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Complete company report
Generated 15-08-2026
Active BE 0632.866.404Private limited company

AF Management

Rue Sainte Catherine 15 ·7370 Dour, Belgium· 11 yrs active
Sector: Ontwikkeling van niet-residentiële bouwprojecten (68122)
Conclusion Checked

The KBO register records legal situation 050 for AF Management (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show negative equity (€-5k) and a net result of €16k.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €-5k
Net result €16k
Better than sector 10%
Active 11 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health0Profitability50Solvency42Growth47Stability0
28 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 50
Solvency 42
Growth 47
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
0 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Trust signals 1 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2023 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview8 NBB filings
Annual accounts filed on 01-07-2024 with the NBB · fiscal year 2023 · micro
€-50k€0€50k€100kOperating result 2019: €-9k€-9kNet result 2019: €-20k€-20kRevenue 2020: €106k€106kOperating result 2020: €10k€10kNet result 2020: €-13k€-13kRevenue 2021: €88k€88kOperating result 2021: €-16k€-16kNet result 2021: €-18k€-18kRevenue 2022: €103k€103kOperating result 2022: €629€629Net result 2022: €-9k€-9kRevenue 2023: €100k€100kOperating result 2023: €18k€18kNet result 2023: €16k€16k20192020202120222023
RevenueOperating resultNet result
Sector comparison
Fiscal year 2023 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -12.4% 17.6%
better than 10% of 4307 sector peers
Net result €16k €2k
better than 70% of 4293 sector peers
Equity €-5k €26k
better than 21% of 4308 sector peers
Gross operating margin €20k €23k
better than 48% of 4281 sector peers
Total assets €38k €278k
better than 14% of 4307 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€100k
-2.7% 18-23
EBITDA
€-9k
- 18-23
Net profit
€16k
- 18-23
Cash flow
€-19k
-11.6% 18-23
Total assets
€38k
+89.8% 18-23
Equity
€-5k
+77.4% 18-23
Working capital
€-5k
+75.2% 18-23
Income taxes
€34
-99.5% 18-23
Debt
€43k
+4.5% 18-23
Debt ≤ 1y
€43k
+4.5% 18-23
Debt > 1y
€0
- 18-23
Current ratio
0.88
+84.3% 18-23
Quick ratio
0.88
+84.3% 18-23
Solvency
-12.4%
+88.1% 18-23
Debt / equity
-9.05
-362.0% 18-23
ROE
-342.2%
- 18-23
ROA
42.5%
- 18-23
Net margin
16.2%
- 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue€100k
EBITDA-
Net profit€16k
Cash flow-
Staff costs-
Income taxes€34
Dividends-
Total assets€38k
Equity€-5k
Debt€43k
of which ≤ 1y€43k
of which > 1y€0
Working capital€-5k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.88
Quick ratio0.88
Working capital ratio-14.0%
Solvency-12.4%
Debt / equity-9.05
Long-term debt ratio0.00
Interest coverage-
Gross margin-
Net margin16.2%
ROA42.5%
ROE-342.2%
EBITDA margin-
Days sales outstanding22d
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€38k
Fixed assets 21/28€600
Formation expenses 20€0
Tangible fixed assets 22/27€0
Financial fixed assets 28€600
Current assets 29/58€38k
Amounts receivable within one year 40/41€20k
Cash & bank 54/58€17k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€38k
Equity 10/15€-5k
Contributions / capital 10/11€19k
Accumulated profits (losses) 14€-23k
Amounts payable 17/49€43k
Amounts payable after one year 17€0
Amounts payable within one year 42/48€43k
Trade debts payable within one year 44€28k
Income statement
Turnover 70€100k
Gross operating margin 9900€20k
Operating result 9901€18k
Financial income 75€0
Financial charges 65€1k
Result before taxes 9903€16k
Income taxes 67/77€34
Net result for the period 9904€16k
Result to be appropriated 9905€16k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • Elodie PILLONETTO
    Director
    State Gazette act 24425503 (02-09-2024)
    Current
    02-09-2024 → present
  • Freddy ABRASSART
    Director
    State Gazette act 24425503 (02-09-2024)
    Current
    02-09-2024 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Ontwikkeling van niet-residentiële bouwprojecten(68122)
Legal form Private limited company(610)
Incorporation30-06-2015
StatusActive
Postal code7370
Establishment units 1 location
Betting Wallonie
Rue Sainte Catherine 15, 7370 DourOntwikkeling van residentiële bouwprojecten
since 20152.245.136.066
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
02-09-2024
State Gazette act Director changes
Edmond-Charles BOUTTIAU
01-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
08-03-2024
State Gazette act Registered-office change
2023
04-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
30-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
08-12-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
10-08-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
08-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
02-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
02-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
Belgisch Staatsblad, acts 2 acts
Address history · 1
