AGESYS
ActiveSummary
AGESYS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €327,929 and a net result of -€18,212. Equity is shrinking by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 152 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-8
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 11.09 against 10.6 in 2024; short-term debt: 3% and cash: 23.6% of total assets), and 18.3% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
81.7%
Return on assets
-4.5%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€18,212
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 26-10-2025, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
38 d early
2023
49 d early
2022
46 d early
2021
47 d early
2020
47 d early
2019
45 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 40 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#4 oldest company in the province of Namur, Repair and installation of machinery sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€18,212▼ 32.4%
2024 · -€13,751
Working capital
€120,108▼ 5.2%
2024 · €126,760
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€11,626▲ 14.7%-€7,248▲ 37.7%-€9,978▼ 37.7%-€16,395▼ 64.3%-€19,871▼ 21.2%
Net result-€9,037▲ 21.3%-€5,029▲ 44.4%-€8,123▼ 61.5%-€13,751▼ 69.3%-€18,212▼ 32.4%
Equity€373,043▼ 2.4%€368,014▼ 1.3%€359,891▼ 2.2%€346,140▼ 3.8%€327,929▼ 5.3%
Total assets€437,890▼ 0.8%€424,562▼ 3.0%€415,193▼ 2.2%€426,744▲ 2.8%€401,244▼ 6.0%
Debt€15,622▲ 81.1%€9,000▼ 42.4%€9,432▲ 4.8%€36,412▲ 286%€30,802▼ 15.4%
Working capital€142,270▼ 1.1%€144,720▲ 1.7%€144,076▼ 0.4%€126,760▼ 12.0%€120,108▼ 5.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19,871 in 2025 against €16,395 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €401,244
Fixed assets
€269,232 ▼ 6.1%
Current assets
€132,012 ▼ 5.7%
Equity and liabilities €401,244
Equity
€327,929 ▼ 5.3%
Provisions
€42,513 ▼ 3.8%
Debt
€30,802 ▼ 15.4%
Debt's share of the balance-sheet total falls from 8.5% to 7.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€2,321▼
2024 · €473
Cash flow
-€662▼
2024 · €3,117
Current ratio
11.09▲
2024 · 10.60
Debt to equity
0.09▼
2024 · 0.11
ROE
-5.6%▼
2024 · -4.0%
ROA
-4.5%▼
2024 · -3.2%
Interest coverage
-1.44▼
2024 · 0.81
Debt ≤ 1 year
€11,904▼
2024 · €13,203
Debt > 1 year
€18,897▼
2024 · €23,210
Income taxes
€173▲
2024 · -€186
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 12,304 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,157 | €9,157 | €9,157 | €16,868 | €17,550 | ▲ 4.0% |
| Other operating charges640/8 | - | €1,584 | €1,610 | €11,526 | €3,017 | ▼ 73.8% |
| Gross operating margin9900 | -€893 | €3,493 | €789 | €11,999 | €696 | ▼ 94.2% |
| Operating profit (loss)9901 | -€11,626 | -€7,248 | -€9,978 | -€16,395 | -€19,871 | ▼ 21.2% |
| Financial income75/76B | - | €991 | €1,153 | €1,364 | €1,764 | ▲ 29.3% |
| Recurring financial income75 | €1,287 | €991 | €1,153 | €1,364 | €1,764 | ▲ 29.3% |
| Financial charges65/66B | - | €181 | €177 | €584 | €1,610 | ▲ 176% |
| Recurring financial charges65 | €159 | €181 | €177 | €584 | €1,610 | ▲ 176% |
| Profit (loss) for the period before taxes9903 | -€10,498 | -€6,437 | -€9,002 | -€15,615 | -€19,717 | ▼ 26.3% |
| Transfer from deferred taxes780 | - | €1,678 | €1,678 | €1,678 | €1,678 | = |
| Income taxes67/77 | €217 | €270 | €799 | -€186 | €173 | ▲ 193% |
| Profit (loss) for the period9904 | -€9,037 | -€5,029 | -€8,123 | -€13,751 | -€18,212 | ▼ 32.4% |
| Transfer from tax-exempt reserves789 | - | €3,259 | €3,259 | €3,259 | €3,259 | = |
| Profit (loss) for the period to be appropriated9905 | -€5,778 | -€1,770 | -€4,864 | -€10,491 | -€14,953 | ▼ 42.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €437,890 | €424,562 | €415,193 | €426,744 | €401,244 | ▼ 6.0% |
| Fixed assets21/28 | €279,998 | €270,842 | €261,685 | €286,781 | €269,232 | ▼ 6.1% |
| Tangible fixed assets22/27 | €279,998 | €270,842 | €261,685 | €286,781 | €269,232 | ▼ 6.1% |
