AFISEN
AFISEN has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €786k and a net result of €-67k. Equity is shrinking by ~24.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 6591 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
| Equity | €786k |
| Net result | €-67k |
| Staff (FTE) | 38.2 |
| Better than sector | 24% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 12.1% | 32.5% | |
| Net result | €-67k | €32k | |
| Equity | €786k | €299k | |
| Gross operating margin | €2.18M | €265k | |
| Staff costs | €1.51M | €239k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | full schema | full schema | full schema |
| Revenue | - | - | - |
| EBITDA | €622k | €-21k | €771k |
| Net profit | €-67k | €-351k | €835k |
| Cash flow | €258k | €-23k | €978k |
| Staff costs | €1.51M | €1.57M | €717k |
| Income taxes | €204k | €1 | €-1k |
| Dividends | - | - | €400k |
| Total assets | €6.48M | €6.87M | €5.64M |
| Equity | €786k | €853k | €1.20M |
| Debt | €5.69M | €6.02M | €4.43M |
| of which ≤ 1y | €2.92M | €2.91M | €4.38M |
| of which > 1y | €2.77M | €3.11M | €55k |
| Working capital | €-312k | €-223k | €-2.84M |
| Employees (FTE) | 38.2 | 40.5 | 21.1 |
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 0.89 | 0.92 | 0.35 |
| Quick ratio | 0.67 | 0.63 | 0.22 |
| Working capital ratio | -4.8% | -3.2% | -50.4% |
| Solvency | 12.1% | 12.4% | 21.4% |
| Debt / equity | 7.24 | 7.06 | 3.68 |
| Long-term debt ratio | 3.52 | 3.65 | 0.05 |
| Interest coverage | 3.77 | -0.14 | 21.32 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -1.0% | -5.1% | 14.8% |
| ROE | -8.5% | -41.1% | 69.4% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €6.48M | €6.87M | €5.64M |
| Fixed assets | 21/28 | €3.87M | €4.19M | €4.10M |
| Tangible fixed assets | 22/27 | €2.95M | €3.27M | €3.18M |
| Financial fixed assets | 28 | €919k | €919k | €919k |
| Current assets | 29/58 | €2.61M | €2.69M | €1.54M |
| Stocks & contracts in progress | 3 | €640k | €859k | €580k |
| Amounts receivable within one year | 40/41 | €852k | €529k | €576k |
| Cash & bank | 54/58 | €1.12M | €1.27M | €350k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.48M | €6.87M | €5.64M |
| Equity | 10/15 | €786k | €853k | €1.20M |
| Contributions / capital | 10/11 | €63k | €63k | €63k |
| Reserves | 13 | €13k | €13k | €13k |
| Accumulated profits (losses) | 14 | €711k | €778k | €1.13M |
| Amounts payable | 17/49 | €5.69M | €6.02M | €4.43M |
| Amounts payable after one year | 17 | €2.77M | €3.11M | €55k |
| Amounts payable within one year | 42/48 | €2.92M | €2.91M | €4.38M |
| Trade debts payable within one year | 44 | €1.85M | €2.08M | €3.62M |
| Income statement | ||||
| Gross operating margin | 9900 | €2.18M | €1.56M | €1.51M |
| Operating result | 9901 | €297k | €-349k | €628k |
| Financial income | 75 | €5k | €148k | €192k |
| Financial charges | 65 | €165k | €150k | €36k |
| Result before taxes | 9903 | €137k | €-351k | €834k |
| Income taxes | 67/77 | €204k | €1 | €-1k |
| Net result for the period | 9904 | €-67k | €-351k | €835k |
| Result to be appropriated | 9905 | €-67k | €-351k | €835k |
| NACE primary | Non-specialised retail sale with food, beverages or tobacco predominating(47110) |
| Legal form | Public limited company(014) |
| Incorporation | 31-05-2012 |
| Status | Active |
| Postal code | 7180 |
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.
07-07-2023 Restructuring of share classes
Technical details
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}| Legal nameFR | AFISEN |