AFC-Collection
ActiveSummary
The computed 12-month bankruptcy probability of AFC-Collection is 7.5% (elevated). The 2024 annual accounts show negative equity (-€280,981) and a net result of -€290,562. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 9085 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Agents in the wholesale of furniture, household goods and hardware
NACE 46150NACE 74104Interior design NACE 74130
4 sites
How big
€1.6mtotal assets 2024
- Staff
- 7.9 FTE
- Equity
- -€280,981
- Loss
- -€290,562
Who decides
- Largest shareholder
- Audjo · 50%
Accounts 62 d overdue0 of 4 deeds read
Why 15- Multiple establishment units- Limited track record- Higher-failure-rate region- Annual accounts: weaker financial profile- Higher-failure-rate sector- Negative equity- Filed more than 90 days lateShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-6
Solvency8▼-18
Growth32=
Track record100
Bankruptcy probability, 12 months
7.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.18 against 1.59 in 2023; short-term debt: 65.7% and cash: 0.8% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk
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 · 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 2024Solvency, return and age of the figures
Solvency
-17.4%
Return on assets
-18%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€280,981
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-12-2025, 123 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
123 d late
2023
89 d late
2022
71 d late
2021
30 d late
2020
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 69 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · abbreviated…
- Weakest financial yearnet -€290,562
- Annual accounts filedfiscal year 2023 · abbreviated…
Financials
Fiscal year 2024Total assets €1.6mLoss -€290,562Solvency -17.4%Liquidity 1.18
Total assets
€1.6m▲ 10.6%
2020 - 2024
Net result
-€290,562▼ 96.8%
2020 - 2024
Equity
-€280,981
2020 - 2024
Staff (FTE)
7.9▼ 1.3%
2020 - 2024
Financials · fiscal year 2024, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€0.01m-€0.05m-€0.2m-€0.2m▲ 7.3%-€0.3m▼ 73.8%
Net result-€0.02mbelow the sector's middle half-€0.04mabove the sector's middle half-€0.2mbelow the sector's middle half-€0.1mbelow the sector's middle half▲ 13.4%-€0.3mbelow the sector's middle half▼ 96.8%
Equity€0.04mbelow the sector's middle half-€0.08mwithin the sector's middle half▲ 115%€0.2mwithin the sector's middle half▲ 102%€0.01mbelow the sector's middle half▼ 93.9%-€0.3mbelow the sector's middle half
Total assets€0.4mbelow the sector's middle half-€0.6mabove the sector's middle half▲ 56.1%€1.3mabove the sector's middle half▲ 112%€1.5mwithin the sector's middle half▲ 13.7%€1.6mwithin the sector's middle half▲ 10.6%
Debt€0.4m-€0.5m▲ 50.0%€1.1m▲ 114%€1.4m▲ 28.8%€1.9m▲ 30.7%
Working capital€0.04mbelow the sector's middle half-€0.05mwithin the sector's middle half▲ 24.6%€0.1mabove the sector's middle half▲ 188%€0.4mwithin the sector's middle half▲ 201%€0.2mwithin the sector's middle half▼ 51.2%
Solvency9.3%below the sector's middle half-12.9%within the sector's middle half▲ 3.5pp12.3%within the sector's middle half▼ 0.6pp0.7%below the sector's middle half▼ 11.6pp-17.4%below the sector's middle half▼ 18.1pp
Current ratio1.18within the sector's middle half-1.12within the sector's middle half▼ 0.071.17within the sector's middle half▲ 0.051.59within the sector's middle half▲ 0.421.18within the sector's middle half▼ 0.40
Return on assets (ROA)-4.0%below the sector's middle half-6.9%within the sector's middle half▲ 10.8pp-13.3%below the sector's middle half▼ 20.2pp-10.1%below the sector's middle half▲ 3.2pp-18.0%below the sector's middle half▼ 7.9pp
Staff (FTE)1.4below the sector's middle half-4.6▲ 229%5.7▲ 23.9%8above the sector's middle half▲ 40.4%7.9above the sector's middle half▼ 1.3%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €261,281 in 2024 against €150,351 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets
€358,487 ▼ 5.5%
Current assets
€1.3m ▲ 16.3%
Equity and liabilities
Equity-€280,981
Debt€1.9m
Equity is negative: debt (€1.9m) exceeds the balance-sheet total (€1.6m).
