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AF ENERGY

Active
Private limited companyfounded 2017active for 9 yearsJaargetijdenlaan 90, 1050 Elsene, BelgiumKBO/BCE: BE 0677.934.384

From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

AF ENERGY has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89,919 and a net result of €78,534. Equity has been growing by about 12% per year since 2018. Its solvency ranks better than 14% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Official details

KBO
Status
Active since 05-07-2017 Normal situation
Registered office
44 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Other specialised construction activities NACE 43990
Establishment unit
2.267.367.179 1050 Elsene, since 05-07-2017
Financial year end
31 December
Peppol
Reachable since 25-11-2025

Board and ownership

Board
  • Verbaandert FabianDirector · since 05-07-2017
  • de LAAT ArnaudDirector · since 01-01-2021

Financial position

66 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.0%
Annual accounts 2025
Gross margin
€189,729
▲ 50.6%
Turnover
≈ €780,000
estimated
Profit
€78,534
▲ 132%
Equity
€89,919
▲ 27.3%
Total assets
€971,864
▼ 5.2%
Filed on 14-10-2026, 75 days after the deadlineat the National Bank
Score breakdownraises riskLast filed accounts filed 75 days late; 1 of the last 3 accounts lateSector: Specialised construction activities (NACE 43)Equity €89,919 (9.3% of total assets)lowers riskSize: total assets €971,864Show the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 40% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Average
Solvency 34+2
equity 9.3% of total assets
Liquidity 28+7
short-term debt 62.2% · cash 8.4%
Profitability 79+6
return on assets 8.1%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 1.1% 12-2024: 1.1%● unchanged vs 11-2024 01-2025: 1.0%▼ -0.1 percentage points vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.1%▲ +0.1 percentage points vs 04-2025 06-2025: 1.2%▲ +0.1 percentage points vs 05-2025 07-2025: 1.4%▲ +0.2 percentage points vs 06-2025 08-2025: 1.9%▲ +0.5 percentage points vs 07-2025highest value 09-2025: 0.7%▼ -1.2 percentage points vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.6%▼ -0.1 percentage points vs 10-2025lowest value 12-2025: 0.6%● unchanged vs 11-2025lowest value 01-2026: 0.6%● unchanged vs 12-2025lowest value 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.7%▲ +0.1 percentage points vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.8%▲ +0.1 percentage points vs 06-2026 08-2026: 1.3%▲ +0.5 percentage points vs 07-2026 09-2026: 1.7%▲ +0.4 percentage points vs 08-2026 10-2026: 1.0%▼ -0.7 percentage points vs 09-2026
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.7 (0.63 in 2024), below 1. Short-term debt is 62.2% and cash 8.4% of total assets. 90.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 13% of them on solvency, 17% on liquidity, 57% on profitability and 73% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Last filed accounts filed 75 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Size: total assets €971,864
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Equity €89,919 (9.3% of total assets)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 34902 sector peers (2025).
NBB · sector comparison
Position among 34902 sector peers
Solvency
better than 14%
← weakest strongest →
raises risk · 2025 accounts filed 75 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-10-2026, 75 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filings
Deviation from the deadline
2025
75 days late
2024
29 days late
2023
35 days early
2022
23 days late
2021
78 days late
2020
89 days late
2019
38 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 42 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 49 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower solvency than 86% of companies in specialised constructionsector median 46.7% · 34,902 companies 9.3% View
  • Positive: 5 profitable years in a rowprofit 2025: €78,534 5 years View

Comparable companies

These companies have the same main activity as AF ENERGY: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €806,000 and €1.1m, founded between 2016 and 2018.

CompanyTotal assetsGross margin
AF ENERGY Elsene€1.0m€0.2m
RENOVIX Vorst€1.1m€0.2m
ENTREPRISE DINARICA Anderlecht€0.8m€0.2m
ARTS & CRAFTS Sint-Agatha-Berchem€0.9m€0.2m
ECR.TRAVAUX Braine-l'Alleud€0.9m€0.2m
Vanbilloen Staden€0.9m€0.2m
AMP Batirenov Braine-l'Alleud€0.9m€0.2m
Full comparison

Documents

Annual accounts at the NBB

All 8 annual accounts

Articles and registers

Key facts about AF ENERGY

What is the company number of AF ENERGY?
The company number of AF ENERGY is 0677.934.384. The VAT number is the same number with BE in front: BE 0677.934.384.
Where is AF ENERGY based?
The registered office is at Jaargetijdenlaan 90, 1050 Elsene.Company details
What does AF ENERGY do?
According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of AF ENERGY?
The legal form of AF ENERGY is Private limited company (BV).
When was AF ENERGY founded?
AF ENERGY was founded on 05-07-2017.
Is AF ENERGY still active?
Yes, AF ENERGY is an active enterprise in the KBO register.
What is the turnover of AF ENERGY?
The turnover in financial year 2025 is ≈ €780,000. This figure is estimated from the gross margin of €189,729 and 47 comparable companies (NACE 43990). It probably lies between €520,000 and €1.4m.Financials
Is AF ENERGY profitable?
In financial year 2025, AF ENERGY made a profit of €78,534.
Where can I find the annual accounts of AF ENERGY?
AF ENERGY filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of AF ENERGY due?
AF ENERGY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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