AGG CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for AGG CONSTRUCT according to publications in the Belgian State Gazette; curator: WIM DE SCHUYMER.
Summary
The 2023 annual accounts show equity of €91,950 and a net result of €49,171.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ghent division
- Declared bankrupt
- 16 September 2025
- Supervising judge
- Isabelle Van Vooren
- Official Gazette
- 22-09-2025 (pdf) ↗search the document for 2025/137794
Curator
- Wim De SchuymerHeerweg-Zuid 2/001, 9052 Zwijnaardewim@dslegal.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Site preparation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€91,950▲ 115%
2022 · €42,779
Total assets
€813,432▲ 79.0%
2022 · €454,483
Net result
€49,171▲ 146%
2022 · €19,992
Working capital
-€32,822▲ 45.2%
2022 · -€59,916
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
Line2020202120222023
Operating result€3,074-€20,798▲ 577%€25,554▲ 22.9%€58,747▲ 130%
Net result€1,510-€17,277▲ 1,044%€19,992▲ 15.7%€49,171▲ 146%
Equity€5,510-€22,787▲ 314%€42,779▲ 87.7%€91,950▲ 115%
Total assets€27,924-€121,412▲ 335%€454,483▲ 274%€813,432▲ 79.0%
Debt€22,414-€98,626▲ 340%€411,704▲ 317%€721,483▲ 75.2%
Working capital€2,907-€3,375▲ 16.1%-€59,916-€32,822▲ 45.2%
Staff (FTE)1.32.2▲ 69.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2023 is 130% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €813,432
Fixed assets
€407,992 ▲ 12.0%
Current assets
€405,440 ▲ 350%
Equity and liabilities €813,432
Equity
€91,950 ▲ 115%
Debt
€721,483 ▲ 75.2%
Debt's share of the balance-sheet total falls from 90.6% to 88.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€171,699▲
2022 · €56,874
Cash flow
€162,123▲
2022 · €51,312
Current ratio
0.93▲
2022 · 0.60
Debt to equity
7.85▼
2022 · 9.62
ROE
53.5%▲
2022 · 46.7%
ROA
6.0%▲
2022 · 4.4%
Interest coverage
13.64▲
2022 · 8.28
Debt ≤ 1 year
€438,262▲
2022 · €149,965
Debt > 1 year
€283,221▲
2022 · €261,739
Staff costs
€159,002▲
2022 · €74,845
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €74,845 | €159,002 | ▲ 112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,061 | €3,438 | €31,320 | €112,952 | ▲ 261% |
| Other operating charges640/8 | - | - | €2,153 | €4,446 | ▲ 107% |
| Gross operating margin9900 | €6,165 | €78,647 | €133,871 | €335,148 | ▲ 150% |
| Operating profit (loss)9901 | €3,074 | €20,798 | €25,554 | €58,747 | ▲ 130% |
| Financial income75/76B | - | - | €1,307 | €3,015 | ▲ 131% |
| Recurring financial income75 | - | €961 | €1,307 | €3,015 | ▲ 131% |
| Financial charges65/66B | - | - | €6,869 | €12,592 | ▲ 83.3% |
| Recurring financial charges65 | €36 | €1,821 | €6,869 | €12,592 | ▲ 83.3% |
| Profit (loss) for the period before taxes9903 | €3,037 | €19,938 | €19,992 | €49,171 | ▲ 146% |
| Income taxes67/77 | €1,528 | €2,661 | - | - | - |
| Profit (loss) for the period9904 | €1,510 | €17,277 | €19,992 | €49,171 | ▲ 146% |
| Profit (loss) for the period to be appropriated9905 | €1,510 | €17,277 | €19,992 | €49,171 | ▲ 146% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €27,924 | €121,412 | €454,483 | €813,432 | ▲ 79.0% |
| Fixed assets21/28 | €13,041 | €60,353 | €364,434 | €407,992 | ▲ 12.0% |
| Tangible fixed assets22/27 | €13,041 | €56,603 | €360,684 | €404,242 | ▲ 12.1% |
| Plant, machinery and equipment23 | - | - | €16,686 | €26,818 | ▲ 60.7% |
| Furniture and vehicles24 | - | - | €7,041 | €5,719 | ▼ 18.8% |
| Leasing and similar rights25 | - | - | €336,957 | €371,705 | ▲ 10.3% |
