Public limited company · founded 1933 · 93 yrs activeKruidtuinlaan 20, 1000 Brussel, BelgiumKBO/BCE: BE 0403.295.712
Summary
AGALLIS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.7m and a net result of -€104,903. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 50% of 493 sector peers (fiscal year 2025). The company has been active since 1933 and the Belgian State Gazette contains no insolvency or warning signals.
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Outside the general model
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 86 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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.
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
AGALLIS was incorporated on 1 June 1933.1The registered office was moved to Brussel in 2006.2The board currently has 5 members; Benny DE WYNGAERT has served longest, since 2021.3Total assets fell from EUR 8.7 million in 2018 to EUR 4.1 million in 2025 and headcount from 46.8 to 30.7 full-time equivalents.4
2024Net result -87% on 2023.Cause not known from the registers.
2023Net result -53% on 2022.Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €159,033 in 2025 against €60,799 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.1m
98.2%
Fixed assets€73,796 ▼ 41.5%
Current assets€4.1m ▼ 8.3%
Equity and liabilities €4.1m
41.7%
54.5%
Equity€1.7m ▼ 5.7%
Provisions€157,383 ▼ 62.6%
Debt€2.3m ▼ 2.3%
Debt's share of the balance-sheet total rises from 50.6% to 54.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
ROE
-6.1%▼
2024 · 2.6%
ROA
-2.5%▼
2024 · 1.1%
Debt ≤ 1 year
€2.0m▼
2024 · €2.0m
Debt > 1 year
€226,202=
2024 · €226,202
Income taxes
€2,607▼
2024 · €39,523
Staff costs
€2.9m▲
2024 · €2.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 72 lines
Balance sheetCode20242025
Assets
Total assets20/58€4.5m€4.1m▼
Fixed assets21/28€126,245€73,796▼
Intangible fixed assets21€29,941€21,246▼
Tangible fixed assets22/27€91,237€47,483▼
Plant, machinery and equipment23-€2,694
Furniture and vehicles24€27,704€30,310▲
Other tangible fixed assets26€63,533€14,479▼
Financial fixed assets28€5,067€5,067=
Other financial fixed assets284/8€5,067€5,067=
Amounts receivable and cash guarantees285/8€5,067€5,067=
Current assets29/58€4.4m€4.1m▼
Amounts receivable within one year40/41€4.1m€3.8m▼
Trade receivables40€296,759€277,872▼
Other amounts receivable41€3.8m€3.5m▼
Cash at bank and in hand54/58€104,076€105,431▲
Deferred charges and accrued income490/1€179,288€161,199▼
Equity and liabilities
Total equity and liabilities10/49€4.5m€4.1m▼
Equity10/15€1.8m€1.7m▼
Contributions10/11€1.5m€1.5m=
Capital10€1.5m€1.5m=
Issued capital100€1.5m€1.5m=
Outside capital11€37,996€37,996=
Share premium1100/10€37,996€37,996=
Reserves13€299,565€299,565=
Non-distributable reserves130/1€148,736€148,736=
Legal reserve130€148,736€148,736=
Tax-exempt reserves132€108,977€108,977=
Distributable reserves133€41,852€41,852=
Profit (loss) carried forward14--€104,903
Provisions and deferred taxes16€420,704€157,383▼
Provisions for liabilities and charges160/5€420,704€157,383▼
Other liabilities and charges164/5€420,704€157,383▼
Amounts payable17/49€2.3m€2.3m▼
Amounts payable after more than one year17€226,202€226,202=
