
  • General meeting, 10-03-2025
  • Capital increase, €1.339.798
  • Capital, €6.448.798
  • Director appointment, SARCCO (director)
  • Permanent representative, Frans Xavier VAN NUFFEL
14-03
State Gazette act Registered office · Statutes amendment · Resignations & appointments
Capital · Capital increase · Name change7 facts ▸
  • General meeting, 10-03-2025
  • Capital, €5.109.000
  • Capital increase, €1.339.798
  • Name change, Advanced Fire Technologies
  • Registered-office move, 1050 Bruxelles, Avenue Louise 480
  • Power of attorney, Conseil d'administration
  • Share split, 1 à 50.030, 10
2024
31-12
Financial Back to profitnet €3.5m
Net result €3.5m after 2 loss-making years.
31-12
Financial Liquidity times 5current ratio 7.81
Current ratio from 1.55 to 7.81; short-term debt falls from €4.1m to €803,531.
23-12
NBB filing Annual accounts filed
fiscal year 2023 · consolidated
19-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
25-04
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 269 days late
Show earlier events
02-02
State Gazette act Permanent representatives: Frans Xavier Van Nuffel, Gaëtan PIRET and Pierre-Hugues BONNEFOY
Power of attorney11 facts ▸
  • Board meeting, 22-01-2024
  • Power of attorney, SA Sarcco
  • Permanent representative, Frans Xavier Van Nuffel
  • Power of attorney, SRL UNIRE
  • Permanent representative, Gaëtan PIRET
  • Power of attorney, SRL Pierre-Hugues Bonrefoy-Cudraz Reviseur d'Entreprises
  • Permanent representative, Pierre-Hugues BONNEFOY
  • Power of attorney, Brigitte BERNARD
  • Power of attorney, Charles d'UDEKEM
  • Power of attorney, Joëlle MICHA
  • Power of attorney, Corpoconsult SRL
2023
21-12
State Gazette act Appointment: SRL Pierre-Hugues Bonnefoy-Cudraz Reviseur d'Entreprises (cfo)
Permanent representatives: Pierre-Hugues BONNEFOY and Gaëtan PIRÉT · Power of attorney10 facts ▸
  • Board meeting, 11-12-2023
  • Director appointment, SRL Pierre-Hugues Bonnefoy-Cudraz Reviseur d'Entreprises (cfo (directeur financier du groupe))
  • Permanent representative, Pierre-Hugues BONNEFOY
  • Power of attorney, SRL UNIRE
  • Permanent representative, Gaëtan PIRÉT
  • Power of attorney, SRL Pierre-Hugues Bonnefoy-Cudraz Reviseur d'Entreprises
  • Power of attorney, Brigitte BERNARD
  • Power of attorney, Charles d'UDEKEM
  • Power of attorney, Joëlle MICHA
  • Power of attorney, Corpoconsult SPRL
27-11
State Gazette act Resignations: Christian MICHOT, Raymond de MEESTER and VERHAEGEN ET CIE
Appointment: UNICORN REAL ESTATE (director) · Permanent representative: Gaëtan PIRET · Reappointments: Pierre DE SMEDT, Michèle GILORMINI and 3 others28 facts ▸
  • General meeting, 14-11-2023
  • Director resignation, Christian MICHOT (director)
  • Director resignation, Raymond de MEESTER (director)
  • Director resignation, VERHAEGEN ET CIE (director)
  • Director appointment, UNICORN REAL ESTATE (director)
  • Permanent representative, Gaëtan PIRET
  • Board composition, Pierre DE SMEDT (director)
  • Board composition, Michèle GILORMINI (director)
  • Board composition, Philippe SELLE (director)
  • Board composition, Bénédicte HERRY (director)
  • Board composition, UNICORN REAL ESTATE (director)
  • Director reappointment, Pierre DE SMEDT (director)
  • +16 further facts in this act
22-11
State Gazette act Resignations: Raymond-Guy de Meester de Betzenbroeck (director and managing director) and Christian Michot (managing director)
Power of attorney4 facts ▸
  • Board meeting, 24-10-2023
  • Director resignation, Raymond-Guy de Meester de Betzenbroeck (director and managing director)
  • Director resignation, Christian Michot (managing director)
  • Power of attorney, Corpoconsult SRL
22-11
State Gazette act Appointment: UNICORN REAL ESTATE (director)
Resignations: Raymond-Guy de Meester de Betzenbroeck (director) and Christian MICHOT (daily management delegate) · Permanent representative: Gaëtan PIRET · Power of attorney14 facts ▸
  • Board meeting, 06-11-2023
  • Director appointment, UNICORN REAL ESTATE (director)
  • Director resignation, Raymond-Guy de Meester de Betzenbroeck (director)
  • Director appointment, UNICORN REAL ESTATE (daily management delegate)
  • Director resignation, Christian MICHOT (daily management delegate)
  • Permanent representative, Gaëtan PIRET
  • Power of attorney, UNICORN REAL ESTATE
  • Power of attorney, UNICORN REAL ESTATE
  • Power of attorney, Brigitte BERNARD
  • Power of attorney, Charles d'UDEKEM
  • Banking power revocation, 05-11-2023
  • Signing threshold, 25000 EUR, un représentant de la catégorie A ou de la catégorie B, signant conjointement deux à deux
  • +2 further facts in this act
2022
31-12
Financial Weakest financial yearnet -€21.7m
Net result drops to -€21.7m, the lowest in the series; recovery starts the following year.
19-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
30-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
22-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 83 days late
2019
31-07
NBB filing Annual accounts filed
fiscal year 2018 · consolidated
2018
19-06
State Gazette act Appointment: Pierre DE SMEDT (director)
Reappointment: RSM INTERAUDIT (statutory auditor) · Permanent representative: Laurent VAN der LINDEN4 facts ▸
  • General meeting, 08-05-2018
  • Director appointment, Pierre DE SMEDT (director)
  • Auditor reappointment, RSM INTERAUDIT
  • Permanent representative, Laurent VAN der LINDEN
2017
03-11
State Gazette act Resignation: Monique De Smedt (director)
Appointment: Pierre De Smedt (director)3 facts ▸
  • Board meeting, 12-10-2017
  • Director resignation, Monique De Smedt (director)
  • Director appointment, Pierre De Smedt (director)
25-07
State Gazette act Appointment: Raymond-Guy de MEESTER de BETZENBROECK (chair of the board)
Power of attorney · Correction6 facts ▸
  • Board meeting, 09-05-2017
  • Director appointment, Raymond-Guy de MEESTER de BETZENBROECK (chair of the board)
  • Director appointment, Raymond-Guy de MEESTER de BETZENBROECK (managing director)
  • Power of attorney, Christian MICHOT
  • Power of attorney, Christian MICHOT
  • Correction, annule et remplace la publication du 27 juin 2017 (acte n° 17090371)
27-06
State Gazette act Reappointments: Monique DE SMEDT, Michèle GILORMINI and 4 others
Permanent representative: J. Michel VERHAEGEN · Appointments: Christian MICHOT (director) and Raymond-Guy de MEESTER de BETZENBROECK (chair of the board) · Power of attorney14 facts ▸
  • General meeting, 09/05/2017
  • Director reappointment, Monique DE SMEDT (director)
  • Director reappointment, Michèle GILORMINI (director)
  • Director reappointment, Bénédicte HERRY (director)
  • Director reappointment, Philippe SELLE (director)
  • Director reappointment, Raymond-Guy de MEESTER de BETZENBROECK (director)
  • Director reappointment, SPRL J. Michel VERHAEGEN (director)
  • Permanent representative, J. Michel VERHAEGEN
  • Director appointment, Christian MICHOT (director)
  • Board meeting, 09/05/2017
  • Director appointment, Raymond-Guy de MEESTER de BETZENBROECK (chair of the board)
  • Director appointment, Raymond-Guy de MEESTER de BETZENBROECK (managing director)
  • +2 further facts in this act
2015
17-06
State Gazette act Reappointment: RSM INTERAUDIT (statutory auditor)
Auditor representative4 facts ▸
  • General meeting, 12-05-2015
  • Auditor reappointment, RSM INTERAUDIT
  • Auditor representative, Thierry Dupont
  • Auditor representative, Laurent Van der Linden
2014
29-10
State Gazette act Resignation: J. Michel VERHAEGEN (director)
Appointment: J. Michel VERHAEGEN SPRL (director) · Permanent representative: J. Michel VERHAEGEN4 facts ▸
  • General meeting, 13-05-2014
  • Director resignation, J. Michel VERHAEGEN (director)
  • Director appointment, J. Michel VERHAEGEN SPRL (director)
  • Permanent representative, J. Michel VERHAEGEN
2013
21-03
State Gazette act Statutes amendment
3 facts ▸
  • General meeting, 06-12-2012
  • Statutes amendment
  • Statutes amendment
2012
06-06
State Gazette act Resignation: Philippe BERG (director)
Appointment: Bénédicte HERRY (director) · Reappointment: RSM INTERAUDIT (statutory auditor) · Auditor representative7 facts ▸
  • General meeting, 08-05-2012
  • Director resignation, Philippe BERG (director)
  • Director appointment, Bénédicte HERRY (director)
  • Auditor reappointment, RSM INTERAUDIT
  • Auditor representative, Thierry DUPONT
  • Auditor representative, Laurent VAN DER LINDEN
  • Honorary title, Administrateur Honoraire
2011
01-08
State Gazette act Capital & shares
Statutes amendment · Registered-office move3 facts ▸
  • General meeting
  • Statutes amendment
  • Registered-office move, Uccle (B-1180 Bruxelles), rue du Merlo 1
10-06
State Gazette act Appointments: Raymond-Ghislain de MEESTER de BETZENBROECK (chair of the board) and Philippe SELLE (director)
Reappointments: Monique DE SMEDT, Michèle GILORMINI and 3 others10 facts ▸
  • Board meeting, 10-05-2011
  • General meeting, 10-05-2011
  • Director appointment, Raymond-Ghislain de MEESTER de BETZENBROECK (chair of the board)
  • Director appointment, Raymond-Ghislain de MEESTER de BETZENBROECK (administrateur délégué en charge de la gestion journalière)
  • Director reappointment, Monique DE SMEDT (director)
  • Director reappointment, Michèle GILORMINI (director)
  • Director reappointment, Philippe BERG (director)
  • Director reappointment, Raymond-Ghislain de MEESTER de BETZENBROECK (director)
  • Director reappointment, Jean-Michel VERHAEGEN (director)
  • Director appointment, Philippe SELLE (director)
2009
30-07
State Gazette act Reappointment: SCRL Dupont, Koevoets & C° (statutory auditor)
2 facts ▸
  • General meeting, 12-05-2009
  • Auditor reappointment, SCRL Dupont, Koevoets & C°
18-05
State Gazette act Reappointments: Monique DE SMEOT, Jean SELLE and 3 others
6 facts ▸
  • General meeting, 10-05-2005
  • Director reappointment, Monique DE SMEOT (director)
  • Director reappointment, Jean SELLE (director)
  • Director reappointment, Michéle GILORMINI (director)
  • Director reappointment, Raymond-Guy de MEESTER (director)
  • Director reappointment, J. Michel VERHAEGEN (director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
21 of 21 acts read

