AG8
ActiveSummary
AG8 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €693 and a net result of €1,946. Equity is shrinking by ~36.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 25% of 177 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+81
Solvency36▲+33
Growth63=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.5%
Return on assets
29.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 177 sector peers (2025).
NBB · sector comparisonPosition among 177 sector peers
Solvency
better than 25%
← weakest
strongest →
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 21-07-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
14 d late
2023
4 d early
2022
on the day
2021
30 d late
2020
31 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 22 days after the deadline; the sector median for financial year 2024 is 8 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, micro schema
Turnover
€24,998▲ 73.2%
2020 · €14,429
EBIT margin
0.0%▲ 2.4pp
2020 · -2.4%
Net result
€1,946
2024 · -€286
Working capital
-€916▲ 73.7%
2024 · -€3,485
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal 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
Turnover€24,998▲ 73.2%
Operating result€10-€5,324€1,746-€182€2,042
Net result-€51within the sector's middle half▲ 87.5%-€5,390below the sector's middle half▼ 10,552%€1,674within the sector's middle half-€286within the sector's middle half€1,946within the sector's middle half
EBIT margin0.0%▲ 2.4pp
Equity€2,749below the sector's middle half▼ 1.8%-€2,641below the sector's middle half-€967below the sector's middle half▲ 63.4%-€1,253below the sector's middle half▼ 29.6%€693below the sector's middle half
Total assets€5,815below the sector's middle half▲ 22.8%€2,515below the sector's middle half▼ 56.7%€5,316below the sector's middle half▲ 111%€5,679below the sector's middle half▲ 6.8%€6,594below the sector's middle half▲ 16.1%
Debt€3,066▲ 58.2%€5,157▲ 68.2%€6,283▲ 21.8%€6,932▲ 10.3%€5,901▼ 14.9%
Working capital€2,297▲ 5.3%-€2,976-€1,159▲ 61.0%-€3,485▼ 201%-€916▲ 73.7%
Solvency47.3%within the sector's middle half-18.2%below the sector's middle half-22.1%below the sector's middle half▼ 3.9pp10.5%below the sector's middle half▲ 32.6pp
above
within
below
the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal 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 returns to profit in 2025: €2,042 after a loss of €182 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6,594
Fixed assets
€1,609 ▼ 27.9%
Current assets
€4,985 ▲ 44.6%
Equity and liabilities €6,594
Equity
€693
Debt
€5,901
Debt finances 89.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€2,665▲
2024 · €79
Cash flow
€2,569▲
2024 · -€26
Current ratio
0.84▲
2024 · 0.50
ROA
29.5%▲
2024 · -5.0%
Interest coverage
27.97▲
2024 · 0.75
Debt ≤ 1 year
€5,901▼
2024 · €6,932
Equity ratios withheld: equity of €693 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 5,053 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €24,998 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €24,629 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €142 | €142 | €142 | €260 | €623 | ▲ 139% |
| Other operating charges640/8 | €434 | €655 | €298 | €225 | €263 | ▲ 17.2% |
| Gross operating margin9900 | €586 | -€4,527 | €2,186 | €303 | €2,928 | ▲ 865% |
| Operating profit (loss)9901 | €10 | -€5,324 | €1,746 | -€182 | €2,042 | ▲ 1,224% |
| Financial income75/76B | €0 | €0 | - | - | - | - |
| Recurring financial income75 | €0 | €0 | - | - | - | - |
| Financial charges65/66B | €60 | €66 | €72 | €105 | €95 | ▼ 8.9% |
| Recurring financial charges65 | €60 | €66 | €72 | €105 | €95 | ▼ 8.9% |
| Profit (loss) for the period before taxes9903 | -€51 | -€5,390 | €1,674 | -€286 | €1,946 | ▲ 780% |
