AG SOLUTION
ActiveSummary
AG SOLUTION has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of €129,522. Equity has been growing by about 50% per year since 2018. Its solvency ranks better than 58% of 12,777 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-09-1998 Normal situation
- Registered office
- 10 active companies are registered at this address Source: KBO register, as of 3 November 2026.
- Activity
- Retail sale of information and communication equipment NACE 47400and 1 other
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.088.946.468 2610 Antwerpen, since 23-10-1998
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- Automation & Event ServicesManaging director · permanent representative D'HAESE Guy Andrea Constant
- Yellow BrainManaging director · permanent representative BILLIARD Eric Adeline Joseph
- Yannick WallerDirector
Shareholders
- AG SOLUTION HOLDING100%2025 annual accounts of AG SOLUTION HOLDING
- SOLUTION GROUP100%2023 annual accounts of SOLUTION GROUP
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Gross margin
- €3.6m
- ▼ 20.0%
- Turnover
- ≈ €14.0m
- estimated
- Profit
- €129,522
- ▼ 82.4%
- Equity
- €2.5m
- ▲ 5.5%
- Total assets
- €5.6m
- ▲ 26.6%
- Employees on 31-12-2025
- 41
- ▲ 7.9%
Score breakdownraises risk1 of the last 3 accounts latelowers riskFounded in 1998Equity €2.5m (44.3% of total assets)Size: 37.3 FTE, total assets €5.6mShow the evidence
Checked score
Score 2025
90
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 49% of small companies in retail trade (NACE 47)
Financial strength · tick: 2024
Average
Solvency
69-9
equity 44.3% of total assets
Liquidity
37-4
short-term debt 55.2% · cash 12.1%
Profitability
51-39
return on assets 2.3%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.5%▼ -0.4 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.4 percentage points vs 07-2025
09-2025: 1.2%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.1%▼ -1.1 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €220,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.48 (1.66 in 2024), below the usual 1.5. Short-term debt is 55.2% and cash 12.1% of total assets. 55.7% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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 47, small). It does better than 66% of them on solvency, 40% on liquidity, 33% on profitability and 56% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 days early
2024
28 days late
2023
34 days late
2022
3 days early
2021
9 days early
2020
12 days early
2019
6 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · 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 July (4 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-06-2026 PDF all 27 filings
Turnover
≈ €14.0m
Estimated: probably between €8.5m and €26.0m
Total assets
€5.6m▲ 26.6%
2024 · €4.4m
Net result
€129,522▼ 82.4%
2024 · €737,663
Working capital
€1.5m▲ 8.9%
2024 · €1.4m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€336,621
▼ 71.6%
2025
20182025
Net result
€129,522
▼ 82.4%
2025
highest quarter of the sector
20182025
Equity
€2.5m
▲ 5.5%
2025
highest quarter of the sector
20182025
Total assets
€5.6m
▲ 26.6%
2025
highest quarter of the sector
20182025
Debt
€3.1m
▲ 50.5%
2025
20182025
Working capital
€1.5m
▲ 8.9%
2025
highest quarter of the sector
20182025
Solvency
44.3%
▼ 8.9pp
2025
middle half of the sector
20182025
Current ratio
1.48
▼ 0.18
2025
middle half of the sector
20182025
Return on assets (ROA)
2.3%
▼ 14.4pp
2025
middle half of the sector
20182025
Staff (FTE)
37.3
▼ 3.4%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.3m-€0.6m▲ 88.5%€0.7m▲ 28.3%€1.0m▲ 36.5%-€0.04m€1.3m€1.2m▼ 11.7%€0.3m▼ 71.6%
