AECE Accountancy

Active

Private limited companyfounded 20215 yrs activeTerhulpsesteenweg 185, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0767.950.879

AECE Accountancy has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €112k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 47% of 12617 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2025

98 / 100

Excellent▼ -2 vs 2024

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

Axes · tick = 2024

Profitability100=

Solvency96▼-4

Growth78=

Stability94

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity ample (current ratio 1.97 against 5.04 in 2024), and 46.7% 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

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 69

Relative position

BE, all sectors

reference

Sector 69

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

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

KBO · registered office

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

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

53.3%

Return on assets

128.2%

Age of the figures

11 mo

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-03-2026, 36 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

36 d early

2024

1 d early

2023

on the day

2022

2 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

12-09-2026 today30-09-2026 close30-04-2027 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, micro schema

Equity

€46k▼ 56.7%

2024 · €107k

2022: €33k 2023: €59k 2024: €107k

2022 → 2025

Total assets

€87k▼ 34.4%

2024 · €133k

2022: €62k 2023: €71k 2024: €133k

2022 → 2025

Net result

€112k▲ 42.4%

2024 · €78k

2022: €56k 2023: €55k 2024: €78k

2022 → 2025

Working capital

€39k▼ 61.8%

2024 · €103k

2022: €31k 2023: €53k 2024: €103k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€33k-€59k▲ 76.4%€107k▲ 82.1%€46k▼ 56.7%

Operating result€65k-€66k▲ 0.5%€88k▲ 33.8%€128k▲ 45.8%

Net result€56k-€55k▼ 1.5%€78k▲ 41.1%€112k▲ 42.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen three years in a row; 2025 is 46% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €87k

91.9%

Fixed assets €7k▲ 69.3%

Current assets €80k▼ 37.7%

Equity and liabilities €87k

53.3%

46.7%

Equity €46k▼ 56.7%

Debt €41k▲ 59.4%

The debt ratio rises from 19.2% to 46.7%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€129k▲

2024 · €89k

Cash flow

€112k▲

2024 · €80k

Solvency

53.3%▼

2024 · 80.8%

Current ratio

1.97▼

2024 · 5.04

Quick ratio

1.97▼

2024 · 5.04

Debt / equity

0.87▲

2024 · 0.24

ROE

240.3%▲

2024 · 73.1%

ROA

128.2%▲

2024 · 59.1%

Interest coverage

1161.18▲

2024 · 756.84

Debt

€41k▲

2024 · €25k

Debt ≤ 1 year

€41k▲

2024 · €25k

Income taxes

€20k▲

2024 · €14k

Staff costs

€696

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 2024

Balance sheet Code20242025

Assets

Total assets20/58€133k€87k▼

Fixed assets21/28€4k€7k▲

Intangible fixed assets21€0€3k▲

Tangible fixed assets22/27€1k€829▼

Furniture and vehicles24€1k€829▼

Financial fixed assets28€3k€4k▲

Current assets29/58€128k€80k▼

Amounts receivable within one year40/41€101k€30k▼

Trade receivables40€3k€20k▲

Other amounts receivable41€98k€10k▼

Cash at bank and in hand54/58€26k€49k▲

Deferred charges and accrued income490/1€2k€390▼

Equity and liabilities

Total equity and liabilities10/49€133k€87k▼

Equity10/15€107k€46k▼

Contributions10/11€2k€2k=

Profit (loss) carried forward14€105k€44k▼

Amounts payable17/49€25k€41k▲

Amounts payable within one year42/48€25k€41k▲

Trade debts44€3k€302▼

Suppliers440/4€3k€302▼

Taxes, remuneration and social security45€23k€40k▲

Taxes450/3€23k€40k▲

Remuneration and social security454/9-€96

Income statement Code20242025

Remuneration, social security and pensions62-€696

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€766▼

Other operating charges640/8€2k€736▼

Gross operating margin9900€91k€131k▲

Operating profit (loss)9901€88k€128k▲

Financial income75/76B€4k€3k▼

Recurring financial income75€4k€3k▼

Financial charges65/66B€118€111▼

Recurring financial charges65€118€111▼

Profit (loss) for the period before taxes9903€92k€132k▲

Income taxes67/77€14k€20k▲

Profit (loss) for the period9904€78k€112k▲

Profit (loss) for the period to be appropriated9905€78k€112k▲

Appropriation of the result

Profit (loss) to be appropriated9906€135k€217k▲

Profit (loss) brought forward from the previous period14P€57k€105k▲

Profit to be distributed694/7€30k€172k▲

Return on contributions (dividend)694-€140k

Directors or managers695€30k€32k▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 4Gazette 3Filings 4

Next filing, fiscal year 2026, expected by 30-04-2027

2026

09-09

State Gazette act Incorporation · Founding capital

Corporate purpose · Director appointment

11-08

State Gazette act Incorporation · Founder

Founding capital · Corporate purpose

25-03

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

24-03

State Gazette act Incorporation · Founder

Founding capital · Capital

2025

30-09

Financial Highest result since 2022net €112k ▲42.4%

Operating result €128k, net result €112k, both a record.

29-04

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-09

Financial Equity above €100kEq €107k ▲82.1%

3 profitable years in a row build equity to €107k.

30-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

30-09

Financial Weakest financial yearnet €55k ▼1.5%

Net result drops to €55k, the lowest in the series; recovery starts the following year.

30-09

Financial Liquidity triplescurrent ratio 5.47

Current ratio from 2.08 to 5.47; short-term debt falls from €28k to €12k.

28-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2022

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

14-03-2022 Resigned as Director

Location & real-estate footprint

Registered office, Watermaal-Bosvoorde · 3 establishment units since 2021

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.

Terhulpsesteenweg 1851170 Watermaal-Bosvoorde

Ground area

1.0 ha

Building footprint

2,772 m²

Volume, LiDAR

73,663 m³

3 parcels, Brussels · tallest building 35.8 m, ±10 floors. Linked by address, not a title deed.

3 establishment units

Erdal Aktas

Terhulpsesteenweg 185, 1170 Watermaal-BosvoordeLegal and accounting activities

since 20212.317.236.265

AECE ACCOUNTANCY

Maarschalk Fochlaan 59, 1030 SchaarbeekCertified accountants and tax accountants

since 20252.368.603.507

AECE Accountancy

Louizalaan 54, 1050 BrusselCertified accountants and tax accountants

since 20252.377.449.115

3 parcels

Brussels 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21652E0042/00H002 ProtectedMonument · Site or landscapeCBRSource ↗	Brussels	7,608 m²	1 · 1,019 m²	35.8 m · 10 fl.
21807G0001/00L000	Brussels	1,625 m²	1 · 1,286 m²	33.9 m · 9 fl.
21910E0124/00R020	Brussels	787 m²	1 · 467 m²	24.8 m · 7 fl.