A.C.S.
ActiveSummary
A.C.S. has been active since 1996 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags). The 2024 annual accounts show equity of €428,843 and a net result of €36,906. Equity is growing by ~5.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+6
Solvency100▲+1
Growth78▲+26
Track record84
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 4.7 against 3.28 in 2023; short-term debt: 17.8% and cash: 7.2% of total assets), and 17.8% of the assets are financed with debt.
Credit check for your own amount and term
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
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
365 d late
2022
31 d late
2021
144 d late
2020
509 d late
2019
874 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 331 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Strikeout withdrawnStrikeout initial
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€428,843▲ 9.4%
2023 · €391,937
Total assets
€521,924▼ 1.1%
2023 · €527,923
Net result
€36,906▲ 135%
2023 · €15,695
Working capital
€344,440▲ 11.0%
2023 · €310,351
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
Line20202021202220232024
Operating result€1,647▼ 96.5%€12,277▲ 645%€38,653▲ 215%€18,155▼ 53.0%€51,271▲ 182%
Net result-€2,339€9,092€28,962▲ 219%€15,695▼ 45.8%€36,906▲ 135%
Equity€338,188▼ 0.7%€347,280▲ 2.7%€376,242▲ 8.3%€391,937▲ 4.2%€428,843▲ 9.4%
Total assets€485,111▼ 1.6%€490,238▲ 1.1%€518,954▲ 5.9%€527,923▲ 1.7%€521,924▼ 1.1%
Debt€146,923▼ 3.7%€142,958▼ 2.7%€142,712▼ 0.2%€135,986▼ 4.7%€93,081▼ 31.6%
Working capital€247,463▼ 1.8%€259,666▲ 4.9%€291,643▲ 12.3%€310,351▲ 6.4%€344,440▲ 11.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 182% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €521,924
Fixed assets
€84,403 ▲ 3.5%
Current assets
€437,521 ▼ 2.0%
Equity and liabilities €521,924
Equity
€428,843 ▲ 9.4%
Debt
€93,081 ▼ 31.6%
Debt's share of the balance-sheet total falls from 25.8% to 17.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54,550▲
2023 · €21,168
Cash flow
€40,185▲
2023 · €18,708
Current ratio
4.70▲
2023 · 3.28
Debt to equity
0.22▼
2023 · 0.35
ROE
8.6%▲
2023 · 4.0%
ROA
7.1%▲
2023 · 3.0%
Interest coverage
250.23▲
2023 · 41.26
Debt ≤ 1 year
€93,081▼
2023 · €135,986
Income taxes
€14,148▲
2023 · €1,947
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.6% 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 497,662 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 20,129 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,708 | €3,111 | €3,015 | €3,013 | €3,279 | ▲ 8.8% |
| Other operating charges640/8 | €5,835 | €468 | €8,805 | €8,723 | €7,425 | ▼ 14.9% |
| Gross operating margin9900 | €10,190 | €15,856 | €50,473 | €29,891 | €61,975 | ▲ 107% |
| Operating profit (loss)9901 | €1,647 | €12,277 | €38,653 | €18,155 | €51,271 | ▲ 182% |
| Financial income75/76B | - | - | - | - | €1 | - |
| Recurring financial income75 | - | - | - | - | €1 | - |
| Financial charges65/66B | €382 | €114 | €37 | €513 | €218 | ▼ 57.5% |
| Recurring financial charges65 | €382 | €114 | €37 | €513 | €218 | ▼ 57.5% |
| Profit (loss) for the period before taxes9903 | €1,265 | €12,163 | €38,616 | €17,642 | €51,054 | ▲ 189% |
| Income taxes67/77 | €3,604 | €3,071 | €9,654 | €1,947 | €14,148 | ▲ 627% |
| Profit (loss) for the period9904 | -€2,339 | €9,092 | €28,962 | €15,695 | €36,906 | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | -€2,339 | €9,092 | €28,962 | €15,695 | €36,906 | ▲ 135% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €485,111 | €490,238 | €518,954 | €527,923 | €521,924 | ▼ 1.1% |
| Fixed assets21/28 | €90,725 | €87,614 | €84,599 | €81,586 | €84,403 | ▲ 3.5% |
| Tangible fixed assets22/27 | €90,725 | €87,614 | €84,599 | €81,586 | €84,403 | ▲ 3.5% |
| Land and buildings22 | €85,915 | €83,808 | €81,798 | €79,789 | €78,987 | ▼ 1.0% |
| Plant, machinery and equipment23 | - | - | - | - | €928 | - |
| Furniture and vehicles24 | €4,810 | €3,806 | €2,801 | €1,797 | €4,488 | ▲ 150% |
| Current assets29/58 | €394,386 | €402,624 | €434,355 | €446,337 | €437,521 | ▼ 2.0% |
