Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
The last five annual accounts were filed 3 to 42 days before the end of the period.
Lower solvency than 91% of companies in real estate. Sector median 28.9% · 17,185 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 35% on liquidity, 65% on profitability and 63% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,379 companies had the same profile as AGARA has now. Each dot stands for 4 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AGARA itself is lower: 0.3% within 12 months. It rests on far more data about AGARA than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,379 companies, not a prediction for AGARA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.46 (0.15 in 2024), below 1. Short-term debt is 137% and cash 33.3% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| AGARA Ixelles | €28,464 | €39,744 | -37.0% | - |
| Find Immo Brussels | €37,087 | €45,658 | -124.3% | - |
| CM INVEST Forest | €28,648 | €26,565 | -16.3% | - |
| AGM IMMO Uccle | €46,655 | €36,603 | -22.1% | - |
| IMMOBILIERE BOLLEN & ASSOCIES Schaerbeek | €28,732 | €27,652 | -3.0% | - |
| MEHLHOP Sint-Genesius-Rode | €32,391 | €26,123 | 28.9% | - |
| ALBI IMMO Herve | €19,167 | €46,168 | -66.2% | - |
These companies have the same main activity as AGARA: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €19,200 and €46,700, founded between 2006 and 2013.
AGARA files the micro format. That format states no turnover. The gross margin rose from €33,985 in 2013 to €39,744 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €87,000. Estimated: probably between €59,000 and €150,000.
Higher than 8% of 17,185 companies in 2025.
Higher than 28% of 16,482 companies in 2025.
Higher than 58% of 16,861 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
28,464 | 23,912 | 32,396 | 42,966 | 51,223 | 72,900 | 79,429 | 90,109 | 126,520 | 108,323 | 92,532 | 66,673 | 67,287 | |
21/28 |
10,346 | 19,161 | 23,950 | 37,289 | 33,823 | 31,159 | 35,974 | 48,360 | 50,838 | 51,708 | 54,211 | 17,029 | 9,429 | |
21 |
1,013 | 3,207 | 6,128 | 10,779 | 14,073 | 21,680 | 33,832 | 39,908 | 35,857 | 29,098 | 25,722 | 11,577 | 6,252 | |
22/27 |
9,333 | 15,953 | 17,822 | 26,510 | 19,750 | 9,479 | 2,142 | 8,453 | 14,981 | 22,610 | 28,221 | 5,452 | 3,177 | |
23 |
- | 323 | 1,000 | 1,676 | - | - | - | - | - | - | - | 92 | 367 | |
24 |
8,440 | 13,686 | 13,826 | 20,787 | 16,804 | 9,479 | 2,142 | 8,453 | 14,981 | 22,082 | 27,104 | 3,533 | 2,383 | |
26 |
893 | 1,945 | 2,996 | 4,047 | 2,947 | - | - | - | - | 528 | 1,117 | 1,827 | 426 | |
28 |
- | - | - | - | - | - | - | - | - | - | 268 | - | - | |
29/58 |
18,118 | 4,751 | 8,446 | 5,677 | 17,401 | 41,741 | 43,455 | 41,749 | 75,682 | 56,614 | 38,321 | 49,644 | 57,858 | |
29 |
- | - | - | - | - | - | - | - | 1,063 | 12,885 | 20,143 | 37,443 | 44,193 | |
290 |
- | - | - | - | - | - | - | - | 1,063 | 12,885 | 20,143 | 37,443 | 44,193 | |
40/41 |
5,676 | 4,667 | 6,841 | 336 | 1,887 | 40,854 | 23,600 | 29,478 | 51,776 | 32,734 | 17,074 | 8,528 | 9,745 | |
40 |
5,676 | 3,885 | - | - | - | 36,632 | 23,600 | 26,329 | 51,776 | 30,690 | 13,360 | 376 | - | |
41 |
- | 782 | 6,841 | 336 | 1,887 | 4,222 | - | 3,148 | - | 2,044 | 3,714 | 8,152 | 9,745 | |
54/58 |
9,471 | 84 | 90 | 3,562 | 9,038 | 220 | 19,855 | 9,992 | 20,527 | 34 | 38 | 3,673 | 3,921 | |
490/1 |
2,971 | - | 1,514 | 1,779 | 6,476 | 668 | - | 2,279 | 2,316 | 10,960 | 1,066 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
28,464 | 23,912 | 32,396 | 42,966 | 51,223 | 72,900 | 79,429 | 90,109 | 126,520 | 108,323 | 92,532 | 66,673 | 67,287 | |
10/15 |
-10,526 | -11,420 | 4,805 | 4,963 | 2,567 | 1,965 | -3,400 | -15,388 | 3,428 | 15,067 | 8,897 | 30,236 | 31,660 | |
10/11 |
18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 16,301 | 16,301 | 16,301 | |
100 |
- | - | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | - | - | - | - | 2,249 | 2,249 | 2,249 | |
13 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | |
130 |
- | - | - | - | - | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | |
133 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | - | - | - | - | - | - | - | - | |
14 |
-30,931 | -31,825 | -15,600 | -15,442 | -17,838 | -18,440 | -23,805 | -35,793 | -16,977 | -5,338 | -9,259 | 12,080 | 13,504 | |
17/49 |
38,990 | 35,331 | 27,590 | 38,003 | 48,657 | 70,936 | 82,829 | 105,497 | 123,092 | 93,255 | 83,634 | 36,436 | 35,627 | |
17 |
- | 4,358 | - | - | - | - | - | 31,485 | 37,320 | 12,994 | 18,511 | - | - | |
170/4 |
- | 4,358 | - | - | - | - | - | 1,485 | 7,320 | 12,994 | 18,511 | - | - | |
178/9 |
- | - | - | - | - | - | - | 30,000 | 30,000 | - | - | - | - | |
42/48 |
38,990 | 30,973 | 27,590 | 38,003 | 48,657 | 70,936 | 82,829 | 73,975 | 85,772 | 80,261 | 65,123 | 36,436 | 35,627 | |
42 |
4,358 | 1,338 | - | - | - | - | 1,485 | 5,836 | 5,674 | 5,517 | 5,362 | - | - | |
43 |
- | 9,997 | 6,945 | - | 752 | 4,322 | - | - | - | 11,941 | 9,612 | - | - | |
430/8 |
- | - | - | - | 752 | - | - | - | - | 11,941 | 9,612 | - | - | |
439 |
- | 9,997 | 6,945 | - | - | 4,322 | - | - | - | - | - | - | - | |
44 |
308 | 2,935 | 10,803 | 4,649 | 20,077 | 12,208 | 1,823 | 2,378 | 446 | 2,962 | 4,283 | 13,793 | 4,799 | |
440/4 |
308 | 2,935 | 10,803 | 4,649 | 20,077 | 12,208 | 1,823 | 2,378 | 446 | 2,962 | 4,283 | 13,793 | 4,799 | |
46 |
- | - | - | - | - | - | 8,914 | 8,914 | - | - | - | - | - | |
45 |
11,239 | 8,291 | 9,842 | 16,583 | 21,154 | 4,981 | 5,110 | 264 | 12,794 | 4,499 | 8,366 | 5,143 | 13,328 | |
450/3 |
238 | 1,819 | 1,643 | 14,451 | 20,201 | 4,981 | 5,110 | 264 | 3,881 | 2,623 | 2,888 | 3,535 | 13,328 | |
454/9 |
11,001 | 6,472 | 8,199 | 2,132 | 952 | - | - | - | 8,914 | 1,876 | 5,477 | 1,608 | - | |
47/48 |
23,085 | 8,413 | - | 16,770 | 6,674 | 49,424 | 65,498 | 56,584 | 66,858 | 55,342 | 37,500 | 17,500 | 17,500 | |
492/3 |
- | - | - | - | - | - | - | 38 | - | - | - | - | - | |
| Income statement | ||||||||||||||
76A |
- | - | - | 3,461 | - | - | - | - | - | - | - | - | - | |
9900 |
39,744 | 20,086 | 46,725 | 42,193 | 28,085 | 26,193 | 35,082 | -1,547 | 15,196 | 29,131 | 7,188 | 8,004 | 33,985 | |
62 |
25,888 | 21,114 | 25,407 | 17,033 | 2,208 | 389 | - | - | 9,802 | 6,966 | 13,112 | 1,736 | - | |
630 |
10,499 | 12,845 | 19,528 | 16,407 | 18,873 | 17,171 | 14,252 | 15,299 | 14,228 | 14,206 | 12,701 | 5,580 | 5,145 | |
640/8 |
597 | 863 | 793 | 1,530 | 1,693 | 577 | 6,834 | 982 | 761 | 753 | 1,335 | 974 | 2,730 | |
66A |
- | - | - | - | - | - | - | - | - | 294 | - | - | - | |
9901 |
2,759 | -14,736 | 997 | 7,223 | 5,311 | 8,057 | 13,995 | -17,829 | -9,595 | 7,205 | -19,961 | -286 | 26,109 | |
75/76B |
1 | 2 | 0 | - | - | - | 15 | 0 | 1 | 0 | 14 | 955 | 8 | |
75 |
1 | 2 | 0 | - | - | - | 15 | 0 | 1 | 0 | 14 | 955 | 8 | |
65/66B |
1,867 | 1,062 | 541 | 702 | 1,893 | 491 | 512 | 724 | 1,927 | 2,867 | 1,233 | 1,080 | 2,874 | |
65 |
1,867 | 1,062 | 541 | 702 | 1,893 | 491 | 512 | 724 | 1,927 | 2,867 | 1,233 | 1,080 | 2,874 | |
9903 |
893 | -15,796 | 456 | 6,521 | 3,418 | 7,566 | 13,498 | -18,552 | -11,521 | 4,044 | -21,180 | -411 | 23,242 | |
67/77 |
- | 429 | 614 | 4,125 | 2,816 | 2,201 | 1,510 | 264 | 118 | 123 | 158 | 1,012 | 7,884 | |
9904 |
893 | -16,225 | -157 | 2,396 | 602 | 5,365 | 11,987 | -18,816 | -11,639 | 3,921 | -21,339 | -1,423 | 15,359 | |
9905 |
893 | -16,225 | -157 | 2,396 | 602 | 5,365 | 11,987 | -18,816 | -11,639 | 3,921 | -21,339 | -1,423 | 15,359 | |
| Appropriation of the result | ||||||||||||||
9906 |
-30,931 | -31,825 | -15,600 | -15,442 | -17,838 | -18,440 | -23,805 | -35,793 | -16,977 | -5,338 | -9,259 | 12,080 | 15,359 | |
14P |
-31,825 | -15,600 | -15,442 | -17,838 | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,855 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,855 | |
| Social balance sheet | ||||||||||||||
9087 |
1 | - | 0.5 | 1 | - | - | - | - | 0.5 | 0.5 | 0.5 | 0.5 | - | |
Hours worked1013 |
1,292 | - | - | - | - | - | - | - | 695 | 494 | 954 | 152 | - | |
| Document | ||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 31-12-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 31-12-2025 | 2025-00592693 | |
| 30-06-2024 | micro format | 27-01-2025 | 2025-00014093 | |
| 30-06-2023 | micro format | 20-12-2023 | 2023-00531674 | |
| 30-06-2022 | micro format | 30-12-2022 | 2022-20549443 | |
| 30-06-2021 | micro format | 28-01-2022 | 2022-02300568 | |
| 30-06-2020 | micro format | 28-12-2020 | 2020-77100064 | |
| 30-06-2019 | micro format | 28-12-2019 | 2019-78000197 | |
| 30-06-2018 | full format | 04-12-2018 | 2018-73300309 | |
| 30-06-2017 | full format | 05-01-2018 | 2018-00200473 | |
| 30-06-2016 | full format | 23-12-2016 | 2016-71100036 | |
| 30-06-2015 | full format | 15-12-2015 | 2015-68700601 | |
| 30-06-2014 | full format | 09-12-2014 | 2014-68500401 | |
