Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Afriwise from Elsene, company number BE0679799160, closed financial year 2025 with a result of € -901,798 after tax. For that financial year Afriwise recorded a gross margin of € -291,909 and equity of € 2 million. Compared with financial year 2024, the result moved from € -605,081 to € -901,798. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 2 million
▲ 43% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -901,798
▼ 49 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.7 million
▼ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.1 million.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 81,768
▲ 124% vs 2024
€ 40,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9,552
▲ € 8,439 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.9 million
▲ 7% vs 2024
€ 353,266 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 704,117
▲ € 596,823 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,624
▼ 80% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -135,106 | € -152,632 | € -323,360 | € -291,909 | ▲ € 31,450 |
| Profit after taxes | € -871,966 | € -757,022 | € -605,081 | € -901,798 | ▼ € 296,716 |
| Equity | € -986,044 | € -1,243,066 | € 1,401,853 | € 2,000,055 | ▲ 43% |
| Total debts | € 2,684,914 | € 3,265,395 | € 2,482,417 | € 3,726,489 | ▲ 50% |
| Cash | € 325,834 | € 246,763 | € 2,202,344 | € 1,692,603 | ▼ 23% |
| Retained profit | € -2,886,044 | € -3,643,066 | € -4,248,147 | € -5,149,945 | ▼ € 901,798 |
| Bank debt | € 2,258,980 | € 2,258,781 | € 1,801,980 | € 1,934,755 | ▲ 7% |
| Balance sheet total | € 1,698,870 | € 2,022,329 | € 3,884,269 | € 5,726,544 | ▲ 47% |
| Employees (FTE) | 4.1 | 2.4 | 2 | 2 |
Key figures of Afriwise, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Afriwise?
What happened at Afriwise in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Seastar capital BV stepped down as director. NBB
- Cognisant BV stepped down as director. NBB
- Sovako stepped down as director. NBB
- Robert Kneip stepped down as director. NBB
- Christophe de Limburg-Stirum stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 901,798. Source: NBB ↗
- Seastar capital BV became a director. NBB
- Cognisant BV became a director. NBB
In short
From € 871,966 loss in 2023 to € 901,798 loss in 2025.
Paid € 1,062 in corporate taxes since 2023.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of SOVAKO, STALUSA, MODDER, Cagico comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AfriwiseThe shares are held by SOVAKO (29.9%), STALUSA (11.6%), MODDER (10.2%) and Cagico (10.2%). It owns 100% of Pythagoria SARL and Afriwise Law Explorer (Pty) Ltd itself.
Directors
According to the 2025 annual accounts
Director · represented by Michael Van Cauwenberge
Also active at: Placabois, LESAGE INDUSTRIES, Batal, FINIPAN, HEBIC, VANCA-BELGIUM, WITON, RNA Pioneering +17 more
since 2024 · until 2029
Director · represented by Steven De Backer
since 2024 · until 2029
Director · represented by Mathias Vandaele
since 2024 · until 2029
Robert Kneip
Director
since 2024 · until 2029
Christophe de Limburg-Stirum
Director
since 2024 · until 2029
Participations
Pythagoria SARL
100%
Afriwise Law Explorer (Pty) Ltd
Establishments
Establishment units
Physical locations of this company
Louizalaan 292
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →Institut Europeën d'Electronique EURELEC BENELUX
RAHET
€ -3,026 gross margin · 2025
STALUSA same network
€ -590,910 gross margin · 2025
JPK REAL ESTATE
€ -41,774 gross margin · 2025
ALPHASEED
€ -89,158 gross margin · 2021
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
DNS
AWS Route 53
Domain
Domain
afriwise.com
Registered
2012-05-17
Registrar
Instra Corporation Pty Ltd.
Expires
2026-05-17
Website info
Features
Security
Details
- Company number
- 0679.799.160
- VAT number
- BE 0679.799.160
- Registered office
- Louizalaan 292, 1050 Elsene
- Names & denominations
- Afriwise
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 August 2017
- Peppol
- Active · Active since 27 Mar 2025
- Contact
- afriwise.com
- Activities · NACE
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