ACOVEX
ActiveSummary
ACOVEX has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €47k and a net result of €-14k. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 1937 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▲+42
Solvency56▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.31 in 2023; short-term debt: 68.2% and cash: 19.1% of total assets), and 68.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
31.1%
Return on assets
-9.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-14k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-04-2025, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d early
2023
61 d late
2022
55 d early
2021
22 d late
2020
40 d late
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€47k▼ 23.3%
2023 · €61k
2018: €73k
2019: €87k
2020: €117k
2021: €134k
2022: €147k
2023: €61k
2018 → 2024
Total assets
€151k▲ 5.5%
2023 · €143k
2018: €166k
2019: €138k
2020: €161k
2021: €190k
2022: €179k
2023: €143k
2018 → 2024
Net result
€-14k▲ 53.8%
2023 · €-31k
2018: €-10k
2019: €15k
2020: €31k
2021: €19k
2022: €15k
2023: €-31k
2018 → 2024
Working capital
€31k▲ 24.0%
2023 · €25k
2018: €-12k
2019: €23k
2020: €57k
2021: €75k
2022: €103k
2023: €25k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€117k-€134k▲ 14.5%€147k▲ 10.1%€61k▼ 58.4%€47k▼ 23.3%
Operating result€45k-€27k▼ 39.9%€23k▼ 14.2%€-29k€-12k▲ 58.3%
Net result€31k-€19k▼ 40.9%€15k▼ 18.5%€-31k€-14k▲ 53.8%
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 €12k in 2024 against €29k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €151k
Fixed assets
€17k ▼ 55.6%
Current assets
€134k ▲ 27.5%
Equity and liabilities €151k
Equity
€47k ▼ 23.3%
Debt
€104k ▲ 27.1%
Debt's share of the balance-sheet total rises from 57.2% to 68.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9k▲
2023 · €-5k
Cash flow
€7k▲
2023 · €-7k
Current ratio
1.30▼
2023 · 1.31
Debt to equity
2.22▲
2023 · 1.34
ROE
-30.4%▲
2023 · -50.5%
ROA
-9.5%▲
2023 · -21.6%
Interest coverage
4.15▲
2023 · -3.70
Debt ≤ 1 year
€103k▲
2023 · €80k
Debt > 1 year
€0▼
2023 · €1k
Income taxes
€491▼
2023 · €495
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 · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€143k€151k▲
Fixed assets21/28€38k€17k▼
Tangible fixed assets22/27€38k€17k▼
Land and buildings22€12k€3k▼
Plant, machinery and equipment23€1k€470▼
Furniture and vehicles24€22k€13k▼
Other tangible fixed assets26€3k€434▼
Current assets29/58€105k€134k▲
Amounts receivable within one year40/41€26k€53k▲
Trade receivables40€21k€45k▲
Other amounts receivable41€5k€7k▲
Current investments50/53€36k€42k▲
Cash at bank and in hand54/58€24k€29k▲
Deferred charges and accrued income490/1€19k€11k▼
Equity and liabilities
Total equity and liabilities10/49€143k€151k▲
Equity10/15€61k€47k▼
Contributions10/11€20k€20k=
Reserves13€64k€64k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€64k€64k=
Profit (loss) carried forward14€-23k€-37k▼
Amounts payable17/49€82k€104k▲
Amounts payable after more than one year17€1k€0▼
Financial debts170/4€1k€0▼
Amounts payable within one year42/48€80k€103k▲
Current portion of amounts payable after more than one year42€8k€1k▼
Trade debts44€6k€28k▲
Suppliers440/4€6k€28k▲
Taxes, remuneration and social security45€32€4k▲
Taxes450/3€32€4k▲
Other amounts payable47/48€67k€70k▲
Accrued charges and deferred income492/3€541€1k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€21k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€-1k€12k▲
Operating profit (loss)9901€-29k€-12k▲
Financial income75/76B€434€593▲
Recurring financial income75€434€593▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-30k€-14k▲
Income taxes67/77€495€491▼
Profit (loss) for the period9904€-31k€-14k▲
Profit (loss) for the period to be appropriated9905€-31k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-37k▼
Profit (loss) brought forward from the previous period14P-€-23k
Transfer from equity791/2€8k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-31k ▼304%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 40 days late
2020
31-12
Financial
Highest result since 2018net €31k ▲105%
Operating result €45k, net result €31k, both a record.
31-12
Financial
Equity above €100kEq €117k ▲34.3%
2 profitable years in a row build equity to €117k.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Ichtegem · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Steenstraat(ICH) 128480 IchtegemGround area
5,046 m²
Building footprint
614 m²
Volume, LiDAR
3,470 m³
2 parcels, Flanders · tallest building 19.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Alberic Deleustraat 20, 8820 Torhout
since 20012.097.776.339
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31524D1753/00T008 | Flanders | 3,354 m² | 1 · 471 m² | 19.1 m · 2 fl. |
| 35006D1605/00D002 | Flanders | 1,691 m² | 1 · 143 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 715 EUR awarded · 715 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 222 EUR | 222 EUR |
| 2024 | 1 | 144 EUR | 144 EUR |
| 2023 | 1 | 162 EUR | 162 EUR |
| 2022 | 1 | 187 EUR | 187 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 4,851 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.