AF-T
ActiveSummary
AF-T has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65k and a net result of €3k. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 66% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+60
Solvency86▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.52 against 2.04 in 2024; short-term debt: 38.7% and cash: 20.8% of total assets), and 38.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
61.3%
Return on assets
2.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
14 d late
2024
29 d late
2023
9 d late
2022
11 d late
2021
30 d late
2020
31 d late
2019
43 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
Turnover
€252k
EBIT margin
8.4%
Net result
€3k
2024 · €-23k
2018: €17
2019: €12k▲ +69153% vs 2018
2020: €11k▼ -8.1% vs 2019
2021: €10k▼ -7.8% vs 2020
2022: €20k▲ +104% vs 2021highest in 8 years
2023: €19k▼ -4.6% vs 2022
2024: €-23k▼ -217% vs 2023lowest in 8 years
2025: €3k▲ +113% vs 2024
2018 → 2025
Working capital
€62k▲ 10.2%
2024 · €56k
2018: €-106lowest in 8 years
2019: €11k▲ +10152% vs 2018
2020: €24k▲ +122% vs 2019
2021: €37k▲ +56.4% vs 2020
2022: €58k▲ +57.4% vs 2021
2023: €78k▲ +34.4% vs 2022highest in 8 years
2024: €56k▼ -28.2% vs 2023
2025: €62k▲ +10.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€252k-
Equity€47k-€65k▲ 38.9%€84k▲ 29.7%€62k▼ 26.8%€65k▲ 4.8%
2021: €47klowest in 5 years
2022: €65k▲ +38.9% vs 2021
2023: €84k▲ +29.7% vs 2022highest in 5 years
2024: €62k▼ -26.8% vs 2023
2025: €65k▲ +4.8% vs 2024
Operating result€21k-€29k▲ 36.5%€25k▼ 14.5%€-23k€3k
2021: €21k
2022: €29k▲ +36.5% vs 2021highest in 5 years
2023: €25k▼ -14.5% vs 2022
2024: €-23k▼ -195% vs 2023lowest in 5 years
2025: €3k▲ +114% vs 2024
Net result€10k-€20k▲ 104%€19k▼ 4.6%€-23k€3k
2021: €10k
2022: €20k▲ +104% vs 2021highest in 5 years
2023: €19k▼ -4.6% vs 2022
2024: €-23k▼ -217% vs 2023lowest in 5 years
2025: €3k▲ +113% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €23k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105k
Fixed assets
€3k ▼ 50.7%
Current assets
€103k ▼ 6.9%
Equity and liabilities €105k
Equity
€65k ▲ 4.8%
Debt
€41k ▼ 24.7%
Debt's share of the balance-sheet total falls from 46.8% to 38.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6k▲
2024 · €-21k
Cash flow
€6k▲
2024 · €-20k
Current ratio
2.52▲
2024 · 2.04
Debt to equity
0.63▼
2024 · 0.88
ROE
4.6%▲
2024 · -36.6%
ROA
2.8%▲
2024 · -19.5%
Interest coverage
4.50▲
2024 · -28.04
Debt ≤ 1 year
€41k▼
2024 · €54k
Income taxes
€132▲
2024 · €128
Staff costs
€104k▲
2024 · €103k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€116k€105k▼
Fixed assets21/28€6k€3k▼
Intangible fixed assets21€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€444€221▼
Current assets29/58€110k€103k▼
Stocks and contracts in progress3€6k€0▼
Contracts in progress37€6k€0▼
Amounts receivable within one year40/41€81k€79k▼
Trade receivables40€48k€52k▲
Other amounts receivable41€33k€27k▼
Cash at bank and in hand54/58€20k€22k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€116k€105k▼
Equity10/15€62k€65k▲
Contributions10/11€6k€6k=
Reserves13€58k€58k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€58k€58k=
Profit (loss) carried forward14€-3k€259▲
Amounts payable17/49€54k€41k▼
Amounts payable within one year42/48€54k€41k▼
Trade debts44€43k€30k▼
Suppliers440/4€43k€30k▼
Taxes, remuneration and social security45€12k€10k▼
Taxes450/3€4k€2k▼
Remuneration and social security454/9€8k€9k▲
Income statement
Code20242025
Remuneration, social security and pensions62€103k€104k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€84k€115k▲
Operating profit (loss)9901€-23k€3k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€755€1k▲
Recurring financial charges65€755€1k▲
Profit (loss) for the period before taxes9903€-22k€3k▲
Income taxes67/77€128€132▲
Profit (loss) for the period9904€-23k€3k▲
Profit (loss) for the period to be appropriated9905€-23k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€259▲
Profit (loss) brought forward from the previous period14P-€-3k
Transfer from equity791/2€20k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €252k | - | - | - | - | - |
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €158k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €90k | €85k | €97k | €103k | €104k | ▲ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €3k | €3k | €2k | €3k | ▲ 22.9% |
