AGEC
ActiveThe computed 12-month bankruptcy probability of AGEC is 4.1% (elevated). The 2025 annual accounts show equity of €11k and a net result of €7k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 27358 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
61
/ 100
Healthy▼ -1 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency34▼-66
Growth78▲+46
Stability92
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.4 against 4.15 in 2024), and 70.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 43
higher
← 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
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
50 d early
2023
9 d early
2022
21 d early
2021
3 d early
2020
19 d late
2019
26 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
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 monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▲ 138%
2024 · €5k
2018: €6k
2019: €6k
2020: €6k
2021: €9k
2022: €6k
2023: €9k
2024: €5k
2018 → 2025
Total assets
€39k▲ 521%
2024 · €6k
2018: €20k
2019: €14k
2020: €12k
2021: €16k
2022: €8k
2023: €26k
2024: €6k
2018 → 2025
Net result
€7k
2024 · €-5k
2018: €3k
2019: €191
2020: €-42
2021: €3k
2022: €-3k
2023: €3k
2024: €-5k
2018 → 2025
Working capital
€-16k
2024 · €5k
2018: €6k
2019: €6k
2020: €6k
2021: €9k
2022: €6k
2023: €9k
2024: €5k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€6k▼ 31.3%€9k▲ 51.4%€5k▼ 49.9%€11k▲ 138%
Operating result€3k-€-3k€3k€-5k€7k
Net result€3k-€-3k€3k€-5k€7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7k after a loss of €5k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39k
Fixed assets
€28k
Current assets
€11k
Equity and liabilities €39k
Equity
€11k▲ 138%
Debt
€27k▲ 1,724%
The debt ratio rises from 24.1% to 70.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€7k
Cash flow
€7k
Solvency
29.2%▼
2024 · 75.9%
Current ratio
0.40▼
2024 · 4.15
Quick ratio
0.40▼
2024 · 4.15
Debt / equity
2.43▲
2024 · 0.32
ROE
58.1%▲
2024 · -99.6%
ROA
16.9%▲
2024 · -75.6%
Interest coverage
17.54
Debt
€27k▲
2024 · €1k
Debt ≤ 1 year
€27k▲
2024 · €1k
Income taxes
€1
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6k€39k▲
Fixed assets21/28-€28k
Tangible fixed assets22/27-€28k
Plant, machinery and equipment23-€877
Furniture and vehicles24-€27k
Current assets29/58€6k€11k▲
Amounts receivable within one year40/41€5k€7k▲
Trade receivables40€3k€2k▼
Other amounts receivable41€2k€5k▲
Cash at bank and in hand54/58€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€6k€39k▲
Equity10/15€5k€11k▲
Contributions10/11€6k€6k=
Reserves13€3k€3k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€760€760=
Profit (loss) carried forward14€-4k€2k▲
Amounts payable17/49€1k€27k▲
Amounts payable within one year42/48€1k€27k▲
Financial debts43-€27k
Credit institutions430/8-€27k
Trade debts44€41€55▲
Suppliers440/4€41€55▲
Taxes, remuneration and social security45€1k€160▼
Taxes450/3€1k€160▼
Other amounts payable47/48€318€458▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€460
Other operating charges640/8€515€128▼
Gross operating margin9900€-4k€8k▲
Operating profit (loss)9901€-5k€7k▲
Financial income75/76B€3€17▲
Recurring financial income75€3€17▲
Financial charges65/66B€199€422▲
Recurring financial charges65€199€422▲
Profit (loss) for the period before taxes9903€-5k€7k▲
Income taxes67/77-€1
Profit (loss) for the period9904€-5k€7k▲
Profit (loss) for the period to be appropriated9905€-5k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€2k▲
Profit (loss) brought forward from the previous period14P€611€-4k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
27-10
KBO administration
Address struck
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-5k ▼247%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 4.15
Current ratio from 1.58 to 4.15; short-term debt falls from €16k to €1k.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 4.73
Current ratio from 2.32 to 4.73; short-term debt falls from €7k to €2k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
17-11-2025
GRUSZFELD, Adam: Resigned as Manager
17-11-2025
GRUSZFELD, Wioletta: Resigned as Manager
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2006
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.
Karreveldlaan 611080 Sint-Jans-MolenbeekGround area
677 m²
Building footprint
337 m²
Volume, LiDAR
5,265 m³
2 parcels, Brussels · tallest building 18.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
AGEC
since 20062.153.078.019
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0069/02N003 | Brussels | 508 m² | 1 · 228 m² | 18.2 m · 5 fl. |
| 21383B0031/00G033 | Brussels | 169 m² | 1 · 109 m² | 18.9 m · 5 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.
Similar companies · same sector, comparable size
DR DEMOLITION
BE 1005.144.781
Hensies · Eq €11k
AMEGA AD
BE 1021.886.189
Grimbergen · Eq €11k
DECO CASTRO
BE 0480.685.181
Anderlecht · Eq €11k
TCA CONSTRUCTIONS
BE 0465.177.851
Erquelinnes · Eq €12k
DENKA-INVEST
BE 1007.608.086
Aalst · Eq €11k
Of 1,347 companies in sector 43110 we hold annual accounts for 620. 297 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-04-2006
Fiscal year end31-12
Activities, NACEBEL
43110Demolition
45111
43120Site preparation
43130Specialised construction activities
43240Other construction installation
43299Specialised construction activities
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
45112
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.