ACERO
ActiveSummary
ACERO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €92,208. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-35
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
short-term debt: 0.6% and cash: 5.6% of total assets, and 0.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
99.4%
Return on assets
8.9%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
on the day
2023
36 d early
2022
53 d early
2021
48 d early
2020
33 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 26 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.0m▲ 9.9%
2024 · €934,997
Total assets
€1.0m▲ 9.0%
2024 · €948,031
Net result
€92,208▼ 53.8%
2024 · €199,714
Working capital
€1.0m▲ 9.9%
2024 · €934,946
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20212022202320242025
Operating result€201,002▼ 35.9%€221,162▲ 10.0%€241,024▲ 9.0%€279,521▲ 16.0%€51,306▼ 81.6%
Net result€126,389above the sector's middle half▼ 42.5%€73,281above the sector's middle half▼ 42.0%€168,930above the sector's middle half▲ 131%€199,714above the sector's middle half▲ 18.2%€92,208within the sector's middle half▼ 53.8%
Equity€1.0mabove the sector's middle half▲ 14.3%€868,098above the sector's middle half▼ 13.8%€757,696above the sector's middle half▼ 12.7%€934,997above the sector's middle half▲ 23.4%€1.0mabove the sector's middle half▲ 9.9%
Total assets€1.0mabove the sector's middle half▲ 14.8%€950,064above the sector's middle half▼ 8.0%€779,475above the sector's middle half▼ 18.0%€948,031within the sector's middle half▲ 21.6%€1.0mwithin the sector's middle half▲ 9.0%
Debt€24,709▲ 34.6%€81,966▲ 232%€21,779▼ 73.4%€13,034▼ 40.2%€6,049▼ 53.6%
Working capital€980,939above the sector's middle half▲ 15.7%€847,613above the sector's middle half▼ 13.6%€744,848above the sector's middle half▼ 12.1%€934,946above the sector's middle half▲ 25.5%€1.0mabove the sector's middle half▲ 9.9%
Solvency97.6%above the sector's middle half▼ 0.4pp91.4%above the sector's middle half▼ 6.2pp97.2%above the sector's middle half▲ 5.8pp98.6%above the sector's middle half▲ 1.4pp99.4%above the sector's middle half▲ 0.8pp
Current ratio40.70above the sector's middle half▼ 6.4911.34above the sector's middle half▼ 29.3635.20above the sector's middle half▲ 23.8672.91above the sector's middle half▲ 37.71
Return on assets (ROA)12.2%within the sector's middle half▼ 12.2pp7.7%within the sector's middle half▼ 4.5pp21.7%within the sector's middle half▲ 14.0pp21.1%above the sector's middle half▼ 0.6pp8.9%within the sector's middle half▼ 12.1pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 82% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.0m
Equity
€1.0m ▲ 9.9%
Debt
€6,049 ▼ 53.6%
Debt's share of the balance-sheet total falls from 1.4% to 0.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€51,389▼
2024 · €280,317
Cash flow
€92,291▼
2024 · €200,510
Debt to equity
0.01▼
2024 · 0.01
ROE
9.0%▼
2024 · 21.4%
Interest coverage
-3.85▼
2024 · 18.46
Debt ≤ 1 year
€6,049▼
2024 · €13,002
Income taxes
€31,819▼
2024 · €91,790
A ratio outside any meaningful range has been withheld (balance sheet total €1.0m, equity €1.0m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 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% | 1.9% |
| 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% 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 17,811 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,301 | €7,635 | - | €796 | €83 | ▼ 89.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €7,638 | - | - | - |
| Other operating charges640/8 | €756 | €693 | €785 | €7,506 | €367 | ▼ 95.1% |
| Gross operating margin9900 | €209,059 | €229,490 | €249,447 | €287,823 | €51,756 | ▼ 82.0% |
| Operating profit (loss)9901 | €201,002 | €221,162 | €241,024 | €279,521 | €51,306 | ▼ 81.6% |
| Financial income75/76B | €24,849 | €10,819 | €12,464 | €27,169 | €59,380 | ▲ 119% |
| Recurring financial income75 | €24,849 | €10,819 | €12,464 | €27,169 | €59,380 | ▲ 119% |
| Financial charges65/66B | €34,853 | €96,455 | €8,094 | €15,186 | -€13,340 | ▼ 188% |
| Recurring financial charges65 | €34,853 | €96,455 | €8,094 | €15,186 | -€13,340 | ▼ 188% |
| Profit (loss) for the period before taxes9903 | €190,998 | €135,527 | €245,395 | €291,503 | €124,027 | ▼ 57.5% |
| Income taxes67/77 | €64,610 | €62,247 | €76,465 | €91,790 | €31,819 | ▼ 65.3% |
| Profit (loss) for the period9904 | €126,389 | €73,281 | €168,930 | €199,714 | €92,208 | ▼ 53.8% |
| Profit (loss) for the period to be appropriated9905 | €126,389 | €73,281 | €168,930 | €199,714 | €92,208 | ▼ 53.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €950,064 | €779,475 | €948,031 | €1.0m | ▲ 9.0% |
| Fixed assets21/28 | €26,551 | €20,485 | €12,848 | €83 | €0 | ▼ 100% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €26,551 | €20,485 | €12,848 | €83 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €562 | €1,423 | €713 | €0 | - | - |
| Furniture and vehicles24 | €25,990 | €19,062 | €12,135 | €83 | €0 | ▼ 100% |
| Current assets29/58 | €1.0m | €929,578 | €766,627 | €947,948 | €1.0m | ▲ 9.0% |
| Amounts receivable within one year40/41 | €12,668 | €109,861 | €77 | €96,948 | €25,714 | ▼ 73.5% |
| Trade receivables40 | - | €93,288 | - | €96,948 | €882 | ▼ 99.1% |
| Other amounts receivable41 | €12,668 | €16,573 | €77 | €0 | €24,832 | - |
| Current investments50/53 | €266,539 | €155,076 | €705,168 | €825,597 | €942,808 | ▲ 14.2% |
| Cash at bank and in hand54/58 | €656,554 | €663,645 | €60,676 | €20,861 | €57,374 | ▲ 175% |
| Deferred charges and accrued income490/1 | €69,887 | €997 | €706 | €4,543 | €7,357 | ▲ 61.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €950,064 | €779,475 | €948,031 | €1.0m | ▲ 9.0% |
| Equity10/15 | €1.0m | €868,098 | €757,696 | €934,997 | €1.0m | ▲ 9.9% |
| Contributions10/11 | €67,869 | €67,869 | - | - | - | - |
| Reserves13 | €939,621 | €800,229 | €757,696 | €934,997 | €1.0m | ▲ 9.9% |
| Non-distributable reserves130/1 | €8,027 | €8,027 | - | - | - | - |
| Reserves not available under the articles1311 | €8,027 | €8,027 | - | - | - | - |
| Distributable reserves133 | €931,594 | €792,202 | €757,696 | €934,997 | €1.0m | ▲ 9.9% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €24,709 | €81,966 | €21,779 | €13,034 | €6,049 | ▼ 53.6% |
| Amounts payable within one year42/48 | €24,709 | €81,966 | €21,779 | €13,002 | €6,049 | ▼ 53.5% |
| Trade debts44 | €452 | €1,520 | €1,303 | €1,006 | €1,084 | ▲ 7.7% |
| Suppliers440/4 | €452 | €1,520 | €1,303 | €1,006 | €1,084 | ▲ 7.7% |
| Taxes, remuneration and social security45 | €24,258 | €8,446 | €20,476 | €7,760 | €4,965 | ▼ 36.0% |
| Taxes450/3 | €24,258 | €8,446 | €20,476 | €7,760 | €4,965 | ▼ 36.0% |
| Other amounts payable47/48 | - | €72,000 | - | €4,236 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €32 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €126,389 | €73,281 | €168,930 | €199,714 | €92,208 | ▼ 53.8% |
| + Depreciation and write-downs630 | €7,301 | €7,635 | - | €796 | €83 | ▼ 89.6% |
| Operating cash flow (approximation) | €133,690 | €80,916 | €168,930 | €200,510 | €92,291 | ▼ 54.0% |
| Investment in fixed assets (approximation) | - | -€1,569 | €7,638 | €11,969 | €0 | ▼ 100% |
| Change in cash | - | €7,090 | -€602,968 | -€39,816 | €36,513 | ▲ 192% |
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
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity doublescurrent ratio 170.82
Current ratio from 72.91 to 170.82; short-term debt falls from €13,002 to €6,049.
31-12
Financial
Equity above €1mEq €1.0m ▲9.9%
8 profitable years in a row build equity to €1.0m.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 72.91
Current ratio from 35.20 to 72.91; short-term debt falls from €21,779 to €13,002.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 35.20
Current ratio from 11.34 to 35.20; short-term debt falls from €81,966 to €21,779.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €1mEq €1.0m ▲14.3%
4 profitable years in a row build equity to €1.0m.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
08-01
State Gazette act
Board meeting · Director resignation
Permanent representative · Director appointment
Show earlier events
2020
31-12
Financial
Highest result since 2018net €219,758 ▲49.6%
Operating result €313,497, net result €219,758, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-11
State Gazette act
General meeting · Board meeting
Director resignation · Director discharge
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Oostkamp · 1 establishment unit since 2008
Ground area
1,887 m²
Building footprint
267 m²
Volume, LiDAR
1,269 m³
Parcel 31025B0644/00S000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ACERO
since 20082.170.796.751
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31025B0644/00S000 | Flanders | 1,887 m² | 1 · 267 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.
Structure & network
Connections & network
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This company
Company
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
9676005DX5Q1HIAQ1O19
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 3,377 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
Founded09-05-2008
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
69109Other legal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897833582
Registered
17-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.