AG STAB
ActiveSummary
AG STAB has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85,979 and a net result of €52,650. Equity is shrinking by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 25% of 9574 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+8
Solvency50▼-8
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.4 in 2024; short-term debt: 74.9% and cash: 63.9% of total assets), and 74.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.1%
Return on assets
15.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-12-2025, 32 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
32 d early
2024
1 d early
2023
6 d early
2022
4 d early
2021
4 d late
2020
2 d late
2019
10 d 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 7 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 27 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€85,979▼ 51.8%
2024 · €178,393
Total assets
€342,158▼ 36.8%
2024 · €541,313
Net result
€52,650▲ 12.9%
2024 · €46,652
Working capital
€46,524▼ 68.0%
2024 · €145,228
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€78,408▼ 40.6%€90,994▲ 16.1%€37,196▼ 59.1%€59,389▲ 59.7%€66,585▲ 12.1%
Net result€61,174above the sector's middle half▼ 33.8%€65,519above the sector's middle half▲ 7.1%€29,421within the sector's middle half▼ 55.1%€46,652above the sector's middle half▲ 58.6%€52,650above the sector's middle half▲ 12.9%
Equity€291,860above the sector's middle half▲ 26.5%€165,993above the sector's middle half▼ 43.1%€178,393above the sector's middle half▲ 7.5%€178,393above the sector's middle half=€85,979within the sector's middle half▼ 51.8%
Total assets€419,854above the sector's middle half▲ 21.3%€495,298above the sector's middle half▲ 18.0%€501,859above the sector's middle half▲ 1.3%€541,313above the sector's middle half▲ 7.9%€342,158above the sector's middle half▼ 36.8%
Debt€127,993▲ 10.8%€329,305▲ 157%€323,466▼ 1.8%€362,920▲ 12.2%€256,179▼ 29.4%
Working capital€243,001above the sector's middle half▲ 47.1%€127,880above the sector's middle half▼ 47.4%€141,668above the sector's middle half▲ 10.8%€145,228above the sector's middle half▲ 2.5%€46,524within the sector's middle half▼ 68.0%
Solvency69.5%within the sector's middle half▲ 2.9pp33.5%within the sector's middle half▼ 36.0pp35.5%within the sector's middle half▲ 2.0pp33.0%within the sector's middle half▼ 2.6pp25.1%within the sector's middle half▼ 7.8pp
Current ratio2.90within the sector's middle half▲ 0.441.39within the sector's middle half▼ 1.511.44within the sector's middle half▲ 0.051.40within the sector's middle half▼ 0.041.18within the sector's middle half▼ 0.22
Return on assets (ROA)14.6%within the sector's middle half▼ 12.1pp13.2%within the sector's middle half▼ 1.3pp5.9%within the sector's middle half▼ 7.4pp8.6%within the sector's middle half▲ 2.8pp15.4%within the sector's middle half▲ 6.8pp
Staff (FTE)0.7=1.6▲ 129%2▲ 25.0%1.5▼ 25.0%1.4▼ 6.7%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 12% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €342,158
Fixed assets
€39,456 ▲ 19.0%
Current assets
€302,703 ▼ 40.4%
Equity and liabilities €342,158
Equity
€85,979 ▼ 51.8%
Debt
€256,179 ▼ 29.4%
Debt's share of the balance-sheet total rises from 67.0% to 74.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€71,740▲
2024 · €63,950
Cash flow
€57,804▲
2024 · €51,213
Debt to equity
2.98▲
2024 · 2.03
ROE
61.2%▲
2024 · 26.2%
Interest coverage
1392.20▲
2024 · 1349.16
Debt ≤ 1 year
€256,179▼
2024 · €362,920
Income taxes
€13,884▲
2024 · €12,690
Staff costs
€56,248▲
2024 · €53,626
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.0% |
| 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% 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 6,713 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €579 | €1 | €55 | ▲ 5,462% |
| Remuneration, social security and pensions62 | - | €29,909 | €45,595 | €53,626 | €56,248 | ▲ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,466 | €10,746 | €4,651 | €4,562 | €5,155 | ▲ 13.0% |
| Other operating charges640/8 | - | €496 | €496 | €644 | €476 | ▼ 26.2% |
| Non-recurring operating charges66A | - | €0 | €2,397 | €3 | €1 | ▼ 68.0% |
| Gross operating margin9900 | €122,788 | €132,146 | €90,335 | €118,223 | €128,464 | ▲ 8.7% |
| Operating profit (loss)9901 | €78,408 | €90,994 | €37,196 | €59,389 | €66,585 | ▲ 12.1% |
| Financial income75/76B | - | - | €500 | - | - | - |
| Recurring financial income75 | - | - | €500 | - | - | - |
| Financial charges65/66B | - | €1,984 | €293 | €47 | €52 | ▲ 8.7% |
| Recurring financial charges65 | €229 | €1,527 | €188 | €47 | €52 | ▲ 8.7% |
| Non-recurring financial charges66B | - | €457 | €105 | - | - | - |
| Profit (loss) for the period before taxes9903 | €77,735 | €89,010 | €37,403 | €59,341 | €66,534 | ▲ 12.1% |
| Income taxes67/77 | €16,561 | €23,490 | €7,982 | €12,690 | €13,884 | ▲ 9.4% |
| Profit (loss) for the period9904 | €61,174 | €65,519 | €29,421 | €46,652 | €52,650 | ▲ 12.9% |
| Profit (loss) for the period to be appropriated9905 | €61,174 | €65,519 | €29,421 | €46,652 | €52,650 | ▲ 12.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €419,854 | €495,298 | €501,859 | €541,313 | €342,158 | ▼ 36.8% |
| Fixed assets21/28 | €48,859 | €38,113 | €36,725 | €33,165 | €39,456 | ▲ 19.0% |
| Intangible fixed assets21 | €5,000 | - | - | - | - | - |
| Tangible fixed assets22/27 | €43,859 | €38,113 | €36,725 | €33,165 | €39,456 | ▲ 19.0% |
| Furniture and vehicles24 | - | €146 | €2,569 | €2,530 | €10,855 | ▲ 329% |
| Other tangible fixed assets26 | - | €37,967 | €34,156 | €30,635 | €28,600 | ▼ 6.6% |
| Current assets29/58 | €370,994 | €457,185 | €465,134 | €508,148 | €302,703 | ▼ 40.4% |
| Amounts receivable within one year40/41 | €32,558 | €30,667 | €87,740 | €98,600 | €79,074 | ▼ 19.8% |
| Trade receivables40 | - | €30,667 | €75,722 | €98,600 | €77,848 | ▼ 21.0% |
| Other amounts receivable41 | - | - | €12,018 | - | €1,225 | - |
| Cash at bank and in hand54/58 | €338,437 | €426,518 | €377,395 | €409,548 | €218,495 | ▼ 46.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €5,134 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €419,854 | €495,298 | €501,859 | €541,313 | €342,158 | ▼ 36.8% |
| Equity10/15 | €291,860 | €165,993 | €178,393 | €178,393 | €85,979 | ▼ 51.8% |
| Contributions10/11 | - | €6,200 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €285,660 | €159,793 | €157,933 | €157,933 | €65,519 | ▼ 58.5% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €157,933 | €157,933 | €157,933 | €65,519 | ▼ 58.5% |
| Amounts payable17/49 | €127,993 | €329,305 | €323,466 | €362,920 | €256,179 | ▼ 29.4% |
| Amounts payable within one year42/48 | €127,993 | €329,305 | €323,466 | €362,920 | €256,179 | ▼ 29.4% |
| Trade debts44 | €3,506 | €4,459 | €5,616 | €3,792 | €13,465 | ▲ 255% |
| Suppliers440/4 | - | €4,459 | €5,616 | €3,792 | €13,465 | ▲ 255% |
| Taxes, remuneration and social security45 | - | €42,642 | €22,005 | €15,323 | €20,342 | ▲ 32.8% |
| Taxes450/3 | - | €42,336 | €19,194 | €14,951 | €17,002 | ▲ 13.7% |
| Remuneration and social security454/9 | - | €306 | €2,812 | €372 | €3,340 | ▲ 798% |
| Other amounts payable47/48 | - | €282,204 | €295,845 | €343,805 | €222,371 | ▼ 35.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,174 | €65,519 | €29,421 | €46,652 | €52,650 | ▲ 12.9% |
| + Depreciation and write-downs630 | €18,466 | €10,746 | €4,651 | €4,562 | €5,155 | ▲ 13.0% |
| Operating cash flow (approximation) | €79,640 | €76,266 | €34,071 | €51,213 | €57,804 | ▲ 12.9% |
| Investment in fixed assets (approximation) | - | €0 | -€3,263 | -€1,002 | -€11,445 | ▼ 1,043% |
| Change in cash | - | €88,082 | -€49,124 | €32,153 | -€191,053 | ▼ 694% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €29,421 ▼55.1%
Net result drops to €29,421, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
30-06
Financial
Highest result since 2019net €92,413 ▲128%
Operating result €131,919, net result €92,413, both a record.
30-06
Financial
Equity above €200,000Eq €230,686 ▲66.8%
2 profitable years in a row build equity to €230,686.
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Morlanwelz · 1 establishment unit since 2017
Ground area
76 m²
Building footprint
75 m²
Parcel 56057A0312/00H009, Wallonia. Linked by address, not a title deed.
1 establishment unit
AG STAB
since 20172.260.192.644
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56057A0312/00H009 | Wallonia | 75 m² | 1 · 75 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,573 companies in sector 71121 we hold annual accounts for 6,570. 5,201 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-01-2017
Fiscal year end30-06
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
82990Other business support services
Contact
Website
www.agstab.beMorlanwelz
E-mail
info@agstab.beMorlanwelz
E-invoicing
Reachable via Peppol
Peppol ID
0208:0668855778
Also
9925:BE0668855778
Registered
28-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.