AFMECH
ActiveSummary
The annual accounts of AFMECH for fiscal year 2025 show a net loss of 139% of total assets and of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €583,985 and a net result of -€3.4m. Equity is growing by ~3% per year across the filed fiscal years. The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-16
Solvency49▼-51
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.29 against 3.58 in 2024; short-term debt: 74.5% and cash: 30.9% of total assets), and 75.9% 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○neutral
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 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 · 10 filingsDeviation from the deadline
2025
42 d late
2024
14 d late
2023
28 d early
2022
38 d early
2021
34 d early
2020
67 d early
2019
56 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#4 company by total assets in Visé, Manufacturing sector#4 company by equity in Visé, Manufacturing sector#7 oldest company in Visé, Manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3.4m▼ 1,689%
2024 · -€188,216
Working capital
€528,510▼ 78.1%
2024 · €2.4m
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
Line20212022202320242025
Operating result€14,054▲ 4,865%€67,332▲ 379%€75,463▲ 12.1%-€322,675-€230,562▲ 28.5%
Net result€2.0m€56,623▼ 97.2%€116,771▲ 106%-€188,216-€3.4m▼ 1,689%
Equity€7.1m▲ 38.9%€6.7m▼ 5.6%€6.7m▲ 1.1%€6.5m▼ 3.4%€583,985▼ 91.0%
Total assets€7.9m▲ 29.7%€8.0m▲ 2.1%€7.6m▼ 5.9%€7.5m▼ 0.9%€2.4m▼ 67.7%
Debt€793,722▼ 20.0%€1.4m▲ 70.3%€808,371▼ 40.2%€995,433▲ 23.1%€1.8m▲ 84.8%
Working capital€3.8m▲ 0.1%€3.2m▼ 15.6%€2.9m▼ 9.5%€2.4m▼ 17.7%€528,510▼ 78.1%
Staff (FTE)18.2▼ 3.7%17.2▼ 5.5%15▼ 12.8%14.4▼ 4.0%11.7▼ 18.8%
Why a figure moved sharply
- 2025 Net result -1,689%, Equity -91%, Total assets -68% on 2024. Partial demerger to FAMECH, effective 01-08-2025.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €230,562 in 2025 against €322,675 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€89,815 ▼ 97.8%
Current assets
€2.3m ▼ 30.4%
Equity and liabilities €2.4m
Equity
€583,985 ▼ 91.0%
Debt
€1.8m ▲ 84.8%
Debt's share of the balance-sheet total rises from 13.3% to 75.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€170,194▲
2024 · -€238,287
Cash flow
-€3.3m▼
2024 · -€103,829
Current ratio
1.29▼
2024 · 3.58
Quick ratio
1.18▼
2024 · 3.36
Debt to equity
3.15▲
2024 · 0.15
ROE
-576.6%▼
2024 · -2.9%
ROA
-138.9%▼
2024 · -2.5%
Interest coverage
-0.14▲
2024 · -2.87
Debt ≤ 1 year
€1.8m▲
2024 · €936,505
Debt > 1 year
€34,340▼
2024 · €58,928
Income taxes
€586▼
2024 · €652
Staff costs
€1.0m▼
2024 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 308 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 88% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.9%
went bankrupt
5.2%
stopped otherwise
88%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 308 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,927 | €3,387 | €1,653 | €4,132 | €2,033 | ▼ 50.8% |
| Remuneration, social security and pensions62 | €854,938 | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €107,058 | €112,176 | €88,037 | €84,387 | €60,368 | ▼ 28.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€9,857 | €0 | €13,211 | -€16,856 | -€351 | ▲ 97.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €25,087 | €0 | - | -€25,087 | - | - |
| Other operating charges640/8 | €63,422 | €60,577 | €111,953 | €70,495 | €70,956 | ▲ 0.7% |
| Non-recurring operating charges66A | €0 | €1,520 | €0 | - | - | - |
| Gross operating margin9900 | €1.1m | €1.3m | €1.3m | €836,572 | €919,035 | ▲ 9.9% |
| Operating profit (loss)9901 | €14,054 | €67,332 | €75,463 | -€322,675 | -€230,562 | ▲ 28.5% |
| Financial income75/76B | €2.1m | €46,812 | €131,078 | €218,176 | €176,133 | ▼ 19.3% |
| Recurring financial income75 | €2.1m | €46,812 | €131,078 | €218,176 | €176,133 | ▼ 19.3% |
| Non-recurring financial income76B | €3,816 | €0 | - | - | - | - |
| Financial charges65/66B | €11,343 | €29,442 | €40,000 | €83,066 | €3.3m | ▲ 3,887% |
| Recurring financial charges65 | €11,343 | €29,442 | €40,000 | €83,066 | €1.2m | ▲ 1,329% |
| Non-recurring financial charges66B | - | - | - | - | €2.1m | - |
| Profit (loss) for the period before taxes9903 | €2.1m | €84,702 | €166,542 | -€187,564 | -€3.4m | ▼ 1,695% |
| Transfer from deferred taxes780 | €196 | €64 | €515 | €0 | - | - |
| Income taxes67/77 | €48,901 | €28,143 | €50,286 | €652 | €586 | ▼ 10.2% |
| Profit (loss) for the period9904 | €2.0m | €56,623 | €116,771 | -€188,216 | -€3.4m | ▼ 1,689% |
| Profit (loss) for the period to be appropriated9905 | €2.0m | €56,623 | €116,771 | -€188,216 | -€3.4m | ▼ 1,689% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.9m | €8.0m | €7.6m | €7.5m | €2.4m | ▼ 67.7% |
| Fixed assets21/28 | €3.3m | €3.5m | €3.8m | €4.1m | €89,815 | ▼ 97.8% |
| Intangible fixed assets21 | €8,445 | €19,591 | €11,189 | €3,479 | - | - |
| Tangible fixed assets22/27 | €564,629 | €527,348 | €716,669 | €756,717 | €88,438 | ▼ 88.3% |
| Land and buildings22 | €373,962 | €410,755 | €652,410 | €640,251 | - | - |
| Plant, machinery and equipment23 | €67,384 | €37,504 | €21,090 | €13,259 | €7,128 | ▼ 46.2% |
| Furniture and vehicles24 | €123,283 | €79,089 | €43,169 | €103,207 | €81,310 | ▼ 21.2% |
| Financial fixed assets28 | €2.7m | €2.9m | €3.1m | €3.4m | €1,377 | ▼ 100.0% |
| Current assets29/58 | €4.6m | €4.6m | €3.7m | €3.4m | €2.3m | ▼ 30.4% |
| Amounts receivable after more than one year29 | - | - | €520,000 | €520,000 | - | - |
| Other amounts receivable291 | - | - | €520,000 | €520,000 | - | - |
| Stocks and contracts in progress3 | €41,820 | €192,411 | €102,565 | €202,433 | €200,030 | ▼ 1.2% |
| Stocks30/36 | €41,820 | €192,411 | €102,565 | €202,433 | €200,030 | ▼ 1.2% |
| Amounts receivable within one year40/41 | €1.2m | €1.5m | €1.1m | €735,226 | €788,510 | ▲ 7.2% |
| Trade receivables40 | €610,230 | €772,846 | €1.0m | €675,280 | €784,119 | ▲ 16.1% |
| Other amounts receivable41 | €628,219 | €746,192 | €25,199 | €59,947 | €4,391 | ▼ 92.7% |
| Current investments50/53 | €452,879 | €942,247 | €973,130 | €1.1m | €588,187 | ▼ 44.6% |
| Cash at bank and in hand54/58 | €2.9m | €1.9m | €1.1m | €793,905 | €750,151 | ▼ 5.5% |
| Deferred charges and accrued income490/1 | €10,456 | €26,801 | €27,819 | €37,681 | €7,174 | ▼ 81.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.9m | €8.0m | €7.6m | €7.5m | €2.4m | ▼ 67.7% |
| Equity10/15 | €7.1m | €6.7m | €6.7m | €6.5m | €583,985 | ▼ 91.0% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €44,481 | ▼ 82.2% |
| Capital10 | €250,000 | €250,000 | €250,000 | €250,000 | €44,481 | ▼ 82.2% |
| Issued capital100 | €250,000 | €250,000 | €250,000 | €250,000 | €44,481 | ▼ 82.2% |
| Reserves13 | €43,750 | €43,750 | €43,750 | €43,750 | €7,784 | ▼ 82.2% |
| Non-distributable reserves130/1 | €25,000 | €25,000 | €25,000 | €25,000 | €4,448 | ▼ 82.2% |
| Legal reserve130 | €25,000 | €25,000 | €25,000 | €25,000 | €4,448 | ▼ 82.2% |
| Tax-exempt reserves132 | €18,750 | €18,750 | €18,750 | €18,750 | €3,336 | ▼ 82.2% |
| Profit (loss) carried forward14 | €6.8m | €6.4m | €6.4m | €6.2m | €531,720 | ▼ 91.4% |
| Investment grants15 | €5,712 | €4,334 | €3,145 | €2,272 | - | - |
| Provisions and deferred taxes16 | €25,666 | €25,602 | €25,087 | €0 | - | - |
| Provisions for liabilities and charges160/5 | €25,087 | €25,087 | €25,087 | €0 | - | - |
| Other liabilities and charges164/5 | €25,087 | €25,087 | €25,087 | €0 | - | - |
| Deferred taxes168 | €579 | €515 | €0 | - | - | - |
| Amounts payable17/49 | €793,722 | €1.4m | €808,371 | €995,433 | €1.8m | ▲ 84.8% |
| Amounts payable after more than one year17 | €35,006 | €21,386 | €6,733 | €58,928 | €34,340 | ▼ 41.7% |
| Financial debts170/4 | €35,006 | €21,386 | €6,733 | €58,928 | €34,340 | ▼ 41.7% |
| Other amounts payable178/9 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €758,716 | €1.3m | €801,360 | €936,505 | €1.8m | ▲ 92.8% |
| Current portion of amounts payable after more than one year42 | €13,517 | €13,620 | €14,653 | €31,348 | €24,587 | ▼ 21.6% |
| Financial debts43 | €24,573 | €0 | - | - | €17,265 | - |
| Credit institutions430/8 | €24,573 | €0 | - | - | €17,265 | - |
