AFIBEL
ActiveSummary
AFIBEL has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €178k and a net result of €39k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 15% of 15367 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+9
Solvency42▲+5
Growth60▲+12
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.43 in 2023; short-term debt: 43.8% and cash: 0.7% of total assets), and 83% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 15367 sector peers (2024).
NBB · sector comparisonPosition among 15367 sector peers
Solvency
better than 15%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €178k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-05-2025, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
65 d early
2023
78 d early
2022
130 d early
2021
24 d early
2020
32 d early
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€619k▼ 8.5%
2023 · €676k
2018: €713khighest in 7 years
2019: €507k▼ -28.9% vs 2018lowest in 7 years
2020: €552k▲ +8.9% vs 2019
2021: €553k▲ +0.2% vs 2020
2022: €667k▲ +20.6% vs 2021
2023: €676k▲ +1.4% vs 2022
2024: €619k▼ -8.5% vs 2023
2018 → 2024
EBIT margin
12.8%▲ 9.2pp
2023 · 3.6%
2018: 3.0%
2019: 2.7%▼ -10.8% vs 2018lowest in 7 years
2020: 2.8%▲ +4.2% vs 2019
2021: 4.8%▲ +71.2% vs 2020
2022: 3.2%▼ -33.6% vs 2021
2023: 3.6%▲ +12.4% vs 2022
2024: 12.8%▲ +255% vs 2023highest in 7 years
2018 → 2024
Net result
€39k▲ 1,588%
2023 · €2k
2018: €-26klowest in 7 years
2019: €-5k▲ +80.4% vs 2018
2020: €-834▲ +83.6% vs 2019
2021: €-4k▼ -409% vs 2020
2022: €4k▲ +188% vs 2021
2023: €2k▼ -37.9% vs 2022
2024: €39k▲ +1588% vs 2023highest in 7 years
2018 → 2024
Working capital
€-423k▼ 29.5%
2023 · €-327k
2018: €10k
2019: €34k▲ +235% vs 2018highest in 7 years
2020: €4k▼ -87.8% vs 2019
2021: €20k▲ +382% vs 2020
2022: €-16k▼ -182% vs 2021
2023: €-327k▼ -1918% vs 2022
2024: €-423k▼ -29.5% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€552k-€553k▲ 0.2%€667k▲ 20.6%€676k▲ 1.4%€619k▼ 8.5%
2020: €552klowest in 5 years
2021: €553k▲ +0.2% vs 2020
2022: €667k▲ +20.6% vs 2021
2023: €676k▲ +1.4% vs 2022highest in 5 years
2024: €619k▼ -8.5% vs 2023
Equity€137k-€132k▼ 3.1%€136k▲ 2.8%€138k▲ 1.7%€178k▲ 28.4%
2020: €137k
2021: €132k▼ -3.1% vs 2020lowest in 5 years
2022: €136k▲ +2.8% vs 2021
2023: €138k▲ +1.7% vs 2022
2024: €178k▲ +28.4% vs 2023highest in 5 years
Operating result€16k-€27k▲ 71.5%€21k▼ 19.9%€24k▲ 14.0%€79k▲ 225%
2020: €16klowest in 5 years
2021: €27k▲ +71.5% vs 2020
2022: €21k▼ -19.9% vs 2021
2023: €24k▲ +14.0% vs 2022
2024: €79k▲ +225% vs 2023highest in 5 years
Net result€-834-€-4k▼ 409%€4k€2k▼ 37.9%€39k▲ 1,588%
2020: €-834
2021: €-4k▼ -409% vs 2020lowest in 5 years
2022: €4k▲ +188% vs 2021
2023: €2k▼ -37.9% vs 2022
2024: €39k▲ +1588% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 225% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.04M
Fixed assets
€1.01M ▲ 7.8%
Current assets
€34k ▼ 86.5%
Equity and liabilities €1.04M
Equity
€178k ▲ 28.4%
Provisions
€23k ▼ 10.0%
Debt
€842k ▼ 17.6%
Debt's share of the balance-sheet total falls from 86.2% to 80.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€175k▲
2023 · €113k
Cash flow
€135k▲
2023 · €91k
Current ratio
0.07▼
2023 · 0.43
Debt to equity
4.74▼
2023 · 7.39
ROE
22.1%▲
2023 · 1.7%
ROA
3.8%▲
2023 · 0.2%
Interest coverage
5.76▲
2023 · 5.54
Debt ≤ 1 year
€457k▼
2023 · €577k
Debt > 1 year
€385k▼
2023 · €444k
Income taxes
€10k▲
2023 · €5k
Staff costs
€346k▼
2023 · €385k
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 · 58 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.19M€1.04M▼
Fixed assets21/28€935k€1.01M▲
Tangible fixed assets22/27€935k€1.01M▲
Land and buildings22€886k€995k▲
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€44k€10k▼
Current assets29/58€250k€34k▼
Amounts receivable within one year40/41€177k€26k▼
Trade receivables40€173k€24k▼
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€18k€7k▼
