ACTIVE

AFSB

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Financial year 2025 · closed on 31/12/2025

Net result

95,9 k €

+9.9% YoY

Gross margin

175,9 k €

+11.3% YoY

Equity

926,6 k €

+2.0% YoY

What does AFSB do?

AFSB is a Private limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Tournai.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0822.960.470

Incorporation

08/02/2010

Legal form

Private limited company

Registered office

Rue de la Wallonie(TOU) 8
7500 Tournai · WallonieSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 64200Activities of holding companies 64210Activities of holding companies 68100Buying and selling of own real estate 68110Buying and selling of own real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	175,9 k €	+11.3%	158,1 k €	+8.4%	145,9 k €	+31.2%	111,2 k €	-17.3%	134,5 k €	-5.7%	142,6 k €	+6.3%	134,2 k €	+1.9%	131,6 k €	+11.5%	118,1 k €	+5.7%	111,7 k €	-3.9%	116,3 k €	-4.8%	122,1 k €	-28.5%	170,8 k €
EBITDA	164,9 k €	+11.9%	147,3 k €	+8.7%	135,6 k €	+33.2%	101,8 k €	-17.3%	123 k €	-8.9%	135 k €	+6.9%	126,2 k €	+1.9%	123,9 k €	+12.2%	110,4 k €	+5.6%	104,5 k €	-4.2%	109,2 k €	-5.3%	115,2 k €	-30.2%	165,1 k €
Operating result	129,3 k €	+16.0%	111,5 k €	+15.1%	96,8 k €	+48.6%	65,1 k €	-25.5%	87,5 k €	-24.3%	115,6 k €	+8.2%	106,8 k €	+1.7%	105 k €	+13.3%	92,7 k €	+6.8%	86,9 k €	-8.6%	95 k €	-6.0%	101,1 k €	+27.7%	79,2 k €
Net result	95,9 k €	+9.9%	87,3 k €	+16.0%	75,2 k €	+47.5%	51 k €	-24.2%	67,3 k €	-22.6%	87 k €	+12.1%	77,6 k €	+1.6%	76,4 k €	+10.4%	69,2 k €	+9.3%	63,3 k €	-2.2%	64,7 k €	-4.4%	67,7 k €	+54.9%	43,7 k €
Balance sheet
Equity	926,6 k €	+2.0%	908,6 k €	+10.6%	821,3 k €	-1.4%	833 k €	+6.5%	782 k €	+39.1%	562 k €	+18.3%	475 k €	+19.5%	397,4 k €	+23.8%	321 k €	+27.5%	251,8 k €	+33.6%	188,5 k €	+52.3%	123,8 k €	+121%	56,1 k €
Total assets	944,9 k €	+1.7%	928,9 k €	+8.7%	854,4 k €	-1.9%	870,9 k €	+3.0%	845,4 k €	-10.4%	944 k €	+4.3%	904,7 k €	+1.9%	888 k €	-1.6%	902,1 k €	-4.2%	941,3 k €	+3.7%	907,7 k €	-2.9%	935,1 k €	+0.1%	934,1 k €
Cash	381,9 k €	+809%	42 k €	-2.6%	43,2 k €	-58.8%	104,7 k €	+18.5%	88,4 k €	-33.4%	132,6 k €	+79.5%	73,9 k €	+172%	27,2 k €	+61.7%	16,8 k €	-38.3%	27,3 k €	+87.2%	14,6 k €	-16.2%	17,4 k €	-81.7%	95,1 k €
Debts	17,5 k €	-10.7%	19,6 k €	-40.9%	33,2 k €	-12.5%	37,9 k €	-39.3%	62,5 k €	-83.6%	382 k €	-11.1%	429,7 k €	-12.3%	490 k €	-15.6%	580,5 k €	-15.8%	689,5 k €	-4.1%	719,2 k €	-11.4%	811,3 k €	-7.6%	878 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Gontran DELQUIGNIES

Director · since 15 décembre 2023

Active

Ended mandates

Gontran DELQUIGNIES

Director · since 08 février 2010

Ended

Gontran DELQUIGNIES

Manager · since 08 février 2010

Ended

At this address

Other companies at this address

Company	CBE no.
TOURNAI LUNETTES● Active	0693.728.855

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	24/07/2026	02/07/2025	29/05/2024	10/08/2023	24/08/2022	24/08/2021
General meeting	16/07/2026	24/06/2025	15/04/2024	27/06/2023	27/06/2022	20/07/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	16/07/2026	24/07/2026	French	PDF
Micro model	31/12/2024	24/06/2025	02/07/2025	French	PDF
Micro model	31/12/2023	15/04/2024	29/05/2024	French	PDF
Micro model	31/12/2022	27/06/2023	10/08/2023	French	PDF
Micro model	31/12/2021	27/06/2022	24/08/2022	French	PDF
Micro model	31/12/2020	20/07/2021	24/08/2021	French	PDF
Micro model	31/12/2019	29/06/2020	09/07/2020	French	PDF
Micro model	31/12/2018	24/06/2019	15/07/2019	French	PDF
Micro model	31/12/2017	25/06/2018	02/07/2018	French	PDF
Micro model	31/12/2016	26/06/2017	27/06/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	28/06/2016	French	PDF
Abridged model	31/12/2014	29/06/2015	30/06/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	01/07/2014	French	PDF
Abridged model	31/12/2012	24/06/2013	25/06/2013	French	PDF
Abridged model	31/12/2011	25/06/2012	27/06/2012	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 2 ended

Active mandates

Gontran DELQUIGNIES

Director · since 15 décembre 2023

Active

Ended mandates

Gontran DELQUIGNIES

Director · since 08 février 2010

Ended

Gontran DELQUIGNIES

Manager · since 08 février 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office13/07/2012
SIEGE SOCIAL
PDF
Other10/02/2010
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

2025
Annual accounts 202595,9 k €↑
2024
Annual accounts 202487,3 k €↑
2023
Annual accounts 202375,2 k €↑
2022
Annual accounts 202251 k €↓
2021
Annual accounts 202167,3 k €↓
2018
Annual accounts 201887 k €↑
2017
Annual accounts 201777,6 k €↑
2016
Annual accounts 201676,4 k €↑
2015
Annual accounts 201569,2 k €↑
2014
Annual accounts 201463,3 k €↓
2013
Annual accounts 201364,7 k €↓
2012
Annual accounts 201267,7 k €↑
2011
Annual accounts 201143,7 k €
08/02/2010
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AFSB

Overview

What does AFSB do?

Trend over 13 financial years

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