AFTERHOURS
ActiveSummary
AFTERHOURS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96,636 and a net result of -€26,679. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 80% of 683 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▲+6
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 6.14 against 8.21 in 2024; short-term debt: 14.7% and cash: 51% of total assets), and 14.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% 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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
85.3%
Return on assets
-23.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€26,679
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
22 d late
2023
26 d early
2022
19 d early
2021
25 d early
2020
30 d late
2019
27 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 5 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€96,636▼ 37.7%
2024 · €155,239
Total assets
€113,255▼ 35.1%
2024 · €174,500
Net result
-€26,679▲ 58.2%
2024 · -€63,755
Working capital
€85,479▼ 38.5%
2024 · €138,880
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€64,856▼ 28.0%€50,999▼ 21.4%€109,406▲ 115%-€26,420€34,047
Net result€8,051▼ 84.0%€3,045▼ 62.2%€47,970▲ 1,475%-€63,755-€26,679▲ 58.2%
Equity€167,979▲ 5.0%€171,024▲ 1.8%€218,994▲ 28.0%€155,239▼ 29.1%€96,636▼ 37.7%
Total assets€288,677▲ 18.8%€277,962▼ 3.7%€254,401▼ 8.5%€174,500▼ 31.4%€113,255▼ 35.1%
Debt€120,698▲ 45.4%€106,938▼ 11.4%€35,407▼ 66.9%€19,261▼ 45.6%€16,619▼ 13.7%
Working capital€144,033▲ 4.2%€148,947▲ 3.4%€198,946▲ 33.6%€138,880▼ 30.2%€85,479▼ 38.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €34,047 after a loss of €26,420 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €113,255
Fixed assets
€11,158 ▼ 31.8%
Current assets
€102,097 ▼ 35.4%
Equity and liabilities €113,255
Equity
€96,636 ▼ 37.7%
Debt
€16,619 ▼ 13.7%
Debt's share of the balance-sheet total rises from 11.0% to 14.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€41,561▲
2024 · -€14,199
Cash flow
-€19,165▲
2024 · -€51,534
Current ratio
6.14▼
2024 · 8.21
Debt to equity
0.17▲
2024 · 0.12
ROE
-27.6%▲
2024 · -41.1%
ROA
-23.6%▲
2024 · -36.5%
Interest coverage
0.68▲
2024 · -0.38
Debt ≤ 1 year
€16,619▼
2024 · €19,261
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,827 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,596 | €14,845 | €11,917 | €12,221 | €7,514 | ▼ 38.5% |
| Other operating charges640/8 | €731 | €819 | €881 | €622 | €1,103 | ▲ 77.4% |
| Non-recurring operating charges66A | €85 | €3,769 | €484 | €402 | - | - |
| Gross operating margin9900 | €81,268 | €70,432 | €122,688 | -€13,176 | €42,664 | ▲ 424% |
| Operating profit (loss)9901 | €64,856 | €50,999 | €109,406 | -€26,420 | €34,047 | ▲ 229% |
| Financial income75/76B | €1,300 | €19 | €1,101 | €49 | €73 | ▲ 50.2% |
| Recurring financial income75 | €1,300 | €19 | €1,101 | €49 | €73 | ▲ 50.2% |
| Financial charges65/66B | €53,239 | €44,429 | €41,789 | €37,148 | €60,799 | ▲ 63.7% |
| Recurring financial charges65 | €53,239 | €44,429 | €41,789 | €37,148 | €60,799 | ▲ 63.7% |
| Profit (loss) for the period before taxes9903 | €12,917 | €6,589 | €68,717 | -€63,519 | -€26,679 | ▲ 58.0% |
| Income taxes67/77 | €4,866 | €3,544 | €20,748 | €236 | - | - |
| Profit (loss) for the period9904 | €8,051 | €3,045 | €47,970 | -€63,755 | -€26,679 | ▲ 58.2% |
| Profit (loss) for the period to be appropriated9905 | €8,051 | €3,045 | €47,970 | -€63,755 | -€26,679 | ▲ 58.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €288,677 | €277,962 | €254,401 | €174,500 | €113,255 | ▼ 35.1% |
| Fixed assets21/28 | €42,943 | €33,348 | €24,222 | €16,359 | €11,158 | ▼ 31.8% |
| Tangible fixed assets22/27 | €41,875 | €32,281 | €23,154 | €15,291 | €10,090 | ▼ 34.0% |
| Furniture and vehicles24 | €41,875 | €27,031 | €17,904 | €10,041 | €4,840 | ▼ 51.8% |
| Other tangible fixed assets26 | - | €5,250 | €5,250 | €5,250 | €5,250 | = |
| Financial fixed assets28 | €1,068 | €1,068 | €1,068 | €1,068 | €1,068 | = |