| Other operating charges640/8 | €2k | €1k | €1k | €3k | €5k | ▲ 104% |
| Gross operating margin9900 | €121k | €118k | €126k | €84k | €115k | ▲ 37.4% |
| Operating profit (loss)9901 | €21k | €29k | €25k | €-23k | €3k | ▲ 114% |
| Financial income75/76B | €202 | €12 | €79 | €2k | €1k | ▼ 32.0% |
| Recurring financial income75 | €202 | €12 | €79 | €2k | €1k | ▼ 32.0% |
| Financial charges65/66B | €2k | €651 | €921 | €755 | €1k | ▲ 76.4% |
| Recurring financial charges65 | €2k | €651 | €921 | €755 | €1k | ▲ 76.4% |
| Profit (loss) for the period before taxes9903 | €19k | €28k | €24k | €-22k | €3k | ▲ 114% |
| Income taxes67/77 | €9k | €8k | €5k | €128 | €132 | ▲ 3.1% |
| Profit (loss) for the period9904 | €10k | €20k | €19k | €-23k | €3k | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | €10k | €20k | €19k | €-23k | €3k | ▲ 113% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128k | €126k | €150k | €116k | €105k | ▼ 9.0% |
| Fixed assets21/28 | €10k | €7k | €6k | €6k | €3k | ▼ 50.7% |
| Intangible fixed assets21 | €7k | €5k | €4k | €3k | €1k | ▼ 52.2% |
| Tangible fixed assets22/27 | €3k | €1k | €2k | €3k | €1k | ▼ 49.3% |
| Plant, machinery and equipment23 | €602 | €148 | €1k | €2k | €1k | ▼ 49.1% |
| Furniture and vehicles24 | €2k | €1k | €667 | €444 | €221 | ▼ 50.2% |
| Current assets29/58 | €118k | €119k | €144k | €110k | €103k | ▼ 6.9% |
| Stocks and contracts in progress3 | €21k | €15k | €31k | €6k | €0 | ▼ 100% |
| Contracts in progress37 | €21k | €15k | €31k | €6k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €77k | €94k | €92k | €81k | €79k | ▼ 2.8% |
| Trade receivables40 | €43k | €68k | €55k | €48k | €52k | ▲ 8.4% |
| Other amounts receivable41 | €33k | €26k | €37k | €33k | €27k | ▼ 19.2% |
| Cash at bank and in hand54/58 | €20k | €8k | €20k | €20k | €22k | ▲ 8.6% |
| Deferred charges and accrued income490/1 | €52 | €1k | €687 | €3k | €2k | ▼ 27.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128k | €126k | €150k | €116k | €105k | ▼ 9.0% |
| Equity10/15 | €47k | €65k | €84k | €62k | €65k | ▲ 4.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €41k | €59k | €78k | €58k | €58k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | €39k | €57k | €76k | €58k | €58k | = |
| Profit (loss) carried forward14 | - | €0 | €0 | €-3k | €259 | ▲ 110% |
| Amounts payable17/49 | €81k | €61k | €66k | €54k | €41k | ▼ 24.7% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €81k | €61k | €66k | €54k | €41k | ▼ 24.7% |
| Current portion of amounts payable after more than one year42 | €5k | €0 | - | - | - | - |
| Trade debts44 | €55k | €39k | €48k | €43k | €30k | ▼ 28.7% |
| Suppliers440/4 | €55k | €39k | €48k | €43k | €30k | ▼ 28.7% |
| Taxes, remuneration and social security45 | €22k | €20k | €18k | €12k | €10k | ▼ 10.3% |
| Taxes450/3 | €12k | €13k | €11k | €4k | €2k | ▼ 52.6% |
| Remuneration and social security454/9 | €10k | €7k | €6k | €8k | €9k | ▲ 9.8% |
| Other amounts payable47/48 | - | €2k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €20k | €19k | €-23k | €3k | ▲ 113% |
| + Depreciation and write-downs630 | €8k | €3k | €3k | €2k | €3k | ▲ 22.9% |
| Operating cash flow (approximation) | €18k | €23k | €22k | €-20k | €6k | ▲ 128% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-12k | €12k | €-163 | €2k | ▲ 1,164% |
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
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Highest result since 2018net €20k ▲104%
Operating result €29k, net result €20k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
12-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 43 days late
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Brugge · 1 establishment unit since 2017
Ground area
298 m²
Building footprint
118 m²
Volume, LiDAR
550 m³
Parcel 31812P0025/00V018, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AF-T
since 20172.263.431.157
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31812P0025/00V018 | Flanders | 298 m² | 1 · 118 m² | 8.3 m · 2 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.
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Of 3,961 companies in sector 43331 we hold annual accounts for 1,788. 1,554 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
Founded30-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
Scores and ratios are computed by Checked and are not a credit decision.