AG-Plus Construct
ActiveSummary
The annual accounts of AG-Plus Construct for financial year 2025 show a net loss of 79% of total assets and of 66% of the equity at the start of that year. The 2025 annual accounts show equity of €25,570 and a net result of -€48,991. Equity is shrinking by about 11% per year across the filed financial years. Its solvency ranks better than 48% of 9,302 sector peers (NACE 41, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Overview
- Equity
- €25,570
- Loss
- -€48,991
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €48,991 (financial year 2025)Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskFounded in 2008Size: total assets €61,928Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 49% on solvency, 41% on liquidity, 5% on profitability and 8% on growth.
The bankruptcy probability was computed on 23-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 40 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€48,991
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €45,789 after €35,935 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88.2% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,805 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €5,016 | €9,201 | €9,201 | = |
| Other operating charges640/8 | - | - | - | €122 | €552 | €534 | €1,314 | €39,222 | ▲ 30× |
| Gross operating margin9900 | €25,272 | €23,031 | €9,467 | €19,829 | €2,806 | €19,147 | €46,450 | €2,634 | ▼ 94.3% |
| Operating profit (loss)9901 | €22,619 | €19,535 | €9,187 | €19,707 | €2,255 | €13,596 | €35,935 | -€45,789 | - |
| Financial income75/76B | - | - | - | €3,652 | €2,901 | €868 | €3 | - | - |
| Recurring financial income75 | €7,204 | €7,309 | €7,139 | €3,652 | €2,901 | €868 | €3 | - | - |
| Financial charges65/66B | - | - | - | €2,713 | €1,982 | €2,666 | €3,523 | €3,017 | ▼ 14.3% |
| Recurring financial charges65 | €2,282 | €2,806 | €2,775 | €2,313 | €1,982 | €2,536 | €3,523 | €3,017 | ▼ 14.3% |
| Non-recurring financial charges66B | - | - | - | €400 | - | €129 | - | - | - |
| Profit (loss) for the period before taxes9903 | €27,542 | €24,038 | €13,551 | €20,646 | €3,173 | €11,798 | €32,415 | -€48,806 | - |
| Income taxes67/77 | €10,457 | €9,060 | €4,533 | €6,909 | €1,138 | €3,948 | €10,956 | €185 | ▼ 98.3% |
| Profit (loss) for the period9904 | €17,084 | €14,978 | €9,019 | €13,737 | €2,036 | €7,851 | €21,459 | -€48,991 | - |
| Profit (loss) for the period to be appropriated9905 | €17,084 | €14,978 | €9,019 | €13,737 | €2,036 | €7,851 | €21,459 | -€48,991 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €197,878 | €218,987 | €202,935 | €207,925 | €179,397 | €166,730 | €180,280 | €61,928 | ▼ 65.6% |
| Fixed assets21/28 | €8,550 | €8,550 | €8,550 | €8,550 | €8,550 | €31,137 | €21,936 | €12,735 | ▼ 41.9% |
| Tangible fixed assets22/27 | - | - | - | - | - | €22,587 | €13,386 | €4,185 | ▼ 68.7% |
| Furniture and vehicles24 | - | - | - | - | - | €22,587 | €13,386 | €4,185 | ▼ 68.7% |
| Financial fixed assets28 | €8,550 | €8,550 | €8,550 | €8,550 | €8,550 | €8,550 | €8,550 | €8,550 | = |
| Current assets29/58 | €189,328 | €210,437 | €194,385 | €199,375 | €170,847 | €135,593 | €158,345 | €49,194 | ▼ 68.9% |
| Stocks and contracts in progress3 | €60,090 | €83,615 | €83,615 | €83,615 | €83,615 | €83,615 | €83,615 | - | - |
| Stocks30/36 | - | - | - | €83,615 | €83,615 | €83,615 | €83,615 | - | - |
| Amounts receivable within one year40/41 | €128,266 | €126,557 | €107,828 | €110,712 | €74,368 | €49,592 | €63,529 | €43,264 | ▼ 31.9% |
| Trade receivables40 | - | - | - | €50,857 | €35,732 | €35,732 | €51,372 | €30,785 | ▼ 40.1% |
| Other amounts receivable41 | - | - | - | €59,856 | €38,636 | €13,860 | €12,157 | €12,479 | ▲ 2.6% |
| Cash at bank and in hand54/58 | €973 | €265 | €2,499 | €4,537 | €12,339 | €1,749 | €10,444 | €5,325 | ▼ 49.0% |
| Deferred charges and accrued income490/1 | - | - | - | €510 | €526 | €637 | €757 | €605 | ▼ 20.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €197,878 | €218,987 | €202,935 | €207,925 | €179,397 | €166,730 | €180,280 | €61,928 | ▼ 65.6% |
| Equity10/15 | €92,755 | €107,733 | €116,752 | €111,757 | €77,314 | €68,080 | €74,561 | €25,570 | ▼ 65.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €74,155 | €89,133 | €98,152 | €93,157 | €58,714 | €49,480 | €55,961 | €55,961 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €91,297 | €56,854 | €49,480 | €55,961 | €55,961 | = |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | -€48,991 | - |
| Amounts payable17/49 | €105,123 | €111,254 | €86,183 | €96,167 | €102,083 | €98,650 | €105,719 | €36,359 | ▼ 65.6% |
| Amounts payable after more than one year17 | €62,663 | €74,464 | €61,970 | €55,446 | €48,730 | €63,463 | €52,051 | €12,776 | ▼ 75.5% |
| Financial debts170/4 | - | - | - | €55,446 | €48,730 | €63,463 | €52,051 | €12,776 | ▼ 75.5% |
| Amounts payable within one year42/48 | €42,460 | €36,790 | €24,214 | €40,722 | €53,353 | €35,187 | €53,668 | €23,582 | ▼ 56.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,524 | €6,716 | €10,947 | €11,412 | €4,574 | ▼ 59.9% |
| Trade debts44 | €2,542 | €4,965 | €1,912 | €857 | €938 | €133 | €3,669 | €1,416 | ▼ 61.4% |
| Suppliers440/4 | - | - | - | €857 | €938 | €133 | €3,669 | €1,416 | ▼ 61.4% |
| Taxes, remuneration and social security45 | - | - | - | €14,609 | €9,221 | €7,023 | €15,674 | €11,308 | ▼ 27.9% |
| Taxes450/3 | - | - | - | €14,609 | €9,221 | €7,023 | €15,674 | €11,308 | ▼ 27.9% |
| Other amounts payable47/48 | - | - | - | €18,732 | €36,478 | €17,084 | €22,913 | €6,284 | ▼ 72.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,084 | €14,978 | €9,019 | €13,737 | €2,036 | €7,851 | €21,459 | -€48,991 | - |
| + Depreciation and write-downs630 | - | - | - | - | - | €5,016 | €9,201 | €9,201 | = |
| Operating cash flow (approximation) | €17,084 | €14,978 | €9,019 | €13,737 | €2,036 | €12,867 | €30,660 | -€39,790 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | -€27,603 | €0 | €0 | - |
| Change in cash | - | -€707 | €2,234 | €2,038 | €7,802 | -€10,590 | €8,694 | -€5,119 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 08-06-2026 | 2026-00144302 |
| 31-12-2024 | micro format | 10-06-2025 | 2025-00128981 |
| 31-12-2023 | micro format | 12-06-2024 | 2024-00125214 |
| 31-12-2022 | micro format | 15-06-2023 | 2023-00128522 |
| 31-12-2021 | micro format | 07-06-2022 | 2022-20049735 |
| 31-12-2020 | micro format | 07-06-2021 | 2021-17700559 |
| 31-12-2019 | micro format | 28-08-2020 | 2020-46600032 |
| 31-12-2018 | micro format | 16-08-2019 | 2019-46800352 |
| 31-12-2017 | micro format | 08-08-2018 | 2018-44400168 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-56300257 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| AQUINO Donato |
|
Owners and capital
Capital and shareholders
- 19-01-2024 Converted to unavailable equity · €18,600
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
19-01
Gazette deed
Resignation: AQUINO Donato (manager)Appointment: AQUINO Donato (director) · Power of attorney · Registered office clause12 facts ▸
- Director resignation, AQUINO Donato (manager (not named in the articles))
- Director appointment, AQUINO Donato (director (not named in the articles))
- Other provision, “beroepsverbod, geen beroepsverbod uitgesproken” (deed in Dutch)
- Other provision, “buitengewone algemene vergadering, alle bestuursbeslissingen waarbij voornoemde bestuurder betrokken was als bestuurder belast met uitvoering opdracht als bestu…” (deed in Dutch)
- Power of attorney
- Registered office clause, “3600 Genk,Koerweg 61” (deed in Dutch)
- General meeting, “volgende beslissingen genomen, buitengewone algemene vergadering” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffen” (deed in Dutch)
- Other provision, “voorwerp niet gewijzigd, als volgt luidt” (deed in Dutch)
- Capital
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0898.304.924
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71302A0416/00L000 | Flanders | 1,240 m² | 1 · 127 m² | 8.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het uitvoeren van metselwerken,betonwerken,dakwerken,vloerwerken,het optrekken en afwerken van gebouwen voor woonindustriële en…” (deed in Dutch)
16 activities (deed in Dutch)
- Het uitvoeren van metselwerken,betonwerken,dakwerken,vloerwerken,het optrekken en afwerken van gebouwen voor woonindustriële en administratieve doeleinden,de exploitatie van een algemene bouwonderneming;
- Het coördineren van handelingen gericht op het ontwikkelen,bouwen en verbouwen van bouwprojecten,het daartoe geven van instructies bij en het houden van toezicht op de uitvoering van bouwprojecten,het doen financieren van deze projecten;
- De bouwpromotie,projectontwikkeling en verkoop op plan;
- De groot- en kleinhandel,de import en export in producten voor de bouwnijverheid;
- De groot- en kleinhandel,de import en export,de levering en plaatsing van alle artikelen voor de afwerking,aankleding,inrichting en verfraaiing van het interieur en de omgeving van gebouwde onroerende goederen en in het algemeen van artikelen voor de meubilering en huishoudelijke uitrusting;
- Het plaatsen van alle houten voorwerpen en producten,die door bestemming onroerend worden;
- Het plaatsen van metalen schrijnwerk,voor ondernemingen waarvan het plaatsen meer dan de helft van de jaarlijkse productie dekt en verzekerd wordt door het eigen personeel van de onderneming,voor zover dat het plaatsen op werven meer dan 35% van het totaal van de werkuren,gepresteerd door de arbeiders,in beslag neemt;
- Het plaatsen van sierschoorstenen;
- Schilderen,stofferen en behangen;
- Tegel- en mozaïekwerk en elke andere muur- en grondbekleding,met uitzondering van hout;
- Het plaatsen van afsluitingen;
- Asfalteren en bitumeren;
- Zij zal tussenpersoon in handel zijn en de taak van agentuur mogen vervullen.
- De vennootschap mag participeren,onder welke vorm dan ook,in de oprichting,ontwikkeling,omvorming en controle van alle ondernemingen,Belgische of buitenlandse,commerciële,financiële,industriële of andere;
- Zij mag eender welke titels of rechten verwerven door middel van participatie,inbreng,onderschrijving,koop,aankoopoptie,verhandeling of op iedere andere wijze.
- De vennootschap mag op welke wijze ook betrokken zijn in taken,ondernemingen of vennootschappen,die hetzelfde,een soortgelijk of een samenhangend voorwerp hebben,of die de ontwikkeling van haar onderneming kunnen bevorderen,haar grondstoffen kunnen leveren,of de afzet van haar producten kunnen vergemakkelijken.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- AG-Plus Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Eenvoudige beslissing, alle machten tot authentieke vaststelling statutenwijziging” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1” (deed in Dutch)“Vaste of evenredige vergoeding, of mandaat al dan niet ten kosteloze titel wordt uitgeoefend” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met WVV-vermeldingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft koper(s) naar evenredigheid, elke overdracht onder levenden ten bezwarende/kosteloze titel,vrijwillig/gedwongen…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte nieuwe aandelen, voorkeurrecht” (deed in Dutch)“Inbreng in geld met uitgifte nieuwe aandelen bij vruchtgebruik, blote eigenaar bij onbenut” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd, ontbinding en sluiting vereffening in één akte mogelijk…” (deed in Dutch)