Equity
€2,000 ▼ 94.9%
AF PROJECTS paid out €66,308 in dividends. That is 228% of the 2025 profit.
AF PROJECTS
Overview
Lifetime
4 annual accounts with figures on one time axispeak €39,973 (2025)
€39,973▲ 18.3%
lowest -€1,688 (2022)
€29,077▲ 123%
peak €39,231 (2024)
€2,000▼ 94.9%
€70,929▲ 479%
Board1 name since 2022
1 director
Documentsfilings and deeds
27-02-2026154 days before the deadline
2025micro format
Gross margin from €33,788 to €39,973Result from €13,039 to €29,077Dividend €66,308Equity from €39,231 to €2,000Debts from €12,249 to €70,929Investments €1,924
Key points
from the 2025 annual accountsDebts
€70,929 97% of the balance sheet
Suppliers 2%Taxes and wages 21%Other 77%
Investments
€1,924 1.8 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.99 was 4.06 in 2024
Short-term debts rose from €12,249 to €70,929.
Filings
4 annual accounts 2 late
The 2023 accounts came latest: 30 days after the end of the period.
Position in the sector
€2,000
Less equity than 90% of companies in head offices and management consultancy. Sector median €78,242 · 39,408 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,157 companies had the same profile as AF PROJECTS has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
2.8%
stopped another way
3.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,157 companies, not a prediction for AF PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0794846506
Incorporation
Founding capital of €2,000, 100 shares · Founder: · Appointment: (director) · published on 19-12-2022 · Gazette deed
First establishment
Van Beethovenstraat 2, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AF PROJECTS Antwerp | €72,929 | €39,973 | 2.7% | - |
| UpSight Consulting Antwerp | €84,548 | €38,498 | 84.0% | - |
| Blue Alpha Antwerp | €77,162 | €36,289 | 70.8% | - |
| TASE Antwerp | €83,223 | €43,624 | 3.6% | - |
| GB Solutions Putte | €72,939 | €39,989 | 95.1% | - |
| Michiels Consult Vosselaar | €69,616 | €39,111 | 69.9% | - |
| Rottier Corporate Solutions Mortsel | €73,504 | €39,025 | 72.6% | - |
These companies have the same main activity as AF PROJECTS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €69,600 and €84,500, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 15-12-2022Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.338.985.7442018 Antwerp, since 15-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 24-12-2025
Annual accounts 2025
- €39,973▲ 18.3%
- ≈ €120,000estimated
- €29,077▲ 123%
- €2,000▼ 94.9%
- €72,929▲ 41.7%
- Filing
- Filed on 27-02-2026, 154 days before the end of the filing period
Insights on AF PROJECTS
AF PROJECTS files the micro format. That format states no turnover. The gross margin rose from -€1,688 in 2022 to €39,973 in 2025.
The balance sheet grew most in 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 27-02-2026, 154 days before the deadline€39,973
▲ 18.3%
€37,891
▲ 114%
€29,077
▲ 123%
-€582
▼ €38,096
2.7%
▼ 73.5 percentage points
0.99
▼ 3.07
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €70,000 and €160,000.
Balance sheet
balance sheet total €72,929 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
2.7%
Higher than 11% of 39,376 companies in 2025.
0.99
Higher than 24% of 38,058 companies in 2025.
39.9%
Higher than 80% of 38,530 companies in 2025.
AF PROJECTS
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
72,929 | 51,480 | 63,648 | 4,084 | |
21/28 |
2,582 | 1,718 | 35,076 | 1,653 | |
22/27 |
2,582 | 1,718 | 35,076 | 1,653 | |
24 |
2,582 | 1,718 | 35,076 | 1,653 | |
29/58 |
70,347 | 49,762 | 28,572 | 2,431 | |
40/41 |
16,851 | 30,550 | 26,299 | 431 | |
40 |
15,560 | 30,550 | 23,165 | - | |
41 |
1,291 | - | 3,134 | 431 | |
54/58 |
41,358 | 3,367 | 1,385 | 2,000 | |
490/1 |
12,138 | 15,845 | 888 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
72,929 | 51,480 | 63,648 | 4,084 | |
10/15 |
2,000 | 39,231 | 26,192 | 312 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | |
13 |
- | 37,231 | 24,192 | - | |
133 |
- | 37,231 | 24,192 | - | |
14 |
- | - | - | -1,688 | |
17/49 |
70,929 | 12,249 | 37,456 | 3,772 | |
42/48 |
70,929 | 12,249 | 37,456 | 3,772 | |
44 |
1,686 | 1,440 | 1,411 | 3,613 | |
440/4 |
1,686 | 1,440 | 1,411 | 3,613 | |
45 |
14,820 | 10,809 | 7,019 | - | |
450/3 |
14,820 | 10,809 | 4,458 | - | |
454/9 |
- | - | 2,561 | - | |
47/48 |
54,423 | - | 29,027 | 159 | |
| Income statement | |||||
9900 |
39,973 | 33,788 | 35,793 | -1,688 | |
630 |
1,059 | 703 | 1,121 | - | |
640/8 |
1,023 | 15,346 | 109 | - | |
9901 |
37,891 | 17,739 | 34,563 | -1,688 | |
75/76B |
0 | 2 | - | - | |
75 |
0 | 2 | - | - | |
65/66B |
105 | 76 | 76 | - | |
65 |
105 | 76 | 76 | - | |
9903 |
37,785 | 17,665 | 34,487 | -1,688 | |
67/77 |
8,709 | 4,626 | 7,807 | - | |
9904 |
29,077 | 13,039 | 26,680 | -1,688 | |
9905 |
29,077 | 13,039 | 26,680 | -1,688 | |
| Appropriation of the result | |||||
9906 |
29,077 | 13,039 | 24,992 | -1,688 | |
14P |
- | - | -1,688 | - | |
791/2 |
37,231 | - | - | - | |
691/2 |
- | 13,039 | 24,192 | - | |
6921 |
- | 13,039 | 24,192 | - | |
694/7 |
66,308 | - | 800 | - | |
694 |
66,308 | - | 800 | - | |
| Document | |||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-02-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 38,950 | 18,442 | 35,684 | - | ||
| 30,136 | 13,742 | 27,802 | - | ||
| 1,924 | 1,145 | 34,545 | 1,653 | ||
| 37,991 | 1,982 | -615 | - | ||
| -582 | 37,514 | -8,884 | -1,341 | ||
| 2.7% | 76.2% | 41.2% | - | ||
| 0.99 | 4.06 | 0.76 | - | ||
| 35.46 | 0.31 | 1.43 | - | ||
| - | 33.2% | 101.9% | - | ||
| 39.9% | 25.3% | 41.9% | - | ||
| over 100 | over 100 | over 100 | - |
A ratio outside any meaningful range has been withheld (balance sheet total €72,929, equity €2,000).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,924 | €1,145 | €34,545 | €1,653 |
| €1,059 | €703 | €1,121 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on AF PROJECTS
The operating result for 2025 is 114% higher than in 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 23.8% to 97.3%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector
appointed by deed of 19-12-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 27-02-2026
Mandates through the years
1 name, the dashed line is todayDirector
Board
Mandates as a list
-
- Director, appointed by deed of 19-12-2022, still in office
Control
Founder
This company
AF PROJECTS
Equity €2,000
Profit €29,077 in 2025
Capital
- Contribution
- €2,000
- Shares
- 100
- Contribution per share
- €20
- Equity per share
- €20 in 2025
- Source
- deed of 19-12-2022
Articles of association
deed of 19-12-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 15 June at 15:00
Shareholders
At incorporation
deed of 19-12-2022 ↗
- 100 shares (100%) · €2,000
Network & group
No group
AF PROJECTS has no parent and no holdings in its annual accounts. is the only director. AF PROJECTS shares no director with another company.
Timeline
Timeline
10 events since 2022Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 154 days before the deadline
2025
Highest result from 2022 to 2025 net €29,077 ▲123% The operating result of €37,891 and the net result of €29,077 are both a record.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0794846506
Annual accounts 2024 filed PDFmicro format · 29 days late
2024
Liquidity more than 5 times current ratio 4.06 The current ratio rises from 0.76 to 4.06. Short-term debt falls from €37,456 to €12,249.
Annual accounts 2023 filed PDFmicro format · 30 days late
2023
Back to profit net €26,680 The net result is €26,680, after one loss-making year.
Annual accounts 2022 filed PDFmicro format · 41 days before the deadline
2022
IncorporationFounding capital of €2,000, 100 shares · Founder: · Appointment: (director) · published on 19-12-20223 points ▸
- Founder,
- Founding capital, €2,000, 100 shares
- Director appointment,
- The deed holds 1 more point.
First establishment Van Beethovenstraat 2, Antwerp
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0794.846.506
- VAT number
- BE 0794.846.506
- Peppol ID
- 0208:0794846506
- Other Peppol ID
- 9925:BE0794846506
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 15-12-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 15 June at 15:00deed of 19-12-2022 (in Dutch)
- Peppol
- Reachable since 24-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- AF PROJECTS in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 19-12-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Van Beethovenstraat 2, 2018 Antwerpen”deed of 19-12-2022 (in Dutch)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
64200
Holdings
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Van Beethovenstraat 2 registered office 2018 Antwerp | 15-12-2022 | 2.338.985.744 |
Buildings and parcels at the address
- Ground area
- 69 m²
- Buildings
- 74 m²
- Volume, LiDAR
- 578 m³
- Tallest building
- 11.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11806F1347/00T019 | 69 m² | 1 · 74 m² | 11.5 m · 3 |
Contact
E-mail
attila.futo@icloud.com