Affitto
ActiveSummary
Affitto has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €608,333 and a net result of €78,315. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 46% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+1
Solvency68▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 2.17 against 1.48 in 2023; short-term debt: 6.9% and cash: 11.2% of total assets), but 57.2% of the assets are financed with debt.
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Signals
Three 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-08-2025, 14 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
not confirmed
2024
14 d late
2023
23 d early
2022
34 d early
2021
73 d late
2020
32 d early
2019
291 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 48 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 (1)
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2024, micro schema
In the rankings
#8 company by total assets in Tervuren, Construction sector#9 company by equity in Tervuren, Construction sector
Equity
€608,333▲ 12.0%
2023 · €542,934
Total assets
€1.4m▼ 7.6%
2023 · €1.5m
Net result
€78,315▼ 4.0%
2023 · €81,611
Working capital
€113,814▲ 11.1%
2023 · €102,458
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€45,585▼ 78.1%€83,557▲ 83.3%€70,443▼ 15.7%€120,229▲ 70.7%€115,989▼ 3.5%
Net result€13,039within the sector's middle half▼ 90.7%€50,396above the sector's middle half▲ 286%€40,028above the sector's middle half▼ 20.6%€81,611above the sector's middle half▲ 104%€78,315above the sector's middle half▼ 4.0%
Equity€505,877within the sector's middle half▲ 2.3%€554,673above the sector's middle half▲ 9.6%€593,101above the sector's middle half▲ 6.9%€542,934above the sector's middle half▼ 8.5%€608,333above the sector's middle half▲ 12.0%
Total assets€1.1mwithin the sector's middle half▼ 2.0%€1.2mabove the sector's middle half▲ 5.6%€1.3mabove the sector's middle half▲ 7.5%€1.5mabove the sector's middle half▲ 21.9%€1.4mabove the sector's middle half▼ 7.6%
Debt€606,827▼ 5.3%€620,032▲ 2.2%€669,576▲ 8.0%€995,948▲ 48.7%€814,305▼ 18.2%
Working capital€433,859▼ 1.4%€411,629▼ 5.1%€298,775▼ 27.4%€102,458▼ 65.7%€113,814▲ 11.1%
Solvency45.5%within the sector's middle half▲ 1.9pp47.2%within the sector's middle half▲ 1.8pp47.0%within the sector's middle half▼ 0.2pp35.3%within the sector's middle half▼ 11.7pp42.8%within the sector's middle half▲ 7.5pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 4% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.2m ▼ 1.0%
Current assets
€211,355 ▼ 33.0%
Equity and liabilities €1.4m
Equity
€608,333 ▲ 12.0%
Debt
€814,305 ▼ 18.2%
Debt's share of the balance-sheet total falls from 64.7% to 57.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€183,306▲
2023 · €166,584
Cash flow
€145,632▲
2023 · €127,967
Current ratio
2.17▲
2023 · 1.48
Quick ratio
2.16▲
2023 · 1.48
Debt to equity
1.34▼
2023 · 1.83
ROE
12.9%▼
2023 · 15.0%
ROA
5.5%▲
2023 · 5.3%
Interest coverage
15.09▲
2023 · 7.68
Debt ≤ 1 year
€97,541▼
2023 · €212,925
Debt > 1 year
€712,221▼
2023 · €780,640
Income taxes
€25,801▲
2023 · €17,489
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 17,792 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | €826 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,239 | €40,870 | €39,651 | €46,356 | €67,317 | ▲ 45.2% |
| Other operating charges640/8 | - | €4,346 | €24,705 | €5,909 | €10,539 | ▲ 78.4% |
| Non-recurring operating charges66A | - | - | - | €86 | €0 | ▼ 100% |
| Gross operating margin9900 | €93,076 | €128,772 | €134,799 | €172,579 | €193,845 | ▲ 12.3% |
| Operating profit (loss)9901 | €45,585 | €83,557 | €70,443 | €120,229 | €115,989 | ▼ 3.5% |
| Financial income75/76B | - | €143 | €113 | €556 | €276 | ▼ 50.4% |
| Recurring financial income75 | €23 | €143 | €113 | €556 | €276 | ▼ 50.4% |
| Financial charges65/66B | - | €18,550 | €15,504 | €21,684 | €12,148 | ▼ 44.0% |
| Recurring financial charges65 | €27,773 | €18,550 | €15,504 | €21,684 | €12,148 | ▼ 44.0% |
| Profit (loss) for the period before taxes9903 | €17,834 | €65,150 | €55,052 | €99,100 | €104,116 | ▲ 5.1% |
| Income taxes67/77 | €4,795 | €14,754 | €15,024 | €17,489 | €25,801 | ▲ 47.5% |
| Profit (loss) for the period9904 | €13,039 | €50,396 | €40,028 | €81,611 | €78,315 | ▼ 4.0% |
| Profit (loss) for the period to be appropriated9905 | €13,039 | €50,396 | €40,028 | €81,611 | €78,315 | ▼ 4.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €1.3m | €1.5m | €1.4m | ▼ 7.6% |
| Fixed assets21/28 | €590,308 | €622,774 | €871,428 | €1.2m | €1.2m | ▼ 1.0% |
