ACS Partners

Active

Public limited companyfounded 201213 yrs activeGrand'Route 550, 1428 Braine-l'Alleud, BelgiumKBO/BCE: BE 0501.763.479

ACS Partners has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €544k and a net result of €4k. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 57% of 2031 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Watch Print / PDF

Checked score

Score 2025

79 / 100

Excellent▼ -12 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability4▼-95

Solvency94▲+27

Growth52▼-26

Stability100

Bankruptcy probability, 12 months

1.3% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €45k at 30 days acceptable

Liquidity ample (current ratio 2.38 against 1.85 in 2023), but 52.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

47.8%

Return on assets

0.3%

Age of the figures

18 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-09-2025, 37 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

37 d early

2023

43 d early

2022

43 d early

2021

45 d early

2020

44 d early

2019

63 d early

2018

8 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€1.51M

EBIT margin

3.7%

Net result

€4k▼ 95.7%

2023 · €93k

2019: €31k 2020: €61k 2021: €284k 2022: €80k 2023: €93k

2019 → 2025

Working capital

€560k▼ 14.2%

2023 · €652k

2019: €110k 2020: €150k 2021: €364k 2022: €339k 2023: €652k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232025Trend

Equity€155k-€296k▲ 90.9%€376k▲ 26.9%€469k▲ 24.8%€544k▲ 16.1%

Operating result€93k-€393k▲ 324%€130k▼ 67.0%€151k▲ 16.8%€58k▼ 61.9%

Net result€61k-€284k▲ 363%€80k▼ 71.9%€93k▲ 16.9%€4k▼ 95.7%

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 62% below 2023 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2023 as the grey bar beneath

Assets €1.08M

11%

89.2%

Fixed assets €117k▼ 4.4%

Current assets €966k▼ 32.0%

Equity and liabilities €1.14M

47.8%

49.6%

Equity €544k▲ 16.1%

Provisions €30k

Debt €565k▼ 47.4%

The debt ratio falls from 69.6% to 49.6%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2023

