AG Build
Open bankruptcySummary
A bankruptcy procedure is open for AG Build according to publications in the Belgian State Gazette. The 2025 annual accounts show equity of €86k and a net result of €1k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 7838 sector peers (2025).
NBB · sector comparisonPosition among 7838 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-09-2026, 35 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 · 10 filingsDeviation from the deadline
2025
35 d late
2024
2 d early
2023
30 d late
2022
23 d late
2021
152 d late
2020
104 d late
2019
94 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1k▼ 89.3%
2024 · €10k
2018: €4k
2019: €1k▼ -69.8% vs 2018
2020: €11k▲ +879% vs 2019highest in 8 years
2021: €11k▼ -5.5% vs 2020
2022: €11k▲ +5.6% vs 2021
2023: €10k▼ -9.8% vs 2022
2024: €10k▲ +1.3% vs 2023
2025: €1k▼ -89.3% vs 2024lowest in 8 years
2018 → 2025
Working capital
€84k▲ 0.1%
2024 · €84k
2018: €15klowest in 8 years
2019: €24k▲ +56.3% vs 2018
2020: €42k▲ +76.8% vs 2019
2021: €128k▲ +207% vs 2020highest in 8 years
2022: €99k▼ -22.2% vs 2021
2023: €86k▼ -13.9% vs 2022
2024: €84k▼ -1.4% vs 2023
2025: €84k▲ +0.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€53k-€64k▲ 21.7%€75k▲ 16.1%€85k▲ 14.0%€86k▲ 1.3%
2021: €53klowest in 5 years
2022: €64k▲ +21.7% vs 2021
2023: €75k▲ +16.1% vs 2022
2024: €85k▲ +14.0% vs 2023
2025: €86k▲ +1.3% vs 2024highest in 5 years
Operating result€16k-€22k▲ 35.6%€18k▼ 15.4%€2k▼ 91.0%€14k▲ 772%
2021: €16k
2022: €22k▲ +35.6% vs 2021highest in 5 years
2023: €18k▼ -15.4% vs 2022
2024: €2k▼ -91.0% vs 2023lowest in 5 years
2025: €14k▲ +772% vs 2024
Net result€11k-€11k▲ 5.6%€10k▼ 9.8%€10k▲ 1.3%€1k▼ 89.3%
2021: €11k
2022: €11k▲ +5.6% vs 2021highest in 5 years
2023: €10k▼ -9.8% vs 2022
2024: €10k▲ +1.3% vs 2023
2025: €1k▼ -89.3% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 772% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €505k
Fixed assets
€24k ▼ 5.4%
Current assets
€481k ▲ 23.1%
Equity and liabilities €505k
Equity
€86k ▲ 1.3%
Debt
€419k ▲ 26.4%
Debt's share of the balance-sheet total rises from 79.6% to 82.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k▲
2024 · €15k
Cash flow
€14k▼
2024 · €24k
Current ratio
1.21▼
2024 · 1.27
Quick ratio
0.41▼
2024 · 0.70
Debt to equity
4.86▲
2024 · 3.89
ROE
1.3%▼
2024 · 12.3%
ROA
0.2%▼
2024 · 2.5%
Interest coverage
2.80▲
2024 · 1.63
Debt ≤ 1 year
€397k▲
2024 · €307k
Debt > 1 year
€22k▼
2024 · €25k
Income taxes
€3k▲
2024 · €3k
Staff costs
€35k▲
2024 · €28k
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€416k€505k▲
Fixed assets21/28€25k€24k▼
Tangible fixed assets22/27€25k€24k▼
Plant, machinery and equipment23€1k€560▼
Furniture and vehicles24€24k€23k▼
Financial fixed assets28€345€345=
Current assets29/58€391k€481k▲
Stocks and contracts in progress3€177k€317k▲
Stocks30/36€71k€22k▼
Contracts in progress37€105k€295k▲
Amounts receivable within one year40/41€214k€164k▼
Trade receivables40€184k€154k▼
Other amounts receivable41€30k€9k▼
Cash at bank and in hand54/58€515€897▲
Equity and liabilities
Total equity and liabilities10/49€416k€505k▲
Equity10/15€85k€86k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€171€171=
Non-distributable reserves130/1€171€171=
Legal reserve130€171€171=
Profit (loss) carried forward14€66k€67k▲
Amounts payable17/49€331k€419k▲
Amounts payable after more than one year17€25k€22k▼
Financial debts170/4€25k€22k▼
Amounts payable within one year42/48€307k€397k▲
Financial debts43€53k€74k▲
Credit institutions430/8€53k€74k▲
