AWF
ActiveSummary
AWF has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€15,260) and a net result of -€11,533. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 15862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency2▲+2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.28; short-term debt: 87.9% and cash: 6.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-23.5%
Return on assets
-17.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€15,260
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 28-06-2025, 33 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
33 d early
2023
37 d late
2022
31 d late
2021
20 d late
2020
27 d late
2019
113 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€15,260▼ 309%
2023 · -€3,727
Total assets
€65,045▲ 3,533%
2023 · €1,790
Net result
-€11,533▼ 1,790%
2023 · -€610
Working capital
-€41,448▼ 937%
2023 · -€3,997
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1,766▲ 80.9%-€3,471▼ 96.6%€7,908-€610-€14,921▼ 2,346%
Net result-€2,898within the sector's middle half▲ 69.5%-€3,622below the sector's middle half▼ 25.0%€6,716within the sector's middle half-€610within the sector's middle half-€11,533below the sector's middle half▼ 1,790%
Equity-€6,211below the sector's middle half▼ 87.5%-€9,834below the sector's middle half▼ 58.3%-€3,117below the sector's middle half▲ 68.3%-€3,727below the sector's middle half▼ 19.6%-€15,260below the sector's middle half▼ 309%
Total assets€14,482below the sector's middle half▼ 35.9%€4,463below the sector's middle half▼ 69.2%€1,790below the sector's middle half▼ 59.9%€1,790below the sector's middle half=€65,045below the sector's middle half▲ 3,533%
Debt€20,694▼ 20.1%€14,297▼ 30.9%€4,908▼ 65.7%€5,518▲ 12.4%€80,305▲ 1,355%
Working capital-€2,459▼ 291%-€8,984▼ 265%-€3,387▲ 62.3%-€3,997▼ 18.0%-€41,448▼ 937%
Solvency-42.9%below the sector's middle half▼ 28.2pp-23.5%below the sector's middle half
Staff (FTE)0.7
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,921 in 2024 against €610 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
Assets €65,045
Fixed assets
€49,306
Current assets
€15,739
Key figures and ratios
EBITDA
-€6,772
Cash flow
-€3,383
Current ratio
0.28
Debt to equity
-5.26
ROA
-17.7%
Interest coverage
-3.26
Debt ≤ 1 year
€57,187▲
2023 · €5,518
Debt > 1 year
€23,118
Income taxes
€82
Staff costs
€2,616
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 6,035 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,554 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €2,616 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,446 | €3,777 | €108 | - | €8,150 | - |
| Other operating charges640/8 | - | €164 | €177 | - | €2,305 | - |
| Non-recurring operating charges66A | - | - | - | - | €6,952 | - |
| Gross operating margin9900 | €5,790 | €470 | €8,193 | -€610 | €5,101 | ▲ 936% |
| Operating profit (loss)9901 | -€1,766 | -€3,471 | €7,908 | -€610 | -€14,921 | ▼ 2,346% |
| Financial income75/76B | - | - | - | - | €5,546 | - |
| Recurring financial income75 | €611 | - | - | - | €5,546 | - |
| Financial charges65/66B | - | €151 | €43 | - | €2,076 | - |
| Recurring financial charges65 | €18 | €151 | €43 | - | €2,076 | - |
| Profit (loss) for the period before taxes9903 | -€1,173 | -€3,622 | €7,864 | -€610 | -€11,451 | ▼ 1,777% |
| Income taxes67/77 | €1,724 | - | €1,148 | - | €82 | - |
| Profit (loss) for the period9904 | -€2,898 | -€3,622 | €6,716 | -€610 | -€11,533 | ▼ 1,790% |
| Profit (loss) for the period to be appropriated9905 | -€2,898 | -€3,622 | €6,716 | -€610 | -€11,533 | ▼ 1,790% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,482 | €4,463 | €1,790 | €1,790 | €65,045 | ▲ 3,533% |
| Formation expenses20 | €540 | €378 | €270 | €270 | - | - |
