AFIX GROUP

Active

Public limited companyfounded 200422 yrs activeDurmelaan 20, 9880 Aalter, BelgiumKBO/BCE: BE 0863.700.866

Summary

AFIX GROUP has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-2.68M) and a net result of €-4.39M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

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Checked score

Score 2024

35 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability6▼-20

Solvency19▼-10

Growth42▲+4

Track record100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.01 against 1.94 in 2023; short-term debt: 69.9% and cash: 0.2% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

-6.3%

Return on assets

-10.3%

Age of the figures

21 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-2.68M

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 03-11-2025, 95 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

95 d late

2023

43 d late

2022

11 d early

2021

17 d early

2020

33 d early

2019

11 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€24.57M▲ 24.5%

2023 · €19.73M

2019: €16.20M 2020: €11.74M 2021: €15.07M 2022: €16.33M 2023: €19.73M

2019 → 2024

EBIT margin

-8.3%▼ 7.0pp

2023 · -1.3%

2019: 1.3% 2020: -7.7% 2021: -6.7% 2022: -12.7% 2023: -1.3%

2019 → 2024

Net result

€-4.39M▼ 535%

2023 · €-692k

2018: €300k 2019: €-401k 2020: €-1.59M 2021: €-2.23M 2022: €-3.89M 2023: €-692k

2018 → 2024

Working capital

€324k▼ 97.7%

2023 · €14.11M

2018: €2.77M 2019: €3.89M 2020: €1.99M 2021: €7.30M 2022: €9.40M 2023: €14.11M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€11.74M-€15.07M▲ 28.4%€16.33M▲ 8.3%€19.73M▲ 20.9%€24.57M▲ 24.5%

Equity€1.03M-€-1.20M€2.41M€1.72M▼ 28.7%€-2.68M

Operating result€-898k-€-1.01M▼ 12.8%€-2.07M▼ 104%€-251k▲ 87.8%€-2.04M▼ 711%

Net result€-1.59M-€-2.23M▼ 39.5%€-3.89M▼ 74.8%€-692k▲ 82.2%€-4.39M▼ 535%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €2.04M in 2024 against €251k in 2023; the loss grows.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €42.70M

29.4%

70.6%

Fixed assets €12.54M ▼ 16.1%

Current assets €30.15M ▲ 3.7%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-877k▼

