Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2024; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
MONEY FOR AFRICA from Elsene, company number BE0744395816, closed financial year 2024 with a result of € -6,797 after tax. For that financial year MONEY FOR AFRICA recorded a gross margin of € -2,418 and equity of € -11,114. Compared with financial year 2023, the result moved from € -7,811 to € -6,797. The company made a loss. 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 29, 2025.
€ -11,114
▲ € 8,203 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,797
▲ 13 % less loss than in 2023
Profit after tax over the fiscal year.
€ 30
▼ 96% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -31,114.
People and assets in 2024
€ 69
▼ 86% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | € 290,377 | € 37,165 | - | |
| Gross margin | € 7,452 | € 6,351 | € -2,482 | € -2,418 | ▲ € 65 |
| Profit after taxes | € 532 | € -4,356 | € -7,811 | € -6,797 | ▲ € 1,014 |
| Equity | € -4,851 | € -11,506 | € -19,317 | € -11,114 | ▲ € 8,203 |
| Total debts | € 31,955 | € 31,013 | € 63,813 | € 15,087 | ▼ 76% |
| Cash | € 6,297 | € 4,079 | € 674 | € 30 | ▼ 96% |
| Retained profit | € -12,151 | € -16,506 | € -24,317 | € -31,114 | ▼ € 6,797 |
| Balance sheet total | € 27,104 | € 19,507 | € 44,496 | € 3,973 | ▼ 91% |
Key figures of MONEY FOR AFRICA, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MONEY FOR AFRICA?
What happened at MONEY FOR AFRICA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MONEY FOR AFRICA is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 6,797. filed late Source: NBB ↗
- New establishment in Elsene. KBO
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 532 profit in 2021 to € 6,797 loss in 2024.
Best year ever: 2021, with € 532 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
Establishments
Establishment units
Physical locations of this company
Waverse Steenweg 144
1050 Elsene
Waverse Steenweg 38
1050 Elsene
Active since 1 April 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0744.395.816
- VAT number
- BE 0744.395.816
- Registered office
- Waverse Steenweg 144, 1050 Elsene
- Names & denominations
- MONEY FOR AFRICA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 24 February 2020
- Peppol
- Not registered
- Contact
- [email protected]