EBITDA

€125k▼

2023 · €168k

Cash flow

€72k▼

2023 · €110k

Solvency

47.8%▲

2023 · 30.4%

Current ratio

2.38▲

2023 · 1.85

Quick ratio

2.20▲

2023 · 1.31

Debt / equity

1.04▼

2023 · 2.29

ROE

0.7%▼

2023 · 19.9%

ROA

0.3%▼

2023 · 6.0%

Interest coverage

3.11▼

2023 · 8.53

Debt

€565k▼

2023 · €1.07M

Debt ≤ 1 year

€406k▼

2023 · €768k

Debt > 1 year

€74k▼

2023 · €163k

Income taxes

€14k▼

2023 · €39k

Staff costs

€1.04M▲

2023 · €772k

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 2023

Balance sheet Code20232025

Assets

Total assets20/58€1.54M€1.14M▼

Formation expenses20-€57k

Fixed assets21/28€123k€117k▼

Intangible fixed assets21€783€15k▲

Tangible fixed assets22/27€104k€69k▼

Plant, machinery and equipment23€104k€68k▼

Furniture and vehicles24-€1k

Financial fixed assets28€18k€34k▲

Current assets29/58€1.42M€966k▼

Stocks and contracts in progress3€413k€72k▼

Stocks30/36€413k€72k▼

Amounts receivable within one year40/41€926k€668k▼

Trade receivables40€898k€667k▼

Other amounts receivable41€27k€228▼

Cash at bank and in hand54/58€14k€174k▲

Deferred charges and accrued income490/1€68k€52k▼

Equity and liabilities

Total equity and liabilities10/49€1.54M€1.14M▼

Equity10/15€469k€544k▲

Contributions10/11€62k€133k▲

Capital10€62k€133k▲

Issued capital100€62k€133k▲

Reserves13€6k€6k=

Non-distributable reserves130/1€6k€6k=

Legal reserve130€6k€6k=

Profit (loss) carried forward14€401k€405k▲

Provisions and deferred taxes16-€30k

Provisions for liabilities and charges160/5-€30k

Other liabilities and charges164/5-€30k

Amounts payable17/49€1.07M€565k▼

Amounts payable after more than one year17€163k€74k▼

Financial debts170/4€163k€74k▼

Amounts payable within one year42/48€768k€406k▼

Current portion of amounts payable after more than one year42€103k€58k▼

Trade debts44€598k€294k▼

Suppliers440/4€598k€294k▼

Taxes, remuneration and social security45€66k€54k▼

Taxes450/3€3k€39k▲

Remuneration and social security454/9€63k€15k▼

Accrued charges and deferred income492/3€143k€85k▼

Income statement Code20232025

Non-recurring operating income76A€15k€142k▲

Remuneration, social security and pensions62€772k€1.04M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€68k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€62k

Other operating charges640/8€7k€3k▼

Non-recurring operating charges66A€2k€19k▲

Gross operating margin9900€951k€1.25M▲

Operating profit (loss)9901€151k€58k▼

Financial income75/76B€15€406▲

Recurring financial income75€15€406▲

Financial charges65/66B€20k€40k▲

Recurring financial charges65€20k€40k▲

Profit (loss) for the period before taxes9903€132k€18k▼

Income taxes67/77€39k€14k▼

Profit (loss) for the period9904€93k€4k▼

Profit (loss) for the period to be appropriated9905€93k€4k▼

Appropriation of the result

Profit (loss) to be appropriated9906€401k€405k▲

Profit (loss) brought forward from the previous period14P€308k€401k▲

Social balance

Average headcount (FTE)90879.76.2▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

24-09

NBB filing Annual accounts filed

fiscal year 2025 · full schema

31-03

Financial Weakest financial yearnet €4k ▼95.7%

Net result drops to €4k, the lowest in the series.

31-03

Financial Equity above €500kEq €544k ▲16.1%

6 profitable years in a row build equity to €544k.

2023

19-12

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2022

19-12

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2021

17-12

NBB filing Annual accounts filed

fiscal year 2021 · full schema

30-06

Financial Highest result since 2019net €284k ▲363%

Operating result €393k, net result €284k, both a record.

30-06

Financial Equity above €200kEq €296k ▲90.9%

3 profitable years in a row build equity to €296k.

2020

18-12

NBB filing Annual accounts filed

fiscal year 2020 · full schema

30-06

Financial Equity above €150kEq €155k ▲65.2%

2 profitable years in a row build equity to €155k.

2019

29-11

NBB filing Annual accounts filed

fiscal year 2019 · full schema

23-01

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2017

11-12

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2016

13-12

NBB filing Annual accounts filed

fiscal year 2016 · full schema

04-01

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

12 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, Braine-l'Alleud · 3 establishment units since 2012

establishment All 3 establishment units on the map

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.

Grand'Route 5501428 Braine-l'Alleud

Ground area

2.1 ha

Building footprint

1,600 m²

Volume, LiDAR

7,089 m³

4 parcels, Brussels, Flanders, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.

3 establishment units

A.C.S.

Parc Industriel(W-B) 22, 1440 Braine-le-ChâteauManufacture of electrical equipment

since 20122.214.789.419

A.C.S.

Middelburgstraat 108-110, 1170 Watermaal-BosvoordeManufacture of electrical equipment

since 20222.339.096.996

A.C.S.

Singelketse 6, 1570 PajottegemManufacture of electrical equipment

since 20222.339.099.471

4 parcels

Flanders 1 (25%) Wallonia 2 (50%) Brussels 1 (25%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25054B0253/00R000	Wallonia	1.5 ha	-	-
25111A0686/00T000	Wallonia	4,245 m²	1 · 1,338 m²	7.0 m · 1 fl.
23087D0213/00B000	Flanders	2,039 m²	1 · 152 m²	8.6 m · 2 fl.
21652E0647/00F000	Brussels	217 m²	1 · 110 m²	9.0 m · 2 fl.