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AFRIMAR

Active
Public limited companyfounded 199926 yrs activeNoorderlaan 121, 2030 Antwerpen, BelgiumKBO/BCE: BE 0468.116.258
Summary

AFRIMAR has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €75,309. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 4663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability40▼-9
Solvency52▼-34
Growth53▼-13
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 2.56 in 2024; short-term debt: 73.2% of total assets), and 73.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 26 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
26.8%
Return on assets
1%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
48 d late
2024
15 d early
2023
20 d early
2022
40 d early
2021
38 d early
2020
37 d early
2019
54 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 7 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 12 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

AFRIMAR was incorporated on 9 December 1999.1 The registered office was moved to Antwerpen in 2005.2 The board currently has 2 members; Davy Gorselé Advocaat has served longest, since 2025.3 Revenue grew from EUR 10 million in 2018 to EUR 15 million in 2025.4

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 28-02-2005
  3. 3Belgian State Gazette, 19-11-2025
  4. 4National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€15.4m▲ 25.9%
2024 · €12.2m
EBIT margin
0.3%=
2024 · 0.3%
Net result
€75,309▼ 47.0%
2024 · €141,964
Working capital
€2.0m▲ 3.9%
2024 · €1.9m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€9.9m▲ 18.7%€10.6m▲ 7.3%€12.6m▲ 18.6%€12.2m▼ 2.7%€15.4m▲ 25.9%
Operating result€13,683€26,428▲ 93.1%€15,225▼ 42.4%€40,776▲ 168%€50,039▲ 22.7%
Net result€87,184within the sector's middle half▲ 154%€131,783within the sector's middle half▲ 51.2%€146,183above the sector's middle half▲ 10.9%€141,964above the sector's middle half▼ 2.9%€75,309within the sector's middle half▼ 47.0%
EBIT margin0.1%▲ 0.3pp0.2%▲ 0.1pp0.1%▼ 0.1pp0.3%▲ 0.2pp0.3%=
Equity€1.5mwithin the sector's middle half▲ 6.1%€1.6mwithin the sector's middle half▲ 8.7%€1.8mwithin the sector's middle half▲ 8.9%€1.9mwithin the sector's middle half▲ 7.9%€2.0mwithin the sector's middle half▲ 3.9%
Total assets€5.7mwithin the sector's middle half▲ 85.8%€4.6mwithin the sector's middle half▼ 19.2%€7.2mwithin the sector's middle half▲ 56.9%€3.2mwithin the sector's middle half▼ 56.0%€7.5mwithin the sector's middle half▲ 136%
Debt€4.2m▲ 155%€3.0m▼ 29.3%€5.4m▲ 83.6%€1.2m▼ 77.1%€5.5m▲ 342%
Working capital€1.5mabove the sector's middle half▲ 6.1%€1.6mabove the sector's middle half▲ 8.7%€1.8mabove the sector's middle half▲ 8.9%€1.9mabove the sector's middle half▲ 7.9%€2.0mabove the sector's middle half▲ 3.9%
Solvency26.6%within the sector's middle half▼ 20.0pp35.8%within the sector's middle half▲ 9.2pp24.9%within the sector's middle half▼ 11.0pp60.9%within the sector's middle half▲ 36.1pp26.8%within the sector's middle half▼ 34.1pp
Current ratio1.36within the sector's middle half▼ 0.511.56within the sector's middle half▲ 0.201.33within the sector's middle half▼ 0.232.56within the sector's middle half▲ 1.231.37within the sector's middle half▼ 1.19
Return on assets (ROA)1.5%within the sector's middle half▲ 0.4pp2.9%within the sector's middle half▲ 1.3pp2.0%within the sector's middle half▼ 0.8pp4.5%within the sector's middle half▲ 2.4pp1.0%within the sector's middle half▼ 3.5pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000Operating result 2021: €13,683€13,683Net result 2021: €87,184€87,184Operating result 2022: €26,428€26,428Net result 2022: €131,783€131,783Operating result 2023: €15,225€15,225Net result 2023: €146,183€146,183Operating result 2024: €40,776€40,776Net result 2024: €141,964€141,964Operating result 2025: €50,039€50,039Net result 2025: €75,309€75,30920212022202320242025€0€50,000€100,000€150,000Operating result 2023: €15,225€15,200Net result 2023: €146,183€146,000Operating result 2024: €40,776€40,800Net result 2024: €141,964€142,000Operating result 2025: €50,039€50,000Net result 2025: €75,309€75,300202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 23% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.5m
Fixed assets €123 =
Current assets €7.5m ▲ 136%
Equity and liabilities €7.5m
Equity €2.0m ▲ 3.9%
Debt €5.5m ▲ 342%
Debt's share of the balance-sheet total rises from 39.1% to 73.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Quick ratio
0.19▼
2024 · 0.77
Debt to equity
2.73▲
2024 · 0.64
ROE
3.7%▼
2024 · 7.3%
Debt ≤ 1 year
€5.5m▲
2024 · €1.2m
Income taxes
€82,840▲
2024 · €3,813
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 733 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.0% went bankrupt
1.4% stopped otherwise
97% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 733 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet Code20242025
Assets
Total assets20/58€3.2m€7.5m▲
Fixed assets21/28€123€123=
Financial fixed assets28€123€123=
Affiliated companies280/1€123€123=
Participating interests280€123€123=
Current assets29/58€3.2m€7.5m▲
Stocks and contracts in progress3€2.2m€6.5m▲
Stocks30/36€2.2m€6.5m▲
Raw materials and consumables30/31€2.2m€6.5m▲
Amounts receivable within one year40/41€948,769€1.0m▲
Trade receivables40€415,505€1.0m▲
Other amounts receivable41€533,264€36,628▼
Deferred charges and accrued income490/1€8,659€9,087▲
Equity and liabilities
Total equity and liabilities10/49€3.2m€7.5m▲
Equity10/15€1.9m€2.0m▲
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€1.9m€1.9m▲
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€1.9m€1.9m▲
Amounts payable17/49€1.2m€5.5m▲
Amounts payable within one year42/48€1.2m€5.5m▲
Trade debts44€57,244€565,868▲
Suppliers440/4€57,244€565,868▲
Taxes, remuneration and social security45€8,607€43,116▲
Taxes450/3€8,607€43,116▲
Other amounts payable47/48€1.2m€4.9m▲
Income statement Code20242025
Operating income70/76A€12.2m€15.4m▲
Turnover70€12.2m€15.4m▲
Operating charges60/66A€12.2m€15.3m▲
Goods for resale, raw materials and consumables60€12.1m€15.3m▲
Purchases600/8€7.6m€19.5m▲
Change in stocks: decrease (increase)609€4.5m-€4.2m▼
Services and other goods61€66,711€69,045▲
Other operating charges640/8€118€195▲
Operating profit (loss)9901€40,776€50,039▲
Financial income75/76B€276,223€234,056▼
Recurring financial income75€276,223€234,056▼
Income from current assets751€276,223€234,056▼
Financial charges65/66B€171,222€125,946▼
Recurring financial charges65€171,222€125,946▼
Debt charges650€169,238€124,056▼
Other financial charges652/9€1,984€1,890▼
Profit (loss) for the period before taxes9903€145,777€158,149▲
Income taxes67/77€3,813€82,840▲
Taxes670/3€3,813€82,840▲
Profit (loss) for the period9904€141,964€75,309▼
Profit (loss) for the period to be appropriated9905€141,964€75,309▼
Appropriation of the result
Profit (loss) to be appropriated9906€141,964€75,309▼
Transfer to equity691/2€141,964€75,309▼
To other reserves6921€141,964€75,309▼

