AF spin world
ActiveSummary
AF spin world has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €370k and a net result of €97k. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 37% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-8
Solvency68=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.81 in 2024; short-term debt: 31.7% and cash: 17.9% of total assets), but 56.5% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.5%
Return on assets
11.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
28 d late
2023
28 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€370k▲ 9.6%
2024 · €337k
Total assets
€850k▲ 9.2%
2024 · €778k
Net result
€97k▲ 30.3%
2024 · €75k
Working capital
€170k▲ 4.9%
2024 · €162k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€84k▲ 72.9%€90k▲ 6.5%€106k▲ 18.6%€144k▲ 35.4%€221k▲ 54.0%
Net result€46k▲ 59.2%€57k▲ 22.9%€70k▲ 23.3%€75k▲ 7.0%€97k▲ 30.3%
Equity€149k▲ 16.4%€201k▲ 34.6%€268k▲ 33.2%€337k▲ 26.0%€370k▲ 9.6%
Total assets€616k▲ 32.1%€628k▲ 2.0%€662k▲ 5.3%€778k▲ 17.6%€850k▲ 9.2%
Debt€466k▲ 38.0%€427k▼ 8.4%€394k▼ 7.8%€441k▲ 11.9%€480k▲ 8.9%
Working capital€46k▼ 25.3%€55k▲ 19.0%€110k▲ 99.8%€162k▲ 47.7%€170k▲ 4.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 54% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €850k
Fixed assets
€411k ▼ 1.5%
Current assets
€439k ▲ 21.4%
Equity and liabilities €850k
Equity
€370k ▲ 9.6%
Debt
€480k ▲ 8.9%
Debt's share of the balance-sheet total falls from 56.7% to 56.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€244k▲
2024 · €165k
Cash flow
€120k▲
2024 · €96k
Current ratio
1.63▼
2024 · 1.81
Debt to equity
1.30▼
2024 · 1.31
ROE
26.3%▲
2024 · 22.1%
ROA
11.4%▲
2024 · 9.6%
Interest coverage
3.02▼
2024 · 4.28
Debt ≤ 1 year
€269k▲
2024 · €199k
Debt > 1 year
€211k▼
2024 · €242k
Income taxes
€44k▲
2024 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38k | €23k | €22k | €21k | €23k | ▲ 6.6% |
| Other operating charges640/8 | €3k | €5k | €5k | €4k | €5k | ▲ 29.5% |
| Non-recurring operating charges66A | €75 | €95 | - | €63 | €63 | ▲ 0.5% |
| Gross operating margin9900 | €125k | €118k | €134k | €169k | €249k | ▲ 47.4% |
| Operating profit (loss)9901 | €84k | €90k | €106k | €144k | €221k | ▲ 54.0% |
| Financial income75/76B | - | €15 | €49 | €154 | €377 | ▲ 144% |
| Recurring financial income75 | - | €15 | €49 | €154 | €377 | ▲ 144% |
| Financial charges65/66B | €26k | €7k | €6k | €39k | €81k | ▲ 110% |
| Recurring financial charges65 | €26k | €7k | €6k | €39k | €81k | ▲ 110% |
| Profit (loss) for the period before taxes9903 | €58k | €83k | €100k | €105k | €141k | ▲ 33.8% |
| Income taxes67/77 | €12k | €26k | €30k | €31k | €44k | ▲ 42.3% |
| Profit (loss) for the period9904 | €46k | €57k | €70k | €75k | €97k | ▲ 30.3% |
| Profit (loss) for the period to be appropriated9905 | €46k | €57k | €70k | €75k | €97k | ▲ 30.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €616k | €628k | €662k | €778k | €850k | ▲ 9.2% |
| Fixed assets21/28 | €439k | €447k | €429k | €417k | €411k | ▼ 1.5% |
| Tangible fixed assets22/27 | €439k | €447k | €429k | €417k | €411k | ▼ 1.5% |
| Land and buildings22 | €413k | €400k | €387k | €374k | €362k | ▼ 3.4% |
| Plant, machinery and equipment23 | €18k | €42k | €41k | €35k | €29k | ▼ 17.4% |
| Furniture and vehicles24 | €8k | €5k | €2k | €8k | €20k | ▲ 165% |
| Current assets29/58 | €177k | €181k | €232k | €362k | €439k | ▲ 21.4% |
