AG Concepts
ActiveSummary
The computed 12-month bankruptcy probability of AG Concepts is 1.7% (moderate). The 2025 annual accounts show negative equity (-€67,435) and a net result of -€18,658. Equity is shrinking by ~95.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 14284 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability12▲+3
Solvency5▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.12 against 0.15 in 2024; short-term debt: 3.4% and cash: 0.6% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
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 →
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
-19.6%
Return on assets
-5.4%
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
202122232425
2020 to 2025 · latest year -€67,435
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 13-05-2026, 79 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
79 d early
2024
8 d early
2023
40 d early
2022
9 d late
2021
2 d early
2020
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 21 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. Usually files around 23 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€67,435▼ 38.3%
2024 · -€48,777
Total assets
€343,672▼ 1.8%
2024 · €349,858
Net result
-€18,658▲ 32.1%
2024 · -€27,496
Working capital
€1,441
2024 · -€74,559
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€4,215▼ 279%-€18,098▼ 329%-€6,360▲ 64.9%-€26,982▼ 324%-€11,240▲ 58.3%
Net result-€4,432within the sector's middle half▼ 175%-€18,449below the sector's middle half▼ 316%-€6,790within the sector's middle half▲ 63.2%-€27,496below the sector's middle half▼ 305%-€18,658below the sector's middle half▲ 32.1%
Equity€3,959below the sector's middle half▼ 52.8%-€14,491below the sector's middle half-€21,281below the sector's middle half▼ 46.9%-€48,777below the sector's middle half▼ 129%-€67,435below the sector's middle half▼ 38.3%
Total assets€6,482below the sector's middle half▼ 54.3%€998below the sector's middle half▼ 84.6%€1,109below the sector's middle half▲ 11.1%€349,858within the sector's middle half▲ 31,446%€343,672within the sector's middle half▼ 1.8%
Debt€2,523▼ 56.5%€15,489▲ 514%€22,390▲ 44.6%€398,636▲ 1,680%€411,108▲ 3.1%
Working capital€2,939within the sector's middle half▼ 51.6%-€14,491within the sector's middle half-€1,281within the sector's middle half▲ 91.2%-€74,559within the sector's middle half▼ 5,720%€1,441within the sector's middle half
Solvency61.1%within the sector's middle half▲ 1.9pp-13.9%below the sector's middle half-19.6%below the sector's middle half▼ 5.7pp
Current ratio2.16within the sector's middle half▲ 0.120.15below the sector's middle half1.12within the sector's middle half▲ 0.97
Return on assets (ROA)-68.4%below the sector's middle half▼ 57.0pp-7.9%below the sector's middle half-5.4%below the sector's middle half▲ 2.4pp
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.
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 €11,240 in 2025 against €26,982 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €343,672
Fixed assets
€330,591 ▼ 1.8%
Current assets
€13,081 ▼ 2.1%
Key figures and ratios
EBITDA
-€2,181▲
2024 · -€26,405
Cash flow
-€9,599▲
2024 · -€26,919
Debt to equity
-6.10▲
2024 · -8.17
Interest coverage
-0.30▲
2024 · -116.18
Debt ≤ 1 year
€11,640▼
2024 · €87,916
Debt > 1 year
€399,467▲
2024 · €310,719
Income taxes
€234▼
2024 · €287
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
5.1%
went bankrupt
5.4%
stopped otherwise
89%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,564 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 | €1,297 | €1,020 | - | €577 | €9,059 | ▲ 1,470% |
| Other operating charges640/8 | €916 | €888 | €1,084 | €1,349 | €6,570 | ▲ 387% |
| Gross operating margin9900 | -€2,002 | -€16,190 | -€5,275 | -€25,055 | €4,388 | ▲ 118% |
| Operating profit (loss)9901 | -€4,215 | -€18,098 | -€6,360 | -€26,982 | -€11,240 | ▲ 58.3% |
| Financial charges65/66B | €179 | €183 | €241 | €227 | €7,184 | ▲ 3,061% |
| Recurring financial charges65 | €179 | €183 | €241 | €227 | €7,184 | ▲ 3,061% |
| Profit (loss) for the period before taxes9903 | -€4,394 | -€18,282 | -€6,600 | -€27,209 | -€18,424 | ▲ 32.3% |
| Income taxes67/77 | €38 | €168 | €190 | €287 | €234 | ▼ 18.4% |
| Profit (loss) for the period9904 | -€4,432 | -€18,449 | -€6,790 | -€27,496 | -€18,658 | ▲ 32.1% |
| Profit (loss) for the period to be appropriated9905 | -€4,432 | -€18,449 | -€6,790 | -€27,496 | -€18,658 | ▲ 32.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6,482 | €998 | €1,109 | €349,858 | €343,672 | ▼ 1.8% |
| Fixed assets21/28 | €1,020 | - | - | €336,501 | €330,591 | ▼ 1.8% |
| Tangible fixed assets22/27 | €1,020 | - | - | €336,501 | €330,591 | ▼ 1.8% |
| Land and buildings22 | - | - | - | €332,363 | €324,787 | ▼ 2.3% |
| Furniture and vehicles24 | €1,020 | - | - | €4,138 | €5,804 | ▲ 40.3% |
| Current assets29/58 | €5,462 | €998 | €1,109 | €13,358 | €13,081 | ▼ 2.1% |
| Amounts receivable within one year40/41 | €4,501 | €998 | €129 | €2,189 | €5,309 | ▲ 143% |
| Trade receivables40 | €3,111 | - | - | €248 | €2,200 | ▲ 787% |
| Other amounts receivable41 | €1,390 | €998 | €129 | €1,941 | €3,109 | ▲ 60.2% |
| Cash at bank and in hand54/58 | €962 | €0 | €980 | €4,072 | €1,921 | ▼ 52.8% |
| Deferred charges and accrued income490/1 | - | - | - | €7,097 | €5,852 | ▼ 17.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6,482 | €998 | €1,109 | €349,858 | €343,672 | ▼ 1.8% |
| Equity10/15 | €3,959 | -€14,491 | -€21,281 | -€48,777 | -€67,435 | ▼ 38.3% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€6,041 | -€24,491 | -€31,281 | -€58,777 | -€77,435 | ▼ 31.7% |
| Amounts payable17/49 | €2,523 | €15,489 | €22,390 | €398,636 | €411,108 | ▲ 3.1% |
| Amounts payable after more than one year17 | - | - | €20,000 | €310,719 | €399,467 | ▲ 28.6% |
| Financial debts170/4 | - | - | - | €310,719 | €399,467 | ▲ 28.6% |
| Other amounts payable178/9 | - | - | €20,000 | - | - | - |
| Amounts payable within one year42/48 | €2,523 | €15,489 | €2,390 | €87,916 | €11,640 | ▼ 86.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,281 | €8,252 | ▲ 13.3% |
| Trade debts44 | €64 | €126 | €558 | €77,726 | €400 | ▼ 99.5% |
| Suppliers440/4 | €64 | €126 | €558 | €77,726 | €400 | ▼ 99.5% |
| Taxes, remuneration and social security45 | €2,459 | €396 | €975 | €490 | €785 | ▲ 60.0% |
| Taxes450/3 | €2,459 | €396 | €975 | €490 | €785 | ▲ 60.0% |
| Other amounts payable47/48 | - | €14,967 | €858 | €2,419 | €2,204 | ▼ 8.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,432 | -€18,449 | -€6,790 | -€27,496 | -€18,658 | ▲ 32.1% |
| + Depreciation and write-downs630 | €1,297 | €1,020 | - | €577 | €9,059 | ▲ 1,470% |
| Operating cash flow (approximation) | -€3,135 | -€17,430 | -€6,790 | -€26,919 | -€9,599 | ▲ 64.3% |
| Investment in fixed assets (approximation) | - | - | - | - | -€3,149 | - |
| Change in cash | - | -€962 | €979 | €3,092 | -€2,151 | ▼ 170% |
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
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 7current ratio 1.12
Current ratio from 0.15 to 1.12; short-term debt falls from €87,916 to €11,640.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€27,496
Net result drops to -€27,496, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Brussel · 1 establishment unit since 2019
Ground area
3,627 m²
Building footprint
2,163 m²
Volume, LiDAR
17,347 m³
Parcel 21821C0148/00P000, Brussels · tallest building 16.8 m, ±2 floors. Linked by address, not a title deed.
47
companies at this address
See who is registered here
1 establishment unit
AG PROPERTIES
since 20192.295.146.593
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821C0148/00P000 | Brussels | 3,627 m² | 1 · 2,163 m² | 16.8 m · 2 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.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 1,152 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
Founded08-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
41001General construction of residential buildings
68122Development of non-residential building projects
43110Demolition
43990Other specialised construction activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68321Property management for co-owned buildings (syndics)
70200Business and other management consultancy
74130Interior design
E-invoicing
Reachable via Peppol
Peppol ID
0208:0735852688
Also
9925:BE0735852688
Registered
08-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.