ACDC IMMO
ActiveSummary
ACDC IMMO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€505,932) and a net result of -€175,925. Equity is shrinking by ~59.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▲+1
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.03 in 2024; short-term debt: 49% and cash: 1.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-28.6%
Return on assets
-9.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€505,932
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 26-02-2026, 155 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
155 d early
2024
49 d early
2023
90 d early
2022
87 d early
2021
102 d early
2020
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 86 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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, micro schema
Equity
-€505,932▼ 53.3%
2024 · -€330,007
Total assets
€1.8m▲ 87.5%
2024 · €944,236
Net result
-€175,925▼ 63.9%
2024 · -€107,362
Working capital
-€831,574▼ 68.4%
2024 · -€493,785
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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-€25,428▼ 9,922%-€68,816▼ 171%-€76,787▼ 11.6%-€76,717▲ 0.1%-€133,787▼ 74.4%
Net result-€40,900below the sector's middle half▼ 155%-€84,014below the sector's middle half▼ 105%-€101,714below the sector's middle half▼ 21.1%-€107,362below the sector's middle half▼ 5.6%-€175,925below the sector's middle half▼ 63.9%
Equity-€36,916below the sector's middle half-€120,931below the sector's middle half▼ 228%-€222,645below the sector's middle half▼ 84.1%-€330,007below the sector's middle half▼ 48.2%-€505,932below the sector's middle half▼ 53.3%
Total assets€310,934within the sector's middle half▼ 0.7%€419,586within the sector's middle half▲ 34.9%€469,180within the sector's middle half▲ 11.8%€944,236within the sector's middle half▲ 101%€1.8mabove the sector's middle half▲ 87.5%
Debt€347,850▲ 12.5%€540,517▲ 55.4%€691,825▲ 28.0%€1.3m▲ 84.2%€2.3m▲ 78.7%
Working capital-€25,406-€227,275▼ 795%-€339,204▼ 49.2%-€493,785▼ 45.6%-€831,574▼ 68.4%
Solvency-11.9%below the sector's middle half▼ 13.1pp-28.8%below the sector's middle half▼ 16.9pp-47.5%below the sector's middle half▼ 18.6pp-34.9%below the sector's middle half▲ 12.5pp-28.6%below the sector's middle half▲ 6.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €133,787 in 2025 against €76,717 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.7m ▲ 86.8%
Current assets
€35,410 ▲ 130%
Key figures and ratios
EBITDA
-€34,326▼
2024 · -€18,705
Cash flow
-€76,465▼
2024 · -€49,350
Current ratio
0.04▲
2024 · 0.03
Debt to equity
-4.50▼
2024 · -3.86
ROA
-9.9%▲
2024 · -11.4%
Interest coverage
-0.81▼
2024 · -0.61
Debt ≤ 1 year
€866,984▲
2024 · €509,213
Debt > 1 year
€1.4m▲
2024 · €765,029
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,170 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- negative equity
- a small loss
1.7%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 1,170 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,655 | €21,600 | €43,918 | €58,012 | €99,460 | ▲ 71.4% |
| Other operating charges640/8 | €2,005 | €1,995 | €2,181 | €2,251 | €2,253 | ▲ 0.1% |
| Gross operating margin9900 | -€11,768 | -€45,221 | -€30,687 | -€16,454 | -€32,073 | ▼ 94.9% |
| Operating profit (loss)9901 | -€25,428 | -€68,816 | -€76,787 | -€76,717 | -€133,787 | ▼ 74.4% |
| Financial charges65/66B | €15,473 | €15,199 | €24,927 | €30,645 | €42,139 | ▲ 37.5% |
| Recurring financial charges65 | €15,473 | €15,199 | €24,927 | €30,645 | €42,139 | ▲ 37.5% |
| Profit (loss) for the period before taxes9903 | -€40,900 | -€84,014 | -€101,714 | -€107,362 | -€175,925 | ▼ 63.9% |
| Profit (loss) for the period9904 | -€40,900 | -€84,014 | -€101,714 | -€107,362 | -€175,925 | ▼ 63.9% |
