A.C. PROJECT
ActiveSummary
A.C. PROJECT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €372,324 and a net result of €117,846. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 95% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency100=
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
cash: 1.7% of total assets, and 0% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
100%
Return on assets
31.7%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €372,324
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 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
36 d early
2022
45 d late
2021
34 d early
2020
32 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€372,324▲ 46.3%
2023 · €254,477
Total assets
€372,324▲ 36.7%
2023 · €272,319
Net result
€117,846
2023 · -€42,159
Working capital
€58,272▼ 31.6%
2022 · €85,189
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€2,540▼ 44.9%€8,680▲ 242%-€18,308-€42,159▼ 130%€111,055
Net result€5,835within the sector's middle half▼ 23.2%€8,603within the sector's middle half▲ 47.4%-€18,308below the sector's middle half-€42,159below the sector's middle half▼ 130%€117,846above the sector's middle half
Equity€306,341above the sector's middle half▲ 1.9%€314,944above the sector's middle half▲ 2.8%€296,636above the sector's middle half▼ 5.8%€254,477above the sector's middle half▼ 14.2%€372,324above the sector's middle half▲ 46.3%
Total assets€309,257above the sector's middle half▲ 0.4%€322,327above the sector's middle half▲ 4.2%€306,588above the sector's middle half▼ 4.9%€272,319within the sector's middle half▼ 11.2%€372,324above the sector's middle half▲ 36.7%
Debt€2,916▼ 61.3%€7,383▲ 153%€9,952▲ 34.8%€17,841▲ 79.3%
Working capital€102,885▲ 9.7%€98,337▼ 4.4%€85,189▼ 13.4%€58,272▼ 31.6%
Solvency99.1%above the sector's middle half▲ 1.5pp97.7%above the sector's middle half▼ 1.3pp96.8%above the sector's middle half▼ 1.0pp93.4%above the sector's middle half▼ 3.3pp100.0%above the sector's middle half▲ 6.6pp
Staff (FTE)0.4below the sector's middle half=0.7▲ 75.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €111,055 after a loss of €42,159 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €372,324
Fixed assets
€104,101 ▼ 46.9%
Current assets
€268,223 ▲ 252%
Key figures and ratios
EBITDA
€122,360▲
2023 · -€15,288
Cash flow
€129,151▲
2023 · -€15,288
ROE
31.7%▲
2023 · -16.6%
ROA
31.7%▲
2023 · -15.5%
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €20,000 | - | €2,500 | €280,688 | ▲ 11,128% |
| Remuneration, social security and pensions62 | - | €7,674 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,290 | €18,178 | €23,193 | €26,871 | €11,305 | ▼ 57.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €87,985 | - |
| Gross operating margin9900 | €28,842 | €34,533 | €4,885 | -€15,288 | €210,344 | ▲ 1,476% |
| Operating profit (loss)9901 | €2,540 | €8,680 | -€18,308 | -€42,159 | €111,055 | ▲ 363% |
| Financial income75/76B | - | - | - | - | €6,792 | - |
| Recurring financial income75 | €3,950 | - | - | - | €6,792 | - |
| Financial charges65/66B | - | €77 | €0 | - | - | - |
| Recurring financial charges65 | €654 | €77 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €5,835 | €8,603 | -€18,308 | -€42,159 | €117,846 | ▲ 380% |
| Profit (loss) for the period9904 | €5,835 | €8,603 | -€18,308 | -€42,159 | €117,846 | ▲ 380% |
| Profit (loss) for the period to be appropriated9905 | €5,835 | €8,603 | -€18,308 | -€42,159 | €117,846 | ▲ 380% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €309,257 | €322,327 | €306,588 | €272,319 | €372,324 | ▲ 36.7% |
| Fixed assets21/28 | €203,456 | €216,607 | €211,447 | €196,205 | €104,101 | ▼ 46.9% |
| Tangible fixed assets22/27 | €203,456 | €216,607 | €211,447 | €196,205 | €104,101 | ▼ 46.9% |
