Equity
Debts exceed assets in financial year 2025.
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Debts exceed assets in financial year 2025.
Every financial year from 2008 to 2025 closed with a loss. 2025 was the heaviest.
Of this, €1,296 falls due within a year.
In July 2024, 6,619 companies had the same profile as ACOS has now. Each dot stands for 17 companies, two years later.
Another 1.0% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 6,619 companies, not a prediction for ACOS. 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.
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| Company | ||||
|---|---|---|---|---|
| ACOS Hoegaarden | €125,734 | -€11,592 | -292.2% | - |
| OMIKRON Zwevegem | €119,812 | -€912 | -7.4% | - |
| RESTLESS Lille | €101,606 | -€1,866 | 14.7% | - |
| CARDIGE Uccle | €160,024 | €656 | 96.1% | - |
| Scarabee International Antwerp | €105,969 | -€4,706 | 89.3% | - |
| NATUR'L Ghent | €87,370 | -€3,065 | 92.4% | - |
| DAMME Maggy Quaregnon | €191,084 | -€1,069 | 71.0% | - |
These companies have the same main activity as ACOS: beauty care and other beauty treatments (NACE 96220). They are comparable in size and age: total assets between €87,400 and €191,000, founded between 1981 and 1996.
ACOS files the micro format. That format states no turnover. The gross margin fell from €53,609 in 2006 to -€11,592 in 2025.
The balance sheet grew most from 2009 to 2010 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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