AGAPA
ActiveSummary
AGAPA has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26.1m and a net result of €35,017. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.4% (very low).
Financials · financial year 2025, abbreviated format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€35,017
2024 · -€21,606
Working capital
-€70,850▲ 8.3%
2024 · -€77,258
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €4,432 in 2025 against €4,158 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.004m
2025
Net result€0.04m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€28.1m
2025
Equity€26.1m
2025
Debt€2.0m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.07m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.01m--€0.003m▲ 72.3%-€0.004m▼ 22.4%-€0.004m▼ 5.6%-€0.004m▼ 15.1%-€0.004m▲ 6.8%-€0.004m▼ 6.6%
Net result-€0.02m--€0.02m▼ 3.7%-€0.4m▼ 2,015%€0.1m€0.2m▲ 47.1%-€0.02m€0.04m
Equity€0.5m-€0.5m▼ 4.3%€0.02m▼ 96.1%€0.2m▲ 770%€0.4m▲ 130%€0.3m▼ 6.1%€26.1m▲ 7,774%
Total assets€2.4m-€2.4m▲ 0.2%€2.4m▲ 3.6%€2.4m▼ 1.5%€2.4m▼ 1.5%€2.4m▼ 0.4%€28.1m▲ 1,090%
Debt€1.9m-€1.9m▲ 1.4%€2.4m▲ 27.5%€2.3m▼ 7.1%€2.0m▼ 10.5%€2.0m▲ 0.6%€2.0m▼ 1.7%
Working capital-€0.2m--€0.2m▼ 2.3%-€0.6m▼ 237%-€0.06m▲ 89.8%-€0.07m▼ 17.4%-€0.08m▼ 16.8%-€0.07m▲ 8.3%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28.1m
Fixed assets
€28.1m ▲ 1,097%
Current assets
€15,350 ▼ 1.7%
Equity and liabilities €28.1m
Equity
€26.1m ▲ 7,774%
Debt
€2.0m ▼ 1.7%
Debt's share of the balance-sheet total falls from 86.0% to 7.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.18▲
2024 · 0.17
Debt to equity
0.08▼
2024 · 6.12
ROE
0.1%▲
2024 · -6.5%
ROA
0.1%▲
2024 · -0.9%
Debt ≤ 1 year
€86,200▼
2024 · €92,878
Debt > 1 year
€1.9m▼
2024 · €1.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - | - | - |
| Other operating charges640/8 | €1,326 | - | €923 | €968 | €1,060 | €1,068 | €1,098 | ▲ 2.9% |
| Gross operating margin9900 | -€9,497 | -€2,599 | -€2,749 | -€2,908 | -€3,402 | -€3,091 | -€3,334 | ▼ 7.9% |
| Operating profit (loss)9901 | -€10,823 | -€3,001 | -€3,672 | -€3,876 | -€4,463 | -€4,158 | -€4,432 | ▼ 6.6% |
| Financial income75/76B | - | - | €130,152 | €150,000 | €219,559 | €0 | €56,165 | - |
| Recurring financial income75 | - | - | €130,152 | €150,000 | €219,559 | €0 | €56,165 | - |
| Financial charges65/66B | €9,163 | - | €778 | €10,326 | €15,381 | €17,448 | €16,716 | ▼ 4.2% |
| Recurring financial charges65 | €9,163 | €17,724 | €778 | €10,326 | €15,381 | €17,448 | €16,716 | ▼ 4.2% |
| Profit (loss) for the period before taxes9903 | -€19,986 | -€20,725 | €125,702 | €135,798 | €199,715 | -€21,606 | €35,017 | - |
| Income taxes67/77 | €0 | - | €564,063 | €53 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€19,986 | -€20,725 | -€438,361 | €135,744 | €199,715 | -€21,606 | €35,017 | - |
| Profit (loss) for the period to be appropriated9905 | - | -€20,725 | -€438,361 | €135,744 | €199,715 | -€21,606 | €35,017 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €28.1m | ▲ 1,090% |
| Fixed assets21/28 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | €28.1m | ▲ 1,097% |
| Financial fixed assets28 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | €28.1m | ▲ 1,097% |
| Current assets29/58 | €0.007m | €0.01m | €0.1m | €0.06m | €0.02m | €0.02m | €0.02m | ▼ 1.7% |
| Amounts receivable within one year40/41 | €0.003m | €0 | - | - | - | - | - | - |
| Other amounts receivable41 | €0.003m | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.004m | €0.01m | €0.1m | €0.06m | €0.02m | €0.02m | €0.02m | ▼ 1.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €28.1m | ▲ 1,090% |
| Equity10/15 | €0.5m | €0.5m | €0.02m | €0.2m | €0.4m | €0.3m | €26.1m | ▲ 7,774% |
| Contributions10/11 | €0.5m | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Revaluation surpluses12 | - | - | - | - | - | - | €25.7m | - |
| Reserves13 | €402 | €402 | €402 | €402 | €402 | €402 | €402 | = |
| Non-distributable reserves130/1 | €402 | - | €402 | €402 | €402 | €402 | €402 | = |
| Reserves not available under the articles1311 | €402 | - | €402 | €402 | €402 | €402 | €402 | = |
| Profit (loss) carried forward14 | -€0.02m | -€0.04m | -€0.5m | -€0.3m | -€0.1m | -€0.2m | -€0.1m | ▲ 20.7% |
| Amounts payable17/49 | €1.9m | €1.9m | €2.4m | €2.3m | €2.0m | €2.0m | €2.0m | ▼ 1.7% |
| Amounts payable after more than one year17 | €1.7m | €1.7m | €1.8m | €2.1m | €1.9m | €1.9m | €1.9m | ▼ 1.8% |
| Other amounts payable178/9 | €1.7m | - | €1.8m | €2.1m | €1.9m | €1.9m | €1.9m | ▼ 1.8% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.6m | €0.1m | €0.09m | €0.09m | €0.09m | ▼ 7.2% |
| Trade debts44 | €0.002m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | ▲ 3.2% |
| Suppliers440/4 | €0.002m | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | ▲ 3.2% |
| Taxes, remuneration and social security45 | €0 | - | €0.6m | €0.03m | €0.001m | €0.002m | €0 | ▼ 100% |
| Taxes450/3 | €0 | - | €0.6m | €0.03m | €0.001m | €0.002m | €0 | ▼ 100% |
| Other amounts payable47/48 | €0.2m | - | €0.08m | €0.08m | €0.09m | €0.09m | €0.08m | ▼ 5.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.006m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.02m | -€0.02m | -€0.4m | €0.1m | €0.2m | -€0.02m | €0.04m | - |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€0.02m | -€0.02m | -€0.4m | €0.1m | €0.2m | -€0.02m | €0.04m | - |
| Investment in fixed assets (approximation) | - | -€0 | €0 | €0 | €0 | €0 | -€25.7m | - |
| Change in cash | - | €0.008m | €0.09m | -€0.04m | -€0.04m | -€0.009m | -€271 | ▲ 97.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-07-2026 | 2026-00301588 |
| 31-12-2024 | full format | 01-07-2025 | 2025-00218531 |
| 31-12-2023 | full format | 26-06-2024 | 2024-00178510 |
| 31-12-2022 | full format | 10-07-2023 | 2023-00225649 |
| 31-12-2021 | full format | 18-07-2022 | 2022-20201770 |
| 31-12-2020 | full format | 13-07-2021 | 2021-34900577 |
| 31-12-2019 | full format | 15-09-2020 | 2020-53800158 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.