ACSE
ActiveSummary
ACSE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €135,907. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 88% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 8.12 against 8.03 in 2024; short-term debt: 9.8% and cash: 30.3% of total assets), and 9.8% 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
90.2%
Return on assets
11.4%
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
37 d early
2023
26 d early
2022
129 d early
2021
20 d early
2020
22 d early
2019
28 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 41 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.1m▼ 2.6%
2024 · €1.1m
Total assets
€1.2m▼ 2.2%
2024 · €1.2m
Net result
€135,907▼ 40.4%
2024 · €228,145
Working capital
€829,194▲ 5.4%
2024 · €787,017
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€192,032▼ 17.9%€269,627▲ 40.4%€257,098▼ 4.6%€333,683▲ 29.8%€173,807▼ 47.9%
Net result€133,988above the sector's middle half▼ 16.0%€181,823above the sector's middle half▲ 35.7%€175,924above the sector's middle half▼ 3.2%€228,145above the sector's middle half▲ 29.7%€135,907above the sector's middle half▼ 40.4%
Equity€708,842above the sector's middle half▲ 13.9%€890,665above the sector's middle half▲ 25.7%€958,588above the sector's middle half▲ 7.6%€1.1mabove the sector's middle half▲ 15.1%€1.1mabove the sector's middle half▼ 2.6%
Total assets€903,210above the sector's middle half▲ 28.5%€1.1mabove the sector's middle half▲ 21.8%€1.1mabove the sector's middle half▼ 2.0%€1.2mabove the sector's middle half▲ 13.0%€1.2mabove the sector's middle half▼ 2.2%
Debt€194,368▲ 142%€209,092▲ 7.6%€119,328▼ 42.9%€114,742▼ 3.8%€116,494▲ 1.5%
Working capital€371,425▲ 41.9%€503,530▲ 35.6%€582,355▲ 15.7%€787,017▲ 35.1%€829,194▲ 5.4%
Solvency78.5%above the sector's middle half▼ 10.1pp81.0%above the sector's middle half▲ 2.5pp88.9%above the sector's middle half▲ 7.9pp90.6%above the sector's middle half▲ 1.7pp90.2%above the sector's middle half▼ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€246,076 ▼ 23.0%
Current assets
€945,688 ▲ 5.2%
Equity and liabilities €1.2m
Equity
€1.1m ▼ 2.6%
Debt
€116,494 ▲ 1.5%
Debt's share of the balance-sheet total rises from 9.4% to 9.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€247,359▼
2024 · €412,990
Cash flow
€209,458▼
2024 · €307,452
Current ratio
8.12▲
2024 · 8.03
Debt to equity
0.11▲
2024 · 0.10
ROE
12.6%▼
2024 · 20.7%
ROA
11.4%▼
2024 · 18.7%
Interest coverage
63.85▼
2024 · 74.67
Debt ≤ 1 year
€116,494▲
2024 · €111,893
Income taxes
€58,406▼
2024 · €112,914
Staff costs
€321▼
2024 · €2,450
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% 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
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 17,792 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,030 | €1,363 | €2,686 | €2,450 | €321 | ▼ 86.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,256 | €64,422 | €72,066 | €79,307 | €73,552 | ▼ 7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €180 | - | - | €500 | - |
| Other operating charges640/8 | €1,360 | €2,940 | €3,831 | €3,734 | €5,331 | ▲ 42.8% |
| Gross operating margin9900 | €247,678 | €338,531 | €335,682 | €419,174 | €253,510 | ▼ 39.5% |
| Operating profit (loss)9901 | €192,032 | €269,627 | €257,098 | €333,683 | €173,807 | ▼ 47.9% |
| Financial income75/76B | €4,579 | €2,825 | €5,107 | €12,906 | €24,379 | ▲ 88.9% |
| Recurring financial income75 | €4,579 | €2,825 | €5,107 | €12,906 | €24,379 | ▲ 88.9% |
| Financial charges65/66B | €1,907 | €3,906 | €5,293 | €5,531 | €3,874 | ▼ 30.0% |
| Recurring financial charges65 | €1,907 | €3,906 | €5,293 | €5,531 | €3,874 | ▼ 30.0% |
| Profit (loss) for the period before taxes9903 | €194,704 | €268,546 | €256,912 | €341,059 | €194,312 | ▼ 43.0% |
| Income taxes67/77 | €60,716 | €86,723 | €80,988 | €112,914 | €58,406 | ▼ 48.3% |
| Profit (loss) for the period9904 | €133,988 | €181,823 | €175,924 | €228,145 | €135,907 | ▼ 40.4% |
| Profit (loss) for the period to be appropriated9905 | €133,988 | €181,823 | €175,924 | €228,145 | €135,907 | ▼ 40.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €903,210 | €1.1m | €1.1m | €1.2m | €1.2m | ▼ 2.2% |
| Fixed assets21/28 | €439,446 | €400,336 | €376,234 | €319,566 | €246,076 | ▼ 23.0% |
| Tangible fixed assets22/27 | €439,446 | €400,336 | €376,234 | €319,566 | €246,014 | ▼ 23.0% |
| Land and buildings22 | €309,465 | - | €45,520 | €40,448 | €35,376 | ▼ 12.5% |
| Plant, machinery and equipment23 | - | €18,470 | €30,777 | €40,897 | €29,956 | ▼ 26.8% |
| Furniture and vehicles24 | €108,981 | €86,829 | €61,212 | €34,581 | €9,371 | ▼ 72.9% |
| Leasing and similar rights25 | - | €274,037 | €238,725 | €203,640 | €171,312 | ▼ 15.9% |
| Other tangible fixed assets26 | €21,000 | €21,000 | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | €62 | - |
| Current assets29/58 | €463,763 | €699,420 | €701,683 | €898,910 | €945,688 | ▲ 5.2% |
| Amounts receivable within one year40/41 | €36,392 | €118,389 | €86,955 | €61,858 | €88,349 | ▲ 42.8% |
| Trade receivables40 | €26,657 | €94,376 | €68,493 | €56,144 | €84,598 | ▲ 50.7% |
