AFC Project

Active

Private limited companyfounded 20214 yrs activede Mérodestraat 309, 1190 Vorst, BelgiumKBO/BCE: BE 0775.746.117

The computed 12-month bankruptcy probability of AFC Project is 4.1% (elevated). The 2025 annual accounts show equity of €5k and a net result of €-116. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 27% of 18120 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

32 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability37▼-29

Solvency33▼-28

Growth78=

Track record94

Bankruptcy probability, 12 months

4.1% Elevated

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity tight (current ratio 1.08 against 1.55 in 2024; short-term debt: 92.4% and cash: 8.5% of total assets), and 92.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

7.6%

Return on assets

-0.2%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 4 filings

Deviation from the deadline

2025

30 d late

2024

31 d late

2023

297 d late

2022

663 d late

← before the deadline after the deadline →

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 months

Position in the running window

18-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€5k▼ 2.3%

2024 · €5k

2022: €3k 2023: €3k 2024: €5k

2022 → 2025

Total assets

€64k▲ 360%

2024 · €14k

2022: €4k 2023: €8k 2024: €14k

2022 → 2025

Net result

€-116

2024 · €2k

2022: €-2k 2023: €412 2024: €2k

2022 → 2025

Working capital

€5k▼ 2.3%

2024 · €5k

2022: €3k 2023: €3k 2024: €5k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€3k-€3k▲ 14.0%€5k▲ 47.6%€5k▼ 2.3%

Operating result€-2k-€555€2k▲ 289%€1k▼ 37.0%

Net result€-2k-€412€2k▲ 288%€-116

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 37% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €64k

92.4%

Equity €5k▼ 2.3%

Debt €59k▲ 561%

The debt ratio rises from 64.4% to 92.4%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

Solvency

7.6%▼

2024 · 35.6%

Current ratio

1.08▼

2024 · 1.55

Quick ratio

1.04▼

2024 · 1.33

Debt / equity

12.22▲

2024 · 1.81

ROE

-2.4%▼

2024 · 32.2%

ROA

-0.2%▼

2024 · 11.5%

Debt

€59k▲

2024 · €9k

Debt ≤ 1 year

€59k▲

2024 · €9k

Income taxes

€1k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€14k€64k▲

Current assets29/58€14k€64k▲

Stocks and contracts in progress3€2k€3k▲

Stocks30/36€2k€3k▲

Amounts receivable within one year40/41-€56k

Trade receivables40-€56k

Cash at bank and in hand54/58€12k€5k▼

Equity and liabilities

Total equity and liabilities10/49€14k€64k▲

Equity10/15€5k€5k▼

Contributions10/11€5k€5k=

Profit (loss) carried forward14€-40€-156▼

Amounts payable17/49€9k€59k▲

Amounts payable within one year42/48€9k€59k▲

Trade debts44€2k€54k▲

Suppliers440/4€2k€54k▲

Taxes, remuneration and social security45€7k€5k▼

Taxes450/3€3k€5k▲

Remuneration and social security454/9€5k€450▼

Income statement Code20242025

Other operating charges640/8€149€175▲

Gross operating margin9900€2k€2k▼

Operating profit (loss)9901€2k€1k▼

Financial charges65/66B€561€344▼

Recurring financial charges65€561€344▼

Profit (loss) for the period before taxes9903€2k€1k▼

Income taxes67/77-€1k

Profit (loss) for the period9904€2k€-116▼

Profit (loss) for the period to be appropriated9905€2k€-116▼

Appropriation of the result

Profit (loss) to be appropriated9906€-40€-156▼

Profit (loss) brought forward from the previous period14P€-2k€-40▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 30 days late

2025

31-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 31 days late

24-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 297 days late

24-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 663 days late

2024

31-12

Financial Highest result since 2022net €2k ▲288%

Operating result €2k, net result €2k, both a record.

2023

31-12

Financial Back to profitnet €412

Net result €412 after one loss-making year.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Vorst · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

de Mérodestraat 3091190 Vorst

Ground area

142 m²

Building footprint

100 m²

Volume, LiDAR

1,826 m³

Parcel 21007A0020/00X002, Brussels · tallest building 21.1 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

Mimoun Market-1

de Mérodestraat 309, 1190 VorstAgents in non-specialised wholesale trade

since 20212.323.173.160

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21007A0020/00X002	Brussels	142 m²	1 · 100 m²	21.1 m · 6 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Vorst2.323.173.160

1 permission

Toelating · Detailhandel met verwerking · since 08-07-2022

Similar companies · same sector, comparable size

Of 3,830 companies in sector 47210 we hold annual accounts for 965. 399 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-10-2021

Fiscal year end31-12

Activities, NACEBEL

47210Retail sale of fruit and vegetables

46190Agents in non-specialised wholesale trade

47110Non-specialised retail sale with food, beverages or tobacco predominating

47242Retail sale of chocolate and confectionery

47271Retail trade

47279Other retail sale of food

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.