Financials
- Fiscal year
- 2025
- Total assets
- €880,908
- Loss
- -€2.0m
- Solvency
- -58.1%
Total assets▼ 69.5%
Net result
20182025
Affligem Brouwerij
ActiveSummary
The computed 12-month bankruptcy probability of Affligem Brouwerij is 4.7% (elevated). The 2025 annual accounts show negative equity (-€511,372) and a net result of -€2.0m. Equity remains stable across the filed fiscal years (±1.3% per year). The company has been active since 1923 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Activity not known1 site
Size
€880,908total assets 2025
- Equity
- -€511,372
- Loss
- -€2.0m
Net result -9,458%: other schema
Structure
- Parent
- Alken-Maes · 99.55%
- Board
- 4 members
- Holdings
- 2
Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d’EntreprisesAccounts filed 60 d late
Why 35- Loss of €2.0m, the second in a row (FY 2025)- Liquiditeit niet neergelegd- 1 change of registered office in 24 months+ Size: total assets €880,908Show the evidence
Checked score
Score 2025
35
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 3% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
0-78
equity -58.1% of total assets
Liquidity
0-53
short-term debt 157.3%
Profitability
0-36
return on assets -230.4%
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%lowest value
12-2024: 0.2%● 0.0% vs 11-2024lowest value
01-2025: 0.2%● 0.0% vs 12-2024lowest value
02-2025: 0.2%● 0.0% vs 01-2025lowest value
03-2025: 0.2%● 0.0% vs 02-2025lowest value
04-2025: 0.2%● 0.0% vs 03-2025lowest value
05-2025: 0.2%● 0.0% vs 04-2025lowest value
06-2025: 0.2%▲ +4.3% vs 05-2025
07-2025: 0.4%▲ +47.8% vs 06-2025
08-2025: 0.2%▼ -32.0% vs 07-2025
09-2025: 0.2%● 0.0% vs 08-2025
10-2025: 0.2%● 0.0% vs 09-2025
11-2025: 0.2%● 0.0% vs 10-2025
12-2025: 0.2%● 0.0% vs 11-2025
01-2026: 0.2%● 0.0% vs 12-2025
02-2026: 0.2%● 0.0% vs 01-2026
03-2026: 0.7%▲ +175% vs 02-2026
04-2026: 0.7%▲ +3.6% vs 03-2026
05-2026: 0.8%▲ +13.3% vs 04-2026
06-2026: 0.9%▲ +12.1% vs 05-2026
07-2026: 0.9%▲ +3.5% vs 06-2026
08-2026: 1.4%▲ +52.8% vs 07-2026
09-2026: 1.9%▲ +32.4% vs 08-2026
10-2026: 4.7%▲ +151% vs 09-2026highest value
- Size: total assets €880,908 lowers the probability for this profile
- Loss of €2.0m, the second in a row (FY 2025) raises the probability
- Liquiditeit niet neergelegd raises the probability
- 1 change of registered office in 24 months raises the probability
No credit on open account
short-term debt: 157.3% of total assets, and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 5%, liquidity 1%, profitability 4%, growth against the median 2%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€511,372
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
60 d late
2024
7 d early
2023
14 d early
2022
5 d early
2021
4 d early
2020
19 d late
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 5 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Resignations: Valérie Laporte (director) and Gwendi…Appointments: Jose Federico Castillo Martinez…
- Appointments: Jose Castillo Martinez (director) and…Resignations: Gwendi Hernalsteen (director) and…
Key points
- Risk: Negative equityfiscal year 2025: debts exceed assets -€511,372 View
- Caution: Result fell in 2025different schema filed ▼ 9,458% View
- Board changedlatest change 22-07-2026 · 4 in office 3 joined · 2 left View
- Controlled by Alken-Maesknown shareholders 99.57% 99.55% View
- Caution: 2 loss-making years in a rowloss fiscal year 2025 -€2.0m View
- Active since 1923founded 29-01-1923 103 years View
By topic
Board & ownership
- Board
- 4 members
- Parent
- Alken-Maes · 99.55%
- Known shareholders
- 99.57%
- Auditor
- Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises
Go to Board & ownership
Network & group
- Group
- HEINEKEN NV
- Holdings
- 2
- Connected companies
- 7
- Mergers and contributions
- 1
2 holdings
Timeline
- Events
- 50
- Since
- 2003
- Next accounts
- by 31-07-2027
- 29-09-2026Annual accounts filed
- 21-09-2026Resignations: Valérie Laporte (director) and Gwendi Hernalsteen…
- 11-08-2026Appointments: Jose Castillo Martinez (director) and Dominique…
Company details
- Sites
- 1
- Legal form
- Public limited company
- Founded
- 29-01-1923
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 2
See the provisions in the deeds
Go to Articles of associationGo further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.