ACTIVE

A.C.B. (ADVANCED CIRCUIT BOARDS)

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Financial year 2025 · Closed on 31/12/2025

Net result8,3 M €+66,3 %over 1 year

Revenue32,4 M €+19,4 %over 1 year

Equity18,8 M €+13,6 %over 1 year

Workforce119,0 ETP+1,1 %over 1 year

Identity

Source · BCE/KBO

A.C.B. (ADVANCED CIRCUIT BOARDS) is a Public limited company incorporated in 1988. Its main activity is: Manufacture of electronic components. Its registered office is in Dendermonde. It employs on average 119,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0433.983.344
Incorporation: 14/04/1988
Legal form: Public limited company
Registered office: Vosmeer (STG) 3
9200 Dendermonde · FlandreSee on map
Contributed capital: 2 571 000,94 €
Latest accounts: 31/12/2025
Average workforce: 119,0 ETP

Activities (NACE)

26110Manufacture of electronic components· main 26110Manufacture of electronic components 26120Manufacture of loaded electronic boards 26120Manufacture of loaded electronic boards 32100Manufacture of jewellery, bijouterie and related articles

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	32,4 M €	+19.4%	27,1 M €	+17.9%	23 M €	+12.3%	20,5 M €	+20.1%	17 M €
EBITDA	11,8 M €	+53.4%	7,7 M €	+36.0%	5,7 M €	+47.3%	3,9 M €	+39.3%	2,8 M €
Operating result	10,5 M €	+56.3%	6,7 M €	+36.4%	4,9 M €	+52.0%	3,2 M €	+47.7%	2,2 M €
Net result	8,3 M €	+66.3%	5 M €	+15.1%	4,3 M €	+21.3%	3,6 M €	+109%	1,7 M €
Balance sheet
Equity	18,8 M €	+13.6%	16,6 M €	+13.7%	14,6 M €	+15.4%	12,6 M €	+20.9%	10,4 M €
Total assets	25,6 M €	+11.1%	23 M €	+16.1%	19,8 M €	+17.0%	16,9 M €	+12.0%	15,1 M €
Cash	2,5 M €	+13.7%	2,2 M €	+252%	628,5 k €	-53.3%	1,3 M €	+0.7%	1,3 M €
Debts	6,2 M €	+3.7%	6 M €	+20.2%	5 M €	+20.9%	4,1 M €	-8.0%	4,5 M €
Other
Workforce	119,0 ETP	+1.1%	117,7 ETP	+4.4%	112,7 ETP	+2.4%	110,1 ETP	-3.3%	113,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 38 ended

Active mandates

Ronan Jeffroy

Director · since 13 septembre 2023

Active

Ended mandates

ACB Expansion SAS

Director · since 24 novembre 2022 · until 17 mai 2028

Represented by Ronan Jeffroy

Ended

Gilles Rigon

Managing director · since 15 mai 2018 · until 13 septembre 2023

Ended

GILLES RIGON

Managing director · since 15 mai 2018 · until 21 mai 2024

Ended

ACB DEVELOPPEMENT SAS

Director · since 24 novembre 2016 · until 23 novembre 2022

Represented by DAVID ROBIN

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/05/2026	20/05/2025	03/07/2024	17/05/2023	17/05/2022	20/05/2021
General meeting	19/05/2026	20/05/2025	27/06/2024	16/05/2023	17/05/2022	18/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/05/2026	19/05/2026	Dutch	PDF
Full model	31/12/2024	20/05/2025	20/05/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	03/07/2024	Dutch	PDF
Full model	31/12/2022	16/05/2023	17/05/2023	Dutch	PDF
Full model	31/12/2021	17/05/2022	17/05/2022	Dutch	PDF
Full model	31/12/2020	18/05/2021	20/05/2021	Dutch	PDF
Full model	31/12/2019	19/05/2020	19/05/2020	Dutch	PDF
Full model	31/12/2018	21/05/2019	24/06/2019	Dutch	PDF
Full model	31/12/2017	15/05/2018	24/07/2018	Dutch	PDF
Full model	31/12/2016	16/05/2017	14/06/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	19/05/2016	Dutch	PDF
Full model	31/12/2014	19/06/2015	24/06/2015	Dutch	PDF
Full model	31/12/2013	20/05/2014	03/06/2014	Dutch	PDF
Full model	31/12/2012	21/05/2013	30/05/2013	Dutch	PDF
Full model	31/12/2011	13/04/2012	27/04/2012	Dutch	PDF
Full model	31/12/2010	08/04/2011	29/04/2011	Dutch	PDF
Full model	31/12/2009	09/04/2010	28/04/2010	Dutch	PDF
Full model	31/12/2008	10/04/2009	05/05/2009	Dutch	PDF
Full model	31/12/2007	11/04/2008	07/05/2008	Dutch	PDF
Full model	31/12/2006	13/04/2007	07/05/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 38 ended

Active mandates

Ronan Jeffroy

Director · since 13 septembre 2023

Active

Ended mandates

ACB Expansion SAS

Director · since 24 novembre 2022 · until 17 mai 2028

Represented by Ronan Jeffroy

Ended

Gilles Rigon

Managing director · since 15 mai 2018 · until 13 septembre 2023

Ended

GILLES RIGON

Managing director · since 15 mai 2018 · until 21 mai 2024

Ended

ACB DEVELOPPEMENT SAS

Director · since 24 novembre 2016 · until 23 novembre 2022

Represented by DAVID ROBIN

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates12/08/2026
Ontslag bestuurder - Benoeming nieuwe bestuurder - Volmacht
PDF
Mandates24/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/04/2023
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2019
ONTSLAGEN - BENOEMINGEN
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 20258,3 M €↑
2024
Annual accounts 20245 M €↑
2023
Annual accounts 20234,3 M €↑
2022
Annual accounts 20223,6 M €↑
2021
Annual accounts 20211,7 M €↑
2018
Annual accounts 20181,3 M €↓
2017
Annual accounts 20171,5 M €↑
2016
Annual accounts 20161,2 M €↑
2015
Annual accounts 20151,2 M €↑
2013
Annual accounts 2013497,7 k €↑
2012
Annual accounts 2012115,1 k €↓
2011
Annual accounts 2011557,4 k €↑
2010
Annual accounts 2010-970,3 k €↓
2009
Annual accounts 200947,8 k €↓
2008
Annual accounts 2008213,1 k €↓
2007
Annual accounts 2007414,8 k €↑
2006
Annual accounts 2006-458,5 k €
14/04/1988
IncorporationPublic limited company

A.C.B. (ADVANCED CIRCUIT BOARDS)

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline