ACD TRANS
InactiveACD TRANS was declared bankrupt on 09-08-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 14-10-2025, published in the Belgian State Gazette on 07-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 09-01-2023, 527 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
527 d late
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
€19,276▲ 570%
2019 · €2,879
Total assets
€51,076▲ 407%
2019 · €10,079
Net result
€16,397
2019 · -€6,401
Working capital
€18,960▲ 1,421%
2019 · €1,247
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
Line201820192020
Operating result-€3,090--€4,857▼ 57.2%€18,986
Net result-€3,120--€6,401▼ 105%€16,397
Equity€9,280-€2,879▼ 69.0%€19,276▲ 570%
Total assets€11,985-€10,079▼ 15.9%€51,076▲ 407%
Debt€2,705-€7,200▲ 166%€31,800▲ 342%
Working capital€6,280-€1,247▼ 80.1%€18,960▲ 1,421%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €18,986 after a loss of €4,857 in 2019, the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €51,076
Fixed assets
€316 ▼ 80.6%
Current assets
€50,760 ▲ 501%
Equity and liabilities €51,076
Equity
€19,276 ▲ 570%
Debt
€31,800 ▲ 342%
Debt's share of the balance-sheet total falls from 71.4% to 62.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,301▲
2019 · -€2,542
Cash flow
€17,713▲
2019 · -€4,085
Current ratio
1.60▲
2019 · 1.17
Debt to equity
1.65
ROE
85.1%▲
2019 · -222.4%
ROA
32.1%▲
2019 · -63.5%
Interest coverage
52.74
Debt ≤ 1 year
€31,800▲
2019 · €7,200
Income taxes
€2,203
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,000 | €2,316 | €1,316 | ▼ 43.2% |
| Other operating charges640/8 | - | - | €385 | - |
| Gross operating margin9900 | €34,006 | €3,978 | €20,686 | ▲ 420% |
| Operating profit (loss)9901 | -€3,090 | -€4,857 | €18,986 | ▲ 491% |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | - | - | €0 | - |
| Financial charges65/66B | - | - | €385 | - |
| Recurring financial charges65 | €30 | €1,544 | €385 | ▼ 75.1% |
| Profit (loss) for the period before taxes9903 | -€3,120 | -€6,401 | €18,601 | ▲ 391% |
| Income taxes67/77 | - | - | €2,203 | - |
| Profit (loss) for the period9904 | -€3,120 | -€6,401 | €16,397 | ▲ 356% |
| Profit (loss) for the period to be appropriated9905 | -€3,120 | -€6,401 | €16,397 | ▲ 356% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €11,985 | €10,079 | €51,076 | ▲ 407% |
| Fixed assets21/28 | €3,000 | €1,632 | €316 | ▼ 80.6% |
| Tangible fixed assets22/27 | €3,000 | €1,632 | €316 | ▼ 80.6% |
| Furniture and vehicles24 | - | - | €316 | - |
| Current assets29/58 | €8,985 | €8,447 | €50,760 | ▲ 501% |
| Amounts receivable within one year40/41 | €7,876 | €8,133 | €50,461 | ▲ 520% |
| Trade receivables40 | - | - | €30,767 | - |
| Other amounts receivable41 | - | - | €19,694 | - |
| Cash at bank and in hand54/58 | €1,109 | €314 | €300 | ▼ 4.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €11,985 | €10,079 | €51,076 | ▲ 407% |
| Equity10/15 | €9,280 | €2,879 | €19,276 | ▲ 570% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€3,120 | -€9,521 | €6,876 | ▲ 172% |
| Amounts payable17/49 | €2,705 | €7,200 | €31,800 | ▲ 342% |
| Amounts payable within one year42/48 | €2,705 | €7,200 | €31,800 | ▲ 342% |
| Financial debts43 | - | - | €1,049 | - |
| Credit institutions430/8 | - | - | €1,049 | - |
| Trade debts44 | €1,082 | €2,155 | €16,081 | ▲ 646% |
| Suppliers440/4 | - | - | €16,081 | - |
| Advances received on contracts in progress46 | - | - | €2,654 | - |
| Taxes, remuneration and social security45 | - | - | €12,016 | - |
| Taxes450/3 | - | - | €12,016 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,120 | -€6,401 | €16,397 | ▲ 356% |
| + Depreciation and write-downs630 | €3,000 | €2,316 | €1,316 | ▼ 43.2% |
| Operating cash flow (approximation) | -€120 | -€4,085 | €17,713 | ▲ 534% |
| Investment in fixed assets (approximation) | - | -€947 | €0 | ▲ 100% |
| Change in cash | - | -€794 | -€15 | ▲ 98.1% |
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
07-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 14-10-2025
2024
03-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 09-08-2024
2023
09-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 527 days late
2020
31-12
Financial
Back to profitnet €16,397
Net result €16,397 after 2 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€6,401
Net result drops to -€6,401, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | POL MASSART CHAUSSEE DE LA HULPE, 110/5,
1000 FR BRUXELLES-VILLE |
09-08-2024 → 14-10-2025 |