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AF CONSTRUCTION

Active
Private limited company·Algemene bouw van residentiële gebouwen· 3 yrs active
Rue Joseph Germay 25 ·4040 Herstal, Belgium
KBO/BCE: BE 0792.641.438
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Full dossier in preparation

Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age3 yrs
Staff (FTE)1.5
Real estate1 parcel · 5,980 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of AF CONSTRUCTION is 2.7% (moderate). The 2024 annual accounts show equity of €55k and a net result of €22k. Its solvency ranks better than 45% of 220 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Signals

1 signal · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 14 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 30-07-2025 1 d early 2025-00334625
31-12-2023 31-07-2024 17-07-2024 14 d early 2024-00259664

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
2.7% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€22k+66.2%
Working capital€53k+73.9%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 30-07-2025 with the NBB · fiscal year 2024 · volledig
€0€10k€20k€30kOperating result 2023: €17k€17kNet result 2023: €13k€13kOperating result 2024: €28k€28kNet result 2024: €22k€22k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 19.2% 24.8%
better than 45% of 220 sector peers
Net result €22k €12k
better than 60% of 220 sector peers
Equity €55k €55k
better than 50% of 220 sector peers
Gross operating margin €98k €43k
better than 62% of 193 sector peers
Staff costs €68k €107k
higher than 44% of 112 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€29k
+69.1% 23-24
Net profit
€22k
+66.2% 23-24
Cash flow
€23k
+68.9% 23-24
Total assets
€289k
+271.9% 23-24
Equity
€55k
+66.5% 23-24
Working capital
€53k
+73.9% 23-24
Employees (FTE)
2
+275.0% 23-24
Staff costs
€68k
+308.5% 23-24
Income taxes
€6k
+68.8% 23-24
Debt
€233k
+426.4% 23-24
Debt ≤ 1y
€233k
+426.4% 23-24
Current ratio
1.23
-27.4% 23-24
Quick ratio
1.23
-27.4% 23-24
Solvency
19.2%
-55.2% 23-24
Debt / equity
4.20
+216.1% 23-24
ROE
39.9%
-0.2% 23-24
ROA
7.7%
-55.3% 23-24
Interest coverage
117.57
-11.8% 23-24
Figures by fiscal year
Fiscal year2024
Depositvolledig
Revenue-
EBITDA€29k
Net profit€22k
Cash flow€23k
Staff costs€68k
Income taxes€6k
Dividends-
Total assets€289k
Equity€55k
Debt€233k
of which ≤ 1y€233k
of which > 1y-
Working capital€53k
Employees (FTE)1.5
Ratios (computed)
2024
Current ratio1.23
Quick ratio1.23
Working capital ratio18.4%
Solvency19.2%
Debt / equity4.20
Long-term debt ratio-
Interest coverage117.57
Gross margin-
Net margin-
ROA7.7%
ROE39.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€289k
Fixed assets 21/28€2k
Tangible fixed assets 22/27€2k
Financial fixed assets 28€500
Current assets 29/58€287k
Amounts receivable within one year 40/41€155k
Cash & bank 54/58€126k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€289k
Equity 10/15€55k
Contributions / capital 10/11€20k
Accumulated profits (losses) 14€35k
Amounts payable 17/49€233k
Amounts payable within one year 42/48€233k
Trade debts payable within one year 44€176k
Income statement
Gross operating margin 9900€98k
Operating result 9901€28k
Financial income 75€1
Financial charges 65€248
Result before taxes 9903€28k
Income taxes 67/77€6k
Net result for the period 9904€22k
Result to be appropriated 9905€22k
You are seeing the latest fiscal year only. 1 prior year (figures + ratios) is in a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
76 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
3 companies at this address See who is registered here

Establishment units

1 location
AF CONSTRUCTION
Rue Joseph Germay 25, 4040 HerstalAlgemene bouw van residentiële gebouwen
since 20222.337.981.496
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area5,980 m²
Buildings1
Building footprint388 m²
Volume (LiDAR)1,776 m³
Tallest building5.3 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62313E1122/00E003 Wallonia 5,980 m² 1 · 388 m² 5.2 m · 2 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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health76Profitability100Solvency29Growth78Stability94
75 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 76
Profitability 100
Solvency 29
Growth 78
Stability 94

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 5,390 of the 29,578 companies in this sector. 4,700 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Slopen43110Slopen43110Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Elektrotechnische installatiewerken, uitgezonderd aan gebouwen43212Elektrotechnische installatiewerken van nijverheidsinrichtingen43212Loodgieterswerk43221Sanitaire werkzaamheden43221Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299
Primary activity highlighted.
Names & trade names
Legal nameFR AF CONSTRUCTION
Registered office
Rue Joseph Germay 25
4040 Herstal, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.