ACEB
ActiveSummary
ACEB has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €53k. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 15% of 255 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-24
Solvency27▼-9
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.97 in 2024; short-term debt: 19.5% and cash: 9.1% of total assets), and 97.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
2.1%
Return on assets
5.4%
Age of the figures
12 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Investigation and security activities (NACE 80)
about 5% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 255 sector peers (2025).
NBB · sector comparisonPosition among 255 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-03-2026, 48 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
48 d early
2024
48 d early
2023
50 d early
2022
151 d early
2021
30 d early
2020
53 d early
2019
6 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k=
2024 · €20k
2018: €82k
2019: €186k▲ +125% vs 2018highest in 8 years
2020: €24k▼ -87.1% vs 2019
2021: €22k▼ -5.9% vs 2020
2022: €20k▼ -8.9% vs 2021lowest in 8 years
2023: €20k● 0.0% vs 2022lowest in 8 years
2024: €20k● 0.0% vs 2023lowest in 8 years
2025: €20k● 0.0% vs 2024lowest in 8 years
2018 → 2025
Total assets
€972k▲ 416%
2024 · €188k
2018: €159klowest in 8 years
2019: €275k▲ +73.4% vs 2018
2020: €174k▼ -36.9% vs 2019
2021: €231k▲ +33.1% vs 2020
2022: €204k▼ -11.9% vs 2021
2023: €177k▼ -13.1% vs 2022
2024: €188k▲ +6.4% vs 2023
2025: €972k▲ +416% vs 2024highest in 8 years
2018 → 2025
Net result
€53k▼ 51.6%
2024 · €109k
2018: €61k
2019: €103k▲ +70.4% vs 2018
2020: €91k▼ -11.8% vs 2019
2021: €109k▲ +19.4% vs 2020
2022: €94k▼ -13.1% vs 2021
2023: €88k▼ -6.8% vs 2022
2024: €109k▲ +23.7% vs 2023highest in 8 years
2025: €53k▼ -51.6% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-18k▼ 222%
2024 · €-6k
2018: €75k
2019: €194k▲ +160% vs 2018highest in 8 years
2020: €3k▼ -98.6% vs 2019
2021: €-28k▼ -1114% vs 2020
2022: €-33k▼ -18.0% vs 2021lowest in 8 years
2023: €-18k▲ +45.5% vs 2022
2024: €-6k▲ +69.1% vs 2023
2025: €-18k▼ -222% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€20k▼ 8.9%€20k=€20k=€20k=
2021: €22khighest in 5 years
2022: €20k▼ -8.9% vs 2021lowest in 5 years
2023: €20k● 0.0% vs 2022lowest in 5 years
2024: €20k● 0.0% vs 2023lowest in 5 years
2025: €20k● 0.0% vs 2024lowest in 5 years
Operating result€148k-€133k▼ 10.3%€129k▼ 3.4%€155k▲ 20.6%€84k▼ 45.8%
2021: €148k
2022: €133k▼ -10.3% vs 2021
2023: €129k▼ -3.4% vs 2022
2024: €155k▲ +20.6% vs 2023highest in 5 years
2025: €84k▼ -45.8% vs 2024lowest in 5 years
Net result€109k-€94k▼ 13.1%€88k▼ 6.8%€109k▲ 23.7%€53k▼ 51.6%
2021: €109k
2022: €94k▼ -13.1% vs 2021
2023: €88k▼ -6.8% vs 2022
2024: €109k▲ +23.7% vs 2023highest in 5 years
2025: €53k▼ -51.6% vs 2024lowest in 5 years
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 46% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €972k
Fixed assets
€800k ▲ 2,240%
Current assets
€172k ▲ 11.7%
Equity and liabilities €972k
Equity
€20k =
Debt
€951k ▲ 467%
Debt's share of the balance-sheet total rises from 89.1% to 97.9%. Debt is higher.
Key figures and ratios
EBITDA
€207k▲
2024 · €180k
Cash flow
€175k▲
2024 · €133k
Current ratio
0.91▼
2024 · 0.97
Debt to equity
46.49▲
2024 · 8.20
ROE
257.3%▼
2024 · 532.1%
ROA
5.4%▼
2024 · 57.8%
Interest coverage
37.84▼
2024 · 48.11
Debt ≤ 1 year
€190k▲
2024 · €160k
Debt > 1 year
€761k▲
2024 · €8k
Income taxes
€26k▼
2024 · €43k
Staff costs
€61k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€188k€972k▲
Fixed assets21/28€34k€800k▲
Tangible fixed assets22/27€34k€800k▲
Land and buildings22-€785k
Furniture and vehicles24€27k€10k▼
Other tangible fixed assets26€7k€5k▼
Current assets29/58€154k€172k▲
Amounts receivable within one year40/41€91k€79k▼
Trade receivables40€64k€66k▲
Other amounts receivable41€27k€14k▼
Cash at bank and in hand54/58€57k€88k▲
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€188k€972k▲
Equity10/15€20k€20k=
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Amounts payable17/49€168k€951k▲
Amounts payable after more than one year17€8k€761k▲
Financial debts170/4€8k€411k▲
Other amounts payable178/9-€350k
Amounts payable within one year42/48€160k€190k▲
Current portion of amounts payable after more than one year42€33k€67k▲
Trade debts44€3k€8k▲
Suppliers440/4€3k€8k▲
Taxes, remuneration and social security45€32k€38k▲
Taxes450/3€32k€27k▼
Remuneration and social security454/9-€10k
Other amounts payable47/48€93k€77k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€61k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€123k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€181k€271k▲
Operating profit (loss)9901€155k€84k▼
Financial income75/76B€532€105▼
Recurring financial income75€532€105▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€152k€79k▼
Income taxes67/77€43k€26k▼
Profit (loss) for the period9904€109k€53k▼
Profit (loss) for the period to be appropriated9905€109k€53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€109k€53k▼
Profit to be distributed694/7€109k€53k▼
Return on contributions (dividend)694€109k€53k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €61k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €25k | €27k | €25k | €123k | ▲ 399% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €30k | - | - | - |
| Other operating charges640/8 | - | €2k | €2k | €2k | €3k | ▲ 55.3% |
| Gross operating margin9900 | €182k | €159k | €188k | €181k | €271k | ▲ 49.4% |
| Operating profit (loss)9901 | €148k | €133k | €129k | €155k | €84k | ▼ 45.8% |
| Financial income75/76B | - | €512 | €501 | €532 | €105 | ▼ 80.2% |
| Recurring financial income75 | €3k | €512 | €501 | €532 | €105 | ▼ 80.2% |
| Financial charges65/66B | - | €2k | €3k | €4k | €5k | ▲ 46.4% |
| Recurring financial charges65 | €1k | €2k | €3k | €4k | €5k | ▲ 46.4% |
| Profit (loss) for the period before taxes9903 | €150k | €132k | €127k | €152k | €79k | ▼ 48.1% |
| Income taxes67/77 | €42k | €37k | €38k | €43k | €26k | ▼ 39.3% |
| Profit (loss) for the period9904 | €109k | €94k | €88k | €109k | €53k | ▼ 51.6% |
| Profit (loss) for the period to be appropriated9905 | €109k | €94k | €88k | €109k | €53k | ▼ 51.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €231k | €204k | €177k | €188k | €972k | ▲ 416% |
| Fixed assets21/28 | €95k | €86k | €59k | €34k | €800k | ▲ 2,240% |
| Tangible fixed assets22/27 | €95k | €86k | €59k | €34k | €800k | ▲ 2,240% |
| Land and buildings22 | - | - | - | - | €785k | - |
| Furniture and vehicles24 | - | €73k | €48k | €27k | €10k | ▼ 61.2% |
| Other tangible fixed assets26 | - | €13k | €10k | €7k | €5k | ▼ 37.5% |
| Current assets29/58 | €136k | €118k | €118k | €154k | €172k | ▲ 11.7% |
| Amounts receivable within one year40/41 | €108k | €94k | €37k | €91k | €79k | ▼ 13.0% |
| Trade receivables40 | - | €52k | €37k | €64k | €66k | ▲ 2.1% |
| Other amounts receivable41 | - | €42k | - | €27k | €14k | ▼ 49.0% |
| Cash at bank and in hand54/58 | €24k | €19k | €76k | €57k | €88k | ▲ 54.5% |
| Deferred charges and accrued income490/1 | - | €5k | €5k | €6k | €5k | ▼ 20.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €231k | €204k | €177k | €188k | €972k | ▲ 416% |
| Equity10/15 | €22k | €20k | €20k | €20k | €20k | = |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €2k | - | - | - | - | - |
| Amounts payable17/49 | €209k | €183k | €157k | €168k | €951k | ▲ 467% |
| Amounts payable after more than one year17 | €44k | €32k | €20k | €8k | €761k | ▲ 9,223% |
| Financial debts170/4 | - | €32k | €20k | €8k | €411k | ▲ 4,936% |
| Other amounts payable178/9 | - | - | - | - | €350k | - |
| Amounts payable within one year42/48 | €164k | €151k | €136k | €160k | €190k | ▲ 18.9% |
| Current portion of amounts payable after more than one year42 | - | €41k | €33k | €33k | €67k | ▲ 106% |
| Trade debts44 | €6k | €2k | €1k | €3k | €8k | ▲ 204% |
| Suppliers440/4 | - | €2k | €1k | €3k | €8k | ▲ 204% |
| Taxes, remuneration and social security45 | - | €26k | €23k | €32k | €38k | ▲ 18.0% |
| Taxes450/3 | - | €26k | €23k | €32k | €27k | ▼ 14.9% |
| Remuneration and social security454/9 | - | - | - | - | €10k | - |
| Other amounts payable47/48 | - | €82k | €80k | €93k | €77k | ▼ 16.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €109k | €94k | €88k | €109k | €53k | ▼ 51.6% |
| + Depreciation and write-downs630 | €27k | €25k | €27k | €25k | €123k | ▲ 399% |
| Operating cash flow (approximation) | €136k | €119k | €115k | €133k | €175k | ▲ 31.4% |
| Investment in fixed assets (approximation) | - | €-16k | €0 | €0 | €-888k | - |
| Change in cash | - | €-5k | €57k | €-19k | €31k | ▲ 264% |
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
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €53k ▼51.6%
Net result drops to €53k, the lowest in the series.
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €109k ▲23.7%
Operating result €155k, net result €109k, both a record.
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €150kEq €186k ▲125%
2 profitable years in a row build equity to €186k.
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-04
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, Stavelot · 1 establishment unit since 2016
Ground area
3,461 m²
Building footprint
222 m²
Volume, LiDAR
1,843 m³
Parcel 63027E0403/00D000, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ACEB
since 20162.254.331.765
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63027E0403/00D000 | Wallonia | 3,461 m² | 1 · 222 m² | 10.5 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.
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A & D
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In Control
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Of 461 companies in sector 80090 we hold annual accounts for 261. 175 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 end30-09
Activities, NACEBEL 2025
80090Investigation and security activities
46140Agents in the wholesale of industrial machinery, ships and aircraft
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
82920Office administrative, office support and other business support activities
Scores and ratios are computed by Checked and are not a credit decision.