AGM
ActiveSummary
AGM has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €163k and a net result of €19k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 88% of 3200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▲+43
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 17.05 against 7.02 in 2024; short-term debt: 5.9% and cash: 6% of total assets), and 5.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.1%
Return on assets
10.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
17 d late
2024
50 d late
2023
27 d late
2022
22 d late
2021
34 d early
2020
50 d early
2019
37 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19k
2024 · €-11k
2018: €26khighest in 8 years
2019: €7k▼ -71.8% vs 2018
2020: €-15k▼ -306% vs 2019lowest in 8 years
2021: €-1k▲ +92.8% vs 2020
2022: €89▲ +108% vs 2021
2023: €-5k▼ -5702% vs 2022
2024: €-11k▼ -115% vs 2023
2025: €19k▲ +276% vs 2024
2018 → 2025
Working capital
€163k▲ 13.7%
2024 · €143k
2018: €168k
2019: €176k▲ +4.3% vs 2018highest in 8 years
2020: €155k▼ -12.0% vs 2019
2021: €154k▼ -0.4% vs 2020
2022: €156k▲ +1.4% vs 2021
2023: €153k▼ -1.9% vs 2022
2024: €143k▼ -6.5% vs 2023lowest in 8 years
2025: €163k▲ +13.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€160k-€160k▲ 0.1%€155k▼ 3.1%€144k▼ 6.9%€163k▲ 13.1%
2021: €160k
2022: €160k▲ +0.1% vs 2021
2023: €155k▼ -3.1% vs 2022
2024: €144k▼ -6.9% vs 2023lowest in 5 years
2025: €163k▲ +13.1% vs 2024highest in 5 years
Operating result€374-€4k▲ 1,086%€-1k€-12k▼ 713%€22k
2021: €374
2022: €4k▲ +1086% vs 2021
2023: €-1k▼ -132% vs 2022
2024: €-12k▼ -713% vs 2023lowest in 5 years
2025: €22k▲ +292% vs 2024highest in 5 years
Net result€-1k-€89€-5k€-11k▼ 115%€19k
2021: €-1k
2022: €89▲ +108% vs 2021
2023: €-5k▼ -5702% vs 2022
2024: €-11k▼ -115% vs 2023lowest in 5 years
2025: €19k▲ +276% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €22k after a loss of €12k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €173k
Equity
€163k ▲ 13.1%
Debt
€10k ▼ 57.4%
Debt's share of the balance-sheet total falls from 14.2% to 5.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
17.05▲
2024 · 7.02
Debt to equity
0.06▼
2024 · 0.17
ROE
11.6%▲
2024 · -7.5%
ROA
10.9%▲
2024 · -6.4%
Debt ≤ 1 year
€10k▼
2024 · €24k
Income taxes
€10k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€168k€173k▲
Fixed assets21/28€757-
Tangible fixed assets22/27€757-
Furniture and vehicles24€757-
Current assets29/58€167k€173k▲
Amounts receivable within one year40/41€140k€163k▲
Trade receivables40€3k€896▼
Other amounts receivable41€137k€162k▲
Cash at bank and in hand54/58€27k€10k▼
Equity and liabilities
Total equity and liabilities10/49€168k€173k▲
Equity10/15€144k€163k▲
Contributions10/11€64k€64k=
Capital10€64k€64k=
Issued capital100€64k€64k=
Reserves13€14k€14k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€66k€85k▲
Amounts payable17/49€24k€10k▼
Amounts payable within one year42/48€24k€10k▼
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Taxes, remuneration and social security45€18k€7k▼
Taxes450/3€18k€7k▼
Other amounts payable47/48€3k€1k▼
Income statement
Code20242025
Non-recurring operating income76A-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€817-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15k-
Other operating charges640/8€3k€1k▼
Non-recurring operating charges66A-€757
Gross operating margin9900€7k€24k▲
Operating profit (loss)9901€-12k€22k▲
Financial income75/76B€7k€7k▼
Recurring financial income75€7k€7k▼
Profit (loss) for the period before taxes9903€-4k€29k▲
Income taxes67/77€7k€10k▲
Profit (loss) for the period9904€-11k€19k▲
Profit (loss) for the period to be appropriated9905€-11k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€66k€85k▲
Profit (loss) brought forward from the previous period14P€77k€66k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €7k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €2k | €817 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €15k | - | - |
| Other operating charges640/8 | €14k | €2k | €2k | €3k | €1k | ▼ 45.9% |