| Profit (loss) for the period9904 | -€51 | -€5,390 | €1,674 | -€286 | €1,946 | ▲ 780% |
| Profit (loss) for the period to be appropriated9905 | -€51 | -€5,390 | €1,674 | -€286 | €1,946 | ▲ 780% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5,815 | €2,515 | €5,316 | €5,679 | €6,594 | ▲ 16.1% |
| Fixed assets21/28 | €477 | €335 | €192 | €2,232 | €1,609 | ▼ 27.9% |
| Tangible fixed assets22/27 | €477 | €335 | €192 | €2,232 | €1,609 | ▼ 27.9% |
| Furniture and vehicles24 | €188 | €94 | - | €2,088 | €1,513 | ▼ 27.5% |
| Other tangible fixed assets26 | €289 | €240 | €192 | €144 | €96 | ▼ 33.3% |
| Current assets29/58 | €5,338 | €2,181 | €5,124 | €3,446 | €4,985 | ▲ 44.6% |
| Amounts receivable within one year40/41 | €588 | €1,232 | €1,181 | €1,200 | €859 | ▼ 28.5% |
| Trade receivables40 | - | - | - | €180 | - | - |
| Other amounts receivable41 | €588 | €1,232 | €1,181 | €1,020 | €859 | ▼ 15.8% |
| Cash at bank and in hand54/58 | €4,334 | €574 | €3,553 | €1,890 | €3,804 | ▲ 101% |
| Deferred charges and accrued income490/1 | €416 | €375 | €390 | €356 | €322 | ▼ 9.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5,815 | €2,515 | €5,316 | €5,679 | €6,594 | ▲ 16.1% |
| Equity10/15 | €2,749 | -€2,641 | -€967 | -€1,253 | €693 | ▲ 155% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| 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 | = |
| Profit (loss) carried forward14 | -€5,311 | -€10,701 | -€9,027 | -€9,313 | -€7,367 | ▲ 20.9% |
| Amounts payable17/49 | €3,066 | €5,157 | €6,283 | €6,932 | €5,901 | ▼ 14.9% |
| Amounts payable within one year42/48 | €3,042 | €5,157 | €6,283 | €6,932 | €5,901 | ▼ 14.9% |
| Trade debts44 | - | - | €209 | €28 | €1,434 | ▲ 5,082% |
| Suppliers440/4 | - | - | €209 | €28 | €1,434 | ▲ 5,082% |
| Taxes, remuneration and social security45 | €87 | €87 | €87 | €87 | €87 | = |
| Taxes450/3 | €87 | €87 | €87 | €87 | €87 | = |
| Other amounts payable47/48 | €2,955 | €5,070 | €5,987 | €6,817 | €4,380 | ▼ 35.8% |
| Accrued charges and deferred income492/3 | €25 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€51 | -€5,390 | €1,674 | -€286 | €1,946 | ▲ 780% |
| + Depreciation and write-downs630 | €142 | €142 | €142 | €260 | €623 | ▲ 139% |
| Operating cash flow (approximation) | €92 | -€5,248 | €1,816 | -€26 | €2,569 | ▲ 9,963% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,300 | €0 | ▲ 100% |
| Change in cash | - | -€3,760 | €2,979 | -€1,663 | €1,914 | ▲ 215% |
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
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €1,946
Net result €1,946 after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1,674
Net result €1,674 after 5 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€5,390
Net result drops to -€5,390, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Charleroi · 1 establishment unit since 2013
Ground area
187 m²
Building footprint
50 m²
Volume, LiDAR
219 m³
Parcel 52040C0004/00Z003, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AG8
since 20132.221.221.707
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52040C0004/00Z003 | Wallonia | 187 m² | 1 · 50 m² | 6.9 m · 2 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.
Similar companies · same sector, comparable size
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Oude Metalen Verstraeten
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SOLARCYCLE
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Of 978 companies in sector 38210 we hold annual accounts for 587. 27 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)
Founded30-07-2013
Fiscal year end31-12
Activities, NACEBEL 2025
38210Materials recovery from waste
E-invoicing
Reachable via Peppol
Peppol ID
0208:0537179664
Registered
03-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.