| Land and buildings22 | - | - | - | - | €243,371 | - |
| Furniture and vehicles24 | - | - | - | €809 | €642 | ▼ 20.6% |
| Leasing and similar rights25 | - | - | - | €33,444 | €25,218 | ▼ 24.6% |
| Other tangible fixed assets26 | - | €270,842 | €261,685 | €252,528 | - | - |
| Current assets29/58 | €157,892 | €153,720 | €153,508 | €139,963 | €132,012 | ▼ 5.7% |
| Amounts receivable within one year40/41 | €32,696 | €35,734 | €32,896 | €34,324 | €35,419 | ▲ 3.2% |
| Trade receivables40 | - | €12,255 | €8,312 | €7,440 | €5,448 | ▼ 26.8% |
| Other amounts receivable41 | - | €23,479 | €24,584 | €26,884 | €29,971 | ▲ 11.5% |
| Cash at bank and in hand54/58 | €124,063 | €116,813 | €119,830 | €105,452 | €94,682 | ▼ 10.2% |
| Deferred charges and accrued income490/1 | - | €1,173 | €782 | €187 | €1,911 | ▲ 921% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €437,890 | €424,562 | €415,193 | €426,744 | €401,244 | ▼ 6.0% |
| Equity10/15 | €373,043 | €368,014 | €359,891 | €346,140 | €327,929 | ▼ 5.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €169,299 | €166,040 | €162,781 | €159,522 | €156,263 | ▼ 2.0% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €92,340 | €89,081 | €85,822 | €82,563 | ▼ 3.8% |
| Distributable reserves133 | - | €67,500 | €67,500 | €67,500 | €67,500 | = |
| Profit (loss) carried forward14 | €141,744 | €139,974 | €135,110 | €124,619 | €109,666 | ▼ 12.0% |
| Provisions and deferred taxes16 | €49,226 | €47,548 | €45,870 | €44,191 | €42,513 | ▼ 3.8% |
| Deferred taxes168 | - | €47,548 | €45,870 | €44,191 | €42,513 | ▼ 3.8% |
| Amounts payable17/49 | €15,622 | €9,000 | €9,432 | €36,412 | €30,802 | ▼ 15.4% |
| Amounts payable after more than one year17 | - | - | - | €23,210 | €18,897 | ▼ 18.6% |
| Financial debts170/4 | - | - | - | €23,210 | €18,897 | ▼ 18.6% |
| Amounts payable within one year42/48 | €15,622 | €9,000 | €9,432 | €13,203 | €11,904 | ▼ 9.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,079 | €4,312 | ▲ 5.7% |
| Trade debts44 | €8,464 | €1,573 | €1,634 | €1,830 | €419 | ▼ 77.1% |
| Suppliers440/4 | - | €1,573 | €1,634 | €1,830 | €419 | ▼ 77.1% |
| Taxes, remuneration and social security45 | - | €427 | €799 | €293 | €173 | ▼ 41.1% |
| Taxes450/3 | - | €427 | €799 | €293 | - | - |
| Remuneration and social security454/9 | - | - | - | - | €173 | - |
| Other amounts payable47/48 | - | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,037 | -€5,029 | -€8,123 | -€13,751 | -€18,212 | ▼ 32.4% |
| + Depreciation and write-downs630 | €9,157 | €9,157 | €9,157 | €16,868 | €17,550 | ▲ 4.0% |
| Operating cash flow (approximation) | €120 | €4,128 | €1,034 | €3,117 | -€662 | ▼ 121% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€41,964 | €0 | ▲ 100% |
| Change in cash | - | -€7,249 | €3,016 | -€14,378 | -€10,770 | ▲ 25.1% |
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
2025
26-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Weakest financial yearnet -€18,212
Net result drops to -€18,212, the lowest in the series.
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, La Bruyère · 1 establishment unit since 1991
Ground area
798 m²
Building footprint
116 m²
Parcel 92088C0451/00K000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Bawtia, Meux 19, 5081 La Bruyère
since 19912.050.849.818
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92088C0451/00K000 | Wallonia | 798 m² | 1 · 115 m² | - |
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.
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Of 1,226 companies in sector 33200 we hold annual accounts for 678. 491 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
Founded28-12-1990
Fiscal year end31-03
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
Contact
E-mail
philippe.beckers@agesys.beLa Bruyère
Phone
0477/56.02.51La Bruyère
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442305845
Also
9925:BE0442305845
Registered
19-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.