Result
-€91,795 ▼ 235%
The result fell in 2025 from -€27,373 to -€91,795.
AGHA
Lifetime
18 annual accounts with figures on one time axis, 36 filings since 1990peak €698,724 (2011)
€444,281▼ 10.6%
lowest -€283,732 (2008)
-€91,795▼ €64,422
peak €9.1m (2023)
€8.9m▼ 1.0%
€6.1m▲ 6.2%
Board3 names since 2019
1 directorWAIT Andrew Philip
Documentsfilings and deeds
24-07-20267 days before the deadline
2025financial year
Loss of €91,795
Key points
from the 2025 annual accountsFilings
36 annual accounts since 1990
Eight of the last ten came late. The 2024 accounts came latest: 77 days after the end of the period.
Position in the sector
-€91,795
Lower net result than 82% of companies in real estate. Sector median €20,526 · 5,817 companies.
Checked score
94
Excellent
Financially stronger than 53% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.4%▲ +0.2 percentage points vs 09-2025highest value
11-2025: 0.1%▼ -0.3 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 2.40, cash €206,266
1 of the last 3 accounts late
lowers risk
Size: total assets €15.0m
Founded in 1989
Calculation
The band follows from the bankruptcy probability. 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 68, medium-sized). It does better than 76% of them on solvency, 35% on liquidity, 66% on profitability and 36% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 830 companies had the same profile as AGHA has now. Each dot stands for 3 companies, two years later.
96.5%
were still trading
2.9%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of AGHA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 830 companies, not a prediction for AGHA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.4 (2.85 in 2024), above the usual 1.5. Short-term debt is 24.6% and cash 1.4% of total assets. 40.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 days early
2024
77 days late
2023
28 days late
2022
57 days late
2021
10 days late
2020
31 days late
2019
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 32 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0439123453
Appointment: WAIT Andrew Philip (sole director)
Gazette deed
Resignation: Verwilghen Paul (director)
General meeting of 20-04-2023 · Gazette deed
Reappointment: Wait Andrew (director)
General meeting of 31-01-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AGHA Forest | €15.0m | €444,281 | 59.6% | - |
| CEPRIM Woluwe-Saint-Lambert | €15.3m | €450,039 | 38.3% | 0 |
| ANVIPAR SA Brussels | €14.0m | €517,542 | 90.2% | - |
| AARE Asse | €13.7m | €444,834 | 65.9% | - |
| PAEPSEM Ghent | €13.7m | €409,495 | 57.8% | - |
| RUDAN Pepingen | €15.7m | €573,103 | 63.2% | 1 |
| MECHBAL & Fils Brussels | €17.5m | €485,450 | 7.5% | - |
These companies have the same main activity as AGHA: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €14m and €18m, founded between 1987 and 1999.
Official details
Source: KBO- Status
- Active since 15-12-1989Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.046.296.6571190 Forest, since 29-12-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 18-11-2025
Annual accounts 2025
- ≈ €490,000estimated
- €15.0m▲ 1.8%
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on AGHA
AGHA has existed since 1989. In 2011 the gross margin rose from €209,753 to €698,724.
The gross margin has fallen every year since 2022.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AGHA
- What is the company number of AGHA?
- The company number of AGHA is 0439.123.453. The VAT number is the same number with BE in front: BE 0439.123.453.
- Where is AGHA based?
- The registered office is at Parklaan 140, 1190 Forest.Company details
- What does AGHA do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of AGHA?
- AGHA is a public limited company (NV).
- When was AGHA founded?
- AGHA was founded on 15-12-1989.
- Is AGHA still active?
- Yes, AGHA is an active enterprise in the KBO register.
- What is the turnover of AGHA?
- The turnover in financial year 2025 is ≈ €490,000. This figure is estimated from the gross margin of €444,281 and 39 comparable companies (NACE 68203). It probably lies between €470,000 and €610,000.Financials
- Is AGHA profitable?
- In financial year 2025, AGHA made a loss of €91,795.
- Where can I find the annual accounts of AGHA?
- AGHA filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AGHA due?
- AGHA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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