ACE
Open bankruptcyA bankruptcy procedure is open for ACE according to publications in the Belgian State Gazette; curator: KATHLEEN VELKENEERS.
Summary
The 2020 annual accounts show equity of €460k and a net result of €3k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€460k▲ 0.8%
2019 · €457k
2018: €456klowest in 3 years
2019: €457k▲ +0.3% vs 2018
2020: €460k▲ +0.8% vs 2019highest in 3 years
2018 → 2020
Total assets
€526k▼ 11.8%
2019 · €597k
2018: €616khighest in 3 years
2019: €597k▼ -3.2% vs 2018
2020: €526k▼ -11.8% vs 2019lowest in 3 years
2018 → 2020
Net result
€3k▲ 198%
2019 · €1k
2018: €8khighest in 3 years
2019: €1k▼ -85.5% vs 2018lowest in 3 years
2020: €3k▲ +198% vs 2019
2018 → 2020
Working capital
€450k▲ 2.2%
2019 · €440k
2018: €129klowest in 3 years
2019: €440k▲ +242% vs 2018
2020: €450k▲ +2.2% vs 2019highest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€456k-€457k▲ 0.3%€460k▲ 0.8%
2018: €456klowest in 3 years
2019: €457k▲ +0.3% vs 2018
2020: €460k▲ +0.8% vs 2019highest in 3 years
Operating result€26k-€17k▼ 35.7%€10k▼ 41.4%
2018: €26khighest in 3 years
2019: €17k▼ -35.7% vs 2018
2020: €10k▼ -41.4% vs 2019lowest in 3 years
Net result€8k-€1k▼ 85.5%€3k▲ 198%
2018: €8khighest in 3 years
2019: €1k▼ -85.5% vs 2018lowest in 3 years
2020: €3k▲ +198% vs 2019
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2020 is 41% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €526k
Fixed assets
€10k ▼ 39.7%
Current assets
€516k ▼ 11.0%
Equity and liabilities €526k
Equity
€460k ▲ 0.8%
Debt
€66k ▼ 52.8%
Debt's share of the balance-sheet total falls from 23.5% to 12.6%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
7.80▲
2019 · 4.15
Debt to equity
0.14
ROE
0.8%▲
2019 · 0.3%
ROA
0.7%▲
2019 · 0.2%
Debt ≤ 1 year
€66k▼
2019 · €140k
Staff costs
€6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 43 lines
Balance sheet
Code20192020
Assets
Total assets20/58€597k€526k▼
Fixed assets21/28€17k€10k▼
Tangible fixed assets22/27€7k-
Financial fixed assets28€10k€10k=
Current assets29/58€580k€516k▼
Amounts receivable within one year40/41€576k€516k▼
Trade receivables40-€118k
Other amounts receivable41-€398k
Cash at bank and in hand54/58€61€57▼
Equity and liabilities
Total equity and liabilities10/49€597k€526k▼
Equity10/15€457k€460k▲
Contributions10/11€19k€19k=
Reserves13€457k€457k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Tax-exempt reserves132-€26k
Distributable reserves133-€430k
Profit (loss) carried forward14€-19k€-16k▲
Amounts payable17/49€140k€66k▼
Amounts payable within one year42/48€140k€66k▼
Financial debts43-€10k
Credit institutions430/8-€10k
Trade debts44€56k€9k▼
Suppliers440/4-€9k
Taxes, remuneration and social security45-€17k
Taxes450/3-€15k
Remuneration and social security454/9-€2k
Other amounts payable47/48-€30k
Income statement
Code20192020
Remuneration, social security and pensions62-€6k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k-
Other operating charges640/8-€5k
Gross operating margin9900€80k€21k▼
Operating profit (loss)9901€17k€10k▼
Financial income75/76B-€0
Recurring financial income75€324€0▼
Financial charges65/66B-€6k
Recurring financial charges65€12k€6k▼
Profit (loss) for the period before taxes9903€6k€3k▼
Income taxes67/77€5k-
Profit (loss) for the period9904€1k€3k▲
Profit (loss) for the period to be appropriated9905€1k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-16k
Profit (loss) brought forward from the previous period14P-€-19k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €6k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | - | - |
| Other operating charges640/8 | - | - | €5k | - |
| Gross operating margin9900 | €88k | €80k | €21k | ▼ 73.9% |
| Operating profit (loss)9901 | €26k | €17k | €10k | ▼ 41.4% |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | €87 | €324 | €0 | ▼ 99.9% |
| Financial charges65/66B | - | - | €6k | - |
| Recurring financial charges65 | €9k | €12k | €6k | ▼ 44.0% |
| Profit (loss) for the period before taxes9903 | €13k | €6k | €3k | ▼ 39.5% |
| Income taxes67/77 | €5k | €5k | - | - |
