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AFFIMMO

Active
Public limited companyfounded 2010active for 15 yearsRue Croix-Henquin, Blier 8, 6997 Erezée, BelgiumKBO/BCE: BE 0831.944.848

From the official registers: KBO 15 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of AFFIMMO is 2.9% (moderate). The 2025 annual accounts show negative equity (-€11,033) and a net result of -€19,277. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, full format

Latest annual accounts filed

Annual accounts 2025

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Financial year ended
31-12-2025
Filed on
31-01-2026
Format
full format
Reference
2026-00032863
Turnover
≈ €15,000
Estimated: probably between €6,100 and €37,000
EBIT margin
Not included in this filing
Net result
-€19,277▼ 995%
2024 · -€1,760
Working capital
-€207,080▼ 12.0%
2024 · -€184,887
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result turns negative in 2025: a loss of €17,951 after €630 in 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€17,951 2025 Net result-€19,277 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€4,349-€2,662-€899-€34,774▼ 3,770%€12,445€8,231▼ 33.9%€630▼ 92.3%-€17,951
Net result-€10,484--€2,575▲ 75.4%-€5,412▼ 110%-€40,141▼ 642%€8,035€4,814▼ 40.1%-€1,760-€19,277▼ 995%
Equity€45,284-€42,709▼ 5.7%€37,297▼ 12.7%-€2,845€5,190€10,004▲ 92.7%€8,244▼ 17.6%-€11,033
Total assets€346,714-€331,717▼ 4.3%€317,528▼ 4.3%€261,292▼ 17.7%€242,971▼ 7.0%€227,937▼ 6.2%€211,732▼ 7.1%€196,416▼ 7.2%
Debt€301,429-€289,008▼ 4.1%€280,231▼ 3.0%€264,136▼ 5.7%€237,781▼ 10.0%€217,933▼ 8.3%€203,488▼ 6.6%€207,449▲ 1.9%
Working capital-€84,159--€97,527▼ 15.9%-€100,867▼ 3.4%-€153,226▼ 51.9%-€158,401▼ 3.4%-€167,825▼ 5.9%-€184,887▼ 10.2%-€207,080▼ 12.0%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €196,416
Fixed assets €196,047 ▼ 7.4%
Current assets €369 ▲ 694%
Equity and liabilities
Equity-€11,033
Debt€207,449
Equity is negative: debt (€207,449) exceeds the balance-sheet total (€196,416).
Key figures and ratios
2025 value · change against 2024
EBITDA
-€2,312▼
2024 · €16,268
Cash flow
-€3,638▼
2024 · €13,878
Solvency
-5.6%▼
2024 · 3.9%
Current ratio
0.00▲
2024 · 0.00
ROA
-9.8%▼
2024 · -0.8%
Interest coverage
-1.74▼
2024 · 6.81
Debt ≤ 1 year
€207,449▲
2024 · €184,933
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,333 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 90.6% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a small loss
2.8% went bankrupt
5.8% stopped otherwise
90.6% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.9% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,333 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines

Source: Annual accounts 2025 (PDF), filed with the National Bank on 31-01-2026.

