AF ENERGY

Active

Private limited companyfounded 20179 yrs activeJaargetijdenlaan 90, 1050 Elsene, BelgiumKBO/BCE: BE 0677.934.384

The computed 12-month bankruptcy probability of AF ENERGY is 2.1% (moderate). The 2024 annual accounts show equity of €71k and a net result of €34k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 3569 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

48 / 100

Fair▲ +3 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency8▲+1

Growth78=

Stability100

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity short (current ratio 0.63 against 0.71 in 2023), and 93.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 3569 sector peers (2024).

NBB · sector comparison

Position among 3569 sector peers

Solvency

better than 10%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

35 d early

2022

23 d late

2021

78 d late

2020

89 d late

2019

38 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€34k▼ 63.9%

2023 · €94k

2018: €-5k 2019: €2k 2020: €-739 2021: €76k 2022: €110k 2023: €94k

2018 → 2024

Working capital

€-236k▼ 8.6%

2023 · €-218k

2018: €13k 2019: €18k 2020: €18k 2021: €32k 2022: €-80k 2023: €-218k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€31k-€37k▲ 18.6%€37k=€37k=€71k▲ 91.7%

Operating result€-314-€102k€144k▲ 40.8%€123k▼ 14.5%€65k▼ 47.7%

Net result€-739-€76k€110k▲ 45.1%€94k▼ 14.7%€34k▼ 63.9%

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2024 is 48% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.03M

60.3%

39.7%

Fixed assets €618k▲ 3.3%

Current assets €407k▼ 22.7%

Equity and liabilities €1.03M

93.1%

Equity €71k▲ 91.7%

Debt €955k▼ 12.3%

The debt ratio falls from 96.7% to 93.1%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€125k▼

2023 · €216k

Cash flow

€94k▼

2023 · €186k

Solvency

6.9%▲

2023 · 3.3%

Current ratio

0.63▼

2023 · 0.71

Quick ratio

0.63▼

2023 · 0.71

Debt / equity

13.51▼

2023 · 29.53

ROE

47.8%▼

2023 · 254.2%

ROA

3.3%▼

2023 · 8.3%

Interest coverage

11.86▼

2023 · 51.65

Debt

€955k▼

2023 · €1.09M

Debt ≤ 1 year

€644k▼

2023 · €745k

Debt > 1 year

€311k▼

2023 · €344k

Income taxes

€20k▼

2023 · €25k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.13M€1.03M▼

Fixed assets21/28€598k€618k▲

Tangible fixed assets22/27€598k€618k▲

Land and buildings22€481k€461k▼

Furniture and vehicles24€118k€157k▲

Current assets29/58€527k€407k▼

Amounts receivable within one year40/41€423k€372k▼

Trade receivables40€409k€372k▼

Other amounts receivable41€14k-

Cash at bank and in hand54/58€104k€36k▼

Equity and liabilities

Total equity and liabilities10/49€1.13M€1.03M▼

Equity10/15€37k€71k▲

Contributions10/11€37k€37k=

Profit (loss) carried forward14-€34k

Amounts payable17/49€1.09M€955k▼

Amounts payable after more than one year17€344k€311k▼

Financial debts170/4€344k€311k▼

Amounts payable within one year42/48€745k€644k▼

Current portion of amounts payable after more than one year42€31k€33k▲

Trade debts44€153k€159k▲

Suppliers440/4€153k€159k▲

Taxes, remuneration and social security45€79k€54k▼

Taxes450/3€79k€53k▼

Remuneration and social security454/9-€2k

Other amounts payable47/48€482k€398k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€92k€60k▼

Other operating charges640/8€1k€2k▲

Gross operating margin9900€217k€126k▼

Operating profit (loss)9901€123k€65k▼

Financial charges65/66B€4k€11k▲

Recurring financial charges65€4k€11k▲

Profit (loss) for the period before taxes9903€119k€54k▼

Income taxes67/77€25k€20k▼

Profit (loss) for the period9904€94k€34k▼

Profit (loss) for the period to be appropriated9905€94k€34k▼

Appropriation of the result

Profit (loss) to be appropriated9906€94k€34k▼

Profit to be distributed694/7€94k-

Return on contributions (dividend)694€94k-

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 10Financial 3Filings 7

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 29 days late

2024

26-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

23-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 23 days late

2022

31-12

Financial Highest result since 2018net €110k ▲45.1%

Operating result €144k, net result €110k, both a record.

17-10

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 78 days late

2021

31-12

Financial Back to profitnet €76k

Net result €76k after one loss-making year.

28-10

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 89 days late

2020

07-09

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 38 days late

2019

31-12

Financial Back to profitnet €2k

Net result €2k after one loss-making year.

28-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 28 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Elsene · 1 establishment unit since 2017

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Jaargetijdenlaan 901050 Elsene

Ground area

1,700 m²

Building footprint

855 m²

Volume, LiDAR

6,442 m³

Parcel 21445C0275/00N007, Brussels · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

AF ENERGY

Jaargetijdenlaan 90, 1050 ElseneGeneral electrical installation work

since 20172.267.367.179

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21445C0275/00N007	Brussels	1,700 m²	1 · 855 m²	11.4 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

RBS Container Verhuur

BE 0728.548.291

Maldegem · Eq €71k

Of 15,430 companies in sector 43990 we hold annual accounts for 7,352. 6,168 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-07-2017

Fiscal year end31-12

Activities, NACEBEL

43990Other specialised construction activities

43999Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.