Financials
- Financial year
- 2025
- Turnover
- €2.5m
- Profit
- €6.7m
- Solvency
- -3285.3%
Turnover▼ 66.0%
Net result
20182025
AGC MIRODAN
ActiveSummary
The computed 12-month bankruptcy probability of AGC MIRODAN is 2.1% (moderate). The 2025 annual accounts show negative equity (-€20.3m) and a net result of €6.7m. Equity is shrinking by about 21% per year across the filed financial years. Its solvency ranks better than 5% of 356 sector peers (NACE 23, financial year 2025). The company has been active since 1954 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Manufacture of other non-metallic mineral products
NACE 23110Manufacture of other non-metallic mineral products NACE 23120
#1 oldest company in Kortrijk, Manufacturing sector1 site
Size
€11.5moperating income 2025
- Staff
- 28.3 FTE
- Equity
- -€20.3m
- Profit
- €6.7m
Structure
- Parent
- AGC GLASS EUROPE · 100%
- Paul VanhoutteChair
- LIEVENS EmmanuelDirector
Auditor: RSM Interaudit BVAccounts 53 days early
Why 53raises riskNegative equity -€20.3mLiquidity: current ratio 0.03, cash €102, halved1 change of registered office in 24 monthslowers riskSector: Manufacture of other non-metallic mineral products (NACE 23)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 37% of its sector peers (NACE 23, small)
Financial strength · tick = 2024
Weak
Solvency
0=
equity -3285.3% of total assets
Liquidity
0=
short-term debt 3178.7% · cash 0.0%
Profitability
100+100
return on assets 1084.5%
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.5%
12-2024: 3.5%● unchanged vs 11-2024
01-2025: 3.5%● unchanged vs 12-2024
02-2025: 3.5%● unchanged vs 01-2025
03-2025: 3.5%● unchanged vs 02-2025
04-2025: 3.5%● unchanged vs 03-2025
05-2025: 3.5%● unchanged vs 04-2025
06-2025: 3.6%▲ +0.1 percentage points vs 05-2025
07-2025: 3.7%▲ +0.1 percentage points vs 06-2025
08-2025: 3.9%▲ +0.2 percentage points vs 07-2025
09-2025: 3.9%● unchanged vs 08-2025
10-2025: 3.9%● unchanged vs 09-2025
11-2025: 3.9%● unchanged vs 10-2025
12-2025: 3.9%● unchanged vs 11-2025
01-2026: 5.0%▲ +1.1 percentage points vs 12-2025highest value
02-2026: 5.0%● unchanged vs 01-2026highest value
03-2026: 5.0%● unchanged vs 02-2026highest value
04-2026: 5.0%● unchanged vs 03-2026highest value
05-2026: 4.7%▼ -0.3 percentage points vs 04-2026
06-2026: 4.7%● unchanged vs 05-2026
07-2026: 2.1%▼ -2.6 percentage points vs 06-2026lowest value
08-2026: 2.1%● unchanged vs 07-2026lowest value
09-2026: 2.1%● unchanged vs 08-2026lowest value
10-2026: 2.1%● unchanged vs 09-2026lowest value
No credit on open account
Liquidity insufficient (current ratio 0.03, compared with 0.05 in 2024; cash: 0% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 23, small): better than 2% on solvency, 0% on liquidity, 99% on profitability and 47% on growth.
The bankruptcy probability was computed on 09-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 356 sector peers (2025).
NBB · sector comparisonPosition among 356 sector peers
Solvency
better than 5%
← weakest
strongest →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 days early
2024
16 days early
2023
33 days early
2022
52 days early
2021
16 days early
2020
18 days early
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days before the deadline; the sector median (NACE 23) for financial year 2024 is 11 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
- Resignations & appointmentsPower of attorney
- Annual accounts filedfinancial year 2025 · full…
- Reappointment: RSM InterAudit BV (statutory auditor)Shareholding
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€20.3m View
- Caution: Turnover fell in 2025from €7.4m to €2.5m ▼ 66.0% View
- Caution: Among the weakest 5% on solvencysector median 46.9% · 356 companies -3285.3% View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Controlled by AGC GLASS EUROPEultimately: AGC INC 100% View
- Active since 1954founded 03-05-1954 72 years View
By topic
Board & ownership
- Board
- 2 members
- Parent
- AGC GLASS EUROPE · 100%
- Auditor
- RSM Interaudit BV
- Paul VanhoutteChair
- LIEVENS EmmanuelDirector
Network & group
- Group
- AGC INC
- Connected companies
- 9
Timeline
- Events
- 89
- Since
- 1978
- Next accounts
- by 31-07-2027
- 31-12-2025Back to profit
- 15-12-2025Registered office
- 16-10-2025Resignation: Jelle Proot (director)
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of other non-metallic mineral productsNACE 23110
- Founded
- 03-05-1954
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 4
- Purpose
- Aan- en verkoop in het groot en in het klein, zowel in binnen- als buitenland, bewerken en…
Go further with this company
How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check 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 Which other companies belong to the same group?AGC株式会社 · 15 companies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.