AC Masters
ActiveThe computed 12-month bankruptcy probability of AC Masters is 3.1% (moderate). The 2025 annual accounts show negative equity (€-21k) and a net result of €-4k. Equity is shrinking by ~41.2% per year across the filed fiscal years. Its solvency ranks better than 6% of 27451 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
24
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-44
Solvency0=
Growth22=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78 against 0.71 in 2024; short-term debt: 125.8% and cash: 16.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
-25.8%
Return on assets
-4.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-21k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 6 filingsDeviation from the deadline
2025
29 d late
2024
30 d late
2023
30 d late
2022
38 d early
2021
59 d late
2020
12 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€201k▼ 9.8%
2021 · €222k
2021: €222k
2021 → 2022
EBIT margin
1.5%▼ 1.2pp
2021 · 2.7%
2021: 2.7%
2021 → 2022
Net result
€-4k
2024 · €1k
2020: €5k
2021: €4k
2022: €784
2023: €-30k
2024: €1k
2020 → 2025
Working capital
€-23k▼ 6.6%
2024 · €-21k
2020: €6k
2021: €11k
2022: €6k
2023: €-25k
2024: €-21k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€222k-€201k▼ 9.8%
Equity€11k-€12k▲ 7.3%€-19k€-18k▲ 6.9%€-21k▼ 20.0%
Operating result€6k-€3k▼ 49.0%€-29k€2k€-2k
Net result€4k-€784▼ 81.8%€-30k€1k€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81k
Fixed assets
€2k▼ 53.7%
Current assets
€80k▲ 52.2%
Key figures and ratios
EBITDA
€-279▼
2024 · €4k
Cash flow
€-1k▼
2024 · €3k
Solvency
-25.8%▲
2024 · -31.2%
Current ratio
0.78▲
2024 · 0.71
Quick ratio
0.78▲
2024 · 0.71
Debt / equity
-4.87▼
2024 · -4.21
ROA
-4.3%▼
2024 · 2.3%
Interest coverage
-0.25▼
2024 · 4.19
Debt
€102k▲
2024 · €74k
Debt ≤ 1 year
€102k▲
2024 · €74k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€56k€81k▲
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€2k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€1k€464▼
Current assets29/58€52k€80k▲
Amounts receivable within one year40/41€41k€66k▲
Trade receivables40€41k€66k▲
Other amounts receivable41€599€37▼
Cash at bank and in hand54/58€11k€13k▲
Equity and liabilities
Total equity and liabilities10/49€56k€81k▲
Equity10/15€-18k€-21k▼
Contributions10/11€1k€1k=
Profit (loss) carried forward14€-19k€-22k▼
Amounts payable17/49€74k€102k▲
Amounts payable within one year42/48€74k€102k▲
Trade debts44€27k€67k▲
Suppliers440/4€27k€67k▲
Taxes, remuneration and social security45€953-
Taxes450/3€953-
Other amounts payable47/48€46k€36k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€162-
Gross operating margin9900€4k€-279▼
Operating profit (loss)9901€2k€-2k▼
Financial income75/76B€142€1▼
Recurring financial income75€142€1▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€1k€-4k▼
Profit (loss) for the period9904€1k€-4k▼
Profit (loss) for the period to be appropriated9905€1k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-22k▼
Profit (loss) brought forward from the previous period14P€-20k€-19k▲
The notes to these accounts (6 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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-30k ▼3969%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Balen · 1 establishment unit since 2019
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.
Hulsen 302490 BalenGround area
514 m²
Building footprint
104 m²
Volume, LiDAR
583 m³
Parcel 13003E2302/00A000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AC Masters
since 20192.294.769.976
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13003E2302/00A000 | Flanders | 514 m² | 1 · 104 m² | 9.4 m · 2 fl. |
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.
Similar companies · same sector, comparable size
VDT Projects
BE 0524.842.254
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BOUWHEER DEVELOPMENT GROUP
BE 0881.682.191
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ALVES & TEIXEIRA
BE 0597.666.983
Brussel · Eq €12k
Laurens Horré
BE 0756.574.066
Izegem · Eq €12k
Kim Stessens
BE 0765.969.507
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Of 4,010 companies in sector 43310 we hold annual accounts for 1,745. 1,114 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-09-2019
Fiscal year end31-12
Activities, NACEBEL
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.