Liquidity
Short-term debts fell from €139,627 to €66,141.
Trustee: Kathleen Velkeneers. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Short-term debts fell from €139,627 to €66,141.
Nine of the last ten came late. The 2020 accounts came latest: 661 days after the end of the period.
On 7 August 2023 the court declared ACE bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €62,000 and €210,000.
Higher than 88% of 5,900 companies in 2020.
Higher than 88% of 5,701 companies in 2020.
Higher than 30% of 5,764 companies in 2020.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
526,323 | 596,721 | 616,392 | 558,403 | 546,126 | 553,426 | 479,123 | 513,187 | 525,411 | 655,588 | 716,446 | 856,671 | 886,079 | 798,218 | 477,924 | |
21/28 |
10,175 | 16,869 | 335,161 | 328,317 | 329,619 | 370,902 | 333,464 | 336,453 | 338,878 | 370,753 | 385,521 | 537,641 | 534,681 | 670,543 | 337,484 | |
22/27 |
- | 6,694 | 324,986 | 327,142 | 328,444 | 369,727 | 332,289 | 335,278 | 337,703 | 344,033 | 358,801 | 510,921 | 507,961 | 475,882 | 142,823 | |
22 |
- | 4,668 | 321,083 | 321,083 | 321,083 | 321,083 | 321,083 | 321,083 | 321,083 | 321,083 | 321,811 | 423,953 | 427,886 | 420,017 | 122,783 | |
23 |
- | - | - | 87 | 263 | 440 | 759 | 1,077 | 1,757 | 2,707 | 7,836 | 14,255 | 19,764 | 24,207 | 3,645 | |
24 |
- | 2,026 | 3,902 | 5,971 | 7,097 | 48,204 | 10,447 | 13,117 | 14,863 | 20,243 | 14,808 | 52,804 | 34,840 | 31,658 | 16,394 | |
28 |
10,175 | 10,175 | 10,175 | 1,175 | 1,175 | 1,175 | 1,175 | 1,175 | 1,175 | 26,719 | 26,719 | 26,719 | 26,719 | 194,661 | 194,661 | |
29/58 |
516,148 | 579,852 | 281,231 | 230,086 | 216,507 | 182,524 | 145,659 | 176,734 | 186,533 | 284,836 | 330,926 | 319,031 | 351,398 | 127,675 | 140,441 | |
29 |
- | - | - | - | 90,827 | 90,827 | 105,193 | 123,118 | 100,000 | - | - | - | - | - | - | |
291 |
- | - | - | - | 90,827 | 90,827 | 105,193 | 123,118 | 100,000 | - | - | - | - | - | - | |
40/41 |
516,091 | 576,435 | 280,124 | 226,900 | 121,673 | 86,229 | 35,794 | 46,930 | 48,366 | 270,361 | 297,845 | 308,461 | 270,216 | 105,921 | 135,578 | |
40 |
117,945 | 112,817 | 26,802 | 21,281 | 55,453 | 63,222 | 24,190 | 35,617 | 38,366 | 247,832 | 284,855 | 297,191 | 219,982 | 105,921 | 100,686 | |
41 |
398,146 | 463,618 | 253,322 | 205,619 | 66,219 | 23,007 | 11,604 | 11,313 | 10,000 | 22,529 | 12,990 | 11,270 | 50,234 | - | 34,892 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | 75,301 | - | - | |
54/58 |
57 | 61 | 34 | 544 | 1,260 | 1,876 | 328 | 5,889 | 33,854 | 13,160 | 33,080 | 10,570 | 5,881 | 20,165 | 3,273 | |
490/1 |
- | 3,356 | 1,073 | 2,642 | 2,748 | 3,592 | 4,345 | 797 | 4,313 | 1,314 | - | - | - | 1,589 | 1,589 | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
526,323 | 596,721 | 616,392 | 558,403 | 546,126 | 553,426 | 479,123 | 513,187 | 525,411 | 655,588 | 716,446 | 856,671 | 886,079 | 798,218 | 477,924 | |
10/15 |
