Losses
-€1.1m in eight years
Every financial year from 2018 to 2025 closed with a loss. 2023 was the heaviest.
AFI
Part of the group
20 companies in 2 countries
Lifetime
19 annual accounts with figures on one time axispeak €958,835 (2025)
€958,835▲ 31.0%
lowest -€803,096 (2015)
-€29,560▲ €56,729
peak €753,320 (2012)
€610,555▼ 4.6%
€12.8m▼ 4.5%
peak 3.5 FTE (2007)
-not published
Board4 names since 2017
2 directors and 1 other
Owners
100%
Documentsfilings and deeds
06-05-20266 days late
2025abbreviated format
Gross margin from €731,997 to €958,835Loss of €29,560Cash from €544,313 to €149,046
Key points
from the 2025 annual accountsTurnover
≈ €2.3m estimated
The abbreviated format states no turnover.
Debts
€12.8m 95% of the balance sheet
Financial debts 91%Suppliers 1%Taxes and wages 0%Other 8%
€12.4m of the debts are secured on the company's own assets. In 2023 that was €7.8m.
Investments
€68,983 0.1 × depreciation
Green is investment, beige is depreciation.
At the same address
28 companies
Position in the sector
4.5%
Lower solvency than 84% of companies in warehousing and transport support. Sector median 37.1% · 1,114 companies.
2025 accounts filed 6 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 108 companies had the same profile as AFI has now. Each dot is one company, two years later.
93.5%
were still trading
5.6%
stopped another way
0.9%
went bankrupt
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 108 companies, not a prediction for AFI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, since 26-12-2023
Director,
- 100%equity €14.3m (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0886317605
Environmental permit granted
Functiewijziging, Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Provincie Vlaams-Brabant
2 directors appointed
and · Permanent representative: · “Activiteiten inzake immobiliën; Activiteiten inzake management en bedrijfsbeheer; Algemeen” (deed in Dutch) · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw of aanleggen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie and 3 more · Asse
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AFI Grimbergen | €13.4m | €1.0m | 4.5% | - |
| nijverheidsstraat 8 property Zaventem | €14.6m | €0.9m | 26.3% | 0.6 |
| TECNILOGI Bastogne | €13.6m | €0.8m | 69.8% | 7.8 |
| FORUM EUPEN Eupen | €8.7m | €0.7m | 42.0% | 2.9 |
| VM Warehousing Ghent | €8.1m | €0.7m | 1.5% | - |
| LONDENSTRAAT 8 PROPERTY Zaventem | €17.9m | €0.5m | 66.6% | - |
| HPM - Invest Diest | €13.7m | €2.3m | 35.9% | 8 |
These companies have the same main activity as AFI: warehousing and storage (NACE 52100). They are comparable in size and age: total assets between €8.1m and €18m, founded between 2004 and 2006.
Official details
Source: KBO- Status
- Active since 11-01-2007Normal situation
- Registered office
- 29 active companies are registered at this addressSource: KBO register, as of 13 November 2026.
- Activity
- Warehousing and storageNACE 52100and 3 others
- Establishment unit
- 2.159.923.0511853 Grimbergen, since 11-01-2007
- Financial year end
- 30 September
- Peppol
- Reachable since 21-10-2026
Insights on AFI
AFI files the abbreviated format. That format states no turnover. The gross margin rose from €95,285 in 2007 to €958,835 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets, financed with long-term debt.
holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AFI
- What is the company number of AFI?
- The company number of AFI is 0886.317.605. The VAT number is the same number with BE in front: BE 0886.317.605.
- Where is AFI based?
- The registered office is at Romeinsesteenweg 566, 1853 Grimbergen.Company details
- What does AFI do?
- According to the KBO register, the main activity is warehousing and storage (NACE 52100).
- What is the legal form of AFI?
- AFI is a private limited company (BV).
- When was AFI founded?
- AFI was founded on 11-01-2007.
- Is AFI still active?
- Yes, AFI is an active enterprise in the KBO register.
- What is the turnover of AFI?
- The turnover in financial year 2025 is ≈ €2.3m. This figure is estimated from the gross margin of €958,835 and 2,275 comparable companies of the same size. It probably lies between €1.4m and €3.8m. It is a rough estimate.Financials
- Is AFI profitable?
- In financial year 2025, AFI made a loss of €29,560.
- Where can I find the annual accounts of AFI?
- AFI filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AFI due?
- AFI must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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