Checked.be
Active
BE 0727.757.346Private limited company
ACORUJA
Houtemstraat 10B ·9550 Herzele, Belgium· 7 yrs active
Sector: Other education
(85599)
Conclusion
ACORUJA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €150k and a net result of €1k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 39% of 2541 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €150k |
| Net result | €1k |
| Better than sector | 39% |
| Active | 7 yrs |
Financial profile
57
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
58
Profitability
4
Solvency
71
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
58
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€9k
estimate, not credit advice
Score history
93
2021
76
2022
58
2023
58
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.64 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.64 (≥ 1.0)
+5
Profitability
ROE 1%
+3
Interest coverage
Interest coverage 1.2× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 18-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~74% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 85, Education · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 31.1% | 45.8% | |
| Net result | €1k | €7k | |
| Equity | €150k | €34k | |
| Gross operating margin | €100k | €26k | |
| Total assets | €483k | €95k |
€86k
+7.6%
21-24
€1k
-48.0%
21-24
€12k
-14.0%
21-24
€483k
-10.2%
21-24
€150k
+0.7%
21-24
€135k
-37.5%
21-24
€3k
-13.4%
21-24
€0
-100.0%
21-24
€332k
-14.4%
21-24
€82k
+74.4%
21-24
€130k
-11.3%
21-24
2.64
-52.7%
21-24
2.64
-52.7%
21-24
31.1%
+12.1%
21-24
2.22
-15.0%
21-24
0.7%
-48.4%
21-24
0.2%
-42.2%
21-24
1.20
-5.1%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €86k | €80k | €20k | €67k |
| Net profit | €1k | €2k | €3k | €45k |
| Cash flow | €12k | €13k | €14k | €47k |
| Staff costs | - | - | - | - |
| Income taxes | €3k | €3k | €4k | €19k |
| Dividends | - | - | €0 | €800 |
| Total assets | €483k | €537k | €456k | €201k |
| Equity | €150k | €149k | €147k | €144k |
| Debt | €332k | €388k | €309k | €57k |
| of which ≤ 1y | €82k | €47k | €35k | €56k |
| of which > 1y | €130k | €147k | €163k | - |
| Working capital | €135k | €216k | €138k | €139k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 2.64 | 5.59 | 4.93 | 3.47 |
| Quick ratio | 2.64 | 5.59 | 4.93 | 3.47 |
| Working capital ratio | 28.0% | 40.2% | 30.3% | 69.4% |
| Solvency | 31.1% | 27.7% | 32.2% | 71.8% |
| Debt / equity | 2.22 | 2.61 | 2.10 | 0.39 |
| Long-term debt ratio | 0.87 | 0.99 | 1.11 | - |
| Interest coverage | 1.20 | 1.26 | 9.38 | 89.57 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 0.2% | 0.4% | 0.6% | 22.4% |
| ROE | 0.7% | 1.4% | 1.9% | 31.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €483k | €537k | €456k | €201k |
| Fixed assets | 21/28 | €266k | €274k | €282k | €5k |
| Tangible fixed assets | 22/27 | €266k | €274k | €282k | €5k |
| Financial fixed assets | 28 | €105 | €105 | €105 | €105 |
| Current assets | 29/58 | €217k | €263k | €173k | €196k |
| Amounts receivable within one year | 40/41 | €294 | €19k | €5k | €33k |
| Cash & bank | 54/58 | €193k | €232k | €154k | €160k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €483k | €537k | €456k | €201k |
| Equity | 10/15 | €150k | €149k | €147k | €144k |
| Contributions / capital | 10/11 | €25k | €25k | €25k | €25k |
| Reserves | 13 | €125k | €124k | €122k | €119k |
| Accumulated profits (losses) | 14 | - | - | €0 | €0 |
| Amounts payable | 17/49 | €332k | €388k | €309k | €57k |
| Amounts payable after one year | 17 | €130k | €147k | €163k | - |
| Amounts payable within one year | 42/48 | €82k | €47k | €35k | €56k |
| Trade debts payable within one year | 44 | €4k | €2k | €12k | €38k |
| Income statement | |||||
| Gross operating margin | 9900 | €100k | €81k | €21k | €93k |
| Operating result | 9901 | €75k | €68k | €9k | €65k |
| Financial income | 75 | €107 | €33 | €1 | €50 |
| Financial charges | 65 | €71k | €63k | €2k | €744 |
| Result before taxes | 9903 | €4k | €5k | €7k | €64k |
| Income taxes | 67/77 | €3k | €3k | €4k | €19k |
| Net result for the period | 9904 | €1k | €2k | €3k | €45k |
| Result to be appropriated | 9905 | €1k | €2k | €3k | €45k |
Legal Structure
| NACE primary | Other education(85599) |
| Legal form | Private limited company(610) |
| Incorporation | 04-06-2019 |
| Status | Active |
| Postal code | 9550 |
Establishment units
ACORUJA BV
since 20192.290.048.155
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41027B0079/00N000 | Flanders | 440 m² | 1 · 200 m² | 3.5 m |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €1k ▼48%
Net result drops to €1k, the lowest in the series.
31-12
Financial
Equity above €150kEq €150k ▲0.7%
4 profitable years in a row build equity to €150k.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Other education85599
Names & trade names
| Legal nameNL | ACORUJA |
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