Equity
€56,653 from €98,046 in 2023
Equity fell by 42% in 2 years.
A.C.F. MOUSCRON
Lifetime
19 annual accounts with figures on one time axis, 23 filings since 2003peak €76,316 (2025)
€76,316▲ 554%
lowest -€39,843 (2024)
-€1,550▲ €38,293
peak €98,046 (2023)
€56,653▼ 2.7%
€693,329▼ 2.1%
peak 1.1 FTE (2008)
-not published
Board3 names since 2021
1 directorKCF WAPI
Documentsfilings and deeds
31-10-2025on the last day
2025micro format
Gross margin from €11,663 to €76,316Loss of €1,550Cash from €11,842 to €17,608
Key points
from the 2025 annual accountsLosses
-€41,393 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Turnover
≈ €410,000 estimated
The micro format states no turnover.
Debts
€693,329 92% of the balance sheet
Financial debts 61%Suppliers 19%Other 19%
Of this, €170,513 falls due within a year.
Filings
23 annual accounts 8 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Position in the sector
€749,982
Larger balance sheet than 88% of companies in wholesale trade. Sector median €172,824 · 13,794 companies.
Checked score
79
Excellent
Financially stronger than 34% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,892 companies (NACE 46, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.6%▼ -0.1 percentage points vs 08-2025
10-2025: 0.8%▲ +0.2 percentage points vs 09-2025
11-2025: 1.1%▲ +0.3 percentage points vs 10-2025highest value
12-2025: 0.2%▼ -0.9 percentage points vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026lowest value
04-2026: 0.2%● unchanged vs 03-2026lowest value
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.5%▲ +0.3 percentage points vs 09-2026
11-2026: 0.6%▲ +0.1 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2025 (filed on 04-11-2025)
Equity €56,653 (7.6% of total assets)
lowers risk
Size: total assets €749,982
Founded in 2002
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 21% of them on solvency, 44% on liquidity, 38% on profitability and 35% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,104 companies had the same profile as A.C.F. MOUSCRON has now. Each dot stands for 3 companies, two years later.
94.2%
were still trading
3.6%
stopped another way
1.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of A.C.F. MOUSCRON itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,104 companies, not a prediction for A.C.F. MOUSCRON. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.23 (0.21 in 2024), below 1. Short-term debt is 22.7% and cash 2.3% of total assets. 92.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€1,550
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 13785 sector peers (2025).
NBB · sector comparisonPosition among 13785 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
on the day
2024
31 days early
2023
1 day early
2022
56 days late
2021
58 days late
2020
90 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 29 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- FRANCOIS Christian 50 sharesdeed of 16-02-2022
- FRANCOIS David 12 sharesdeed of 16-02-2022
- KCF WAPI 50 sharesdeed of 16-02-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0477297903
1 director resigning, 1 reappointment
Reappointment: KCF WAPI (sole director) · Permanent representative: FRANCOIS David Christian · Resignation: KCF WAPI (managing director) · Gazette deed
Registered office moved within Mouscron
Transfer of 50 shares from FRANCOIS Christian to KCF WAPI · New registered office: Avenue des Douves 10 à 7700 Mouscron · Previous registered office: rue Raymond Beaucarne 58 à 7700 Mouscron · General meeting of 07-01-2021 · Gazette deed
First establishment
A.C.F. MOUSCRON SA, Plavitoutstraat 87, Mouscron
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| A.C.F. MOUSCRON Mouscron | €749,982 | €76,316 | 7.6% | - |
| TG Vloerverwarming Antwerp | €594,523 | €76,849 | 31.0% | - |
| MK DECO Schaerbeek | €861,000 | €101,761 | 79.8% | - |
| BRIESCO La Louvière | €486,539 | €123,876 | 86.2% | - |
| Wick Trading Company BVBA Lier | €641,565 | €106,415 | 7.2% | 1.3 |
| COMPACT HEAT EXCHANGER COMPANY Keerbergen | €614,273 | €94,904 | 19.6% | 0.8 |
| BEDICOM Beerse | €901,837 | €129,339 | 8.6% | 3.1 |
These companies have the same main activity as A.C.F. MOUSCRON: wholesale trade (NACE 46842). They are comparable in size and age: total assets between €487,000 and €902,000, founded between 1997 and 2008.
Official details
Source: KBO- Status
- Active since 10-04-2002Normal situation
- Activity
- Wholesale tradeNACE 46842
- Establishment unit
- 2.099.022.2937700 Mouscron, since 15-05-2002
- Financial year end
- 31 March
- Peppol
- Reachable since 25-11-2025
Insights on A.C.F. MOUSCRON
A.C.F. MOUSCRON files the micro format. That format states no turnover. The gross margin rose from €34,021 in 2007 to €76,316 in 2025.
The balance sheet grew most in 2024 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about A.C.F. MOUSCRON
- What is the company number of A.C.F. MOUSCRON?
- The company number of A.C.F. MOUSCRON is 0477.297.903. The VAT number is the same number with BE in front: BE 0477.297.903.
- Where is A.C.F. MOUSCRON based?
- The registered office is at Slotenlaan 10, 7700 Mouscron.Company details
- What does A.C.F. MOUSCRON do?
- According to the KBO register, the main activity is wholesale trade (NACE 46842).
- What is the legal form of A.C.F. MOUSCRON?
- A.C.F. MOUSCRON is a public limited company (NV).
- When was A.C.F. MOUSCRON founded?
- A.C.F. MOUSCRON was founded on 10-04-2002.
- Is A.C.F. MOUSCRON still active?
- Yes, A.C.F. MOUSCRON is an active enterprise in the KBO register.
- What is the turnover of A.C.F. MOUSCRON?
- The turnover in financial year 2025 is ≈ €410,000. This figure is estimated from the gross margin of €76,316 and 106 comparable companies (NACE 46). It probably lies between €200,000 and €720,000.Financials
- Is A.C.F. MOUSCRON profitable?
- In financial year 2025, A.C.F. MOUSCRON made a loss of €1,550.
- Where can I find the annual accounts of A.C.F. MOUSCRON?
- A.C.F. MOUSCRON filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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