AG LOGISTICS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-06-2026 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is 8 times that of 2024.
- 2025 Turnover +83% on 2024. The accounts now follow the micro format, last year the full format.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €4,580 | - |
| Intangible fixed assets | - | €43,509 |
| Depreciation and write-downs of the year | €916 | €9,618 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €376,921 | €691,462 | ▲ 83.4% |
| Goods, raw materials, services and sundry goods60/61 | €274,879 | €379,047 | ▲ 37.9% |
| Remuneration, social security and pensions62 | €88,149 | €213,351 | ▲ 142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €916 | €9,618 | ▲ 950% |
| Other operating charges640/8 | €1,934 | €690 | ▼ 64.3% |
| Gross operating margin9900 | €102,042 | €312,415 | ▲ 206% |
| Operating profit (loss)9901 | €11,044 | €88,757 | ▲ 704% |
| Financial income75/76B | €2 | - | - |
| Recurring financial income75 | €2 | - | - |
| Financial charges65/66B | €5,308 | €4,850 | ▼ 8.6% |
| Recurring financial charges65 | €5,308 | €4,850 | ▼ 8.6% |
| Profit (loss) for the period before taxes9903 | €5,738 | €83,907 | ▲ 15× |
| Profit (loss) for the period9904 | €5,738 | €83,907 | ▲ 15× |
| Profit (loss) for the period to be appropriated9905 | €5,738 | €83,907 | ▲ 15× |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €47,450 | €131,134 | ▲ 176% |
| Fixed assets21/28 | €3,664 | €37,555 | ▲ 925% |
| Intangible fixed assets21 | - | €34,807 | - |
| Tangible fixed assets22/27 | €3,664 | €2,748 | ▼ 25.0% |
| Plant, machinery and equipment23 | €3,664 | €2,748 | ▼ 25.0% |
| Current assets29/58 | €43,786 | €93,579 | ▲ 114% |
| Amounts receivable within one year40/41 | €1,000 | €54,259 | ▲ 54× |
| Trade receivables40 | €1,000 | €54,259 | ▲ 54× |
| Cash at bank and in hand54/58 | €42,786 | €39,320 | ▼ 8.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €47,450 | €131,134 | ▲ 176% |
| Equity10/15 | €8,738 | €102,792 | ▲ 12× |
| Contributions10/11 | €3,000 | €3,000 | = |
| Contributions outside capital11 | €3,000 | €3,000 | = |
| Share premium1100/10 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €5,738 | €99,792 | ▲ 17× |
| Amounts payable17/49 | €38,712 | €28,342 | ▼ 26.8% |
| Amounts payable within one year42/48 | €28,565 | €28,342 | ▼ 0.8% |
| Trade debts44 | €16,833 | €16,487 | ▼ 2.1% |
| Suppliers440/4 | €16,833 | €16,487 | ▼ 2.1% |
| Taxes, remuneration and social security45 | €11,611 | €11,855 | ▲ 2.1% |
| Taxes450/3 | €11,611 | €11,855 | ▲ 2.1% |
| Other amounts payable47/48 | €121 | - | - |
| Accrued charges and deferred income492/3 | €10,147 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €5,738 | €83,907 | ▲ 15× |
| + Depreciation and write-downs630 | €916 | €9,618 | ▲ 950% |
| Operating cash flow (approximation) | €6,654 | €93,525 | ▲ 14× |
| Investment in fixed assets (approximation) | - | -€43,509 | - |
| Change in cash | - | -€3,466 | - |
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, 39,278 companies had the same profile as AG LOGISTICS has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% 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 LOGISTICS itself: 1.7% 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 39,278 companies, not a prediction for AG LOGISTICS. 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.