Deferred charges and accrued income490/1€56k€552▼
Equity and liabilities
Total equity and liabilities10/49€1.19M€1.04M▼
Equity10/15€138k€178k▲
Contributions10/11€77k€77k=
Reserves13€62k€101k▲
Non-distributable reserves130/1€1k-
Reserves not available under the articles1311€1k-
Tax-exempt reserves132€49k€44k▼
Distributable reserves133€12k€57k▲
Profit (loss) carried forward14€-639-
Provisions and deferred taxes16€25k€23k▼
Deferred taxes168€25k€23k▼
Amounts payable17/49€1.02M€842k▼
Amounts payable after more than one year17€444k€385k▼
Financial debts170/4€444k€385k▼
Amounts payable within one year42/48€577k€457k▼
Current portion of amounts payable after more than one year42€202k€157k▼
Financial debts43€25k€25k=
Credit institutions430/8€25k€25k=
Trade debts44€86k€69k▼
Suppliers440/4€86k€69k▼
Taxes, remuneration and social security45€61k€2k▼
Taxes450/3€61k€2k▼
Other amounts payable47/48€204k€204k=
Accrued charges and deferred income492/3€1k-
Income statement
Code20232024
Turnover70€676k€619k▼
Goods, raw materials, services and sundry goods60/61€357k€333k▼
Remuneration, social security and pensions62€385k€346k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€95k▲
Other operating charges640/8€13k€6k▼
Gross operating margin9900€511k€527k▲
Operating profit (loss)9901€24k€79k▲
Financial income75/76B€943€1k▲
Recurring financial income75€943€1k▲
Financial charges65/66B€20k€33k▲
Recurring financial charges65€20k€30k▲
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€5k€47k▲
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€5k€10k▲
Profit (loss) for the period9904€2k€39k▲
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€7k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-639€44k▲
Profit (loss) brought forward from the previous period14P€-8k€-639▲
Transfer to equity691/2-€44k
To other reserves6921-€44k
The notes to these accounts (10 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €552k | €553k | €667k | €676k | €619k | ▼ 8.5% |
| Goods, raw materials, services and sundry goods60/61 | - | €239k | €265k | €357k | €333k | ▼ 6.6% |
| Remuneration, social security and pensions62 | - | €236k | €332k | €385k | €346k | ▼ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65k | €59k | €73k | €88k | €95k | ▲ 8.1% |
| Other operating charges640/8 | - | €4k | €8k | €13k | €6k | ▼ 51.2% |
| Non-recurring operating charges66A | - | €13k | - | - | - | - |
| Gross operating margin9900 | €321k | €339k | €434k | €511k | €527k | ▲ 3.2% |
| Operating profit (loss)9901 | €16k | €27k | €21k | €24k | €79k | ▲ 225% |
| Financial income75/76B | - | €97 | €22 | €943 | €1k | ▲ 41.1% |
| Recurring financial income75 | €461 | €97 | €22 | €943 | €1k | ▲ 41.1% |
| Financial charges65/66B | - | €26k | €19k | €20k | €33k | ▲ 64.3% |
| Recurring financial charges65 | €16k | €14k | €15k | €20k | €30k | ▲ 49.1% |
| Non-recurring financial charges66B | - | €11k | €4k | - | €3k | - |
| Profit (loss) for the period before taxes9903 | €324 | €1k | €3k | €5k | €47k | ▲ 844% |
| Transfer from deferred taxes780 | - | €3k | €3k | €3k | €3k | = |
| Income taxes67/77 | €4k | €8k | €1k | €5k | €10k | ▲ 99.6% |
| Profit (loss) for the period9904 | €-834 | €-4k | €4k | €2k | €39k | ▲ 1,588% |
| Transfer from tax-exempt reserves789 | - | €5k | €5k | €5k | €5k | = |
| Profit (loss) for the period to be appropriated9905 | €4k | €647 | €9k | €7k | €44k | ▲ 512% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €747k | €745k | €949k | €1.19M | €1.04M | ▼ 12.1% |
| Fixed assets21/28 | €595k | €545k | €654k | €935k | €1.01M | ▲ 7.8% |
| Tangible fixed assets22/27 | €595k | €545k | €654k | €935k | €1.01M | ▲ 7.8% |
| Land and buildings22 | - | €505k | €623k | €886k | €995k | ▲ 12.3% |
| Plant, machinery and equipment23 | - | €9k | €4k | €6k | €4k | ▼ 37.6% |
| Furniture and vehicles24 | - | €32k | €27k | €44k | €10k | ▼ 76.9% |
