AGA2
ActiveSummary
AGA2 has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138,523 and a net result of €20,681. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 29% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▲+8
Solvency32▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.23 against 0.31 in 2024; short-term debt: 9.5% and cash: 0.3% of total assets), and 92.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
7.2%
Return on assets
1.1%
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 27-07-2026, 4 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
4 d early
2024
37 d early
2023
34 d early
2022
21 d early
2021
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
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Financials · fiscal year 2025, micro schema
Equity
€138,523▲ 17.6%
2024 · €117,841
Total assets
€1.9m▼ 4.7%
2024 · €2.0m
Net result
€20,681▲ 650%
2024 · €2,757
Working capital
-€140,246▲ 1.9%
2024 · -€142,949
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,896-€52,860€48,146▼ 8.9%€42,555▼ 11.6%€56,182▲ 32.0%
Net result-€49,896-€10,207€4,774▼ 53.2%€2,757▼ 42.2%€20,681▲ 650%
Equity€100,104-€110,311▲ 10.2%€115,085▲ 4.3%€117,841▲ 2.4%€138,523▲ 17.6%
Total assets€2.2m-€2.2m▼ 2.3%€2.1m▼ 2.7%€2.0m▼ 3.8%€1.9m▼ 4.7%
Debt€2.1m-€2.1m▼ 2.9%€2.0m▼ 3.1%€1.9m▼ 4.2%€1.8m▼ 6.1%
Working capital-€114,450--€119,880▼ 4.7%-€128,669▼ 7.3%-€142,949▼ 11.1%-€140,246▲ 1.9%
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 32% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.9m ▼ 3.8%
Current assets
€42,954 ▼ 34.1%
Equity and liabilities €1.9m
Equity
€138,523 ▲ 17.6%
Debt
€1.8m ▼ 6.1%
Debt's share of the balance-sheet total falls from 94.2% to 92.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€129,815▲
2024 · €116,188
Cash flow
€94,315▲
2024 · €76,390
Current ratio
0.23▼
2024 · 0.31
Debt to equity
12.94▼
2024 · 16.21
ROE
14.9%▲
2024 · 2.3%
ROA
1.1%▲
2024 · 0.1%
Interest coverage
3.66▲
2024 · 2.92
Debt ≤ 1 year
€183,200▼
2024 · €208,168
Debt > 1 year
€1.6m▼
2024 · €1.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,600 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.6%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 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 1,600 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,560 | €73,633 | €73,633 | €73,633 | €73,633 | = |
| Other operating charges640/8 | €348 | €977 | €17,094 | €16,490 | €17,127 | ▲ 3.9% |
| Gross operating margin9900 | €17,011 | €127,470 | €138,874 | €132,678 | €146,943 | ▲ 10.8% |
| Operating profit (loss)9901 | -€1,896 | €52,860 | €48,146 | €42,555 | €56,182 | ▲ 32.0% |
| Financial charges65/66B | €48,000 | €42,653 | €43,372 | €39,798 | €35,501 | ▼ 10.8% |
| Recurring financial charges65 | €48,000 | €42,653 | €43,372 | €39,798 | €35,501 | ▼ 10.8% |
| Profit (loss) for the period before taxes9903 | -€49,896 | €10,207 | €4,774 | €2,757 | €20,681 | ▲ 650% |
| Profit (loss) for the period9904 | -€49,896 | €10,207 | €4,774 | €2,757 | €20,681 | ▲ 650% |
| Profit (loss) for the period to be appropriated9905 | -€49,896 | €10,207 | €4,774 | €2,757 | €20,681 | ▲ 650% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.2m | €2.1m | €2.0m | €1.9m | ▼ 4.7% |
| Fixed assets21/28 | €2.2m | €2.1m | €2.0m | €2.0m | €1.9m | ▼ 3.8% |
| Tangible fixed assets22/27 | €2.2m | €2.1m | €2.0m | €2.0m | €1.9m | ▼ 3.8% |
| Land and buildings22 | €2.2m | €2.1m | €2.0m | €2.0m | €1.9m | ▼ 3.8% |
| Current assets29/58 | €35,831 | €58,292 | €72,745 | €65,220 | €42,954 | ▼ 34.1% |
| Amounts receivable within one year40/41 | €2,420 | €48,353 | €67,223 | €50,642 | €37,245 | ▼ 26.5% |
| Trade receivables40 | €2,420 | €48,353 | €51,791 | €35,211 | €28,626 | ▼ 18.7% |
| Other amounts receivable41 | - | - | €15,431 | €15,431 | €8,619 | ▼ 44.1% |
| Cash at bank and in hand54/58 | €33,411 | €9,939 | €5,523 | €14,578 | €5,708 | ▼ 60.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.2m | €2.1m | €2.0m | €1.9m | ▼ 4.7% |
| Equity10/15 | €100,104 | €110,311 | €115,085 | €117,841 | €138,523 | ▲ 17.6% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | €150,000 | €150,000 | - | - | - | - |
| Issued capital100 | €150,000 | €150,000 | - | - | - | - |
| Profit (loss) carried forward14 | -€49,896 | -€39,689 | -€34,915 | -€32,159 | -€11,477 | ▲ 64.3% |
| Amounts payable17/49 | €2.1m | €2.1m | €2.0m | €1.9m | €1.8m | ▼ 6.1% |
| Amounts payable after more than one year17 | €2.0m | €1.9m | €1.8m | €1.7m | €1.6m | ▼ 5.4% |
| Financial debts170/4 | €2.0m | €1.9m | €1.8m | €1.7m | €1.6m | ▼ 5.4% |
| Amounts payable within one year42/48 | €150,280 | €178,173 | €201,415 | €208,168 | €183,200 | ▼ 12.0% |
| Current portion of amounts payable after more than one year42 | €20,030 | €83,291 | €87,196 | €91,138 | €91,144 | = |
| Trade debts44 | €22,542 | €28,961 | €47,515 | €26,694 | €17,449 | ▼ 34.6% |
| Suppliers440/4 | €22,542 | €28,961 | €47,515 | €26,694 | €17,449 | ▼ 34.6% |
| Taxes, remuneration and social security45 | €2,030 | €5,665 | €5,371 | €12,201 | €12,472 | ▲ 2.2% |
| Taxes450/3 | €2,030 | €3,765 | €3,471 | €10,301 | €10,572 | ▲ 2.6% |
| Remuneration and social security454/9 | - | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Other amounts payable47/48 | €105,678 | €60,255 | €61,333 | €78,135 | €62,135 | ▼ 20.5% |
| Accrued charges and deferred income492/3 | - | - | - | €468 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€49,896 | €10,207 | €4,774 | €2,757 | €20,681 | ▲ 650% |
| + Depreciation and write-downs630 | €18,560 | €73,633 | €73,633 | €73,633 | €73,633 | = |
| Operating cash flow (approximation) | -€31,336 | €83,840 | €78,407 | €76,390 | €94,315 | ▲ 23.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€23,472 | -€4,416 | €9,055 | -€8,869 | ▼ 198% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €20,681 ▲650%
Operating result €56,182, net result €20,681, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €10,207
Net result €10,207 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Gembloux · 1 establishment unit since 2020
Ground area
1,339 m²
Building footprint
416 m²
Parcel 92253D0314/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
AGA² srl
since 20202.310.342.040
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92253D0314/00G000indicative | Wallonia | 1,339 m² | 1 · 416 m² | - |
Linked by address, not proof of ownership
Good to know
0 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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Etablissements Tournay et Co.
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HUCHA INVEST
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't BLAZOEN : LANDGOED EN GEDOENTE
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Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 4,029 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
Founded07-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
gaetan.davreux@gmail.comGembloux
Phone
+32479503033Gembloux
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753737015
Also
9925:BE0753737015
Registered
29-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.