| Land and buildings22 | - | €203,070 | €187,135 | €175,969 | €85,169 | ▼ 51.6% |
| Plant, machinery and equipment23 | - | €13,538 | €24,313 | €20,236 | €18,932 | ▼ 6.4% |
| Current assets29/58 | €105,801 | €105,719 | €95,141 | €76,114 | €268,223 | ▲ 252% |
| Stocks and contracts in progress3 | €53,000 | €66,000 | €64,200 | €38,573 | €570 | ▼ 98.5% |
| Stocks30/36 | - | €53,000 | €64,200 | €32,500 | €570 | ▼ 98.2% |
| Contracts in progress37 | - | €13,000 | - | €6,073 | - | - |
| Amounts receivable within one year40/41 | €51,813 | €18,043 | €25,526 | €29,044 | €261,367 | ▲ 800% |
| Other amounts receivable41 | - | €18,043 | €25,526 | €29,044 | €261,367 | ▲ 800% |
| Cash at bank and in hand54/58 | €988 | €21,677 | €5,414 | €8,497 | €6,286 | ▼ 26.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €309,257 | €322,327 | €306,588 | €272,319 | €372,324 | ▲ 36.7% |
| Equity10/15 | €306,341 | €314,944 | €296,636 | €254,477 | €372,324 | ▲ 46.3% |
| Contributions10/11 | €545,000 | €545,000 | €545,000 | €545,000 | €545,000 | = |
| Capital10 | - | €545,000 | €545,000 | €545,000 | €545,000 | = |
| Issued capital100 | - | €545,000 | €545,000 | €545,000 | €545,000 | = |
| Profit (loss) carried forward14 | -€238,659 | -€230,056 | -€248,364 | -€290,523 | -€172,676 | ▲ 40.6% |
| Amounts payable17/49 | €2,916 | €7,383 | €9,952 | €17,841 | - | - |
| Amounts payable within one year42/48 | €2,916 | €7,383 | €9,952 | €17,841 | - | - |
| Trade debts44 | €416 | €913 | €177 | €4,826 | - | - |
| Suppliers440/4 | - | €913 | €177 | €4,826 | - | - |
| Other amounts payable47/48 | - | €6,470 | €9,775 | €13,016 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,835 | €8,603 | -€18,308 | -€42,159 | €117,846 | ▲ 380% |
| + Depreciation and write-downs630 | €18,290 | €18,178 | €23,193 | €26,871 | €11,305 | ▼ 57.9% |
| Operating cash flow (approximation) | €24,125 | €26,782 | €4,885 | -€15,288 | €129,151 | ▲ 945% |
| Investment in fixed assets (approximation) | - | -€31,330 | -€18,033 | -€11,629 | €80,799 | ▲ 795% |
| Change in cash | - | €20,689 | -€16,263 | €3,082 | -€2,210 | ▼ 172% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €117,846
Net result €117,846 after 2 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€42,159
Net result drops to -€42,159, the lowest in the series; recovery starts the following year.
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 45 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 36.29
Current ratio from 13.45 to 36.29; short-term debt falls from €7,536 to €2,916.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 5current ratio 13.45
Current ratio from 2.52 to 13.45; short-term debt falls from €30,043 to €7,536.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
07-07
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Wommelgem · 1 establishment unit since 2004
Ground area
1,088 m²
Building footprint
171 m²
Volume, LiDAR
1,031 m³
Parcel 11052A0207/00V003, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
A.C. PROJECT
since 20042.137.354.121
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052A0207/00V003 | Flanders | 1,088 m² | 1 · 171 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Bruynseels Constant
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Of 913 companies in sector 43333 we hold annual accounts for 400. 284 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43333Wallpapering and laying of floor and wall coverings in other materials
33190Repair, maintenance and installation of machinery and equipment
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477903261
Also
9925:BE0477903261
Registered
14-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.