Other amounts payable178/9€226,202€226,202=
Amounts payable within one year42/48€2.0m€2.0m▼
Trade debts44€1.6m€1.6m▲
Suppliers440/4€1.6m€1.6m▲
Advances received on contracts in progress46€2,162€0▼
Taxes, remuneration and social security45€394,182€402,455▲
Taxes450/3€134€3,082▲
Remuneration and social security454/9€394,048€399,373▲
Other amounts payable47/48€48,097€0▼
Accrued charges and deferred income492/3€75,555€63,823▼
Income statementCode20242025
Operating income70/76A€4.9m€4.4m▼
Turnover70€4.2m€3.7m▼
Other operating income74€634,318€659,209▲
Non-recurring operating income76A€44,350€53,580▲
Operating charges60/66A€4.9m€4.6m▼
Services and other goods61€2.0m€1.8m▼
Remuneration, social security and pensions62€2.7m€2.9m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€153,159€55,190▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€468-€468▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€93,332-€263,321▼
Other operating charges640/8€29,780€42,622▲
Operating profit (loss)9901-€60,799-€159,033▼
Financial income75/76B€167,260€76,582▼
Recurring financial income75€167,260€76,582▼
Income from current assets751€167,260€76,582▼
Financial charges65/66B€18,841€19,845▲
Recurring financial charges65€18,841€19,845▲
Debt charges650€14,066€15,491▲
Other financial charges652/9€4,775€4,354▼
Profit (loss) for the period before taxes9903€87,620-€102,296▼
Income taxes67/77€39,523€2,607▼
Taxes670/3€39,523€2,607▼
Profit (loss) for the period9904€48,097-€104,903▼
Profit (loss) for the period to be appropriated9905€48,097-€104,903▼
Appropriation of the result
Profit (loss) to be appropriated9906€48,097-€104,903▼
Profit to be distributed694/7€48,097-
Return on contributions (dividend)694€48,097-
Social balance
Average headcount (FTE)908730.830.7▼
The notes to these accounts (52 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Operating income70/76A
€5.9m
€5.6m
€5.0m
€4.9m
€4.4m
▼ 9.0%
Turnover70
€5.4m
€5.1m
€4.4m
€4.2m
€3.7m
▼ 11.3%
Other operating income74
€366,537
€434,519
€504,037
€634,318
€659,209
▲ 3.9%
Non-recurring operating income76A
€47,510
€6,730
€83,047
€44,350
€53,580
▲ 20.8%
Operating charges60/66A
€5.2m
€4.8m
€4.7m
€4.9m
€4.6m
▼ 6.9%
Services and other goods61
€2.8m
€2.8m
€1.8m
€2.0m
€1.8m
▼ 8.7%
Remuneration, social security and pensions62
€2.9m
€2.7m
€2.7m
€2.7m
€2.9m
▲ 10.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€87,951
€120,870
€133,909
€153,159
€55,190
▼ 64.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
€4,726
-€3,666
-€1,060
€468
-€468
▼ 200%
Provisions for liabilities and charges: additions (uses and reversals)635/8
-€662,277
-€902,324
-€11,439
€93,332
-€263,321
▼ 382%
Other operating charges640/8
€47,683
€32,079
€29,384
€29,780
€42,622
▲ 43.1%
Operating profit (loss)9901
€677,281
€797,273
€303,414
-€60,799
-€159,033
▼ 162%
Financial income75/76B
€0
€210
€145,634
€167,260
€76,582
▼ 54.2%
Recurring financial income75
€0
€210
€145,634
€167,260
€76,582
▼ 54.2%
Income from current assets751
€0
€210
€145,634
€167,260
€76,582
▼ 54.2%
Financial charges65/66B
€14,651
€16,454
€15,633
€18,841
€19,845
▲ 5.3%
Recurring financial charges65
€14,651
€16,454
€15,633
€18,841
€19,845
▲ 5.3%
Debt charges650
€10,049
€11,266
€11,227
€14,066
€15,491
▲ 10.1%
Other financial charges652/9
€4,602
€5,188
€4,406
€4,775
€4,354
▼ 8.8%
Profit (loss) for the period before taxes9903
€662,630
€781,029
€433,415
€87,620
-€102,296
▼ 217%
Income taxes67/77
€43,774
€2,893
€69,112
€39,523
€2,607
▼ 93.4%
Taxes670/3
€43,774
€2,893
€69,112
€39,523
€2,607
▼ 93.4%
Profit (loss) for the period9904
€618,856
€778,136
€364,303
€48,097
-€104,903
▼ 318%
Profit (loss) for the period to be appropriated9905
€618,856
€778,136
€364,303
€48,097
-€104,903
▼ 318%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€6.8m
€6.0m
€5.8m
€4.5m
€4.1m
▼ 9.3%
Fixed assets21/28
€277,057
€280,594
€196,019
€126,245
€73,796
▼ 41.5%
Intangible fixed assets21
€258,732
€236,202
€145,686
€29,941
€21,246
▼ 29.0%
Tangible fixed assets22/27
€13,258
€39,325
€45,266
€91,237
€47,483
▼ 48.0%
Plant, machinery and equipment23
-
-
-
-
€2,694
-
Furniture and vehicles24
€13,258
€39,325
€45,266
€27,704
€30,310
▲ 9.4%
Other tangible fixed assets26
€0
€0
€0
€63,533
€14,479
▼ 77.2%
Financial fixed assets28
€5,067
€5,067
€5,067
€5,067
€5,067
=
Other financial fixed assets284/8
€5,067
€5,067
€5,067
€5,067
€5,067
=
Amounts receivable and cash guarantees285/8
€5,067
€5,067
€5,067
€5,067
€5,067
=
Current assets29/58
€6.5m
€5.7m
€5.6m
€4.4m
€4.1m
▼ 8.3%
Amounts receivable within one year40/41
€3.8m
€5.5m
€5.3m
€4.1m
€3.8m
▼ 8.5%
Trade receivables40
€572,187
€360,200
€330,204
€296,759
€277,872
▼ 6.4%
Other amounts receivable41
€3.2m
€5.1m
€5.0m
€3.8m
€3.5m
▼ 8.7%
Current investments50/53
€0
-
-
-
-
-
Other investments51/53
€0
-
-
-
-
-
Cash at bank and in hand54/58
€2.6m
€103,525
€104,086
€104,076
€105,431
▲ 1.3%
Deferred charges and accrued income490/1
€93,422
€114,783
€169,327
€179,288
€161,199
▼ 10.1%
Equity and liabilities
Total equity and liabilities10/49
€6.8m
€6.0m
€5.8m
€4.5m
€4.1m
▼ 9.3%
Equity10/15
€1.8m
€1.8m
€1.8m
€1.8m
€1.7m
▼ 5.7%
Contributions10/11
€1.5m
€1.5m
€1.5m
€1.5m
€1.5m
=
Capital10
€1.5m
€1.5m
€1.5m
€1.5m
€1.5m
=
Issued capital100
€1.5m
€1.5m
€1.5m
€1.5m
€1.5m
=
Outside capital11
€37,996
€37,996
€37,996
€37,996
€37,996
=
Share premium1100/10
€37,996
€37,996
€37,996
€37,996
€37,996
=
Reserves13
€299,564
€299,565
€299,565
€299,565
€299,565
=
Non-distributable reserves130/1
€148,736
€148,736
€148,736
€148,736
€148,736
=
Legal reserve130
€148,736
€148,736
€148,736
€148,736
€148,736
=
Tax-exempt reserves132
€108,976
€108,977
€108,977
€108,977
€108,977
=
Distributable reserves133
€41,852
€41,852
€41,852
€41,852
€41,852
=
Profit (loss) carried forward14
€0
-
-
-
-€104,903
-
Provisions and deferred taxes16
€1.2m
€338,811
€327,372
€420,704
€157,383
▼ 62.6%
Provisions for liabilities and charges160/5
€1.2m
€338,811
€327,372
€420,704
€157,383
▼ 62.6%
Other liabilities and charges164/5
€1.2m
€338,811
€327,372
€420,704
€157,383
▼ 62.6%
Amounts payable17/49
€3.7m
€3.8m
€3.7m
€2.3m
€2.3m
▼ 2.3%
Amounts payable after more than one year17
€226,202
€226,202
€226,202
€226,202
€226,202
=
Other amounts payable178/9
€226,202
€226,202
€226,202
€226,202
€226,202
=
Amounts payable within one year42/48
€3.3m
€3.5m
€3.3m
€2.0m
€2.0m
▼ 2.1%
Trade debts44
€2.2m
€2.3m
€2.5m
€1.6m
€1.6m
▲ 0.1%
Suppliers440/4
€2.2m
€2.3m
€2.5m
€1.6m
€1.6m
▲ 0.1%
Advances received on contracts in progress46
€0
-
-
€2,162
€0
▼ 100%
Taxes, remuneration and social security45
€506,354