Directors · office · real estate

Directors
6 directors, 1 in day-to-day management, no change since 2025

Board 6

Philippe SELLE
Director · since 10-05-2011
Current
Bénédicte HERRY
Director · since 08-05-2012
Current
Pierre DE SMEDT
Director · since 23-10-2017
Current
UNICORN REAL ESTATE
Director · since 06-11-2023 · Private limited company · perm. rep.: Gaëtan PIRET
Current
SARCCO
Director · since 10-04-2025 · Public limited company · perm. rep.: Frans Xavier VAN NUFFEL
Current
Current
5 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Raymond-Ghislain de MEESTER de BETZENBROECK
Chair of the board · since 10-05-2011 · Director
Not recently confirmed
J.MICHEL VERHAEGEN
Director · since 13-05-2014 · Legal entity · perm. rep.: J. Michel VERHAEGEN
Not recently confirmed
Jean SELLE
Director
Not recently confirmed
Not recently confirmed
Not recently confirmed

Day-to-day management 1

UNICORN REAL ESTATE
Managing director · since 06-11-2023 · Private limited company · perm. rep.: Gaëtan PIRET
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Raymond-Ghislain de MEESTER de BETZENBROECK
Administrateur délégué en charge de la gestion journalière · since 10-05-2011
Not recently confirmed

Permanent representatives 3

Gaëtan PIRET
Permanent representative · since 06-11-2023 · for UNICORN REAL ESTATE
Current
Pierre-Hugues BONNEFOY
Permanent representative · since 11-12-2023 · for Pierre-Hugues Bonnefoy Conseil
Current
Frans Xavier VAN NUFFEL
Permanent representative · since 10-04-2025 · for SARCCO
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
J. Michel VERHAEGEN
Permanent representative · since 13-05-2014 · for J.MICHEL VERHAEGEN
Not recently confirmed

Statutory auditor 1

BDO Réviseurs d'Entreprises SRL
Statutory auditor · since 18-06-2025 · perm. rep.: Amandine DESMEDT
Current

Other functions 1

Pierre-Hugues Bonnefoy Conseil
Cfo (directeur financier du groupe) · since 11-12-2023 · Private limited company · perm. rep.: Pierre-Hugues BONNEFOY
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
1.3 ha
Building footprint
1,921 m²
Volume, LiDAR
99,378 m³
2 parcels, Brussels · tallest building 106.8 m, ±30 floors. Linked by address, not a title deed.
268 companies at this address See who is registered here
1 establishment unit
Merlostraat 1, 1180 Ukkel
Insurance, reinsurance and pension funding, except compulsory social security
since 19932.062.784.776
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21616G0095/00Y000 Brussels 1.1 ha 1 · 686 m² 17.8 m · 5 fl.
21822R0227/00V003 Brussels 2,791 m² 1 · 1,235 m² 106.8 m · 30 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

