ACET
ActiveSummary
The computed 12-month bankruptcy probability of ACET is 3.4% (moderate). The 2024 annual accounts show equity of €165,563 and a net result of -€998. Equity has been stable since 2018 (±0.1% per year). Its solvency ranks better than 68% of 673 sector peers (NACE 55, financial year 2024). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-10-2004 Normal situation
- Activity
- Other holiday and short-stay accommodation NACE 55209and 2 others
- Establishment units
- 2.149.741.318 8480 Ichtegem, since 25-10-2004
- 2.246.742.803 8820 Torhout, since 01-10-2013and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 31-03-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.4%
- Gross margin
- €13,788
- ▼ 14.1%
- Turnover
- ≈ €71,000
- estimated
- Loss
- €998
- Equity
- €165,563
- ▼ 0.6%
- Total assets
- €331,391
- ▼ 6.7%
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 10-10-2025)Liquidity: current ratio 0.02, cash €11, halved1 financial year not filed after the legal deadline; last filed accounts filed 68 days late; 3 of the last 3 accounts latelowers riskFounded in 2004Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 55, micro). It does better than 71% of them on solvency, 32% on liquidity, 48% on profitability and 45% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 419 days after the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.
Annual accounts 2024 filed on 07-10-2025 PDF all 20 filings
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is 53% lower than in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Accommodation (NACE 55). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as ACET: other holiday and short-stay accommodation (NACE 55209). They are comparable in size and age: total assets between €258,000 and €384,000, founded between 1990 and 2010.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| ACET Ichtegem | 2004 | €331,391 | €165,563 | €13,788 | -€998 | 2024 |
| GOOD LOOK Nieuwpoort | 2003 | €266,627 | -€66,369 | €18,227 | -€5,113 | 2025 |
| st.op.Z Gistel | 2009 | €279,468 | €273,641 | €9,906 | €635 | 2025 |
| DONK 3 Sint-Katelijne-Waver | 2010 | €312,429 | -€75,751 | €15,235 | -€23,007 | 2025 |
| M en M IMMO INVEST Hasselt | 1995 | €384,069 | €88,956 | €18,031 | €1,263 | 2024 |
| Sint-Coryn Lo-Reninge | 1990 | €258,060 | €67,095 | €7,249 | -€17,350 | 2026 |
| MARVAL Schilde | 1990 | €280,749 | €103,755 | €16,089 | -€204 | 2025 |
They were chosen from the 240 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 12,322 companies had the same profile as ACET has now. Two years later, 0.7% had gone bankrupt and 90.3% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ACET itself is higher: 3.4% within 12 months. It rests on far more data about ACET than the profile alone.
Test of the method
The method was tested on the 497,446 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 12,322 companies, not a prediction for ACET. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,116 | €10,116 | €10,116 | €10,116 | €10,116 | €9,949 | €9,949 | = |
| Other operating charges640/8 | - | - | €103 | €103 | €112 | €3,594 | €2,666 | ▼ 25.8% |
| Gross operating margin9900 | €19,048 | €17,687 | €8,416 | €10,051 | €11,928 | €16,060 | €13,788 | ▼ 14.1% |
| Operating profit (loss)9901 | €6,625 | €3,757 | -€1,803 | -€168 | €1,700 | €2,517 | €1,173 | ▼ 53.4% |
| Financial charges65/66B | - | - | - | - | - | €1,133 | €2,171 | ▲ 91.7% |
| Recurring financial charges65 | €6,297 | €3,589 | - | - | - | €1,133 | €2,171 | ▲ 91.7% |
| Profit (loss) for the period before taxes9903 | €327 | €169 | -€1,803 | -€168 | €1,700 | €1,384 | -€998 | - |
| Profit (loss) for the period9904 | €327 | €169 | -€1,803 | -€168 | €1,700 | €1,384 | -€998 | - |