| Fixed assets21/28 | €3,615 | - | - | - | €49,306 | - |
| Tangible fixed assets22/27 | €3,615 | - | - | - | €49,306 | - |
| Plant, machinery and equipment23 | - | - | - | - | €9,813 | - |
| Furniture and vehicles24 | - | - | - | - | €39,494 | - |
| Current assets29/58 | €10,327 | €4,085 | €1,520 | €1,520 | €15,739 | ▲ 935% |
| Amounts receivable within one year40/41 | €3,215 | €2,428 | €1,450 | €1,450 | €11,603 | ▲ 700% |
| Trade receivables40 | - | €1,450 | €1,450 | €1,450 | €9,085 | ▲ 527% |
| Other amounts receivable41 | - | €978 | - | - | €2,519 | - |
| Cash at bank and in hand54/58 | €5,994 | €611 | €70 | €70 | €4,136 | ▲ 5,787% |
| Deferred charges and accrued income490/1 | - | €1,045 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,482 | €4,463 | €1,790 | €1,790 | €65,045 | ▲ 3,533% |
| Equity10/15 | -€6,211 | -€9,834 | -€3,117 | -€3,727 | -€15,260 | ▼ 309% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€12,411 | -€16,034 | -€9,317 | -€9,927 | -€21,460 | ▼ 116% |
| Amounts payable17/49 | €20,694 | €14,297 | €4,908 | €5,518 | €80,305 | ▲ 1,355% |
| Amounts payable after more than one year17 | €7,626 | €901 | - | - | €23,118 | - |
| Financial debts170/4 | - | €901 | - | - | €23,118 | - |
| Amounts payable within one year42/48 | €12,786 | €13,068 | €4,908 | €5,518 | €57,187 | ▲ 936% |
| Current portion of amounts payable after more than one year42 | - | €6,725 | - | - | €5,536 | - |
| Trade debts44 | €1,532 | - | €360 | €360 | €8,024 | ▲ 2,130% |
| Suppliers440/4 | - | - | €360 | €360 | €8,024 | ▲ 2,130% |
| Advances received on contracts in progress46 | - | €83 | €83 | €83 | - | - |
| Taxes, remuneration and social security45 | - | €6,127 | €3,011 | €3,011 | €252 | ▼ 91.6% |
| Taxes450/3 | - | €4,287 | €1,148 | €1,148 | €81 | ▼ 92.9% |
| Remuneration and social security454/9 | - | €1,840 | €1,864 | €1,864 | €171 | ▼ 90.9% |
| Other amounts payable47/48 | - | €134 | €1,453 | €2,063 | €43,375 | ▲ 2,002% |
| Accrued charges and deferred income492/3 | - | €327 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,898 | -€3,622 | €6,716 | -€610 | -€11,533 | ▼ 1,790% |
| + Depreciation and write-downs630 | €7,446 | €3,777 | €108 | - | €8,150 | - |
| Operating cash flow (approximation) | €4,549 | €155 | €6,824 | -€610 | -€3,383 | ▼ 455% |
| Change in cash | - | -€5,383 | -€541 | €0 | €4,066 | - |
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
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€11,533
Net result drops to -€11,533, the lowest in the series.
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 37 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €6,716
Net result €6,716 after 3 loss-making years.
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
21-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 113 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Veurne · 1 establishment unit since 2024
Ground area
931 m²
Building footprint
168 m²
Volume, LiDAR
899 m³
Parcel 38005A0191/00Y000, Flanders · tallest building 18.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AWF
since 20242.353.667.485
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38005A0191/00Y000 | Flanders | 931 m² | 1 · 168 m² | 18.6 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVeurne2.353.667.485
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Anzegem
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,638 companies in sector 46170 we hold annual accounts for 669. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
47110Non-specialised retail sale with food, beverages or tobacco predominating
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700927047
Also
9925:BE0700927047
Registered
03-07-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.