AFERVA
ActiveSummary
AFERVA has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €342,214 and a net result of €25,818. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 2062 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-7
Solvency66▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.54 in 2024; short-term debt: 57.3% and cash: 7.8% of total assets), but 59.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
40.9%
Return on assets
3.1%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
29 d early
2023
34 d early
2022
19 d early
2021
72 d late
2020
5 d early
2019
121 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#8 oldest company in Grâce-Hollogne, Construction sector#9 employer in Grâce-Hollogne, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€25,818▼ 65.7%
2024 · €75,174
Working capital
€256,537▲ 4.2%
2024 · €246,289
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€103,712▼ 71.6%€49,897▼ 51.9%€85,226▲ 70.8%€84,000▼ 1.4%€32,776▼ 61.0%
Net result€96,870▼ 72.7%€41,871▼ 56.8%€75,921▲ 81.3%€75,174▼ 1.0%€25,818▼ 65.7%
Equity-€276,570▲ 25.9%-€234,699▲ 15.1%-€158,778▲ 32.3%€316,396€342,214▲ 8.2%
Total assets€1.4m▼ 33.8%€1.3m▼ 8.8%€713,627▼ 45.1%€808,159▲ 13.2%€837,069▲ 3.6%
Debt€1.7m▼ 32.6%€1.5m▼ 9.8%€872,405▼ 43.2%€491,763▼ 43.6%€494,855▲ 0.6%
Working capital€164,262▲ 63.6%€181,411▲ 10.4%€246,020▲ 35.6%€246,289▲ 0.1%€256,537▲ 4.2%
Staff (FTE)11.6▲ 8.4%12.8▲ 10.3%11.2▼ 12.5%8.5▼ 24.1%6.7▼ 21.2%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 61% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €837,069
Fixed assets
€101,104 ▼ 0.5%
Current assets
€735,964 ▲ 4.2%
Equity and liabilities €837,069
Equity
€342,214 ▲ 8.2%
Debt
€494,855 ▲ 0.6%
Debt's share of the balance-sheet total falls from 60.8% to 59.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60,568▼
2024 · €112,201
Cash flow
€53,610▼
2024 · €103,374
Current ratio
1.54=
2024 · 1.54
Debt to equity
1.45▼
2024 · 1.55
ROE
7.5%▼
2024 · 23.8%
ROA
3.1%▼
2024 · 9.3%
Interest coverage
8.51▼
2024 · 11.97
Debt ≤ 1 year
€479,427▲
2024 · €460,212
Debt > 1 year
€15,428▼
2024 · €31,551
Income taxes
€151▲
2024 · €39
Staff costs
€428,204▼
2024 · €450,282
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €410,806 | €436,953 | €559,589 | €450,282 | €428,204 | ▼ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,629 | €14,969 | €23,091 | €28,201 | €27,792 | ▼ 1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€129,331 | - | -€92,678 | €8,699 | -€13,841 | ▼ 259% |
| Other operating charges640/8 | €177,759 | €1,675 | €117,668 | €15,592 | €15,626 | ▲ 0.2% |
| Gross operating margin9900 | €568,575 | €503,493 | €692,896 | €586,774 | €490,557 | ▼ 16.4% |
| Operating profit (loss)9901 | €103,712 | €49,897 | €85,226 | €84,000 | €32,776 | ▼ 61.0% |
| Financial income75/76B | €0 | €891 | €755 | €588 | €313 | ▼ 46.9% |
| Recurring financial income75 | €0 | €891 | €755 | €588 | €313 | ▼ 46.9% |
| Financial charges65/66B | €6,423 | €8,362 | €9,592 | €9,376 | €7,120 | ▼ 24.1% |
| Recurring financial charges65 | €6,423 | €8,362 | €9,592 | €9,376 | €7,120 | ▼ 24.1% |
| Profit (loss) for the period before taxes9903 | €97,289 | €42,426 | €76,389 | €75,213 | €25,969 | ▼ 65.5% |
| Income taxes67/77 | €419 | €555 | €468 | €39 | €151 | ▲ 284% |
| Profit (loss) for the period9904 | €96,870 | €41,871 | €75,921 | €75,174 | €25,818 | ▼ 65.7% |
| Profit (loss) for the period to be appropriated9905 | €96,870 | €41,871 | €75,921 | €75,174 | €25,818 | ▼ 65.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.3m | €713,627 | €808,159 | €837,069 | ▲ 3.6% |
| Fixed assets21/28 | €59,168 | €83,891 | €142,169 | €101,657 | €101,104 | ▼ 0.5% |
| Tangible fixed assets22/27 | €32,099 | €56,821 | €115,100 | €74,588 | €74,035 | ▼ 0.7% |
| Plant, machinery and equipment23 | €5,622 | €5,694 | €3,604 | €1,513 | €478 | ▼ 68.4% |
| Furniture and vehicles24 | €26,477 | €51,127 | €111,496 | €73,075 | €73,557 | ▲ 0.7% |
| Financial fixed assets28 | €27,069 | €27,069 | €27,069 | €27,069 | €27,069 | = |
| Current assets29/58 | €1.4m | €1.2m | €571,458 | €706,502 | €735,964 | ▲ 4.2% |
| Stocks and contracts in progress3 | €12,317 | - | - | - | - | - |
| Stocks30/36 | €12,317 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.3m | €1.2m | €434,556 | €526,924 | €669,623 | ▲ 27.1% |
| Trade receivables40 | €1.3m | €1.1m | €430,047 | €522,875 | €660,625 | ▲ 26.3% |
| Other amounts receivable41 | - | €63,977 | €4,509 | €4,048 | €8,998 | ▲ 122% |
| Cash at bank and in hand54/58 | €42,266 | €57,704 | €132,302 | €174,347 | €65,609 | ▼ 62.4% |
| Deferred charges and accrued income490/1 | €4,452 | €3,601 | €4,600 | €5,232 | €733 | ▼ 86.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.3m | €713,627 | €808,159 | €837,069 | ▲ 3.6% |
| Equity10/15 | -€276,570 | -€234,699 | -€158,778 | €316,396 | €342,214 | ▲ 8.2% |
| Contributions10/11 | €636,600 | €636,600 | €636,600 | €1.0m | €1.0m | = |
| Capital10 | €636,600 | €636,600 | €636,600 | €1.0m | €1.0m | = |
| Issued capital100 | €636,600 | €636,600 | €636,600 | €1.0m | €1.0m | = |
| Reserves13 | €13,660 | €13,660 | €13,660 | €13,660 | €13,660 | = |
| Non-distributable reserves130/1 | €13,660 | €13,660 | €13,660 | €13,660 | €13,660 | = |
| Legal reserve130 | €13,660 | €13,660 | €13,660 | €13,660 | €13,660 | = |
| Profit (loss) carried forward14 | -€926,830 | -€884,959 | -€809,038 | -€733,864 | -€708,046 | ▲ 3.5% |
| Amounts payable17/49 | €1.7m | €1.5m | €872,405 | €491,763 | €494,855 | ▲ 0.6% |
| Amounts payable after more than one year17 | €500,000 | €500,000 | €546,967 | €31,551 | €15,428 | ▼ 51.1% |
| Financial debts170/4 | €500,000 | €500,000 | €546,967 | €31,551 | €15,428 | ▼ 51.1% |
| Amounts payable within one year42/48 | €1.2m | €1.0m | €325,438 | €460,212 | €479,427 | ▲ 4.2% |
| Current portion of amounts payable after more than one year42 | €3,437 | - | €14,740 | €15,416 | €16,123 | ▲ 4.6% |
| Trade debts44 | €1.1m | €442,418 | €112,548 | €134,890 | €251,872 | ▲ 86.7% |
| Suppliers440/4 | €1.1m | €442,418 | €112,548 | €134,890 | €251,872 | ▲ 86.7% |
| Advances received on contracts in progress46 | €28,718 | €574,527 | €184,482 | €304,985 | €208,063 | ▼ 31.8% |
| Taxes, remuneration and social security45 | €35,691 | €17,637 | €13,668 | €4,921 | €3,369 | ▼ 31.5% |
| Taxes450/3 | €12,219 | €555 | €468 | €39 | €151 | ▲ 284% |
| Remuneration and social security454/9 | €23,472 | €17,083 | €13,200 | €4,882 | €3,219 | ▼ 34.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €96,870 | €41,871 | €75,921 | €75,174 | €25,818 | ▼ 65.7% |
| + Depreciation and write-downs630 | €5,629 | €14,969 | €23,091 | €28,201 | €27,792 | ▼ 1.4% |
| Operating cash flow (approximation) | €102,499 | €56,840 | €99,012 | €103,374 | €53,610 | ▼ 48.1% |
| Investment in fixed assets (approximation) | - | -€39,691 | -€81,369 | €12,311 | -€27,239 | ▼ 321% |
| Change in cash | - | €15,438 | €74,598 | €42,044 | -€108,738 | ▼ 359% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €200,000Eq €316,396
5 profitable years in a row build equity to €316,396.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 72 days late
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €354,869
Net result €354,869 after one loss-making year.
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 121 days late
2019
31-12
Financial
Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Grâce-Hollogne · 1 establishment unit since 1985
Ground area
7,245 m²
Building footprint
3,626 m²
Volume, LiDAR
23,364 m³
Parcel 62046A0024/00P002, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Rue de l'Informatique 2, 4460 Grâce-Hollogne
since 19852.027.590.802
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62046A0024/00P002 | Wallonia | 7,245 m² | 1 · 3,626 m² | 7.4 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- VTV INVEST
- AFERVA
Highest known parent: VTV INVEST. The sources do not say who stands above it.
Owners 1
- VTV INVESTparent99.17%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Recognised contractor
2 categoriesAFERVA SA21346
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B & A
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Of 4,093 companies in sector 43240 we hold annual accounts for 1,634. 1,135 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-08-1985
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43320Joinery installation
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427572139
Also
9925:BE0427572139
Registered
26-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.