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AGGAP2

Active
Private limited companyfounded 2025active for 1 yearOppemstraat 37, 3080 Tervuren, BelgiumKBO/BCE: BE 1021.409.406
Summary

The computed 12-month bankruptcy probability of AGGAP2 is 9.0% (elevated). The 2025 annual accounts show negative equity (-€17,256) and a net result of -€47,256. Its solvency ranks better than 23% of 16,833 sector peers (NACE 56, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Full-service restaurants
NACE 56111
1 site
Size
€236,019total assets 2025
Staff
1.7 FTE
Equity
-€17,256
Loss
-€47,256
Turnover not published (micro format)
Financial health
31 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
9.0%
Structure
2025 accounts filed 46 days late
Why 31raises riskSector: Food and beverage service activities (NACE 56)Last filed accounts filed 46 days late; 1 of the last 3 lateLiquidity: current ratio 0.51Founded in 2025Show the evidence

Checked score

Score 2025
31 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 19% of its sector peers (NACE 56, micro)
Financial strength
Weak
Solvency 18
equity -7.3% of total assets
Liquidity 31
short-term debt 64.9%
Profitability 0
return on assets -20.0%
Bankruptcy probability, 12 months
9.0% Elevated
0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,763 companies, NACE 56, micro)
Last 24 months 04-2026: 3.9%lowest value 05-2026: 3.9%● unchanged vs 04-2026lowest value 06-2026: 4.1%▲ +0.2 percentage points vs 05-2026 07-2026: 4.4%▲ +0.3 percentage points vs 06-2026 08-2026: 4.6%▲ +0.2 percentage points vs 07-2026 09-2026: 4.9%▲ +0.3 percentage points vs 08-2026 10-2026: 9.0%▲ +4.1 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.51, below 1; short-term debt: 64.9% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 23% on solvency, 26% on liquidity and 8% on profitability.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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.
raises risk
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Last filed accounts filed 46 days late; 1 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 0.51
NBB · annual accounts
raises risk · Founded in 2025
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
raises risk · 2025 accounts filed 46 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2025
46 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2025.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointment: LAENEN Xavier Charles Ronald…

Financials · financial year 2025, micro format

2025 annual accounts filed late (46 days) Filed on 15 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00514613.

Equity
-€17,256
Total assets
€236,019
Net result
-€47,256
Working capital
-€75,464

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €236,019
Fixed assets €158,276
Current assets €77,743
Equity and liabilities
Equity-€17,256
Debt€253,274
Equity is negative: debt (€253,274) exceeds the balance-sheet total (€236,019).
Key figures and ratios
2025 value
EBITDA
-€25,483
Cash flow
-€29,468
Solvency
-7.3%
Current ratio
0.51
Quick ratio
0.50
ROA
-20.0%
Interest coverage
-6.40
Debt
€253,274
Debt ≤ 1 year
€153,206
Debt > 1 year
€96,897
Staff costs
€53,078
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 1,322 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90.2% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
5.5% stopped otherwise
90.2% still going

