Summary
AFL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €137,537 and a net result of -€88,655. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 40% of 8091 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-02-2026, 9 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
9 d late
2024
1 d early
2023
13 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€137,537▼ 39.2%
2024 · €226,192
Net result
-€88,655
2024 · €99,896
Total assets
€354,715▼ 24.5%
2024 · €469,807
Solvency
38.8%▼ 9.4pp
2024 · 48.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€158,243-€142,137▼ 10.2%-€79,732
Net result€123,296above the sector's middle half-€99,896above the sector's middle half▼ 19.0%-€88,655below the sector's middle half
Equity€126,296within the sector's middle half-€226,192within the sector's middle half▲ 79.1%€137,537within the sector's middle half▼ 39.2%
Total assets€187,952within the sector's middle half-€469,807within the sector's middle half▲ 150%€354,715within the sector's middle half▼ 24.5%
Debt€61,656-€243,615▲ 295%€217,179▼ 10.9%
Working capital€102,504within the sector's middle half-€46,602within the sector's middle half▼ 54.5%-€30,051below the sector's middle half
Solvency67.2%within the sector's middle half-48.1%within the sector's middle half▼ 19.1pp38.8%within the sector's middle half▼ 9.4pp
Current ratio2.66within the sector's middle half-1.81within the sector's middle half▼ 0.850.28below the sector's middle half▼ 1.53
Return on assets (ROA)65.6%above the sector's middle half-21.3%within the sector's middle half▼ 44.3pp-25.0%below the sector's middle half▼ 46.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €79,732 after €142,137 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €354,715
Fixed assets
€343,148 ▼ 6.1%
Current assets
€11,568 ▼ 88.9%
Equity and liabilities €354,715
Equity
€137,537 ▼ 39.2%
Debt
€217,179 ▼ 10.9%
Debt's share of the balance-sheet total rises from 51.9% to 61.2%. Equity and debt are lower.
Key figures and ratios
ROE
-64.5%▼
2024 · 44.2%
Debt ≤ 1 year
€41,619▼
2024 · €57,645
Debt > 1 year
€175,560▼
2024 · €185,970
Income taxes
€145▼
2024 · €36,315
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,708 | €19,144 | €29,413 | ▲ 53.6% |
| Other operating charges640/8 | €461 | €686 | €1,522 | ▲ 122% |
| Gross operating margin9900 | €167,412 | €161,967 | -€48,797 | ▼ 130% |
| Operating profit (loss)9901 | €158,243 | €142,137 | -€79,732 | ▼ 156% |
| Financial income75/76B | - | €32 | €0 | ▼ 99.6% |
| Recurring financial income75 | - | €32 | €0 | ▼ 99.6% |
| Financial charges65/66B | €334 | €5,958 | €8,778 | ▲ 47.3% |
| Recurring financial charges65 | €334 | €5,958 | €8,778 | ▲ 47.3% |
| Profit (loss) for the period before taxes9903 | €157,909 | €136,211 | -€88,510 | ▼ 165% |
| Income taxes67/77 | €34,614 | €36,315 | €145 | ▼ 99.6% |
| Profit (loss) for the period9904 | €123,296 | €99,896 | -€88,655 | ▼ 189% |
| Profit (loss) for the period to be appropriated9905 | €123,296 | €99,896 | -€88,655 | ▼ 189% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €187,952 | €469,807 | €354,715 | ▼ 24.5% |
| Fixed assets21/28 | €23,792 | €365,560 | €343,148 | ▼ 6.1% |
| Tangible fixed assets22/27 | €23,792 | €365,560 | €336,148 | ▼ 8.0% |
| Land and buildings22 | - | €321,596 | €310,694 | ▼ 3.4% |
| Furniture and vehicles24 | €23,792 | €43,964 | €25,453 | ▼ 42.1% |
| Financial fixed assets28 | - | - | €7,000 | - |
| Current assets29/58 | €164,160 | €104,247 | €11,568 | ▼ 88.9% |
| Amounts receivable within one year40/41 | €107,081 | €75,635 | €9,674 | ▼ 87.2% |
| Trade receivables40 | €107,081 | €29,943 | €9,470 | ▼ 68.4% |
| Other amounts receivable41 | - | €45,692 | €204 | ▼ 99.6% |
| Cash at bank and in hand54/58 | €56,681 | €28,484 | €1,894 | ▼ 93.4% |
| Deferred charges and accrued income490/1 | €399 | €128 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €187,952 | €469,807 | €354,715 | ▼ 24.5% |
| Equity10/15 | €126,296 | €226,192 | €137,537 | ▼ 39.2% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €123,296 | €223,192 | €134,537 | ▼ 39.7% |
| Amounts payable17/49 | €61,656 | €243,615 | €217,179 | ▼ 10.9% |
| Amounts payable after more than one year17 | - | €185,970 | €175,560 | ▼ 5.6% |
| Financial debts170/4 | - | €185,970 | €175,560 | ▼ 5.6% |
| Amounts payable within one year42/48 | €61,656 | €57,645 | €41,619 | ▼ 27.8% |
| Current portion of amounts payable after more than one year42 | - | €9,987 | €10,410 | ▲ 4.2% |
| Trade debts44 | €3,883 | €8,182 | €9,820 | ▲ 20.0% |
| Suppliers440/4 | €3,883 | €8,182 | €9,820 | ▲ 20.0% |
| Taxes, remuneration and social security45 | €50,302 | €39,418 | €1,735 | ▼ 95.6% |
| Taxes450/3 | €50,302 | €36,818 | €1,735 | ▼ 95.3% |
| Remuneration and social security454/9 | - | €2,600 | - | - |
| Other amounts payable47/48 | €7,471 | €58 | €19,653 | ▲ 33,913% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €123,296 | €99,896 | -€88,655 | ▼ 189% |
| + Depreciation and write-downs630 | €8,708 | €19,144 | €29,413 | ▲ 53.6% |
| Operating cash flow (approximation) | €132,004 | €119,040 | -€59,243 | ▼ 150% |
| Investment in fixed assets (approximation) | - | -€360,912 | -€7,000 | ▲ 98.1% |
| Change in cash | - | -€28,197 | -€26,590 | ▲ 5.7% |
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
09-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
2025
30-06
Financial
Weakest financial yearnet -€88,655
Net result drops to -€88,655, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €200,000Eq €226,192 ▲79.1%
2 profitable years in a row build equity to €226,192.
18-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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, Léglise · 1 establishment unit since 2022
Ground area
1,197 m²
Building footprint
65 m²
Volume, LiDAR
239 m³
Parcel 84004F0252/00E000, Wallonia · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AFL
since 20222.339.080.764
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84004F0252/00E000 | Wallonia | 1,197 m² | 1 · 65 m² | 5.8 m · 1 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,061 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
Founded23-06-2022
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
73300Public relations and communication consultancy
Contact
E-mail
robayeadrien@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0787575860
Registered
06-12-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.