| Other amounts receivable41 | €9,735 | €24,012 | €18,463 | €5,714 | €3,750 | ▼ 34.4% |
| Current investments50/53 | €144,587 | €148,631 | €248,703 | €444,925 | €487,445 | ▲ 9.6% |
| Cash at bank and in hand54/58 | €281,003 | €430,703 | €361,155 | €383,173 | €361,266 | ▼ 5.7% |
| Deferred charges and accrued income490/1 | €1,781 | €1,697 | €4,869 | €8,954 | €8,629 | ▼ 3.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €903,210 | €1.1m | €1.1m | €1.2m | €1.2m | ▼ 2.2% |
| Equity10/15 | €708,842 | €890,665 | €958,588 | €1.1m | €1.1m | ▼ 2.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Share premium1100/10 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €690,242 | €872,065 | €939,988 | €1.1m | €1.1m | ▼ 2.6% |
| Non-distributable reserves130/1 | €588,048 | €769,866 | €837,321 | €981,594 | €1,860 | ▼ 99.8% |
| Reserves not available under the articles1311 | €588,048 | €769,866 | €837,321 | €981,594 | €1,860 | ▼ 99.8% |
| Distributable reserves133 | €102,193 | €102,198 | €102,668 | €103,540 | €1.1m | ▲ 919% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €194,368 | €209,092 | €119,328 | €114,742 | €116,494 | ▲ 1.5% |
| Amounts payable after more than one year17 | €91,577 | €13,164 | - | - | - | - |
| Financial debts170/4 | €91,577 | €13,164 | - | - | - | - |
| Amounts payable within one year42/48 | €92,338 | €195,890 | €119,328 | €111,893 | €116,494 | ▲ 4.1% |
| Current portion of amounts payable after more than one year42 | €17,458 | €77,319 | €51,308 | €20,306 | €28,480 | ▲ 40.3% |
| Trade debts44 | €11,403 | €52,477 | €17,136 | €18,153 | €7,095 | ▼ 60.9% |
| Suppliers440/4 | €11,403 | €52,477 | €17,136 | €18,153 | €7,095 | ▼ 60.9% |
| Taxes, remuneration and social security45 | €48,599 | €50,241 | €41,429 | €63,980 | €44,493 | ▼ 30.5% |
| Taxes450/3 | €48,599 | €50,241 | €41,429 | €63,980 | €44,493 | ▼ 30.5% |
| Other amounts payable47/48 | €14,878 | €15,854 | €9,454 | €9,454 | €36,425 | ▲ 285% |
| Accrued charges and deferred income492/3 | €10,453 | €38 | - | €2,849 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €133,988 | €181,823 | €175,924 | €228,145 | €135,907 | ▼ 40.4% |
| + Depreciation and write-downs630 | €53,256 | €64,422 | €72,066 | €79,307 | €73,552 | ▼ 7.3% |
| Operating cash flow (approximation) | €187,244 | €246,245 | €247,990 | €307,452 | €209,458 | ▼ 31.9% |
| Investment in fixed assets (approximation) | - | -€25,312 | -€47,964 | -€22,639 | -€62 | ▲ 99.7% |
| Change in cash | - | €149,700 | -€69,548 | €22,018 | -€21,907 | ▼ 199% |
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
07-08
State Gazette act
General meeting · Board meeting
Director appointment · Permanent representative
24-07
State Gazette act
Auditor reappointment · Permanent representative
Director appointment · Representation rule
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-11
State Gazette act
General meeting · Capital increase
Share issue · Capital · Yorik DESMYTTERE
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
02-04
State Gazette act
General meeting · Director appointment
Permanent representative
02-04
State Gazette act
General meeting · Director appointment
Permanent representative
28-03
State Gazette act
General meeting · Director appointment
Permanent representative
2024
31-12
Financial
Highest result since 2018net €228,145 ▲29.7%
Operating result €333,683, net result €228,145, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲15.1%
7 profitable years in a row build equity to €1.1m.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Show earlier events
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 4.86
Current ratio from 1.35 to 4.86; short-term debt falls from €209,332 to €67,787.
31-12
Financial
Equity above €500,000Eq €622,453 ▲34.4%
3 profitable years in a row build equity to €622,453.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2016
30-12
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 5 acts read
About the unread acts
We know of 5 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
5 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, Oosterzele · 1 establishment unit since 2007
Ground area
1,800 m²
Building footprint
135 m²
Volume, LiDAR
1,037 m³
Parcel 44052A0858/00G000, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ACSE
since 20072.163.612.318
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44052A0858/00G000 | Flanders | 1,800 m² | 1 · 135 m² | 10.3 m · 3 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
The group is listed under Ownership & control below; here you explore it as a network.
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Company
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Shareholding
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Ownership & control
4 board mandatesBoard mandates of this companythis company sits on their board4
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 27,066 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
Founded24-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889621246
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.