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AG HEATING

Active
Private limited companyfounded 2014active for 12 yearsKiekenmarkt 61, 1000 Brussel, BelgiumKBO/BCE: BE 0561.912.585

From the official registers: KBO 10 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of AG HEATING is 3.9% (moderate). The 2024 annual accounts show equity of €319,323 and a net result of €60,912. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 32% of 35,970 sector peers (NACE 43, financial year 2024). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 12-09-2014 Normal situation
Legal form
Private limited company
Registered office
Kiekenmarkt 61, 1000 Brussel
Activity
Plumbing work NACE 43221and 1 other
Establishment unit
2.234.997.982 1090 Jette, since 20-09-2014
Financial year end
31 December
Peppol
Reachable since 22-12-2025

Board and ownership

Board

Financial position

49 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.9%
Annual accounts 2024
Gross margin
€287,688
▼ 19.3%
Turnover
≈ €720,000
estimated
Profit
€60,912
▼ 67.2%
Equity
€319,323
▲ 23.6%
Total assets
€1.0m
▲ 136%
Staff
≈ 2.3 FTE
estimated
2025 accounts not filed, 93 days past the deadline
Filed on 25-09-2025PDF
Score breakdownraises riskFigures for financial year 2024 (filed on 29-09-2025)1 change of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 56 days late; 1 of the last 3 accounts latelowers riskSize: total assets €1.0mShow the evidence

Checked score

Score 2024
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 50% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2023
Strong
Solvency 55-28
equity 30.5% of total assets
Liquidity 52-20
short-term debt 28.7% · cash 10.9%
Profitability 76-24
return on assets 5.8%
Bankruptcy probability within 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.2 percentage points vs 07-2025 09-2025: 0.4%▲ +0.1 percentage points vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.3%▼ -0.1 percentage points vs 05-2026 07-2026: 1.0%▲ +0.7 percentage points vs 06-2026 08-2026: 1.6%▲ +0.6 percentage points vs 07-2026 09-2026: 2.0%▲ +0.4 percentage points vs 08-2026 10-2026: 3.9%▲ +1.9 percentage points vs 09-2026highest value
Credit of up to €15,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 1.72 (1.94 in 2023), above the usual 1.5. Short-term debt is 28.7% and cash 10.9% of total assets. However, 69.5% of the assets are financed with debt and provisions.
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 43, micro). It does better than 32% of them on solvency, 47% on liquidity, 51% on profitability and 70% on growth.

The bankruptcy probability was computed on 31-10-2026 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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Signals

Seven signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed on 29-09-2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 56 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Size: total assets €1.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €319,323
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
raises risk · 2024 accounts filed 56 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
56 days late
2023
12 days late
2022
2 days late
2021
1 day early
2020
9 days early
2019
20 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 13 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Result fell in 2024from €185,880 to €60,912 ▼ 67.2% View
  • Positive: More equity than 92% of companies in specialised constructionsector median €58,296 · 35,987 companies €319,323 View

Documents

Annual accounts at the NBB

All 10 annual accounts

Articles and registers

Key facts about AG HEATING

What is the company number of AG HEATING?
The company number of AG HEATING is 0561.912.585. The VAT number is the same number with BE in front: BE 0561.912.585.
Where is AG HEATING based?
The registered office is at Kiekenmarkt 61, 1000 Brussel.Company details
What does AG HEATING do?
According to the KBO register, the main activity is plumbing work (NACE 43221).
What is the legal form of AG HEATING?
The legal form of AG HEATING is Private limited company (BV).
When was AG HEATING founded?
AG HEATING was founded on 12-09-2014.
Is AG HEATING still active?
Yes, AG HEATING is an active enterprise in the KBO register.
How many employees does AG HEATING have?
AG HEATING had an average of 2 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of AG HEATING?
The turnover in financial year 2024 is ≈ €720,000. This figure is estimated from the gross margin of €287,688 and 32 comparable companies (NACE 432). It probably lies between €540,000 and €920,000.
Is AG HEATING profitable?
In financial year 2024, AG HEATING made a profit of €60,912.
Where can I find the annual accounts of AG HEATING?
AG HEATING filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)

Comparable companies

These companies have the same main activity as AG HEATING: plumbing work (NACE 43221). They are comparable in size and age: total assets between €937,000 and €1.2m, founded between 2012 and 2015.

CompanyTotal assetsGross margin
AG HEATING Brussel€1.0m€0.3m
VERSAN Merchtem€1.1m€0.3m
AVEREIN FREDERIK Koksijde€0.9m€0.2m
DBNC TECHNICS Kuurne€0.9m€0.2m
SANIVER-TECHNICS Wingene€1.0m€0.2m
SANI-VERVAECK SERVICE Wielsbeke€1.2m€0.3m
L'ART-DINOIS Les Bons Villers€1.2m€0.4m
Full comparison

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