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AFH BELGIUM

Active
Private limited companyfounded 2010active for 16 yearsde Meeûssquare 37, 1000 Brussel, Belgium66 active companies are registered at this addressKBO/BCE: BE 0828.719.203

From the official registers: KBO 16 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

AFH BELGIUM has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €3.5m and a net result of €189,341. Equity has been shrinking by about 17% per year since 2019. If that trend continues, it turns negative around financial year 2029. Its solvency ranks better than 78% of 361 sector peers (NACE 47, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

KBO
Status
Active since 25-08-2010 Normal situation
Legal form
Private limited company
Registered office
de Meeûssquare 37, 1000 Brussel
Activity
Retail sale of clothing and accessories for women, men, children and babies (general range) NACE 47716and 2 others
Establishment units
6 establishment units
Financial year end
31 January
Peppol
Reachable since 31-12-2025

Board and ownership

Board
  • Henchel Gregory JennerDirector · since 01-10-2018
  • Mollerstrom Karin Anna KristinaDirector · since 23-01-2019
Auditor
PricewaterhouseCoopers Réviseurs d'Entreprises SC SCRL
Shareholders

Financial position

97 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 31-01-2026
Turnover
€6.1m
▼ 14.1%
Profit
€189,341
▼ 34.7%
Equity
€3.5m
▲ 5.7%
Total assets
€5.3m
▼ 2.5%
Staff
32.4 FTE
▲ 9.5%
2026 accounts filed 12 days before the deadline
Filed on 19-08-2026at the National Bank
Score breakdownlowers riskLiquidity: current ratio 3.56, cash €2.8mFounded in 2010Equity €3.5m (65.7% of total assets)Figures for financial year 2026 (filed on 22-08-2026)Show the evidence

Checked score

Score 2026
97 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 73% of small companies in retail trade (NACE 47)
Financial strength · tick: 2025
Strong
Solvency 91+5
equity 65.7% of total assets
Liquidity 91+3
short-term debt 25.1% · cash 52.3%
Profitability 79+13
return on assets 3.5%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,694 companies, NACE 47, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.3%▲ +0.2 percentage points vs 08-2025highest value 10-2025: < 0.1%▼ -0.3 percentage points vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €340,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.56 (2.78 in 2025), above the usual 1.5. Short-term debt is 25.1% and cash 52.3% of total assets. 34.3% of the assets are financed with debt and provisions.
Calculation

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 47, small). It does better than 85% of them on solvency, 97% on liquidity, 77% on profitability and 34% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

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).

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Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 3.56, cash €2.8m
NBB · annual accounts
lowers risk · Founded in 2010
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €3.5m (65.7% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2026 (filed on 22-08-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 19-08-2026, 12 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2026
12 days early
2025
2 days late
2024
28 days early
2023
on the day
2022
20 days early
2021
27 days early
2020
32 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: More equity than 85% of companies in retail tradesector median €635,000 · 361 companies €3.5m View
  • Caution: Result fell in 2026from €289,755 to €189,341 ▼ 34.7% View
  • Positive: 5 profitable years in a rowprofit 2026: €189,341 5 years View

Documents

Annual accounts at the NBB

All 16 annual accounts

Articles and registers

Key facts about AFH BELGIUM

What is the company number of AFH BELGIUM?
The company number of AFH BELGIUM is 0828.719.203. The VAT number is the same number with BE in front: BE 0828.719.203.
Where is AFH BELGIUM based?
The registered office is at de Meeûssquare 37, 1000 Brussel.Company details
What does AFH BELGIUM do?
According to the KBO register, the main activity is retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716).
What is the legal form of AFH BELGIUM?
The legal form of AFH BELGIUM is Private limited company (BV).
When was AFH BELGIUM founded?
AFH BELGIUM was founded on 25-08-2010.
Is AFH BELGIUM still active?
Yes, AFH BELGIUM is an active enterprise in the KBO register.
How many employees does AFH BELGIUM have?
AFH BELGIUM had an average of 32.4 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
What is the turnover of AFH BELGIUM?
The turnover of AFH BELGIUM was €6.1m in financial year 2026, according to the filed annual accounts.
Is AFH BELGIUM profitable?
In financial year 2026, AFH BELGIUM made a profit of €189,341.
Where can I find the annual accounts of AFH BELGIUM?
AFH BELGIUM filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2026.Annual accounts at the National Bank

Comparable companies

These companies have the same main activity as AFH BELGIUM: retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716). They are comparable in size and age: total assets between €3.8m and €9m, founded between 2002 and 2013.

CompanyTotal assetsTurnover
AFH BELGIUM Brussel€5.3m€6.1m
BA&SH BELGIUM Brussel€3.8m€5.0m
Sissy-Boy België Antwerpen€5.6m€10.8m
MICHAEL KORS BELGIUM Maasmechelen€4.1m€8.3m
PEEK & CLOPPENBURG ANSON'S Brussel€8.6m€7.7m
GUESS BELGIUM Watermaal-Bosvoorde€4.1m€9.5m
ZV Belgium Elsene€9.0m€9.8m
Full comparison

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