A.G.S.E.
ActiveSummary
The computed 12-month bankruptcy probability of A.G.S.E. is 3.7% (moderate). The 2025 annual accounts show negative equity (-€90,412) and a net result of -€26,123. Equity is shrinking by ~60.6% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-1
Solvency10▼-4
Growth32=
Track record94
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.05 in 2024; short-term debt: 115% and cash: 3.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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 2025Solvency, return and age of the figures
Solvency
-15%
Return on assets
-4.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€90,412
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 5 filingsDeviation from the deadline
2025
25 d late
2024
26 d late
2023
29 d late
2022
87 d late
2021
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 31 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€90,412▼ 40.6%
2024 · -€64,289
Total assets
€603,196▼ 1.2%
2024 · €610,506
Net result
-€26,123▼ 10.0%
2024 · -€23,756
Working capital
-€673,020▼ 5.2%
2024 · -€639,746
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€7,839--€5,736▲ 26.8%-€7,747▼ 35.1%-€7,700▲ 0.6%-€9,211▼ 19.6%
Net result-€8,527--€19,687▼ 131%-€27,320▼ 38.8%-€23,756▲ 13.0%-€26,123▼ 10.0%
Equity€6,473--€13,214-€40,534▼ 207%-€64,289▼ 58.6%-€90,412▼ 40.6%
Total assets€584,462-€1.3m▲ 122%€620,782▼ 52.1%€610,506▼ 1.7%€603,196▼ 1.2%
Debt€577,989-€1.3m▲ 127%€661,315▼ 49.5%€674,795▲ 2.0%€693,608▲ 2.8%
Working capital-€574,033--€591,860▼ 3.1%-€617,850▼ 4.4%-€639,746▼ 3.5%-€673,020▼ 5.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,211 in 2025 against €7,700 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €603,196
Fixed assets
€582,608 ▲ 1.3%
Current assets
€20,589 ▼ 41.3%
Key figures and ratios
EBITDA
-€6,052▼
2024 · -€5,841
Cash flow
-€22,963▼
2024 · -€21,896
Solvency
-15.0%▼
2024 · -10.5%
Current ratio
0.03▼
2024 · 0.05
Debt to equity
-7.67▲
2024 · -10.50
ROA
-4.3%▼
2024 · -3.9%
Interest coverage
-0.36▲
2024 · -0.36
Debt ≤ 1 year
€693,608▲
2024 · €674,795
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,046 | €1,859 | €1,859 | €1,859 | €3,159 | ▲ 69.9% |
| Other operating charges640/8 | - | - | - | €307 | €66 | ▼ 78.6% |
| Gross operating margin9900 | -€6,793 | -€3,876 | -€5,888 | -€5,533 | -€5,986 | ▼ 8.2% |
| Operating profit (loss)9901 | -€7,839 | -€5,736 | -€7,747 | -€7,700 | -€9,211 | ▼ 19.6% |
| Financial charges65/66B | €688 | €13,951 | €19,572 | €16,056 | €16,911 | ▲ 5.3% |
| Recurring financial charges65 | €688 | €13,951 | €19,572 | €16,056 | €16,911 | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | -€8,527 | -€19,687 | -€27,320 | -€23,756 | -€26,123 | ▼ 10.0% |
| Profit (loss) for the period9904 | -€8,527 | -€19,687 | -€27,320 | -€23,756 | -€26,123 | ▼ 10.0% |
| Profit (loss) for the period to be appropriated9905 | -€8,527 | -€19,687 | -€27,320 | -€23,756 | -€26,123 | ▼ 10.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €584,462 | €1.3m | €620,782 | €610,506 | €603,196 | ▼ 1.2% |
| Formation expenses20 | €1,037 | €778 | €519 | €259 | - | - |
| Fixed assets21/28 | €579,998 | €578,398 | €576,798 | €575,198 | €582,608 | ▲ 1.3% |
| Tangible fixed assets22/27 | €7,214 | €5,614 | €4,014 | €2,414 | €9,824 | ▲ 307% |
| Furniture and vehicles24 | €7,214 | €5,614 | €4,014 | €2,414 | €9,824 | ▲ 307% |
| Financial fixed assets28 | €572,784 | €572,784 | €572,784 | €572,784 | €572,784 | = |
| Current assets29/58 | €3,427 | €717,548 | €43,465 | €35,049 | €20,589 | ▼ 41.3% |
| Amounts receivable within one year40/41 | - | - | - | - | €2,000 | - |
| Other amounts receivable41 | - | - | - | - | €2,000 | - |
| Cash at bank and in hand54/58 | €3,427 | €717,548 | €43,465 | €35,049 | €18,589 | ▼ 47.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €584,462 | €1.3m | €620,782 | €610,506 | €603,196 | ▼ 1.2% |
| Equity10/15 | €6,473 | -€13,214 | -€40,534 | -€64,289 | -€90,412 | ▼ 40.6% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Outside capital11 | €15,000 | €15,000 | - | - | - | - |
| Other1109/19 | €15,000 | €15,000 | - | - | - | - |
| Profit (loss) carried forward14 | -€8,527 | -€28,214 | -€55,534 | -€79,289 | -€105,412 | ▼ 32.9% |
| Amounts payable17/49 | €577,989 | €1.3m | €661,315 | €674,795 | €693,608 | ▲ 2.8% |
| Amounts payable within one year42/48 | €577,460 | €1.3m | €661,315 | €674,795 | €693,608 | ▲ 2.8% |
| Trade debts44 | - | - | €3,430 | €950 | €1,355 | ▲ 42.6% |
| Suppliers440/4 | - | - | €3,430 | €950 | €1,355 | ▲ 42.6% |
| Other amounts payable47/48 | €577,460 | €1.3m | €657,885 | €673,845 | €692,253 | ▲ 2.7% |
| Accrued charges and deferred income492/3 | €529 | €529 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,527 | -€19,687 | -€27,320 | -€23,756 | -€26,123 | ▼ 10.0% |
| + Depreciation and write-downs630 | €1,046 | €1,859 | €1,859 | €1,859 | €3,159 | ▲ 69.9% |
| Operating cash flow (approximation) | -€7,481 | -€17,827 | -€25,460 | -€21,896 | -€22,963 | ▼ 4.9% |
| Investment in fixed assets (approximation) | - | -€259 | -€259 | -€259 | -€10,569 | ▼ 3,976% |
| Change in cash | - | €714,121 | -€674,083 | -€8,416 | -€16,460 | ▼ 95.6% |
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
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€27,320
Net result drops to -€27,320, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bastogne · 1 establishment unit since 2020
Ground area
983 m²
Parcel 82302C0889/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
rue de la Californie 58, 6600 Bastogne
since 20202.385.179.421
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82302C0889/00F000 | Wallonia | 983 m² | - | - |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded24-12-2020
Fiscal year end31-12
Contact
E-mail
joachim@agse.be
Phone
+352621461508
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.