08-03-2024
Registered-office move
All acts · 2 updated 1 year ago
2024
02-09-2024 2 directors appointed Director changes·Edmond-Charles BOUTTIAU
  • Freddy ABRASSART, Bestuurder
  • Elodie PILLONETTO, Bestuurder
Notary: Edmond-Charles BOUTTIAU · Quévy
Technical details 
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      "subkind": "renewal",
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      "evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de mettre fin \u00E0 la fonction des g\u00E9rants actuels, mentionn\u00E9s ci-apr\u00E8s, et proc\u00E8de imm\u00E9diatement au renouvellement de leur nomination comme administrateur non statutaire pour une dur\u00E9e illimit\u00E9e : - Monsieur Freddy ABRASSART, ici pr\u00E9sent et qui accepte.",
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      "evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de mettre fin \u00E0 la fonction des g\u00E9rants actuels, mentionn\u00E9s ci-apr\u00E8s, et proc\u00E8de imm\u00E9diatement au renouvellement de leur nomination comme administrateur non statutaire pour une dur\u00E9e illimit\u00E9e : - Monsieur Freddy ABRASSART, ici pr\u00E9sent et qui accepte.",
      "decharge_status": null,
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    {
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      "evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de mettre fin \u00E0 la fonction des g\u00E9rants actuels, mentionn\u00E9s ci-apr\u00E8s, et proc\u00E8de imm\u00E9diatement au renouvellement de leur nomination comme administrateur non statutaire pour une dur\u00E9e illimit\u00E9e : - Madame Elodie PILLONETTO, ici pr\u00E9sente et qui accepte.",
      "decharge_status": null,
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    }
  ],
  "notary": {
    "name": "Edmond-Charles BOUTTIAU",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Qu\u00E9vy",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-09-02",
    "filing_date": "2024-08-29",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2024-08-26",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2024-08-26",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2024-08-26",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2024-08-26",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2024-08-26",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2024-08-26",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2024-08-26",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2024-08-26",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2024-08-26",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0632.866.404",
    "name_full": "BETTING WALLONIE",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Edmond-Charles BOUTTIAU",
    "org_rep_person_name": null,
    "person_role_at_subject": "notaire"
  },
  "co_filed_documents": [
    "Une exp\u00E9dition de l\u0027AGE du 26 ao\u00FBt 2024",
    "les statuts coordonn\u00E9s"
  ],
  "corrected_publication_numac": null
}
08-03-2024 Registered office moved from Wihéries to Dour Registered-office change
  • 99 RUE DES CHENES 7370 WIHERIES → Rue Sainte-Catherine 15 à 7370 Dour
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Rue Sainte-Catherine 15 \u00E0 7370 Dour",
        "city": "Dour",
        "region": "waals_gewest",
        "street": "Rue Sainte-Catherine",
        "country": "BE",
        "postcode": "7370",
        "box_number": null,
        "street_number": "15",
        "locality_suffix": null
      },
      "old_address": {
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        "postcode": "7370",
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        "locality_suffix": null
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      "effective_date": "2024-03-01",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "immediate",
      "statutaire_vs_werkelijke": "statutaire",
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  "notary": {
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    "office_city": null,
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  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2024-03-08",
    "filing_date": "2024-02-12",
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  "decision": {
    "body": "assembl\u00E9e g\u00E9n\u00E9rale extraordinaire",
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  "subject_company": {
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  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "ABRASSART Freddy",
    "org_rep_person_name": null,
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  "co_filed_documents": [
    "Bijlagen bij het Belgisch Staatsblad - 08/03/2024 - Annexes du Moniteur belge"
  ]
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Loterijen en kansspelen92000Activiteiten van loterijen en kansspelen92000
Primary activity highlighted.
Names & trade names
Legal nameFR AF Management
Registered office
Rue Sainte Catherine 15
7370 Dour, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative