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AGEM Vastgoedmakelaars

Active
Private limited company (pre-2019)founded 198343 yrs activePuienbroeklaan 6, 8310 Brugge, BelgiumKBO/BCE: BE 0423.783.201
Summary

AGEM Vastgoedmakelaars has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €36,392 and a net result of -€5,363. Equity is shrinking by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 121 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2026
Axes · tick = 2025
Profitability6▼-26
Solvency100▲+36
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 6.96 against 1.64 in 2025; short-term debt: 14.4% and cash: 94.1% of total assets), and 14.4% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 43 years 0 50 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2026
Solvency, return and age of the figures
Solvency
85.6%
Return on assets
-12.6%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026
Net result per financial year
1920212223242526
2019 to 2026 · latest year -€5,363
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 31-08-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
on the day
2025
104 d early
2024
18 d late
2023
29 d late
2022
30 d late
2021
55 d late
2020
70 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 7 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 31-01-2027 and is due by 31-08-2027. Nothing is late today. Usually files around 19 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-01-2027 close31-08-2027 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 10 March 1983, AGEM Vastgoedmakelaars was incorporated.1 Total assets went from EUR 380,276 in 2019 to EUR 42,499 in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2026

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Financials · fiscal year 2026, abbreviated schema

Equity
€36,392▼ 12.8%
2025 · €41,755
Total assets
€42,499▼ 60.2%
2025 · €106,778
Net result
-€5,363▼ 129%
2025 · -€2,346
Working capital
€36,395▼ 12.8%
2025 · €41,755
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 68, Real estate activities, 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), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20222023202420252026
Operating result€574-€3,919€151,843-€6,063-€5,212▲ 14.0%
Net result€162within the sector's middle half-€4,081within the sector's middle half€107,007above the sector's middle half-€2,346within the sector's middle half-€5,363▼ 129%
Equity€162,010within the sector's middle half▼ 3.8%€150,928within the sector's middle half▼ 6.8%€100,522within the sector's middle half▼ 33.4%€41,755below the sector's middle half▼ 58.5%€36,392▼ 12.8%
Total assets€277,424below the sector's middle half▼ 15.9%€157,651below the sector's middle half▼ 43.2%€258,724below the sector's middle half▲ 64.1%€106,778below the sector's middle half▼ 58.7%€42,499▼ 60.2%
Debt€115,414▼ 28.5%€6,723▼ 94.2%€158,202▲ 2,253%€65,023▼ 58.9%€6,108▼ 90.6%
Working capital€106,017within the sector's middle half▼ 4.3%€96,541within the sector's middle half▼ 8.9%€100,522within the sector's middle half▲ 4.1%€41,755within the sector's middle half▼ 58.5%€36,395▼ 12.8%
Solvency58.4%within the sector's middle half▲ 7.3pp95.7%above the sector's middle half▲ 37.3pp38.9%within the sector's middle half▼ 56.9pp39.1%within the sector's middle half▲ 0.3pp85.6%▲ 46.5pp
Current ratio1.92within the sector's middle half▲ 0.2315.36above the sector's middle half▲ 13.441.64within the sector's middle half▼ 13.731.64within the sector's middle half▲ 0.016.96▲ 5.32
Return on assets (ROA)0.1%within the sector's middle half▲ 0.6pp-2.6%below the sector's middle half▼ 2.6pp41.4%above the sector's middle half▲ 43.9pp-2.2%below the sector's middle half▼ 43.6pp-12.6%▼ 10.4pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, 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
-€50,000€0€50,000€100,000€150,000Operating result 2022: €574€574Net result 2022: €162€162Operating result 2023: -€3,919-€3,919Net result 2023: -€4,081-€4,081Operating result 2024: €151,843€151,843Net result 2024: €107,007€107,007Operating result 2025: -€6,063-€6,063Net result 2025: -€2,346-€2,346Operating result 2026: -€5,212-€5,212Net result 2026: -€5,363-€5,36320222023202420252026-€50,000€0€50,000€100,000€150,000Operating result 2024: €151,843€152,000Net result 2024: €107,007€107,000Operating result 2025: -€6,063-€6,060Net result 2025: -€2,346-€2,350Operating result 2026: -€5,212-€5,210Net result 2026: -€5,363-€5,360202420252026
The operating result stays negative: a loss of €5,212 in 2026 against €6,063 in 2025; the loss shrinks.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €42,499
Equity €36,392 ▼ 12.8%
Debt €6,108 ▼ 90.6%
Debt's share of the balance-sheet total falls from 60.9% to 14.4%. Equity and debt are lower.
Key figures and ratios
2026 value · change against 2025
Debt to equity
0.17▼
2025 · 1.56
ROE
-14.7%▼
2025 · -5.6%
Debt ≤ 1 year
€6,104▼
2025 · €65,023
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.7% went bankrupt
13% stopped otherwise
84% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 5,834 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 · 2026 against 2025 · 43 lines
Balance sheet Code20252026
Assets
Total assets20/58€106,778€42,499▼
Current assets29/58€106,778€42,499▼
Amounts receivable within one year40/41€61,450€2,516▼
Trade receivables40€2,404€2,404=
Other amounts receivable41€59,045€112▼
Cash at bank and in hand54/58€43,377€39,983▼
Deferred charges and accrued income490/1€1,951€0▼
Equity and liabilities
Total equity and liabilities10/49€106,778€42,499▼
Equity10/15€41,755€36,392▼
Contributions10/11€24,789€24,789=
Reserves13€16,966€16,056▼
Non-distributable reserves130/1€2,479€2,479=
Reserves not available under the articles1311€2,479€2,479=
Distributable reserves133€14,487€13,577▼
Profit (loss) carried forward14€0-€4,453▼
Amounts payable17/49€65,023€6,108▼
Amounts payable within one year42/48€65,023€6,104▼
Trade debts44€2,687€189▼
Suppliers440/4€2,687€189▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€62,336€5,915▼
Accrued charges and deferred income492/3-€4
Income statement Code20252026
Non-recurring operating income76A€0-
Other operating charges640/8€513€615▲
Gross operating margin9900-€5,549-€4,597▲
Operating profit (loss)9901-€6,063-€5,212▲
Financial income75/76B€3,887€43▼
Recurring financial income75€3,887€43▼
Financial charges65/66B€170€194▲
Recurring financial charges65€170€194▲
Profit (loss) for the period before taxes9903-€2,346-€5,363▼
Income taxes67/77€0-
Profit (loss) for the period9904-€2,346-€5,363▼
Profit (loss) for the period to be appropriated9905-€2,346-€5,363▼
Appropriation of the result
Profit (loss) to be appropriated9906-€2,346-€5,363▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€58,767€910▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€56,421€0▼
Return on contributions (dividend)694€56,421€0▼
Social balance
Average headcount (FTE)90870.0-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Non-recurring operating income76A--€135,650€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,606€1,606€0---
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2,752€0---
Other operating charges640/8€647€921€972€513€615▲ 19.9%
Gross operating margin9900€2,827€1,360€152,815-€5,549-€4,597▲ 17.2%
Operating profit (loss)9901€574-€3,919€151,843-€6,063-€5,212▲ 14.0%
Financial income75/76B€625€10€0€3,887€43▼ 98.9%
Recurring financial income75€625€10€0€3,887€43▼ 98.9%
Financial charges65/66B€561€172€10,555€170€194▲ 13.8%
Recurring financial charges65€561€172€10,555€170€194▲ 13.8%
Profit (loss) for the period before taxes9903€638-€4,081€141,288-€2,346-€5,363▼ 129%
Income taxes67/77€476-€34,281€0--
Profit (loss) for the period9904€162-€4,081€107,007-€2,346-€5,363▼ 129%
Transfer from tax-exempt reserves789€2,975-----
Profit (loss) for the period to be appropriated9905€3,137-€4,081€107,007-€2,346-€5,363▼ 129%
Line20222023202420252026Change
Assets
Total assets20/58€277,424€157,651€258,724€106,778€42,499▼ 60.2%
Fixed assets21/28€55,993€54,387€0---
Tangible fixed assets22/27€55,956€54,350€0---
Land and buildings22€55,956€54,350€0---
Financial fixed assets28€37€37€0---
Current assets29/58€221,431€103,263€258,724€106,778€42,499▼ 60.2%
Amounts receivable within one year40/41€217,843€100,534€220,746€61,450€2,516▼ 95.9%
Trade receivables40€44,313€25,658€10,147€2,404€2,404=
Other amounts receivable41€173,530€74,876€210,599€59,045€112▼ 99.8%
Cash at bank and in hand54/58€3,158€2,729€37,978€43,377€39,983▼ 7.8%
Deferred charges and accrued income490/1€430--€1,951€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€277,424€157,651€258,724€106,778€42,499▼ 60.2%
Equity10/15€162,010€150,928€100,522€41,755€36,392▼ 12.8%
Contributions10/11€24,789€24,789€24,789€24,789€24,789=
Reserves13€35,021€23,939€75,733€16,966€16,056▼ 5.4%
Non-distributable reserves130/1€2,479€2,479€2,479€2,479€2,479=
Reserves not available under the articles1311€2,479€2,479€2,479€2,479€2,479=
Distributable reserves133€32,542€21,460€73,254€14,487€13,577▼ 6.3%
Profit (loss) carried forward14€102,200€102,200€0€0-€4,453-
Amounts payable17/49€115,414€6,723€158,202€65,023€6,108▼ 90.6%
Amounts payable within one year42/48€115,414€6,723€158,202€65,023€6,104▼ 90.6%
Trade debts44€114,932€6,246€1,223€2,687€189▼ 93.0%
Suppliers440/4€114,932€6,246€1,223€2,687€189▼ 93.0%
Taxes, remuneration and social security45€477€476€757€0--
Taxes450/3€477€476€757€0--
Other amounts payable47/48€5-€156,222€62,336€5,915▼ 90.5%
Accrued charges and deferred income492/3----€4-
Line20222023202420252026Change
Profit (loss) for the period9904€162-€4,081€107,007-€2,346-€5,363▼ 129%
+ Depreciation and write-downs630€1,606€1,606€0---
Operating cash flow (approximation)€1,768-€2,474€107,007-€2,346-€5,363▼ 129%
Investment in fixed assets (approximation)--€1€54,387---
Change in cash--€429€35,249€5,399-€3,394▼ 163%

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

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2027, expected by 31-08-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2026 · abbreviated schema
31-01
Financial Weakest financial yearnet -€5,363
Net result drops to -€5,363, the lowest in the series.
31-01
Financial Liquidity quadruplescurrent ratio 6.96
Current ratio from 1.64 to 6.96; short-term debt falls from €65,023 to €6,104.
2025
19-05
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
18-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
31-01
Financial Back to profitnet €107,007
Net result €107,007 after one loss-making year.
2023
29-09
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
31-01
Financial Liquidity times 8current ratio 15.36
Current ratio from 1.92 to 15.36; short-term debt falls from €115,414 to €6,723.
2022
30-09
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
31-01
Financial Back to profitnet €162
Net result €162 after one loss-making year.
2021
25-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 55 days late
2020
09-11
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 70 days late
Show earlier events
2019
30-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 30 days late
2018
25-09
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 25 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brugge · 2 establishment units since 1983
seat establishment All 2 establishment units on the map
Ground area
2,574 m²
Building footprint
1,149 m²
Volume, LiDAR
17,880 m³
2 parcels, Flanders · tallest building 32.7 m, ±9 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
2 establishment units
Puienbroeklaan 6, 8310 Brugge
NACE 4545003
since 19832.021.973.908
Zeedijk 292, 8430 Middelkerke
Activities of head offices; management consultancy activities
since 19832.021.974.007
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35322C0330/00R003 Flanders 1,657 m² 1 · 992 m² 32.7 m · 9 fl.
31029B0247/00V002 Flanders 917 m² 1 · 157 m² 9.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Beleggings- en Investeringsmaatschappij Agem 100%
  2. AGEM Vastgoedmakelaars

Highest known parent: Beleggings- en Investeringsmaatschappij Agem. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 11,749 companies in this sector we hold annual accounts for 6,910. 4,585 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company (pre-2019)
Founded10-03-1983
Fiscal year end31-01
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0423783201
Registered 15-12-2025

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.