Afinit Digital
ActiveSummary
Afinit Digital has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €46,588 and a net result of €117,364. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 22% of 290 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+13
Solvency33▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.08 in 2023; short-term debt: 75.6% and cash: 8.7% of total assets), and 91.7% of the assets are financed with debt.
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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 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
8.3%
Return on assets
20.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 290 sector peers (2024).
NBB · sector comparisonPosition among 290 sector peers
Solvency
better than 22%
← weakest
strongest →
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 28-06-2025, 33 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
33 d early
2023
76 d early
2022
54 d early
2021
135 d early
2020
147 d early
2019
57 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 84 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€117,364▲ 150%
2023 · €46,909
Working capital
€7,799▼ 62.2%
2023 · €20,618
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
Line20202021202220232024
Operating result€36,369▲ 170%€38,426▲ 5.7%€17,064▼ 55.6%€87,937▲ 415%€158,232▲ 79.9%
Net result€24,771▲ 89.8%€24,311▼ 1.9%€6,288▼ 74.1%€46,909▲ 646%€117,364▲ 150%
Equity€44,025▲ 129%€80,735▲ 83.4%€87,023▲ 7.8%€47,932▼ 44.9%€46,588▼ 2.8%
Total assets€102,240▼ 23.7%€473,144▲ 363%€615,931▲ 30.2%€431,683▼ 29.9%€564,107▲ 30.7%
Debt€58,215▼ 49.3%€392,409▲ 574%€528,908▲ 34.8%€383,751▼ 27.4%€517,519▲ 34.9%
Working capital€14,349€107,396▲ 648%€33,973▼ 68.4%€20,618▼ 39.3%€7,799▼ 62.2%
Staff (FTE)2.8=4.7▲ 67.9%5.2▲ 10.6%4▼ 23.1%7.1▲ 77.5%
Why a figure moved sharply
- 2021 Total assets +363% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 80% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €564,107
Fixed assets
€130,016 ▼ 18.3%
Current assets
€434,092 ▲ 59.3%
Equity and liabilities €564,107
Equity
€46,588 ▼ 2.8%
Debt
€517,519 ▲ 34.9%
Debt's share of the balance-sheet total rises from 88.9% to 91.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€189,742▲
2023 · €119,210
Cash flow
€148,873▲
2023 · €78,182
Current ratio
1.02▼
2023 · 1.08
Debt to equity
11.11▲
2023 · 8.01
ROE
251.9%▲
2023 · 97.9%
ROA
20.8%▲
2023 · 10.9%
Interest coverage
19.23▲
2023 · 10.81
Debt ≤ 1 year
€426,293▲
2023 · €251,920
Debt > 1 year
€91,226▼
2023 · €131,830
Income taxes
€31,499▲
2023 · €30,000
Staff costs
€639,786▲
2023 · €403,786
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 2,151 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €403,298 | €403,786 | €639,786 | ▲ 58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,513 | €26,571 | €20,824 | €31,273 | €31,510 | ▲ 0.8% |
| Other operating charges640/8 | - | - | €910 | €1,084 | €1,160 | ▲ 7.0% |
| Gross operating margin9900 | €170,516 | €461,286 | €442,096 | €524,081 | €830,688 | ▲ 58.5% |
| Operating profit (loss)9901 | €36,369 | €38,426 | €17,064 | €87,937 | €158,232 | ▲ 79.9% |
| Financial income75/76B | - | - | €83 | - | €496 | - |
| Recurring financial income75 | €1 | - | €83 | - | €496 | - |
| Financial charges65/66B | - | - | €6,998 | €11,028 | €9,866 | ▼ 10.5% |
| Recurring financial charges65 | €506 | €6,312 | €6,998 | €11,028 | €9,866 | ▼ 10.5% |
| Profit (loss) for the period before taxes9903 | €35,864 | €32,114 | €10,148 | €76,909 | €148,862 | ▲ 93.6% |
| Income taxes67/77 | €11,093 | €7,803 | €3,860 | €30,000 | €31,499 | ▲ 5.0% |
| Profit (loss) for the period9904 | €24,771 | €24,311 | €6,288 | €46,909 | €117,364 | ▲ 150% |
| Profit (loss) for the period to be appropriated9905 | €24,771 | €24,311 | €6,288 | €46,909 | €117,364 | ▲ 150% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €102,240 | €473,144 | €615,931 | €431,683 | €564,107 | ▲ 30.7% |
| Fixed assets21/28 | €29,675 | €185,707 | €194,046 | €159,145 | €130,016 | ▼ 18.3% |
