AFILCO
ActiveSummary
AFILCO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €140,888. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 73% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+1
Solvency89▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 2.28 against 3.13 in 2024; short-term debt: 29.1% and cash: 15.8% of total assets), and 36.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.8%
Return on assets
9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
43 d early
2023
34 d early
2022
26 d early
2021
27 d early
2020
44 d early
2019
29 d 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 36 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 oldest company in Oud-Turnhout, Construction sector#9 company by total assets in Oud-Turnhout, Construction sector#9 company by equity in Oud-Turnhout, Construction sector
Equity
€1.0m▼ 6.1%
2024 · €1.1m
Total assets
€1.6m▲ 2.8%
2024 · €1.5m
Net result
€140,888▲ 7.9%
2024 · €130,582
Working capital
€585,008▼ 11.5%
2024 · €661,134
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€150,451▼ 9.5%€138,083▼ 8.2%€197,968▲ 43.4%€195,446▼ 1.3%€199,991▲ 2.3%
Net result€98,777▼ 7.6%€98,393▼ 0.4%€139,345▲ 41.6%€130,582▼ 6.3%€140,888▲ 7.9%
Equity€843,326▲ 13.3%€916,720▲ 8.7%€991,945▲ 8.2%€1.1m▲ 7.6%€1.0m▼ 6.1%
Total assets€1.4m▲ 3.0%€1.6m▲ 9.7%€1.4m▼ 7.6%€1.5m▲ 5.3%€1.6m▲ 2.8%
Debt€586,988▼ 8.9%€652,753▲ 11.2%€457,824▼ 29.9%€460,336▲ 0.5%€567,971▲ 23.4%
Working capital€521,616▲ 9.1%€555,279▲ 6.5%€596,442▲ 7.4%€661,134▲ 10.8%€585,008▼ 11.5%
Staff (FTE)5.3▼ 11.7%7▲ 32.1%6.6▼ 5.7%6.2▼ 6.1%6.1▼ 1.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€527,638 ▼ 5.1%
Current assets
€1.0m ▲ 7.4%
Equity and liabilities €1.6m
Equity
€1.0m ▼ 6.1%
Debt
€567,971 ▲ 23.4%
Debt's share of the balance-sheet total rises from 30.1% to 36.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€259,284▲
2024 · €257,544
Cash flow
€200,181▲
2024 · €192,680
Current ratio
2.28▼
2024 · 3.13
Quick ratio
1.69▼
2024 · 2.58
Debt to equity
0.57▲
2024 · 0.43
ROE
14.1%▲
2024 · 12.2%
ROA
9.0%▲
2024 · 8.6%
Interest coverage
21.52▲
2024 · 21.20
Debt ≤ 1 year
€457,391▲
2024 · €309,808
Debt > 1 year
€110,484▼
2024 · €150,041
Income taxes
€61,291▲
2024 · €59,481
Staff costs
€420,380▲
2024 · €404,436
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €35,475 | €7,025 | €0 | €25,207 | €4,959 | ▼ 80.3% |
| Remuneration, social security and pensions62 | €323,964 | €406,928 | €419,171 | €404,436 | €420,380 | ▲ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,978 | €73,513 | €54,750 | €62,098 | €59,293 | ▼ 4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€319 | €0 | - | €5,505 | - |
| Other operating charges640/8 | €7,234 | €6,291 | €7,364 | €9,195 | €9,676 | ▲ 5.2% |
| Non-recurring operating charges66A | - | - | - | €4,782 | €0 | ▼ 100% |
| Gross operating margin9900 | €548,627 | €624,496 | €679,252 | €675,957 | €694,845 | ▲ 2.8% |
| Operating profit (loss)9901 | €150,451 | €138,083 | €197,968 | €195,446 | €199,991 | ▲ 2.3% |
| Financial income75/76B | €462 | €8,767 | €11,947 | €6,764 | €14,239 | ▲ 111% |
| Recurring financial income75 | €462 | €8,767 | €11,947 | €6,764 | €14,239 | ▲ 111% |
| Financial charges65/66B | €13,516 | €11,496 | €9,323 | €12,147 | €12,050 | ▼ 0.8% |