| Profit (loss) for the period9904 | €8k | €1k | €3k | ▲ 198% |
| Profit (loss) for the period to be appropriated9905 | €8k | €1k | €3k | ▲ 198% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €616k | €597k | €526k | ▼ 11.8% |
| Fixed assets21/28 | €335k | €17k | €10k | ▼ 39.7% |
| Tangible fixed assets22/27 | €325k | €7k | - | - |
| Financial fixed assets28 | €10k | €10k | €10k | = |
| Current assets29/58 | €281k | €580k | €516k | ▼ 11.0% |
| Amounts receivable within one year40/41 | €280k | €576k | €516k | ▼ 10.5% |
| Trade receivables40 | - | - | €118k | - |
| Other amounts receivable41 | - | - | €398k | - |
| Cash at bank and in hand54/58 | €34 | €61 | €57 | ▼ 6.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €616k | €597k | €526k | ▼ 11.8% |
| Equity10/15 | €456k | €457k | €460k | ▲ 0.8% |
| Contributions10/11 | €19k | €19k | €19k | = |
| Reserves13 | €457k | €457k | €457k | = |
| Non-distributable reserves130/1 | - | - | €2k | - |
| Reserves not available under the articles1311 | - | - | €2k | - |
| Tax-exempt reserves132 | - | - | €26k | - |
| Distributable reserves133 | - | - | €430k | - |
| Profit (loss) carried forward14 | €-20k | €-19k | €-16k | ▲ 18.0% |
| Amounts payable17/49 | €161k | €140k | €66k | ▼ 52.8% |
| Amounts payable after more than one year17 | €8k | - | - | - |
| Amounts payable within one year42/48 | €152k | €140k | €66k | ▼ 52.6% |
| Financial debts43 | - | - | €10k | - |
| Credit institutions430/8 | - | - | €10k | - |
| Trade debts44 | €72k | €56k | €9k | ▼ 83.5% |
| Suppliers440/4 | - | - | €9k | - |
| Taxes, remuneration and social security45 | - | - | €17k | - |
| Taxes450/3 | - | - | €15k | - |
| Remuneration and social security454/9 | - | - | €2k | - |
| Other amounts payable47/48 | - | - | €30k | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €1k | €3k | ▲ 198% |
| + Depreciation and write-downs630 | €2k | €2k | - | - |
| Operating cash flow (approximation) | €10k | €3k | €3k | ▲ 3.4% |
| Investment in fixed assets (approximation) | - | €316k | €7k | ▼ 97.9% |
| Change in cash | - | €27 | €-4 | ▼ 115% |
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
2023
11-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 07-08-2023
23-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 661 days late
2022
29-07
State Gazette act
Resignation: Catherine Bijnens (director)Registered-office move3 facts ▸
State Gazette act
Resignation: Catherine Bijnens (director)
Registered-office move3 facts ▸
- General meeting, 13-06-2022
- Registered-office move, Bisschopsweyerstraat 2 3570 Alken
- Director resignation, Catherine Bijnens (director)
2021
03-11
State Gazette act
Reappointment: BIJNENS Philippe (director)Appointment: BIJNENS Catherine An Jos (director) · Legal-form conversion · Reserve conversion10 facts ▸
State Gazette act
Reappointment: BIJNENS Philippe (director)
Appointment: BIJNENS Catherine An Jos (director) · Legal-form conversion · Reserve conversion10 facts ▸
- General meeting, 20-10-2021
- Legal-form conversion, Coöperatieve vennootschap met beperkte aansprakelijkheid -> Besloten vennootschap (BV)
- Reserve conversion, Werkelijk gestort kapitaal en wettelijke reserve van rechtswege omgezet in statutair onbeschikbare eigen vermogensrekening
- Reserve release, Statutair onbeschikbare eigen vermogensrekening opgeheven en middelen beschikbaar gemaakt voor uitkering
- Purpose change, Uitbreiding voorwerp: Organisatie van evenementen; Uitbaten van bed- en breakfast, restaurants, tavernes, cafés en dergelijke; Voeren van boekhouding; Bedrijfsc…
- Capital
- Director reappointment, BIJNENS Philippe (director)
- Director appointment, BIJNENS Catherine An Jos (director)
- Mandate compensation, BIJNENS Catherine An Jos
- Power of attorney, Knaepen An
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 156 days late
2019
31-12
Financial
Weakest financial yearnet €1k ▼85.5%
Net result drops to €1k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 4.15
Current ratio from 1.84 to 4.15; short-term debt falls from €152k to €140k.
