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AFROSOURCE

Active
Private limited companyfounded 20251 yr activeVictor Gambierstraat 41, 1180 Ukkel, BelgiumKBO/BCE: BE 1020.292.718
Summary

The computed 12-month bankruptcy probability of AFROSOURCE is 3.6% (moderate). The 2025 annual accounts show negative equity (-€13,697) and a net result of -€61,747. Its solvency ranks better than 7% of 8115 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4; short-term debt: 145.7% and cash: 22.5% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-45.7%
Return on assets
-205.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
3 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 21 February 2025, AFROSOURCE was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
€24,969
EBIT margin
-246.3%
Net result
-€61,747
Working capital
-€26,209

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €30,001
Fixed assets €12,512
Current assets €17,488
Key figures and ratios
2025 value
EBITDA
-€61,205
Cash flow
-€61,459
Solvency
-45.7%
Current ratio
0.40
Debt to equity
-3.19
ROA
-205.8%
Interest coverage
-240.89
Debt
€43,697
Debt ≤ 1 year
€43,697
Debt > 1 year
€0
Income taxes
€0
Staff costs
€1,214

Peer companies

Historical observation

Of the 1,323 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
3.6% went bankrupt
5.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,323 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 92 lines
Balance sheet Code2025
Assets
Total assets20/58€30,001
Formation expenses20€0
Fixed assets21/28€12,512
Intangible fixed assets21€0
Tangible fixed assets22/27€2,512
Land and buildings22€0
Plant, machinery and equipment23€2,512
Furniture and vehicles24€0
Leasing and similar rights25€0
Other tangible fixed assets26€0
Assets under construction and advance payments27€0
Financial fixed assets28€10,000
Current assets29/58€17,488
Amounts receivable after more than one year29€0
Trade receivables290€0
Other amounts receivable291€0
Stocks and contracts in progress3€0
Stocks30/36€0
Contracts in progress37€0
Amounts receivable within one year40/41€10,750
Trade receivables40€8,268
Other amounts receivable41€2,482
Current investments50/53€0
Cash at bank and in hand54/58€6,739
Deferred charges and accrued income490/1€0
Equity and liabilities
Total equity and liabilities10/49€30,001
Equity10/15-€13,697
Contributions10/11€48,050
Revaluation surpluses12€0
Reserves13€0
Non-distributable reserves130/1€0
Reserves not available under the articles1311€0
Own shares acquired1312€0
Financial assistance1313€0
Other1319€0
Tax-exempt reserves132€0
Distributable reserves133€0
Profit (loss) carried forward14-€61,747
Investment grants15€0
Advance to shareholders on the distribution of net assets19€0
Provisions and deferred taxes16€0
Provisions for liabilities and charges160/5€0
Pensions and similar obligations160€0
Taxes161€0
Major repairs and maintenance162€0
Environmental obligations163€0
Other liabilities and charges164/5€0
Deferred taxes168€0
Amounts payable17/49€43,697
Amounts payable after more than one year17€0
Financial debts170/4€0
Trade debts175€0
Advances received on contracts in progress176€0
Other amounts payable178/9€0
Amounts payable within one year42/48€43,697
Current portion of amounts payable after more than one year42€0
Financial debts43€0
Credit institutions430/8€0
Other loans439€0
Trade debts44€13,002
Suppliers440/4€13,002
Bills of exchange payable441€0
Advances received on contracts in progress46€0
Taxes, remuneration and social security45€0
Taxes450/3€0
Remuneration and social security454/9€0
Other amounts payable47/48€30,695
Accrued charges and deferred income492/3€0
Income statement Code2025
Turnover70€24,969
Non-recurring operating income76A€0
Goods, raw materials, services and sundry goods60/61€82,625
Remuneration, social security and pensions62€1,214
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€288
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0
Provisions for liabilities and charges: additions (uses and reversals)635/8€0
Other operating charges640/8€3,985
Non-recurring operating charges66A€0
Gross operating margin9900-€56,006
Operating profit (loss)9901-€61,493
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€254
Recurring financial charges65€254
Non-recurring financial charges66B€0
Profit (loss) for the period before taxes9903-€61,747
Transfer from deferred taxes780€0
Transfer to deferred taxes680€0
Income taxes67/77€0
Profit (loss) for the period9904-€61,747
Profit (loss) for the period to be appropriated9905-€61,747
Appropriation of the result
Profit (loss) to be appropriated9906-€61,747
Social balance
Average headcount (FTE)90870.0

