ACPA
ActiveACPA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €416k and a net result of €22k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 43% of 272 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-5
Solvency59▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.11 in 2024; short-term debt: 52.3% and cash: 4.7% of total assets), and 65.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.4%
Return on assets
1.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
43 d early
2023
30 d early
2022
19 d early
2021
6 d early
2020
39 d early
2019
47 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€416k▲ 5.6%
2024 · €394k
2018: €183k
2019: €216k
2020: €222k
2021: €228k
2022: €266k
2023: €322k
2024: €394k
2018 → 2025
Total assets
€1.21M▼ 4.4%
2024 · €1.27M
2018: €892k
2019: €726k
2020: €806k
2021: €830k
2022: €1.05M
2023: €993k
2024: €1.27M
2018 → 2025
Net result
€22k▼ 69.5%
2024 · €72k
2018: €-61k
2019: €32k
2020: €6k
2021: €5k
2022: €38k
2023: €57k
2024: €72k
2018 → 2025
Working capital
€43k▼ 36.8%
2024 · €68k
2018: €57k
2019: €65k
2020: €49k
2021: €-4k
2022: €-23k
2023: €20k
2024: €68k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€228k-€266k▲ 16.9%€322k▲ 21.3%€394k▲ 22.3%€416k▲ 5.6%
Operating result€22k-€68k▲ 201%€103k▲ 51.9%€125k▲ 21.7%€49k▼ 61.1%
Net result€5k-€38k▲ 617%€57k▲ 47.3%€72k▲ 27.1%€22k▼ 69.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.21M
Fixed assets
€535k▼ 6.0%
Current assets
€676k▼ 3.1%
Equity and liabilities €1.21M
Equity
€416k▲ 5.6%
Debt
€795k▼ 8.9%
The debt ratio falls from 68.9% to 65.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€102k▼
2024 · €173k
Cash flow
€76k▼
2024 · €120k
Solvency
34.4%▲
2024 · 31.1%
Current ratio
1.07▼
2024 · 1.11
Quick ratio
0.33▲
2024 · 0.28
Debt / equity
1.91▼
2024 · 2.21
ROE
5.3%▼
2024 · 18.2%
ROA
1.8%▼
2024 · 5.7%
Interest coverage
6.97▼
2024 · 9.97
Debt
€795k▼
2024 · €872k
Debt ≤ 1 year
€634k▲
2024 · €630k
Debt > 1 year
€159k▼
2024 · €238k
Income taxes
€13k▼
2024 · €36k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.27M€1.21M▼
Fixed assets21/28€569k€535k▼
Tangible fixed assets22/27€568k€534k▼
Land and buildings22€474k€482k▲
Plant, machinery and equipment23€77k€42k▼
Furniture and vehicles24€17k€10k▼
Financial fixed assets28€1k€1k=
Current assets29/58€698k€676k▼
Stocks and contracts in progress3€522k€468k▼
Stocks30/36€522k€468k▼
Amounts receivable within one year40/41€167k€147k▼
Trade receivables40€127k€118k▼
Other amounts receivable41€40k€29k▼
Cash at bank and in hand54/58€9k€57k▲
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.21M▼
Equity10/15€394k€416k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€332k€354k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€326k€348k▲
Amounts payable17/49€872k€795k▼
Amounts payable after more than one year17€238k€159k▼
Financial debts170/4€238k€159k▼
Amounts payable within one year42/48€630k€634k▲
Current portion of amounts payable after more than one year42€56k€81k▲
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€165k€193k▲
Suppliers440/4€165k€193k▲
Taxes, remuneration and social security45€45k-
Taxes450/3€45k-
Other amounts payable47/48€265k€260k▼
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€54k▲
Other operating charges640/8€29k€29k▼
Gross operating margin9900€202k€131k▼
Operating profit (loss)9901€125k€49k▼
Financial income75/76B€786€721▼
Recurring financial income75€786€721▼
Financial charges65/66B€17k€15k▼
Recurring financial charges65€17k€15k▼
Profit (loss) for the period before taxes9903€108k€35k▼
Income taxes67/77€36k€13k▼
Profit (loss) for the period9904€72k€22k▼
Profit (loss) for the period to be appropriated9905€72k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€72k€22k▼
Transfer to equity691/2€72k€22k▼
To other reserves6921€72k€22k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €72k ▲27.1%
Operating result €125k, net result €72k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
31-12
Financial
Equity above €200kEq €216k ▲17.7%
Equity rises from €183k to €216k.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brecht · 1 establishment unit since 1989
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.
Vaartkant Rechts 12960 BrechtGround area
1.6 ha
Building footprint
2,496 m²
Volume, LiDAR
12,793 m³
2 parcels, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vaartstraat 1, 2960 Brecht
since 19892.045.643.490
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11043D0355/00A000 | Flanders | 1.5 ha | 1 · 2,361 m² | 6.6 m · 2 fl. |
| 11333D0366/00B002 | Flanders | 595 m² | 1 · 135 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 354 EUR awarded · 305 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 240 EUR | 191 EUR |
| 2023 | 1 | 114 EUR | 114 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
ILC BOIS
BE 0862.453.625
Rochefort · Eq €413k
Braet
BE 0401.005.324
Assenede · Eq €413k
ETABLISSEMENTS HONTOIR
BE 0401.397.777
Gesves · Eq €413k
SCHREURS PROJECT
BE 0442.436.497
Oudsbergen · Eq €423k
K.B.+
BE 0460.233.524
Lierneux · Eq €428k
Of 665 companies in sector 16110 we hold annual accounts for 320. 225 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-10-1989
Fiscal year end31-12
Activities, NACEBEL
16110Sawmilling and planing of wood
46231Wholesale of live animals
46832Wholesale of timber
47762Retail sale of pets, pet food and pet supplies
51230
52496
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.