AFDS
ActiveSummary
AFDS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €-43k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 46% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-37
Solvency74▼-18
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.11 against 4.99 in 2024; short-term debt: 37.3% of total assets), but 51.1% of the assets are financed with debt.
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Signals
Five 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
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 2025Solvency, return and age of the figures
Solvency
48.9%
Return on assets
-37.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-43k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
22 d late
2023
9 d early
2022
45 d early
2021
29 d late
2020
31 d late
2019
53 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€57k▼ 43.2%
2024 · €100k
Total assets
€116k▼ 22.2%
2024 · €149k
Net result
€-43k▼ 560%
2024 · €-7k
Working capital
€48k▼ 44.4%
2024 · €86k
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
Line20212022202320242025
Operating result€5k▼ 72.9%€15k▲ 197%€-15k€-6k▲ 60.0%€-41k▼ 596%
Net result€3k▼ 79.7%€10k▲ 232%€-22k€-7k▲ 70.6%€-43k▼ 560%
Equity€119k▲ 1.9%€128k▲ 7.9%€106k▼ 17.3%€100k▼ 6.1%€57k▼ 43.2%
Total assets€154k▼ 0.7%€148k▼ 4.3%€189k▲ 27.8%€149k▼ 21.2%€116k▼ 22.2%
Debt€35k▼ 8.7%€19k▼ 45.1%€83k▲ 326%€49k▼ 40.6%€59k▲ 20.6%
Working capital€105k▲ 4.0%€116k▲ 11.2%€91k▼ 21.9%€86k▼ 4.9%€48k▼ 44.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €41k in 2025 against €6k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116k
Fixed assets
€24k ▼ 39.7%
Current assets
€91k ▼ 15.6%
Equity and liabilities €116k
Equity
€57k ▼ 43.2%
Debt
€59k ▲ 20.6%
Debt's share of the balance-sheet total rises from 33.0% to 51.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-25k▼
2024 · €11k
Cash flow
€-27k▼
2024 · €10k
Current ratio
2.11▼
2024 · 4.99
Debt to equity
1.05▲
2024 · 0.49
ROE
-76.1%▼
2024 · -6.6%
ROA
-37.2%▼
2024 · -4.4%
Interest coverage
-6.70▼
2024 · 2.86
Debt ≤ 1 year
€43k▲
2024 · €22k
Debt > 1 year
€16k▼
2024 · €27k
Income taxes
€163▼
2024 · €175
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €2k | €12k | €17k | €16k | ▼ 3.6% |
| Other operating charges640/8 | €392 | €469 | €2k | €313 | €448 | ▲ 43.2% |
| Gross operating margin9900 | €18k | €18k | €-1k | €11k | €-24k | ▼ 317% |
| Operating profit (loss)9901 | €5k | €15k | €-15k | €-6k | €-41k | ▼ 596% |
| Financial income75/76B | €4k | €3k | €2k | €3k | €1k | ▼ 55.0% |
| Recurring financial income75 | €4k | €3k | €2k | €3k | €1k | ▼ 55.0% |
| Financial charges65/66B | €2k | €2k | €8k | €4k | €4k | ▼ 2.9% |
| Recurring financial charges65 | €2k | €2k | €3k | €4k | €4k | ▼ 2.9% |
| Non-recurring financial charges66B | - | - | €5k | - | - | - |
| Profit (loss) for the period before taxes9903 | €7k | €16k | €-20k | €-6k | €-43k | ▼ 575% |
| Income taxes67/77 | €4k | €6k | €2k | €175 | €163 | ▼ 6.8% |
| Profit (loss) for the period9904 | €3k | €10k | €-22k | €-7k | €-43k | ▼ 560% |
| Profit (loss) for the period to be appropriated9905 | €3k | €10k | €-22k | €-7k | €-43k | ▼ 560% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154k | €148k | €189k | €149k | €116k | ▼ 22.2% |
| Fixed assets21/28 | €14k | €12k | €54k | €41k | €24k | ▼ 39.7% |
| Tangible fixed assets22/27 | €6k | €4k | €54k | €41k | €24k | ▼ 39.7% |
| Furniture and vehicles24 | €6k | €4k | €54k | €37k | €21k | ▼ 43.6% |
| Other tangible fixed assets26 | - | - | - | €4k | €4k | = |
| Financial fixed assets28 | €8k | €8k | - | - | - | - |
