ASFIRA
ActiveSummary
The computed 12-month bankruptcy probability of ASFIRA is 2.3% (moderate). The 2024 annual accounts show equity of €86k and a net result of €4k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 49% of 26043 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+22
Solvency56▼-6
Growth63=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.38 against 1.62 in 2023; short-term debt: 68.7% and cash: 16.1% of total assets), and 68.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
31.3%
Return on assets
1.5%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
119 d late
2023
139 d late
2022
182 d late
2021
100 d late
2020
264 d late
2019
55 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€742k▲ 15.6%
2022 · €642k
2022: €642k
2023: €742k▲ +15.6% vs 2022
2022 → 2023
EBIT margin
1.2%▼ 0.2pp
2022 · 1.4%
2022: 1.4%
2023: 1.2%▼ -15.4% vs 2022
2022 → 2023
Net result
€4k▲ 22.9%
2023 · €3k
2018: €17k
2019: €17k▲ +2.7% vs 2018
2020: €28k▲ +65.2% vs 2019highest in 7 years
2021: €11k▼ -59.5% vs 2020
2022: €4k▼ -68.7% vs 2021
2023: €3k▼ -6.7% vs 2022lowest in 7 years
2024: €4k▲ +22.9% vs 2023
2018 → 2024
Working capital
€72k▼ 8.2%
2023 · €78k
2018: €22klowest in 7 years
2019: €46k▲ +107% vs 2018
2020: €82k▲ +77.8% vs 2019
2021: €95k▲ +14.8% vs 2020highest in 7 years
2022: €88k▼ -6.7% vs 2021
2023: €78k▼ -11.5% vs 2022
2024: €72k▼ -8.2% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€642k€742k▲ 15.6%
2022: €642k
2023: €742k▲ +15.6% vs 2022
Equity€63k-€75k▲ 17.9%€78k▲ 4.8%€82k▲ 4.2%€86k▲ 5.0%
2020: €63klowest in 5 years
2021: €75k▲ +17.9% vs 2020
2022: €78k▲ +4.8% vs 2021
2023: €82k▲ +4.2% vs 2022
2024: €86k▲ +5.0% vs 2023highest in 5 years
Operating result€23k-€12k▼ 48.4%€9k▼ 23.1%€9k▼ 2.2%€10k▲ 13.9%
2020: €23khighest in 5 years
2021: €12k▼ -48.4% vs 2020
2022: €9k▼ -23.1% vs 2021
2023: €9k▼ -2.2% vs 2022lowest in 5 years
2024: €10k▲ +13.9% vs 2023
Net result€28k-€11k▼ 59.5%€4k▼ 68.7%€3k▼ 6.7%€4k▲ 22.9%
2020: €28khighest in 5 years
2021: €11k▼ -59.5% vs 2020
2022: €4k▼ -68.7% vs 2021
2023: €3k▼ -6.7% vs 2022lowest in 5 years
2024: €4k▲ +22.9% vs 2023
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 14% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €274k
Fixed assets
€14k ▼ 19.7%
Current assets
€260k ▲ 27.6%
Equity and liabilities €274k
Equity
€86k ▲ 5.0%
Debt
€188k ▲ 34.9%
Debt's share of the balance-sheet total rises from 63.1% to 68.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15k▲
2023 · €14k
Cash flow
€9k▲
2023 · €8k
Current ratio
1.38▼
2023 · 1.62
Quick ratio
0.46▲
2023 · 0.33
Debt to equity
2.20▲
2023 · 1.71
ROE
4.8%▲
2023 · 4.1%
ROA
1.5%▼
2023 · 1.5%
Interest coverage
19.34▲
2023 · 4.72
Debt ≤ 1 year
€188k▲
2023 · €126k
Income taxes
€5k▲
2023 · €3k
Staff costs
€73k▲
2023 · €59k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€221k€274k▲
Fixed assets21/28€17k€14k▼
Tangible fixed assets22/27€17k€14k▼
Furniture and vehicles24€17k€14k▼
Current assets29/58€204k€260k▲
Stocks and contracts in progress3€162k€173k▲
Stocks30/36€162k€173k▲
Amounts receivable within one year40/41€12k€43k▲
Trade receivables40€12k€26k▲
Other amounts receivable41-€17k
Cash at bank and in hand54/58€29k€44k▲
Equity and liabilities
Total equity and liabilities10/49€221k€274k▲
Equity10/15€82k€86k▲
Contributions10/11€6k€6k=
Capital10€6k-
Issued capital100€19k-
Uncalled capital101€12k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k-
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€74k€78k▲
Amounts payable17/49€140k€188k▲
Amounts payable within one year42/48€126k€188k▲
Trade debts44€79k€104k▲
Suppliers440/4€79k€104k▲
Taxes, remuneration and social security45€21k€58k▲
Taxes450/3€13k€51k▲
Remuneration and social security454/9€8k€8k▼
Other amounts payable47/48€25k€26k▲
Accrued charges and deferred income492/3€14k-
Income statement
Code20232024
Turnover70€742k-
Goods, raw materials, services and sundry goods60/61€665k-
Remuneration, social security and pensions62€59k€73k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€4k€10k▲
Gross operating margin9900€77k€98k▲
Operating profit (loss)9901€9k€10k▲
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€3k€778▼
Recurring financial charges65€3k€778▼
Profit (loss) for the period before taxes9903€6k€9k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€3k€4k▲
Profit (loss) for the period to be appropriated9905€3k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€74k€78k▲
Profit (loss) brought forward from the previous period14P€70k€74k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €642k | €742k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €574k | €665k | - | - |
| Remuneration, social security and pensions62 | €22k | €28k | €50k | €59k | €73k | ▲ 24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €163 | €163 | €3k | €5k | €5k | ▼ 0.8% |
| Other operating charges640/8 | €2k | €1k | €6k | €4k | €10k | ▲ 117% |
