Result
€726,058 ▼ 35.8%
The result fell in 2021 from €1.1m to €726,058.
ACCELERATION
Overview
Lifetime
4 annual accounts with figures on one time axispeak €361,096 (2018)
€314,662▲ 81.0%
peak €1.1m (2020)
€726,058▼ 35.8%
peak €2.4m (2021)
€2.4m▲ 43.9%
€3.2m▼ 17.8%
Board6 names since 2017
2 directorsEXILO and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
20-05-202272 days before the deadline
2021abbreviated format
Gross margin from €173,819 to €314,662Result from €1.1m to €726,058Merger proposal: ACCELERATION takes over MINT EUROPE 22-11Registered office moved from Sint-Martens-Latem to Kortrijk 01-09Merger: ACCELERATION takes over MINT PARTNERS 04-02Equity from €1.7m to €2.4m
Key points
from the 2021 annual accounts, the last ones filedFilings
4 annual accounts since 2018
The last four annual accounts were filed 25 to 72 days before the end of the period.
No score
Recent changes
Merger: ACCELERATION takes over MINT EUROPE
General meeting of 30-12-2021 · Gazette deed
Merger: absorbed by MOORE STRATEGY & OPERATIONS
General meeting of 30-12-2021 · Gazette deed
Merger proposal: ACCELERATION takes over MINT EUROPE
Permanent representative: Luc De Muynck · The company holds all the shares of MINT EUROPE · MOORE STRATEGY & OPERATIONS BV holds 10,000 shares (100%) · Gazette deed
Registered office moved from Sint-Martens-Latem to Kortrijk
New registered office: Cotton Park, Spinnerijstraat 99 bus 16, 8500 Kortrijk · Previous registered office: Kortrijksesteenweg 90 bus B, 9830 Sint-Martens-Latem · Resignations: THINK2ACT PARTNERS BV, RHUBIKON BV, Ranelagh CommV and VANSTA INVEST BV · Board meeting of 11-08-2021 · Gazette deed
Official details
Source: KBO- Status
- Absorbed by MOORE STRATEGY & OPERATIONSmerger by absorption, January 2022
- Activity
- “Alle activiteiten in de ruimste zin van het woord met betrekking tot adviesverlening, consultancy…” (deed in Dutch)From the articles, 14 activitiesNo NACE code in the KBO yet
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2021
- €314,662▲ 81.0%
- ≈ €740,000estimated
- €726,058▼ 35.8%
- €2.4m▲ 43.9%
- €5.6m▲ 0.4%
- Filing
- Filed on 20-05-2022
Insights on ACCELERATION
Absorbed by MOORE STRATEGY & OPERATIONS in January 2022. The last annual accounts are for financial year 2021. The company was dissolved without liquidation.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2021
abbreviated format, filed on 20-05-2022, 72 days before the deadline€314,662
▲ 81.0%
€314,561
▲ 81.3%
€726,058
▼ 35.8%
-€3.1m
▼ €1.8m
42.4%
▲ 12.8 percentage points
0.04
▼ 0.04
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €740,000. Estimated: probably between €450,000 and €1.3m.