| Trade debts44 | €491,053 | €664,210 | €561,289 | €637,204 | €400,412 | ▼ 37.2% |
| Suppliers440/4 | €491,053 | €664,210 | €561,289 | €637,204 | €400,412 | ▼ 37.2% |
| Advances received on contracts in progress46 | - | - | - | - | €6,233 | - |
| Taxes, remuneration and social security45 | €183,997 | €201,503 | €182,561 | €225,096 | €49,389 | ▼ 78.1% |
| Taxes450/3 | €51,897 | €34,427 | €68,857 | €97,430 | €23,691 | ▼ 75.7% |
| Remuneration and social security454/9 | €132,099 | €167,076 | €113,703 | €127,666 | €25,699 | ▼ 79.9% |
| Other amounts payable47/48 | €45,576 | €450,756 | €42,857 | €42,857 | €1.3m | ▲ 2,951% |
| Accrued charges and deferred income492/3 | €0 | - | €278 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.0m | €56,623 | €116,771 | -€188,216 | -€3.4m | ▼ 1,689% |
| + Depreciation and write-downs630 | €107,058 | €112,176 | €88,037 | €84,387 | €60,368 | ▼ 28.5% |
| Operating cash flow (approximation) | €2.1m | €168,799 | €204,808 | -€103,829 | -€3.3m | ▼ 3,085% |
| Investment in fixed assets (approximation) | - | -€302,532 | -€455,119 | -€399,212 | €4.0m | ▲ 1,102% |
| Change in cash | - | -€965,070 | -€832,339 | -€267,556 | -€43,754 | ▲ 83.6% |
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
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 42 days late
23-01
State Gazette act
Capital & shares · RestructuringDemerger · Accounting effect · Real estate6 facts ▸
State Gazette act
Capital & shares · Restructuring
Demerger · Accounting effect · Real estate6 facts ▸
- General meeting, 24-12-2025
- Demerger, scission partielle, 95711
- Accounting effect, 01-08-2025
- Real estate, Un bâtiment industriel sis rue des Cyclistes Frontière, 2, cadastré ... section B, numéro 252E P0000, pour une contenance de nonante et un ares quarante-cinq ce…
- Real estate, Un bâtiment industriel sis Nieuwpoortlaan, 9, cadastré ... section D, numéro 1198N24 P0000, pour une contenance de un hectare trois ares vingt-six centiares (1h…
- Branch of activity, activités immobilières et de détention de participations
2025
31-12
Financial
Weakest financial yearnet -€3.4m
Net result drops to -€3.4m, the lowest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 14 days late
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €2.0m
Net result €2.0m after one loss-making year.
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 56 days late
2019
31-12
Financial
Highest result since 2018net €3.4m ▲934%
Net result €3.4m, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 5.20
Current ratio from 1.71 to 5.20; short-term debt falls from €1.4m to €1.0m.
Show earlier events
31-12
Financial
Equity above €5mEq €5.1m ▲190%
2 profitable years in a row build equity to €5.1m.
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 33 days late
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Visé · 2 establishment units since 1993
Ground area
2.0 ha
Building footprint
7,155 m²
Volume, LiDAR
43,972 m³
2 parcels, Flanders, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Rue des Cyclistes Frontière(VIS) 2, 4600 Visé
since 19932.041.249.588
Nieuwpoortlaan 9, 3600 Genk
since 19962.041.249.687
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304D1198/00N024 | Flanders | 1.0 ha | 1 · 4,690 m² | 8.7 m · 2 fl. |
| 62108B0252/00E000 | Wallonia | 9,636 m² | 1 · 2,465 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
100%
According to the 2024 annual accounts of AFMECH and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionSplit off to:FAMECH
Recognitions · licences · registrations
Legal Entity Identifier
549300TODD5W30S6Z028
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Of 346 companies in sector 28990 we hold annual accounts for 278. 106 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-12-1988
Fiscal year end31-12
Activities, NACEBEL 2025
28120Manufacture of machinery and equipment not elsewhere classified
28990Manufacture of machinery and equipment not elsewhere classified
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435909783
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.