AFC PROJECTS
ActiveSummary
AFC PROJECTS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.1m and a net result of €129,941. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 88% of 1095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▼-14
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity ample (current ratio 7.78 against 6.72 in 2023; short-term debt: 12.5% and cash: 40% of total assets), and 12.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
87.5%
Return on assets
10.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
59 d early
2023
14 d early
2022
55 d early
2021
41 d early
2020
72 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€129,941▼ 51.8%
2023 · €269,354
Working capital
€1.0m▼ 0.8%
2023 · €1.0m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€234,193▲ 25.3%€217,222▼ 7.2%€279,326▲ 28.6%€390,535▲ 39.8%€180,170▼ 53.9%
Net result€164,819▲ 31.4%€153,404▼ 6.9%€197,900▲ 29.0%€269,354▲ 36.1%€129,941▼ 51.8%
Equity€644,588▲ 34.1%€797,192▲ 23.7%€925,292▲ 16.1%€1.1m▲ 15.0%€1.1m▼ 0.8%
Total assets€744,686▲ 24.9%€877,219▲ 17.8%€1.0m▲ 18.7%€1.2m▲ 19.5%€1.2m▼ 3.1%
Debt€100,098▼ 13.4%€80,027▼ 20.1%€115,955▲ 44.9%€180,199▲ 55.4%€150,804▼ 16.3%
Working capital€612,488▲ 37.6%€765,092▲ 24.9%€893,192▲ 16.7%€1.0m▲ 15.4%€1.0m▼ 0.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 54% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€32,807 ▼ 1.4%
Current assets
€1.2m ▼ 3.1%
Equity and liabilities €1.2m
Equity
€1.1m ▼ 0.8%
Debt
€150,804 ▼ 16.3%
Debt's share of the balance-sheet total falls from 14.5% to 12.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€180,628▼
2023 · €390,743
Cash flow
€130,399▼
2023 · €269,562
Current ratio
7.78▲
2023 · 6.72
Debt to equity
0.14▼
2023 · 0.17
ROE
12.3%▼
2023 · 25.3%
ROA
10.8%▼
2023 · 21.6%
Interest coverage
156.93▼
2023 · 520.30
Debt ≤ 1 year
€150,804▼
2023 · €180,199
Income taxes
€56,795▼
2023 · €120,522
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €551 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,455 | - | - | €208 | €458 | ▲ 120% |
| Other operating charges640/8 | - | €877 | €911 | €1,598 | €1,408 | ▼ 11.9% |
| Gross operating margin9900 | €238,371 | €218,099 | €280,237 | €392,341 | €182,036 | ▼ 53.6% |
| Operating profit (loss)9901 | €234,193 | €217,222 | €279,326 | €390,535 | €180,170 | ▼ 53.9% |
| Financial income75/76B | - | - | - | €92 | €7,717 | ▲ 8,288% |
| Recurring financial income75 | - | - | - | €92 | €7,717 | ▲ 8,288% |
| Financial charges65/66B | - | €787 | €833 | €751 | €1,151 | ▲ 53.3% |
| Recurring financial charges65 | €110 | €787 | €833 | €751 | €1,151 | ▲ 53.3% |
| Profit (loss) for the period before taxes9903 | €234,083 | €216,435 | €278,493 | €389,876 | €186,736 | ▼ 52.1% |
| Income taxes67/77 | €69,264 | €63,031 | €80,593 | €120,522 | €56,795 | ▼ 52.9% |
| Profit (loss) for the period9904 | €164,819 | €153,404 | €197,900 | €269,354 | €129,941 | ▼ 51.8% |
| Profit (loss) for the period to be appropriated9905 | €164,819 | €153,404 | €197,900 | €269,354 | €129,941 | ▼ 51.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €744,686 | €877,219 | €1.0m | €1.2m | €1.2m | ▼ 3.1% |
| Fixed assets21/28 | €32,100 | €32,100 | €32,100 | €33,265 | €32,807 | ▼ 1.4% |
| Tangible fixed assets22/27 | - | - | - | €1,165 | €707 | ▼ 39.3% |
| Plant, machinery and equipment23 | - | - | - | €1,165 | €707 | ▼ 39.3% |
