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Generated 24-07-2026
Active BE 0479.455.756Private limited company

AGECO

Naamsesteenweg 324 ·3800 Sint-Truiden, Belgium· 23 yrs active
Sector: Cleaning & landscape services (81300)
Conclusion Checked

The computed 12-month bankruptcy probability of AGECO is 0.7% (low). The 2024 annual accounts show equity of €404k and a net result of €35k. Equity is growing by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 30% of 1965 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €404k
Net result €35k
Staff (FTE) 9.5
Better than sector 30%
Snowflake analysis 5 axes · computed by Checked
Health41Profitability43Solvency19Growth78Stability100
56 / 100

Mixed profile: strong on stability, weaker on solvency.

Health 41
Profitability 43
Solvency 19
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.7% Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 2003, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
41 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 14-08-2025 with the NBB · fiscal year 2024 · micro
€0€100k€200kOperating result 2020: €81k€81kNet result 2020: €40k€40kOperating result 2021: €72k€72kNet result 2021: €43k€43kOperating result 2022: €46k€46kNet result 2022: €20k€20kOperating result 2023: €240k€240kNet result 2023: €138k€138kOperating result 2024: €99k€99kNet result 2024: €35k€35k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~25.3%/year over 7 fiscal years, indicative, assuming unchanged policy.
€0€200k€400k€600k€800k2025: €517k (€485k - €550k)2026: €648k (€616k - €680k)2027: €812k (€780k - €844k)2018: €107k2019: €131k2020: €168k2021: €211k2022: €231k2023: €369k2024: €404k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 81, Cleaning & landscape services · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 18.8% 36.6%
better than 30% of 1965 sector peers
Net result €35k €10k
better than 81% of 1957 sector peers
Equity €404k €29k
better than 95% of 1966 sector peers
Gross operating margin €886k €39k
better than 95% of 1955 sector peers
Staff costs €492k €35k
higher than 95% of 900 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€372k
-3.9% far above sector median
Net profit
€35k
-74.5% far above sector median
Cash flow
€307k
+8.2% far above sector median
Total assets
€2.15M
+24.6% far above sector median
Equity
€404k
+9.5% far above sector median
Working capital
€-201k
-235.4% far below sector median
Employees (FTE)
10
+48.4% far above sector median
Staff costs
€492k
+50.9% far above sector median
Income taxes
€15k
-79.3% far above sector median
Debt
€1.74M
+28.7% far above sector median
Debt ≤ 1y
€961k
+19.6% far above sector median
Debt > 1y
€781k
+42.0% far above sector median
Current ratio
0.79
-14.5% -74% vs sector
Quick ratio
0.79
-14.5% -74% vs sector
Solvency
18.8%
-12.1% -72% vs sector
Debt / equity
4.32
+17.5% far above sector median
ROE
8.7%
-76.7% +30% vs sector
ROA
1.6%
-79.6% -60% vs sector
Interest coverage
7.49
-39.2% -3% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€372k
Net profit€35k
Cash flow€307k
Staff costs€492k
Income taxes€15k
Dividends-
Total assets€2.15M
Equity€404k
Debt€1.74M
of which ≤ 1y€961k
of which > 1y€781k
Working capital€-201k
Employees (FTE)9.5
Ratios (computed)
2024
Current ratio0.79
Quick ratio0.79
Working capital ratio-9.4%
Solvency18.8%
Debt / equity4.32
Long-term debt ratio1.93
Interest coverage7.49
Gross margin-
Net margin-
ROA1.6%
ROE8.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€2.15M
Fixed assets 21/28€1.39M
Tangible fixed assets 22/27€1.38M
Financial fixed assets 28€10k
Current assets 29/58€760k
Amounts receivable within one year 40/41€571k
Cash & bank 54/58€189k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.15M
Equity 10/15€404k
Contributions / capital 10/11€20k
Reserves 13€380k
Accumulated profits (losses) 14€3k
Amounts payable 17/49€1.74M
Amounts payable after one year 17€781k
Amounts payable within one year 42/48€961k
Trade debts payable within one year 44€453k
Income statement
Gross operating margin 9900€886k
Operating result 9901€99k
Financial income 75€206
Financial charges 65€50k
Result before taxes 9903€50k
Income taxes 67/77€15k
Net result for the period 9904€35k
Result to be appropriated 9905€35k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Cleaning & landscape services(81300)
Legal form Private limited company(610)
Incorporation31-01-2003
StatusActive
Postal code3800
Establishment units 1 location
Ageco Bv
Naamsesteenweg 324, 3800 Sint-Truidenhet snoeien van bomen en heggen.
since 20032.126.262.467
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71353E0422/00C002 Flanders 3,120 m² 1 · 1,304 m² 9.7 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
14-08-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
28-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
19-09-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
16-02-2023
State Gazette act Director changes
Frank DE WILDE
2022
12-10-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
18-01-2022
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
30-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
05-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
30-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
09-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
29-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2023
16-02-2023 3 directors appointed Director changes·Frank DE WILDE
  • AELBERTS Gert Jacky, Bestuurder
  • AELBERTS Johan, Bestuurder
  • AELBERTS Tibo, Bestuurder
Notary: Frank DE WILDE · Gingelom
Technical details 
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  "notary": {
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    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-02-16",
    "filing_date": "2023-02-14",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2023-02-07",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0479.455.756",
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    "legal_form": "BV"
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  "co_filed_documents": [
    "Uitgifte van de akte",
    "Geco\u00F6rdineerde statuten"
  ],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken01410Metselwerk43910Uitvoeren van metsel- en voegwerken43994Landschapsverzorging81300Landschapsverzorging81300Recycling van niet-metaalafval37200Terugwinning van materialen uit afval38210Terugwinning van inerte afvalstoffen38323Schrijnwerk43320Schrijnwerk43320Metaalschrijnwerk45422Verhuur van landbouwmachines en -werktuigen71310Verhuur en lease van landbouwmachines en -werktuigen77310Verhuur en lease van landbouwmachines en -werktuigen77310
Primary activity highlighted.
Names & trade names
Legal nameNL AGECO
Registered office
Naamsesteenweg 324 bus B
3800 Sint-Truiden, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative