AG-Plus Construct
AG-Plus Construct has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €-49k. Equity is shrinking by ~25.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 47% of 7039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
| Equity | €26k |
| Net result | €-49k |
| Better than sector | 47% |
| Active | 18 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 41.3% | 43.8% | |
| Net result | €-49k | €8k | |
| Equity | €26k | €49k | |
| Gross operating margin | €3k | €32k | |
| Total assets | €62k | €130k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-37k | €45k | €19k | - | - |
| Net profit | €-49k | €21k | €8k | €2k | €14k |
| Cash flow | €-40k | €31k | €13k | - | - |
| Staff costs | - | - | - | - | - |
| Income taxes | €185 | €11k | €4k | €1k | €7k |
| Dividends | - | €15k | €17k | €36k | €19k |
| Total assets | €62k | €180k | €167k | €179k | €208k |
| Equity | €26k | €75k | €68k | €77k | €112k |
| Debt | €36k | €106k | €99k | €102k | €96k |
| of which ≤ 1y | €24k | €54k | €35k | €53k | €41k |
| of which > 1y | €13k | €52k | €63k | €49k | €55k |
| Working capital | €26k | €105k | €100k | €117k | €159k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.09 | 2.95 | 3.85 | 3.20 | 4.90 |
| Quick ratio | 2.09 | 1.39 | 1.48 | 1.63 | 2.84 |
| Working capital ratio | 41.4% | 58.1% | 60.2% | 65.5% | 76.3% |
| Solvency | 41.3% | 41.4% | 40.8% | 43.1% | 53.7% |
| Debt / equity | 1.42 | 1.42 | 1.45 | 1.32 | 0.86 |
| Long-term debt ratio | 0.50 | 0.70 | 0.93 | 0.63 | 0.50 |
| Interest coverage | -12.13 | 12.81 | 7.34 | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -79.1% | 11.9% | 4.7% | 1.1% | 6.6% |
| ROE | -191.6% | 28.8% | 11.5% | 2.6% | 12.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €62k | €180k | €167k | €179k | €208k |
| Fixed assets | 21/28 | €13k | €22k | €31k | €9k | €9k |
| Tangible fixed assets | 22/27 | €4k | €13k | €23k | - | - |
| Financial fixed assets | 28 | €9k | €9k | €9k | €9k | €9k |
| Current assets | 29/58 | €49k | €158k | €136k | €171k | €199k |
| Stocks & contracts in progress | 3 | - | €84k | €84k | €84k | €84k |
| Amounts receivable within one year | 40/41 | €43k | €64k | €50k | €74k | €111k |
| Cash & bank | 54/58 | €5k | €10k | €2k | €12k | €5k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €62k | €180k | €167k | €179k | €208k |
| Equity | 10/15 | €26k | €75k | €68k | €77k | €112k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €56k | €56k | €49k | €59k | €93k |
| Accumulated profits (losses) | 14 | €-49k | - | - | - | - |
| Amounts payable | 17/49 | €36k | €106k | €99k | €102k | €96k |
| Amounts payable after one year | 17 | €13k | €52k | €63k | €49k | €55k |
| Amounts payable within one year | 42/48 | €24k | €54k | €35k | €53k | €41k |
| Trade debts payable within one year | 44 | €1k | €4k | €133 | €938 | €857 |
| Income statement | ||||||
| Gross operating margin | 9900 | €3k | €46k | €19k | €3k | €20k |
| Operating result | 9901 | €-46k | €36k | €14k | €2k | €20k |
| Financial income | 75 | - | €3 | €868 | €3k | €4k |
| Financial charges | 65 | €3k | €4k | €3k | €2k | €2k |
| Result before taxes | 9903 | €-49k | €32k | €12k | €3k | €21k |
| Income taxes | 67/77 | €185 | €11k | €4k | €1k | €7k |
| Net result for the period | 9904 | €-49k | €21k | €8k | €2k | €14k |
| Result to be appropriated | 9905 | €-49k | €21k | €8k | €2k | €14k |
| NACE primary | General construction of residential buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 03-06-2008 |
| Status | Active |
| Postal code | 3600 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0416/00L000 | Flanders | 1,240 m² | 1 · 127 m² | 8.4 m · 2 fl. |
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
19-01-2024 Capital increase of €18,600 to €0
- €18.600 → €0
Technical details
{
"events": [
{
"kind": "statutory_reserve_release",
"after_eur": 0.0,
"delta_eur": 18600.0,
"before_eur": 18600.0,
"decrease_purpose": null,
"contribution_type": null,
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": "suppress"
}
],
"notary": {
"name": "Inge REYNDERS",
"firm_city": null,
"firm_name": null,
"office_city": "Genk",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-01-19",
"filing_date": "2024-01-17",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": "2023-12-27",
"unanimous": null,
"under_authorized_capital": true,
"underlying_resolution_date": "2023-12-27"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0898.304.924",
"name_full": "AG-Plus Construct",
"legal_form": "BV",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"expedition",
"geco\u00F6rdineerde statuten"
],
"shareholders_after": [],
"share_classes_after": []
}| Legal nameNL | AG-Plus Construct |