AFFINITIC
ActiveSummary
The annual accounts of AFFINITIC for fiscal year 2025 show a net loss of 55% of total assets and of 64% of the equity at the start of that year. The 2025 annual accounts show equity of €54,515 and a net result of -€98,348. Equity is shrinking by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 39% of 683 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency55▼-28
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.07 against 2.43 in 2024; short-term debt: 67.6% and cash: 57.1% of total assets), and 69.6% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer 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
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
30.4%
Return on assets
-54.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
65 d late
2023
109 d late
2022
31 d late
2021
25 d late
2020
16 d late
2019
25 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 43 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% 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, micro schema
Turnover
€967,717
EBIT margin
7.4%
Net result
-€98,348
2024 · €90,012
Working capital
€8,009▼ 93.7%
2024 · €127,084
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
Turnover€967,717
Operating result€71,620-€57,109-€44,443▲ 22.2%€91,080-€97,822
Net result€70,934-€57,844-€45,736▲ 20.9%€90,012-€98,348
EBIT margin7.4%
Equity€166,431▲ 74.3%€108,587▼ 34.8%€62,851▼ 42.1%€152,862▲ 143%€54,515▼ 64.3%
Total assets€452,678▲ 105%€318,107▼ 29.7%€186,713▼ 41.3%€265,188▲ 42.0%€179,294▼ 32.4%
Debt€286,248▲ 128%€209,520▼ 26.8%€123,863▼ 40.9%€112,325▼ 9.3%€124,780▲ 11.1%
Working capital€133,032▲ 108%€65,090▼ 51.1%€23,845▼ 63.4%€127,084▲ 433%€8,009▼ 93.7%
Staff (FTE)4.52.7▼ 40.0%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €97,822 after €91,080 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179,294
Fixed assets
€50,154 ▲ 1.6%
Current assets
€129,140 ▼ 40.2%
Equity and liabilities €179,294
Equity
€54,515 ▼ 64.3%
Debt
€124,780 ▲ 11.1%
Debt's share of the balance-sheet total rises from 42.4% to 69.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€84,786▼
2024 · €104,308
Cash flow
-€85,312▼
2024 · €103,239
Current ratio
1.07▼
2024 · 2.43
Debt to equity
2.29▲
2024 · 0.73
ROE
-180.4%▼
2024 · 58.9%
ROA
-54.9%▼
2024 · 33.9%
Interest coverage
-245.36▼
2024 · 129.32
Debt ≤ 1 year
€121,131▲
2024 · €88,734
Debt > 1 year
€3,648▼
2024 · €23,591
Income taxes
€180▼
2024 · €262
Staff costs
€117,180▲
2024 · €110,129
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
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 0.4% 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 5,827 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €967,717 | - | - | - | - | - |
| Non-recurring operating income76A | €5,150 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €554,808 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €336,603 | €347,590 | €194,329 | €110,129 | €117,180 | ▲ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,509 | €14,527 | €14,233 | €13,228 | €13,036 | ▼ 1.4% |
| Other operating charges640/8 | €403 | €594 | €484 | €537 | €500 | ▼ 7.0% |
| Non-recurring operating charges66A | €924 | - | - | - | - | - |
| Gross operating margin9900 | €418,060 | €305,602 | €164,604 | €214,974 | €32,893 | ▼ 84.7% |
| Operating profit (loss)9901 | €71,620 | -€57,109 | -€44,443 | €91,080 | -€97,822 | ▼ 207% |
| Financial income75/76B | €1 | - | €0 | €0 | €0 | - |
| Recurring financial income75 | €1 | - | €0 | €0 | €0 | - |
| Financial charges65/66B | €687 | €515 | €1,103 | €807 | €346 | ▼ 57.2% |
| Recurring financial charges65 | €687 | €515 | €1,103 | €807 | €346 | ▼ 57.2% |
| Profit (loss) for the period before taxes9903 | €70,934 | -€57,624 | -€45,546 | €90,274 | -€98,168 | ▼ 209% |
| Income taxes67/77 | - | €220 | €190 | €262 | €180 | ▼ 31.2% |
| Profit (loss) for the period9904 | €70,934 | -€57,844 | -€45,736 | €90,012 | -€98,348 | ▼ 209% |
| Profit (loss) for the period to be appropriated9905 | €70,934 | -€57,844 | -€45,736 | €90,012 | -€98,348 | ▼ 209% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €452,678 | €318,107 | €186,713 | €265,188 | €179,294 | ▼ 32.4% |
| Fixed assets21/28 | €33,399 | €76,830 | €62,596 | €49,369 | €50,154 | ▲ 1.6% |
| Tangible fixed assets22/27 | €10,462 | €53,892 | €39,659 | €26,431 | €27,216 | ▲ 3.0% |
