ACEG
ActiveSummary
ACEG has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of -€404,648. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 15% of 868 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Financials · financial year 2025, full format
In the rankings
#3 company by staff growth in Flemish Brabant, Architecture and engineering sector#6 employer in Grimbergen, Professional and technical services sector#7 company by total assets in Grimbergen, Professional and technical services sector
Turnover
€38.5m▲ 7.1%
2024 · €36.0m
EBIT margin
-1.3%▲ 11.1pp
2024 · -12.4%
Net result
-€404,648▲ 90.8%
2024 · -€4.4m
Working capital
€406,032▼ 55.5%
2024 · €912,634
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €513,694 in 2025 against €4.5m in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€38.5m
2025
Operating result-€0.5m
2025
Net result-€0.4m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€15.7m
2025
Equity€1.4m
2025
Debt€14.3m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.4m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-1.3%
2025
Return on assets (ROA)-2.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency8.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.03
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)18
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€38.6m€36.0m▼ 7.0%€38.5m▲ 7.1%
Operating result€0.9m-€1.0m▲ 19.4%€1.6m▲ 56.6%€0.08m▼ 95.3%€2.3m▲ 2,887%€4.2m▲ 84.4%-€4.5m-€0.5m▲ 88.5%
Net result€0.5m-€0.7m▲ 41.0%€1.2mabove the sector's middle half▲ 67.1%-€0.02mbelow the sector's middle half€1.8mabove the sector's middle half€3.0mabove the sector's middle half▲ 71.8%-€4.4mbelow the sector's middle half-€0.4mbelow the sector's middle half▲ 90.8%
EBIT margin10.9%-12.4%▼ 23.3pp-1.3%▲ 11.1pp
Equity€0.5m-€1.0m▲ 108%€1.4mabove the sector's middle half▲ 46.2%€1.4mabove the sector's middle half▼ 1.3%€3.2mabove the sector's middle half▲ 125%€6.2mabove the sector's middle half▲ 95.4%€1.8mabove the sector's middle half▼ 71.1%€1.4mwithin the sector's middle half▼ 22.7%
Total assets€2.6m-€4.5m▲ 73.0%€6.6mabove the sector's middle half▲ 48.1%€6.7mabove the sector's middle half▲ 0.6%€8.8mabove the sector's middle half▲ 32.4%€13.7mabove the sector's middle half▲ 55.7%€22.1mabove the sector's middle half▲ 61.3%€15.7mabove the sector's middle half▼ 29.1%
Debt€2.1m-€3.5m▲ 65.2%€5.2m▲ 48.7%€5.3m▲ 1.1%€5.7m▲ 7.8%€7.6m▲ 33.5%€20.4m▲ 169%€14.3m▼ 29.6%
Working capital€0.1m-€0.5m▲ 247%€0.4mwithin the sector's middle half▼ 25.0%€0.1mwithin the sector's middle half▼ 66.0%€2.0mabove the sector's middle half▲ 1,426%€5.4mabove the sector's middle half▲ 171%€0.9mabove the sector's middle half▼ 83.1%€0.4mwithin the sector's middle half▼ 55.5%
Solvency18.1%-21.8%▲ 3.7pp21.5%within the sector's middle half▼ 0.3pp21.1%within the sector's middle half▼ 0.4pp35.8%within the sector's middle half▲ 14.7pp44.9%within the sector's middle half▲ 9.1pp8.0%below the sector's middle half▼ 36.9pp8.7%below the sector's middle half▲ 0.7pp
Current ratio1.08-1.16▲ 0.081.09below the sector's middle half▼ 0.071.03below the sector's middle half▼ 0.061.35within the sector's middle half▲ 0.331.73within the sector's middle half▲ 0.381.05below the sector's middle half▼ 0.691.03below the sector's middle half▼ 0.02
Return on assets (ROA)19.4%-15.8%▼ 3.6pp17.8%above the sector's middle half▲ 2.0pp-0.3%below the sector's middle half▼ 18.1pp19.8%above the sector's middle half▲ 20.1pp21.9%above the sector's middle half▲ 2.1pp-19.8%below the sector's middle half▼ 41.7pp-2.6%below the sector's middle half▲ 17.2pp
