ACCORBEX - INVEST

Active

Public limited companyfounded 1988active for 38 yearsSantvoortbeeklaan 18, 2100 Antwerpen, BelgiumKBO/BCE: BE 0435.147.146

Summary

ACCORBEX - INVEST has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €407,559 and a net result of -€11,092. Equity remains stable across the filed financial years (±0.4% per year). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

ACCORBEX - INVESTActiveChecked score 85/100

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€4.2mtotal assets 2025

Equity: €407,559
Loss: -€11,092

Financial health

85 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.2%

Structure

Parent: SWATOW · 63.77%
Board: 4 members

CHEUNG Wai KwongManaging director

2025 accounts 1 day early1 of 5 deeds summarised

Why 85raises riskLiquidity: current ratio 1.87, cash €4,350, halvedEquity €407,559 (9.6% of total assets)lowers riskSize: total assets €4.2mFounded in 1988Show the evidence

Checked score

Score 2025

85 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 22% of its sector peers (no NACE code, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 35+2

equity 9.6% of total assets

Liquidity 30+3

short-term debt 41.5% · cash 0.1%

Profitability 32+4

return on assets -0.3%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025highest value 09-2025: 0.1%▼ -0.3 percentage points vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026

Credit of up to €30,000 on 30-day terms is acceptable

Liquidity ample (current ratio 1.87, compared with 1.62 in 2024, above the usual 1.5; short-term debt: 41.5% and cash: 0.1% of total assets), but 90.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small): better than 20% on solvency, 20% on liquidity, 22% on profitability and 26% on growth.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Size: total assets €4.2m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 1.87, cash €4,350, halved

NBB · annual accounts

Founded in 1988

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Equity €407,559 (9.6% of total assets)

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€11,092

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

1 day early

2024

1 day early

2023

5 days early

2022

31 days early

2021

2 days early

2020

2 days early

2019

21 days late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 7 accounts on average 3 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

30-07-2026 Annual accounts filedfinancial year 2025 · full…
30-07-2025 Annual accounts filedfinancial year 2024 · abbreviated…
26-07-2024 Annual accounts filedfinancial year 2023 · abbreviated…

Key points

Risk: 3 loss-making years in a rowloss financial year 2025 -€11,092 View
Controlled by SWATOW 63.77% View
Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

By topic

Financials

Financial year: 2025
Total assets: €4.2m
Loss: -€11,092
Solvency: 9.6%

Total assets▼ 14.5%

Net result

20182025

Go to Financials

Board & ownership

Board: 4 members
Parent: SWATOW · 63.77%

CHEUNG CarmenDirector
CHEUNG Cindy Ka YanDirector
CHEUNG Wai KwongManaging director
LAI Miu KuenManaging director

Go to Board & ownership

Network & group

Connected companies: 3

Go to Network & group

Timeline

Events: 38
Since: 1992
Next accounts: by 31-07-2027

31-12-2023Weakest financial year
08-09-2023Resignations: FARMAFLEX, NEW WORLD and CHEUNG Wai…
30-06-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Founded: 03-07-1988
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 8

Who signs: A managing director alone
Annual meeting: First Friday of June at 18:00

Go to Articles of association

Key facts about ACCORBEX - INVEST

What is the company number of ACCORBEX - INVEST?: 0435.147.146. In Belgium the VAT number is the company number with BE in front: BE 0435.147.146.
Where is ACCORBEX - INVEST based?: The registered office is at Santvoortbeeklaan 18, 2100 Antwerpen.Company details
What is the legal form of ACCORBEX - INVEST?: Public limited company (NV).
When was ACCORBEX - INVEST founded?: On 03-07-1988.
Is ACCORBEX - INVEST still active?: Yes, ACCORBEX - INVEST is an active enterprise in the KBO register.
What is the turnover of ACCORBEX - INVEST?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is ACCORBEX - INVEST profitable?: In financial year 2025, ACCORBEX - INVEST made a loss of €11,092.
Where can I find the annual accounts of ACCORBEX - INVEST?: ACCORBEX - INVEST filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ACCORBEX - INVEST due?: By 31-07-2027, for financial year 2026.Timeline