Losses
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The accounts state no turnover.
In 2025, 16 people joined and 22 left.
Short-term debts fell from €573,180 to €298,019.
The 2021 accounts came latest: 30 days after the end of the period.
Lower net result than 83% of companies in residential care. Sector median €94,822 · 604 companies.
The dashed line is the sector median: < 0.1% across 612 companies (NACE 87, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 87, small). It does better than 51% of them on solvency, 23% on liquidity, 4% on profitability and 96% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 224 companies had the same profile as AFFECT2U has now. Each dot is one company, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AFFECT2U itself is lower: 0.2% within 12 months. It rests on far more data about AFFECT2U than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 224 companies, not a prediction for AFFECT2U. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.08 (0.37 in 2024), below the usual 1.5. Short-term debt is 51.8% and cash 13.5% of total assets. 51.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 8 days after the deadline. In the sector (NACE 87), the median for financial year 2024 was 27 days before the deadline, and 25% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| AFFECT2U Stabroek | - | - | 48.2% | 11.7 |
| LA MAISON EDELWEISS Ath | - | - | 65.3% | 8 |
| Les Jardins du 8ème jour - Nokto Brussels | €0.2m | 7.0% | 58.9% | 16.7 |
| LE REGAIN Charleroi | €0.8m | 14.2% | 71.8% | 9.7 |
| LUWAPI Wavre | €1.9m | 1.1% | 19.5% | 20.6 |
| NEA ELPIDA Walcourt | €1.7m | -1.9% | -72.9% | 21.3 |
| Résidence Le Château arc-en-ciel La Louvière | - | - | 63.6% | 13 |
These companies have their main activity in the same NACE class as AFFECT2U: residential care activities (NACE 8720). With exactly the same main activity (NACE 87204), too few companies are of comparable size. They are comparable in size and age: total assets between €330,000 and €1.3m, founded between 2013 and 2019.
AFFECT2U files the abbreviated format. That format states no turnover. The gross margin rose from €135,164 in 2020 to €875,715 in 2025.
POLDERS INVESTERINGSFONDS holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.1m. Estimated: probably between €1.2m and €3.5m.
Higher than 48% of 602 companies in 2025.
Higher than 32% of 598 companies in 2025.
Lower than 95% of 602 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 16 people joined and 22 left. Training hours in 2025: 99.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
575,868 | 578,224 | 648,947 | 618,331 | 582,358 | 647,779 | |
20 |
0 | 7,832 | 19,776 | 31,720 | 43,663 | 55,607 | |
21/28 |
253,864 | 356,798 | 437,431 | 476,868 | 426,157 | 461,646 | |
21 |
210,235 | 260,933 | 313,545 | 341,666 | 389,926 | 438,186 | |
22/27 |
39,130 | 91,365 | 119,386 | 130,702 | 31,731 | 18,960 | |
23 |
34,056 | 81,051 | 110,919 | 118,445 | 25,437 | 17,842 | |
24 |
5,074 | 10,315 | 8,467 | 12,257 | 6,294 | 1,117 | |
28 |
4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | |
29/58 |
322,003 | 213,594 | 191,740 | 109,743 | 112,538 | 130,526 | |
40/41 |
232,947 | 164,208 | 145,879 | 70,028 | 66,481 | 20,525 | |
40 |
232,901 | 164,208 | 145,879 | 64,374 | 66,481 | 20,525 | |
41 |
45 | - | 0 | 5,654 | - | - | |
54/58 |
77,672 | 34,422 | 39,353 | 33,704 | 46,057 | 109,544 | |
490/1 |
11,384 | 14,964 | 6,509 | 6,012 | 0 | 458 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
575,868 | 578,224 | 648,947 | 618,331 | 582,358 | 647,779 | |
10/15 |
277,849 | -914,314 | -688,133 | -758,319 | -313,396 | 64,343 | |
10/11 |
1.4m | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
14 |
-1.1m | -1.0m | -788,133 | -858,319 | -413,396 | -35,657 | |
