A2CLEAN
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 12 days after the deadline Filed on 12 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00394337.
Annual accounts 2025 filed on 12-08-2026 at the NBB all 12 filings
Turnover
≈ €480,000
Estimated: probably between €300,000 and €770,000
EBIT margin
Not included in this filing
Net result
-€3,453
2024 · €1,603
Working capital
€26,586▼ 11.5%
2024 · €30,039
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€3,009
2025
20182025
Net result
-€3,453
2025
lowest quarter of the sector
20182025
Equity
€27,162
▼ 11.3%
2025
lowest quarter of the sector
20182025
Total assets
€55,061
▼ 32.4%
2025
lowest quarter of the sector
20182025
Debt
€27,899
▼ 45.1%
2025
20182025
Working capital
€26,586
▼ 11.5%
2025
middle half of the sector
20182025
Solvency
49.3%
▲ 11.7pp
2025
middle half of the sector
20182025
Current ratio
1.95
▲ 0.36
2025
middle half of the sector
20182025
Return on assets (ROA)
-6.3%
▼ 8.2pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
5.9
▼ 26.3%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€8,453--€3,986▲ 52.8%€4,849€4,535▼ 6.5%€20,450▲ 351%€5,686▼ 72.2%€3,666▼ 35.5%-€3,009
Net result-€8,929--€4,147▲ 53.6%€3,374within the sector's middle half€1,620below the sector's middle half▼ 52.0%€11,308within the sector's middle half▲ 598%€3,444within the sector's middle half▼ 69.5%€1,603within the sector's middle half▼ 53.4%-€3,453below the sector's middle half
Equity€13,413-€9,266▼ 30.9%€12,640below the sector's middle half▲ 36.4%€14,260below the sector's middle half▲ 12.8%€25,568below the sector's middle half▲ 79.3%€29,012below the sector's middle half▲ 13.5%€30,615below the sector's middle half▲ 5.5%€27,162below the sector's middle half▼ 11.3%
Total assets€68,522-€51,276▼ 25.2%€52,808below the sector's middle half▲ 3.0%€67,228below the sector's middle half▲ 27.3%€71,979below the sector's middle half▲ 7.1%€78,641below the sector's middle half▲ 9.3%€81,460below the sector's middle half▲ 3.6%€55,061below the sector's middle half▼ 32.4%
Debt€55,109-€42,010▼ 23.8%€40,168▼ 4.4%€52,968▲ 31.9%€46,411▼ 12.4%€49,629▲ 6.9%€50,844▲ 2.4%€27,899▼ 45.1%
Working capital€10,768-€8,690▼ 19.3%€12,064within the sector's middle half▲ 38.8%€13,684within the sector's middle half▲ 13.4%€24,992within the sector's middle half▲ 82.6%€28,436within the sector's middle half▲ 13.8%€30,039within the sector's middle half▲ 5.6%€26,586within the sector's middle half▼ 11.5%
Solvency19.6%-18.1%▼ 1.5pp23.9%within the sector's middle half▲ 5.9pp21.2%within the sector's middle half▼ 2.7pp35.5%within the sector's middle half▲ 14.3pp36.9%within the sector's middle half▲ 1.4pp37.6%within the sector's middle half▲ 0.7pp49.3%within the sector's middle half▲ 11.7pp
Current ratio1.20-1.21▲ 0.011.30within the sector's middle half▲ 0.091.26within the sector's middle half▼ 0.041.54within the sector's middle half▲ 0.281.57within the sector's middle half▲ 0.031.59within the sector's middle half▲ 0.021.95within the sector's middle half▲ 0.36
Return on assets (ROA)-13.0%--8.1%▲ 4.9pp6.4%within the sector's middle half▲ 14.5pp2.4%within the sector's middle half▼ 4.0pp15.7%above the sector's middle half▲ 13.3pp4.4%within the sector's middle half▼ 11.3pp2.0%within the sector's middle half▼ 2.4pp-6.3%below the sector's middle half▼ 8.2pp
Staff (FTE)7.2-7.2=7.2within the sector's middle half=8within the sector's middle half▲ 11.1%9.5within the sector's middle half▲ 18.8%8.6within the sector's middle half▼ 9.5%8within the sector's middle half▼ 7.0%5.9within the sector's middle half▼ 26.3%
above
within
below
The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €3,009, after a profit of €3,666 in 2024. It is the lowest result since 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €55,061
Fixed assets
€576 =
Current assets
€54,485 ▼ 32.6%
Equity and liabilities €55,061
Equity
€27,162 ▼ 11.3%
Debt
€27,899 ▼ 45.1%
Debt's share of the balance-sheet total falls from 62.4% to 50.7%. Equity and debt are lower.
