ACTIVE

AFO TECHNICAL SOLUTIONS

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Financial year 2024 · closed on 31/12/2024

Net result

22,4 k €

-71.2% YoY

Gross margin

544,9 k €

-9.3% YoY

Equity

839,7 k €

-7.5% YoY

Workforce

452 259,0 ETP

+5258725.6% YoY

What does AFO TECHNICAL SOLUTIONS do?

AFO TECHNICAL SOLUTIONS is a Private limited company incorporated in 2012. Its main activity is: Electrical installation. Its registered office is in Forest. It employs on average 452 259,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0847.285.397

Incorporation

10/07/2012

Legal form

Private limited company

Registered office

Avenue Van Volxem 380
1190 Forest · BruxellesSee on map

Contributed capital

21 000,00 €

Latest accounts

31/12/2024

Average workforce

452 259,0 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 46500Wholesale of information and communication equipment 46520Wholesale of electronic and telecommunications equipment and parts 46499Wholesale of other household goods 46499Wholesale of other household goods+7

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	544,9 k €	-9.3%	600,5 k €	+23.2%	487,4 k €	-7.4%	526,6 k €	+16.4%	452,6 k €	-2.0%	461,7 k €	+10.7%	416,9 k €	+2.5%	406,8 k €	+5.3%	386,5 k €	+19.0%	324,6 k €	+44.6%	224,5 k €
EBITDA	86,9 k €	-47.7%	166,2 k €	+19.0%	139,7 k €	-25.2%	186,8 k €	-6.5%	199,8 k €	+28.2%	155,8 k €	+34.6%	115,7 k €	+21.0%	95,7 k €	-40.6%	161,2 k €	+1.7%	158,5 k €	+33.0%	119,2 k €
Operating result	42,5 k €	-64.8%	120,6 k €	+21.1%	99,6 k €	-38.5%	161,9 k €	-9.6%	179 k €	+46.7%	122 k €	+49.2%	81,8 k €	+13.8%	71,9 k €	-50.4%	144,9 k €	-3.6%	150,4 k €	+28.3%	117,2 k €
Net result	22,4 k €	-71.2%	77,8 k €	+15.3%	67,5 k €	-53.0%	143,5 k €	+14.5%	125,3 k €	+148%	50,5 k €	-3.5%	52,3 k €	+5.3%	49,7 k €	-47.1%	94 k €	-7.6%	101,7 k €	+30.3%	78,1 k €
Balance sheet
Equity	839,7 k €	-7.5%	907,4 k €	+3.1%	880,1 k €	+8.3%	812,6 k €	+21.4%	669,2 k €	+49.6%	447,3 k €	+12.7%	396,8 k €	+15.2%	344,5 k €	+16.9%	294,8 k €	+46.8%	200,8 k €	+103%	99,1 k €
Total assets	1,4 M €	+0.9%	1,4 M €	+18.3%	1,2 M €	+7.1%	1,1 M €	+22.1%	893 k €	+4.8%	851,9 k €	+27.9%	665,9 k €	+0.0%	665,7 k €	+2.0%	652,9 k €	+93.1%	338,1 k €	+55.6%	217,3 k €
Cash	363,1 k €	-10.3%	404,6 k €	-5.5%	428,3 k €	+21.5%	352,7 k €	+146%	143,6 k €	-35.5%	222,7 k €	-10.6%	249,2 k €	-22.7%	322,2 k €	+97.3%	163,3 k €	+196%	55,1 k €	+1.9%	54,1 k €
Debts	528,7 k €	+11.6%	473,9 k €	+65.1%	287 k €	+30.4%	220,1 k €	-1.7%	223,8 k €	-18.1%	273,2 k €	+1.5%	269,1 k €	-16.2%	321,3 k €	-10.0%	356,9 k €	+200%	119,2 k €	+8.5%	109,9 k €
Other
Workforce	452 259,0 ETP	+5258726%	8,6 ETP	+7.5%	8,0 ETP	0.0%	8,0 ETP	+27.0%	6,3 ETP	-21.3%	8,0 ETP	+33.3%	6,0 ETP	-16.7%	7,2 ETP	+26.3%	5,7 ETP	+29.5%	4,4 ETP	+46.7%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 3 ended

Active mandates

ABDELLATIF LAMRANI MAKHLOUFI

Director

Active

FRANCISCO SORIA MACHADO

Director

Active

OSMAN SAGSOZ

Director

Active

Ended mandates

ABDELLATIF LAMRANI MAKHLOUFI

Administrator - manager

Ended

FRANCISCO SORIA MACHADO

Administrator - manager

Ended

OSMAN SAGSOZ

Administrator - manager

Ended

At this address

Other companies at this address

Company	CBE no.
CASPERIUS DEVELOPMENT CENTER● Active	0889.267.888
Centre de Réveil la Parole Proclamée● Active	0799.151.326
DINALEX● Bankrupt	0448.463.959

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/07/2025	19/07/2024	18/07/2023	18/07/2022	19/07/2021	20/07/2020
General meeting	14/05/2025	08/05/2024	10/05/2023	11/05/2022	12/05/2021	13/05/2020
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	14/05/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	08/05/2024	19/07/2024	French	PDF
Abridged model	31/12/2022	10/05/2023	18/07/2023	French	PDF
Abridged model	31/12/2021	11/05/2022	18/07/2022	French	PDF
Abridged model	31/12/2020	12/05/2021	19/07/2021	French	PDF
Abridged model	31/12/2019	13/05/2020	20/07/2020	French	PDF
Abridged model	31/12/2018	08/05/2019	18/07/2019	French	PDF
Abridged model	31/12/2017	09/05/2018	14/07/2018	French	PDF
Abridged model	31/12/2016	10/05/2017	20/07/2017	French	PDF
Abridged model	31/12/2015	11/05/2016	18/07/2016	French	PDF
Abridged model	31/12/2014	13/05/2015	17/07/2015	French	PDF
Abridged model	31/12/2013	14/05/2014	09/07/2014	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2024 · 3 active · 3 ended

Active mandates

ABDELLATIF LAMRANI MAKHLOUFI

Director

Active

FRANCISCO SORIA MACHADO

Director

Active

OSMAN SAGSOZ

Director

Active

Ended mandates

ABDELLATIF LAMRANI MAKHLOUFI

Administrator - manager

Ended

FRANCISCO SORIA MACHADO

Administrator - manager

Ended

OSMAN SAGSOZ

Administrator - manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office09/01/2013
SIEGE SOCIAL
PDF
Other19/07/2012
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

2024
Annual accounts 202422,4 k €↓
2023
Annual accounts 202377,8 k €↑
2022
Annual accounts 202267,5 k €↓
2021
Annual accounts 2021143,5 k €↑
2020
Annual accounts 2020125,3 k €↑
2018
Annual accounts 201850,5 k €↓
2017
Annual accounts 201752,3 k €↑
2016
Annual accounts 201649,7 k €↓
2015
Annual accounts 201594 k €↓
2014
Annual accounts 2014101,7 k €↑
2013
Annual accounts 201378,1 k €
10/07/2012
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

AFO TECHNICAL SOLUTIONS

Overview

What does AFO TECHNICAL SOLUTIONS do?

Trend over 11 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