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

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 is shrinking by about 17% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2029. Its solvency ranks better than 77% of 339 sector peers (NACE 47, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

AFH BELGIUMActiveChecked score 97/100

Risk analysis Report Compare

Activity

Retail sale of clothing and accessories for women, men, children and babies (general range)

NACE 47716

5 sites

Size

€6.1mturnover 2026

Staff: 32.4 FTE
Equity: €3.5m
Profit: €189,341

Financial health

97 Excellent Checked score 2026

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

Parent: ABERCROMBIE & FITCH CO.

Auditor: PricewaterhouseCoopers Réviseurs d'Entreprises SC SCRL2026 accounts 12 days early2 of 19 deeds summarised

Why 97lowers riskLiquidity: current ratio 3.56, cash €2.8mFounded in 2010Equity €3.5m (65.7% of total assets)Figures for financial year 2026 (filed 22-08-2026)Show the evidence

Checked score

Score 2026

97 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 73% of its sector peers (NACE 47, small)

Every signal that counts is listed under Signals.

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, 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 ample (current ratio 3.56, compared with 2.78 in 2025, above the usual 1.5; short-term debt: 25.1% and cash: 52.3% of total assets), and 34.3% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 85% on solvency, 98% on liquidity, 77% on profitability and 34% on growth.

The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskneutral

Liquidity: current ratio 3.56, cash €2.8m

NBB · annual accounts

Founded in 2010

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Equity €3.5m (65.7% of total assets)

NBB · annual accounts

Figures for financial year 2026 (filed 22-08-2026)

NBB · annual accounts

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

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

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

19-08-2026 Annual accounts filedfinancial year 2026 · full…
04-09-2025 Annual accounts filedfinancial year 2025 · unclassified…
06-08-2024 Annual accounts filedfinancial year 2024 · unclassified…

Key points

Positive: Among the best 15% on equitysector median €655,969 · 339 companies €3.5m View
Controlled by ABERCROMBIE & FITCH CO.known shareholders 100% parent 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

By topic

Financials

Financial year: 2026
Turnover: €6.1m
Profit: €189,341
Solvency: 65.7%

Turnover▼ 14.1%

Net result

20192026

Go to Financials

Board & ownership

Parent: ABERCROMBIE & FITCH CO.
Known shareholders: 100%
Auditor: PricewaterhouseCoopers Réviseurs d'Entreprises SC…

Go to Board & ownership

Timeline

Events: 21
Since: 2013

03-02-2024Highest result from 2019 to 2026
25-01-2024Reappointment: PricewaterhouseCoopers Réviseurs d'Entreprises SC SCRL (statutory…
28-09-2023Reappointment: PriceWaterhouseCoopers Réviseurs d'Entreprises SRL (statutory auditor)

Go to Timeline

Company details

Sites: 5

Legal form: Private limited company
Activity: Retail sale of clothing and accessories for women…NACE 47716
Founded: 25-08-2010
Year ends: 31-01
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 27

Annual meeting: Last Friday of July at 10:00
Purpose: “Tous les produits de l’industrie de textile et de vêtements,dont entre autres:du…” (deed in French)

Go to Articles of association

Key facts about AFH BELGIUM

What is the company number of AFH BELGIUM?: 0828.719.203. In Belgium the VAT number is the company 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?: Private limited company (BV).
When was AFH BELGIUM 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?: On average 32.4 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
What is the turnover of AFH BELGIUM?: €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.