| 30-06-2013 | full format | 11-12-2013 | 2013-68000565 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13,259 | -1,891 | 20,525 | 23,630 | 24,185 | 25,228 | 28,247 | -2,529 | 4,633 | 21,412 | -7,260 | 5,294 | 31,254 | ||
| 11,393 | -3,380 | 19,371 | 18,803 | 19,475 | 22,535 | 26,239 | -3,517 | 2,588 | 18,127 | -8,638 | 4,156 | 20,504 | ||
| 1,684 | 8,056 | 6,189 | 20,978 | 21,537 | 12,356 | 1,865 | 12,821 | 13,358 | 12,266 | 49,883 | 13,179 | 18,088 | ||
| 9,387 | -6 | -3,472 | -5,476 | 8,818 | -19,635 | 9,863 | -10,535 | 20,492 | -3 | -3,635 | -248 | - | ||
| -20,872 | -26,223 | -19,144 | -32,326 | -31,256 | -29,194 | -39,374 | -32,226 | -10,090 | -23,646 | -26,802 | 13,208 | 22,231 | ||
| -37.0% | -47.8% | 14.8% | 11.6% | 5.0% | 2.7% | -4.3% | -17.1% | 2.7% | 13.9% | 9.6% | 45.4% | 47.1% | ||
| 0.46 | 0.15 | 0.31 | 0.15 | 0.36 | 0.59 | 0.52 | 0.56 | 0.88 | 0.71 | 0.59 | 1.36 | 1.62 | ||
| - | - | 5.74 | 7.66 | 18.96 | 36.11 | - | - | 35.91 | 6.19 | 9.40 | 1.21 | 1.13 | ||
| - | - | -3.3% | 48.3% | 23.5% | 273.1% | - | - | -339.5% | 26.0% | -239.8% | -4.7% | 48.5% | ||
| 3.1% | -67.9% | -0.5% | 5.6% | 1.2% | 7.4% | 15.1% | -20.9% | -9.2% | 3.6% | -23.1% | -2.1% | 22.8% | ||
| 7.10 | -1.78 | 37.96 | 33.64 | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | - | 1 |
| full-time | 1 | - | - |
| part-time | - | - | 1 |
| in full-time equivalents | 1 | - | 0.5 |
| - | - | 0.5 | |
| On a permanent contract | 1 | - | 1 |
| Joined | - | - | 2 |
| Left | - | - | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,684 | €8,056 | €6,189 | €20,978 |
| €10,499 | €12,845 | €19,528 | €16,407 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €2,759, after a loss of €14,736 in 2024. It is the highest result since 2022.
Equity is negative. Debt (€38,990) exceeds the balance-sheet total (€28,464).
AGARA has no parent and no holdings in its annual accounts. DEMEUSE Valérie is the only director. AGARA shares no director with another company.
| SIGIX
registered office since 03-04-2024 · founded in 2024 |
total assets €256,463 (2025) 1007.953.229 |
| Eiger
registered office since 21-01-2025 · founded in 2025 |
total assets €187,473 (2025) 1019.014.395 |
| EVEREST INVEST
establishment since 29-12-2009 · founded in 2009 |
total assets €14,387 (2026) 0821.832.696 |
| Collège interuniversitaire d'Etudes doctorales dans les Sciences du Management
registered office since 15-04-1970 |
founded in 1970 0408.376.532 |
| Association européenne des Centres de Perfectionnement dans la Direction des Entreprises
registered office since 30-09-1960 |
founded in 1960 0408.291.707 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Eendrachtstraat 53 registered office 1050 Ixelles | 20-02-2018 | 2.302.479.201 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21009A0350/00C010 | 889 m² | 1 · 181 m² | 22.3 m · 7 |
If something looks wrong or is missing, please tell us.