AG Technics
ActiveSummary
AG Technics has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €244,947 and a net result of €30,328. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 56% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+5
Solvency77▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 2.01 against 2.39 in 2024; short-term debt: 47.8% and cash: 28.1% of total assets), and 47.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
52.2%
Return on assets
6.5%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
13 d late
2023
1 d early
2022
11 d late
2021
18 d late
2020
30 d late
2019
92 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 26 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€244,947▲ 14.1%
2024 · €214,618
Total assets
€469,580▲ 32.8%
2024 · €353,626
Net result
€30,328▲ 247%
2024 · €8,750
Working capital
€226,620▲ 17.7%
2024 · €192,606
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Operating result€16,025▼ 84.6%€18,388▲ 14.7%€15,524▼ 15.6%€13,223▼ 14.8%€40,400▲ 206%
Net result€3,411within the sector's middle half▼ 95.3%€12,475within the sector's middle half▲ 266%€9,597within the sector's middle half▼ 23.1%€8,750within the sector's middle half▼ 8.8%€30,328above the sector's middle half▲ 247%
Equity€185,429above the sector's middle half▲ 1.9%€197,905above the sector's middle half▲ 6.7%€206,701above the sector's middle half▲ 4.4%€214,618above the sector's middle half▲ 3.8%€244,947above the sector's middle half▲ 14.1%
Total assets€338,840above the sector's middle half▼ 1.5%€362,513above the sector's middle half▲ 7.0%€426,035above the sector's middle half▲ 17.5%€353,626above the sector's middle half▼ 17.0%€469,580above the sector's middle half▲ 32.8%
Debt€153,411▼ 5.2%€164,608▲ 7.3%€219,334▲ 33.2%€139,008▼ 36.6%€224,633▲ 61.6%
Working capital€146,300▼ 15.9%€167,246▲ 14.3%€176,250▲ 5.4%€192,606▲ 9.3%€226,620▲ 17.7%
Solvency54.7%within the sector's middle half▲ 1.8pp54.6%within the sector's middle half▼ 0.1pp48.5%within the sector's middle half▼ 6.1pp60.7%within the sector's middle half▲ 12.2pp52.2%within the sector's middle half▼ 8.5pp
Staff (FTE)1=0.3▼ 70.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
The operating result recovers in 2025; 2025 is 206% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €469,580
Fixed assets
€18,327 ▼ 16.7%
Current assets
€451,253 ▲ 36.1%
Equity and liabilities €469,580
Equity
€244,947 ▲ 14.1%
Debt
€224,633 ▲ 61.6%
Debt's share of the balance-sheet total rises from 39.3% to 47.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46,086▲
2024 · €21,661
Cash flow
€36,015▲
2024 · €17,188
Current ratio
2.01▼
2024 · 2.39
Debt to equity
0.92▲
2024 · 0.65
ROE
12.4%▲
2024 · 4.1%
ROA
6.5%▲
2024 · 2.5%
Interest coverage
15.97▲
2024 · 11.54
Debt ≤ 1 year
€224,633▲
2024 · €139,008
Income taxes
€9,725▲
2024 · €5,245
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,058 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% | 1.6% |
| 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 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 17,792 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €27,639 | €9,686 | €238 | -€852 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,765 | €8,471 | €8,982 | €8,438 | €5,686 | ▼ 32.6% |
| Other operating charges640/8 | €15,333 | €115 | €861 | €390 | €251 | ▼ 35.8% |
| Gross operating margin9900 | €63,762 | €36,659 | €25,606 | €21,199 | €46,337 | ▲ 119% |
| Operating profit (loss)9901 | €16,025 | €18,388 | €15,524 | €13,223 | €40,400 | ▲ 206% |
| Financial income75/76B | €382 | €2,414 | €4,799 | €2,649 | €2,539 | ▼ 4.1% |
| Recurring financial income75 | €382 | €2,414 | €4,799 | €2,649 | €2,539 | ▼ 4.1% |
| Financial charges65/66B | €3,878 | €2,236 | €5,469 | €1,877 | €2,886 | ▲ 53.7% |
| Recurring financial charges65 | €3,878 | €2,236 | €5,469 | €1,877 | €2,886 | ▲ 53.7% |
| Profit (loss) for the period before taxes9903 | €12,530 | €18,566 | €14,854 | €13,995 | €40,054 | ▲ 186% |
| Income taxes67/77 | €9,119 | €6,090 | €5,257 | €5,245 | €9,725 | ▲ 85.4% |
| Profit (loss) for the period9904 | €3,411 | €12,475 | €9,597 | €8,750 | €30,328 | ▲ 247% |
| Profit (loss) for the period to be appropriated9905 | €3,411 | €12,475 | €9,597 | €8,750 | €30,328 | ▲ 247% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €338,840 | €362,513 | €426,035 | €353,626 | €469,580 | ▲ 32.8% |
| Fixed assets21/28 | €39,129 | €30,659 | €30,451 | €22,013 | €18,327 | ▼ 16.7% |