Key figures and ratios
Key figures and ratios
EBITDA
-€217,961▼
2023 · -€76,671
Cash flow
-€247,242▼
2023 · -€73,996
Quick ratio
1.04▼
2023 · 1.37
Interest coverage
-6.24▼
2023 · -3.00
Debt ≤ 1 year
€1.1m▲
2023 · €679,876
Debt > 1 year
€731,057▲
2023 · €662,062
Staff costs
€369,503▲
2023 · €363,280
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 7.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,010 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.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €174,995 | €217,632 | €363,280 | €369,503 | ▲ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,786 | €28,244 | €49,903 | €73,680 | €43,320 | ▼ 41.2% |
| Other operating charges640/8 | - | €868 | €16,574 | €18,962 | €16,620 | ▼ 12.4% |
| Gross operating margin9900 | €34,247 | €251,250 | €121,963 | €305,570 | €168,161 | ▼ 45.0% |
| Operating profit (loss)9901 | -€10,907 | €47,143 | -€162,147 | -€150,351 | -€261,281 | ▼ 73.8% |
| Financial income75/76B | - | €258 | €701 | €28,222 | €5,629 | ▼ 80.1% |
| Recurring financial income75 | - | €258 | €701 | €28,222 | €5,629 | ▼ 80.1% |
| Financial charges65/66B | - | €4,890 | €9,067 | €25,546 | €34,910 | ▲ 36.7% |
| Recurring financial charges65 | €4,402 | €4,890 | €9,067 | €25,546 | €34,910 | ▲ 36.7% |
| Profit (loss) for the period before taxes9903 | -€15,308 | €42,511 | -€170,512 | -€147,676 | -€290,562 | ▼ 96.8% |
| Income taxes67/77 | - | €933 | - | - | - | - |
| Profit (loss) for the period9904 | -€15,308 | €41,577 | -€170,512 | -€147,676 | -€290,562 | ▼ 96.8% |
| Profit (loss) for the period to be appropriated9905 | -€15,308 | €41,577 | -€170,512 | -€147,676 | -€290,562 | ▼ 96.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.4m | €0.6m | €1.3m | €1.5m | €1.6m | ▲ 10.6% |
| Fixed assets21/28 | €0.1m | €0.2m | €0.4m | €0.4m | €0.4m | ▼ 5.5% |
| Intangible fixed assets21 | €0.04m | €0.07m | €0.06m | €0.1m | €0.1m | ▲ 13.7% |
| Tangible fixed assets22/27 | €0.1m | €0.08m | €0.3m | €0.3m | €0.2m | ▼ 9.0% |
| Plant, machinery and equipment23 | - | - | - | - | €0.001m | - |
| Furniture and vehicles24 | - | €0.02m | €0.04m | €0.03m | €0.03m | ▼ 17.8% |
| Other tangible fixed assets26 | - | €0.07m | €0.3m | €0.2m | €0.2m | ▼ 8.1% |
| Financial fixed assets28 | €0.01m | €0.01m | €0.01m | €0.01m | - | - |
| Current assets29/58 | €0.2m | €0.4m | €0.9m | €1.1m | €1.3m | ▲ 16.3% |
| Stocks and contracts in progress3 | - | €0.05m | €0.1m | €0.2m | €0.2m | ▲ 0.7% |
| Stocks30/36 | - | €0.05m | €0.1m | €0.2m | €0.2m | ▲ 0.7% |
| Amounts receivable within one year40/41 | €0.2m | €0.4m | €0.7m | €0.6m | €1.1m | ▲ 70.1% |
| Trade receivables40 | - | €0.3m | €0.7m | €0.6m | €1.0m | ▲ 66.0% |
| Other amounts receivable41 | - | €0.03m | €211 | €0.01m | €0.04m | ▲ 333% |
| Cash at bank and in hand54/58 | €0.04m | €0.04m | €215 | €0.3m | €0.01m | ▼ 95.4% |
| Deferred charges and accrued income490/1 | - | €422 | €0.1m | €0.007m | €0.001m | ▼ 80.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.4m | €0.6m | €1.3m | €1.5m | €1.6m | ▲ 10.6% |
| Equity10/15 | €0.04m | €0.08m | €0.2m | €0.01m | -€0.3m | ▼ 3,033% |
| Contributions10/11 | - | €0.05m | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | -€0.02m | €0.03m | -€0.1m | -€0.3m | -€0.6m | ▼ 99.5% |
| Amounts payable17/49 | €0.4m | €0.5m | €1.1m | €1.4m | €1.9m | ▲ 30.7% |
| Amounts payable after more than one year17 | €0.1m | €0.1m | €0.3m | €0.7m | €0.7m | ▲ 10.4% |
| Financial debts170/4 | - | €0.1m | €0.3m | €0.5m | €0.5m | ▲ 3.6% |
| Other amounts payable178/9 | - | €0.01m | €0.01m | €0.1m | €0.2m | ▲ 36.1% |
| Amounts payable within one year42/48 | €0.2m | €0.4m | €0.8m | €0.7m | €1.1m | ▲ 56.0% |
| Current portion of amounts payable after more than one year42 | - | €0.02m | €0.04m | €0.2m | €0.1m | ▼ 53.2% |
| Financial debts43 | - | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 59.1% |
| Credit institutions430/8 | - | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 24.6% |
| Other loans439 | - | - | - | - | €0.05m | - |
| Trade debts44 | €0.2m | €0.1m | €0.4m | €0.2m | €0.6m | ▲ 213% |
| Suppliers440/4 | - | €0.1m | €0.4m | €0.2m | €0.6m | ▲ 213% |
| Taxes, remuneration and social security45 | - | €0.07m | €0.08m | €0.1m | €0.07m | ▼ 26.5% |
| Taxes450/3 | - | €0.05m | €0.05m | €0.05m | €0.04m | ▼ 7.2% |
| Remuneration and social security454/9 | - | €0.02m | €0.03m | €0.05m | €0.03m | ▼ 43.2% |
| Other amounts payable47/48 | - | €0.06m | €0.1m | €0.007m | €0.008m | ▲ 26.3% |
| Accrued charges and deferred income492/3 | - | - | €0.006m | €0.1m | €0.1m | ▼ 3.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,308 | €41,577 | -€170,512 | -€147,676 | -€290,562 | ▼ 96.8% |
| + Depreciation and write-downs630 | €3,786 | €28,244 | €49,903 | €73,680 | €43,320 | ▼ 41.2% |
| Operating cash flow (approximation) | -€11,523 | €69,821 | -€120,609 | -€73,996 | -€247,242 | ▼ 234% |
| Investment in fixed assets (approximation) | - | -€43,228 | -€263,133 | -€78,959 | -€22,614 | ▲ 71.4% |
| Change in cash | - | -€3,833 | -€35,373 | €281,689 | -€268,887 | ▼ 195% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
DANIELLI COLLECTION
BE 0891.616.773
Elsene · FTE 8.1
BENELUX INVESTMENT GROUP
BE 0861.576.764
Retie · FTE 8.2
SOFIADIS
BE 0811.294.835
Wavre · FTE 7.4
Dark at night
BE 0840.612.787
Maldegem · FTE 8.5
DE ZWAAN
BE 0417.775.634
Gent · FTE 6.9
Of 1,741 companies in this sector we hold annual accounts for 758. 137 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Board & ownership
Directors
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
2 ownersOwners 2
- Sourceaccounts Audjo 202250%
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 4 Gazette acts processed.
Timeline
8 eventsLatest 01-12-2025
History
Acts, filings and financial milestones
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 123 days late
2024
31-12
Financial
Weakest financial yearnet -€290,562
Net result drops to -€290,562, the lowest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 89 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
31-12
Financial
Equity above €150,000Eq €157,257 ▲102%
Equity rises from €77,769 to €157,257.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €41,577
Net result €41,577 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 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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Support & recognitions
1 funding sourceFlanders €5,578
Flemish government
€5,578
awarded · 2022 - 2023
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €5,578 awarded · €5,578 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | €0 | €5,578 |
| 2022 | 1 | €5,578 | €0 |
Company details
Private limited company · founded 19-07-2019Year ends 31-12Peppol reachable4 sites
Register details
Identification
Legal formPrivate limited company
Founded19-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
74130Interior design
46190Agents in non-specialised wholesale trade
47791Retail sale of antiques
47793Retail sale of other second-hand goods, excluding clothing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0730866789
Also
9925:BE0730866789
Registered
10-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Elsene · 4 establishment units since 2019
Ground area
9,221 m²
Building footprint
2,393 m²
Volume, LiDAR
8,935 m³
4 parcels, Brussels, Flanders · tallest building 22.3 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
4 establishment units
AFC-Collection
since 2019unit no. 2.291.688.841
AFC-Collection
since 2019unit no. 2.291.688.940
AFC-Collection
since 2019unit no. 2.291.689.039
AFC-Collection
since 2022unit no. 2.333.495.049
4 parcels
Flanders
3
(75%)
Brussels
1
(25%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44006B0425/00D000 | Flanders | 5,751 m² | 1 · 478 m² | 9.0 m · 2 fl. |
| 31332F7590/00D000 | Flanders | 2,953 m² | 1 · 1,598 m² | 9.3 m |
| 23583I0245/00B002 | Flanders | 310 m² | 1 · 181 m² | 11.5 m · 3 fl. |
| 21009A0350/00F009 | Brussels | 207 m² | 1 · 135 m² | 22.3 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
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