ACAR
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
55 d early
2022
47 d early
2021
58 d early
2020
54 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 50 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?ELECTRICITE DE FRANCE · 66 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€1.4m▲ 38.5%
2023 · €996,243
Total assets
€1.9m▲ 8.0%
2023 · €1.7m
Net result
€383,861▲ 85.9%
2023 · €206,456
Working capital
€1.1m▲ 45.0%
2023 · €769,281
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€325,280▲ 0.5%€292,896▼ 10.0%€253,652▼ 13.4%€250,778▼ 1.1%€484,149▲ 93.1%
Net result€239,896▲ 5.5%€221,353▼ 7.7%€191,962▼ 13.3%€206,456▲ 7.6%€383,861▲ 85.9%
Equity€1.1m▲ 3.9%€1.2m▲ 11.3%€1.3m▲ 7.7%€996,243▼ 22.5%€1.4m▲ 38.5%
Total assets€1.7m▲ 24.7%€1.7m▲ 0.7%€1.7m▼ 3.6%€1.7m▲ 6.0%€1.9m▲ 8.0%
Debt€571,452▲ 99.1%€419,825▼ 26.5%€354,548▼ 15.5%€741,965▲ 109%€495,794▼ 33.2%
Working capital€978,248▲ 6.0%€1.1m▲ 12.3%€1.1m▲ 1.9%€769,281▼ 31.2%€1.1m▲ 45.0%
Staff (FTE)21.4▲ 15.7%21.6▲ 0.9%21.2▼ 1.9%19.6▼ 7.5%22.8▲ 16.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 93% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.9m
Fixed assets
€282,080 ▲ 10.7%
Current assets
€1.6m ▲ 7.5%
Equity and liabilities €1.9m
Equity
€1.4m ▲ 38.5%
Provisions
€13,114 ▲ 19.8%
Debt
€495,794 ▼ 33.2%
Debt's share of the balance-sheet total falls from 42.4% to 26.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€573,112▲
2023 · €324,423
Cash flow
€472,824▲
2023 · €280,101
Current ratio
3.27▲
2023 · 2.06
Quick ratio
2.94▲
2023 · 1.80
Debt to equity
0.36▼
2023 · 0.74
ROE
27.8%▲
2023 · 20.7%
ROA
20.3%▲
2023 · 11.8%
Interest coverage
258.05▲
2023 · 169.32
Debt ≤ 1 year
€491,389▼
2023 · €724,949
Income taxes
€141,565▲
2023 · €83,676
Staff costs
€1.6m▲
2023 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1.1m | €1.3m | €1.3m | €1.6m | ▲ 17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,175 | €79,837 | €76,736 | €73,645 | €88,963 | ▲ 20.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €41,960 | -€87,481 | €949 | €2,165 | ▲ 128% |
| Other operating charges640/8 | - | €9,004 | €81,839 | €10,079 | €9,887 | ▼ 1.9% |
| Gross operating margin9900 | €1.6m | €1.6m | €1.6m | €1.7m | €2.2m | ▲ 28.7% |
| Operating profit (loss)9901 | €325,280 | €292,896 | €253,652 | €250,778 | €484,149 | ▲ 93.1% |
| Financial income75/76B | - | €22,418 | €19,451 | €41,270 | €43,499 | ▲ 5.4% |
| Recurring financial income75 | €19,290 | €22,418 | €19,451 | €41,270 | €43,499 | ▲ 5.4% |
| Financial charges65/66B | - | €7,145 | €2,115 | €1,916 | €2,221 | ▲ 15.9% |
| Recurring financial charges65 | €2,901 | €7,145 | €2,115 | €1,916 | €2,221 | ▲ 15.9% |
| Profit (loss) for the period before taxes9903 | €341,668 | €308,169 | €270,989 | €290,132 | €525,427 | ▲ 81.1% |
| Income taxes67/77 | €101,772 | €86,817 | €79,027 | €83,676 | €141,565 | ▲ 69.2% |
| Profit (loss) for the period9904 | €239,896 | €221,353 | €191,962 | €206,456 | €383,861 | ▲ 85.9% |
| Profit (loss) for the period to be appropriated9905 | €239,896 | €221,353 | €191,962 | €206,456 | €383,861 | ▲ 85.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.7m | €1.7m | €1.7m | €1.9m | ▲ 8.0% |
| Fixed assets21/28 | €221,794 | €229,564 | €223,476 | €254,927 | €282,080 | ▲ 10.7% |
| Intangible fixed assets21 | €183 | - | - | €0 | €20,965 | - |
| Tangible fixed assets22/27 | €211,115 | €219,027 | €212,824 | €244,302 | €241,230 | ▼ 1.3% |
| Plant, machinery and equipment23 | - | €33,008 | €34,169 | €28,705 | €34,789 | ▲ 21.2% |
| Furniture and vehicles24 | - | €164,947 | €147,007 | €188,952 | €184,799 | ▼ 2.2% |
| Other tangible fixed assets26 | - | €21,072 | €31,648 | €26,645 | €21,642 | ▼ 18.8% |
| Financial fixed assets28 | €10,496 | €10,537 | €10,653 | €10,625 | €19,885 | ▲ 87.2% |
| Current assets29/58 | €1.5m | €1.5m | €1.4m | €1.5m | €1.6m | ▲ 7.5% |
| Stocks and contracts in progress3 | €146,947 | €187,138 | €178,339 | €192,469 | €163,011 | ▼ 15.3% |
| Stocks30/36 | - | €155,654 | €169,356 | €148,420 | €152,354 | ▲ 2.7% |