| Profit (loss) for the period to be appropriated9905 | -€40,900 | -€84,014 | -€101,714 | -€107,362 | -€175,925 | ▼ 63.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €310,934 | €419,586 | €469,180 | €944,236 | €1.8m | ▲ 87.5% |
| Fixed assets21/28 | €291,678 | €403,180 | €446,505 | €928,808 | €1.7m | ▲ 86.8% |
| Tangible fixed assets22/27 | €291,678 | €403,180 | €446,505 | €928,808 | €1.7m | ▲ 86.8% |
| Plant, machinery and equipment23 | - | €123,157 | €166,131 | €662,907 | €1.5m | ▲ 122% |
| Furniture and vehicles24 | - | - | €12,006 | €9,187 | €21,300 | ▲ 132% |
| Leasing and similar rights25 | €291,678 | €280,023 | €268,368 | €256,713 | €245,058 | ▼ 4.5% |
| Current assets29/58 | €19,256 | €16,406 | €22,675 | €15,428 | €35,410 | ▲ 130% |
| Amounts receivable within one year40/41 | €2,867 | €9,938 | €226 | - | €13,880 | - |
| Trade receivables40 | - | €2,837 | €226 | - | - | - |
| Other amounts receivable41 | €2,867 | €7,100 | - | - | €13,880 | - |
| Cash at bank and in hand54/58 | €16,388 | €6,468 | €22,449 | €15,428 | €21,530 | ▲ 39.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €310,934 | €419,586 | €469,180 | €944,236 | €1.8m | ▲ 87.5% |
| Equity10/15 | -€36,916 | -€120,931 | -€222,645 | -€330,007 | -€505,932 | ▼ 53.3% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€56,916 | -€140,931 | -€242,645 | -€350,007 | -€525,932 | ▼ 50.3% |
| Amounts payable17/49 | €347,850 | €540,517 | €691,825 | €1.3m | €2.3m | ▲ 78.7% |
| Amounts payable after more than one year17 | €303,188 | €296,836 | €329,946 | €765,029 | €1.4m | ▲ 84.2% |
| Financial debts170/4 | €303,188 | €296,836 | €329,946 | €765,029 | €1.4m | ▲ 84.2% |
| Amounts payable within one year42/48 | €44,662 | €243,681 | €361,879 | €509,213 | €866,984 | ▲ 70.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €66,283 | - |
| Trade debts44 | €18,150 | €2,657 | - | €82,406 | €20,641 | ▼ 75.0% |
| Suppliers440/4 | €18,150 | €2,657 | - | €82,406 | €20,641 | ▼ 75.0% |
| Taxes, remuneration and social security45 | - | - | €3,343 | €1,259 | - | - |
| Taxes450/3 | - | - | €3,343 | €1,259 | - | - |
| Other amounts payable47/48 | €26,512 | €241,024 | €358,536 | €425,548 | €780,060 | ▲ 83.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€40,900 | -€84,014 | -€101,714 | -€107,362 | -€175,925 | ▼ 63.9% |
| + Depreciation and write-downs630 | €11,655 | €21,600 | €43,918 | €58,012 | €99,460 | ▲ 71.4% |
| Operating cash flow (approximation) | -€29,245 | -€62,415 | -€57,796 | -€49,350 | -€76,465 | ▼ 54.9% |
| Investment in fixed assets (approximation) | - | -€133,102 | -€87,243 | -€540,315 | -€905,819 | ▼ 67.6% |
| Change in cash | - | -€9,920 | €15,981 | -€7,021 | €6,103 | ▲ 187% |
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
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€175,925
Net result drops to -€175,925, the lowest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Grâce-Hollogne · 1 establishment unit since 2020
Ground area
225 m²
Building footprint
111 m²
Volume, LiDAR
1,217 m³
Parcel 62054C0321/00N000, Wallonia · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ACDC IMMO
since 20202.314.632.707
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62054C0321/00N000 | Wallonia | 225 m² | 1 · 111 m² | 13.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Charleroi · Eq €3,956
VERTOMMEN WOONPROJECTEN
BE 0835.347.073
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DD Renovatie Coördinatie
BE 0798.267.834
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DEWULF PROJECTEN
BE 1014.687.405
Bredene · Eq €4,026
Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 1,944 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68322Real estate appraisal on a fee or contract basis
68321Property management for co-owned buildings (syndics)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749547308
Also
9925:BE0749547308
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.