AGC
ActiveSummary
AGC has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€468,649) and a net result of €64,576. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability92▲+6
Solvency0=
Growth51=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.12 against 1.18 in 2023; short-term debt: 27.4% and cash: 12.1% of total assets), but equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-132.4%
Return on assets
18.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 6537 sector peers (2024).
NBB · sector comparisonPosition among 6537 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
4 d late
2023
31 d late
2022
31 d late
2021
396 d late
2020
177 d late
2019
202 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 140 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
€84,358▲ 1.2%
2019 · €83,350
EBIT margin
63.0%▲ 5.1pp
2019 · 58.0%
Net result
€64,576▲ 33.0%
2023 · €48,566
Working capital
€108,519▲ 268%
2023 · €29,514
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€84,358▲ 1.2%
Operating result€53,185▲ 10.0%€58,593▲ 10.2%-€384,789€56,488€67,187▲ 18.9%
Net result€50,486within the sector's middle half▲ 35.2%€51,265within the sector's middle half▲ 1.5%-€513,014below the sector's middle half€48,566within the sector's middle half€64,576within the sector's middle half▲ 33.0%
EBIT margin63.0%▲ 5.1pp
Equity-€120,042below the sector's middle half▲ 29.6%-€68,777below the sector's middle half▲ 42.7%-€581,791below the sector's middle half▼ 746%-€533,225below the sector's middle half▲ 8.3%-€468,649below the sector's middle half▲ 12.1%
Total assets€688,380within the sector's middle half▼ 3.3%€696,783within the sector's middle half▲ 1.2%€314,689below the sector's middle half▼ 54.8%€358,179below the sector's middle half▲ 13.8%€353,889below the sector's middle half▼ 1.2%
Debt€808,422▼ 8.4%€765,560▼ 5.3%€896,480▲ 17.1%€891,405▼ 0.6%€822,538▼ 7.7%
Working capital€152,563▲ 24.2%€217,147▲ 42.3%€89,368▼ 58.8%€29,514▼ 67.0%€108,519▲ 268%
Solvency-17.4%below the sector's middle half▲ 6.5pp-9.9%below the sector's middle half▲ 7.6pp-184.9%below the sector's middle half▼ 175.0pp-148.9%below the sector's middle half▲ 36.0pp-132.4%below the sector's middle half▲ 16.4pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 19% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €353,889
Fixed assets
€148,266 ▼ 12.0%
Current assets
€205,623 ▲ 8.4%
Key figures and ratios
EBITDA
€87,692▲
2023 · €76,993
Cash flow
€85,081▲
2023 · €69,070
Current ratio
2.12▲
2023 · 1.18
Debt to equity
-1.76▼
2023 · -1.67
ROA
18.2%▲
2023 · 13.6%
Interest coverage
33.58▲
2023 · 9.72
Debt ≤ 1 year
€97,104▼
2023 · €160,095
Debt > 1 year
€725,434▼
2023 · €730,934
Staff costs
€1,733▲
2023 · €1,570
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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 3,798 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €84,358 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €1,367 | €1,404 | €1,570 | €1,733 | ▲ 10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,296 | €23,264 | €19,130 | €20,504 | €20,504 | = |
| Other operating charges640/8 | - | - | €463,160 | €15,902 | €6,085 | ▼ 61.7% |
| Gross operating margin9900 | €81,317 | €83,223 | €98,906 | €94,464 | €95,509 | ▲ 1.1% |
| Operating profit (loss)9901 | €53,185 | €58,593 | -€384,789 | €56,488 | €67,187 | ▲ 18.9% |
| Financial charges65/66B | - | €7,328 | €128,225 | €7,923 | €2,611 | ▼ 67.0% |
| Recurring financial charges65 | €7,796 | €7,328 | €7,497 | €7,923 | €2,611 | ▼ 67.0% |
| Non-recurring financial charges66B | - | - | €120,728 | - | - | - |
| Profit (loss) for the period before taxes9903 | €45,389 | €51,265 | -€513,014 | €48,566 | €64,576 | ▲ 33.0% |
| Income taxes67/77 | -€5,097 | - | - | - | - | - |
| Profit (loss) for the period9904 | €50,486 | €51,265 | -€513,014 | €48,566 | €64,576 | ▲ 33.0% |
| Profit (loss) for the period to be appropriated9905 | €50,486 | €51,265 | -€513,014 | €48,566 | €64,576 | ▲ 33.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €688,380 | €696,783 | €314,689 | €358,179 | €353,889 | ▼ 1.2% |
| Fixed assets21/28 | €352,196 | €328,933 | €189,075 | €168,570 | €148,266 | ▼ 12.0% |
| Tangible fixed assets22/27 | €231,468 | €208,204 | €189,075 | €168,570 | €148,066 | ▼ 12.2% |
| Land and buildings22 | - | €207,545 | €189,075 | €168,570 | €148,066 | ▼ 12.2% |
| Other tangible fixed assets26 | - | €659 | - | - | - | - |
| Financial fixed assets28 | €120,728 | €120,728 | €0 | €0 | €200 | - |
| Current assets29/58 | €336,184 | €367,850 | €125,614 | €189,609 | €205,623 | ▲ 8.4% |
| Amounts receivable within one year40/41 | €283,066 | €308,249 | €117,485 | €161,905 | €162,969 | ▲ 0.7% |
| Trade receivables40 | - | €244,292 | €0 | €500 | €500 | = |
| Other amounts receivable41 | - | €63,957 | €117,485 | €161,405 | €162,469 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €13,172 | €15,235 | €8,129 | €27,704 | €42,654 | ▲ 54.0% |
| Deferred charges and accrued income490/1 | - | €44,366 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €688,380 | €696,783 | €314,689 | €358,179 | €353,889 | ▼ 1.2% |
| Equity10/15 | -€120,042 | -€68,777 | -€581,791 | -€533,225 | -€468,649 | ▲ 12.1% |
| Contributions10/11 | €309,000 | €309,000 | €309,000 | €309,000 | €309,000 | = |
| Capital10 | - | €309,000 | €309,000 | €309,000 | €309,000 | = |
| Issued capital100 | - | €309,000 | €309,000 | €309,000 | €309,000 | = |
| Reserves13 | €11,566 | €11,566 | €11,566 | €11,566 | €11,566 | = |
| Non-distributable reserves130/1 | - | €11,566 | €3,718 | €3,718 | €3,718 | = |
| Legal reserve130 | - | €11,566 | €3,718 | €3,718 | €3,718 | = |
| Distributable reserves133 | - | - | €7,848 | €7,848 | €7,848 | = |
| Profit (loss) carried forward14 | -€440,608 | -€389,343 | -€902,357 | -€853,791 | -€789,215 | ▲ 7.6% |
| Amounts payable17/49 | €808,422 | €765,560 | €896,480 | €891,405 | €822,538 | ▼ 7.7% |
| Amounts payable after more than one year17 | €624,801 | €614,857 | €860,234 | €730,934 | €725,434 | ▼ 0.8% |
| Financial debts170/4 | - | €562,144 | €860,234 | €730,934 | €725,434 | ▼ 0.8% |
| Other amounts payable178/9 | - | €52,713 | €0 | - | - | - |
| Amounts payable within one year42/48 | €183,621 | €150,703 | €36,246 | €160,095 | €97,104 | ▼ 39.3% |
| Current portion of amounts payable after more than one year42 | - | €15,466 | €5,932 | €0 | - | - |
| Trade debts44 | €10,062 | €7,377 | €7,962 | €4,990 | €1,546 | ▼ 69.0% |
| Suppliers440/4 | - | €7,377 | €7,962 | €4,990 | €1,546 | ▼ 69.0% |
| Taxes, remuneration and social security45 | - | €6,063 | - | - | - | - |
| Taxes450/3 | - | €6,063 | - | - | - | - |
| Other amounts payable47/48 | - | €121,797 | €22,352 | €155,106 | €95,558 | ▼ 38.4% |
| Accrued charges and deferred income492/3 | - | - | - | €375 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,486 | €51,265 | -€513,014 | €48,566 | €64,576 | ▲ 33.0% |
| + Depreciation and write-downs630 | €21,296 | €23,264 | €19,130 | €20,504 | €20,504 | = |
| Operating cash flow (approximation) | €71,782 | €74,529 | -€493,884 | €69,070 | €85,081 | ▲ 23.2% |
| Investment in fixed assets (approximation) | - | €0 | €120,728 | €0 | -€200 | - |
| Change in cash | - | €2,063 | -€7,106 | €19,575 | €14,950 | ▼ 23.6% |
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
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 4 days late
2024
31-12
Financial
Highest result since 2018net €64,576 ▲33%
Operating result €67,187, net result €64,576, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Back to profitnet €48,566
Net result €48,566 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 396 days late
2022
31-12
Financial
Weakest financial yearnet -€513,014
Net result drops to -€513,014, the lowest in the series; recovery starts the following year.
24-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 177 days late
2021
18-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 202 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 42 days late
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Fleurus · 1 establishment unit since 1988
Ground area
1,346 m²
Building footprint
290 m²
Volume, LiDAR
1,347 m³
Parcel 52021A0208/00M000, Wallonia · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chemin de Saint-Amand(FL) 26, 6220 Fleurus
since 19882.040.062.230
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52021A0208/00M000 | Wallonia | 1,346 m² | 1 · 290 m² | 11.8 m · 2 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.
Structure & network
Owners and holdings
1 ownerOwners 1
- STEP INVESTLUSourceown accounts 202220%
Holdings 0
The accounts to 31-12-2022 list no holdings, and no other source names one.
According to the 2022 annual accounts of AGC 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
No current directors or connected companies found in the register.
Similar companies · same sector and region
2G
BE 0888.022.132
Saint-Hubert
A. Songül
BE 0764.420.475
Charleroi
BOUTIQUE TENDANCES
BE 1022.519.164
Gerpinnes
C.W.N.F.
BE 0810.589.111
Charleroi
Centre Wallon d'Orthopédie Générale
BE 0432.824.886
Thuin
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,035 companies in sector 47721 we hold annual accounts for 583. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-07-1988
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
47512Retail sale of household textiles and bedding
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435086966
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.