Balance sheet
balance sheet total €5.6m on 31-12-2021What the company ownsHow it is paid for
in €m
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
5.6m | 5.6m | 2.6m | 2.6m | |
21/28 |
5.5m | 5.5m | 1.2m | 1.2m | |
28 |
5.5m | 5.5m | 1.2m | 1.2m | |
29/58 |
141,032 | 118,169 | 1.4m | 1.3m | |
29 |
135,639 | 89,791 | 1.4m | 1.3m | |
291 |
135,639 | 89,791 | 1.4m | 1.3m | |
40/41 |
26 | - | - | - | |
41 |
26 | - | - | - | |
54/58 |
5,367 | 28,378 | 8,079 | 29,273 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
5.6m | 5.6m | 2.6m | 2.6m | |
10/15 |
2.4m | 1.7m | 1.3m | 1.2m | |
10/11 |
1.0m | 1.0m | 1.0m | 1.0m | |
10 |
1.0m | - | - | - | |
100 |
1.0m | 1.0m | 1.0m | 1.0m | |
13 |
1.4m | 655,671 | 274,269 | 184,310 | |
130/1 |
100,000 | 70,500 | - | - | |
130 |
100,000 | 70,500 | 13,750 | 9,250 | |
133 |
1.3m | 585,171 | 260,519 | 175,060 | |
14 |
0 | - | - | - | |
17/49 |
3.2m | 3.9m | 1.3m | 1.4m | |
17 |
0 | 2.5m | 1.3m | 1.3m | |
170/4 |
0 | 2.5m | 1.3m | 1.3m | |
42/48 |
3.2m | 1.4m | 62,553 | 120,482 | |
42 |
0 | 500,000 | - | - | |
43 |
0 | 29,500 | - | - | |
439 |
0 | 29,500 | - | - | |
44 |
165,638 | 46,577 | 15,125 | 16,062 | |
440/4 |
165,638 | 46,577 | 15,125 | 16,062 | |
45 |
36,264 | 81,000 | 47,428 | 104,420 | |
450/3 |
36,264 | 81,000 | 47,428 | 104,420 | |
47/48 |
3.0m | 750,000 | - | - | |
492/3 |
0 | 35,973 | 26,042 | 26,042 | |
| Income statement | |||||
9900 |
314,662 | 173,819 | 180,532 | 361,096 | |
630 |
- | - | - | 3,376 | |
640/8 |
101 | 300 | 98 | 96 | |
9901 |
314,561 | 173,519 | 180,434 | 357,623 | |
75/76B |
500,000 | 1.1m | 10,085 | 10,478 | |
75 |
500,000 | 1.1m | 10,085 | 10,478 | |
65/66B |
10,532 | 70,417 | 62,773 | 88,859 | |
65 |
10,532 | 70,417 | 62,773 | 88,859 | |
9903 |
804,030 | 1.2m | 127,747 | 279,242 | |
67/77 |
77,971 | 28,300 | 37,787 | 94,932 | |
9904 |
726,058 | 1.1m | 89,959 | 184,310 | |
9905 |
726,058 | 1.1m | 89,959 | 184,310 | |
| Appropriation of the result | |||||
9906 |
726,058 | 1.1m | 89,959 | 184,310 | |
691/2 |
726,058 | 381,402 | 89,959 | 184,310 | |
6920 |
29,500 | 56,750 | 4,500 | 9,250 | |
6921 |
696,558 | 324,652 | 85,459 | 175,060 | |
694/7 |
0 | 750,000 | - | - | |
694 |
0 | 750,000 | - | - | |
| Document | |||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2021 (PDF), filed on 20-05-2022.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| - | - | - | 361,000 | ||
| - | - | - | 187,686 | ||
| - | 4.2m | - | 1.2m | ||
| -23,011 | 20,299 | -21,194 | - | ||
| -3.1m | -1.3m | 1.3m | 1.2m | ||
| 42.4% | 29.6% | 48.8% | 45.9% | ||
| 0.04 | 0.08 | 22.03 | 11.17 | ||
| 1.36 | 2.38 | 1.05 | 1.18 | ||
| 30.5% | 68.3% | 7.1% | 15.6% | ||
| 12.9% | 20.2% | 3.4% | 7.1% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on ACCELERATION
The operating result for 2021 is 81% higher than in 2020 and the highest since 2018. It is a recovery after the fall in 2020.
Debt's share of the balance-sheet total falls from 70.4% to 57.6%. Equity is higher and debt is lower.
