AFSSOU
ActiveSummary
AFSSOU has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,320 and a net result of €1,080. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 48% of 8161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-2
Solvency67▼-4
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.85 in 2024; short-term debt: 57.8% and cash: 15.3% of total assets), but 57.8% 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+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €15,320
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
30 d late
2022
on the day
2021
29 d late
2020
30 d late
2019
91 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 34 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1,080▼ 5.3%
2024 · €1,141
Working capital
€15,320▲ 5.2%
2024 · €14,565
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,681€5,682▲ 112%€3,272▼ 42.4%€635▼ 80.6%€1,030▲ 62.0%
Net result€3,341within the sector's middle half▲ 909%€6,330within the sector's middle half▲ 89.4%€3,083within the sector's middle half▼ 51.3%€1,141within the sector's middle half▼ 63.0%€1,080within the sector's middle half▼ 5.3%
Equity€23,012within the sector's middle half▲ 17.0%€29,342within the sector's middle half▲ 27.5%€13,425within the sector's middle half▼ 54.2%€14,565within the sector's middle half▲ 8.5%€15,320below the sector's middle half▲ 5.2%
Total assets€30,660below the sector's middle half▼ 9.8%€33,609below the sector's middle half▲ 9.6%€27,911below the sector's middle half▼ 17.0%€31,646below the sector's middle half▲ 13.4%€36,269below the sector's middle half▲ 14.6%
Debt€7,648▼ 46.6%€4,268▼ 44.2%€14,487▲ 239%€17,080▲ 17.9%€20,948▲ 22.6%
Working capital€23,012within the sector's middle half▲ 17.0%€29,342within the sector's middle half▲ 27.5%€13,425within the sector's middle half▼ 54.2%€14,565within the sector's middle half▲ 8.5%€15,320below the sector's middle half▲ 5.2%
Solvency75.1%above the sector's middle half▲ 17.2pp87.3%above the sector's middle half▲ 12.2pp48.1%within the sector's middle half▼ 39.2pp46.0%within the sector's middle half▼ 2.1pp42.2%within the sector's middle half▼ 3.8pp
Current ratio4.01above the sector's middle half▲ 1.647.88above the sector's middle half▲ 3.871.93within the sector's middle half▼ 5.951.85within the sector's middle half▼ 0.071.73within the sector's middle half▼ 0.12
Return on assets (ROA)10.9%within the sector's middle half▲ 9.9pp18.8%above the sector's middle half▲ 7.9pp11.0%within the sector's middle half▼ 7.8pp3.6%within the sector's middle half▼ 7.4pp3.0%within the sector's middle half▼ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 62% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €36,269
Equity
€15,320 ▲ 5.2%
Debt
€20,948 ▲ 22.6%
Debt's share of the balance-sheet total rises from 54.0% to 57.8%. Equity and debt are higher.
Key figures and ratios
Quick ratio
0.29▲
2024 · 0.09
Debt to equity
1.37▲
2024 · 1.17
ROE
7.0%▼
2024 · 7.8%
Debt ≤ 1 year
€20,948▲
2024 · €17,080
Income taxes
€249
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 17,039 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €241 | €251 | €448 | €282 | €482 | ▲ 70.8% |
| Gross operating margin9900 | €2,922 | €5,933 | €3,720 | €918 | €1,512 | ▲ 64.7% |
| Operating profit (loss)9901 | €2,681 | €5,682 | €3,272 | €635 | €1,030 | ▲ 62.0% |
| Financial charges65/66B | -€660 | -€648 | -€497 | -€505 | -€299 | ▲ 40.9% |
| Recurring financial charges65 | -€660 | -€648 | -€497 | -€505 | -€299 | ▲ 40.9% |
| Profit (loss) for the period before taxes9903 | €3,341 | €6,330 | €3,768 | €1,141 | €1,328 | ▲ 16.5% |
| Income taxes67/77 | - | - | €685 | - | €249 | - |
