A.G
ActiveSummary
A.G has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37k and a net result of €18k. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 26% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▼-16
Solvency50▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.8 in 2023; short-term debt: 75% and cash: 52.2% of total assets), and 75% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
25%
Return on assets
12.4%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-08-2025, 9 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
9 d late
2023
3 d early
2022
3 d early
2021
27 d late
2020
28 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€37k▼ 4.8%
2023 · €39k
2018: €25klowest in 7 years
2019: €45k▲ +83.7% vs 2018
2020: €95k▲ +112% vs 2019
2021: €150k▲ +56.8% vs 2020highest in 7 years
2022: €50k▼ -66.3% vs 2021
2023: €39k▼ -23.5% vs 2022
2024: €37k▼ -4.8% vs 2023
2018 → 2024
Total assets
€147k▼ 1.9%
2023 · €150k
2018: €88klowest in 7 years
2019: €114k▲ +29.6% vs 2018
2020: €149k▲ +30.4% vs 2019
2021: €197k▲ +31.8% vs 2020
2022: €205k▲ +4.5% vs 2021highest in 7 years
2023: €150k▼ -27.1% vs 2022
2024: €147k▼ -1.9% vs 2023
2018 → 2024
Net result
€18k▼ 70.6%
2023 · €62k
2018: €48k
2019: €39k▼ -20.3% vs 2018
2020: €50k▲ +30.5% vs 2019
2021: €42k▼ -16.9% vs 2020
2022: €29k▼ -30.5% vs 2021
2023: €62k▲ +112% vs 2022highest in 7 years
2024: €18k▼ -70.6% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-13k▲ 37.7%
2023 · €-20k
2018: €14k
2019: €32k▲ +129% vs 2018
2020: €84k▲ +162% vs 2019
2021: €126k▲ +50.3% vs 2020highest in 7 years
2022: €37k▼ -70.4% vs 2021
2023: €-20k▼ -154% vs 2022lowest in 7 years
2024: €-13k▲ +37.7% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€95k-€150k▲ 56.8%€50k▼ 66.3%€39k▼ 23.5%€37k▼ 4.8%
2020: €95k
2021: €150k▲ +56.8% vs 2020highest in 5 years
2022: €50k▼ -66.3% vs 2021
2023: €39k▼ -23.5% vs 2022
2024: €37k▼ -4.8% vs 2023lowest in 5 years
Operating result€63k-€53k▼ 16.8%€37k▼ 29.7%€78k▲ 110%€23k▼ 70.1%
2020: €63k
2021: €53k▼ -16.8% vs 2020
2022: €37k▼ -29.7% vs 2021
2023: €78k▲ +110% vs 2022highest in 5 years
2024: €23k▼ -70.1% vs 2023lowest in 5 years
Net result€50k-€42k▼ 16.9%€29k▼ 30.5%€62k▲ 112%€18k▼ 70.6%
2020: €50k
2021: €42k▼ -16.9% vs 2020
2022: €29k▼ -30.5% vs 2021
2023: €62k▲ +112% vs 2022highest in 5 years
2024: €18k▼ -70.6% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 70% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €147k
Fixed assets
€49k ▼ 29.9%
Current assets
€98k ▲ 22.9%
Equity and liabilities €147k
Equity
€37k ▼ 4.8%
Debt
€110k ▼ 0.9%
Debt's share of the balance-sheet total rises from 74.2% to 75.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€44k▼
2023 · €99k
Cash flow
€39k▼
2023 · €83k
Current ratio
0.89▲
2023 · 0.80
Debt to equity
3.00▲
2023 · 2.88
ROE
49.4%▼
2023 · 159.9%
ROA
12.4%▼
2023 · 41.2%
Interest coverage
90.85▼
2023 · 108.15
Debt ≤ 1 year
€110k▲
2023 · €100k
Debt > 1 year
€19▼
2023 · €12k
Income taxes
€5k▼
2023 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€150k€147k▼
Fixed assets21/28€70k€49k▼
Tangible fixed assets22/27€70k€49k▼
Furniture and vehicles24€70k€49k▼
Financial fixed assets28€400€400=
Current assets29/58€79k€98k▲
Amounts receivable within one year40/41€15k€21k▲
Trade receivables40€13k€5k▼
Other amounts receivable41€2k€16k▲
Cash at bank and in hand54/58€65k€77k▲
Equity and liabilities
Total equity and liabilities10/49€150k€147k▼
Equity10/15€39k€37k▼
Contributions10/11€19k€19k=
Reserves13€20k-
Distributable reserves133€20k-
Profit (loss) carried forward14-€18k
Amounts payable17/49€111k€110k▼
Amounts payable after more than one year17€12k€19▼
Financial debts170/4€12k€19▼
Amounts payable within one year42/48€100k€110k▲
Current portion of amounts payable after more than one year42€12k€13k▲
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€4k€3k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€82k€92k▲
Accrued charges and deferred income492/3€6€3▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▼
Other operating charges640/8€384€387▲
Gross operating margin9900€100k€45k▼
Operating profit (loss)9901€78k€23k▼
Financial income75/76B€404€170▼
Recurring financial income75€404€170▼
Financial charges65/66B€917€489▼
Recurring financial charges65€917€489▼
Profit (loss) for the period before taxes9903€77k€23k▼
Income taxes67/77€16k€5k▼
Profit (loss) for the period9904€62k€18k▼
Profit (loss) for the period to be appropriated9905€62k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€62k€18k▼
Transfer from equity791/2€12k€20k▲
Profit to be distributed694/7€74k€20k▼
