AG Constructions
ActiveSummary
AG Constructions has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87,827 and a net result of -€19,177. Equity has been growing by about 10% per year since 2018. Its solvency ranks better than 62% of 9,394 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-08-2016 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 8 others
- Establishment unit
- 2.256.678.373 3520 Zonhoven, since 09-08-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 10-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- -€1,744
- Loss
- €19,177
- Equity
- €87,827
- ▼ 17.9%
- Total assets
- €161,287
- ▼ 7.8%
- 2025 accounts filed 28 days after the deadline
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Loss of €19,177 (financial year 2025)lowers riskLiquidity: current ratio 2.07, cash €25,478Equity €87,827 (54.5% of total assets)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 63% of them on solvency, 49% on liquidity, 11% on profitability and 20% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00440440.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 9 filings
Amounts without an identifiable currency are taken as euros.
Every figure per financial year
The operating result for 2025 is a loss of €12,840, after a profit of €13,164 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €8,683 | €6,930 | €18,831 | €6,000 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €6,160 | €8,412 | €9,296 | €18,220 | €9,998 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5,253 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,169 | €4,339 | €6,606 | €6,160 | €8,412 | €9,296 | €18,220 | €9,998 | ▼ 45.1% |
| Other operating charges640/8 | - | - | - | €447 | €2,079 | €1,993 | €1,873 | €1,098 | ▼ 41.4% |
| Gross operating margin9900 | €32,876 | €10,753 | €6,338 | €56,179 | €30,763 | €19,802 | €33,258 | -€1,744 | - |
| Operating profit (loss)9901 | €22,416 | €5,820 | -€1,132 | €49,572 | €20,273 | €8,512 | €13,164 | -€12,840 | - |
| Financial income75/76B | - | - | - | €3 | €1 | €1 | €18 | €3 | ▼ 85.6% |
| Recurring financial income75 | €1 | €684 | €6 | €3 | €1 | €1 | €18 | €3 | ▼ 85.6% |
| Financial charges65/66B | - | - | - | €1,053 | €780 | €673 | €938 | €2,631 | ▲ 180% |
| Recurring financial charges65 | €555 | €557 | €546 | €1,053 | €780 | €673 | €938 | €2,631 | ▲ 180% |
| Profit (loss) for the period before taxes9903 | €21,862 | €1,804 | -€1,672 | €48,523 | €19,493 | €7,840 | €12,244 | -€15,468 | - |
| Income taxes67/77 | - | - | €2,420 | €1,158 | -€7,500 | €4,617 | €8,380 | €3,709 | ▼ 55.7% |
| Profit (loss) for the period9904 | €21,862 | €1,804 | -€4,092 | €47,364 | €26,993 | €3,224 | €3,864 | -€19,177 | - |
| Profit (loss) for the period to be appropriated9905 | €10,931 | €1,804 | -€4,092 | €47,364 | €26,993 | €3,224 | €3,864 | -€19,177 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €86,196 | €79,939 | €94,709 | €211,075 | €165,283 | €205,453 | €175,020 | €161,287 | ▼ 7.8% |
| Fixed assets21/28 | €30,532 | €8,303 | €22,355 | €16,195 | €29,974 | €22,107 | €22,718 | €18,719 | ▼ 17.6% |
| Tangible fixed assets22/27 | €30,532 | €8,303 | €22,355 | €16,195 | €29,974 | €22,107 | €22,718 | €18,719 | ▼ 17.6% |
| Land and buildings22 | - | - | - | - | - | - | €5,508 | €4,924 | ▼ 10.6% |
| Plant, machinery and equipment23 | - | - | - | €6,776 | €18,360 | €14,206 | €11,505 | €10,776 | ▼ 6.3% |
| Furniture and vehicles24 | - | - | - | €9,419 | €11,614 | €7,901 | €5,705 | €3,020 | ▼ 47.1% |
| Current assets29/58 | €55,665 | €71,636 | €72,354 | €194,879 | €135,309 | €183,345 | €152,302 | €142,568 | ▼ 6.4% |
| Amounts receivable within one year40/41 | €14,975 | €35,774 | €35,504 | €108,522 | €66,292 | €116,615 | €114,907 | €116,093 | ▲ 1.0% |
| Trade receivables40 | - | - | - | €108,522 | €60,963 | €116,615 | €104,795 | €99,659 | ▼ 4.9% |
| Other amounts receivable41 | - | - | - | - | €5,329 | €0 | €10,112 | €16,434 | ▲ 62.5% |
| Cash at bank and in hand54/58 | €40,690 | €35,862 | €36,850 | €86,357 | €69,017 | €66,730 | €35,521 | €25,478 | ▼ 28.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €1,873 | €996 | ▼ 46.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €86,196 | €79,939 | €94,709 | €211,075 | €165,283 | €205,453 | €175,020 | €161,287 | ▼ 7.8% |
| Equity10/15 | €52,845 | €54,649 | €50,558 | €77,922 | €99,916 | €103,139 | €107,003 | €87,827 | ▼ 17.9% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | - | - | €12,400 | €12,400 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | - | - | - | €6,200 | €6,200 | - | - | - | - |
| Reserves13 | €12,791 | €12,791 | €12,791 | €12,791 | €12,791 | €12,791 | €12,791 | €75,427 | ▲ 490% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €10,931 | €10,931 | €10,931 | €10,931 | €10,931 | = |
| Distributable reserves133 | - | - | - | - | - | - | - | €62,636 | - |
| Profit (loss) carried forward14 | €27,654 | €29,458 | €25,367 | €52,731 | €74,725 | €77,948 | €81,813 | €0 | ▼ 100% |
| Amounts payable17/49 | €33,351 | €25,289 | €44,151 | €133,152 | €65,367 | €102,314 | €68,016 | €73,460 | ▲ 8.0% |
| Amounts payable after more than one year17 | €12,207 | €5,113 | €8,177 | €13,783 | €8,323 | €2,862 | €0 | - | - |
| Financial debts170/4 | - | - | - | €13,783 | €8,323 | €2,862 | €0 | - | - |
| Amounts payable within one year42/48 | €21,144 | €20,176 | €35,975 | €90,760 | €30,804 | €86,615 | €67,466 | €68,710 | ▲ 1.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,353 | €5,461 | €5,461 | €2,354 | €0 | ▼ 100% |
| Trade debts44 | €6,614 | €5,176 | €12,816 | €59,412 | €1,119 | €39,995 | €40,716 | €46,197 | ▲ 13.5% |
| Suppliers440/4 | - | - | - | €59,412 | €1,119 | €39,995 | €40,716 | €46,197 | ▲ 13.5% |
| Taxes, remuneration and social security45 | - | - | - | €20,950 | - | €8,580 | €5,575 | €4,411 | ▼ 20.9% |
| Taxes450/3 | - | - | - | €950 | - | €8,580 | €5,575 | €4,411 | ▼ 20.9% |
| Remuneration and social security454/9 | - | - | - | €20,000 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €5,044 | €24,224 | €32,580 | €18,822 | €18,102 | ▼ 3.8% |
| Accrued charges and deferred income492/3 | - | - | - | €28,609 | €26,240 | €12,836 | €550 | €4,750 | ▲ 764% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,862 | €1,804 | -€4,092 | €47,364 | €26,993 | €3,224 | €3,864 | -€19,177 | - |
| + Depreciation and write-downs630 | €10,169 | €4,339 | €6,606 | €6,160 | €8,412 | €9,296 | €18,220 | €9,998 | ▼ 45.1% |
| Operating cash flow (approximation) | €32,031 | €6,144 | €2,515 | €53,525 | €35,405 | €12,520 | €22,084 | -€9,179 | - |
| Investment in fixed assets (approximation) | - | €17,890 | -€20,659 | €0 | -€22,191 | -€1,430 | -€18,831 | -€6,000 | ▲ 68.1% |
| Change in cash | - | -€4,828 | €988 | €49,508 | -€17,340 | -€2,287 | -€31,209 | -€10,043 | ▲ 67.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,805 companies had the same profile as AG Constructions has now. Two years later, 88.1% were still going and 2.0% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AG Constructions itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,805 companies, not a prediction for AG Constructions. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00440440 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00409406 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00428313 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00402593 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20367906 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64700534 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-36800223 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-58200258 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-57600400 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
AG Constructions shares no director with another company.
Companies at the same address
3 other companiesConnections & network
1 current directorThe network starts from the directors of AG Constructions. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0660.814.775
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71442C1268/00F000 | Flanders | 1,380 m² | 1 · 137 m² | 8.2 m · 2 |
| 71442C1265/00F000 | Flanders | 951 m² | 1 · 162 m² | 0.0 m |