| Intangible fixed assets21 | - | €174,959 | €156,626 | €136,626 | €116,626 | ▼ 14.6% |
| Tangible fixed assets22/27 | €29,645 | €7,609 | €34,282 | €22,489 | €13,360 | ▼ 40.6% |
| Furniture and vehicles24 | - | - | €34,282 | €22,489 | €13,360 | ▼ 40.6% |
| Financial fixed assets28 | €30 | €3,138 | €3,138 | €30 | €30 | = |
| Current assets29/58 | €72,565 | €287,438 | €421,885 | €272,538 | €434,092 | ▲ 59.3% |
| Amounts receivable within one year40/41 | €54,169 | €227,937 | €342,416 | €239,023 | €384,960 | ▲ 61.1% |
| Trade receivables40 | - | - | €342,345 | €239,023 | €378,569 | ▲ 58.4% |
| Other amounts receivable41 | - | - | €71 | - | €6,391 | - |
| Cash at bank and in hand54/58 | €2,698 | €45,071 | €64,445 | €31,843 | €49,132 | ▲ 54.3% |
| Deferred charges and accrued income490/1 | - | - | €15,024 | €1,672 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €102,240 | €473,144 | €615,931 | €431,683 | €564,107 | ▲ 30.7% |
| Equity10/15 | €44,025 | €80,735 | €87,023 | €47,932 | €46,588 | ▼ 2.8% |
| Contributions10/11 | €6,200 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €35,965 | €60,275 | €66,563 | €27,472 | €26,128 | ▼ 4.9% |
| Amounts payable17/49 | €58,215 | €392,409 | €528,908 | €383,751 | €517,519 | ▲ 34.9% |
| Amounts payable after more than one year17 | - | €200,000 | €140,997 | €131,830 | €91,226 | ▼ 30.8% |
| Financial debts170/4 | - | - | €140,997 | €131,830 | €91,226 | ▼ 30.8% |
| Amounts payable within one year42/48 | €58,215 | €180,042 | €387,912 | €251,920 | €426,293 | ▲ 69.2% |
| Current portion of amounts payable after more than one year42 | - | - | €45,292 | €69,433 | €63,485 | ▼ 8.6% |
| Trade debts44 | €35,543 | €141,963 | €239,500 | €101,304 | €220,666 | ▲ 118% |
| Suppliers440/4 | - | - | €239,500 | €101,304 | €220,666 | ▲ 118% |
| Taxes, remuneration and social security45 | - | - | €103,047 | €80,696 | €141,523 | ▲ 75.4% |
| Taxes450/3 | - | - | €53,381 | €35,659 | €67,707 | ▲ 89.9% |
| Remuneration and social security454/9 | - | - | €49,666 | €45,037 | €73,817 | ▲ 63.9% |
| Other amounts payable47/48 | - | - | €73 | €488 | €619 | ▲ 27.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,771 | €24,311 | €6,288 | €46,909 | €117,364 | ▲ 150% |
| + Depreciation and write-downs630 | €1,513 | €26,571 | €20,824 | €31,273 | €31,510 | ▲ 0.8% |
| Operating cash flow (approximation) | €26,283 | €50,881 | €27,112 | €78,182 | €148,873 | ▲ 90.4% |
| Investment in fixed assets (approximation) | - | -€182,602 | -€29,164 | €3,628 | -€2,381 | ▼ 166% |
| Change in cash | - | €42,373 | €19,375 | -€32,602 | €17,289 | ▲ 153% |
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
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2019net €117,364 ▲150%
Operating result €158,232, net result €117,364, both a record.
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €6,288 ▼74.1%
Net result drops to €6,288, the lowest in the series; recovery starts the following year.
18-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
04-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
04-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Watermaal-Bosvoorde · 1 establishment unit since 2018
Ground area
8.4 ha
Building footprint
1.3 ha
Volume, LiDAR
185,165 m³
2 parcels, Brussels, Wallonia · tallest building 51.1 m, ±3 floors. Linked by address, not a title deed.
139
companies at this address
See who is registered here
1 establishment unit
Afinit Digital
since 20182.277.766.371
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0905/00H000 | Brussels | 8.3 ha | 1 · 1.3 ha | 51.0 m · 3 fl. |
| 25033B0658/00A000 | Wallonia | 1,735 m² | 1 · 68 m² | 13.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 2,360 companies in sector 78100 we hold annual accounts for 1,364. 1,057 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
Founded13-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
78100Employment placement agencies
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699911319
Registered
18-04-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.