AFI SERVICES
ActiveSummary
AFI SERVICES has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €463k and a net result of €4k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 53% of 1095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability27▼-53
Solvency73▼-27
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.9 against 6.98 in 2023; short-term debt: 51.8% of total assets), but 52% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 30-09-2025, 61 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
61 d late
2023
27 d late
2022
26 d late
2021
61 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4k▼ 91.8%
2023 · €50k
2018: €43k
2019: €26k▼ -38.4% vs 2018
2020: €13k▼ -51.7% vs 2019
2021: €8k▼ -41.3% vs 2020
2022: €44k▲ +488% vs 2021
2023: €50k▲ +13.2% vs 2022highest in 7 years
2024: €4k▼ -91.8% vs 2023lowest in 7 years
2018 → 2024
Working capital
€450k▲ 2.5%
2023 · €439k
2018: €318klowest in 7 years
2019: €346k▲ +8.5% vs 2018
2020: €359k▲ +3.8% vs 2019
2021: €367k▲ +2.3% vs 2020
2022: €410k▲ +11.9% vs 2021
2023: €439k▲ +7.0% vs 2022
2024: €450k▲ +2.5% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€357k-€365k▲ 2.1%€409k▲ 12.1%€459k▲ 12.2%€463k▲ 0.9%
2020: €357klowest in 5 years
2021: €365k▲ +2.1% vs 2020
2022: €409k▲ +12.1% vs 2021
2023: €459k▲ +12.2% vs 2022
2024: €463k▲ +0.9% vs 2023highest in 5 years
Operating result€14k-€10k▼ 29.4%€71k▲ 642%€70k▼ 1.7%€7k▼ 90.5%
2020: €14k
2021: €10k▼ -29.4% vs 2020
2022: €71k▲ +642% vs 2021highest in 5 years
2023: €70k▼ -1.7% vs 2022
2024: €7k▼ -90.5% vs 2023lowest in 5 years
Net result€13k-€8k▼ 41.3%€44k▲ 488%€50k▲ 13.2%€4k▼ 91.8%
2020: €13k
2021: €8k▼ -41.3% vs 2020
2022: €44k▲ +488% vs 2021
2023: €50k▲ +13.2% vs 2022highest in 5 years
2024: €4k▼ -91.8% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 90% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €964k
Fixed assets
€15k ▼ 26.1%
Current assets
€949k ▲ 85.3%
Equity and liabilities €964k
Equity
€463k ▲ 0.9%
Debt
€501k ▲ 583%
Debt's share of the balance-sheet total rises from 13.8% to 52.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▼
2023 · €73k
Cash flow
€11k▼
2023 · €53k
Current ratio
1.90▼
2023 · 6.98
Debt to equity
1.08▲
2023 · 0.16
ROE
0.9%▼
2023 · 10.9%
ROA
0.4%▼
2023 · 9.4%
Interest coverage
0.88▼
2023 · 10.90
Debt ≤ 1 year
€500k▲
2023 · €73k
Income taxes
€7k▼
2023 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€532k€964k▲
Fixed assets21/28€20k€15k▼
Tangible fixed assets22/27€20k€15k▼
Furniture and vehicles24€7k€3k▼
Other tangible fixed assets26€13k€12k▼
Financial fixed assets28€221€1▼
Current assets29/58€512k€949k▲
Amounts receivable within one year40/41€493k€913k▲
Trade receivables40€39k€417k▲
Other amounts receivable41€454k€495k▲
Cash at bank and in hand54/58€951-
Deferred charges and accrued income490/1€19k€37k▲
Equity and liabilities
Total equity and liabilities10/49€532k€964k▲
Equity10/15€459k€463k▲
Contributions10/11€6k€6k=
Reserves13€327k€327k=
Tax-exempt reserves132€21k€21k=
Distributable reserves133€306k€306k=
Profit (loss) carried forward14€126k€130k▲
Amounts payable17/49€73k€501k▲
Amounts payable within one year42/48€73k€500k▲
Trade debts44€24k€324k▲
Suppliers440/4€24k€324k▲
Taxes, remuneration and social security45€50k€140k▲
Taxes450/3€50k€140k▲
Other amounts payable47/48-€36k
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-760-
Other operating charges640/8€1k€618▼
Gross operating margin9900€74k€14k▼
Operating profit (loss)9901€70k€7k▼
Financial income75/76B€12k€20k▲
Recurring financial income75€12k€20k▲
Financial charges65/66B€7k€15k▲
Recurring financial charges65€7k€15k▲
Profit (loss) for the period before taxes9903€75k€12k▼
Income taxes67/77€25k€7k▼
Profit (loss) for the period9904€50k€4k▼
Transfer to tax-exempt reserves689€21k-
Profit (loss) for the period to be appropriated9905€29k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€155k€130k▼
Profit (loss) brought forward from the previous period14P€126k€126k=
Transfer to equity691/2€29k-
To other reserves6921€29k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €3k | €7k | ▲ 96.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €760 | €-760 | - | - |
| Other operating charges640/8 | - | €348 | €348 | €1k | €618 | ▼ 56.6% |
| Gross operating margin9900 | €14k | €10k | €72k | €74k | €14k | ▼ 81.3% |
| Operating profit (loss)9901 | €14k | €10k | €71k | €70k | €7k | ▼ 90.5% |
| Financial income75/76B | - | €6k | €5k | €12k | €20k | ▲ 72.1% |
| Recurring financial income75 | €6k | €6k | €5k | €12k | €20k | ▲ 72.1% |
| Financial charges65/66B | - | €3k | €4k | €7k | €15k | ▲ 124% |
| Recurring financial charges65 | €1k | €3k | €4k | €7k | €15k | ▲ 124% |
| Profit (loss) for the period before taxes9903 | €19k | €12k | €72k | €75k | €12k | ▼ 84.5% |
| Income taxes67/77 | €6k | €5k | €28k | €25k | €7k | ▼ 69.7% |
| Profit (loss) for the period9904 | €13k | €8k | €44k | €50k | €4k | ▼ 91.8% |
| Transfer from tax-exempt reserves789 | - | - | €34k | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €21k | - | - |
| Profit (loss) for the period to be appropriated9905 | €13k | €8k | €78k | €29k | €4k | ▼ 85.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €470k | €457k | €508k | €532k | €964k | ▲ 81.1% |
| Fixed assets21/28 | €1 | €1 | €1 | €20k | €15k | ▼ 26.1% |
| Tangible fixed assets22/27 | - | - | - | €20k | €15k | ▼ 25.3% |
| Furniture and vehicles24 | - | - | - | €7k | €3k | ▼ 55.2% |
| Other tangible fixed assets26 | - | - | - | €13k | €12k | ▼ 10.0% |
| Financial fixed assets28 | €1 | €1 | €1 | €221 | €1 | ▼ 99.5% |
| Current assets29/58 | €470k | €457k | €508k | €512k | €949k | ▲ 85.3% |
| Amounts receivable within one year40/41 | €462k | €446k | €494k | €493k | €913k | ▲ 85.3% |
| Trade receivables40 | - | €178k | €208k | €39k | €417k | ▲ 978% |
| Other amounts receivable41 | - | €268k | €286k | €454k | €495k | ▲ 9.1% |
| Cash at bank and in hand54/58 | - | - | €1 | €951 | - | - |
| Deferred charges and accrued income490/1 | - | €11k | €14k | €19k | €37k | ▲ 94.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €470k | €457k | €508k | €532k | €964k | ▲ 81.1% |
| Equity10/15 | €357k | €365k | €409k | €459k | €463k | ▲ 0.9% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €226k | €233k | €277k | €327k | €327k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €34k | - | €21k | €21k | = |
| Distributable reserves133 | - | €198k | €275k | €306k | €306k | = |
| Profit (loss) carried forward14 | €125k | €125k | €126k | €126k | €130k | ▲ 3.3% |
| Amounts payable17/49 | €113k | €93k | €99k | €73k | €501k | ▲ 583% |
| Amounts payable within one year42/48 | €111k | €90k | €98k | €73k | €500k | ▲ 580% |
| Trade debts44 | €23k | €33k | €27k | €24k | €324k | ▲ 1,262% |
| Suppliers440/4 | - | €33k | €27k | €24k | €324k | ▲ 1,262% |
| Taxes, remuneration and social security45 | - | €27k | €61k | €50k | €140k | ▲ 181% |
| Taxes450/3 | - | €27k | €61k | €50k | €140k | ▲ 181% |
| Other amounts payable47/48 | - | €30k | €10k | - | €36k | - |
| Accrued charges and deferred income492/3 | - | €2k | €1k | - | €2k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €8k | €44k | €50k | €4k | ▼ 91.8% |
| + Depreciation and write-downs630 | - | - | - | €3k | €7k | ▲ 96.3% |
| Operating cash flow (approximation) | €13k | €8k | €44k | €53k | €11k | ▼ 80.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-23k | €-1k | ▲ 94.3% |
| Change in cash | - | - | - | €949 | - | - |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €4k ▼91.8%
Net result drops to €4k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
31-12
Financial
Highest result since 2018net €50k ▲13.2%
Net result €50k, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 26 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 39 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Grâce-Hollogne · 1 establishment unit since 2013
Ground area
996 m²
Building footprint
108 m²
Volume, LiDAR
679 m³
Parcel 62454A0823/00K000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Rue de Horion 36, 4460 Grâce-Hollogne
since 20132.232.209.530
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62454A0823/00K000 | Wallonia | 996 m² | 1 · 108 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,896. 4,258 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
Founded17-05-2013
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.