AG TECHNICAL

Dissolution or liquidation

Private limited company (pre-2019)founded 2012Waelhemstraat 42, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0847.372.105

Summary

The KBO register currently lists the legal status of AG TECHNICAL as dissolution or liquidation, with no start date. The 2023 annual accounts show equity of €295,263 and a net result of €123,175.

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AG TECHNICALDissolution or liquidation

Report

Financials · financial year 2023, micro format

2023 annual accounts filed late (494 days) Filed on 7 December 2025, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2025-00577163.

Turnover

€172,588

EBIT margin

8.0%

Net result

€123,175▲ 117%

2022 · €56,778

Working capital

€289,210▲ 43.9%

2022 · €201,035

Trend over the years

Last 5 years All years

2019 to 2023, 5 financial years 2018 to 2023, 6 financial years

After the dip in 2021 the operating result has climbed two years in a row; 2023 is 131% above 2022 and is the highest result in the available series.

Turnover and resultEquity and debtWorking capital

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€155,946 2023 Net result€123,175 2023

Every figure with its change against the financial year before

favourable unfavourable

Line201820192020202120222023

Turnover€172,588

Operating result€93,998-€13,744▼ 85.4%€33,365▲ 143%-€14,302€67,489€155,946▲ 131%

Net result€77,746-€10,042▼ 87.1%€25,033▲ 149%-€15,059€56,778€123,175▲ 117%

EBIT margin8.0%

Equity€154,294-€154,336=€179,369▲ 16.2%€164,310▼ 8.4%€207,088▲ 26.0%€295,263▲ 42.6%

Total assets€331,159-€226,842▼ 31.5%€233,171▲ 2.8%€215,260▼ 7.7%€258,599▲ 20.1%€391,244▲ 51.3%

Debt€176,865-€72,506▼ 59.0%€53,802▼ 25.8%€50,950▼ 5.3%€51,511▲ 1.1%€95,981▲ 86.3%

Working capital€142,940-€142,166▼ 0.5%€171,451▲ 20.6%€158,010▼ 7.8%€201,035▲ 27.2%€289,210▲ 43.9%

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €391,244

98.5%

Fixed assets €6,053 =

Current assets €385,191 ▲ 52.5%

Equity and liabilities €391,244

75.5%

24.5%

Equity €295,263 ▲ 42.6%

Debt €95,981 ▲ 86.3%

Debt's share of the balance-sheet total rises from 19.9% to 24.5%. Equity and debt are higher.

Key figures and ratios

2023 value · change against 2022

Current ratio

4.01▼

2022 · 4.90

Debt to equity

0.33▲

2022 · 0.25

ROE

41.7%▲

2022 · 27.4%

ROA

31.5%▲

2022 · 22.0%

Debt ≤ 1 year

€95,981▲

2022 · €51,511

Income taxes

€30,574▲

2022 · €10,000

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2023 against 2022 · 44 lines