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€9.9m€10.6m€12.6m€12.2m€15.4m▲ 25.9%
Turnover70€9.9m€10.6m€12.6m€12.2m€15.4m▲ 25.9%
Operating charges60/66A€9.8m€10.6m€12.5m€12.2m€15.3m▲ 25.9%
Goods for resale, raw materials and consumables60€9.8m€10.5m€12.5m€12.1m€15.3m▲ 26.0%
Purchases600/8€11.9m€9.6m€15.2m€7.6m€19.5m▲ 156%
Change in stocks: decrease (increase)609-€2.1m€902,706-€2.7m€4.5m-€4.2m▼ 194%
Services and other goods61€46,180€35,449€73,046€66,711€69,045▲ 3.5%
Other operating charges640/8€101€102€109€118€195▲ 65.3%
Operating profit (loss)9901€13,683€26,428€15,225€40,776€50,039▲ 22.7%
Financial income75/76B€141,344€243,148€392,453€276,223€234,056▼ 15.3%
Recurring financial income75€141,344€243,148€392,453€276,223€234,056▼ 15.3%
Income from financial fixed assets750--€14,286---
Income from current assets751€141,344€243,148€378,167€276,223€234,056▼ 15.3%
Other financial income752/9--€0---
Financial charges65/66B€37,641€93,402€216,550€171,222€125,946▼ 26.4%
Recurring financial charges65€37,641€93,402€216,550€171,222€125,946▼ 26.4%
Debt charges650€7,558€69,042€214,726€169,238€124,056▼ 26.7%
Other financial charges652/9€30,083€24,360€1,823€1,984€1,890▼ 4.7%
Profit (loss) for the period before taxes9903€117,386€176,174€191,128€145,777€158,149▲ 8.5%
Income taxes67/77€30,202€44,391€44,945€3,813€82,840▲ 2,073%
Taxes670/3€30,202€44,391€44,945€3,813€82,840▲ 2,073%
Profit (loss) for the period9904€87,184€131,783€146,183€141,964€75,309▼ 47.0%
Profit (loss) for the period to be appropriated9905€87,184€131,783€146,183€141,964€75,309▼ 47.0%
Line20212022202320242025Change
Assets
Total assets20/58€5.7m€4.6m€7.2m€3.2m€7.5m▲ 136%
Fixed assets21/28€123€123€123€123€123=
Financial fixed assets28€123€123€123€123€123=
Affiliated companies280/1€123€123€123€123€123=
Participating interests280€123€123€123€123€123=
Current assets29/58€5.7m€4.6m€7.2m€3.2m€7.5m▲ 136%
Stocks and contracts in progress3€4.9m€4.0m€6.7m€2.2m€6.5m▲ 191%
Stocks30/36€4.9m€4.0m€6.7m€2.2m€6.5m▲ 191%
Raw materials and consumables30/31€4.9m€4.0m€6.7m€2.2m€6.5m▲ 191%
Amounts receivable within one year40/41€786,603€594,229€504,737€948,769€1.0m▲ 9.8%
Trade receivables40€781,893€591,492€501,168€415,505€1.0m▲ 142%
Other amounts receivable41€4,710€2,737€3,569€533,264€36,628▼ 93.1%
Deferred charges and accrued income490/1€245€268€2,438€8,659€9,087▲ 4.9%
Equity and liabilities
Total equity and liabilities10/49€5.7m€4.6m€7.2m€3.2m€7.5m▲ 136%
Equity10/15€1.5m€1.6m€1.8m€1.9m€2.0m▲ 3.9%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Reserves13€1.5m€1.6m€1.7m€1.9m€1.9m▲ 4.0%
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Distributable reserves133€1.4m€1.6m€1.7m€1.9m€1.9m▲ 4.0%
Amounts payable17/49€4.2m€3.0m€5.4m€1.2m€5.5m▲ 342%
Amounts payable within one year42/48€4.2m€3.0m€5.4m€1.2m€5.5m▲ 342%
Financial debts43-€1,339€95,545---
Credit institutions430/8-€1,339€95,545---
Trade debts44€159,393€387,813€305,966€57,244€565,868▲ 889%
Suppliers440/4€159,393€387,813€305,966€57,244€565,868▲ 889%
Taxes, remuneration and social security45€5,202€14,594€4,795€8,607€43,116▲ 401%
Taxes450/3€5,202€14,594€4,795€8,607€43,116▲ 401%
Other amounts payable47/48€4.0m€2.6m€5.0m€1.2m€4.9m▲ 315%
Line20212022202320242025Change
Profit (loss) for the period9904€87,184€131,783€146,183€141,964€75,309▼ 47.0%
Operating cash flow (approximation)€87,184€131,783€146,183€141,964€75,309▼ 47.0%
Investment in fixed assets (approximation)-€0€0€0€0-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-09
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 48 days late
07-08
State Gazette act Resignation: Hervé Sahores (director)
Appointment: Erwan Saint M'Leux (director)3 facts ▸
  • General meeting, 07-07-2026
  • Director resignation, Hervé Sahores (director)
  • Director appointment, Erwan Saint M'Leux (director)
2025
31-12
Financial Equity above €2mEq €2.0m ▲3.9%
8 profitable years in a row build equity to €2.0m.
19-11
State Gazette act Resignation: Toon Pauwels (director)
Appointment: Davy Gorselé Advocaat BV (director) · Permanent representative: Davy Gorselé · Mandate compensation5 facts ▸
  • General meeting, 27-10-2025
  • Director resignation, Toon Pauwels (director)
  • Director appointment, Davy Gorselé Advocaat BV (director)
  • Permanent representative, Davy Gorselé
  • Mandate compensation, Davy Gorselé Advocaat BV
16-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
29-08
State Gazette act Resignation: Deloitte Bedrijfsrevisoren BV (statutory auditor)
Appointment: PwC Bedrijfsrevisoren BV (statutory auditor) · Permanent representative: Anke Verrijssen · Auditor designation5 facts ▸
  • General meeting, 28-06-2024
  • Auditor resignation, Deloitte Bedrijfsrevisoren BV (statutory auditor)
  • Auditor appointment, PwC Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Anke Verrijssen
  • Auditor designation, uitoefening van het commissaris-mandaat
11-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
19-01
State Gazette act Reappointment: Deloitte Bedrijfsrevisoren (statutory auditor)
Statutes amendment · Capital · Power of attorney6 facts ▸
  • General meeting, 19-06-2023
  • Statutes amendment
  • Capital, €62.000
  • Auditor reappointment, Deloitte Bedrijfsrevisoren
  • Power of attorney, Quorum Advocatenkantoor BV
  • Power of attorney, Ad-Ministerie BV
2023
31-12
Financial Highest result since 2018net €146,183 ▲10.9%
Net result €146,183, the highest in the series.
21-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
07-11
State Gazette act Permanent representative: Sofian Milad
Accounting effect · Mandate term3 facts ▸
  • Permanent representative, Sofian Milad
  • Accounting effect, 01-01-2022
  • Mandate term, tot het boekjaar afsluitend op 31 december 2022
22-09
State Gazette act Resignation: Jean-Marc Foucher (director)
Appointment: Toon Pauwels (director) · Mandate compensation4 facts ▸
  • General meeting, 12-08-2022
  • Director resignation, Jean-Marc Foucher (director)
  • Director appointment, Toon Pauwels (director)
  • Mandate compensation, Toon Pauwels
Show earlier events
23-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
29-11
State Gazette act Resignations: Commlink BV (director) and Cuger BV (director)
Reappointments: Jean-Marc Foucher (director) and Hervé Sahores (director) · Appointments: Jean-Marc Foucher (director) and Hervé Sahores (director)7 facts ▸
  • General meeting, 02-11-2021
  • Director resignation, Commlink BV (director)
  • Director resignation, Cuger BV (director)
  • Director reappointment, Jean-Marc Foucher (director)
  • Director reappointment, Hervé Sahores (director)
  • Director appointment, Jean-Marc Foucher (director)
  • Director appointment, Hervé Sahores (director)
24-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Weakest financial yearnet €34,353 ▼69.4%
Net result drops to €34,353, the lowest in the series; recovery starts the following year.
23-10
State Gazette act Reappointment: Deloitte Bedrijfsrevisoren CVBA (statutory auditor)
2 facts ▸
  • General meeting, 31-07-2020
  • Auditor reappointment, Deloitte Bedrijfsrevisoren CVBA
23-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 54 days late
23-07
State Gazette act Reappointments: Jean-Marc Foucher (director) and Hervé Sahores (director)
Mandate compensation5 facts ▸
  • General meeting, 26-05-2020
  • Director reappointment, Jean-Marc Foucher (director)
  • Director reappointment, Hervé Sahores (director)
  • Mandate compensation, Jean-Marc Foucher
  • Mandate compensation, Hervé Sahores
2019
12-12
State Gazette act Appointments: Jean-Marc Foucher (director) and Hervé Salores (director)
Resignations: COMMLINK (director) and CUGER (director) · Permanent representatives: Matthias D'Hondt and Geert Cuyvers · Mandate compensation9 facts ▸
  • Board meeting, 15-10-2019
  • Director appointment, Jean-Marc Foucher (director)
  • Director appointment, Hervé Salores (director)
  • Mandate compensation, Jean-Marc Foucher
  • Mandate compensation, Hervé Salores
  • Director resignation, COMMLINK (director)
  • Director resignation, CUGER (director)
  • Permanent representative, Matthias D'Hondt
  • Permanent representative, Geert Cuyvers
15-10
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 76 days late
2018
29-11
State Gazette act Reappointment: Deloitte Bedrijfsrevisoren (statutory auditor)
Notarial deed date3 facts ▸
  • General meeting, 29-05-2017
  • Auditor reappointment, Deloitte Bedrijfsrevisoren
  • Notarial deed date, 31-10-2018
28-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
30-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
08-06
State Gazette act Appointment: COMMLINK (director)
Permanent representative: Matthias D'hondt · Mandate compensation4 facts ▸