Staff (FTE)7.8-10.9▲ 39.7%10.2above the sector's middle half▼ 6.4%9.7within the sector's middle half▼ 4.9%12.1above the sector's middle half▲ 24.7%15within the sector's middle half▲ 24.0%15.1within the sector's middle half▲ 0.7%18within the sector's middle half▲ 19.2%
above
within
below
the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2023 Net result +72% on 2022. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.7m
Fixed assets
€1.3m ▲ 20.2%
Current assets
€14.4m ▼ 31.6%
Equity and liabilities €15.7m
Equity
€1.4m ▼ 22.7%
Debt
€14.3m ▼ 29.6%
Debt's share of the balance-sheet total falls from 92.0% to 91.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€382,127▲
2024 · -€4.4m
Cash flow
-€273,081▲
2024 · -€4.3m
Debt to equity
10.43▼
2024 · 11.45
ROE
-29.4%▲
2024 · -246.4%
Interest coverage
-1.08▲
2024 · -16.08
Debt ≤ 1 year
€14.0m▼
2024 · €20.1m
Debt > 1 year
€95,651▼
2024 · €135,116
Income taxes
€4,188▲
2024 · -€12,389
Staff costs
€1.2m▲
2024 · €899,171
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 912 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95.3% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.4%
went bankrupt
2.1%
stopped otherwise
95.3%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 912 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | - | €38.8m | €36.1m | €38.6m | ▲ 6.9% |
| Turnover70 | - | - | - | - | - | €38.6m | €36.0m | €38.5m | ▲ 7.1% |
| Other operating income74 | - | - | - | - | - | €0.1m | €0.08m | €0.08m | ▲ 2.9% |
| Non-recurring operating income76A | - | - | - | €0 | - | - | €0.07m | €0 | ▼ 100% |
| Operating charges60/66A | - | - | - | - | - | €34.6m | €40.6m | €39.1m | ▼ 3.7% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | €25.1m | €28.5m | €26.9m | ▼ 5.6% |
| Purchases600/8 | - | - | - | - | - | €25.1m | €28.5m | €26.9m | ▼ 5.6% |
| Services and other goods61 | - | - | - | - | - | €8.1m | €10.7m | €10.5m | ▼ 1.9% |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.6m | €1.0m | €0.9m | €1.2m | ▲ 38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.06m | €0.07m | €0.1m | €0.09m | €0.09m | €0.09m | €0.1m | €0.1m | ▲ 13.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €0.2m | €0.3m | €0.2m | ▼ 50.5% |
| Other operating charges640/8 | - | - | - | €0.1m | €0.04m | €0.04m | €0.01m | €0.08m | ▲ 483% |
| Non-recurring operating charges66A | - | - | - | - | €0.06m | €0.01m | €0.04m | €0.07m | ▲ 100% |
| Gross operating margin9900 | €1.3m | €1.6m | €2.3m | €0.7m | €3.1m | - | - | - | - |
| Operating profit (loss)9901 | €0.9m | €1.0m | €1.6m | €0.08m | €2.3m | €4.2m | -€4.5m | -€0.5m | ▲ 88.5% |
| Financial income75/76B | - | - | - | €0.05m | €0.2m | €0.2m | €0.4m | €0.6m | ▲ 52.7% |
| Recurring financial income75 | €0.02m | €0.01m | €0.04m | €0.05m | €0.2m | €0.2m | €0.4m | €0.6m | ▲ 52.7% |
| Income from financial fixed assets750 | - | - | - | - | - | - | - | €0.03m | - |
| Income from current assets751 | - | - | - | - | - | €0.2m | €0.4m | €0.2m | ▼ 33.9% |
| Other financial income752/9 | - | - | - | - | - | €0.03m | €0.01m | €0.3m | ▲ 2,757% |
| Financial charges65/66B | - | - | - | €0.07m | €0.08m | €0.3m | €0.3m | €0.5m | ▲ 55.1% |
| Recurring financial charges65 | €0.07m | €0.05m | €0.08m | €0.07m | €0.08m | €0.3m | €0.3m | €0.5m | ▲ 56.4% |
| Debt charges650 | - | - | - | - | - | €0.2m | €0.3m | €0.4m | ▲ 30.2% |
