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Checked.be
Complete company report
Generated 21-08-2026
Active BE 0675.440.890Private limited companyOpen bankruptcy

AFG COMPANY

· 9 yrs active
Conclusion Checked

A bankruptcy procedure is open for AFG COMPANY according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (€-6k) and a net result of €-5k.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €-6k
Net result €-5k
Staff (FTE) 3.8
Active 9 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health0Profitability50Solvency33Growth72Stability0
31 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 50
Solvency 33
Growth 72
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2023 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview7 NBB filings
Annual accounts filed on 30-09-2024 with the NBB · fiscal year 2023 · micro
€-40k€-20k€0€20kRevenue 2019: €3k€3kOperating result 2019: €-21k€-21kNet result 2019: €-27k€-27kRevenue 2020: €16k€16kOperating result 2020: €11k€11kNet result 2020: €-6k€-6kRevenue 2021: €7k€7kOperating result 2021: €-2k€-2kNet result 2021: €-2k€-2kOperating result 2022: €-3k€-3kNet result 2022: €-3k€-3kRevenue 2023: €28k€28kOperating result 2023: €-5k€-5kNet result 2023: €-5k€-5k20192020202120222023
RevenueOperating resultNet result
Revenue
€28k
+300.4% 18-23
Net profit
€-5k
-59.2% 18-23
Total assets
€1k
+496.3% 18-23
Equity
€-6k
-49.6% 18-23
Working capital
€-7k
-79.4% 18-23
Employees (FTE)
4
+72.7% 18-23
Staff costs
€15k
+33.3% 18-23
Debt
€7k
+74.3% 18-23
Show 8 other metrics
Debt ≤ 1y
€7k
+74.3% 18-23
Current ratio
0.03
-50.6% 18-23
Quick ratio
0.03
-50.6% 18-23
Solvency
-429.1%
+74.9% 18-23
Debt / equity
-1.23
-16.5% 18-23
ROE
80.2%
+6.4% 18-23
ROA
-344.3%
+73.3% 18-23
Net margin
-17.3%
+49.7% 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue€28k
EBITDA-
Net profit€-5k
Cash flow-
Staff costs€15k
Income taxes-
Dividends-
Total assets€1k
Equity€-6k
Debt€7k
of which ≤ 1y€7k
of which > 1y-
Working capital€-7k
Employees (FTE)3.8
Ratios (computed)
2023
Current ratio0.03
Quick ratio0.03
Working capital ratio-514.7%
Solvency-429.1%
Debt / equity-1.23
Long-term debt ratio-
Interest coverage-
Gross margin39.2%
Net margin-17.3%
ROA-344.3%
ROE80.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding76d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€1k
Fixed assets 21/28€1k
Financial fixed assets 28€1k
Current assets 29/58€203
Cash & bank 54/58€203
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1k
Equity 10/15€-6k
Contributions / capital 10/11€7k
Accumulated profits (losses) 14€-13k
Amounts payable 17/49€7k
Amounts payable within one year 42/48€7k
Trade debts payable within one year 44€4k
Income statement
Turnover 70€28k
Gross operating margin 9900€11k
Operating result 9901€-5k
Financial charges 65€-82
Result before taxes 9903€-5k
Net result for the period 9904€-5k
Result to be appropriated 9905€-5k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 5 directors
Current directors & mandates
  • BRAN VASILICA
    Director
    State Gazette act 25042710 (01-04-2025)
    Current
    12-03-2025 → present
  • SABURI Abdul Sabur
    Managing director
    State Gazette act 23140802 (08-11-2023)
    Current
    16-10-2023 → present
Former directors (3)
  • Qesmat Talwasa
    Director
    State Gazette act 24174497 (11-12-2024)
    Former
    26-11-2024 → 12-03-2025
    2 events
    • 12-03-2025 Resigned· Director (executive)
    • 26-11-2024 Appointed· Director
  • SABOORI ABDUL MANSUR
    Director (executive)
    State Gazette act 25042710 (01-04-2025)
    Former
    - → 12-03-2025
  • Saburi Abdul
    Director
    State Gazette act 24174497 (11-12-2024)
    Former
    - → 26-11-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator MANUELLA SENECAUT
RUE DES BRUYERES, 15, 7050 JURBISE- . Date provisoire de cessation de paiement : 22/09/2025
 22-09-2025 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company(610)
Incorporation04-05-2017
StatusActive
Postal code-
First BS signal 29-09-2025
Latest BS signal 29-09-2025
Establishment units 2 locations
AFG COMPANY
Avenue Docteur Schweitzer 4, 7340 ColfontaineWassen en poetsen van motorvoertuigen
since 20172.266.470.524
AFG HAVAY
Groothandel in werkkleding
since 20232.351.704.028
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53302B0835/02A000 Wallonia 758 m² 1 · 220 m² 13.2 m · 2 fl.
53037C0026/00X000 Wallonia 456 m² 1 · 114 m² 9.9 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
29-09-2025
Bankruptcy Opening
Tribunal de l’entreprise du Hainaut, division Mons · AFG COMPANY SRL ROUTE DE MONS-MAUBEUGE 12A, 7041 HAVAY · event 22-09-2025
01-04-2025
State Gazette act Director changes
27-02-2025
State Gazette act Registered-office change
2024
11-12-2024
State Gazette act Director changes
30-09-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
08-11-2023
State Gazette act Director changes
25-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
01-09-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
27-12-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
24-09-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
05-11-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
30-09-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
Lifecycle & Insolvency Signals1 events
29-09-2025
Bankruptcy Opening
Date: 22-09-2025 · Tribunal de l’entreprise du Hainaut, division Mons · AFG COMPANY SRL ROUTE DE MONS-MAUBEUGE 12A, 7041 HAVAY · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-09-29 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 8 acts read

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.