Net result€0.3m-€0.5m▲ 102%€0.5mabove the sector's middle half▲ 0.4%€0.7mabove the sector's middle half▲ 28.5%-€0.1mbelow the sector's middle half€0.9mabove the sector's middle half€0.7mabove the sector's middle half▼ 13.3%€0.1mabove the sector's middle half▼ 82.4%
Equity€0.2m-€0.2m▲ 4.0%€0.2mwithin the sector's middle half▲ 11.1%€0.9mabove the sector's middle half▲ 271%€0.8mabove the sector's middle half▼ 14.7%€1.6mabove the sector's middle half▲ 111%€2.4mabove the sector's middle half▲ 45.6%€2.5mabove the sector's middle half▲ 5.5%
Total assets€1.4m-€1.9m▲ 38.1%€3.2mabove the sector's middle half▲ 65.1%€4.0mabove the sector's middle half▲ 26.3%€4.1mabove the sector's middle half▲ 2.6%€5.2mabove the sector's middle half▲ 26.8%€4.4mabove the sector's middle half▼ 15.5%€5.6mabove the sector's middle half▲ 26.6%
Debt€1.2m-€1.7m▲ 44.1%€2.9m▲ 71.9%€3.1m▲ 6.2%€3.4m▲ 7.5%€3.6m▲ 7.6%€2.1m▼ 42.8%€3.1m▲ 50.5%
Working capital€0.3m-€0.05m▼ 81.8%€0.07mwithin the sector's middle half▲ 41.8%€0.3mwithin the sector's middle half▲ 327%€0.3mwithin the sector's middle half▲ 9.6%€0.7mabove the sector's middle half▲ 108%€1.4mabove the sector's middle half▲ 96.0%€1.5mabove the sector's middle half▲ 8.9%
Solvency14.9%-11.2%▼ 3.7pp7.6%below the sector's middle half▼ 3.7pp22.3%within the sector's middle half▲ 14.7pp18.5%within the sector's middle half▼ 3.8pp30.8%within the sector's middle half▲ 12.3pp53.2%within the sector's middle half▲ 22.3pp44.3%within the sector's middle half▼ 8.9pp
Current ratio1.27-1.03▼ 0.241.03below the sector's middle half=1.10within the sector's middle half▲ 0.081.11within the sector's middle half=1.20within the sector's middle half▲ 0.091.66within the sector's middle half▲ 0.461.48within the sector's middle half▼ 0.18
Return on assets (ROA)18.0%-26.3%▲ 8.3pp16.0%above the sector's middle half▼ 10.3pp16.3%above the sector's middle half▲ 0.3pp-3.2%below the sector's middle half▼ 19.5pp16.2%above the sector's middle half▲ 19.4pp16.7%above the sector's middle half▲ 0.4pp2.3%within the sector's middle half▼ 14.4pp
Staff (FTE)11.1-20.8▲ 87.4%29.8above the sector's middle half▲ 43.3%39.4above the sector's middle half▲ 32.2%42.3above the sector's middle half▲ 7.4%43.2above the sector's middle half▲ 2.1%38.6above the sector's middle half▼ 10.6%37.3above the sector's middle half▼ 3.4%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 72% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.6m
Fixed assets
€1.0m ▲ 3.4%
Current assets
€4.6m ▲ 33.2%
Equity and liabilities €5.6m
Equity
€2.5m ▲ 5.5%
Debt
€3.1m ▲ 50.5%
Debt's share of the balance-sheet total rises from 46.8% to 55.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€514,280▼
2024 · €1.4m
Cash flow
€307,180▼
2024 · €955,108
Quick ratio
1.20▼
2024 · 1.46
Debt to equity
1.26▲
2024 · 0.88
ROE
5.2%▼
2024 · 31.3%
Interest coverage
3.47▼
2024 · 8.26
Debt ≤ 1 year
€3.1m▲
2024 · €2.1m
Income taxes
€87,165▼
2024 · €301,611
Staff costs
€3.1m▼
2024 · €3.1m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 45 | 38 | 46 | 38 | 41 |
| full-time | 36 | 34 | 41 | 34 | 38 |
| part-time | 9 | 4 | 5 | 4 | 3 |
| in full-time equivalents | 41.5 | 36.8 | 44.6 | 36.8 | 39.6 |
| Average over the year, in full-time equivalents | 39.4 | 42.3 | 43.2 | 38.6 | 37.3 |
| On a permanent contract | 43 | 38 | 46 | 38 | 40 |
| Joined | 12 | 12 | 17 | 8 | 11 |
| Left | 4 | 22 | 9 | 13 | 8 |
| Training hours | - | 84 | 44 | 228 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €258,858 | €446,680 | €336,315 | €47,978 | - |
| Pledge on the business | €385,000 | €385,000 | €385,000 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €98,544 | €150,351 | €105,445 | €60,425 | €2,608 |
| Intangible fixed assets | €402,255 | €7,502 | €5,573 | €102,825 | €239,689 |
| Financial fixed assets | - | €125 | €500,000 | - | €0 |
| Depreciation and write-downs of the year | €141,803 | €212,128 | €216,822 | €217,445 | €177,658 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 5 entries · €12,409 awarded · €11,035 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,640 | €1,590 |
| 2024 | 2 | €4,173 | €4,964 |
| 2023 | 2 | €5,596 | €4,481 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0.003m | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €2.9m | €3.3m | €3.7m | €3.1m | €3.1m | ▼ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.05m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 18.3% |
| Other operating charges640/8 | - | - | - | €0.007m | €0.009m | €0.009m | €0.006m | €0.004m | ▼ 40.2% |
| Non-recurring operating charges66A | - | - | - | - | €0.05m | €0 | - | €0.06m | - |
| Gross operating margin9900 | €1.2m | €2.3m | €3.3m | €4.0m | €3.5m | €5.3m | €4.6m | €3.6m | ▼ 20.0% |
| Operating profit (loss)9901 | €0.3m | €0.6m | €0.7m | €1.0m | -€0.04m | €1.3m | €1.2m | €0.3m | ▼ 71.6% |
| Financial income75/76B | - | - | - | €0.004m | €0.003m | €0.02m | €0.02m | €0.03m | ▲ 14.1% |
| Recurring financial income75 | €0.001m | €0.002m | €0.001m | €0.004m | €0.003m | €0.02m | €0.02m | €0.03m | ▲ 14.1% |
| Financial charges65/66B | - | - | - | €0.07m | €0.08m | €0.2m | €0.2m | €0.1m | ▼ 12.6% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.05m | €0.07m | €0.08m | €0.2m | €0.2m | €0.1m | ▼ 12.6% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.5m | €0.7m | €0.9m | -€0.1m | €1.2m | €1.0m | €0.2m | ▼ 79.2% |
| Income taxes67/77 | €0.03m | €0.03m | €0.2m | €0.2m | €0.01m | €0.4m | €0.3m | €0.09m | ▼ 71.1% |
| Profit (loss) for the period9904 | €0.3m | €0.5m | €0.5m | €0.7m | -€0.1m | €0.9m | €0.7m | €0.1m | ▼ 82.4% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.5m | €0.5m | €0.7m | -€0.1m | €0.9m | €0.7m | €0.1m | ▼ 82.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.4m | €1.9m | €3.2m | €4.0m | €4.1m | €5.2m | €4.4m | €5.6m | ▲ 26.6% |
| Fixed assets21/28 | €0.1m | €0.2m | €0.4m | €0.8m | €0.7m | €1.1m | €1.0m | €1.0m | ▲ 3.4% |
| Intangible fixed assets21 | €0.007m | €0.07m | €0.06m | €0.4m | €0.3m | €0.2m | €0.2m | €0.4m | ▲ 60.3% |
| Tangible fixed assets22/27 | €0.08m | €0.1m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.1m | ▼ 42.5% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0.02m | €0.02m | €0.02m | €0.007m | ▼ 60.5% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.1m | €0.1m | €0.09m | €0.08m | ▼ 17.4% |
| Other tangible fixed assets26 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.06m | ▼ 56.8% |
| Financial fixed assets28 | €0.007m | €0.03m | €0.02m | €0.02m | €0.02m | €0.5m | €0.5m | €0.5m | = |
| Current assets29/58 | €1.3m | €1.7m | €2.8m | €3.2m | €3.4m | €4.2m | €3.4m | €4.6m | ▲ 33.2% |
| Stocks and contracts in progress3 | - | - | €0.5m | €1.1m | €1.1m | €0.9m | €0.4m | €0.9m | ▲ 109% |
| Contracts in progress37 | - | - | - | €1.1m | €1.1m | €0.9m | €0.4m | €0.9m | ▲ 109% |
| Amounts receivable within one year40/41 | €0.9m | €0.8m | €1.7m | €1.7m | €2.2m | €3.1m | €2.4m | €2.9m | ▲ 23.3% |
| Trade receivables40 | - | - | - | €1.4m | €1.9m | €2.7m | €1.8m | €2.6m | ▲ 43.6% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.3m | €0.4m | €0.6m | €0.3m | ▼ 40.5% |
| Cash at bank and in hand54/58 | €0.3m | €0.1m | €0.4m | €0.4m | €0.05m | €0.09m | €0.5m | €0.7m | ▲ 34.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.07m | €0.1m | €0.09m | €0.1m | €0.09m | ▼ 33.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.4m | €1.9m | €3.2m | €4.0m | €4.1m | €5.2m | €4.4m | €5.6m | ▲ 26.6% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.9m | €0.8m | €1.6m | €2.4m | €2.5m | ▲ 5.5% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.06m | €0.07m | €0.09m | €0.7m | €0.6m | €1.5m | €2.2m | €2.3m | ▲ 5.9% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.7m | €0.6m | €1.5m | €2.2m | €2.3m | ▲ 5.9% |
| Amounts payable17/49 | €1.2m | €1.7m | €2.9m | €3.1m | €3.4m | €3.6m | €2.1m | €3.1m | ▲ 50.5% |
| Amounts payable after more than one year17 | €0.08m | €0.02m | €0.3m | €0.2m | €0.2m | €0.1m | €0 | - | - |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.1m | €0 | - | - |
| Amounts payable within one year42/48 | €1.0m | €1.7m | €2.7m | €2.9m | €3.1m | €3.5m | €2.1m | €3.1m | ▲ 49.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.6m | €0.2m | €0.5m | €0.1m | €0 | ▼ 100% |
| Financial debts43 | - | - | - | €0.4m | €1.2m | €0.4m | €0 | - | - |
| Credit institutions430/8 | - | - | - | €0.4m | €1.2m | €0.4m | €0 | - | - |
| Trade debts44 | €0.5m | €0.7m | €0.5m | €1.1m | €1.3m | €2.1m | €0.9m | €0.7m | ▼ 28.9% |
| Suppliers440/4 | - | - | - | €1.1m | €1.3m | €2.1m | €0.9m | €0.7m | ▼ 28.9% |
| Advances received on contracts in progress46 | - | - | - | - | €0.07m | €0.03m | €0.1m | €0.3m | ▲ 212% |
| Taxes, remuneration and social security45 | - | - | - | €0.4m | €0.3m | €0.5m | €0.5m | €0.4m | ▼ 19.4% |
| Taxes450/3 | - | - | - | €0.2m | €0.02m | €0.1m | €0.1m | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €0.3m | €0.3m | €0.4m | €0.3m | €0.4m | ▲ 15.2% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.05m | €0.001m | €0.5m | €1.7m | ▲ 272% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.02m | €0.005m | €0 | €0.03m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.5m | €0.5m | €0.7m | -€0.1m | €0.9m | €0.7m | €0.1m | ▼ 82.4% |
| + Depreciation and write-downs630 | €0.05m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 18.3% |
| Operating cash flow (approximation) | €0.3m | €0.6m | €0.6m | €0.8m | €0.08m | €1.1m | €1.0m | €0.3m | ▼ 67.8% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.4m | -€0.5m | -€0.1m | -€0.6m | -€0.1m | -€0.2m | ▼ 40.9% |
| Change in cash | - | -€0.2m | €0.3m | €0.008m | -€0.4m | €0.04m | €0.4m | €0.2m | ▼ 57.7% |
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, 14,766 companies had the same profile as AG SOLUTION has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AG SOLUTION itself: 0.2% 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 14,766 companies, not a prediction for AG SOLUTION. 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.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-06-2026 | 2026-00163158 | |
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00462341 | |
| 31-12-2023 | abbreviated format | 03-09-2024 | 2024-00450030 | |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00292162 | |
| 31-12-2021 | abbreviated format | 22-07-2022 | 2022-20211522 | |
| 31-12-2020 | abbreviated format | 19-07-2021 | 2021-36500431 | |
| 31-12-2019 | abbreviated format | 06-08-2020 | 2020-39500398 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-56800065 | |
| 31-12-2017 | abbreviated format | 26-07-2018 | 2018-38100392 | |
| 31-12-2016 | abbreviated format | 25-08-2017 | 2017-47800086 |
Board & ownership
Directors
Directors
3 directors, 2 in day-to-day management, last change in 2026
Board 3
Automation & Event Services
Current
Director (not named in the articles) · since 23-03-2023 · 6-year term from 2023 · Private limited company · permanent representative: D'HAESE Guy Andrea Constant · listed in the 2025 annual accounts, filed on 09-06-2026
Yellow Brain
Current
Director (not named in the articles) · since 23-03-2023 · 6-year term from 2023 · Private limited company · permanent representative: BILLIARD Eric Adeline Joseph · listed in the 2025 annual accounts, filed on 09-06-2026
