ACIIPH
ActiveSummary
The computed 12-month bankruptcy probability of ACIIPH is 2.1% (moderate). The 2024 annual accounts show negative equity (-€27,836) and a net result of €103,592. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 15872 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability97▲+93
Solvency19▲+19
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.94 against 0.78 in 2023; short-term debt: 106% and cash: 6.3% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-6%
Return on assets
22.3%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 15872 sector peers (2024).
NBB · sector comparisonPosition among 15872 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-11-2025, 102 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
102 d late
2023
67 d late
2022
833 d late
2021
1198 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 550 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€27,836▲ 78.8%
2023 · -€131,428
Total assets
€463,999▼ 4.8%
2023 · €487,255
Net result
€103,592
2023 · -€56,053
Working capital
-€27,925▲ 79.3%
2023 · -€134,671
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result-€47,759--€113,868▼ 138%-€83,950▲ 26.3%€103,824
Net result-€665within the sector's middle half--€84,910below the sector's middle half▼ 12,671%-€56,053below the sector's middle half▲ 34.0%€103,592above the sector's middle half
Equity€9,535within the sector's middle half--€75,375below the sector's middle half-€131,428below the sector's middle half▼ 74.4%-€27,836below the sector's middle half▲ 78.8%
Total assets€498,266above the sector's middle half-€386,089within the sector's middle half▼ 22.5%€487,255above the sector's middle half▲ 26.2%€463,999above the sector's middle half▼ 4.8%
Debt€488,731-€461,464▼ 5.6%€618,683▲ 34.1%€491,836▼ 20.5%
Working capital-€183within the sector's middle half--€81,091below the sector's middle half▼ 44,180%-€134,671below the sector's middle half▼ 66.1%-€27,925below the sector's middle half▲ 79.3%
Solvency1.9%below the sector's middle half--19.5%below the sector's middle half▼ 21.4pp-27.0%below the sector's middle half▼ 7.5pp-6.0%below the sector's middle half▲ 21.0pp
Current ratio1.00within the sector's middle half-0.82below the sector's middle half▼ 0.180.78below the sector's middle half▼ 0.040.94within the sector's middle half▲ 0.16
Return on assets (ROA)-0.1%within the sector's middle half--22.0%below the sector's middle half▼ 21.9pp-11.5%below the sector's middle half▲ 10.5pp22.3%above the sector's middle half▲ 33.8pp
Staff (FTE)1-1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €103,824 after a loss of €83,950 in 2023, the highest result in the available series.
Key figures and ratios
EBITDA
€104,046▲
2023 · -€81,477
Cash flow
€103,814▲
2023 · -€53,580
Debt to equity
-17.67▼
2023 · -4.71
Interest coverage
55.32▲
2023 · -24.80
Debt ≤ 1 year
€491,836▼
2023 · €618,683
Income taxes
€391
Staff costs
€47,633▼
2023 · €74,984
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,178 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,662 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% | 1.7% |
| 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 75% 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 2,178 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €13,358 | - |
| Remuneration, social security and pensions62 | €78,988 | €67,685 | €74,984 | €47,633 | ▼ 36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,001 | €2,736 | €2,473 | €222 | ▼ 91.0% |
| Other operating charges640/8 | €4,555 | €13,351 | €20,257 | €27,968 | ▲ 38.1% |
| Gross operating margin9900 | €39,785 | -€30,097 | €13,764 | €179,648 | ▲ 1,205% |
| Operating profit (loss)9901 | -€47,759 | -€113,868 | -€83,950 | €103,824 | ▲ 224% |
| Financial income75/76B | €50,267 | €38,734 | €31,182 | €2,040 | ▼ 93.5% |
| Recurring financial income75 | €50,267 | €38,734 | €31,182 | €2,040 | ▼ 93.5% |
| Financial charges65/66B | €3,173 | €1,254 | €3,286 | €1,881 | ▼ 42.8% |
| Recurring financial charges65 | €3,173 | €1,254 | €3,286 | €1,881 | ▼ 42.8% |
