ACKERMAN CHRISTINE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 13-10-2025 PDF all 16 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is over 25 times that of 2024 and the highest since 2021. It is the second rise in a row, after the fall 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.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €10,725 | - | - | €5,485 |
| Depreciation and write-downs of the year | €49,041 | €50,208 | €50,208 | €50,552 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64,039 | €55,205 | €44,078 | €49,041 | €50,208 | €50,208 | €50,552 | ▲ 0.7% |
| Other operating charges640/8 | - | - | - | €1,960 | €2,178 | €2,388 | €5,363 | ▲ 125% |
| Gross operating margin9900 | €126,536 | €122,340 | €104,658 | €95,426 | €24,037 | €55,844 | €138,035 | ▲ 147% |
| Operating profit (loss)9901 | €60,413 | €64,881 | €56,383 | €44,425 | -€28,349 | €3,248 | €82,120 | ▲ 25× |
| Financial income75/76B | - | - | - | €0 | €0 | €902 | €1,421 | ▲ 57.6% |
| Recurring financial income75 | €12 | - | €5 | €0 | €0 | €902 | €1,421 | ▲ 57.6% |
| Financial charges65/66B | - | - | - | €570 | €238 | €42 | €106 | ▲ 153% |
| Recurring financial charges65 | €4,267 | €4,010 | €1,408 | €570 | €238 | €42 | €106 | ▲ 153% |
| Profit (loss) for the period before taxes9903 | €56,158 | €60,871 | €54,980 | €43,855 | -€28,586 | €4,108 | €83,435 | ▲ 20× |
| Income taxes67/77 | €16,173 | €17,324 | €14,936 | €10,872 | €123 | €126 | €25,037 | ▲ 199× |
| Profit (loss) for the period9904 | €39,986 | €43,547 | €40,043 | €32,982 | -€28,709 | €3,982 | €58,397 | ▲ 15× |
| Profit (loss) for the period to be appropriated9905 | €39,986 | €43,547 | €40,043 | €32,982 | -€28,709 | €3,982 | €58,397 | ▲ 15× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €635,077 | €632,295 | €572,623 | €513,977 | €445,429 | €419,070 | €462,396 | ▲ 10.3% |
| Fixed assets21/28 | €425,211 | €443,757 | €444,239 | €405,923 | €352,716 | €302,508 | €257,442 | ▼ 14.9% |
| Tangible fixed assets22/27 | €422,211 | €440,757 | €441,239 | €402,923 | €352,716 | €302,508 | €257,442 | ▼ 14.9% |
| Land and buildings22 | - | - | - | €327,560 | €334,031 | €291,241 | €248,451 | ▼ 14.7% |
| Furniture and vehicles24 | - | - | - | €26,103 | €18,685 | €11,268 | €8,991 | ▼ 20.2% |
| Other tangible fixed assets26 | - | - | - | €49,261 | €0 | - | - | - |
| Financial fixed assets28 | €3,000 | €3,000 | €3,000 | €3,000 | €0 | - | - | - |
| Current assets29/58 | €209,866 | €188,538 | €128,384 | €108,053 | €92,714 | €116,562 | €204,954 | ▲ 75.8% |
| Amounts receivable within one year40/41 | €8,810 | €176 | €153 | €2,778 | €10,502 | €11,258 | €0 | ▼ 100% |
| Trade receivables40 | - | - | - | €0 | - | €2,383 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €2,778 | €10,502 | €8,874 | €0 | ▼ 100% |
| Current investments50/53 | €250 | €250 | €250 | €250 | €250 | €50,250 | €100,250 | ▲ 99.5% |
| Cash at bank and in hand54/58 | €126,865 | €123,693 | €44,210 | €64,181 | €72,348 | €41,808 | €87,919 | ▲ 110% |
| Deferred charges and accrued income490/1 | - | - | - | €40,845 | €9,614 | €13,246 | €16,784 | ▲ 26.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €635,077 | €632,295 | €572,623 | €513,977 | €445,429 | €419,070 | €462,396 | ▲ 10.3% |
| Equity10/15 | €350,521 | €394,067 | €373,110 | €353,093 | €301,383 | €280,366 | €298,777 | ▲ 6.6% |
| Contributions10/11 | €12,400 | - | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €337,516 | €380,516 | €360,516 | €339,516 | €316,516 | €267,516 | €285,530 | ▲ 6.7% |
| Non-distributable reserves130/1 | - | - | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €339,516 | €316,516 | €267,516 | €285,530 | ▲ 6.7% |
| Profit (loss) carried forward14 | €605 | €1,151 | €194 | €1,177 | -€27,533 | €450 | €847 | ▲ 88.4% |
| Provisions and deferred taxes16 | €130,676 | €130,676 | €130,676 | €130,676 | €130,676 | €130,676 | €130,676 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €130,676 | €130,676 | €130,676 | €130,676 | = |
| Pensions and similar obligations160 | - | - | - | €130,676 | €130,676 | €130,676 | €130,676 | = |
| Amounts payable17/49 | €153,880 | €107,552 | €68,837 | €30,208 | €13,370 | €8,029 | €32,943 | ▲ 310% |
| Amounts payable after more than one year17 | €114,041 | €71,224 | €34,046 | €0 | - | - | - | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €37,840 | €36,327 | €34,791 | €30,208 | €13,370 | €8,029 | €32,943 | ▲ 310% |
| Current portion of amounts payable after more than one year42 | - | - | - | €25,546 | €0 | - | - | - |
| Trade debts44 | €5,852 | €3,788 | €4,135 | €4,662 | €1,873 | €1,263 | €1,017 | ▼ 19.4% |
| Suppliers440/4 | - | - | - | €4,662 | €1,873 | €1,263 | €1,017 | ▼ 19.4% |
| Advances received on contracts in progress46 | - | - | - | - | - | €1,523 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0 | €1,150 | €2,704 | €11,125 | ▲ 311% |
| Taxes450/3 | - | - | - | €0 | €1,150 | €500 | €11,125 | ▲ 22× |
| Remuneration and social security454/9 | - | - | - | €0 | - | €2,204 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0 | €10,348 | €2,539 | €20,800 | ▲ 719% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,986 | €43,547 | €40,043 | €32,982 | -€28,709 | €3,982 | €58,397 | ▲ 15× |
| + Depreciation and write-downs630 | €64,039 | €55,205 | €44,078 | €49,041 | €50,208 | €50,208 | €50,552 | ▲ 0.7% |
| Operating cash flow (approximation) | €104,025 | €98,752 | €84,122 | €82,023 | €21,498 | €54,190 | €108,949 | ▲ 101% |
| Investment in fixed assets (approximation) | - | -€73,751 | -€44,561 | -€10,725 | €3,000 | €0 | -€5,485 | - |
| Change in cash | - | -€3,172 | -€79,483 | €19,971 | €8,167 | -€30,540 | €46,112 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,811 companies had the same profile as ACKERMAN CHRISTINE has now. Two years later, 0.3% had gone bankrupt and 96.5% were still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of ACKERMAN CHRISTINE itself: 0.1% within 12 months.
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 17,811 companies, not a prediction for ACKERMAN CHRISTINE. 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.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 13-10-2025 | 2025-00542489 | |
| 31-03-2024 | micro format | 30-09-2024 | 2024-00487395 | |
| 31-03-2023 | micro format | 09-10-2023 | 2023-00481763 | |
| 31-03-2022 | micro format | 03-11-2022 | 2022-20516849 | |
| 31-03-2021 | micro format | 20-09-2021 | 2021-67700293 | |
| 31-03-2020 | micro format | 29-10-2020 | 2020-65400511 | |
| 31-03-2019 | micro format | 29-10-2019 | 2019-72500240 | |
| 31-03-2018 | micro format | 30-10-2018 | 2018-71100400 | |
| 31-03-2017 | micro format | 26-10-2017 | 2017-67900415 | |
| 31-03-2016 | abbreviated format | 19-09-2016 | 2016-60500285 |