ACE Projects
ActiveThe file of ACE Projects contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.6% (low). The 2025 annual accounts show equity of €140,106 and a net result of -€66,281. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 8085 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-14
Solvency40▼-7
Growth32=
Track record85
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.77 against 3.01 in 2024; short-term debt: 26.3% and cash: 18.6% of total assets), but 85.4% of the assets are financed with debt.
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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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€66,281
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 8085 sector peers (2025).
NBB · sector comparisonPosition among 8085 sector peers
Solvency
better than 21%
← 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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
76 d late
2023
56 d late
2022
268 d late
2021
326 d late
2020
207 d late
2019
91 d late
← 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 146 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€140,106▼ 32.1%
2024 · €206,387
Total assets
€959,445▲ 0.6%
2024 · €953,798
Net result
-€66,281▼ 701%
2024 · -€8,273
Working capital
€697,947▲ 11.1%
2024 · €628,434
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€34,647▼ 19.9%-€7,874€106,446€16,649▼ 84.4%-€52,073
Net result-€20,487▼ 4,361%-€75,042▼ 266%€37,869-€8,273-€66,281▼ 701%
Equity€251,833▼ 7.5%€176,791▼ 29.8%€214,660▲ 21.4%€206,387▼ 3.9%€140,106▼ 32.1%
Total assets€2.1m▲ 55.5%€2.2m▲ 6.5%€2.7m▲ 19.9%€953,798▼ 64.5%€959,445▲ 0.6%
Debt€1.9m▲ 71.4%€2.1m▲ 11.5%€2.5m▲ 19.7%€747,411▼ 69.8%€819,339▲ 9.6%
Working capital€670,354▲ 120%€719,771▲ 7.4%€769,129▲ 6.9%€628,434▼ 18.3%€697,947▲ 11.1%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €52,073 after €16,649 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €959,445
Fixed assets
€9,618 ▼ 22.0%
Current assets
€949,828 ▲ 0.9%
Equity and liabilities €959,445
Equity
€140,106 ▼ 32.1%
Debt
€819,339 ▲ 9.6%
Debt's share of the balance-sheet total rises from 78.4% to 85.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€49,355▼
2024 · €19,366
Cash flow
-€63,563▼
2024 · -€5,556
Current ratio
3.77▲
2024 · 3.01
Quick ratio
2.29▲
2024 · 2.13
Debt to equity
5.85▲
2024 · 3.62
ROE
-47.3%▼
2024 · -4.0%
ROA
-6.9%▼
2024 · -0.9%
Interest coverage
-3.35▼
2024 · 0.73
Debt ≤ 1 year
€251,881▼
2024 · €313,028
Debt > 1 year
€555,458▲
2024 · €420,058
Income taxes
€501▼
2024 · €1,391
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €272 | €7,184 | €0 | €21,870 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91 | €630 | €1,797 | €2,717 | €2,717 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €14,305 | -€14,305 | ▼ 200% |
| Other operating charges640/8 | €1,026 | €18,845 | €2,454 | €4,040 | €3,368 | ▼ 16.6% |
| Non-recurring operating charges66A | - | - | - | €1,058 | €1,632 | ▲ 54.2% |
| Gross operating margin9900 | €35,763 | €11,601 | €110,697 | €38,769 | -€58,660 | ▼ 251% |
| Operating profit (loss)9901 | €34,647 | -€7,874 | €106,446 | €16,649 | -€52,073 | ▼ 413% |
| Financial income75/76B | €32,969 | €19,556 | €25,052 | €2,999 | €1,005 | ▼ 66.5% |
| Recurring financial income75 | €32,969 | €19,556 | €25,052 | €2,999 | €703 | ▼ 76.5% |
| Non-recurring financial income76B | - | - | - | - | €302 | - |
| Financial charges65/66B | €87,879 | €86,110 | €86,425 | €26,530 | €14,712 | ▼ 44.5% |
| Recurring financial charges65 | €87,879 | €86,110 | €86,425 | €26,530 | €14,712 | ▼ 44.5% |
| Profit (loss) for the period before taxes9903 | -€20,263 | -€74,428 | €45,073 | -€6,882 | -€65,779 | ▼ 856% |
| Income taxes67/77 | €224 | €614 | €7,204 | €1,391 | €501 | ▼ 64.0% |
| Profit (loss) for the period9904 | -€20,487 | -€75,042 | €37,869 | -€8,273 | -€66,281 | ▼ 701% |
| Profit (loss) for the period to be appropriated9905 | -€20,487 | -€75,042 | €37,869 | -€8,273 | -€66,281 | ▼ 701% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.2m | €2.7m | €953,798 | €959,445 | ▲ 0.6% |
| Fixed assets21/28 | €336,498 | €120,229 | €125,559 | €12,335 | €9,618 | ▼ 22.0% |
| Tangible fixed assets22/27 | €1,444 | €6,119 | €11,069 | €8,352 | €5,635 | ▼ 32.5% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €1,444 | €6,119 | €11,069 | €8,352 | €5,635 | ▼ 32.5% |
| Financial fixed assets28 | €335,054 | €114,109 | €114,489 | €3,983 | €3,983 | = |
| Current assets29/58 | €1.8m | €2.1m | €2.6m | €941,463 | €949,828 | ▲ 0.9% |
| Stocks and contracts in progress3 | €240,046 | €430,252 | €600,621 | €276,133 | €371,908 | ▲ 34.7% |
| Contracts in progress37 | €240,046 | €430,252 | €600,621 | €276,133 | €371,908 | ▲ 34.7% |
| Amounts receivable within one year40/41 | €1.2m | €1.6m | €1.8m | €537,964 | €277,967 | ▼ 48.3% |
| Trade receivables40 | €1.2m | €1.4m | €1.6m | €436,403 | €236,386 | ▼ 45.8% |
| Other amounts receivable41 | €50,000 | €123,855 | €184,083 | €101,561 | €41,581 | ▼ 59.1% |
| Cash at bank and in hand54/58 | €247,582 | €112,300 | €129,423 | €125,762 | €178,815 | ▲ 42.2% |
| Deferred charges and accrued income490/1 | €34,845 | €21,639 | €26,006 | €1,603 | €121,138 | ▲ 7,456% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.2m | €2.7m | €953,798 | €959,445 | ▲ 0.6% |
| Equity10/15 | €251,833 | €176,791 | €214,660 | €206,387 | €140,106 | ▼ 32.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €73,657 | €73,657 | €111,526 | €111,526 | €111,526 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €71,797 | €71,797 | €109,666 | €111,526 | €111,526 | = |
| Profit (loss) carried forward14 | €159,576 | €84,534 | €84,534 | €76,261 | €9,981 | ▼ 86.9% |
| Amounts payable17/49 | €1.9m | €2.1m | €2.5m | €747,411 | €819,339 | ▲ 9.6% |
| Amounts payable after more than one year17 | €706,794 | €598,290 | €598,190 | €420,058 | €555,458 | ▲ 32.2% |
| Financial debts170/4 | €150,100 | €100 | €0 | €420,058 | €555,458 | ▲ 32.2% |
| Other amounts payable178/9 | €556,694 | €598,190 | €598,190 | - | - | - |
| Amounts payable within one year42/48 | €1.1m | €1.4m | €1.8m | €313,028 | €251,881 | ▼ 19.5% |
| Current portion of amounts payable after more than one year42 | €45,000 | €0 | - | - | - | - |
| Trade debts44 | €175,466 | €201,955 | €195,792 | €193,976 | €122,132 | ▼ 37.0% |
| Suppliers440/4 | €175,466 | €201,955 | €195,792 | €193,976 | €122,132 | ▼ 37.0% |
| Advances received on contracts in progress46 | €532,436 | €876,537 | €1.1m | - | - | - |
| Taxes, remuneration and social security45 | €82,147 | €25,030 | €47,138 | €15,498 | €8,401 | ▼ 45.8% |
| Taxes450/3 | €67,147 | €10,030 | €27,138 | €15,498 | €8,401 | ▼ 45.8% |
| Remuneration and social security454/9 | €15,000 | €15,000 | €20,000 | - | - | - |
| Other amounts payable47/48 | €261,748 | €297,143 | €485,757 | €103,554 | €121,348 | ▲ 17.2% |
| Accrued charges and deferred income492/3 | €48,226 | €64,919 | €81,838 | €14,324 | €12,000 | ▼ 16.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,487 | -€75,042 | €37,869 | -€8,273 | -€66,281 | ▼ 701% |
| + Depreciation and write-downs630 | €91 | €630 | €1,797 | €2,717 | €2,717 | = |
| Operating cash flow (approximation) | -€20,396 | -€74,412 | €39,666 | -€5,556 | -€63,563 | ▼ 1,044% |
| Investment in fixed assets (approximation) | - | €215,639 | -€7,127 | €110,506 | €0 | ▼ 100% |
| Change in cash | - | -€135,282 | €17,123 | -€3,661 | €53,053 | ▲ 1,549% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 76 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 3.01
Current ratio from 1.43 to 3.01; short-term debt falls from €1.8m to €313,028.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 268 days late
21-03
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 14-03-2024
28-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 22-02-2024
2023
31-12
Financial
Back to profitnet €37,869
Net result €37,869 after 3 loss-making years.
31-12
Financial
Equity above €200,000Eq €214,660 ▲21.4%
Equity rises from €176,791 to €214,660.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 326 days late
2022
31-12
Financial
Weakest financial yearnet -€75,042
Net result drops to -€75,042, the lowest in the series; recovery starts the following year.
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 207 days late
Show earlier events
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Hasselt · 1 establishment unit since 2006
Ground area
3,766 m²
Building footprint
984 m²
Volume, LiDAR
7,855 m³
Parcel 71323C0286/00F002, Flanders · tallest building 21.6 m, ±2 floors. Linked by address, not a title deed.
110
companies at this address
See who is registered here
1 establishment unit
ACE Projects BVBA
since 20062.151.369.235
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0286/00F002 | Flanders | 3,766 m² | 1 · 984 m² | 21.6 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.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | RONNY MAES PRINS BISSCHOPSINGEL 11,
3500 HASSELT |
22-02-2024 → 14-03-2024 |
| Curator | KRISTOF KROL PRINS
BISSCHOPSSINGEL 11, 3500 HASSELT |
22-02-2024 → 14-03-2024 |
| Curator | GERTJAN CUPERS PRINS BISSCHOPSSINGEL 11, 3500 HASSELT- |
22-02-2024 → 14-03-2024 |
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,730 EUR awarded · 2,730 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,730 EUR | 2,730 EUR |
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Of 4,414 companies in sector 46180 we hold annual accounts for 1,886. 1,408 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
Founded03-11-2005
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
68121Development of residential building projects
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.