AC BELGIUM
ActiveSummary
AC BELGIUM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-4k) and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+37
Solvency21▲+2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.98 in 2024; short-term debt: 72.9% and cash: 7.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-3.9%
Return on assets
5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
11 d late
2023
27 d late
2022
19 d early
2021
5 d late
2020
25 d late
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-4k▲ 56.2%
2024 · €-10k
2018: €11k
2019: €31k
2020: €-4k
2021: €-54k
2022: €5k
2023: €-6k
2024: €-10k
2018 → 2025
Total assets
€110k▼ 29.9%
2024 · €157k
2018: €72k
2019: €65k
2020: €87k
2021: €51k
2022: €109k
2023: €133k
2024: €157k
2018 → 2025
Net result
€5k
2024 · €-4k
2018: €5k
2019: €20k
2020: €-33k
2021: €-50k
2022: €58k
2023: €-10k
2024: €-4k
2018 → 2025
Working capital
€-20k▼ 773%
2024 · €-2k
2018: €22k
2019: €24k
2020: €-10k
2021: €-38k
2022: €-3k
2023: €-15k
2024: €-2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-54k-€5k€-6k€-10k▼ 68.5%€-4k▲ 56.2%
Operating result€-45k-€61k€-5k€5k€15k▲ 220%
Net result€-50k-€58k€-10k€-4k▲ 61.8%€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 220% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €110k
Fixed assets
€49k ▲ 21.8%
Current assets
€60k ▼ 48.0%
Key figures and ratios
EBITDA
€28k▲
2024 · €12k
Cash flow
€18k▲
2024 · €4k
Solvency
-3.9%▲
2024 · -6.2%
Current ratio
0.75▼
2024 · 0.98
Debt to equity
-26.80▼
2024 · -17.12
ROA
5.0%▲
2024 · -2.5%
Interest coverage
5.98▲
2024 · 2.65
Debt
€114k▼
2024 · €166k
Debt ≤ 1 year
€80k▼
2024 · €118k
Debt > 1 year
€34k▼
2024 · €48k
Income taxes
€5k▲
2024 · €4k
Staff costs
€114k▲
2024 · €98k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€157k€110k▼
Fixed assets21/28€41k€49k▲
Tangible fixed assets22/27€41k€49k▲
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€4k€21k▲
Leasing and similar rights25€37k€29k▼
Current assets29/58€116k€60k▼
Amounts receivable within one year40/41€106k€52k▼
Trade receivables40€106k€52k▼
Cash at bank and in hand54/58€8k€8k▲
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€157k€110k▼
Equity10/15€-10k€-4k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-18k€-12k▲
Amounts payable17/49€166k€114k▼
Amounts payable after more than one year17€48k€34k▼
Financial debts170/4€48k€34k▼
Amounts payable within one year42/48€118k€80k▼
Current portion of amounts payable after more than one year42€13k€16k▲
Trade debts44€71k€30k▼
Suppliers440/4€71k€30k▼
Taxes, remuneration and social security45€31k€26k▼
Taxes450/3€22k€10k▼
Remuneration and social security454/9€9k€16k▲
Other amounts payable47/48€3k€8k▲
Income statement
Code20242025
Remuneration, social security and pensions62€98k€114k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€13k▲
Other operating charges640/8€22k€4k▼
Gross operating margin9900€132k€146k▲
Operating profit (loss)9901€5k€15k▲
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€11€10k▲
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€-4k€5k▲
Profit (loss) for the period to be appropriated9905€-4k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-12k▲
Profit (loss) brought forward from the previous period14P€-14k€-18k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €58k
Net result €58k after 2 loss-making years.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
31-12
Financial
Weakest financial yearnet €-50k
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ittre · 1 establishment unit since 2017
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.
Rue des Terres à l'Épine 61460 IttreGround area
1,108 m²
Parcel 25108B0095/00V003, Wallonia. Linked by address, not a title deed.
1 establishment unit
AC BELGIUM
since 20172.270.081.991
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25108B0095/00V003 | Wallonia | 1,108 m² | - | - |
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.
Recognitions · licences · registrations
Recognised contractor
1 categoryAC BELGIUM SRL45606
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ARES-GROUP
BE 0885.831.417
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DE JAGER
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MVL & Co
BE 1007.896.811
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 1,038 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.