| Profit (loss) for the period9904 | €3,341 | €6,330 | €3,083 | €1,141 | €1,080 | ▼ 5.3% |
| Profit (loss) for the period to be appropriated9905 | €3,341 | €6,330 | €3,083 | €1,141 | €1,080 | ▼ 5.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,660 | €33,609 | €27,911 | €31,646 | €36,269 | ▲ 14.6% |
| Current assets29/58 | €30,660 | €33,609 | €27,911 | €31,646 | €36,269 | ▲ 14.6% |
| Stocks and contracts in progress3 | €23,984 | €23,984 | €26,334 | €30,184 | €30,184 | = |
| Stocks30/36 | €23,984 | €23,984 | €26,334 | €30,184 | €30,184 | = |
| Amounts receivable within one year40/41 | - | €5,665 | €87 | - | - | - |
| Other amounts receivable41 | - | €5,665 | €87 | - | - | - |
| Cash at bank and in hand54/58 | €6,157 | €3,635 | €979 | €950 | €5,546 | ▲ 484% |
| Deferred charges and accrued income490/1 | €519 | €325 | €511 | €511 | €539 | ▲ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,660 | €33,609 | €27,911 | €31,646 | €36,269 | ▲ 14.6% |
| Equity10/15 | €23,012 | €29,342 | €13,425 | €14,565 | €15,320 | ▲ 5.2% |
| Contributions10/11 | €19,000 | €19,000 | - | - | - | - |
| Outside capital11 | €19,000 | €19,000 | - | - | - | - |
| Other1109/19 | €19,000 | €19,000 | - | - | - | - |
| Reserves13 | €325 | €325 | €325 | €325 | - | - |
| Non-distributable reserves130/1 | €325 | €325 | €325 | €325 | - | - |
| Legal reserve130 | - | - | €325 | €325 | - | - |
| Reserves not available under the articles1311 | €325 | €325 | - | - | - | - |
| Profit (loss) carried forward14 | €3,687 | €10,017 | €13,100 | €14,241 | €15,320 | ▲ 7.6% |
| Amounts payable17/49 | €7,648 | €4,268 | €14,487 | €17,080 | €20,948 | ▲ 22.6% |
| Amounts payable within one year42/48 | €7,648 | €4,268 | €14,487 | €17,080 | €20,948 | ▲ 22.6% |
| Financial debts43 | - | - | - | - | €360 | - |
| Credit institutions430/8 | - | - | - | - | €360 | - |
| Trade debts44 | €4,114 | €4,018 | €1,504 | €1,141 | €942 | ▼ 17.4% |
| Suppliers440/4 | €4,114 | €4,018 | €1,504 | €1,141 | €942 | ▼ 17.4% |
| Taxes, remuneration and social security45 | €3,534 | €250 | €1,383 | €2,319 | €3,652 | ▲ 57.5% |
| Taxes450/3 | €3,534 | €250 | €1,383 | €2,319 | €3,652 | ▲ 57.5% |
| Other amounts payable47/48 | - | - | €11,600 | €13,620 | €15,995 | ▲ 17.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,341 | €6,330 | €3,083 | €1,141 | €1,080 | ▼ 5.3% |
| Operating cash flow (approximation) | €3,341 | €6,330 | €3,083 | €1,141 | €1,080 | ▼ 5.3% |
| Change in cash | - | -€2,522 | -€2,656 | -€29 | €4,596 | ▲ 15,785% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €6,330 ▲89.4%
Net result €6,330, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €331 ▼92.5%
Net result drops to €331, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 4.03
Current ratio from 1.86 to 4.03; short-term debt falls from €17,335 to €6,388.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2003
Ground area
80 m²
Building footprint
80 m²
Volume, LiDAR
1,363 m³
Parcel 21015A0482/00W002, Brussels · tallest building 18.7 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Albert Giraudlaan 52, 1030 Schaarbeek
since 20032.126.896.234
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21015A0482/00W002 | Brussels | 80 m² | 1 · 80 m² | 18.7 m · 6 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.126.896.234
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Of 697 companies in sector 46392 we hold annual accounts for 485. 172 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-01-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46392Non-specialised wholesale
E-invoicing
Reachable via Peppol
Peppol ID
9925:BE0479403791
Registered
02-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.