Belgisch Staatsblad, acts 4 acts
Address history · 1
27-02-2025
Registered-office move
All acts · 4 updated 1 year ago
2025
01-04-2025 1 director appointed, 2 resigning Director changes
  • BRAN VASILICA, Bestuurder
  • SABOORI ABDUL MANSUR, Directeur
  • QESMAT TALWASA, Directeur
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "BRAN VASILICA",
        "address": null,
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      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2025-03-12",
      "evidence_quote": "Monsieur BRAN VASILICA est nomm\u00E9e administrateur de la soci\u00E9t\u00E9 \u00E0 partir du 12.03.2025.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_out",
      "role": "directeur",
      "person": {
        "rrn": null,
        "name": "SABOORI ABDUL MANSUR",
        "address": null,
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      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2025-03-12",
      "evidence_quote": "Monsieur SABOORI ABDUL MANSUR d\u00E9missione de leurs postes des administrateur le 12.03.2025, d\u00E9charge compl\u00E8te et quitus leur est donn\u00E9 pour leurs gestions.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_out",
      "role": "directeur",
      "person": {
        "rrn": null,
        "name": "QESMAT TALWASA",
        "address": null,
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      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2025-03-12",
      "evidence_quote": "Madame QESMAT TALWASA d\u00E9missione de leurs postes des administrateur le 12.03.2025, d\u00E9charge compl\u00E8te et quitus leur est donn\u00E9 pour leurs gestions.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": null,
    "filing_date": "2025-03-25",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "enig_aandeelhouder_schriftelijk",
      "date": "2025-03-12",
      "unanimous": null
    },
    {
      "body": "enig_aandeelhouder_schriftelijk",
      "date": "2025-03-12",
      "unanimous": null
    },
    {
      "body": "enig_aandeelhouder_schriftelijk",
      "date": "2025-03-12",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0675.440.890",
    "name_full": "AFG COMPANY",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
27-02-2025 Registered office moved from Colfontaine to Quévy Registered-office change
  • Avenue Docteur Schweitzer 4 - 7340 Colfontaine → Route de Mons-Maubeuge (HAV) 12A-7041
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Route de Mons-Maubeuge (HAV) 12A-7041",
        "city": "Qu\u00E9vy",
        "region": "waals_gewest",
        "street": "Route de Mons-Maubeuge",
        "country": "BE",
        "postcode": "7041",
        "box_number": "12A",
        "street_number": null,
        "locality_suffix": "(HAV)"
      },
      "old_address": {
        "raw": "Avenue Docteur Schweitzer 4 - 7340 Colfontaine",
        "city": "Colfontaine",
        "region": "waals_gewest",
        "street": "Avenue Docteur Schweitzer",
        "country": "BE",
        "postcode": "7340",
        "box_number": null,
        "street_number": "4",
        "locality_suffix": null
      },
      "effective_date": "2025-02-18",
      "evidence_quote": "Extrait du Proc\u00E8s-verbal de l\u0027assembl\u00E9 g\u00E9n\u00E9rale extraordinaire du 01/02/2025.",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "immediate",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2025-02-27",
    "filing_date": null,
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "date": "2025-02-01",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0675.440.890",
    "name_full": "tn ente AFG COMPANY",
    "legal_form": "SRL",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "SABOORI Abdul",
    "org_rep_person_name": null,
    "person_role_at_subject": "Administrateur"
  },
  "co_filed_documents": []
}
2024
11-12-2024 1 director appointed, 1 resigning Director changes
  • Qesmat Talwasa, Bestuurder
  • Saburi Abdul, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "administrateur",
      "person": {
        "rrn": null,
        "name": "Qesmat Talwasa",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2024-11-26",
      "evidence_quote": "Madame Qesmat Talwasa devient administrateur \u00E0 partir du 26/11/2024.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_out",
      "role": "administrateur",
      "person": {
        "rrn": null,
        "name": "Saburi Abdul",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2024-11-26",
      "evidence_quote": "M. Saburi Abdul n\u0027est plus administrateur \u00E0 partir du 26/11/2024.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2024-12-11",
    "filing_date": "2024-12-02",
    "act_kind_objet": "Nomination/D\u00E9mission administrateur"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2024-11-26",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0675.440.890",
    "name_full": "AFG COMPANY",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "texte int\u00E9gral"
  ],
  "corrected_publication_numac": null
}
2023
08-11-2023 SABURI Abdul Sabur appointed as managing director Director changes
  • SABURI Abdul Sabur, Gedelegeerd bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "administrateur_d\u00E9l\u00E9gu\u00E9",
      "person": {
        "rrn": null,
        "name": "SABURI Abdul Sabur",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2023-10-16",
      "evidence_quote": "Extrait du proc\u00E8s-verbal de l\u0027assembl\u00E9 g\u00E9n\u00E9rale extraordinaire du 16/10/2023: Les soussign\u00E9s, agissant en leur qualit\u00E9 d\u0027associ\u00E9s la srl AFG COMPANY \u00E9noncent par le pr\u00E9sent proc\u00E8s-verbal, avoir pris ce jour au si\u00E8ge social de la soci\u00E9t\u00E9, les d\u00E9cisions suivantes: La nomination de M. SABURI Abdul Sabu",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Mons",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2023-11-08",
    "filing_date": null,
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-10-16",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0675.440.890",
    "name_full": "AFG COMPANY",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR AFG COMPANY
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative