A2GV
ActiveSummary
A2GV has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €153,503. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 78% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-15
Solvency94▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.78 in 2024; short-term debt: 9.8% and cash: 4.3% of total assets), and 30.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.4%
Return on assets
5%
Age of the figures
9 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
1 d early
2022
19 d early
2021
16 d early
2020
5 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#8 company by equity in Herve, Real estate sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€153,503▼ 38.4%
2024 · €249,368
Working capital
€282,243▲ 23.5%
2024 · €228,526
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€851▲ 96.9%€4,906€21,593▲ 340%€16,495▼ 23.6%-€10,138
Net result€233,057above the sector's middle half▲ 13.5%€209,771above the sector's middle half▼ 10.0%€253,365above the sector's middle half▲ 20.8%€249,368above the sector's middle half▼ 1.6%€153,503above the sector's middle half▼ 38.4%
Equity€1.5mwithin the sector's middle half▲ 14.1%€1.6mwithin the sector's middle half▲ 7.4%€1.7mwithin the sector's middle half▲ 9.7%€2.0mwithin the sector's middle half▲ 14.3%€2.1mabove the sector's middle half▲ 7.7%
Total assets€2.3mwithin the sector's middle half▲ 3.5%€2.9mwithin the sector's middle half▲ 25.8%€3.1mwithin the sector's middle half▲ 4.3%€3.1mwithin the sector's middle half▲ 0.1%€3.1mwithin the sector's middle half▲ 0.6%
Debt€858,797▼ 10.9%€1.4m▲ 57.3%€1.3m▼ 1.9%€1.1m▼ 18.6%€944,836▼ 12.4%
Working capital€58,749▼ 7.9%-€50,490€38,799€228,526▲ 489%€282,243▲ 23.5%
Solvency63.2%above the sector's middle half▲ 5.9pp54.0%within the sector's middle half▼ 9.2pp56.8%within the sector's middle half▲ 2.8pp64.8%above the sector's middle half▲ 8.1pp69.4%above the sector's middle half▲ 4.6pp
Staff (FTE)1.4within the sector's middle half2.3within the sector's middle half▲ 64.3%2within the sector's middle half▼ 13.0%2within the sector's middle half=2above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10,138 after €16,495 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.1m
Fixed assets
€2.5m ▼ 1.8%
Current assets
€586,194 ▲ 12.5%
Equity and liabilities €3.1m
Equity
€2.1m ▲ 7.7%
Debt
€944,836 ▼ 12.4%
Debt's share of the balance-sheet total falls from 35.2% to 30.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€74,685▼
2024 · €109,698
Cash flow
€238,327▼
2024 · €342,572
Current ratio
1.93▲
2024 · 1.78
Debt to equity
0.44▼
2024 · 0.54
ROE
7.2%▼
2024 · 12.5%
ROA
5.0%▼
2024 · 8.1%
Interest coverage
4.72▼
2024 · 5.98
Debt ≤ 1 year
€303,951▲
2024 · €292,360
Debt > 1 year
€637,514▼
2024 · €782,543
Income taxes
€762▼
2024 · €792
Staff costs
€113,917▲
2024 · €102,440
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 |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €9,377 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €48,936 | €102,748 | €110,433 | €102,440 | €113,917 | ▲ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,580 | €78,837 | €87,259 | €93,203 | €84,823 | ▼ 9.0% |
| Other operating charges640/8 | €3,522 | €8,477 | €9,972 | €9,989 | €13,971 | ▲ 39.9% |
| Gross operating margin9900 | €80,187 | €194,968 | €229,257 | €222,127 | €202,574 | ▼ 8.8% |
| Operating profit (loss)9901 | -€851 | €4,906 | €21,593 | €16,495 | -€10,138 | ▼ 161% |
| Financial income75/76B | €239,895 | €221,050 | €250,032 | €252,000 | €180,238 | ▼ 28.5% |
| Recurring financial income75 | €239,895 | €221,050 | €250,032 | €252,000 | €180,238 | ▼ 28.5% |
| Financial charges65/66B | €5,987 | €15,679 | €17,780 | €18,335 | €15,834 | ▼ 13.6% |
| Recurring financial charges65 | €5,987 | €15,679 | €17,780 | €18,335 | €15,834 | ▼ 13.6% |
| Profit (loss) for the period before taxes9903 | €233,057 | €210,277 | €253,845 | €250,160 | €154,266 | ▼ 38.3% |
| Income taxes67/77 | - | €506 | €480 | €792 | €762 | ▼ 3.7% |
| Profit (loss) for the period9904 | €233,057 | €209,771 | €253,365 | €249,368 | €153,503 | ▼ 38.4% |
| Profit (loss) for the period to be appropriated9905 | €233,057 | €209,771 | €253,365 | €249,368 | €153,503 | ▼ 38.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.9m | €3.1m | €3.1m | €3.1m | ▲ 0.6% |
| Fixed assets21/28 | €2.0m | €2.6m | €2.6m | €2.5m | €2.5m | ▼ 1.8% |
| Tangible fixed assets22/27 | €468,111 | €1.1m | €1.1m | €1.0m | €915,447 | ▼ 8.5% |
| Land and buildings22 | €447,889 | €1.0m | €990,468 | €953,460 | €883,489 | ▼ 7.3% |
| Plant, machinery and equipment23 | €8,600 | €7,634 | €6,667 | €5,700 | €4,733 | ▼ 17.0% |
| Furniture and vehicles24 | €11,622 | €6,402 | €1,182 | - | - | - |
| Leasing and similar rights25 | - | €35,642 | €54,996 | €41,110 | €27,224 | ▼ 33.8% |
| Financial fixed assets28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.6m | ▲ 2.5% |
| Current assets29/58 | €320,594 | €338,429 | €464,554 | €520,886 | €586,194 | ▲ 12.5% |
| Amounts receivable within one year40/41 | €221,439 | €187,980 | €298,715 | €424,678 | €353,650 | ▼ 16.7% |
| Trade receivables40 | €12,207 | €28,748 | €160,017 | €272,678 | €208,650 | ▼ 23.5% |
| Other amounts receivable41 | €209,232 | €159,232 | €138,699 | €152,000 | €145,000 | ▼ 4.6% |
| Cash at bank and in hand54/58 | €98,480 | €140,720 | €155,158 | €87,892 | €131,991 | ▲ 50.2% |
| Deferred charges and accrued income490/1 | €676 | €9,729 | €10,680 | €8,316 | €100,553 | ▲ 1,109% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.9m | €3.1m | €3.1m | €3.1m | ▲ 0.6% |
| Equity10/15 | €1.5m | €1.6m | €1.7m | €2.0m | €2.1m | ▲ 7.7% |
| Contributions10/11 | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €1.4m | €1.6m | €1.7m | €1.9m | €2.1m | ▲ 10.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €1.4m | €1.6m | €1.7m | €1.9m | €2.1m | ▲ 10.5% |
| Profit (loss) carried forward14 | €56,968 | €16,739 | €20,104 | €69,472 | €22,976 | ▼ 66.9% |
| Amounts payable17/49 | €858,797 | €1.4m | €1.3m | €1.1m | €944,836 | ▼ 12.4% |
| Amounts payable after more than one year17 | €595,452 | €960,039 | €896,160 | €782,543 | €637,514 | ▼ 18.5% |
| Financial debts170/4 | €247,932 | €960,039 | €896,160 | €782,543 | €637,514 | ▼ 18.5% |
| Other amounts payable178/9 | €347,520 | - | - | - | - | - |
| Amounts payable within one year42/48 | €261,845 | €388,919 | €425,755 | €292,360 | €303,951 | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | €176,675 | €196,405 | €139,237 | €142,041 | €145,029 | ▲ 2.1% |
| Financial debts43 | €553 | - | - | - | - | - |
| Credit institutions430/8 | €553 | - | - | - | - | - |
| Trade debts44 | €20,839 | €21,395 | €62,254 | €8,933 | €20,346 | ▲ 128% |
| Suppliers440/4 | €20,839 | €21,395 | €62,254 | €8,933 | €20,346 | ▲ 128% |
| Taxes, remuneration and social security45 | €13,719 | €28,561 | €39,205 | €53,061 | €50,251 | ▼ 5.3% |
| Taxes450/3 | €13,719 | €12,808 | €17,872 | €30,367 | €22,948 | ▼ 24.4% |
| Remuneration and social security454/9 | - | €15,752 | €21,333 | €22,694 | €27,302 | ▲ 20.3% |
| Other amounts payable47/48 | €50,059 | €142,559 | €185,059 | €88,326 | €88,326 | = |
| Accrued charges and deferred income492/3 | €1,500 | €1,900 | €2,908 | €3,842 | €3,371 | ▼ 12.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €233,057 | €209,771 | €253,365 | €249,368 | €153,503 | ▼ 38.4% |
| + Depreciation and write-downs630 | €28,580 | €78,837 | €87,259 | €93,203 | €84,823 | ▼ 9.0% |
| Operating cash flow (approximation) | €261,637 | €288,608 | €340,623 | €342,572 | €238,327 | ▼ 30.4% |
| Investment in fixed assets (approximation) | - | -€662,834 | -€88,464 | -€40,160 | -€39,110 | ▲ 2.6% |
| Change in cash | - | €42,240 | €14,439 | -€67,266 | €44,098 | ▲ 166% |
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
21-08
State Gazette act
RestructuringDemerger · Capital · Shareholding13 facts ▸
State Gazette act
Restructuring
Demerger · Capital · Shareholding13 facts ▸
- Demerger, 11-08-2026
- Capital
- Shareholding, actions, 150
- Shareholding, actions, 150
- Capital
- Shareholding, actions, 50
- Shareholding, actions, 50
- Declaration, droits spéciaux
- Proposal, exemption rapport commissaire, sans objet
- Declaration, avantages particuliers administrateurs
- Other statement, répartition des actions, 6800
- Other statement, engagement des parties, approbation de l'assemblée générale de chaque société participant à la scission
- +1 further facts in this act
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €153,503 ▼38.4%
Net result drops to €153,503, the lowest in the series.
31-12
Financial
Equity above €2mEq €2.1m ▲7.7%
8 profitable years in a row build equity to €2.1m.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.34
Current ratio from 0.55 to 1.34.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €407,535 ▲119%
Net result €407,535, the highest in the series.
Show earlier events
31-12
Financial
Equity above €1mEq €1.1m ▲59.8%
2 profitable years in a row build equity to €1.1m.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herve · 1 establishment unit since 2015
Ground area
1.5 ha
Building footprint
6,490 m²
Volume, LiDAR
50,265 m³
Parcel 63006D0308/00B003, Wallonia · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
A2GV
since 20152.247.169.207
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0308/00B003 | Wallonia | 1.5 ha | 1 · 6,490 m² | 9.0 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.
Articles of association
Purpose
L'acquisition, la vente et la gestion de participations sous n'importe quelle forme dans toutes sociétés belges et étrangères, tant en vue de les valoriser qu'en exercice pur et…
Full purpose (16 activities)
- L'acquisition, la vente et la gestion de participations sous n'importe quelle forme dans toutes sociétés belges et étrangères, tant en vue de les valoriser qu'en exercice pur et simple de mandats d'administration
- La prestation de tous services administratifs, informatiques, financiers, de gestion et de management au sens le plus large
- L'exploitation de toutes licences, de tous brevets et marques
- La valorisation de toutes connaissances techniques non brevetées
- Toutes opérations d'agents d'affaires, de commissionnaires en marchandises ou prestataires de services
- L'étude, la création, l'acquisition, la vente, la mise en valeur, l'exploitation, la direction, la gérance, la régie, l'organisation, le financement, le contrôle de toutes affaires ou entreprises industrielles, commerciales, financières, mobilières ou immobilières
- L'acquisition, par voie d'achat ou autrement, de toutes valeurs mobilières, toutes créances, toutes parts d'associés, toutes participations dans toutes entreprises industrielles, commerciales ou financières, l'accomplissement pour elle-même de tous actes de gestion de portefeuille ou de capitaux, la commandite de toutes entreprises, le constitution par voie d'apport ou autrement de toutes sociétés ou syndicat, en bref, toutes opérations propres aux sociétés à portefeuille
- La gestion de biens immobiliers pour son propre compte sous toutes ses formes. En conséquence, la société pourra acheter, vendre, mettre en valeur, donner en location ou prendre en location, gérer, administrer, entretenir, améliorer, construire et reconstruire, tout immeuble ou partie d'immeuble. Elle pourra cautionner ou avaliser tous engagements de tiers au moyen de ses biens, meubles ou immeubles, affecter en hypothèque à la garantie des engagements qu'elle pourrait souscrire en nom personnel ou ceux que des tiers pourraient souscrire. La société peut également effectuer des placements mobiliers pour son propre compte à court, moyen ou long terme
- La fabrication, l'achat, la vente, la représentation, l'importation, l'exportation, le courtage de tous produits manufacturés ou non, marchandises et matières premières
- Toutes opérations se rapportant par extension à la mécanique, l'électricité, la pose de câbfes électriques et de canalisations diverses, à l'installation de tuyauterie industrielle, de ventilation, d'aération de chauffage à air chaud, de conditionnement d'air et de calorifugeage
- Elle peut s'intéresser par voie de souscription, de participation, d'acquisition, de cession, d'apport ou de fusion ou autrement, dans toutes affaires, entreprises, associations ou sociétés, belges ou étrangères, créées ou à créer, ayant un objet analogue ou connexe au sien, ou de nature à favoriser son entreprise, à lui procurer des matières premières ou à faciliter l'écoulement de ses produits
- La société peut être administrateur, liquidateur
- Elle peut notamment se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société liée ou non
- I. toute activité en lien avec la notion de « société holding », et notamment :
- II. toute activité dans le domaine de la climatisation conditionnement d'air - pompes à chaleur toutes opérations - et plus particulièrement acquérir, vendre, représenter, fabriquer, transformer ou entretenir- se rapportant directement ou indirectement à la réfrigération, au chauffage, traitement de l'eau, de l'air ou toute autre substance;
- III. Elle peut accomplir toutes opérations civiles, commerciales, industrielles, financières, mobilières ou immobilières se rapportant directement ou indirectement à son objet ou pouvant en faciliter la réalisation.
Accounting effect
01-07-2026
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of A2GV and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionSplit off to:FAGORIS
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 21-08-2026 ↗
- Gérald FAWAY 150 shares
- Valentin FAWAY 150 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 21-08-2026 Capital stated in the act · 300 shares
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Identification & contact
Identification
Legal formPrivate limited company
Founded12-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0640856630
Also
9925:BE0640856630
Registered
06-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.