ACPAC · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ACPAC is 2.5% (moderate). The 2024 annual accounts show equity of €8k and a net result of €8k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 19% of 775 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

3 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 775 sector peers (2024).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 21 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	24-06-2025	37 d early	2025-00181397
31-12-2023	31-07-2024	12-07-2024	19 d early	2024-00241652
31-12-2022	31-07-2023	22-06-2023	39 d early	2023-00155173
31-12-2021	31-07-2022	27-09-2022	58 d late	2022-20438605

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, 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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.5% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€160k+9.8%

EBIT margin5.0%-0.3pp

Net result€8k+32.6%

Working capital€42k+3109.4%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 24-06-2025 with the NBB · fiscal year 2024 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~6.9%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

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 33 · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	12.0%	39.6%	better than 19% of 775 sector peers
Net result	€8k	€15k	better than 36% of 776 sector peers
Equity	€8k	€45k	better than 18% of 776 sector peers
Gross operating margin	€38k	€40k	better than 49% of 771 sector peers
Staff costs	€294	€38k	higher than 11% of 260 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P19

Stable position over 2021-2024 · n=223-775

Net result P36

Improving position over 2021-2024 · n=222-776

Equity P18

Stable position over 2021-2024 · n=223-776

Gross operating margin P49

Improving position over 2021-2024 · n=220-771

Describes the position versus peers, not a forecast.

Revenue

€160k

+9.8% 21-24

EBITDA

€37k

+58.0% 21-24

Net profit

€8k

+32.6% 21-24

Cash flow

€37k

+70.6% 21-24

Total assets

€64k

-8.2% 21-24

Equity

€8k

+32.6% 21-24

Working capital

€42k

+3109.4% 21-24

Staff costs

€294

-62.7% 21-24

Show 11 other metrics

Debt

€56k

-11.9% 21-24

Debt ≤ 1y

€22k

-66.2% 21-24

Current ratio

2.96

+190.3% 21-24

Quick ratio

2.90

+184.0% 21-24

Solvency

12.0%

+44.5% 21-24

Debt / equity

7.30

-33.6% 21-24

ROE

100.0%

0.0% 21-24

ROA

12.0%

+44.5% 21-24

Net margin

4.8%

+20.8% 21-24

EBITDA margin

23.4%

+43.9% 21-24

Interest coverage

143.94

+1055.0% 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	€160k
EBITDA	€37k
Net profit	€8k
Cash flow	€37k
Staff costs	€294
Income taxes	-
Dividends	-
Total assets	€64k
Equity	€8k
Debt	€56k
of which ≤ 1y	€22k
of which > 1y	-
Working capital	€42k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	2.96
Quick ratio	2.90
Working capital ratio	66.3%
Solvency	12.0%
Debt / equity	7.30
Long-term debt ratio	-
Interest coverage	143.94
Gross margin	24.0%
Net margin	4.8%
ROA	12.0%
ROE	100.0%
EBITDA margin	23.4%
Days sales outstanding	37d
Days payable outstanding	56d
Inventory turnover	87.90
Days inventory (DSI)	4d

Balance-sheet composition 2024

Equity & liabilities

Equity €8k · 12.0% Debt €56k · 88.0%

Full annual accounts (18 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€64k
Current assets	29/58	€64k
Stocks & contracts in progress	3	€1k
Amounts receivable within one year	40/41	€18k
Cash & bank	54/58	€45k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€64k
Equity	10/15	€8k
Accumulated profits (losses)	14	€8k
Amounts payable	17/49	€56k
Amounts payable within one year	42/48	€22k
Trade debts payable within one year	44	€19k
Income statement
Turnover	70	€160k
Gross operating margin	9900	€38k
Operating result	9901	€8k
Financial charges	65	€260
Result before taxes	9903	€8k
Net result for the period	9904	€8k
Result to be appropriated	9905	€8k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

89 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

2 directors

3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

BERNARD Didier Charles Jean Marie
Director
State Gazette act 23007569 (17-01-2023)

Current
31-12-2022 → present

Former directors (1)

BERNARD Didier Emile Pierre Pascal
Director
State Gazette act 23007569 (17-01-2023)

Former
- → 31-12-2022

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Installatie van industriële machines, toestellen en werktuigen(33200)
Legal form	Private limited company(610)
Incorporation	27-11-2020
Status	Active
Postal code	6000

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

29 companies at this address See who is registered here

Establishment units

1 location

ACPAC

Place de l'Abattoir 1, 6000 CharleroiActiviteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts

since 20232.368.827.397

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2.3 ha

Buildings1

Building footprint861 m²

Volume (LiDAR)7,420 m³

Tallest building14.8 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)