Acobo

Open bankruptcy

Public limited companyfounded 1968Helleven (C) 20, 2920 Kalmthout, BelgiumKBO/BCE: BE 0406.044.275

A bankruptcy procedure is open for Acobo according to publications in the Belgian State Gazette; curator: STEVEN BOEYNAEMS. The 2024 annual accounts show equity of €57k and a net result of €-379k.

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Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1221 sector peers (2024).

NBB · sector comparison

Position among 1221 sector peers

Solvency

better than 5%

← weakest strongest →

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

22 d late

2022

60 d late

2021

36 d late

2020

30 d late

2019

17 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, abbreviated schema

Turnover

€3.54M

EBIT margin

3.8%

Net result

€-379k

2023 · €6k

2018: €14k 2019: €13k 2020: €14k 2021: €12k 2022: €8k 2023: €6k

2018 → 2024

Working capital

€50k▼ 88.1%

2023 · €423k

2018: €288k 2019: €293k 2020: €321k 2021: €319k 2022: €349k 2023: €423k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€3.54M-

Equity€409k-€422k▲ 3.0%€430k▲ 1.9%€436k▲ 1.5%€57k▼ 86.8%

Operating result€135k-€138k▲ 2.3%€165k▲ 19.1%€142k▼ 13.6%€-229k

Net result€14k-€12k▼ 11.3%€8k▼ 35.6%€6k▼ 21.4%€-379k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €229k after €142k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €2.69M

97.5%

Fixed assets €67k▼ 30.2%

Current assets €2.62M▼ 4.6%

Equity and liabilities €2.69M

97.9%

Equity €57k▼ 86.8%

Debt €2.63M▲ 9.2%

The debt ratio rises from 84.7% to 97.9%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-200k▼

2023 · €170k

Cash flow

€-350k▼

2023 · €34k

Solvency

2.1%▼

2023 · 15.3%

Current ratio

1.02▼

2023 · 1.18

Quick ratio

0.74▼

2023 · 0.82

Debt / equity

45.74▲

2023 · 5.52

ROE

-658.7%▼

2023 · 1.4%

ROA

-14.1%▼

2023 · 0.2%

Interest coverage

-1.28▼

2023 · 1.25

Debt

€2.63M▲

2023 · €2.41M

Debt ≤ 1 year

€2.57M▲

2023 · €2.32M

Debt > 1 year

€56k▼

2023 · €79k

Income taxes

€4k▼

2023 · €11k

Staff costs

€1.15M▲

2023 · €1.13M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€2.84M€2.69M▼

Fixed assets21/28€96k€67k▼

Tangible fixed assets22/27€96k€67k▼

Furniture and vehicles24€52k€29k▼

Other tangible fixed assets26€44k€38k▼

Financial fixed assets28€654€654=

Current assets29/58€2.75M€2.62M▼

Stocks and contracts in progress3€840k€715k▼

Stocks30/36€260k€250k▼

Contracts in progress37€580k€465k▼

Amounts receivable within one year40/41€1.89M€1.82M▼

Trade receivables40€1.67M€1.57M▼

Other amounts receivable41€214k€252k▲

Cash at bank and in hand54/58€17k€81k▲

Deferred charges and accrued income490/1€2k€4k▲

Equity and liabilities

Total equity and liabilities10/49€2.84M€2.69M▼

Equity10/15€436k€57k▼

Contributions10/11€348k€348k=

Capital10€348k€348k=

Issued capital100€348k€348k=

Reserves13€88k€88k=

Non-distributable reserves130/1€35k€35k=

Legal reserve130€35k€35k=

Tax-exempt reserves132€8k€8k=

Distributable reserves133€45k€45k=

Profit (loss) carried forward14-€-379k

Amounts payable17/49€2.41M€2.63M▲

Amounts payable after more than one year17€79k€56k▼

Financial debts170/4€79k€56k▼

Amounts payable within one year42/48€2.32M€2.57M▲

Financial debts43€1.09M€1.34M▲

Credit institutions430/8€1.09M€1.34M▲

Trade debts44€587k€704k▲

Suppliers440/4€587k€704k▲

Taxes, remuneration and social security45€650k€439k▼

Taxes450/3€233k€347k▲

Remuneration and social security454/9€416k€92k▼

Other amounts payable47/48-€88k

Accrued charges and deferred income492/3€4k€4k▲

Income statement Code20232024

Remuneration, social security and pensions62€1.13M€1.15M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€29k▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€207€0▼

Other operating charges640/8€22k€13k▼

Gross operating margin9900€1.33M€960k▼

Operating profit (loss)9901€142k€-229k▼

Financial income75/76B€11k€11k▲

Recurring financial income75€11k€11k▲

Financial charges65/66B€137k€157k▲

Recurring financial charges65€137k€157k▲

Profit (loss) for the period before taxes9903€17k€-375k▼

Income taxes67/77€11k€4k▼

Profit (loss) for the period9904€6k€-379k▼

Profit (loss) for the period to be appropriated9905€6k€-379k▼

Appropriation of the result

Profit (loss) to be appropriated9906€6k€-379k▼

Transfer to equity691/2€6k€0▼

To other reserves6921€6k€0▼

Social balance

Average headcount (FTE)908719.221.0▲

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Signals 1Financial 1Filings 10

2025

19-11

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · ACOBO NV HELLEVEN 20, 2920 KALMTHOUT · event 13-11-2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 61 days late

2024

31-12

Financial Weakest financial yearnet €-379k ▼6117%

Net result drops to €-379k, the lowest in the series.

22-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 22 days late

2023

29-09

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 60 days late

2022

05-09

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 36 days late

2021

30-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 30 days late

2020

14-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

21-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 21 days late

2018

07-09

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 38 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 31 days late

2016

31-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 31 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

14 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, Kalmthout · 1 establishment unit since 1966

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ground area

1.3 ha

Building footprint

2,284 m²

Volume, LiDAR

10,780 m³

Parcel 11662E0576/00C011, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.