17/49 |
298,019 | 1.5m | 1.3m | 1.4m | 895,754 | 583,436 | |
17 |
0 | 919,359 | 896,594 | 690,221 | 489,957 | 406,143 | |
170/4 |
0 | 100,000 | 151,691 | 212,812 | 346,957 | 406,143 | |
178/9 |
0 | 819,359 | 744,904 | 477,410 | 143,000 | - | |
42/48 |
298,019 | 573,180 | 405,962 | 681,417 | 404,387 | 177,293 | |
42 |
0 | 51,691 | 61,121 | 60,146 | 59,186 | 58,241 | |
44 |
116,174 | 367,022 | 200,889 | 351,599 | 153,309 | 66,243 | |
440/4 |
116,174 | 367,022 | 200,889 | 351,599 | 153,309 | 66,243 | |
46 |
0 | 2,592 | - | - | 0 | 2,725 | |
45 |
119,133 | 151,224 | 143,302 | 269,023 | 191,893 | 50,084 | |
450/3 |
22,246 | 34,955 | 30,666 | 45,027 | 21,919 | 472 | |
454/9 |
96,888 | 116,269 | 112,636 | 223,996 | 169,974 | 49,612 | |
47/48 |
62,712 | 650 | 650 | 650 | - | - | |
492/3 |
- | 0 | 34,524 | 5,011 | 1,410 | - | |
| Income statement | |||||||
9900 |
875,715 | 908,758 | 1.2m | 800,438 | 383,005 | 135,164 | |
62 |
885,958 | 1.0m | 999,504 | 1.1m | 680,681 | 147,124 | |
630 |
93,583 | 107,525 | 99,638 | 86,364 | 65,928 | 22,062 | |
640/8 |
1,244 | 4,516 | 1,300 | 4,763 | 6,758 | 370 | |
9901 |
-105,070 | -226,992 | 110,767 | -419,902 | -370,363 | -34,392 | |
75/76B |
1,580 | 4,505 | 102 | 533 | 36 | 21 | |
75 |
1,580 | 4,505 | 102 | 533 | 36 | 21 | |
65/66B |
4,346 | 3,694 | 40,683 | 25,554 | 7,413 | 1,285 | |
65 |
4,346 | 3,694 | 40,683 | 25,554 | 7,413 | 1,285 | |
9903 |
-107,837 | -226,181 | 70,186 | -444,922 | -377,740 | -35,657 | |
9904 |
-107,837 | -226,181 | 70,186 | -444,922 | -377,740 | -35,657 | |
9905 |
-107,837 | -226,181 | 70,186 | -444,922 | -377,740 | -35,657 | |
| Appropriation of the result | |||||||
9906 |
-1.1m | -1.0m | -788,133 | -858,319 | -413,396 | -35,657 | |
14P |
-1.0m | -788,133 | -858,319 | -413,396 | -35,657 | - | |
| Social balance sheet | |||||||
9087 |
11.7 | 14.2 | 14.9 | 16.6 | 12 | 6.8 | |
Hours worked1013 |
19,575 | 23,332 | 23,920 | 29,220 | 19,230 | 4,240 | |
| Document | |||||||
The notes to these accounts have 21 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00367079 | |
| 31-12-2024 | abbreviated format | 30-06-2025 | 2025-00201669 | |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00400161 | |
| 31-12-2022 | abbreviated format | 08-08-2023 | 2023-00319423 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20349988 | |
| 31-12-2020 | micro format | 12-08-2021 | 2021-48000157 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| -11,487 | -119,468 | 210,406 | -333,539 | -304,434 | -12,330 | ||
| -14,254 | -118,657 | 169,824 | -358,559 | -311,811 | -13,595 | ||
| 699 | 14,948 | 48,257 | 125,131 | 18,495 | 479,596 | ||
| 43,251 | -4,931 | 5,649 | -12,354 | -63,486 | - | ||
| 23,985 | -359,585 | -214,221 | -571,673 | -291,849 | -46,767 | ||
| 48.2% | -158.1% | -106.0% | -122.6% | -53.8% | 9.9% | ||
| 1.08 | 0.37 | 0.47 | 0.16 | 0.28 | 0.74 | ||
| 1.07 | - | - | - | - | 9.07 | ||
| -38.8% | - | - | - | - | -55.4% | ||
| -18.7% | -39.1% | 10.8% | -72.0% | -64.9% | -5.5% | ||
| -2.64 | -32.34 | 5.17 | -13.05 | -41.07 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 10 | 16 | 14 | 19 | 18 |
| full-time | 8 | 10 | 10 | 14 | 10 |
| part-time | 2 | 6 | 4 | 5 | 8 |
| in full-time equivalents | - | 14.4 | 13.3 | 17.7 | 15.8 |
| 11.7 | 14.2 | 14.9 | 16.6 | 12 | |
| On a permanent contract | 10 | 12 | 12 | 12 | 12 |
| Joined | 16 | 55 | 57 | 21 | 13 |
| Left | 22 | 53 | 62 | 20 | 4 |
| Training hours | 99 | - | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €699 | €14,948 | €26,497 | €125,131 | €18,495 |
| Intangible fixed assets | - | - | €21,760 | - | - |
| Financial fixed assets | €0 | - | - | - | - |
| €93,583 | €107,525 | €99,638 | €86,364 | €65,928 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €105,070, smaller than the loss of €226,992 in 2024.
