AFR GROUP
The computed 12-month bankruptcy probability of AFR GROUP is 5.7% (elevated). The 2024 annual accounts show negative equity (€-661) and a net result of €-6k. Its solvency ranks better than 6% of 11080 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-661 |
| Net result | €-6k |
| Better than sector | 6% |
| Active | 2 yrs |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -15.2% | 40.9% | |
| Net result | €-6k | €11k | |
| Equity | €-661 | €34k | |
| Gross operating margin | €34k | €35k | |
| Staff costs | €29k | €25k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €-6k |
| Cash flow | - |
| Staff costs | €29k |
| Income taxes | - |
| Dividends | - |
| Total assets | €4k |
| Equity | €-661 |
| Debt | €5k |
| of which ≤ 1y | €5k |
| of which > 1y | - |
| Working capital | €-661 |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.87 |
| Quick ratio | 0.87 |
| Working capital ratio | -15.2% |
| Solvency | -15.2% |
| Debt / equity | -7.58 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -130.3% |
| ROE | 857.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €4k |
| Current assets | 29/58 | €4k |
| Amounts receivable within one year | 40/41 | €4k |
| Cash & bank | 54/58 | €40 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4k |
| Equity | 10/15 | €-661 |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €-6k |
| Amounts payable | 17/49 | €5k |
| Amounts payable within one year | 42/48 | €5k |
| Trade debts payable within one year | 44 | €1k |
| Income statement | ||
| Gross operating margin | 9900 | €34k |
| Operating result | 9901 | €-5k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €641 |
| Result before taxes | 9903 | €-6k |
| Net result for the period | 9904 | €-6k |
| Result to be appropriated | 9905 | €-6k |
-
Current06-11-2025 → present
Former directors (3)
-
Former18-08-2025 → 06-11-2025
2 events
- 06-11-2025 Resigned· Director
- 18-08-2025 Appointed· Director
-
Former01-01-2025 → 18-08-2025
2 events
- 18-08-2025 Resigned· Director
- 01-01-2025 Appointed· Director
-
Former- → 31-12-2024
| NACE primary | Specialised construction(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 15-01-2024 |
| Status | Active |
| Postal code | 1970 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22006A0163/00M005 | Flanders | 1,863 m² | 1 · 847 m² | 16.3 m · 3 fl. |
| 23015C0022/00N000 | Flanders | 390 m² | 1 · 90 m² | 9.3 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
05-03-2026 Registered office moved from Machelen to Wezembeek-Oppem
- Kuregemstraat 66, 1831 Machelen, Belgie → Lange Eikstraat 84A - 1970 Wezembeek-Oppem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Lange Eikstraat 84A - 1970 Wezembeek-Oppem",
"city": "Wezembeek-Oppem",
"region": "vlaams_gewest",
"street": "Lange Eikstraat",
"country": "BE",
"postcode": "1970",
"box_number": null,
"street_number": "84A",
"locality_suffix": null
},
"old_address": {
"raw": "Kuregemstraat 66, 1831 Machelen, Belgie",
"city": "Machelen",
"region": "vlaams_gewest",
"street": "Kuregemstraat",
"country": "BE",
"postcode": "1831",
"box_number": null,
"street_number": "66",
"locality_suffix": null
},
"effective_date": "2026-02-03",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2026-03-05",
"filing_date": "2026-02-26",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2026-03-05",
"unanimous": true
},
"subject_company": {
"kbo": "1004.653.942",
"name_full": "AFR GROUP",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Belchev Ivo Harizanov",
"org_rep_person_name": null,
"person_role_at_subject": "Voorzitter"
},
"co_filed_documents": []
}17-11-2025 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "share_transfer",
"amount": 100,
"currency": "EUR",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"amount_type": "onbekend",
"effective_date": "2025-11-06",
"evidence_quote": "De heer Nenov Leven draagt 100 aandelen over aan de heer Belchev Ivo Harizanov.",
"contribution_type": null
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "1004.653.942",
"name_full": "AFR GROUP",
"legal_form": "BV"
}
}27-08-2025 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "share_transfer",
"amount": 100,
"currency": null,
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"amount_type": "onbekend",
"effective_date": "2025-08-18",
"evidence_quote": "De heer OGUZ MEVUT draagt 100 aandelen over aan de heer NENOV LEVEN.",
"contribution_type": null
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "1004.653.942",
"name_full": "AFR GROUP",
"legal_form": "BV"
}
}09-01-2025 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "share_transfer",
"amount": 100,
"currency": "BEF",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"amount_type": "onbekend",
"effective_date": "2024-12-31",
"evidence_quote": "De heer KANDEMIR AHMET draagt 100 aandelen over aan de heer OGUZ MEVLUT.",
"contribution_type": null
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "1004.653.942",
"name_full": "AFR GROUP",
"legal_form": "BV"
}
}17-01-2024 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "Oude Haachtsesteenweg 59, 1831 Diegem",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "KANDEMIR Ahmet",
"niss": null,
"address": "Molenstraat 96, 1210 Sint-Joost-ten-Node"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": "KANDEMIR Ahmet",
"is_subscriber_only": false,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 5000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 5000,
"subject_company": {
"kbo": "1004.653.942",
"name_full": "AFR GROUP",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2023-01-11",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | AFR GROUP |