Yes, it looks exactly like a German WWI Canteen Token of 50 Pfennig. The word "AKADEMIE" though I haven't seen before in these type of tokens. Perhaps to be used in the canteen of a Military Academy?
It is a general token that can be found with a lot of different legends.
Date is interbellum period (or even later)
Possible from the Berliner Akademie
Non est totum quod splendet ut aurum
Rijkdom bestaat niet uit het hebben van veel bezittingen, maar in het hebben van weinig behoeften
