Losses
-€26,762 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
ACTAMASA
Lifetime
9 annual accounts with figures on one time axispeak €84,667 (2021)
€30,004▲ 4.3%
lowest -€18,442 (2018)
-€12,539▲ €1,683
peak €67,973 (2023)
€41,210▼ 23.3%
€99,107▼ 8.0%
Board1 name since 2020
1 directorSaeys John
Documentsfilings and deeds
09-09-202640 days late
2025micro format
Loss of €12,539Equity from €53,750 to €41,210Cash from €432 to €3,231
Key points
from the 2025 annual accountsDebts
€99,107 71% of the balance sheet
Financial debts 2%Suppliers 83%Taxes and wages 8%Other 7%
Of this, €97,325 falls due within a year.
Position in the sector
-€12,539
Lower net result than 90% of companies in specialised construction. Sector median €10,189 · 35,113 companies.
2025 accounts filed 40 days after the deadline
Checked score
51
Fair
Financially stronger than 18% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025lowest value
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 1.9%▲ +1.0 percentage point vs 07-2025
09-2025: 1.9%● unchanged vs 08-2025
10-2025: 1.9%● unchanged vs 09-2025
11-2025: 1.9%● unchanged vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 1.9%● unchanged vs 12-2025
02-2026: 1.9%● unchanged vs 01-2026
03-2026: 1.9%● unchanged vs 02-2026
04-2026: 2.0%▲ +0.1 percentage points vs 03-2026
05-2026: 1.9%▼ -0.1 percentage points vs 04-2026
06-2026: 1.8%▼ -0.1 percentage points vs 05-2026
07-2026: 1.9%▲ +0.1 percentage points vs 06-2026
08-2026: 2.5%▲ +0.6 percentage points vs 07-2026
09-2026: 2.7%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 2.1%▼ -0.6 percentage points vs 09-2026
11-2026: 2.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 40 days late; 1 of the last 3 accounts late
Loss of €12,539, the second in a row (financial year 2025)
Sector: Specialised construction activities (NACE 43)
Liquidity: current ratio 1.12, cash €3,231
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 43, micro). It does better than 31% of them on solvency, 9% on liquidity, 15% on profitability and 17% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 1,548 companies had the same profile as ACTAMASA has now. Each dot stands for 4 companies, two years later.
91.2%
were still trading
3.9%
stopped another way
4.3%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ACTAMASA itself: 2.1% 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 1,548 companies, not a prediction for ACTAMASA. 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 €2,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.12 (1.07 in 2024), below the usual 1.5. Short-term debt is 69.4% and cash 2.3% of total assets. 70.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises 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
1819202122232425
2018 to 2025 · latest year -€12,539
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
40 days late
2024
34 days early
2023
37 days early
2022
34 days early
2021
36 days early
2020
37 days early
2019
33 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Zele
New registered office: Durmen 193, 9240 Zele · Previous registered office: Kloosterstraat 13, 9240 Zele · General meeting of 26-07-2021 · Gazette deed
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments
Change of role: Saeys John, from manager to director · “Ontwikkeling van residentiële bouwprojecten; Projectontwikkeling voor de nieuwbouw van individuele woningen of…” (deed in Dutch) · Gazette deed
Incorporation
published on 13-02-2017 · Gazette deed
First establishment
Durmen 193, Zele
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ACTAMASA Zele | €140,318 | €30,004 | 29.4% | - |
| TEGELCONCEPT RAF Lebbeke | €125,082 | €32,821 | 86.7% | - |
| Vloer-en Wandtegels Kjell Persyn Berlare | €163,266 | €28,435 | 98.7% | - |
| DAVY DESCHEPPER Lichtervelde | €144,457 | €35,440 | 26.9% | - |
| DESCI RENOVATION Fontaine-l'Evêque | €123,865 | €26,012 | 47.7% | - |
| AFC DESIGN Beringen | €158,436 | €34,891 | 48.8% | - |
| Algemene Tegelwerken Vermeulen Geraardsbergen | €155,545 | €36,404 | 73.3% | - |
These companies have the same main activity as ACTAMASA: floor and wall tiling (NACE 43331). They are comparable in size and age: total assets between €124,000 and €163,000, founded between 2015 and 2018.
Official details
Source: KBO- Status
- Active since 09-02-2017Normal situation
- Activity
- Floor and wall tilingNACE 43331and 10 others
- Establishment unit
- 2.261.320.8149240 Zele, since 09-02-2017
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on ACTAMASA
ACTAMASA files the micro format. That format states no turnover. The gross margin rose from €6,222 in 2017 to €30,004 in 2025.
The balance sheet grew most from 2019 to 2021 through fixed assets.
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 ACTAMASA
- What is the company number of ACTAMASA?
- The company number of ACTAMASA is 0670.923.264. The VAT number is the same number with BE in front: BE 0670.923.264.
- Where is ACTAMASA based?
- The registered office is at Durmen 193, 9240 Zele.Company details
- What does ACTAMASA do?
- According to the KBO register, the main activity is floor and wall tiling (NACE 43331).
- What is the legal form of ACTAMASA?
- ACTAMASA is a private limited company (BV).
- When was ACTAMASA founded?
- ACTAMASA was founded on 09-02-2017.
- Is ACTAMASA still active?
- Yes, ACTAMASA is an active enterprise in the KBO register.
- What is the turnover of ACTAMASA?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €30,004 and 88 comparable companies (NACE 433). It probably lies between €120,000 and €300,000.Financials
- Is ACTAMASA profitable?
- In financial year 2025, ACTAMASA made a loss of €12,539.
- Where can I find the annual accounts of ACTAMASA?
- ACTAMASA filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ACTAMASA due?
- ACTAMASA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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