| Non-recurring operating charges66A | - | - | - | - | €757 | - |
| Gross operating margin9900 | €17k | €9k | €2k | €7k | €24k | ▲ 242% |
| Operating profit (loss)9901 | €374 | €4k | €-1k | €-12k | €22k | ▲ 292% |
| Financial income75/76B | €3k | €5k | €5k | €7k | €7k | ▼ 3.5% |
| Recurring financial income75 | €3k | €5k | €5k | €7k | €7k | ▼ 3.5% |
| Financial charges65/66B | €313 | €234 | €388 | - | - | - |
| Recurring financial charges65 | €313 | €234 | €388 | - | - | - |
| Profit (loss) for the period before taxes9903 | €3k | €10k | €4k | €-4k | €29k | ▲ 812% |
| Income taxes67/77 | €4k | €9k | €9k | €7k | €10k | ▲ 58.3% |
| Profit (loss) for the period9904 | €-1k | €89 | €-5k | €-11k | €19k | ▲ 276% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €89 | €-5k | €-11k | €19k | ▲ 276% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €207k | €177k | €178k | €168k | €173k | ▲ 3.1% |
| Fixed assets21/28 | €6k | €4k | €2k | €757 | - | - |
| Tangible fixed assets22/27 | €6k | €4k | €2k | €757 | - | - |
| Furniture and vehicles24 | €6k | €4k | €2k | €757 | - | - |
| Current assets29/58 | €201k | €173k | €176k | €167k | €173k | ▲ 3.6% |
| Amounts receivable within one year40/41 | €155k | €146k | €169k | €140k | €163k | ▲ 16.2% |
| Trade receivables40 | €83k | €48k | €46k | €3k | €896 | ▼ 65.3% |
| Other amounts receivable41 | €72k | €98k | €123k | €137k | €162k | ▲ 17.7% |
| Cash at bank and in hand54/58 | €40k | €20k | €6k | €27k | €10k | ▼ 61.5% |
| Deferred charges and accrued income490/1 | €7k | €7k | €980 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €207k | €177k | €178k | €168k | €173k | ▲ 3.1% |
| Equity10/15 | €160k | €160k | €155k | €144k | €163k | ▲ 13.1% |
| Contributions10/11 | €64k | €64k | €64k | €64k | €64k | = |
| Capital10 | €64k | €64k | €64k | €64k | €64k | = |
| Issued capital100 | €64k | €64k | €64k | €64k | €64k | = |
| Reserves13 | €14k | €14k | €14k | €14k | €14k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €7k | €7k | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €82k | €82k | €77k | €66k | €85k | ▲ 28.5% |
| Amounts payable17/49 | €47k | €17k | €23k | €24k | €10k | ▼ 57.4% |
| Amounts payable within one year42/48 | €47k | €17k | €23k | €24k | €10k | ▼ 57.4% |
| Trade debts44 | €37k | €3k | €3k | €3k | €1k | ▼ 66.3% |
| Suppliers440/4 | €37k | €3k | €3k | €3k | €1k | ▼ 66.3% |
| Taxes, remuneration and social security45 | €10k | €13k | €19k | €18k | €7k | ▼ 57.2% |
| Taxes450/3 | €10k | €13k | €19k | €18k | €7k | ▼ 57.2% |
| Other amounts payable47/48 | €1k | €1k | €1k | €3k | €1k | ▼ 47.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €89 | €-5k | €-11k | €19k | ▲ 276% |
| + Depreciation and write-downs630 | €3k | €2k | €2k | €817 | - | - |
| Operating cash flow (approximation) | €2k | €2k | €-3k | €-10k | €19k | ▲ 291% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €-20k | €-14k | €21k | €-17k | ▼ 180% |
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
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 17 days late
2025
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 17.05
Current ratio from 7.02 to 17.05; short-term debt falls from €24k to €10k.
31-12
Financial
Equity above €150kEq €163k ▲13.1%
Equity rises from €144k to €163k.
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 50 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Back to profitnet €89
Net result €89 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 10.13
Current ratio from 4.24 to 10.13; short-term debt falls from €47k to €17k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
Show earlier events
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Ans
Ground area
2,426 m²
Building footprint
236 m²
Volume, LiDAR
1,607 m³
Parcel 62001A0332/00E002, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62001A0332/00E002 | Wallonia | 2,426 m² | 1 · 236 m² | 8.9 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,751 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.