ACE SUN
ActiveSummary
The computed 12-month bankruptcy probability of ACE SUN is 2.7% (moderate). The 2025 annual accounts show equity of €65,813 and a net result of €7,667. Equity is growing by ~42.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 28184 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-35
Solvency38▼-2
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.7 in 2024; short-term debt: 13.4% and cash: 5% of total assets), and 87.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.5%
Return on assets
1.5%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-12-2025, 53 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
53 d early
2024
46 d early
2023
47 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 49 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
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 trust this company with building work?Contractor check 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
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€65,813▲ 12.0%
2024 · €58,746
Total assets
€525,707▲ 31.2%
2024 · €400,661
Net result
€7,667▼ 82.1%
2024 · €42,900
Working capital
€33,189▼ 5.3%
2024 · €35,053
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€19,294-€71,388▲ 270%€23,927▼ 66.5%
Net result€13,846within the sector's middle half-€42,900above the sector's middle half▲ 210%€7,667within the sector's middle half▼ 82.1%
Equity€15,846below the sector's middle half-€58,746within the sector's middle half▲ 271%€65,813within the sector's middle half▲ 12.0%
Total assets€115,484within the sector's middle half-€400,661above the sector's middle half▲ 247%€525,707above the sector's middle half▲ 31.2%
Debt€99,638-€341,915▲ 243%€459,894▲ 34.5%
Working capital€52,854-€35,053▼ 33.7%€33,189▼ 5.3%
Solvency13.7%below the sector's middle half-14.7%below the sector's middle half▲ 0.9pp12.5%below the sector's middle half▼ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €525,707
Fixed assets
€421,858 ▲ 33.8%
Current assets
€103,849 ▲ 21.8%
Equity and liabilities €525,707
Equity
€65,813 ▲ 12.0%
Debt
€459,894 ▲ 34.5%
Debt's share of the balance-sheet total rises from 85.3% to 87.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49,054▼
2024 · €82,962
Cash flow
€32,794▼
2024 · €54,474
Current ratio
1.47▼
2024 · 1.70
Quick ratio
0.59▼
2024 · 0.81
Debt to equity
6.99▲
2024 · 5.82
ROE
11.6%▼
2024 · 73.0%
ROA
1.5%▼
2024 · 10.7%
Interest coverage
3.17▼
2024 · 6.24
Debt ≤ 1 year
€70,659▲
2024 · €50,226
Debt > 1 year
€389,235▲
2024 · €278,039
Income taxes
€767▼
2024 · €15,204
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 895 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
0.7%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.7% 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 497,058 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% | 1.6% |
| 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 74% 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 895 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,470 | €11,574 | €25,127 | ▲ 117% |
| Other operating charges640/8 | - | €6,316 | €1,312 | ▼ 79.2% |
| Non-recurring operating charges66A | - | - | €973 | - |
| Gross operating margin9900 | €24,764 | €89,278 | €51,338 | ▼ 42.5% |
| Operating profit (loss)9901 | €19,294 | €71,388 | €23,927 | ▼ 66.5% |
| Financial income75/76B | €0 | €6 | €1 | ▼ 85.9% |
| Recurring financial income75 | €0 | €6 | €1 | ▼ 85.9% |
| Financial charges65/66B | €285 | €13,290 | €15,494 | ▲ 16.6% |
| Recurring financial charges65 | €285 | €13,290 | €15,494 | ▲ 16.6% |
| Profit (loss) for the period before taxes9903 | €19,010 | €58,104 | €8,433 | ▼ 85.5% |
| Income taxes67/77 | €5,163 | €15,204 | €767 | ▼ 95.0% |
| Profit (loss) for the period9904 | €13,846 | €42,900 | €7,667 | ▼ 82.1% |
| Profit (loss) for the period to be appropriated9905 | €13,846 | €42,900 | €7,667 | ▼ 82.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €115,484 | €400,661 | €525,707 | ▲ 31.2% |
| Fixed assets21/28 | €21,096 | €315,382 | €421,858 | ▲ 33.8% |
| Intangible fixed assets21 | €0 | €31,500 | - | - |
| Tangible fixed assets22/27 | €21,096 | €283,882 | €421,858 | ▲ 48.6% |
| Land and buildings22 | - | €253,382 | €339,164 | ▲ 33.9% |
| Plant, machinery and equipment23 | €4,674 | €2,729 | €2,581 | ▼ 5.4% |
| Furniture and vehicles24 | €16,423 | €11,755 | €8,140 | ▼ 30.8% |
| Other tangible fixed assets26 | - | €16,016 | €71,973 | ▲ 349% |
| Current assets29/58 | €94,388 | €85,279 | €103,849 | ▲ 21.8% |
| Stocks and contracts in progress3 | €36,767 | €44,439 | €62,271 | ▲ 40.1% |
| Stocks30/36 | €36,767 | €44,439 | €62,271 | ▲ 40.1% |
| Amounts receivable within one year40/41 | €31,187 | €3,416 | €12,971 | ▲ 280% |
| Trade receivables40 | €9,203 | €868 | €5,390 | ▲ 521% |
| Other amounts receivable41 | €21,984 | €2,548 | €7,581 | ▲ 198% |
| Cash at bank and in hand54/58 | €26,070 | €36,174 | €26,516 | ▼ 26.7% |
| Deferred charges and accrued income490/1 | €363 | €1,251 | €2,090 | ▲ 67.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €115,484 | €400,661 | €525,707 | ▲ 31.2% |
| Equity10/15 | €15,846 | €58,746 | €65,813 | ▲ 12.0% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €10,000 | €10,000 | €56,703 | ▲ 467% |
| Distributable reserves133 | €10,000 | €10,000 | €56,703 | ▲ 467% |
| Profit (loss) carried forward14 | €3,846 | €46,746 | €7,110 | ▼ 84.8% |
| Amounts payable17/49 | €99,638 | €341,915 | €459,894 | ▲ 34.5% |
| Amounts payable after more than one year17 | - | €278,039 | €389,235 | ▲ 40.0% |
| Financial debts170/4 | - | €278,039 | €389,235 | ▲ 40.0% |
| Amounts payable within one year42/48 | €41,534 | €50,226 | €70,659 | ▲ 40.7% |
| Current portion of amounts payable after more than one year42 | - | - | €20,276 | - |
| Trade debts44 | €8,767 | €5,980 | €12,166 | ▲ 103% |
| Suppliers440/4 | €8,767 | €5,980 | €12,166 | ▲ 103% |
| Taxes, remuneration and social security45 | €5,163 | €9,571 | €1,254 | ▼ 86.9% |
| Taxes450/3 | €5,163 | €9,571 | €1,254 | ▼ 86.9% |
| Other amounts payable47/48 | €27,603 | €34,676 | €36,964 | ▲ 6.6% |
| Accrued charges and deferred income492/3 | €58,104 | €13,650 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,846 | €42,900 | €7,667 | ▼ 82.1% |
| + Depreciation and write-downs630 | €5,470 | €11,574 | €25,127 | ▲ 117% |
| Operating cash flow (approximation) | €19,316 | €54,474 | €32,794 | ▼ 39.8% |
| Investment in fixed assets (approximation) | - | -€305,860 | -€131,604 | ▲ 57.0% |
| Change in cash | - | €10,104 | -€9,658 | ▼ 196% |
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
Next filing, fiscal year 2026, expected by
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €7,667 ▼82.1%
Net result drops to €7,667, the lowest in the series.
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2023net €42,900 ▲210%
Operating result €71,388, net result €42,900, both a record.
2023
15-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tellin · 1 establishment unit since 2022
Ground area
1,297 m²
Building footprint
186 m²
Volume, LiDAR
1,076 m³
Parcel 84068B1107/00F000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ACE SUN
since 20222.337.833.721
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84068B1107/00F000 | Wallonia | 1,297 m² | 1 · 186 m² | 8.1 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.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,746 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
Founded28-10-2022
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
02200Logging
71113Urban planning and landscape architecture
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail
serge@acesun.be
Phone
+32496408600
Phone
0496/40.86.00Tellin
E-invoicing
Reachable via Peppol
Peppol ID
0208:0792991727
Also
9925:BE0792991727
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.