Public limited company · founded 1995 · 30 yrs activeSeptestraat 27, 2640 Mortsel, BelgiumKBO/BCE: BE 0456.366.588
Summary
The annual accounts of AGFA for fiscal year 2025 show a net loss of 148% of the equity at the start of that year. The 2025 annual accounts show equity of €66.7m and a net result of -€40.8m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 269 sector peers (fiscal year 2025). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability17▼-4
Solvency43▲+10
Growth22=
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.1%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.88 against 1.41 in 2024; short-term debt: 35.4% and cash: 0.4% of total assets), but 81.6% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 65 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% 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.
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
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
AGFA was incorporated on 22 November 1995.1Between 2011 and 2013 the company absorbed 12 companies by merger, including Agfa-Gevaert SAU and AGFA-GEVAERT INVESTMENT FUND.234The capital was increased 9 times between 2012 and 2026, most recently to EUR 118 million.567Since 2017 the company has been called AGFA.8The board currently has 4 members; Vincent Wille has served longest, since 2021.9Revenue fell from EUR 744 million in 2021 to EUR 375 million in 2025 and headcount from 517 to 247 full-time equivalents.10
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, 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
Net result-€226.5mbelow the sector's middle half▼ 35.3%€51.5mabove the sector's middle half-€49.7mbelow the sector's middle half-€35.4mbelow the sector's middle half▲ 28.7%-€40.8mbelow the sector's middle half▼ 15.2%
Equity-€128.9mbelow the sector's middle half€42.6mabove the sector's middle half€62.9mabove the sector's middle half▲ 47.7%€27.5mwithin the sector's middle half▼ 56.3%€66.7mabove the sector's middle half▲ 143%
Total assets€411.9mabove the sector's middle half▼ 21.6%€412.9mabove the sector's middle half▲ 0.2%€345.7mabove the sector's middle half▼ 16.3%€332.7mabove the sector's middle half▼ 3.8%€362.1mabove the sector's middle half▲ 8.8%
Working capital-€124.5m▼ 554%-€99.2m▲ 20.3%-€60.0m▲ 39.5%€57.9m€112.3m▲ 94.0%
Solvency-31.3%below the sector's middle half▼ 49.9pp10.3%below the sector's middle half▲ 41.6pp18.2%below the sector's middle half▲ 7.9pp8.3%below the sector's middle half▼ 9.9pp18.4%below the sector's middle half▲ 10.2pp
Staff (FTE)516.8above the sector's middle half▼ 10.1%359.1above the sector's middle half▼ 30.5%290.2above the sector's middle half▼ 19.2%262.7above the sector's middle half▼ 9.5%246.5above the sector's middle half▼ 6.2%
abovewithinbelowthe middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
2025Equity +143% on 2024.Capital increase of €80,000,000 (Official Gazette 01-12-2025).
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24.4m in 2025 against €19.4m in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €362.1m
33.6%
66.4%
Fixed assets€121.7m ▼ 7.9%
Current assets€240.4m ▲ 19.9%
Equity and liabilities €362.1m
18.4%
78.8%
Equity€66.7m ▲ 143%
Provisions€10.2m ▲ 52.5%
Debt€285.2m ▼ 4.5%
Debt's share of the balance-sheet total falls from 89.7% to 78.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€8.0m▼
2024 · €15.5m
Cash flow
-€8.3m▼
2024 · -€558,540
Current ratio
1.88▲
2024 · 1.41
Quick ratio
1.48▲
2024 · 0.92
Debt to equity
4.28▼
2024 · 10.86
ROE
-61.2%▲
2024 · -128.8%
ROA
-11.3%▼
2024 · -10.6%
Interest coverage
0.71▼
2024 · 1.10
Debt ≤ 1 year
€128.1m▼
2024 · €142.6m
Debt > 1 year
€152.0m▲
2024 · €150.0m
Income taxes
-€1.0m▲
2024 · -€2.0m
Staff costs
€57.0m▼
2024 · €58.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 1,607 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 88% are still going.
20 years or older
solvency 10 to 30%
a loss of 10% of the balance sheet or more
without size
3.8%went bankrupt
6.7%stopped otherwise
88%still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
The companies in ten equal groups, from lowest to highest expected share.
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 1,607 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 accountsAs filed with the NBB · 2025 against 2024 · 104 lines
Balance sheetCode20242025
Assets
Total assets20/58€332.7m€362.1m▲
Fixed assets21/28€132.2m€121.7m▼
Intangible fixed assets21€17.2m€14.6m▼
Tangible fixed assets22/27€4.1m€4.0m▼
Land and buildings22€47,694€24,801▼
Plant, machinery and equipment23€1.3m€1.9m▲
Furniture and vehicles24€212,210€235,058▲
Other tangible fixed assets26€1.0m€844,359▼
Assets under construction and advance payments27€1.5m€1.1m▼
Financial fixed assets28€110.9m€103.1m▼
Affiliated companies280/1€105.4m€97.6m▼
Participating interests280€105.4m€97.6m▼
Companies linked by participating interests282/3€5.3m€5.3m=
Participating interests282€5.3m€5.3m=
Other financial fixed assets284/8€247,554€234,525▼
Shares284€126,053€123,947▼
Amounts receivable and cash guarantees285/8€121,501€110,579▼
Current assets29/58€200.5m€240.4m▲
Amounts receivable after more than one year29€12.5m€12.7m▲
Trade receivables290€344,570€2.2m▲
Other amounts receivable291€12.1m€10.5m▼
Stocks and contracts in progress3€69.3m€50.6m▼
Stocks30/36€69.3m€50.5m▼
Work in progress32€3.8m€4.1m▲
Finished goods33€187,837€0▼
Goods purchased for resale34€65.3m€46.4m▼
Contracts in progress37€72,722€39,083▼
Amounts receivable within one year40/41€116.5m€175.1m▲
Trade receivables40€91.5m€85.1m▼
Other amounts receivable41€25.0m€90.0m▲
Cash at bank and in hand54/58€1.8m€1.5m▼
Deferred charges and accrued income490/1€406,750€441,344▲
Equity and liabilities
Total equity and liabilities10/49€332.7m€362.1m▲
Equity10/15€27.5m€66.7m▲
Contributions10/11€75.0m€88.0m▲
Capital10€75.0m€88.0m▲
Issued capital100€75.0m€88.0m▲
Outside capital11€4,494€4,494=
Share premium1100/10€4,494€4,494=
Reserves13€3.1m€3.1m=
Non-distributable reserves130/1€3.1m€3.1m=
Legal reserve130€3.1m€3.1m=
Tax-exempt reserves132€3,112€3,112=
Distributable reserves133€20,469€20,469=
Profit (loss) carried forward14-€50.6m-€24.4m▲
Provisions and deferred taxes16€6.7m€10.2m▲
Provisions for liabilities and charges160/5€6.7m€10.2m▲
Pensions and similar obligations160€978,205€942,837▼
Other liabilities and charges164/5€5.7m€9.3m▲
Amounts payable17/49€298.5m€285.2m▼
Amounts payable after more than one year17€150.0m€152.0m▲
Financial debts170/4€150.0m€152.0m▲
Other loans174€150.0m€152.0m▲
Amounts payable within one year42/48€142.6m€128.1m▼
Financial debts43-€523,960
Other loans439-€523,960
Trade debts44€88.4m€78.6m▼
Suppliers440/4€88.4m€78.6m▼
Advances received on contracts in progress46€2.1m€1.8m▼
Taxes, remuneration and social security45€17.4m€17.5m▲
Taxes450/3€5.8m€6.0m▲
Remuneration and social security454/9€11.7m€11.5m▼
Other amounts payable47/48€34.6m€29.6m▼
Accrued charges and deferred income492/3€5.9m€5.2m▼
Income statementCode20242025
Operating income70/76A€477.3m€418.4m▼
Turnover70€425.3m€374.7m▼
Change in stocks of work in progress, finished goods and contracts in progress71€642,013€110,805▼
Own construction capitalised72€31.1m€28.5m▼
Other operating income74€14.5m€8.4m▼
Non-recurring operating income76A€5.7m€6.6m▲
Operating charges60/66A€496.7m€442.8m▼
Goods for resale, raw materials and consumables60€315.8m€260.3m▼
Purchases600/8€317.7m€242.0m▼
Change in stocks: decrease (increase)609-€1.9m€18.3m▲
Services and other goods61€90.9m€81.4m▼
Remuneration, social security and pensions62€58.2m€57.0m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34.9m€32.5m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€251,318€2.0m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€139,352€52,493▼
Other operating charges640/8€368,232€365,873▼
Non-recurring operating charges66A-€3.3m€9.2m▲
Operating profit (loss)9901-€19.4m-€24.4m▼
Financial income75/76B€45.4m€15.4m▼
Recurring financial income75€35.4m€12.7m▼
Income from financial fixed assets750€0€2.1m▲
Income from current assets751€603,621€560,122▼
Other financial income752/9€34.8m€10.0m▼
Non-recurring financial income76B€10.0m€2.7m▼
Financial charges65/66B€63.4m€32.8m▼
Recurring financial charges65€50.7m€22.3m▼
Debt charges650€14.0m€11.4m▼
Other financial charges652/9€36.7m€10.9m▼
Non-recurring financial charges66B€12.7m€10.5m▼
Profit (loss) for the period before taxes9903-€37.4m-€41.8m▼
Income taxes67/77-€2.0m-€1.0m▲
Taxes670/3€609,929€852,570▲
Tax adjustments and reversals of tax provisions77€2.6m€1.9m▼
Profit (loss) for the period9904-€35.4m-€40.8m▼
Profit (loss) for the period to be appropriated9905-€35.4m-€40.8m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€50.6m-€91.4m▼
Profit (loss) brought forward from the previous period14P-€15.2m-€50.6m▼
Transfer from equity791/2-€67.0m
From contributions791-€67.0m
Social balance
Average headcount (FTE)9087262.7246.5▼
The notes to these accounts (148 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Operating income70/76A
€839.4m
€669.5m
€485.6m
€477.3m
€418.4m
▼ 12.3%
Turnover70
€744.3m
€440.2m
€432.2m
€425.3m
€374.7m
▼ 11.9%
Change in stocks of work in progress, finished goods and contracts in progress71
-€83,641
€134,468
-€623,368
€642,013
€110,805
▼ 82.7%
Own construction capitalised72
€52.9m
€37.1m
€29.7m
€31.1m
€28.5m
▼ 8.1%
Other operating income74
€18.5m
€35.9m
€19.3m
€14.5m
€8.4m
▼ 42.0%
Non-recurring operating income76A
€23.9m
€156.2m
€5.0m
€5.7m
€6.6m
▲ 14.9%
Operating charges60/66A
€1.04bn
€610.7m
€520.6m
€496.7m
€442.8m
▼ 10.8%
Goods for resale, raw materials and consumables60
€586.7m
€345.8m
€323.6m
€315.8m
€260.3m
▼ 17.6%
Purchases600/8
€545.9m
€341.3m
€321.7m
€317.7m
€242.0m
▼ 23.8%
Change in stocks: decrease (increase)609
€40.8m
€4.4m
€1.9m
-€1.9m
€18.3m
▲ 1,073%
Services and other goods61
€135.0m
€118.1m
€95.9m
€90.9m
€81.4m
▼ 10.4%
Remuneration, social security and pensions62
€116.2m
€74.1m
€72.7m
€58.2m
€57.0m
▼ 2.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€68.2m
€45.3m
€34.4m
€34.9m
€32.5m
▼ 6.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-€1.4m
-€635,973
-€86,955
-€251,318
€2.0m
▲ 903%
Provisions for liabilities and charges: additions (uses and reversals)635/8
-€2.6m
-€1.0m
-€774,242
€139,352
€52,493
▼ 62.3%
Other operating charges640/8
€954,085
€587,335
€185,262
€368,232
€365,873
▼ 0.6%
Non-recurring operating charges66A
€140.9m
€28.5m
-€5.4m
-€3.3m
€9.2m
▲ 381%
Operating profit (loss)9901
-€204.4m
€58.7m
-€34.9m
-€19.4m
-€24.4m
▼ 26.0%
Financial income75/76B
€27.3m
€57.7m
€43.2m
€45.4m
€15.4m
▼ 66.1%
Recurring financial income75
€24.5m
€44.9m
€42.0m
€35.4m
€12.7m
▼ 64.2%
Income from financial fixed assets750
€9.3m
€19.5m
€25.0m
€0
€2.1m
-
Income from current assets751
€633,973
€255,320
€400,167
€603,621
€560,122
▼ 7.2%
Other financial income752/9
€14.6m
€25.1m
€16.6m
€34.8m
€10.0m
▼ 71.1%
Non-recurring financial income76B
€2.8m
€12.9m
€1.2m
€10.0m
€2.7m
▼ 72.8%
Financial charges65/66B
€50.5m
€65.6m
€60.2m
€63.4m
€32.8m
▼ 48.4%
Recurring financial charges65
€22.1m
€40.2m
€36.5m
€50.7m
€22.3m
▼ 56.1%
Debt charges650
€5.5m
€9.0m
€15.4m
€14.0m
€11.4m
▼ 18.9%
Other financial charges652/9
€16.6m
€31.2m
€21.1m
€36.7m
€10.9m
▼ 70.4%
Non-recurring financial charges66B
€28.4m
€25.4m
€23.7m
€12.7m
€10.5m
▼ 17.4%
Profit (loss) for the period before taxes9903
-€227.6m
€50.9m
-€52.0m
-€37.4m
-€41.8m
▼ 11.7%
Income taxes67/77
-€1.1m
-€591,663
-€2.3m
-€2.0m
-€1.0m
▲ 49.9%
Taxes670/3
€1.7m
€2.5m
€1.3m
€609,929
€852,570
▲ 39.8%
Tax adjustments and reversals of tax provisions77
€2.8m
€3.1m
€3.6m
€2.6m
€1.9m
▼ 29.1%
Profit (loss) for the period9904
-€226.5m
€51.5m
-€49.7m
-€35.4m
-€40.8m
▼ 15.2%
Profit (loss) for the period to be appropriated9905
-€226.5m
€51.5m
-€49.7m
-€35.4m
-€40.8m
▼ 15.2%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€411.9m
€412.9m
€345.7m
€332.7m
€362.1m
▲ 8.8%
Fixed assets21/28
€161.0m
€167.3m
€136.9m
€132.2m
€121.7m
▼ 7.9%
Intangible fixed assets21
€5.9m
€23.0m
€19.9m
€17.2m
€14.6m
▼ 15.5%
Tangible fixed assets22/27
€4.0m
€3.3m
€3.9m
€4.1m
€4.0m
▼ 0.8%
Land and buildings22
€99,167
€192,647
€169,754
€47,694
€24,801
▼ 48.0%
Plant, machinery and equipment23
€2.0m
€2.1m
€1.2m
€1.3m
€1.9m
▲ 42.0%
Furniture and vehicles24
€445,177
€342,380
€186,245
€212,210
€235,058
▲ 10.8%
Other tangible fixed assets26
€524,300
€423,267
€1.3m
€1.0m
€844,359
▼ 16.2%
Assets under construction and advance payments27
€919,933
€215,302
€1.0m
€1.5m
€1.1m
▼ 27.8%
Financial fixed assets28
€151.1m
€140.9m
€113.2m
€110.9m
€103.1m
▼ 7.0%
Affiliated companies280/1
€144.6m
€133.7m
€105.4m
€105.4m
€97.6m
▼ 7.4%
Participating interests280
€144.6m
€133.7m
€105.4m
€105.4m
€97.6m
▼ 7.4%
Companies linked by participating interests282/3
€6.1m
€6.9m
€7.4m
€5.3m
€5.3m
=
Participating interests282
€6.1m
€6.9m
€7.4m
€5.3m
€5.3m
=
Other financial fixed assets284/8
€307,122
€285,071
€296,765
€247,554
€234,525
▼ 5.3%
Shares284
€126,053
€126,053
€126,053
€126,053
€123,947
▼ 1.7%
Amounts receivable and cash guarantees285/8
€181,069
€159,018
€170,712
€121,501
€110,579
▼ 9.0%
Current assets29/58
€250.9m
€245.6m
€208.8m
€200.5m
€240.4m
▲ 19.9%
Amounts receivable after more than one year29
€17.2m
€15.4m
€14.0m
€12.5m
€12.7m
▲ 2.0%
Trade receivables290
€418,893
€402,310
€612,374
€344,570
€2.2m
▲ 553%
Other amounts receivable291
€16.8m
€15.0m
€13.4m
€12.1m
€10.5m
▼ 13.6%
Stocks and contracts in progress3
€71.3m
€68.0m
€66.3m
€69.3m
€50.6m
▼ 27.1%
Stocks30/36
€71.0m
€67.8m
€65.7m
€69.3m
€50.5m
▼ 27.0%
Work in progress32
€3.4m
€3.6m
€2.6m
€3.8m
€4.1m
▲ 8.8%
Finished goods33
€211,692
€201,489
€187,837
€187,837
€0
▼ 100%
Goods purchased for resale34
€67.4m
€64.0m
€62.9m
€65.3m
€46.4m
▼ 28.9%
Contracts in progress37
€298,099
€231,220
€639,779
€72,722
€39,083
▼ 46.3%
Amounts receivable within one year40/41
€160.6m
€161.1m
€127.5m
€116.5m
€175.1m
▲ 50.3%
Trade receivables40
€144.5m
€146.3m
€100.2m
€91.5m
€85.1m
▼ 6.9%
Other amounts receivable41
€16.2m
€14.8m
€27.3m
€25.0m
€90.0m
▲ 259%
Cash at bank and in hand54/58
€1.4m
€858,436
€600,384
€1.8m
€1.5m
▼ 15.1%
Deferred charges and accrued income490/1
€357,440
€235,076
€309,976
€406,750
€441,344
▲ 8.5%
Equity and liabilities
Total equity and liabilities10/49
€411.9m
€412.9m
€345.7m
€332.7m
€362.1m
▲ 8.8%
Equity10/15
-€128.9m
€42.6m
€62.9m
€27.5m
€66.7m
▲ 143%
Contributions10/11
€100.0m
€5.0m
€75.0m
€75.0m
€88.0m
▲ 17.3%
Capital10
€100.0m
€5.0m
€75.0m
€75.0m
€88.0m
▲ 17.3%
Issued capital100
€100.0m
€5.0m
€75.0m
€75.0m
€88.0m
▲ 17.3%
Outside capital11
€4,494
€4,494
€4,494
€4,494
€4,494
=
Share premium1100/10
€4,494
€4,494
€4,494
€4,494
€4,494
=
Reserves13
€3.1m
€3.1m
€3.1m
€3.1m
€3.1m
=
Non-distributable reserves130/1
€3.1m
€3.1m
€3.1m
€3.1m
€3.1m
=
Legal reserve130
€3.1m
€3.1m
€3.1m
€3.1m
€3.1m
=
Tax-exempt reserves132
€3,112
€3,112
€3,112
€3,112
€3,112
=
Distributable reserves133
€20,469
€20,469
€20,469
€20,469
€20,469
=
Profit (loss) carried forward14
-€232.0m
€34.5m
-€15.2m
-€50.6m
-€24.4m
▲ 51.8%
Provisions and deferred taxes16
€159.9m
€21.9m
€10.6m
€6.7m
€10.2m
▲ 52.5%
Provisions for liabilities and charges160/5
€159.9m
€21.9m
€10.6m
€6.7m
€10.2m
▲ 52.5%
Pensions and similar obligations160
€1.4m
€1.1m
€1.0m
€978,205
€942,837
▼ 3.6%
Other liabilities and charges164/5
€158.5m
€20.9m
€9.6m
€5.7m
€9.3m
▲ 62.1%
Amounts payable17/49
€380.9m
€348.3m
€272.2m
€298.5m
€285.2m
▼ 4.5%
Amounts payable after more than one year17
-
-
-
€150.0m
€152.0m
▲ 1.3%
Financial debts170/4
-
-
-
€150.0m
€152.0m
▲ 1.3%
Other loans174
-
-
-
€150.0m
€152.0m
▲ 1.3%
Amounts payable within one year42/48
€375.4m
€344.8m
€268.8m
€142.6m
€128.1m
▼ 10.2%
Financial debts43
-
-
-
-
€523,960
-
Other loans439
-
-
-
-
€523,960
-
Trade debts44
€118.0m
€100.3m
€78.5m
€88.4m
€78.6m
▼ 11.2%
Suppliers440/4
€118.0m
€100.3m
€78.5m
€88.4m
€78.6m
▼ 11.2%
Advances received on contracts in progress46
€1.0m
€941,203
€1.7m
€2.1m
€1.8m
▼ 12.6%
Taxes, remuneration and social security45
€20.3m
€20.0m
€17.4m
€17.4m
€17.5m
▲ 0.5%
Taxes450/3
€5.9m
€6.3m
€5.7m
€5.8m
€6.0m
▲ 4.5%
Remuneration and social security454/9
€14.5m
€13.7m
€11.7m
€11.7m
€11.5m
▼ 1.4%
Other amounts payable47/48
€236.0m
€223.6m
€171.2m
€34.6m
€29.6m
▼ 14.5%
Accrued charges and deferred income492/3
€5.5m
€3.5m
€3.5m
€5.9m
€5.2m
▼ 13.0%
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
-€226.5m
€51.5m
-€49.7m
-€35.4m
-€40.8m
▼ 15.2%
+ Depreciation and write-downs630
€68.2m
€45.3m
€34.4m
€34.9m
€32.5m
▼ 6.9%
Operating cash flow (approximation)
-€158.4m
€96.8m
-€15.2m
-€558,540
-€8.3m
▼ 1,391%
Investment in fixed assets (approximation)
-
-€51.6m
-€4.1m
-€30.2m
-€22.0m
▲ 27.2%
Change in cash
-
-€571,848
-€258,052
€1.2m
-€265,923
▼ 123%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Merger, cross-border merger by absorption, completed
26-01
State Gazette actMiscellaneous
Merger1 fact ▸
Merger, 20/10/2011
2011
21-11
State Gazette actRestructuring
Merger · Accounting effect · Power of attorney7 facts ▸
General meeting, 20-10-2011
Merger, cross-border merger by absorption, 20-10-2011
Accounting effect, 01-01-2012
Power of attorney, raad van bestuur
Power of attorney, Marie-Josee Crols
Power of attorney, Claire Dascotte
Power of attorney, Iris Meirlaen
18-11
State Gazette actRestructuring
Merger1 fact ▸
Merger
22-09
State Gazette actStatutes amendment · Restructuring
Merger · Accounting effect · Power of attorney6 facts ▸
General meeting, 31/08/2011
Merger
Accounting effect, 01/01/2012
Power of attorney, Marie-Josee Crols
Power of attorney, Claire Dascotte
Power of attorney, Iris Meirlaen
12-09
State Gazette actCapital & shares · Miscellaneous
General meeting1 fact ▸
General meeting, 24/08/2011
11-08
State Gazette actRestructuring
Merger1 fact ▸
Merger, 29/06/2011
02-08
State Gazette actRestructuring
Merger · Dissolution · Accounting effect7 facts ▸
General meeting, 29/06/2011
Merger
Dissolution, zonder vereffening
Accounting effect, 01/07/2011
Power of attorney, Iris Meirlaen
Power of attorney, Marie-Josee Crols
Power of attorney, Claire Dascotte
02-08
State Gazette actRestructuring
Merger · Dissolution · Accounting effect7 facts ▸
General meeting, 29/06/2011
Merger
Dissolution, ontbinding zonder vereffening
Accounting effect, 01/07/2011
Power of attorney, Marie-Josee Crols
Power of attorney, Claire Dascotte
Power of attorney, Iris Meirlaen
02-08
State Gazette actRestructuring
Merger1 fact ▸
Merger, cross-border merger by absorption, completed and effective
02-08
State Gazette actRestructuring
Merger · Dissolution · Accounting effect8 facts ▸
General meeting, 29/06/2011
Merger
Dissolution, ontbinding zonder vereffening
Accounting effect, 01/07/2011
Power of attorney, raad van bestuur
Power of attorney, Marie-Josee Crols
Power of attorney, Claire Dascotte
Power of attorney, Iris Meirlaen
02-08
State Gazette actRestructuring
Merger1 fact ▸
Merger, 29/06/2011
02-08
State Gazette actRestructuring
Merger · Dissolution · Accounting effect7 facts ▸
General meeting, 29/06/2011
Merger
Dissolution, ontbinding zonder vereffening
Accounting effect, 01/01/2011
Power of attorney, Marie-Josee Crols
Power of attorney, Claire Dascotte
Power of attorney, Iris Meirlaen
02-08
State Gazette actRestructuring
Merger1 fact ▸
Merger, 29/06/2011
28-06
State Gazette actRestructuring
Merger1 fact ▸
Merger
28-06
State Gazette actRestructuring
Merger1 fact ▸
Merger
19-05
State Gazette actRestructuring · Miscellaneous
Merger · Power of attorney3 facts ▸
Merger, grensoverschrijdende fusie door overneming
Board meeting, 06/04/2011
Power of attorney, Kris HOORNAERT
18-05
State Gazette actReappointment: Kris Hoornaert (director)
2 facts ▸
General meeting, 26/04/2011
Director reappointment, Kris Hoornaert (director)
17-05
State Gazette actRestructuring
Merger · Power of attorney3 facts ▸
Merger
Board meeting, 06/04/2011
Power of attorney, Kris HOORNAERT
17-05
State Gazette actRestructuring
Merger · Power of attorney3 facts ▸
Merger
Board meeting, 06/04/2011
Power of attorney, Kris HOORNAERT
02-05
State Gazette actRestructuring
Merger1 fact ▸
Merger
2010
25-05
State Gazette actResignation: Jozef Cornu (director)
Appointments: Christian Reinaudo (director) and KPMG (statutory auditor)4 facts ▸
General meeting, 27/04/2010
Director resignation, Jozef Cornu (director)
Director appointment, Christian Reinaudo (director)
