AUDAFORVAT
ActiveSummary
AUDAFORVAT has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €670,131 and a net result of €56,501. Equity has been growing by about 16% per year since 2018. Its solvency ranks better than 76% of 10,818 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-01-2018 Normal situation
- Activity
- Business and other management consultancy NACE 70200
- Establishment unit
- 2.271.584.107 4052 Chaudfontaine, since 16-01-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 13-11-2025
Board and ownership
- ROYER Michaël Marie Raymond Joseph GhislainDirector · since 08-01-2018
- Holdings
- Shares in 3 companies including IN THE BOX and PRESBYTERIUM
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €73,072
- ▲ 14.5%
- Turnover
- ≈ €140,000
- estimated
- Profit
- €56,501
- ▲ 0.4%
- Equity
- €670,131
- =
- Total assets
- €840,423
- ▼ 3.5%
- 2025 accounts filed 27 days after the deadline
Score breakdownlowers riskSize: total assets €840,423Sector: Activities of head offices; management consultancy activities (NACE 70)Figures for financial year 2025 (filed on 28-08-2026)Equity €670,131 (79.7% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 36% on liquidity, 43% on profitability and 41% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00437218.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 8 filings
Every figure per financial year
The operating result for 2025 is 26% higher than in 2024. It is a recovery after the fall in 2024.
- 2023 Net result -73% on 2022. The accounts now follow the full format, last year the micro format.
The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €13,750 | - | - | - | - |
| Carrying value of the mortgaged assets | €390,168 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,711 | €4,044 | €719 | €6,774 | - |
| Financial fixed assets | - | €2,500 | - | €1,500 | - |
| Depreciation and write-downs of the year | €4,831 | €4,407 | €4,244 | €3,795 | €2,891 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,950 | €3,429 | €4,112 | €4,831 | €4,407 | €4,244 | €3,795 | €2,891 | ▼ 23.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €10,000 | -€10,000 | - | - |
| Other operating charges640/8 | - | - | - | €2,339 | €1,635 | €1,302 | €16,067 | €2,343 | ▼ 85.4% |
| Gross operating margin9900 | €123,469 | €111,204 | €144,504 | €369,592 | €541,517 | €121,821 | €63,826 | €73,072 | ▲ 14.5% |
| Operating profit (loss)9901 | €121,467 | €106,033 | €138,988 | €362,422 | €535,474 | €106,274 | €53,963 | €67,838 | ▲ 25.7% |
| Financial income75/76B | - | - | - | €727 | €1,163 | €30,697 | €25,352 | €11,955 | ▼ 52.8% |
| Recurring financial income75 | €12 | €14 | €3,319 | €727 | €1,163 | €30,697 | €25,352 | €11,955 | ▼ 52.8% |
| Financial charges65/66B | - | - | - | €15,555 | €11,428 | €8,299 | €4,694 | €4,495 | ▼ 4.3% |
| Recurring financial charges65 | €682 | €1,422 | €15,663 | €15,555 | €11,428 | €8,299 | €4,694 | €4,495 | ▼ 4.3% |
| Profit (loss) for the period before taxes9903 | €120,797 | €104,625 | €126,644 | €347,594 | €525,209 | €128,673 | €74,621 | €75,299 | ▲ 0.9% |
| Income taxes67/77 | €37,227 | €31,499 | €36,926 | €110,260 | €158,481 | €30,640 | €18,331 | €18,798 | ▲ 2.5% |
| Profit (loss) for the period9904 | €83,570 | €73,125 | €89,718 | €237,334 | €366,728 | €98,033 | €56,289 | €56,501 | ▲ 0.4% |
| Profit (loss) for the period to be appropriated9905 | €83,570 | €73,125 | €89,718 | €237,334 | €366,728 | €98,033 | €56,289 | €56,501 | ▲ 0.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.4m | €0.9m | €1.1m | €0.8m | €1.1m | €1.1m | €0.9m | €0.8m | ▼ 3.5% |
| Fixed assets21/28 | €0.008m | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 14.2% |
| Tangible fixed assets22/27 | €0.008m | €0.01m | €0.02m | €0.02m | €0.02m | €0.01m | €0.02m | €0.01m | ▼ 17.7% |
| Plant, machinery and equipment23 | - | - | - | €0.009m | €0.007m | €0.005m | €0.01m | €0.008m | ▼ 20.6% |
| Furniture and vehicles24 | - | - | - | €0.008m | €0.01m | €0.008m | €0.007m | €0.006m | ▼ 13.5% |
| Financial fixed assets28 | - | - | €39 | €39 | €0.003m | €0.003m | €0.004m | €0.004m | = |
| Current assets29/58 | €0.4m | €0.9m | €1.1m | €0.8m | €1.1m | €1.1m | €0.9m | €0.8m | ▼ 3.2% |
| Stocks and contracts in progress3 | €0.3m | €0.7m | €1.0m | €0.4m | - | - | - | - | - |
| Stocks30/36 | - | - | - | €0.4m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.02m | €0.05m | €0.08m | €0.1m | €0.05m | €0.03m | €0.1m | €0.2m | ▲ 82.8% |
| Trade receivables40 | - | - | - | €0.09m | €0.01m | €0.02m | €0.03m | €0.05m | ▲ 49.1% |
