AG CONSTRUCT TOITURES
ActiveSummary
AG CONSTRUCT TOITURES has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €577k and a net result of €65k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-1
Solvency79▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.28 against 2.37 in 2024; short-term debt: 21% and cash: 24.4% of total assets), and 45.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
54.4%
Return on assets
6.1%
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 04-07-2026, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
27 d early
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
31 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
€65k▼ 18.7%
2024 · €80k
Working capital
€286k▼ 12.2%
2024 · €325k
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€39k▲ 12.8%€140k▲ 259%€238k▲ 69.4%€83k▼ 65.3%€101k▲ 21.8%
Net result€22k▼ 25.6%€124k▲ 462%€190k▲ 53.1%€80k▼ 57.8%€65k▼ 18.7%
Equity€342k▲ 6.9%€466k▲ 36.3%€584k▲ 25.4%€592k▲ 1.5%€577k▼ 2.5%
Total assets€679k▲ 5.8%€1.27M▲ 86.4%€952k▼ 24.8%€1.23M▲ 28.8%€1.06M▼ 13.5%
Debt€338k▲ 4.8%€801k▲ 137%€368k▼ 54.0%€634k▲ 72.1%€483k▼ 23.8%
Working capital€77k▼ 38.8%€130k▲ 69.7%€265k▲ 103%€325k▲ 22.7%€286k▼ 12.2%
Staff (FTE)1515=13▼ 13.3%12▼ 7.7%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 22% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.06M
Fixed assets
€552k ▼ 16.9%
Current assets
€509k ▼ 9.5%
Equity and liabilities €1.06M
Equity
€577k ▼ 2.5%
Debt
€483k ▼ 23.8%
Debt's share of the balance-sheet total falls from 51.7% to 45.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€259k▲
2024 · €229k
Cash flow
€223k▼
2024 · €227k
Current ratio
2.28▼
2024 · 2.37
Quick ratio
2.10▼
2024 · 2.32
Debt to equity
0.84▼
2024 · 1.07
ROE
11.3%▼
2024 · 13.5%
ROA
6.1%▼
2024 · 6.5%
Interest coverage
11.91▲
2024 · 10.53
Debt ≤ 1 year
€223k▼
2024 · €237k
Debt > 1 year
€260k▼
2024 · €327k
Income taxes
€25k▲
2024 · €18k
Staff costs
€721k▼
2024 · €756k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €645k | €652k | €656k | €756k | €721k | ▼ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91k | €115k | €112k | €147k | €158k | ▲ 7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €17k | - | €-17k | €3k | €-3k | ▼ 200% |
| Other operating charges640/8 | €6k | €6k | €5k | €7k | €8k | ▲ 8.7% |
| Non-recurring operating charges66A | - | €20k | €14k | €14k | €19k | ▲ 33.9% |
| Gross operating margin9900 | €799k | €933k | €1.01M | €1.01M | €1.00M | ▼ 0.5% |
| Operating profit (loss)9901 | €39k | €140k | €238k | €83k | €101k | ▲ 21.8% |
| Financial income75/76B | €1k | €25k | €26k | €37k | €11k | ▼ 69.9% |
| Recurring financial income75 | €1k | €1k | €3k | €2k | €3k | ▲ 14.5% |
| Non-recurring financial income76B | - | €24k | €23k | €35k | €9k | ▼ 75.2% |
| Financial charges65/66B | €5k | €7k | €8k | €22k | €22k | ▼ 0.3% |
| Recurring financial charges65 | €5k | €7k | €8k | €22k | €22k | ▼ 0.3% |
| Profit (loss) for the period before taxes9903 | €35k | €159k | €256k | €98k | €90k | ▼ 8.0% |
| Income taxes67/77 | €13k | €35k | €66k | €18k | €25k | ▲ 40.5% |
| Profit (loss) for the period9904 | €22k | €124k | €190k | €80k | €65k | ▼ 18.7% |
| Profit (loss) for the period to be appropriated9905 | €22k | €124k | €190k | €80k | €65k | ▼ 18.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €679k | €1.27M | €952k | €1.23M | €1.06M | ▼ 13.5% |
| Fixed assets21/28 | €312k | €416k | €363k | €664k | €552k | ▼ 16.9% |
| Tangible fixed assets22/27 | €311k | €416k | €362k | €663k | €551k | ▼ 16.9% |
| Plant, machinery and equipment23 | €41k | €40k | €32k | €98k | €84k | ▼ 14.6% |
| Furniture and vehicles24 | €120k | €205k | €174k | €94k | €76k | ▼ 19.3% |
| Leasing and similar rights25 | €150k | €170k | €157k | €471k | €392k | ▼ 16.9% |
| Financial fixed assets28 | €559 | €559 | €559 | €559 | €559 | = |
| Current assets29/58 | €368k | €850k | €589k | €562k | €509k | ▼ 9.5% |
| Stocks and contracts in progress3 | €36k | €53k | €10k | €14k | €41k | ▲ 200% |
| Stocks30/36 | €36k | €53k | €10k | €14k | €41k | ▲ 200% |
| Amounts receivable within one year40/41 | €178k | €590k | €181k | €163k | €161k | ▼ 1.5% |
| Trade receivables40 | €137k | €99k | €146k | €90k | €86k | ▼ 4.4% |
| Other amounts receivable41 | €40k | €491k | €35k | €73k | €75k | ▲ 1.9% |
| Current investments50/53 | - | - | €150k | - | - | - |
| Cash at bank and in hand54/58 | €102k | €169k | €210k | €346k | €259k | ▼ 25.0% |
| Deferred charges and accrued income490/1 | €52k | €38k | €38k | €40k | €48k | ▲ 20.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €679k | €1.27M | €952k | €1.23M | €1.06M | ▼ 13.5% |
| Equity10/15 | €342k | €466k | €584k | €592k | €577k | ▼ 2.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €322k | €447k | €564k | €573k | €558k | ▼ 2.6% |
| Distributable reserves133 | €322k | €447k | €564k | €573k | €558k | ▼ 2.6% |
| Profit (loss) carried forward14 | €1k | €101 | €869 | €924 | €1k | ▲ 8.7% |
| Amounts payable17/49 | €338k | €801k | €368k | €634k | €483k | ▼ 23.8% |
| Amounts payable after more than one year17 | €45k | €81k | €44k | €327k | €260k | ▼ 20.5% |
| Financial debts170/4 | €45k | €81k | €44k | €327k | €260k | ▼ 20.5% |
| Amounts payable within one year42/48 | €291k | €720k | €324k | €237k | €223k | ▼ 5.8% |
| Current portion of amounts payable after more than one year42 | €53k | €67k | €27k | €69k | €67k | ▼ 3.0% |
| Trade debts44 | €192k | €204k | €141k | €137k | €152k | ▲ 10.8% |
| Suppliers440/4 | €192k | €204k | €141k | €137k | €152k | ▲ 10.8% |
| Taxes, remuneration and social security45 | €13k | €415k | €82k | €26k | €1k | ▼ 95.5% |
| Taxes450/3 | €5k | €20k | €38k | €314 | €968 | ▲ 209% |
| Remuneration and social security454/9 | €7k | €394k | €44k | €26k | €197 | ▼ 99.2% |
| Other amounts payable47/48 | €33k | €34k | €74k | €5k | €3k | ▼ 39.2% |
| Accrued charges and deferred income492/3 | €2k | - | €55 | €70k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €124k | €190k | €80k | €65k | ▼ 18.7% |
| + Depreciation and write-downs630 | €91k | €115k | €112k | €147k | €158k | ▲ 7.8% |
| Operating cash flow (approximation) | €113k | €239k | €302k | €227k | €223k | ▼ 1.6% |
| Investment in fixed assets (approximation) | - | €-220k | €-58k | €-448k | €-46k | ▲ 89.7% |
| Change in cash | - | €67k | €42k | €135k | €-86k | ▼ 164% |
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
Resignation: Georges ANDRE (director)Appointments: Highcrest (director) and Régis Dock (director) · Permanent representative: Arthur de Schaetzen · Director discharge7 facts ▸
State Gazette act
Resignation: Georges ANDRE (director)
Appointments: Highcrest (director) and Régis Dock (director) · Permanent representative: Arthur de Schaetzen · Director discharge7 facts ▸
- General meeting, 13-08-2026
- Director resignation, Georges ANDRE (director)
- Director appointment, Highcrest (director)
- Permanent representative, Arthur de Schaetzen
- Director appointment, Régis Dock (director)
- Director discharge, Georges ANDRE
- Share transfer agreement, 29-06-2026
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €190k ▲53.1%
Operating result €238k, net result €190k, both a record.
31-12
Financial
Equity above €500kEq €584k ▲25.4%
4 profitable years in a row build equity to €584k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-554
Net result drops to €-554, the lowest in the series; recovery starts the following year.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
DOCK Régis
CurrentDirector · since 13-08-2026
Highcrest
CurrentDirector · since 13-08-2026 · Legal entity · perm. rep.: Arthur de Schaetzen
13-08-2026
DOCK Régis: Appointed as Director
13-08-2026
Highcrest: Appointed as Director
13-08-2026
Georges ANDRE: Resigned as Director
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2003
Ground area
3,257 m²
Building footprint
114 m²
Volume, LiDAR
493 m³
2 parcels, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Fonds de Dave(DV) 167, 5100 Namur
since 20032.126.969.676
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92032B0244/00M000 | Wallonia | 2,857 m² | 1 · 113 m² | 7.6 m · 2 fl. |
| 92032B0537/00C000 | Wallonia | 400 m² | - | - |
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.
Structure & network
Connections & network
1 connected companyLinked via shared directors
via DOCK Régis · Managing director
former→
Recognitions · licences · registrations
Recognised contractor
5 categoriesAG CONSTRUCT TOITURES SRL30586
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Of 8,568 companies in sector 43410 we hold annual accounts for 4,363. 2,701 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
Founded19-03-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43320Joinery installation
43350Other building finishing work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.