22 people since 2009, 13 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • Other function
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Michèle GILORMINI
  • Director, already before 18-05-2009 to date
Philippe SELLE
  • Director, from 10-05-2011 to date
Bénédicte HERRY
  • Director, from 08-05-2012 to date
Pierre DE SMEDT
  • Director, from 23-10-2017 to date
UNICORN REAL ESTATE
  • Director, from 06-11-2023 to date
  • Daily management delegate, from 06-11-2023 to date
SARCCO
  • Director, from 10-04-2025 to date
BDO Réviseurs d'Entreprises SRL
  • Statutory auditor, from 18-06-2025 to date
Pierre-Hugues Bonnefoy Conseil
  • Cfo (directeur financier du groupe), from 11-12-2023 to date
Jean SELLE
  • Director, already before 18-05-2009 not ended, last confirmed 18-05-2009
Monique DE SMEOT
  • Director, already before 18-05-2009 not ended, last confirmed 18-05-2009
Raymond-Guy de Meester
  • Director, already before 18-05-2009 not ended, last confirmed 18-05-2009
Raymond-Ghislain de MEESTER de BETZENBROECK
  • Chair of the board, from 10-05-2011 not ended, last confirmed 10-06-2011
  • Administrateur délégué en charge de la gestion journalière, from 10-05-2011 not ended, last confirmed 10-06-2011
  • Director, already before 10-06-2011 not ended, last confirmed 10-06-2011
J.MICHEL VERHAEGEN
  • Director, from 13-05-2014 not ended, last confirmed 29-10-2014
RSM INTERAUDIT
  • Auditor, from 08-05-2012 to 18-06-2025
Christian MICHOT
  • Director, from 27-06-2017 to 14-11-2023
  • Managing director, until 24-10-2023
  • Daily management delegate, until 06-11-2023
Raymond-Guy de Meester de Betzenbroeck
  • Chair of the board, from 09-05-2017 ended, last mentioned 25-07-2017
  • Managing director, from 09-05-2017 to 31-10-2023
  • Director, already before 27-06-2017 to 31-10-2023
  • Director, until 06-11-2023
Raymond de MEESTER
  • Director, until 31-10-2023
  • Managing director, until 31-10-2023
VERHAEGEN et Cie
  • Director, until 27-04-2019
Monique De Smedt
  • Director, already before 10-06-2011 to 23-10-2017
Jean-Michel Verhaegen
  • Director, already before 18-05-2009 to 13-05-2014
Philippe BERG
  • Director, already before 10-06-2011 to 08-05-2012
SCRL Dupont, Koevoets & C°
  • Auditor, from 12-05-2009 to 08-05-2012
See the board, name and seat on a given date →

Structure & network

Heads the group Advanced Fire Technologies 11 companies Group, risk and exposure

Owners and holdings

1 owner · 10 holdings

Owners 1

Holdings 10

According to the 2025 annual accounts of Advanced Fire Technologies and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

4 connected companies
Depth
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors

Capital and shareholders

Capital over the years
  1. 15-04-2025 Capital increase of 1,339,798 EUR · to 6,448,798 EUR · 13,120 new shares
  2. 14-03-2025 Capital increase of 1,339,798 EUR · to 6,448,798 EUR · 13,120 new shares

Recognitions · licences · registrations

Legal Entity Identifier

967600HNHADZYS26CW93
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 11,757 companies in sector 68310 we hold annual accounts for 6,907. 2,043 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded11-05-1993
Fiscal year end31-12
Abbreviation FR AFITEC ou AFT
Activities, NACEBEL 2025
68310Real estate agency activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0450124243
Registered 27-03-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

General meetings

1 convocation
Extraordinary general meeting
on 10-05-2005 at 17u · published 22-04-2005
Agenda
suivant : 1. Lecture du rapport de gestion du conseil d’administration sur l’exercice 2004. 2. Lecture du rapport du commissaire-réviseur. 3. Approbation des comptes annuels de l’exercice 2004, et affectation du résultat. 4. Comptes annuels, rapport de gestion et rapport du commissaire-réviseur, consolidés. 5. Nomination et/ou démission d’administrateurs. 6. Décharge aux administrateurs et au commissaire- réviseur. 7. Rémunération du conseil d’administration. 8. Rémunération du commissaire-réviseur. 9. Divers. (11893) Bocquet Engineering, société anonyme, avenue Albert Einstein 12, 1348 Louvain-la-Neuve Numéro d’entreprise 0448.282.233 Assemblée générale le 2 mai 2005, à 12 heures, au siège ...