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THE AFRICAN CONNECTION

Active
Private limited companyfounded 2000active for 26 yearsGistelsteenweg 132, 8490 Jabbeke, BelgiumKBO/BCE: BE 0473.101.761
Summary

The annual accounts of THE AFRICAN CONNECTION for financial year 2025 show a net loss of 90% of the equity at the start of that year. The 2025 annual accounts show equity of €3,381 and a net result of -€30,639. Equity is shrinking by about 17% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 23% of 22,576 sector peers (NACE 47, financial year 2025). The company has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).

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THE AFRICAN CONNECTIONActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of antiques
NACE 47791
1 site
Size
€205,965total assets 2025
Equity
€3,381
Loss
-€30,639
Turnover not published (abbreviated or micro format)
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.2%
Structure
2025 accounts 17 days early1 of 3 deeds summarised
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €30,639 (financial year 2025)Sector: Retail trade (NACE 47)lowers riskSize: total assets €205,965Founded in 2000Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 11% of its sector peers (NACE 47, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 27-13
equity 1.6% of total assets
Liquidity 2-9
short-term debt 96.9% · cash 1.4%
Profitability 0-50
return on assets -14.9%
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,246 companies, NACE 47, micro)
Last 24 months 11-2024: 1.2% 12-2024: 1.2%● unchanged vs 11-2024 01-2025: 1.2%● unchanged vs 12-2024 02-2025: 1.2%● unchanged vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.3%▲ +0.1 percentage points vs 03-2025 05-2025: 1.3%● unchanged vs 04-2025 06-2025: 1.1%▼ -0.2 percentage points vs 05-2025 07-2025: 1.4%▲ +0.3 percentage points vs 06-2025 08-2025: 1.8%▲ +0.4 percentage points vs 07-2025highest value 09-2025: 0.4%▼ -1.4 percentage points vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.5%▲ +0.1 percentage points vs 03-2026 05-2026: 0.4%▼ -0.1 percentage points vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026lowest value 07-2026: 0.5%▲ +0.1 percentage points vs 06-2026 08-2026: 1.2%▲ +0.7 percentage points vs 07-2026 09-2026: 1.2%● unchanged vs 08-2026 10-2026: 1.2%● unchanged vs 09-2026
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.03, compared with 1.16 in 2024, below the usual 1.5; short-term debt: 96.9% and cash: 1.4% of total assets), and 98.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 20% on solvency, 4% on liquidity, 13% on profitability and 6% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €205,965
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €30,639 (financial year 2025)
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Founded in 2000
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 22576 sector peers (2025).
NBB · sector comparison
Position among 22576 sector peers
Solvency
better than 23%
← 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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
17 days early
2024
27 days late
2023
30 days late
2022
30 days late
2021
29 days late
2020
1 day early
2019
25 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 10 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Resignation: Vanhecke André (manager)Appointment: Vanhecke André (director) ·…

Key points

  • Caution: Among the weakest 8% on net resultsector median €5,085 · 22,557 companies -€30,639 View
  • One director decidessole director in office 1 View
  • Active since 2000founded 20-10-2000 26 years View

By topic

Financials

Financial year
2025
Total assets
€205,965
Loss
-€30,639
Solvency
1.6%
Turnover▲ 24.0%
Net result
20182023
Go to Financials

Timeline

Events
29
Since
2002
Next accounts
by 31-07-2027
  1. 31-12-2024Back to profit
  2. 30-08-2024Annual accounts filed
  3. 30-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of antiquesNACE 47791
Founded
20-10-2000
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
31
Who signs
Each director alone
Annual meeting
Second Monday of June at 19:00
Purpose
“Het aanleggen, oordeelkundig uitbouwen en beheren van een onroerend vermogen, alle…” (deed in Dutch)
Statutory auditor
No statutory auditor
Go to Articles of association

Key facts about THE AFRICAN CONNECTION

What is the company number of THE AFRICAN CONNECTION?
0473.101.761. In Belgium the VAT number is the company number with BE in front: BE 0473.101.761.
Where is THE AFRICAN CONNECTION based?
The registered office is at Gistelsteenweg 132, 8490 Jabbeke.Company details
What does THE AFRICAN CONNECTION do?
According to the KBO register, the main activity is retail sale of antiques (NACE 47791).
What is the legal form of THE AFRICAN CONNECTION?
Private limited company (BV).
When was THE AFRICAN CONNECTION founded?
On 20-10-2000.
Is THE AFRICAN CONNECTION still active?
Yes, THE AFRICAN CONNECTION is an active enterprise in the KBO register.
What is the turnover of THE AFRICAN CONNECTION?
€87,340 in financial year 2023, according to the filed annual accounts.Financials
Is THE AFRICAN CONNECTION profitable?
In financial year 2025, THE AFRICAN CONNECTION made a loss of €30,639.
Where can I find the annual accounts of THE AFRICAN CONNECTION?
THE AFRICAN CONNECTION filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of THE AFRICAN CONNECTION due?
By 31-07-2027, for financial year 2026.Timeline

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