| Financial fixed assets28 | €32,100 | €32,100 | €32,100 | €32,100 | €32,100 | = |
| Current assets29/58 | €712,586 | €845,119 | €1.0m | €1.2m | €1.2m | ▼ 3.1% |
| Amounts receivable within one year40/41 | €234,566 | €209,419 | €289,580 | €389,740 | €187,830 | ▼ 51.8% |
| Trade receivables40 | - | €151,610 | €239,580 | €339,740 | €137,830 | ▼ 59.4% |
| Other amounts receivable41 | - | €57,809 | €50,000 | €50,000 | €50,000 | = |
| Current investments50/53 | - | €102,750 | €102,750 | €102,750 | €502,750 | ▲ 389% |
| Cash at bank and in hand54/58 | €478,020 | €532,950 | €616,817 | €718,490 | €482,571 | ▼ 32.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €744,686 | €877,219 | €1.0m | €1.2m | €1.2m | ▼ 3.1% |
| Equity10/15 | €644,588 | €797,192 | €925,292 | €1.1m | €1.1m | ▼ 0.8% |
| Contributions10/11 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €608,660 | €738,660 | €816,660 | €955,360 | €942,360 | ▼ 1.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €736,800 | €814,800 | €953,500 | €940,500 | ▼ 1.4% |
| Profit (loss) carried forward14 | €29,628 | €52,232 | €102,332 | €102,386 | €106,494 | ▲ 4.0% |
| Amounts payable17/49 | €100,098 | €80,027 | €115,955 | €180,199 | €150,804 | ▼ 16.3% |
| Amounts payable within one year42/48 | €100,098 | €80,027 | €115,955 | €180,199 | €150,804 | ▼ 16.3% |
| Trade debts44 | €248 | €648 | €8,343 | €33,078 | €73,167 | ▲ 121% |
| Suppliers440/4 | - | €648 | €8,343 | €33,078 | €73,167 | ▲ 121% |
| Taxes, remuneration and social security45 | - | €63,284 | €91,516 | €133,484 | €70,403 | ▼ 47.3% |
| Taxes450/3 | - | €63,284 | €91,516 | €133,484 | €66,647 | ▼ 50.1% |
| Remuneration and social security454/9 | - | - | - | - | €3,756 | - |
| Other amounts payable47/48 | - | €16,095 | €16,096 | €13,637 | €7,234 | ▼ 47.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €164,819 | €153,404 | €197,900 | €269,354 | €129,941 | ▼ 51.8% |
| + Depreciation and write-downs630 | €3,455 | - | - | €208 | €458 | ▲ 120% |
| Operating cash flow (approximation) | €168,274 | €153,404 | €197,900 | €269,562 | €130,399 | ▼ 51.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,373 | €0 | ▲ 100% |
| Change in cash | - | €54,930 | €83,867 | €101,673 | -€235,919 | ▼ 332% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €269,354 ▲36.1%
Operating result €390,535, net result €269,354, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲15%
6 profitable years in a row build equity to €1.1m.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €500,000Eq €644,588 ▲34.1%
3 profitable years in a row build equity to €644,588.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €125,404 ▼9.7%
Net result drops to €125,404, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Directors · office · real estate
Directors
3 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, Jette · 1 establishment unit since 2011
Ground area
100 m²
Building footprint
56 m²
Volume, LiDAR
486 m³
Parcel 21464D0176/00L023, Brussels · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
De Keersmaekerstraat 55, 1090 Jette
since 20112.197.898.749
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464D0176/00L023 | Brussels | 100 m² | 1 · 56 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 13,417 companies in sector 73300 we hold annual accounts for 6,898. 2,958 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.