Active BE 0744.936.442Private limited companyOpen bankruptcy

AFKM

· 6 yrs active

Conclusion Checked

A bankruptcy procedure is open for AFKM according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €958 and a net result of €884.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€958
Net result	€884
Active	6 yrs
Locations	1

Snowflake analysis 5 axes · computed by Checked

29 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 67

Solvency 1

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2021 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 09-12-2022 with the NBB · fiscal year 2021 · micro

RevenueOperating resultNet result

Revenue

€27k

— 20–21

EBITDA

€3k

— 20–21

Net profit

€884

— 20–21

Cash flow

€3k

— 20–21

Total assets

€48k

+230.7% 20–21

Equity

€958

— 20–21

Working capital

€-26k

-990.1% 20–21

Income taxes

€679

— 20–21

Debt

€47k

+177.4% 20–21

Debt ≤ 1y

€47k

+177.4% 20–21

Current ratio

0.43

-49.3% 20–21

Quick ratio

0.19

+8.5% 20–21

Solvency

2.0%

— 20–21

Debt / equity

48.76

— 20–21

ROE

92.3%

-7.7% 20–21

ROA

1.9%

— 20–21

Net margin

3.3%

— 20–21

EBITDA margin

12.2%

— 20–21

Interest coverage

30.65

— 20–21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Revenue	€27k
EBITDA	€3k
Net profit	€884
Cash flow	€3k
Staff costs	—
Income taxes	€679
Dividends	—
Total assets	€48k
Equity	€958
Debt	€47k
of which ≤ 1y	€47k
of which > 1y	—
Working capital	€-26k
Employees (FTE)	—

Ratios (computed)

	2021
Current ratio	0.43
Quick ratio	0.19
Working capital ratio	-55.5%
Solvency	2.0%
Debt / equity	48.76
Long-term debt ratio	—
Interest coverage	30.65
Gross margin	16.0%
Net margin	3.3%
ROA	1.9%
ROE	92.3%
EBITDA margin	12.2%
Days sales outstanding	—
Days payable outstanding	44d
Inventory turnover	1.98
Days inventory (DSI)	184d

Balance-sheet composition 2021

Assets

Fixed assets €27k · 57.5% Current assets €20k · 42.5%

Equity & liabilities

Equity €958 · 2.0% Debt €47k · 98.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet — Assets
TOTAL ASSETS	20/58	€48k
Fixed assets	21/28	€27k
Tangible fixed assets	22/27	€27k
Financial fixed assets	28	€900
Current assets	29/58	€20k
Stocks & contracts in progress	3	€12k
Cash & bank	54/58	€7k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€48k
Equity	10/15	€958
Contributions / capital	10/11	€3k
Accumulated profits (losses)	14	€-2k
Amounts payable	17/49	€47k
Amounts payable within one year	42/48	€47k
Trade debts payable within one year	44	€3k
Income statement
Turnover	70	€27k
Gross operating margin	9900	€4k
Operating result	9901	€2k
Financial charges	65	€108
Result before taxes	9903	€2k
Income taxes	67/77	€679
Net result for the period	9904	€884
Result to be appropriated	9905	€884

You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	Johan MOMMAERTS SINT-MAARTENSTRAAT 53, 3000 LEUVEN ↔ Also on 172 other cases	12-11-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	—
Legal form	Private limited company(610)
Incorporation	10-03-2020
Status	Active
Postal code	—
First BS signal	19-11-2024
Latest BS signal	19-11-2024

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

AFKM

Groothandel in auto's en lichte bestelwagens (= 3,5 ton)

since 20202.300.325.207

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23094D0041/00F000	Flanders	7,975 m²	1 · 1,789 m²	—
23003C0154/00Z000	Flanders	2,538 m²	1 · 792 m²	7.9 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 6 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

19-11-2024

Bankruptcy Opening

Ondernemingsrechtbank Brussel · AFKM BV IMPERIASTRAAT 8, 1930 ZAVENTEM · event 12-11-2024

04-11-2024

State Gazette act Director changes

04-11-2024

State Gazette act Capital & shares

04-11-2024

State Gazette act Registered-office change

2022

09-12-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

2021

01-12-2021

NBB filing Annual accounts filed

fiscal year 2020 · micro

Lifecycle & Insolvency Signals 1 events

19-11-2024

Bankruptcy Opening

Date: 12-11-2024 · Ondernemingsrechtbank Brussel · AFKM BV IMPERIASTRAAT 8, 1930 ZAVENTEM · Publications in State Gazette ↗

Time machine — BS events + macro context 2021 — 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023–2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgisch Staatsblad — acts 3 acts

Capital history · 1

04-11-2024

Capital change

Address history · 1

04-11-2024

Registered-office move

All acts · 3 updated 1 year ago

2024

04-11-2024 1 director appointed, 1 resigning Director changes

Srihi Jihad — Bestuurder
Maachou, Nouh — Bestuurder

Original publication ↗

Technical details

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    "filing_date": "2024-10-24",
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      "date": "2024-07-13",
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  "co_filed_documents": [],
  "corrected_publication_numac": null
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04-11-2024 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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      "not_yet_called_eur": null,
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      "merger_exchange_ratio": null,
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    "act_date": "2024-07-13",
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    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-07-13"
  },
  "bedrijfsrevisor": null,
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    "is_foreign_registered": false
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  },
  "co_filed_documents": [],
  "shareholders_after": [
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      "pct": 100.0,
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      "name": "Srihi Jihad",
      "role": "aandeelhouder",
      "n_shares": 100,
      "share_class": null
    },
    {
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      "role": "aandeelhouder",
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  "share_classes_after": []
}

04-11-2024 Registered office moved from Beersel to Zaventem Registered-office change

1650 Beersel Nering 28 → imperiastraat 8, 1930 Zaventem

Original publication ↗

Technical details

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        "postcode": "1930",
        "box_number": null,
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        "locality_suffix": null
      },
      "old_address": {
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Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameNL

AFKM

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.