Auditor appointment, KPMG (statutory auditor)
2009
10-07
State Gazette actCapital & shares · Miscellaneous
Power of attorney2 facts ▸
General meeting, 16/06/2009
Power of attorney, Bart Van Isterdael
2008
17-03
State Gazette actStatutes amendment · Resignations & appointments
Power of attorney4 facts ▸
General meeting, 28/02/2008
Statutes amendment
Statutes amendment
Power of attorney, Iris Meirlaen
2007
07-06
State Gazette actAppointment: KPMG (statutory auditor)
2 facts ▸
General meeting, 08/05/2007
Auditor appointment, KPMG (statutory auditor)
2006
04-12
State Gazette actResignations: I. Merckx, L. Vanreusel and P. Veithen
Appointments: Frederik Dehing, Marc Olivie and 3 others · Mandate compensation14 facts ▸
General meeting, 17/10/2006
Director resignation, I. Merckx (director)
Director resignation, L. Vanreusel (director)
Director resignation, P. Veithen (director)
Director appointment, Frederik Dehing (director)
Director appointment, Marc Olivie (director)
Director appointment, Marc Op de Beeck (director)
Director appointment, Stefaan Vanhooren (director)
Director appointment, Anne Vleminckx (director)
Mandate compensation, Frederik Dehing
Mandate compensation, Marc Olivie
Mandate compensation, Marc Op de Beeck
+2 further facts in this act
03-07
State Gazette actReappointment: P. Veithen (director)
Mandate compensation3 facts ▸
General meeting, 09/05/2006
Director reappointment, P. Veithen (director)
Mandate compensation, P. Veithen
2004
15-07
State Gazette actAppointment: KPMG (statutory auditor)
Resignation: KPMG (statutory auditor)3 facts ▸
General meeting, 11/05/2004
Auditor appointment, KPMG (statutory auditor)
Auditor resignation, KPMG (statutory auditor)
2003
01-10
State Gazette actResignation: T. Sikkink (director)
Appointment: Pierre Cottenie (director) · Mandate compensation4 facts ▸
General meeting, 22/08/2003
Director resignation, T. Sikkink (director)
Director appointment, Pierre Cottenie (director)
Mandate compensation, Pierre Cottenie
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
78 of 78 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
Permanent representative · since 12-05-2026 · for PJY Management BV
Current
Statutory auditor 1
BP
BV PwC Bedrijfsrevisoren
Statutory auditor · since 29-08-2024
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
De vennootschap stelt zich ten voorwerp de vervaardiging en de verkoop van producten evenals de prestatie van diensten op het gebied van fotochemische en digitale vorming, opname…
Full purpose
De vennootschap stelt zich ten voorwerp de vervaardiging en de verkoop van producten evenals de prestatie van diensten op het gebied van fotochemische en digitale vorming, opname, verwerking, weergave en reproductie van beelden, teksten en tekeningen.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2025 annual accounts of AGFA 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
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
7 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 230 companies in sector 20590 we hold annual accounts for 169. 56 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded22-11-1995
Fiscal year end31-12
Activities, NACEBEL 2025
20590Manufacture of chemicals and chemical products