AG-TEC
ActiveSummary
AG-TEC has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.1m and a net result of €2.0m. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 77% of 312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-4
Solvency85▼-13
Growth85=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €750,000 at 30 days acceptable
Liquidity ample (current ratio 2.69 against 4.15 in 2024; short-term debt: 36.9% and cash: 21.1% of total assets), and 39.7% 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○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
60.3%
Return on assets
12.1%
Age of the figures
9 mo
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
57 d early
2023
65 d early
2022
45 d early
2021
45 d early
2020
71 d early
2019
5 d late
← 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 47 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€43.6m▲ 15.3%
2024 · €37.8m
EBIT margin
6.8%▼ 0.2pp
2024 · 6.9%
Net result
€2.0m▲ 14.2%
2024 · €1.8m
Working capital
€10.4m▲ 24.6%
2024 · €8.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€11.1m▲ 5.3%€14.5m▲ 30.7%€37.3m▲ 157%€37.8m▲ 1.4%€43.6m▲ 15.3%
Operating result€562,806▲ 4.6%€771,066▲ 37.0%€2.9m▲ 277%€2.6m▼ 9.8%€3.0m▲ 12.7%
Net result€295,706within the sector's middle half▲ 5.5%€446,073within the sector's middle half▲ 50.9%€2.0mabove the sector's middle half▲ 349%€1.8mabove the sector's middle half▼ 11.8%€2.0mabove the sector's middle half▲ 14.2%
EBIT margin5.1%=5.3%▲ 0.2pp7.8%▲ 2.5pp6.9%▼ 0.9pp6.8%▼ 0.2pp
Equity€3.9mwithin the sector's middle half▲ 7.4%€4.3mwithin the sector's middle half▲ 10.8%€6.3mwithin the sector's middle half▲ 45.5%€8.1mwithin the sector's middle half▲ 27.6%€10.1mabove the sector's middle half▲ 24.7%
Total assets€6.6mwithin the sector's middle half▲ 25.6%€14.6mwithin the sector's middle half▲ 122%€10.9mwithin the sector's middle half▼ 24.9%€11.1mwithin the sector's middle half▲ 1.6%€16.7mabove the sector's middle half▲ 50.2%
Debt€2.4m▲ 83.3%€9.9m▲ 313%€4.2m▼ 56.9%€2.7m▼ 37.3%€6.2m▲ 132%
Working capital€4.2m▲ 7.1%€4.5m▲ 8.7%€6.1m▲ 34.4%€8.3m▲ 36.3%€10.4m▲ 24.6%
Solvency59.7%above the sector's middle half▼ 10.1pp29.8%within the sector's middle half▼ 29.9pp57.8%within the sector's middle half▲ 28.0pp72.6%above the sector's middle half▲ 14.8pp60.3%above the sector's middle half▼ 12.3pp
Staff (FTE)7.8below the sector's middle half▲ 11.4%11.8within the sector's middle half▲ 51.3%20.9within the sector's middle half▲ 77.1%19.5within the sector's middle half▼ 6.7%21.4within the sector's middle half▲ 9.7%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.7m
Fixed assets
€146,735 ▲ 8.1%
Current assets
€16.5m ▲ 50.7%
Equity and liabilities €16.7m
Equity
€10.1m ▲ 24.7%
Provisions
€441,878 ▲ 17.4%
Debt
€6.2m ▲ 132%
Debt's share of the balance-sheet total rises from 24.0% to 37.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.0m▲
2024 · €2.8m
Cash flow
€2.1m▲
2024 · €1.9m
Current ratio
2.69▼
2024 · 4.15
Quick ratio
1.14▲
2024 · 0.88
Debt to equity
0.61▲
2024 · 0.33
ROE
20.1%▼
2024 · 21.9%
ROA
12.1%▼
2024 · 15.9%
Interest coverage
942.93▲
2024 · 247.13
Debt ≤ 1 year
€6.2m▲
2024 · €2.6m
Income taxes
€682,950▲
2024 · €597,943
Staff costs
€2.3m▲
2024 · €2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 20,129 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €11.7m | €15.1m | €38.0m | €38.5m | €44.5m | ▲ 15.6% |
| Turnover70 | €11.1m | €14.5m | €37.3m | €37.8m | €43.6m | ▲ 15.3% |
| Other operating income74 | €535,764 | €611,671 | €643,842 | €725,054 | €943,052 | ▲ 30.1% |
| Operating charges60/66A | €11.1m | €14.4m | €35.0m | €35.9m | €41.6m | ▲ 15.8% |
| Goods for resale, raw materials and consumables60 | €9.6m | €12.2m | €30.8m | €31.7m | €36.8m | ▲ 16.2% |
| Purchases600/8 | €9.3m | €14.5m | €35.0m | €32.7m | €38.0m | ▲ 16.1% |
| Change in stocks: decrease (increase)609 | €291,068 | -€2.4m | -€4.2m | -€1.1m | -€1.2m | ▼ 11.9% |
| Services and other goods61 | €960,301 | €1.0m | €1.8m | €1.7m | €2.0m | ▲ 20.5% |
