ACTUAL CASE SOLUTION
ActiveSummary
ACTUAL CASE SOLUTION has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,619 and a net result of -€11,959. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2025
Profitability8▼-87
Solvency36▼-64
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.05; short-term debt: 56.8% and cash: 0.2% of total assets), and 88.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
11.2%
Return on assets
-8.6%
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 16% of 17179 sector peers (2025).
NBB · sector comparisonPosition among 17179 sector peers
Solvency
better than 16%
← 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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2025
118 d early
2024
18 d early
2023
17 d early
2022
51 d early
2021
18 d early
2020
10 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 36 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
In the rankings
#3 oldest company in Koekelberg, Telecoms and IT sector
Equity
€15,619▼ 43.4%
2025 · €27,579
Total assets
€138,910▲ 304%
2025 · €34,382
Net result
-€11,959
2025 · €7,339
Working capital
€3,847▼ 83.2%
2025 · €22,967
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Line20222023202420252025
Operating result-€45,784-€17,535▲ 61.7%€32,243€7,863▼ 75.6%-€10,926-
Net result-€45,884below the sector's middle half-€17,649below the sector's middle half▲ 61.5%€32,124within the sector's middle half€7,339within the sector's middle half▼ 77.2%-€11,959below the sector's middle half-
Equity€5,764below the sector's middle half▼ 88.8%-€11,885below the sector's middle half€20,239below the sector's middle half€27,579within the sector's middle half▲ 36.3%€15,619below the sector's middle half-
Total assets€17,342below the sector's middle half▼ 79.7%€18,503below the sector's middle half▲ 6.7%€30,193below the sector's middle half▲ 63.2%€34,382below the sector's middle half▲ 13.9%€138,910within the sector's middle half-
Debt€11,578▼ 65.9%€30,388▲ 162%€9,954▼ 67.2%€6,804▼ 31.6%€123,291-
Working capital-€903-€17,867▼ 1,879%€14,943€22,967▲ 53.7%€3,847-
Solvency33.2%within the sector's middle half▼ 27.1pp-64.2%below the sector's middle half▼ 97.5pp67.0%within the sector's middle half▲ 131.3pp80.2%within the sector's middle half▲ 13.2pp11.2%below the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2025 as the grey bar beneath
Assets €138,910
Fixed assets
€56,116 ▲ 1,117%
Current assets
€82,794 ▲ 178%
Equity and liabilities €138,910
Equity
€15,619 ▼ 43.4%
Debt
€123,291 ▲ 1,712%
Debt's share of the balance-sheet total rises from 19.8% to 88.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€10,105▼
2025 · €8,548
Cash flow
-€11,139▼
2025 · €8,024
Current ratio
1.05▼
2025 · 4.38
Debt to equity
7.89▲
2025 · 0.25
ROE
-76.6%▼
2025 · 26.6%
ROA
-8.6%▼
2025 · 21.3%
Interest coverage
-11.48▼
2025 · 32.94
Debt ≤ 1 year
€78,947▲
2025 · €6,804
Debt > 1 year
€44,344
Income taxes
€153▼
2025 · €275
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 2,448 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 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €85,636 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €208 | €685 | €685 | €685 | €821 | - |
| Other operating charges640/8 | - | €380 | €448 | €387 | - | - |
| Gross operating margin9900 | -€45,576 | -€16,470 | €33,376 | €8,936 | -€10,105 | - |
| Operating profit (loss)9901 | -€45,784 | -€17,535 | €32,243 | €7,863 | -€10,926 | - |
| Financial income75/76B | - | - | - | €10 | - | - |
| Recurring financial income75 | - | - | - | €10 | - | - |
| Financial charges65/66B | €100 | €113 | €81 | €259 | €880 | - |
| Recurring financial charges65 | €100 | €113 | €81 | €259 | €880 | - |
| Profit (loss) for the period before taxes9903 | -€45,884 | -€17,649 | €32,162 | €7,614 | -€11,806 | - |
| Income taxes67/77 | - | - | €38 | €275 | €153 | - |
| Profit (loss) for the period9904 | -€45,884 | -€17,649 | €32,124 | €7,339 | -€11,959 | - |
| Profit (loss) for the period to be appropriated9905 | -€45,884 | -€17,649 | €32,124 | €7,339 | -€11,959 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,342 | €18,503 | €30,193 | €34,382 | €138,910 | - |
| Fixed assets21/28 | €6,667 | €5,982 | €5,297 | €4,612 | €56,116 | - |
| Tangible fixed assets22/27 | €6,642 | €5,957 | €5,272 | €4,587 | €56,091 | - |
| Land and buildings22 | - | - | - | - | €50,668 | - |
| Furniture and vehicles24 | - | - | - | - | €1,064 | - |
| Other tangible fixed assets26 | €6,642 | €5,957 | €5,272 | €4,587 | €4,358 | - |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | - |
| Current assets29/58 | €10,675 | €12,521 | €24,897 | €29,770 | €82,794 | - |
| Amounts receivable within one year40/41 | €9,488 | €9,587 | €18,275 | €26,270 | €82,561 | - |
| Trade receivables40 | - | - | €11,247 | €13,885 | €82,561 | - |
| Other amounts receivable41 | €9,488 | €9,587 | €7,027 | €12,386 | - | - |
| Cash at bank and in hand54/58 | €1,187 | €2,934 | €6,622 | €3,500 | €233 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,342 | €18,503 | €30,193 | €34,382 | €138,910 | - |
| Equity10/15 | €5,764 | -€11,885 | €20,239 | €27,579 | €15,619 | - |
| Contributions10/11 | €18,592 | €18,592 | €20,451 | €20,451 | €20,451 | - |
| Reserves13 | €34,975 | €34,975 | €33,116 | €33,116 | €33,116 | - |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €33,116 | €33,116 | €33,116 | €33,116 | €33,116 | - |
| Profit (loss) carried forward14 | -€47,803 | -€65,452 | -€33,328 | -€25,988 | -€37,948 | - |
| Amounts payable17/49 | €11,578 | €30,388 | €9,954 | €6,804 | €123,291 | - |
| Amounts payable after more than one year17 | - | - | - | - | €44,344 | - |
| Financial debts170/4 | - | - | - | - | €44,344 | - |
| Amounts payable within one year42/48 | €11,578 | €30,388 | €9,954 | €6,804 | €78,947 | - |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €6,882 | - |
| Financial debts43 | - | - | - | €10 | - | - |
| Credit institutions430/8 | - | - | - | €10 | - | - |
| Trade debts44 | - | €1,384 | €2,037 | €1,374 | €53,589 | - |
| Suppliers440/4 | - | €1,384 | €2,037 | €1,374 | €53,589 | - |
| Taxes, remuneration and social security45 | €9,374 | €9,419 | €5,076 | €5,087 | €3,080 | - |
| Taxes450/3 | €1,897 | €3 | €5,076 | €5,087 | €3,080 | - |
| Remuneration and social security454/9 | €7,477 | €9,416 | - | - | - | - |
| Other amounts payable47/48 | €2,204 | €19,584 | €2,841 | €332 | €15,396 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€45,884 | -€17,649 | €32,124 | €7,339 | -€11,959 | - |
| + Depreciation and write-downs630 | €208 | €685 | €685 | €685 | €821 | - |
| Operating cash flow (approximation) | -€45,676 | -€16,964 | €32,809 | €8,024 | -€11,139 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €1,747 | €3,688 | -€3,122 | - | - |
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
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
14-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-09
Financial
Back to profitnet €32,124
Net result €32,124 after 2 loss-making years.
01-09
Financial
Liquidity times 6current ratio 2.50
Current ratio from 0.41 to 2.50; short-term debt falls from €30,388 to €9,954.
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-09
Financial
Weakest financial yearnet -€45,884
Net result drops to -€45,884, the lowest in the series; recovery starts the following year.
14-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-09
Financial
Back to profitnet €2,068
Net result €2,068 after one loss-making year.
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Koekelberg · 1 establishment unit since 1995
Ground area
1.1 ha
Building footprint
4,634 m²
Volume, LiDAR
68,218 m³
2 parcels, Brussels, Wallonia · tallest building 26.5 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Impasse de la Porte-Rouge 3, 1400 Nivelles
since 19952.073.062.125
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0008/00E017 | Brussels | 1.0 ha | 1 · 4,570 m² | 26.5 m · 5 fl. |
| 25782D0501/00L000 | Wallonia | 255 m² | 1 · 65 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 11,875 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
Founded07-09-1995
Fiscal year end31-12
Abbreviation FR
A.C.S.
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
E-mail
benoit@decoene.com
Phone
0475668087
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455884756
Also
9925:BE0455884756
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.