AFA GROUP
Open bankruptcyA bankruptcy procedure is open for AFA GROUP according to publications in the Belgian State Gazette; curator: PETER HECHTERMANS.
Summary
The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €86,891 and a net result of €35,235.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 4 April 2024
- Supervising judge
- Kris Seeuws
- Official Gazette
- 10-04-2024 (pdf) ↗search the document for 2024/114792
Deadlines
- Provisional date payments stopped
- 4 April 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 25 April 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 4 May 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 31 May 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 4 April 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Peter HechtermansJustitiestraat 27 Bus 12, 2018 Antwerpen 1peter@hechtrecht.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Repair and maintenance of machinery sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€86,891▲ 68.2%
2021 · €51,656
Total assets
€144,857▲ 44.6%
2021 · €100,192
Net result
€35,235▼ 1.0%
2021 · €35,586
Working capital
€68,585▲ 138%
2021 · €28,770
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202020212022
Operating result€17,946-€52,572▲ 193%€45,269▼ 13.9%
Net result€11,070-€35,586above the sector's middle half▲ 221%€35,235within the sector's middle half▼ 1.0%
Equity€16,070-€51,656within the sector's middle half▲ 221%€86,891within the sector's middle half▲ 68.2%
Total assets€71,795-€100,192within the sector's middle half▲ 39.6%€144,857within the sector's middle half▲ 44.6%
Debt€55,725-€48,536▼ 12.9%€57,966▲ 19.4%
Working capital-€9,970-€28,770within the sector's middle half€68,585within the sector's middle half▲ 138%
Solvency22.4%-51.6%within the sector's middle half▲ 29.2pp60.0%within the sector's middle half▲ 8.4pp
Current ratio0.75-1.75within the sector's middle half▲ 1.002.30within the sector's middle half▲ 0.55
Return on assets (ROA)15.4%-35.5%above the sector's middle half▲ 20.1pp24.3%above the sector's middle half▼ 11.2pp
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 14% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €144,857
Fixed assets
€23,406 ▼ 29.3%
Current assets
€121,451 ▲ 81.0%
Equity and liabilities €144,857
Equity
€86,891 ▲ 68.2%
Debt
€57,966 ▲ 19.4%
Debt's share of the balance-sheet total falls from 48.4% to 40.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€54,948▼
2021 · €62,194
Cash flow
€44,915▼
2021 · €45,209
Debt to equity
0.67▼
2021 · 0.94
ROE
40.6%▼
2021 · 68.9%
Interest coverage
64.90▲
2021 · 13.17
Debt ≤ 1 year
€52,866▲
2021 · €38,336
Debt > 1 year
€5,100▼
2021 · €10,200
Income taxes
€13,126▲
2021 · €12,263
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,566 | €9,623 | €9,679 | ▲ 0.6% |
| Other operating charges640/8 | - | €981 | €1,429 | ▲ 45.7% |
| Gross operating margin9900 | €24,385 | €63,175 | €56,377 | ▼ 10.8% |
| Operating profit (loss)9901 | €17,946 | €52,572 | €45,269 | ▼ 13.9% |
| Financial income75/76B | - | - | €3,939 | - |
| Recurring financial income75 | €0 | - | €3,939 | - |
| Financial charges65/66B | - | €4,723 | €847 | ▼ 82.1% |
| Recurring financial charges65 | €1,411 | €4,723 | €847 | ▼ 82.1% |
| Profit (loss) for the period before taxes9903 | €16,535 | €47,849 | €48,361 | ▲ 1.1% |
| Income taxes67/77 | €5,465 | €12,263 | €13,126 | ▲ 7.0% |
| Profit (loss) for the period9904 | €11,070 | €35,586 | €35,235 | ▼ 1.0% |
| Profit (loss) for the period to be appropriated9905 | €11,070 | €35,586 | €35,235 | ▼ 1.0% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €71,795 | €100,192 | €144,857 | ▲ 44.6% |
| Formation expenses20 | €0 | - | - | - |
| Fixed assets21/28 | €41,339 | €33,086 | €23,406 | ▼ 29.3% |
| Intangible fixed assets21 | €0 | - | - | - |
| Tangible fixed assets22/27 | €41,339 | €33,086 | €23,406 | ▼ 29.3% |
| Plant, machinery and equipment23 | - | €1,178 | €617 | ▼ 47.6% |
| Furniture and vehicles24 | - | €31,908 | €22,790 | ▼ 28.6% |
| Financial fixed assets28 | €0 | - | - | - |
| Current assets29/58 | €30,455 | €67,106 | €121,451 | ▲ 81.0% |
| Stocks and contracts in progress3 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €30,455 | €65,237 | €121,330 | ▲ 86.0% |
| Trade receivables40 | - | €25,992 | €39,001 | ▲ 50.1% |
| Other amounts receivable41 | - | €39,245 | €82,329 | ▲ 110% |
| Current investments50/53 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €0 | - | - | - |
| Deferred charges and accrued income490/1 | - | €1,869 | €121 | ▼ 93.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €71,795 | €100,192 | €144,857 | ▲ 44.6% |
| Equity10/15 | €16,070 | €51,656 | €86,891 | ▲ 68.2% |
| Contributions10/11 | - | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €11,070 | €46,656 | €81,891 | ▲ 75.5% |
| Amounts payable17/49 | €55,725 | €48,536 | €57,966 | ▲ 19.4% |
| Amounts payable after more than one year17 | €15,299 | €10,200 | €5,100 | ▼ 50.0% |
| Financial debts170/4 | - | €10,200 | €5,100 | ▼ 50.0% |
| Amounts payable within one year42/48 | €40,426 | €38,336 | €52,866 | ▲ 37.9% |
| Current portion of amounts payable after more than one year42 | - | €5,525 | €6,375 | ▲ 15.4% |
| Financial debts43 | - | €6,078 | €5,017 | ▼ 17.4% |
| Credit institutions430/8 | - | €6,078 | €5,017 | ▼ 17.4% |
| Trade debts44 | €22,330 | €9,006 | €14,620 | ▲ 62.3% |
| Suppliers440/4 | - | €9,006 | €14,620 | ▲ 62.3% |
| Taxes, remuneration and social security45 | - | €17,728 | €26,854 | ▲ 51.5% |
| Taxes450/3 | - | €17,728 | €26,854 | ▲ 51.5% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,070 | €35,586 | €35,235 | ▼ 1.0% |
| + Depreciation and write-downs630 | €4,566 | €9,623 | €9,679 | ▲ 0.6% |
| Operating cash flow (approximation) | €15,636 | €45,209 | €44,915 | ▼ 0.7% |
| Investment in fixed assets (approximation) | - | -€1,369 | €0 | ▲ 100% |
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
2024
03-05
KBO administration
Address struck
event 21-03-2024
10-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 04-04-2024
08-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 192 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 557 days late
2021
31-12
Financial
Highest result since 2020net €35,586 ▲221%
Operating result €52,572, net result €35,586, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.75
Current ratio from 0.75 to 1.75; short-term debt falls from €40,426 to €38,336.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Wommelgem · 1 establishment unit since 2019
Ground area
1.0 ha
Building footprint
2,289 m²
Volume, LiDAR
25,507 m³
Parcel 11052C0585/00T002, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
278
companies at this address
See who is registered here
1 establishment unit
AFA GROUP
since 20192.292.029.331
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0585/00T002 | Flanders | 1.0 ha | 1 · 2,288 m² | 14.7 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PETER HECHTERMANS JUSTITIESTRAAT 27 BUS 12,
2018 ANTWERPEN 1 |
04-04-2024 → present |
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Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 1,117 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
Founded26-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.