Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AF Company from Malle, company number BE0469300252, closed financial year 2025 with a result of € 1,256 after tax. For that financial year AF Company recorded a gross margin of € 31,882 and equity of € -257,484. Compared with financial year 2024, the result moved from € -11,328 to € 1,256. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ -257,484
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,256
▲ still € 11,328 loss in 2024
Profit after tax over the fiscal year.
€ 5,617
▲ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -263,892.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 23,506
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 10,158
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,305
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 277
▲ € 262 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 7,223 | € -21,659 | € -10,296 | € 31,882 | ▲ € 42,178 |
| Profit after taxes | € 813 | € -24,617 | € -11,328 | € 1,256 | ▲ € 12,583 |
| Equity | € -222,795 | € -247,412 | € -258,739 | € -257,484 | |
| Total debts | € 226,950 | € 249,993 | € 268,401 | € 409,833 | ▲ 53% |
| Cash | € 122 | € 1,211 | € 4,072 | € 5,617 | ▲ 38% |
| Retained profit | € -229,203 | € -253,820 | € -265,147 | € -263,892 | |
| Balance sheet total | € 4,155 | € 2,581 | € 9,661 | € 152,349 | ▲ € 142,688 |
Key figures of AF Company, 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 Company?
What happened at AF Company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,256. filed late Source: NBB ↗
- New establishment in Malle. KBO
- Start of the company according to the CBE. KBO
In short
From € 813 profit in 2022 to € 1,256 profit in 2025.
Paid € 16 in corporate taxes since 2022.
Best year ever: 2025, with € 1,256 profit.
Management
Behind AF Company is Frank Franciscus Garritsen.
Directors
According to the 2025 annual accounts
Frank Franciscus Garritsen
Director
Establishments
Establishment units
Physical locations of this company
Antwerpsesteenweg 260
2390 Malle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0469.300.252
- VAT number
- BE 0469.300.252
- Registered office
- Antwerpsesteenweg 260, 2390 Malle
- Names & denominations
- AF Company
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 January 2000
- Peppol
- Active · Active since 23 Oct 2024
- Activities · NACE
Cafés en bars
Detailhandel in huismeubilair
Detailhandel in huismeubilair in gespecialiseerde winkels
Overige gespecialiseerde ontwerpactiviteiten
Detailhandel in verlichtingsartikelen
Detailhandel in andere huishoudelijke artikelen, neg
Overige zakelijke dienstverlening, neg
Detailhandel in glas-, porselein- en aardewerk en in niet-elektrische huishoudelijke artikelen
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