Result
-€99,389 -€99,389
From profit to loss in 2025, after a profit of €48,769 in 2024.
ACDS
Lifetime
8 annual accounts with figures on one time axispeak €1.0m (2024)
€800,203▼ 23.7%
lowest -€99,389 (2025)
-€99,389▼ €148,158
peak €248,611 (2024)
€149,223▼ 40.0%
€439,297▲ 3.1%
peak 18.9 FTE (2024)
17.6 FTE▼ 6.9%
Board2 names since 2018
2 directors and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €1.0m to €800,203Loss of €99,389Equity from €248,611 to €149,223Cash from €35,710 to €59,979
Key points
from the 2025 annual accountsTurnover
≈ €1.9m estimated
The accounts state no turnover.
Debts
€439,297 75% of the balance sheet
Financial debts 29%Suppliers 45%Taxes and wages 15%Other 12%
€164,833 of the debts are secured on the company's own assets. In 2022 that was €117,894.
Staff
26 employees on 31-12-2025
In 2025, 13 people joined and 15 left.
Filings
8 annual accounts 8 late
The 2024 accounts came latest: 31 days after the end of the period.
Position in the sector
-€99,389
Lower net result than 91% of companies in food products. Sector median €49,393 · 1,082 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 121 companies had the same profile as ACDS has now. Each dot is one company, two years later.
85.1%
were still trading
5.0%
stopped another way
6.6%
went bankrupt
Another 3.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 121 companies, not a prediction for ACDS. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Manager
Manager
- 50 sharesdeed of 17-01-2018
- 50 sharesdeed of 17-01-2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0687914892
New establishment in Wavre
La Magie du Pain, Rue de Nivelles 18
First establishment
Chaussée de Namur 39, Incourt
Incorporation
Founding capital of €18,600, 100 shares, €10,000 paid up · Founders: and · Appointments: (manager) and (manager) · published on 17-01-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ACDS Incourt | €588,520 | €800,203 | 25.4% | 17.6 |
| LACHEBA Gembloux | €632,523 | €753,384 | 25.2% | 15.8 |
| Les Pâtisseries de Nikolas Ixelles | €507,475 | €729,041 | 26.0% | 13.5 |
| VRANCKX-VAUSE SPRL Namur | €871,948 | €785,334 | -4.6% | 17.1 |
| Bakkerij Kimpe Kortemark | €817,342 | €608,383 | 33.5% | 17.2 |
| LOUCOR Mons | €505,805 | €600,843 | 19.1% | 13.7 |
| DIJAN Malmedy | €383,811 | €803,037 | 43.4% | 16.3 |
These companies have the same main activity as ACDS: artisanal bread and fresh pastry making (NACE 10712). They are comparable in size and age: total assets between €384,000 and €872,000, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 14-01-2018Normal situation
- Activity
- Artisanal bread and fresh pastry makingNACE 10712and 4 others
- Joint committees
- 201Independent retail
- 118Food industry · annual accounts 2025
- Establishment units
- 2.274.223.2971315 Incourt, since 01-03-2018
- 2.316.473.2321300 Wavre, since 01-11-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 13-02-2024
Annual accounts 2025
- €588,520▼ 12.8%
- Employeeson 31-12-2025
- 26▼ 7.1%
- Filing
- Filed on 31-08-2026
Insights on ACDS
ACDS files the abbreviated format. That format states no turnover. The gross margin rose from €116,660 in 2018 to €800,203 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
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 ACDS
- What is the company number of ACDS?
- The company number of ACDS is 0687.914.892. The VAT number is the same number with BE in front: BE 0687.914.892.
- Where is ACDS based?
- The registered office is at Chaussée de Namur 39, 1315 Incourt.Company details
- What does ACDS do?
- According to the KBO register, the main activity is artisanal bread and fresh pastry making (NACE 10712).
- What is the legal form of ACDS?
- ACDS is a private limited company (pre-2019) (BVBA).
- When was ACDS founded?
- ACDS was founded on 14-01-2018.
- Is ACDS still active?
- Yes, ACDS is an active enterprise in the KBO register.
- How many employees does ACDS have?
- ACDS had an average of 17.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ACDS fall under?
- In its 2025 annual accounts, ACDS states joint committees 201 (Independent retail) and 118 (Food industry).
- What is the turnover of ACDS?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €800,203 and 2,275 comparable companies of the same size. It probably lies between €1.1m and €3.2m. It is a rough estimate. In financial year 2019 turnover was €747,261.
- Is ACDS profitable?
- In financial year 2025, ACDS made a loss of €99,389.
- Where can I find the annual accounts of ACDS?
- ACDS filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ACDS due?
- ACDS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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