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ACTA

Active
Non-profit associationfounded 1991active for 35 yearsRuiterijschool 9, 2930 Brasschaat, BelgiumKBO/BCE: BE 0445.281.270

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 02-04-2026 PDF all 20 filings

Turnover
€2.8m
EBIT margin
1.6%
Net result
€153,122▼ 56.9%
2024 · €355,098
Working capital
€3.2m▲ 11.0%
2024 · €2.9m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 45% lower than in 2024. It is the second fall in a row.

Operating result€0.2m 2025 Net result€0.2m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Education (NACE 85). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€2.8m-
Operating result€0.04m-€0.4m▲ 694%-€0.6m-€0.3m▲ 52.6%-€0.4m▼ 51.0%€0.4m€0.3m▼ 19.3%€0.2m▼ 44.6%
Net result€0.3m-€0.6m▲ 95.9%-€0.3mbelow the sector's middle half€0.04mwithin the sector's middle half-€0.1mbelow the sector's middle half€0.4mabove the sector's middle half€0.4mabove the sector's middle half▼ 17.5%€0.2mabove the sector's middle half▼ 56.9%
EBIT margin1.6%-
Equity€9.1m-€9.5m▲ 4.6%€9.1mabove the sector's middle half▼ 4.9%€8.8mabove the sector's middle half▼ 2.3%€8.5mabove the sector's middle half▼ 3.5%€8.8mabove the sector's middle half▲ 2.7%€8.9mabove the sector's middle half▲ 1.5%€8.8mabove the sector's middle half▼ 0.6%
Total assets€9.6m-€10.0m▲ 3.8%€9.7mabove the sector's middle half▼ 3.1%€9.4mabove the sector's middle half▼ 2.5%€9.2mabove the sector's middle half▼ 2.4%€9.3mabove the sector's middle half▲ 1.4%€9.5mabove the sector's middle half▲ 1.8%€9.5mabove the sector's middle half▼ 0.1%
Debt€0.5m-€0.4m▼ 9.9%€0.6m▲ 36.0%€0.6m▼ 5.8%€0.7m▲ 15.0%€0.6m▼ 13.8%€0.6m▲ 7.9%€0.7m▲ 8.0%
Working capital€1.7m-€2.3m▲ 39.5%€2.1mabove the sector's middle half▼ 7.8%€2.2mabove the sector's middle half▲ 2.1%€2.1mabove the sector's middle half▼ 4.2%€2.5mabove the sector's middle half▲ 17.4%€2.9mabove the sector's middle half▲ 17.7%€3.2mabove the sector's middle half▲ 11.0%
Solvency94.5%-95.3%▲ 0.7pp93.5%above the sector's middle half▼ 1.8pp93.8%above the sector's middle half▲ 0.3pp92.8%above the sector's middle half▼ 1.0pp93.9%above the sector's middle half▲ 1.1pp93.5%above the sector's middle half▼ 0.4pp93.0%above the sector's middle half▼ 0.5pp
Current ratio4.60-6.23▲ 1.625.24within the sector's middle half▼ 0.995.47within the sector's middle half▲ 0.234.67within the sector's middle half▼ 0.805.81within the sector's middle half▲ 1.146.28within the sector's middle half▲ 0.477.20above the sector's middle half▲ 0.92
Return on assets (ROA)3.4%-6.4%▲ 3.0pp-2.8%below the sector's middle half▼ 9.2pp0.4%within the sector's middle half▲ 3.2pp-1.3%below the sector's middle half▼ 1.7pp4.6%within the sector's middle half▲ 5.9pp3.7%within the sector's middle half▼ 0.9pp1.6%within the sector's middle half▼ 2.1pp
Staff (FTE)21.5-21.2▼ 1.4%22above the sector's middle half▲ 3.8%24above the sector's middle half▲ 9.1%26.4above the sector's middle half▲ 10.0%27.5above the sector's middle half▲ 4.2%24.9above the sector's middle half▼ 9.5%23.3above the sector's middle half▼ 6.4%
above within below The sector band is the middle half of the companies in Education (NACE 85). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.5m
Fixed assets €5.8m ▼ 4.9%
Current assets €3.7m ▲ 8.4%
Equity and liabilities €9.5m
Equity €8.8m ▼ 0.6%
Debt €662,455 ▲ 8.0%
Debt's share of the balance-sheet total rises from 6.5% to 7.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€653,618▼
2024 · €793,095
Cash flow
€627,514▼
2024 · €824,879
Debt to equity
0.07▲
2024 · 0.07
ROE
1.7%▼
2024 · 4.0%
Interest coverage
22.65▲
2024 · -61.79
Debt ≤ 1 year
€519,967▼
2024 · €550,178
Income taxes
€1,178▼
2024 · €7,939
Staff costs
€2.6m▼
2024 · €2.7m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as ACTA: vocational training (NACE 85592). They are comparable in size and age: total assets between €4.8m and €11m, founded between 1985 and 2003.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
ACTA Brasschaat1991€9.5m€8.8m€3.3m-€0.2m23.32025
TECHNOCITE Boussu2001€8.2m€4.5m€3.0m€0.1m€0.09m28.42025
SIRA-Opleiding Brasschaat1991€5.1m€3.7m€2.3m-€0.8m27.62025
AutoFORM Liège2003€8.2m€4.2m€2.2m€1.4m€0.2m23.72025
TECHNOFUTUR TIC Charleroi1998€10.6m€4.8m€3.2m-€0.008m382025
SYNTRA BRUSSEL Brussel2003€8.2m€6.6m€3.9m-€1.4m31.72025
Gespecialiseerde opleidings-, begeleidings- en bemiddelingsdienst Aarschot1985€4.8m€3.6m€3.3m€0.03m€0.3m35.62025

