AFRAH
ActiveThe computed 12-month bankruptcy probability of AFRAH is 2.2% (moderate). The 2024 annual accounts show negative equity (€-3k) and a net result of €4k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 24% of 18938 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
16
/ 100
Critical▼ -5 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0
Solvency39▲+6
Growth78=
Stability100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.73 against 0.17 in 2023), and equity is negative.
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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-8%
Return on assets
12.6%
Age of the figures
20 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 18938 sector peers (2024).
NBB · sector comparisonPosition among 18938 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-12-2025, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
152 d late
2023
92 d late
2022
92 d late
2021
92 d late
2020
31 d late
2019
49 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-3k▲ 61.2%
2023 · €-7k
2018: €-8k
2019: €-9k
2020: €-9k
2021: €-10k
2022: €-7k
2023: €-7k
2018 → 2024
Total assets
€32k▲ 105%
2023 · €15k
2018: €6k
2021: €7k
2022: €46k
2023: €15k
2018 → 2024
Net result
€4k▲ 94.9%
2022 · €2k
2018: €-251
2019: €-344
2020: €-275
2021: €-692
2022: €2k
2018 → 2024
Working capital
€-9k▲ 49.9%
2023 · €-18k
2018: €-12k
2021: €-15k
2022: €-20k
2023: €-18k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-9k-€-10k▼ 7.8%€-7k▲ 21.6%€-7k▲ 12.0%€-3k▲ 61.2%
Operating result€-275-€-692▼ 152%€3k€160▼ 94.7%€4k▲ 2,512%
Net result€-275-€-692▼ 152%€2k€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2,512% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €32k
Fixed assets
€7k▼ 43.6%
Current assets
€25k▲ 572%
Key figures and ratios
EBITDA
€9k▲
2023 · €5k
Cash flow
€9k
Solvency
-8.0%▲
2023 · -42.3%
Current ratio
0.73▲
2023 · 0.17
Quick ratio
0.67▲
2023 · 0.07
Debt / equity
-13.48▼
2023 · -3.36
ROE
-157.6%
ROA
12.6%
Interest coverage
58.84▲
2023 · 33.88
Debt
€34k▲
2023 · €22k
Debt ≤ 1 year
€34k▲
2023 · €22k
Staff costs
€22k▼
2023 · €24k
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€15k€32k▲
Fixed assets21/28€12k€7k▼
Tangible fixed assets22/27€12k€7k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€5k€2k▼
Current assets29/58€4k€25k▲
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Cash at bank and in hand54/58€1k€23k▲
Equity and liabilities
Total equity and liabilities10/49€15k€32k▲
Equity10/15€-7k€-3k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-13k€-9k▲
Amounts payable17/49€22k€34k▲
Amounts payable within one year42/48€22k€34k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€7k€27k▲
Taxes450/3€4k€16k▲
Remuneration and social security454/9€4k€11k▲
Other amounts payable47/48€12k€5k▼
Income statement
Code20232024
Non-recurring operating income76A€18k-
Remuneration, social security and pensions62€24k€22k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€294€9k▲
Gross operating margin9900€30k€40k▲
Operating profit (loss)9901€160€4k▲
Financial charges65/66B€160€158▼
Recurring financial charges65€160€158▼
Profit (loss) for the period before taxes9903-€4k
Profit (loss) for the period9904-€4k
Profit (loss) for the period to be appropriated9905-€4k
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-9k▲
Profit (loss) brought forward from the previous period14P€-13k€-13k=
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 152 days late
2024
31-12
Financial
Highest result since 2018net €4k ▲94.9%
Operating result €4k, net result €4k, both a record.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 4 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Weakest financial yearnet €-692
Net result drops to €-692, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-09-2025
Haddad Hicham: Resigned as Director
31-07-2023
Achergui Youssef: Resigned as Director
01-04-2021
Boulahtari Sanaa: Resigned as Director
31-03-2012
El Aissaoui Khalid: Resigned as Manager
24-02-2012
Boulahtari Sanaa: Resigned as Manager
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2010
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.
Turnhoutsebaan 1432140 AntwerpenGround area
589 m²
Building footprint
594 m²
Volume, LiDAR
12,205 m³
Parcel 11312A0767/00E000, Flanders · tallest building 25.7 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Afrah
since 20102.189.061.653
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11312A0767/00E000 | Flanders | 589 m² | 1 · 594 m² | 25.7 m · 8 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.189.061.653
Similar companies · same sector and region
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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 20,234 companies in sector 56111 we hold annual accounts for 11,312.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-04-2010
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.