| Current assets29/58 | €140k | €136k | €135k | €108k | €91k | ▼ 15.6% |
| Amounts receivable after more than one year29 | €48k | €49k | €50k | €52k | €53k | ▲ 2.8% |
| Other amounts receivable291 | €48k | €49k | €50k | €52k | €53k | ▲ 2.8% |
| Amounts receivable within one year40/41 | €45k | €45k | €61k | €38k | €30k | ▼ 21.6% |
| Trade receivables40 | €10k | €25k | €23k | €13k | €1k | ▼ 91.8% |
| Other amounts receivable41 | €36k | €19k | €38k | €26k | €29k | ▲ 12.2% |
| Cash at bank and in hand54/58 | - | €1k | - | €2k | - | - |
| Deferred charges and accrued income490/1 | €47k | €41k | €24k | €16k | €8k | ▼ 50.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154k | €148k | €189k | €149k | €116k | ▼ 22.2% |
| Equity10/15 | €119k | €128k | €106k | €100k | €57k | ▼ 43.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €52k | €61k | €61k | €61k | €61k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €50k | €59k | €59k | €59k | €59k | = |
| Profit (loss) carried forward14 | €49k | €49k | €26k | €20k | €-23k | ▼ 216% |
| Amounts payable17/49 | €35k | €19k | €83k | €49k | €59k | ▲ 20.6% |
| Amounts payable after more than one year17 | - | - | €38k | €27k | €16k | ▼ 41.7% |
| Financial debts170/4 | - | - | €38k | €27k | €16k | ▼ 41.7% |
| Amounts payable within one year42/48 | €35k | €19k | €44k | €22k | €43k | ▲ 99.2% |
| Current portion of amounts payable after more than one year42 | €843 | €840 | €11k | €12k | €12k | ▲ 3.7% |
| Financial debts43 | €17k | - | €15k | - | €21k | - |
| Credit institutions430/8 | €17k | - | €15k | - | €21k | - |
| Trade debts44 | €4k | €4k | €14k | €2k | €7k | ▲ 365% |
| Suppliers440/4 | €4k | €4k | €14k | €2k | €7k | ▲ 365% |
| Advances received on contracts in progress46 | - | - | - | - | €2k | - |
| Taxes, remuneration and social security45 | €10k | €13k | €4k | €8k | - | - |
| Taxes450/3 | €10k | €11k | €4k | €8k | - | - |
| Remuneration and social security454/9 | - | €2k | - | - | - | - |
| Other amounts payable47/48 | €4k | €1k | €518 | €275 | €320 | ▲ 16.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €10k | €-22k | €-7k | €-43k | ▼ 560% |
| + Depreciation and write-downs630 | €13k | €2k | €12k | €17k | €16k | ▼ 3.6% |
| Operating cash flow (approximation) | €16k | €13k | €-10k | €10k | €-27k | ▼ 366% |
| Investment in fixed assets (approximation) | - | €0 | €-53k | €-4k | €0 | ▲ 100% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Equity above €100kEq €102k ▲13.9%
2 profitable years in a row build equity to €102k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
19-07
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.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Gembloux · 1 establishment unit since 2006
Ground area
3,270 m²
Building footprint
170 m²
Parcel 92056A0203/00B002, Wallonia. Linked by address, not a title deed.
1 establishment unit
AFDS
since 20062.151.056.954
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92056A0203/00B002 | Wallonia | 3,270 m² | 1 · 170 m² | - |
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 2,711 companies in sector 73200 we hold annual accounts for 1,781. 1,188 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
Founded20-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
68121Development of residential building projects
68110Buying and selling of own real estate
70200Business and other management consultancy
73110Advertising agencies
73300Public relations and communication consultancy
Contact
E-mail
fabien@deschaetzen.orgGembloux
Phone
081/640.805Gembloux
Scores and ratios are computed by Checked and are not a credit decision.