AFAIR
ActiveSummary
The computed 12-month bankruptcy probability of AFAIR is 1.8% (moderate). The 2025 annual accounts show equity of €28,066 and a net result of €15,484. Equity is growing by ~74.2% per year across the filed fiscal years. Its solvency ranks better than 76% of 18537 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency90▲+8
Growth78=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.29 against 2.3 in 2024; short-term debt: 35% and cash: 26.3% of total assets), and 35% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
65%
Return on assets
35.9%
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 19-08-2026, 19 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 · 4 filingsDeviation from the deadline
2025
19 d late
2024
57 d late
2023
65 d late
2022
57 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 50 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€28,066▲ 123%
2024 · €12,582
Total assets
€43,175▲ 94.0%
2024 · €22,261
Net result
€15,484▲ 67.6%
2024 · €9,238
Working capital
€19,546▲ 55.4%
2024 · €12,582
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
Line2022202320242025
Operating result€10,184--€7,213€10,811€22,920▲ 112%
Net result€7,415--€7,821€9,238€15,484▲ 67.6%
Equity€11,165-€3,344▼ 70.0%€12,582▲ 276%€28,066▲ 123%
Total assets€25,000-€13,097▼ 47.6%€22,261▲ 70.0%€43,175▲ 94.0%
Debt€13,835-€9,753▼ 29.5%€9,679▼ 0.8%€15,109▲ 56.1%
Working capital€11,165-€3,344▼ 70.0%€12,582▲ 276%€19,546▲ 55.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 112% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43,175
Fixed assets
€8,520
Current assets
€34,656
Equity and liabilities €43,175
Equity
€28,066 ▲ 123%
Debt
€15,109 ▲ 56.1%
Debt's share of the balance-sheet total falls from 43.5% to 35.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24,229
Cash flow
€16,794
Current ratio
2.29▼
2024 · 2.30
Debt to equity
0.54▼
2024 · 0.77
ROE
55.2%▼
2024 · 73.4%
ROA
35.9%▼
2024 · 41.5%
Interest coverage
12.73
Debt ≤ 1 year
€15,109▲
2024 · €9,679
Income taxes
€5,532▲
2024 · €1,300
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,960 | - | - | €1,309 | - |
| Other operating charges640/8 | - | €359 | €828 | €1,131 | ▲ 36.6% |
| Gross operating margin9900 | €12,144 | -€6,854 | €11,639 | €25,361 | ▲ 118% |
| Operating profit (loss)9901 | €10,184 | -€7,213 | €10,811 | €22,920 | ▲ 112% |
| Financial income75/76B | €52 | €10 | - | €0 | - |
| Recurring financial income75 | €52 | €10 | - | €0 | - |
| Financial charges65/66B | €1,021 | €533 | €273 | €1,904 | ▲ 597% |
| Recurring financial charges65 | €1,021 | €533 | €273 | €1,904 | ▲ 597% |
| Profit (loss) for the period before taxes9903 | €9,215 | -€7,736 | €10,538 | €21,017 | ▲ 99.4% |
| Income taxes67/77 | €1,800 | €85 | €1,300 | €5,532 | ▲ 326% |
| Profit (loss) for the period9904 | €7,415 | -€7,821 | €9,238 | €15,484 | ▲ 67.6% |
| Profit (loss) for the period to be appropriated9905 | €7,415 | -€7,821 | €9,238 | €15,484 | ▲ 67.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €25,000 | €13,097 | €22,261 | €43,175 | ▲ 94.0% |
| Fixed assets21/28 | - | - | - | €8,520 | - |
| Tangible fixed assets22/27 | - | - | - | €8,520 | - |
| Furniture and vehicles24 | - | - | - | €8,520 | - |
| Current assets29/58 | €25,000 | €13,097 | €22,261 | €34,656 | ▲ 55.7% |
| Stocks and contracts in progress3 | - | €885 | - | - | - |
| Stocks30/36 | - | €885 | - | - | - |
| Amounts receivable within one year40/41 | €7,315 | €10,041 | €14,774 | €22,250 | ▲ 50.6% |
| Trade receivables40 | €7,290 | €7,937 | €14,774 | €22,250 | ▲ 50.6% |
| Other amounts receivable41 | €25 | €2,104 | - | - | - |
| Cash at bank and in hand54/58 | €17,685 | €2,171 | €7,487 | €11,362 | ▲ 51.8% |
| Deferred charges and accrued income490/1 | - | - | - | €1,044 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €25,000 | €13,097 | €22,261 | €43,175 | ▲ 94.0% |
| Equity10/15 | €11,165 | €3,344 | €12,582 | €28,066 | ▲ 123% |
| Contributions10/11 | €3,750 | €3,750 | €3,750 | €3,750 | = |
| Reserves13 | €7,000 | - | €8,000 | €24,000 | ▲ 200% |
| Distributable reserves133 | €7,000 | - | €8,000 | €24,000 | ▲ 200% |
| Profit (loss) carried forward14 | €415 | -€406 | €832 | €316 | ▼ 62.0% |
| Amounts payable17/49 | €13,835 | €9,753 | €9,679 | €15,109 | ▲ 56.1% |
| Amounts payable within one year42/48 | €13,835 | €9,753 | €9,679 | €15,109 | ▲ 56.1% |
| Financial debts43 | - | - | - | €9 | - |
| Credit institutions430/8 | - | - | - | €9 | - |
| Trade debts44 | €8,345 | €4,943 | €2,526 | €1,919 | ▼ 24.0% |
| Suppliers440/4 | €8,345 | €4,943 | €2,526 | €1,919 | ▼ 24.0% |
| Advances received on contracts in progress46 | - | €2,907 | - | - | - |
| Taxes, remuneration and social security45 | €5,210 | €1,885 | €7,148 | €9,858 | ▲ 37.9% |
| Taxes450/3 | €5,210 | €1,885 | €7,148 | €9,858 | ▲ 37.9% |
| Other amounts payable47/48 | €280 | €18 | €5 | €3,324 | ▲ 66,372% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,415 | -€7,821 | €9,238 | €15,484 | ▲ 67.6% |
| + Depreciation and write-downs630 | €1,960 | - | - | €1,309 | - |
| Operating cash flow (approximation) | €9,375 | -€7,821 | €9,238 | €16,794 | ▲ 81.8% |
| Change in cash | - | -€15,514 | €5,316 | €3,875 | ▼ 27.1% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Highest result since 2022net €15,484 ▲67.6%
Operating result €22,920, net result €15,484, both a record.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Back to profitnet €9,238
Net result €9,238 after one loss-making year.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Weakest financial yearnet -€7,821
Net result drops to -€7,821, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
Financial 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, Ciney · 1 establishment unit since 2021
Ground area
1,205 m²
Building footprint
170 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
AFAIR
since 20212.326.122.059
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030B0258/00L003 | Wallonia | 1,026 m² | 1 · 119 m² | - |
| 91030A0349/00X035 | Wallonia | 179 m² | 1 · 51 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ZELISE
BE 0684.767.243
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Safi Partners
BE 1002.975.050
Antwerpen · Eq €26,399
"WORKWEAR A-M-S"
BE 0675.948.755
Sint-Jans-Molenbeek · Eq €25,762
Inci Mode
BE 0691.960.584
Gent · Eq €31,011
HORSEFUELS
BE 0479.142.584
Torhout · Eq €24,789
Of 262 companies in sector 47511 we hold annual accounts for 98. 79 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
Founded28-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47511Retail trade
47120Other non-specialised retail sale
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0779418754
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.