Checked.be
Active
BE 0792.532.065Private limited company
AG IMMO CONSTRUCT
Thier de Huy 46 ·4570 Marchin, Belgium· 3 yrs active
Sector: Development of residential building projects
(68121)
Conclusion
AG IMMO CONSTRUCT has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-37k) and a net result of €-57k. Equity is shrinking by ~110.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 4834 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €-37k |
| Net result | €-57k |
| Better than sector | 18% |
| Active | 3 yrs |
Financial profile
57
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
17
Profitability
100
Solvency
42
Growth
32
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
17
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
20
2023
63
2024
17
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.90 (< 1.0)
-10
Quick ratio
Quick ratio 0.10 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
ROE 153% (≥ 10%)
+10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Gross margin: declining trend of ~58.5%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 0.8% | 30.8% | |
| Net result | €13k | €11k | |
| Equity | €20k | €513k | |
| Gross operating margin | €30k | €104k | |
| Total assets | €2.42M | €2.53M |
€-3k
-
23-25
€-57k
-
23-25
€-2k
-
23-25
€332k
-86.3%
23-25
€-37k
-
23-25
€-37k
-
23-25
€2k
-
23-25
€369k
-84.7%
23-25
€369k
-84.7%
23-25
0.90
-10.7%
23-25
0.10
-89.2%
23-25
-11.1%
-
23-25
-10.00
-
23-25
153.4%
+131.6%
23-25
-17.0%
-
23-25
-91.32
-
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | abbreviated schema | full schema | micro schema |
| Revenue | - | - | - |
| EBITDA | - | - | €-3k |
| Net profit | €-57k | €13k | €-3k |
| Cash flow | - | - | €-2k |
| Staff costs | - | - | - |
| Income taxes | - | €2k | - |
| Dividends | - | - | - |
| Total assets | €332k | €2.42M | €879k |
| Equity | €-37k | €20k | €7k |
| Debt | €369k | €2.40M | €873k |
| of which ≤ 1y | €369k | €2.40M | €873k |
| of which > 1y | - | - | - |
| Working capital | €-37k | €20k | €7k |
| Employees (FTE) | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, full schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 0.90 | 1.01 | 1.01 |
| Quick ratio | 0.10 | 0.97 | 0.44 |
| Working capital ratio | -11.1% | 0.8% | 0.8% |
| Solvency | -11.1% | 0.8% | 0.8% |
| Debt / equity | -10.00 | 122.13 | 131.28 |
| Long-term debt ratio | - | - | - |
| Interest coverage | - | - | -91.32 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -17.0% | 0.5% | -0.4% |
| ROE | 153.4% | 66.2% | -50.4% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €332k | €2.42M | €879k |
| Current assets | 29/58 | €332k | €2.42M | €879k |
| Stocks & contracts in progress | 3 | €293k | €100k | €492k |
| Amounts receivable within one year | 40/41 | €38k | €637k | €361k |
| Cash & bank | 54/58 | €599 | €1.69M | €27k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €332k | €2.42M | €879k |
| Equity | 10/15 | €-37k | €20k | €7k |
| Contributions / capital | 10/11 | €10k | €10k | €10k |
| Reserves | 13 | - | €10k | - |
| Accumulated profits (losses) | 14 | €-47k | - | €-3k |
| Amounts payable | 17/49 | €369k | €2.40M | €873k |
| Amounts payable within one year | 42/48 | €369k | €2.40M | €873k |
| Trade debts payable within one year | 44 | €42k | €227k | €43k |
| Income statement | ||||
| Gross operating margin | 9900 | €-37k | €30k | €-2k |
| Operating result | 9901 | €-40k | €30k | €-4k |
| Financial income | 75 | €914 | €855 | €752 |
| Financial charges | 65 | €18k | €15k | €31 |
| Result before taxes | 9903 | €-57k | €15k | €-3k |
| Income taxes | 67/77 | - | €2k | - |
| Net result for the period | 9904 | €-57k | €13k | €-3k |
| Result to be appropriated | 9905 | €-57k | €13k | €-3k |
Legal Structure
| NACE primary | Development of residential building projects(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 17-10-2022 |
| Status | Active |
| Postal code | 4570 |
Establishment units
Rue Thier Boufflette 46, 4570 Marchin
since 20222.338.079.783
Real-estate footprint
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61039B0577/00C000 | Wallonia | 1.0 ha | - | - |
| 61039A0262/00D000 | Wallonia | 3,553 m² | 1 · 91 m² | 7.4 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-57k ▼534%
Net result drops to €-57k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Development of residential building projects68121Development of non-residential building projects68122
Names & trade names
| Legal nameFR | AG IMMO CONSTRUCT |
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