Key figures and ratios
Debt to equity
1.03▼
2024 · 1.66
ROE
-12.7%▼
2024 · 5.2%
Debt ≤ 1 year
€27,899▼
2024 · €50,844
Staff costs
€154,637▼
2024 · €240,947
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | 12 | 11 | 9 | - |
| full-time | - | 4 | 3 | 2 | - |
| part-time | - | 8 | 8 | 7 | - |
| in full-time equivalents | - | 9.5 | 8.3 | 7.4 | - |
| Average over the year, in full-time equivalents | 8 | 8.3 | 8.6 | 8 | 5.9 |
| On a permanent contract | - | 10 | 10 | 9 | - |
| Joined | - | 5 | 4 | 3 | 0 |
| Left | - | 2 | 5 | 3 | 9 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €3,173 | - |
| Remuneration, social security and pensions62 | - | - | - | €234,686 | €286,455 | €310,301 | €240,947 | €154,637 | ▼ 35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,269 | €2,069 | - | - | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €3,071 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €433 | €433 | €85 | €11,100 | €1,115 | ▼ 90.0% |
| Gross operating margin9900 | €206,415 | €209,051 | €187,909 | €239,654 | €310,409 | €316,072 | €255,712 | €152,742 | ▼ 40.3% |
| Operating profit (loss)9901 | -€8,453 | -€3,986 | €4,849 | €4,535 | €20,450 | €5,686 | €3,666 | -€3,009 | - |
| Financial income75/76B | - | - | - | - | €8,563 | €382 | €0 | €12 | ▲ 30× |
| Recurring financial income75 | €35 | €48 | €392 | - | €357 | €382 | €0 | €12 | ▲ 30× |
| Non-recurring financial income76B | - | - | - | - | €8,206 | - | - | - | - |
| Financial charges65/66B | - | - | - | €287 | €11,345 | €615 | €1,034 | €456 | ▼ 55.8% |
| Recurring financial charges65 | €511 | €209 | €177 | €287 | €648 | €615 | €1,034 | €456 | ▼ 55.8% |
| Non-recurring financial charges66B | - | - | - | - | €10,697 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€8,929 | -€4,147 | €5,064 | €4,248 | €17,668 | €5,453 | €2,632 | -€3,453 | - |
| Income taxes67/77 | €0 | - | €1,690 | €2,628 | €6,360 | €2,009 | €1,029 | - | - |
| Profit (loss) for the period9904 | -€8,929 | -€4,147 | €3,374 | €1,620 | €11,308 | €3,444 | €1,603 | -€3,453 | - |
| Profit (loss) for the period to be appropriated9905 | -€8,929 | -€4,147 | €3,374 | €1,620 | €11,308 | €3,444 | €1,603 | -€3,453 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €68,522 | €51,276 | €52,808 | €67,228 | €71,979 | €78,641 | €81,460 | €55,061 | ▼ 32.4% |
| Fixed assets21/28 | €2,645 | €576 | €576 | €576 | €576 | €576 | €576 | €576 | = |
| Tangible fixed assets22/27 | €2,069 | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €576 | €576 | €576 | €576 | €576 | €576 | €576 | €576 | = |
| Current assets29/58 | €65,877 | €50,700 | €52,232 | €66,652 | €71,403 | €78,065 | €80,884 | €54,485 | ▼ 32.6% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | - | €10,327 | - |
| Other amounts receivable291 | - | - | - | - | - | - | - | €10,327 | - |
| Amounts receivable within one year40/41 | €60,639 | €49,179 | €41,633 | €49,339 | €65,576 | €76,528 | €68,588 | €26,719 | ▼ 61.0% |
| Trade receivables40 | - | - | - | €23,167 | €62,722 | €71,906 | €64,447 | €25,771 | ▼ 60.0% |
| Other amounts receivable41 | - | - | - | €26,172 | €2,854 | €4,622 | €4,141 | €948 | ▼ 77.1% |
| Cash at bank and in hand54/58 | €5,238 | €160 | €8,596 | €15,222 | €2,936 | - | €10,472 | €17,439 | ▲ 66.5% |