| Amounts receivable within one year40/41 | €159k | €160k | €209k | €230k | €273k | ▲ 18.9% |
| Trade receivables40 | €51k | €38k | €54k | €50k | €106k | ▲ 113% |
| Other amounts receivable41 | €108k | €122k | €154k | €180k | €167k | ▼ 7.2% |
| Cash at bank and in hand54/58 | €18k | €21k | €24k | €131k | €152k | ▲ 15.6% |
| Deferred charges and accrued income490/1 | €95 | - | - | €642 | €14k | ▲ 2,110% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €616k | €628k | €662k | €778k | €850k | ▲ 9.2% |
| Equity10/15 | €149k | €201k | €268k | €337k | €370k | ▲ 9.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €140k | €190k | €252k | €317k | €337k | ▲ 6.3% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €138k | €188k | €250k | €315k | €335k | ▲ 6.3% |
| Profit (loss) carried forward14 | €3k | €5k | €10k | €14k | €26k | ▲ 86.1% |
| Amounts payable17/49 | €466k | €427k | €394k | €441k | €480k | ▲ 8.9% |
| Amounts payable after more than one year17 | €335k | €301k | €272k | €242k | €211k | ▼ 12.6% |
| Financial debts170/4 | €335k | €301k | €272k | €242k | €211k | ▼ 12.6% |
| Amounts payable within one year42/48 | €131k | €126k | €123k | €199k | €269k | ▲ 34.9% |
| Current portion of amounts payable after more than one year42 | €47k | €34k | €29k | €34k | €30k | ▼ 9.4% |
| Trade debts44 | €19k | €30k | €21k | €60k | €87k | ▲ 44.6% |
| Suppliers440/4 | €19k | €30k | €21k | €60k | €87k | ▲ 44.6% |
| Taxes, remuneration and social security45 | €39k | €57k | €69k | €101k | €87k | ▼ 14.0% |
| Taxes450/3 | €39k | €57k | €69k | €101k | €87k | ▼ 14.0% |
| Other amounts payable47/48 | €25k | €5k | €3k | €5k | €65k | ▲ 1,200% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €57k | €70k | €75k | €97k | ▲ 30.3% |
| + Depreciation and write-downs630 | €38k | €23k | €22k | €21k | €23k | ▲ 6.6% |
| Operating cash flow (approximation) | €84k | €80k | €92k | €96k | €120k | ▲ 25.0% |
| Investment in fixed assets (approximation) | - | €-32k | €-5k | €-9k | €-17k | ▼ 91.4% |
| Change in cash | - | €3k | €2k | €108k | €20k | ▼ 81.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €97k ▲30.3%
Operating result €221k, net result €97k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €200kEq €201k ▲34.6%
5 profitable years in a row build equity to €201k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €100kEq €128k ▲29.1%
3 profitable years in a row build equity to €128k.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Ukkel · 1 establishment unit since 2006
Ground area
229 m²
Building footprint
158 m²
Volume, LiDAR
2,637 m³
Parcel 21612C0056/02Y062, Brussels · tallest building 21.0 m, ±6 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Ernest Gossartstraat 27, 1180 Ukkel
since 20062.158.002.649
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0056/02Y062 | Brussels | 229 m² | 1 · 158 m² | 21.0 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900PRKW7M7RQGZU56
Similar companies · same sector, comparable size
BETWEEN 9 AND 5
BE 0890.089.816
Schaarbeek · Eq €370,581
YUCCA POWER
BE 0729.829.582
Stekene · Eq €370,797
BYTEFLIES
BE 0628.669.272
Antwerpen · Eq €371,346
TERADATA BELGIUM VOF
BE 0890.050.917
Brussel · Eq €367,369
ELIMITY
BE 0673.876.618
Mechelen · Eq €372,100
Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,195 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.