AFYA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 99% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €19,900 | €1,362 | - |
| Intangible fixed assets | - | - | €6,198 |
| Financial fixed assets | €1,200 | - | €500 |
| Depreciation and write-downs of the year | €8,142 | €6,674 | €2,178 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,754 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,142 | €6,674 | €2,178 | ▼ 67.4% |
| Other operating charges640/8 | €1,437 | €541 | €176 | ▼ 67.4% |
| Gross operating margin9900 | €4,791 | €12,651 | €2,435 | ▼ 80.7% |
| Operating profit (loss)9901 | -€4,788 | €5,436 | €81 | ▼ 98.5% |
| Financial income75/76B | €103 | €209 | €822 | ▲ 292% |
| Recurring financial income75 | €103 | €209 | €822 | ▲ 292% |
| Financial charges65/66B | €223 | €742 | €502 | ▼ 32.3% |
| Recurring financial charges65 | €223 | €742 | €502 | ▼ 32.3% |
| Profit (loss) for the period before taxes9903 | -€4,908 | €4,904 | €401 | ▼ 91.8% |
| Income taxes67/77 | €1,200 | €3,071 | €311 | ▼ 89.9% |
| Profit (loss) for the period9904 | -€6,108 | €1,833 | €91 | ▼ 95.1% |
| Profit (loss) for the period to be appropriated9905 | -€6,108 | €1,833 | €91 | ▼ 95.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €18,850 | €25,443 | €8,634 | ▼ 66.1% |
| Fixed assets21/28 | €12,958 | €7,646 | €7,979 | ▲ 4.3% |
| Intangible fixed assets21 | - | - | €5,422 | - |
| Tangible fixed assets22/27 | €11,758 | €6,446 | €857 | ▼ 86.7% |
| Furniture and vehicles24 | €11,758 | €6,446 | €857 | ▼ 86.7% |
| Financial fixed assets28 | €1,200 | €1,200 | €1,700 | ▲ 41.7% |
| Current assets29/58 | €5,891 | €17,796 | €655 | ▼ 96.3% |
| Amounts receivable within one year40/41 | €5,175 | €4,898 | €607 | ▼ 87.6% |
| Trade receivables40 | - | €2,580 | €0 | ▼ 100% |
| Other amounts receivable41 | €5,175 | €2,318 | €607 | ▼ 73.8% |
| Cash at bank and in hand54/58 | €334 | €12,461 | €49 | ▼ 99.6% |
| Deferred charges and accrued income490/1 | €383 | €437 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €18,850 | €25,443 | €8,634 | ▼ 66.1% |
| Equity10/15 | -€3,608 | -€1,775 | -€1,684 | ▲ 5.1% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€6,108 | -€4,275 | -€4,184 | ▲ 2.1% |
| Amounts payable17/49 | €22,458 | €27,217 | €10,319 | ▼ 62.1% |
| Amounts payable within one year42/48 | €22,458 | €27,217 | €10,319 | ▼ 62.1% |
| Trade debts44 | €2,167 | €2,313 | €3,658 | ▲ 58.1% |
| Suppliers440/4 | €2,167 | €2,313 | €3,658 | ▲ 58.1% |
| Taxes, remuneration and social security45 | €2,139 | €5,097 | €350 | ▼ 93.1% |
| Taxes450/3 | €2,139 | €5,097 | €350 | ▼ 93.1% |
| Other amounts payable47/48 | €18,152 | €19,807 | €6,310 | ▼ 68.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,108 | €1,833 | €91 | ▼ 95.1% |
| + Depreciation and write-downs630 | €8,142 | €6,674 | €2,178 | ▼ 67.4% |
| Operating cash flow (approximation) | €2,034 | €8,507 | €2,269 | ▼ 73.3% |
| Investment in fixed assets (approximation) | - | -€1,362 | -€2,510 | ▼ 84.3% |
| Change in cash | - | €12,127 | -€12,412 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 516 companies had the same profile as AFYA has now. Two years later, 91.9% were still going and 4.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
Another 1.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AFYA itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 516 companies, not a prediction for AFYA. 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.