2023 · €924k

Cash flow

€-3.23M▼

2023 · €483k

Solvency

-6.3%▼

2023 · 3.9%

Current ratio

1.01▼

2023 · 1.94

Quick ratio

0.94▼

2023 · 1.81

Debt to equity

-16.95▼

2023 · 24.64

ROA

-10.3%▼

2023 · -1.6%

Interest coverage

-0.32▼

2023 · 0.40

Debt

€45.37M▲

2023 · €42.31M

Debt ≤ 1 year

€29.83M▲

2023 · €14.97M

Debt > 1 year

€15.41M▼

2023 · €27.08M

Income taxes

€2k

Staff costs

€1.24M▲

2023 · €1.20M

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 · 92 lines

Balance sheet Code20232024

Assets

Total assets20/58€44.03M€42.70M▼

Fixed assets21/28€14.94M€12.54M▼

Intangible fixed assets21€939k€803k▼

Tangible fixed assets22/27€7.34M€6.85M▼

Land and buildings22€1.52M€1.47M▼

Plant, machinery and equipment23€5.80M€5.35M▼

Furniture and vehicles24€8k€30k▲

Leasing and similar rights25€3k-

Financial fixed assets28€6.67M€4.89M▼

Affiliated companies280/1€6.66M€4.86M▼

Participating interests280€2.86M€3.80M▲

Amounts receivable281€3.80M€1.06M▼

Companies linked by participating interests282/3€67€67=

Participating interests282€67€67=

Other financial fixed assets284/8€9k€27k▲

Shares284-€18k

Amounts receivable and cash guarantees285/8€9k€9k=

Current assets29/58€29.08M€30.15M▲

Amounts receivable after more than one year29€68k€23k▼

Trade receivables290€68k€23k▼

Stocks and contracts in progress3€2.05M€2.12M▲

Stocks30/36€2.05M€2.12M▲

Goods purchased for resale34€2.05M€2.12M▲

Amounts receivable within one year40/41€25.98M€27.88M▲

Trade receivables40€5.38M€5.03M▼

Other amounts receivable41€20.60M€22.85M▲

Cash at bank and in hand54/58€986k€70k▼

Deferred charges and accrued income490/1-€57k

Equity and liabilities

Total equity and liabilities10/49€44.03M€42.70M▼

Equity10/15€1.72M€-2.68M▼

Contributions10/11€8.51M€8.51M=

Capital10€8.51M€8.51M=

Issued capital100€8.51M€8.51M=

Reserves13€1.61M€1.61M=

Non-distributable reserves130/1€101k€101k=

Legal reserve130€101k€101k=

Distributable reserves133€1.50M€1.50M=

Profit (loss) carried forward14€-8.40M€-12.80M▼

Investment grants15€7k€7k=

Amounts payable17/49€42.31M€45.37M▲

Amounts payable after more than one year17€27.08M€15.41M▼

Financial debts170/4€27.04M€15.41M▼

Leasing and similar obligations172€3k-

Credit institutions173€3.94M-

Other loans174€23.10M€15.41M▼

Trade debts175€45k-

Suppliers1750€45k-

Amounts payable within one year42/48€14.97M€29.83M▲

Current portion of amounts payable after more than one year42€2.29M€4.62M▲

Financial debts43€6.23M€7.75M▲

Credit institutions430/8€6.23M€7.75M▲

Trade debts44€5.54M€8.64M▲

Suppliers440/4€5.54M€8.64M▲

Advances received on contracts in progress46€630k-

Taxes, remuneration and social security45€193k€511k▲

Taxes450/3€54k€333k▲

Remuneration and social security454/9€139k€178k▲

Other amounts payable47/48€94k€8.30M▲

Accrued charges and deferred income492/3€253k€132k▼

Income statement Code20232024

Operating income70/76A€21.57M€25.77M▲

Turnover70€19.73M€24.57M▲

Change in stocks of work in progress, finished goods and contracts in progress71€-1.20M-

Other operating income74€2.90M€1.03M▼

Non-recurring operating income76A€134k€169k▲

Operating charges60/66A€21.82M€27.80M▲

Goods for resale, raw materials and consumables60€17.62M€21.28M▲

Purchases600/8€17.38M€21.42M▲

Change in stocks: decrease (increase)609€238k€-137k▼

Services and other goods61€1.60M€3.60M▲

Remuneration, social security and pensions62€1.20M€1.24M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.18M€1.16M▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-131k

Other operating charges640/8€180k€581k▲

Non-recurring operating charges66A€41k€62k▲

Operating profit (loss)9901€-251k€-2.04M▼

Financial income75/76B€1.92M€510k▼

Recurring financial income75€397k€510k▲

Income from financial fixed assets750€290k€248k▼

Other financial income752/9€107k€263k▲

Non-recurring financial income76B€1.53M-

Financial charges65/66B€2.37M€2.87M▲

Recurring financial charges65€2.37M€2.87M▲

Debt charges650€2.30M€2.77M▲

Other financial charges652/9€67k€92k▲

Profit (loss) for the period before taxes9903€-692k€-4.39M▼

Income taxes67/77-€2k

Taxes670/3-€2k

Profit (loss) for the period9904€-692k€-4.39M▼

Profit (loss) for the period to be appropriated9905€-692k€-4.39M▼

Appropriation of the result

Profit (loss) to be appropriated9906€-8.40M€-12.80M▼

Profit (loss) brought forward from the previous period14P€-7.71M€-8.40M▼

Social balance

Average headcount (FTE)908712.411.9▼

The notes to these accounts (82 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 29Financial 2Gazette 17Filings 10

2026

03-08

State Gazette act Capital & shares · Statutes amendment

Capital increase · Share issue · Capital5 facts ▸

General meeting, 16-07-2026
Capital increase, €22.132.553,38
Share issue, aandelen zonder nominale waarde, 692
Capital, €30.640.153,38
Statutes amendment

2025

03-11

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 95 days late

2024

31-12

Financial Weakest financial yearnet €-4.39M

Net result drops to €-4.39M, the lowest in the series.