Trade debts44€149k€152k▲
Suppliers440/4€149k€152k▲
Advances received on contracts in progress46€5k€35k▲
Taxes, remuneration and social security45€20k€18k▼
Taxes450/3€8k€3k▼
Remuneration and social security454/9€12k€15k▲
Other amounts payable47/48€79k€117k▲
Income statement
Code20242025
Remuneration, social security and pensions62€28k€35k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A€310-
Gross operating margin9900€45k€66k▲
Operating profit (loss)9901€2k€14k▲
Financial income75/76B€21k-
Recurring financial income75€394-
Non-recurring financial income76B€20k-
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€13k€5k▼
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€10k€1k▼
Profit (loss) for the period to be appropriated9905€10k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€66k€67k▲
Profit (loss) brought forward from the previous period14P€56k€66k▲
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €44k | €23k | €27k | €28k | €35k | ▲ 25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €13k | €14k | €13k | €13k | ▼ 0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €9k | - | - | - | - | - |
| Other operating charges640/8 | €2k | €4k | €1k | €3k | €4k | ▲ 31.7% |
| Non-recurring operating charges66A | - | €1k | €195 | €310 | - | - |
| Gross operating margin9900 | €75k | €63k | €60k | €45k | €66k | ▲ 44.3% |
| Operating profit (loss)9901 | €16k | €22k | €18k | €2k | €14k | ▲ 772% |
| Financial income75/76B | €7 | €5 | €198 | €21k | - | - |
| Recurring financial income75 | €7 | €5 | €198 | €394 | - | - |
| Non-recurring financial income76B | - | - | - | €20k | - | - |
| Financial charges65/66B | €2k | €7k | €9k | €9k | €10k | ▲ 7.6% |
| Recurring financial charges65 | €2k | €7k | €9k | €9k | €10k | ▲ 7.6% |
| Profit (loss) for the period before taxes9903 | €14k | €15k | €10k | €13k | €5k | ▼ 65.9% |
| Income taxes67/77 | €4k | €3k | €-416 | €3k | €3k | ▲ 18.5% |
| Profit (loss) for the period9904 | €11k | €11k | €10k | €10k | €1k | ▼ 89.3% |
| Profit (loss) for the period to be appropriated9905 | €11k | €11k | €10k | €10k | €1k | ▼ 89.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €251k | €367k | €341k | €416k | €505k | ▲ 21.3% |
| Fixed assets21/28 | €23k | €27k | €29k | €25k | €24k | ▼ 5.4% |
| Tangible fixed assets22/27 | €23k | €26k | €29k | €25k | €24k | ▼ 5.5% |
| Plant, machinery and equipment23 | - | €2k | €2k | €1k | €560 | ▼ 50.0% |
| Furniture and vehicles24 | €23k | €24k | €27k | €24k | €23k | ▼ 3.4% |
| Financial fixed assets28 | €345 | €345 | €345 | €345 | €345 | = |
| Current assets29/58 | €228k | €340k | €312k | €391k | €481k | ▲ 23.1% |
| Stocks and contracts in progress3 | - | €122k | €95k | €177k | €317k | ▲ 79.4% |
| Stocks30/36 | - | - | - | €71k | €22k | ▼ 69.8% |
| Contracts in progress37 | - | €122k | €95k | €105k | €295k | ▲ 180% |
| Amounts receivable within one year40/41 | €228k | €215k | €214k | €214k | €164k | ▼ 23.5% |
| Trade receivables40 | €197k | €190k | €196k | €184k | €154k | ▼ 16.1% |
| Other amounts receivable41 | €31k | €25k | €18k | €30k | €9k | ▼ 69.2% |
| Cash at bank and in hand54/58 | €150 | €3k | €3k | €515 | €897 | ▲ 74.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €251k | €367k | €341k | €416k | €505k | ▲ 21.3% |
| Equity10/15 | €53k | €64k | €75k | €85k | €86k | ▲ 1.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | €19k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €171 | €171 | €171 | €171 | €171 | = |
| Non-distributable reserves130/1 | €171 | €171 | €171 | €171 | €171 | = |