| Contracts in progress37 | - | €31,485 | €8,983 | €44,049 | €10,656 | ▼ 75.8% |
| Amounts receivable within one year40/41 | €484,809 | €454,458 | €350,946 | €487,690 | €903,370 | ▲ 85.2% |
| Trade receivables40 | - | €386,884 | €314,865 | €409,653 | €804,767 | ▲ 96.5% |
| Other amounts receivable41 | - | €67,574 | €36,081 | €78,037 | €98,603 | ▲ 26.4% |
| Cash at bank and in hand54/58 | €780,431 | €840,019 | €897,622 | €814,071 | €540,551 | ▼ 33.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.7m | €1.7m | €1.7m | €1.9m | ▲ 8.0% |
| Equity10/15 | €1.1m | €1.2m | €1.3m | €996,243 | €1.4m | ▲ 38.5% |
| Contributions10/11 | €149,000 | €149,000 | €149,000 | €149,000 | €149,000 | = |
| Capital10 | - | €149,000 | €149,000 | €149,000 | €149,000 | = |
| Issued capital100 | - | €149,000 | €149,000 | €149,000 | €149,000 | = |
| Reserves13 | €456,514 | €456,514 | €456,514 | €456,514 | €456,514 | = |
| Non-distributable reserves130/1 | - | €59,900 | €59,900 | €59,900 | €59,900 | = |
| Legal reserve130 | - | €59,900 | €59,900 | €59,900 | €59,900 | = |
| Tax-exempt reserves132 | - | €68,197 | €68,197 | €68,197 | €68,197 | = |
| Distributable reserves133 | - | €328,417 | €328,417 | €328,417 | €328,417 | = |
| Profit (loss) carried forward14 | €467,007 | €588,360 | €680,321 | €390,729 | €774,591 | ▲ 98.2% |
| Provisions and deferred taxes16 | €55,521 | €97,481 | €10,000 | €10,949 | €13,114 | ▲ 19.8% |
| Provisions for liabilities and charges160/5 | - | €97,481 | €10,000 | €10,949 | €13,114 | ▲ 19.8% |
| Other liabilities and charges164/5 | - | €97,481 | €10,000 | €10,949 | €13,114 | ▲ 19.8% |
| Amounts payable17/49 | €571,452 | €419,825 | €354,548 | €741,965 | €495,794 | ▼ 33.2% |
| Amounts payable within one year42/48 | €499,452 | €383,519 | €308,323 | €724,949 | €491,389 | ▼ 32.2% |
| Trade debts44 | €202,797 | €202,437 | €95,658 | €175,405 | €427,107 | ▲ 143% |
| Suppliers440/4 | - | €202,437 | €95,658 | €175,405 | €427,107 | ▲ 143% |
| Taxes, remuneration and social security45 | - | €81,083 | €112,665 | €53,495 | €64,283 | ▲ 20.2% |
| Taxes450/3 | - | €7,842 | €20,528 | €33,676 | €31,565 | ▼ 6.3% |
| Remuneration and social security454/9 | - | €73,241 | €92,137 | €19,819 | €32,717 | ▲ 65.1% |
| Other amounts payable47/48 | - | €100,000 | €100,000 | €496,048 | - | - |
| Accrued charges and deferred income492/3 | - | €36,306 | €46,225 | €17,016 | €4,404 | ▼ 74.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €239,896 | €221,353 | €191,962 | €206,456 | €383,861 | ▲ 85.9% |
| + Depreciation and write-downs630 | €67,175 | €79,837 | €76,736 | €73,645 | €88,963 | ▲ 20.8% |
| Operating cash flow (approximation) | €307,072 | €301,189 | €268,698 | €280,101 | €472,824 | ▲ 68.8% |
| Investment in fixed assets (approximation) | - | -€87,607 | -€70,648 | -€105,096 | -€116,116 | ▼ 10.5% |
| Change in cash | - | €59,588 | €57,603 | -€83,551 | -€273,520 | ▼ 227% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €383,861 ▲85.9%
Operating result €484,149, net result €383,861, both a record.
31-12
Financial
Equity above €1mEq €1.4m ▲38.5%
7 profitable years in a row build equity to €1.4m.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €191,962 ▼13.3%
Net result drops to €191,962, the lowest in the series.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1mEq €1.0m ▲28.2%
2 profitable years in a row build equity to €1.0m.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-07
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.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Part of the group
ELECTRICITE DE FRANCE
66 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: EDF BELGIUM. The sources do not say who stands above it.
Owners 1
- GezelparentSourceaccounts Gezel 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,000 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 500 EUR | 500 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Recognitions · licences · registrations
Dual-learning approval
2 endedMonteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitair installateur (so)