460,182 | 456,722 | 455,559 | 455,547 | 455,287 | 460,784 | 466,127 | 466,125 | 466,061 | 464,770 | 475,707 | 455,180 | 431,446 | 167,525 | 149,688 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
457,367 | 457,367 | 457,367 | 457,367 | 457,107 | 457,107 | 457,107 | 457,107 | 457,107 | 457,107 | 457,107 | 436,580 | 412,846 | 148,925 | 131,088 | |
130/1 |
1,872 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | 1,872 | 1,872 | 1,872 | 1,872 | 1,872 | 1,872 | 1,872 | 1,872 | 1,872 | 1,872 | 1,872 | 1,872 | 1,872 | 1,872 | |
1311 |
1,872 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
25,800 | 25,800 | 25,800 | 25,800 | 25,800 | 25,800 | 25,800 | 25,800 | 25,800 | 25,800 | 25,800 | 25,800 | 25,800 | 25,800 | 25,800 | |
133 |
429,696 | 429,696 | 429,696 | 429,696 | 429,435 | 429,435 | 429,435 | 429,435 | 429,435 | 429,435 | 429,435 | 408,908 | 385,175 | 121,253 | 103,416 | |
14 |
-15,786 | -19,246 | -20,408 | -20,420 | -20,420 | -14,923 | -9,580 | -9,582 | -9,645 | -10,937 | - | - | - | - | - | |
17/49 |
66,141 | 139,999 | 160,833 | 102,855 | 90,839 | 92,642 | 12,996 | 47,062 | 59,349 | 190,818 | 240,740 | 401,491 | 454,633 | 630,694 | 328,236 | |
17 |
- | - | 8,082 | 15,971 | 23,669 | 31,182 | - | - | - | - | - | 209,515 | 296,115 | 458,869 | 237,557 | |
170/4 |
- | - | 8,082 | 15,971 | 23,669 | 31,182 | - | - | - | - | - | 209,515 | 296,115 | 458,869 | 237,557 | |
42/48 |
66,141 | 139,627 | 152,495 | 86,885 | 66,960 | 61,250 | 12,996 | 47,062 | 47,349 | 184,818 | 201,717 | 163,773 | 118,140 | 157,446 | 76,301 | |
42 |
- | 8,747 | 7,888 | 7,698 | 7,513 | 7,333 | - | - | - | - | 9,124 | 69,041 | 43,264 | 26,641 | 16,024 | |
43 |
9,750 | 14,399 | 9,907 | 9,133 | 9,879 | 7,057 | 1,538 | - | - | - | - | 88 | 32,785 | 7,616 | 4,500 | |
430/8 |
9,750 | 14,399 | 9,907 | 9,133 | 9,879 | 7,057 | 1,538 | - | - | - | - | 88 | 32,785 | 7,616 | 4,500 | |
44 |
9,287 | 56,145 | 71,874 | 40,233 | 22,034 | 20,156 | 4,946 | 30,289 | 6,292 | 138,155 | 83,261 | 18,833 | 625 | 29,597 | 19,209 | |
440/4 |
9,287 | 56,145 | 71,874 | 40,233 | 22,034 | 20,156 | 4,946 | 30,289 | 6,292 | 138,155 | 83,261 | 18,833 | 625 | 29,597 | 19,209 | |
45 |
17,189 | 22,673 | 42,201 | 5,598 | 8,715 | 5,012 | 2,133 | 8,294 | 11,678 | 3,739 | 8,481 | 11,137 | 5,467 | 29,057 | 12,567 | |
450/3 |
14,938 | 12,527 | 25,200 | 3,947 | 6,412 | 2,900 | 150 | 6,459 | 9,416 | 1,977 | 6,958 | 2,172 | 3,836 | 9,462 | 11,331 | |
454/9 |
2,250 | 10,147 | 17,002 | 1,651 | 2,303 | 2,112 | 1,983 | 1,835 | 2,262 | 1,763 | 1,523 | 8,965 | 1,631 | 19,595 | 1,236 | |
47/48 |
29,916 | 37,662 | 20,624 | 24,222 | 18,818 | 21,692 | 4,379 | 8,479 | 29,379 | 42,923 | 100,851 | 64,674 | 36,000 | 64,536 | 24,000 | |
492/3 |
- | 372 | 256 | - | 210 | 210 | - | - | 12,000 | 6,000 | 39,022 | 28,203 | 40,378 | 14,378 | 14,378 | |
| Income statement | ||||||||||||||||
76A |
- | - | - | 11,020 | 1,435 | - | 60 | - | - | - | 128,029 | - | - | - | 2,013 | |
9900 |
20,821 | 79,856 | 88,336 | 32,118 | 17,393 | 25,166 | 26,549 | 36,542 | 47,085 | 16,448 | -51,649 | 116,030 | 132,506 | 108,955 | 93,794 | |
62 |
5,503 | 17,517 | 53,662 | 8,686 | 8,595 | 8,675 | 8,497 | 8,414 | 8,240 | 8,052 | 8,570 | 8,413 | 7,932 | 7,877 | 7,510 | |
630 |
- | 2,183 | 2,156 | 2,483 | 3,304 | 3,800 | 2,998 | 7,283 | 9,712 | 16,933 | 17,843 | 36,363 | 20,466 | 23,948 | 16,490 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | 5,300 | - | - | |
640/8 |
5,364 | 4,894 | 6,108 | 7,072 | 5,035 | 7,632 | 10,123 | 7,074 | 5,911 | 1,709 | 6,905 | 3,157 | 2,313 | 2,377 | 9,688 | |
66A |
- | 38,269 | - | - | - | - | - | - | - | - | - | 4,669 | 561 | - | - | |
9901 |
9,954 | 16,994 | 26,409 | 13,877 | 460 | 5,060 | 4,932 | 13,771 | 23,222 | -10,246 | -84,967 | 68,096 | 96,495 | 74,754 | 60,106 | |
75/76B |
0 | 324 | 87 | 2 | 2,731 | 0 | 1 | 0 | 6 | 13 | 4 | 240 | 238,925 | 22 | 3,028 | |
75 |
0 | 324 | 87 | 2 | 2,731 | 0 | 1 | 0 | 6 | 13 | 4 | 240 | 238,925 | 22 | 3,028 | |
65/66B |
6,494 | 11,603 | 13,194 | 8,359 | 4,258 | 3,373 | 2,387 | 10,579 | 338 | 704 | 13,028 | 19,474 | 23,864 | 22,741 | 12,383 | |
65 |
6,494 | 11,603 | 8,674 | 8,359 | 4,258 | 3,373 | 2,387 | 10,579 | 338 | 704 | 13,028 | 19,474 | 23,864 | 22,741 | 12,383 | |
66B |
- | - | 4,520 | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
3,460 | 5,715 | 13,303 | 5,520 | -1,067 | 1,687 | 2,605 | 3,192 | 22,890 | -10,938 | 30,038 | 44,194 | 310,996 | 52,035 | 52,764 | |
67/77 |
- | 4,553 | 5,291 | 1,959 | 4,430 | 7,030 | 2,602 | 229 | 3,599 | -1 | 9,511 | 12,460 | 11,074 | 10,199 | 28,110 | |
9904 |
3,460 | 1,162 | 8,012 | 3,561 | -5,497 | -5,343 | 2 | 2,963 | 19,291 | -10,937 | 20,527 | 31,734 | 299,922 | 41,837 | 24,654 | |
9905 |
3,460 | 1,162 | 8,012 | 3,561 | -5,497 | -5,343 | 2 | 2,963 | 19,291 | -10,937 | 20,527 | 31,734 | 299,922 | 41,837 | 24,654 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-15,786 | -19,246 | -12,408 | -16,859 | -20,420 | -14,923 | -9,580 | -6,682 | 8,355 | -10,937 | 20,527 | 31,734 | 299,922 | 41,837 | 24,654 | |
14P |
-19,246 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 261 | - | - | - | - | - | - | 20,527 | 23,734 | 263,922 | 17,837 | 654 | |
6921 |
- | - | - | 261 | - | - | - | - | - | - | 20,527 | 23,734 | 263,922 | 17,837 | 654 | |
694/7 |
- | - | 8,000 | 3,300 | - | - | - | 2,900 | 18,000 | - | - | 8,000 | 36,000 | 24,000 | 24,000 | |
695 |
- | - | 8,000 | 3,300 | - | - | - | 2,900 | 18,000 | - | - | 8,000 | 36,000 | 24,000 | 24,000 | |
| Social balance sheet | ||||||||||||||||
9087 |
- | 1.2 | 1.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | |
Hours worked1013 |
- | 577 | 2,071 | 458 | 454 | 458 | 425 | 459 | 449 | 448 | 453 | 463 | 453 | 453 | 458 | |
| Document | ||||||||||||||||
The accounts for 14 older financial years (1992-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2020 (PDF), filed on 23-05-2023.
2020 annual accounts filed 661 days after the deadline. Filed on 23 May 2023, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2023-00094850.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | micro format | 23-05-2023 | 2023-00094850 | |
| 31-12-2019 | micro format | 09-11-2020 | 2020-69800104 | |
| 31-12-2018 | micro format | 03-01-2020 | 2020-00100224 | |
| 31-12-2017 | micro format | 22-08-2018 | 2018-50800154 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-56700269 | |
| 31-12-2015 | abbreviated format | 30-09-2016 | 2016-63000375 | |
| 31-12-2014 | abbreviated format | 30-10-2015 | 2015-66400251 | |
| 31-12-2013 | abbreviated format | 31-08-2014 | 2014-54600078 | |
| 31-12-2012 | abbreviated format | 28-09-2013 | 2013-61800520 | |
| 31-12-2011 | abbreviated format | 26-07-2012 | 2012-33500513 | |
| 31-12-2010 | abbreviated format | 28-07-2011 | 2011-34000034 | |
| 31-12-2009 | abbreviated format | 30-11-2010 | 2010-61600051 | |
| 31-12-2008 | abbreviated format | 31-08-2009 | 2009-75100106 | |
| 31-12-2007 | abbreviated format | 30-08-2008 | 2008-67500179 | |
| 31-12-2006 | abbreviated format | 31-07-2007 | 2007-52400235 | |
| 31-12-2005 | abbreviated format | 02-08-2006 | 2006-60101645 | |
| 31-12-2004 | abbreviated format | 28-07-2005 | 2005-59101420 | |
| 31-12-2003 | abbreviated format | 11-08-2004 | 2004-59404870 | |
| 31-12-2002 | abbreviated format | 13-08-2003 | 2003-61501792 | |
| 31-12-2001 | abbreviated format | 26-08-2002 | 2002-50100505 | |
| 31-12-2000 | abbreviated format | 24-07-2001 | 2001-41800475 | |
| 31-12-1999 | abbreviated format | 04-09-2000 | 2000-54703421 | |
| 31-12-1998 | abbreviated format | 26-07-1999 | 1999-37203682 | |
| 31-12-1997 | abbreviated format | 30-07-1998 | 1998-38400457 | |
| 31-12-1996 | abbreviated format | 02-10-1997 | 1997-47100271 | |
| 31-12-1995 | abbreviated format | 19-07-1996 | 1996-35304660 | |
| 31-12-1994 | abbreviated format | 05-02-1996 | 1996-02004585 | |
| 31-12-1993 | abbreviated format | 15-07-1994 | 1994-30202430 | |
| 31-12-1992 | abbreviated format | 01-07-1993 | 1993-23202689 |
| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | 19,177 | 28,566 | 16,360 | 3,763 | 8,860 | 7,930 | 21,054 | 32,934 | 6,687 | -67,123 | 104,459 | 116,962 | 98,702 | 76,596 | ||
| - | 3,345 | 10,168 | 6,043 | -2,194 | -1,543 | 3,001 | 10,247 | 29,003 | 5,997 | 38,370 | 68,096 | 320,388 | 65,784 | 41,144 | ||
| - | 4,975 | 9,000 | 1,181 | 1,082 | 41,238 | 950 | 4,858 | 3,382 | 2,165 | -134,277 | 54,735 | 61,370 | 357,007 | 14,190 | ||
| -4 | 27 | -510 | -716 | -616 | 1,548 | -5,561 | -27,965 | 20,694 | -19,920 | 22,510 | 4,689 | -14,284 | 16,892 | - | ||
| 450,007 | 440,225 | 128,737 | 143,201 | 149,546 | 121,274 | 132,663 | 129,672 | 139,183 | 100,017 | 129,209 | 155,257 | 233,258 | -29,771 | 64,139 | ||
| 87.4% | 76.5% | 73.9% | 81.6% | 83.4% | 83.3% | 97.3% | 90.8% | 88.7% | 70.9% | 66.4% | 53.1% | 48.7% | 21.0% | 31.3% | ||
| 7.80 | 4.15 | 1.84 | 2.65 | 3.23 | 2.98 | 11.21 | 3.76 | 3.94 | 1.54 | 1.64 | 1.95 | 2.97 | 0.81 | 1.84 | ||
| 0.14 | 0.31 | 0.35 | 0.23 | 0.20 | 0.20 | 0.03 | 0.10 | 0.13 | 0.41 | 0.51 | 0.88 | 1.05 | 3.76 | 2.19 | ||
| 0.8% | 0.3% | 1.8% | 0.8% | -1.2% | -1.2% | 0.0% | 0.6% | 4.1% | -2.4% | 4.3% | 7.0% | 69.5% | 25.0% | 16.5% | ||
| 0.7% | 0.2% | 1.3% | 0.6% | -1.0% | -1.0% | 0.0% | 0.6% | 3.7% | -1.7% | 2.9% | 3.7% | 33.8% | 5.2% | 5.2% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2020 |
|---|---|
| Overdue tax debts | €14,938 |
Source: notes to the 2020 annual accounts (statement of debts)
The operating result for 2020 is 41% lower than in 2019 and the lowest since 2016. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 23.5% to 12.6%. Equity is higher and debt is lower.
Source: list of holdings in its own 2020 accounts. Every holding stands with its own latest accounts.
| IRSA
registered office since 20-11-1987 · founded in 1987 |
total assets €926,708 (2023) 0432.635.935 |
| C. Bijnens Vastgoedexpertise via BIJNENS Catherine An Jos, at ACE until 2022 · Director (not named in the articles) · deed of 04-05-2022 founded in 2022 · negative equity (2025) |
total assets €30,985 (2025) |
| SYNTRAPXL via Bijnens Philippe, no longer at SYNTRAPXL · Director · deed of 05-04-2023 founded in 1969 |
140 FTE (2025) |
| T2 via Bijnens Philippe, no longer at T2 · Director · deed of 16-06-2022 founded in 2016 |
total assets €37.2m (2025) |
| Vlaams Studie- en Kenniscentrum Vastgoed en Wonen/Centre d'Etude et de Connaissance de l'Immobilier et de l'Habitat via BIJNENS Catherine An Jos, at ACE until 2022 · Director · deed of 05-10-2026 founded in 1991 |
6.6 FTE (2025) |
| SYNTRUM via Bijnens Philippe, no longer at SYNTRUM · Director · deed of 29-10-2021 founded in 2017 |
turnover €620,319 (2025) |
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Bisschopsweyerstraat 2 registered office 3570 Alken | ||
| Establishment unit 7311001 Advertising agencies | 12-05-1998 | 2.052.323.525 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 73001H0285/00F000 | 1,205 m² | 1 · 875 m² | 11.3 m · 2 |
| 73302G0679/00P000 | 982 m² | 1 · 217 m² | 9.9 m · 2 |
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