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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
A-FORM INVEST from Maldegem, company number BE0822614339, closed financial year 2025 with a result of € -38,072 after tax. For that financial year A-FORM INVEST recorded a gross margin of € 15,118 and equity of € 59,589. Compared with financial year 2024, the result moved from € -31,524 to € -38,072. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 59,589
▼ 39% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -38,072
▼ 21 % more loss than in 2024
Profit after tax over the fiscal year.
€ 5,393
▼ 57% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 39,589.
Debts at end 2025
€ 260,000
Loans from banks and other lenders, long and short.
€ 10,739
▲ € 8,373 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,832
▲ 53% vs 2024
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 | € 103,135 | € 1,409 | € 14,503 | € 15,118 | ▲ 4% |
| Profit after taxes | € 46,789 | € -5,818 | € -31,524 | € -38,072 | ▼ € 6,548 |
| Equity | € 138,321 | € 130,903 | € 97,661 | € 59,589 | ▼ 39% |
| Total debts | € 1,459,622 | € 1,325,224 | € 1,472,484 | € 1,475,956 | |
| Cash | € 200,135 | € 132,956 | € 12,556 | € 5,393 | ▼ 57% |
| Land & buildings | € 1,100,105 | € 1,126,605 | € 1,556,605 | € 1,525,916 | ▼ 2% |
| Retained profit | € 118,321 | € 110,903 | € 77,661 | € 39,589 | ▼ 49% |
| Dividend | € 800 | € 1,600 | € 1,718 | € 0 | ▼ 100% |
| Bank debt | € 0 | € 0 | € 260,000 | € 260,000 | |
| Balance sheet total | € 1,597,944 | € 1,456,127 | € 1,570,145 | € 1,535,545 | ▼ 2% |
Key figures of A-FORM INVEST, 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-FORM INVEST?
What happened at A-FORM INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 38,072. Source: NBB ↗
- New establishment in Maldegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 46,789 profit in 2022 to € 38,072 loss in 2025.
Paid € 22,647 in corporate taxes since 2022.
Best year ever: 2022, with € 46,789 profit.
Paid out € 4,118 in dividends to the owners in total.
Management
Behind A-FORM INVEST is Luc Constandt . Luc Constandt is also behind Koninklijke Sportvereniging Cercle Brugge.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Koningin Astridlaan 13
9990 Maldegem
Industrielaan 4
9990 Maldegem
Active since 26 January 2010
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0822.614.339
- VAT number
- BE 0822.614.339
- Registered office
- Koningin Astridlaan 13, 9990 Maldegem
- Names & denominations
- A-FORM INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 January 2010
- Peppol
- Not registered