Board & ownership
Last board
2 directors, 2 in day-to-day management, last change in 2021EXILO BV
Director and managing director, permanent representative Luc De Muynck
director since 06-07-2021
managing director appointed by deed of 01-09-2021
term without a fixed end
also on the board of 7 other companies
listed in the 2021 annual accounts, filed on 20-05-2022
Director and managing director
director since 06-07-2021
managing director appointed by deed of 01-09-2021
term without a fixed end
listed in the 2021 annual accounts, filed on 20-05-2022
- EXILO, Hans Cools
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Two directors jointly, or a managing director alonedeed of 01-09-2021
Permanent representatives 1
Mandates through the years
6 names, the dashed line is todayEXILO
Director, Managing director
Director, Managing director
Hans Cools
Director, Managing director
Director, Managing director
Ranelagh
Director
Director
Rhubikon
Director
Director
THINK2ACT PARTNERS
Director
Director
VANSTA INVEST
Director
Director
LeadershipBoardEarlier
Mandates as a list
- EXILO
- Director, from 06-07-2021 to date
- Managing director, appointed by deed of 01-09-2021, still in office
- Hans Cools
- Director, from 06-07-2021 to date
- Managing director, appointed by deed of 01-09-2021, still in office
- Ranelagh
- Director, from 01-08-2017 to 01-09-2021
- Rhubikon
- Director, from 04-07-2017 to 01-09-2021
- THINK2ACT PARTNERS
- Director, from 04-07-2017 to 01-09-2021
- VANSTA INVEST
- Director, from 01-08-2017 to 01-09-2021
Control
Shareholder
This company
ACCELERATION
Equity €2.4m
Profit €726,058 in 2021
Capital
- Capital
- €1,000,000
- Shares
- 10,000
- Contribution per share
- €100
- Equity per share
- €238 in 2021
- Source
- deed of 22-11-2021
Owners through the years
as the annual accounts name themOwners as a list
- Moore Strategy & Operations
- THINK2ACT CAPITAL
Source: lists of holdings in the owners' accounts
Capital transactions
Shareholders according to the deeds
Stated in the deed
deed of 22-11-2021 ↗
- MOORE STRATEGY & OPERATIONS BV (BE 0897.152.010) 10,000 shares · 100%
Capital over time
- 22-11-2021 Capital stated in 2 deeds · €1,000,000 · 10,000 shares
Network & group
Earlier ties
| Mentor and Men via EXILO, no longer at Mentor and Men · Director · deed of 16-11-2023 No longer active |
12 FTE (2023) |
Holdings and subsidiaries
Holdings 0
See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.
Former holdings (1)
This company merged into ACCELERATION on 01-01-2022.
-
100%
Holdings through the years 2018 to 2021
| Name | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| MINT EUROPE | 0.25% | 100% | ||
| MINT PARTNERS | 100% | |||
Source: list of holdings in its own accounts
Board mandates elsewhere
1 board mandateBoard mandates of ACCELERATIONACCELERATION sits on their board1
Acquisitions and mergers
2 transactionsTook over:MINT EUROPE
Taken over by:MOORE STRATEGY & OPERATIONS
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
→
Moore Corporate Finance
via EXILO · Managing director · deed of 28-05-2026
Founded in 1998 · 15 FTE (2025) · group MOORE BELGIUM GROUP, AFGEKORT : MBG
→
Moore Interim Management
via EXILO · Managing director · deed of 21-05-2024
Founded in 2016 · 5.3 FTE (2025) · group MOORE BELGIUM GROUP, AFGEKORT : MBG
→
→
Timeline
Timeline
14 events since 2017Board
Capital
Filings
Financial
Address
20182020202220242026
2022
Annual accounts 2021 filed PDFabbreviated format · 72 days before the deadline
- General meeting, 30-12-2021
- Accounting effect, 01-01-2022
- The deed holds 3 more points.
- General meeting, 30-12-2021
- Accounting effect, 01-01-2022
- Power of attorney, Julie De Roy
- Power of attorney, Bert Lutin
- The deed holds 6 more points.
2021
Equity above €2m equity €2.4m ▲43.9% With a profit in every financial year since 2018, equity grows to €2.4m.
Merger proposal: ACCELERATION takes over MINT EUROPEPermanent representative: Luc De Muynck · The company holds all the shares of MINT EUROPE · MOORE STRATEGY & OPERATIONS BV holds 10,000 shares (100%)10 points ▸
- Capital, €61,920, 1,200 shares
- The company holds all the shares of MINT EUROPE
- Board composition, EXILO BV (managing director), mentioned 4 times in the deed
- Board composition, Hans Cools (managing director), mentioned 4 times in the deed
- Permanent representative, Luc De Muynck, mentioned 4 times in the deed
- MOORE STRATEGY & OPERATIONS BV holds 10,000 shares (100%)
- Accounting effect, 01-01-2022, mentioned twice in the deed
- Real estate, MINT EUROPE
- Capital, €1,000,000, 10,000 shares
- MOORE BELGIUM BV holds 1,860 shares (100%)
- The deed holds 31 more points.
