ACTIVE

AFSAM

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Financial year 2025 · closed on 31/03/2025
Net result
73,8 k €
+124.6% YoY
Gross margin
496,1 k €
+28.5% YoY
Equity
251,1 k €
+41.6% YoY

What does AFSAM do?

AFSAM is a Private limited company incorporated in 2012. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Waasmunster.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0848.409.114
Incorporation
04/09/2012
Legal form
Private limited company
Registered office
Oudeheerweg-Heide 59
9250 Waasmunster · FlandreSee on map
Contributed capital
12 200,00 €
Latest accounts
31/03/2025
Activities (NACE)
42220Construction of utility projects for electricity and telecommunications· main42220Construction of utility projects for electricity and telecommunications43120Site preparation43120Site preparation37000Sewerage37000Sewerage+8
Joint committees (1)
  • 124
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 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Gross margin496,1 k €386,2 k €416,1 k €131,5 k €167,1 k €187,7 k €85,8 k €9,3 k €12,1 k €1,9 k €12,3 k €35,8 k €
EBITDA145,9 k €99,7 k €156,6 k €83,9 k €116,6 k €112,7 k €36,8 k €8,8 k €11,5 k €1,3 k €11,4 k €34,7 k €
Operating result94,7 k €56,2 k €122,7 k €39,2 k €80,9 k €67,9 k €23,4 k €3 k €11,5 k €-3,2 k €1,7 k €5,4 k €
Net result73,8 k €32,9 k €80,6 k €19,5 k €49,8 k €43,9 k €16,3 k €1,1 k €9,4 k €-3,9 k €356,4 €1,3 k €
Balance sheet
Equity251,1 k €177,3 k €144,5 k €150,1 k €130,5 k €80,7 k €36,8 k €20,4 k €19,3 k €9,9 k €13,8 k €13,5 k €
Total assets522,7 k €395,4 k €444,9 k €358,9 k €303,2 k €296,1 k €166,1 k €44,5 k €21,7 k €23,9 k €48,6 k €94,1 k €
Cash172,7 k €68,9 k €169,1 k €51,2 k €120,1 k €49,6 k €30 k €3,4 k €1,3 k €345,6 €12,5 k €3,2 k €
Debts271,6 k €218,1 k €300,4 k €208,9 k €172,7 k €215,5 k €129,3 k €24,1 k €2,4 k €12,2 k €34,8 k €80,6 k €
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 31/03/2023 · 1 active · 3 ended

Active mandates

Ali Cakir

Director · since 17 octobre 2016

Active

Ended mandates

Ali Cakir

Manager · since 17 octobre 2016

Ended
Ali Cakir

Manager

Ended
Fatih Kandemir

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date26/11/202510/12/202404/10/202321/10/202202/11/202101/10/2020
General meeting16/08/202517/08/202419/08/202330/09/202221/08/202117/08/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202516/08/202526/11/2025DutchPDF
Abridged model31/03/202417/08/202410/12/2024DutchPDF
Micro model31/03/202319/08/202304/10/2023DutchPDF
Micro model31/03/202230/09/202221/10/2022DutchPDF
Micro model31/03/202121/08/202102/11/2021DutchPDF
Micro model31/03/202017/08/202001/10/2020DutchPDF
Micro model31/03/201917/08/201917/09/2019DutchPDF
Micro model31/03/201818/08/201824/09/2018DutchPDF
Micro model31/03/201719/08/201721/08/2017DutchPDF
Abridged model31/03/201620/08/201614/09/2016DutchPDF
Abridged model31/03/201505/09/201522/10/2015DutchPDF
Abridged model31/03/201416/08/201419/09/2014DutchPDF
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 31/03/2023 · 1 active · 3 ended

Active mandates

Ali Cakir

Director · since 17 octobre 2016

Active

Ended mandates

Ali Cakir

Manager · since 17 octobre 2016

Ended
Ali Cakir

Manager

Ended
Fatih Kandemir

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Registered office09/11/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office05/11/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates07/11/2016
    BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates06/03/2014
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office07/05/2013
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other06/09/2012
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202573,8 k €↑
  2. 2024
    Annual accounts 202432,9 k €↓
  3. 2023
    Annual accounts 202380,6 k €↑
  4. 2022
    Annual accounts 202219,5 k €↓
  5. 2021
    Annual accounts 202149,8 k €↑
  6. 2020
    Annual accounts 202043,9 k €↑
  7. 2019
    Annual accounts 201916,3 k €↑
  8. 2018
    Annual accounts 20181,1 k €↓
  9. 2017
    Annual accounts 20179,4 k €↑
  10. 2016
    Annual accounts 2016-3,9 k €↓
  11. 2015
    Annual accounts 2015356,4 €↓
  12. 2014
    Annual accounts 20141,3 k €
  13. 04/09/2012
    IncorporationPrivate limited company