AFM
ActiveSummary
AFM has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €16,068 and a net result of €7,781. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 15369 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability99▼-1
Solvency78▲+2
Growth85=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.99 against 1.34 in 2023; short-term debt: 47.2% and cash: 0.6% of total assets), and 47.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
52.8%
Return on assets
25.6%
Age of the figures
21 mo
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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-02-2026, 208 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
208 d late
2023
258 d late
2022
624 d late
2021
91 d late
2019
88 d late
2017
58 d late
← 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 221 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€46,963▲ 75.7%
2023 · €26,735
EBIT margin
17.1%▼ 13.3pp
2023 · 30.4%
Net result
€7,781▼ 4.2%
2023 · €8,122
Working capital
€14,268▲ 431%
2023 · €2,685
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
Line20192021202220232024
Turnover€10,101€26,735▲ 165%€46,963▲ 75.7%
Operating result€757--€5,868€8,122€8,022▼ 1.2%
Net result€420--€6,034€8,122€7,781▼ 4.2%
EBIT margin-58.1%30.4%▲ 88.5pp17.1%▼ 13.3pp
Equity€6,199-€6,199-€165▼ 97.3%€8,287▲ 4,922%€16,068▲ 93.9%
Total assets€33,228-€33,228-€27,328▼ 17.8%€16,221▼ 40.6%€30,412▲ 87.5%
Debt€27,029-€27,029-€27,163▲ 0.5%€7,934▼ 70.8%€14,344▲ 80.8%
Working capital€1,457-€1,457--€5,437€2,685€14,268▲ 431%
Staff (FTE)1-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30,412
Fixed assets
€1,800 ▼ 67.9%
Current assets
€28,612 ▲ 169%
Equity and liabilities €30,412
Equity
€16,068 ▲ 93.9%
Debt
€14,344 ▲ 80.8%
Debt's share of the balance-sheet total falls from 48.9% to 47.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9,214
Cash flow
€8,973
Current ratio
1.99▲
2023 · 1.34
Debt to equity
0.89▼
2023 · 0.96
ROE
48.4%▼
2023 · 98.0%
ROA
25.6%▼
2023 · 50.1%
Interest coverage
38.23
Debt ≤ 1 year
€14,344▲
2023 · €7,934
Staff costs
€1,067
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €10,101 | €26,735 | €46,963 | ▲ 75.7% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €15,944 | €18,613 | €36,224 | ▲ 94.6% |
| Remuneration, social security and pensions62 | - | - | - | - | €1,067 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €782 | - | - | - | €1,192 | - |
| Other operating charges640/8 | - | - | €25 | - | €459 | - |
| Gross operating margin9900 | €25,313 | - | -€5,843 | €8,122 | €10,740 | ▲ 32.2% |
| Operating profit (loss)9901 | €757 | - | -€5,868 | €8,122 | €8,022 | ▼ 1.2% |
| Recurring financial income75 | €1 | - | - | - | - | - |
| Financial charges65/66B | - | - | €166 | - | €241 | - |
| Recurring financial charges65 | €338 | - | €166 | - | €241 | - |
| Profit (loss) for the period before taxes9903 | €420 | - | -€6,034 | €8,122 | €7,781 | ▼ 4.2% |
| Profit (loss) for the period9904 | €420 | - | -€6,034 | €8,122 | €7,781 | ▼ 4.2% |
| Transfer to tax-exempt reserves689 | - | - | €8,693 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €420 | - | -€14,727 | €8,122 | €7,781 | ▼ 4.2% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,228 | €33,228 | €27,328 | €16,221 | €30,412 | ▲ 87.5% |
| Fixed assets21/28 | €4,742 | €4,742 | €5,602 | €5,602 | €1,800 | ▼ 67.9% |
| Tangible fixed assets22/27 | €1,192 | €1,192 | €1,192 | €1,192 | - | - |
| Plant, machinery and equipment23 | - | €372 | €372 | €372 | - | - |
| Furniture and vehicles24 | - | €820 | €820 | €820 | - | - |
| Financial fixed assets28 | €3,550 | €3,550 | €4,410 | €4,410 | €1,800 | ▼ 59.2% |
