AGC
ActiveSummary
AGC has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €46,678 and a net result of €16,762. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 63% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+8
Solvency83▼-14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 3.45 against 15.57 in 2023; short-term debt: 10.5% and cash: 31.4% of total assets), and 42% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
58%
Return on assets
20.8%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €46,678
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 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
11 d late
2023
56 d late
2022
28 d late
2021
25 d late
2020
12 d late
2019
112 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 41 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€46,678▲ 56.0%
2023 · €29,916
Total assets
€80,480▲ 93.4%
2023 · €41,605
Net result
€16,762▲ 169%
2023 · €6,226
Working capital
€20,707▼ 39.4%
2023 · €34,157
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
Line20202021202220232024
Operating result€17,451▲ 1,433%-€10,415-€6,074▲ 41.7%€6,517€18,631▲ 186%
Net result€13,070▲ 2,584%-€11,322-€6,333▲ 44.1%€6,226€16,762▲ 169%
Equity€41,345▲ 46.2%€30,023▼ 27.4%€23,690▼ 21.1%€29,916▲ 26.3%€46,678▲ 56.0%
Total assets€64,531▲ 27.6%€45,761▼ 29.1%€34,354▼ 24.9%€41,605▲ 21.1%€80,480▲ 93.4%
Debt€23,186▲ 3.9%€15,738▼ 32.1%€10,665▼ 32.2%€11,689▲ 9.6%€33,802▲ 189%
Working capital€36,748▲ 75.6%€37,027▲ 0.8%€27,896▼ 24.7%€34,157▲ 22.4%€20,707▼ 39.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 186% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €80,480
Fixed assets
€51,314 ▲ 905%
Current assets
€29,167 ▼ 20.1%
Equity and liabilities €80,480
Equity
€46,678 ▲ 56.0%
Debt
€33,802 ▲ 189%
Debt's share of the balance-sheet total rises from 28.1% to 42.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26,521▲
2023 · €7,589
Cash flow
€24,652▲
2023 · €7,298
Current ratio
3.45▼
2023 · 15.57
Debt to equity
0.72▲
2023 · 0.39
ROE
35.9%▲
2023 · 20.8%
ROA
20.8%▲
2023 · 15.0%
Interest coverage
27.32▼
2023 · 72.45
Debt ≤ 1 year
€8,459▲
2023 · €2,344
Debt > 1 year
€25,343▲
2023 · €9,281
Income taxes
€934▲
2023 · €281
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,502 | €10,661 | €1,106 | €1,072 | €7,890 | ▲ 636% |
| Other operating charges640/8 | - | €128 | €172 | €1,090 | €548 | ▼ 49.8% |
| Non-recurring operating charges66A | - | - | - | - | €45 | - |
| Gross operating margin9900 | €29,442 | €374 | -€4,797 | €8,679 | €27,114 | ▲ 212% |
| Operating profit (loss)9901 | €17,451 | -€10,415 | -€6,074 | €6,517 | €18,631 | ▲ 186% |
| Financial income75/76B | - | - | - | €95 | €201 | ▲ 111% |
| Recurring financial income75 | - | - | - | €95 | €201 | ▲ 111% |
| Financial charges65/66B | - | €141 | €121 | €105 | €1,136 | ▲ 985% |
| Recurring financial charges65 | €188 | €141 | €121 | €105 | €971 | ▲ 827% |
| Non-recurring financial charges66B | - | - | - | - | €165 | - |
| Profit (loss) for the period before taxes9903 | €17,263 | -€10,556 | -€6,195 | €6,507 | €17,696 | ▲ 172% |
| Income taxes67/77 | €4,193 | €766 | €138 | €281 | €934 | ▲ 233% |
| Profit (loss) for the period9904 | €13,070 | -€11,322 | -€6,333 | €6,226 | €16,762 | ▲ 169% |
| Profit (loss) for the period to be appropriated9905 | €13,070 | -€11,322 | -€6,333 | €6,226 | €16,762 | ▲ 169% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64,531 | €45,761 | €34,354 | €41,605 | €80,480 | ▲ 93.4% |
| Fixed assets21/28 | €15,256 | €5,875 | €5,265 | €5,104 | €51,314 | ▲ 905% |
| Tangible fixed assets22/27 | €15,256 | €5,875 | €5,265 | €5,104 | €51,314 | ▲ 905% |
| Furniture and vehicles24 | - | €1,203 | €1,220 | €1,439 | €48,523 | ▲ 3,272% |
| Other tangible fixed assets26 | - | €4,672 | €4,045 | €3,665 | €2,790 | ▼ 23.9% |
| Current assets29/58 | €49,275 | €39,886 | €29,090 | €36,501 | €29,167 | ▼ 20.1% |
| Amounts receivable within one year40/41 | €3,984 | €3,170 | €2,539 | €5,818 | €3,582 | ▼ 38.4% |
| Trade receivables40 | - | €2,463 | €2,236 | €5,475 | €3,367 | ▼ 38.5% |
| Other amounts receivable41 | - | €708 | €303 | €343 | €215 | ▼ 37.2% |
| Cash at bank and in hand54/58 | €42,339 | €36,431 | €25,289 | €30,371 | €25,273 | ▼ 16.8% |
| Deferred charges and accrued income490/1 | - | €285 | €1,262 | €313 | €312 | ▼ 0.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64,531 | €45,761 | €34,354 | €41,605 | €80,480 | ▲ 93.4% |
| Equity10/15 | €41,345 | €30,023 | €23,690 | €29,916 | €46,678 | ▲ 56.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | - | - | €6,200 | €6,200 | = |
| Other1109/19 | - | - | - | €6,200 | €6,200 | = |
| Reserves13 | €12,592 | €12,592 | €12,592 | €12,592 | €12,592 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €10,732 | €10,732 | €10,732 | €10,732 | = |
| Profit (loss) carried forward14 | €22,553 | €11,231 | €4,898 | €11,124 | €27,887 | ▲ 151% |
| Amounts payable17/49 | €23,186 | €15,738 | €10,665 | €11,689 | €33,802 | ▲ 189% |
| Amounts payable after more than one year17 | €10,604 | €12,822 | €9,407 | €9,281 | €25,343 | ▲ 173% |
| Financial debts170/4 | - | - | - | - | €21,699 | - |
| Other amounts payable178/9 | - | €12,822 | €9,407 | €9,281 | €3,643 | ▼ 60.7% |
| Amounts payable within one year42/48 | €12,527 | €2,859 | €1,194 | €2,344 | €8,459 | ▲ 261% |
| Current portion of amounts payable after more than one year42 | - | €2,296 | - | - | €5,596 | - |
| Trade debts44 | €2,173 | €563 | €1,194 | €2,344 | €1,383 | ▼ 41.0% |
| Suppliers440/4 | - | €563 | €1,194 | €2,344 | €1,383 | ▼ 41.0% |
| Taxes, remuneration and social security45 | - | - | - | - | €874 | - |
| Taxes450/3 | - | - | - | - | €874 | - |
| Other amounts payable47/48 | - | - | - | - | €607 | - |
| Accrued charges and deferred income492/3 | - | €57 | €64 | €64 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,070 | -€11,322 | -€6,333 | €6,226 | €16,762 | ▲ 169% |
| + Depreciation and write-downs630 | €11,502 | €10,661 | €1,106 | €1,072 | €7,890 | ▲ 636% |
| Operating cash flow (approximation) | €24,571 | -€661 | -€5,227 | €7,298 | €24,652 | ▲ 238% |
| Investment in fixed assets (approximation) | - | -€1,280 | -€496 | -€911 | -€54,100 | ▼ 5,841% |
| Change in cash | - | -€5,908 | -€11,142 | €5,082 | -€5,098 | ▼ 200% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-12
Financial
Highest result since 2018net €16,762 ▲169%
Operating result €18,631, net result €16,762, both a record.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
31-12
Financial
Back to profitnet €6,226
Net result €6,226 after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet -€11,322
Net result drops to -€11,322, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 13.95
Current ratio from 3.93 to 13.95; short-term debt falls from €12,527 to €2,859.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 65 days late
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 126 days late
2016
07-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 129 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Braine-le-Comte · 1 establishment unit since 2001
Ground area
1,182 m²
Building footprint
165 m²
Parcel 55016A0219/00L003, Wallonia. Linked by address, not a title deed.
1 establishment unit
AGC SPRL
since 20012.098.608.064
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55016A0219/00L003 | Wallonia | 1,182 m² | 1 · 165 m² | - |
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.
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Of 7,043 companies in sector 43221 we hold annual accounts for 3,472. 2,955 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-11-2001
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.