AFANG
ActiveSummary
AFANG has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €169k and a net result of €49k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 89% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 9.5 against 24.76 in 2024; short-term debt: 10.2% and cash: 94.8% of total assets), and 10.2% of the assets are financed with debt.
Credit check for your own amount and term
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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer 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
89.8%
Return on assets
26.3%
Age of the figures
9 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
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
13 d early
2023
on the day
2022
30 d late
2021
1 d late
2020
31 d early
2019
6 d early
← 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
€169k▲ 41.4%
2024 · €119k
2018: €167k
2019: €169k▲ +1.1% vs 2018
2020: €175k▲ +3.4% vs 2019highest in 8 years
2021: €103k▼ -41.3% vs 2020lowest in 8 years
2022: €108k▲ +5.3% vs 2021
2023: €161k▲ +48.2% vs 2022
2024: €119k▼ -25.6% vs 2023
2025: €169k▲ +41.4% vs 2024
2018 → 2025
Total assets
€188k▲ 51.3%
2024 · €124k
2018: €229khighest in 8 years
2019: €190k▼ -17.1% vs 2018
2020: €196k▲ +3.4% vs 2019
2021: €185k▼ -5.8% vs 2020
2022: €188k▲ +1.7% vs 2021
2023: €189k▲ +0.7% vs 2022
2024: €124k▼ -34.2% vs 2023lowest in 8 years
2025: €188k▲ +51.3% vs 2024
2018 → 2025
Net result
€49k▲ 20.8%
2024 · €41k
2018: €46k
2019: €2k▼ -95.9% vs 2018lowest in 8 years
2020: €6k▲ +210% vs 2019
2021: €5k▼ -13.8% vs 2020
2022: €5k▲ +8.3% vs 2021
2023: €52k▲ +859% vs 2022highest in 8 years
2024: €41k▼ -21.6% vs 2023
2025: €49k▲ +20.8% vs 2024
2018 → 2025
Working capital
€163k▲ 39.1%
2024 · €117k
2018: €167k
2019: €169k▲ +1.4% vs 2018
2020: €172k▲ +1.9% vs 2019highest in 8 years
2021: €98k▼ -43.2% vs 2020lowest in 8 years
2022: €102k▲ +4.0% vs 2021
2023: €156k▲ +53.6% vs 2022
2024: €117k▼ -24.8% vs 2023
2025: €163k▲ +39.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€103k-€108k▲ 5.3%€161k▲ 48.2%€119k▼ 25.6%€169k▲ 41.4%
2021: €103klowest in 5 years
2022: €108k▲ +5.3% vs 2021
2023: €161k▲ +48.2% vs 2022
2024: €119k▼ -25.6% vs 2023
2025: €169k▲ +41.4% vs 2024highest in 5 years
Operating result€8k-€8k▲ 3.2%€79k▲ 850%€60k▼ 23.8%€78k▲ 29.2%
2021: €8klowest in 5 years
2022: €8k▲ +3.2% vs 2021
2023: €79k▲ +850% vs 2022highest in 5 years
2024: €60k▼ -23.8% vs 2023
2025: €78k▲ +29.2% vs 2024
Net result€5k-€5k▲ 8.3%€52k▲ 859%€41k▼ 21.6%€49k▲ 20.8%
2021: €5klowest in 5 years
2022: €5k▲ +8.3% vs 2021
2023: €52k▲ +859% vs 2022highest in 5 years
2024: €41k▼ -21.6% vs 2023
2025: €49k▲ +20.8% 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 recovers in 2025; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188k
Fixed assets
€6k ▲ 185%
Current assets
€182k ▲ 49.1%
Equity and liabilities €188k
Equity
€169k ▲ 41.4%
Debt
€19k ▲ 289%
Debt's share of the balance-sheet total rises from 4.0% to 10.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€80k▲
2024 · €62k
Cash flow
€52k▲
2024 · €43k
Current ratio
9.50▼
2024 · 24.76
Debt to equity
0.11▲
2024 · 0.04
ROE
29.3%▼
2024 · 34.3%
ROA
26.3%▼
2024 · 32.9%
Interest coverage
1267.70▲
2024 · 672.58
Debt ≤ 1 year
€19k▲
2024 · €5k
Income taxes
€28k▲
2024 · €19k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€124k€188k▲
Fixed assets21/28€2k€6k▲
Tangible fixed assets22/27€2k€6k▲
Furniture and vehicles24€2k€6k▲
Current assets29/58€122k€182k▲
Amounts receivable within one year40/41€8k€4k▼
Trade receivables40€7k-
Other amounts receivable41€1k€4k▲
Cash at bank and in hand54/58€114k€178k▲
Equity and liabilities
Total equity and liabilities10/49€124k€188k▲
Equity10/15€119k€169k▲
Contributions10/11€6k€6k=
Reserves13€113k€163k▲
Distributable reserves133€113k€163k▲
Amounts payable17/49€5k€19k▲
Amounts payable within one year42/48€5k€19k▲
Financial debts43€799€2k▲
Credit institutions430/8€799€2k▲
Trade debts44€2k€215▼
Suppliers440/4€2k€215▼
Taxes, remuneration and social security45€2k€17k▲
Taxes450/3€2k€17k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€387€400▲
Gross operating margin9900€63k€80k▲
Operating profit (loss)9901€60k€78k▲
Financial income75/76B€278€28▼
Recurring financial income75€278€28▼
Financial charges65/66B€93€63▼
Recurring financial charges65€93€63▼
Profit (loss) for the period before taxes9903€60k€78k▲
Income taxes67/77€19k€28k▲
Profit (loss) for the period9904€41k€49k▲
Profit (loss) for the period to be appropriated9905€41k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€49k▲
Transfer from equity791/2€82k-
Transfer to equity691/2€41k€49k▲
To other reserves6921€41k€49k▲
Profit to be distributed694/7€82k-
Return on contributions (dividend)694€82k-
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €2k | €2k | €2k | ▼ 5.1% |
| Other operating charges640/8 | €348 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Non-recurring operating charges66A | €8k | - | - | - | - | - |
| Gross operating margin9900 | €18k | €10k | €82k | €63k | €80k | ▲ 27.7% |
| Operating profit (loss)9901 | €8k | €8k | €79k | €60k | €78k | ▲ 29.2% |
| Financial income75/76B | €100 | - | €1 | €278 | €28 | ▼ 90.1% |
| Recurring financial income75 | €100 | - | €1 | €278 | €28 | ▼ 90.1% |
| Financial charges65/66B | €156 | €151 | €149 | €93 | €63 | ▼ 32.2% |
| Recurring financial charges65 | €156 | €151 | €149 | €93 | €63 | ▼ 32.2% |
| Profit (loss) for the period before taxes9903 | €8k | €8k | €79k | €60k | €78k | ▲ 28.7% |
| Income taxes67/77 | €3k | €3k | €26k | €19k | €28k | ▲ 45.3% |
| Profit (loss) for the period9904 | €5k | €5k | €52k | €41k | €49k | ▲ 20.8% |
| Profit (loss) for the period to be appropriated9905 | €5k | €5k | €52k | €41k | €49k | ▲ 20.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €185k | €188k | €189k | €124k | €188k | ▲ 51.3% |
| Fixed assets21/28 | €5k | €7k | €4k | €2k | €6k | ▲ 185% |
| Tangible fixed assets22/27 | €5k | €7k | €4k | €2k | €6k | ▲ 185% |
| Furniture and vehicles24 | €5k | €7k | €4k | €2k | €6k | ▲ 185% |
| Current assets29/58 | €180k | €181k | €185k | €122k | €182k | ▲ 49.1% |
| Amounts receivable within one year40/41 | €4k | €10k | €2k | €8k | €4k | ▼ 48.0% |
| Trade receivables40 | - | €8k | - | €7k | - | - |
| Other amounts receivable41 | €4k | €2k | €2k | €1k | €4k | ▲ 310% |
| Cash at bank and in hand54/58 | €175k | €171k | €183k | €114k | €178k | ▲ 56.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €185k | €188k | €189k | €124k | €188k | ▲ 51.3% |
| Equity10/15 | €103k | €108k | €161k | €119k | €169k | ▲ 41.4% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €97k | €102k | €154k | €113k | €163k | ▲ 43.7% |
| Distributable reserves133 | €97k | €102k | €154k | €113k | €163k | ▲ 43.7% |
| Amounts payable17/49 | €82k | €79k | €28k | €5k | €19k | ▲ 289% |
| Amounts payable within one year42/48 | €82k | €79k | €28k | €5k | €19k | ▲ 289% |
| Financial debts43 | €139 | - | €128 | €799 | €2k | ▲ 91.7% |
| Credit institutions430/8 | €139 | - | €128 | €799 | €2k | ▲ 91.7% |
| Trade debts44 | €165 | €314 | €363 | €2k | €215 | ▼ 88.9% |
| Suppliers440/4 | €165 | €314 | €363 | €2k | €215 | ▼ 88.9% |
| Taxes, remuneration and social security45 | €3k | €3k | €28k | €2k | €17k | ▲ 694% |
| Taxes450/3 | €3k | €3k | €28k | €2k | €17k | ▲ 694% |
| Other amounts payable47/48 | €78k | €76k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €5k | €52k | €41k | €49k | ▲ 20.8% |
| + Depreciation and write-downs630 | €1k | €2k | €2k | €2k | €2k | ▼ 5.1% |
| Operating cash flow (approximation) | €6k | €7k | €55k | €43k | €52k | ▲ 19.4% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €0 | €-6k | - |
| Change in cash | - | €-4k | €12k | €-69k | €64k | ▲ 193% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150kEq €169k ▲41.4%
8 profitable years in a row build equity to €169k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 24.76
Current ratio from 6.51 to 24.76; short-term debt falls from €28k to €5k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €52k ▲859%
Operating result €79k, net result €52k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.51
Current ratio from 2.28 to 6.51; short-term debt falls from €79k to €28k.
31-12
Financial
Equity above €150kEq €161k ▲48.2%
6 profitable years in a row build equity to €161k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-09
Financial
Weakest financial yearnet €2k ▼95.9%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity triplescurrent ratio 9.36
Current ratio from 3.72 to 9.36; short-term debt falls from €61k to €20k.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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.
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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, Brussel · 1 establishment unit since 2007
Ground area
345 m²
Building footprint
141 m²
Volume, LiDAR
1,114 m³
Parcel 21815D0019/00K004, Brussels · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AFANG
since 20072.383.576.248
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0019/00K004 | Brussels | 344 m² | 1 · 141 m² | 11.1 m · 3 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 8,300 companies in sector 90201 we hold annual accounts for 602. 464 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
Founded23-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
82300Organisation of conventions and trade shows
Scores and ratios are computed by Checked and are not a credit decision.