Financials
- Fiscal year
- 2024
- Total assets
- €160,606
- Profit
- €3,134
- Solvency
- 68.0%
Total assets▼ 11.2%
Net result
20222024
AFBRACO
ActiveSummary
The computed 12-month bankruptcy probability of AFBRACO is 2.5% (moderate). The 2024 annual accounts show equity of €109,206 and a net result of €3,134. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 36399 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Demolition
NACE 43110
1 site
Size
€160,606total assets 2024
- Equity
- €109,206
- Profit
- €3,134
Turnover not published (abridged schema)
Structure
Accounts 66 d overdue0 of 2 deeds read
Why 53- Figures for FY 2024 (filed 30-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 56 days late; 1 of the last 3 late- Founded in 2021+ Liquidity: current ratio 2.18, cash €39,646Show the evidence
Checked score
Score 2024
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 55% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
93+9
equity 68.0% of total assets
Liquidity
67+18
short-term debt 32.0% · cash 24.7%
Profitability
71-21
return on assets 2.0%
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.9%
12-2024: 0.9%● 0.0% vs 11-2024
01-2025: 0.9%▼ -1.1% vs 12-2024
02-2025: 0.7%▼ -26.8% vs 01-2025
03-2025: 0.7%▼ -2.2% vs 02-2025lowest value
04-2025: 0.7%▲ +9.3% vs 03-2025
05-2025: 0.8%▲ +8.4% vs 04-2025
06-2025: 0.7%▼ -5.0% vs 05-2025
07-2025: 0.8%▲ +6.0% vs 06-2025
08-2025: 1.2%▲ +52.2% vs 07-2025
09-2025: 1.4%▲ +15.2% vs 08-2025
10-2025: 0.8%▼ -40.2% vs 09-2025
11-2025: 0.8%▲ +3.4% vs 10-2025
12-2025: 0.8%● 0.0% vs 11-2025
01-2026: 0.8%▼ -1.4% vs 12-2025
02-2026: 0.8%● 0.0% vs 01-2026
03-2026: 0.8%▼ -0.6% vs 02-2026
04-2026: 0.8%▲ +2.4% vs 03-2026
05-2026: 0.9%▲ +4.7% vs 04-2026
06-2026: 0.9%▲ +1.6% vs 05-2026
07-2026: 0.9%▲ +4.5% vs 06-2026
08-2026: 1.5%▲ +54.8% vs 07-2026
09-2026: 1.6%▲ +8.8% vs 08-2026
10-2026: 2.5%▲ +57.9% vs 09-2026highest value
- Figures for FY 2024 (filed 30-09-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 56 days late; 1 of the last 3 late raises the probability
- Liquidity: current ratio 2.18, cash €39,646 lowers the probability
- Founded in 2021 raises the probability for this profile
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.18 against 2.11 in 2023; short-term debt: 32% and cash: 24.7% of total assets), and 32% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 74%, liquidity 66%, profitability 40%, growth against the median 42%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
34 d early
2022
121 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet €3,134 ▼90.7%
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 5
- Since
- 2023
- 25-09-2025Annual accounts filed
- 31-12-2024Weakest financial year
- 27-06-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- DemolitionNACE 43110
- Founded
- 01-06-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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