| Recurring financial charges65 | €13,516 | €11,496 | €9,323 | €12,147 | €12,050 | ▼ 0.8% |
| Profit (loss) for the period before taxes9903 | €137,397 | €135,354 | €200,592 | €190,063 | €202,179 | ▲ 6.4% |
| Income taxes67/77 | €38,620 | €36,961 | €61,248 | €59,481 | €61,291 | ▲ 3.0% |
| Profit (loss) for the period9904 | €98,777 | €98,393 | €139,345 | €130,582 | €140,888 | ▲ 7.9% |
| Profit (loss) for the period to be appropriated9905 | €98,777 | €98,393 | €139,345 | €130,582 | €140,888 | ▲ 7.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.6m | €1.4m | €1.5m | €1.6m | ▲ 2.8% |
| Fixed assets21/28 | €585,799 | €572,847 | €537,755 | €556,271 | €527,638 | ▼ 5.1% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €384,339 | €371,212 | €336,020 | €354,511 | €318,208 | ▼ 10.2% |
| Land and buildings22 | €243,819 | €230,237 | €223,532 | €217,079 | €211,854 | ▼ 2.4% |
| Plant, machinery and equipment23 | €95,491 | €84,986 | €75,266 | €47,099 | €43,614 | ▼ 7.4% |
| Furniture and vehicles24 | €35,175 | €25,836 | €16,904 | €3,400 | €1,679 | ▼ 50.6% |
| Leasing and similar rights25 | €9,854 | €30,153 | €20,318 | €86,932 | €61,061 | ▼ 29.8% |
| Financial fixed assets28 | €201,460 | €201,635 | €201,735 | €201,760 | €209,430 | ▲ 3.8% |
| Current assets29/58 | €844,515 | €996,626 | €912,014 | €970,942 | €1.0m | ▲ 7.4% |
| Amounts receivable after more than one year29 | - | - | €82,000 | €82,000 | €82,000 | = |
| Other amounts receivable291 | - | - | €82,000 | €82,000 | €82,000 | = |
| Stocks and contracts in progress3 | €253,364 | €250,615 | €180,117 | €172,414 | €269,296 | ▲ 56.2% |
| Stocks30/36 | €166,697 | €200,934 | €152,751 | €135,240 | €194,401 | ▲ 43.7% |
| Contracts in progress37 | €86,667 | €49,681 | €27,366 | €37,174 | €74,895 | ▲ 101% |
| Amounts receivable within one year40/41 | €329,178 | €314,805 | €386,022 | €393,983 | €423,563 | ▲ 7.5% |
| Trade receivables40 | €291,475 | €271,022 | €305,284 | €299,325 | €263,686 | ▼ 11.9% |
| Other amounts receivable41 | €37,703 | €43,784 | €80,737 | €94,658 | €159,877 | ▲ 68.9% |
| Cash at bank and in hand54/58 | €233,989 | €411,123 | €242,089 | €295,579 | €247,510 | ▼ 16.3% |
| Deferred charges and accrued income490/1 | €27,985 | €20,083 | €21,786 | €26,965 | €20,031 | ▼ 25.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.6m | €1.4m | €1.5m | €1.6m | ▲ 2.8% |
| Equity10/15 | €843,326 | €916,720 | €991,945 | €1.1m | €1.0m | ▼ 6.1% |
| Contributions10/11 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Reserves13 | €830,931 | €904,325 | €979,550 | €1.1m | €989,672 | ▼ 6.1% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Tax-exempt reserves132 | €30,350 | €30,350 | €30,350 | €30,350 | €30,350 | = |
| Distributable reserves133 | €798,723 | €872,116 | €949,201 | €1.0m | €959,323 | ▼ 6.3% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €586,988 | €652,753 | €457,824 | €460,336 | €567,971 | ▲ 23.4% |
| Amounts payable after more than one year17 | €262,844 | €209,129 | €141,526 | €150,041 | €110,484 | ▼ 26.4% |
| Financial debts170/4 | €262,844 | €209,129 | €141,526 | €150,041 | €110,484 | ▼ 26.4% |
| Amounts payable within one year42/48 | €322,899 | €441,347 | €315,572 | €309,808 | €457,391 | ▲ 47.6% |
