AG Real Estate Projects

Active

Public limited companyfounded 2015active for 11 yearsKunstlaan 58, 1000 Brussel, Belgium101 active companies are registered at this addressKBO/BCE: BE 0632.680.619

From the official registers: KBO 11 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

AG Real Estate Projects has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20.7m and a net result of -€1.1m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 82% of 5,786 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow Report Compare

AG Real Estate ProjectsActiveChecked score 87/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 23-06-2015 Normal situation
Legal form: Public limited company
Registered office: Kunstlaan 58, 1000 Brussel
Activity: Development of residential building projects NACE 68121
Establishment unit: 2.243.535.665 1000 Brussel, since 23-06-2015
Financial year end: 31 December
Peppol: Reachable

Company details

Who decides

Board

MARC VAN BEGIN BVDirector · since 08-06-2021
Amaury de CrombruggheDirector · since 15-07-2024
Astrid FlamandDirector · since 03-03-2025

Auditor: PricewaterhouseCoopers Reviseurs d'Entreprises

Shareholders

AG REAL ESTATE LAND100%annual accounts 2025
AGEAS NVconsolidatesannual accounts 2025
AG REAL ESTATE FINANCE0.17%annual accounts 2019

Board & ownership

How it is doing

87 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.3%

Annual accounts 2025

Turnover: €539,607; ▼ 72.9%
Loss: €1.1m; ▼ 75.1%
Equity: €20.7m; ▼ 5.1%
Total assets: €25.2m; ▼ 32.8%

2025 accounts 37 days early

Filed on 24-06-2026at the National Bank

Financials

Why 87raises riskLiquidity: current ratio 5.61Loss of €1.1m, the second in a row (financial year 2025)lowers riskLegal form: public limited companySector: Real estate activities (NACE 68)Show the evidence

Checked score

Score 2025

87 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 56% of its sector peers (NACE 68, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 100+17

equity 82.1% of total assets

Liquidity 90+30

short-term debt 17.8%

Profitability 26+18

return on assets -4.4%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,722 companies, NACE 68, medium-sized)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.4%▲ +0.1 percentage points vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.5%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.3%▼ -0.2 percentage points vs 09-2026

Credit of up to €50,000 on 30-day terms is acceptable

Liquidity ample (current ratio 5.61, compared with 2.39 in 2024, above the usual 1.5; short-term debt: 17.8% of total assets), and 17.9% of the assets are financed with debt and provisions.

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 68, medium-sized): better than 92% on solvency, 97% on liquidity, 20% on profitability and 16% 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. 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

Six signals.

lowers riskraises riskneutral

Liquidity: current ratio 5.61

NBB · annual accounts

Loss of €1.1m, the second in a row (financial year 2025)

NBB · annual accounts

Legal form: public limited company

KBO

Sector: Real estate activities (NACE 68)

KBO

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€1.1m

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

37 days early

2024

31 days early

2023

30 days early

2022

33 days early

2021

34 days early

2020

12 days early

2019

31 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 30 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

31-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Caution: Turnover fell in 2025from €2.0m to €539,607 ▼ 72.9% View
Caution: Among the weakest 5% on net resultsector median €20,406 · 5,793 companies -€1.1m View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Controlled by AG REAL ESTATE LANDultimately: AGEAS NV 100% View
Caution: 2 loss-making years in a rowloss financial year 2025 -€1.1m View

Documents

Key facts about AG Real Estate Projects

What is the company number of AG Real Estate Projects?: 0632.680.619. In Belgium the VAT number is the company number with BE in front: BE 0632.680.619.
Where is AG Real Estate Projects based?: The registered office is at Kunstlaan 58, 1000 Brussel.Company details
What does AG Real Estate Projects do?: According to the KBO register, the main activity is development of residential building projects (NACE 68121).
What is the legal form of AG Real Estate Projects?: Public limited company (NV).
When was AG Real Estate Projects founded?: On 23-06-2015.
Is AG Real Estate Projects still active?: Yes, AG Real Estate Projects is an active enterprise in the KBO register.
What is the turnover of AG Real Estate Projects?: €539,607 in financial year 2025, according to the filed annual accounts.Financials
Is AG Real Estate Projects profitable?: In financial year 2025, AG Real Estate Projects made a loss of €1.1m.
Where can I find the annual accounts of AG Real Estate Projects?: AG Real Estate Projects filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of AG Real Estate Projects due?: By 31-07-2027, for financial year 2026.Timeline

Companies related to AG Real Estate Projects

Parent and group

Shareholders

AG REAL ESTATE FINANCE0.17%

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Overview

Official details

Who decides

How it is doing

Checked score

Signals

Key points

Documents

Annual accounts at the NBB

Acts in the Belgian Official Gazette

Articles and registers

Key facts about AG Real Estate Projects

Companies related to AG Real Estate Projects

Parent and group

Shareholders

Comparable companies

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