ACTIVE

AF CONSTRUCTION

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Financial year 2025 · closed on 31/12/2025
Net result
36,8 k €
+66.0% YoY
Gross margin
165,1 k €
+69.0% YoY
Equity
92,3 k €
+66.3% YoY
Workforce
2,7 ETP
+80.0% YoY

What does AF CONSTRUCTION do?

AF CONSTRUCTION is a Private limited company incorporated in 2022. Its main activity is: Construction of buildings. Its registered office is in Herstal. It employs on average 2,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0792.641.438
Incorporation
19/10/2022
Legal form
Private limited company
Registered office
Rue Joseph Germay 25
4040 Herstal · WallonieSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2025
Average workforce
2,7 ETP
Activities (NACE)
41001Construction of buildings· main41201Construction of residential and non-residential buildings43110Demolition43110Demolition43120Site preparation43120Site preparation+6
Joint committees (1)
  • 124
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Gross margin165,1 k €97,7 k €33,9 k €
EBITDA52,9 k €29,2 k €17,2 k €
Operating result50,6 k €28,1 k €16,9 k €
Net result36,8 k €22,2 k €13,3 k €
Balance sheet
Equity92,3 k €55,5 k €33,3 k €
Total assets267,2 k €288,8 k €77,7 k €
Cash2,8 k €126,1 k €10,3 k €
Debts174,9 k €233,3 k €44,3 k €
Other
Workforce2,7 ETP1,5 ETP0,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active

Active mandates

AF LOCATION

Director · since 19 octobre 2022 · 0781.316.489

Represented by FERIT AKAN

Active
At this address

Other companies at this address

CompanyCBE no.
AF LOCATION● Active
0781.316.489
AF UNITE TVA● Active
1004.548.529
Annual accounts

Full financial information

202520242023
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202419/10/2022
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months15 months
Filing date29/07/202630/07/202517/07/2024
General meeting26/06/202627/06/202528/06/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202629/07/2026FrenchPDF
Abridged model31/12/202427/06/202530/07/2025FrenchPDF
Abridged model31/12/202328/06/202417/07/2024FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active

Active mandates

AF LOCATION

Director · since 19 octobre 2022 · 0781.316.489

Represented by FERIT AKAN

Active
Shareholders

Ownership and network

Looking for more information about this company?

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other21/10/2022
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202536,8 k €↑
  2. 2024
    Annual accounts 202422,2 k €↑
  3. 2023
    Annual accounts 202313,3 k €
  4. 19/10/2022
    IncorporationPrivate limited company