AG CONCEPT
ActiveSummary
AG CONCEPT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€22,352) and a net result of -€2,347. Equity is growing by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 4695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-9
Solvency19▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.42 in 2024; short-term debt: 23.3% and cash: 0.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
-5.9%
Return on assets
-0.6%
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
1819202122232425
2018 to 2025 · latest year -€22,352
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 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
32 d late
2024
28 d late
2023
26 d late
2022
31 d late
2021
44 d early
2020
20 d late
2019
74 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 3 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#7 company by total assets in Chaudfontaine, Other services sector#7 oldest company in Chaudfontaine, Other services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€2,347
2024 · €1,948
Working capital
-€77,498▲ 3.7%
2024 · -€80,448
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service 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€14,906▼ 5.3%€16,832▲ 12.9%€16,412▼ 2.5%€10,625▼ 35.3%€14,837▲ 39.6%
Net result€10,799within the sector's middle half▲ 0.1%€13,872above the sector's middle half▲ 28.4%€14,266above the sector's middle half▲ 2.8%€1,948within the sector's middle half▼ 86.3%-€2,347within the sector's middle half
Equity-€50,091below the sector's middle half▲ 17.7%-€36,219below the sector's middle half▲ 27.7%-€21,953below the sector's middle half▲ 39.4%-€20,004below the sector's middle half▲ 8.9%-€22,352below the sector's middle half▼ 11.7%
Total assets€49,108below the sector's middle half▼ 16.1%€43,964within the sector's middle half▼ 10.5%€41,550within the sector's middle half▼ 5.5%€445,844above the sector's middle half▲ 973%€378,227above the sector's middle half▼ 15.2%
Debt€99,198▼ 17.0%€80,183▼ 19.2%€63,502▼ 20.8%€465,848▲ 634%€400,578▼ 14.0%
Working capital-€33,717▲ 2.7%-€35,857▼ 6.3%-€32,004▲ 10.7%-€80,448▼ 151%-€77,498▲ 3.7%
Solvency-102.0%below the sector's middle half▲ 2.0pp-82.4%below the sector's middle half▲ 19.6pp-52.8%below the sector's middle half▲ 29.5pp-4.5%within the sector's middle half▲ 48.3pp-5.9%within the sector's middle half▼ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 40% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €378,227
Fixed assets
€367,546 ▼ 4.9%
Current assets
€10,681 ▼ 82.0%
Key figures and ratios
EBITDA
€32,393▲
2024 · €25,043
Cash flow
€15,209▼
2024 · €16,366
Current ratio
0.12▼
2024 · 0.42
Debt to equity
-17.92▲
2024 · -23.29
ROA
-0.6%▼
2024 · 0.4%
Interest coverage
1.89▼
2024 · 2.89
Debt ≤ 1 year
€88,179▼
2024 · €139,806
Debt > 1 year
€312,399▼
2024 · €326,042
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,799 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,833 | €4,484 | €4,286 | €14,418 | €17,557 | ▲ 21.8% |
| Other operating charges640/8 | €1,591 | €2,050 | €2,517 | €3,404 | €4,031 | ▲ 18.4% |
| Non-recurring operating charges66A | - | €702 | - | - | - | - |
| Gross operating margin9900 | €23,330 | €24,069 | €23,214 | €28,447 | €36,424 | ▲ 28.0% |
| Operating profit (loss)9901 | €14,906 | €16,832 | €16,412 | €10,625 | €14,837 | ▲ 39.6% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | €4,107 | €2,961 | €2,145 | €8,677 | €17,184 | ▲ 98.0% |
| Recurring financial charges65 | €4,107 | €2,961 | €2,145 | €8,677 | €17,184 | ▲ 98.0% |
| Profit (loss) for the period before taxes9903 | €10,799 | €13,872 | €14,266 | €1,948 | -€2,347 | ▼ 220% |
| Profit (loss) for the period9904 | €10,799 | €13,872 | €14,266 | €1,948 | -€2,347 | ▼ 220% |
| Profit (loss) for the period to be appropriated9905 | €10,799 | €13,872 | €14,266 | €1,948 | -€2,347 | ▼ 220% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,108 | €43,964 | €41,550 | €445,844 | €378,227 | ▼ 15.2% |
| Fixed assets21/28 | €44,652 | €40,168 | €35,882 | €386,486 | €367,546 | ▼ 4.9% |
| Tangible fixed assets22/27 | €44,652 | €40,168 | €35,882 | €386,486 | €367,546 | ▼ 4.9% |
| Land and buildings22 | €39,175 | €36,207 | €33,241 | €385,166 | €367,546 | ▼ 4.6% |
| Other tangible fixed assets26 | €5,477 | €3,961 | €2,640 | €1,320 | - | - |
| Current assets29/58 | €4,456 | €3,797 | €5,668 | €59,358 | €10,681 | ▼ 82.0% |
| Amounts receivable within one year40/41 | €3,529 | €2,241 | €2,304 | €49,914 | €6,645 | ▼ 86.7% |
| Trade receivables40 | €1,207 | - | - | €47,610 | €4,303 | ▼ 91.0% |
| Other amounts receivable41 | €2,322 | €2,241 | €2,304 | €2,304 | €2,342 | ▲ 1.7% |
| Cash at bank and in hand54/58 | €617 | €1,275 | €1,473 | €2,583 | €516 | ▼ 80.0% |
| Deferred charges and accrued income490/1 | €311 | €281 | €1,891 | €6,861 | €3,520 | ▼ 48.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,108 | €43,964 | €41,550 | €445,844 | €378,227 | ▼ 15.2% |
| Equity10/15 | -€50,091 | -€36,219 | -€21,953 | -€20,004 | -€22,352 | ▼ 11.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€56,291 | -€42,419 | -€28,153 | -€26,204 | -€28,552 | ▼ 9.0% |
| Amounts payable17/49 | €99,198 | €80,183 | €63,502 | €465,848 | €400,578 | ▼ 14.0% |
| Amounts payable after more than one year17 | €59,243 | €40,529 | €25,830 | €326,042 | €312,399 | ▼ 4.2% |
| Financial debts170/4 | €33,413 | €14,699 | - | €300,212 | €286,569 | ▼ 4.5% |
| Other amounts payable178/9 | €25,830 | €25,830 | €25,830 | €25,830 | €25,830 | = |
| Amounts payable within one year42/48 | €38,174 | €39,654 | €37,672 | €139,806 | €88,179 | ▼ 36.9% |
| Current portion of amounts payable after more than one year42 | €18,296 | €18,714 | €14,699 | €13,068 | €13,643 | ▲ 4.4% |
| Trade debts44 | €6,419 | €5,894 | €4,305 | €50,771 | €906 | ▼ 98.2% |
| Suppliers440/4 | €6,419 | €5,894 | €4,305 | €50,771 | €906 | ▼ 98.2% |
| Other amounts payable47/48 | €13,459 | €15,047 | €18,668 | €75,967 | €73,630 | ▼ 3.1% |
| Accrued charges and deferred income492/3 | €1,782 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,799 | €13,872 | €14,266 | €1,948 | -€2,347 | ▼ 220% |
| + Depreciation and write-downs630 | €6,833 | €4,484 | €4,286 | €14,418 | €17,557 | ▲ 21.8% |
| Operating cash flow (approximation) | €17,632 | €18,356 | €18,552 | €16,366 | €15,209 | ▼ 7.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€365,023 | €1,384 | ▲ 100% |
| Change in cash | - | €658 | €199 | €1,110 | -€2,067 | ▼ 286% |
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
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 32 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Highest result since 2018net €14,266 ▲2.8%
Net result €14,266, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €9,267
Net result €9,267 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 51 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Chaudfontaine · 1 establishment unit since 2005
Ground area
1,274 m²
Building footprint
267 m²
Volume, LiDAR
2,002 m³
2 parcels, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
CAMILLE ALBANE
since 20052.149.912.750
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62030A0044/00S002 | Wallonia | 693 m² | 1 · 92 m² | 9.5 m · 3 fl. |
| 62030A0056/00W009 | Wallonia | 581 m² | 1 · 175 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,734 companies in sector 96210 we hold annual accounts for 2,835. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877013919
Also
9925:BE0877013919
Registered
09-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.