A&C HOLDING
ActiveSummary
A&C HOLDING has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22.6m and a net result of €958,466. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 95% of 701 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,850,000 at 30 days acceptable
Liquidity ample (current ratio 3.86 against 2.61 in 2024; short-term debt: 3.8% and cash: 2.3% of total assets), and 3.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.1%
Return on assets
4.1%
Age of the figures
9 mo
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 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
28 d early
2023
26 d early
2022
on the day
2021
11 d early
2020
138 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 company by total assets in De Haan, Accommodation and food service sector#1 company by equity in De Haan, Accommodation and food service sector
Equity
€22.6m▲ 4.4%
2024 · €21.7m
Total assets
€23.5m▲ 3.6%
2024 · €22.7m
Net result
€958,466▲ 138%
2024 · €403,398
Working capital
€2.6m▲ 55.4%
2024 · €1.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, 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
Line20212022202320242025
Operating result€122,186€145,642▲ 19.2%€414,605▲ 185%€592,062▲ 42.8%€707,388▲ 19.5%
Net result€105,497above the sector's middle half€125,341within the sector's middle half▲ 18.8%€327,219above the sector's middle half▲ 161%€403,398above the sector's middle half▲ 23.3%€958,466above the sector's middle half▲ 138%
Equity€20.8mabove the sector's middle half▲ 0.5%€20.9mabove the sector's middle half▲ 0.6%€21.3mabove the sector's middle half▲ 1.6%€21.7mabove the sector's middle half▲ 1.9%€22.6mabove the sector's middle half▲ 4.4%
Total assets€22.2mabove the sector's middle half▲ 0.9%€22.3mabove the sector's middle half▲ 0.8%€22.2mabove the sector's middle half▼ 0.6%€22.7mabove the sector's middle half▲ 2.3%€23.5mabove the sector's middle half▲ 3.6%
Debt€1.4m▲ 7.2%€1.4m▲ 3.2%€948,800▼ 32.8%€1.0m▲ 10.5%€913,254▼ 12.9%
Working capital€278,536above the sector's middle half▲ 19.2%€1.0mabove the sector's middle half▲ 259%€1.2mabove the sector's middle half▲ 24.3%€1.7mabove the sector's middle half▲ 33.0%€2.6mabove the sector's middle half▲ 55.4%
Solvency93.8%above the sector's middle half▼ 0.4pp93.7%above the sector's middle half▼ 0.1pp95.7%above the sector's middle half▲ 2.0pp95.4%above the sector's middle half▼ 0.3pp96.1%above the sector's middle half▲ 0.7pp
Current ratio1.21within the sector's middle half▲ 0.021.72within the sector's middle half▲ 0.512.34above the sector's middle half▲ 0.622.61above the sector's middle half▲ 0.283.86above the sector's middle half▲ 1.24
Return on assets (ROA)0.5%within the sector's middle half▲ 1.7pp0.6%within the sector's middle half▲ 0.1pp1.5%within the sector's middle half▲ 0.9pp1.8%within the sector's middle half▲ 0.3pp4.1%within the sector's middle half▲ 2.3pp
Staff (FTE)7.3within the sector's middle half▼ 1.4%6.5within the sector's middle half▼ 11.0%6.6within the sector's middle half▲ 1.5%6.3within the sector's middle half▼ 4.5%7.3within the sector's middle half▲ 15.9%
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23.5m
Fixed assets
€20.1m ▲ 0.2%
Current assets
€3.5m ▲ 29.6%
Equity and liabilities €23.5m
Equity
€22.6m ▲ 4.4%
Debt
€913,254 ▼ 12.9%
Debt's share of the balance-sheet total falls from 4.6% to 3.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€835,971▲
2024 · €726,377
Cash flow
€1.1m▲
2024 · €537,713
Quick ratio
3.85▲
2024 · 2.59
Debt to equity
0.04▼
2024 · 0.05
ROE
4.2%▲
2024 · 1.9%
Interest coverage
258.39▲
2024 · 49.29
Debt ≤ 1 year
€900,198▼
2024 · €1.0m
Income taxes
€278,835▲
2024 · €186,888
Staff costs
€438,526▲
2024 · €345,349
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €67,103 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €366,784 | €325,246 | €394,424 | €345,349 | €438,526 | ▲ 27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €156,983 | €145,911 | €144,168 | €134,315 | €128,583 | ▼ 4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €34,525 | €59,704 | €25,561 | €16,620 | €0 | ▼ 100% |
| Other operating charges640/8 | €207,472 | €218,347 | €242,988 | €274,426 | €243,646 | ▼ 11.2% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €887,949 | €894,851 | €1.2m | €1.4m | €1.5m | ▲ 11.4% |
| Operating profit (loss)9901 | €122,186 | €145,642 | €414,605 | €592,062 | €707,388 | ▲ 19.5% |
| Financial income75/76B | €7,226 | €2,915 | €6,137 | €12,960 | €533,148 | ▲ 4,014% |
| Recurring financial income75 | €7,226 | €2,915 | €6,137 | €12,960 | €533,148 | ▲ 4,014% |
| Financial charges65/66B | €23,933 | €23,068 | €21,363 | €14,736 | €3,235 | ▼ 78.0% |
| Recurring financial charges65 | €23,933 | €23,068 | €21,363 | €14,736 | €3,235 | ▼ 78.0% |
| Profit (loss) for the period before taxes9903 | €105,479 | €125,490 | €399,380 | €590,286 | €1.2m | ▲ 110% |
| Income taxes67/77 | -€19 | €149 | €72,161 | €186,888 | €278,835 | ▲ 49.2% |
| Profit (loss) for the period9904 | €105,497 | €125,341 | €327,219 | €403,398 | €958,466 | ▲ 138% |
| Profit (loss) for the period to be appropriated9905 | €105,497 | €125,341 | €327,219 | €403,398 | €958,466 | ▲ 138% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22.2m | €22.3m | €22.2m | €22.7m | €23.5m | ▲ 3.6% |
| Fixed assets21/28 | €20.6m | €19.9m | €20.0m | €20.0m | €20.1m | ▲ 0.2% |
| Tangible fixed assets22/27 | €587,290 | €653,234 | €735,329 | €712,057 | €743,276 | ▲ 4.4% |
| Land and buildings22 | €4,304 | €3,331 | €2,358 | €1,385 | €412 | ▼ 70.2% |
| Plant, machinery and equipment23 | €581,359 | €647,603 | €731,819 | €702,171 | €733,641 | ▲ 4.5% |
| Furniture and vehicles24 | €1,627 | €2,300 | €1,152 | €8,500 | €9,222 | ▲ 8.5% |
| Financial fixed assets28 | €20.0m | €19.3m | €19.3m | €19.3m | €19.3m | = |
| Current assets29/58 | €1.6m | €2.4m | €2.2m | €2.7m | €3.5m | ▲ 29.6% |
| Amounts receivable after more than one year29 | - | - | - | €600,000 | €1.4m | ▲ 133% |
| Other amounts receivable291 | - | - | - | €600,000 | €1.4m | ▲ 133% |
| Stocks and contracts in progress3 | €29,476 | €23,576 | €36,776 | €27,882 | €4,095 | ▼ 85.3% |
| Stocks30/36 | €29,476 | €23,576 | €36,776 | €27,882 | €4,095 | ▼ 85.3% |
| Amounts receivable within one year40/41 | €1.0m | €2.1m | €1.8m | €1.3m | €1.5m | ▲ 16.1% |
| Trade receivables40 | €902,712 | €1.2m | €1.0m | €1.0m | €1.1m | ▲ 4.1% |
| Other amounts receivable41 | €144,393 | €867,882 | €769,020 | €220,725 | €381,924 | ▲ 73.0% |
| Current investments50/53 | - | - | - | €150,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €531,742 | €269,135 | €267,679 | €618,371 | €551,513 | ▼ 10.8% |
| Deferred charges and accrued income490/1 | €3,270 | €7,184 | €99,727 | €13,559 | €41,741 | ▲ 208% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22.2m | €22.3m | €22.2m | €22.7m | €23.5m | ▲ 3.6% |
| Equity10/15 | €20.8m | €20.9m | €21.3m | €21.7m | €22.6m | ▲ 4.4% |
| Contributions10/11 | €20.7m | €20.7m | €20.7m | €20.7m | €20.7m | = |
| Capital10 | €20.7m | €20.7m | €20.7m | €20.7m | €20.7m | = |
| Issued capital100 | €20.7m | €20.7m | €20.7m | €20.7m | €20.7m | = |
| Reserves13 | €136,924 | €262,265 | €589,484 | €992,882 | €2.0m | ▲ 96.5% |
| Non-distributable reserves130/1 | €44,803 | €51,070 | €68,978 | €91,054 | €143,508 | ▲ 57.6% |
| Legal reserve130 | €44,803 | €51,070 | €68,978 | €91,054 | €143,508 | ▲ 57.6% |
| Distributable reserves133 | €92,121 | €211,195 | €520,506 | €901,827 | €1.8m | ▲ 100% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €1.4m | €1.4m | €948,800 | €1.0m | €913,254 | ▼ 12.9% |
| Amounts payable within one year42/48 | €1.3m | €1.4m | €930,998 | €1.0m | €900,198 | ▼ 12.2% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | - | - |
| Trade debts44 | €913,906 | €960,960 | €666,586 | €695,572 | €594,077 | ▼ 14.6% |
| Suppliers440/4 | €913,906 | €960,960 | €666,586 | €695,572 | €594,077 | ▼ 14.6% |
| Advances received on contracts in progress46 | - | - | - | - | €5,000 | - |
| Taxes, remuneration and social security45 | €9,807 | €28,986 | €60,744 | €95,144 | €214,217 | ▲ 125% |
| Taxes450/3 | €700 | €4,356 | €33,055 | €71,431 | €185,170 | ▲ 159% |
| Remuneration and social security454/9 | €9,107 | €24,631 | €27,689 | €23,713 | €29,048 | ▲ 22.5% |
| Other amounts payable47/48 | €409,344 | €402,686 | €203,667 | €234,168 | €86,903 | ▼ 62.9% |
| Accrued charges and deferred income492/3 | €35,661 | €19,622 | €17,803 | €23,669 | €13,057 | ▼ 44.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105,497 | €125,341 | €327,219 | €403,398 | €958,466 | ▲ 138% |
| + Depreciation and write-downs630 | €156,983 | €145,911 | €144,168 | €134,315 | €128,583 | ▼ 4.3% |
| Operating cash flow (approximation) | €262,480 | €271,252 | €471,387 | €537,713 | €1.1m | ▲ 102% |
| Investment in fixed assets (approximation) | - | €466,938 | -€226,263 | -€132,690 | -€159,802 | ▼ 20.4% |
| Change in cash | - | -€262,606 | -€1,457 | €350,692 | -€66,858 | ▼ 119% |
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
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
21-05
State Gazette act
General meeting · Permanent representative
Director appointment · Other statement
21-05
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
21-05
State Gazette act
General meeting · Permanent representative
Other statement · Director resignation
21-05
State Gazette act
General meeting · Permanent representative
Other statement · Director resignation
2025
31-12
Financial
Highest result since 2018net €958,466 ▲138%
Operating result €707,388, net result €958,466, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €105,497
Net result €105,497 after 3 loss-making years.
15-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
31-12
Financial
Weakest financial yearnet -€276,326
Net result drops to -€276,326, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 55 days late
2017
16-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 108 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, De Haan · 1 establishment unit since 1996
Ground area
958 m²
Building footprint
161 m²
Volume, LiDAR
907 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
New Vennepark
since 19962.075.216.218
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35007A0002/00E012 ProtectedTownscape or village viewDe Haan Concessie: uitbreiding tot hele vroegere ConcessieSource ↗ |
Flanders | 814 m² | 1 · 161 m² | 9.3 m · 2 fl. |
| 31038A0115/00F000 | Flanders | 144 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
3 holdings · 4 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
76.92%
-
32%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
JOYE COMPANY 100%2 subsidiaries
- NEW VENNEPARK 100%
- Joye Invest 68%
- IMMOGROEP JOYE 76.92%
According to the 2025 annual accounts of A&C HOLDING and those 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.
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Of 122 companies in sector 55202 we hold annual accounts for 83. 22 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
Founded18-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
55202Accommodation
55300Accommodation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456850006
Also
9925:BE0456850006
Registered
30-10-2025
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.