ACS Construct
ActiveSummary
The computed 12-month bankruptcy probability of ACS Construct is 4.2% (elevated). The annual accounts of ACS Construct for fiscal year 2025 show a net loss of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €46k and a net result of €-60k. Equity is growing by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 22% of 7500 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-93
Solvency40▼-19
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.44 against 2.8 in 2024; short-term debt: 33.9% and cash: 0.3% of total assets), but 84.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
15.3%
Return on assets
-19.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 7500 sector peers (2025).
NBB · sector comparisonPosition among 7500 sector peers
Solvency
better than 22%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
41 d early
2023
30 d early
2022
11 d early
2021
2 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€46k▼ 56.5%
2024 · €105k
2021: €17klowest in 5 years
2022: €30k▲ +77.9% vs 2021
2023: €46k▲ +51.9% vs 2022
2024: €105k▲ +128% vs 2023highest in 5 years
2025: €46k▼ -56.5% vs 2024
2021 → 2025
Total assets
€299k▼ 3.3%
2024 · €309k
2021: €48klowest in 5 years
2022: €96k▲ +100% vs 2021
2023: €131k▲ +36.9% vs 2022
2024: €309k▲ +136% vs 2023highest in 5 years
2025: €299k▼ -3.3% vs 2024
2021 → 2025
Net result
€-60k
2024 · €59k
2021: €7k
2022: €13k▲ +87.3% vs 2021
2023: €16k▲ +18.5% vs 2022
2024: €59k▲ +274% vs 2023highest in 5 years
2025: €-60k▼ -201% vs 2024lowest in 5 years
2021 → 2025
Working capital
€145k▼ 11.0%
2024 · €163k
2021: €2klowest in 5 years
2022: €15k▲ +559% vs 2021
2023: €24k▲ +58.7% vs 2022
2024: €163k▲ +587% vs 2023highest in 5 years
2025: €145k▼ -11.0% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€30k▲ 77.9%€46k▲ 51.9%€105k▲ 128%€46k▼ 56.5%
2021: €17klowest in 5 years
2022: €30k▲ +77.9% vs 2021
2023: €46k▲ +51.9% vs 2022
2024: €105k▲ +128% vs 2023highest in 5 years
2025: €46k▼ -56.5% vs 2024
Operating result€8k-€17k▲ 116%€22k▲ 27.0%€82k▲ 271%€-55k
2021: €8k
2022: €17k▲ +116% vs 2021
2023: €22k▲ +27.0% vs 2022
2024: €82k▲ +271% vs 2023highest in 5 years
2025: €-55k▼ -168% vs 2024lowest in 5 years
Net result€7k-€13k▲ 87.3%€16k▲ 18.5%€59k▲ 274%€-60k
2021: €7k
2022: €13k▲ +87.3% vs 2021
2023: €16k▲ +18.5% vs 2022
2024: €59k▲ +274% vs 2023highest in 5 years
2025: €-60k▼ -201% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €55k after €82k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €299k
Fixed assets
€52k ▼ 5.2%
Current assets
€247k ▼ 2.8%
Equity and liabilities €299k
Equity
€46k ▼ 56.5%
Debt
€253k ▲ 24.3%
Debt's share of the balance-sheet total rises from 65.9% to 84.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-36k▼
2024 · €97k
Cash flow
€-40k▼
2024 · €74k
Current ratio
2.44▼
2024 · 2.80
Quick ratio
2.31▼
2024 · 2.80
Debt to equity
5.53▲
2024 · 1.93
ROE
-130.0%▼
2024 · 56.1%
ROA
-19.9%▼
2024 · 19.1%
Interest coverage
-11.09▼
2024 · 30.34
Debt ≤ 1 year
€101k▲
2024 · €91k
Debt > 1 year
€152k▲
2024 · €113k
Income taxes
€1k▼
2024 · €19k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€309k€299k▼
Fixed assets21/28€55k€52k▼
Tangible fixed assets22/27€54k€51k▼
Plant, machinery and equipment23€782€445▼
Furniture and vehicles24€54k€51k▼
Financial fixed assets28€1k€1k=
Current assets29/58€254k€247k▼
Amounts receivable after more than one year29-€161k
Other amounts receivable291-€161k
Stocks and contracts in progress3-€13k
Stocks30/36-€13k
Amounts receivable within one year40/41€236k€69k▼
Trade receivables40€90k€61k▼
Other amounts receivable41€145k€8k▼
Cash at bank and in hand54/58€15k€885▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€309k€299k▼
Equity10/15€105k€46k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€95k€36k▼
Amounts payable17/49€204k€253k▲
Amounts payable after more than one year17€113k€152k▲
Financial debts170/4€23k€23k▼
Other amounts payable178/9€90k€129k▲
Amounts payable within one year42/48€91k€101k▲
Current portion of amounts payable after more than one year42€7k€15k▲
Trade debts44€17k€44k▲
Suppliers440/4€17k€44k▲
Taxes, remuneration and social security45€59k€26k▼
Taxes450/3€39k€3k▼
Remuneration and social security454/9€20k€23k▲
Other amounts payable47/48€8k€16k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€19k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€98k€-34k▼
Operating profit (loss)9901€82k€-55k▼
Financial income75/76B€1€60▲
Recurring financial income75€1€60▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€78k€-58k▼
Income taxes67/77€19k€1k▼
Profit (loss) for the period9904€59k€-60k▼
Profit (loss) for the period to be appropriated9905€59k€-60k▼
Appropriation of the result
Profit (loss) to be appropriated9906€95k€36k▼
Profit (loss) brought forward from the previous period14P€36k€95k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €4k | €7k | €15k | €19k | ▲ 27.5% |
| Other operating charges640/8 | €817 | €656 | €549 | €2k | €1k | ▼ 6.6% |
| Gross operating margin9900 | €12k | €22k | €29k | €98k | €-34k | ▼ 135% |
| Operating profit (loss)9901 | €8k | €17k | €22k | €82k | €-55k | ▼ 168% |
| Financial income75/76B | €966 | €0 | €135 | €1 | €60 | ▲ 4,945% |
| Recurring financial income75 | €966 | €0 | €135 | €1 | €60 | ▲ 4,945% |
| Financial charges65/66B | €71 | €491 | €2k | €3k | €3k | ▲ 0.8% |
| Recurring financial charges65 | €71 | €491 | €2k | €3k | €3k | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | €9k | €17k | €20k | €78k | €-58k | ▼ 174% |
| Income taxes67/77 | €2k | €4k | €4k | €19k | €1k | ▼ 93.7% |
| Profit (loss) for the period9904 | €7k | €13k | €16k | €59k | €-60k | ▼ 201% |
| Profit (loss) for the period to be appropriated9905 | €7k | €13k | €16k | €59k | €-60k | ▼ 201% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48k | €96k | €131k | €309k | €299k | ▼ 3.3% |
| Fixed assets21/28 | €15k | €15k | €53k | €55k | €52k | ▼ 5.2% |
| Tangible fixed assets22/27 | €14k | €14k | €52k | €54k | €51k | ▼ 5.3% |
| Plant, machinery and equipment23 | - | €1k | €1k | €782 | €445 | ▼ 43.1% |
| Furniture and vehicles24 | €14k | €13k | €51k | €54k | €51k | ▼ 4.7% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €33k | €80k | €78k | €254k | €247k | ▼ 2.8% |
| Amounts receivable after more than one year29 | - | - | - | - | €161k | - |
| Other amounts receivable291 | - | - | - | - | €161k | - |
| Stocks and contracts in progress3 | - | €8k | €0 | - | €13k | - |
| Stocks30/36 | - | €8k | €0 | - | €13k | - |
| Amounts receivable within one year40/41 | €30k | €70k | €56k | €236k | €69k | ▼ 70.7% |
| Trade receivables40 | €19k | €67k | €48k | €90k | €61k | ▼ 32.5% |
| Other amounts receivable41 | €11k | €3k | €8k | €145k | €8k | ▼ 94.5% |
| Cash at bank and in hand54/58 | €1k | €2k | €18k | €15k | €885 | ▼ 93.9% |
| Deferred charges and accrued income490/1 | €2k | €581 | €4k | €4k | €3k | ▼ 21.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48k | €96k | €131k | €309k | €299k | ▼ 3.3% |
| Equity10/15 | €17k | €30k | €46k | €105k | €46k | ▼ 56.5% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €7k | €20k | €36k | €95k | €36k | ▼ 62.5% |
| Amounts payable17/49 | €31k | €65k | €85k | €204k | €253k | ▲ 24.3% |
| Amounts payable after more than one year17 | - | - | €30k | €113k | €152k | ▲ 34.2% |
| Financial debts170/4 | - | - | €30k | €23k | €23k | ▼ 1.6% |
| Other amounts payable178/9 | - | - | - | €90k | €129k | ▲ 43.4% |
| Amounts payable within one year42/48 | €31k | €65k | €54k | €91k | €101k | ▲ 11.9% |
| Current portion of amounts payable after more than one year42 | - | - | €7k | €7k | €15k | ▲ 107% |
| Trade debts44 | €13k | €36k | €22k | €17k | €44k | ▲ 165% |
| Suppliers440/4 | €13k | €36k | €22k | €17k | €44k | ▲ 165% |
| Taxes, remuneration and social security45 | €13k | €13k | €15k | €59k | €26k | ▼ 56.0% |
| Taxes450/3 | €2k | €6k | €5k | €39k | €3k | ▼ 92.9% |
| Remuneration and social security454/9 | €11k | €7k | €10k | €20k | €23k | ▲ 13.9% |
| Other amounts payable47/48 | €4k | €17k | €11k | €8k | €16k | ▲ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €13k | €16k | €59k | €-60k | ▼ 201% |
| + Depreciation and write-downs630 | €3k | €4k | €7k | €15k | €19k | ▲ 27.5% |
| Operating cash flow (approximation) | €10k | €17k | €22k | €74k | €-40k | ▼ 154% |
| Investment in fixed assets (approximation) | - | €-4k | €-44k | €-18k | €-17k | ▲ 6.3% |
| Change in cash | - | €629 | €16k | €-3k | €-14k | ▼ 323% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-60k
Net result drops to €-60k, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €59k ▲274%
Operating result €82k, net result €59k, both a record.
31-12
Financial
Equity above €100kEq €105k ▲128%
4 profitable years in a row build equity to €105k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB 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, Brussel · 1 establishment unit since 2020
Ground area
3,627 m²
Building footprint
2,163 m²
Volume, LiDAR
17,347 m³
Parcel 21821C0148/00P000, Brussels · tallest building 16.8 m, ±2 floors. Linked by address, not a title deed.
47
companies at this address
See who is registered here
1 establishment unit
ACS Construct
since 20202.311.611.552
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821C0148/00P000 | Brussels | 3,627 m² | 1 · 2,163 m² | 16.8 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 29,787 companies in sector 41001 we hold annual accounts for 16,036. 13,000 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
Founded28-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
64210Activities of holding companies
66300Activities auxiliary to financial services and insurance activities
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.