| Profit (loss) for the period before taxes9903 | -€665 | -€76,388 | -€56,053 | €103,983 | ▲ 286% |
| Income taxes67/77 | - | €8,522 | - | €391 | - |
| Profit (loss) for the period9904 | -€665 | -€84,910 | -€56,053 | €103,592 | ▲ 285% |
| Profit (loss) for the period to be appropriated9905 | -€665 | -€84,910 | -€56,053 | €103,592 | ▲ 285% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €498,266 | €386,089 | €487,255 | €463,999 | ▼ 4.8% |
| Formation expenses20 | €755 | €533 | €311 | €89 | ▼ 71.4% |
| Fixed assets21/28 | €8,963 | €5,183 | €2,932 | - | - |
| Tangible fixed assets22/27 | €7,697 | €5,183 | €2,932 | - | - |
| Furniture and vehicles24 | €7,697 | €5,183 | €2,932 | - | - |
| Financial fixed assets28 | €1,267 | - | - | - | - |
| Current assets29/58 | €488,548 | €380,373 | €484,012 | €463,911 | ▼ 4.2% |
| Amounts receivable within one year40/41 | €314,003 | €367,932 | €455,669 | €433,141 | ▼ 4.9% |
| Trade receivables40 | €289,135 | €271,634 | €264,247 | €253,242 | ▼ 4.2% |
| Other amounts receivable41 | €24,868 | €96,298 | €191,422 | €179,898 | ▼ 6.0% |
| Cash at bank and in hand54/58 | €174,473 | €12,117 | €27,245 | €29,236 | ▲ 7.3% |
| Deferred charges and accrued income490/1 | €72 | €324 | €1,099 | €1,534 | ▲ 39.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €498,266 | €386,089 | €487,255 | €463,999 | ▼ 4.8% |
| Equity10/15 | €9,535 | -€75,375 | -€131,428 | -€27,836 | ▲ 78.8% |
| Contributions10/11 | €10,200 | €10,200 | €10,200 | €10,200 | = |
| Profit (loss) carried forward14 | -€665 | -€85,575 | -€141,628 | -€38,036 | ▲ 73.1% |
| Amounts payable17/49 | €488,731 | €461,464 | €618,683 | €491,836 | ▼ 20.5% |
| Amounts payable within one year42/48 | €488,731 | €461,464 | €618,683 | €491,836 | ▼ 20.5% |
| Trade debts44 | €389,049 | €348,643 | €549,654 | €441,121 | ▼ 19.7% |
| Suppliers440/4 | €389,049 | €348,643 | €549,654 | €441,121 | ▼ 19.7% |
| Taxes, remuneration and social security45 | €94,341 | €105,299 | €66,437 | €50,362 | ▼ 24.2% |
| Taxes450/3 | €82,970 | €88,066 | €45,911 | €40,500 | ▼ 11.8% |
| Remuneration and social security454/9 | €11,371 | €17,233 | €20,526 | €9,862 | ▼ 52.0% |
| Other amounts payable47/48 | €5,341 | €7,523 | €2,592 | €352 | ▼ 86.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€665 | -€84,910 | -€56,053 | €103,592 | ▲ 285% |
| + Depreciation and write-downs630 | €4,001 | €2,736 | €2,473 | €222 | ▼ 91.0% |
| Operating cash flow (approximation) | €3,336 | -€82,174 | -€53,580 | €103,814 | ▲ 294% |
| Investment in fixed assets (approximation) | - | €1,045 | -€222 | - | - |
| Change in cash | - | -€162,356 | €15,127 | €1,991 | ▼ 86.8% |
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
2025
10-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 102 days late
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 833 days late
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1198 days late
2024
31-12
Financial
Back to profitnet €103,592
Net result €103,592 after 3 loss-making years.
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 67 days late
2022
31-12
Financial
Weakest financial yearnet -€84,910
Net result drops to -€84,910, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Tournai · 1 establishment unit since 2024
Ground area
968 m²
Building footprint
795 m²
Volume, LiDAR
4,906 m³
Parcel 57033A0156/00B002, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ACIIPH
since 20242.363.393.320
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57033A0156/00B002 | Wallonia | 968 m² | 1 · 795 m² | 9.2 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.
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Of 332 companies in sector 46492 we hold annual accounts for 240. 66 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
Founded28-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46492Wholesale trade
31001Manufacture of furniture
74130Interior design
Contact
E-mail
asolivier16@gmail.com
Phone
+33645352150
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747702823
Also
9925:BE0747702823
Registered
07-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.