Registered office moved from Sint-Martens-Latem to KortrijkNew registered office: Cotton Park, Spinnerijstraat 99 bus 16, 8500 Kortrijk · Previous registered office: Kortrijksesteenweg 90 bus B, 9830 Sint-Martens-Latem · Resignations: THINK2ACT PARTNERS BV, RHUBIKON BV, Ranelagh CommV and VANSTA INVEST BV · Board meeting of 11-08-202127 points ▸
- General meeting, 06-07-2021
- Director resignation, THINK2ACT PARTNERS BV
- Director resignation, RHUBIKON BV
- Director resignation, Ranelagh CommV
- Director resignation, VANSTA INVEST BV
- Permanent representative, Jo Breesch
- Permanent representative, Koen Verhelst
- Permanent representative, Kelly Aylward
- Permanent representative, Sonja Vancrayenest
- Director discharge, THINK2ACT PARTNERS BV
- Director discharge, RHUBIKON BV
- Director discharge, Ranelagh CommV
- Director discharge, VANSTA INVEST BV
- Director appointment, EXILO BV
- Director appointment, Hans Cools
- Board composition, EXILO BV (director)
- Board composition, Hans Cools (director)
- Board meeting, 06-07-2021
- Director appointment, EXILO BV (managing director)
- Director appointment, Hans Cools (managing director)
- Permanent representative, Luc De Muynck
- Board composition, EXILO BV (managing director)
- Board composition, Hans Cools (managing director)
- Power of attorney, Kelly Aylward
- Power of attorney, Sonja Vancrayenest
- Registered-office move, Cotton Park, Spinnerijstraat 99 bus 16, 8500 Kortrijk
- Board meeting, 11-08-2021
Annual accounts 2020 filed PDFabbreviated format · 44 days before the deadline
Merger: ACCELERATION takes over MINT PARTNERSThe company holds all the shares of MINT PARTNERS · General meeting of 18-12-20205 points ▸
- General meeting, 18-12-2020
- Merger, 01-10-2020
- Accounting effect, 01-10-2020
- The company holds all the shares of MINT PARTNERS
- Power of attorney, Titeca Accountancy Roeselare
- The deed holds 3 more points.
2020
Highest result from 2018 to 2021 net €1.1m ▲1,158% The net result of €1.1m is the highest of those years.
Merger proposal: Acceleration takes over MINT PARTNERSPermanent representatives: Kelly AYLWARD, Sonja VANCRAYENEST, Jo BREESCH and Koen VERHELST · “1. het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van…” (deed in Dutch)16 points ▸
- Capital, €425,000, 10,000 shares
- Board composition, RANELAGH (managing director)
- Permanent representative, Kelly AYLWARD, mentioned twice in the deed
- Board composition, BV VANSTA INVEST (managing director), mentioned twice in the deed
- Permanent representative, Sonja VANCRAYENEST
- Capital, €1,000,000, 10,000 shares
- Board composition, BV THINK2ACT PARTNERS (director)
- Permanent representative, Jo BREESCH (director)
- Board composition, BV RHUBIKON (managing director)
- Permanent representative, Koen VERHELST (managing director)
- Board composition, COMM.VA RANELAGH (managing director)
- Permanent representative, Kelly AYLWARD (managing director)
- Permanent representative, Sonja VANCRAYENEST (managing director)
- Board composition, COMM.VA RANELAGH (director)
- Board composition, BV VANSTA INVEST (director)
- Accounting effect, 01-10-2020
- The deed holds 9 more points.
Annual accounts 2019 filed PDFabbreviated format · 25 days before the deadline
2019
Weakest financial year net €89,959 ▼51.2% The net result drops to €89,959, the lowest from 2018 to 2021.