| Financial fixed assets28 | - | €3,750 | €3,750 | €3,750 | = |
| Current assets29/58 | €14,883 | €61,059 | €90,049 | €405,440 | ▲ 350% |
| Amounts receivable within one year40/41 | €9,638 | €52,189 | €69,532 | €389,589 | ▲ 460% |
| Trade receivables40 | - | - | €29,609 | €277,910 | ▲ 839% |
| Other amounts receivable41 | - | - | €39,923 | €111,680 | ▲ 180% |
| Cash at bank and in hand54/58 | €5,245 | €8,870 | €9,342 | €15,850 | ▲ 69.7% |
| Deferred charges and accrued income490/1 | - | - | €11,175 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €27,924 | €121,412 | €454,483 | €813,432 | ▲ 79.0% |
| Equity10/15 | €5,510 | €22,787 | €42,779 | €91,950 | ▲ 115% |
| Contributions10/11 | - | - | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €1,510 | €18,787 | €38,779 | €87,950 | ▲ 127% |
| Amounts payable17/49 | €22,414 | €98,626 | €411,704 | €721,483 | ▲ 75.2% |
| Amounts payable after more than one year17 | €10,439 | €40,941 | €261,739 | €283,221 | ▲ 8.2% |
| Financial debts170/4 | - | - | €261,739 | €283,221 | ▲ 8.2% |
| Amounts payable within one year42/48 | €11,975 | €57,684 | €149,965 | €438,262 | ▲ 192% |
| Current portion of amounts payable after more than one year42 | - | - | €65,501 | €88,978 | ▲ 35.8% |
| Trade debts44 | €3,447 | €32,808 | €56,212 | €156,159 | ▲ 178% |
| Suppliers440/4 | - | - | €56,212 | €156,159 | ▲ 178% |
| Advances received on contracts in progress46 | - | - | - | €154,332 | - |
| Taxes, remuneration and social security45 | - | - | €28,252 | €38,793 | ▲ 37.3% |
| Taxes450/3 | - | - | €13,016 | €22,649 | ▲ 74.0% |
| Remuneration and social security454/9 | - | - | €15,236 | €16,144 | ▲ 6.0% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,510 | €17,277 | €19,992 | €49,171 | ▲ 146% |
| + Depreciation and write-downs630 | €3,061 | €3,438 | €31,320 | €112,952 | ▲ 261% |
| Operating cash flow (approximation) | €4,570 | €20,715 | €51,312 | €162,123 | ▲ 216% |
| Investment in fixed assets (approximation) | - | -€50,750 | -€335,401 | -€156,511 | ▲ 53.3% |
| Change in cash | - | €3,625 | €472 | €6,508 | ▲ 1,279% |
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
2025
22-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 16-09-2025
2024
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 100 days late
2023
31-03
Financial
Highest result since 2020net €49,171 ▲146%
Operating result €58,747, net result €49,171, both a record.
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
14-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 75 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 2019
Ground area
84 m²
Building footprint
75 m²
Volume, LiDAR
422 m³
Parcel 44032A0181/00C004, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AGG CONSTRUCT
since 20192.290.675.388
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44032A0181/00C004 | Flanders | 84 m² | 1 · 75 m² | 9.8 m · 2 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WIM DE SCHUYMER HEERWEG-ZUID 2/001,
9052 ZWIJNAARDE |
16-09-2025 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 6,000 EUR awarded · 6,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 6,000 EUR | 6,000 EUR |
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Of 8,462 companies in sector 43120 we hold annual accounts for 3,231. 2,643 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-05-2019
Fiscal year end31-03
Activities, NACEBEL 2025
43120Site preparation
Scores and ratios are computed by Checked and are not a credit decision.