They were chosen from the 989 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 14,766 companies had the same profile as ACTA has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96.2% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of ACTA itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 14,766 companies, not a prediction for ACTA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Subsidies and aid

Flemish government

2023 to 2025 · 7 entries · €198,273 awarded · €134,673 paid
Year Entries AwardedPaid
2025 3 €62,050€69,470
2024 1 €12,619€12,619
2023 3 €123,604€52,584
Schemes
3 entries · €159,000 · €95,400 paid · Departement Werk en Sociale Economie
3 entries · €36,610 · €36,610 paid · Departement Werk en Sociale Economie
1 entry · €2,663 · €2,663 paid · Departement Werk en Sociale Economie

European research

1 project
Programmes
1 entry
Projects
Chemical Engineering Immersive Learning
Horizon 2020 · partner · 01-11-2018 to 31-10-2022 · CHARMING

Public contracts

2 awards · 2024 to 2025
Opdracht voor het geven van opleidingsmodules Praktijkdagen Procestechnieken voor Anderstaligen in Antwerpen: 2025_21004_Praktijkdagen Procestechnieken Anderstaligen - 1
buyer: Vlaamse Dienst voor Arbeidsbemiddeling en Beroepsopleiding - Extern Verzelfstandigd AgentschapEducation and training servicesawarded 27-06-2025€231,9611 tenderTED 446476-2025
Opdracht voor het geven van opleidingsmodules in Antwerpen - Procestechnieken: 2024_20995 - Procestechnieken - 1
buyer: Vlaamse Dienst voor Arbeidsbemiddeling en Beroepsopleiding - Extern Verzelfstandigd AgentschapEducation and training servicesawarded 24-12-2024€372,0961 tenderTED 29058-2025

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines

Source: Annual accounts 2025 (PDF), filed on 02-04-2026.

Balance sheet Code20242025
Assets
Total assets20/58€9.5m€9.5m▼
Fixed assets21/28€6.1m€5.8m▼
Tangible fixed assets22/27€6.1m€5.8m▼
Land and buildings22€4.2m€4.0m▼
Plant, machinery and equipment23€1.8m€1.7m▼
Furniture and vehicles24€0.05m€0.05m▼
Financial fixed assets28€0.001m€0.001m=
Current assets29/58€3.5m€3.7m▲
Amounts receivable within one year40/41€1.1m€1.0m▼
Trade receivables40€1.1m€1.0m▼
Current investments50/53€0.3m€1.2m▲
Cash at bank and in hand54/58€2.0m€1.4m▼
Deferred charges and accrued income490/1€0.1m€0.1m▼
Equity and liabilities
Total equity and liabilities10/49€9.5m€9.5m▼
Equity10/15€8.9m€8.8m▼
Reserves13€0.4m€0.4m=
Profit (loss) carried forward14€3.4m€3.6m▲
Investment grants15€5.1m€4.9m▼
Amounts payable17/49€0.6m€0.7m▲
Amounts payable within one year42/48€0.6m€0.5m▼
Financial debts43€415€0.004m▲
Credit institutions430/8€415€0.004m▲
Trade debts44€0.1m€0.08m▼
Suppliers440/4€0.1m€0.08m▼
Taxes, remuneration and social security45€0.4m€0.4m▲
Taxes450/3€0.1m€0.1m▲
Remuneration and social security454/9€0.3m€0.3m▲
Accrued charges and deferred income492/3€0.06m€0.1m▲
Income statement Code20242025
Remuneration, social security and pensions62€2.7m€2.6m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.5m€0.5m▲
Other operating charges640/8€0.03m€0.02m▼
Non-recurring operating charges66A€0€0.05m▲
Gross operating margin9900€3.5m€3.3m▼
Operating profit (loss)9901€0.3m€0.2m▼
Financial income75/76B€0.03m€0.004m▼
Recurring financial income75€0.03m€0.004m▼
Financial charges65/66B-€0.01m€0.03m▲
Recurring financial charges65-€0.01m€0.03m▲
Profit (loss) for the period before taxes9903€0.4m€0.2m▼
Income taxes67/77€0.008m€0.001m▼
Profit (loss) for the period9904€0.4m€0.2m▼
Profit (loss) for the period to be appropriated9905€0.4m€0.2m▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.4m€3.6m▲
Profit (loss) brought forward from the previous period14P€3.1m€3.4m▲
Social balance sheet
Average headcount (FTE)908724.923.3▼

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20182019202020212022202320242025Change
Turnover70€2.8m--------
Non-recurring operating income76A---€0.02m€0----
Remuneration, social security and pensions62---€2.0m€2.4m€2.6m€2.7m€2.6m▼ 2.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.4m€0.4m€0.4m€0.4m€0.5m€0.5m€0.5m▲ 1.0%
Other operating charges640/8---€0.04m€0.04m€0.05m€0.03m€0.02m▼ 51.8%
Non-recurring operating charges66A-----€0.001m€0€0.05m-
Gross operating margin9900€2.1m€2.4m€1.5m€2.2m€2.5m€3.5m€3.5m€3.3m▼ 5.4%
Operating profit (loss)9901€0.04m€0.4m-€0.6m-€0.3m-€0.4m€0.4m€0.3m€0.2m▼ 44.6%
Financial income75/76B---€0.3m€0.3m€0.02m€0.03m€0.004m▼ 85.4%
Recurring financial income75€0.3m€0.3m€0.3m€0.3m€0.3m€0.02m€0.03m€0.004m▼ 85.4%
Financial charges65/66B----€399€0.05m-€0.01m-€0.01m€0.03m-
Recurring financial charges65€0.02m€0.004m€0.02m-€399€0.05m-€0.01m-€0.01m€0.03m-
Profit (loss) for the period before taxes9903€0.3m€0.6m-€0.3m€0.04m-€0.1m€0.4m€0.4m€0.2m▼ 57.5%
Income taxes67/77-----€0.006m€0.008m€0.001m▼ 85.2%
Profit (loss) for the period9904€0.3m€0.6m-€0.3m€0.04m-€0.1m€0.4m€0.4m€0.2m▼ 56.9%
Profit (loss) for the period to be appropriated9905€0.3m€0.6m-€0.3m€0.04m-€0.1m€0.4m€0.4m€0.2m▼ 56.9%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€9.6m€10.0m€9.7m€9.4m€9.2m€9.3m€9.5m€9.5m▼ 0.1%
Fixed assets21/28€7.5m€7.2m€7.0m€6.7m€6.5m€6.4m€6.1m€5.8m▼ 4.9%
Tangible fixed assets22/27€7.5m€7.2m€7.0m€6.7m€6.5m€6.4m€6.1m€5.8m▼ 4.9%
Land and buildings22---€4.8m€4.6m€4.4m€4.2m€4.0m▼ 4.5%
Plant, machinery and equipment23---€1.9m€1.8m€1.9m€1.8m€1.7m▼ 5.7%
Furniture and vehicles24---€0.02m€0.07m€0.06m€0.05m€0.05m▼ 13.0%
Financial fixed assets28€0.001m€0.002m€0.001m€0.002m€0.001m€0.002m€0.001m€0.001m=
Current assets29/58€2.1m€2.8m€2.7m€2.7m€2.7m€3.0m€3.5m€3.7m▲ 8.4%
Amounts receivable within one year40/41€0.4m€0.8m€0.7m€0.7m€0.9m€1.0m€1.1m€1.0m▼ 4.1%
Trade receivables40---€0.7m€0.9m€1.0m€1.1m€1.0m▼ 4.1%
Other amounts receivable41---€0.002m€0----
Current investments50/53€0.3m€0.3m€0.3m€0.3m€0.2m€1.2m€0.3m€1.2m▲ 367%
Cash at bank and in hand54/58€1.4m€1.7m€1.6m€1.6m€1.4m€0.7m€2.0m€1.4m▼ 31.0%
Deferred charges and accrued income490/1---€0.05m€0.1m€0.08m€0.1m€0.1m▼ 16.5%
Equity and liabilities
Total equity and liabilities10/49€9.6m€10.0m€9.7m€9.4m€9.2m€9.3m€9.5m€9.5m▼ 0.1%
Equity10/15€9.1m€9.5m€9.1m€8.8m€8.5m€8.8m€8.9m€8.8m▼ 0.6%
Reserves13---€0.4m€0.4m€0.4m€0.4m€0.4m=
Profit (loss) carried forward14€2.3m€3.0m€2.7m€2.8m€2.6m€3.1m€3.4m€3.6m▲ 4.5%
Investment grants15---€5.7m€5.5m€5.3m€5.1m€4.9m▼ 4.1%
Provisions and deferred taxes16€0.03m€0.02m€0.02m€0.01m€0.005m€0---
Provisions for liabilities and charges160/5---€0.01m€0.005m€0---
Major repairs and maintenance162---€0.01m€0.005m€0---
Amounts payable17/49€0.5m€0.4m€0.6m€0.6m€0.7m€0.6m€0.6m€0.7m▲ 8.0%
Amounts payable within one year42/48€0.5m€0.4m€0.5m€0.5m€0.6m€0.5m€0.6m€0.5m▼ 5.5%
Financial debts43------€415€0.004m▲ 880%
Credit institutions430/8------€415€0.004m▲ 880%
Trade debts44€0.2m€0.1m€0.2m€0.1m€0.1m€0.03m€0.1m€0.08m▼ 36.0%
Suppliers440/4---€0.1m€0.1m€0.03m€0.1m€0.08m▼ 36.0%
Taxes, remuneration and social security45---€0.4m€0.5m€0.5m€0.4m€0.4m▲ 2.7%
Taxes450/3---€0.1m€0.1m€0.1m€0.1m€0.1m▲ 7.0%
Remuneration and social security454/9---€0.3m€0.3m€0.3m€0.3m€0.3m▲ 1.4%
Accrued charges and deferred income492/3---€0.08m€0.09m€0.06m€0.06m€0.1m▲ 125%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.3m€0.6m-€0.3m€0.04m-€0.1m€0.4m€0.4m€0.2m▼ 56.9%
+ Depreciation and write-downs630€0.4m€0.4m€0.4m€0.4m€0.4m€0.5m€0.5m€0.5m▲ 1.0%
Operating cash flow (approximation)€0.7m€1.0m€0.1m€0.5m€0.3m€0.9m€0.8m€0.6m▼ 23.9%
Investment in fixed assets (approximation)--€0.1m-€0.2m-€0.1m-€0.2m-€0.3m-€0.2m-€0.2m▼ 5.1%
Change in cash-€0.3m-€0.08m€0.02m-€0.2m-€0.7m€1.3m-€0.6m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 20 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 02-04-2026 2026-00071094 PDF
31-12-2024 abbreviated format 09-05-2025 2025-00093594 PDF
31-12-2023 abbreviated format 21-05-2024 2024-00093214 PDF
31-12-2022 abbreviated format 23-05-2023 2023-00094676 PDF
31-12-2021 abbreviated format 21-04-2022 2022-20005697 PDF
31-12-2020 abbreviated format 08-06-2021 2021-18100249 PDF
31-12-2019 abbreviated format 10-06-2020 2020-15800243 PDF
31-12-2018 abbreviated format 06-09-2019 2019-63500146 PDF
31-12-2017 abbreviated format 17-04-2018 2018-10200133 PDF
31-12-2016 abbreviated format 10-04-2017 2017-09100103 PDF

Show all 20 filings

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