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AFC MORTSEL

Active
Private limited companyfounded 20215 yrs activeMechelsesteenweg 61, 2640 Mortsel, BelgiumKBO/BCE: BE 0764.436.907
Summary

The computed 12-month bankruptcy probability of AFC MORTSEL is 6.5% (elevated). The 2024 annual accounts show negative equity (-€19,173) and a net result of €19,667. Equity is shrinking by ~30.1% per year across the filed fiscal years. Its solvency ranks better than 14% of 18932 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
AFC MORTSELActiveChecked score 37/100
Risk analysis ReportCompare

Overview

Activity
Full-service restaurants
NACE 56111Full-service restaurants NACE 56101Limited-service restaurants NACE 56102
1 site
Size
€32,025total assets 2024
Equity
-€19,173
Profit
€19,667
Turnover not published (abridged schema)
Financial health
37 Weak Checked score 2024
Bankruptcy chance 12 m
6.5%
Structure
Board
1 member
Accounts 63 d overdue1 of 4 deeds read
Why 37- 1 financial year not filed after the legal deadline; latest accounts 151 days late; 3 of the last 3 late- Figures for FY 2024 (filed 29-12-2025)- Founded in 2021- Sector Food and beverage service activities (NACE 56)Show the evidence

Checked score

Score 2024
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 56% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Average
Solvency 0=
equity -59.9% of total assets
Liquidity 47+19
short-term debt 159.9% · cash 37.2%
Profitability 100+100
return on assets 61.4%
Bankruptcy probability, 12 months
6.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (23,449 companies)
Last 13 months 10-2025: 6.8% 11-2025: 6.8%▲ +0.2% vs 10-2025 12-2025: 8.3%▲ +21.4% vs 11-2025highest value 01-2026: 5.2%▼ -37.3% vs 12-2025 02-2026: 5.2%● 0.0% vs 01-2026 03-2026: 5.3%▲ +1.1% vs 02-2026 04-2026: 5.3%▲ +0.7% vs 03-2026 05-2026: 5.3%▲ +0.7% vs 04-2026 06-2026: 5.1%▼ -5.3% vs 05-2026 07-2026: 5.0%▼ -1.8% vs 06-2026lowest value 08-2026: 5.4%▲ +9.7% vs 07-2026 09-2026: 5.8%▲ +6.0% vs 08-2026 10-2026: 6.5%▲ +12.7% vs 09-2026
  • 1 financial year not filed after the legal deadline; latest accounts 151 days late; 3 of the last 3 late raises the probability
  • Figures for FY 2024 (filed 29-12-2025) raises the probability
  • Founded in 2021 raises the probability for this profile
  • Sector Food and beverage service activities (NACE 56) raises the probability
No credit on open account
Liquidity short (current ratio 0.3 against 0.21 in 2023; short-term debt: 159.9% and cash: 37.2% of total assets), and equity is negative.
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 56, micro). Better than this share of them on solvency 9%, liquidity 42%, profitability 93%, growth against the median 81%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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

Six signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 151 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Figures for FY 2024 (filed 29-12-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Founded in 2021
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Sector Food and beverage service activities (NACE 56)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 18932 sector peers (2024).
NBB · sector comparison
Position among 18932 sector peers
Solvency
better than 14%
← weakest strongest →
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 29-12-2025, 151 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 · 4 filings
Deviation from the deadline
2025
not confirmed
2024
151 d late
2023
48 d late
2022
36 d late
2021
258 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 123 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Appointment: SAEED Muaadh Abdulmawla (director)Resignation: ALKSSO Ahmed (director) ·…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Back to profitnet €19,667

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€19,173 View
  • Caution: Among the weakest 14% on solvencysector median 29.1% · 18,932 companies -59.9% View
  • Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
  • Caution: Board changedlatest change 01-07-2026 · 1 in office 1 joined · 1 left View

By topic

Financials

Fiscal year
2024
Total assets
€32,025
Profit
€19,667
Solvency
-59.9%
Total assets▼ 16.7%
Net result
20212024
Go to Financials

Timeline

Events
6
Since
2023
  1. 14-08-2026Appointment: SAEED Muaadh Abdulmawla (director)
  2. 29-12-2025Annual accounts filed
  3. 31-12-2024Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Full-service restaurantsNACE 56111
Founded
28-02-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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