ACER
ActiveThe computed 12-month bankruptcy probability of ACER is 1.6% (moderate). The 2025 annual accounts show negative equity (€-226k) and a net result of €-3k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 5% of 2041 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▼-11
Solvency0=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 1.43 in 2024; short-term debt: 209.5% and cash: 16.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-214.8%
Return on assets
-3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-226k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
62 d late
2023
30 d late
2022
29 d late
2021
37 d late
2020
31 d late
2019
68 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-3k▲ 17.8%
2024 · €-4k
2018: €667
2019: €2k
2020: €2k
2021: €184
2022: €1k
2023: €1k
2024: €-4k
2018 → 2025
Working capital
€-168k
2024 · €106k
2018: €168k
2019: €154k
2020: €-35k
2021: €-21k
2022: €139k
2023: €436k
2024: €106k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-222k-€-221k▲ 0.6%€-220k▲ 0.5%€-223k▼ 1.7%€-226k▼ 1.4%
Operating result€15k-€12k▼ 17.5%€11k▼ 5.9%€5k▼ 59.6%€15k▲ 218%
Net result€184-€1k▲ 589%€1k▼ 13.7%€-4k€-3k▲ 17.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 218% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105k
Fixed assets
€53k▲ 208%
Current assets
€53k▼ 85.0%
Key figures and ratios
EBITDA
€22k▲
2024 · €12k
Cash flow
€5k▲
2024 · €4k
Solvency
-214.8%▼
2024 · -60.4%
Current ratio
0.24▼
2024 · 1.43
Quick ratio
0.22▼
2024 · 1.05
Debt / equity
-1.47▲
2024 · -2.65
ROA
-3.0%▼
2024 · -1.0%
Interest coverage
4.98▼
2024 · 9.72
Debt
€332k▼
2024 · €593k
Debt ≤ 1 year
€221k▼
2024 · €246k
Debt > 1 year
€111k▼
2024 · €330k
Income taxes
€13k▲
2024 · €9k
Staff costs
€908k▲
2024 · €853k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€370k€105k▼
Fixed assets21/28€17k€53k▲
Tangible fixed assets22/27€10k€45k▲
Plant, machinery and equipment23€6k€15k▲
Furniture and vehicles24€4k€30k▲
Financial fixed assets28€7k€7k=
Current assets29/58€353k€53k▼
Stocks and contracts in progress3€93k€3k▼
Stocks30/36€9k€3k▼
Contracts in progress37€84k-
Amounts receivable within one year40/41€210k€28k▼
Trade receivables40€196k€18k▼
Other amounts receivable41€15k€10k▼
Cash at bank and in hand54/58€41k€18k▼
Deferred charges and accrued income490/1€9k€4k▼
Equity and liabilities
Total equity and liabilities10/49€370k€105k▼
Equity10/15€-223k€-226k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-287k€-290k▼
Amounts payable17/49€593k€332k▼
Amounts payable after more than one year17€330k€111k▼
Other amounts payable178/9€330k€111k▼
Amounts payable within one year42/48€246k€221k▼
Trade debts44€6k€34k▲
Suppliers440/4€6k€34k▲
Advances received on contracts in progress46€58k-
Taxes, remuneration and social security45€181k€185k▲
Taxes450/3€23k€31k▲
Remuneration and social security454/9€158k€154k▼
Other amounts payable47/48€1k€2k▲
Accrued charges and deferred income492/3€17k-
Income statement
Code20242025
Remuneration, social security and pensions62€853k€908k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€11k€29k▲
Gross operating margin9900€876k€959k▲
Operating profit (loss)9901€5k€15k▲
Financial income75/76B€1k€55▼
Recurring financial income75€1k€55▼
Financial charges65/66B€1k€5k▲
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€5k€10k▲
Income taxes67/77€9k€13k▲
Profit (loss) for the period9904€-4k€-3k▲
Profit (loss) for the period to be appropriated9905€-4k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-287k€-290k▼
Profit (loss) brought forward from the previous period14P€-283k€-287k▼
Social balance
Average headcount (FTE)908715.315.7▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 62 days late
2024
31-12
Financial
Weakest financial yearnet €-4k ▼450%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 4.88
Current ratio from 1.66 to 4.88; short-term debt falls from €211k to €112k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 37 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 68 days late
2019
31-12
Financial
Highest result since 2018net €2k ▲257%
Net result €2k, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Vorst · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bondgenotenstraat 1261190 VorstGround area
461 m²
Building footprint
476 m²
Volume, LiDAR
2,290 m³
Parcel 21007A0069/00T067, Brussels · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bondgenotenstraat 126, 1190 Vorst
since 19962.039.335.126
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0069/00T067 | Brussels | 461 m² | 1 · 476 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 20,026 companies in sector 43320 we hold annual accounts for 9,136. 2,041 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-06-1988
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43320Joinery installation
45211
45422
43110Demolition
43222Installation of electric heating, air conditioning, cooling and ventilation
43331Floor and wall tiling
43343Specialised construction activities
45111
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.