ACE
ActiveSummary
ACE has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€961,222. Equity is shrinking by ~35.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 10% of 188 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability11▼-2
Solvency37▼-11
Growth31=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.93 against 1.07 in 2023; short-term debt: 68.8% and cash: 2.4% of total assets), and 88.3% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.7%
Return on assets
-8.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 188 sector peers (2025).
NBB · sector comparisonPosition among 188 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
28 d late
2024
3 d early
2023
7 d late
2022
on the day
2021
44 d early
2020
25 d late
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% 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
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#3 oldest company in the province of Liège, Rubber and plastics sector#5 employer in the province of Liège, Rubber and plastics sector#8 company by total assets in the province of Liège, Rubber and plastics sector
Turnover
€29.1m▼ 4.6%
2023 · €30.5m
EBIT margin
-2.5%▼ 0.4pp
2023 · -2.1%
Net result
-€961,222▼ 1.0%
2023 · -€951,449
Working capital
-€576,404
2023 · €701,342
Trend over the years
Click a name to add, emphasise or remove a line.
Available amounts per fiscal year
Line201820232025
Turnover€32.8m-€30.5m-€29.1m-
Operating result€105,244--€652,785--€732,974-
Net result€110,684--€951,449--€961,222-
EBIT margin0.3%--2.1%--2.5%-
Equity€10.3m-€3.6m-€1.3m-
Total assets€17.4m-€15.7m-€11.4m-
Debt€6.9m-€11.8m-€10.0m-
Working capital€5.8m-€701,342--€576,404-
Staff (FTE)87.5-90.3-84.4-
Result per fiscal year
Operating resultNet result
The operating result is -€732,974 in 2025, compared with -€652,785 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €11.4m
Fixed assets
€4.1m ▼ 21.4%
Current assets
€7.2m ▼ 30.4%
Equity and liabilities €11.4m
Equity
€1.3m ▼ 63.5%
Provisions
€37,304 ▼ 83.6%
Debt
€10.0m ▼ 15.2%
Debt's share of the balance-sheet total rises from 75.3% to 88.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€288,476▼
2023 · -€242,277
Cash flow
-€516,724▲
2023 · -€540,941
Current ratio
0.93▼
2023 · 1.07
Quick ratio
0.50▼
2023 · 0.65
Debt to equity
7.55▲
2023 · 3.24
ROE
-72.5%▼
2023 · -26.2%
ROA
-8.5%▼
2023 · -6.1%
Interest coverage
-1.04▼
2023 · -0.64
Debt ≤ 1 year
€7.8m▼
2023 · €9.7m
Debt > 1 year
€2.2m▲
2023 · €2.1m
Income taxes
€1,752▼
2023 · €2,162
Staff costs
€5.9m▲
2023 · €5.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 367 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a small loss
0.5%
went bankrupt
2.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 367 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 | 2018 | 2023 | 2025 | Change |
|---|---|---|---|---|
| Operating income70/76A | - | €31.6m | €28.8m | - |
| Turnover70 | €32.8m | €30.5m | €29.1m | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €425,883 | -€853,555 | - |
| Own construction capitalised72 | - | €200,602 | €113,608 | - |
| Other operating income74 | - | €486,340 | €390,930 | - |
| Operating charges60/66A | - | €32.3m | €29.5m | - |
| Goods for resale, raw materials and consumables60 | - | €19.4m | €16.9m | - |
| Purchases600/8 | - | €18.2m | €16.9m | - |
| Change in stocks: decrease (increase)609 | - | €1.2m | -€13,108 | - |
| Services and other goods61 | - | €6.9m | €6.3m | - |
| Remuneration, social security and pensions62 | - | €5.6m | €5.9m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €514,690 | €410,508 | €444,499 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €10,521 | -€118,236 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€95,799 | -€8,920 | - |
| Other operating charges640/8 | - | €49,947 | €68,110 | - |
| Operating profit (loss)9901 | €105,244 | -€652,785 | -€732,974 | - |
| Financial income75/76B | - | €108,677 | €75,908 | - |
| Recurring financial income75 | €142,740 | €108,677 | €75,908 | - |
| Income from financial fixed assets750 | - | €83,922 | €55,434 | - |
| Other financial income752/9 | - | €24,755 | €20,474 | - |
| Financial charges65/66B | - | €405,179 | €302,404 | - |
| Recurring financial charges65 | €38,744 | €405,179 | €302,404 | - |
| Debt charges650 | €15,117 | €381,113 | €276,684 | - |
| Other financial charges652/9 | - | €24,066 | €25,720 | - |
| Profit (loss) for the period before taxes9903 | €209,239 | -€949,287 | -€959,470 | - |
| Income taxes67/77 | €98,555 | €2,162 | €1,752 | - |
| Taxes670/3 | - | €2,162 | €1,752 | - |
| Profit (loss) for the period9904 | €110,684 | -€951,449 | -€961,222 | - |
| Profit (loss) for the period to be appropriated9905 | €110,684 | -€951,449 | -€961,222 | - |
| Line | 2018 | 2023 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €17.4m | €15.7m | €11.4m | - |
| Fixed assets21/28 | €4.7m | €5.3m | €4.1m | - |
| Intangible fixed assets21 | €5,675 | €701,730 | €586,229 | - |
| Tangible fixed assets22/27 | €1.0m | €955,307 | €1.4m | - |
| Plant, machinery and equipment23 | - | €480,521 | €505,057 | - |
| Furniture and vehicles24 | - | €71,146 | €61,698 | - |
| Leasing and similar rights25 | - | €128,294 | €251,184 | - |
| Other tangible fixed assets26 | - | €99,991 | €86,076 | - |
| Assets under construction and advance payments27 | - | €175,356 | €474,252 | - |
| Financial fixed assets28 | €3.7m | €3.6m | €2.2m | - |
| Affiliated companies280/1 | - | €3.6m | €2.2m | - |
| Amounts receivable281 | - | €3.6m | €2.2m | - |
| Other financial fixed assets284/8 | - | €5,490 | €5,490 | - |
| Amounts receivable and cash guarantees285/8 | - | €5,490 | €5,490 | - |
| Current assets29/58 | €12.8m | €10.4m | €7.2m | - |
| Stocks and contracts in progress3 | €3.3m | €4.1m | €3.3m | - |
| Stocks30/36 | - | €4.1m | €3.3m | - |
| Raw materials and consumables30/31 | - | €1.5m | €1.9m | - |
| Work in progress32 | - | €309,383 | €302,668 | - |
| Finished goods33 | - | €2.2m | €1.0m | - |
| Goods purchased for resale34 | - | €162,394 | €128,056 | - |
| Amounts receivable within one year40/41 | €6.0m | €5.7m | €3.5m | - |
| Trade receivables40 | - | €4.7m | €3.5m | - |
| Other amounts receivable41 | - | €950,606 | €3,473 | - |
| Cash at bank and in hand54/58 | €3.5m | €480,053 | €274,402 | - |
| Deferred charges and accrued income490/1 | - | €129,406 | €101,666 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €17.4m | €15.7m | €11.4m | - |
| Equity10/15 | €10.3m | €3.6m | €1.3m | - |
| Contributions10/11 | €5.0m | €3.5m | €3.5m | - |
| Reserves13 | €500,000 | - | - | - |
| Profit (loss) carried forward14 | €4.8m | €112,852 | -€2.2m | - |
| Provisions and deferred taxes16 | €213,965 | €227,598 | €37,304 | - |
| Provisions for liabilities and charges160/5 | - | €227,598 | €37,304 | - |
| Other liabilities and charges164/5 | - | €227,598 | €37,304 | - |
| Amounts payable17/49 | €6.9m | €11.8m | €10.0m | - |
| Amounts payable after more than one year17 | - | €2.1m | €2.2m | - |
| Financial debts170/4 | - | €2.1m | €2.2m | - |
| Leasing and similar obligations172 | - | €91,484 | €187,832 | - |
| Other loans174 | - | €2.0m | €2.0m | - |
| Amounts payable within one year42/48 | €6.9m | €9.7m | €7.8m | - |
| Current portion of amounts payable after more than one year42 | - | €39,917 | €98,489 | - |
| Financial debts43 | - | €4.2m | €2.9m | - |
| Credit institutions430/8 | - | €4.2m | €2.9m | - |
| Trade debts44 | €4.1m | €4.2m | €3.4m | - |
| Suppliers440/4 | - | €4.2m | €3.4m | - |
| Taxes, remuneration and social security45 | - | €1.3m | €1.4m | - |
| Taxes450/3 | - | €263,772 | €247,421 | - |
| Remuneration and social security454/9 | - | €1.0m | €1.2m | - |
| Other amounts payable47/48 | - | €728 | €1,796 | - |
| Accrued charges and deferred income492/3 | - | - | €498 | - |
| Line | 2018 | 2023 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €110,684 | -€951,449 | -€961,222 | - |
| + Depreciation and write-downs630 | €514,690 | €410,508 | €444,499 | - |
| Operating cash flow (approximation) | €625,374 | -€540,941 | -€516,724 | - |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet -€961,222
Net result drops to -€961,222, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 7 days late
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 7 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 25 days late
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 22 acts read
About the unread acts
We know of 22 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
22 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
Registered office, Liège · 1 establishment unit since 1973
Ground area
9,906 m²
Building footprint
707 m²
Volume, LiDAR
4,327 m³
Parcel 62002A0056/00D008, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue de Renory 499, 4031 Liège
since 19732.039.250.695
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62002A0056/00D008 | Wallonia | 9,906 m² | 1 · 707 m² | 6.9 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- ACE Holding
- ACE
Highest known parent: ACE Holding. The sources do not say who stands above it.
Owners 1
- ACE Holdingparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
549300QDPN0Y6CI7TI59
Similar companies · same sector, comparable size
Grenz-Echo
BE 0402.337.093
Eupen · Eq €1,295,278
Drukkerij Bosmans
BE 0443.314.249
Lommel · Eq €1,283,831
ANAF PRODUCTS
BE 0424.250.581
Dentergem · Eq €1,273,277
STOCKPLASTICS - VORMSPUITWERK
BE 0451.604.779
Wingene · Eq €1,250,313
LenCsolutions
BE 0628.956.413
Ravels · Eq €1,427,984
Of 371 companies in sector 22210 we hold annual accounts for 293. 201 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
Founded21-05-1973
Fiscal year end31-12
Activities, NACEBEL 2025
22210Manufacture of rubber and plastic products
22260Manufacture of rubber and plastic products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0413199511
Also
9925:BE0413199511
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.