  • Board meeting, 12-05-2017
  • Director appointment, COMMLINK (director)
  • Permanent representative, Matthias D'hondt
  • Mandate compensation, COMMLINK
2016
13-04
State Gazette act Resignation: CISCO (director)
Registered-office move4 facts ▸
  • Board meeting, 01-03-2016
  • Registered-office move, Noorderlaan 121, 2030 Antwerpen 3
  • General meeting, 04-09-2008
  • Director resignation, CISCO (director)
2014
21-10
State Gazette act Resignation: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
Appointment: Deloitte Bedrijfsrevisoren (statutory auditor) · Mandate term · Mandate compensation5 facts ▸
  • General meeting, 29-04-2014
  • Auditor resignation, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
  • Auditor appointment, Deloitte Bedrijfsrevisoren (statutory auditor)
  • Mandate term, 3 years
  • Mandate compensation, Deloitte Bedrijfsrevisoren
04-03
State Gazette act Resignation: Oude Stadt BVBA (director)
Appointments: Cuger BVBA (director) and CommLink BVBA (managing director) · Permanent representatives: Geert Cuyvers and Matthias D'hondt · Mandate compensation13 facts ▸
  • General meeting
  • Director resignation, Oude Stadt BVBA (director)
  • Director appointment, Cuger BVBA (director)
  • Permanent representative, Geert Cuyvers
  • Mandate compensation, Cuger BVBA
  • Board composition, Cuger BVBA (director)
  • Board composition, CommLink BVBA (director)
  • Permanent representative, Matthias D'hondt
  • Board meeting, 17-02-2014
  • Director resignation, Oude Stadt BVBA (chair)
  • Power of attorney, Oude Stadt BVBA
  • Power of attorney, Cornelis Boonstra
  • +1 further facts in this act
2012
22-10
State Gazette act Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
Permanent representative: Cor Boonstra · Mandate compensation4 facts ▸
  • General meeting, 29-05-2012
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
  • Mandate compensation, Ernst & Young Bedrijfsrevisoren BCVBA
  • Permanent representative, Cor Boonstra
2011
21-06
State Gazette act Resignation: HS4 (director)
Appointment: OUDE STADT (director) · Permanent representatives: DE VRIESE Kristine and BOONSTRA Cornelis · Mandate compensation7 facts ▸
  • General meeting, 30-05-2011
  • Director resignation, HS4 (director)
  • Director appointment, OUDE STADT (director)
  • Permanent representative, DE VRIESE Kristine
  • Permanent representative, BOONSTRA Cornelis
  • Mandate compensation, OUDE STADT
  • Number of directors, 2
28-02
State Gazette act Resignation: André CAREZ (director)
Appointment: COMMLINK (director) · Permanent representative: Matthias D'HONDT · Mandate compensation7 facts ▸
  • Board meeting, 09-02-2011
  • General meeting, 09-02-2011
  • Director resignation, André CAREZ (director)
  • Director resignation, André CAREZ (managing director)
  • Director appointment, COMMLINK (director)
  • Permanent representative, Matthias D'HONDT
  • Mandate compensation, COMMLINK
2010
02-03
State Gazette act Resignation: Lingier & Partners (statutory auditor)
Permanent representatives: Nicolas Rousié and Robert Boons · Appointment: Ernst & Young Bedrijfsrevisoren (statutory auditor) · Mandate compensation6 facts ▸
  • General meeting, 11-12-2009
  • Director resignation, Lingier & Partners (statutory auditor)
  • Permanent representative, Nicolas Rousié
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren (statutory auditor)
  • Mandate compensation, Ernst & Young Bedrijfsrevisoren
  • Permanent representative, Robert Boons
2008
27-08
State Gazette act Resignation: CISCO BVBA (managing director)
Permanent representatives: François Veldeman and André Carez · Appointments: Kristine De Vriese (director) and André Carez (director) · Power of attorney7 facts ▸
  • Board meeting, 23-07-2008
  • Director resignation, CISCO BVBA (managing director)
  • Permanent representative, François Veldeman
  • Power of attorney, HS4 BVBA
  • Director appointment, Kristine De Vriese (director)
  • Permanent representative, André Carez
  • Director appointment, André Carez (director)
2005
28-02
State Gazette act Registered office · Other addresses
Registered-office move2 facts ▸
  • Board meeting, 21-01-2005
  • Registered-office move, Duboisstraat 39 bus 3 - 2060 Antwerpen
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
21 of 22 acts read
About the unread acts

