Equity
-€5,299
Debts exceed assets in financial year 2025.
ACDcure
Lifetime
6 annual accounts with figures on one time axispeak €5,369 (2025)
€5,369▲ €7,504
lowest -€5,468 (2022)
€2,673▲ €7,350
peak €5,798 (2020)
-€5,299▲ €2,673
€22,628▲ 32.8%
Board2 names since 2019
1 directorAnne Caroline d’URSEL
Documentsfilings and deeds
28-07-20263 days before the deadline
2025micro format
Gross margin from -€2,135 to €5,369Back to profit: €2,673Equity from -€7,972 to -€5,299Debts from €17,038 to €22,628Investments €1,313Cash from €1,338 to €5,344
Key points
from the 2025 annual accountsDebts
€22,628 131% of the balance sheet
Suppliers 11%Taxes and wages 2%Other 87%
Of this, €7,383 falls due within a year.
Investments
€1,313 2.9 × depreciation
Green is investment, beige is depreciation.
Liquidity
2.18 was 0.62 in 2024
Short-term debts fell from €14,182 to €7,383.
Filings
6 annual accounts 4 late
The 2023 accounts came latest: 61 days after the end of the period.
Position in the sector
-30.6%
Lower solvency than 86% of companies in wholesale trade. Sector median 40.4% · 13,805 companies.
Checked score
56
Fair
Financially stronger than 61% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.6%
01-2025: 3.5%▼ -0.1 percentage points vs 12-2024
02-2025: 3.5%● unchanged vs 01-2025
03-2025: 3.7%▲ +0.2 percentage points vs 02-2025
04-2025: 4.1%▲ +0.4 percentage points vs 03-2025
05-2025: 4.4%▲ +0.3 percentage points vs 04-2025
06-2025: 4.6%▲ +0.2 percentage points vs 05-2025
07-2025: 4.7%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 2.4%▼ -2.3 percentage points vs 07-2025
09-2025: 2.4%● unchanged vs 08-2025
10-2025: 2.4%● unchanged vs 09-2025
11-2025: 2.4%● unchanged vs 10-2025
12-2025: 2.4%● unchanged vs 11-2025
01-2026: 2.5%▲ +0.1 percentage points vs 12-2025
02-2026: 2.5%● unchanged vs 01-2026
03-2026: 1.5%▼ -1.0 percentage point vs 02-2026
04-2026: 1.5%● unchanged vs 03-2026
05-2026: 1.5%● unchanged vs 04-2026
06-2026: 1.5%● unchanged vs 05-2026
07-2026: 1.6%▲ +0.1 percentage points vs 06-2026
08-2026: 1.1%▼ -0.5 percentage points vs 07-2026lowest value
09-2026: 1.1%● unchanged vs 08-2026lowest value
10-2026: 1.1%● unchanged vs 09-2026lowest value
11-2026: 1.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Founded in 2019
Negative equity -€5,299
1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 2.18, cash €5,344
Calculation
The band follows from the bankruptcy probability. 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 (NACE 46, micro). It does better than 6% of them on solvency, 74% on liquidity, 83% on profitability and 83% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,180 companies had the same profile as ACDcure has now. Each dot stands for 6 companies, two years later.
88.7%
were still trading
5.8%
stopped another way
4.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ACDcure itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,180 companies, not a prediction for ACDcure. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 2.18 (0.62 in 2024), above the usual 1.5. Short-term debt is 42.6% and cash 30.8% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 13805 sector peers (2025).
NBB · sector comparisonPosition among 13805 sector peers
Solvency
better than 14%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
3 days early
2024
1 day early
2023
61 days late
2022
28 days late
2021
31 days late
2020
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 24 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · 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 28 August (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Daniël CIETERS 50 sharesdeed of 17-12-2019
- Anne Caroline d’URSEL 50 sharesdeed of 17-12-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0739589762
Resignation: Cieters Daniël (director)
Director discharge: Cieters Daniël · General meeting of 30-08-2024 · Gazette deed
Registered office moved from Zwijnaarde to De Pinte
New registered office: Toutefais 5 te 9840 De Pinte · Previous registered office: Rijvisschepark 92 te 9052 Zwijnaarde · Board meeting of 09-02-2024 · Gazette deed
Incorporation
Founding capital of €10,000, 100 shares · Founders: Daniël CIETERS and Anne Caroline d’URSEL · Appointments: Daniël CIETERS (director) and Anne Caroline d’URSEL (director) · published on 17-12-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ACDcure Nazareth-De Pinte | €17,329 | €5,369 | -30.6% | - |
| GMC Anderlecht | €43,513 | €10,215 | 61.0% | - |
| DE STRALENDE PIJL Grimbergen | €50,559 | €10,041 | 43.2% | - |
| VITAAL Schoten | €45,344 | €2,363 | 24.0% | - |
| Nexus Enterprise Diagnostics Antwerp | €55,763 | €8,622 | -1474.0% | 0.5 |
| BELDERM Woluwe-Saint-Lambert | €7,299 | €3,992 | -1368.5% | - |
| VESALE PHARMA WOMAN HEALTH Eghezée | €62,158 | €4,327 | -27.6% | - |
These companies have the same main activity as ACDcure: wholesale of pharmaceutical and medical goods (NACE 46460). They are comparable in size and age: total assets between €7,300 and €62,200, founded between 2014 and 2021.
Official details
Source: KBO- Status
- Active since 13-12-2019Normal situation
- Activity
- Wholesale of pharmaceutical and medical goodsNACE 46460and 2 others
- Establishment unit
- 2.297.426.5889840 Nazareth-De Pinte, since 13-12-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2025
Annual accounts 2025
- ≈ €53,000estimated
- €17,329▲ 91.1%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on ACDcure
ACDcure files the micro format. That format states no turnover. The gross margin rose from -€2,292 in 2020 to €5,369 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ACDcure
- What is the company number of ACDcure?
- The company number of ACDcure is 0739.589.762. The VAT number is the same number with BE in front: BE 0739.589.762.
- Where is ACDcure based?
- The registered office is at Toutefais 5, 9840 Nazareth-De Pinte.Company details
- What does ACDcure do?
- According to the KBO register, the main activity is wholesale of pharmaceutical and medical goods (NACE 46460).
- What is the legal form of ACDcure?
- ACDcure is a private limited company (BV).
- When was ACDcure founded?
- ACDcure was founded on 13-12-2019.
- Is ACDcure still active?
- Yes, ACDcure is an active enterprise in the KBO register.
- What is the turnover of ACDcure?
- The turnover in financial year 2025 is ≈ €53,000. This figure is estimated from the gross margin of €5,369 and 41 comparable companies (NACE 464). It probably lies between €27,000 and €220,000. It is a rough estimate.Financials
- Is ACDcure profitable?
- In financial year 2025, ACDcure made a profit of €2,673.
- Where can I find the annual accounts of ACDcure?
- ACDcure filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ACDcure due?
- ACDcure must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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