| Other financial charges652/9 | - | - | - | - | - | €0.06m | €0.04m | €0.1m | ▲ 257% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €0.002m | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €0.7m | €1.0m | €1.6m | €0.06m | €2.4m | €4.1m | -€4.4m | -€0.4m | ▲ 90.9% |
| Income taxes67/77 | €0.2m | €0.3m | €0.4m | €0.08m | €0.6m | €1.1m | -€0.01m | €0.004m | - |
| Taxes670/3 | - | - | - | - | - | €1.1m | €0.01m | €0.004m | ▼ 63.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | €0.02m | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €0.5m | €0.7m | €1.2m | -€0.02m | €1.8m | €3.0m | -€4.4m | -€0.4m | ▲ 90.8% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €1.0m | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.5m | €0.7m | €1.2m | -€0.02m | €1.8m | €2.0m | -€4.4m | -€0.4m | ▲ 90.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.6m | €4.5m | €6.6m | €6.7m | €8.8m | €13.7m | €22.1m | €15.7m | ▼ 29.1% |
| Fixed assets21/28 | €0.7m | €0.8m | €1.9m | €1.4m | €1.2m | €1.0m | €1.1m | €1.3m | ▲ 20.2% |
| Intangible fixed assets21 | €0.08m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0.2m | ▲ 63.2% |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €1.7m | €1.1m | €0.9m | €0.9m | €1.0m | €1.0m | ▼ 3.8% |
| Land and buildings22 | - | - | - | €1.0m | €0.8m | €0.8m | €0.9m | €0.9m | ▼ 7.0% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0 | €0.002m | €0.002m | €0.003m | ▲ 92.9% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.05m | €0.03m | €0.07m | €0.06m | ▼ 10.0% |
| Leasing and similar rights25 | - | - | - | €0 | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €114 | €0 | - | - | €0.03m | - |
| Financial fixed assets28 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.003m | €0 | €0.2m | - |
| Affiliated companies280/1 | - | - | - | - | - | €0.003m | €0 | €0.2m | - |
| Participating interests280 | - | - | - | - | - | €0.003m | €0 | €0.2m | - |
| Current assets29/58 | €1.9m | €3.7m | €4.7m | €5.2m | €7.6m | €12.7m | €21.1m | €14.4m | ▼ 31.6% |
| Amounts receivable after more than one year29 | - | - | - | €0.05m | €0 | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0.05m | €0 | - | - | - | - |
| Stocks and contracts in progress3 | - | - | - | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €1.8m | €3.6m | €4.5m | €5.2m | €7.5m | €12.0m | €20.4m | €13.9m | ▼ 31.7% |
| Trade receivables40 | - | - | - | €2.1m | €4.2m | €6.8m | €5.6m | €5.4m | ▼ 3.4% |
| Other amounts receivable41 | - | - | - | €3.1m | €3.4m | €5.2m | €14.8m | €8.5m | ▼ 42.4% |
| Cash at bank and in hand54/58 | €0.09m | €0.04m | €0.1m | €0.02m | €0.06m | €0.5m | €0.06m | €0.1m | ▲ 86.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.03m | €0.2m | €0.6m | €0.3m | ▼ 41.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.6m | €4.5m | €6.6m | €6.7m | €8.8m | €13.7m | €22.1m | €15.7m | ▼ 29.1% |
| Equity10/15 | €0.5m | €1.0m | €1.4m | €1.4m | €3.2m | €6.2m | €1.8m | €1.4m | ▼ 22.7% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.2m | €0.5m | €1.4m | €1.4m | €1.4m | €6.2m | €6.2m | €6.2m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | - | - | - | €1.0m | €1.0m | €1.0m | = |
| Distributable reserves133 | - | - | - | €1.4m | €1.4m | €5.2m | €5.2m | €5.2m | = |
| Profit (loss) carried forward14 | €0.3m | €0.5m | €0 | €0 | €1.8m | €0.005m | -€4.4m | -€4.8m | ▼ 9.2% |
| Amounts payable17/49 | €2.1m | €3.5m | €5.2m | €5.3m | €5.7m | €7.6m | €20.4m | €14.3m | ▼ 29.6% |
| Amounts payable after more than one year17 | €0.4m | €0.3m | €0.9m | €0.1m | €0 | - | €0.1m | €0.1m | ▼ 29.2% |
