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AGHA

Active
Private limited companyfounded 20178 yrs activeKasteeldreef 50, 9230 Wetteren, BelgiumKBO/BCE: BE 0683.851.285
Summary

The computed 12-month bankruptcy probability of AGHA is 1.6% (moderate). The 2024 annual accounts show equity of €261,876 and a net result of -€19,092. Equity is shrinking by ~4.5% per year across the filed fiscal years. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability32▼-3
Solvency52▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.01 in 2023; short-term debt: 37.8% and cash: 0.1% of total assets), and 72.5% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2024
Solvency, return and age of the figures
Solvency
27.5%
Return on assets
-2%
Age of the figures
21 mo
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 16-06-2026, 45 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
45 d early
2024
76 d early
2023
71 d early
2022
76 d early
2021
75 d early
2020
74 d early
2019
58 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 68 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 17 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
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

On 30 October 2017, AGHA was incorporated.1 Total assets went from EUR 627,898 in 2018 to EUR 953,973 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€261,876▼ 6.8%
2023 · €280,968
Total assets
€953,973▼ 5.0%
2023 · €1.0m
Net result
-€19,092▼ 13.3%
2023 · -€16,852
Working capital
-€359,049▲ 1.0%
2023 · -€362,533
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
Line20202021202220232024
Operating result-€30,892▼ 25.0%€8,241€7,825▼ 5.0%€8,309▲ 6.2%€13,002▲ 56.5%
Net result-€52,673▼ 50.3%-€13,072▲ 75.2%-€12,780▲ 2.2%-€16,852▼ 31.9%-€19,092▼ 13.3%
Equity€323,672▲ 684%€310,600▼ 4.0%€297,820▼ 4.1%€280,968▼ 5.7%€261,876▼ 6.8%
Total assets€1.1m▲ 33.5%€1.1m▼ 4.6%€1.0m▼ 3.9%€1.0m▼ 4.4%€953,973▼ 5.0%
Debt€821,372▲ 0.6%€781,506▼ 4.9%€752,123▼ 3.8%€722,755▼ 3.9%€692,096▼ 4.2%
Working capital-€389,648▼ 8.0%-€379,104▲ 2.7%-€368,609▲ 2.8%-€362,533▲ 1.6%-€359,049▲ 1.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0€20,000Operating result 2020: -€30,892-€30,892Net result 2020: -€52,673-€52,673Operating result 2021: €8,241€8,241Net result 2021: -€13,072-€13,072Operating result 2022: €7,825€7,825Net result 2022: -€12,780-€12,780Operating result 2023: €8,309€8,309Net result 2023: -€16,852-€16,852Operating result 2024: €13,002€13,002Net result 2024: -€19,092-€19,09220202021202220232024-€20,000-€10,000€0€10,000Operating result 2022: €7,825€7,820Net result 2022: -€12,780-€12,800Operating result 2023: €8,309€8,310Net result 2023: -€16,852-€16,900Operating result 2024: €13,002€13,000Net result 2024: -€19,092-€19,100202220232024
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 56% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €953,973
Fixed assets €952,662 ▼ 4.6%
Current assets €1,311 ▼ 72.1%
Equity and liabilities €953,973
Equity €261,876 ▼ 6.8%
Debt €692,096 ▼ 4.2%
Debt's share of the balance-sheet total rises from 72.0% to 72.5%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€59,366▲
2023 · €54,672
Cash flow
€27,272▼
2023 · €29,511
Current ratio
0.00▼
2023 · 0.01
Debt to equity
2.64▲
2023 · 2.57
ROE
-7.3%▼
2023 · -6.0%
ROA
-2.0%▼
2023 · -1.7%
Interest coverage
1.85▼
2023 · 2.17
Debt ≤ 1 year
€360,360▼
2023 · €367,231
Debt > 1 year
€331,736▼
2023 · €355,524
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 748 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a small loss
1.3% went bankrupt
1.9% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,338 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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
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% 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 748 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 · 2024 against 2023 · 29 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.0m€953,973▼
Fixed assets21/28€999,025€952,662▼
Tangible fixed assets22/27€999,025€952,662▼
Land and buildings22€999,025€952,662▼
Current assets29/58€4,697€1,311▼
Cash at bank and in hand54/58€4,697€1,311▼
Equity and liabilities
Total equity and liabilities10/49€1.0m€953,973▼
Equity10/15€280,968€261,876▼
Contributions10/11€461,052€461,052=
Profit (loss) carried forward14-€180,084-€199,176▼
Amounts payable17/49€722,755€692,096▼
Amounts payable after more than one year17€355,524€331,736▼
Financial debts170/4€355,524€331,736▼
Amounts payable within one year42/48€367,231€360,360▼