Of the 22 Belgian State Gazette acts we know for this company, 21 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 directors, last change in 2026

Board 2

Davy Gorselé Advocaat
Director · since 27-10-2025 · Private limited company · perm. rep.: Davy Gorselé
Current
Erwan Saint M'Leux
Director · since 07-07-2026
Current
5 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Kristine De Vriese
Director · since 19-08-2008
Not recently confirmed
COMMLINK
Director · since 24-12-2010 · Legal entity · perm. rep.: Matthias D'HONDT
Not recently confirmed
Oude Stadt B.V.
Director · since 01-01-2011 · Legal entity · perm. rep.: BOONSTRA Cornelis
Not recently confirmed
COMMLINK
Director · since 24-12-2016 · Private limited company (pre-2019) · perm. rep.: Matthias D'Hondt
Not recently confirmed
Hervé Salores
Director · since 15-10-2019
Not recently confirmed

Day-to-day management 1

COMMLINK BVBA
Managing director · since 17-02-2014 · Legal entity · perm. rep.: Matthias D'hondt
Not recently confirmed

Permanent representatives 1

Davy Gorselé
Permanent representative · since 27-10-2025 · for Davy Gorselé Advocaat
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
BOONSTRA Cornelis
Permanent representative · since 01-01-2011 · for Oude Stadt B.V.
Not recently confirmed
Matthias D'Hondt
Permanent representative · since 24-12-2016 · for COMMLINK
Not recently confirmed

Statutory auditor 1

PricewaterhouseCoopers Reviseurs d'Entreprises
Statutory auditor · since 28-06-2024
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 22 Belgian State Gazette acts has 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 · 1 establishment unit since 2000
seat establishment The establishment unit on the map
Ground area
4,911 m²
Building footprint
541 m²
Parcel 11807G1683/00C000, Flanders. Linked by address, not a title deed.
10 companies at this address See who is registered here
1 establishment unit
AFRIMAR
Noorderlaan 121, 2030 AntwerpenNACE 50101
since 20002.097.105.752
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11807G1683/00C000 Flanders 4,911 m² 1 · 541 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.

