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AGDF

Active
Private limited companyfounded 20242 yrs activeGratèsstraat 24, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 1011.722.965
Summary

The computed 12-month bankruptcy probability of AGDF is 1.7% (moderate). The 2025 annual accounts show equity of €1.7m and a net result of €1.1m. Its solvency ranks better than 90% of 81 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+10
Growth78
Track record82
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days only on tighter terms
Liquidity ample (current ratio 9.27 against 2.84 in 2024; short-term debt: 10.8% and cash: 87.9% of total assets), and 10.8% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
89.2%
Return on assets
55%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Manufacture of motor vehicles, trailers and semi-trailers (NACE 29)
about 8% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 2 filings
Deviation from the deadline
2025
27 d late
2024
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 18 July 2024, AGDF was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€1.7m▲ 161%
2024 · €655,186
Total assets
€1.9m▲ 89.5%
2024 · €1.0m
Net result
€1.1m▲ 74.3%
2024 · €605,186
Working capital
€1.7m▲ 161%
2024 · €655,186
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€796,792-€1.4m▲ 74.3%
Net result€605,186above the sector's middle half-€1.1mabove the sector's middle half▲ 74.3%
Equity€655,186within the sector's middle half-€1.7mabove the sector's middle half▲ 161%
Total assets€1.0mwithin the sector's middle half-€1.9mwithin the sector's middle half▲ 89.5%
Debt€356,205-€207,203▼ 41.8%
Working capital€655,186within the sector's middle half-€1.7mabove the sector's middle half▲ 161%
Solvency64.8%within the sector's middle half-89.2%above the sector's middle half▲ 24.4pp
Current ratio2.84within the sector's middle half-9.27above the sector's middle half▲ 6.43
Return on assets (ROA)59.8%above the sector's middle half-55.0%above the sector's middle half▼ 4.8pp
above within below the middle half (P25 to P75) of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€500,000€1.0m€1.5mOperating result 2024: €796,792€796,792Net result 2024: €605,186€605,186Operating result 2025: €1.4m€1.4mNet result 2025: €1.1m€1.1m20242025€0€500,000€1m€1.5mOperating result 2024: €796,792€797,000Net result 2024: €605,186€605,000Operating result 2025: €1.4m€1.4mNet result 2025: €1.1m€1.1m20242025
The operating result rises in 2025; 2025 is 74% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.9m
Equity €1.7m ▲ 161%
Debt €207,203 ▼ 41.8%
Debt's share of the balance-sheet total falls from 35.2% to 10.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.12▼
2024 · 0.54
ROE
61.7%▼
2024 · 92.4%
Debt ≤ 1 year
€206,803▼
2024 · €356,205
Income taxes
€337,999▲
2024 · €191,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,126 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.8% went bankrupt
1.9% stopped otherwise
97% still going

For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,126 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.0m€1.9m▲
Current assets29/58€1.0m€1.9m▲
Stocks and contracts in progress3€281,100-
Stocks30/36€281,100-
Amounts receivable within one year40/41€538,649€12,568▼
Trade receivables40€530,149€4,115▼
Other amounts receivable41€8,500€8,454▼
Current investments50/53-€219,746
Cash at bank and in hand54/58€191,641€1.7m▲
Equity and liabilities
Total equity and liabilities10/49€1.0m€1.9m▲
Equity10/15€655,186€1.7m▲
Contributions10/11€50,000€50,000=
Reserves13€210,500€631,500▲
Tax-exempt reserves132€210,500€631,500▲
Profit (loss) carried forward14€394,686€1.0m▲
Amounts payable17/49€356,205€207,203▼
Amounts payable within one year42/48€356,205€206,803▼
Trade debts44€197,740€109,808▼
Suppliers440/4€197,740€109,808▼
Taxes, remuneration and social security45€108,465€26,995▼
Taxes450/3€108,465€26,995▼
Other amounts payable47/48€50,000€70,000▲
Accrued charges and deferred income492/3-€400
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,609-
Other operating charges640/8-€573
Gross operating margin9900€798,401€1.4m▲
Operating profit (loss)9901€796,792€1.4m▲
Financial income75/76B-€6,176
Recurring financial income75-€6,176
Financial charges65/66B€106€2,334▲
Recurring financial charges65€106€2,334▲
Profit (loss) for the period before taxes9903€796,686€1.4m▲
Income taxes67/77€191,500€337,999▲
Profit (loss) for the period9904€605,186€1.1m▲
Transfer to tax-exempt reserves689€210,500€421,000▲
Profit (loss) for the period to be appropriated9905€394,686€633,674▲
Appropriation of the result
Profit (loss) to be appropriated9906€394,686€1.0m▲
Profit (loss) brought forward from the previous period14P-€394,686

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,609--
Other operating charges640/8-€573-
Gross operating margin9900€798,401€1.4m▲ 74.0%
Operating profit (loss)9901€796,792€1.4m▲ 74.3%
Financial income75/76B-€6,176-
Recurring financial income75-€6,176-
Financial charges65/66B€106€2,334▲ 2,093%
Recurring financial charges65€106€2,334▲ 2,093%
Profit (loss) for the period before taxes9903€796,686€1.4m▲ 74.8%
Income taxes67/77€191,500€337,999▲ 76.5%
Profit (loss) for the period9904€605,186€1.1m▲ 74.3%
Transfer to tax-exempt reserves689€210,500€421,000▲ 100%
Profit (loss) for the period to be appropriated9905€394,686€633,674▲ 60.6%
Line20242025Change
Assets
Total assets20/58€1.0m€1.9m▲ 89.5%
Current assets29/58€1.0m€1.9m▲ 89.5%
Stocks and contracts in progress3€281,100--
Stocks30/36€281,100--
Amounts receivable within one year40/41€538,649€12,568▼ 97.7%
Trade receivables40€530,149€4,115▼ 99.2%
Other amounts receivable41€8,500€8,454▼ 0.5%
Current investments50/53-€219,746-
Cash at bank and in hand54/58€191,641€1.7m▲ 779%
Equity and liabilities
Total equity and liabilities10/49€1.0m€1.9m▲ 89.5%
Equity10/15€655,186€1.7m▲ 161%
Contributions10/11€50,000€50,000=
Reserves13€210,500€631,500▲ 200%
Tax-exempt reserves132€210,500€631,500▲ 200%
Profit (loss) carried forward14€394,686€1.0m▲ 161%
Amounts payable17/49€356,205€207,203▼ 41.8%
Amounts payable within one year42/48€356,205€206,803▼ 41.9%
Trade debts44€197,740€109,808▼ 44.5%
Suppliers440/4€197,740€109,808▼ 44.5%
Taxes, remuneration and social security45€108,465€26,995▼ 75.1%
Taxes450/3€108,465€26,995▼ 75.1%
Other amounts payable47/48€50,000€70,000▲ 40.0%
Accrued charges and deferred income492/3-€400-
Line20242025Change
Profit (loss) for the period9904€605,186€1.1m▲ 74.3%
+ Depreciation and write-downs630€1,609--
Operating cash flow (approximation)€606,794€1.1m▲ 73.8%
Change in cash-€1.5m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial Liquidity triplescurrent ratio 9.27
Current ratio from 2.84 to 9.27; short-term debt falls from €356,205 to €206,803.
31-12
Financial Equity above €1mEq €1.7m ▲161%
2 profitable years in a row build equity to €1.7m.
30-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Watermaal-Bosvoorde · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
185 m²
Building footprint
75 m²
Volume, LiDAR
665 m³
Parcel 21017D0058/00W000, Brussels · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Gratèsstraat 24, 1170 Watermaal-Bosvoorde
Manufacture of motor vehicles, trailers and semi-trailers
since 20242.363.523.774
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21017D0058/00W000 Brussels 185 m² 1 · 75 m² 13.3 m · 4 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.

Recognitions · licences · registrations

Legal Entity Identifier

875500AAOS3YQXZHIW70
live in the LEI register

Similar companies · same sector, comparable size

Of 248 companies in sector 29201 we hold annual accounts for 120. 68 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
Founded18-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
29201Manufacture of motor vehicles, trailers and semi-trailers
29320Manufacture of motor vehicles, trailers and semi-trailers
47820Retail sale of motor vehicle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID 0208:1011722965
Also 9925:BE1011722965
Registered 04-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.