AC Active Construction
ActiveSummary
AC Active Construction has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137,170 and a net result of €170,430. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 24% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+12
Solvency39▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.88 against 0.6 in 2024; short-term debt: 50.3% of total assets), and 85.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 2025Solvency, return and age of the figures
Solvency
14.2%
Return on assets
17.7%
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 24% of 10485 sector peers (2025).
NBB · sector comparisonPosition among 10485 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
8 d late
2023
79 d late
2022
31 d early
2021
3 d early
2020
31 d late
2019
252 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 45 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€137,170
2024 · -€33,259
Total assets
€964,139▲ 14.7%
2024 · €840,938
Net result
€170,430▲ 74.2%
2024 · €97,845
Working capital
-€57,677▲ 72.1%
2024 · -€206,771
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Operating result€17,642▼ 45.1%-€35,720€46,215€121,662▲ 163%€202,627▲ 66.5%
Net result€20,226within the sector's middle half▼ 23.6%-€37,890below the sector's middle half€43,132above the sector's middle half€97,845above the sector's middle half▲ 127%€170,430above the sector's middle half▲ 74.2%
Equity-€136,347below the sector's middle half▲ 12.9%-€174,237below the sector's middle half▼ 27.8%-€131,104below the sector's middle half▲ 24.8%-€33,259below the sector's middle half▲ 74.6%€137,170within the sector's middle half
Total assets€129,276within the sector's middle half▼ 4.5%€211,157within the sector's middle half▲ 63.3%€688,430above the sector's middle half▲ 226%€840,938above the sector's middle half▲ 22.2%€964,139within the sector's middle half▲ 14.7%
Debt€200,410▼ 11.6%€320,180▲ 59.8%€766,097▲ 139%€823,713▲ 7.5%€779,965▼ 5.3%
Working capital-€71,134▲ 22.1%-€119,718▼ 68.3%-€264,989▼ 121%-€206,771▲ 22.0%-€57,677▲ 72.1%
Solvency-105.5%below the sector's middle half▲ 10.2pp-82.5%below the sector's middle half▲ 23.0pp-19.0%below the sector's middle half▲ 63.5pp-4.0%below the sector's middle half▲ 15.1pp14.2%below the sector's middle half▲ 18.2pp
Staff (FTE)0.311below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 67% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €964,139
Fixed assets
€537,173 ▲ 1.6%
Current assets
€426,966 ▲ 36.7%
Equity and liabilities €964,139
Equity
€137,170
Provisions
€47,004
Debt
€779,965
Debt finances 80.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€236,976▲
2024 · €146,661
Cash flow
€204,779▲
2024 · €122,844
Current ratio
0.88▲
2024 · 0.60
Quick ratio
0.13▼
2024 · 0.13
Debt to equity
5.69▲
2024 · -24.77
ROE
124.2%
ROA
17.7%▲
2024 · 11.6%
Interest coverage
7.81▲
2024 · 5.51
Debt ≤ 1 year
€484,643▼
2024 · €519,163
Debt > 1 year
€295,321▼
2024 · €304,550
Income taxes
€5,354▲
2024 · €170
Staff costs
€78,859▲
2024 · €75,629
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 3,811 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €18,651 | €75,520 | €75,629 | €78,859 | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €646 | €64,718 | €24,999 | €34,349 | ▲ 37.4% |
| Other operating charges640/8 | €62 | €143 | €2,886 | €6,616 | €7,028 | ▲ 6.2% |
| Gross operating margin9900 | €17,704 | -€16,281 | €189,339 | €228,905 | €322,863 | ▲ 41.0% |
| Operating profit (loss)9901 | €17,642 | -€35,720 | €46,215 | €121,662 | €202,627 | ▲ 66.5% |
| Financial income75/76B | €3,082 | €0 | €0 | €0 | €1 | ▲ 633% |
| Recurring financial income75 | €6 | €0 | €0 | €0 | €1 | ▲ 633% |
| Non-recurring financial income76B | €3,076 | €0 | - | - | - | - |
| Financial charges65/66B | €499 | €1,987 | €14,689 | €26,601 | €30,324 | ▲ 14.0% |
| Recurring financial charges65 | €499 | €1,987 | €14,689 | €26,601 | €30,324 | ▲ 14.0% |
| Profit (loss) for the period before taxes9903 | €20,226 | -€37,707 | €31,526 | €95,061 | €172,304 | ▲ 81.3% |
| Transfer from deferred taxes780 | - | - | €11,775 | €2,954 | €3,480 | ▲ 17.8% |
| Income taxes67/77 | - | €183 | €170 | €170 | €5,354 | ▲ 3,059% |
| Profit (loss) for the period9904 | €20,226 | -€37,890 | €43,132 | €97,845 | €170,430 | ▲ 74.2% |
| Transfer from tax-exempt reserves789 | - | - | €35,326 | €8,861 | €10,440 | ▲ 17.8% |
| Profit (loss) for the period to be appropriated9905 | €20,226 | -€37,890 | €78,458 | €106,706 | €180,869 | ▲ 69.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €129,276 | €211,157 | €688,430 | €840,938 | €964,139 | ▲ 14.7% |
| Fixed assets21/28 | - | €10,695 | €500,481 | €528,546 | €537,173 | ▲ 1.6% |
| Intangible fixed assets21 | - | - | - | €2,029 | €1,337 | ▼ 34.1% |
| Tangible fixed assets22/27 | - | €10,695 | €500,481 | €526,517 | €535,836 | ▲ 1.8% |
| Land and buildings22 | - | - | €450,484 | €469,800 | €462,166 | ▼ 1.6% |
| Plant, machinery and equipment23 | - | €932 | €24,872 | €25,249 | €50,694 | ▲ 101% |
| Furniture and vehicles24 | - | €9,763 | €25,125 | €31,469 | €22,977 | ▼ 27.0% |
| Current assets29/58 | €129,276 | €200,462 | €187,949 | €312,392 | €426,966 | ▲ 36.7% |
| Stocks and contracts in progress3 | €90,187 | €122,824 | €127,204 | €244,517 | €366,097 | ▲ 49.7% |
| Stocks30/36 | €90,187 | €122,824 | €127,204 | €244,517 | €366,097 | ▲ 49.7% |
| Amounts receivable within one year40/41 | €39,089 | €77,638 | €60,745 | €66,798 | €60,869 | ▼ 8.9% |
| Trade receivables40 | €39,089 | €56,879 | €60,745 | €66,748 | €53,224 | ▼ 20.3% |
| Other amounts receivable41 | - | €20,759 | €0 | €50 | €7,646 | ▲ 15,280% |
| Deferred charges and accrued income490/1 | - | - | - | €1,077 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €129,276 | €211,157 | €688,430 | €840,938 | €964,139 | ▲ 14.7% |
| Equity10/15 | -€136,347 | -€174,237 | -€131,104 | -€33,259 | €137,170 | ▲ 512% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €161,450 | €161,450 | €126,124 | €117,264 | €106,824 | ▼ 8.9% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €155,250 | €155,250 | €119,924 | €111,064 | €100,624 | ▼ 9.4% |
| Profit (loss) carried forward14 | -€359,797 | -€397,687 | -€319,229 | -€212,523 | -€31,654 | ▲ 85.1% |
| Provisions and deferred taxes16 | €65,213 | €65,213 | €53,438 | €50,484 | €47,004 | ▼ 6.9% |
| Deferred taxes168 | €65,213 | €65,213 | €53,438 | €50,484 | €47,004 | ▼ 6.9% |
| Amounts payable17/49 | €200,410 | €320,180 | €766,097 | €823,713 | €779,965 | ▼ 5.3% |
| Amounts payable after more than one year17 | - | - | €313,159 | €304,550 | €295,321 | ▼ 3.0% |
| Financial debts170/4 | - | - | €313,159 | €304,550 | €295,321 | ▼ 3.0% |
| Amounts payable within one year42/48 | €200,410 | €320,180 | €452,938 | €519,163 | €484,643 | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | - | - | €8,031 | €8,609 | €9,229 | ▲ 7.2% |
| Financial debts43 | €26,506 | €25,111 | €29,318 | €30,299 | €19,281 | ▼ 36.4% |
| Credit institutions430/8 | €26,506 | €25,111 | €29,318 | €30,299 | €19,281 | ▼ 36.4% |
| Trade debts44 | €30,235 | €147,897 | €142,066 | €18,251 | €25,438 | ▲ 39.4% |
| Suppliers440/4 | €30,235 | €147,897 | €142,066 | €18,251 | €25,438 | ▲ 39.4% |
| Advances received on contracts in progress46 | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €4,347 | €23,686 | €61,834 | €51,958 | €49,804 | ▼ 4.1% |
| Taxes450/3 | €4,347 | €13,646 | €43,887 | €21,864 | €36,643 | ▲ 67.6% |
| Remuneration and social security454/9 | - | €10,040 | €17,947 | €30,094 | €13,161 | ▼ 56.3% |
| Other amounts payable47/48 | €139,322 | €123,486 | €211,689 | €410,047 | €380,892 | ▼ 7.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,226 | -€37,890 | €43,132 | €97,845 | €170,430 | ▲ 74.2% |
| + Depreciation and write-downs630 | - | €646 | €64,718 | €24,999 | €34,349 | ▲ 37.4% |
| Operating cash flow (approximation) | €20,226 | -€37,244 | €107,850 | €122,844 | €204,779 | ▲ 66.7% |
| Investment in fixed assets (approximation) | - | - | -€554,504 | -€53,064 | -€42,976 | ▲ 19.0% |
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
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €170,430 ▲74.2%
Operating result €202,627, net result €170,430, both a record.
31-12
Financial
Equity above €100,000Eq €137,170
3 profitable years in a row build equity to €137,170.
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 79 days late
2023
31-12
Financial
Back to profitnet €43,132
Net result €43,132 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
09-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 252 days late
10-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 588 days late
2020
31-12
Financial
Back to profitnet €26,478
Net result €26,478 after 2 loss-making years.
Show earlier events
2019
31-12
Financial
Liquidity triplescurrent ratio 1.00
Current ratio from 0.35 to 1.00; short-term debt falls from €465,590 to €141,519.
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 85 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Tongeren-Borgloon · 1 establishment unit since 2006
Ground area
1,211 m²
Building footprint
191 m²
Volume, LiDAR
1,073 m³
Parcel 73093A0151/00A002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AC Active Construction
since 20062.152.293.606
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73093A0151/00A002 | Flanders | 1,211 m² | 1 · 191 m² | 9.3 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 10,734 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 10,734 EUR | 0 EUR |
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Of 1,465 companies in sector 47632 we hold annual accounts for 733. 643 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
Founded20-02-2006
Fiscal year end31-12
Activities, NACEBEL 2025
46495Wholesale trade
47632Retail sale of bicycles
47639Retail sale of other sporting goods
55100Hotels and similar accommodation
55203Holiday cottages, homes and apartments
68201Renting and operating of own or leased residential real estate, excluding social housing
79901Tourist information services
85510Sports and recreation education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879539877
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.