| Other amounts receivable41 | - | - | - | €0.007m | €0.04m | €0.005m | €0.09m | €0.2m | ▲ 93.9% |
| Current investments50/53 | - | - | - | - | - | €1.1m | €0.7m | €0.6m | ▼ 23.9% |
| Cash at bank and in hand54/58 | €0.1m | €0.2m | €0.08m | €0.3m | €1.1m | €0.03m | €0.001m | €0.05m | ▲ 40× |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €15 | €73 | €0.002m | €0.002m | ▼ 3.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.4m | €0.9m | €1.1m | €0.8m | €1.1m | €1.1m | €0.9m | €0.8m | ▼ 3.5% |
| Equity10/15 | €0.1m | €0.2m | €0.3m | €0.5m | €0.8m | €0.8m | €0.7m | €0.7m | = |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.08m | €0.2m | €0.2m | €0.5m | €0.8m | €0.8m | €0.6m | €0.6m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.5m | €0.8m | €0.8m | €0.6m | €0.6m | = |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0.06m | €0.06m | ▲ 0.4% |
| Amounts payable17/49 | €0.3m | €0.7m | €0.9m | €0.3m | €0.3m | €0.4m | €0.2m | €0.2m | ▼ 15.3% |
| Amounts payable after more than one year17 | €0.3m | €0.5m | €0.5m | €0.002m | - | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €0.002m | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.05m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 14.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.1m | €0.008m | €0.008m | €0.008m | ▼ 0.5% |
| Trade debts44 | €0.01m | €0.03m | €0.04m | €0.06m | €0.04m | €0.03m | €0.03m | €0.02m | ▼ 27.4% |
| Suppliers440/4 | - | - | - | €0.06m | €0.04m | €0.03m | €0.03m | €0.02m | ▼ 27.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.07m | €0.007m | €0.005m | €0.01m | ▲ 188% |
| Taxes450/3 | - | - | - | €0.2m | €0.07m | €0.007m | €0.005m | €0.01m | ▲ 188% |
| Other amounts payable47/48 | - | - | - | €0.008m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 19.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.2m | €0.002m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.08m | €0.07m | €0.09m | €0.2m | €0.4m | €0.1m | €0.06m | €0.06m | ▲ 0.4% |
| + Depreciation and write-downs630 | €0.002m | €0.003m | €0.004m | €0.005m | €0.004m | €0.004m | €0.004m | €0.003m | ▼ 23.8% |
| Operating cash flow (approximation) | €0.09m | €0.08m | €0.09m | €0.2m | €0.4m | €0.1m | €0.06m | €0.06m | ▼ 1.2% |
| Investment in fixed assets (approximation) | - | -€0.007m | -€0.01m | -€0.005m | -€0.007m | -€0.001m | -€0.008m | €0 | - |
| Change in cash | - | €0.02m | -€0.07m | €0.2m | €0.8m | -€1.0m | -€0.03m | €0.04m | - |
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, 6,782 companies had the same profile as AUDAFORVAT has now. Two years later, 96.7% were still going and 0.6% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of AUDAFORVAT itself: < 0.1% 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 6,782 companies, not a prediction for AUDAFORVAT. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-08-2026 | 2026-00437218 | |
| 31-12-2024 | full format | 27-08-2025 | 2025-00413416 | |
| 31-12-2023 | full format | 29-08-2024 | 2024-00397214 | |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00153916 | |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20157121 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-54600310 | |
| 31-12-2019 | micro format | 19-06-2020 | 2020-18400204 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-41500230 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 26-04-2023 Converted to unavailable equity · €18,600
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ROYER Michaël Marie Raymond Joseph Ghislain |
|
Network & group
Holdings and subsidiaries
3 holdingsHoldings 3
Source for every holding own accounts 2024
-
50%
- Equity -€35,063 Loss of €32,556 in 2025 (loss of €3,507 in 2024) Checked score 5450%
- Equity €194,396 Loss of €244,284 in 2025 (loss of €205,529 in 2024) Checked score 555 shares
Board mandates elsewhere
1 board mandateCompanies at the same address
1 other companyConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
26-04
Gazette deed
1 director resigning, 1 reappointedResignation: ROYER Michaël Marie Raymond Joseph Ghislain (manager) · Reappointment: ROYER Michaël Marie Raymond Joseph Ghislain (administrateurnonstatutaire) · Permanent representative: ROYER Michaël Marie Raymond Joseph Ghislain14 points ▸
- Director resignation, ROYER Michaël Marie Raymond Joseph Ghislain (manager)
- Director reappointment, ROYER Michaël Marie Raymond Joseph Ghislain (administrateurnonstatutaire)
- Permanent representative, ROYER Michaël Marie Raymond Joseph Ghislain (représentantpermanent)