| Financial debts170/4 | - | - | - | €0.1m | €0 | - | €0.1m | €0.1m | ▼ 29.2% |
| Credit institutions173 | - | - | - | - | - | - | €0.1m | €0.1m | ▼ 29.2% |
| Amounts payable within one year42/48 | €1.7m | €3.2m | €4.3m | €5.1m | €5.6m | €7.4m | €20.1m | €14.0m | ▼ 30.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0 | - | €0.04m | €0.04m | ▲ 4.7% |
| Financial debts43 | - | - | - | €0.2m | €0.2m | €2.1m | €2.7m | €2.6m | ▼ 5.0% |
| Credit institutions430/8 | - | - | - | €0.2m | €0.01m | €2.1m | €2.7m | €2.6m | ▼ 5.0% |
| Other loans439 | - | - | - | - | €0.2m | €0 | - | - | - |
| Trade debts44 | €0.06m | €0.05m | €0.1m | €1.4m | €0.2m | €0.9m | €12.1m | €3.9m | ▼ 67.8% |
| Suppliers440/4 | - | - | - | €1.4m | €0.2m | €0.9m | €12.1m | €3.9m | ▼ 67.8% |
| Advances received on contracts in progress46 | - | - | - | €0.007m | €0.007m | €0 | €0.3m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.4m | €0.3m | €0.3m | €0.4m | ▲ 27.9% |
| Taxes450/3 | - | - | - | €0.1m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 16.8% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.08m | €0.08m | €0.09m | €0.2m | ▲ 127% |
| Other amounts payable47/48 | - | - | - | €3.3m | €4.9m | €4.1m | €4.6m | €7.0m | ▲ 53.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €0.02m | €0.2m | €0.09m | €0.2m | ▲ 179% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | €0.7m | €1.2m | -€0.02m | €1.8m | €3.0m | -€4.4m | -€0.4m | ▲ 90.8% |
| + Depreciation and write-downs630 | €0.06m | €0.07m | €0.1m | €0.09m | €0.09m | €0.09m | €0.1m | €0.1m | ▲ 13.6% |
| Operating cash flow (approximation) | €0.6m | €0.8m | €1.3m | €0.07m | €1.8m | €3.1m | -€4.3m | -€0.3m | ▲ 93.6% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€1.2m | €0.4m | €0.1m | €0.1m | -€0.2m | -€0.4m | ▼ 59.1% |
| Change in cash | - | -€0.05m | €0.06m | -€0.09m | €0.04m | €0.4m | -€0.4m | €0.06m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 24-06-2026 | 2026-00200314 |
| 31-12-2024 | full format | 23-07-2025 | 2025-00299499 |
| 31-12-2023 | full format | 23-08-2024 | 2024-00372751 |
| 31-12-2022 | abbreviated format | 10-08-2023 | 2023-00333047 |
| 31-12-2021 | abbreviated format | 05-09-2022 | 2022-20419038 |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-63200185 |
| 31-12-2019 | abbreviated format | 03-09-2020 | 2020-51200532 |
| 31-12-2018 | abbreviated format | 01-07-2019 | 2019-27400436 |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-60600192 |
| 31-12-2016 | abbreviated format | 30-09-2017 | 2017-65900182 |
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Of the 2,140 active companies whose main activity is other technical testing and analysis (NACE 71209), figures are known for 1,097. 503 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €9,332 awarded · €9,332 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,280 | €1,280 |
| 2024 | 1 | €552 | €552 |
| 2022 | 1 | €7,500 | €7,500 |
Public contracts
3 awards · 2024 to 2026
Contrôle des installations électriques par organisme(s) agréé(s): Contrôle des cabines et postes de transformation aériens (incluant les armoires basse tension mobiles) pour les régions Wallonie Est et Brabant Wallon
Raamovereenkomst voor Keuringen door 1 dienstverlener voor technische controles op de werkplaats
Periodieke Keuringen hefwerktuigen en toebehoren, ladders, veiligheidsmaterialen, lastoestellen, liften en visueel onderzoek van taatspotten: PRO/MB/2023/00008bis - 1
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.