ACTIVE

AFA

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Financial year 2025 · closed on 31/12/2025

Net result

9,9 k €

-56.9% YoY

Gross margin

87 k €

+61.7% YoY

Equity

87,7 k €

+12.8% YoY

What does AFA do?

AFA is a Private company with limited liability incorporated in 2004. Its main activity is: Camping grounds, recreational vehicle parks and trailer parks. Its registered office is in Lier.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.308.195

Incorporation

14/05/2004

Legal form

Private company with limited liability

Registered office

Leopoldplein 2
2500 Lier · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

55302Camping grounds, recreational vehicle parks and trailer parks· main 56102Restaurants and mobile food service activities 56112Restaurants and mobile food service activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	87 k €	+61.7%	53,8 k €	-32.5%	79,8 k €	+32.5%	60,2 k €	+15.3%	52,2 k €	+142%	21,6 k €	-69.6%	71,1 k €	+7436%	-969,5 €	-113%	7,6 k €	+67.4%	4,5 k €	-46.2%	8,4 k €	-74.7%	33,2 k €	-3.0%	34,3 k €	-23.4%	44,7 k €	-12.1%	50,9 k €	+5.3%	48,3 k €
EBITDA	16,6 k €	-49.2%	32,8 k €	-39.0%	53,7 k €	+15.3%	46,6 k €	+73.3%	26,9 k €	+297%	6,8 k €	-87.9%	56 k €	+690%	-9,5 k €	-318%	4,4 k €	+431%	820,5 €	+730%	98,8 €	-84.4%	632,7 €	-79.1%	3 k €	-44.7%	5,5 k €	-38.5%	8,9 k €	+28.6%	6,9 k €
Operating result	15,8 k €	-51.4%	32,5 k €	-38.8%	53,1 k €	+14.3%	46,5 k €	+74.6%	26,6 k €	+315%	6,4 k €	-88.5%	55,6 k €	+664%	-9,9 k €	-332%	4,3 k €	+418%	820,5 €	+481%	-215,3 €	-168%	318,7 €	-86.3%	2,3 k €	-42.5%	4,1 k €	+36.4%	3 k €	+127%	1,3 k €
Net result	9,9 k €	-56.9%	23 k €	-57.1%	53,7 k €	+32.2%	40,6 k €	+84.1%	22 k €	+3439%	623 €	-98.9%	55,4 k €	+630%	-10,5 k €	-349%	4,2 k €	+11131%	37,4 €	+109%	-411,5 €	-59.5%	-258,1 €	-115%	1,7 k €	-42.9%	3 k €	+26.7%	2,4 k €	+1303%	168 €
Balance sheet
Equity	87,7 k €	+12.8%	77,8 k €	+42.1%	54,7 k €	+7.2%	51 k €	+26.2%	40,5 k €	+42.4%	28,4 k €	+2.2%	27,8 k €	+267%	-16,6 k €	-177%	21,7 k €	+24.0%	17,5 k €	+0.2%	17,5 k €	-2.3%	17,9 k €	-1.4%	18,1 k €	+10.4%	16,4 k €	+22.2%	13,4 k €	+21.2%	11,1 k €
Total assets	158,9 k €	-12.7%	181,9 k €	+19.8%	151,9 k €	+36.1%	111,6 k €	+72.9%	64,5 k €	+13.2%	57 k €	+0.1%	56,9 k €	+126%	25,2 k €	-29.2%	35,6 k €	+76.7%	20,2 k €	+1.3%	19,9 k €	-15.5%	23,6 k €	+8.4%	21,7 k €	-5.2%	22,9 k €	+36.7%	16,8 k €	+7.9%	15,5 k €
Cash	19,1 k €	-26.0%	25,9 k €	+157%	10,1 k €	-76.3%	42,5 k €	+150%	17 k €	+272%	4,6 k €	+71.3%	2,7 k €	+237%	793,9 €	-85.0%	5,3 k €	+6.7%	4,9 k €	-8.0%	5,4 k €	-12.2%	6,1 k €	+29.1%	4,7 k €	-0.6%	4,8 k €	-1.6%	4,8 k €	+149%	1,9 k €
Debts	70,3 k €	-32.3%	103,8 k €	+6.8%	97,2 k €	+60.5%	60,5 k €	+151%	24,1 k €	-15.8%	28,6 k €	+3.9%	27,5 k €	-34.2%	41,8 k €	+201%	13,9 k €	+695%	1,8 k €	+4.8%	1,7 k €	-70.5%	5,7 k €	+58.4%	3,6 k €	-44.8%	6,5 k €	+95.2%	3,3 k €	-25.5%	4,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,1 ETP	-80.0%	0,5 ETP	0.0%	0,5 ETP	-37.5%	0,8 ETP	+300%	0,2 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 31/12/2014 · 2 active · 4 ended

Active mandates

ADNAN GUNES

Manager

Active

FATIH GUNES

Manager

Active

Ended mandates

FATIH GUNES

Manager · since 29 mars 2011

Ended

ADNAN GUNES

Manager · since 03 mai 2004 · until 29 mars 2011

Ended

AHMET GUNES

Manager

Ended

ONUR YASAR

Manager

Ended

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	28/07/2026	30/09/2025	07/11/2024	31/10/2023	26/10/2022	30/09/2021
General meeting	30/06/2026	24/09/2025	31/10/2024	30/09/2023	25/10/2022	30/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	28/07/2026	Dutch	PDF
Micro model	31/12/2024	24/09/2025	30/09/2025	Dutch	PDF
Micro model	31/12/2023	31/10/2024	07/11/2024	Dutch	PDF
Micro model	31/12/2022	30/09/2023	31/10/2023	Dutch	PDF
Micro model	31/12/2021	25/10/2022	26/10/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	30/09/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	08/10/2020	Dutch	PDF
Micro model	31/12/2017	31/10/2018	20/11/2018	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	29/11/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	13/11/2015	Dutch	PDF
Abridged model	31/12/2013	15/05/2014	13/08/2014	Dutch	PDF
Abridged model	31/12/2012	06/06/2013	12/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/04/2011	31/05/2011	Dutch	PDF
Abridged model	31/12/2009	30/04/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	15/05/2009	05/06/2009	Dutch	PDF
Abridged model	31/12/2007	15/05/2008	09/06/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	17/07/2007	Dutch	PDF

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 31/12/2014 · 2 active · 4 ended

Active mandates

ADNAN GUNES

Manager

Active

FATIH GUNES

Manager

Active

Ended mandates

FATIH GUNES

Manager · since 29 mars 2011

Ended

ADNAN GUNES

Manager · since 03 mai 2004 · until 29 mars 2011

Ended

AHMET GUNES

Manager

Ended

ONUR YASAR

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20259,9 k €↓
2024
Annual accounts 202423 k €↓
2023
Annual accounts 202353,7 k €↑
2022
Annual accounts 202240,6 k €↑
2021
Annual accounts 202122 k €↑
2020
Annual accounts 2020623 €↓
2019
Annual accounts 201955,4 k €↑
2017
Annual accounts 2017-10,5 k €↓
2015
Annual accounts 20154,2 k €↑
2014
Annual accounts 201437,4 €↑
2013
Annual accounts 2013-411,5 €↓
2012
Annual accounts 2012-258,1 €↓
2011
Annual accounts 20111,7 k €↓
2010
Annual accounts 20103 k €↑
2009
Annual accounts 20092,4 k €↑
2008
Annual accounts 2008168 €
14/05/2004
IncorporationPrivate company with limited liability

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

AFA

Overview

What does AFA do?

Trend over 16 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline