AFORTI
ActiveSummary
AFORTI has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€55,046) and a net result of -€3,660. Equity is shrinking by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 8% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▲+6
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.2 against 1.36 in 2024; short-term debt: 83% and cash: 11.5% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-149.2%
Return on assets
-9.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€55,046
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
25 d late
2023
41 d early
2022
18 d late
2021
11 d late
2020
25 d late
2019
47 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 16 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
Go further with this company
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€55,046▼ 7.1%
2024 · -€51,386
Total assets
€36,883▼ 25.5%
2024 · €49,495
Net result
-€3,660▲ 54.3%
2024 · -€8,000
Working capital
€6,256▼ 52.5%
2024 · €13,179
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20212022202320242025
Operating result-€15,849▲ 13.0%€3,086€2,282▼ 26.0%-€7,659-€3,365▲ 56.1%
Net result-€16,310below the sector's middle half▲ 22.5%€2,243within the sector's middle half€1,839within the sector's middle half▼ 18.0%-€8,000below the sector's middle half-€3,660within the sector's middle half▲ 54.3%
Equity-€47,469below the sector's middle half▼ 52.3%-€45,225below the sector's middle half▲ 4.7%-€43,386below the sector's middle half▲ 4.1%-€51,386below the sector's middle half▼ 18.4%-€55,046below the sector's middle half▼ 7.1%
Total assets€100,105within the sector's middle half▼ 33.4%€64,583below the sector's middle half▼ 35.5%€58,258below the sector's middle half▼ 9.8%€49,495below the sector's middle half▼ 15.0%€36,883below the sector's middle half▼ 25.5%
Debt€147,574▼ 10.3%€109,809▼ 25.6%€101,644▼ 7.4%€100,881▼ 0.8%€91,929▼ 8.9%
Working capital€25,349▼ 33.6%€19,866▼ 21.6%€21,442▲ 7.9%€13,179▼ 38.5%€6,256▼ 52.5%
Solvency-47.4%below the sector's middle half▼ 26.7pp-70.0%below the sector's middle half▼ 22.6pp-74.5%below the sector's middle half▼ 4.4pp-103.8%below the sector's middle half▼ 29.3pp-149.2%below the sector's middle half▼ 45.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 stays negative: a loss of €3,365 in 2025 against €7,659 in 2024; the loss shrinks.
Key figures and ratios
EBITDA
-€3,365▲
2024 · -€4,659
Cash flow
-€3,660▲
2024 · -€5,000
Current ratio
1.20▼
2024 · 1.36
Quick ratio
0.99▲
2024 · 0.91
Debt to equity
-1.67▲
2024 · -1.96
ROA
-9.9%▲
2024 · -16.2%
Interest coverage
-11.37▲
2024 · -13.66
Debt ≤ 1 year
€30,626▼
2024 · €36,316
Debt > 1 year
€61,303▼
2024 · €64,566
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
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 2,338 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,943 | €3,000 | €3,000 | €3,000 | €0 | ▼ 100% |
| Other operating charges640/8 | €1,222 | €524 | €785 | €717 | €567 | ▼ 21.0% |
| Gross operating margin9900 | -€2,685 | €6,610 | €6,068 | -€3,942 | -€2,798 | ▲ 29.0% |
| Operating profit (loss)9901 | -€15,849 | €3,086 | €2,282 | -€7,659 | -€3,365 | ▲ 56.1% |
| Financial income75/76B | €1,845 | €182 | €0 | - | €1 | - |
| Recurring financial income75 | €1,845 | €182 | €0 | - | €1 | - |
| Financial charges65/66B | €2,306 | €1,025 | €443 | €341 | €296 | ▼ 13.2% |
| Recurring financial charges65 | €2,306 | €1,025 | €443 | €341 | €296 | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | -€16,310 | €2,243 | €1,839 | -€8,000 | -€3,660 | ▲ 54.3% |
| Profit (loss) for the period9904 | -€16,310 | €2,243 | €1,839 | -€8,000 | -€3,660 | ▲ 54.3% |
