ACUAS
ActiveSummary
The computed 12-month bankruptcy probability of ACUAS is 1.8% (moderate). The 2026 annual accounts show equity of €23,326 and a net result of €36,721. Equity is shrinking by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 16% of 241 sector peers (fiscal year 2026). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
Axes · tick = 2025
Profitability97▼-3
Solvency39▲+2
Growth38=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
Specialised construction activities (NACE 43)
about 85% more 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 2026Solvency, return and age of the figures
Solvency
14%
Return on assets
22%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 241 sector peers (2026).
NBB · sector comparisonPosition among 241 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 10-07-2026, 52 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2026
52 d early
2025
22 d late
2024
54 d early
2023
44 d early
2022
47 d early
2021
13 d late
2020
11 d late
← 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 22 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. Usually files around 15 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-01-2027 close31-08-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Turnover
€251▼ 99.9%
2025 · €199,838
EBIT margin
20282.9%▲ 20227.3pp
2025 · 55.6%
Net result
€36,721▼ 55.4%
2025 · €82,267
Working capital
€17,795▲ 23.5%
2025 · €14,405
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20222023202420252026
Turnover€189,683▼ 7.9%€217,720▲ 14.8%€186,492▼ 14.3%€199,838▲ 7.2%€251▼ 99.9%
Operating result€12,866▼ 17.1%€6,381▼ 50.4%€32,820▲ 414%€111,029▲ 238%€50,949▼ 54.1%
Net result€12,162within the sector's middle half▼ 7.5%€5,733within the sector's middle half▼ 52.9%€25,354within the sector's middle half▲ 342%€82,267above the sector's middle half▲ 224%€36,721▼ 55.4%
EBIT margin6.8%▼ 0.8pp2.9%▼ 3.9pp17.6%▲ 14.7pp55.6%▲ 38.0pp20282.9%▲ 20227.3pp
Equity€33,251within the sector's middle half▼ 44.3%€38,984within the sector's middle half▲ 17.2%€24,339within the sector's middle half▼ 37.6%€21,606within the sector's middle half▼ 11.2%€23,326▲ 8.0%
Total assets€111,332within the sector's middle half▼ 28.0%€124,026within the sector's middle half▲ 11.4%€179,547within the sector's middle half▲ 44.8%€179,216within the sector's middle half▼ 0.2%€167,097▼ 6.8%
Debt€78,081▼ 17.7%€85,042▲ 8.9%€155,209▲ 82.5%€157,610▲ 1.5%€143,771▼ 8.8%
Working capital€42,818within the sector's middle half▼ 14.9%€37,419within the sector's middle half▼ 12.6%€22,455within the sector's middle half▼ 40.0%€14,405within the sector's middle half▼ 35.8%€17,795▲ 23.5%
Solvency29.9%within the sector's middle half▼ 8.7pp31.4%within the sector's middle half▲ 1.6pp13.6%below the sector's middle half▼ 17.9pp12.1%below the sector's middle half▼ 1.5pp14.0%▲ 1.9pp
Current ratio1.85within the sector's middle half▲ 0.101.45within the sector's middle half▼ 0.401.14within the sector's middle half▼ 0.301.09below the sector's middle half▼ 0.051.12▲ 0.03
Return on assets (ROA)10.9%within the sector's middle half▲ 2.4pp4.6%within the sector's middle half▼ 6.3pp14.1%within the sector's middle half▲ 9.5pp45.9%above the sector's middle half▲ 31.8pp22.0%▼ 23.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 2026; 2026 is 54% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €167,097
Fixed assets
€5,532 ▼ 23.2%
Current assets
€161,565 ▼ 6.1%
Equity and liabilities €167,097
Equity
€23,326 ▲ 8.0%
Debt
€143,771 ▼ 8.8%
Debt's share of the balance-sheet total falls from 87.9% to 86.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,617▼
2025 · €111,787
Cash flow
€38,390▼
2025 · €83,025
Debt to equity
6.16▼
2025 · 7.29
ROE
157.4%▼
2025 · 380.8%
Interest coverage
176.60▼
2025 · 250.42
Debt ≤ 1 year
€143,771▼
2025 · €157,610
Income taxes
€13,930▼
2025 · €31,033
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,053 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 | 2026 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €189,683 | €217,720 | €186,492 | €199,838 | €251 | ▼ 99.9% |
| Non-recurring operating income76A | - | €4,752 | €1,261 | €20,520 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €157,467 | €199,129 | €151,234 | €91,491 | €197,214 | ▲ 116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,949 | €16,584 | €1,976 | €758 | €1,669 | ▲ 120% |
| Other operating charges640/8 | €401 | €378 | €1,722 | €227 | €1,188 | ▲ 424% |
| Non-recurring operating charges66A | - | - | - | €16,854 | - | - |
| Gross operating margin9900 | €32,216 | €23,344 | €36,518 | €128,867 | €53,805 | ▼ 58.2% |
| Operating profit (loss)9901 | €12,866 | €6,381 | €32,820 | €111,029 | €50,949 | ▼ 54.1% |
| Financial income75/76B | €2,960 | €1,717 | €3,127 | €2,717 | €0 | ▼ 100.0% |
