AGC Processing Belgium
ActiveAGC Processing Belgium has been active since 1928 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.64M and a net result of €-346k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 85% of 318 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability3▼-63
Solvency81▼-4
Growth63▼-5
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days only on tighter terms
Liquidity tight (current ratio 1.16 against 1.3 in 2023), and 23.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
43 d early
2022
41 d early
2021
52 d early
2020
36 d early
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€11.83M▼ 20.4%
2023 · €14.85M
2018: €11.97M
2019: €12.60M
2020: €11.05M
2021: €11.47M
2022: €13.39M
2023: €14.85M
2018 → 2024
EBIT margin
-1.5%▼ 5.2pp
2023 · 3.7%
2018: 0.5%
2019: 0.2%
2020: 2.4%
2021: 0.1%
2022: 1.4%
2023: 3.7%
2018 → 2024
Net result
€-346k
2023 · €1.53M
2018: €-710k
2019: €-546k
2020: €-21k
2021: €-104k
2022: €760k
2023: €1.53M
2018 → 2024
Working capital
€305k▼ 71.5%
2023 · €1.07M
2018: €-3.67M
2019: €-3.43M
2020: €-3.01M
2021: €442k
2022: €487k
2023: €1.07M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€11.05M-€11.47M▲ 3.8%€13.39M▲ 16.7%€14.85M▲ 10.9%€11.83M▼ 20.4%
Equity€4.80M-€4.69M▼ 2.2%€5.45M▲ 16.2%€6.98M▲ 28.0%€6.64M▼ 5.0%
Operating result€266k-€10k▼ 96.1%€182k▲ 1,651%€556k▲ 205%€-176k
Net result€-21k-€-104k▼ 399%€760k€1.53M▲ 101%€-346k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €176k after €556k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.64M
Fixed assets
€6.43M▲ 6.9%
Current assets
€2.20M▼ 52.0%
Equity and liabilities €8.64M
Equity
€6.64M▼ 5.0%
Provisions
€42k▼ 6.4%
Debt
€1.96M▼ 45.4%
The debt ratio falls from 33.8% to 22.7%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-84k▼
2023 · €630k
Cash flow
€-254k▼
2023 · €1.60M
Solvency
76.9%▲
2023 · 65.8%
Current ratio
1.16▼
2023 · 1.30
Quick ratio
0.78▼
2023 · 1.07
Debt / equity
0.29▼
2023 · 0.51
ROE
-5.2%▼
2023 · 21.9%
ROA
-4.0%▼
2023 · 14.4%
Interest coverage
-2.43▼
2023 · 18.26
Debt
€1.96M▼
2023 · €3.58M
Debt ≤ 1 year
€1.90M▼
2023 · €3.52M
Income taxes
€150k▲
2023 · €904
Staff costs
€2.54M▲
2023 · €2.45M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€10.61M€8.64M▼
Fixed assets21/28€6.02M€6.43M▲
Tangible fixed assets22/27€977k€1.39M▲
Land and buildings22€860k€840k▼
Plant, machinery and equipment23€50k€541k▲
Furniture and vehicles24€499€5k▲
Leasing and similar rights25€40k€4k▼
Assets under construction and advance payments27€26k-
Financial fixed assets28€5.04M€5.04M=
Affiliated companies280/1€5.04M€5.04M=
Participating interests280€5.04M€5.04M=
Other financial fixed assets284/8€334€334=
Shares284€64€64=
Amounts receivable and cash guarantees285/8€270€270=
Current assets29/58€4.59M€2.20M▼
Amounts receivable after more than one year29€34k€31k▼
Other amounts receivable291€34k€31k▼
Stocks and contracts in progress3€833k€722k▼
Stocks30/36€833k€722k▼
Raw materials and consumables30/31€656k€596k▼
Work in progress32-€3k
Finished goods33€55k€48k▼
Goods purchased for resale34€121k€75k▼
Amounts receivable within one year40/41€3.68M€1.40M▼
Trade receivables40€1.90M€1.23M▼
Other amounts receivable41€1.78M€175k▼
Cash at bank and in hand54/58€24k€2k▼
Deferred charges and accrued income490/1€19k€47k▲
Equity and liabilities
Total equity and liabilities10/49€10.61M€8.64M▼
Equity10/15€6.98M€6.64M▼
Contributions10/11€6.61M€6.61M=
Capital10€6.61M€6.61M=
Issued capital100€6.61M€6.61M=
Reserves13€73k€73k=
Non-distributable reserves130/1€62k€62k=
Legal reserve130€62k€62k=
Tax-exempt reserves132€11k€11k=
Profit (loss) carried forward14€303k€-43k▼
Provisions and deferred taxes16€45k€42k▼
Provisions for liabilities and charges160/5€45k€42k▼
Other liabilities and charges164/5€45k€42k▼
Amounts payable17/49€3.58M€1.96M▼
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Leasing and similar obligations172€4k-
Amounts payable within one year42/48€3.52M€1.90M▼
Current portion of amounts payable after more than one year42€23k€4k▼
Financial debts43€631k€631k=
Other loans439€631k€631k=
Trade debts44€2.34M€874k▼
Suppliers440/4€2.34M€874k▼
Taxes, remuneration and social security45€528k€389k▼
Taxes450/3€88k€56k▼
Remuneration and social security454/9€440k€333k▼
Other amounts payable47/48€143€88▼
Accrued charges and deferred income492/3€56k€58k▲
Income statement
Code20232024
Operating income70/76A€14.97M€11.99M▼
Turnover70€14.85M€11.83M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-31k€-4k▲
Other operating income74€149k€169k▲
Non-recurring operating income76A€6k-
Operating charges60/66A€14.42M€12.17M▼
Goods for resale, raw materials and consumables60€9.71M€7.48M▼
Purchases600/8€9.62M€7.38M▼
Change in stocks: decrease (increase)609€88k€99k▲
Services and other goods61€2.06M€1.94M▼
Remuneration, social security and pensions62€2.45M€2.54M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€92k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€30k€7k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-6k€-3k▲
Other operating charges640/8€96k€99k▲
Non-recurring operating charges66A-€10k
Operating profit (loss)9901€556k€-176k▼
Financial income75/76B€1.01M€18k▼
Recurring financial income75€11k€18k▲
Income from current assets751€11k€18k▲
Other financial income752/9€0€1▲
Non-recurring financial income76B€1.00M-
Financial charges65/66B€37k€38k▲
Recurring financial charges65€37k€38k▲
Debt charges650€34k€35k▲
Other financial charges652/9€3k€3k▲
Profit (loss) for the period before taxes9903€1.53M€-196k▼
Income taxes67/77€904€150k▲
Taxes670/3€1k€150k▲
Tax adjustments and reversals of tax provisions77€96-
Profit (loss) for the period9904€1.53M€-346k▼
Profit (loss) for the period to be appropriated9905€1.53M€-346k▼
Appropriation of the result
Profit (loss) to be appropriated9906€319k€-43k▼
Profit (loss) brought forward from the previous period14P€-1.21M€303k▲
Transfer to equity691/2€16k-
To the legal reserve6920€16k-
Social balance
Average headcount (FTE)908741.143.5▲
The notes to these accounts (64 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €1.53M ▲101%
Operating result €556k, net result €1.53M, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €760k
Net result €760k after 4 loss-making years.
31-12
Financial
Equity above €5MEq €5.45M ▲16.2%
Equity rises from €4.69M to €5.45M.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity triplescurrent ratio 1.19
Current ratio from 0.47 to 1.19; short-term debt falls from €5.64M to €2.35M.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
34 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, Sint-Pieters-Leeuw · 2 establishment units since 1935
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bergensesteenweg 4701600 Sint-Pieters-LeeuwGround area
2.4 ha
Building footprint
8,103 m²
Volume, LiDAR
81,243 m³
2 parcels, Flanders · tallest building 12.3 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Bergensesteenweg 470, 1600 Sint-Pieters-Leeuw
since 19352.003.623.585
AGC Processing Belgium - Melle
since 20092.183.506.622
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0432/00H000 | Flanders | 2.0 ha | 1 · 6,101 m² | 12.3 m · 4 fl. |
| 44024A0001/00C000 | Flanders | 4,354 m² | 1 · 2,002 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryAGC Processing Belgium NV44463
Similar companies · same sector, comparable size
Gijbels NV Glasindustrie
BE 0442.341.180
Beringen · Eq €6.09M
POLYPANE GLASINDUSTRIE
BE 0412.801.613
Sint-Niklaas · Eq €7.43M
BOYD Nivelles
BE 0403.066.771
Nivelles · Eq €5.85M
Meyvaert
BE 0400.098.274
Gent · Eq €5.52M
SPRIMOGLASS
BE 0414.922.943
Sprimont · Eq €8.39M
Of 101 companies in sector 23120 we hold annual accounts for 55. 25 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-05-1928
Fiscal year end31-12
Activities, NACEBEL
23120Manufacture of other non-metallic mineral products
23150Manufacture of other non-metallic mineral products
23190Manufacture of other non-metallic mineral products
43320Joinery installation
43343Specialised construction activities
46834Wholesale trade
47553Retail trade
47593Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.