- Registered office clause, “4052 Beaufays, rue de Tilff 24, Septième résolution” (deed in French)
- Power of attorney
- Other provision, “votes-résultat, pourextraitanalytiqueconformedélivréauxfinsd'insertionauxannexesduMoniteurbelge,avecenannexel'expéditiondel'Acte du20avril2023,lacoordinationdes…” (deed in French)
- General meeting, 20-04-2023
- Other provision, “conservation forme SRL, adapter statuts au CSA et conserver forme société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “suppression compte capitaux propres statutairement indisponible, suppression et mise à disposition pour distribution” (deed in French)
- Other provision, “distribution dividendes intercalaires, permettre à l'organe d'administration de procéder à des distributions” (deed in French)
- Purpose change
- The act holds 2 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
17 activities
- La fourniture de services au sens large aux entreprises, indépendants et aux organisations gouvernementales ainsi qu’aux particuliers en matière d’organisation, de gestion et de développement de leurs activités (tous services administratifs, informatiques, financiers, de gestion / management au sens le plus large) ;
- La réalisation de tous les actes de gestion, d'assistance d’entreprises industrielles et/ou commerciales, aussi bien par une participation directe à la gestion que par le biais d’un accord de gestion, sans que cette liste soit restrictive ;
- L’étude, la création, l’acquisition, la vente, la mise en valeur, l’exploitation, la direction, la gérance, la régie, l’organisation, le financement, le contrôle de toutes affaires ou entreprises industrielles, commerciales, financières, mobilières et immobilières ;
- La réalisation de placements mobiliers ;
- L’action en tant que holding. En particulier, elle pourra détenir/acquérir des participations sous n'importe quelle forme dans des sociétés existantes ou à constituer. Afin de valoriser ses parts, elle pourra notamment participer à la gestion et surveillance des entreprises sousjacentes via la fourniture de prestations/conseils/soutiens techniques, administratifs ou encore financiers ;
- L’action en tant qu'intermédiaire dans le commerce.
- La gestion et promotion de biens immobiliers sous toutes ses formes. En conséquence, la société pourra acheter, vendre, mettre en valeur, donner en location ou prendre en location, gérer, administrer, entretenir, améliorer, construire et reconstruire tout immeuble ou partie d’immeuble le cas échéant en qualité de marchand de biens.
- L’étude de tous travaux de construction, la conception et la construction de tous bâtiments et édifices, l’étude de décorations tant intérieures qu’extérieures ;
- Toutes opérations se rapportant directement ou indirectement à l’entretien, la rénovation, les travaux de réparations, d’embellissements, de renouvellement et de modernisation, et la maintenance de tous les types d’ouvrages, de biens immeubles, et plus généralement toutes opérations se rapportant directement ou indirectement au secteur du bâtiment.
- L’achat, la vente, l’import et l’export, la promotion, la représentation, la fabrication, le commerce (notamment en qualité d’intermédiaire), en gros ou en détail, de toutes boissons généralement quelconques, vins, alcools et spiritueux ainsi que de tous les articles généralement quelconques en relation avec le vin (articles viticoles), les spiritueux ;
- Les activités de commerçant et/ou de courtier, intermédiaire en objets et œuvres d’art ;
- Construire un immeuble, acquérir la pleine propriété ou des droits réels pour y exercer ses activités, y établir siège principal ou administratif, ou y loger dirigeants et membres de leur famille.
- S’intéresser par apport,fusion,scission,souscription ou toute autre manière dans sociétés,associations,entreprises existantes ou à créer en Belgique ou à l’étranger à objet analogue ou connexe ou facilitant développement objet, sans préjudice restrictions légales,déontologiques ou réglementaires.
- Se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société liée ou non.
- Accomplir toutes opérations commerciales,industrielles,financières,mobilières ou immobilières se rapportant directement ou indirectement à son objet ou facilitant directement ou indirectement entièrement ou partiellement sa réalisation.
- Etre administrateur ou liquidateur.
- Subordonner prestation d'actes soumis à conditions préalables d’accès à la profession à la réalisation de ces conditions.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62012A0006/00X007 | Wallonia | 3,070 m² | 1 · 186 m² | 9.2 m · 2 |