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AFYA

Active
Non-profit associationfounded 200421 yrs activeArduinkaai 18, 1000 Brussel, BelgiumKBO/BCE: BE 0870.832.841
Summary

AFYA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €70,085 and a net result of €48,726. The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2024
Axes
Profitability100
Solvency86
Growth-
Track record85
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.54; short-term debt: 39.4% and cash: 86.6% of total assets), and 39.5% 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 · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 21 years 0 30 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-04-2025, 92 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
92 d early
2005
94 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 93 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
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

AFYA was incorporated on 27 December 2004.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€70,085
Total assets
€115,790
Net result
€48,726
Working capital
€70,152

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Equity and liabilities €115,790
Equity €70,085
Debt €45,704
Debt finances 39.5% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€48,928
Cash flow
€48,726
Current ratio
2.54
Debt to equity
0.65
ROE
69.5%
ROA
42.1%
Interest coverage
240.14
Debt ≤ 1 year
€45,638
Staff costs
€57,041

Peer companies

Historical observation

Of the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 31,349 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 · 2024 · 34 lines
Balance sheet Code2024
Assets
Total assets20/58€115,790
Fixed assets21/28€0
Intangible fixed assets21€0
Current assets29/58€115,790
Amounts receivable within one year40/41€13,213
Trade receivables40€13,213
Cash at bank and in hand54/58€100,229
Deferred charges and accrued income490/1€2,348
Equity and liabilities
Total equity and liabilities10/49€115,790
Equity10/15€70,085
Profit (loss) carried forward14€70,085
Amounts payable17/49€45,704
Amounts payable within one year42/48€45,638
Trade debts44€34,298
Suppliers440/4€34,298
Taxes, remuneration and social security45€11,340
Taxes450/3€1,365
Remuneration and social security454/9€9,975
Accrued charges and deferred income492/3€66
Income statement Code2024
Remuneration, social security and pensions62€57,041
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0
Other operating charges640/8€0
Gross operating margin9900€105,969
Operating profit (loss)9901€48,928
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€204
Recurring financial charges65€204
Profit (loss) for the period before taxes9903€48,726
Profit (loss) for the period9904€48,726
Profit (loss) for the period to be appropriated9905€48,726
Appropriation of the result
Profit (loss) to be appropriated9906€70,085
Profit (loss) brought forward from the previous period14P€21,359
Social balance
Average headcount (FTE)90870.9

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€57,041
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0
Other operating charges640/8€0
Gross operating margin9900€105,969
Operating profit (loss)9901€48,928
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€204
Recurring financial charges65€204
Profit (loss) for the period before taxes9903€48,726
Profit (loss) for the period9904€48,726
Profit (loss) for the period to be appropriated9905€48,726
Line2024
Assets
Total assets20/58€115,790
Fixed assets21/28€0
Intangible fixed assets21€0
Current assets29/58€115,790
Amounts receivable within one year40/41€13,213
Trade receivables40€13,213
Cash at bank and in hand54/58€100,229
Deferred charges and accrued income490/1€2,348
Equity and liabilities
Total equity and liabilities10/49€115,790
Equity10/15€70,085
Profit (loss) carried forward14€70,085
Amounts payable17/49€45,704
Amounts payable within one year42/48€45,638
Trade debts44€34,298
Suppliers440/4€34,298
Taxes, remuneration and social security45€11,340
Taxes450/3€1,365
Remuneration and social security454/9€9,975
Accrued charges and deferred income492/3€66
Line2024
Profit (loss) for the period9904€48,726
+ Depreciation and write-downs630€0
Operating cash flow (approximation)€48,726

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

2025
30-04
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2006
28-04
NBB filing Annual accounts filed
fiscal year 2005 · abbreviated schema
NBB filing
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Brussel
approximate (street level) On OpenStreetMap
Ground area
131 m²
Building footprint
132 m²
Volume, LiDAR
1,544 m³
Parcel 21812N1318/00_000, Brussels · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21812N1318/00_000
ProtectedMonumentTraditioneel huisSource ↗
Brussels 131 m² 1 · 132 m² 15.1 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 11 entries · 530,740 EUR awarded · 517,616 EUR paid
Year Entries awardedpaid
2025 3 126,660 EUR128,160 EUR
2024 3 147,528 EUR132,905 EUR
2023 3 129,265 EUR150,581 EUR
2022 2 127,287 EUR105,970 EUR
Schemes

Identification & contact

Identification
Legal formNon-profit association
Founded27-12-2004
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0870832841
Registered 20-11-2020

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

Register as of 28 September 2026 · Peppol Directory

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