Mandate history

23 people since 2008, 9 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Davy Gorselé Advocaat
  • Director, from 27-10-2025 to date
Erwan Saint M'Leux
  • Director, from 07-07-2026 to date
PricewaterhouseCoopers Reviseurs d'Entreprises
  • Statutory auditor, from 28-06-2024 to date
Kristine De Vriese
  • Director, from 19-08-2008 not ended, last confirmed 27-08-2008
COMMLINK
  • Director, from 24-12-2010 not ended, last confirmed 28-02-2011
Oude Stadt B.V.
  • Director, from 01-01-2011 not ended, last confirmed 21-06-2011
COMMLINK
  • Director, until 15-10-2015
  • Director, from 24-12-2016 not ended, last confirmed 08-06-2017
Hervé Salores
  • Director, from 15-10-2019 not ended, last confirmed 12-12-2019
COMMLINK BVBA
  • Managing director, from 17-02-2014 not ended, last confirmed 04-03-2014
Hervé Sahores
  • Director, from 15-10-2019 to 07-07-2026
Toon Pauwels
  • Director, from 01-08-2022 to 27-10-2025
Deloitte Bedrijfsrevisoren
  • Auditor, from 01-01-2014 to 28-06-2024
Jean-Marc Foucher
  • Director, from 15-10-2019 to 01-08-2022
Commlink BV
  • Director, until 02-11-2021
Cuger BV
  • Director, until 02-11-2021
CUGER
  • Director, from 21-02-2014 to 15-10-2015
Oude Stadt BVBA
  • Chair, until 17-02-2014
  • Director, until 21-02-2014
Ernst & Young Bedrijfsrevisoren BCVBA
  • Statutory auditor, from 11-12-2009 to 01-01-2014
Plazacity
  • Director, until 01-01-2011
André Carez
  • Director, from 19-08-2008 to 24-12-2010
  • Managing director, until 24-12-2010
Lingier & Partners
  • Statutory auditor, until 11-12-2009
CISCO
  • Director, until 04-09-2008
CISCO BVBA
  • Managing director, until 19-08-2008
See the board, name and seat on a given date →

Articles of association

Purpose
De scheepvaart, de binnenvaart en de luchtvaart, het transport, het uitbaten van alle vervoermiddelen voor reizigers, dieren, goederen briefwisseling, reisgoederen, colli en…
Full purpose

