Skip to content

ACINOX

Active
Private limited company (pre-2019)founded 200818 yrs activeRue Raoul Warocqué(MLZ) 8, 7140 Morlanwelz, BelgiumKBO/BCE: BE 0897.362.539
Summary

The computed 12-month bankruptcy probability of ACINOX is 1.7% (moderate). The 2024 annual accounts show negative equity (-€174,526) and a net result of -€10,261. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2438 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth55=
Track record100
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.22 in 2023; short-term debt: 450.2% of total assets), and equity is negative.
Credit check for your own amount and term

Show the recommended maximum : and 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
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 2024
Solvency, return and age of the figures
Solvency
-350.2%
Return on assets
-20.6%
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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 18 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€174,526
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 17-07-2026, 351 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
351 d late
2023
330 d late
2022
221 d late
2021
584 d late
2020
132 d late
2019
92 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 285 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 15 April 2008, ACINOX was incorporated.1 Revenue went from EUR 111,733 in 2018 to EUR 170,154 in 2020 and headcount from 0.8 full-time equivalents in 2020 to 2.4 in 2022.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2020 and 2022

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Turnover
€170,154▲ 21.4%
2019 · €140,200
EBIT margin
0.3%▼ 2.4pp
2019 · 2.7%
Net result
-€10,261▲ 86.3%
2023 · -€74,838
Working capital
-€183,488▼ 4.1%
2023 · -€176,179
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€170,154▲ 21.4%
Operating result€497▼ 86.9%-€48,322-€39,869▲ 17.5%-€70,343▼ 76.4%-€9,824▲ 86.0%
Net result-€4,241below the sector's middle half▼ 419%-€49,932below the sector's middle half▼ 1,077%-€45,770below the sector's middle half▲ 8.3%-€74,838below the sector's middle half▼ 63.5%-€10,261below the sector's middle half▲ 86.3%
EBIT margin0.3%▼ 2.4pp
Equity€6,276below the sector's middle half▼ 40.3%-€43,656below the sector's middle half-€89,426below the sector's middle half▼ 105%-€164,265below the sector's middle half▼ 83.7%-€174,526below the sector's middle half▼ 6.2%
Total assets€81,041below the sector's middle half▲ 39.3%€82,142below the sector's middle half▲ 1.4%€90,253within the sector's middle half▲ 9.9%€62,261below the sector's middle half▼ 31.0%€49,839below the sector's middle half▼ 20.0%
Debt€74,765▲ 56.9%€125,798▲ 68.3%€179,679▲ 42.8%€226,526▲ 26.1%€224,365▼ 1.0%
Working capital€2,679below the sector's middle half▼ 63.5%-€59,768below the sector's middle half-€104,010below the sector's middle half▼ 74.0%-€176,179below the sector's middle half▼ 69.4%-€183,488below the sector's middle half▼ 4.1%
Solvency7.7%below the sector's middle half▼ 10.3pp-53.1%below the sector's middle half▼ 60.9pp-99.1%below the sector's middle half▼ 45.9pp-263.8%below the sector's middle half▼ 164.7pp-350.2%below the sector's middle half▼ 86.3pp
Current ratio1.04below the sector's middle half▼ 0.120.52below the sector's middle half▼ 0.510.42below the sector's middle half▼ 0.100.22below the sector's middle half▼ 0.200.18below the sector's middle half▼ 0.04
Return on assets (ROA)-5.2%below the sector's middle half▼ 3.8pp-60.8%below the sector's middle half▼ 55.6pp-50.7%below the sector's middle half▲ 10.1pp-120.2%below the sector's middle half▼ 69.5pp-20.6%below the sector's middle half▲ 99.6pp
Staff (FTE)0.8below the sector's middle half2.6▲ 225%2.4▼ 7.7%
above within below the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€80,000-€60,000-€40,000-€20,000€0Operating result 2020: €497€497Net result 2020: -€4,241-€4,241Operating result 2021: -€48,322-€48,322Net result 2021: -€49,932-€49,932Operating result 2022: -€39,869-€39,869Net result 2022: -€45,770-€45,770Operating result 2023: -€70,343-€70,343Net result 2023: -€74,838-€74,838Operating result 2024: -€9,824-€9,824Net result 2024: -€10,261-€10,26120202021202220232024-€80,000-€60,000-€40,000-€20,000€0Operating result 2022: -€39,869-€39,900Net result 2022: -€45,770-€45,800Operating result 2023: -€70,343-€70,300Net result 2023: -€74,838-€74,800Operating result 2024: -€9,824-€9,820Net result 2024: -€10,261-€10,300202220232024
The operating result stays negative: a loss of €9,824 in 2024 against €70,343 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €49,839
Fixed assets €8,962 ▼ 24.8%
Current assets €40,877 ▼ 18.8%
Equity and liabilities
Equity-€174,526
Debt€224,365
Equity is negative: debt (€224,365) exceeds the balance-sheet total (€49,839).
Key figures and ratios
2024 value · change against 2023
EBITDA
-€6,872▲
2023 · -€66,532
Cash flow
-€7,309▲
2023 · -€71,027
Quick ratio
0.08▼
2023 · 0.12
Interest coverage
-15.73▲
2023 · -17.31
Debt ≤ 1 year
€224,365▼
2023 · €226,526
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
5.8% went bankrupt
8.1% stopped otherwise
85% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 6,906 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet Code20232024
Assets
Total assets20/58€62,261€49,839▼
Fixed assets21/28€11,914€8,962▼
Tangible fixed assets22/27€11,914€8,962▼
Plant, machinery and equipment23€1,883€1,027▼
Furniture and vehicles24€2,296€1,261▼
Other tangible fixed assets26€7,735€6,674▼
Current assets29/58€50,347€40,877▼
Stocks and contracts in progress3€22,109€22,109=
Stocks30/36€22,109€22,109=
Amounts receivable within one year40/41€27,885€18,756▼
Trade receivables40€12,593€8,698▼
Other amounts receivable41€15,293€10,058▼
Deferred charges and accrued income490/1€353€12▼
Equity and liabilities
Total equity and liabilities10/49€62,261€49,839▼
Equity10/15-€164,265-€174,526▼
Contributions10/11€6,500€6,500=
Reserves13€9,900€9,900=
Non-distributable reserves130/1€1,900€1,900=
Reserves not available under the articles1311€1,900€1,900=
Distributable reserves133€8,000€8,000=
Profit (loss) carried forward14-€180,665-€190,926▼
Amounts payable17/49€226,526€224,365▼
Amounts payable within one year42/48€226,526€224,365▼
Financial debts43€12,470€12,904▲
Credit institutions430/8€12,470€12,904▲
Trade debts44€64,203€64,750▲
Suppliers440/4€64,203€64,750▲
Taxes, remuneration and social security45€54,447€41,090▼
Taxes450/3€14,296€7,258▼
Remuneration and social security454/9€40,152€33,832▼
Other amounts payable47/48€95,406€105,621▲
Income statement Code20232024
Remuneration, social security and pensions62€48,927-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,812€2,953▼
Other operating charges640/8€3,079€1,877▼
Gross operating margin9900-€14,525-€4,994▲
Operating profit (loss)9901-€70,343-€9,824▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€3,844€437▼
Recurring financial charges65€3,844€437▼
Profit (loss) for the period before taxes9903-€74,188-€10,261▲
Income taxes67/77€651-
Profit (loss) for the period9904-€74,838-€10,261▲
Profit (loss) for the period to be appropriated9905-€74,838-€10,261▲
Appropriation of the result
Profit (loss) to be appropriated9906-€180,665-€190,926▼
Profit (loss) brought forward from the previous period14P-€105,826-€180,665▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70€170,154-----
Remuneration, social security and pensions62-€46,173€63,545€48,927--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,391€2,146€3,478€3,812€2,953▼ 22.5%
Other operating charges640/8-€3,323€6,770€3,079€1,877▼ 39.0%
Gross operating margin9900€15,541€3,321€33,924-€14,525-€4,994▲ 65.6%
Operating profit (loss)9901€497-€48,322-€39,869-€70,343-€9,824▲ 86.0%
Financial income75/76B-€58--€0-
Recurring financial income75-€58--€0-
Financial charges65/66B-€996€5,235€3,844€437▼ 88.6%
Recurring financial charges65€2,060€996€5,235€3,844€437▼ 88.6%
Profit (loss) for the period before taxes9903-€1,563-€49,260-€45,104-€74,188-€10,261▲ 86.2%
Income taxes67/77€2,678€672€666€651--
Profit (loss) for the period9904-€4,241-€49,932-€45,770-€74,838-€10,261▲ 86.3%
Profit (loss) for the period to be appropriated9905-€4,241-€49,932-€45,770-€74,838-€10,261▲ 86.3%
Line20202021202220232024Change
Assets
Total assets20/58€81,041€82,142€90,253€62,261€49,839▼ 20.0%
Fixed assets21/28€3,597€16,112€14,584€11,914€8,962▼ 24.8%
Tangible fixed assets22/27€3,597€16,112€14,584€11,914€8,962▼ 24.8%