| Tangible fixed assets22/27 | €589,808 | €622,274 | €870,928 | €1.2m | €1.2m | ▼ 1.0% |
| Land and buildings22 | - | €610,624 | €857,437 | €1.2m | €1.2m | ▼ 1.1% |
| Plant, machinery and equipment23 | - | €857 | €5,414 | €3,985 | €6,957 | ▲ 74.6% |
| Furniture and vehicles24 | - | €10,794 | €8,077 | €5,361 | €3,502 | ▼ 34.7% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €522,396 | €551,930 | €391,249 | €315,384 | €211,355 | ▼ 33.0% |
| Stocks and contracts in progress3 | - | - | - | - | €242 | - |
| Stocks30/36 | - | - | - | - | €242 | - |
| Amounts receivable within one year40/41 | €346,496 | €338,076 | €102,670 | €137,488 | €46,747 | ▼ 66.0% |
| Trade receivables40 | - | €145,242 | €50,853 | €30,103 | €46,538 | ▲ 54.6% |
| Other amounts receivable41 | - | €192,834 | €51,817 | €107,385 | €210 | ▼ 99.8% |
| Cash at bank and in hand54/58 | €172,869 | €211,266 | €288,578 | €171,617 | €159,134 | ▼ 7.3% |
| Deferred charges and accrued income490/1 | - | €2,588 | €0 | €6,280 | €5,232 | ▼ 16.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.3m | €1.5m | €1.4m | ▼ 7.6% |
| Equity10/15 | €505,877 | €554,673 | €593,101 | €542,934 | €608,333 | ▲ 12.0% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €493,477 | €542,273 | €580,701 | €530,534 | €595,933 | ▲ 12.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €540,413 | €578,841 | €528,674 | €594,073 | ▲ 12.4% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €606,827 | €620,032 | €669,576 | €995,948 | €814,305 | ▼ 18.2% |
| Amounts payable after more than one year17 | €518,146 | €479,730 | €575,237 | €780,640 | €712,221 | ▼ 8.8% |
| Financial debts170/4 | - | €479,730 | €575,237 | €780,640 | €712,221 | ▼ 8.8% |
| Amounts payable within one year42/48 | €88,537 | €140,301 | €92,474 | €212,925 | €97,541 | ▼ 54.2% |
| Current portion of amounts payable after more than one year42 | - | €38,415 | €39,706 | €57,986 | €60,600 | ▲ 4.5% |
| Trade debts44 | €1,553 | €61,782 | €1,836 | €2,944 | €2,661 | ▼ 9.6% |
| Suppliers440/4 | - | €61,782 | €1,836 | €2,944 | €2,661 | ▼ 9.6% |
| Taxes, remuneration and social security45 | - | €12,825 | €49,333 | €20,218 | €19,270 | ▼ 4.7% |
| Taxes450/3 | - | €12,825 | €49,333 | €20,218 | €19,270 | ▼ 4.7% |
| Other amounts payable47/48 | - | €27,280 | €1,600 | €131,778 | €15,010 | ▼ 88.6% |
| Accrued charges and deferred income492/3 | - | €0 | €1,865 | €2,382 | €4,544 | ▲ 90.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,039 | €50,396 | €40,028 | €81,611 | €78,315 | ▼ 4.0% |
| + Depreciation and write-downs630 | €39,239 | €40,870 | €39,651 | €46,356 | €67,317 | ▲ 45.2% |
| Operating cash flow (approximation) | €52,278 | €91,265 | €79,679 | €127,967 | €145,632 | ▲ 13.8% |
| Investment in fixed assets (approximation) | - | -€73,336 | -€288,304 | -€398,426 | -€55,102 | ▲ 86.2% |
| Change in cash | - | €38,397 | €77,312 | -€116,962 | -€12,483 | ▲ 89.3% |
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
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 291 days late
2020
31-12
Financial
Weakest financial yearnet €13,039 ▼90.7%
Net result drops to €13,039, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500,000Eq €505,877 ▲2.3%
3 profitable years in a row build equity to €505,877.
2019
31-12
Financial
Highest result since 2018net €140,329 ▲11.9%
Operating result €208,337, net result €140,329, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 61 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 61 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 180 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Tervuren · 1 establishment unit since 2010
Ground area
2,887 m²
Building footprint
285 m²
Volume, LiDAR
1,469 m³
2 parcels, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Affitto
since 20102.185.408.515
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24114B0503/00K000 | Flanders | 1,555 m² | 1 · 91 m² | 9.9 m · 3 fl. |
| 24061F0005/00F002 | Flanders | 1,331 m² | 1 · 193 m² | 6.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 98 EUR awarded · 98 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 98 EUR | 98 EUR |
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 3,776 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
Founded26-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
42220Construction of utility projects for electricity and telecommunications
43221Plumbing work
43230Insulation installation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0822795075
Also
9925:BE0822795075
Registered
04-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.