ACTIEF
ActiveSummary
ACTIEF has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €120,580 and a net result of €37,507. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 57% of 15862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▼-10
Solvency73▲+6
Growth85▲+7
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.81 against 2.42 in 2023; short-term debt: 18.3% and cash: 11.9% of total assets), but 52.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €120,580
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-12-2025, 130 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
130 d late
2023
31 d late
2022
31 d late
2021
18 d early
2020
31 d late
2019
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€611,753▲ 202%
2021 · €202,452
EBIT margin
9.1%▼ 2.7pp
2021 · 11.8%
Net result
€37,507▲ 4.6%
2023 · €35,845
Working capital
€83,355▲ 8.1%
2023 · €77,102
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€202,452€611,753
Operating result-€14,381▼ 164%€23,830€10,822▼ 54.6%€42,383▲ 292%€55,628▲ 31.3%
Net result€1,739within the sector's middle half€37,191above the sector's middle half▲ 2,039%€8,226within the sector's middle half▼ 77.9%€35,845above the sector's middle half▲ 336%€37,507above the sector's middle half▲ 4.6%
EBIT margin11.8%9.1%
Equity-€1,970below the sector's middle half▲ 46.9%€35,221within the sector's middle half€43,447within the sector's middle half▲ 23.4%€79,292within the sector's middle half▲ 82.5%€120,580within the sector's middle half▲ 52.1%
Total assets€18,065below the sector's middle half▼ 31.5%€57,994below the sector's middle half▲ 221%€78,717within the sector's middle half▲ 35.7%€189,535within the sector's middle half▲ 141%€252,369within the sector's middle half▲ 33.2%
Debt€20,035▼ 33.4%€22,774▲ 13.7%€35,269▲ 54.9%€110,242▲ 213%€81,946▼ 25.7%
Working capital-€5,000▲ 40.3%€32,451€40,937▲ 26.2%€77,102▲ 88.3%€83,355▲ 8.1%
Solvency-10.9%below the sector's middle half▲ 3.2pp60.7%within the sector's middle half▲ 71.6pp55.2%within the sector's middle half▼ 5.5pp41.8%within the sector's middle half▼ 13.4pp47.8%within the sector's middle half▲ 5.9pp
Staff (FTE)0.8within the sector's middle half▲ 300%3▲ 275%3.2▲ 6.7%2.1▼ 34.4%2▼ 4.8%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 31% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €252,369
Fixed assets
€122,863 ▲ 111%
Current assets
€129,506 ▼ 1.4%
Equity and liabilities €252,369
Equity
€120,580 ▲ 52.1%
Provisions
€49,843
Debt
€81,946 ▼ 25.7%
Debt's share of the balance-sheet total falls from 58.2% to 32.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78,688▲
2023 · €45,513
Cash flow
€60,567▲
2023 · €38,975
Current ratio
2.81▲
2023 · 2.42
Quick ratio
2.68▲
2023 · 2.42
Debt to equity
0.68▼
2023 · 1.39
ROE
31.1%▼
2023 · 45.2%
ROA
14.9%▼
2023 · 18.9%
Interest coverage
19.99▼
2023 · 75.95
Debt ≤ 1 year
€46,151▼
2023 · €54,203
Debt > 1 year
€34,816▼
2023 · €56,000
Income taxes
€14,184▲
2023 · €5,981
Staff costs
€88,098▲
2023 · €75,086
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 31,324 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €202,452 | - | - | €611,753 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €148,797 | €248,329 | €313,734 | €439,148 | ▲ 40.0% |
| Remuneration, social security and pensions62 | - | €28,432 | €37,915 | €75,086 | €88,098 | ▲ 17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,992 | €260 | €260 | €3,130 | €23,060 | ▲ 637% |
| Other operating charges640/8 | - | €1,134 | €465 | €3,841 | €5,818 | ▲ 51.5% |
| Gross operating margin9900 | €16,688 | €53,655 | €49,462 | €124,441 | €172,604 | ▲ 38.7% |
| Operating profit (loss)9901 | -€14,381 | €23,830 | €10,822 | €42,383 | €55,628 | ▲ 31.3% |
| Financial income75/76B | - | €13,573 | €269 | €42 | €0 | ▼ 99.8% |
| Recurring financial income75 | €0 | €13,573 | €0 | €42 | €0 | ▼ 99.8% |
| Non-recurring financial income76B | - | €13,573 | €269 | - | - | - |
| Financial charges65/66B | - | €212 | €266 | €599 | €3,937 | ▲ 557% |
| Recurring financial charges65 | €255 | €212 | €266 | €599 | €3,937 | ▲ 557% |
| Profit (loss) for the period before taxes9903 | €1,739 | €37,191 | €10,825 | €41,826 | €51,691 | ▲ 23.6% |
| Income taxes67/77 | €0 | - | €2,598 | €5,981 | €14,184 | ▲ 137% |
| Profit (loss) for the period9904 | €1,739 | €37,191 | €8,226 | €35,845 | €37,507 | ▲ 4.6% |
| Profit (loss) for the period to be appropriated9905 | €1,739 | €37,191 | €8,226 | €35,845 | €37,507 | ▲ 4.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,065 | €57,994 | €78,717 | €189,535 | €252,369 | ▲ 33.2% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €3,030 | €2,770 | €2,510 | €58,230 | €122,863 | ▲ 111% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1,180 | €920 | €660 | €56,380 | €71,170 | ▲ 26.2% |
