Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AF BELGIUM from Braine-l'Alleud, company number BE0420052857, closed financial year 2025 with a result of € -239,777 after tax. For that financial year AF BELGIUM recorded revenue of € 4.4 million and equity of € 998,458. Compared with financial year 2024, the result moved from € -112,678 to € -239,777. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 11, 2026.
€ 998,458
▼ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -239,777
▼ 113 % more loss than in 2024
Profit after tax over the fiscal year.
€ 25,741
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 626,618.
People and assets in 2025
21
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
€ 79,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 248,992
▼ 29% vs 2024
Of which on lease € 247,985.
Debts at end 2025
€ 326,256
▼ 5% vs 2024
€ 119,563 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.3 million
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 143 days on average.
€ 243,124
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,947,701 | € 4,840,828 | € 5,423,789 | € 4,412,718 | ▼ 19% |
| Profit after taxes | € 395,910 | € 134,911 | € -112,678 | € -239,777 | ▼ € 127,099 |
| Equity | € 1,216,003 | € 1,350,913 | € 1,238,235 | € 998,458 | ▼ 19% |
| Total debts | € 2,383,452 | € 2,329,995 | € 2,177,409 | € 2,810,919 | ▲ 29% |
| Cash | € 833,609 | € 32,509 | € 115,681 | € 25,741 | ▼ 78% |
| Retained profit | € 844,162 | € 979,073 | € 866,395 | € 626,618 | ▼ 28% |
| Dividend | € 350,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 107,567 | € 297,852 | € 342,226 | € 326,256 | ▼ 5% |
| Balance sheet total | € 3,616,321 | € 3,697,590 | € 3,437,537 | € 3,823,240 | ▲ 11% |
| Employees (FTE) | 17.8 | 18 | 20 | 21 | ▲ 1 |
Key figures of AF BELGIUM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to AF BELGIUM?
What happened at AF BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 239,777. Source: NBB ↗
- LOYERSCO Srl stepped down as director. NBB
- CHARLES DELNOY stepped down as director. NBB
- MOTEURS ET FRANCOIS SA stepped down as director. NBB
- SERGE BOUTRY stepped down as director. NBB
- LOYERSCO Srl became a director. NBB
- CHARLES DELNOY became a director. NBB
- MOTEURS ET FRANCOIS SA became a director. NBB
In short
From € 395,910 profit in 2022 to € 239,777 loss in 2025.
Paid € 209,750 in corporate taxes since 2022.
Best year ever: 2022, with € 395,910 profit.
Paid out € 350,000 in dividends to the owners in total.
Management
The stake of Moteurs et Francois comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AF BELGIUMThe shares are held by Moteurs et Francois (99%).
Directors
According to the 2025 annual accounts
Director · represented by HUGUES ROLIN
Also active at: Ateliers François, Moteurs et Francois, COMPRESSOR SPARE PARTS, TRADEWARE, A.C.R.J., DryEco, QbicAir
since 2020 · until 2026
CHARLES DELNOY
Director
Also active at: Moteurs et Francois, COMPRESSOR SPARE PARTS, DryEco, QbicAir
since 2020 · until 2026
since 2020 · until 2026
SERGE BOUTRY
Director
since 2020 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée de Tubize 485 box F
1420 Braine-l'Alleud
Chaussée de Tubize 485F
1420 Braine-l'Alleud
Active since 29 March 1999
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.052.857
- VAT number
- BE 0420.052.857
- Registered office
- Chaussée de Tubize 485 bus F, 1420 Braine-l'Alleud
- Names & denominations
- AF BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 1979
- Peppol
- Active · Active since 19 Sept 2025
- Activities · NACE
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