12-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 43 days late

2023

20-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Equity above €2MEq €2.41M

Equity rises from €-1.20M to €2.41M.

25-10

State Gazette act Capital & shares

Statutes amendment · Capital increase · Capital6 facts ▸

General meeting
Statutes amendment
Capital increase, €7.500.000
Capital, €8.507.600
Power of attorney, Raad van bestuur
Share categories

14-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

28-02

State Gazette act Appointment: Ernst & Young Bedrijfsrevisoren BV (statutory auditor)

Permanent representative: Paul Eelen3 facts ▸

General meeting, 04-02-2022
Auditor appointment, Ernst & Young Bedrijfsrevisoren BV (statutory auditor)
Permanent representative, Paul Eelen

2021

28-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

11-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 11 days late

2019

30-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 30 days late

Show earlier events

2018

25-09

State Gazette act Permanent representative: Gregory DE CLERCK

Power of attorney3 facts ▸

General meeting, 29-06-2018
Permanent representative, Gregory DE CLERCK
Power of attorney, Gregory DE CLERCK

25-09

State Gazette act Resignation: Vanpo (director)

Appointment: Steelco Invest (director) · Permanent representative: Gregory Jan Roger Marie De Clerck · Mandate compensation5 facts ▸

General meeting, 28-05-2018
Director resignation, Vanpo (director)
Director appointment, Steelco Invest (director)
Mandate compensation, Steelco Invest
Permanent representative, Gregory Jan Roger Marie De Clerck

24-09

State Gazette act Reappointment: BVBA Parmentier Guy (statutory auditor)

2 facts ▸

General meeting, 14-06-2018
Auditor reappointment, BVBA Parmentier Guy (statutory auditor)

03-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 3 days late

2017

03-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

11-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 11 days late

05-08

State Gazette act Reappointments: Fleurbaey & Partners (director) and Debucke & Partners (director)

Appointment: Sterre Invest (director)5 facts ▸

General meeting, 09-06-2016
Director reappointment, Fleurbaey & Partners (director)
Director reappointment, Debucke & Partners (director)
Director appointment, Sterre Invest (director)
Director reappointment, Fleurbaey & Partners (managing director)

2015

14-07

State Gazette act Reappointment: bv ovv bvba Parmentier Guy (statutory auditor)

2 facts ▸

General meeting, 11-06-2015
Auditor reappointment, bv ovv bvba Parmentier Guy (statutory auditor)

19-01

State Gazette act Capital & shares · Resignations & appointments

Approval · Capital increase · Share issue11 facts ▸

General meeting, 26-12-2014
Approval, verslag overeenkomstig artikel 560 van het Wetboek van vennootschappen
Capital increase, €51.311,12
Share issue, 14, 6000.00
Capital subscription
Bank account, ING BANK, BE89 3631 4278 8585
Capital increase, €32.688,88
Capital, €1.007.600
Statutes amendment
Power of attorney, FLAMAND & PARTNERS
Preemption waiver, alle aandeelhouders, elk individueel, verzaken aan de uitoefening van hun voorkeurrecht tot inschrijving op de nieuwe kapitaalaandelen

2014

03-09

State Gazette act Resignation: Marc Vanbrabant (director)

Appointment: VANPO (director) · Permanent representative: Marc Vanbrabant · Director discharge5 facts ▸

General meeting, 12-06-2014
Director resignation, Marc Vanbrabant (director)
Director discharge, Marc Vanbrabant
Director appointment, VANPO (director)
Permanent representative, Marc Vanbrabant

2013

01-03

State Gazette act Appointment: Parmentier Guy (commissaris revisor)

Mandate compensation3 facts ▸

General meeting, 06-12-2012
Auditor appointment, Parmentier Guy (commissaris revisor)
Mandate compensation, Parmentier Guy