€390,440
€401,894
€394,182
€402,455
▲ 2.1%
Taxes450/3
€75,735
€288
€689
€134
€3,082
▲ 2,200%
Remuneration and social security454/9
€430,619
€390,152
€401,205
€394,048
€399,373
▲ 1.4%
Other amounts payable47/48
€618,856
€778,136
€364,303
€48,097
€0
▼ 100%
Accrued charges and deferred income492/3
€142,318
€110,352
€108,154
€75,555
€63,823
▼ 15.5%
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€618,856
€778,136
€364,303
€48,097
-€104,903
▼ 318%
+ Depreciation and write-downs630
€87,951
€120,870
€133,909
€153,159
€55,190
▼ 64.0%
Operating cash flow (approximation)
€706,807
€899,006
€498,212
€201,256
-€49,713
▼ 125%
Investment in fixed assets (approximation)
-
-€124,407
-€49,334
-€83,385
-€2,741
▲ 96.7%
Change in cash
-
-€2.5m
€561
-€10
€1,355
▲ 13,650%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
State Gazette actResignation: Piet DE COSTER (managing director)
Appointment: Piet DE COSTER (gewoon lid van de raad van bestuur)3 facts ▸
Board meeting, 27/06/2008
Director resignation, Piet DE COSTER (managing director)
Director appointment, Piet DE COSTER (gewoon lid van de raad van bestuur)
2006
13-11
State Gazette actRegistered office
Registered-office move2 facts ▸
Board meeting, 25 augustus 2006
Registered-office move, Ravensteinstraat 60 te 1000 BRUSSEL
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.An act published in both Dutch and French appears here once.
52 of 56 acts read
About the unread acts
Of the 56 Belgian State Gazette acts we know for this company, 52 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
4 directors, 1 in day-to-day management, last change in 2025
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 56 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
De vennootschap heeft tot voorwerp zowel in België als in het buitenland, voor haar rekening of voor rekening van derden, alle verrichtingen te doen: - van makelarij, studie…
Full purpose
De vennootschap heeft tot voorwerp zowel in België als in het buitenland, voor haar rekening of voor rekening van derden, alle verrichtingen te doen: - van makelarij, studie, organisatie en raadgeving inzake verzekeringen en herverzekeringen, - van beheer, ovemame en overdracht van verzekeringsportefeuilles, - van bemiddeling in alle financierings-, krediet- of spaarverrichtingen.. De vennootschap kan haar activiteit uitbreiden tot alle verrichtingen en dien-sten die van aard zouden zijn bij te dragen tot de ontwikkeling van de maatschappelij-ke zaken. Zij kan in het algemeen alle industriële, handels-, financiële, roerende en onroe-rende verrichtingen tot stand brengen die rechtstreeks of onrechtstreeks verband houden'met haar voorwerp. De vennootschap kan door alle wettelijke middelen deelnemen in zaken, on-dernemingen of vennootschappen met een identiek analoog of aanverwant voorwerp, of die van aard zijn de ontwikkeling van haar onderneming te bevorderen.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of AGALLIS 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
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
4 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 4,673 companies in sector 66220 we hold annual accounts for 3,220. 1,778 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.