Balance sheet Code20242025
Assets
Total assets20/58€211,732€196,416▼
Fixed assets21/28€211,685€196,047▼
Tangible fixed assets22/27€211,685€196,047▼
Land and buildings22€211,685€196,047▼
Current assets29/58€47€369▲
Cash at bank and in hand54/58€47€369▲
Equity and liabilities
Total equity and liabilities10/49€211,732€196,416▼
Equity10/15€8,244-€11,033▼
Contributions10/11€90,000€90,000=
Capital10€90,000€90,000=
Issued capital100€90,000€90,000=
Reserves13€1,000€1,000=
Non-distributable reserves130/1€1,000€1,000=
Legal reserve130€1,000€1,000=
Profit (loss) carried forward14-€82,756-€102,033▼
Amounts payable17/49€203,488€207,449▲
Amounts payable after more than one year17€18,555-
Financial debts170/4€18,555-
Amounts payable within one year42/48€184,933€207,449▲
Current portion of amounts payable after more than one year42€30,940€18,555▼
Trade debts44€1,540€1,783▲
Suppliers440/4€1,540€1,783▲
Other amounts payable47/48€152,454€187,111▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,638€15,638=
Other operating charges640/8€4,321€4,491▲
Gross operating margin9900€20,589€2,179▼
Operating profit (loss)9901€630-€17,951▼
Financial charges65/66B€2,390€1,326▼
Recurring financial charges65€2,390€1,326▼
Profit (loss) for the period before taxes9903-€1,760-€19,277▼
Profit (loss) for the period9904-€1,760-€19,277▼
Profit (loss) for the period to be appropriated9905-€1,760-€19,277▼
Appropriation of the result
Profit (loss) to be appropriated9906-€82,756-€102,033▼
Profit (loss) brought forward from the previous period14P-€80,996-€82,756▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,638€15,638€15,638€15,638€15,638€15,638€15,638€15,638=
Other operating charges640/8----€3,856€4,226€4,321€4,491▲ 3.9%
Gross operating margin9900€14,898€21,984€18,476€27,816€31,939€28,095€20,589€2,179▼ 89.4%
Operating profit (loss)9901-€4,349€2,662-€899-€34,774€12,445€8,231€630-€17,951-
Recurring financial income75€1,500€1,500€1,500------
Financial charges65/66B----€4,410€3,418€2,390€1,326▼ 44.5%
Recurring financial charges65€7,635€6,738€6,014€5,368€4,410€3,418€2,390€1,326▼ 44.5%
Profit (loss) for the period before taxes9903-€10,484-€2,575-€5,412-€40,141€8,035€4,814-€1,760-€19,277▼ 995%
Profit (loss) for the period9904-€10,484-€2,575-€5,412-€40,141€8,035€4,814-€1,760-€19,277▼ 995%
Profit (loss) for the period to be appropriated9905-€10,484-€2,575-€5,412-€40,141€8,035€4,814-€1,760-€19,277▼ 995%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€346,714€331,717€317,528€261,292€242,971€227,937€211,732€196,416▼ 7.2%
Fixed assets21/28€305,516€289,877€274,239€258,600€242,962€227,324€211,685€196,047▼ 7.4%
Tangible fixed assets22/27€305,516€289,877€274,239€258,600€242,962€227,324€211,685€196,047▼ 7.4%
Land and buildings22----€242,962€227,324€211,685€196,047▼ 7.4%
Current assets29/58€41,198€41,839€43,289€2,691€9€614€47€369▲ 694%
Cash at bank and in hand54/58€1,011€152€102€2,691€9€614€47€369▲ 694%
Equity and liabilities
Total equity and liabilities10/49€346,714€331,717€317,528€261,292€242,971€227,937€211,732€196,416▼ 7.2%
Equity10/15€45,284€42,709€37,297-€2,845€5,190€10,004€8,244-€11,033-
Contributions10/11€90,000€90,000€90,000€90,000€90,000€90,000€90,000€90,000=
Capital10----€90,000€90,000€90,000€90,000=
Issued capital100----€90,000€90,000€90,000€90,000=
Reserves13€1,000€1,000€1,000€1,000€1,000€1,000€1,000€1,000=
Non-distributable reserves130/1----€1,000€1,000€1,000€1,000=
Legal reserve130----€1,000€1,000€1,000€1,000=
Profit (loss) carried forward14-€45,716-€48,291-€53,703-€93,845-€85,810-€80,996-€82,756-€102,033▼ 23.3%
Amounts payable17/49€301,429€289,008€280,231€264,136€237,781€217,933€203,488€207,449▲ 1.9%
Amounts payable after more than one year17€176,073€149,641€136,075€108,219€79,370€49,495€18,555--
Financial debts170/4----€79,370€49,495€18,555--
Amounts payable within one year42/48€125,357€139,366€144,157€155,918€158,411€168,438€184,933€207,449▲ 12.2%
Current portion of amounts payable after more than one year42----€28,848€29,876€30,940€18,555▼ 40.0%
Trade debts44€1,282€1,283€1,283€1,286€1,537€1,537€1,540€1,783▲ 15.8%
Suppliers440/4----€1,537€1,537€1,540€1,783▲ 15.8%
Other amounts payable47/48----€128,026€137,026€152,454€187,111▲ 22.7%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€10,484-€2,575-€5,412-€40,141€8,035€4,814-€1,760-€19,277▼ 995%
+ Depreciation and write-downs630€15,638€15,638€15,638€15,638€15,638€15,638€15,638€15,638=
Operating cash flow (approximation)€5,154€13,063€10,226-€24,503€23,673€20,452€13,878-€3,638-
Investment in fixed assets (approximation)-€0€0€0€0€0€0€0-
Change in cash--€859-€50€2,589-€2,682€604-€567€323-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 31-01-2026 2026-00032863 PDF
31-12-2024 full format 27-05-2025 2025-00106872 PDF
31-12-2023 full format 19-03-2024 2024-00049130 PDF
31-12-2022 full format 07-07-2023 2023-00220746 PDF
31-12-2021 full format 19-03-2022 2022-08200251 PDF
31-12-2020 full format 31-05-2021 2021-16200249 PDF
31-12-2019 full format 15-03-2020 2020-07100380 PDF
31-12-2018 full format 21-06-2019 2019-21300022 PDF
31-12-2017 full format 06-06-2018 2018-16800488 PDF
31-12-2016 full format 18-07-2017 2017-33400147 PDF

Show all 15 filings

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