Equity
€217,561 ▲ 10.5%
Afsnis has made a profit without a break since 2020.
Afsnis
Lifetime
7 annual accounts with figures on one time axispeak €398,154 (2019)
€303,556▲ 5.8%
lowest -€135,618 (2019)
€20,684▼ 1.2%
peak €217,561 (2025)
€217,561▲ 10.5%
€187,671▲ 3.0%
peak 6.7 FTE (2019)
-not published
Board3 names since 2018
1 director
Owners
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Cash from €179,304 to €253,873
Key points
from the 2025 annual accountsTurnover
≈ €760,000 estimated
The accounts state no turnover.
Staff
4.6 FTE from 8.2 in 2021
Between 2021 and 2025, 44% of the full-time equivalents disappeared.
Filings
7 annual accounts 5 late
The 2021 accounts came latest: 77 days after the end of the period.
Starting capital
€60,000 100 shares
Position in the sector
€217,561
More equity than 91% of companies in food and beverage service. Sector median €28,348 · 18,564 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,973 companies had the same profile as Afsnis has now. Each dot stands for 68 companies, two years later.
94.8%
were still trading
3.5%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 26,973 companies, not a prediction for Afsnis. 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.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Manager,
- 100%score equity €250,647 (2025) · annual accounts 2020
- consolidatesscore equity €250,647 (2025) · annual accounts 2022
Recent changes
Company renamed from KULT to Afsnis
Permanent representative: · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 26-03-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0701921197
Permanent representatives: and
General meeting of 15-06-2022 · Gazette deed
Resignation: (director)
Director discharge: · General meeting of 25-08-2021 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as Afsnis: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €311,000 and €453,000, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 30-08-2018Normal situation
- Activity
- Cafés and barsNACE 56301
- Establishment unit
- 2.279.625.6059000 Ghent, since 30-08-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 09-02-2024
Annual accounts 2025
- €405,232▲ 6.9%
- Employeeson 31-12-2025
- 5=
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on Afsnis
Afsnis files the micro format. That format states no turnover. The gross margin fell from €398,154 in 2019 to €303,556 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Afsnis
- What is the company number of Afsnis?
- The company number of Afsnis is 0701.921.197. The VAT number is the same number with BE in front: BE 0701.921.197.
- Where is Afsnis based?
- The registered office is at Bij Sint-Jacobs 10, 9000 Ghent.Company details
- What does Afsnis do?
- According to the KBO register, the main activity is cafés and bars (NACE 56301).
- What is the legal form of Afsnis?
- Afsnis is a private limited company (BV).
- When was Afsnis founded?
- Afsnis was founded on 30-08-2018.
- Is Afsnis still active?
- Yes, Afsnis is an active enterprise in the KBO register.
- How many employees does Afsnis have?
- Afsnis had an average of 4.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Afsnis?
- The turnover in financial year 2025 is ≈ €760,000. This figure is estimated from the gross margin of €303,556 and 72 comparable companies (NACE 56). It probably lies between €650,000 and €930,000.
- Is Afsnis profitable?
- In financial year 2025, Afsnis made a profit of €20,684.
- Where can I find the annual accounts of Afsnis?
- Afsnis filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Afsnis due?
- Afsnis must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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