Summary
ACER TWO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €1.03M and a net result of €9k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 46% of 6157 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
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 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
49 d early
2022
56 d early
2021
53 d early
2020
54 d early
2019
58 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.03M▲ 0.7%
2023 · €1.02M
2018: €828klowest in 7 years
2019: €868k▲ +4.9% vs 2018
2020: €920k▲ +5.9% vs 2019
2021: €974k▲ +5.9% vs 2020
2022: €1.00M▲ +2.9% vs 2021
2023: €1.02M▲ +1.8% vs 2022
2024: €1.03M▲ +0.7% vs 2023highest in 7 years
2018 → 2024
Net result
€9k▼ 53.4%
2023 · €20k
2018: €48k
2019: €42k▼ -11.7% vs 2018
2020: €53k▲ +26.2% vs 2019
2021: €56k▲ +4.3% vs 2020highest in 7 years
2022: €30k▼ -45.5% vs 2021
2023: €20k▼ -33.0% vs 2022
2024: €9k▼ -53.4% vs 2023lowest in 7 years
2018 → 2024
Total assets
€2.14M▼ 2.4%
2023 · €2.19M
2018: €2.18M
2019: €2.22M▲ +1.7% vs 2018highest in 7 years
2020: €2.12M▼ -4.3% vs 2019lowest in 7 years
2021: €2.13M▲ +0.3% vs 2020
2022: €2.13M▲ +0.2% vs 2021
2023: €2.19M▲ +2.7% vs 2022
2024: €2.14M▼ -2.4% vs 2023
2018 → 2024
Solvency
48.1%▲ 1.5pp
2023 · 46.6%
2018: 38.0%lowest in 7 years
2019: 39.2%▲ +3.2% vs 2018
2020: 43.3%▲ +10.7% vs 2019
2021: 45.7%▲ +5.5% vs 2020
2022: 47.0%▲ +2.7% vs 2021
2023: 46.6%▼ -0.8% vs 2022
2024: 48.1%▲ +3.3% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€920k-€974k▲ 5.9%€1.00M▲ 2.9%€1.02M▲ 1.8%€1.03M▲ 0.7%
2020: €920klowest in 5 years
2021: €974k▲ +5.9% vs 2020
2022: €1.00M▲ +2.9% vs 2021
2023: €1.02M▲ +1.8% vs 2022
2024: €1.03M▲ +0.7% vs 2023highest in 5 years
Operating result€100k-€103k▲ 3.4%€74k▼ 28.6%€73k▼ 1.6%€73k▲ 1.1%
2020: €100k
2021: €103k▲ +3.4% vs 2020highest in 5 years
2022: €74k▼ -28.6% vs 2021
2023: €73k▼ -1.6% vs 2022lowest in 5 years
2024: €73k▲ +1.1% vs 2023
Net result€53k-€56k▲ 4.3%€30k▼ 45.5%€20k▼ 33.0%€9k▼ 53.4%
2020: €53k
2021: €56k▲ +4.3% vs 2020highest in 5 years
2022: €30k▼ -45.5% vs 2021
2023: €20k▼ -33.0% vs 2022
2024: €9k▼ -53.4% vs 2023lowest in 5 years
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 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.14M
Fixed assets
€2.01M ▼ 0.8%
Current assets
€126k ▼ 22.3%
Equity and liabilities €2.14M
Equity
€1.03M ▲ 0.7%
Debt
€1.11M ▼ 5.2%
Debt's share of the balance-sheet total falls from 53.4% to 51.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.9%▼
2023 · 2.0%
ROA
0.4%▼
2023 · 0.9%
Debt ≤ 1 year
€904k▲
2023 · €836k
Debt > 1 year
€204k▼
2023 · €333k
Income taxes
€3k▼
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.19M€2.14M▼
Fixed assets21/28€2.03M€2.01M▼
Tangible fixed assets22/27€265k€248k▼
Land and buildings22€265k€248k▼
Financial fixed assets28€1.76M€1.76M=
Current assets29/58€162k€126k▼
Amounts receivable within one year40/41€10k€9k▼
Trade receivables40€9k€459▼
Other amounts receivable41€1k€9k▲
Cash at bank and in hand54/58€152k€117k▼
Deferred charges and accrued income490/1€180€180=
Equity and liabilities
Total equity and liabilities10/49€2.19M€2.14M▼
Equity10/15€1.02M€1.03M▲
Contributions10/11€180k€180k=
Capital10€180k€180k=
Issued capital100€180k€180k=
Reserves13€814k€824k▲
Non-distributable reserves130/1€18k€18k=
Legal reserve130€18k€18k=
Distributable reserves133€796k€806k▲
Investment grants15€27k€25k▼
Amounts payable17/49€1.17M€1.11M▼
Amounts payable after more than one year17€333k€204k▼
Financial debts170/4€333k€204k▼
Amounts payable within one year42/48€836k€904k▲
Current portion of amounts payable after more than one year42€28k€129k▲
Trade debts44€109€113▲
Suppliers440/4€109€113▲
Taxes, remuneration and social security45€14k€21k▲
Taxes450/3€14k€19k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€795k€754k▼
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k=
Other operating charges640/8€3k€3k▲
Gross operating margin9900€92k€93k▲
Operating profit (loss)9901€73k€73k▲
Financial income75/76B€2k€2k=
Recurring financial income75€2k€2k=
Financial charges65/66B€45k€63k▲
Recurring financial charges65€45k€63k▲
Profit (loss) for the period before taxes9903€29k€13k▼
Income taxes67/77€9k€3k▼
Profit (loss) for the period9904€20k€9k▼
Profit (loss) for the period to be appropriated9905€20k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€9k▼
Transfer to equity691/2€20k€9k▼
To other reserves6921€20k€9k▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €17k | €17k | €17k | €17k | = |
| Other operating charges640/8 | - | €2k | €2k | €3k | €3k | ▲ 3.0% |
| Gross operating margin9900 | €119k | €123k | €93k | €92k | €93k | ▲ 1.0% |
| Operating profit (loss)9901 | €100k | €103k | €74k | €73k | €73k | ▲ 1.1% |
| Financial income75/76B | - | €2k | €2k | €2k | €2k | = |
| Recurring financial income75 | €2k | €2k | €2k | €2k | €2k | = |
| Financial charges65/66B | - | €36k | €36k | €45k | €63k | ▲ 38.7% |
| Recurring financial charges65 | €36k | €36k | €36k | €45k | €63k | ▲ 38.7% |
| Profit (loss) for the period before taxes9903 | €66k | €69k | €40k | €29k | €13k | ▼ 57.0% |
| Income taxes67/77 | €13k | €13k | €10k | €9k | €3k | ▼ 65.2% |
| Profit (loss) for the period9904 | €53k | €56k | €30k | €20k | €9k | ▼ 53.4% |
| Profit (loss) for the period to be appropriated9905 | €53k | €56k | €30k | €20k | €9k | ▼ 53.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.12M | €2.13M | €2.13M | €2.19M | €2.14M | ▼ 2.4% |
| Fixed assets21/28 | €2.08M | €2.06M | €2.05M | €2.03M | €2.01M | ▼ 0.8% |
| Tangible fixed assets22/27 | €317k | €300k | €282k | €265k | €248k | ▼ 6.5% |
| Land and buildings22 | - | €300k | €282k | €265k | €248k | ▼ 6.5% |
| Financial fixed assets28 | €1.76M | €1.76M | €1.76M | €1.76M | €1.76M | = |
| Current assets29/58 | €42k | €66k | €87k | €162k | €126k | ▼ 22.3% |
| Amounts receivable within one year40/41 | €30k | €12k | €16k | €10k | €9k | ▼ 8.1% |
| Trade receivables40 | - | - | - | €9k | €459 | ▼ 94.9% |
| Other amounts receivable41 | - | €12k | €16k | €1k | €9k | ▲ 694% |
| Cash at bank and in hand54/58 | €12k | €55k | €72k | €152k | €117k | ▼ 23.3% |
| Deferred charges and accrued income490/1 | - | - | - | €180 | €180 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.12M | €2.13M | €2.13M | €2.19M | €2.14M | ▼ 2.4% |
| Equity10/15 | €920k | €974k | €1.00M | €1.02M | €1.03M | ▲ 0.7% |
| Contributions10/11 | €180k | €180k | €180k | €180k | €180k | = |
| Capital10 | - | €180k | €180k | €180k | €180k | = |
| Issued capital100 | - | €180k | €180k | €180k | €180k | = |
| Reserves13 | €708k | €763k | €794k | €814k | €824k | ▲ 1.2% |
| Non-distributable reserves130/1 | - | €18k | €18k | €18k | €18k | = |
| Legal reserve130 | - | €18k | €18k | €18k | €18k | = |
| Distributable reserves133 | - | €745k | €776k | €796k | €806k | ▲ 1.2% |
| Investment grants15 | - | €30k | €28k | €27k | €25k | ▼ 7.1% |
| Amounts payable17/49 | €1.20M | €1.16M | €1.13M | €1.17M | €1.11M | ▼ 5.2% |
| Amounts payable after more than one year17 | €395k | €258k | €231k | €333k | €204k | ▼ 38.6% |
| Financial debts170/4 | - | €258k | €231k | €333k | €204k | ▼ 38.6% |
| Amounts payable within one year42/48 | €806k | €895k | €899k | €836k | €904k | ▲ 8.1% |
| Current portion of amounts payable after more than one year42 | - | €137k | €127k | €28k | €129k | ▲ 359% |
| Financial debts43 | - | €13k | €13k | - | - | - |
| Credit institutions430/8 | - | €13k | €13k | - | - | - |
| Trade debts44 | €563 | €28 | €84 | €109 | €113 | ▲ 3.9% |
| Suppliers440/4 | - | €28 | €84 | €109 | €113 | ▲ 3.9% |
| Taxes, remuneration and social security45 | - | €11k | €11k | €14k | €21k | ▲ 55.1% |
| Taxes450/3 | - | €11k | €10k | €14k | €19k | ▲ 40.6% |
| Remuneration and social security454/9 | - | - | €1k | - | €2k | - |
| Other amounts payable47/48 | - | €735k | €748k | €795k | €754k | ▼ 5.1% |
| Accrued charges and deferred income492/3 | - | €2k | €2k | €1k | €1k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53k | €56k | €30k | €20k | €9k | ▼ 53.4% |
| + Depreciation and write-downs630 | €17k | €17k | €17k | €17k | €17k | = |
| Operating cash flow (approximation) | €71k | €73k | €48k | €38k | €27k | ▼ 28.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €43k | €17k | €80k | €-35k | ▼ 144% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €9k ▼53.4%
Net result drops to €9k, the lowest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1MEq €1.00M ▲2.9%
5 profitable years in a row build equity to €1.00M.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €56k ▲4.3%
Operating result €103k, net result €56k, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-06
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 3 acts read
About the unread acts
We know of 3 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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Directors · office · real estate
Directors
3 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, Heist-op-den-Berg · 1 establishment unit since 2008
Ground area
1,621 m²
Building footprint
143 m²
Volume, LiDAR
748 m³
Parcel 12014K0903/00V000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ACER TWO
since 20082.170.183.869
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K0903/00V000 | Flanders | 1,621 m² | 1 · 143 m² | 11.7 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 24,727 companies in sector 64210 we hold annual accounts for 19,768. 12,607 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.