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ACS GROUP

Active
Private limited companyfounded 200521 yrs activeHadewijchlaan(Kor) 22, 8500 Kortrijk, BelgiumKBO/BCE: BE 0872.439.576

ACS GROUP has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €570k and a net result of €33k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 25% of 37972 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2024
38 / 100
Weak▼ -26 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability29▼-32
Solvency29▼-28
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days only on tighter terms
Liquidity short (current ratio 0.05 against 0.06 in 2023), and 73.8% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 date
Age against the risk zone
elevated failure risk from 2 to 8 years 21 years 0 30 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 37972 sector peers (2024).
NBB · sector comparison
Position among 37972 sector peers
Solvency
better than 25%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-05-2025, 66 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
66 d early
2023
23 d early
2022
77 d early
2021
33 d early
2020
30 d early
2019
56 d early
← before the deadline after the deadline →
neutral · 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 2024, micro schema

Equity
€570k▼ 43.7%
2023 · €1.01M
2018: €765k 2019: €849k 2020: €789k 2021: €770k 2022: €890k 2023: €1.01M
2018 → 2024
Total assets
€2.18M▼ 3.0%
2023 · €2.25M
2018: €1.60M 2019: €1.98M 2020: €2.34M 2021: €2.16M 2022: €2.28M 2023: €2.25M
2018 → 2024
Net result
€33k▼ 72.8%
2023 · €123k
2018: €190k 2019: €84k 2020: €82k 2021: €61k 2022: €120k 2023: €123k
2018 → 2024
Working capital
€-1.32M▼ 48.2%
2023 · €-889k
2018: €-696k 2019: €-963k 2020: €-946k 2021: €-898k 2022: €-893k 2023: €-889k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€789k-€770k▼ 2.3%€890k▲ 15.6%€1.01M▲ 13.8%€570k▼ 43.7%
Operating result€134k-€119k▼ 11.1%€214k▲ 80.4%€235k▲ 9.6%€122k▼ 48.1%
Net result€82k-€61k▼ 24.6%€120k▲ 94.9%€123k▲ 2.4%€33k▼ 72.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100k€200kOperating result 2020: €134k€134kNet result 2020: €82k€82kOperating result 2021: €119k€119kNet result 2021: €61k€61kOperating result 2022: €214k€214kNet result 2022: €120k€120kOperating result 2023: €235k€235kNet result 2023: €123k€123kOperating result 2024: €122k€122kNet result 2024: €33k€33k20202021202220232024
The operating result falls in 2024; 2024 is 48% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.18M
Fixed assets €2.11M▼ 3.3%
Current assets €65k▲ 7.7%
Equity and liabilities €2.18M
Equity €570k▼ 43.7%
Debt €1.61M▲ 30.5%
The debt ratio rises from 54.9% to 73.8%: debt grows while equity shrinks.
Key figures and ratios
2024 value · change against 2023
EBITDA
€215k
2023 · €340k
Cash flow
€127k
2023 · €228k
Solvency
26.2%
2023 · 45.1%
Current ratio
0.05
2023 · 0.06
Quick ratio
0.05
2023 · 0.06
Debt / equity
2.82
2023 · 1.22
ROE
5.9%
2023 · 12.1%
ROA
1.5%
2023 · 5.5%
Interest coverage
2.99
2023 · 6.28
Debt
€1.61M
2023 · €1.23M
Debt ≤ 1 year
€1.38M
2023 · €950k
Debt > 1 year
€155k
2023 · €233k
Income taxes
€16k
2023 · €58k
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 · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€2.25M€2.18M
Fixed assets21/28€2.18M€2.11M
Tangible fixed assets22/27€2.18M€2.11M
Land and buildings22€2.10M€2.04M
Plant, machinery and equipment23€10k€7k
Furniture and vehicles24€61k€52k
Other tangible fixed assets26€13k€13k
Current assets29/58€60k€65k
Amounts receivable within one year40/41€21k€44k
Trade receivables40€11k€29k
Other amounts receivable41€10k€15k
Cash at bank and in hand54/58€36k€19k
Deferred charges and accrued income490/1€3k€2k
Equity and liabilities
Total equity and liabilities10/49€2.25M€2.18M
Equity10/15€1.01M€570k
Contributions10/11€19k€19k=
Reserves13€994k€551k
Distributable reserves133€994k€551k
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.23M€1.61M
Amounts payable after more than one year17€233k€155k
Financial debts170/4€233k€155k
Amounts payable within one year42/48€950k€1.38M
Current portion of amounts payable after more than one year42€129k€78k
Financial debts43€10k€10k
Credit institutions430/8€10k€10k
Trade debts44€6k€406
Suppliers440/4€6k€406
Taxes, remuneration and social security45€4k€6k
Taxes450/3€4k€6k
Other amounts payable47/48€801k€1.29M
Accrued charges and deferred income492/3€50k€70k
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€105k€94k
Other operating charges640/8€7k€7k
Gross operating margin9900€347k€222k
Operating profit (loss)9901€235k€122k
Financial income75/76B€204€10
Recurring financial income75€204€10
Financial charges65/66B€54k€72k
Recurring financial charges65€54k€72k
Profit (loss) for the period before taxes9903€181k€50k
Income taxes67/77€58k€16k
Profit (loss) for the period9904€123k€33k
Profit (loss) for the period to be appropriated9905€123k€33k
Appropriation of the result
Profit (loss) to be appropriated9906€254k€33k
Profit (loss) brought forward from the previous period14P€131k€0
Transfer from equity791/2-€476k
Transfer to equity691/2€254k€33k
To other reserves6921€254k€33k
Profit to be distributed694/7-€476k
Return on contributions (dividend)694-€476k

The notes to these accounts (6 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

2025
26-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet €33k ▼72.8%
Net result drops to €33k, the lowest in the series.
08-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Equity above €1MEq €1.01M ▲13.8%
6 profitable years in a row build equity to €1.01M.
15-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
05-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
28-05
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
13-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
2 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, Kortrijk · 1 establishment unit since 2005
establishment The establishment unit on the map
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.

Hadewijchlaan(Kor) 228500 Kortrijk
Ground area
4,702 m²
Building footprint
302 m²
Volume, LiDAR
1,404 m³
Parcel 34354C0900/00G003, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ACS GROUP
Hadewijchlaan(Kor) 22, 8500 KortrijkNACE 7414201
since 20052.145.832.515
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34354C0900/00G003 Flanders 4,702 m² 1 · 301 m² 8.3 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 3,413 EUR awarded · 3,413 EUR paid
Year Entries awardedpaid
2025 1 3,413 EUR3,413 EUR
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
1 entry · 3,413 EUR · 3,413 EUR paid · Vlaams Energie- en Klimaatagentschap

Similar companies · same sector, comparable size

Of 82,241 companies in sector 70200 we hold annual accounts for 52,391. 33,450 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded11-03-2005
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.