Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of AMFORE is 3.2% (moderate). The 2025 annual accounts show negative equity (€-36k) and a net result of €-34k. Its solvency ranks better than 15% of 1406 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone3.2%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Annual accounts: weaker financial profile
+Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
3 signalsMore than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags
0 events
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-34k-95.7%
Working capital€-71k-237.9%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · micro
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -22.6% | 23.7% | |
| Net result | €-34k | €8k | |
| Equity | €-36k | €26k | |
| Gross operating margin | €80k | €36k | |
| Staff costs | €87k | €42k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-8k
-
far below sector median
€-34k
-95.7%
far below sector median
€-17k
-482.9%
far below sector median
€162k
-14.2%
-84% vs sector
€-36k
-1419.3%
far below sector median
€-71k
-237.9%
far below sector median
2
+23.1%
-48% vs sector
€87k
+61.0%
-12% vs sector
€195
+8.1%
-97% vs sector
€198k
+3.8%
-50% vs sector
€120k
+38.0%
-36% vs sector
€78k
-25.0%
-47% vs sector
0.41
-46.0%
-83% vs sector
0.10
-75.5%
-90% vs sector
-22.6%
-1670.8%
far below sector median
-5.43
+93.2%
far below sector median
93.4%
-87.1%
far above sector median
-21.1%
-128.1%
far below sector median
-0.87
-
far below sector median
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €-8k |
| Net profit | €-34k |
| Cash flow | €-17k |
| Staff costs | €87k |
| Income taxes | €195 |
| Dividends | - |
| Total assets | €162k |
| Equity | €-36k |
| Debt | €198k |
| of which ≤ 1y | €120k |
| of which > 1y | €78k |
| Working capital | €-71k |
| Employees (FTE) | 1.6 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.41 |
| Quick ratio | 0.10 |
| Working capital ratio | -43.9% |
| Solvency | -22.6% |
| Debt / equity | -5.43 |
| Long-term debt ratio | -2.13 |
| Interest coverage | -0.87 |
| Gross margin | - |
| Net margin | - |
| ROA | -21.1% |
| ROE | 93.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €162k |
| Fixed assets | 21/28 | €112k |
| Intangible fixed assets | 21 | €1k |
| Tangible fixed assets | 22/27 | €111k |
| Current assets | 29/58 | €49k |
| Stocks & contracts in progress | 3 | €38k |
| Amounts receivable within one year | 40/41 | €8k |
| Cash & bank | 54/58 | €398 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €162k |
| Equity | 10/15 | €-36k |
| Contributions / capital | 10/11 | €15k |
| Accumulated profits (losses) | 14 | €-51k |
| Amounts payable | 17/49 | €198k |
| Amounts payable after one year | 17 | €78k |
| Amounts payable within one year | 42/48 | €120k |
| Trade debts payable within one year | 44 | €21k |
| Income statement | ||
| Gross operating margin | 9900 | €80k |
| Operating result | 9901 | €-25k |
| Financial income | 75 | €80 |
| Financial charges | 65 | €9k |
| Result before taxes | 9903 | €-34k |
| Income taxes | 67/77 | €195 |
| Net result for the period | 9904 | €-34k |
| Result to be appropriated | 9905 | €-34k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed7
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Structure & network
Locations & real estate
Establishment units
1 locationAMFORE
since 20232.345.085.460
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area6,541 m²
Buildings1
Building footprint2,870 m²
Volume (LiDAR)13,006 m³
Tallest building6.4 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44362B0320/00P008 | Flanders | 6,541 m² | 1 · 2,870 m² | 6.4 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Analysis
Snowflake analysis
financial profile on 5 axes53
/ 100
Mixed profile: strong on profitability, weaker on health.
Health
7
Profitability
100
Solvency
33
Growth
32
Stability
94
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Credit advice
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Company registry (CBE)
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Primary activity highlighted.
Names & trade names
| Legal nameNL | AMFORE |
Registered office
Frederik Burvenichstraat 216
9050 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.