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AGITECH

Active
Private limited companyfounded 20232 yrs activeGrotewinkellaan 31, 1853 Grimbergen, BelgiumKBO/BCE: BE 1001.201.534
Summary

The computed 12-month bankruptcy probability of AGITECH is 2.7% (moderate). The 2024 annual accounts show equity of €29,095 and a net result of €27,595. Its solvency ranks better than 45% of 36377 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability100
Solvency67
Growth-
Track record67
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.57; short-term debt: 25.6% and cash: 33% of total assets), but 57.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
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
42.3%
Return on assets
40.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
37 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 37 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
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

AGITECH was incorporated on 13 October 2023 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

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

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Financials · fiscal year 2024, micro schema

Equity
€29,095
Total assets
€68,822
Net result
€27,595
Working capital
€10,113

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

Balance-sheet composition
Assets €68,822
Fixed assets €41,104
Current assets €27,718
Equity and liabilities €68,822
Equity €29,095
Debt €39,727
Debt finances 57.7% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€40,717
Cash flow
€31,587
Current ratio
1.57
Debt to equity
1.37
ROE
94.8%
ROA
40.1%
Interest coverage
59.88
Debt ≤ 1 year
€17,605
Debt > 1 year
€22,122
Income taxes
€8,450

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.7% 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 39,275 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 · 37 lines
Balance sheet Code2024
Assets
Total assets20/58€68,822
Fixed assets21/28€41,104
Tangible fixed assets22/27€40,816
Furniture and vehicles24€4,160
Leasing and similar rights25€36,656
Financial fixed assets28€288
Current assets29/58€27,718
Amounts receivable within one year40/41€2,977
Trade receivables40€2,260
Other amounts receivable41€717
Cash at bank and in hand54/58€22,689
Deferred charges and accrued income490/1€2,052
Equity and liabilities
Total equity and liabilities10/49€68,822
Equity10/15€29,095
Contributions10/11€1,500
Profit (loss) carried forward14€27,595
Amounts payable17/49€39,727
Amounts payable after more than one year17€22,122
Financial debts170/4€22,122
Amounts payable within one year42/48€17,605
Current portion of amounts payable after more than one year42€5,787
Trade debts44€2,134
Suppliers440/4€2,134
Taxes, remuneration and social security45€8,450
Taxes450/3€8,450
Other amounts payable47/48€1,234
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,992
Other operating charges640/8€2,450
Gross operating margin9900€43,167
Operating profit (loss)9901€36,725
Financial charges65/66B€680
Recurring financial charges65€680
Profit (loss) for the period before taxes9903€36,045
Income taxes67/77€8,450
Profit (loss) for the period9904€27,595
Profit (loss) for the period to be appropriated9905€27,595
Appropriation of the result
Profit (loss) to be appropriated9906€27,595

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

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,992
Other operating charges640/8€2,450
Gross operating margin9900€43,167
Operating profit (loss)9901€36,725
Financial charges65/66B€680
Recurring financial charges65€680
Profit (loss) for the period before taxes9903€36,045
Income taxes67/77€8,450
Profit (loss) for the period9904€27,595
Profit (loss) for the period to be appropriated9905€27,595
Line2024
Assets
Total assets20/58€68,822
Fixed assets21/28€41,104
Tangible fixed assets22/27€40,816
Furniture and vehicles24€4,160
Leasing and similar rights25€36,656
Financial fixed assets28€288
Current assets29/58€27,718
Amounts receivable within one year40/41€2,977
Trade receivables40€2,260
Other amounts receivable41€717
Cash at bank and in hand54/58€22,689
Deferred charges and accrued income490/1€2,052
Equity and liabilities
Total equity and liabilities10/49€68,822
Equity10/15€29,095
Contributions10/11€1,500
Profit (loss) carried forward14€27,595
Amounts payable17/49€39,727
Amounts payable after more than one year17€22,122
Financial debts170/4€22,122
Amounts payable within one year42/48€17,605
Current portion of amounts payable after more than one year42€5,787
Trade debts44€2,134
Suppliers440/4€2,134
Taxes, remuneration and social security45€8,450
Taxes450/3€8,450
Other amounts payable47/48€1,234
Line2024
Profit (loss) for the period9904€27,595
+ Depreciation and write-downs630€3,992
Operating cash flow (approximation)€31,587

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

2025
24-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Grimbergen · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
372 m²
Building footprint
108 m²
Volume, LiDAR
941 m³
Parcel 23084A0346/00Y002, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Grotewinkellaan 31, 1853 Grimbergen
Manufacture of fabricated metal products, except machinery and equipment
since 20232.350.912.883
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23084A0346/00Y002 Flanders 372 m² 1 · 108 m² 11.9 m · 3 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.

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,929 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
Founded13-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33140Repair and maintenance of electrical equipment
43212Electrical installation work in industrial facilities
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1001201534
Registered 09-11-2023

Register as of 26 September 2026 · Peppol Directory

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