For this company itself Checked computes a higher bankruptcy probability: 9.0% 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 497,475 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% 0.9%
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 74.5% 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 1,322 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 · 2025 · 41 lines
Balance sheet Code2025
Assets
Total assets20/58€236,019
Fixed assets21/28€158,276
Intangible fixed assets21€67,945
Tangible fixed assets22/27€90,331
Plant, machinery and equipment23€85,748
Furniture and vehicles24€4,583
Current assets29/58€77,743
Stocks and contracts in progress3€771
Stocks30/36€771
Amounts receivable within one year40/41€76,972
Trade receivables40€73,906
Other amounts receivable41€3,066
Equity and liabilities
Total equity and liabilities10/49€236,019
Equity10/15-€17,256
Contributions10/11€30,000
Profit (loss) carried forward14-€47,256
Amounts payable17/49€253,274
Amounts payable after more than one year17€96,897
Financial debts170/4€96,897
Amounts payable within one year42/48€153,206
Current portion of amounts payable after more than one year42€18,941
Financial debts43€19,704
Credit institutions430/8€19,704
Trade debts44€83,932
Suppliers440/4€83,932
Taxes, remuneration and social security45€23,928
Taxes450/3€9,404
Remuneration and social security454/9€14,523
Other amounts payable47/48€6,702
Accrued charges and deferred income492/3€3,171
Income statement Code2025
Remuneration, social security and pensions62€53,078
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,787
Other operating charges640/8€814
Gross operating margin9900€28,409
Operating profit (loss)9901-€43,271
Financial charges65/66B€3,985
Recurring financial charges65€3,985
Profit (loss) for the period before taxes9903-€47,256
Profit (loss) for the period9904-€47,256
Profit (loss) for the period to be appropriated9905-€47,256
Appropriation of the result
Profit (loss) to be appropriated9906-€47,256

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€53,078
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,787
Other operating charges640/8€814
Gross operating margin9900€28,409
Operating profit (loss)9901-€43,271
Financial charges65/66B€3,985
Recurring financial charges65€3,985
Profit (loss) for the period before taxes9903-€47,256
Profit (loss) for the period9904-€47,256
Profit (loss) for the period to be appropriated9905-€47,256
Line2025
Assets
Total assets20/58€236,019
Fixed assets21/28€158,276
Intangible fixed assets21€67,945
Tangible fixed assets22/27€90,331
Plant, machinery and equipment23€85,748
Furniture and vehicles24€4,583
Current assets29/58€77,743
Stocks and contracts in progress3€771
Stocks30/36€771
Amounts receivable within one year40/41€76,972
Trade receivables40€73,906
Other amounts receivable41€3,066
Equity and liabilities
Total equity and liabilities10/49€236,019
Equity10/15-€17,256
Contributions10/11€30,000
Profit (loss) carried forward14-€47,256
Amounts payable17/49€253,274
Amounts payable after more than one year17€96,897
Financial debts170/4€96,897
Amounts payable within one year42/48€153,206
Current portion of amounts payable after more than one year42€18,941
Financial debts43€19,704
Credit institutions430/8€19,704
Trade debts44€83,932
Suppliers440/4€83,932
Taxes, remuneration and social security45€23,928
Taxes450/3€9,404
Remuneration and social security454/9€14,523
Other amounts payable47/48€6,702
Accrued charges and deferred income492/3€3,171
Line2025
Profit (loss) for the period9904-€47,256
+ Depreciation and write-downs630€17,787
Operating cash flow (approximation)-€29,468

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

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 15-09-2026 2026-00514613

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 20,120 active companies whose main activity is full-service restaurants (NACE 56111), figures are known for 11,698. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2025
LAENEN Xavier Charles Ronald
Director · since 26-03-2025
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2025, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
LAENEN Xavier Charles Ronald
  • Director, from 26-03-2025 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 26-03-2025 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 26-03-2025 Incorporation · €30,000 · 200 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

AGGAP2 was incorporated on 24 March 2025 as a private limited company by one natural person, with a starting capital of €30,000.12 Since 2025, LAENEN Xavier Charles Ronald has served as director of the company.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 26-03-2025
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
15-09
NBB filing Annual accounts filed
financial year 2025 · micro format · 46 days late
2025
26-03
Gazette deed Incorporation
Appointment: LAENEN Xavier Charles Ronald (director) · Founder · Founding capital9 facts ▸
  • Incorporation, “AGGAP2” (deed in Dutch)
  • Founder, LAENEN Xavier Charles Ronald
  • Founding capital, €30,000
  • Other provision, “financieel plan, overhandigd” (deed in Dutch)
  • Bank account, “bijzondere rekening”, 30000 (deed in Dutch)
  • Registered office clause, “3080 Tervuren,Oppemstraat 37” (deed in Dutch)
  • Board rule, 1
  • Director appointment, LAENEN Xavier Charles Ronald (director)
  • Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded24-03-2025
Financial year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID 0208:1021409406
Also 9925:BE1021409406
Registered 29-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 26 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Sint-Pieters-Woluweunit no. 2.372.672.458
1 permission
Authorisation · Eetgelegenheid · since 04-08-2025