| Current assets29/58 | €28,486 | €28,486 | €21,726 | €10,619 | €28,612 | ▲ 169% |
| Amounts receivable within one year40/41 | €25,868 | €25,868 | €15,952 | €7,119 | €28,425 | ▲ 299% |
| Trade receivables40 | - | €25,868 | €15,952 | €7,119 | €17,444 | ▲ 145% |
| Other amounts receivable41 | - | - | - | - | €10,981 | - |
| Cash at bank and in hand54/58 | €2,618 | €2,618 | €5,774 | €3,500 | €187 | ▼ 94.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,228 | €33,228 | €27,328 | €16,221 | €30,412 | ▲ 87.5% |
| Equity10/15 | €6,199 | €6,199 | €165 | €8,287 | €16,068 | ▲ 93.9% |
| Contributions10/11 | €14,850 | €14,850 | €14,850 | €14,850 | €14,850 | = |
| Capital10 | - | €14,850 | €14,850 | €14,850 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | €3,750 | €3,750 | €3,750 | - | - |
| Reserves13 | €42 | €42 | €42 | €42 | €42 | = |
| Non-distributable reserves130/1 | - | €42 | €42 | €42 | €42 | = |
| Legal reserve130 | - | €42 | €42 | €42 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €42 | - |
| Profit (loss) carried forward14 | -€8,693 | -€8,693 | -€14,727 | -€6,605 | €1,176 | ▲ 118% |
| Amounts payable17/49 | €27,029 | €27,029 | €27,163 | €7,934 | €14,344 | ▲ 80.8% |
| Amounts payable within one year42/48 | €27,029 | €27,029 | €27,163 | €7,934 | €14,344 | ▲ 80.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €681 | €173 | ▼ 74.6% |
| Financial debts43 | - | €1,232 | - | - | - | - |
| Credit institutions430/8 | - | €1,232 | - | - | - | - |
| Trade debts44 | €3,843 | €3,843 | €4,783 | €0 | €928 | - |
| Suppliers440/4 | - | €3,843 | €4,783 | €0 | €928 | - |
| Advances received on contracts in progress46 | - | - | €8,647 | €0 | €6,923 | - |
| Taxes, remuneration and social security45 | - | €21,685 | €13,733 | €7,253 | €6,320 | ▼ 12.9% |
| Taxes450/3 | - | €18,810 | €13,733 | €7,253 | €6,320 | ▼ 12.9% |
| Remuneration and social security454/9 | - | €2,875 | - | - | - | - |
| Other amounts payable47/48 | - | €269 | - | - | - | - |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €420 | - | -€6,034 | €8,122 | €7,781 | ▼ 4.2% |
| + Depreciation and write-downs630 | €782 | - | - | - | €1,192 | - |
| Operating cash flow (approximation) | €1,202 | - | -€6,034 | €8,122 | €8,973 | ▲ 10.5% |
| Investment in fixed assets (approximation) | - | - | -€860 | €0 | €2,610 | - |
| Change in cash | - | - | €3,156 | -€2,274 | -€3,313 | ▼ 45.7% |
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
2026
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 208 days late
2025
15-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 258 days late
15-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 624 days late
2023
31-12
Financial
Back to profitnet €8,122
Net result €8,122 after one loss-making year.
2022
31-12
Financial
Weakest financial yearnet -€6,034
Net result drops to -€6,034, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 91 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 64 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Oudergem · 1 establishment unit since 2013
Ground area
105 m²
Building footprint
98 m²
Volume, LiDAR
995 m³
Parcel 21332D0009/00A005, Brussels · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
AFM
since 20132.262.104.633
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332D0009/00A005 | Brussels | 105 m² | 1 · 98 m² | 12.9 m · 3 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 12,174 companies in sector 69201 we hold annual accounts for 7,638. 4,002 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
Founded20-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.