Return on contributions (dividend)694€74k€20k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €12k | €7k | €21k | €21k | ▼ 0.8% |
| Other operating charges640/8 | - | €359 | €498 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €77k | €65k | €44k | €100k | €45k | ▼ 55.1% |
| Operating profit (loss)9901 | €63k | €53k | €37k | €78k | €23k | ▼ 70.1% |
| Financial income75/76B | - | €158 | €373 | €404 | €170 | ▼ 58.0% |
| Recurring financial income75 | €10 | €158 | €373 | €404 | €170 | ▼ 58.0% |
| Financial charges65/66B | - | €487 | €931 | €917 | €489 | ▼ 46.8% |
| Recurring financial charges65 | €518 | €487 | €931 | €917 | €489 | ▼ 46.8% |
| Profit (loss) for the period before taxes9903 | €63k | €52k | €37k | €77k | €23k | ▼ 70.3% |
| Income taxes67/77 | €13k | €11k | €7k | €16k | €5k | ▼ 69.1% |
| Profit (loss) for the period9904 | €50k | €42k | €29k | €62k | €18k | ▼ 70.6% |
| Profit (loss) for the period to be appropriated9905 | €50k | €42k | €29k | €62k | €18k | ▼ 70.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €149k | €197k | €205k | €150k | €147k | ▼ 1.9% |
| Fixed assets21/28 | €26k | €41k | €20k | €70k | €49k | ▼ 29.9% |
| Tangible fixed assets22/27 | €25k | €41k | €20k | €70k | €49k | ▼ 30.1% |
| Furniture and vehicles24 | - | €41k | €20k | €70k | €49k | ▼ 30.1% |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €124k | €155k | €185k | €79k | €98k | ▲ 22.9% |
| Amounts receivable within one year40/41 | €19k | €26k | €22k | €15k | €21k | ▲ 43.0% |
| Trade receivables40 | - | €22k | €15k | €13k | €5k | ▼ 59.0% |
| Other amounts receivable41 | - | €4k | €8k | €2k | €16k | ▲ 780% |
| Cash at bank and in hand54/58 | €105k | €130k | €163k | €65k | €77k | ▲ 18.4% |
| Deferred charges and accrued income490/1 | - | - | €460 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €149k | €197k | €205k | €150k | €147k | ▼ 1.9% |
| Equity10/15 | €95k | €150k | €50k | €39k | €37k | ▼ 4.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €32k | €32k | €32k | €20k | - | - |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €30k | €30k | €20k | - | - |
| Profit (loss) carried forward14 | €57k | €99k | - | - | €18k | - |
| Amounts payable17/49 | €54k | €47k | €155k | €111k | €110k | ▼ 0.9% |
| Amounts payable after more than one year17 | €14k | €18k | €7k | €12k | €19 | ▼ 99.8% |
| Financial debts170/4 | - | €18k | €7k | €12k | €19 | ▼ 99.8% |
| Amounts payable within one year42/48 | €39k | €29k | €148k | €100k | €110k | ▲ 10.6% |
| Current portion of amounts payable after more than one year42 | - | €14k | €6k | €12k | €13k | ▲ 1.8% |
| Trade debts44 | €8k | €3k | - | - | - | - |
| Suppliers440/4 | - | €3k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €1k | €5k | €6k | €5k | ▼ 6.5% |
| Taxes450/3 | - | €1k | €3k | €4k | €3k | ▼ 10.2% |
| Remuneration and social security454/9 | - | - | €2k | €2k | €2k | = |
| Other amounts payable47/48 | - | €10k | €137k | €82k | €92k | ▲ 13.1% |
| Accrued charges and deferred income492/3 | - | - | - | €6 | €3 | ▼ 47.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50k | €42k | €29k | €62k | €18k | ▼ 70.6% |
| + Depreciation and write-downs630 | €12k | €12k | €7k | €21k | €21k | ▼ 0.8% |
| Operating cash flow (approximation) | €63k | €54k | €36k | €83k | €39k | ▼ 52.8% |
| Investment in fixed assets (approximation) | - | €-27k | €14k | €-71k | €0 | ▲ 100% |
| Change in cash | - | €25k | €33k | €-98k | €12k | ▲ 112% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
09-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 9 days late
2024
31-12
Financial
Weakest financial yearnet €18k ▼70.6%
Net result drops to €18k, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €62k ▲112%
Operating result €78k, net result €62k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-12
Financial
Equity above €100kEq €150k ▲56.8%
4 profitable years in a row build equity to €150k.
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Zaventem · 1 establishment unit since 2018
Ground area
311 m²
Building footprint
80 m²
Volume, LiDAR
712 m³
Parcel 23094A0273/00N011, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Landbouwstraat 48, 1930 Zaventem
since 20182.275.222.892
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094A0273/00N011 | Flanders | 311 m² | 1 · 80 m² | 12.2 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 720 EUR awarded · 720 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 720 EUR | 720 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,871 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.