AFROSOURCE
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 3 days after the deadline Filed on 3 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00389212.
Annual accounts 2025 filed on 03-08-2026 at the NBB
Securities and guarantees
| Item | 2025 |
|---|---|
| Debts secured on the company's own assets | €0 |
| Debts guaranteed by Belgian public bodies | €0 |
Source: notes to the 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €2,800 |
| Intangible fixed assets | €0 |
| Financial fixed assets | €10,000 |
| Depreciation and write-downs of the year | €288 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
| Line | 2025 |
|---|---|
| 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 |
| Line | 2025 | |
|---|---|---|
| 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 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€61,747 |
| + Depreciation and write-downs630 | €288 |
| Operating cash flow (approximation) | -€61,459 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,322 companies had the same profile as AFROSOURCE has now. Two years later, 90.2% were still going and 4.2% had gone bankrupt.
- Micro
- under 2 years old
- negative equity
- a loss of 10% of the balance sheet or more
That fits the bankruptcy probability of AFROSOURCE itself: 2.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,322 companies, not a prediction for AFROSOURCE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-08-2026 | 2026-00389212 |