Annual accounts 2018 filed PDFabbreviated format · 37 days before the deadline
2017
Incorporation PDF8 publications in the Belgian Official Gazette, the last on 25-01-2022
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
In 2021 the registered office moved to Kortrijk.1 MINT EUROPE was merged into ACCELERATION in 2022.2 In 2022 the company was absorbed by merger into MOORE STRATEGY & OPERATIONS.3
Company details
Purpose according to the articles of association
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Alle activiteiten in de ruimste zin van het woord met betrekking tot adviesverlening, consultancy en management in het algemeen en in…”
14 activities
- Alle activiteiten in de ruimste zin van het woord met betrekking tot adviesverlening, consultancy en management in het algemeen en in diverse sectoren en onder meer in het bijzonder in de bedrijfseconomische sector, omvattende onder meer maar niet uitsluitend:
- Holding activiteiten, omvattende onder meer:
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend en/of roerend vermogen, in de ruimste zin van het woord, en het stellen van alle daarmee rechtstreeks of onrechtstreeks gerelateerde verrichtingen van welke aard ook en waaronder onder meer:
- Adviesbureau op het gebied van bedrijfsvoering en beheer waaronder onder meer maar niet uitsluitend het verlenen van advies en praktische hulp aan bedrijven in verband met public relations en communicatie, het verienen van adviezen en hulp aan het bedrijfsleven en de overheid op gebied van onder meer planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan de bedrijfsleiding, het berekenen van de kosten en baten van de voorgestelde maatregelen op het gebied van planning, organisatie en efficiëntie, het verlenen van adviezen op het gebied van beheer in het algemeen;
- Managementactiviteiten in het algemeen waaronder onder meer het tussenkomen in het dagelijks bestuur en het vertegenwoordigen van bedrijven door onder meer het uitoefenen van mandaten van bestuurder, zaakvoerder, directeur of vereffenaar;
- Studie-, organisatie en raadgevend bureau inzake financiële, handels-, bedrijfseconomische of sociale aangelegenheden met inbegrip van alle handelingen die verband houden met advies, documentatie en publicatie over juridische, sociale, economische en financiële problemen;
- Het begeleiden van bedrijven op het gebied van handel, nijverheid en administratie, het verrichten van secretariaatswerkzaamheden, het domiciliëren van bedrijven, het ter beschikking stellen van kantoren, magazijnen en fabricageruimten, het verrichten van voorbereidende studies en adviezen op gebied van management, bedrijfsvoering, economische wetgeving, marketing, export en import, het drukken en uitgeven van studies, rapporten en het verlenen van hulp aan bedrijven in oprichting of bij overname van bestaande bedrijven, zenden en ontvangen van post en meer in het algemeen alles te doen wat de oprichting, de uitbating of het beheer van de bedrijven van nut kan zijn.
- Het door middel van inschrijving, inbreng, fusie, samenwerking, financiële tussenkomst of anderszins verwerven van een belang of deelneming in alle bestaande of nog op te richten bedrijvigheden, vennootschappen of verenigingen in België of in het buitenland zonder onderscheid;
- Het beheren, valoriseren, verkopen, te gelde maken of anderszins vervreemden van deze participaties of belangen;
- Alle financiële transacties en financiële overeenkomsten, behoudens deze activiteiten die wettelijk voorbehouden zijn aan spaar- en depositobanken en aan vennootschappen voor vemogensbeheer en beleggingsadvies;
- Het rechtstreeks of onrechtstreeks deeinemen aan het bestuur, de directie, de controle en vereffening van de vennootschappen waarin zij een belang of deelneming heeft en in het algemeen alle verrichtingen die rechtstreeks of onrechtstreeks, geheel of gedeeltelijk verband houden met de activiteiten van een holding.
- Alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals onder meer erfpacht- en opstalrechten en de huur- en leasefinanciering van onroerende goederen aan derden, het aankopen en verkopen zowel in volle eigendom als in vruchtgebruik en/of blote eigendom, ruilen, doen bouwen, doen verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, de aan- en verkoop, huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen;
- De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke roerende goederen en/of zakelijke rechten, in het kort tussenpersoon in de handel;
- Het ontwikkelen, kopen, verkopen, in licentie nemen en afgeven van octrooien, knowhow en aanverwante immateriële duurzame activa.
Articles of association, deed of 22-11-2021 (in Dutch)
Inactive
Absorbed by MOORE STRATEGY & OPERATIONS in January 2022
ACCELERATION is no longer in the KBO register. MOORE STRATEGY & OPERATIONS took it over in a merger by absorption, published in the Belgian Official Gazette on 25 January 2022.
- Status
- Inactive
- Reason
- Merger by absorption"operation treated as a merger by absorption", Belgian Official Gazette, 25 January 2022 · deed
- Absorbed by
- MOORE STRATEGY & OPERATIONS · 0897.152.010
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Spinnerijstraat 99, Bus 16, 8500 Kortrijkas published on 25 January 2022
- Legal form
- Public limited company
- First annual accounts
- financial year 2018