AFO TECHNICAL SOLUTIONS
ActiveThe computed 12-month bankruptcy probability of AFO TECHNICAL SOLUTIONS is 1.6% (moderate). The 2024 annual accounts show equity of €840k and a net result of €22k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 71% of 6008 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
83
/ 100
Excellent▼ -11 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability13▼-30
Solvency98▼-2
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 2.6 against 3.03 in 2023), and 39.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
60.3%
Return on assets
1.6%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
12 d early
2022
13 d early
2021
13 d early
2020
12 d early
2019
11 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€22k▼ 71.2%
2023 · €78k
2018: €51k
2020: €125k
2021: €143k
2022: €67k
2023: €78k
2018 → 2024
Working capital
€782k▼ 5.0%
2023 · €823k
2018: €546k
2020: €645k
2021: €831k
2022: €784k
2023: €823k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€669k-€813k▲ 21.4%€880k▲ 8.3%€907k▲ 3.1%€840k▼ 7.5%
Operating result€179k-€162k▼ 9.6%€100k▼ 38.5%€121k▲ 21.1%€42k▼ 64.8%
Net result€125k-€143k▲ 14.5%€67k▼ 53.0%€78k▲ 15.3%€22k▼ 71.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 65% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.39M
Fixed assets
€122k▼ 19.6%
Current assets
€1.27M▲ 3.4%
Equity and liabilities €1.39M
Equity
€840k▼ 7.5%
Debt
€553k▲ 16.8%
The debt ratio rises from 34.3% to 39.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€87k▼
2023 · €166k
Cash flow
€67k▼
2023 · €123k
Solvency
60.3%▼
2023 · 65.7%
Current ratio
2.60▼
2023 · 3.03
Quick ratio
2.59▼
2023 · 3.01
Debt / equity
0.66▲
2023 · 0.52
ROE
2.7%▼
2023 · 8.6%
ROA
1.6%▼
2023 · 5.6%
Interest coverage
20.50▼
2023 · 37.17
Debt
€553k▲
2023 · €474k
Debt ≤ 1 year
€489k▲
2023 · €406k
Debt > 1 year
€40k▼
2023 · €68k
Income taxes
€16k▼
2023 · €40k
Staff costs
€452k▲
2023 · €434k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.38M€1.39M▲
Fixed assets21/28€152k€122k▼
Tangible fixed assets22/27€140k€112k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€138k€111k▼
Financial fixed assets28€12k€11k▼
Current assets29/58€1.23M€1.27M▲
Stocks and contracts in progress3€5k€6k▲
Stocks30/36€5k€6k▲
Amounts receivable within one year40/41€795k€861k▲
Trade receivables40€732k€785k▲
Other amounts receivable41€63k€76k▲
Cash at bank and in hand54/58€405k€363k▼
Deferred charges and accrued income490/1€24k€41k▲
Equity and liabilities
Total equity and liabilities10/49€1.38M€1.39M▲
Equity10/15€907k€840k▼
Contributions10/11€21k€21k=
Reserves13€491k€423k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€489k€421k▼
Profit (loss) carried forward14€396k€396k▲
Amounts payable17/49€474k€553k▲
Amounts payable after more than one year17€68k€40k▼
Financial debts170/4€68k€40k▼
Amounts payable within one year42/48€406k€489k▲
Current portion of amounts payable after more than one year42€60k€69k▲
Trade debts44€247k€240k▼
Suppliers440/4€247k€240k▼
Taxes, remuneration and social security45€44k€35k▼
Taxes450/3€12k€44▼
Remuneration and social security454/9€33k€35k▲
Other amounts payable47/48€55k€145k▲
Accrued charges and deferred income492/3-€25k
Income statement
Code20232024
Remuneration, social security and pensions62€434k€452k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€44k▼
Other operating charges640/8€362€6k▲
Gross operating margin9900€601k€545k▼
Operating profit (loss)9901€121k€42k▼
Financial income75/76B€2k€15▼
Recurring financial income75€2k€15▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€118k€38k▼
Income taxes67/77€40k€16k▼
Profit (loss) for the period9904€78k€22k▼
Profit (loss) for the period to be appropriated9905€78k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€473k€418k▼
Profit (loss) brought forward from the previous period14P€395k€396k=
Transfer from equity791/2€51k€90k▲
Transfer to equity691/2€78k€22k▼
To other reserves6921€78k€22k▼
Profit to be distributed694/7€51k€90k▲
Return on contributions (dividend)694€51k€90k▲
Social balance
Average headcount (FTE)90878.6452,259.0▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €22k ▼71.2%
Net result drops to €22k, the lowest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €143k ▲14.5%
Net result €143k, the highest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €500kEq €669k ▲49.6%
2 profitable years in a row build equity to €669k.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Vorst · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Van Volxemlaan 3801190 VorstGround area
110 m²
Building footprint
208 m²
Volume, LiDAR
2,568 m³
Parcel 21007A0017/00C008, Brussels · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
AFO TECHNICAL SOLUTIONS
since 20122.211.653.943
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0017/00C008 | Brussels | 110 m² | 1 · 208 m² | 16.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PEROTECH INSTALLATIEBEDRIJF
BE 0818.256.960
Oostkamp · Eq €838k
SFelek
BE 0832.418.960
Dilsen-Stokkem · Eq €841k
IMMOLIFT
BE 0831.831.220
Braine-le-Château · Eq €841k
Electriciteitswerken CROMMEN Gerard
BE 0437.706.956
Bilzen-Hoeselt · Eq €841k
BOON TECHNIEK
BE 0685.455.943
Denderleeuw · Eq €842k
Of 22,729 companies in sector 43211 we hold annual accounts for 10,274. 5,145 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2012
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
46500Wholesale of information and communication equipment
46520Wholesale trade
46499Wholesale of other household goods
46900Non-specialised wholesale trade
47400Retail sale of information and communication equipment
47410Retail trade
47420Retail trade
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.