| Gross operating margin9900 | €47k | €41k | €68k | €77k | €98k | ▲ 27.2% |
| Operating profit (loss)9901 | €23k | €12k | €9k | €9k | €10k | ▲ 13.9% |
| Financial income75/76B | €15k | €5k | - | €2 | €0 | ▼ 86.0% |
| Recurring financial income75 | €15k | €5k | - | €2 | €0 | ▼ 86.0% |
| Non-recurring financial income76B | €15k | €5k | - | - | - | - |
| Financial charges65/66B | €4k | €2k | €2k | €3k | €778 | ▼ 73.5% |
| Recurring financial charges65 | €4k | €2k | €2k | €3k | €778 | ▼ 73.5% |
| Profit (loss) for the period before taxes9903 | €34k | €14k | €7k | €6k | €9k | ▲ 57.4% |
| Income taxes67/77 | €6k | €3k | €3k | €3k | €5k | ▲ 102% |
| Profit (loss) for the period9904 | €28k | €11k | €4k | €3k | €4k | ▲ 22.9% |
| Profit (loss) for the period to be appropriated9905 | €28k | €11k | €4k | €3k | €4k | ▲ 22.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €138k | €181k | €217k | €221k | €274k | ▲ 23.9% |
| Fixed assets21/28 | €368 | €204 | €23k | €17k | €14k | ▼ 19.7% |
| Tangible fixed assets22/27 | €368 | €204 | €23k | €17k | €14k | ▼ 19.7% |
| Plant, machinery and equipment23 | €368 | €204 | €41 | - | - | - |
| Furniture and vehicles24 | - | - | €22k | €17k | €14k | ▼ 19.7% |
| Current assets29/58 | €137k | €181k | €194k | €204k | €260k | ▲ 27.6% |
| Stocks and contracts in progress3 | €94k | €164k | €169k | €162k | €173k | ▲ 6.6% |
| Stocks30/36 | €94k | €164k | €169k | €162k | €173k | ▲ 6.6% |
| Amounts receivable within one year40/41 | €471 | - | €4k | €12k | €43k | ▲ 247% |
| Trade receivables40 | €471 | - | - | €12k | €26k | ▲ 110% |
| Other amounts receivable41 | - | - | €4k | - | €17k | - |
| Cash at bank and in hand54/58 | €43k | €17k | €8k | €29k | €44k | ▲ 50.5% |
| Deferred charges and accrued income490/1 | - | - | €14k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €138k | €181k | €217k | €221k | €274k | ▲ 23.9% |
| Equity10/15 | €63k | €75k | €78k | €82k | €86k | ▲ 5.0% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | €6k | €6k | €6k | - | - |
| Issued capital100 | €19k | €19k | €19k | €19k | - | - |
| Uncalled capital101 | €12k | €12k | €12k | €12k | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €55k | €67k | €70k | €74k | €78k | ▲ 5.6% |
| Amounts payable17/49 | €74k | €106k | €139k | €140k | €188k | ▲ 34.9% |
| Amounts payable within one year42/48 | €55k | €86k | €106k | €126k | €188k | ▲ 49.9% |
| Trade debts44 | €17k | €34k | €46k | €79k | €104k | ▲ 31.9% |
| Suppliers440/4 | €16k | €33k | €44k | €79k | €104k | ▲ 31.9% |
| Bills of exchange payable441 | €657 | €1k | €2k | - | - | - |
| Taxes, remuneration and social security45 | €19k | €31k | €39k | €21k | €58k | ▲ 173% |
| Taxes450/3 | €13k | €16k | €15k | €13k | €51k | ▲ 283% |
| Remuneration and social security454/9 | €5k | €15k | €24k | €8k | €8k | ▼ 6.1% |
| Other amounts payable47/48 | €19k | €21k | €21k | €25k | €26k | ▲ 1.7% |
| Accrued charges and deferred income492/3 | €19k | €20k | €32k | €14k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €11k | €4k | €3k | €4k | ▲ 22.9% |
| + Depreciation and write-downs630 | €163 | €163 | €3k | €5k | €5k | ▼ 0.8% |
| Operating cash flow (approximation) | €28k | €12k | €6k | €8k | €9k | ▲ 8.6% |
| Investment in fixed assets (approximation) | - | €0 | €-25k | €0 | €-2k | ▼ 15,577,900% |
| Change in cash | - | €-26k | €-9k | €21k | €15k | ▼ 30.8% |
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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 119 days late
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 139 days late
17-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 139 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 182 days late
2023
31-12
Financial
Weakest financial yearnet €3k ▼6.7%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
2022
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 100 days late
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 264 days late
2020
31-12
Financial
Highest result since 2018net €28k ▲65.2%
Net result €28k, the highest in the series.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 55 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Jette · 2 establishment units since 2018
Ground area
581 m²
Building footprint
342 m²
Volume, LiDAR
5,002 m³
2 parcels, Brussels · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
ASFIRA
since 20182.271.611.326
AL NOUR
since 20192.294.012.188
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21463D0289/00M005 | Brussels | 388 m² | 1 · 227 m² | 17.6 m · 5 fl. |
| 21572B0085/00B003 | Brussels | 192 m² | 1 · 115 m² | 18.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 siteSint-Joost-ten-Node2.294.012.188
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Of 6,502 companies in sector 47716 we hold annual accounts for 2,440. 1,909 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
Founded07-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.