Debt's share of the balance-sheet total is 51.8%.
Deed of 04-12-2025Capital contribution of €1,300,000Contribution: POLDERS INVESTERINGSFONDS · Appointment: Maximilien Van de Vyver (company auditor) · POLDERS INVESTERINGSFONDS holds all the shares
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of POLDERS INVESTERINGSFONDS. Every holding stands with its own latest accounts.
Part of the group POLDERS INVESTERINGSFONDS Group, risk and exposure| VLAAMSE ECOLOGIE-ENERGIE- EN MILIEUONDERNEMING 3
establishment since 02-02-2018 · founded in 2016 |
turnover €34.9m (2025) 0648.714.917 |
| POLDERS INVESTERINGSFONDS
establishment since 14-09-2017 · founded in 1999 |
12 FTE (2025) 0465.440.543 |
| VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING
establishment since 02-02-2018 · founded in 1999 |
total assets €13.2m (2025) 0466.687.982 |
| RavaWind
registered office since 15-10-2020 · founded in 2020 |
total assets €10.3m (2025) 0756.635.038 |
| VLAAMSE ECOLOGIE-ENERGIE -EN MILIEUONDERNEMING 2
establishment since 02-02-2018 · founded in 2014 |
total assets €3.8m (2025) 0564.760.229 |
| KREKELENBERG
registered office since 01-01-2018 · founded in 2016 · group POLDERS INVESTERINGSFONDS |
1 FTE (2025) 0659.815.873 |
| JDJ
registered office since 11-03-2019 · founded in 2005 · group POLDERS INVESTERINGSFONDS |
total assets €3.1m (2025) 0873.160.247 |
| EVENTNATIE
establishment since 01-01-2025 · founded in 2013 · group POLDERS INVESTERINGSFONDS |
total assets €311,703 (2025) 0534.444.759 |
| AERO CLUB HOEVENEN
registered office since 15-09-1977 · founded in 1977 |
total assets €129,254 (2025) 0417.641.121 |
| LéonSpark Invest
registered office since 17-09-2026 |
founded in 2026 1042.649.040 |
| BREBUILD ALGEMEEN BOUWBEDRIJF via BEN SIMONS, no longer at BREBUILD ALGEMEEN BOUWBEDRIJF · Director · deed of 19-06-2020 founded in 1991 · group B & R |
79 FTE (2025) |
| POLDERS WINDFONDS via CENTENARY (no longer at POLDERS WINDFONDS) and BEN SIMONS (no longer at POLDERS WINDFONDS) · Class A director · deed of 01-04-2026 founded in 2018 · group POLDERS INVESTERINGSFONDS |
total assets €12.8m (2025) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
AFFECT2U was incorporated on 28 August 2020 as a private limited company by POLDERS INVESTERINGSFONDS and one natural person, with a starting capital of €100,000.12 The board currently has 2 members.3 Total assets fell from €647,779 in 2020 to €575,868 in 2025 and headcount from 6.8 to 11.7 full-time equivalents.4
| Establishment | Since | Unit number |
|---|---|---|
| Hoge Weg 157 registered office 2940 Stabroek | ||
| De Breem 11 2350 Vosselaar | 15-07-2021 | 2.323.533.941 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11020I0208/00Z002 | 4,236 m² | 1 · 234 m² | 10.4 m · 3 |
| 13046B0382/00E000 | 935 m² | 1 · 185 m² | 12.7 m · 3 |
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