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ACKERSTRAETE

Active
Public limited companyfounded 1992active for 33 yearsIeperstraat 85, 8970 Poperinge, BelgiumKBO/BCE: BE 0448.929.856
Summary

ACKERSTRAETE has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €510,739 and a net result of -€34,222. Equity remains stable across the filed financial years (±2.3% per year). The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2025, full format

2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00477172.

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€34,222▼ 226%
2024 · -€10,504
Working capital
-€1.1m▼ 695%
2024 · -€132,881
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €35,451 in 2025 against €5,785 in 2024; the loss grows.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€0.04m 2025 Net result-€0.03m 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.01m-€0.02m▲ 68.9%€0.002m▼ 90.0%-€0.03m-€0.04m▼ 19.3%€0.004m-€0.006m-€0.04m▼ 513%
Net result€0.009m-€0.01m▲ 41.5%€0.001m▼ 95.0%-€0.03m-€0.04m▼ 21.4%€0.002m-€0.01m-€0.03m▼ 226%
Equity€0.6m-€0.6m▲ 2.1%€0.6m▲ 3.2%€0.6m▼ 4.9%€0.6m▼ 6.3%€0.6m▲ 0.4%€0.5m▼ 1.9%€0.5m▼ 6.3%
Total assets€0.7m-€0.7m▲ 2.3%€0.7m▲ 0.4%€0.7m▲ 2.5%€0.7m▼ 4.9%€0.7m▲ 0.8%€0.8m▲ 10.6%€1.8m▲ 133%
Debt€0.02m-€0.02m▲ 21.5%€0.02m▲ 12.1%€0.07m▲ 229%€0.07m▲ 5.9%€0.08m▲ 7.0%€0.2m▲ 107%€1.2m▲ 635%
Working capital€0.4m-€0.4m▲ 7.5%€0.3m▼ 24.4%-€0.04m-€0.03m▲ 16.4%-€0.04m▼ 16.3%-€0.1m▼ 263%-€1.1m▼ 695%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets €1.6m ▲ 121%
Current assets €143,924 ▲ 517%
Equity and liabilities €1.8m
Equity €510,739 ▼ 6.3%
Provisions €44,194 ▼ 3.4%
Debt €1.2m ▲ 635%
Debt's share of the balance-sheet total rises from 21.7% to 68.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€15,667▼
2024 · €28,514
Cash flow
€16,896▼
2024 · €23,795
Current ratio
0.12▼
2024 · 0.15
Debt to equity
2.35▲
2024 · 0.30
ROE
-6.7%▼
2024 · -1.9%
ROA
-1.9%▼
2024 · -1.4%
Interest coverage
2.51▼
2024 · 4.37
Debt ≤ 1 year
€1.2m▲
2024 · €156,204
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96.4% are still going.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a small loss
1.6% went bankrupt
1.8% stopped otherwise
96.4% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 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 74.5% 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 2,507 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 · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€0.8m€1.8m▲
Fixed assets21/28€0.7m€1.6m▲
Tangible fixed assets22/27€0.7m€1.6m▲
Land and buildings22€0.6m€0.7m▲
Plant, machinery and equipment23€0.2m€0.3m▲
Assets under construction and advance payments27-€0.7m
Financial fixed assets28€0.004m€0.004m=
Current assets29/58€0.02m€0.1m▲
Amounts receivable within one year40/41€0.005m€0.005m▲
Other amounts receivable41€0.005m€0.005m▲
Current investments50/53-€0.1m
Cash at bank and in hand54/58€0.02m€0.03m▲
Deferred charges and accrued income490/1€0.001m€186▼
Equity and liabilities
Total equity and liabilities10/49€0.8m€1.8m▲
Equity10/15€0.5m€0.5m▼
Contributions10/11€0.3m€0.3m=
Capital10€0.3m€0.3m=
Issued capital100€0.3m€0.3m=
Reserves13€0.2m€0.2m▼
Non-distributable reserves130/1€0.02m€0.02m=
Legal reserve130€0.02m€0.02m=
Tax-exempt reserves132€0.1m€0.1m▼
Distributable reserves133€0.07m€0.04m▼
Provisions and deferred taxes16€0.05m€0.04m▼
Deferred taxes168€0.05m€0.04m▼
Amounts payable17/49€0.2m€1.2m▲
Amounts payable within one year42/48€0.2m€1.2m▲
Trade debts44€0.01m€0.02m▲
Suppliers440/4€0.01m€0.02m▲
Other amounts payable47/48€0.1m€1.2m▲
Accrued charges and deferred income492/3€0.007m€0.001m▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.05m▲
Other operating charges640/8€0.007m€0.02m▲
Gross operating margin9900€0.04m€0.04m▲
Operating profit (loss)9901-€0.006m-€0.04m▼
Financial income75/76B€264€0.006m▲
Recurring financial income75€264€0.006m▲
Financial charges65/66B€0.007m€0.006m▼
Recurring financial charges65€0.007m€0.006m▼
Profit (loss) for the period before taxes9903-€0.01m-€0.04m▼
Transfer from deferred taxes780€0.002m€0.002m=
Profit (loss) for the period9904-€0.01m-€0.03m▼
Transfer from tax-exempt reserves789€0.005m€0.005m=
Profit (loss) for the period to be appropriated9905-€0.006m-€0.03m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€0.006m-€0.03m▼
Transfer from equity791/2€0.006m€0.03m▲
Transfer to equity691/2€0-
To other reserves6921€0-

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,653€17,260€24,812€55,632€65,942€28,989€34,299€51,118▲ 49.0%
Other operating charges640/8---€5,266€6,139€6,353€6,551€20,532▲ 213%
Gross operating margin9900€31,481€37,364€31,031€30,822€36,211€39,294€35,065€36,198▲ 3.2%
Operating profit (loss)9901€9,539€16,112€1,613-€30,077-€35,869€3,951-€5,785-€35,451▼ 513%
Financial income75/76B-----€616€264€5,922▲ 2,146%
Recurring financial income75-----€616€264€5,922▲ 2,146%
Financial charges65/66B---€1,344€2,750€4,094€6,528€6,238▼ 4.4%
Recurring financial charges65€745€842€941€1,344€2,750€4,094€6,528€6,238▼ 4.4%
Profit (loss) for the period before taxes9903€8,794€15,271€671-€31,421-€38,619€473-€12,048-€35,767▼ 197%
Transfer from deferred taxes780---€891€1,545€1,545€1,545€1,545=
Income taxes67/77-€2,831€280------
Profit (loss) for the period9904€8,794€12,440€620-€30,530-€37,074€2,018-€10,504-€34,222▼ 226%
Transfer from tax-exempt reserves789---€2,674€4,634€4,634€4,634€4,634=
Profit (loss) for the period to be appropriated9905€8,794€12,440€1,308-€27,856-€32,440€6,652-€5,869-€29,588▼ 404%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.8m€1.8m▲ 133%
Fixed assets21/28€0.3m€0.2m€0.3m€0.7m€0.6m€0.6m€0.7m€1.6m▲ 121%
Tangible fixed assets22/27€0.3m€0.2m€0.3m€0.7m€0.6m€0.6m€0.7m€1.6m▲ 121%
Land and buildings22---€0.7m€0.6m€0.6m€0.6m€0.7m▲ 18.6%
Plant, machinery and equipment23---€0.01m€0.03m€0.06m€0.2m€0.3m▲ 74.4%
Assets under construction and advance payments27-------€0.7m-
Financial fixed assets28€19€19€19€19€19€19€0.004m€0.004m=
Current assets29/58€0.4m€0.4m€0.3m€0.03m€0.04m€0.04m€0.02m€0.1m▲ 517%
Amounts receivable within one year40/41€5-€0.005m€0.005m€0.004m€0.007m€0.005m€0.005m▲ 0.5%
Other amounts receivable41---€0.005m€0.004m€0.007m€0.005m€0.005m▲ 0.5%
Current investments50/53-------€0.1m-
Cash at bank and in hand54/58€0.4m€0.4m€0.3m€0.03m€0.03m€0.03m€0.02m€0.03m▲ 84.8%
Deferred charges and accrued income490/1---€325€360€396€0.001m€186▼ 72.3%
Equity and liabilities
Total equity and liabilities10/49€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.8m€1.8m▲ 133%
Equity10/15€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m€0.5m€0.5m▼ 6.3%
Contributions10/11€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m=
Capital10---€0.3m€0.3m€0.3m€0.3m€0.3m=
Issued capital100---€0.3m€0.3m€0.3m€0.3m€0.3m=
Reserves13€0.3m€0.3m€0.3m€0.3m€0.2m€0.2m€0.2m€0.2m▼ 14.9%
Non-distributable reserves130/1---€0.02m€0.02m€0.02m€0.02m€0.02m=
Legal reserve130---€0.02m€0.02m€0.02m€0.02m€0.02m=
Tax-exempt reserves132---€0.2m€0.1m€0.1m€0.1m€0.1m▼ 3.4%
Distributable reserves133---€0.1m€0.07m€0.08m€0.07m€0.04m▼ 40.5%
Profit (loss) carried forward14-€0.003m-€0.01m-€0.003m------
Provisions and deferred taxes16€0.07m€0.07m€0.05m€0.05m€0.05m€0.05m€0.05m€0.04m▼ 3.4%
Deferred taxes168---€0.05m€0.05m€0.05m€0.05m€0.04m▼ 3.4%
Amounts payable17/49€0.02m€0.02m€0.02m€0.07m€0.07m€0.08m€0.2m€1.2m▲ 635%
Amounts payable within one year42/48€0.01m€0.02m€0.02m€0.07m€0.07m€0.07m€0.2m€1.2m▲ 668%
Trade debts44€0.001m-€434---€0.01m€0.02m▲ 110%
Suppliers440/4------€0.01m€0.02m▲ 110%
Other amounts payable47/48---€0.07m€0.07m€0.07m€0.1m€1.2m▲ 711%
Accrued charges and deferred income492/3---€0.001m€0.003m€0.004m€0.007m€0.001m▼ 87.0%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€8,794€12,440€620-€30,530-€37,074€2,018-€10,504-€34,222▼ 226%
+ Depreciation and write-downs630€17,653€17,260€24,812€55,632€65,942€28,989€34,299€51,118▲ 49.0%
Operating cash flow (approximation)€26,447€29,700€25,433€25,102€28,868€31,007€23,795€16,896▼ 29.0%
Investment in fixed assets (approximation)-€0-€129,911-€385,780-€22,551-€35,941-€121,612-€932,095▼ 666%
Change in cash-€33,043-€107,129-€313,238€9,067-€3,544-€13,404€15,141-

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

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Latest 10 of 33 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 31-08-2026 2026-00477172
31-12-2024 abbreviated format 29-08-2025 2025-00467156
31-12-2023 abbreviated format 28-08-2024 2024-00398227
31-12-2022 abbreviated format 30-08-2023 2023-00399320
31-12-2021 abbreviated format 26-08-2022 2022-20322137
31-12-2020 abbreviated format 30-08-2021 2021-59900191
31-12-2019 abbreviated format 24-09-2020 2020-55600110
31-12-2018 micro format 26-08-2019 2019-52300332
31-12-2017 micro format 31-08-2018 2018-59600406
31-12-2016 micro format 30-08-2017 2017-54200315

Show all 33 filings

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