| Profit (loss) for the period to be appropriated9905 | €327 | €169 | -€1,803 | -€168 | €1,700 | €1,384 | -€998 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €396,931 | €379,690 | €369,460 | €359,018 | €350,083 | €355,087 | €331,391 | ▼ 6.7% |
| Fixed assets21/28 | €388,628 | €378,512 | €368,396 | €358,280 | €348,164 | €338,718 | €328,769 | ▼ 2.9% |
| Tangible fixed assets22/27 | €388,265 | €378,149 | €368,033 | €357,917 | €347,801 | €338,355 | €328,406 | ▼ 2.9% |
| Land and buildings22 | - | - | €368,033 | €357,917 | €347,801 | €338,355 | €328,406 | ▼ 2.9% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €8,302 | €1,178 | €1,064 | €738 | €1,919 | €16,369 | €2,622 | ▼ 84.0% |
| Amounts receivable within one year40/41 | €1,095 | €386 | €386 | €386 | €386 | €8,944 | €2,611 | ▼ 70.8% |
| Trade receivables40 | - | - | - | - | - | €6,000 | - | - |
| Other amounts receivable41 | - | - | €386 | €386 | €386 | €2,944 | €2,611 | ▼ 11.3% |
| Cash at bank and in hand54/58 | €7,208 | €792 | €678 | €352 | €1,533 | €7,425 | €11 | ▼ 99.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €396,931 | €379,690 | €369,460 | €359,018 | €350,083 | €355,087 | €331,391 | ▼ 6.7% |
| Equity10/15 | €164,542 | €164,711 | €162,908 | €162,740 | €164,440 | €166,561 | €165,563 | ▼ 0.6% |
| Contributions10/11 | €167,600 | €167,600 | €167,600 | €167,600 | €167,600 | €167,600 | €167,600 | = |
| Profit (loss) carried forward14 | -€3,058 | -€2,889 | -€4,692 | -€4,860 | -€3,160 | -€1,039 | -€2,037 | ▼ 96.0% |
| Amounts payable17/49 | €232,388 | €214,979 | €206,552 | €196,278 | €185,643 | €188,526 | €165,828 | ▼ 12.0% |
| Amounts payable after more than one year17 | €191,165 | €174,824 | €164,297 | €150,560 | €126,384 | €82,921 | €59,991 | ▼ 27.7% |
| Financial debts170/4 | - | - | €159,897 | €146,160 | €121,984 | €78,521 | €55,591 | ▼ 29.2% |
| Other amounts payable178/9 | - | - | €4,400 | €4,400 | €4,400 | €4,400 | €4,400 | = |
| Amounts payable within one year42/48 | €41,223 | €40,155 | €42,255 | €45,718 | €59,259 | €105,605 | €105,837 | ▲ 0.2% |
| Current portion of amounts payable after more than one year42 | - | - | €16,527 | €17,152 | €21,420 | €21,899 | €21,684 | ▼ 1.0% |
| Trade debts44 | €5,011 | €1,790 | €680 | €918 | €1,250 | €8,343 | €8,789 | ▲ 5.4% |
| Suppliers440/4 | - | - | €680 | €918 | €1,250 | €8,343 | €8,789 | ▲ 5.4% |
| Other amounts payable47/48 | - | - | €25,048 | €27,648 | €36,589 | €75,363 | €75,363 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €327 | €169 | -€1,803 | -€168 | €1,700 | €1,384 | -€998 | - |
| + Depreciation and write-downs630 | €10,116 | €10,116 | €10,116 | €10,116 | €10,116 | €9,949 | €9,949 | = |
| Operating cash flow (approximation) | €10,444 | €10,285 | €8,313 | €9,948 | €11,816 | €11,333 | €8,951 | ▼ 21.0% |
| Investment in fixed assets (approximation) | - | €0 | -€0 | €0 | €0 | -€502 | €0 | - |
| Change in cash | - | -€6,415 | -€114 | -€326 | €1,181 | €5,892 | -€7,415 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 07-10-2025 | 2025-00538221 | |
| 31-12-2023 | abbreviated format | 07-10-2025 | 2025-00538220 | |
| 31-12-2022 | abbreviated format | 02-05-2024 | 2024-00078901 | |
| 31-12-2021 | abbreviated format | 02-05-2024 | 2024-00078900 | |
| 31-12-2020 | abbreviated format | 02-05-2024 | 2024-00078898 | |
| 31-12-2019 | micro format | 31-10-2020 | 2020-68200451 | |
| 31-12-2018 | micro format | 11-12-2019 | 2019-75800599 | |
| 31-12-2017 | micro format | 29-09-2018 | 2018-67700043 | |
| 31-12-2016 | micro format | 14-07-2017 | 2017-31600104 | |
| 31-12-2015 | abbreviated format | 08-08-2016 | 2016-41000285 |
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 35006D0597/00W000 | Flanders | 4,854 m² | 1 · 457 m² | 6.3 m · 2 |
| 31033A0418/00A002 | Flanders | 1,598 m² | 1 · 60 m² | 6.6 m · 2 |