Yannick Waller
Current
Director · appointed in the act of 12-08-2026 · 6-year term from 2026
Day-to-day management 2
Automation & Event Services
Current
Managing director · appointed in the act of 27-03-2023 · 6-year term from 2023 · Private limited company · permanent representative: D'HAESE Guy Andrea Constant
Yellow Brain
Current
Managing director · appointed in the act of 27-03-2023 · 6-year term from 2023 · Private limited company · permanent representative: BILLIARD Eric Adeline Joseph
Permanent representatives 2
BILLIARD Eric Adeline Joseph
Current
Permanent representative · in office according to the act of 27-03-2023 · for Yellow Brain
D'HAESE Guy Andrea Constant
Current
Permanent representative · in office according to the act of 27-03-2023 · for Automation & Event Services
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 19. Vertegenwoordiging van de vennootschap 1. Alle akten die de vennootschap verbinden, in en buiten rechte, zijn geldig wanneer zij…”
deed of 27-03-2023Owners and capital
Shareholders
2 ownersChain of control
- AG SOLUTION HOLDING
- AG SOLUTION
Owners 2
- AG SOLUTION HOLDINGparentEquity €3.6m Profit of €449,511 in 2025 (profit of €280,353 in 2024)100%
- SOLUTION GROUPparentEquity €1.9m Profit of €7,102 in 2023 (loss of €15,278 in 2022)100%
Capital transactions
Shareholders according to the deeds
Stated in the act
act of 05-12-2024 ↗
- enige aandeelhouder all shares
Capital over time
- 27-03-2023 Capital stated in the deed · €150,000 · 4,800 shares
Mandate history
4 people, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Automation & Event Services |
|
| Yellow Brain |
|
| Yannick Waller |
|
| Stéphane Lusoli |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Samenstelling van de raad van bestuur, hoogstens zes jaar”
Articles of association, deed of 27-03-2023 (in Dutch)
Network & group
Companies at the same address
9 other companies- Stichting Administratiekantoor AmberCo Registered office · since 2024 1015052441
- AG SOLUTION STAK Registered office · since 2022 0785550243
- AnneHele Registered office · since 2022 0784954484
- HILDERIC Registered office · since 2022 0784953791
- AG SOLUTION HOLDING Registered office · since 2022 0784286075
- Madrid Registered office · since 2020 0743803819
- Allrent Belgium Registered office · since 2014 0507743530
- SECURITAS Establishment · since 2012 0427388334
- Yellow Brain Registered office · since 1995 0454106686
Connections & network
3 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
12-08
Gazette deed
Resignation: Stéphane Lusoli (director)Appointment: Yannick Waller (director) · Power of attorney5 points ▸
Gazette deed
Resignation: Stéphane Lusoli (director)
Appointment: Yannick Waller (director) · Power of attorney5 points ▸
- General meeting, 02-06-2026
- Director resignation, Stéphane Lusoli (director)
- Director appointment, Yannick Waller (director)
- Board meeting, 02-07-2026
- Power of attorney, Stéphanie Cauwenbergh
09-06
abbreviated format · 52 days before the deadline
2025
28-08
abbreviated format · 28 days late
2024
31-12
Financial
Equity above €2mequity €2.4m ▲45.6%
After 2 profitable years in a row, equity reaches €2.4m.
05-12
Gazette deed
Appointment: Stéphane Lusoli (director)Shareholding3 points ▸
Gazette deed
Appointment: Stéphane Lusoli (director)
Shareholding3 points ▸
- General meeting, 18-10-2024
- Director appointment, Stéphane Lusoli (director)
- enige aandeelhouder holds all the shares
03-09
abbreviated format · 34 days late
2023
31-12
Financial
Back to profitnet €851,232
The net result is €851,232, after one loss-making year.
31-12
Financial
Equity above €1mequity €1.6m ▲111%
Equity rises from €764,763 to €1.6m.
28-07
abbreviated format · 3 days before the deadline
27-03
Gazette deed
Registered office moved from Antwerpen to WilrijkNew seat: 2610 Wilrijk, Moerelei, 125 · Previous seat: 2080 Antwerpen, Katwilgweg, 4 bus 2 · Reappointments: Yellow Brain (director) and Automation & Event Services (director)11 points ▸
Gazette deed
Registered office moved from Antwerpen to Wilrijk
New seat: 2610 Wilrijk, Moerelei, 125 · Previous seat: 2080 Antwerpen, Katwilgweg, 4 bus 2 · Reappointments: Yellow Brain (director) and Automation & Event Services (director)11 points ▸
- General meeting, 20-03-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €150,000
- Director reappointment, Yellow Brain (director (not named in the articles))
- Director reappointment, Automation & Event Services (director (not named in the articles))
- Permanent representative, BILLIARD Eric Adeline Joseph
- Permanent representative, D'HAESE Guy Andrea Constant
- Other provision, “kwijting ontslagnemende bestuurders, uitoefening mandaat” (deed in Dutch)
- Registered-office move, 2610 Wilrijk,Moerelei,125
- Director appointment, Yellow Brain (managing director)
- Director appointment, Automation & Event Services (managing director)
2022
31-12
Financial
Weakest financial yearnet -€132,114
The net result drops to -€132,114, the lowest from 2018 to 2025. It recovers the following year.
12-09
Gazette deed
Miscellaneous1 point ▸
Gazette deed
Miscellaneous
1 point ▸
- Other provision, “eenhoofdigheid vennootschap, stuk betreffende eenhoofdigheid neergelegd in vennootschapsdossier” (deed in Dutch)
Show earlier events
22-07
abbreviated format · 9 days before the deadline
2021
31-12
Financial
Equity above €500,000equity €896,877 ▲271%
With a profit in every financial year since 2018, equity grows to €896,877.
19-07
abbreviated format · 12 days before the deadline
2020
06-08
abbreviated format · 6 days late
2019
29-08
abbreviated format · 29 days late
2018
26-07
abbreviated format · 5 days before the deadline
2017
25-08
abbreviated format · 25 days late
1998
12-09
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
AG SOLUTION in Dutch
Enterprise number
0464.066.806
Legal form
Public limited company
Status
Active, normale toestand
Founded
02-09-1998
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 27-03-2023 (in Dutch)Name clauseThe company operates under this name according to its articles.
AG Solution
deed of 27-03-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Eenvoudige beslissing, Vlaams Gewest”
deed of 27-03-2023 (in Dutch)Registered office and establishments
Registered office
Moerelei 125, 2610 Antwerpen, Belgium
1 former office
- 2080 Antwerpen until 20-03-2023 · act of 27-03-2023
Establishment unit
VOBIS, Moerelei 125, 2610 Antwerpen since 23-10-1998 · unit number 2.088.946.468
Activities
NACEBEL 2025VAT activities
47400
Retail sale of information and communication equipment main activity
Social security (RSZ) activities
62100
Computer programming main activity
Codes under NACEBEL 2008
VAT activities
47410
Retail trade main activity
Social security (RSZ) activities
62010
Computer programming, consultancy and related activities main activity
Codes under NACEBEL 2003
52487
main activity
Joint committee
200 Aanvullend Paritair Comité voor de bedienden annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 27-03-2023 (in Dutch)
“1.De handel,de aan-en verkoop,de in-en uitvoer,zowel onder de vorm van klein-als groothandel,van computers,dit onder de noemer van hard-en…”
8 activities
- 1.De handel,de aan-en verkoop,de in-en uitvoer,zowel onder de vorm van klein-als groothandel,van computers,dit onder de noemer van hard-en software,randapparatuur,computermateriaal,systemen en netwerken,het onderhoud en de herstellingen ervan.De handel in kantoormeubilair en bureelartikelen.
- 2.Het uitvoeren van berekeningen en studies,nodig voor de industriële automatisering van machines en industriële installaties.
- 3.Het ontwerpen en realiseren van sturingen van bovengenoemde machines en installaties.
- 4.Het ontwerpen of integreren,installeren en onderhouden van IT-installaties.
- 5.Het ontwikkelen van software voor industriële sturingen en traceability.
- 6.Het verzorgen van cursussen en opleidingen op vlak van ingenieurswetenschappen en op vlak van bovengenoemde sturingen en installaties.
- 7.Het geven van consultancy op vlak van bovengenoemde domeinen.
- 8.De aan-en verkoop van technische apparatuur.
Invoicing and payment
VAT number
BE 0464.066.806
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of May
deed of 27-03-2023 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
4,700 m²
Building footprint
2,210 m²
Building volume
18,886 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11463D0190/00E000 | Flanders | 4,700 m² | 1 · 2,210 m² | 12.5 m · 3 |