Skip to content

AC WINDOWS

Active
Public limited companyfounded 20188 yrs activeGenkersteenweg 185-187, 3500 Hasselt, BelgiumKBO/BCE: BE 0688.675.056
Summary

AC WINDOWS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.1m) and a net result of -€63,472. Equity is shrinking by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 4209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.19 in 2024; short-term debt: 811.4% and cash: 4.3% of total assets), and equity is negative.
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 · 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 2025
Solvency, return and age of the figures
Solvency
-711.4%
Return on assets
-42.6%
Age of the figures
9 mo
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 · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 8 years 0 10 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€1.1m
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 23-07-2026, 8 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
8 d early
2024
6 d early
2023
61 d late
2022
12 d early
2021
45 d late
2020
81 d late
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 7 accounts on average 18 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

AC WINDOWS was incorporated on 19 January 2018.1 Total assets fell from EUR 348,461 in 2019 to EUR 148,903 in 2025 and headcount from 2.2 to 2.6 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€63,472▲ 37.6%
2024 · -€101,757
Working capital
-€1.1m▼ 6.8%
2024 · -€997,076
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-€131,123▲ 40.8%-€60,701▲ 53.7%-€170,310▼ 181%-€95,080▲ 44.2%-€56,742▲ 40.3%
Net result-€123,907below the sector's middle half▲ 44.6%-€62,810below the sector's middle half▲ 49.3%-€173,633below the sector's middle half▼ 176%-€101,757below the sector's middle half▲ 41.4%-€63,472below the sector's middle half▲ 37.6%
Equity-€657,626below the sector's middle half▼ 23.2%-€720,436below the sector's middle half▼ 9.6%-€894,069below the sector's middle half▼ 24.1%-€995,827below the sector's middle half▼ 11.4%-€1.1mbelow the sector's middle half▼ 6.4%
Total assets€235,650below the sector's middle half▼ 22.2%€239,618below the sector's middle half▲ 1.7%€298,521below the sector's middle half▲ 24.6%€239,879below the sector's middle half▼ 19.6%€148,903below the sector's middle half▼ 37.9%
Debt€893,276▲ 6.8%€960,055▲ 7.5%€1.2m▲ 24.2%€1.2m▲ 3.6%€1.2m▼ 2.2%
Working capital-€687,803▼ 16.9%-€746,208▼ 8.5%-€908,122▼ 21.7%-€997,076▼ 9.8%-€1.1m▼ 6.8%
Solvency-279.1%below the sector's middle half▼ 103.0pp-300.7%below the sector's middle half▼ 21.6pp-299.5%below the sector's middle half▲ 1.2pp-415.1%below the sector's middle half▼ 115.6pp-711.4%below the sector's middle half▼ 296.3pp
Staff (FTE)2.8within the sector's middle half▲ 12.0%2.9within the sector's middle half▲ 3.6%3.3within the sector's middle half▲ 13.8%2.6within the sector's middle half▼ 21.2%2.6below 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.
Result per fiscal year
Operating resultNet result
-€200,000-€150,000-€100,000-€50,000€0Operating result 2021: -€131,123-€131,123Net result 2021: -€123,907-€123,907Operating result 2022: -€60,701-€60,701Net result 2022: -€62,810-€62,810Operating result 2023: -€170,310-€170,310Net result 2023: -€173,633-€173,633Operating result 2024: -€95,080-€95,080Net result 2024: -€101,757-€101,757Operating result 2025: -€56,742-€56,742Net result 2025: -€63,472-€63,47220212022202320242025-€200,000-€150,000-€100,000-€50,000€0Operating result 2023: -€170,310-€170,000Net result 2023: -€173,633-€174,000Operating result 2024: -€95,080-€95,100Net result 2024: -€101,757-€102,000Operating result 2025: -€56,742-€56,700Net result 2025: -€63,472-€63,500202320242025
The operating result stays negative: a loss of €56,742 in 2025 against €95,080 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148,903
Fixed assets €5,835 ▲ 247%
Current assets €143,068 ▼ 39.9%
Key figures and ratios
2025 value · change against 2024
EBITDA
-€55,855▲
2024 · -€92,786
Cash flow
-€62,586▲
2024 · -€99,464
Current ratio
0.12▼
2024 · 0.19
Quick ratio
0.12▼
2024 · 0.18
Debt to equity
-1.14▲
2024 · -1.24
ROA
-42.6%▼
2024 · -42.4%
Interest coverage
-9.00▲
2024 · -13.18
Debt ≤ 1 year
€1.2m▼
2024 · €1.2m
Income taxes
€523▲
2024 · €473
Staff costs
€196,665▲
2024 · €193,407
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.2% went bankrupt
8.2% stopped otherwise
82% still going

A further 2.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 6,035 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€239,879€148,903▼
Fixed assets21/28€1,680€5,835▲
Tangible fixed assets22/27€1,680€5,835▲
Plant, machinery and equipment23€0-
Furniture and vehicles24€1,679€1,124▼
Other tangible fixed assets26€0€4,711▲
Current assets29/58€238,199€143,068▼
Stocks and contracts in progress3€19,075€126▼
Contracts in progress37€19,075€126▼
Amounts receivable within one year40/41€185,896€126,670▼
Trade receivables40€185,554€126,670▼
Other amounts receivable41€342€0▼
Cash at bank and in hand54/58€9,039€6,340▼
Deferred charges and accrued income490/1€24,188€9,932▼
Equity and liabilities
Total equity and liabilities10/49€239,879€148,903▼
Equity10/15-€995,827-€1.1m▼
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Profit (loss) carried forward14-€1.1m-€1.1m▼
Amounts payable17/49€1.2m€1.2m▼
Amounts payable within one year42/48€1.2m€1.2m▼
Current portion of amounts payable after more than one year42€18,045€16,937▼
Trade debts44€120,532€100,410▼
Suppliers440/4€120,532€100,410▼
Advances received on contracts in progress46€405,552€43,995▼
Taxes, remuneration and social security45€36,888€48,420▲
Taxes450/3€8,930€16,740▲
Remuneration and social security454/9€27,958€31,680▲
Other amounts payable47/48€654,257€998,440▲
Accrued charges and deferred income492/3€430€0▼
Income statement Code20242025
Remuneration, social security and pensions62€193,407€196,665▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,294€886▼
Other operating charges640/8€571€1,191▲
Non-recurring operating charges66A-€3,731
Gross operating margin9900€101,192€145,732▲
Operating profit (loss)9901-€95,080-€56,742▲
Financial income75/76B€836€0▼
Recurring financial income75€836€0▼
Financial charges65/66B€7,040€6,207▼
Recurring financial charges65€7,040€6,207▼
Profit (loss) for the period before taxes9903-€101,284-€62,949▲
Income taxes67/77€473€523▲
Profit (loss) for the period9904-€101,757-€63,472▲
Profit (loss) for the period to be appropriated9905-€101,757-€63,472▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.1m-€1.1m▼
Profit (loss) brought forward from the previous period14P-€955,569-€1.1m▼
Social balance
Average headcount (FTE)90872.62.6=

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€166,788€177,023€254,022€193,407€196,665▲ 1.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,575€27,385€12,953€2,294€886▼ 61.4%
Other operating charges640/8€6,574€8,485€1,080€571€1,191▲ 108%
Non-recurring operating charges66A----€3,731-
Gross operating margin9900€66,814€152,192€97,745€101,192€145,732▲ 44.0%
Operating profit (loss)9901-€131,123-€60,701-€170,310-€95,080-€56,742▲ 40.3%
Financial income75/76B€10,830€554€50€836€0▼ 100%
Recurring financial income75€10,830€554€50€836€0▼ 100%
Financial charges65/66B€2,975€2,317€2,735€7,040€6,207▼ 11.8%
Recurring financial charges65€2,975€2,317€2,735€7,040€6,207▼ 11.8%
Profit (loss) for the period before taxes9903-€123,268-€62,464-€172,996-€101,284-€62,949▲ 37.8%
Income taxes67/77€638€346€637€473€523▲ 10.6%
Profit (loss) for the period9904-€123,907-€62,810-€173,633-€101,757-€63,472▲ 37.6%
Profit (loss) for the period to be appropriated9905-€123,907-€62,810-€173,633-€101,757-€63,472▲ 37.6%
Line20212022202320242025Change
Assets
Total assets20/58€235,650€239,618€298,521€239,879€148,903▼ 37.9%
Formation expenses20€299€14€0---
Fixed assets21/28€29,878€25,757€14,052€1,680€5,835▲ 247%
Tangible fixed assets22/27€29,878€25,757€14,052€1,680€5,835▲ 247%
Plant, machinery and equipment23€3,954€2,254€554€0--
Furniture and vehicles24€2,869€20,060€12,858€1,679€1,124▼ 33.1%
Other tangible fixed assets26€23,054€3,443€641€0€4,711▲ 961,365%
Current assets29/58€205,473€213,847€284,468€238,199€143,068▼ 39.9%
Stocks and contracts in progress3€17,629€4,938€7,068€19,075€126▼ 99.3%
Contracts in progress37€17,629€4,938€7,068€19,075€126▼ 99.3%
Amounts receivable within one year40/41€125,498€181,810€135,397€185,896€126,670▼ 31.9%
Trade receivables40€123,532€177,331€133,574€185,554€126,670▼ 31.7%
Other amounts receivable41€1,966€4,478€1,823€342€0▼ 100%
Cash at bank and in hand54/58€58,464€10,825€123,325€9,039€6,340▼ 29.9%
Deferred charges and accrued income490/1€3,882€16,274€18,678€24,188€9,932▼ 58.9%
Equity and liabilities
Total equity and liabilities10/49€235,650€239,618€298,521€239,879€148,903▼ 37.9%
Equity10/15-€657,626-€720,436-€894,069-€995,827-€1.1m▼ 6.4%
Contributions10/11€61,500€61,500€61,500€61,500€61,500=
Capital10€61,500€61,500€61,500€61,500€61,500=
Issued capital100€61,500€61,500€61,500€61,500€61,500=
Profit (loss) carried forward14-€719,126-€781,936-€955,569-€1.1m-€1.1m▼ 6.0%
Amounts payable17/49€893,276€960,055€1.2m€1.2m€1.2m▼ 2.2%
Amounts payable within one year42/48€893,276€960,055€1.2m€1.2m€1.2m▼ 2.2%
Current portion of amounts payable after more than one year42€1,249€0€13,150€18,045€16,937▼ 6.1%
Trade debts44€374,345€376,857€581,265€120,532€100,410▼ 16.7%
Suppliers440/4€374,345€376,857€581,265€120,532€100,410▼ 16.7%
Advances received on contracts in progress46€417,597€493,982€495,931€405,552€43,995▼ 89.2%
Taxes, remuneration and social security45€16,836€22,016€29,348€36,888€48,420▲ 31.3%
Taxes450/3€309€346€637€8,930€16,740▲ 87.5%
Remuneration and social security454/9€16,527€21,670€28,711€27,958€31,680▲ 13.3%
Other amounts payable47/48€83,249€67,200€72,897€654,257€998,440▲ 52.6%
Accrued charges and deferred income492/3---€430€0▼ 100%
Line20212022202320242025Change
Profit (loss) for the period9904-€123,907-€62,810-€173,633-€101,757-€63,472▲ 37.6%
+ Depreciation and write-downs630€24,575€27,385€12,953€2,294€886▼ 61.4%
Operating cash flow (approximation)-€99,331-€35,425-€160,679-€99,464-€62,586▲ 37.1%
Investment in fixed assets (approximation)--€23,265-€1,248€10,079-€5,042▼ 150%
Change in cash--€47,639€112,500-€114,285-€2,699▲ 97.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
23-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
25-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
19-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-09
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 45 days late
2021
20-10
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 81 days late
2020
26-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Hasselt · 1 establishment unit since 2018
seat establishment approximate The establishment unit on the map
Ground area
1,099 m²
Building footprint
103 m²
Volume, LiDAR
516 m³
Parcel 71323C0593/00W000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AC WINDOWS
Genkersteenweg 185-187, 3500 HasseltJoinery installation
since 20182.280.124.758
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71323C0593/00W000 Flanders 1,099 m² 1 · 103 m² 8.9 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.

Structure & network

Part of the group COCOCINEL 13 companies Group, risk and exposure

Owners and holdings

2 owners

Chain of control

  1. COCOCINEL 100%
  2. EWG 100%
  3. EOS 100%
  4. AC WINDOWS

Highest known parent: COCOCINEL. The sources do not say who stands above it.

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2024 to 2025 · 2 entries · 280 EUR awarded · 280 EUR paid
Year Entries awardedpaid
2025 1 0 EUR280 EUR
2024 1 280 EUR0 EUR
Schemes
2 entries · 280 EUR · 280 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 380 companies in sector 47529 we hold annual accounts for 271. 110 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded19-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
47529Retail trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0688675056
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.