ACREFIMO
ActiveSummary
ACREFIMO has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €238,791 and a net result of -€16,025. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 95% of 7794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-10
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 3.09 against 5.7 in 2024; short-term debt: 4.2% and cash: 0% of total assets), and 4.2% of the assets are financed with debt.
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Signals
Four 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€16,025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 filingsDeviation from the deadline
2025
19 d late
2024
8 d late
2023
26 d early
2022
8 d late
2021
25 d late
2020
13 d late
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€238,791▼ 6.3%
2024 · €254,816
Total assets
€249,235▼ 4.3%
2024 · €260,323
Net result
-€16,025▲ 8.0%
2024 · -€17,421
Working capital
€21,804▼ 15.8%
2024 · €25,902
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€17,699€9,918-€16,836-€17,421▼ 3.5%-€15,954▲ 8.4%
Net result-€17,727€9,632-€16,878-€17,421▼ 3.2%-€16,025▲ 8.0%
Equity€279,484▼ 6.0%€289,116▲ 3.4%€272,237▼ 5.8%€254,816▼ 6.4%€238,791▼ 6.3%
Total assets€305,807▼ 9.2%€290,268▼ 5.1%€272,249▼ 6.2%€260,323▼ 4.4%€249,235▼ 4.3%
Debt€26,324▼ 33.7%€1,152▼ 95.6%€12▼ 99.0%€5,506▲ 46,841%€10,444▲ 89.7%
Working capital-€16,714▼ 32.0%€36,346€31,395▼ 13.6%€25,902▼ 17.5%€21,804▼ 15.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,954 in 2025 against €17,421 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €249,235
Fixed assets
€216,987 ▼ 5.2%
Current assets
€32,248 ▲ 2.7%
Equity and liabilities €249,235
Equity
€238,791 ▼ 6.3%
Debt
€10,444 ▲ 89.7%
Debt's share of the balance-sheet total rises from 2.1% to 4.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€4,027▲
2024 · -€5,493
Cash flow
-€4,098▲
2024 · -€5,493
Current ratio
3.09▼
2024 · 5.70
Debt to equity
0.04▲
2024 · 0.02
ROE
-6.7%▲
2024 · -6.8%
ROA
-6.4%▲
2024 · -6.7%
Interest coverage
-56.51
Debt ≤ 1 year
€10,444▲
2024 · €5,506
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,304 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €28,500 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,678 | €11,928 | €11,928 | €11,928 | €11,928 | = |
| Other operating charges640/8 | €559 | €627 | €1,235 | €896 | €1,049 | ▲ 17.1% |
| Gross operating margin9900 | -€3,462 | €22,473 | -€3,673 | -€4,597 | -€2,977 | ▲ 35.2% |
| Operating profit (loss)9901 | -€17,699 | €9,918 | -€16,836 | -€17,421 | -€15,954 | ▲ 8.4% |
| Financial income75/76B | €3 | - | - | - | €0 | - |
| Recurring financial income75 | €3 | - | - | - | €0 | - |
| Financial charges65/66B | €32 | €286 | €42 | - | €71 | - |
| Recurring financial charges65 | €32 | €286 | €33 | - | €71 | - |
| Non-recurring financial charges66B | - | - | €9 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€17,727 | €9,632 | -€16,878 | -€17,421 | -€16,025 | ▲ 8.0% |
| Profit (loss) for the period9904 | -€17,727 | €9,632 | -€16,878 | -€17,421 | -€16,025 | ▲ 8.0% |
| Profit (loss) for the period to be appropriated9905 | -€17,727 | €9,632 | -€16,878 | -€17,421 | -€16,025 | ▲ 8.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €305,807 | €290,268 | €272,249 | €260,323 | €249,235 | ▼ 4.3% |
| Fixed assets21/28 | €296,198 | €252,770 | €240,842 | €228,915 | €216,987 | ▼ 5.2% |
| Tangible fixed assets22/27 | €296,198 | €252,770 | €240,842 | €228,915 | €216,987 | ▼ 5.2% |
| Land and buildings22 | €280,198 | €238,770 | €228,842 | €218,915 | €208,987 | ▼ 4.5% |
| Plant, machinery and equipment23 | €16,000 | €14,000 | €12,000 | €10,000 | €8,000 | ▼ 20.0% |
| Current assets29/58 | €9,610 | €37,498 | €31,407 | €31,408 | €32,248 | ▲ 2.7% |
| Amounts receivable within one year40/41 | €9,594 | €35,721 | €31,401 | €31,401 | €32,176 | ▲ 2.5% |
| Other amounts receivable41 | €9,594 | €35,721 | €31,401 | €31,401 | €32,176 | ▲ 2.5% |
| Cash at bank and in hand54/58 | €16 | €1,777 | €6 | €7 | €72 | ▲ 873% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €305,807 | €290,268 | €272,249 | €260,323 | €249,235 | ▼ 4.3% |
| Equity10/15 | €279,484 | €289,116 | €272,237 | €254,816 | €238,791 | ▼ 6.3% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €21,913 | €21,913 | €21,913 | €21,913 | €21,913 | = |
| Non-distributable reserves130/1 | €21,913 | €21,913 | €21,913 | €21,913 | €21,913 | = |
| Reserves not available under the articles1311 | €21,913 | €21,913 | €21,913 | €21,913 | €21,913 | = |
| Profit (loss) carried forward14 | €239,021 | €248,653 | €231,774 | €214,353 | €198,328 | ▼ 7.5% |
| Amounts payable17/49 | €26,324 | €1,152 | €12 | €5,506 | €10,444 | ▲ 89.7% |
| Amounts payable within one year42/48 | €26,324 | €1,152 | €12 | €5,506 | €10,444 | ▲ 89.7% |
| Trade debts44 | €111 | €1,152 | - | - | - | - |
| Suppliers440/4 | €111 | €1,152 | - | - | - | - |
| Taxes, remuneration and social security45 | €17,354 | - | - | - | - | - |
| Taxes450/3 | €17,354 | - | - | - | - | - |
| Other amounts payable47/48 | €8,859 | - | €12 | €5,506 | €10,444 | ▲ 89.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,727 | €9,632 | -€16,878 | -€17,421 | -€16,025 | ▲ 8.0% |
| + Depreciation and write-downs630 | €13,678 | €11,928 | €11,928 | €11,928 | €11,928 | = |
| Operating cash flow (approximation) | -€4,049 | €21,560 | -€4,951 | -€5,493 | -€4,098 | ▲ 25.4% |
| Investment in fixed assets (approximation) | - | €31,500 | €0 | €0 | €0 | - |
| Change in cash | - | €1,762 | -€1,771 | €1 | €65 | ▲ 5,622% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 82current ratio 2677.48
Current ratio from 32.54 to 2677.48; short-term debt falls from €1,152 to €12.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Back to profitnet €9,632
Net result €9,632 after one loss-making year.
31-12
Financial
Liquidity times 89current ratio 32.54
Current ratio from 0.37 to 32.54; short-term debt falls from €26,324 to €1,152.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet -€17,727
Net result drops to -€17,727, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Back to profitnet €194,258
Net result €194,258 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €297,210 ▲189%
Equity rises from €102,953 to €297,210.
Show earlier events
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Middelkerke · 1 establishment unit since 1993
Ground area
255 m²
Building footprint
244 m²
Volume, LiDAR
3,270 m³
Parcel 35022A0003/00R042, Flanders · tallest building 19.0 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ACREFIMO NV
since 19932.110.164.625
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35022A0003/00R042 | Flanders | 255 m² | 1 · 244 m² | 19.0 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,219 companies in sector 82100 we hold annual accounts for 3,509. 2,379 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-11-1983
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
70200Business and other management consultancy
82990Other business support services
Contact
Phone
0472/77.14.14Middelkerke
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424875341
Registered
16-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
3 convocationsExtraordinary general meeting
Agenda
Jaarverslag. Goedkeuring jaarrekening per 31 december 2010. Aanwending resultaat. Statutaire kwijting. Diversen. Zich schikken naar de statutaire bepalingen. (AOPC11101227/01.03) (7274) DENDRIMO, naamloze vennootschap, Piers De Raveschootlaan 58, 8300 KNOKKE-HEIST Ondernemingsnummer 0412.653.935 Algemene vergadering ter zetel op 21/3/2011, om 15 uur. Agenda : Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. (AOPC-1-11-00704/01.03) (7275) DIENST MIDDENSTANDSKREDIET, commanditaire vennootschap met beperkte aansprakelijkheid, Koning Leopold I-straat 18, 3de verdiep, 8500 KORTRIJK Ondernemingsnummer 0405.242.442 Uitnodiging tot de jaarvergadering op de zetel van ...
Extraordinary general meeting
Agenda
Jaarverslag. Goedkeuring jaarrekening per 31 december 2009. Aanwending resultaat. Statutaire kwijting. Diversen. Zich schikken naar de statutaire bepalingen. (AOPC11000879/ 26.02) (6208) BATITOUT, société anonyme, rue de la Presse 4, 1000 BRUXELLES Numéro d’entreprise 0445.977.789 Assemblée ordinaire au siège social le 01/03/2010, à 9 heures. Ordre du jour : Rapport du C.A. Approbation comptes annuels. Affectation résultats. Décharge administrateurs. Nominations/Démissions. (AOPC-1-10-01705/ 26.02) (6209) Betonbedrijf R. Dobbelare-Bonte, naamloze vennootschap, Galgenveldstraat 31, 8700 TIELT Ondernemingsnummer 0423.168.339 De aandeelhouders worden in jaarvergadering bijeengeroepen op de maat ...
Extraordinary general meeting
Agenda
Jaarverslag. Goedkeuring jaarrekening per 31 december 2008. Aanwending resultaat. Statutaire kwijting. Diversen. Zich schikken naar de statutaire bepalingen. (AOPC1900901/27.02) (6960) Auto-Service Etablissements Dosogne et Rorive, société anonyme, avenue des Bassins 11, 7000 MONS Numéro d’entreprise 0401.818.936 Assemblée ordinaire au siège social, le 21 mars 2009, à 10 heures. Ordre du jour : Rapport du conseil d’administration. Approbation comptes annuels. Affectation résultats. Décharge administrateurs. Divers. (AOPC-1-8-09133/27.02) (6961) BIOLAB, société anonyme, chaussée de Louvain 273, 1410 WATERLOO Numéro d’entreprise 0463.995.639 Assemblée ordinaire au siège social le 20 mars 2009, ...