| Tangible fixed assets22/27 | €36,774 | €28,304 | €28,096 | €19,658 | €15,972 | ▼ 18.8% |
| Land and buildings22 | €2,400 | €1,800 | €1,200 | €600 | - | - |
| Plant, machinery and equipment23 | €26,123 | €21,704 | €19,761 | €15,418 | €12,481 | ▼ 19.0% |
| Furniture and vehicles24 | €8,251 | €4,800 | €7,135 | €3,640 | €3,491 | ▼ 4.1% |
| Financial fixed assets28 | €2,355 | €2,355 | €2,355 | €2,355 | €2,355 | = |
| Current assets29/58 | €299,711 | €331,854 | €395,584 | €331,613 | €451,253 | ▲ 36.1% |
| Amounts receivable within one year40/41 | €93,106 | €217,184 | €325,472 | €230,528 | €258,336 | ▲ 12.1% |
| Trade receivables40 | €67,502 | €196,406 | €304,827 | €222,270 | €194,662 | ▼ 12.4% |
| Other amounts receivable41 | €25,604 | €20,778 | €20,644 | €8,258 | €63,674 | ▲ 671% |
| Cash at bank and in hand54/58 | €197,896 | €103,549 | €62,394 | €92,571 | €131,835 | ▲ 42.4% |
| Deferred charges and accrued income490/1 | €8,709 | €11,121 | €7,719 | €8,515 | €61,082 | ▲ 617% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €338,840 | €362,513 | €426,035 | €353,626 | €469,580 | ▲ 32.8% |
| Equity10/15 | €185,429 | €197,905 | €206,701 | €214,618 | €244,947 | ▲ 14.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | - | - | - | - | - |
| Other1109/19 | €6,200 | - | - | - | - | - |
| Reserves13 | €77,219 | €89,695 | €99,291 | €108,041 | €108,041 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €75,359 | €87,835 | €97,431 | €106,181 | €106,181 | = |
| Profit (loss) carried forward14 | €102,010 | €102,010 | €101,210 | €100,377 | €130,706 | ▲ 30.2% |
| Amounts payable17/49 | €153,411 | €164,608 | €219,334 | €139,008 | €224,633 | ▲ 61.6% |
| Amounts payable within one year42/48 | €153,411 | €164,608 | €219,334 | €139,008 | €224,633 | ▲ 61.6% |
| Financial debts43 | - | - | €989 | - | - | - |
| Credit institutions430/8 | - | - | €989 | - | - | - |
| Trade debts44 | €102,837 | €142,467 | €190,140 | €130,040 | €207,535 | ▲ 59.6% |
| Suppliers440/4 | €102,837 | €142,467 | €190,140 | €130,040 | €207,535 | ▲ 59.6% |
| Advances received on contracts in progress46 | €2,391 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €32,420 | €4,884 | €1,781 | €4,074 | €14,845 | ▲ 264% |
| Taxes450/3 | €28,387 | €4,884 | €1,781 | €760 | €8,240 | ▲ 984% |
| Remuneration and social security454/9 | €4,032 | - | - | €3,313 | €6,605 | ▲ 99.3% |
| Other amounts payable47/48 | €15,764 | €17,256 | €26,425 | €4,894 | €2,252 | ▼ 54.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,411 | €12,475 | €9,597 | €8,750 | €30,328 | ▲ 247% |
| + Depreciation and write-downs630 | €4,765 | €8,471 | €8,982 | €8,438 | €5,686 | ▼ 32.6% |
| Operating cash flow (approximation) | €8,176 | €20,946 | €18,579 | €17,188 | €36,015 | ▲ 110% |
| Investment in fixed assets (approximation) | - | €0 | -€8,775 | €0 | -€2,000 | - |
| Change in cash | - | -€94,347 | -€41,155 | €30,177 | €39,264 | ▲ 30.1% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €206,701 ▲4.4%
6 profitable years in a row build equity to €206,701.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Weakest financial yearnet €3,411 ▼95.3%
Net result drops to €3,411, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €71,948 ▲116%
Operating result €104,137, net result €71,948, both a record.
31-12
Financial
Equity above €150,000Eq €182,019 ▲64.2%
3 profitable years in a row build equity to €182,019.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 337 days late
Show earlier events
2019
31-12
Financial
Equity above €100,000Eq €110,870 ▲43%
2 profitable years in a row build equity to €110,870.
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 150 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Heusden-Zolder · 1 establishment unit since 2014
Ground area
582 m²
Building footprint
120 m²
Volume, LiDAR
1,042 m³
Parcel 71065F0143/00M002, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AG Technics
since 20142.236.645.202
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065F0143/00M002 | Flanders | 582 m² | 1 · 120 m² | 11.4 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.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,941 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 (pre-2019)
Founded02-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0563585836
Also
9925:BE0563585836
Registered
25-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.