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 59 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
A&F VASTGOED from Sint-Niklaas, company number BE0541785184, closed financial year 2025 with a result of € -38,312 after tax. For that financial year A&F VASTGOED recorded a gross margin of € 162,071 and equity of € -236,510. Compared with financial year 2024, the result moved from € 15,180 to € -38,312. The company made a loss. 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 19, 2026.
€ -236,510
▼ € 38,312 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -38,312
▼ still € 15,180 profit in 2024
Profit after tax over the fiscal year.
€ 60,982
▲ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -255,110.
Debts at end 2025
€ 668,238
▼ 37% vs 2024
€ 38,706 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 1,247
▼ 79% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 53,825
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 128,699 | € 111,794 | € 202,264 | € 162,071 | ▼ 20% |
| Profit after taxes | € -38,900 | € -60,194 | € 15,180 | € -38,312 | ▼ € 53,492 |
| Equity | € -153,184 | € -213,378 | € -198,198 | € -236,510 | ▼ € 38,312 |
| Total debts | € 991,170 | € 872,416 | € 1,079,092 | € 732,344 | ▼ 32% |
| Cash | € 41,006 | € 17,418 | € 56,123 | € 60,982 | ▲ 9% |
| Land & buildings | € 719,399 | € 629,148 | € 822,314 | € 434,852 | ▼ 47% |
| Retained profit | € -171,784 | € -231,978 | € -216,798 | € -255,110 | ▼ € 38,312 |
| Bank debt | € 949,620 | € 856,887 | € 1,053,653 | € 668,238 | ▼ 37% |
| Balance sheet total | € 837,985 | € 659,038 | € 880,894 | € 495,834 | ▼ 44% |
Key figures of A&F VASTGOED, 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 A&F VASTGOED?
What happened at A&F VASTGOED in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 38,312 (▼ € 53,492 vs 2024). filed late Source: NBB ↗
- New establishment in Sint-Niklaas. KBO
- Start of the company according to the CBE. KBO
In short
From € 38,900 loss in 2022 to € 38,312 loss in 2025.
Best year ever: 2024, with € 15,180 profit.
Management
The stake of DMS Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
A&F VASTGOEDBehind A&F VASTGOED is DMS Invest BV. The shares are held by DMS Invest (100%).
Directors
According to the 2025 annual accounts
Director · represented by Aleksandar Radenkovic
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gentse Baan 66
9100 Sint-Niklaas
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Janssen - Fritsen
€ 9.4 million revenue · 2025
Nutriad International
€ 10.5 million revenue · 2025
Xpertdoc
€ 1.9 million gross margin · 2025
MicroTechniX
€ 469,481 gross margin · 2025
VMEd' Oude Fruitveiling (deelvereniging), Gentse Baan 66 te 9100 Sint-Niklaas
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0541.785.184
- VAT number
- BE 0541.785.184
- Registered office
- Gentse Baan 66, 9100 Sint-Niklaas
- Names & denominations
- A&F VASTGOED
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 November 2013
- Peppol
- Active · Active since 25 Feb 2026
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