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
2015
30-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 91 days late
Show earlier events
2014
31-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 31 days late
2013
28-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 59 days late
2012
26-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
25-03
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Decision, 21-02-2011
- Registered-office move, Bisschopsweyerstraat 37 te 3570 Alken
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
3 of 3 acts read
Directors · office · real estate
Directors
1 director, no change since 2022
BIJNENS Philippe
CurrentDirector
13-06-2022
BIJNENS Catherine An Jos: Resigned as Director
20-10-2021
BIJNENS Catherine An Jos: Appointed as Director
Location & real-estate footprint
Registered office, Alken · 1 establishment unit since 1998
Ground area
2,187 m²
Building footprint
1,092 m²
Volume, LiDAR
5,461 m³
2 parcels, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Establishment
since 19982.052.323.525
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73001H0285/00F000 | Flanders | 1,205 m² | 1 · 875 m² | 11.3 m · 2 fl. |
| 73302G0679/00P000 | Flanders | 982 m² | 1 · 217 m² | 9.9 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KATHLEEN VELKENEERS KASTEELSTRAAT 23B,
3840 BORGLOON |
07-08-2023 → present |
Articles of association
Purpose
Het organiseren van beurzen en evenementen in de meest brede zin van het woord. Alle activiteiten in verband met publiciteit en verkooppromotie in de meest brede zin van het woord…
Full purpose
Het organiseren van beurzen en evenementen in de meest brede zin van het woord. Alle activiteiten in verband met publiciteit en verkooppromotie in de meest brede zin van het woord, waaronder reclame- en verkoopadviesbureau. Creatie inzake publiciteit onder alle vormen, het vervaardigen van voorwerpen en apparaten bestemd tot de publiciteit, fotografisch werk in verband met de publiciteit, het opzetten van reclamecampagnes. Industriële vormgeving. Het verrichten van marketingonderzoeken. Public relations. Het verzorgen van bedrijfspublicatie, bedrijfsprestaties, het bevorderen van persrelaties. Studie-, organisatie- en raadgevend bureau inzake marketingonderzoek en bedrijfsstrategie; het uitgeven van drukwerken en rapporten op het gebied van dit onderzoek en deze adviezen. Handel in voertuigen. Organisatie van evenementen; Uitbaten van bed- en breakfast, restaurants, tavernes, cafés en dergelijke; Voeren van boekhouding; Bedrijfsconsultancy; Makelaar en beheerder van onroerende goederen. Alle onroerende verhandelingen in de meest brede zin van het woord, en ondermeer het verwerven, verkavelen en verkopen van eigendommen evenals de plaatsing voor eigen rekening van alle kapitalen en het beheer van alle goederen. Alle verhandelingen van roerende waarden en alle verrichtingen in verband met grondstoffen- en goederenmarkten, import en export van handelsgoederen. Zij mag tevens om het even welke gelijkaardige handelingen stellen die van aard zouden zijn de verwezenlijking van haar voorwerp te vergemakkelijken of uit te breiden. De vennootschap mag rechtstreeks of onrechtstreeks belangen nemen door inbreng, afstand, fusie, inschrijving op of aankoop van effecten, financiële tussenkomst of op welke andere wijze ook, in zaken, ondernemingen, verenigingen of vennootschappen die een zelfde, gelijkaardig of samenhangend voorwerp nastreven of eenvoudig nuttig zouden zijn tot de verwezenlijking van haar voorwerp. Zij kan zich ten gunste van dezelfde vennootschappen borgstellen of aval verlenen, optreden als haar agent of vertegenwoordiger, voorschotten toestaan, kredieten verlenen, hypothecaire of andere zekerheden verstrekken.
Structure & network
Connections & network
1 connected companyLinked via shared directors
via BIJNENS Philippe · Permanent representative
→
Ownership & control
5 board mandatesBoard mandates of this companythis company sits on their board5
36 locations
15 locations
1 location
1 location
Capital and shareholders
Capital over the years
- 03-11-2021 Capital stated in the act · 750 shares
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 2,226 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
Founded02-04-1991
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.