| Current assets29/58 | €152k | €200k | €295k | €250k | €34k | ▼ 86.5% |
| Amounts receivable within one year40/41 | €133k | €123k | €136k | €177k | €26k | ▼ 85.3% |
| Trade receivables40 | - | €120k | €133k | €173k | €24k | ▼ 86.4% |
| Other amounts receivable41 | - | €3k | €3k | €3k | €3k | ▼ 18.4% |
| Cash at bank and in hand54/58 | €18k | €15k | €88k | €18k | €7k | ▼ 60.2% |
| Deferred charges and accrued income490/1 | - | €62k | €72k | €56k | €552 | ▼ 99.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €747k | €745k | €949k | €1.19M | €1.04M | ▼ 12.1% |
| Equity10/15 | €137k | €132k | €136k | €138k | €178k | ▲ 28.4% |
| Contributions10/11 | - | €77k | €77k | €77k | €77k | = |
| Reserves13 | €77k | €72k | €67k | €62k | €101k | ▲ 62.3% |
| Non-distributable reserves130/1 | - | €1k | €1k | €1k | - | - |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | - | - |
| Tax-exempt reserves132 | - | €59k | €54k | €49k | €44k | ▼ 10.0% |
| Distributable reserves133 | - | €12k | €12k | €12k | €57k | ▲ 384% |
| Profit (loss) carried forward14 | €-17k | €-17k | €-8k | €-639 | - | - |
| Provisions and deferred taxes16 | €33k | €30k | €28k | €25k | €23k | ▼ 10.0% |
| Deferred taxes168 | - | €30k | €28k | €25k | €23k | ▼ 10.0% |
| Amounts payable17/49 | €577k | €582k | €785k | €1.02M | €842k | ▼ 17.6% |
| Amounts payable after more than one year17 | €430k | €402k | €474k | €444k | €385k | ▼ 13.2% |
| Financial debts170/4 | - | €402k | €474k | €444k | €385k | ▼ 13.2% |
| Amounts payable within one year42/48 | €148k | €180k | €312k | €577k | €457k | ▼ 20.8% |
| Current portion of amounts payable after more than one year42 | - | €100k | €119k | €202k | €157k | ▼ 22.0% |
| Financial debts43 | - | - | €55k | €25k | €25k | = |
| Credit institutions430/8 | - | - | €55k | €25k | €25k | = |
| Trade debts44 | €39k | €47k | €49k | €86k | €69k | ▼ 20.0% |
| Suppliers440/4 | - | €47k | €49k | €86k | €69k | ▼ 20.0% |
| Taxes, remuneration and social security45 | - | €17k | €27k | €61k | €2k | ▼ 96.5% |
| Taxes450/3 | - | €17k | €27k | €61k | €2k | ▼ 96.5% |
| Other amounts payable47/48 | - | €16k | €61k | €204k | €204k | = |
| Accrued charges and deferred income492/3 | - | - | €4 | €1k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-834 | €-4k | €4k | €2k | €39k | ▲ 1,588% |
| + Depreciation and write-downs630 | €65k | €59k | €73k | €88k | €95k | ▲ 8.1% |
| Operating cash flow (approximation) | €64k | €55k | €77k | €91k | €135k | ▲ 48.6% |
| Investment in fixed assets (approximation) | - | €-9k | €-182k | €-370k | €-169k | ▲ 54.3% |
| Change in cash | - | €-2k | €73k | €-70k | €-11k | ▲ 84.2% |
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
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €39k ▲1,588%
Operating result €79k, net result €39k, both a record.
31-12
Financial
Equity above €150kEq €178k ▲28.4%
3 profitable years in a row build equity to €178k.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after 4 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Diest · 3 establishment units since 1992
Ground area
768 m²
Building footprint
147 m²
Volume, LiDAR
1,256 m³
Parcel 24120E0222/00M000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
3 establishment units
AFIBEL BVBA
since 19922.059.630.001
AFIBEL BVBA
since 20162.260.899.952
AFIBEL BVBA
since 20162.260.900.051
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24120E0222/00M000 | Flanders | 768 m² | 1 · 147 m² | 11.3 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,672 EUR awarded · 2,672 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 540 EUR | 540 EUR |
| 2024 | 1 | 1,262 EUR | 1,262 EUR |
| 2023 | 1 | 870 EUR | 870 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,487 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
Founded21-05-1992
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.