| Amounts receivable within one year40/41 | €394,372 | €387,822 | €380,736 | €396,881 | €399,927 | ▲ 0.8% |
| Trade receivables40 | €292,063 | €278,473 | €278,474 | €278,474 | €278,473 | = |
| Other amounts receivable41 | €102,309 | €109,349 | €102,262 | €118,407 | €121,454 | ▲ 2.6% |
| Cash at bank and in hand54/58 | €14 | €14,802 | €53,619 | €45,706 | €37,594 | ▼ 17.7% |
| Deferred charges and accrued income490/1 | - | - | - | €3,750 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €485,111 | €490,238 | €518,954 | €527,923 | €521,924 | ▼ 1.1% |
| Equity10/15 | €338,188 | €347,280 | €376,242 | €391,937 | €428,843 | ▲ 9.4% |
| Contributions10/11 | €174,000 | €174,000 | €174,000 | €174,000 | €174,000 | = |
| Capital10 | €174,000 | €174,000 | €174,000 | €174,000 | €174,000 | = |
| Issued capital100 | €174,000 | €174,000 | €174,000 | €174,000 | €174,000 | = |
| Reserves13 | €17,400 | €17,400 | €17,400 | €17,400 | €17,400 | = |
| Non-distributable reserves130/1 | €17,400 | €17,400 | €17,400 | €17,400 | €17,400 | = |
| Reserves not available under the articles1311 | €17,400 | €17,400 | €17,400 | €17,400 | €17,400 | = |
| Profit (loss) carried forward14 | €146,788 | €155,880 | €184,842 | €200,537 | €237,443 | ▲ 18.4% |
| Amounts payable17/49 | €146,923 | €142,958 | €142,712 | €135,986 | €93,081 | ▼ 31.6% |
| Amounts payable within one year42/48 | €146,923 | €142,958 | €142,712 | €135,986 | €93,081 | ▼ 31.6% |
| Current portion of amounts payable after more than one year42 | €3,333 | €3,157 | €2,911 | €3,190 | €3,173 | ▼ 0.5% |
| Trade debts44 | - | - | - | €4,770 | - | - |
| Suppliers440/4 | - | - | - | €4,770 | - | - |
| Taxes, remuneration and social security45 | €3,789 | - | - | €225 | €3,107 | ▲ 1,281% |
| Taxes450/3 | €3,789 | - | - | €225 | €3,107 | ▲ 1,281% |
| Other amounts payable47/48 | €139,801 | €139,801 | €139,801 | €127,801 | €86,801 | ▼ 32.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,339 | €9,092 | €28,962 | €15,695 | €36,906 | ▲ 135% |
| + Depreciation and write-downs630 | €2,708 | €3,111 | €3,015 | €3,013 | €3,279 | ▲ 8.8% |
| Operating cash flow (approximation) | €369 | €12,203 | €31,977 | €18,708 | €40,185 | ▲ 115% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€6,096 | - |
| Change in cash | - | €14,788 | €38,817 | -€7,913 | -€8,112 | ▼ 2.5% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 365 days late
2024
31-12
Financial
Highest result since 2018net €36,906 ▲135%
Operating result €51,271, net result €36,906, both a record.
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
09-01
KBO administration
Strikeout withdrawn
event 22-12-2022
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 144 days late
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 509 days late
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 874 days late
22-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1240 days late
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1605 days late
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1970 days late
22-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 2335 days late
Show earlier events
2021
31-12
Financial
Back to profitnet €9,092
Net result €9,092 after one loss-making year.
2020
31-12
Financial
Weakest financial yearnet -€2,339
Net result drops to -€2,339, the lowest in the series; recovery starts the following year.
2019
20-11
KBO administration
Strikeout initial
event 04-11-2019
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Waasmunster · 1 establishment unit since 2002
Ground area
1,677 m²
Building footprint
151 m²
Volume, LiDAR
1,151 m³
Parcel 42023A1018/00R000, Flanders · tallest building 20.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EUROFAT
since 20022.113.495.881
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023A1018/00R000 | Flanders | 1,677 m² | 1 · 151 m² | 20.6 m · 2 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.
Identification & contact
Identification
Legal formPublic limited company
Founded26-01-1996
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457085675
Also
9925:BE0457085675
Registered
23-09-2025
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.