ACTIVE

AFS

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Financial year 2025 · Closed on 31/12/2025

Net result274,1 k €+3,6 %over 1 year

Revenue9 M €+9,0 %over 1 year

Equity10,8 M €+2,6 %over 1 year

Workforce36,9 ETP-8,9 %over 1 year

Identity

Source · BCE/KBO

AFS is a Cooperative society incorporated in 1968. Its registered office is in Antwerpen. It employs on average 36,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0406.383.082
Incorporation: 13/05/1968
Legal form: Cooperative society
Registered office: Elisabethlaan 156
2600 Antwerpen · FlandreSee on map
Contributed capital: 4 868 058,39 €
Latest accounts: 31/12/2025
Average workforce: 36,9 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	9 M €	+9.0%	8,3 M €	+8.3%	7,7 M €	+2.1%	7,5 M €	-0.5%	7,5 M €
EBITDA	625,6 k €	-0.2%	627,1 k €	+19.3%	525,6 k €	-25.1%	701,9 k €	-4.3%	733,5 k €
Operating result	363,4 k €	+9.0%	333,5 k €	+34.6%	247,8 k €	-38.3%	401,9 k €	-9.9%	446,1 k €
Net result	274,1 k €	+3.6%	264,6 k €	+36.4%	193,9 k €	-59.4%	478,2 k €	+60.5%	297,9 k €
Balance sheet
Equity	10,8 M €	+2.6%	10,5 M €	+2.6%	10,3 M €	+1.9%	10,1 M €	+5.0%	9,6 M €
Total assets	22 M €	+8.6%	20,2 M €	+1.1%	20 M €	+4.1%	19,2 M €	-0.4%	19,3 M €
Cash	290,3 k €	+152%	115 k €	-64.9%	327,9 k €	+7.9%	303,8 k €	+33.0%	228,5 k €
Debts	10,9 M €	+16.9%	9,3 M €	-1.5%	9,5 M €	+7.0%	8,8 M €	-6.6%	9,5 M €
Other
Workforce	36,9 ETP	-8.9%	40,5 ETP	+0.2%	40,4 ETP	-0.2%	40,5 ETP	-2.6%	41,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 56 ended

Active mandates

E. Masure

Director · since 13 mai 2024 · until 13 mai 2030

Active

M. Borms

Director · since 13 mai 2024 · until 13 mai 2030

Active

P. Van der Straten

Director · since 10 octobre 2023 · until 13 mai 2030

Active

P. Van Reeth

Director · since 16 août 2022 · until 08 mai 2028

Active

A. Pirlot

Vice-chairman of the board of directors · since 09 mai 2022 · until 08 mai 2028

Active

J. Mannaerts

Chairman of the board of directors · since 09 mai 2022 · until 08 mai 2028

Active

I. Dutordoir

Director · since 29 juin 2020 · until 11 mai 2026

Active

L. Valvekens

Director · since 29 juin 2020 · until 11 mai 2026

Active

Ended mandates

M. Borms

Director · since 29 juin 2020 · until 11 mai 2026

Ended

E. Masure

Director · since 14 mai 2018 · until 13 mai 2024

Ended

E. Masure

Director · since 14 mai 2018 · until 14 mai 2024

Ended

E. Vanlaer

Director · since 14 mai 2018 · until 13 mai 2024

Ended

Other companies at this address

Elisabethlaan 156 2600 Antwerpen

Company	CBE no.
AFS Zorgapotheek● Active	1007.931.354
MEDINET● Active	0439.756.329

