ACALIN
ActiveSummary
ACALIN has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.4m and a net result of €27,210. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-35
Solvency85▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280,000 at 30 days acceptable
Liquidity ample (current ratio 2.59 against 3.16 in 2024; short-term debt: 26.7% and cash: 7.2% of total assets), and 40.4% of the assets are financed with debt.
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Signals
Six 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
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
59.6%
Return on assets
0.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
7 d late
2024
24 d early
2023
7 d early
2022
47 d early
2021
53 d early
2020
2 d early
2019
59 d late
← 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 10 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#9 company by equity in Ans, Wholesale and retail trade sector
Turnover
€0
EBIT margin
Not included in this filing
Net result
€27,210▼ 79.7%
2024 · €134,215
Working capital
€3.2m▼ 17.3%
2024 · €3.8m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€318,765▲ 1,350%€714,448▲ 124%€174,408▼ 75.6%€213,378▲ 22.3%€29,016▼ 86.4%
Net result€253,574▲ 1,492%€529,756▲ 109%€150,105▼ 71.7%€134,215▼ 10.6%€27,210▼ 79.7%
Equity€3.9m▲ 6.9%€4.2m▲ 7.1%€4.3m▲ 2.4%€4.4m▲ 1.9%€4.4m▲ 0.6%
Total assets€5.9m▲ 15.7%€6.0m▲ 1.5%€5.9m▼ 2.5%€6.5m▲ 10.8%€7.4m▲ 14.6%
Debt€2.0m▲ 38.4%€1.8m▼ 9.7%€1.5m▼ 13.9%€2.1m▲ 35.6%€3.0m▲ 44.2%
Working capital€3.7m▲ 7.9%€4.1m▲ 8.4%€4.1m▲ 1.8%€3.8m▼ 7.3%€3.2m▼ 17.3%
Staff (FTE)12.2▲ 8.9%12.5▲ 2.5%12.5=12.9▲ 3.2%15.2▲ 17.8%
Why a figure moved sharply
- 2025 Net result -80% on 2024. Cause not known from the registers.
- 2023 Net result -72% on 2022. Cause not known from the registers.
- 2022 Net result +109% on 2021. Cause not known from the registers.
- 2021 Net result +1,492% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 86% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.4m
Fixed assets
€2.3m ▲ 154%
Current assets
€5.2m ▼ 7.9%
Equity and liabilities €7.4m
Equity
€4.4m ▲ 0.6%
Debt
€3.0m ▲ 44.2%
Debt's share of the balance-sheet total rises from 32.1% to 40.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€137,547▼
2024 · €292,447
Cash flow
€135,742▼
2024 · €213,283
Current ratio
2.59▼
2024 · 3.16
Quick ratio
1.54▼
2024 · 2.08
Debt to equity
0.68▲
2024 · 0.47
ROE
0.6%▼
2024 · 3.0%
ROA
0.4%▼
2024 · 2.1%
Interest coverage
2.00▼
2024 · 15.06
Debt ≤ 1 year
€2.0m▲
2024 · €1.8m
Debt > 1 year
€1.0m▲
2024 · €318,928
Income taxes
€7,106▼
2024 · €53,554
Staff costs
€1.0m▲
2024 · €865,844
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 14,684 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7,251 | €14,634 | €25,736 | ▲ 75.9% |
| Remuneration, social security and pensions62 | €708,522 | €705,912 | €790,770 | €865,844 | €1.0m | ▲ 20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €86,478 | €77,147 | €91,888 | €79,069 | €108,532 | ▲ 37.3% |
| Other operating charges640/8 | €18,699 | €22,096 | €26,122 | €23,473 | €39,476 | ▲ 68.2% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €1.1m | €1.5m | €1.1m | €1.2m | €1.2m | ▲ 3.2% |
| Operating profit (loss)9901 | €318,765 | €714,448 | €174,408 | €213,378 | €29,016 | ▼ 86.4% |
| Financial income75/76B | €52,170 | €37,366 | €58,767 | €59,243 | €74,214 | ▲ 25.3% |
| Recurring financial income75 | €52,170 | €37,366 | €58,767 | €59,243 | €74,214 | ▲ 25.3% |
| Financial charges65/66B | €18,522 | €20,759 | €18,817 | €84,852 | €68,913 | ▼ 18.8% |
| Recurring financial charges65 | €18,522 | €20,759 | €18,817 | €19,425 | €68,913 | ▲ 255% |
| Non-recurring financial charges66B | - | - | - | €65,427 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €352,412 | €731,055 | €214,358 | €187,769 | €34,316 | ▼ 81.7% |
| Income taxes67/77 | €98,839 | €201,299 | €64,253 | €53,554 | €7,106 | ▼ 86.7% |
| Profit (loss) for the period9904 | €253,574 | €529,756 | €150,105 | €134,215 | €27,210 | ▼ 79.7% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €253,574 | €529,756 | €150,105 | €134,215 | €27,210 | ▼ 79.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.9m | €6.0m | €5.9m | €6.5m | €7.4m | ▲ 14.6% |
| Fixed assets21/28 | €228,103 | €204,439 | €221,387 | €901,531 | €2.3m | ▲ 154% |
| Intangible fixed assets21 | €25,485 | €13,322 | €32,995 | €42,550 | €83,378 | ▲ 96.0% |
| Tangible fixed assets22/27 | €202,548 | €191,047 | €188,322 | €858,911 | €2.2m | ▲ 157% |
| Land and buildings22 | €94,242 | €125,077 | €115,466 | €95,945 | €2.1m | ▲ 2,092% |
| Furniture and vehicles24 | €108,306 | €65,970 | €72,855 | €114,162 | €104,395 | ▼ 8.6% |
| Assets under construction and advance payments27 | - | - | - | €648,805 | €0 | ▼ 100% |
| Financial fixed assets28 | €70 | €70 | €70 | €70 | €70 | = |
| Current assets29/58 | €5.7m | €5.8m | €5.6m | €5.6m | €5.2m | ▼ 7.9% |
| Amounts receivable after more than one year29 | €1.8m | €1.8m | €1.6m | €1.5m | €1.0m | ▼ 33.4% |
| Other amounts receivable291 | €1.8m | €1.8m | €1.6m | €1.5m | €1.0m | ▼ 33.4% |
| Stocks and contracts in progress3 | €1.4m | €1.2m | €1.8m | €1.9m | €2.1m | ▲ 8.8% |
| Stocks30/36 | €1.4m | €1.2m | €1.8m | €1.9m | €2.1m | ▲ 8.8% |
| Amounts receivable within one year40/41 | €1.9m | €1.7m | €1.2m | €1.6m | €1.5m | ▼ 6.8% |
| Trade receivables40 | €1.9m | €1.7m | €1.2m | €1.6m | €1.5m | ▼ 6.9% |
| Other amounts receivable41 | €0 | €5,723 | €7,500 | €9,007 | €10,074 | ▲ 11.8% |
| Current investments50/53 | - | - | €500,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €620,606 | €1.1m | €544,790 | €542,514 | €536,666 | ▼ 1.1% |
| Deferred charges and accrued income490/1 | €8,880 | €10,411 | €10,326 | €11,166 | €19,609 | ▲ 75.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.9m | €6.0m | €5.9m | €6.5m | €7.4m | ▲ 14.6% |
| Equity10/15 | €3.9m | €4.2m | €4.3m | €4.4m | €4.4m | ▲ 0.6% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €977,750 | €977,750 | €977,750 | €977,750 | €977,750 | = |
| Non-distributable reserves130/1 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Legal reserve130 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Tax-exempt reserves132 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | €951,500 | €951,500 | €951,500 | €951,500 | €951,500 | = |
| Profit (loss) carried forward14 | €2.9m | €3.2m | €3.3m | €3.4m | €3.4m | ▲ 0.8% |
| Amounts payable17/49 | €2.0m | €1.8m | €1.5m | €2.1m | €3.0m | ▲ 44.2% |
| Amounts payable after more than one year17 | €25,221 | €35,469 | €25,562 | €318,928 | €1.0m | ▲ 218% |
| Financial debts170/4 | €25,221 | €35,469 | €25,562 | €318,928 | €1.0m | ▲ 218% |
| Amounts payable within one year42/48 | €2.0m | €1.8m | €1.5m | €1.8m | €2.0m | ▲ 12.5% |
| Current portion of amounts payable after more than one year42 | €40,238 | €34,952 | €9,907 | €60,468 | €99,688 | ▲ 64.9% |
| Financial debts43 | €529,219 | €0 | - | - | €900,000 | - |
| Credit institutions430/8 | €529,219 | €0 | - | - | €900,000 | - |
| Trade debts44 | €1.2m | €1.3m | €1.3m | €1.5m | €788,062 | ▼ 47.4% |
| Suppliers440/4 | €1.2m | €1.3m | €1.3m | €1.5m | €788,062 | ▼ 47.4% |
| Taxes, remuneration and social security45 | €190,556 | €178,633 | €174,074 | €159,855 | €200,889 | ▲ 25.7% |
| Taxes450/3 | €88,391 | €108,107 | €75,758 | €79,277 | €95,338 | ▲ 20.3% |
| Remuneration and social security454/9 | €102,165 | €70,526 | €98,316 | €80,578 | €105,551 | ▲ 31.0% |
| Other amounts payable47/48 | - | €250,000 | €50,000 | €50,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €1,164 | €0 | - | - | €5,985 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €253,574 | €529,756 | €150,105 | €134,215 | €27,210 | ▼ 79.7% |
| + Depreciation and write-downs630 | €86,478 | €77,147 | €91,888 | €79,069 | €108,532 | ▲ 37.3% |
| Operating cash flow (approximation) | €340,051 | €606,902 | €241,993 | €213,283 | €135,742 | ▼ 36.4% |
| Investment in fixed assets (approximation) | - | -€53,483 | -€108,836 | -€759,213 | -€1.5m | ▼ 97.3% |
| Change in cash | - | €493,266 | -€569,082 | -€2,277 | -€5,848 | ▼ 157% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 7 days late
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €529,756 ▲109%
Operating result €714,448, net result €529,756, both a record.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €15,931 ▼76%
Net result drops to €15,931, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Ans · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Bonne-Fortune 1024430 Ans1 establishment unit
Rue Bonne-Fortune 102, 4430 Ans
since 19932.061.866.939
Structure & network
Owners and holdings
2 ownersChain of control
- FORTUNAC
- ACALIN
Highest known parent: FORTUNAC. The sources do not say who stands above it.
Owners 2
- FORTUNACparent99.85%
- SANCOFAparentSourceaccounts SANCOFA 202599.85%
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.
Recognitions · licences · registrations
Legal Entity Identifier
894500TGVKZGCI16RU20
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Identification & contact
Identification
Legal formPublic limited company
Founded31-03-1993
Fiscal year end31-12
Activities, NACEBEL 2025
46120Wholesale trade
46820Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449791275
Also
9925:BE0449791275
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.