| Current assets29/58 | €245,734 | €244,614 | €230,179 | €158,142 | €102,097 | ▼ 35.4% |
| Amounts receivable within one year40/41 | €158,834 | €180,719 | €73,595 | €92,393 | €42,468 | ▼ 54.0% |
| Trade receivables40 | €108,831 | €121,418 | €38,260 | €32,627 | €39,266 | ▲ 20.3% |
| Other amounts receivable41 | €50,004 | €59,301 | €35,335 | €59,766 | €3,202 | ▼ 94.6% |
| Cash at bank and in hand54/58 | €85,531 | €62,271 | €156,511 | €65,149 | €57,785 | ▼ 11.3% |
| Deferred charges and accrued income490/1 | €1,369 | €1,624 | €74 | €599 | €1,845 | ▲ 208% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €288,677 | €277,962 | €254,401 | €174,500 | €113,255 | ▼ 35.1% |
| Equity10/15 | €167,979 | €171,024 | €218,994 | €155,239 | €96,636 | ▼ 37.7% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €157,804 | €157,804 | €205,704 | €205,704 | €173,780 | ▼ 15.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €155,944 | €155,944 | €203,844 | €203,844 | €171,920 | ▼ 15.7% |
| Profit (loss) carried forward14 | €175 | €3,220 | €3,290 | -€60,465 | -€87,144 | ▼ 44.1% |
| Amounts payable17/49 | €120,698 | €106,938 | €35,407 | €19,261 | €16,619 | ▼ 13.7% |
| Amounts payable after more than one year17 | €18,997 | €11,271 | €4,173 | - | - | - |
| Financial debts170/4 | €18,997 | €11,271 | €4,173 | - | - | - |
| Amounts payable within one year42/48 | €101,701 | €95,667 | €31,234 | €19,261 | €16,619 | ▼ 13.7% |
| Current portion of amounts payable after more than one year42 | €9,723 | €7,726 | €7,098 | €4,173 | - | - |
| Trade debts44 | €71,619 | €75,267 | €13,684 | €12,707 | €10,765 | ▼ 15.3% |
| Suppliers440/4 | €71,619 | €75,267 | €13,684 | €12,707 | €10,765 | ▼ 15.3% |
| Advances received on contracts in progress46 | - | €2,099 | - | - | - | - |
| Taxes, remuneration and social security45 | €20,077 | €10,575 | €10,452 | €1,929 | €5,854 | ▲ 203% |
| Taxes450/3 | €20,077 | €10,575 | €10,452 | €1,929 | €5,854 | ▲ 203% |
| Other amounts payable47/48 | €282 | - | - | €453 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,051 | €3,045 | €47,970 | -€63,755 | -€26,679 | ▲ 58.2% |
| + Depreciation and write-downs630 | €15,596 | €14,845 | €11,917 | €12,221 | €7,514 | ▼ 38.5% |
| Operating cash flow (approximation) | €23,647 | €17,890 | €59,887 | -€51,534 | -€19,165 | ▲ 62.8% |
| Investment in fixed assets (approximation) | - | -€5,250 | -€2,790 | -€4,358 | -€2,313 | ▲ 46.9% |
| Change in cash | - | -€23,260 | €94,240 | -€91,362 | -€7,365 | ▲ 91.9% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet -€63,755
Net result drops to -€63,755, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 7.37
Current ratio from 2.56 to 7.37; short-term debt falls from €95,667 to €31,234.
31-12
Financial
Equity above €200,000Eq €218,994 ▲28%
6 profitable years in a row build equity to €218,994.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €150,000Eq €159,928 ▲46%
3 profitable years in a row build equity to €159,928.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 4.65
Current ratio from 2.02 to 4.65; short-term debt falls from €95,484 to €39,164.
Show earlier events
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Rixensart · 1 establishment unit since 2004
Ground area
697 m²
Building footprint
145 m²
Parcel 25091A0353/00F003, Wallonia. Linked by address, not a title deed.
1 establishment unit
AFTERHOURS
since 20042.137.671.944
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091A0353/00F003 | Wallonia | 697 m² | 1 · 145 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900JISD6G2HB11V31
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Of 1,289 companies in sector 58290 we hold annual accounts for 594. 472 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
Founded01-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
Contact
E-mail
didier.jungers@afterhours.beRixensart
Phone
071/87 87 69Rixensart
Fax
071/85 16 66Rixensart
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865542282
Also
9925:BE0865542282
Registered
22-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.