| Recurring financial income75 | €971 | €1,717 | €3,127 | €2,717 | €0 | ▼ 100.0% |
| Non-recurring financial income76B | €1,989 | - | - | - | - | - |
| Financial charges65/66B | €192 | €514 | €351 | €446 | €298 | ▼ 33.3% |
| Recurring financial charges65 | €192 | €514 | €351 | €446 | €298 | ▼ 33.3% |
| Profit (loss) for the period before taxes9903 | €15,634 | €7,584 | €35,596 | €113,300 | €50,651 | ▼ 55.3% |
| Income taxes67/77 | €3,472 | €1,851 | €10,242 | €31,033 | €13,930 | ▼ 55.1% |
| Profit (loss) for the period9904 | €12,162 | €5,733 | €25,354 | €82,267 | €36,721 | ▼ 55.4% |
| Profit (loss) for the period to be appropriated9905 | €12,162 | €5,733 | €25,354 | €82,267 | €36,721 | ▼ 55.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €111,332 | €124,026 | €179,547 | €179,216 | €167,097 | ▼ 6.8% |
| Fixed assets21/28 | €18,174 | €2,686 | €1,884 | €7,201 | €5,532 | ▼ 23.2% |
| Tangible fixed assets22/27 | €18,174 | €2,686 | €1,884 | €7,201 | €5,532 | ▼ 23.2% |
| Plant, machinery and equipment23 | €4,653 | €1,718 | - | €5,771 | €4,556 | ▼ 21.1% |
| Furniture and vehicles24 | €13,521 | €969 | €1,884 | €1,430 | €976 | ▼ 31.8% |
| Current assets29/58 | €93,158 | €121,340 | €177,664 | €172,015 | €161,565 | ▼ 6.1% |
| Amounts receivable within one year40/41 | €92,639 | €103,504 | €173,812 | €105,658 | €119,625 | ▲ 13.2% |
| Trade receivables40 | €74,129 | €64,940 | €99,549 | €68,392 | €79,313 | ▲ 16.0% |
| Other amounts receivable41 | €18,509 | €38,564 | €74,263 | €37,266 | €40,312 | ▲ 8.2% |
| Cash at bank and in hand54/58 | €519 | €17,836 | €3,852 | €65,093 | €40,621 | ▼ 37.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,264 | €1,319 | ▲ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €111,332 | €124,026 | €179,547 | €179,216 | €167,097 | ▼ 6.8% |
| Equity10/15 | €33,251 | €38,984 | €24,339 | €21,606 | €23,326 | ▲ 8.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €12,791 | €18,524 | €3,879 | €1,146 | €2,866 | ▲ 150% |
| Amounts payable17/49 | €78,081 | €85,042 | €155,209 | €157,610 | €143,771 | ▼ 8.8% |
| Amounts payable after more than one year17 | €27,741 | €1,121 | - | - | - | - |
| Financial debts170/4 | €27,741 | €1,121 | - | - | - | - |
| Amounts payable within one year42/48 | €50,340 | €83,920 | €155,209 | €157,610 | €143,771 | ▼ 8.8% |
| Current portion of amounts payable after more than one year42 | €1,038 | €13,382 | €1,121 | - | €1,618 | - |
| Trade debts44 | €638 | €21,838 | €45,975 | €34,932 | €32,480 | ▼ 7.0% |
| Suppliers440/4 | €638 | €21,838 | €45,975 | €34,932 | €32,480 | ▼ 7.0% |
| Taxes, remuneration and social security45 | €16,277 | €5,315 | €17,855 | €47,210 | €48,224 | ▲ 2.1% |
| Taxes450/3 | €11,077 | €5,315 | €17,855 | €47,210 | €46,624 | ▼ 1.2% |
| Remuneration and social security454/9 | €5,200 | - | - | - | €1,600 | - |
| Other amounts payable47/48 | €32,387 | €43,386 | €90,258 | €75,468 | €61,450 | ▼ 18.6% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,162 | €5,733 | €25,354 | €82,267 | €36,721 | ▼ 55.4% |
| + Depreciation and write-downs630 | €18,949 | €16,584 | €1,976 | €758 | €1,669 | ▲ 120% |
| Operating cash flow (approximation) | €31,111 | €22,318 | €27,331 | €83,025 | €38,390 | ▼ 53.8% |
| Investment in fixed assets (approximation) | - | -€1,097 | -€1,173 | -€6,075 | €0 | ▲ 100% |
| Change in cash | - | €17,317 | -€13,984 | €61,241 | -€24,472 | ▼ 140% |
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 2027, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 22 days late
31-01
Financial
Highest result since 2019net €82,267 ▲224%
Operating result €111,029, net result €82,267, both a record.
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-01
Financial
Weakest financial yearnet €5,733 ▼52.9%
Net result drops to €5,733, the lowest in the series; recovery starts the following year.
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 13 days late
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2018 · 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, Sint-Jans-Molenbeek · 1 establishment unit since 2016
Ground area
153 m²
Building footprint
242 m²
Volume, LiDAR
2,253 m³
Parcel 21523B0742/00W013, Brussels · tallest building 17.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ACUAS
since 20162.254.922.871
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0742/00W013 | Brussels | 153 m² | 1 · 242 m² | 17.0 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 15,524 companies in sector 43990 we hold annual accounts for 7,427. 5,405 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
Founded24-06-2016
Fiscal year end31-01
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0656927352
Also
9925:BE0656927352
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.