Summary
AFC INSURANCE - ACRES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €83k and a net result of €130k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 18% of 490 sector peers (fiscal year 2025). The company has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 490 sector peers (2025).
NBB · sector comparisonPosition among 490 sector peers
Solvency
better than 18%
← weakest
strongest →
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 10-03-2026, 143 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
143 d early
2024
129 d early
2023
97 d early
2022
114 d early
2021
43 d early
2020
12 d early
2019
49 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€83k=
2024 · €83k
2018: €83k
2019: €84k
2020: €106k
2021: €83k
2022: €83k
2023: €83k
2024: €83k
2018 → 2025
Net result
€130k▲ 41.3%
2024 · €92k
2018: €24k
2019: €78k
2020: €112k
2021: €56k
2022: €31k
2023: €95k
2024: €92k
2018 → 2025
Total assets
€741k▼ 8.2%
2024 · €807k
2018: €700k
2019: €1.19M
2020: €1.16M
2021: €1.03M
2022: €925k
2023: €921k
2024: €807k
2018 → 2025
Solvency
11.1%▲ 0.9pp
2024 · 10.2%
2018: 11.9%
2019: 7.0%
2020: 9.1%
2021: 8.0%
2022: 8.9%
2023: 9.0%
2024: 10.2%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€984k-€1.05M▲ 6.6%€1.08M▲ 3.2%€1.13M▲ 4.5%€1.19M▲ 4.9%
Equity€83k-€83k▼ 0.7%€83k=€83k=€83k=
Operating result€105k-€69k▼ 33.6%€130k▲ 86.7%€145k▲ 11.6%€192k▲ 32.6%
Net result€56k-€31k▼ 45.1%€95k▲ 209%€92k▼ 3.4%€130k▲ 41.3%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €741k
Fixed assets
€419k ▼ 20.5%
Current assets
€322k ▲ 14.9%
Equity and liabilities €741k
Equity
€83k =
Debt
€658k ▼ 9.1%
Debt's share of the balance-sheet total falls from 89.8% to 88.9%. Debt is lower.
Key figures and ratios
ROE
157.5%▲
2024 · 111.5%
ROA
17.5%▲
2024 · 11.4%
Debt ≤ 1 year
€335k▲
2024 · €267k
Debt > 1 year
€283k▼
2024 · €402k
Income taxes
€51k▲
2024 · €40k
Staff costs
€307k▼
2024 · €313k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€807k€741k▼
Fixed assets21/28€527k€419k▼
Intangible fixed assets21€342k€225k▼
Tangible fixed assets22/27€164k€180k▲
Land and buildings22€133k€162k▲
Furniture and vehicles24€31k€19k▼
Financial fixed assets28€21k€14k▼
Current assets29/58€280k€322k▲
Amounts receivable after more than one year29€19k-
Other amounts receivable291€19k-
Amounts receivable within one year40/41€141k€150k▲
Trade receivables40€19k€45k▲
Other amounts receivable41€123k€106k▼
Cash at bank and in hand54/58€104k€156k▲
Deferred charges and accrued income490/1€16k€15k▼
Equity and liabilities
Total equity and liabilities10/49€807k€741k▼
Equity10/15€83k€83k=
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€8k€8k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Amounts payable17/49€724k€658k▼
Amounts payable after more than one year17€402k€283k▼
Financial debts170/4€402k€283k▼
Amounts payable within one year42/48€267k€335k▲
Current portion of amounts payable after more than one year42€116k€123k▲
Trade debts44€13k€15k▲
Suppliers440/4€13k€15k▲
Taxes, remuneration and social security45€35k€33k▼
Remuneration and social security454/9€35k€33k▼
Other amounts payable47/48€102k€165k▲
Accrued charges and deferred income492/3€56k€40k▼
Income statement
Code20242025
Turnover70€1.13M€1.19M▲
Goods, raw materials, services and sundry goods60/61€532k€545k▲
Remuneration, social security and pensions62€313k€307k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€143k€148k▲
Other operating charges640/8€5k€5k▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€609k€652k▲
Operating profit (loss)9901€145k€192k▲
Financial income75/76B€1k€925▼
Recurring financial income75€1k€925▼
Financial charges65/66B€14k€12k▼
Recurring financial charges65€14k€12k▼
Profit (loss) for the period before taxes9903€132k€181k▲
Income taxes67/77€40k€51k▲
Profit (loss) for the period9904€92k€130k▲
Profit (loss) for the period to be appropriated9905€92k€130k▲
Appropriation of the result
Profit (loss) to be appropriated9906€92k€130k▲
Profit to be distributed694/7€92k€130k▲
Return on contributions (dividend)694€92k€130k▲
Social balance
Average headcount (FTE)90875.45.4=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €130k ▲41.3%
Net result €130k, the highest in the series.
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €100kEq €106k ▲26.6%
3 profitable years in a row build equity to €106k.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Châtelet · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Liège 226200 ChâteletGround area
475 m²
Building footprint
97 m²
Volume, LiDAR
1,174 m³
Parcel 52013A0396/00Y009, Wallonia · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
AFC Insurance
since 19882.035.554.896
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52013A0396/00Y009 | Wallonia | 475 m² | 1 · 97 m² | 13.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 4,683 companies in sector 66220 we hold annual accounts for 3,228. 2,610 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-02-1980
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.