Plant, machinery and equipment23-€2,795€1,905€1,883€1,027▼ 45.5%
Furniture and vehicles24-€5,469€3,883€2,296€1,261▼ 45.1%
Other tangible fixed assets26-€7,849€8,796€7,735€6,674▼ 13.7%
Current assets29/58€77,444€66,030€75,669€50,347€40,877▼ 18.8%
Stocks and contracts in progress3€13,425€33,425€31,425€22,109€22,109=
Stocks30/36-€33,425€31,425€22,109€22,109=
Amounts receivable within one year40/41€55,407€30,551€43,426€27,885€18,756▼ 32.7%
Trade receivables40-€22,573€34,493€12,593€8,698▼ 30.9%
Other amounts receivable41-€7,978€8,934€15,293€10,058▼ 34.2%
Cash at bank and in hand54/58€7,826-----
Deferred charges and accrued income490/1-€2,054€818€353€12▼ 96.5%
Equity and liabilities
Total equity and liabilities10/49€81,041€82,142€90,253€62,261€49,839▼ 20.0%
Equity10/15€6,276-€43,656-€89,426-€164,265-€174,526▼ 6.2%
Contributions10/11€6,500€6,500€6,500€6,500€6,500=
Reserves13€9,900€9,900€9,900€9,900€9,900=
Non-distributable reserves130/1-€1,900€1,900€1,900€1,900=
Reserves not available under the articles1311-€1,900€1,900€1,900€1,900=
Distributable reserves133-€8,000€8,000€8,000€8,000=
Profit (loss) carried forward14-€10,124-€60,056-€105,826-€180,665-€190,926▼ 5.7%
Amounts payable17/49€74,765€125,798€179,679€226,526€224,365▼ 1.0%
Amounts payable within one year42/48€74,765€125,798€179,679€226,526€224,365▼ 1.0%
Financial debts43-€5,887€9,175€12,470€12,904▲ 3.5%
Credit institutions430/8-€5,887€9,175€12,470€12,904▲ 3.5%
Trade debts44€49,089€40,623€85,181€64,203€64,750▲ 0.9%
Suppliers440/4-€40,623€85,181€64,203€64,750▲ 0.9%
Taxes, remuneration and social security45-€8,943€8,606€54,447€41,090▼ 24.5%
Taxes450/3-€3,350€1,339€14,296€7,258▼ 49.2%
Remuneration and social security454/9-€5,593€7,267€40,152€33,832▼ 15.7%
Other amounts payable47/48-€70,345€76,718€95,406€105,621▲ 10.7%
Line20202021202220232024Change
Profit (loss) for the period9904-€4,241-€49,932-€45,770-€74,838-€10,261▲ 86.3%
+ Depreciation and write-downs630€1,391€2,146€3,478€3,812€2,953▼ 22.5%
Operating cash flow (approximation)-€2,850-€47,786-€42,292-€71,027-€7,309▲ 89.7%
Investment in fixed assets (approximation)--€14,661-€1,950-€1,142€0▲ 100%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2026
17-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 351 days late
2025
26-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 330 days late
2024
08-03
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 221 days late
06-03
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 584 days late
2023
31-12
Financial Weakest financial yearnet -€74,838
Net result drops to -€74,838, the lowest in the series; recovery starts the following year.
13-10
Bankruptcy Judicial dissolution, liquidator appointed
Tribunal de l’entreprise du Hainaut, division Charleroi · liquidator: Charlez Francois · event 09-10-2023
2021
10-12
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 132 days late
2020
31-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 92 days late
2019
31-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
17-12
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 139 days late
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 30 days late
22-03
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 234 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Morlanwelz · 1 establishment unit since 2008
seat establishment The establishment unit on the map
Ground area
456 m²
Building footprint
91 m²
Parcel 56057A0571/00N007, Wallonia. Linked by address, not a title deed.
1 establishment unit
ACINOX
Rue Raoul Warocqué(MLZ) 8, 7140 MorlanwelzManufacture of basic metals
since 20082.170.342.039
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
56057A0571/00N007 Wallonia 456 m² 1 · 91 m² -
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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 909 companies in this sector we hold annual accounts for 678. See the whole sector

Company details

Identification
Legal formPrivate limited company (pre-2019)
Founded15-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
25120Manufacture of fabricated metal products, except machinery and equipment
Contact
E-mail carmelo.marotta@mhp.beMorlanwelz
Phone 071221113Morlanwelz
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.