| Deferred charges and accrued income490/1 | - | - | - | €2,091 | €2,891 | €1,537 | €1,823 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €68,522 | €51,276 | €52,808 | €67,228 | €71,979 | €78,641 | €81,460 | €55,061 | ▼ 32.4% |
| Equity10/15 | €13,413 | €9,266 | €12,640 | €14,260 | €25,568 | €29,012 | €30,615 | €27,162 | ▼ 11.3% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Contributions outside capital11 | - | - | - | €12,400 | - | - | - | - | - |
| Other1109/19 | - | - | - | €12,400 | - | - | - | - | - |
| Profit (loss) carried forward14 | €1,013 | -€3,134 | €240 | €1,860 | €13,168 | €16,612 | €18,215 | €14,762 | ▼ 19.0% |
| Amounts payable17/49 | €55,109 | €42,010 | €40,168 | €52,968 | €46,411 | €49,629 | €50,844 | €27,899 | ▼ 45.1% |
| Amounts payable within one year42/48 | €55,109 | €42,010 | €40,168 | €52,968 | €46,411 | €49,629 | €50,844 | €27,899 | ▼ 45.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €6,072 | €6,042 | ▼ 0.5% |
| Financial debts43 | - | - | - | €3,343 | €4,604 | €6,302 | - | - | - |
| Credit institutions430/8 | - | - | - | - | - | €599 | - | - | - |
| Other loans439 | - | - | - | €3,343 | €4,604 | €5,703 | - | - | - |
| Trade debts44 | €3,561 | €4,010 | €4,301 | €13,247 | €13,576 | €3,823 | €13,351 | €16,957 | ▲ 27.0% |
| Suppliers440/4 | - | - | - | €13,247 | €13,576 | €3,823 | €13,351 | €16,957 | ▲ 27.0% |
| Taxes, remuneration and social security45 | - | - | - | €33,563 | €24,508 | €38,474 | €28,951 | €1,151 | ▼ 96.0% |
| Taxes450/3 | - | - | - | €2,815 | €3,360 | €2,138 | €1,379 | €1,151 | ▼ 16.6% |
| Remuneration and social security454/9 | - | - | - | €30,748 | €21,148 | €36,336 | €27,572 | - | - |
| Other amounts payable47/48 | - | - | - | €2,815 | €3,723 | €1,030 | €2,470 | €3,750 | ▲ 51.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,929 | -€4,147 | €3,374 | €1,620 | €11,308 | €3,444 | €1,603 | -€3,453 | - |
| + Depreciation and write-downs630 | €2,269 | €2,069 | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€6,660 | -€2,078 | €3,374 | €1,620 | €11,308 | €3,444 | €1,603 | -€3,453 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€5,078 | €8,436 | €6,626 | -€12,286 | - | - | €6,967 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as A2CLEAN has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
90.9%
was still going
7.8%
stopped otherwise
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of A2CLEAN itself is higher: 1.5% within 12 months. It rests on far more data about A2CLEAN than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for A2CLEAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 12-08-2026 | 2026-00394337 | |
| 31-12-2024 | full format | 31-08-2025 | 2025-00483183 | |
| 31-12-2023 | full format | 24-09-2024 | 2024-00475879 | |
| 31-12-2022 | full format | 01-09-2023 | 2023-00441014 | |
| 31-12-2021 | full format | 30-09-2022 | 2022-20450818 | |
| 31-12-2020 | full format | 24-09-2021 | 2021-68400442 | |
| 31-12-2019 | full format | 22-09-2020 | 2020-55400596 | |
| 31-12-2018 | full format | 29-08-2019 | 2019-56300578 | |
| 31-12-2017 | full format | 17-09-2018 | 2018-63300081 | |
| 31-12-2016 | full format | 31-08-2017 | 2017-57700289 |