Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Africa Infrastructure Fellowship Program from Brussel, company number BE0731938937, closed financial year 2025 with a result of € 97,534 after tax. For that financial year Africa Infrastructure Fellowship Program recorded a gross margin of € 174,367 and equity of € -89,847. Compared with financial year 2024, the result moved from € -144,757 to € 97,534. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ -89,847
▲ € 97,534 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 97,534
▲ still € 144,757 loss in 2024
Profit after tax over the fiscal year.
€ 362
▼ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
€ 75,782
▼ 28% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 77,532
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,392
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 119,600 | € -12,689 | € 174,367 | ▲ € 187,057 |
| Profit after taxes | € -9,922 | € -144,757 | € 97,534 | ▲ € 242,291 |
| Equity | € -42,624 | € -187,381 | € -89,847 | ▲ € 97,534 |
| Total debts | € 96,414 | € 191,926 | € 92,925 | ▼ 52% |
| Cash | € 26,359 | € 1,958 | € 362 | ▼ 82% |
| Retained profit | € -52,624 | € -197,381 | € -99,847 | ▲ € 97,534 |
| Balance sheet total | € 53,790 | € 4,545 | € 3,077 | ▼ 32% |
Key figures of Africa Infrastructure Fellowship Program, 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 Africa Infrastructure Fellowship Program?
What happened at Africa Infrastructure Fellowship Program in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ambroise FAYOLLE stepped down as director. NBB
- Marie FREDO-LAM stepped down as director. NBB
- Thierry DEAU stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 97,534. filed late Source: NBB ↗
- Ambroise FAYOLLE became a director. NBB
- Marie FREDO-LAM became a director. NBB
- Thierry DEAU became a director. NBB
- New establishment in Elsene. KBO
In short
From € 9,922 loss in 2023 to € 97,534 profit in 2025.
Best year ever: 2025, with € 97,534 profit.
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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
Directors
According to the 2025 annual accounts
Ambroise FAYOLLE
Director
since 2026 · until 2028
Marie FREDO-LAM
Director
since 2026 · until 2028
Thierry DEAU
Chairman of the board
since 2026 · until 2028
Establishments
Establishment units
Physical locations of this company
Louizalaan 523
1050 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0731.938.937
- VAT number
- BE 0731.938.937
- Registered office
- Louizalaan 523, 1050 Brussel
- Names & denominations
- Africa Infrastructure Fellowship Program · AIFP
- Enterprise type
- Rechtspersoon
- Legal form
- Public-interest foundation
- Legal situation
- Normale toestand
- Start date
- 7 August 2019
- Peppol
- Not registered