| Plant, machinery and equipment23 | €5,406 | €6,787 | - | - | - | - |
| Furniture and vehicles24 | €4,654 | €47,106 | €39,659 | €26,431 | €27,216 | ▲ 3.0% |
| Other tangible fixed assets26 | €402 | - | - | - | - | - |
| Financial fixed assets28 | €22,937 | €22,937 | €22,937 | €22,937 | €22,937 | = |
| Current assets29/58 | €419,279 | €241,277 | €124,117 | €215,819 | €129,140 | ▼ 40.2% |
| Amounts receivable within one year40/41 | €361,616 | €143,677 | €94,145 | €137,211 | €26,832 | ▼ 80.4% |
| Trade receivables40 | €351,042 | €124,593 | €62,174 | €132,152 | €26,832 | ▼ 79.7% |
| Other amounts receivable41 | €10,574 | €19,084 | €31,971 | €5,059 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €56,709 | €95,062 | €29,898 | €75,486 | €102,309 | ▲ 35.5% |
| Deferred charges and accrued income490/1 | €955 | €2,538 | €73 | €3,122 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €452,678 | €318,107 | €186,713 | €265,188 | €179,294 | ▼ 32.4% |
| Equity10/15 | €166,431 | €108,587 | €62,851 | €152,862 | €54,515 | ▼ 64.3% |
| Contributions10/11 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €158,071 | €100,227 | €54,491 | €144,502 | €46,155 | ▼ 68.1% |
| Amounts payable17/49 | €286,248 | €209,520 | €123,863 | €112,325 | €124,780 | ▲ 11.1% |
| Amounts payable after more than one year17 | - | €33,332 | €23,591 | €23,591 | €3,648 | ▼ 84.5% |
| Financial debts170/4 | - | €33,332 | €23,591 | €23,591 | €3,648 | ▼ 84.5% |
| Amounts payable within one year42/48 | €286,248 | €176,187 | €100,272 | €88,734 | €121,131 | ▲ 36.5% |
| Current portion of amounts payable after more than one year42 | €3,362 | €12,851 | €13,075 | €0 | €10,089 | - |
| Trade debts44 | €190,840 | €97,101 | €29,037 | €27,594 | €33,898 | ▲ 22.8% |
| Suppliers440/4 | €190,840 | €97,101 | €29,037 | €27,594 | €33,898 | ▲ 22.8% |
| Taxes, remuneration and social security45 | €89,834 | €63,706 | €37,201 | €37,998 | €55,433 | ▲ 45.9% |
| Taxes450/3 | €44,395 | €3,866 | €17,027 | €18,188 | €17,564 | ▼ 3.4% |
| Remuneration and social security454/9 | €45,439 | €59,840 | €20,174 | €19,810 | €37,870 | ▲ 91.2% |
| Other amounts payable47/48 | €2,212 | €2,530 | €20,959 | €23,143 | €21,711 | ▼ 6.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70,934 | -€57,844 | -€45,736 | €90,012 | -€98,348 | ▼ 209% |
| + Depreciation and write-downs630 | €8,509 | €14,527 | €14,233 | €13,228 | €13,036 | ▼ 1.4% |
| Operating cash flow (approximation) | €79,443 | -€43,317 | -€31,503 | €103,239 | -€85,312 | ▼ 183% |
| Investment in fixed assets (approximation) | - | -€57,958 | -€0 | €0 | -€13,821 | - |
| Change in cash | - | €38,354 | -€65,164 | €45,588 | €26,823 | ▼ 41.2% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet -€98,348
Net result drops to -€98,348, the lowest in the series.
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 65 days late
2024
31-12
Financial
Back to profitnet €90,012
Net result €90,012 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €152,862 ▲143%
Equity rises from €62,851 to €152,862.
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 109 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Back to profitnet €70,934
Net result €70,934 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €166,431 ▲74.3%
Equity rises from €95,497 to €166,431.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €50,480
Net result €50,480 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €151,856 ▲49.8%
Equity rises from €101,376 to €151,856.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
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, Nivelles · 1 establishment unit since 2006
Ground area
1,427 m²
Building footprint
511 m²
Volume, LiDAR
3,540 m³
Parcel 25099D0025/00A002, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
AFFINITIC
since 20062.155.813.518
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25099D0025/00A002 | Wallonia | 1,427 m² | 1 · 511 m² | 8.5 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 ownerOwners 1
-
10.75%
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.
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Of 1,289 companies in sector 58290 we hold annual accounts for 594. 452 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 (pre-2019)
Founded11-07-2006
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0882564990
Registered
22-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.