AFRICALIA
ActiveSummary
AFRICALIA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €298k and a net result of €3k. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 21% of 425 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▲+2
Solvency30▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 7.15 against 10.58 in 2024; short-term debt: 14% and cash: 21% of total assets), but 95.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.7%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 425 sector peers (2025).
NBB · sector comparisonPosition among 425 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
13 d early
2023
40 d early
2022
325 d late
2021
15 d late
2020
25 d early
2019
67 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k▼ 68.9%
2024 · €11k
2018: €-291k
2019: €-89k
2020: €45k
2021: €139k
2022: €17k
2023: €35k
2024: €11k
2018 → 2025
Working capital
€5.50M▼ 36.0%
2024 · €8.59M
2018: €968k
2019: €1.41M
2020: €3.50M
2021: €2.60M
2022: €9.99M
2023: €9.57M
2024: €8.59M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€227k-€244k▲ 7.6%€282k▲ 15.5%€297k▲ 5.1%€298k▲ 0.5%
Operating result€162k-€34k▼ 79.3%€43k▲ 28.1%€10k▼ 76.5%€20k▲ 101%
Net result€139k-€17k▼ 87.6%€35k▲ 102%€11k▼ 67.8%€3k▼ 68.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 101% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.40M
Fixed assets
€7k ▼ 27.6%
Current assets
€6.40M ▼ 32.6%
Equity and liabilities €6.40M
Equity
€298k ▲ 0.5%
Debt
€6.11M ▼ 33.6%
Debt's share of the balance-sheet total falls from 96.9% to 95.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▲
2024 · €13k
Cash flow
€8k▼
2024 · €14k
Current ratio
7.15▼
2024 · 10.58
Debt to equity
20.47▼
2024 · 31.01
ROE
1.2%▼
2024 · 3.8%
ROA
0.1%▼
2024 · 0.1%
Interest coverage
0.98▲
2024 · 0.77
Debt ≤ 1 year
€895k▼
2024 · €897k
Staff costs
€618k▲
2024 · €554k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9.50M€6.40M▼
Fixed assets21/28€9k€7k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€6k€4k▼
Furniture and vehicles24€6k€4k▼
Financial fixed assets28€200€200=
Current assets29/58€9.49M€6.40M▼
Amounts receivable after more than one year29€2.79M€292k▼
Other amounts receivable291€2.79M€292k▼
Amounts receivable within one year40/41€4.13M€3.25M▼
Trade receivables40€33k€31k▼
Other amounts receivable41€4.10M€3.22M▼
Current investments50/53-€1.50M
Cash at bank and in hand54/58€2.56M€1.35M▼
Deferred charges and accrued income490/1€8k€4k▼
Equity and liabilities
Total equity and liabilities10/49€9.50M€6.40M▼
Equity10/15€297k€298k▲
Reserves13€138k€154k▲
Profit (loss) carried forward14€152k€139k▼
Investment grants15€6k€4k▼
Amounts payable17/49€9.20M€6.11M▼
Amounts payable within one year42/48€897k€895k▼
Trade debts44€82k€68k▼
Suppliers440/4€82k€68k▼
Taxes, remuneration and social security45€53k€58k▲
Taxes450/3€1k€2k▲
Remuneration and social security454/9€52k€56k▲
Accrued charges and deferred income492/3€8.30M€5.21M▼
Income statement
Code20242025
Remuneration, social security and pensions62€554k€618k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€1.10M€2.29M▲
Gross operating margin9900€1.67M€2.94M▲
Operating profit (loss)9901€10k€20k▲
Financial income75/76B€18k€8k▼
Recurring financial income75€18k€8k▼
Financial charges65/66B€17k€25k▲
Recurring financial charges65€17k€25k▲
Profit (loss) for the period before taxes9903€11k€3k▼
Profit (loss) for the period9904€11k€3k▼
Profit (loss) for the period to be appropriated9905€11k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€199k€155k▼
Profit (loss) brought forward from the previous period14P€188k€152k▼
To contributions691€48k€16k▼
Social balance
Average headcount (FTE)90878.59.7▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
15-05
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 325 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 13.95
Current ratio from 3.60 to 13.95; short-term debt falls from €1,000k to €772k.
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 15 days late
2021
31-12
Financial
Highest result since 2018net €139k ▲211%
Operating result €162k, net result €139k, both a record.
31-12
Financial
Equity above €200kEq €227k ▲157%
2 profitable years in a row build equity to €227k.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €45k
Net result €45k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 19.38
Current ratio from 5.35 to 19.38; short-term debt falls from €323k to €191k.
Show earlier events
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 21 acts read
About the unread acts
We know of 21 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
21 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2007
Ground area
230 m²
Building footprint
175 m²
Volume, LiDAR
4,377 m³
Parcel 21803C1025/00G002, Brussels · tallest building 29.2 m, ±9 floors. Linked by address, not a title deed.
31
companies at this address
See who is registered here
1 establishment unit
AFRICALIA VZW
since 20072.160.374.892
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C1025/00G002 | Brussels | 230 m² | 1 · 175 m² | 29.2 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Public money · subsidies and aid
Federal government
2023 to 2025 · 5 entries · 6,097,097 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FOD Buitenlandse Zaken | 1 | 2,001,272 EUR |
| 2024 | FOD Buitenlandse Zaken | 2 | 2,066,443 EUR |
| 2023 | FOD Buitenlandse Zaken | 2 | 2,029,382 EUR |
Budget allocations
Ondersteuning aan de bijdrage van de organisaties van de civiele maatschappij en institutionele actoren in de realisatie van de doelen van de gemeenschappelijke strategische kaders (cf. art. 2.14.6 en 2.14.10 van de wetsbepalingen)
European Union, budget
2021 to 2024 · 16 entries| Year | Entries | awarded |
|---|---|---|
| 2024 | 1 | 0 EUR |
| 2023 | 5 | 0 EUR |
| 2022 | 4 | 0 EUR |
| 2021 | 6 | 0 EUR |
Projects
ADVISORY AND SUPPORT SERVICES TO THE TEI INCLUSIVE AND EQUAL SOCIETIES IN LATIN AMERICA AND THE CARIBBEAN (LAC)
NDICI COMMUNICATION & VISIBILITY
TECHNICAL ASSISTANCE TO PROSTHETIC CENTRE IN ERITREA
DEL TH-MULTI-FWC SIEA 2018-FINAL EVALUATION OF PROJECT: SOUTH EAST ASIA HEALTH PANDEMIC RESPONSE AND PREPAREDNESS (420-659)
TECHNICAL EXPERTISE TO SUPPORT ON SPECIFIC ACTIVITIES BOTH THE IMPLEMENTING PARTNERS AND THE EU DELEGATION, AND TO ENSURE THE OWNERSHIP OF THE MINISTRY OF HEALTH (MOH).
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APPUI AU DIAGNOSTIC ET DEFINITION DES BESOINS EN APPUI AUX ETABLISSEMENTS DE SOINS DE SANTE PRIMAIRES
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PROVISION OF TECHNICAL ASSISTANCE TO SUPPORT THE PROGRAMMING PROCESS BETWEEN THE EUROPEAN UNION AND THE KINGDOM OF ESWATINI FOR THE PERIOD OF 2021-2027
SUPPORT FOR THE IMPLEMENTATION AND MONITORING OF EDUCATION ACTION TITLED YOUTH LEADERSHIP AND TRAINING OPPORTUNITIES IN MYANMAR
POLITICAL ECONOMY ANALYSIS OF THE SOCIAL PROTECTION SECTOR IN IRAQ
FINAL EVALUATION OF FOOD SECURITY AND NUTRITION PROGRAMME IN LAO PDR - DCI-FOOD/2013/023-724
MID-TERM EVALUATION OF RETFOP (REVITALISING TECHNICAL VOCATIONAL EDUCATION AND TRAINING IN ANGOLA)
TA FOR THE IDENTIFICATION AND FORMULATION OF THE EU COOPERATION WITH GREENLAND IN THE EDUCATION SECTOR FOR THE PERIOD 2021-2027
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Of 6,727 companies in sector 93299 we hold annual accounts for 1,168. 718 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded04-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
94999Other membership organisations
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.