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AG Real Estate Property Management

Active Public limited companyfounded 1993active for 33 yearsKunstlaan 58, 1000 BrusselsKBO/BCE: BE 0450.100.190 subsidiary of AG Real Estate Asset Management
Part of the group ageas SA/NV 6 companies in 4 countries
See the group

Lifetime

20 annual accounts with figures on one time axis, 33 filings since 1993
peak €7.5m (2008)
-not published
lowest -€1.4m (2020)
€386,646▲ 177%
peak €2.9m (2006)
€1.9m▲ 25.7%
€3.0m▼ 0.4%
peak 68.5 FTE (2017)
53.4 FTEunchanged
Board22 names since 2004all names
6 directorsMARC VAN BEGIN and 5 others
Owners7 names in the annual accountsall names
Documentsfilings and deeds
26-05-202666 days before the deadline
2025financial year
Result from €139,534 to €386,646Equity from €1.5m to €1.9m

Key points

from the 2025 annual accounts

Result

€386,646 ▲ 177%
€140,0002024€387,0002025

The result rose in 2025 from €139,534 to €386,646.

Turnover

≈ €13.0m estimated

The accounts state no turnover.

Staff

52 employees on 31-12-2025
652021772022482023332024572025

In 2025, 5 people joined and 7 left.

Filings

33 annual accounts since 1993
AprilJune31 JulyOctober200020102020

The last five annual accounts were filed 66 to 79 days before the end of the period.

Board

1 joined · 1 left

Board changed. Latest change 24-07-2026 · 6 in office.

Checked score

85
Excellent
Financially stronger than 49% of medium-sized companies in building services and landscaping (NACE 81)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 144 companies (NACE 81, medium-sized).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3%lowest value 01-2025: 0.3%● unchanged vs 12-2024lowest value 02-2025: 0.3%● unchanged vs 01-2025lowest value 03-2025: 0.4%▲ +0.1 percentage points vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.6%▲ +0.2 percentage points vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026highest value 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.3%▼ -0.3 percentage points vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026

Financial strength
Average

63+6equity 37.8% of total assets
20+3short-term debt 59.9% · cash 0.9%
57+16return on assets 7.7%

Score breakdown

raises risk
Liquidity: current ratio 1.67, cash €46,016
Sector: Services to buildings and landscape activities (NACE 81)
lowers risk
Founded in 1993
Profit of €386,646 (financial year 2025)
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 81, medium-sized). It does better than 54% of them on solvency, 15% on liquidity, 38% on profitability and 87% 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 very low class on 30-06-2025, 0.1% 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, 1,579 companies had the same profile as AG Real Estate Property Management has now. Each dot stands for 4 companies, two years later.

96.6%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of AG Real Estate Property Management itself: 0.3% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,579 companies, not a prediction for AG Real Estate Property Management. 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 €160,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.67 (1.54 in 2024), above the usual 1.5. Short-term debt is 59.9% and cash 0.9% of total assets. However, 62.2% 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

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.67, cash €46,016
NBB · annual accounts
lowers risk · Founded in 1993
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Services to buildings and landscape activities (NACE 81)
KBO
lowers risk · Profit of €386,646 (financial year 2025)
NBB · annual accounts
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
66 days early
2024
77 days early
2023
78 days early
2022
67 days early
2021
79 days early
2020
86 days early
2019
78 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 76 days before the deadline. In the sector (NACE 81), 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 15 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

AG
Daily manager
DJ
Director
MV
Director, since 02-05-2022
LS
Director, since 19-07-2022
and 2 othersBoard & ownership

Recent changes

Resignation: Aurel GAVRILOAIA (daily management delegate) Board meeting of 08-07-2026 · Gazette deed
Appointment: Roland Cracco (director) General meeting of 05-05-2025 · Gazette deed
Resignation: Xavier Denis (director) General meeting of 27-08-2024 · Gazette deed
1 director resigning, 2 reappointments, 1 statutory auditor reappointed Resignation: Philippe Hermant · Reappointments: Xavier DENIS, Magda VAN STEENKISTE and PwC Réviseurs d'Entreprises (statutory auditor) · Permanent representative: Kurt Cappoen · General meeting of 06-05-2024 · Gazette deed
All 80 events

Comparable companies

same main activity, similar in size and age
Company
AG Real Estate Property Management Brussels - - 37.8% 53.4
SIDEMI Silly - - 10.2% 43.3
Ieder zijn Woning - Logement pour Tous Molenbeek-Saint-Jean €7.5m 0.1% 25.4% 23.8
DE SYNDICUS Hasselt - - 21.2% 46.4
SOCIETE IMMOBILIERE DES PARKINGS ERASME Brussels - - 66.1% -
JONES LANG LASALLE SERVICES Brussels €5.2m 54.4% -9.7% 72.7
CALORIBEL Molenbeek-Saint-Jean €17.3m 29.3% 64.7% 81.1

These companies have the same main activity as AG Real Estate Property Management: combined facilities support activities (NACE 81100). They are comparable in size and age: total assets between €2.2m and €21m, founded between 1992 and 2006.

Official details

Source: KBO
Status
Active since 11-05-1993Normal situation
Registered office
101 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 9 November 2026.
Activity
Combined facilities support activitiesNACE 81100and 1 other
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment units
2.022.187.4071200 Woluwe-Saint-Lambert, since 01-04-1983
2.022.187.5061070 Anderlecht, since 01-04-1983and 6 others
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€5.0m▲ 8.1%
Employeeson 31-12-2025
52▼ 3.7%
Filing
Filed on 26-05-2026, 66 days before the end of the filing period
Financials

Companies linked to AG Real Estate Property Management

Insights on AG Real Estate Property Management

AG Real Estate Property Management has existed since 1993. The present size dates from 2017. Turnover rose that year from €2.5m to €5.2m and staff from 15.5 to 68.5 full-time equivalents. In 2017 four sites were added.

Solvency rose in 2025 from 32.5% to 37.8% because of the retained profit.

AG Real Estate Asset Management holds 56.49% of the shares. In July 2023, the Official Gazette published the appointment of Aurel Graviloaia as managing director.

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 AG Real Estate Property Management

What is the company number of AG Real Estate Property Management?
The company number of AG Real Estate Property Management is 0450.100.190. The VAT number is the same number with BE in front: BE 0450.100.190.
Where is AG Real Estate Property Management based?
The registered office is at Kunstlaan 58, 1000 Brussels.Company details
What does AG Real Estate Property Management do?
According to the KBO register, the main activity is combined facilities support activities (NACE 81100).
What is the legal form of AG Real Estate Property Management?
AG Real Estate Property Management is a public limited company (NV).
When was AG Real Estate Property Management founded?
AG Real Estate Property Management was founded on 11-05-1993.
Is AG Real Estate Property Management still active?
Yes, AG Real Estate Property Management is an active enterprise in the KBO register.
How many employees does AG Real Estate Property Management have?
AG Real Estate Property Management had an average of 53.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does AG Real Estate Property Management fall under?
In its 2025 annual accounts, AG Real Estate Property Management states joint committee 200 (Auxiliary committee for white-collar workers).
What is the turnover of AG Real Estate Property Management?
The turnover in financial year 2025 is ≈ €13.0m. This figure is estimated from the gross margin of €7.4m and 1,585 comparable companies of the same size. It probably lies between €8.6m and €21.0m. It is a rough estimate. In financial year 2022 turnover was €6.2m.
Is AG Real Estate Property Management profitable?
In financial year 2025, AG Real Estate Property Management made a profit of €386,646.
Where can I find the annual accounts of AG Real Estate Property Management?
AG Real Estate Property Management filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of AG Real Estate Property Management due?
AG Real Estate Property Management must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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