Agathos
ActiveSummary
The computed 12-month bankruptcy probability of Agathos is 2.8% (moderate). The 2025 annual accounts show equity of €113,488 and a net result of €88,343. Equity is growing by ~3.9% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+1
Solvency44▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.95 against 1.45 in 2024; short-term debt: 32.5% and cash: 1.4% of total assets), and 81% 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 · 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
19%
Return on assets
14.8%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
29 d late
2023
30 d late
2022
31 d late
2021
78 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 33 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
Equity
€113,488▼ 37.0%
2024 · €180,016
Total assets
€597,319▼ 3.3%
2024 · €618,021
Net result
€88,343▲ 4.8%
2024 · €84,335
Working capital
-€9,491
2024 · €56,921
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€84,138▼ 26.5%€62,375▼ 25.9%€80,575▲ 29.2%€121,165▲ 50.4%€123,098▲ 1.6%
Net result€54,175▼ 20.8%€39,314▼ 27.4%€56,946▲ 44.9%€84,335▲ 48.1%€88,343▲ 4.8%
Equity€136,747▲ 65.6%€181,061▲ 32.4%€180,016▼ 0.6%€180,016=€113,488▼ 37.0%
Total assets€592,294▲ 5.4%€597,505▲ 0.9%€600,178▲ 0.4%€618,021▲ 3.0%€597,319▼ 3.3%
Debt€455,547▼ 4.9%€416,444▼ 8.6%€420,163▲ 0.9%€438,005▲ 4.2%€483,831▲ 10.5%
Working capital€26,333€56,381▲ 114%€56,358=€56,921▲ 1.0%-€9,491
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €597,319
Fixed assets
€412,973 ▼ 5.2%
Current assets
€184,346 ▲ 1.2%
Equity and liabilities €597,319
Equity
€113,488 ▼ 37.0%
Debt
€483,831 ▲ 10.5%
Debt's share of the balance-sheet total rises from 70.9% to 81.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€145,960▲
2024 · €144,026
Cash flow
€111,204▲
2024 · €107,197
Current ratio
0.95▼
2024 · 1.45
Debt to equity
4.26▲
2024 · 2.43
ROE
77.8%▲
2024 · 46.8%
ROA
14.8%▲
2024 · 13.6%
Interest coverage
22.08▲
2024 · 18.94
Debt ≤ 1 year
€193,837▲
2024 · €125,265
Debt > 1 year
€289,994▼
2024 · €312,740
Income taxes
€29,448▲
2024 · €29,231
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,679 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 2,679 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 | €21,319 | €22,588 | €22,861 | €22,861 | €22,861 | = |
| Other operating charges640/8 | €470 | €368 | €1,394 | €1,119 | €4,781 | ▲ 327% |
| Gross operating margin9900 | €105,927 | €85,331 | €104,830 | €145,145 | €150,741 | ▲ 3.9% |
| Operating profit (loss)9901 | €84,138 | €62,375 | €80,575 | €121,165 | €123,098 | ▲ 1.6% |
| Financial income75/76B | €1 | - | €5 | €6 | €1,304 | ▲ 21,559% |
| Recurring financial income75 | €1 | - | €5 | €6 | €1,304 | ▲ 21,559% |
| Financial charges65/66B | €10,217 | €9,279 | €9,398 | €7,604 | €6,612 | ▼ 13.1% |
| Recurring financial charges65 | €10,217 | €9,279 | €9,398 | €7,604 | €6,612 | ▼ 13.1% |
| Profit (loss) for the period before taxes9903 | €73,922 | €53,096 | €71,182 | €113,567 | €117,790 | ▲ 3.7% |
| Income taxes67/77 | €19,747 | €13,783 | €14,236 | €29,231 | €29,448 | ▲ 0.7% |
| Profit (loss) for the period9904 | €54,175 | €39,314 | €56,946 | €84,335 | €88,343 | ▲ 4.8% |
| Profit (loss) for the period to be appropriated9905 | €54,175 | €39,314 | €56,946 | €84,335 | €88,343 | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €592,294 | €597,505 | €600,178 | €618,021 | €597,319 | ▼ 3.3% |
| Fixed assets21/28 | €488,720 | €481,557 | €458,696 | €435,834 | €412,973 | ▼ 5.2% |
| Tangible fixed assets22/27 | €488,720 | €481,557 | €458,696 | €435,834 | €412,973 | ▼ 5.2% |
| Land and buildings22 | €431,671 | €417,509 | €403,347 | €389,185 | €375,023 | ▼ 3.6% |
| Other tangible fixed assets26 | €57,048 | €64,048 | €55,349 | €46,650 | €37,950 | ▼ 18.6% |
| Current assets29/58 | €103,574 | €115,948 | €141,483 | €182,187 | €184,346 | ▲ 1.2% |
| Amounts receivable within one year40/41 | €1,335 | €5,918 | €13,378 | €14,561 | €20,298 | ▲ 39.4% |
| Trade receivables40 | €1,335 | - | €10,054 | €10,969 | €18,112 | ▲ 65.1% |
| Other amounts receivable41 | - | €5,918 | €3,324 | €3,592 | €2,186 | ▼ 39.1% |
| Current investments50/53 | - | - | €101,000 | €146,006 | €155,929 | ▲ 6.8% |
| Cash at bank and in hand54/58 | €102,065 | €109,697 | €26,904 | €21,413 | €8,119 | ▼ 62.1% |
| Deferred charges and accrued income490/1 | €174 | €332 | €201 | €207 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €592,294 | €597,505 | €600,178 | €618,021 | €597,319 | ▼ 3.3% |
| Equity10/15 | €136,747 | €181,061 | €180,016 | €180,016 | €113,488 | ▼ 37.0% |
| Contributions10/11 | €15,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €120,702 | €160,016 | €160,016 | €160,016 | €93,488 | ▼ 41.6% |
| Distributable reserves133 | €120,702 | €160,016 | €160,016 | €160,016 | €93,488 | ▼ 41.6% |
| Profit (loss) carried forward14 | €1,045 | €1,045 | - | - | - | - |
| Amounts payable17/49 | €455,547 | €416,444 | €420,163 | €438,005 | €483,831 | ▲ 10.5% |
| Amounts payable after more than one year17 | €378,306 | €356,877 | €335,038 | €312,740 | €289,994 | ▼ 7.3% |
| Financial debts170/4 | €378,306 | €356,877 | €335,038 | €312,740 | €289,994 | ▼ 7.3% |
| Amounts payable within one year42/48 | €77,241 | €59,567 | €85,125 | €125,265 | €193,837 | ▲ 54.7% |
| Current portion of amounts payable after more than one year42 | €21,006 | €21,429 | €21,839 | €22,298 | €22,746 | ▲ 2.0% |
| Trade debts44 | €10,629 | €150 | - | - | €171 | - |
| Suppliers440/4 | €10,629 | €150 | - | - | €171 | - |
| Taxes, remuneration and social security45 | €10,590 | €5,317 | €10,352 | €27,192 | €16,634 | ▼ 38.8% |
| Taxes450/3 | €10,590 | €5,317 | €10,352 | €27,192 | €16,634 | ▼ 38.8% |
| Other amounts payable47/48 | €35,016 | €32,671 | €52,933 | €75,775 | €154,285 | ▲ 104% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,175 | €39,314 | €56,946 | €84,335 | €88,343 | ▲ 4.8% |
| + Depreciation and write-downs630 | €21,319 | €22,588 | €22,861 | €22,861 | €22,861 | = |
| Operating cash flow (approximation) | €75,493 | €61,901 | €79,807 | €107,197 | €111,204 | ▲ 3.7% |
| Investment in fixed assets (approximation) | - | -€15,425 | €0 | €0 | €0 | - |
| Change in cash | - | €7,632 | -€82,793 | -€5,491 | -€13,294 | ▼ 142% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €88,343 ▲4.8%
Operating result €123,098, net result €88,343, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €39,314 ▼27.4%
Net result drops to €39,314, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €181,061 ▲32.4%
3 profitable years in a row build equity to €181,061.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Equity above €100,000Eq €136,747 ▲65.6%
2 profitable years in a row build equity to €136,747.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kortrijk · 2 establishment units since 2019
Ground area
287 m²
Building footprint
113 m²
Volume, LiDAR
967 m³
Parcel 34022E0542/00F003, Flanders · tallest building 15.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Agathos
since 20192.291.333.010
Agathos
since 20262.390.579.945
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0542/00F003 | Flanders | 287 m² | 1 · 113 m² | 15.9 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded24-06-2019
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728804649
Also
9925:BE0728804649
Registered
17-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.