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/05/2026	16/05/2025	29/05/2024	31/05/2023	02/06/2022	11/06/2021
General meeting	11/05/2026	12/05/2025	13/05/2024	08/05/2023	09/05/2022	31/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	11/05/2026	22/05/2026	Dutch	PDF
Full model	31/12/2024	12/05/2025	16/05/2025	Dutch	PDF
Full model	31/12/2023	13/05/2024	29/05/2024	Dutch	PDF
Full model	31/12/2022	08/05/2023	31/05/2023	Dutch	PDF
Full model	31/12/2021	09/05/2022	02/06/2022	Dutch	PDF
Full model	31/12/2020	31/05/2021	11/06/2021	Dutch	PDF
Full model	31/12/2019	29/06/2020	30/07/2020	Dutch	PDF
Full model	31/12/2018	13/05/2019	11/06/2019	Dutch	PDF
Full model	31/12/2017	14/05/2018	30/05/2018	Dutch	PDF
Full model	31/12/2016	08/05/2017	06/06/2017	Dutch	PDF
Full model	31/12/2015	09/05/2016	06/06/2016	Dutch	PDF
Full model	31/12/2014	11/05/2015	28/05/2015	Dutch	PDF
Full model	31/12/2013	12/05/2014	11/06/2014	Dutch	PDF
Full model	31/12/2012	13/05/2013	21/05/2013	Dutch	PDF
Full model	31/12/2011	14/05/2012	05/06/2012	Dutch	PDF
Full model	31/12/2010	30/05/2011	16/06/2011	Dutch	PDF
Full modelCorrection	31/12/2009	10/05/2010	02/05/2011	Dutch	PDF
Full model	31/12/2009	10/05/2010	10/06/2010	Dutch	PDF
Full model	31/12/2008	11/05/2009	09/06/2009	Dutch	PDF
Full model	31/12/2007	13/05/2008	19/06/2008	Dutch	PDF
Full modelCorrection	31/12/2006	14/05/2007	10/01/2008	Dutch	PDF
Full model	31/12/2006	14/05/2007	20/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 56 ended

Active mandates

E. Masure

Director · since 13 mai 2024 · until 13 mai 2030

Active

M. Borms

Director · since 13 mai 2024 · until 13 mai 2030

Active

P. Van der Straten

Director · since 10 octobre 2023 · until 13 mai 2030

Active

P. Van Reeth

Director · since 16 août 2022 · until 08 mai 2028

Active

A. Pirlot

Vice-chairman of the board of directors · since 09 mai 2022 · until 08 mai 2028

Active

J. Mannaerts

Chairman of the board of directors · since 09 mai 2022 · until 08 mai 2028

Active

I. Dutordoir

Director · since 29 juin 2020 · until 11 mai 2026

Active

L. Valvekens

Director · since 29 juin 2020 · until 11 mai 2026

Active

Ended mandates

M. Borms

Director · since 29 juin 2020 · until 11 mai 2026

Ended

E. Masure

Director · since 14 mai 2018 · until 13 mai 2024

Ended

E. Masure

Director · since 14 mai 2018 · until 14 mai 2024

Ended

E. Vanlaer

Director · since 14 mai 2018 · until 13 mai 2024

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates14/08/2026
Benoeming bestuurders
PDF
Mandates30/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other24/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates06/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/06/2022
ONTSLAGEN - BENOEMINGEN
PDF

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

2025
Annual accounts 2025274,1 k €↑
2024
Annual accounts 2024264,6 k €↑
2023
Annual accounts 2023193,9 k €↓
2022
Annual accounts 2022478,2 k €↑
2021
Annual accounts 2021297,9 k €↑
2020
Annual accounts 2020179,7 k €↓
2019
Annual accounts 2019205 k €↓
2018
Annual accounts 2018247,3 k €↑
2017
Annual accounts 2017131,6 k €↓
2016
Annual accounts 2016366,8 k €↓
2015
Annual accounts 2015499,1 k €↓
2014
Annual accounts 2014749,5 k €↑
2013
Annual accounts 2013414,8 k €↑
2012
Annual accounts 2012170 k €↓
2011
Annual accounts 2011413,1 k €↓
2010
Annual accounts 2010572,3 k €↑
2009
Annual accounts 2009177,2 k €↓
2008
Annual accounts 2008279,6 k €↓
2007
Annual accounts 2007448,8 k €↑
2006
Annual accounts 2006237,5 k €
13/05/1968
IncorporationCooperative society

AFS

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline