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.
Financials
Financial year 2025
AFD EUPEN from Eupen, company number BE0848989926, closed financial year 2025 with a result of € -5.4 million after tax. For that financial year AFD EUPEN recorded revenue of € 13.2 million and equity of € 9 million. Compared with financial year 2024, the result moved from € -7.1 million to € -5.4 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 24, 2026.
€ 9 million
▲ € 12.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5.4 million
▲ 24 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2.6 million
▲ € 2.5 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -81.3 million.
People and assets in 2025
95.5
▲ 5.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 12.4 million
▼ 38% vs 2024
€ 130,000 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.
€ 103,023
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 58,195
▼ 21% vs 2024
€ 16,902 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 4.3 million
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 285 days on average.
€ 2.2 million
▼ 36% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,903,114 | € 15,710,760 | € 16,180,760 | € 13,219,316 | ▼ 18% |
| Profit after taxes | € -5,049,892 | € -8,445,497 | € -7,117,121 | € -5,375,620 | ▲ € 1.7 million |
| Equity | € 2,475,784 | € 4,043,933 | € -3,073,189 | € 9,047,205 | ▲ € 12.1 million |
| Total debts | € 13,162,626 | € 7,980,108 | € 12,688,753 | € 6,863,096 | ▼ 46% |
| Cash | € 1,187,912 | € 1,394,505 | € 143,959 | € 2,648,192 | ▲ € 2.5 million |
| Land & buildings | € 3,881 | - | - | - | |
| Retained profit | € -60,315,032 | € -68,760,530 | € -75,877,651 | € -81,253,271 | ▼ € 5.4 million |
| Bank debt | € 6,131,887 | € 87,770 | € 73,627 | € 58,195 | ▼ 21% |
| Balance sheet total | € 15,638,410 | € 12,024,041 | € 9,615,565 | € 15,910,301 | ▲ 65% |
| Employees (FTE) | 82.4 | 84.2 | 89.8 | 95.5 | ▲ 5.7 |
Key figures of AFD EUPEN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to AFD EUPEN?
What happened at AFD EUPEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Shiekh Faleh Saud A A AL-THANI stepped down as director. NBB
- Tariq A. Aziz AL-NAAMA stepped down as director. NBB
- Jassim Mohammed A A AL-ANSARI stepped down as director. NBB
- Andreas Ralph Dr BLEICHER stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 5.4 million. filed late Source: NBB ↗
- Thimothy Filiga CAHILL stepped down as director. NBB
- Shiekh Faleh Saud A A AL-THANI became a director. NBB
- Tariq A. Aziz AL-NAAMA became a director. NBB
In short
From € 5 million loss in 2022 to € 5.4 million loss in 2025.
Paid € 537,927 in corporate taxes since 2022.
A new publication or filing at AFD EUPEN? We notify you, reason included.
Follow AFD EUPENDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Thimothy Filiga CAHILL
Director
since 2021 · until 2025
Shiekh Faleh Saud A A AL-THANI
Director
since 2025 · until 2031
Tariq A. Aziz AL-NAAMA
Managing director
since 2025 · until 2031
Jassim Mohammed A A AL-ANSARI
Director
since 2025 · until 2031
Andreas Ralph Dr BLEICHER
Director
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Kehrweg 8
4700 Eupen
Kehrweg 14
4700 Eupen
Active since 1 July 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0848.989.926
- VAT number
- BE 0848.989.926
- Registered office
- Kehrweg 8, 4700 Eupen
- Names & denominations
- AFD EUPEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 September 2012
- Peppol
- Active · Active since 31 Aug 2023
- Activities · NACE
Activiteiten van voetbalclubs
Overige sportactiviteiten, neg
Exploitatie van sportaccommodaties