The notes to these accounts (76 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Turnover70€24,969
Non-recurring operating income76A€0
Goods, raw materials, services and sundry goods60/61€82,625
Remuneration, social security and pensions62€1,214
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€288
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0
Provisions for liabilities and charges: additions (uses and reversals)635/8€0
Other operating charges640/8€3,985
Non-recurring operating charges66A€0
Gross operating margin9900-€56,006
Operating profit (loss)9901-€61,493
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€254
Recurring financial charges65€254
Non-recurring financial charges66B€0
Profit (loss) for the period before taxes9903-€61,747
Transfer from deferred taxes780€0
Transfer to deferred taxes680€0
Income taxes67/77€0
Profit (loss) for the period9904-€61,747
Profit (loss) for the period to be appropriated9905-€61,747
Line2025
Assets
Total assets20/58€30,001
Formation expenses20€0
Fixed assets21/28€12,512
Intangible fixed assets21€0
Tangible fixed assets22/27€2,512
Land and buildings22€0
Plant, machinery and equipment23€2,512
Furniture and vehicles24€0
Leasing and similar rights25€0
Other tangible fixed assets26€0
Assets under construction and advance payments27€0
Financial fixed assets28€10,000
Current assets29/58€17,488
Amounts receivable after more than one year29€0
Trade receivables290€0
Other amounts receivable291€0
Stocks and contracts in progress3€0
Stocks30/36€0
Contracts in progress37€0
Amounts receivable within one year40/41€10,750
Trade receivables40€8,268
Other amounts receivable41€2,482
Current investments50/53€0
Cash at bank and in hand54/58€6,739
Deferred charges and accrued income490/1€0
Equity and liabilities
Total equity and liabilities10/49€30,001
Equity10/15-€13,697
Contributions10/11€48,050
Revaluation surpluses12€0
Reserves13€0
Non-distributable reserves130/1€0
Reserves not available under the articles1311€0
Own shares acquired1312€0
Financial assistance1313€0
Other1319€0
Tax-exempt reserves132€0
Distributable reserves133€0
Profit (loss) carried forward14-€61,747
Investment grants15€0
Advance to shareholders on the distribution of net assets19€0
Provisions and deferred taxes16€0
Provisions for liabilities and charges160/5€0
Pensions and similar obligations160€0
Taxes161€0
Major repairs and maintenance162€0
Environmental obligations163€0
Other liabilities and charges164/5€0
Deferred taxes168€0
Amounts payable17/49€43,697
Amounts payable after more than one year17€0
Financial debts170/4€0
Trade debts175€0
Advances received on contracts in progress176€0
Other amounts payable178/9€0
Amounts payable within one year42/48€43,697
Current portion of amounts payable after more than one year42€0
Financial debts43€0
Credit institutions430/8€0
Other loans439€0
Trade debts44€13,002
Suppliers440/4€13,002
Bills of exchange payable441€0
Advances received on contracts in progress46€0
Taxes, remuneration and social security45€0
Taxes450/3€0
Remuneration and social security454/9€0
Other amounts payable47/48€30,695
Accrued charges and deferred income492/3€0
Line2025
Profit (loss) for the period9904-€61,747
+ Depreciation and write-downs630€288
Operating cash flow (approximation)-€61,459

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
03-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
141 m²
Building footprint
142 m²
Volume, LiDAR
947 m³
Parcel 21616A0169/00K004, Brussels · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
AFROSOURCE
Victor Gambierstraat 41, 1180 UkkelAgents in the wholesale of food, beverages and tobacco
since 20252.372.928.321
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21616A0169/00K004 Brussels 141 m² 1 · 142 m² 11.8 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Ukkel2.372.928.321
2 permissions
Opslag kamer t° levensmiddelen · since 20-05-2026
Toelating · Groothandelaar levensmiddelen · since 20-06-2025

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 223 companies in sector 46391 we hold annual accounts for 139. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded21-02-2025
Fiscal year end31-12
Activities, NACEBEL 2025
46391Wholesale trade
46213Wholesale trade
47210Retail sale of fruit and vegetables
E-invoicing
Reachable via Peppol
Peppol ID 0208:1020292718
Also 9925:BE1020292718
Registered 11-07-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.