| Legal reserve130 | €171 | €171 | €171 | €171 | €171 | = |
| Profit (loss) carried forward14 | €34k | €46k | €56k | €66k | €67k | ▲ 1.7% |
| Amounts payable17/49 | €198k | €303k | €267k | €331k | €419k | ▲ 26.4% |
| Amounts payable after more than one year17 | €11k | €62k | €40k | €25k | €22k | ▼ 9.8% |
| Financial debts170/4 | €11k | €62k | €40k | €25k | €22k | ▼ 9.8% |
| Amounts payable within one year42/48 | €101k | €241k | €226k | €307k | €397k | ▲ 29.4% |
| Current portion of amounts payable after more than one year42 | €6k | - | - | - | - | - |
| Financial debts43 | €50k | €71k | €57k | €53k | €74k | ▲ 39.1% |
| Credit institutions430/8 | €50k | €71k | €57k | €53k | €74k | ▲ 39.1% |
| Trade debts44 | €12k | €99k | €97k | €149k | €152k | ▲ 1.6% |
| Suppliers440/4 | €12k | €99k | €97k | €149k | €152k | ▲ 1.6% |
| Advances received on contracts in progress46 | - | - | - | €5k | €35k | ▲ 640% |
| Taxes, remuneration and social security45 | €32k | €18k | €17k | €20k | €18k | ▼ 9.0% |
| Taxes450/3 | €4k | €18k | €5k | €8k | €3k | ▼ 59.3% |
| Remuneration and social security454/9 | €28k | - | €13k | €12k | €15k | ▲ 24.2% |
| Other amounts payable47/48 | - | €53k | €55k | €79k | €117k | ▲ 48.2% |
| Accrued charges and deferred income492/3 | €87k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €11k | €10k | €10k | €1k | ▼ 89.3% |
| + Depreciation and write-downs630 | €5k | €13k | €14k | €13k | €13k | ▼ 0.4% |
| Operating cash flow (approximation) | €16k | €24k | €24k | €24k | €14k | ▼ 39.9% |
| Investment in fixed assets (approximation) | - | €-17k | €-16k | €-9k | €-12k | ▼ 24.8% |
| Change in cash | - | €3k | €-181 | €-2k | €381 | ▲ 117% |
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
04-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 35 days late
24-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 16-07-2026
2025
31-12
Financial
Weakest financial yearnet €1k ▼89.3%
Net result drops to €1k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 152 days late
2021
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 104 days late
2020
31-12
Financial
Highest result since 2018net €11k ▲879%
Net result €11k, the highest in the series.
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 94 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
15-03
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · event 12-03-2019
Show earlier events
20-02
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 11-02-2019
2018
13-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 105 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
SignalFinancial 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, Etterbeek · 1 establishment unit since 2013
Ground area
117 m²
Building footprint
118 m²
Volume, LiDAR
1,978 m³
Parcel 21363B0482/00L003, Brussels · tallest building 18.5 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Philippe Baucqstraat 138b, 1040 Etterbeek
since 20132.224.854.455
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0482/00L003 | Brussels | 117 m² | 1 · 118 m² | 18.5 m · 6 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | EMILIE MICHEL AVENUE DE FRE 229, 1180 02 UCCLE- |
16-07-2026 → present |
| Curator | LUC AUSTRAET AVENUE COMMANDANT
LOTHAIRE 14, 1040 BRUXELLES 4 |
11-02-2019 → 12-03-2019 |
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,253 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 (pre-2019)
Founded03-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.