Balance sheet Code20222023

Assets

Total assets20/58€258,599€391,244▲

Fixed assets21/28€6,053€6,053=

Tangible fixed assets22/27€2,291€2,291=

Furniture and vehicles24€2,291€2,291=

Financial fixed assets28€3,762€3,762=

Current assets29/58€252,546€385,191▲

Amounts receivable within one year40/41€209,236€358,382▲

Trade receivables40€4,913€65,330▲

Other amounts receivable41€204,323€293,052▲

Cash at bank and in hand54/58€43,310€26,809▼

Equity and liabilities

Total equity and liabilities10/49€258,599€391,244▲

Equity10/15€207,088€295,263▲

Contributions10/11€18,600€18,600=

Reserves13€1,860€1,860=

Non-distributable reserves130/1€1,860€1,860=

Other1319€1,860€1,860=

Profit (loss) carried forward14€186,628€274,803▲

Amounts payable17/49€51,511€95,981▲

Amounts payable within one year42/48€51,511€95,981▲

Trade debts44€8,738€2,608▼

Suppliers440/4€8,738€2,608▼

Advances received on contracts in progress46€18,105€18,105=

Taxes, remuneration and social security45€10,268€40,268▲

Taxes450/3€10,000€40,000▲

Remuneration and social security454/9€268€268=

Other amounts payable47/48€14,400€35,000▲

Income statement Code20222023

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,645-

Other operating charges640/8€24€6,072▲

Non-recurring operating charges66A€900-

Gross operating margin9900€73,058€162,018▲

Operating profit (loss)9901€67,489€155,946▲

Financial income75/76B€10-

Recurring financial income75€10-

Financial charges65/66B€721€2,197▲

Recurring financial charges65€721€1,197▲

Non-recurring financial charges66B-€1,000

Profit (loss) for the period before taxes9903€66,778€153,749▲

Income taxes67/77€10,000€30,574▲

Profit (loss) for the period9904€56,778€123,175▲

Profit (loss) for the period to be appropriated9905€56,778€123,175▲

Appropriation of the result

Profit (loss) to be appropriated9906€200,628€309,803▲

Profit (loss) brought forward from the previous period14P€143,850€186,628▲

Profit to be distributed694/7€14,000€35,000▲

Directors or managers695€14,000€35,000▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2018	2019	2020	2021	2022	2023	Change
Turnover70	-	€172,588	-	-	-	-	-
Remuneration, social security and pensions62	-	-	-	€0	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€14,508	€10,568	€7,521	€7,455	€4,645	-	-
Other operating charges640/8	-	-	-	€2,422	€24	€6,072	▲ 253×
Non-recurring operating charges66A	-	-	-	€82	€900	-	-
Gross operating margin9900	€114,719	€24,662	€58,247	-€4,343	€73,058	€162,018	▲ 122%
Operating profit (loss)9901	€93,998	€13,744	€33,365	-€14,302	€67,489	€155,946	▲ 131%
Financial income75/76B	-	-	-	-	€10	-	-
Recurring financial income75	-	-	-	-	€10	-	-
Financial charges65/66B	-	-	-	€225	€721	€2,197	▲ 205%
Recurring financial charges65	€770	€829	€332	€225	€721	€1,197	▲ 66.0%
Non-recurring financial charges66B	-	-	-	-	-	€1,000	-
Profit (loss) for the period before taxes9903	€93,228	€12,915	€33,033	-€14,527	€66,778	€153,749	▲ 130%
Income taxes67/77	€15,482	€2,873	€8,000	€532	€10,000	€30,574	▲ 206%
Profit (loss) for the period9904	€77,746	€10,042	€25,033	-€15,059	€56,778	€123,175	▲ 117%
Profit (loss) for the period to be appropriated9905	€77,746	€10,042	€25,033	-€15,059	€56,778	€123,175	▲ 117%

Line	2018	2019	2020	2021	2022	2023	Change
Assets
Total assets20/58	€331,159	€226,842	€233,171	€215,260	€258,599	€391,244	▲ 51.3%
Fixed assets21/28	€31,843	€21,276	€13,755	€6,300	€6,053	€6,053	=
Tangible fixed assets22/27	€29,043	€18,476	€10,955	€3,500	€2,291	€2,291	=
Plant, machinery and equipment23	-	-	-	€0	-	-	-
Furniture and vehicles24	-	-	-	€3,500	€2,291	€2,291	=
Leasing and similar rights25	-	-	-	€0	-	-	-
Financial fixed assets28	€2,800	€2,800	€2,800	€2,800	€3,762	€3,762	=
Current assets29/58	€299,316	€205,566	€219,416	€208,960	€252,546	€385,191	▲ 52.5%
Amounts receivable within one year40/41	€284,259	€191,970	€211,960	€196,421	€209,236	€358,382	▲ 71.3%
Trade receivables40	-	-	-	€8,868	€4,913	€65,330	▲ 13×
Other amounts receivable41	-	-	-	€187,553	€204,323	€293,052	▲ 43.4%
Current investments50/53	-	€13,007	-	-	-	-	-
Cash at bank and in hand54/58	€14,466	-	€7,456	€12,539	€43,310	€26,809	▼ 38.1%
Deferred charges and accrued income490/1	-	-	-	€0	-	-	-
Equity and liabilities
Total equity and liabilities10/49	€331,159	€226,842	€233,171	€215,260	€258,599	€391,244	▲ 51.3%
Equity10/15	€154,294	€154,336	€179,369	€164,310	€207,088	€295,263	▲ 42.6%
Contributions10/11	€18,600	€18,600	€18,600	€18,600	€18,600	€18,600	=
Reserves13	€1,860	€1,860	€1,860	€1,860	€1,860	€1,860	=
Non-distributable reserves130/1	-	-	-	€1,860	€1,860	€1,860	=
Other1319	-	-	-	€1,860	€1,860	€1,860	=
Profit (loss) carried forward14	€133,834	€133,876	€158,909	€143,850	€186,628	€274,803	▲ 47.2%
Amounts payable17/49	€176,865	€72,506	€53,802	€50,950	€51,511	€95,981	▲ 86.3%
Amounts payable after more than one year17	€20,490	€9,106	€5,837	-	-	-	-
Amounts payable within one year42/48	€156,375	€63,400	€47,965	€50,950	€51,511	€95,981	▲ 86.3%
Current portion of amounts payable after more than one year42	-	-	-	€5,597	-	-	-
Trade debts44	€100,463	€31,028	€22,559	€34,044	€8,738	€2,608	▼ 70.2%
Suppliers440/4	-	-	-	€34,044	€8,738	€2,608	▼ 70.2%
Advances received on contracts in progress46	-	-	-	€10,326	€18,105	€18,105	=
Taxes, remuneration and social security45	-	-	-	€583	€10,268	€40,268	▲ 292%
Taxes450/3	-	-	-	€315	€10,000	€40,000	▲ 300%
Remuneration and social security454/9	-	-	-	€268	€268	€268	=
Other amounts payable47/48	-	-	-	€400	€14,400	€35,000	▲ 143%

Line	2018	2019	2020	2021	2022	2023	Change
Profit (loss) for the period9904	€77,746	€10,042	€25,033	-€15,059	€56,778	€123,175	▲ 117%
+ Depreciation and write-downs630	€14,508	€10,568	€7,521	€7,455	€4,645	-	-
Operating cash flow (approximation)	€92,254	€20,610	€32,554	-€7,604	€61,423	€123,175	▲ 101%
Investment in fixed assets (approximation)	-	€0	€0	-€0	-€4,398	€0	-
Change in cash	-	-	-	€5,083	€30,771	-€16,501	-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 11 filings with the National Bank

Financial year	Type	Filed	Reference
31-12-2023	micro format	07-12-2025	2025-00577163
31-12-2022	micro format	07-12-2025	2025-00577159
31-12-2021	micro format	14-11-2022	2022-20522471
31-12-2020	micro format	24-02-2022	2022-06400580
31-12-2019	micro format	16-12-2020	2020-76200553
31-12-2018	micro format	31-10-2019	2019-72800217
31-12-2017	micro format	31-10-2019	2019-72800154
31-12-2016	micro format	13-10-2017	2017-67200497
31-12-2015	full format	06-02-2017	2017-04000361
31-12-2014	full format	12-09-2015	2015-58700487

Show all 11 filings

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