| Current portion of amounts payable after more than one year42 | €75,918 | €75,147 | €67,603 | €66,504 | €74,003 | ▲ 11.3% |
| Trade debts44 | €218,403 | €299,570 | €155,839 | €156,254 | €144,146 | ▼ 7.7% |
| Suppliers440/4 | €218,403 | €299,570 | €155,839 | €156,254 | €144,146 | ▼ 7.7% |
| Taxes, remuneration and social security45 | €28,578 | €41,630 | €28,011 | €31,400 | €33,544 | ▲ 6.8% |
| Taxes450/3 | €24,150 | €35,872 | €21,797 | €25,121 | €27,013 | ▲ 7.5% |
| Remuneration and social security454/9 | €4,428 | €5,758 | €6,214 | €6,279 | €6,531 | ▲ 4.0% |
| Other amounts payable47/48 | €0 | €25,000 | €64,119 | €55,650 | €205,698 | ▲ 270% |
| Accrued charges and deferred income492/3 | €1,245 | €2,277 | €726 | €487 | €95 | ▼ 80.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €98,777 | €98,393 | €139,345 | €130,582 | €140,888 | ▲ 7.9% |
| + Depreciation and write-downs630 | €66,978 | €73,513 | €54,750 | €62,098 | €59,293 | ▼ 4.5% |
| Operating cash flow (approximation) | €165,755 | €171,906 | €194,095 | €192,680 | €200,181 | ▲ 3.9% |
| Investment in fixed assets (approximation) | - | -€60,561 | -€19,659 | -€80,614 | -€30,661 | ▲ 62.0% |
| Change in cash | - | €177,134 | -€169,034 | €53,490 | -€48,070 | ▼ 190% |
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
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €140,888 ▲7.9%
Operating result €199,991, net result €140,888, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1mEq €1.1m ▲7.6%
7 profitable years in a row build equity to €1.1m.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €61,450 ▼11.5%
Net result drops to €61,450, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 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, Oud-Turnhout · 1 establishment unit since 1985
Ground area
2,228 m²
Building footprint
92 m²
Parcel 13031C0774/00C000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Hekwerkwinkel
since 19852.026.427.196
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13031C0774/00C000 | Flanders | 2,228 m² | 1 · 92 m² | - |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
66.67%
According to the 2025 annual accounts of AFILCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,635 EUR awarded · 1,635 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 123 EUR | 123 EUR |
| 2024 | 1 | 342 EUR | 672 EUR |
| 2023 | 1 | 585 EUR | 255 EUR |
| 2022 | 1 | 585 EUR | 585 EUR |
Recognitions · licences · registrations
Recognised contractor
1 categoryAFILCO BV29442
Dual-learning approval
1 endedWerfbediener (so)
Similar companies · same sector, comparable size
A-DVICE
BE 0754.401.068
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Deb Keukens
BE 0658.904.667
Roeselare · Eq €991,285
Het Constructief
BE 0541.519.029
Deinze · Eq €1,021,450
DELEX
BE 0567.535.221
Kalmthout · Eq €1,022,955
AMG RENOV
BE 0844.446.366
Brussel · Eq €974,672
Of 7,300 companies in sector 43350 we hold annual accounts for 2,361. 903 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
Founded18-02-1985
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43350Other building finishing work
47789Other retail sale of new goods
Contact
E-mail
info@afilco.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0426816628
Also
9925:BE0426816628
Registered
08-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.