ACUMEN
ActiveSummary
ACUMEN has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€28,455) and a net result of -€7,519. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 8% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-14
Solvency0=
Growth28▼-13
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.39 against 0.47 in 2024; short-term debt: 258.2% and cash: 0% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-158.2%
Return on assets
-41.8%
Age of the figures
12 mo
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 →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192122232425
2018 to 2025 · latest year -€28,455
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-07-2026, 64 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
64 d late
2024
429 d late
2023
on the day
2022
23 d late
2021
31 d late
2019
122 d late
2018
on the day
← 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 96 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 31 May (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€1,380▼ 12.5%
2019 · €1,577
EBIT margin
-8.3%▼ 28.0pp
2019 · 19.7%
Net result
-€7,519▼ 330%
2024 · -€1,748
Working capital
-€28,455▼ 35.9%
2024 · -€20,937
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
Line20212022202320242025
Turnover€1,380
Operating result-€2,776--€115▲ 95.9%-€207▼ 79.9%-€802▼ 287%-€7,973▼ 895%
Net result-€3,146below the sector's middle half--€229within the sector's middle half▲ 92.7%-€424within the sector's middle half▼ 85.0%-€1,748within the sector's middle half▼ 312%-€7,519below the sector's middle half▼ 330%
EBIT margin-8.3%
Equity-€18,535below the sector's middle half--€18,765below the sector's middle half▼ 1.2%-€19,189below the sector's middle half▼ 2.3%-€20,937below the sector's middle half▼ 9.1%-€28,455below the sector's middle half▼ 35.9%
Total assets€22,700below the sector's middle half-€19,758below the sector's middle half▼ 13.0%€18,948below the sector's middle half▼ 4.1%€18,257below the sector's middle half▼ 3.6%€17,986below the sector's middle half▼ 1.5%
Debt€41,235-€38,523▼ 6.6%€38,137▼ 1.0%€39,193▲ 2.8%€46,441▲ 18.5%
Working capital-€18,535below the sector's middle half--€18,765below the sector's middle half▼ 1.2%-€19,189below the sector's middle half▼ 2.3%-€20,937below the sector's middle half▼ 9.1%-€28,455below the sector's middle half▼ 35.9%
Solvency-81.7%below the sector's middle half--95.0%below the sector's middle half▼ 13.3pp-101.3%below the sector's middle half▼ 6.3pp-114.7%below the sector's middle half▼ 13.4pp-158.2%below the sector's middle half▼ 43.5pp
Current ratio0.55below the sector's middle half-0.51below the sector's middle half▼ 0.040.50below the sector's middle half▼ 0.020.47below the sector's middle half▼ 0.030.39below the sector's middle half▼ 0.08
Return on assets (ROA)-13.9%below the sector's middle half--1.2%within the sector's middle half▲ 12.7pp-2.2%within the sector's middle half▼ 1.1pp-9.6%below the sector's middle half▼ 7.3pp-41.8%below the sector's middle half▼ 32.2pp
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,973 in 2025 against €802 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Debt to equity
-1.63▲
2024 · -1.87
Debt ≤ 1 year
€46,441▲
2024 · €39,193
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 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% | 1.7% |
| 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 75% 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 6,639 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €1,380 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €500 | €0 | ▼ 100% |
| Goods, raw materials, services and sundry goods60/61 | - | €956 | - | - | - | - |
| Other operating charges640/8 | €2,127 | €540 | €460 | €1,447 | €6,528 | ▲ 351% |
| Gross operating margin9900 | -€650 | €425 | €253 | €646 | -€1,445 | ▼ 324% |
| Operating profit (loss)9901 | -€2,776 | -€115 | -€207 | -€802 | -€7,973 | ▼ 895% |
| Financial charges65/66B | €370 | €114 | €218 | €946 | -€454 | ▼ 148% |
| Recurring financial charges65 | €370 | €114 | €218 | €946 | -€454 | ▼ 148% |
| Profit (loss) for the period before taxes9903 | -€3,146 | -€229 | -€424 | -€1,748 | -€7,519 | ▼ 330% |
| Profit (loss) for the period9904 | -€3,146 | -€229 | -€424 | -€1,748 | -€7,519 | ▼ 330% |
| Profit (loss) for the period to be appropriated9905 | -€3,146 | -€229 | -€424 | -€1,748 | -€7,519 | ▼ 330% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22,700 | €19,758 | €18,948 | €18,257 | €17,986 | ▼ 1.5% |
| Current assets29/58 | €22,700 | €19,758 | €18,948 | €18,257 | €17,986 | ▼ 1.5% |
| Amounts receivable within one year40/41 | €22,693 | €19,758 | €18,948 | €18,251 | €17,986 | ▼ 1.5% |
| Trade receivables40 | €22,693 | €19,071 | €18,201 | €18,251 | €17,986 | ▼ 1.5% |
| Other amounts receivable41 | - | €687 | €747 | €0 | - | - |
| Cash at bank and in hand54/58 | €7 | - | - | €6 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22,700 | €19,758 | €18,948 | €18,257 | €17,986 | ▼ 1.5% |
| Equity10/15 | -€18,535 | -€18,765 | -€19,189 | -€20,937 | -€28,455 | ▼ 35.9% |
| Contributions10/11 | €15,092 | - | €15,092 | €15,092 | €15,092 | = |
| Revaluation surpluses12 | - | €15,092 | - | - | - | - |
| Profit (loss) carried forward14 | -€33,627 | -€33,857 | -€34,281 | -€36,029 | -€43,548 | ▼ 20.9% |
| Amounts payable17/49 | €41,235 | €38,523 | €38,137 | €39,193 | €46,441 | ▲ 18.5% |
| Amounts payable within one year42/48 | €41,235 | €38,523 | €38,137 | €39,193 | €46,441 | ▲ 18.5% |
| Financial debts43 | - | €38 | €77 | €0 | €47 | - |
| Credit institutions430/8 | - | €38 | €77 | €0 | €47 | - |
| Trade debts44 | €6,666 | €6,959 | €6,565 | €7,823 | €15,023 | ▲ 92.0% |
| Suppliers440/4 | €6,666 | €6,959 | €6,565 | €7,823 | €15,023 | ▲ 92.0% |
| Taxes, remuneration and social security45 | €1,286 | - | - | - | - | - |
| Taxes450/3 | €1,286 | - | - | - | - | - |
| Other amounts payable47/48 | €33,283 | €31,526 | €31,495 | €31,370 | €31,370 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,146 | -€229 | -€424 | -€1,748 | -€7,519 | ▼ 330% |
| Operating cash flow (approximation) | -€3,146 | -€229 | -€424 | -€1,748 | -€7,519 | ▼ 330% |
| Change in cash | - | - | - | - | -€6 | - |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 64 days late
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 429 days late
2025
30-09
Financial
Weakest financial yearnet -€7,519
Net result drops to -€7,519, the lowest in the series.
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2020
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
04-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 249 days late
2016
01-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Hooglede · 1 establishment unit since 1998
Ground area
648 m²
Building footprint
212 m²
Volume, LiDAR
1,465 m³
2 parcels, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Broelkaai(Kor) 1 C, 8500 Kortrijk
since 19982.088.903.710
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36005C0816/00P000 | Flanders | 611 m² | 1 · 174 m² | 10.5 m · 2 fl. |
| 34352F0779/00_000 | Flanders | 38 m² | 1 · 38 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 6,146 companies in sector 46190 we hold annual accounts for 2,577. 600 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)
Founded25-08-1998
Fiscal year end30-09
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464032063
Registered
30-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.