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Tervuren · 1 establishment unit since 2025
registered office establishment The establishment unit on the map
Ground area
822 m²
Building footprint
365 m²
Building volume
3,302 m³
2 parcels, Brussels, Flanders · tallest building 17.1 m. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
AGGAP2
Kerkstraat 179, 1150 Sint-Pieters-WoluweFull-service restaurants
since 2025unit no. 2.372.672.458
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Cadastral parcel Region Area Buildings Height / floors
24302K0160/00Y004 Flanders 492 m² 1 · 116 m² 12.3 m · 3
21683D0235/00N000 Brussels 330 m² 1 · 250 m² 17.1 m · 4
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Alle activiteiten die direct of indirect verband houden met de horeca in het algemeen en de horecasector,de organisatie van banketten en…” (deed in Dutch)
8 activities (deed in Dutch)
  1. Alle activiteiten die direct of indirect verband houden met de horeca in het algemeen en de horecasector,de organisatie van banketten en recepties alsmede de cateringservice
  2. De organisatie,het beheer en de exploitatie,onder eigen merk of door franchise of licentie van alle restaurants,cateraars,tavernes,cafetaria's,fastfood of snacks,alle cateringdiensten,evenals de thuisbezorging en straatverkopers
  3. De bereiding,vervaardiging,verpakking,import en export,levering aan huis of ambulante verkoop van alle kant-en-klaarmaaltijden,alle voedingsmiddelen of alle voedingsmiddelen om mee te nemen of om ter plaatse te consumeren,inclusief drankjes
  4. De aan- en verkoop,import en export van alle voedingsproducten in het algemeen en/of gerelateerd aan het voorwerp van de vennootschap,evenals alcoholische dranken
  5. De organisatie van evenementen in bedrijfsgebouwen of op een externe site
  6. Food- of non-fooddiensten verlenen aan restaurants,bedrijven en in het algemeen aan gemeenschappen;deze diensten omvatten food en non-food management,financieel management,personeelsmanagement in restaurants en klantenbedrijven
  7. De oprichting en exploitatie van "coworking-cafés"
  8. Het ter beschikking stellen en verhuren van coworking-ruimtes

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
AGGAP2
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaamse Gewest” (deed in Dutch)

deed of 26-03-2025

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“1, algemene vergadering” (deed in Dutch)
“Alle handelingen nodig of nuttig voor verwezenlijking van voorwerp, handelingen die wet of statuten aan algemene vergadering voorbehouden” (deed in Dutch)

deed of 26-03-2025

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Op naam, register van aandelen op naam” (deed in Dutch)

deed of 26-03-2025

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Second Friday of June at 19:00

deed of 26-03-2025

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Dissolution ruleWhen and by whom the company can be dissolved.
“Beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
One provision in the deed

deed of 26-03-2025

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Drie jaar, controle van de vennootschap” (deed in Dutch)
Other provision: “Toegang tot algemene vergadering, houder effecten op naam ingeschreven in register per categorie effecten” (deed in Dutch)
Other provision: “Bestemming van de winst, algemene vergadering” (deed in Dutch)
Other provision: “Binnen grenzen Wetboek van vennootschappen en verenigingen, instandhouding vermogen:uitkeringen aan aandeelhouders en tantièmes” (deed in Dutch)
Liquidation distribution: “Na aanzuivering schulden,lasten,kosten of consignatie nodige sommen en na herstelling evenwicht tussen aandelen, bijkomende volstorting…” (deed in Dutch)
2 more provisions in the deed, see the deed of 26-03-2025

deed of 26-03-2025