Current portion of amounts payable after more than one year42€23,435€23,788▲
Taxes, remuneration and social security45€5,730€7,907▲
Taxes450/3€5,730€7,907▲
Other amounts payable47/48€338,065€328,665▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,363€46,364=
Other operating charges640/8€6,753€4,251▼
Gross operating margin9900€61,425€63,617▲
Operating profit (loss)9901€8,309€13,002▲
Financial charges65/66B€25,161€32,094▲
Recurring financial charges65€25,161€32,094▲
Profit (loss) for the period before taxes9903-€16,852-€19,092▼
Profit (loss) for the period9904-€16,852-€19,092▼
Profit (loss) for the period to be appropriated9905-€16,852-€19,092▼
Appropriation of the result
Profit (loss) to be appropriated9906-€180,084-€199,176▼
Profit (loss) brought forward from the previous period14P-€163,232-€180,084▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,364€46,363€46,363€46,363€46,364=
Other operating charges640/8-€1,127€3,701€6,753€4,251▼ 37.0%
Gross operating margin9900€16,077€55,731€57,889€61,425€63,617▲ 3.6%
Operating profit (loss)9901-€30,892€8,241€7,825€8,309€13,002▲ 56.5%
Financial charges65/66B-€21,313€20,605€25,161€32,094▲ 27.6%
Recurring financial charges65€21,781€21,313€20,605€25,161€32,094▲ 27.6%
Profit (loss) for the period before taxes9903-€52,673-€13,072-€12,780-€16,852-€19,092▼ 13.3%
Profit (loss) for the period9904-€52,673-€13,072-€12,780-€16,852-€19,092▼ 13.3%
Profit (loss) for the period to be appropriated9905-€52,673-€13,072-€12,780-€16,852-€19,092▼ 13.3%
Line20202021202220232024Change
Assets
Total assets20/58€1.1m€1.1m€1.0m€1.0m€953,973▼ 5.0%
Fixed assets21/28€1.1m€1.1m€1.0m€999,025€952,662▼ 4.6%
Tangible fixed assets22/27€1.1m€1.1m€1.0m€999,025€952,662▼ 4.6%
Land and buildings22-€1.1m€1.0m€999,025€952,662▼ 4.6%
Current assets29/58€6,929€353€4,554€4,697€1,311▼ 72.1%
Cash at bank and in hand54/58€6,929€353€4,554€4,697€1,311▼ 72.1%
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.1m€1.0m€1.0m€953,973▼ 5.0%
Equity10/15€323,672€310,600€297,820€280,968€261,876▼ 6.8%
Contributions10/11-€461,052€461,052€461,052€461,052=
Profit (loss) carried forward14-€137,380-€150,452-€163,232-€180,084-€199,176▼ 10.6%
Amounts payable17/49€821,372€781,506€752,123€722,755€692,096▼ 4.2%
Amounts payable after more than one year17€424,795€402,048€378,960€355,524€331,736▼ 6.7%
Financial debts170/4-€402,048€378,960€355,524€331,736▼ 6.7%
Amounts payable within one year42/48€396,578€379,458€373,163€367,231€360,360▼ 1.9%
Current portion of amounts payable after more than one year42-€22,746€23,088€23,435€23,788▲ 1.5%
Trade debts44€149-----
Taxes, remuneration and social security45-€4,377€4,265€5,730€7,907▲ 38.0%
Taxes450/3-€4,377€4,265€5,730€7,907▲ 38.0%
Other amounts payable47/48-€352,334€345,809€338,065€328,665▼ 2.8%
Line20202021202220232024Change
Profit (loss) for the period9904-€52,673-€13,072-€12,780-€16,852-€19,092▼ 13.3%
+ Depreciation and write-downs630€46,364€46,363€46,363€46,363€46,364=
Operating cash flow (approximation)-€6,310€33,291€33,583€29,511€27,272▼ 7.6%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€6,576€4,201€143-€3,387▼ 2,463%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
16-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
16-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
21-05
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
16-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
17-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
18-05
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Weakest financial yearnet -€52,673
Net result drops to -€52,673, the lowest in the series; recovery starts the following year.
31-12
Financial Equity above €200,000Eq €323,672 ▲684%
Equity rises from €41,293 to €323,672.
03-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
20-05
NBB filing Annual accounts filed
fiscal year 2018 · micro 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, Wetteren · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
1,603 m²
Building footprint
225 m²
Volume, LiDAR
1,032 m³
Parcel 42302C0245/02C000, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AGHA
Kasteeldreef 50, 9230 WetterenHoldings
since 20172.270.040.520
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42302C0245/02C000 Flanders 1,603 m² 1 · 225 m² 7.6 m · 1 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded30-10-2017
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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

Register as of 29 September 2026 · Peppol Directory

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