Ageres
ActiveSummary
Ageres has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €90,099. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 38% of 842 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▲+7
Solvency49▲+4
Growth55▲+7
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 5.77 against 4.02 in 2024; short-term debt: 16.6% and cash: 0% of total assets), but 76% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24%
Return on assets
0.9%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
24 d early
2023
28 d early
2022
11 d early
2021
40 d early
2020
31 d early
2019
31 d early
← 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 28 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in Malle, Construction sector#4 company by equity in Malle, Construction sector#6 employer in Malle, Construction sector
Turnover
€11.6m▼ 14.7%
2024 · €13.6m
EBIT margin
4.2%▲ 2.4pp
2024 · 1.8%
Net result
€90,099▲ 233%
2024 · €27,087
Working capital
€7.8m▼ 6.4%
2024 · €8.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€13.4m€13.6m▲ 1.9%€11.6m▼ 14.7%
Operating result-€19,526▲ 90.3%-€999,764▼ 5,020%€30,778€241,214▲ 684%€484,440▲ 101%
Net result-€57,882below the sector's middle half▲ 54.3%-€1.1mbelow the sector's middle half▼ 1,787%€1,899within the sector's middle half€27,087within the sector's middle half▲ 1,326%€90,099within the sector's middle half▲ 233%
EBIT margin0.2%1.8%▲ 1.5pp4.2%▲ 2.4pp
Equity€1.8mabove the sector's middle half▼ 3.1%€690,209within the sector's middle half▼ 61.3%€2.3mabove the sector's middle half▲ 227%€2.3mabove the sector's middle half▲ 1.2%€2.4mwithin the sector's middle half▲ 3.9%
Total assets€6.2mabove the sector's middle half▲ 49.6%€8.6mabove the sector's middle half▲ 39.0%€10.7mabove the sector's middle half▲ 23.5%€11.2mabove the sector's middle half▲ 4.9%€9.9mabove the sector's middle half▼ 11.7%
Debt€4.4m▲ 91.4%€7.9m▲ 79.3%€8.4m▲ 5.9%€8.9m▲ 5.9%€7.5m▼ 15.7%
Working capital€1.9m▲ 10.5%€699,242▼ 63.7%€2.4m▲ 245%€8.4m▲ 246%€7.8m▼ 6.4%
Solvency28.7%within the sector's middle half▼ 15.6pp8.0%below the sector's middle half▼ 20.7pp21.2%within the sector's middle half▲ 13.2pp20.4%within the sector's middle half▼ 0.7pp24.0%within the sector's middle half▲ 3.6pp
Staff (FTE)44above the sector's middle half▼ 5.8%42above the sector's middle half▼ 4.5%41.9above the sector's middle half▼ 0.2%34.9above the sector's middle half▼ 16.7%28.9within the sector's middle half▼ 17.2%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 101% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.9m
Fixed assets
€406,568 ▲ 623%
Current assets
€9.5m ▼ 14.9%
Equity and liabilities €9.9m
Equity
€2.4m ▲ 3.9%
Debt
€7.5m ▼ 15.7%
Debt's share of the balance-sheet total falls from 79.6% to 76.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€512,979▲
2024 · €245,919
Cash flow
€118,637▲
2024 · €31,792
Current ratio
5.77▲
2024 · 4.02
Quick ratio
2.04▲
2024 · 1.68
Debt to equity
3.16▼
2024 · 3.90
ROE
3.8%▲
2024 · 1.2%
ROA
0.9%▲
2024 · 0.2%
Interest coverage
1.28▲
2024 · 0.81
Debt ≤ 1 year
€1.6m▼
2024 · €2.8m
Debt > 1 year
€5.9m▼
2024 · €6.0m
Income taxes
€631▲
2024 · -€11,170
Staff costs
€2.1m▼
2024 · €2.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 4,653 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €19.2m | €13.5m | €11.3m | ▼ 16.2% |
| Turnover70 | - | - | €13.4m | €13.6m | €11.6m | ▼ 14.7% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €4.9m | -€152,960 | -€348,792 | ▼ 128% |
| Other operating income74 | - | - | €896,055 | €28,785 | €31,010 | ▲ 7.7% |
| Operating charges60/66A | - | - | €19.2m | €13.3m | €10.8m | ▼ 18.4% |
| Goods for resale, raw materials and consumables60 | - | - | €14.7m | €9.4m | €7.3m | ▼ 22.4% |
| Purchases600/8 | - | - | €14.7m | €9.4m | €7.3m | ▼ 22.4% |
| Change in stocks: decrease (increase)609 | - | - | €9,994 | -€5,241 | -€4,824 | ▲ 8.0% |
| Services and other goods61 | - | - | €1.9m | €1.5m | €1.3m | ▼ 18.1% |
| Remuneration, social security and pensions62 | €2.2m | €2.3m | €2.5m | €2.2m | €2.1m | ▼ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €95,574 | €94,985 | €1,230 | €4,705 | €28,539 | ▲ 507% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €46,337 | €101,336 | €140,219 | ▲ 38.4% |
| Other operating charges640/8 | €21,903 | €26,109 | €23,299 | €26,383 | €41,163 | ▲ 56.0% |
| Gross operating margin9900 | €2.3m | €1.5m | - | - | - | - |
| Operating profit (loss)9901 | -€19,526 | -€999,764 | €30,778 | €241,214 | €484,440 | ▲ 101% |
| Financial income75/76B | €13,680 | - | - | €78,915 | €9,443 | ▼ 88.0% |
| Recurring financial income75 | €13,680 | - | - | €78,915 | €9,443 | ▼ 88.0% |
| Income from current assets751 | - | - | - | €78,915 | €9,443 | ▼ 88.0% |
| Financial charges65/66B | €20,115 | €116,424 | €15,794 | €304,212 | €403,153 | ▲ 32.5% |
| Recurring financial charges65 | €20,115 | €116,424 | €15,794 | €304,212 | €403,153 | ▲ 32.5% |
| Debt charges650 | - | - | €14,212 | €302,615 | €401,070 | ▲ 32.5% |
| Other financial charges652/9 | - | - | €1,582 | €1,596 | €2,083 | ▲ 30.5% |
| Profit (loss) for the period before taxes9903 | -€25,962 | -€1.1m | €14,984 | €15,917 | €90,730 | ▲ 470% |
| Income taxes67/77 | €31,920 | -€23,980 | €13,085 | -€11,170 | €631 | ▲ 106% |
| Taxes670/3 | - | - | €13,085 | €1,178 | €631 | ▼ 46.4% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €12,347 | - | - |
| Profit (loss) for the period9904 | -€57,882 | -€1.1m | €1,899 | €27,087 | €90,099 | ▲ 233% |
| Transfer from tax-exempt reserves789 | €155,001 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €97,119 | -€1.1m | €1,899 | €27,087 | €90,099 | ▲ 233% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.2m | €8.6m | €10.7m | €11.2m | €9.9m | ▼ 11.7% |
| Fixed assets21/28 | €141,285 | €166,645 | €23,804 | €56,272 | €406,568 | ▲ 623% |
| Tangible fixed assets22/27 | €139,200 | €163,060 | €8,368 | €26,793 | €368,224 | ▲ 1,274% |
| Plant, machinery and equipment23 | €104,034 | €119,993 | - | €18,436 | €296,069 | ▲ 1,506% |
| Furniture and vehicles24 | €31,330 | €33,469 | - | €1,219 | €66,247 | ▲ 5,335% |
| Other tangible fixed assets26 | €3,835 | €9,599 | €8,368 | €7,138 | €5,908 | ▼ 17.2% |
| Financial fixed assets28 | €2,085 | €3,585 | €15,436 | €29,479 | €38,344 | ▲ 30.1% |
| Other financial fixed assets284/8 | - | - | €15,436 | €29,479 | €38,344 | ▲ 30.1% |
| Amounts receivable and cash guarantees285/8 | - | - | €15,436 | €29,479 | €38,344 | ▲ 30.1% |
| Current assets29/58 | €6.1m | €8.5m | €10.6m | €11.1m | €9.5m | ▼ 14.9% |
| Stocks and contracts in progress3 | €2.3m | €1.7m | €6.6m | €6.5m | €6.1m | ▼ 5.3% |
| Stocks30/36 | €93,963 | €105,962 | €1.4m | €740,959 | €909,515 | ▲ 22.7% |
| Raw materials and consumables30/31 | - | - | €75,868 | €85,109 | €89,933 | ▲ 5.7% |
| Property held for sale35 | - | - | €1.3m | €655,849 | €819,582 | ▲ 25.0% |
| Contracts in progress37 | €2.2m | €1.6m | €5.3m | €5.7m | €5.2m | ▼ 8.9% |
| Amounts receivable within one year40/41 | €3.8m | €6.8m | €3.5m | €4.2m | €3.3m | ▼ 21.1% |
| Trade receivables40 | €3.6m | €6.7m | €3.5m | €4.2m | €3.3m | ▼ 20.1% |
| Other amounts receivable41 | €134,980 | €53,600 | €47,460 | €51,109 | - | - |
| Cash at bank and in hand54/58 | €2,118 | €1,749 | €21,291 | €3,441 | €2,323 | ▼ 32.5% |
| Deferred charges and accrued income490/1 | €67,579 | €15,588 | €469,219 | €452,113 | €23,766 | ▼ 94.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.2m | €8.6m | €10.7m | €11.2m | €9.9m | ▼ 11.7% |
| Equity10/15 | €1.8m | €690,209 | €2.3m | €2.3m | €2.4m | ▲ 3.9% |
| Contributions10/11 | €84,284 | €84,284 | €1.7m | €1.7m | €1.7m | = |
| Capital10 | €84,284 | €84,284 | €1.7m | €1.7m | €1.7m | = |
| Issued capital100 | €84,284 | €84,284 | €1.7m | €1.7m | €1.7m | = |
| Reserves13 | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Non-distributable reserves130/1 | €8,428 | €8,428 | €8,428 | €8,428 | €8,428 | = |
| Legal reserve130 | €8,428 | €8,428 | €8,428 | €8,428 | €8,428 | = |
| Tax-exempt reserves132 | €35,714 | €35,714 | €35,714 | €35,714 | €35,714 | = |
| Distributable reserves133 | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Profit (loss) carried forward14 | -€29,671 | -€1.1m | -€1.1m | -€1.1m | -€1.0m | ▲ 8.2% |
| Amounts payable17/49 | €4.4m | €7.9m | €8.4m | €8.9m | €7.5m | ▼ 15.7% |
| Amounts payable after more than one year17 | - | - | - | €6.0m | €5.9m | ▼ 2.5% |
| Other amounts payable178/9 | - | - | - | €6.0m | €5.9m | ▼ 2.5% |
| Amounts payable within one year42/48 | €4.1m | €7.8m | €8.2m | €2.8m | €1.6m | ▼ 40.8% |
| Financial debts43 | €8,347 | €8,347 | - | €440,000 | - | - |
| Credit institutions430/8 | €8,347 | €8,347 | - | €440,000 | - | - |
| Trade debts44 | €3.8m | €5.4m | €8.0m | €2.0m | €1.4m | ▼ 30.6% |
| Suppliers440/4 | €3.8m | €5.4m | €8.0m | €2.0m | €1.4m | ▼ 30.6% |
| Taxes, remuneration and social security45 | €302,976 | €376,273 | €249,570 | €304,355 | €235,209 | ▼ 22.7% |
| Taxes450/3 | €24,257 | €31,397 | €18,698 | €17,421 | €20,470 | ▲ 17.5% |
| Remuneration and social security454/9 | €278,718 | €344,876 | €230,872 | €286,934 | €214,739 | ▼ 25.2% |
| Other amounts payable47/48 | - | €2.0m | - | - | - | - |
| Accrued charges and deferred income492/3 | €287,010 | €175,679 | €181,551 | €137,659 | €16,402 | ▼ 88.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€57,882 | -€1.1m | €1,899 | €27,087 | €90,099 | ▲ 233% |
| + Depreciation and write-downs630 | €95,574 | €94,985 | €1,230 | €4,705 | €28,539 | ▲ 507% |
| Operating cash flow (approximation) | €37,692 | -€997,223 | €3,130 | €31,792 | €118,637 | ▲ 273% |
| Investment in fixed assets (approximation) | - | -€120,345 | €141,611 | -€37,173 | -€378,835 | ▼ 919% |
| Change in cash | - | -€369 | €19,542 | -€17,850 | -€1,118 | ▲ 93.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €90,099 ▲233%
Operating result €484,440, net result €90,099, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity triplescurrent ratio 4.02
Current ratio from 1.29 to 4.02; short-term debt falls from €8.2m to €2.8m.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €1,899
Net result €1,899 after 3 loss-making years.
31-12
Financial
Equity above €2mEq €2.3m ▲227%
Equity rises from €690,209 to €2.3m.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
05-01
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.
0 of 18 acts read
About the unread acts
We know of 18 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
18 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, Malle · 2 establishment units since 1997
Ground area
6,805 m²
Building footprint
1.5 ha
Volume, LiDAR
118,381 m³
2 parcels, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
2 establishment units
Ageres
since 19972.082.825.471
Ageres
since 20192.293.974.081
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31040D0724/00D000 | Flanders | 3,461 m² | 1 · 1,755 m² | 8.1 m · 2 fl. |
| 11032A0651/02N000 | Flanders | 3,345 m² | 1 · 1.3 ha | 9.7 m · 3 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
Part of the group
SWBPC
23 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: SWBPC. The sources do not say who stands above it.
Owners 1
- R-INVESTparent100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of Ageres and those 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,045 EUR awarded · 2,045 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,045 EUR | 2,045 EUR |
Schemes
Recognitions · licences · registrations
Recognised contractor
9 categoriesAgeres NV24113
Dual-learning approval
3 live approvals · 2 endedBinnenschrijnwerk en interieur duaal (so)
Interieurbouwer duaal (so)
Machinaal houtbewerker duaal (so)
Show 2 ended approvals
Medewerker schilder- en behangwerken duaal (so)
Schilder (so)
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 3,552 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-07-1997
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
42220Construction of utility projects for electricity and telecommunications
27320Manufacture of electrical equipment
Contact
E-mail
martine.crauwels@ageres.beMalle
Phone
03/385.91.63Malle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461003485
Also
9925:BE0461003485
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.