| Profit (loss) for the period to be appropriated9905 | -€16,310 | €2,243 | €1,839 | -€8,000 | -€3,660 | ▲ 54.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €100,105 | €64,583 | €58,258 | €49,495 | €36,883 | ▼ 25.5% |
| Fixed assets21/28 | €9,000 | €6,000 | €3,000 | €0 | - | - |
| Intangible fixed assets21 | €9,000 | €6,000 | €3,000 | €0 | - | - |
| Current assets29/58 | €91,105 | €58,583 | €55,258 | €49,495 | €36,883 | ▼ 25.5% |
| Stocks and contracts in progress3 | €39,875 | €13,922 | €18,445 | €16,353 | €6,527 | ▼ 60.1% |
| Stocks30/36 | €39,875 | €13,922 | €18,445 | €16,353 | €6,527 | ▼ 60.1% |
| Amounts receivable within one year40/41 | €8,724 | €8,742 | €8,835 | €4,722 | €6,531 | ▲ 38.3% |
| Trade receivables40 | €7,623 | €8,742 | €8,835 | €3,255 | €5,505 | ▲ 69.1% |
| Other amounts receivable41 | €1,101 | €0 | - | €1,467 | €1,026 | ▼ 30.1% |
| Cash at bank and in hand54/58 | €8,005 | €1,419 | €3,477 | €3,920 | €4,226 | ▲ 7.8% |
| Deferred charges and accrued income490/1 | €34,500 | €34,500 | €24,500 | €24,500 | €19,599 | ▼ 20.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €100,105 | €64,583 | €58,258 | €49,495 | €36,883 | ▼ 25.5% |
| Equity10/15 | -€47,469 | -€45,225 | -€43,386 | -€51,386 | -€55,046 | ▼ 7.1% |
| Contributions10/11 | €18,300 | €18,300 | €18,300 | €18,300 | €18,300 | = |
| Profit (loss) carried forward14 | -€65,769 | -€63,525 | -€61,686 | -€69,686 | -€73,346 | ▼ 5.3% |
| Amounts payable17/49 | €147,574 | €109,809 | €101,644 | €100,881 | €91,929 | ▼ 8.9% |
| Amounts payable after more than one year17 | €81,818 | €71,091 | €67,828 | €64,566 | €61,303 | ▼ 5.1% |
| Financial debts170/4 | €81,818 | €71,091 | €67,828 | €64,566 | €61,303 | ▼ 5.1% |
| Amounts payable within one year42/48 | €65,755 | €38,718 | €33,816 | €36,316 | €30,626 | ▼ 15.7% |
| Current portion of amounts payable after more than one year42 | €19,566 | €9,823 | €2,525 | €2,525 | €2,525 | = |
| Trade debts44 | €19,697 | €1,210 | €2,498 | €6,648 | €984 | ▼ 85.2% |
| Suppliers440/4 | €19,697 | €1,210 | €2,498 | €6,648 | €984 | ▼ 85.2% |
| Advances received on contracts in progress46 | - | - | €896 | €0 | - | - |
| Taxes, remuneration and social security45 | €0 | €543 | €754 | €0 | - | - |
| Taxes450/3 | €0 | €543 | €754 | €0 | - | - |
| Other amounts payable47/48 | €26,492 | €27,142 | €27,142 | €27,142 | €27,117 | ▼ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,310 | €2,243 | €1,839 | -€8,000 | -€3,660 | ▲ 54.3% |
| + Depreciation and write-downs630 | €11,943 | €3,000 | €3,000 | €3,000 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€4,367 | €5,243 | €4,839 | -€5,000 | -€3,660 | ▲ 26.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | -€6,586 | €2,058 | €443 | €306 | ▼ 30.9% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Back to profitnet €2,243
Net result €2,243 after 4 loss-making years.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Lochristi · 1 establishment unit since 2015
Ground area
1,111 m²
Building footprint
202 m²
Parcel 44076F0061/00K000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AFORTI
since 20152.246.217.518
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44076F0061/00K000 | Flanders | 1,111 m² | 1 · 201 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLochristi2.246.217.518
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Of 1,638 companies in sector 46170 we hold annual accounts for 669. 263 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
Founded10-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
E-invoicing
Reachable via Peppol
Peppol ID
0208:0636947035
Also
9925:BE0636947035
Registered
18-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.