ACTIVE

A.C.E. Belgium

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Financial year 2025 · closed on 31/12/2025

Net result

33,4 k €

+102.2% YoY

Revenue

10,2 M €

-8.3% YoY

Equity

2,6 M €

+25.6% YoY

Workforce

89,0 ETP

-6.5% YoY

What does A.C.E. Belgium do?

A.C.E. Belgium is a Public limited company incorporated in 1989. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Lummen. It employs on average 89,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.361.410

Incorporation

19/09/1989

Legal form

Public limited company

Registered office

Klaverbladstraat 9
3560 Lummen · FlandreSee on map

Contributed capital

570 000,00 €

Latest accounts

31/12/2025

Average workforce

89,0 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities

Joint committees (4)

100
200
2000
218

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	10,2 M €	-8.3%	11,2 M €	-13.9%	13 M €	+30.3%	10 M €	+21.8%	8,2 M €	-34.4%	12,5 M €	+11.1%	11,2 M €	+36.0%	8,2 M €	+3.4%	8 M €	+7.3%	7,4 M €	-0.6%	7,5 M €	+14.6%	6,5 M €	-18.0%	8 M €	+11.4%	7,1 M €	+35.1%	5,3 M €	+11.0%	4,8 M €	-12.9%	5,5 M €	+4.9%	5,2 M €	+15.7%	4,5 M €
EBITDA	364,2 k €	+5.3%	345,9 k €	-53.4%	742,7 k €	+220%	232,4 k €	-47.6%	443,7 k €	-72.3%	1,6 M €	+77.4%	904 k €	+19.5%	756,6 k €	-4.8%	794,5 k €	-0.8%	801,2 k €	+37.8%	581,6 k €	+80.9%	321,5 k €	-49.3%	634,4 k €	-17.1%	765,5 k €	+44.9%	528,3 k €	+163%	201 k €	-71.7%	711 k €	+7.7%	659,9 k €	+48.9%	443,1 k €
Operating result	302,7 k €	+12.1%	270 k €	-68.7%	863,7 k €	+485%	147,7 k €	-56.1%	336,5 k €	-78.0%	1,5 M €	+83.0%	836,9 k €	+20.9%	692,1 k €	-4.4%	724 k €	-1.5%	735,2 k €	+43.0%	514,3 k €	+92.1%	267,7 k €	-54.1%	583,2 k €	-20.2%	730,4 k €	+45.5%	502 k €	+133%	215,7 k €	-69.3%	701,7 k €	+14.5%	612,9 k €	+47.8%	414,7 k €
Net result	33,4 k €	+102%	-1,5 M €	-452%	425,5 k €	+1929%	-23,3 k €	-117%	133 k €	-86.4%	980,4 k €	+113%	460 k €	+19.1%	386,4 k €	-10.2%	430,3 k €	-5.0%	453 k €	+43.1%	316,4 k €	+106%	154 k €	-58.5%	370,9 k €	-19.2%	459,1 k €	+48.9%	308,3 k €	+131%	133,3 k €	-69.9%	443,4 k €	+17.3%	377,8 k €	+58.8%	237,9 k €
Balance sheet
Equity	2,6 M €	+25.6%	2,1 M €	-41.9%	3,6 M €	+13.5%	3,2 M €	-0.7%	3,2 M €	+17.3%	2,7 M €	+56.7%	1,7 M €	+10.2%	1,6 M €	-1.0%	1,6 M €	+37.3%	1,2 M €	-31.8%	1,7 M €	-5.4%	1,8 M €	+9.4%	1,6 M €	-7.4%	1,8 M €	+35.2%	1,3 M €	+31.0%	994,9 k €	+15.5%	861,6 k €	+106%	418,2 k €	+69.6%	246,7 k €
Total assets	9,3 M €	+7.1%	8,6 M €	-20.5%	10,9 M €	+97.8%	5,5 M €	+10.5%	5 M €	+5.0%	4,7 M €	+21.3%	3,9 M €	+8.8%	3,6 M €	-0.6%	3,6 M €	-26.1%	4,9 M €	+10.2%	4,4 M €	+40.8%	3,2 M €	-4.1%	3,3 M €	-15.0%	3,9 M €	+48.6%	2,6 M €	+37.0%	1,9 M €	-4.7%	2 M €	+31.8%	1,5 M €	+15.8%	1,3 M €
Cash	646,2 k €	+170%	239,7 k €	+11.6%	214,8 k €	-82.3%	1,2 M €	-34.0%	1,8 M €	-6.6%	2 M €	+70.0%	1,2 M €	-6.7%	1,2 M €	+41.8%	873 k €	-33.4%	1,3 M €	+38.0%	950,2 k €	+9.3%	869,1 k €	-28.1%	1,2 M €	+109%	578,8 k €	-36.4%	910,5 k €	+15.0%	791,9 k €	+2.0%	776,7 k €	+366%	166,5 k €	-2.8%	171,2 k €
Debts	6,6 M €	+1.4%	6,5 M €	-10.2%	7,3 M €	+246%	2,1 M €	+20.3%	1,7 M €	-8.8%	1,9 M €	-2.6%	2 M €	+0.4%	2 M €	+1.8%	1,9 M €	-48.4%	3,7 M €	+37.6%	2,7 M €	+106%	1,3 M €	-19.9%	1,6 M €	-21.4%	2,1 M €	+62.1%	1,3 M €	+45.3%	886,9 k €	-17.8%	1,1 M €	+5.4%	1 M €	+3.5%	988,7 k €
Other
Workforce	89,0 ETP	-6.5%	95,2 ETP	-2.0%	97,1 ETP	+11.4%	87,2 ETP	+5.6%	82,6 ETP	-8.8%	90,6 ETP	+4.3%	86,9 ETP	+5.0%	82,8 ETP	+4.2%	79,5 ETP	+15.7%	68,7 ETP	+0.7%	68,2 ETP	-0.3%	68,4 ETP	-3.1%	70,6 ETP	-3.2%	72,9 ETP	+14.4%	63,7 ETP	+7.1%	59,5 ETP	-8.6%	65,1 ETP	+4.2%	62,5 ETP	+6.5%	58,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

Suzanne Pauwels

Director · since 01 octobre 2025 · until 31 mars 2028

Active

Tom De fauw

Director · since 01 octobre 2025 · until 31 mars 2028

Active

Ended mandates

Suzanne Pauwels

Director · since 01 avril 2024 · until 31 mars 2028

Ended

Tom De Fauw

Director · since 01 avril 2024 · until 31 mars 2028

Ended

CIS

Director · since 01 juillet 2023 · until 27 mai 2025 · 0867.745.172

Represented by Francis GEERAERT

Ended

CIS

Director · since 01 juillet 2023 · until 30 juin 2027 · 0867.745.172

Represented by Francis GEERAERT

Ended

Annual accounts

Full financial information

	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	11/09/2026	04/09/2025	26/06/2024	18/07/2023	23/06/2022	23/06/2021
General meeting	11/09/2026	29/08/2025	10/06/2024	17/07/2023	10/06/2022	11/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	11/09/2026	11/09/2026	Dutch	PDF
Full model	31/12/2024	29/08/2025	04/09/2025	Dutch	PDF
Full model	31/12/2023	10/06/2024	26/06/2024	Dutch	PDF
Full model	31/12/2022	17/07/2023	18/07/2023	Dutch	PDF
Full model	31/12/2021	10/06/2022	23/06/2022	Dutch	PDF
Full model	31/12/2020	11/06/2021	23/06/2021	Dutch	PDF
Full model	31/12/2019	12/06/2020	18/06/2020	Dutch	PDF
Full model	31/12/2018	14/06/2019	21/06/2019	Dutch	PDF
Full model	31/12/2017	08/06/2018	12/07/2018	Dutch	PDF
Full model	31/12/2016	09/06/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	09/06/2016	11/07/2016	Dutch	PDF
Full model	31/12/2014	09/06/2015	16/06/2015	Dutch	PDF
Full model	31/12/2013	09/06/2014	11/07/2014	Dutch	PDF
Full model	31/12/2012	10/06/2013	02/08/2013	Dutch	PDF
Full model	31/12/2011	09/06/2012	14/08/2012	Dutch	PDF
Full model	31/12/2010	09/06/2011	10/08/2011	Dutch	PDF
Full model	31/12/2009	09/06/2010	12/07/2010	Dutch	PDF
Full model	31/12/2008	09/06/2009	17/07/2009	Dutch	PDF
Full model	31/12/2007	09/06/2008	31/07/2008	Dutch	PDF
Full model	31/12/2006	15/06/2007	13/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

Suzanne Pauwels

Director · since 01 octobre 2025 · until 31 mars 2028

Active

Tom De fauw

Director · since 01 octobre 2025 · until 31 mars 2028

Active

Ended mandates

Suzanne Pauwels

Director · since 01 avril 2024 · until 31 mars 2028

Ended

Tom De Fauw

Director · since 01 avril 2024 · until 31 mars 2028

Ended

CIS

Director · since 01 juillet 2023 · until 27 mai 2025 · 0867.745.172

Represented by Francis GEERAERT

Ended

CIS

Director · since 01 juillet 2023 · until 30 juin 2027 · 0867.745.172

Represented by Francis GEERAERT

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/01/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates27/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/05/2023
BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202533,4 k €↑
2025
Name changeACE Belgium
2024
Annual accounts 2024-1,5 M €↓
2023
Annual accounts 2023425,5 k €↑
2022
Annual accounts 2022-23,3 k €↓
2022
Name changeA.C.E. Belgium
2021
Annual accounts 2021133 k €↓
2021
Name changeACE
2019
Annual accounts 2019980,4 k €↑
2018
Annual accounts 2018460 k €↑
2017
Annual accounts 2017386,4 k €↓
2016
Annual accounts 2016430,3 k €↓
2015
Annual accounts 2015453 k €↑
2014
Annual accounts 2014316,4 k €↑
2013
Annual accounts 2013154 k €↓
2012
Annual accounts 2012370,9 k €↓
2011
Annual accounts 2011459,1 k €↑
2010
Annual accounts 2010308,3 k €↑
2009
Annual accounts 2009133,3 k €↓
2008
Annual accounts 2008443,4 k €↑
2007
Annual accounts 2007377,8 k €↑
2006
Annual accounts 2006237,9 k €
19/09/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

A.C.E. Belgium

Overview

What does A.C.E. Belgium do?

Trend over 19 financial years

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