2012

27-11

State Gazette act Statutes amendment

Business division contribution · Accounting effect · Power of attorney8 facts ▸

General meeting, 16-10-2012
Business division contribution, 1005000
Accounting effect, 01-02-2012
Statutes amendment
Statutes amendment
Power of attorney, FLAMAND & PARTNERS
Transition provision, Lopend boekjaar (aanvang 01/02/2012) vervroegd afgesloten op 31/12/2012
Condition precedent, Inbreng voorwaardelijk aan goedkeuring door algemene vergadering van de inbrenggenietende vennootschap

20-07

State Gazette act Miscellaneous

Business division contribution1 fact ▸

Business division contribution, INBRENG BEDRIJFSTAK

31-01

State Gazette act Statutes amendment

Name change · Power of attorney3 facts ▸

General meeting, 22-12-2011
Name change, AFIX GROUP
Power of attorney, FLAMAND & PARTNERS

2010

25-11

State Gazette act Resignation: Christiaan Fleurbaey (manager)

Appointments: FLEURBAEY & PARTNERS, DEBUCKE & PARTNER and Marc Frans Paul Michel Vanbrabant · Permanent representatives: Christiaan Fleurbaey and Jean Pierre Joseph Debucke · Legal-form conversion15 facts ▸

General meeting, 28-10-2010
Legal-form conversion, BVBA naar NV
Capital, €923.600
Net-asset statement, 31-07-2010
Director resignation, Christiaan Fleurbaey (manager)
Director discharge, Christiaan Fleurbaey
Director appointment, FLEURBAEY & PARTNERS (director)
Permanent representative, Christiaan Fleurbaey
Director appointment, DEBUCKE & PARTNER (director)
Permanent representative, Jean Pierre Joseph Debucke
Director appointment, Marc Frans Paul Michel Vanbrabant (director)
Director appointment, FLEURBAEY & PARTNERS (managing director)
+3 further facts in this act

99.2% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗

03-08

State Gazette act Registered office · Capital & shares

Registered-office move · Capital increase · Capital10 facts ▸

General meeting, 29-06-2010
Registered-office move, Durmelaan 20 te 9880 Aalter
Capital increase, €46.293,12
Capital increase, €23.146,56
Capital increase, €680.560,32
Capital, €923.600
Bank account, KBC, BE62 7380 1703 7161
Power of attorney, AFIX
Power of attorney, Thomas Dusselier
Statutes amendment

2004

05-03

State Gazette act Incorporation

Appointment: FLEURBAEY Christiaan Emiel Willem (manager) · Founding capital · Share allocation5 facts ▸

Incorporation, 19-02-2004
Founding capital, €18.600
Director appointment, FLEURBAEY Christiaan Emiel Willem (manager)
Share allocation, 60, 3100
Share allocation, 60, 3100

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

8 directors, last change in 2018

STEELCO INVEST

Director · since 28-05-2018 · Public limited company · perm. rep.: Gregory Jan Roger Marie De Clerck

Not recently confirmed

Debucke & Partners

Director · since 09-06-2016 · Legal entity

Not recently confirmed

Fleurbaey & Partners

Director · since 09-06-2016 · Legal entity

Not recently confirmed

Sterre Invest

Director · since 09-06-2016 · Legal entity

Not recently confirmed

VANPO

Director · since 01-01-2014 · Public limited company · perm. rep.: Marc Vanbrabant

Not recently confirmed

APPROFIT

Director · since 28-10-2010 · Private limited company (pre-2019) · perm. rep.: Jean Pierre Joseph Debucke

Not recently confirmed

2 other directors

FLEURBAEY & PARTNERS

Director · since 28-10-2010 · Private limited company · perm. rep.: Christiaan Fleurbaey

Not recently confirmed

Marc Frans Paul Michel Vanbrabant

Director · since 28-10-2010

Not recently confirmed

28-05-2018 STEELCO INVEST: Appointed as Director

14-12-2017 Vanpo: Resigned as Director

09-06-2016 Debucke & Partners: Mandate renewed as Director

09-06-2016 Fleurbaey & Partners: Mandate renewed as Director

09-06-2016 Sterre Invest: Appointed as Director

Full history in the Timeline (14 changes) →

Not every act has been read: a resignation may be missing here

1 act was read only in part. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Aalter · 1 establishment unit since 2004

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Durmelaan 209880 Aalter

Ground area

6,009 m²

Building footprint

1,351 m²

Volume, LiDAR

8,478 m³

Parcel 44001B0083/00H003, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

AFIX GROUP

Durmelaan 20, 9880 AalterNACE 7132002

since 20042.135.891.203

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44001B0083/00H003	Flanders	6,008 m²	1 · 1,351 m²	7.0 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor

Ernst et Young Reviseurs d'EntreprisesCurrent

Statutory auditor · represented by Paul Eelen

04-02-2022 → present

Show 3 earlier auditors

BV ovv BVBA Parmentier Guy Statutory auditor succeeded by Parmentier Guy BVBA in 2018	11-06-2015 → 14-06-2018
PARMENTIER GUY Commissaris revisor succeeded by BV ovv BVBA Parmentier Guy in 2015	06-12-2012 → 11-06-2015
Parmentier Guy BVBA Statutory auditor succeeded by Ernst et Young Reviseurs d'Entreprises in 2022	14-06-2018 → 04-02-2022

Articles of association

Purpose

Het uitbaten van een onderneming voor productie, import, kopen, verkopen en / of verhuringen van steigers en podia. Het optreden als tussenpersoon in de handel... Het verstrekken…

Full purpose

Het uitbaten van een onderneming voor productie, import, kopen, verkopen en / of verhuringen van steigers en podia. Het optreden als tussenpersoon in de handel... Het verstrekken van operationeel, financieel en intellectueel advies... Het verlenen van commercieel advies... Het verlenen van administratief, financieel en managementadvies... Het bestuur waarnemen van andere vennootschappen... Het beheren van bedrijfsruimtes en een onroerend patrimonium... Het beheren van een roerend patrimonium... Het verwerven van licenties, brevetten en octrooien...

according to the deed of 03-08-2026

Structure & network

Ownership & control

2 parent companies

Control over this companyparent company per the LEI register2

STEELCO INVEST

Gent · LEI lapsed

Domo Chemicals Holding

Gent · indirect

controls

AFIX GROUPBE 0863.700.866

Capital and shareholders

Shareholders according to the acts

After 3 capital increases act of 03-08-2010 ↗

FLEURBAEY & PARTNERS (BE 0430.507.180) 24 shares
VANBRABANT Marc 24 shares
DEBUCKE & PARTNER (BE 0819.199.147) 24 shares

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years

03-08-2026 Capital increase of 22,132,553.38 EUR · to 30,640,153.38 EUR · 692 new shares · in kind
25-10-2022 Capital increase of 7,500,000 EUR · to 8,507,600 EUR · in kind
19-01-2015 Capital increase of 51,311.12 EUR · to 974,911.12 EUR · 14 new shares
19-01-2015 Capital increase of 32,688.88 EUR · to 1,007,600 EUR · no new shares · from reserves
25-11-2010 Capital stated in the act · 923,600 EUR · 252 shares
03-08-2010 Capital increase of 46,293.12 EUR · to 219,893.12 EUR · 48 new shares
03-08-2010 Capital increase of 23,146.56 EUR · to 243,039.68 EUR · 24 new shares
03-08-2010 Capital increase of 680,560.32 EUR · to 923,600 EUR

Show 1 older capital entries

05-03-2004 Incorporation · 18,600 EUR · 120 shares

Recognitions · licences · registrations

Legal Entity Identifier

549300H0SPVRE4JJA370

live in the LEI register

Similar companies · same sector, comparable size

CONCRETECH INTERNATIONAL

Of 388 companies in sector 46630 we hold annual accounts for 276. 195 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded27-02-2004

Fiscal year end31-12

Activities, NACEBEL 2025

46630Wholesale trade

Sources

Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.