Equity
€583,985 from €7.1m in 2021
Equity fell by 92% in 4 years.
AFMECH
Lifetime
17 annual accounts with figures on one time axis, 37 filings since 1989peak €2.8m (2014)
€919,035▲ 9.9%
lowest -€3.4m (2025)
-€3.4m▼ €3.2m
peak €7.1m (2021)
€583,985▼ 91.0%
€1.8m▲ 84.8%
peak 45.7 FTE (2013)
11.7 FTE▼ 18.8%
Board4 names since 2021
2 directors and 1 other
Documentsfilings and deeds
11-09-202642 days late
2025abbreviated format
Loss of €3.4mStaff from 14.4 FTE to 11.7 FTEDemerger proposal: AFMECH splits off to FAMECH 03-11Equity from €6.5m to €583,985Debts from €995,433 to €1.8m
Key points
from the 2025 annual accountsResult
-€3.4m ▼ 1,689%
The result fell in 2025: restructuring with FAMECH.
Debts
€1.8m 76% of the balance sheet
Financial debts 3%Suppliers 22%Taxes and wages 3%Other 73%
Of this, €1.8m falls due within a year.
Investments
€3.2m 53.5 × depreciation
Green is investment, beige is depreciation.
Staff
11.7 FTE from 45.7 in 2013
Between 2013 and 2025, 74% of the full-time equivalents disappeared.
Board
2 joined · 2 left
Board changed. Latest change 13-10-2026 · 2 in office.
2025 accounts filed 42 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 307 companies had the same profile as AFMECH has now. Each dot is one company, two years later.
88.9%
were still trading
5.2%
stopped another way
4.9%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 307 companies, not a prediction for AFMECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director
Director
- shareholderdeed of 03-11-2025
- shareholderdeed of 03-11-2025
Recent changes
2 directors appointed, 2 resignations
Resignations: and · Appointments: and · General meeting of 11-09-2026 · Gazette deed
Demerger: AFMECH splits off to FAMECH
General meeting of 24-12-2025 · Gazette deed
Demerger proposal: AFMECH splits off to FAMECH
is a shareholder · is a shareholder · holds 740 shares · Gazette deed
Capital increase to FB 10,084,975
Capital after the increase: FB 10,084,975 · Resignations: (managing director) and (director) · Reappointments: (managing director) and (director) · General meeting of 07-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AFMECH Visé | €2.4m | €0.9m | 24.1% | 11.7 |
| RUNLITE Soumagne | €1.6m | €0.7m | -8.1% | 10.8 |
| TORSON Lummen | €1.3m | €0.7m | 52.1% | 10.9 |
| DQN. Kontich | €1.4m | €0.8m | 80.8% | 8 |
| THISE Herstal | €4.1m | €1.6m | 28.2% | 14.3 |
| SOMATI VEHICLES Aalst | €4.0m | €1.6m | 6.2% | 15.8 |
| SNOEK TECHNOLOGY Sint-Niklaas | €1.2m | €0.8m | 64.5% | 9.3 |
These companies have the same main activity as AFMECH: manufacture of machinery and equipment not elsewhere classified (NACE 28990). They are comparable in size and age: total assets between €1.2m and €4.1m, founded between 1979 and 1992.
Official details
Source: KBO- Status
- Active since 01-12-1988Normal situation
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28990and 2 others
- Establishment units
- 2.041.249.5884600 Visé, since 02-06-1993
- 2.041.249.6873600 Genk, since 02-07-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Insights on AFMECH
AFMECH files the abbreviated format. That format states no turnover. The gross margin fell from €1.9m in 2011 to €919,035 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AFMECH
- What is the company number of AFMECH?
- The company number of AFMECH is 0435.909.783. The VAT number is the same number with BE in front: BE 0435.909.783.
- Where is AFMECH based?
- The registered office is at Rue des Cyclistes Frontière 2, 4600 Visé.Company details
- What does AFMECH do?
- According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28990).
- What is the legal form of AFMECH?
- AFMECH is a public limited company (NV).
- When was AFMECH founded?
- AFMECH was founded on 01-12-1988.
- Is AFMECH still active?
- Yes, AFMECH is an active enterprise in the KBO register.
- How many employees does AFMECH have?
- AFMECH had an average of 11.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of AFMECH?
- The turnover in financial year 2025 is ≈ €2.2m. This figure is estimated from the gross margin of €919,035 and 2,274 comparable companies of the same size. It probably lies between €1.3m and €3.7m. It is a rough estimate.
- Is AFMECH profitable?
- In financial year 2025, AFMECH made a loss of €3.4m.
- Where can I find the annual accounts of AFMECH?
- AFMECH filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AFMECH due?
- AFMECH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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