AFP-TECHNOLOGY
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 08-12-2025 PDF all 18 filings
Turnover
≈ €100,000
Estimated: probably between €54,000 and €190,000
Total assets
€268,291▼ 61.2%
2024 · €690,720
Net result
€27,153▲ 16.2%
2024 · €23,360
Working capital
€100,554▲ 37.0%
2024 · €73,401
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€28,059
▲ 185%
2025
20192025
Net result
€27,153
▲ 16.2%
2025
middle half of the sector
20192025
Equity
€100,554
▲ 37.0%
2025
middle half of the sector
20192025
Total assets
€268,291
▼ 61.2%
2025
middle half of the sector
20192025
Debt
€167,737
▼ 72.8%
2025
20192025
Working capital
€100,554
▲ 37.0%
2025
middle half of the sector
20192025
Solvency
37.5%
▲ 26.9pp
2025
middle half of the sector
20192025
Current ratio
1.60
▲ 0.48
2025
middle half of the sector
20192025
Return on assets (ROA)
10.1%
▲ 6.7pp
2025
highest quarter of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.01m--€0.003m▲ 66.7%-€0.001m▲ 72.4%-€0.007m▼ 660%€0.008m€0.01m▲ 20.0%€0.03m▲ 185%
Net result-€0.001m--€0.003mwithin the sector's middle half▼ 184%€0.009mwithin the sector's middle half€0.01mwithin the sector's middle half▲ 12.6%€0.007mwithin the sector's middle half▼ 26.3%€0.02mwithin the sector's middle half▲ 219%€0.03mwithin the sector's middle half▲ 16.2%
Equity€0.03m-€0.02mwithin the sector's middle half▼ 9.8%€0.03mwithin the sector's middle half▲ 36.8%€0.04mwithin the sector's middle half▲ 30.3%€0.05mwithin the sector's middle half▲ 17.1%€0.07mwithin the sector's middle half▲ 46.7%€0.1mwithin the sector's middle half▲ 37.0%
Total assets€0.3m-€0.4mwithin the sector's middle half▲ 39.9%€0.5mwithin the sector's middle half▲ 19.3%€0.5mwithin the sector's middle half▲ 6.7%€1.0mwithin the sector's middle half▲ 92.3%€0.7mwithin the sector's middle half▼ 32.6%€0.3mwithin the sector's middle half▼ 61.2%
Debt€0.3m-€0.4m▲ 44.7%€0.5m▲ 18.2%€0.5m▲ 5.1%€1.0m▲ 98.8%€0.6m▼ 36.7%€0.2m▼ 72.8%
Working capital€0.03m-€0.02mwithin the sector's middle half▼ 9.8%€0.03mwithin the sector's middle half▲ 36.8%€0.04mwithin the sector's middle half▲ 36.4%€0.05mwithin the sector's middle half▲ 11.9%€0.07mwithin the sector's middle half▲ 46.7%€0.1mwithin the sector's middle half▲ 37.0%
Solvency8.9%-5.7%below the sector's middle half▼ 3.2pp6.6%within the sector's middle half▲ 0.8pp8.0%within the sector's middle half▲ 1.5pp4.9%below the sector's middle half▼ 3.1pp10.6%within the sector's middle half▲ 5.7pp37.5%within the sector's middle half▲ 26.9pp
Current ratio1.10-1.06within the sector's middle half▼ 0.041.07within the sector's middle half▲ 0.011.09within the sector's middle half▲ 0.021.05within the sector's middle half▼ 0.041.12within the sector's middle half▲ 0.071.60within the sector's middle half▲ 0.48
Return on assets (ROA)-0.3%--0.6%within the sector's middle half▼ 0.3pp1.8%within the sector's middle half▲ 2.4pp1.9%within the sector's middle half▲ 0.1pp0.7%within the sector's middle half▼ 1.1pp3.4%within the sector's middle half▲ 2.7pp10.1%above the sector's middle half▲ 6.7pp
Staff (FTE)0.9-0.9below the sector's middle half=0.9below the sector's middle half=0.1below the sector's middle half▼ 88.9%
above
within
below
The sector band is the middle half of the companies in Sports, amusement and recreation activities (NACE 93). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 185% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €268,291
Equity
€100,554 ▲ 37.0%
Debt
€167,737 ▼ 72.8%
Debt's share of the balance-sheet total falls from 89.4% to 62.5%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
1.67▼
2024 · 8.41
ROE
27.0%▼
2024 · 31.8%
Debt ≤ 1 year
€167,737▼
2024 · €617,319
Income taxes
€966
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2022 |
|---|---|
| Average over the year, in full-time equivalents | 0.1 |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2022 annual accounts
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · €57,792 awarded · €57,792 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €15,227 | €15,227 |
| 2024 | 2 | €13,941 | €13,941 |
| 2023 | 1 | €17,592 | €17,592 |
| 2022 | 1 | €11,032 | €11,032 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €5,096 | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | €575 | €39,226 | €513 | ▼ 98.7% |
| Gross operating margin9900 | €82,637 | €25,088 | €52,709 | -€1,572 | €8,780 | €49,071 | €28,572 | ▼ 41.8% |
| Operating profit (loss)9901 | -€9,537 | -€3,179 | -€878 | -€6,669 | €8,206 | €9,845 | €28,059 | ▲ 185% |
| Financial income75/76B | - | - | - | €23,638 | €2,844 | €16,859 | €1,905 | ▼ 88.7% |
| Recurring financial income75 | €9,967 | €730 | €10,069 | €23,638 | €2,844 | €16,859 | €1,905 | ▼ 88.7% |
| Financial charges65/66B | - | - | - | €7,049 | €3,734 | €3,345 | €1,844 | ▼ 44.9% |
| Recurring financial charges65 | €1,347 | €159 | €372 | €7,049 | €3,734 | €3,345 | €1,844 | ▼ 44.9% |
| Profit (loss) for the period before taxes9903 | -€918 | -€2,608 | €8,820 | €9,920 | €7,316 | €23,360 | €28,119 | ▲ 20.4% |
| Income taxes67/77 | - | - | - | -€12 | - | - | €966 | - |
| Profit (loss) for the period9904 | -€918 | -€2,608 | €8,820 | €9,932 | €7,316 | €23,360 | €27,153 | ▲ 16.2% |
| Profit (loss) for the period to be appropriated9905 | -€918 | -€2,608 | €8,820 | €9,932 | €7,316 | €23,360 | €27,153 | ▲ 16.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.3m | €0.4m | €0.5m | €0.5m | €1.0m | €0.7m | €0.3m | ▼ 61.2% |
| Current assets29/58 | €0.3m | €0.4m | €0.5m | €0.5m | €1.0m | €0.7m | €0.3m | ▼ 61.2% |
| Stocks and contracts in progress3 | - | - | - | - | €0.01m | - | - | - |
| Stocks30/36 | - | - | - | - | €0.01m | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.3m | €0.1m | €0.07m | €0.5m | €0.3m | €0.2m | ▼ 31.5% |
| Trade receivables40 | - | - | - | €0.07m | €0.5m | €0.2m | €0.09m | ▼ 48.1% |
| Other amounts receivable41 | - | - | - | - | €50 | €0.09m | €0.09m | ▲ 1.6% |
| Current investments50/53 | - | - | - | - | €0.3m | €0.1m | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.4m | €0.5m | €0.3m | €0.3m | €0.08m | ▼ 72.7% |
| Deferred charges and accrued income490/1 | - | - | - | €201 | €0.006m | €0.006m | €0.01m | ▲ 67.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.3m | €0.4m | €0.5m | €0.5m | €1.0m | €0.7m | €0.3m | ▼ 61.2% |
| Equity10/15 | €0.03m | €0.02m | €0.03m | €0.04m | €0.05m | €0.07m | €0.1m | ▲ 37.0% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Contributions outside capital11 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Other1109/19 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.008m | €0.005m | €0.01m | €0.02m | €0.03m | €0.05m | €0.08m | ▲ 49.5% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | - | - |
| Distributable reserves133 | - | - | - | €0.02m | €0.03m | €0.05m | €0.08m | ▲ 54.8% |
| Amounts payable17/49 | €0.3m | €0.4m | €0.5m | €0.5m | €1.0m | €0.6m | €0.2m | ▼ 72.8% |
| Amounts payable within one year42/48 | €0.3m | €0.4m | €0.5m | €0.5m | €1.0m | €0.6m | €0.2m | ▼ 72.8% |
| Trade debts44 | €0.1m | €0.3m | €0.2m | €0.3m | €0.7m | €0.6m | €0.2m | ▼ 72.9% |
| Suppliers440/4 | - | - | - | €0.3m | €0.7m | €0.6m | €0.2m | ▼ 72.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | - | - | €0.001m | - |
| Taxes450/3 | - | - | - | - | - | - | €0.001m | - |
| Remuneration and social security454/9 | - | - | - | €0.001m | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€918 | -€2,608 | €8,820 | €9,932 | €7,316 | €23,360 | €27,153 | ▲ 16.2% |
| Operating cash flow (approximation) | -€918 | -€2,608 | €8,820 | €9,932 | €7,316 | €23,360 | €27,153 | ▲ 16.2% |
| Change in cash | - | -€13,122 | €236,667 | €74,465 | -€195,275 | €38,393 | -€221,265 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as AFP-TECHNOLOGY has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of AFP-TECHNOLOGY itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,693 companies, not a prediction for AFP-TECHNOLOGY. 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.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 08-12-2025 | 2025-00577786 | |
| 30-09-2024 | abbreviated format | 28-01-2025 | 2025-00012744 | |
| 30-09-2023 | abbreviated format | 19-03-2024 | 2024-00045680 | |
| 30-09-2022 | abbreviated format | 15-03-2023 | 2023-00039876 | |
| 30-09-2021 | abbreviated format | 03-03-2022 | 2022-07000107 | |
| 30-09-2020 | abbreviated format | 31-03-2021 | 2021-09200115 | |
| 30-09-2019 | abbreviated format | 03-03-2020 | 2020-06100264 | |
| 30-09-2018 | abbreviated format | 27-03-2019 | 2019-08200397 | |
| 30-09-2017 | abbreviated format | 27-02-2018 | 2018-05700243 | |
| 30-09-2016 | abbreviated format | 17-02-2017 | 2017-04600525 |