Summary
ACIES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €212,532 and a net result of €71,848. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 44% of 3,040 sector peers (NACE 66, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
2025 annual accounts filed late (30 days) Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00455596.
Equity
€212,532▼ 17.0%
2024 · €256,036
Net result
€71,848▲ 24.0%
2024 · €57,935
Total assets
€489,740▲ 42.0%
2024 · €344,797
Solvency
43.4%▼ 30.9pp
2024 · 74.3%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 34% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€109,272
2025
Net result€71,848
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€489,740
2025
Equity€212,532
2025
Debt€277,208
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€99,364
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)14.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency43.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.61
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€9,756-€27,065€111,588▲ 312%€74,995▼ 32.8%€135,906▲ 81.2%€138,578▲ 2.0%€81,252▼ 41.4%€109,272▲ 34.5%
Net result-€10,565-€17,983€78,325above the sector's middle half▲ 336%€57,668within the sector's middle half▼ 26.4%€103,013above the sector's middle half▲ 78.6%€93,759above the sector's middle half▼ 9.0%€57,935within the sector's middle half▼ 38.2%€71,848within the sector's middle half▲ 24.0%
Equity-€4,315-€13,667€91,992within the sector's middle half▲ 573%€149,660within the sector's middle half▲ 62.7%€207,355within the sector's middle half▲ 38.6%€198,101within the sector's middle half▼ 4.5%€256,036within the sector's middle half▲ 29.2%€212,532within the sector's middle half▼ 17.0%
Total assets€30,021-€45,786▲ 52.5%€156,438within the sector's middle half▲ 242%€220,015within the sector's middle half▲ 40.6%€250,161within the sector's middle half▲ 13.7%€301,904within the sector's middle half▲ 20.7%€344,797within the sector's middle half▲ 14.2%€489,740within the sector's middle half▲ 42.0%
Debt€34,336-€32,119▼ 6.5%€64,445▲ 101%€70,355▲ 9.2%€42,806▼ 39.2%€103,802▲ 142%€88,761▼ 14.5%€277,208▲ 212%
Working capital-€5,315-€11,787€90,552within the sector's middle half▲ 668%€146,722within the sector's middle half▲ 62.0%€179,799above the sector's middle half▲ 22.5%€145,834within the sector's middle half▼ 18.9%€160,904within the sector's middle half▲ 10.3%-€99,364below the sector's middle half
Solvency-14.4%-29.9%▲ 44.2pp58.8%within the sector's middle half▲ 29.0pp68.0%within the sector's middle half▲ 9.2pp82.9%above the sector's middle half▲ 14.9pp65.6%within the sector's middle half▼ 17.3pp74.3%within the sector's middle half▲ 8.6pp43.4%within the sector's middle half▼ 30.9pp
Current ratio0.85-1.37▲ 0.522.41within the sector's middle half▲ 1.043.09within the sector's middle half▲ 0.685.20above the sector's middle half▲ 2.113.76within the sector's middle half▼ 1.444.20above the sector's middle half▲ 0.440.61below the sector's middle half▼ 3.59
Return on assets (ROA)-35.2%-39.3%▲ 74.5pp50.1%above the sector's middle half▲ 10.8pp26.2%above the sector's middle half▼ 23.9pp41.2%above the sector's middle half▲ 15.0pp31.1%above the sector's middle half▼ 10.1pp16.8%within the sector's middle half▼ 14.3pp14.7%within the sector's middle half▼ 2.1pp
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: 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.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €489,740
Fixed assets
€337,254 ▲ 153%
Current assets
€152,485 ▼ 27.8%
Equity and liabilities €489,740
Equity
€212,532 ▼ 17.0%
Debt
€277,208 ▲ 212%
Debt's share of the balance-sheet total rises from 25.7% to 56.6%. Equity is lower and debt is higher.
Key figures and ratios
ROE
33.8%▲
2024 · 22.6%
Debt ≤ 1 year
€251,849▲
2024 · €50,337
Debt > 1 year
€25,358▼
2024 · €38,424
Income taxes
€32,483▲
2024 · €16,835
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €440 | €440 | €446 | €381 | €5,913 | €15,074 | €15,255 | ▲ 1.2% |
| Other operating charges640/8 | - | - | - | €4,231 | €5,187 | €3,483 | €1,389 | €1,497 | ▲ 7.8% |
| Gross operating margin9900 | -€8,191 | €29,574 | €113,914 | €79,672 | €141,474 | €147,973 | €97,715 | €126,024 | ▲ 29.0% |
| Operating profit (loss)9901 | -€9,756 | €27,065 | €111,588 | €74,995 | €135,906 | €138,578 | €81,252 | €109,272 | ▲ 34.5% |
| Financial income75/76B | - | - | - | - | €1,781 | €862 | €4,103 | €3,547 | ▼ 13.6% |
| Recurring financial income75 | - | €0 | - | - | €1,781 | €862 | €4,103 | €3,547 | ▼ 13.6% |
| Financial charges65/66B | - | - | - | €1,238 | €3,362 | €6,294 | €10,585 | €8,488 | ▼ 19.8% |
| Recurring financial charges65 | €677 | €1,845 | €1,520 | €1,238 | €3,362 | €6,294 | €9,078 | €8,488 | ▼ 6.5% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €1,507 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€10,432 | €25,220 | €110,068 | €73,757 | €134,325 | €133,145 | €74,770 | €104,331 | ▲ 39.5% |
| Income taxes67/77 | €133 | €7,238 | €31,743 | €16,089 | €31,312 | €39,386 | €16,835 | €32,483 | ▲ 92.9% |
| Profit (loss) for the period9904 | -€10,565 | €17,983 | €78,325 | €57,668 | €103,013 | €93,759 | €57,935 | €71,848 | ▲ 24.0% |
| Profit (loss) for the period to be appropriated9905 | -€10,565 | €17,983 | €78,325 | €57,668 | €103,013 | €93,759 | €57,935 | €71,848 | ▲ 24.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €30,021 | €45,786 | €156,438 | €220,015 | €250,161 | €301,904 | €344,797 | €489,740 | ▲ 42.0% |
| Fixed assets21/28 | €1,000 | €1,881 | €1,440 | €2,938 | €27,557 | €103,244 | €133,556 | €337,254 | ▲ 153% |
| Tangible fixed assets22/27 | - | €881 | €440 | €1,938 | €1,557 | €99,844 | €120,976 | €105,348 | ▼ 12.9% |
| Furniture and vehicles24 | - | - | - | €1,138 | €757 | €17,103 | €14,677 | €9,754 | ▼ 33.5% |
| Other tangible fixed assets26 | - | - | - | €800 | €800 | €82,742 | €106,299 | €95,594 | ▼ 10.1% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €26,000 | €3,400 | €12,580 | €231,906 | ▲ 18× |
| Current assets29/58 | €29,021 | €43,905 | €154,997 | €217,078 | €222,604 | €198,660 | €211,241 | €152,485 | ▼ 27.8% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €45,000 | €50,000 | €50,000 | = |
| Other amounts receivable291 | - | - | - | - | - | €45,000 | €50,000 | €50,000 | = |
| Amounts receivable within one year40/41 | €15,559 | €12,422 | €11,248 | €74,538 | €62,348 | €137,763 | €136,170 | €61,637 | ▼ 54.7% |
| Trade receivables40 | - | - | - | €58,256 | €62,327 | €135,751 | €60,461 | €31,711 | ▼ 47.6% |
| Other amounts receivable41 | - | - | - | €16,281 | €22 | €2,012 | €75,709 | €29,926 | ▼ 60.5% |
| Current investments50/53 | - | - | - | - | €14,224 | €9,866 | €0 | - | - |
| Cash at bank and in hand54/58 | €13,157 | €31,178 | €143,445 | €141,739 | €119,342 | €4,282 | €23,128 | €38,841 | ▲ 67.9% |
| Deferred charges and accrued income490/1 | - | - | - | €801 | €26,690 | €1,748 | €1,943 | €2,007 | ▲ 3.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €30,021 | €45,786 | €156,438 | €220,015 | €250,161 | €301,904 | €344,797 | €489,740 | ▲ 42.0% |
| Equity10/15 | -€4,315 | €13,667 | €91,992 | €149,660 | €207,355 | €198,101 | €256,036 | €212,532 | ▼ 17.0% |
| Contributions10/11 | €6,250 | €6,250 | - | €6,250 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | €7,417 | €85,742 | €85,742 | €85,742 | €179,501 | €179,501 | €193,932 | ▲ 8.0% |
| Distributable reserves133 | - | - | - | €85,742 | €85,742 | €179,501 | €179,501 | €193,932 | ▲ 8.0% |
| Profit (loss) carried forward14 | -€10,565 | - | -€10,565 | €57,668 | €103,013 | €0 | €57,935 | €0 | ▼ 100% |
| Amounts payable17/49 | €34,336 | €32,119 | €64,445 | €70,355 | €42,806 | €103,802 | €88,761 | €277,208 | ▲ 212% |
| Amounts payable after more than one year17 | - | - | - | - | - | €50,977 | €38,424 | €25,358 | ▼ 34.0% |
| Financial debts170/4 | - | - | - | - | - | €50,977 | €38,424 | €25,358 | ▼ 34.0% |
| Amounts payable within one year42/48 | €34,336 | €32,119 | €64,445 | €70,355 | €42,806 | €52,825 | €50,337 | €251,849 | ▲ 400% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €12,060 | €12,553 | €196,649 | ▲ 16× |
| Financial debts43 | - | - | - | - | €5 | €8,896 | €8,930 | €6,359 | ▼ 28.8% |
| Credit institutions430/8 | - | - | - | - | €5 | €8,896 | €8,930 | €6,359 | ▼ 28.8% |
| Trade debts44 | €3,578 | €2,100 | €3,952 | €2,063 | €2,803 | €2,746 | €5,313 | €5,097 | ▼ 4.1% |
| Suppliers440/4 | - | - | - | €2,063 | €2,803 | €2,746 | €5,313 | €5,097 | ▼ 4.1% |
| Taxes, remuneration and social security45 | - | - | - | €38,585 | €15,457 | €23,953 | €23,540 | €43,745 | ▲ 85.8% |
| Taxes450/3 | - | - | - | €38,585 | €15,457 | €23,953 | €23,540 | €43,745 | ▲ 85.8% |
| Other amounts payable47/48 | - | - | - | €29,707 | €24,541 | €5,171 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,565 | €17,983 | €78,325 | €57,668 | €103,013 | €93,759 | €57,935 | €71,848 | ▲ 24.0% |
| + Depreciation and write-downs630 | - | €440 | €440 | €446 | €381 | €5,913 | €15,074 | €15,255 | ▲ 1.2% |
| Operating cash flow (approximation) | -€10,565 | €18,423 | €78,765 | €58,113 | €103,394 | €99,672 | €73,009 | €87,102 | ▲ 19.3% |
| Investment in fixed assets (approximation) | - | -€1,321 | €0 | -€1,943 | -€25,000 | -€81,601 | -€45,386 | -€218,953 | ▼ 382% |
| Change in cash | - | €18,021 | €112,267 | -€1,707 | -€22,396 | -€115,060 | €18,846 | €15,713 | ▼ 16.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-08-2026 | 2026-00455596 |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00435767 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00411908 |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00404607 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20343040 |
| 31-12-2020 | micro format | 28-06-2021 | 2021-29000567 |
| 31-12-2019 | micro format | 02-10-2020 | 2020-58400080 |
| 31-12-2018 | micro format | 13-08-2019 | 2019-46700529 |
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Of the 1,467 active companies whose main activity is other activities auxiliary to financial services, excluding insurance and pension funding (NACE 66199), figures are known for 930. 644 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.