Equity
€5.1m from €11.1m in 2016
Equity fell by 54% in 9 years.
AGC MIRODAN BOUWGLAS
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991Turnoverpeak €18.2m (2022)
€14.0m▼ 9.4%
Resultpeak €4.5m (2010)
€684,999▼ 24.3%
Equitypeak €11.1m (2016)
€5.1m▲ 0.1%
Debts
€2.2m▼ 12.9%
Staffpeak 46.7 FTE (2012)
43.4 FTE▼ 2.3%
Board5 names since 2016
3 directorsSven Delaere and 2 others
Owners3 names in the annual accounts
99.98%AGC GLASS EUROPE and 1 other
Documentsfilings and deeds
16-06-202645 days before the deadline
2025financial year
Share transfer 16-05Dividend €678,000
Key points
from the 2025 annual accountsInvestments
€8,715 0.0 × depreciation
Green is investment, beige is depreciation.
Filings
35 annual accounts since 1991
The last five annual accounts were filed 35 to 50 days before the end of the period.
Checked score
95
Excellent
Financially stronger than 60% of small companies in non-metallic mineral products (NACE 23)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 233 companies (NACE 23, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.1%▼ -0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 3.18
lowers risk
Profit of €684,999 (financial year 2025)
Size: turnover €14.0m, 43.4 FTE, total assets €7.7m
Founded in 1990
Calculation
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 23, small). It does better than 72% of them on solvency, 93% on liquidity, 47% on profitability and 26% on growth.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2025.
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).
Comparable companies, two years later
In July 2024, 20,136 companies had the same profile as AGC MIRODAN BOUWGLAS has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of AGC MIRODAN BOUWGLAS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 20,136 companies, not a prediction for AGC MIRODAN BOUWGLAS. 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.
Credit verdict
Credit of up to €480,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.18 (2.9 in 2024), above the usual 1.5. Short-term debt is 27.8% of total assets. 33.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €5.1m
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 days early
2024
50 days early
2023
42 days early
2022
35 days early
2021
40 days early
2020
50 days early
2019
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 41 days before the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 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 20 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
RI
RSM Interaudit BV
Auditor, Stijn Van Herbruggen
- AGC GLASS EUROPE 99.98%score 68equity €397.3m (2025) · 2025 annual accounts of AGC GLASS EUROPE
- Asahi Glass Co LTD consolidatesannual accounts 2025
- AGC Glass Europe Sales NV 0.02%score 68equity €742,091 (2025) · annual accounts 2020
Recent changes
3 directors reappointed, 1 statutory auditor reappointed
Sven Delaere (managing director), Paul Vanhoutte (managing director), Emmanuël Lievens and RSM InterAudit BV (statutory auditor) · General meeting of 05-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0441099283
Share transfer
Transfer of shares to AGC Glass Europe N.V. · AGC Glass Europe N.V. holds all the shares · Gazette deed
2 directors appointed, 1 resignation, 2 reappointments, 1 statutory auditor reappointed
Reappointments: Sven Delaere, Emmanuël Lievens and RSM InterAudit CVBA (statutory auditor) · Resignation: Yves Deleye · Appointments: Paul Vanhoutte (managing director) and Sven Delaere (managing director) · General meeting of 02-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| AGC MIRODAN BOUWGLAS Kortrijk | €14.0m | 5.9% | 66.3% | 43.4 |
| Scheuten Glas Diest Diest | €12.1m | -9.5% | 1.1% | 45.4 |
| GIJBELS & CO Beringen | €11.3m | 8.6% | 81.7% | 31.2 |
| BOYD Nivelles Nivelles | €13.9m | 21.5% | 63.1% | 40 |
| Gijbels NV Glasindustrie Beringen | €8.2m | 5.1% | 65.8% | 39.5 |
| EUROGLAS - DE LANDTSHEER Bornem | €23.9m | -5.7% | 34.9% | 60.1 |
| DEKNUDT MIRROR WORKS Deerlijk | - | - | 48.1% | 57.9 |
Grey: the largest companies of the sector (non-metallic mineral products (NACE 23)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as AGC MIRODAN BOUWGLAS: manufacture of other non-metallic mineral products (NACE 23120). They are comparable in size and age: total assets between €3.4m and €14m, founded between 1968 and 1991.
Official details
Source: KBO- Status
- Active since 10-07-1990Normal situation
- Activity
- Manufacture of other non-metallic mineral productsNACE 23120and 1 other
- Joint committees
- 115Glass industry
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.049.256.8408501 Kortrijk, since 16-08-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 24-09-2025
Annual accounts 2025
- Total assets
- €7.7m▼ 4.2%
- Employeeson 31-12-2025
- 46▲ 2.2%
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Insights on AGC MIRODAN BOUWGLAS
AGC MIRODAN BOUWGLAS has existed since 1990. Turnover grew from €9.5m in 2006 to €14.0m in 2025.
Turnover has fallen every year since 2022.
AGC GLASS EUROPE holds all the shares. In August 2023, the Official Gazette published the appointment of Sven Delaere as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AGC MIRODAN BOUWGLAS
- What is the company number of AGC MIRODAN BOUWGLAS?
- The company number of AGC MIRODAN BOUWGLAS is 0441.099.283. The VAT number is the same number with BE in front: BE 0441.099.283.
- Where is AGC MIRODAN BOUWGLAS based?
- The registered office is at Izegemsestraat 375, 8501 Kortrijk.Company details
- What does AGC MIRODAN BOUWGLAS do?
- According to the KBO register, the main activity is manufacture of other non-metallic mineral products (NACE 23120).
- What is the legal form of AGC MIRODAN BOUWGLAS?
- AGC MIRODAN BOUWGLAS is a public limited company (NV).
- When was AGC MIRODAN BOUWGLAS founded?
- AGC MIRODAN BOUWGLAS was founded on 10-07-1990.
- Is AGC MIRODAN BOUWGLAS still active?
- Yes, AGC MIRODAN BOUWGLAS is an active enterprise in the KBO register.
- How many employees does AGC MIRODAN BOUWGLAS have?
- AGC MIRODAN BOUWGLAS had an average of 43.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does AGC MIRODAN BOUWGLAS fall under?
- In its 2025 annual accounts, AGC MIRODAN BOUWGLAS states joint committees 115 (Glass industry), 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of AGC MIRODAN BOUWGLAS?
- The turnover of AGC MIRODAN BOUWGLAS was €14.0m in financial year 2025, according to the filed annual accounts.
- Is AGC MIRODAN BOUWGLAS profitable?
- In financial year 2025, AGC MIRODAN BOUWGLAS made a profit of €684,999.
- Where can I find the annual accounts of AGC MIRODAN BOUWGLAS?
- AGC MIRODAN BOUWGLAS filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AGC MIRODAN BOUWGLAS due?
- AGC MIRODAN BOUWGLAS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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