De scheepvaart, de binnenvaart en de luchtvaart, het transport, het uitbaten van alle vervoermiddelen voor reizigers, dieren, goederen briefwisseling, reisgoederen, colli en paketten; de oprichting, de exploitatie en het beheer van verkeerslijnen van welke aard ook; alle lasten, scheeps- handels- en andere makelarij; alle commissieverrichtingen, vervoercommissionair, vervoermakelaar, commissionair-expediteur bij het vervoer, makelarij in verzekeringen in het algemeen, evenals het agentschap en de vertegenwoordiging van alle vervoerondememingen en van alle verzekeringsmaatschappijen; de groothandel in motorvoertuigen en motorrijwielen, hetzij nieuw of tweedehands; de handel in onderdelen en toebehoren voor motorvoertuigen en motorrijwielen, brandstoffen, smeermiddelen en banden; de onderneming voor het verhuren van motorvoertuigen en motorrijwielen; de stalling van motorvoertuigen en motorrijwielen; de bemiddeling in de financiering door een erkende derde na het bekomen van een vergunning daartoe; het beheer en het oordeelkundig uitbreiden van een onroerend patrimonium; fabricage, garnering, herstelling van niet metalen en metalen meubelen; invoer, uitvoer, aankoop en verkoop, zowel in groot- als in kleinhandel van meubelen, antieke meubelen, tweedehandse meubelen; invoer, uitvoer, aankoop en verkoop, zowel in groot- als in kleinhandel van meubileringsartikelen, meubileringsstoffen, van artikelen in glas, porselein, aardewerk, van kunstvoorwerpen, van verlichtingsartikelen, van decoratie-artikelen; onderneming voor binnenhuisinrichting; het optreden als tussenpersoon in de handel. De vennootschap mag in de hoedanigheid van commissionair, agent of zelfs voor eigen rekening, alle en om het even welke transportmiddelen bouwen, aankopen en exploiteren, alle goederen aankopen en verkopen. Zij mag in het algemeen, hetzij voor en door zichzelf, hetzij onrechtstreeks voor eigen rekening en zelfs in naam van derden of voor gemene rekening alle industriële, commerciële, of financiële verrichtingen doen die van aard zijn haar zaken te begunstigen en uit te breiden. Het bij wijze van inschrijving, inbreng, fusie, samenwerking, financiële tussenkomst of anderszins verwerven van een belang of deelneming in alle bestaande of nog op te richten vennootschappen, ondernemingen, bedrijvigheden of verenigingen zonder onderscheid in België of in het buitenland. Het beheren, valoriseren verkopen of anderszins te gelde maken, of inbrengen in andere vennootschappen, van deze belangen of deelnemingen, alsook het rechtstreeks of onrechtstreeks deelnemen aan het bestuur, de directie, de controle en vereffening van de vennootschappen, ondernemingen, bedrijvigheden en verenigingen waarin zij een belang of deelneming heeft. Het verlenen van alle advies en bijstand op alle mogelijke vlakken van de bedrijfsvoering aan het bestuur en de directie van de vennootschappen, ondernemingen, bedrijvigheden en verenigingen waarin zij een belang of deelneming heeft, en in het algemeen het stellen van alle handelingen die geheel of gedeeltelijk, rechtstreeks of onrechtstreeks behoren tot de activiteiten van een holding. Alle bijstand verlenen onder de vorm van management in de breedste zin van het woord, ten voordele van de verdere ontwikkeling van de activiteiten eigen aan de vennootschappen waarin wordt of zal worden geparticipeerd. Het ontwikkelen van nieuwe strategieën, ten voordele van de vennootschapen waarin wordt geparticipeerd. De studie, het onderzoek, de conceptie, de uitvoering en de commercialisering van nieuwe technieken ten bate van de vennootschappen waarin zal worden geparticipeerd. De opleiding en beroepsvorming organiseren van kader- en uitvoerend personeel, en dit zowel van eigen personeel als personeel van de vennootschappen waarin wordt geparticipeerd. Alle verrichtingen van mandaat van bestuur die betrekking hebben op voornoemde activiteiten. Alle financiële verrichtingen zowel met de vennootschappen waarin wordt of zal worden geparticipeerd als met derden, met uitzondering van de financiële verrichtingen voorbehouden aan financiële tussenpersonen. De vennootschap kan alle hoegenaamde commerciële -, industriële -, financiële -, roerende en onroerende verrichtingen uitvoeren, die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp of die van aard zijn de wezenlijke realisatie daarvan te bevorderen, in de ruimst mogelijke zin. Zij kan zich ten gunste van de vennootschappen, ondernemingen, bedrijvigheden en verenigingen waarin zij een belang of deelneming heeft borgstellen of haar aval verlenen, optreden als agent of vertegenwoordiger, voorschotten toestaan, kredieten verlenen, hypothecaire of andere zekerheden verstrekken.

Structure & network

Part of the group LOUIS DREYFUS COMPANY B.V. 7 companies Group, risk and exposure

Owners and holdings

2 owners · 1 holding

Chain of control

  1. LOUIS DREYFUS COMPANY B.V.NL consolidated
  2. ILOMAR HOLDING 99.84%
  3. AFRIMAR

Highest known parent: LOUIS DREYFUS COMPANY B.V. (Netherlands). The sources do not say who stands above it.

According to the 2025 annual accounts of AFRIMAR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

5 connected companies
Linked via shared directors
4STOX
Shared director
→
Molenbergnatie
Shared director
→
Show 1 more companies with a shared director
TERMINAL ATHUS
Shared director
→

Capital and shareholders

Capital over the years
  1. 19-01-2024 Capital stated in the act · 62,000 EUR · 620 shares

Similar companies · same sector, comparable size

Of 9,141 companies in this sector we hold annual accounts for 6,773. 4,303 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPublic limited company
Founded09-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID 0208:0468116258
Registered 12-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.