| Remuneration, social security and pensions62 | €584,293 | €1.1m | €2.1m | €2.1m | €2.3m | ▲ 12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,355 | €24,857 | €94,423 | €177,249 | €76,659 | ▼ 56.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€17,997 | -€34,329 | €290,789 | €344,634 | €316,674 | ▼ 8.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€17,081 | €106,241 | €516 | €11,528 | €58,921 | ▲ 411% |
| Other operating charges640/8 | €3,596 | €1,044 | €1,298 | €1,458 | €11,516 | ▲ 690% |
| Operating profit (loss)9901 | €562,806 | €771,066 | €2.9m | €2.6m | €3.0m | ▲ 12.7% |
| Financial income75/76B | €1,022 | €783 | €2,726 | €5,076 | €23,924 | ▲ 371% |
| Recurring financial income75 | €1,022 | €783 | €2,726 | €5,076 | €23,924 | ▲ 371% |
| Income from current assets751 | - | - | €2,726 | €5,074 | €23,902 | ▲ 371% |
| Other financial income752/9 | €1,022 | €783 | €0 | €2 | €23 | ▲ 858% |
| Financial charges65/66B | €170,305 | €171,320 | €207,243 | €257,542 | €272,832 | ▲ 5.9% |
| Recurring financial charges65 | €170,305 | €171,320 | €207,243 | €257,542 | €272,832 | ▲ 5.9% |
| Debt charges650 | €2,675 | €5,750 | €12,797 | €11,311 | €3,211 | ▼ 71.6% |
| Other financial charges652/9 | €167,631 | €165,570 | €194,446 | €246,231 | €269,621 | ▲ 9.5% |
| Profit (loss) for the period before taxes9903 | €393,523 | €600,529 | €2.7m | €2.4m | €2.7m | ▲ 14.2% |
| Income taxes67/77 | €97,817 | €154,456 | €694,384 | €597,943 | €682,950 | ▲ 14.2% |
| Taxes670/3 | €97,817 | €154,456 | €694,384 | €597,943 | €682,950 | ▲ 14.2% |
| Profit (loss) for the period9904 | €295,706 | €446,073 | €2.0m | €1.8m | €2.0m | ▲ 14.2% |
| Transfer to tax-exempt reserves689 | - | - | - | €421,000 | €421,000 | = |
| Profit (loss) for the period to be appropriated9905 | €295,706 | €446,073 | €2.0m | €1.3m | €1.6m | ▲ 18.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.6m | €14.6m | €10.9m | €11.1m | €16.7m | ▲ 50.2% |
| Fixed assets21/28 | €9,710 | €181,591 | €691,688 | €135,689 | €146,735 | ▲ 8.1% |
| Intangible fixed assets21 | - | €3,308 | €2,263 | €1,219 | €174 | ▼ 85.7% |
| Tangible fixed assets22/27 | €9,710 | €178,284 | €689,425 | €134,470 | €146,561 | ▲ 9.0% |
| Plant, machinery and equipment23 | €814 | €138,506 | €632,961 | €96,537 | €89,466 | ▼ 7.3% |
| Furniture and vehicles24 | €8,896 | €36,053 | €53,111 | €35,590 | €55,762 | ▲ 56.7% |
| Other tangible fixed assets26 | - | €3,724 | €3,354 | €2,343 | €1,333 | ▼ 43.1% |
| Current assets29/58 | €6.6m | €14.4m | €10.2m | €11.0m | €16.5m | ▲ 50.7% |
| Stocks and contracts in progress3 | €1.6m | €4.0m | €7.9m | €8.6m | €9.5m | ▲ 10.0% |
| Stocks30/36 | €1.6m | €4.0m | €7.9m | €8.6m | €9.5m | ▲ 10.0% |
| Goods purchased for resale34 | €1.6m | €4.0m | €7.9m | €8.6m | €9.5m | ▲ 10.0% |
| Amounts receivable within one year40/41 | €1.4m | €6.9m | €2.0m | €1.9m | €3.3m | ▲ 72.8% |
| Trade receivables40 | €1.3m | €6.7m | €2.0m | €1.9m | €3.3m | ▲ 75.6% |
| Other amounts receivable41 | €31,451 | €118,838 | €1,793 | €31,881 | €1,900 | ▼ 94.0% |
| Current investments50/53 | €100,000 | €100,000 | €31 | €566 | €43,174 | ▲ 7,523% |
| Other investments51/53 | €100,000 | €100,000 | €31 | €566 | €43,174 | ▲ 7,523% |
| Cash at bank and in hand54/58 | €3.4m | €3.4m | €225,436 | €369,218 | €3.5m | ▲ 852% |
| Deferred charges and accrued income490/1 | €8,069 | €28,613 | €94,585 | €29,982 | €136,925 | ▲ 357% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.6m | €14.6m | €10.9m | €11.1m | €16.7m | ▲ 50.2% |
| Equity10/15 | €3.9m | €4.3m | €6.3m | €8.1m | €10.1m | ▲ 24.7% |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Capital10 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Issued capital100 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €1.3m | €1.3m | €1.3m | €1.7m | €2.2m | ▲ 24.2% |
| Non-distributable reserves130/1 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Legal reserve130 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Tax-exempt reserves132 | - | - | - | €421,000 | €842,000 | ▲ 100% |
| Distributable reserves133 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Profit (loss) carried forward14 | €1.4m | €1.8m | €3.8m | €5.1m | €6.7m | ▲ 31.0% |
| Provisions and deferred taxes16 | €256,130 | €363,917 | €364,791 | €376,345 | €441,878 | ▲ 17.4% |
| Provisions for liabilities and charges160/5 | €256,130 | €363,917 | €364,791 | €376,345 | €441,878 | ▲ 17.4% |
| Other liabilities and charges164/5 | €256,130 | €363,917 | €364,791 | €376,345 | €441,878 | ▲ 17.4% |
| Amounts payable17/49 | €2.4m | €9.9m | €4.2m | €2.7m | €6.2m | ▲ 132% |
| Amounts payable within one year42/48 | €2.4m | €9.8m | €4.1m | €2.6m | €6.2m | ▲ 133% |
| Trade debts44 | €1.4m | €5.2m | €2.9m | €1.0m | €4.0m | ▲ 289% |
| Suppliers440/4 | €1.4m | €5.2m | €2.9m | €1.0m | €4.0m | ▲ 289% |
| Advances received on contracts in progress46 | €584,705 | €3.4m | €263,963 | €614,272 | €853,955 | ▲ 39.0% |
| Taxes, remuneration and social security45 | €417,534 | €1.2m | €962,168 | €876,898 | €1.2m | ▲ 33.9% |
| Taxes450/3 | €335,910 | €935,996 | €564,185 | €508,204 | €719,062 | ▲ 41.5% |
| Remuneration and social security454/9 | €81,624 | €290,621 | €397,984 | €368,694 | €455,513 | ▲ 23.5% |
| Other amounts payable47/48 | €24,000 | €24,000 | €30,000 | €124,000 | €124,000 | = |
| Accrued charges and deferred income492/3 | €10,736 | €17,524 | €111,842 | €18,575 | €19,504 | ▲ 5.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €295,706 | €446,073 | €2.0m | €1.8m | €2.0m | ▲ 14.2% |
| + Depreciation and write-downs630 | €13,355 | €24,857 | €94,423 | €177,249 | €76,659 | ▼ 56.8% |
| Operating cash flow (approximation) | €309,061 | €470,930 | €2.1m | €1.9m | €2.1m | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | -€196,738 | -€604,520 | €378,750 | -€87,704 | ▼ 123% |
| Change in cash | - | -€81,849 | -€3.1m | €143,783 | €3.1m | ▲ 2,088% |
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
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €2.0m ▲14.2%
Operating result €3.0m, net result €2.0m, both a record.
31-12
Financial
Equity above €10mEq €10.1m ▲24.7%
8 profitable years in a row build equity to €10.1m.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €5mEq €6.3m ▲45.5%
6 profitable years in a row build equity to €6.3m.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 5 days late
2019
31-12
Financial
Weakest financial yearnet €221,838 ▼14.5%
Net result drops to €221,838, the lowest in the series; recovery starts the following year.
03-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Antwerpen · 1 establishment unit since 2004
Ground area
4,137 m²
Building footprint
3,633 m²
Volume, LiDAR
30,389 m³
Parcel 11462A0098/00E003, Flanders · tallest building 16.5 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
AG-TEC
since 20042.135.749.958
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0098/00E003 | Flanders | 4,137 m² | 1 · 3,633 m² | 16.4 m · 3 fl. |
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.
Structure & network
Owners and holdings
2 ownersChain of control
- FINNAVAAL
- AG-TEC
Highest known parent: FINNAVAAL. The sources do not say who stands above it.
Owners 2
- FINNAVAALparent98.33%
-
1.67%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of AG-TEC and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
699400TI7D0EWH2KU988
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Of 263 companies in sector 28300 we hold annual accounts for 197. 83 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
28300Manufacture of machinery and equipment not elsewhere classified
46610Wholesale trade
33120Repair and maintenance of machinery
46711Wholesale of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
46120Wholesale trade
77310Rental and leasing activities
Contact
E-mail
info@ag-tec.beFernelmont
Phone
081250909Fernelmont
Fax
081250910Fernelmont
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449110691
Also
9925:BE0449110691
Registered
18-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.