AF TRADING
ActiveThe computed 12-month bankruptcy probability of AF TRADING is 8.0% (elevated). The 2022 annual accounts show negative equity (€-129k) and a net result of €-86k. Equity is shrinking by ~19.5% per year across the filed fiscal years. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2022
17
/ 100
Critical▼ -5 vs 2021
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2021
Profitability100▲+24
Solvency33▼-4
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
8.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022Age of the figures
Age of the figures
44 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline15-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 13-09-2023, 44 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
44 d late
2021
120 d late
2020
31 d late
2019
80 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€-129k▼ 199%
2021 · €-43k
2018: €-30k
2019: €-39k
2020: €-37k
2021: €-43k
2018 → 2022
Total assets
€3k▼ 96.8%
2021 · €91k
2018: €110k
2019: €109k
2020: €98k
2021: €91k
2018 → 2022
Net result
€-86k▼ 1,205%
2021 · €-7k
2018: €-14k
2019: €-9k
2020: €2k
2021: €-7k
2018 → 2022
Working capital
€-129k▼ 198%
2021 · €-43k
2018: €-30k
2019: €-39k
2020: €-37k
2021: €-43k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-30k-€-39k▼ 28.5%€-37k▲ 6.3%€-43k▼ 17.9%€-129k▼ 199%
Operating result€-13k-€-8k▲ 38.6%€3k€-7k€-86k▼ 1,216%
Net result€-14k-€-9k▲ 37.8%€2k€-7k€-86k▼ 1,205%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €86k in 2022 against €7k in 2021; the loss grows and 2022 is the lowest year so far.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €3k
Fixed assets
€90=
Current assets
€3k▼ 96.9%
Key figures and ratios
Debt
€132k▼
2021 · €134k
Debt ≤ 1 year
€132k▼
2021 · €134k
Staff costs
€92▼
2021 · €4k
Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€91k€3k▼
Fixed assets21/28€90€90=
Financial fixed assets28€90€90=
Current assets29/58€91k€3k▼
Amounts receivable within one year40/41€83k€265▼
Trade receivables40€83k€265▼
Other amounts receivable41€265-
Cash at bank and in hand54/58€8k€3k▼
Equity and liabilities
Total equity and liabilities10/49€91k€3k▼
Equity10/15€-43k€-129k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-51k€-137k▼
Amounts payable17/49€134k€132k▼
Amounts payable within one year42/48€134k€132k▼
Trade debts44€15k€15k=
Suppliers440/4€15k€15k=
Taxes, remuneration and social security45€48€48=
Remuneration and social security454/9€48€48=
Other amounts payable47/48€119k€117k▼
Income statement
Code20212022
Remuneration, social security and pensions62€4k€92▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€83k
Other operating charges640/8€348€1k▲
Gross operating margin9900€-2k€-1k▲
Operating profit (loss)9901€-7k€-86k▼
Financial charges65/66B€61€94▲
Recurring financial charges65€61€94▲
Profit (loss) for the period before taxes9903€-7k€-86k▼
Profit (loss) for the period9904€-7k€-86k▼
Profit (loss) for the period to be appropriated9905€-7k€-86k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-51k€-137k▼
Profit (loss) brought forward from the previous period14P€-45k€-51k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 44 days late
2022
31-12
Financial
Weakest financial yearnet €-86k
Net result drops to €-86k, the lowest in the series.
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 80 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
2015
26-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 148 days late
2014
30-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Brussel · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 541050 BrusselGround area
1,730 m²
Building footprint
1,391 m²
Volume, LiDAR
34,999 m³
2 parcels, Brussels, Flanders · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
TORNADE
since 20072.160.004.116
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 fl. |
| 22002B0132/00S000 | Flanders | 105 m² | 1 · 105 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-01-2007
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.