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Complete company report
Generated 15-08-2026
Active BE 0766.561.504Public limited company

African Craft Breweries

Vorstlaan 25 ·1170 Watermaal-Bosvoorde, Belgium· 5 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of African Craft Breweries is 4.2% (elevated). The 2024 annual accounts show equity of €1.11M and a net result of €-63k. Equity is shrinking by ~5.6% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €1.11M
Net result €-63k
Active 5 yrs
Publications 2
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health70Profitability0Solvency100Growth58Stability94
64 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 70
Profitability 0
Solvency 100
Growth 58
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
4.2% Elevated
0%0,5%1,5%4%10%≥25%
Young company +No NACE activity registered +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2024 · computed
70 / 100 Healthy
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview4 NBB filings
Annual accounts filed on 30-06-2025 with the NBB · fiscal year 2024 · volledig
€-200k€-150k€-100k€-50k€0Operating result 2021: €-186k€-186kNet result 2021: €-175k€-175kOperating result 2022: €-100k€-100kNet result 2022: €-80k€-80kOperating result 2023: €-89k€-89kNet result 2023: €-68k€-68kOperating result 2024: €-84k€-84kNet result 2024: €-63k€-63k2021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~5.6%/year over 4 fiscal years, indicative, assuming unchanged policy.
€800k€1.00M€1.20M€1.40M2025: €1.05M (€961k - €1.14M)2026: €992k (€903k - €1.08M)2027: €937k (€848k - €1.03M)2021: €1.32M2022: €1.25M2023: €1.18M2024: €1.11M2021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Net profit
€-63k
+7.5% 21-24
Total assets
€1.52M
+1.0% 21-24
Equity
€1.11M
-5.4% 21-24
Working capital
€1.11M
-5.4% 21-24
Debt
€406k
+23.7% 21-24
Debt ≤ 1y
€406k
+23.7% 21-24
Current ratio
3.74
-18.4% 21-24
Quick ratio
3.74
-18.4% 21-24
Solvency
73.3%
-6.3% 21-24
Debt / equity
0.37
+30.7% 21-24
ROE
-5.7%
+2.2% 21-24
ROA
-4.2%
+8.4% 21-24
Figures by fiscal year
Fiscal year2024
Depositvolledig
Revenue-
EBITDA-
Net profit€-63k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€1.52M
Equity€1.11M
Debt€406k
of which ≤ 1y€406k
of which > 1y-
Working capital€1.11M
Employees (FTE)-
Ratios (computed)
2024
Current ratio3.74
Quick ratio3.74
Working capital ratio73.3%
Solvency73.3%
Debt / equity0.37
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-4.2%
ROE-5.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.52M
Current assets 29/58€1.52M
Amounts receivable within one year 40/41€1.47M
Cash & bank 54/58€46k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.52M
Equity 10/15€1.11M
Contributions / capital 10/11€1.50M
Accumulated profits (losses) 14€-387k
Amounts payable 17/49€406k
Amounts payable within one year 42/48€406k
Trade debts payable within one year 44€406k
Income statement
Operating result 9901€-84k
Financial income 75€21k
Financial charges 65€324
Result before taxes 9903€-63k
Net result for the period 9904€-63k
Result to be appropriated 9905€-63k
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation09-04-2021
StatusActive
Postal code1170
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21652E0905/00H000
ProtectedMonument · Site or landscapeRoyale BelgeSource ↗
 Brussels 8.3 ha 1 · 1.3 ha 51.0 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
13-08-2025
State Gazette act Director changes
30-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
2024
14-06-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
29-08-2023
State Gazette act Registered-office change
29-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
15-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
Belgisch Staatsblad, acts 2 acts
Address history · 1
29-08-2023
Registered-office move
All acts · 2 updated 1 year ago
2025
13-08-2025 4 directors appointed Director changes
  • Laeticia SEEBER, Commissaris
  • Gaëlle FLOOR, Commissaris
  • Soundouce BOUALKMA, Commissaris
  • Thibault RELECOM, Gedelegeerd bestuurder
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2023
29-08-2023 Registered office moved from Watermael-Boitsfort to Bruxelles Registered-office change
  • 1170 Watermael-Boitsfort, Boulevard du Souverain 68/9 → 1170 Watermael-Boitsfort, Boulevard du Souverain 25/9
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Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR African Craft Breweries
AbbreviationFR ACB
Registered office
Vorstlaan 25 bus 9
1170 Watermaal-Bosvoorde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative