AFR
Bankruptcy closedChecked score
Score 2020
Axes · tick = 2019
Profitability100▲+54
Solvency0▼-96
Growth55▼-30
Stability0
Credit verdict
No credit on open account
Liquidity short (current ratio 0.37 against 1.86 in 2019), and equity is negative.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Turnover
€106k▲ 70.2%
2018 · €62k
2018: €62k
2018 → 2019
EBIT margin
-3.8%▲ 13.5pp
2018 · -17.3%
2018: -17.3%
2018 → 2019
Net result
€-26k
2019 · €3k
2018: €-830
2019: €3k
2018 → 2020
Working capital
€-22k
2019 · €4k
2018: €883
2019: €4k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€62k-€106k▲ 70.2%
Equity€8k-€11k▲ 30.9%€-15k
Operating result€-11k-€-4k▲ 62.8%€-32k▼ 692%
Net result€-830-€3k€-26k
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 €32k in 2020 against €4k in 2019; the loss grows and 2020 is the lowest year so far.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €19k
Fixed assets
€7k▼ 4.2%
Current assets
€13k▲ 54.7%
Key figures and ratios
EBITDA
€-31k▼
2019 · €-4k
Cash flow
€-25k▼
2019 · €3k
Solvency
-77.3%▼
2019 · 71.3%
Current ratio
0.37▼
2019 · 1.86
Quick ratio
0.25▼
2019 · 1.01
ROE
172.6%▲
2019 · 23.6%
ROA
-133.4%▼
2019 · 16.8%
Debt
€34k▲
2019 · €4k
Debt ≤ 1 year
€34k▲
2019 · €4k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€15k€19k▲
Fixed assets21/28€7k€7k▼
Tangible fixed assets22/27€300-
Financial fixed assets28€7k€7k=
Current assets29/58€8k€13k▲
Stocks and contracts in progress3€4k€4k▲
Amounts receivable within one year40/41€248€4k▲
Cash at bank and in hand54/58€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€15k€19k▲
Equity10/15€11k€-15k▼
Contributions10/11€12k-
Reserves13€111€111=
Profit (loss) carried forward14€-2k€-27k▼
Amounts payable17/49€4k€34k▲
Amounts payable within one year42/48€4k€34k▲
Trade debts44€666€1k▲
Income statement
Code20192020
Turnover70€106k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€300€300=
Gross operating margin9900€2k€-26k▼
Operating profit (loss)9901€-4k€-32k▼
Recurring financial income75€47€1▼
Recurring financial charges65€497€1k▲
Profit (loss) for the period before taxes9903€3k€-26k▼
Profit (loss) for the period9904€3k€-26k▼
Profit (loss) for the period to be appropriated9905€3k€-26k▼
Timeline · acts, filings and financial milestones
2026
02-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · AFR BVBA STATIELEI 18, 2140 BORGERHOUT (ANTWERPEN) · event 26-05-2026
2024
27-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · AFR BVBA STATIELEI 18, 2140 BORGERHOUT (ANTWERPEN) · event 19-12-2024
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-26k ▼1107%
Net result drops to €-26k, the lowest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 87 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
12-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 12 days late
2014
11-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 11 days late
2013
29-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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 directors, last change in 2022
Gjenar
CurrentDirector · since 24-06-2022
24-06-2022
Gjenar: Appointed as Director
24-06-2022
Frokku: Resigned as Director
Not every act has been read: a resignation may be missing here
12 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen
Ground area
154 m²
Building footprint
78 m²
Volume, LiDAR
622 m³
Parcel 11312A0111/00V017, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11312A0111/00V017 | Flanders | 154 m² | 1 · 78 m² | 10.9 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DANIëL VAN INGELGHEM AMERIKALEI 160,
2000 ANTWERPEN 1 |
19-12-2024 → present |
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 13,832 companies in sector 56301 we hold annual accounts for 4,809.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-02-2011
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
56309Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.