A.G.B. Gagelmans
ActiveA.G.B. Gagelmans has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €350k and a net result of €26k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 19% of 7425 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability37▲+8
Solvency29▼-8
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.29 in 2023), and 80.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 7425 sector peers (2024).
NBB · sector comparisonPosition among 7425 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
28 d early
2022
31 d late
2021
29 d late
2020
2 d late
2019
20 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€350k▲ 8.0%
2023 · €324k
2018: €108k
2019: €193k
2020: €237k
2021: €241k
2022: €305k
2023: €324k
2018 → 2024
Total assets
€1.84M▲ 27.0%
2023 · €1.44M
2018: €1.17M
2019: €1.16M
2020: €1.17M
2021: €1.43M
2022: €1.45M
2023: €1.44M
2018 → 2024
Net result
€26k▲ 37.9%
2023 · €19k
2018: €268k
2019: €85k
2020: €43k
2021: €4k
2022: €64k
2023: €19k
2018 → 2024
Working capital
€347k▲ 8.0%
2023 · €321k
2018: €486k
2019: €494k
2020: €522k
2021: €520k
2022: €294k
2023: €321k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€237k-€241k▲ 1.8%€305k▲ 26.5%€324k▲ 6.1%€350k▲ 8.0%
Operating result€70k-€24k▼ 65.1%€103k▲ 321%€43k▼ 58.4%€56k▲ 31.0%
Net result€43k-€4k▼ 90.0%€64k▲ 1,368%€19k▼ 70.8%€26k▲ 37.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 31% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.84M
Fixed assets
€3k=
Current assets
€1.83M▲ 27.1%
Equity and liabilities €1.84M
Equity
€350k▲ 8.0%
Debt
€1.49M▲ 32.6%
The debt ratio rises from 77.6% to 80.9%: debt grows faster than equity.
Key figures and ratios
Solvency
19.1%▼
2023 · 22.4%
Current ratio
1.23▼
2023 · 1.29
Quick ratio
1.21▼
2023 · 1.25
Debt / equity
4.25▲
2023 · 3.46
ROE
7.4%▲
2023 · 5.8%
ROA
1.4%▲
2023 · 1.3%
Debt
€1.49M▲
2023 · €1.12M
Debt ≤ 1 year
€1.49M▲
2023 · €1.12M
Income taxes
€11k▼
2023 · €12k
Staff costs
€824k▼
2023 · €881k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.44M€1.84M▲
Fixed assets21/28€3k€3k=
Financial fixed assets28€3k€3k=
Current assets29/58€1.44M€1.83M▲
Stocks and contracts in progress3€36k€36k=
Stocks30/36€36k€36k=
Amounts receivable within one year40/41€1.34M€1.74M▲
Trade receivables40€1.19M€1.57M▲
Other amounts receivable41€151k€169k▲
Cash at bank and in hand54/58€67k€53k▼
Equity and liabilities
Total equity and liabilities10/49€1.44M€1.84M▲
Equity10/15€324k€350k▲
Contributions10/11€177k€177k=
Reserves13€147k€172k▲
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Distributable reserves133€140k€166k▲
Amounts payable17/49€1.12M€1.49M▲
Amounts payable within one year42/48€1.12M€1.49M▲
Current portion of amounts payable after more than one year42€19k€8k▼
Financial debts43€300k€300k=
Credit institutions430/8€300k€300k=
Trade debts44€793k€1.17M▲
Suppliers440/4€793k€1.17M▲
Advances received on contracts in progress46€286-
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€988€1k▲
Remuneration and social security454/9€8k€9k▲
Other amounts payable47/48€477€477=
Income statement
Code20232024
Remuneration, social security and pensions62€881k€824k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k-
Other operating charges640/8€809€860▲
Non-recurring operating charges66A-€76k
Gross operating margin9900€932k€956k▲
Operating profit (loss)9901€43k€56k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€12k€19k▲
Recurring financial charges65€12k€19k▲
Profit (loss) for the period before taxes9903€31k€37k▲
Income taxes67/77€12k€11k▼
Profit (loss) for the period9904€19k€26k▲
Profit (loss) for the period to be appropriated9905€19k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€26k▲
Transfer to equity691/2€19k€26k▲
To other reserves6921€19k€26k▲
Social balance
Average headcount (FTE)908712.811.9▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €4k ▼90%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
2020
31-12
Financial
Equity above €200kEq €237k ▲22.4%
3 profitable years in a row build equity to €237k.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
31-12
Financial
Equity above €150kEq €193k ▲78.8%
2 profitable years in a row build equity to €193k.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Wuustwezel · 1 establishment unit since 1982
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint Lenaartseweg 2132990 WuustwezelGround area
1,744 m²
Building footprint
223 m²
Volume, LiDAR
1,275 m³
Parcel 11026C0470/00R000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
A.G.B. GAGELMANS
since 19822.034.882.331
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11026C0470/00R000 | Flanders | 1,744 m² | 1 · 223 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 to 2025 · 4 entries · 3,166 EUR awarded · 2,731 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,089 EUR | 1,089 EUR |
| 2024 | 1 | 562 EUR | 562 EUR |
| 2023 | 1 | 831 EUR | 444 EUR |
| 2022 | 1 | 684 EUR | 636 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesA.G.B. Gagelmans BV44067
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DÉMO PRO
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LESUISSE PIERRE
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BULDOTHERM
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Zaventem · Eq €352k
Of 1,348 companies in sector 43110 we hold annual accounts for 621. 451 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-1982
Fiscal year end31-12
Activities, NACEBEL
43110Demolition
45111
43120Site preparation
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.