A.C.D.
ActiveSummary
A.C.D. has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.6m and a net result of €195,323. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 763 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability63▲+18
Solvency53▲+4
Growth50▲+19
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.19 in 2023; short-term debt: 69.2% and cash: 3.9% of total assets), and 72.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
27.9%
Return on assets
3.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
29 d early
2022
210 d late
2021
18 d late
2020
9 d late
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#4 employer in Essen, Manufacturing sector
Turnover
€11.1m▲ 8.2%
2023 · €10.3m
EBIT margin
4.4%▲ 3.6pp
2023 · 0.8%
Net result
€195,323
2023 · -€3,420
Working capital
€634,967▼ 14.8%
2023 · €745,687
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€9.9m▼ 9.0%€10.8m▲ 10.0%€9.5m▼ 12.8%€10.3m▲ 8.7%€11.1m▲ 8.2%
Operating result€144,357€325,149▲ 125%-€9,735€81,195€489,642▲ 503%
Net result€62,010within the sector's middle half€194,001within the sector's middle half▲ 213%-€77,423below the sector's middle half-€3,420below the sector's middle half▲ 95.6%€195,323within the sector's middle half
EBIT margin1.5%▲ 6.8pp3.0%▲ 1.5pp-0.1%▼ 3.1pp0.8%▲ 0.9pp4.4%▲ 3.6pp
Equity€1.3mwithin the sector's middle half▲ 5.1%€1.5mwithin the sector's middle half▲ 15.2%€1.4mwithin the sector's middle half▼ 5.3%€1.4mwithin the sector's middle half▼ 0.2%€1.6mwithin the sector's middle half▲ 14.0%
Total assets€5.4mwithin the sector's middle half▲ 2.8%€5.3mwithin the sector's middle half▼ 1.2%€5.3mwithin the sector's middle half▲ 0.4%€5.8mwithin the sector's middle half▲ 9.3%€5.7mwithin the sector's middle half▼ 2.5%
Debt€4.0m▼ 1.0%€3.8m▼ 5.5%€3.9m▲ 2.7%€4.4m▲ 15.1%€4.1m▼ 7.7%
Working capital€643,026within the sector's middle half▲ 80.2%€714,120within the sector's middle half▲ 11.1%€728,231within the sector's middle half▲ 2.0%€745,687within the sector's middle half▲ 2.4%€634,967within the sector's middle half▼ 14.8%
Solvency23.8%within the sector's middle half▲ 0.5pp27.7%within the sector's middle half▲ 3.9pp26.2%within the sector's middle half▼ 1.6pp23.9%within the sector's middle half▼ 2.3pp27.9%within the sector's middle half▲ 4.0pp
Current ratio1.17within the sector's middle half▲ 0.081.20within the sector's middle half▲ 0.031.20within the sector's middle half=1.19within the sector's middle half▼ 0.011.16within the sector's middle half▼ 0.03
Return on assets (ROA)1.2%within the sector's middle half▲ 13.7pp3.7%within the sector's middle half▲ 2.5pp-1.5%below the sector's middle half▼ 5.1pp-0.1%below the sector's middle half▲ 1.4pp3.4%within the sector's middle half▲ 3.5pp
Staff (FTE)72.8above the sector's middle half▲ 1.5%76.3above the sector's middle half▲ 4.8%65.8above the sector's middle half▼ 13.8%61.1above the sector's middle half▼ 7.1%56above the sector's middle half▼ 8.3%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 503% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.7m
Fixed assets
€1.1m ▲ 0.9%
Current assets
€4.6m ▼ 3.3%
Equity and liabilities €5.7m
Equity
€1.6m ▲ 14.0%
Debt
€4.1m ▼ 7.7%
Debt's share of the balance-sheet total falls from 76.1% to 72.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€650,382▲
2023 · €208,294
Cash flow
€356,064▲
2023 · €123,679
Quick ratio
1.08▼
2023 · 1.11
Debt to equity
2.58▼
2023 · 3.19
ROE
12.3%▲
2023 · -0.2%
Interest coverage
8.39▲
2023 · 4.19
Debt ≤ 1 year
€3.9m▼
2023 · €4.0m
Debt > 1 year
€164,724▼
2023 · €239,058
Income taxes
€202,574▲
2023 · €22,108
Staff costs
€4.0m▲
2023 · €3.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 733 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 733 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €11.0m | €9.8m | €10.6m | €11.4m | ▲ 6.9% |
| Turnover70 | €9.9m | €10.8m | €9.5m | €10.3m | €11.1m | ▲ 8.2% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | -€25,175 | €204,390 | -€53,774 | €21,520 | ▲ 140% |
| Other operating income74 | - | €200,821 | €141,185 | €401,104 | €218,325 | ▼ 45.6% |
| Non-recurring operating income76A | - | €2,273 | €4,694 | €372 | €661 | ▲ 77.8% |
| Operating charges60/66A | - | €10.7m | €9.8m | €10.6m | €10.9m | ▲ 3.1% |
| Goods for resale, raw materials and consumables60 | - | €4.5m | €4.4m | €4.8m | €5.0m | ▲ 3.0% |
| Purchases600/8 | - | €4.5m | €4.4m | €4.8m | €4.9m | ▲ 1.4% |
| Change in stocks: decrease (increase)609 | - | -€24,041 | -€18,021 | -€33,940 | €43,369 | ▲ 228% |
| Services and other goods61 | - | €2.0m | €1.6m | €1.8m | €1.8m | ▼ 0.6% |
| Remuneration, social security and pensions62 | - | €4.1m | €3.7m | €3.9m | €4.0m | ▲ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €162,789 | €124,535 | €137,723 | €127,099 | €160,740 | ▲ 26.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €55,057 | -€63,083 | - | -€20,000 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€42,231 | - | -€82,769 | - | - |
| Other operating charges640/8 | - | €18,998 | €49,204 | €36,192 | €47,880 | ▲ 32.3% |
| Operating profit (loss)9901 | €144,357 | €325,149 | -€9,735 | €81,195 | €489,642 | ▲ 503% |
| Financial income75/76B | - | €1,062 | €18,497 | €2,274 | €33 | ▼ 98.5% |
| Recurring financial income75 | €15,392 | €1,062 | €18,497 | €2,274 | €33 | ▼ 98.5% |
| Income from current assets751 | - | - | €4,056 | - | - | - |
| Other financial income752/9 | - | €1,062 | €14,440 | €2,274 | €33 | ▼ 98.5% |
| Financial charges65/66B | - | €47,901 | €34,932 | €64,781 | €91,778 | ▲ 41.7% |
| Recurring financial charges65 | €66,172 | €47,901 | €34,932 | €64,781 | €91,778 | ▲ 41.7% |
| Debt charges650 | €27,979 | €21,422 | €18,721 | €49,766 | €77,482 | ▲ 55.7% |
| Other financial charges652/9 | - | €26,480 | €16,211 | €15,015 | €14,296 | ▼ 4.8% |
| Profit (loss) for the period before taxes9903 | €93,577 | €278,310 | -€26,170 | €18,688 | €397,897 | ▲ 2,029% |
| Income taxes67/77 | €31,566 | €84,309 | €51,254 | €22,108 | €202,574 | ▲ 816% |
| Taxes670/3 | - | €85,837 | €134,039 | €22,108 | €218,576 | ▲ 889% |
| Tax adjustments and reversals of tax provisions77 | - | €1,528 | €82,785 | - | €16,002 | - |
| Profit (loss) for the period9904 | €62,010 | €194,001 | -€77,423 | -€3,420 | €195,323 | ▲ 5,812% |
| Transfer from tax-exempt reserves789 | - | €56,250 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €62,010 | €250,251 | -€77,423 | -€3,420 | €195,323 | ▲ 5,812% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.4m | €5.3m | €5.3m | €5.8m | €5.7m | ▼ 2.5% |
| Fixed assets21/28 | €976,265 | €997,320 | €898,600 | €1.1m | €1.1m | ▲ 0.9% |
| Intangible fixed assets21 | €85,282 | €33,689 | €12,522 | €6,405 | €93,555 | ▲ 1,361% |
| Tangible fixed assets22/27 | €885,788 | €958,436 | €880,883 | €1.1m | €1.0m | ▼ 7.0% |
| Land and buildings22 | - | €789,990 | €711,456 | €657,585 | €608,159 | ▼ 7.5% |
| Plant, machinery and equipment23 | - | €166,687 | €162,337 | €157,472 | €193,601 | ▲ 22.9% |
| Furniture and vehicles24 | - | €1,377 | €7,090 | €280,145 | €216,397 | ▼ 22.8% |
| Leasing and similar rights25 | - | €382 | - | - | - | - |
| Financial fixed assets28 | €5,195 | €5,195 | €5,195 | €5,195 | €5,195 | = |
| Other financial fixed assets284/8 | - | €5,195 | €5,195 | €5,195 | €5,195 | = |
| Amounts receivable and cash guarantees285/8 | - | €5,195 | €5,195 | €5,195 | €5,195 | = |
| Current assets29/58 | €4.4m | €4.3m | €4.4m | €4.7m | €4.6m | ▼ 3.3% |
| Stocks and contracts in progress3 | €82,515 | €110,510 | €343,365 | €323,531 | €321,683 | ▼ 0.6% |
| Stocks30/36 | - | €46,556 | €28,535 | €62,475 | €79,107 | ▲ 26.6% |
| Goods purchased for resale34 | - | €46,556 | €28,535 | €62,475 | €79,107 | ▲ 26.6% |
| Contracts in progress37 | - | €63,953 | €314,830 | €261,056 | €242,576 | ▼ 7.1% |
| Amounts receivable within one year40/41 | €3.5m | €3.9m | €3.7m | €4.2m | €4.0m | ▼ 4.5% |
| Trade receivables40 | - | €3.8m | €3.7m | €3.8m | €4.0m | ▲ 3.8% |
| Other amounts receivable41 | - | €74,457 | €89,824 | €348,135 | €16,002 | ▼ 95.4% |
| Cash at bank and in hand54/58 | €703,059 | €306,157 | €321,814 | €177,914 | €218,895 | ▲ 23.0% |
| Deferred charges and accrued income490/1 | - | €22,954 | €21,198 | €54,760 | €46,509 | ▼ 15.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.4m | €5.3m | €5.3m | €5.8m | €5.7m | ▼ 2.5% |
| Equity10/15 | €1.3m | €1.5m | €1.4m | €1.4m | €1.6m | ▲ 14.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €1.2m | €1.4m | €1.3m | €1.3m | €1.5m | ▲ 14.7% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €1.4m | €1.3m | €1.3m | €1.5m | ▲ 14.8% |
| Provisions and deferred taxes16 | €125,000 | €82,769 | €82,769 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €82,769 | €82,769 | - | - | - |
| Other liabilities and charges164/5 | - | €82,769 | €82,769 | - | - | - |
| Amounts payable17/49 | €4.0m | €3.8m | €3.9m | €4.4m | €4.1m | ▼ 7.7% |
| Amounts payable after more than one year17 | €215,623 | €156,001 | €62,048 | €239,058 | €164,724 | ▼ 31.1% |
| Financial debts170/4 | - | €156,001 | €62,048 | €239,058 | €164,724 | ▼ 31.1% |
| Credit institutions173 | - | €156,001 | €62,048 | €239,058 | €164,724 | ▼ 31.1% |
| Amounts payable within one year42/48 | €3.8m | €3.6m | €3.7m | €4.0m | €3.9m | ▼ 1.1% |
| Current portion of amounts payable after more than one year42 | - | €163,662 | €93,863 | €380,665 | €411,323 | ▲ 8.1% |
| Financial debts43 | - | €1.2m | €1.2m | €900,000 | €900,000 | = |
| Credit institutions430/8 | - | €1.2m | €1.2m | €900,000 | €900,000 | = |
| Trade debts44 | €1.5m | €1.5m | €1.6m | €2.1m | €1.9m | ▼ 12.9% |
| Suppliers440/4 | - | €1.5m | €1.6m | €2.1m | €1.9m | ▼ 12.9% |
| Taxes, remuneration and social security45 | - | €755,246 | €806,939 | €551,026 | €752,252 | ▲ 36.5% |
| Taxes450/3 | - | €212,580 | €267,983 | €134,480 | €236,002 | ▲ 75.5% |
| Remuneration and social security454/9 | - | €542,666 | €538,957 | €416,546 | €516,250 | ▲ 23.9% |
| Other amounts payable47/48 | - | €1,646 | €1,646 | €1,646 | €1,646 | = |
| Accrued charges and deferred income492/3 | - | - | €86,768 | €221,604 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,010 | €194,001 | -€77,423 | -€3,420 | €195,323 | ▲ 5,812% |
| + Depreciation and write-downs630 | €162,789 | €124,535 | €137,723 | €127,099 | €160,740 | ▲ 26.5% |
| Operating cash flow (approximation) | €224,800 | €318,536 | €60,299 | €123,679 | €356,064 | ▲ 188% |
| Investment in fixed assets (approximation) | - | -€145,590 | -€39,003 | -€335,300 | -€170,845 | ▲ 49.0% |
| Change in cash | - | -€396,901 | €15,656 | -€143,900 | €40,981 | ▲ 128% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €195,323
Net result €195,323 after 2 loss-making years.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
26-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 210 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 18 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 9 days late
2020
31-12
Financial
Back to profitnet €62,010
Net result €62,010 after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€654,494
Net result drops to -€654,494, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Essen · 1 establishment unit since 1989
Ground area
4,192 m²
Building footprint
1,401 m²
Volume, LiDAR
10,785 m³
Parcel 11016B0635/00C000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ACD
since 19892.046.255.283
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016B0635/00C000 | Flanders | 4,192 m² | 1 · 1,401 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
Highest known parent: MECHANICAL ENGINEERING SOLUTIONS. The sources do not say who stands above it.
Owners 1
-
99.95%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 114,817 EUR awarded · 113,797 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 34,235 EUR | 34,534 EUR |
| 2024 | 2 | 26,001 EUR | 24,538 EUR |
| 2023 | 2 | 27,635 EUR | 28,132 EUR |
| 2022 | 2 | 26,946 EUR | 26,593 EUR |
Recognitions · licences · registrations
Recognised contractor
11 categoriesA.C.D. NV37759
Dual-learning approval
1 endedLassen-constructie duaal (so)
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Of 3,983 companies in sector 25110 we hold annual accounts for 2,145. 1,137 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
33110Repair and maintenance of fabricated metal products
25210Manufacture of fabricated metal products, except machinery and equipment
25530Machining of metals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439298548
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.