AGB MASTERPLAN
ActiveSummary
AGB MASTERPLAN has the legal form “Autonoom gemeentebedrijf” in the KBO. Checked does not compute a bankruptcy probability for it. The 2025 annual accounts show negative equity (-€657,807) and a net result of €295,578. Equity has been growing by about 62% per year since 2023. Its solvency ranks better than 9% of 298 sector peers (NACE 90, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-01-2009 Normal situation
- Registered office
- 10 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Arts creation and performing arts activities NACE 90312and 3 others
- Establishment unit
- 2.178.270.107 3530 Houthalen-Helchteren, since 12-01-2009
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- Achten CarineDirector · since 24-01-2019
- Aytar MustafaDirector · since 24-01-2019
- Bellio MyriamDirector · since 24-01-2019
Financial position
Bankruptcy probability: legal form outside the model
Annual accounts 2025
- Gross margin
- €2.5m
- ▼ 17.9%
- Turnover
- ≈ €4.3m
- estimated
- Profit
- €295,578
- ▼ 66.5%
- Equity
- -€657,807
- ▲ 31.0%
- Total assets
- €27.3m
- ▼ 3.8%
- Negative equity on 31-12-2025
Signalsraises riskWeak solvency compared with the sectorneutralLatest accounts filed on timeShow the evidence
Checked score
Score 2025
42
/ 100
Weak
Without a bankruptcy probability, the score rests on the figures alone.
Financial strength · tick: 2024
Weak
Solvency
23+1
equity -2.4% of total assets
Liquidity
58-5
short-term debt 11.2% · cash 6.9%
Profitability
46-7
return on assets 1.1%
Bankruptcy probability within 12 months
The KBO gives the legal form as “Autonoom gemeentebedrijf”. There is no bankruptcy probability for it. The model is built on companies and gives no reliable figure for this form.
No credit on open account
Liquidity is ample, with a current ratio of 1.64 (1.82 in 2024), above the usual 1.5. Short-term debt is 11.2% and cash 6.9% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Two signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 298 sector peers (2025).
NBB · sector comparisonPosition among 298 sector peers
Solvency
better than 9%
← 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 25-06-2026, 36 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
36 days early
2024
34 days early
2023
33 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 34 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 4 days before the deadline, and 38% 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 (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 25-06-2026 at the NBB all 3 filings
Turnover
≈ €4.3m
Estimated: probably between €2.9m and €7.1m
EBIT margin
Not included in this filing
Net result
€295,578▼ 66.5%
2024 · €882,215
Working capital
€1.9m▼ 21.1%
2024 · €2.5m
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€1.0m
▼ 35.7%
2025
20232025
Net result
€295,578
▼ 66.5%
2025
highest quarter of the sector
20232025
Equity
-€657,807
▲ 31.0%
2025
lowest quarter of the sector
20232025
Total assets
€27.3m
▼ 3.8%
2025
highest quarter of the sector
20232025
Debt
€28.0m
▼ 4.7%
2025
20232025
Working capital
€1.9m
▼ 21.1%
2025
highest quarter of the sector
20232025
Solvency
-2.4%
▲ 0.9pp
2025
lowest quarter of the sector
20232025
Current ratio
1.64
▼ 0.18
2025
middle half of the sector
20232025
Return on assets (ROA)
1.1%
▼ 2.0pp
2025
middle half of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€1.1m-€1.6m▲ 46.7%€1.0m▼ 35.7%
Net result€0.3mabove the sector's middle half-€0.9mabove the sector's middle half▲ 181%€0.3mabove the sector's middle half▼ 66.5%
Equity-€1.8mbelow the sector's middle half--€1.0mbelow the sector's middle half▲ 48.1%-€0.7mbelow the sector's middle half▲ 31.0%
Total assets€28.9mabove the sector's middle half-€28.4mabove the sector's middle half▼ 1.8%€27.3mabove the sector's middle half▼ 3.8%
Debt€30.7m-€29.3m▼ 4.6%€28.0m▼ 4.7%
Working capital€1.8mabove the sector's middle half-€2.5mabove the sector's middle half▲ 38.0%€1.9mabove the sector's middle half▼ 21.1%
Solvency-6.4%below the sector's middle half--3.4%below the sector's middle half▲ 3.0pp-2.4%below the sector's middle half▲ 0.9pp
Current ratio1.58within the sector's middle half-1.82within the sector's middle half▲ 0.231.64within the sector's middle half▼ 0.18
Return on assets (ROA)1.1%within the sector's middle half-3.1%within the sector's middle half▲ 2.0pp1.1%within the sector's middle half▼ 2.0pp
above
within
below
The sector band is the middle half of the companies in Arts creation and performing arts activities (NACE 90). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 36% lower than in 2024 and the lowest since 2023.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27.3m
Fixed assets
€22.3m ▼ 2.6%
Current assets
€5.0m ▼ 9.1%
Equity and liabilities
Equity-€657,807
Debt€28.0m
Equity is negative. Debt (€28.0m) exceeds the balance-sheet total (€27.3m).
Key figures and ratios
EBITDA
€2.3m▼
2024 · €2.8m
Cash flow
€1.6m▼
2024 · €2.1m
Interest coverage
3.13▼
2024 · 3.67
Debt ≤ 1 year
€3.0m▲
2024 · €3.0m
Debt > 1 year
€24.9m▼
2024 · €26.3m
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €90,232 | €75,085 | €681,910 |
| Depreciation and write-downs of the year | €1.3m | €1.2m | €1.3m |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.3m | €1.2m | €1.3m | ▲ 2.4% |
| Other operating charges640/8 | €0.6m | €0.2m | €0.2m | ▼ 6.9% |
| Gross operating margin9900 | €3.0m | €3.0m | €2.5m | ▼ 17.9% |
| Operating profit (loss)9901 | €1.1m | €1.6m | €1.0m | ▼ 35.7% |
| Financial income75/76B | €0.05m | €0.08m | €0.01m | ▼ 82.6% |
| Recurring financial income75 | €0.05m | €0.08m | €0.01m | ▼ 82.6% |
| Financial charges65/66B | €0.8m | €0.8m | €0.7m | ▼ 4.9% |
| Recurring financial charges65 | €0.8m | €0.8m | €0.7m | ▼ 4.9% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.9m | €0.3m | ▼ 66.5% |
| Profit (loss) for the period9904 | €0.3m | €0.9m | €0.3m | ▼ 66.5% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.9m | €0.3m | ▼ 66.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €28.9m | €28.4m | €27.3m | ▼ 3.8% |
| Fixed assets21/28 | €24.0m | €22.9m | €22.3m | ▼ 2.6% |
| Tangible fixed assets22/27 | €24.0m | €22.9m | €22.3m | ▼ 2.6% |
| Land and buildings22 | €23.7m | €22.6m | €21.5m | ▼ 4.7% |
| Plant, machinery and equipment23 | €0.2m | €0.2m | €0.6m | ▲ 245% |
| Furniture and vehicles24 | €0.09m | €0.09m | €0.1m | ▲ 64.4% |
| Assets under construction and advance payments27 | €0.02m | €0.02m | €0.02m | = |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €4.9m | €5.5m | €5.0m | ▼ 9.1% |
| Amounts receivable within one year40/41 | €0.2m | €2.5m | €3.1m | ▲ 22.4% |
| Trade receivables40 | €0.2m | €2.5m | €3.1m | ▲ 22.1% |
| Other amounts receivable41 | - | - | €0.006m | - |
| Current investments50/53 | - | €0.007m | €0.007m | ▲ 1.1% |
| Cash at bank and in hand54/58 | €4.7m | €3.0m | €1.9m | ▼ 36.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €28.9m | €28.4m | €27.3m | ▼ 3.8% |
| Equity10/15 | -€1.8m | -€1.0m | -€0.7m | ▲ 31.0% |
| Contributions10/11 | €0.9m | €0.9m | €0.9m | = |
| Capital10 | €0.9m | €0.9m | €0.9m | = |
| Issued capital100 | €0.9m | €0.9m | €0.9m | = |
| Profit (loss) carried forward14 | -€2.7m | -€1.9m | -€1.6m | ▲ 15.9% |
| Amounts payable17/49 | €30.7m | €29.3m | €28.0m | ▼ 4.7% |
| Amounts payable after more than one year17 | €27.7m | €26.3m | €24.9m | ▼ 5.3% |
| Financial debts170/4 | €27.7m | €26.3m | €24.9m | ▼ 5.3% |
| Other amounts payable178/9 | €0.001m | €0.001m | - | - |
| Amounts payable within one year42/48 | €3.1m | €3.0m | €3.0m | ▲ 0.7% |
| Current portion of amounts payable after more than one year42 | €1.3m | €1.4m | €1.4m | ▲ 2.3% |
| Financial debts43 | €1.5m | €1.5m | €1.5m | = |
| Credit institutions430/8 | €1.5m | €1.5m | €1.5m | = |
| Trade debts44 | €0.2m | €0.1m | €0.1m | ▲ 10.2% |
| Suppliers440/4 | €0.2m | €0.1m | €0.1m | ▲ 10.2% |
| Taxes, remuneration and social security45 | - | €0.02m | - | - |
| Taxes450/3 | - | €0.02m | - | - |
| Other amounts payable47/48 | €0.03m | €0.002m | - | - |
| Accrued charges and deferred income492/3 | - | €0.002m | €0.001m | ▼ 51.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.9m | €0.3m | ▼ 66.5% |
| + Depreciation and write-downs630 | €1.3m | €1.2m | €1.3m | ▲ 2.4% |
| Operating cash flow (approximation) | €1.6m | €2.1m | €1.6m | ▼ 26.3% |
| Investment in fixed assets (approximation) | - | -€0.08m | -€0.7m | ▼ 808% |
| Change in cash | - | -€1.7m | -€1.1m | ▲ 38.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
31 directors
Achten Carine
Current
Aytar Mustafa
Current
Bellio Myriam
Current
Coenen Marc
Current
Costa Luciana
Current
Cuppens Bert
Current
Gielen Filip
Current
Houben Maarten
Current
Show all 31 directors
Kanli Göksal
Current
Kellens Hanne
Current
Knevels Mathijs
Current
Lenssen Michiel
Current
Maris Liesbeth
Current
Oktay Muhammet
Current
Timmers Katrien
Current
Van Roey Myrthe
Current
Van Wortswinkel Eefje
Current
Verpoorten Jef
Current
Wouters Lieve
Current
Akyil Kenan
Current
Bellavia Silvio
Current
Claes Jill
Current
Demirci Yeter
Current
Demirci Özlem
Current
Hillen Silke
Current
Maex Gunther
Current
Olech Ben
Current
s Hertogen Mia
Current
Vandenbussche Marc
Current
Verstraeten Monique
Current
Yzermans Alain
Current
Director · listed in the 2025 annual accounts, filed on 25-06-2026
Owners and capital
Owners
Mandate history
31 people, 31 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Achten Carine |
|
| Aytar Mustafa |
|
| Bellio Myriam |
|
| Coenen Marc |
|
| Costa Luciana |
|
| Cuppens Bert |
|
| Gielen Filip |
|
| Houben Maarten |
|
| Kanli Göksal |
|
| Kellens Hanne |
|
| Knevels Mathijs |
|
| Lenssen Michiel |
|
| Maris Liesbeth |
|
| Oktay Muhammet |
|
| Timmers Katrien |
|
| Van Roey Myrthe |
|
| Van Wortswinkel Eefje |
|
| Verpoorten Jef |
|
| Wouters Lieve |
|
| Akyil Kenan |
|
| Bellavia Silvio |
|
| Claes Jill |
|
| Demirci Yeter |
|
| Demirci Özlem |
|
| Hillen Silke |
|
| Maex Gunther |
|
| Olech Ben |
|
| s Hertogen Mia |
|
| Vandenbussche Marc |
|
| Verstraeten Monique |
|
| Yzermans Alain |
|
Network & group
AGB MASTERPLAN shares no director with another company.
Companies at the same address
9 other companies- SHERIF Registered office · since 2021 0770688655
- Zorg Houthalen-Helchteren Registered office · since 2018 0688812935
- Politiezone CARMA Establishment · since 2018 0682824867
- bpost Establishment · since 2014 0214596464
- Bencherif, Mustapha (sole trader) Establishment · since 2013 0773203727
- AUTONOOM GEMEENTEBEDRIJF SPORT HOUTHALEN-HELCHTEREN (AGB SPORT) Registered office · since 2006 0898822982
- Federale Overheidsdienst Justitie Establishment · since 2003 0308357753
- Openbaar Centrum voor Maatschappelijk Welzijn van Houthalen-Helchteren Registered office · since 1977 0216773125
- Gemeente Houthalen-Helchteren Registered office · since 1977 0216773026
Connections & network
31 current directorsThe network starts from the directors of AGB MASTERPLAN. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
25-06
full format · 36 days before the deadline
2025
31-12
Financial
Weakest financial yearnet €295,578 ▼66.5%
The net result drops to €295,578, the lowest from 2023 to 2025.
27-06
full format · 34 days before the deadline
2024
31-12
Financial
Highest result from 2023 to 2025net €882,215 ▲181%
The operating result of €1.6m and the net result of €882,215 are both a record.
28-06
full format · 33 days before the deadline
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
AGB MASTERPLAN in Dutch
Enterprise number
0811.923.652
Legal form
Autonoom gemeentebedrijf
Status
Active, normale toestand
Founded
12-01-2009
Entity type
Legal entity
Registered office and establishments
Registered office
Pastorijstraat 30, 3530 Houthalen-Helchteren, Belgium
Establishment unit
Autonoom Gemeentebedrijf Masterplan, Pastorijstraat 30, 3530 Houthalen-Helchteren since 12-01-2009 · unit number 2.178.270.107
Phone
011600683
Activities
NACEBEL 202590312
Arts creation and performing arts activities main activity
70200
Business and other management consultancy
82990
Other business support services
84130
Public administration and defence; compulsory social security
Codes under NACEBEL 2008
90042
Arts creation and performing arts activities main activity
70220
Business consulting
82990
Other business support services
84130
Public administration and defence; compulsory social security
Invoicing and payment
VAT number
BE 0811.923.652
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
2.5 ha
Building footprint
5,278 m²
Building volume
58,987 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72015C0166/00D010 | Flanders | 2.5 ha | 1 · 5,278 m² | 27.5 m · 4 |