AF PROJECTS
ActiveSummary
AF PROJECTS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,000 and a net result of €29,077. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
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Signals
This company filed its last 4 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 2,155 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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%.
| 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 2,155 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,121 | €703 | €1,059 | ▲ 50.6% |
| Other operating charges640/8 | - | €109 | €15,346 | €1,023 | ▼ 93.3% |
| Gross operating margin9900 | -€1,688 | €35,793 | €33,788 | €39,973 | ▲ 18.3% |
| Operating profit (loss)9901 | -€1,688 | €34,563 | €17,739 | €37,891 | ▲ 114% |
| Financial income75/76B | - | - | €2 | €0 | ▼ 99.0% |
| Recurring financial income75 | - | - | €2 | €0 | ▼ 99.0% |
| Financial charges65/66B | - | €76 | €76 | €105 | ▲ 38.1% |
| Recurring financial charges65 | - | €76 | €76 | €105 | ▲ 38.1% |
| Profit (loss) for the period before taxes9903 | -€1,688 | €34,487 | €17,665 | €37,785 | ▲ 114% |
| Income taxes67/77 | - | €7,807 | €4,626 | €8,709 | ▲ 88.3% |
| Profit (loss) for the period9904 | -€1,688 | €26,680 | €13,039 | €29,077 | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | -€1,688 | €26,680 | €13,039 | €29,077 | ▲ 123% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €4,084 | €63,648 | €51,480 | €72,929 | ▲ 41.7% |
| Fixed assets21/28 | €1,653 | €35,076 | €1,718 | €2,582 | ▲ 50.3% |
| Tangible fixed assets22/27 | €1,653 | €35,076 | €1,718 | €2,582 | ▲ 50.3% |
| Furniture and vehicles24 | €1,653 | €35,076 | €1,718 | €2,582 | ▲ 50.3% |
| Current assets29/58 | €2,431 | €28,572 | €49,762 | €70,347 | ▲ 41.4% |
| Amounts receivable within one year40/41 | €431 | €26,299 | €30,550 | €16,851 | ▼ 44.8% |
| Trade receivables40 | - | €23,165 | €30,550 | €15,560 | ▼ 49.1% |
| Other amounts receivable41 | €431 | €3,134 | - | €1,291 | - |
| Cash at bank and in hand54/58 | €2,000 | €1,385 | €3,367 | €41,358 | ▲ 1,128% |
| Deferred charges and accrued income490/1 | - | €888 | €15,845 | €12,138 | ▼ 23.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €4,084 | €63,648 | €51,480 | €72,929 | ▲ 41.7% |
| Equity10/15 | €312 | €26,192 | €39,231 | €2,000 | ▼ 94.9% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | €24,192 | €37,231 | - | - |
| Distributable reserves133 | - | €24,192 | €37,231 | - | - |
| Profit (loss) carried forward14 | -€1,688 | - | - | - | - |
| Amounts payable17/49 | €3,772 | €37,456 | €12,249 | €70,929 | ▲ 479% |
| Amounts payable within one year42/48 | €3,772 | €37,456 | €12,249 | €70,929 | ▲ 479% |
| Trade debts44 | €3,613 | €1,411 | €1,440 | €1,686 | ▲ 17.1% |
| Suppliers440/4 | €3,613 | €1,411 | €1,440 | €1,686 | ▲ 17.1% |
| Taxes, remuneration and social security45 | - | €7,019 | €10,809 | €14,820 | ▲ 37.1% |
| Taxes450/3 | - | €4,458 | €10,809 | €14,820 | ▲ 37.1% |
| Remuneration and social security454/9 | - | €2,561 | - | - | - |
| Other amounts payable47/48 | €159 | €29,027 | - | €54,423 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,688 | €26,680 | €13,039 | €29,077 | ▲ 123% |
| + Depreciation and write-downs630 | - | €1,121 | €703 | €1,059 | ▲ 50.6% |
| Operating cash flow (approximation) | -€1,688 | €27,802 | €13,742 | €30,136 | ▲ 119% |
| Investment in fixed assets (approximation) | - | -€34,545 | €32,656 | -€1,924 | ▼ 106% |
| Change in cash | - | -€615 | €1,982 | €37,991 | ▲ 1,817% |
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 1 Belgian State Gazette act for this company. It has not 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. |
|---|---|---|---|---|
| 11806F1347/00T019 | Flanders | 69 m² | 1 · 74 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.