| Plant, machinery and equipment23 | - | €920 | €660 | €400 | €2,575 | ▲ 544% |
| Furniture and vehicles24 | - | - | - | €55,980 | €68,595 | ▲ 22.5% |
| Financial fixed assets28 | €1,850 | €1,850 | €1,850 | €1,850 | €51,693 | ▲ 2,694% |
| Current assets29/58 | €15,035 | €55,224 | €76,207 | €131,305 | €129,506 | ▼ 1.4% |
| Stocks and contracts in progress3 | €440 | - | - | - | €5,866 | - |
| Contracts in progress37 | - | - | - | - | €5,866 | - |
| Amounts receivable within one year40/41 | €8,364 | €7,384 | €16,326 | €41,951 | €92,324 | ▲ 120% |
| Trade receivables40 | - | - | €3,754 | €10,145 | €30,190 | ▲ 198% |
| Other amounts receivable41 | - | €7,384 | €12,572 | €31,806 | €62,134 | ▲ 95.4% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €3,656 | €47,840 | €59,881 | €87,003 | €30,037 | ▼ 65.5% |
| Deferred charges and accrued income490/1 | - | - | - | €2,351 | €1,279 | ▼ 45.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,065 | €57,994 | €78,717 | €189,535 | €252,369 | ▲ 33.2% |
| Equity10/15 | -€1,970 | €35,221 | €43,447 | €79,292 | €120,580 | ▲ 52.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €26,860 | €26,860 | €26,860 | €26,860 | €108,367 | ▲ 303% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €25,000 | €25,000 | €25,000 | €106,507 | ▲ 326% |
| Profit (loss) carried forward14 | -€35,030 | €2,161 | €10,387 | €46,232 | €6,013 | ▼ 87.0% |
| Provisions and deferred taxes16 | - | - | - | - | €49,843 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €49,843 | - |
| Other liabilities and charges164/5 | - | - | - | - | €49,843 | - |
| Amounts payable17/49 | €20,035 | €22,774 | €35,269 | €110,242 | €81,946 | ▼ 25.7% |
| Amounts payable after more than one year17 | - | - | - | €56,000 | €34,816 | ▼ 37.8% |
| Financial debts170/4 | - | - | - | €56,000 | €34,816 | ▼ 37.8% |
| Amounts payable within one year42/48 | €20,035 | €22,774 | €35,269 | €54,203 | €46,151 | ▼ 14.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €11,453 | - |
| Trade debts44 | €8,757 | €13,797 | €30,884 | €39,123 | €19,679 | ▼ 49.7% |
| Suppliers440/4 | - | €13,797 | €30,884 | €39,123 | €19,679 | ▼ 49.7% |
| Advances received on contracts in progress46 | - | - | - | - | €2,242 | - |
| Taxes, remuneration and social security45 | - | €8,977 | €4,386 | €15,079 | €12,776 | ▼ 15.3% |
| Taxes450/3 | - | - | €369 | €3,103 | €550 | ▼ 82.3% |
| Remuneration and social security454/9 | - | €8,977 | €4,017 | €11,976 | €12,226 | ▲ 2.1% |
| Accrued charges and deferred income492/3 | - | - | - | €40 | €980 | ▲ 2,362% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,739 | €37,191 | €8,226 | €35,845 | €37,507 | ▲ 4.6% |
| + Depreciation and write-downs630 | €3,992 | €260 | €260 | €3,130 | €23,060 | ▲ 637% |
| Operating cash flow (approximation) | €5,731 | €37,451 | €8,487 | €38,975 | €60,567 | ▲ 55.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€58,850 | -€87,693 | ▼ 49.0% |
| Change in cash | - | €44,184 | €12,041 | €27,122 | -€56,967 | ▼ 310% |
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
2025
08-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 130 days late
2024
31-12
Financial
Highest result since 2018net €37,507 ▲4.6%
Operating result €55,628, net result €37,507, both a record.
31-12
Financial
Equity above €100,000Eq €120,580 ▲52.1%
5 profitable years in a row build equity to €120,580.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 2.42
Current ratio from 0.75 to 2.42.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €1,739
Net result €1,739 after 2 loss-making years.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-12
Financial
Weakest financial yearnet -€6,504
Net result drops to -€6,504, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
Show earlier events
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
2016
15-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Gent · 2 establishment units since 2005
Ground area
182 m²
Building footprint
182 m²
Parcel 44032A0177/00G007, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
ACTIEF
since 20052.147.234.857
Hoveniersstraat 1A, 9050 Gent
since 20262.390.894.206
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44032A0177/00G007 | Flanders | 182 m² | 1 · 182 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.147.234.857
Legal Entity Identifier
549300TUKCSGGI6M3W39
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Of 453 companies in sector 46360 we hold annual accounts for 286. 197 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
Founded15-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
46360Wholesale trade
47241Retail sale of bread and pastry (bakery outlets)
47279Other retail sale of food
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0873377805
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.