AGM CONSTRUCT
ActiveSummary
AGM CONSTRUCT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61,368 and a net result of €20,753. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 69% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+96
Solvency89▲+10
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.77 against 2.14 in 2024; short-term debt: 35.9% and cash: 72.7% of total assets), and 35.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
64.1%
Return on assets
21.7%
Age of the figures
9 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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
42 d early
2023
44 d early
2022
16 d early
2021
40 d early
2020
2 d early
2019
14 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 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 (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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€61,368▲ 40.4%
2024 · €43,700
Total assets
€95,726▲ 17.9%
2024 · €81,206
Net result
€20,753
2024 · -€34,107
Working capital
€60,978▲ 42.1%
2024 · €42,920
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€10,441▼ 31.3%€7,754▼ 25.7%€38,138▲ 392%-€31,355€24,256
Net result€8,786within the sector's middle half▼ 28.1%€3,085within the sector's middle half▼ 64.9%€24,637within the sector's middle half▲ 699%-€34,107below the sector's middle half€20,753within the sector's middle half
Equity€50,085within the sector's middle half▲ 21.3%€53,170within the sector's middle half▲ 6.2%€77,807within the sector's middle half▲ 46.3%€43,700within the sector's middle half▼ 43.8%€61,368within the sector's middle half▲ 40.4%
Total assets€91,048within the sector's middle half▲ 25.6%€95,380within the sector's middle half▲ 4.8%€120,189within the sector's middle half▲ 26.0%€81,206within the sector's middle half▼ 32.4%€95,726within the sector's middle half▲ 17.9%
Debt€40,963▲ 31.2%€42,210▲ 3.0%€42,383▲ 0.4%€37,506▼ 11.5%€34,358▼ 8.4%
Working capital€49,062▲ 1.6%€52,356▲ 6.7%€77,200▲ 47.5%€42,920▼ 44.4%€60,978▲ 42.1%
Solvency55.0%within the sector's middle half▼ 1.9pp55.7%within the sector's middle half▲ 0.7pp64.7%within the sector's middle half▲ 9.0pp53.8%within the sector's middle half▼ 10.9pp64.1%within the sector's middle half▲ 10.3pp
Staff (FTE)3▲ 7.1%44=4=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €24,256 after a loss of €31,355 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95,726
Fixed assets
€389 ▼ 50.1%
Current assets
€95,337 ▲ 18.5%
Equity and liabilities €95,726
Equity
€61,368 ▲ 40.4%
Debt
€34,358 ▼ 8.4%
Debt's share of the balance-sheet total falls from 46.2% to 35.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24,646▲
2024 · -€30,974
Cash flow
€21,144▲
2024 · -€33,726
Current ratio
2.77▲
2024 · 2.14
Debt to equity
0.56▼
2024 · 0.86
ROE
33.8%▲
2024 · -78.0%
ROA
21.7%▲
2024 · -42.0%
Interest coverage
20.01▲
2024 · -12.11
Debt ≤ 1 year
€34,358▼
2024 · €37,506
Income taxes
€2,271▲
2024 · €213
Staff costs
€101,981▼
2024 · €107,865
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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%.
| 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 34,672 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €79,098 | €82,595 | €111,827 | €107,865 | €101,981 | ▼ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43 | €208 | €208 | €380 | €391 | ▲ 2.8% |
| Other operating charges640/8 | €956 | €3,838 | €1,109 | €1,075 | €3,347 | ▲ 211% |
| Gross operating margin9900 | €90,538 | €94,395 | €151,283 | €77,966 | €129,975 | ▲ 66.7% |
| Operating profit (loss)9901 | €10,441 | €7,754 | €38,138 | -€31,355 | €24,256 | ▲ 177% |
| Financial income75/76B | €0 | €263 | €1 | €20 | €0 | ▼ 100.0% |
| Recurring financial income75 | €0 | €263 | €1 | €20 | €0 | ▼ 100.0% |
| Financial charges65/66B | €874 | €3,108 | €3,033 | €2,559 | €1,232 | ▼ 51.9% |
| Recurring financial charges65 | €874 | €3,108 | €3,033 | €2,559 | €1,232 | ▼ 51.9% |
| Profit (loss) for the period before taxes9903 | €9,568 | €4,909 | €35,105 | -€33,893 | €23,024 | ▲ 168% |
| Income taxes67/77 | €782 | €1,824 | €10,469 | €213 | €2,271 | ▲ 965% |
| Profit (loss) for the period9904 | €8,786 | €3,085 | €24,637 | -€34,107 | €20,753 | ▲ 161% |
| Profit (loss) for the period to be appropriated9905 | €8,786 | €3,085 | €24,637 | -€34,107 | €20,753 | ▲ 161% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,048 | €95,380 | €120,189 | €81,206 | €95,726 | ▲ 17.9% |
| Fixed assets21/28 | €1,022 | €814 | €606 | €780 | €389 | ▼ 50.1% |
| Tangible fixed assets22/27 | €997 | €789 | €581 | €755 | €364 | ▼ 51.8% |
| Plant, machinery and equipment23 | €997 | €789 | €581 | €755 | €364 | ▼ 51.8% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €90,025 | €94,566 | €119,583 | €80,426 | €95,337 | ▲ 18.5% |
| Amounts receivable within one year40/41 | €58,645 | €26,733 | €28,369 | €26,972 | €18,744 | ▼ 30.5% |
| Trade receivables40 | €56,255 | €25,828 | €26,565 | €24,938 | €16,519 | ▼ 33.8% |
| Other amounts receivable41 | €2,390 | €904 | €1,804 | €2,034 | €2,225 | ▲ 9.4% |
| Cash at bank and in hand54/58 | €31,381 | €67,833 | €85,926 | €48,086 | €69,562 | ▲ 44.7% |
| Deferred charges and accrued income490/1 | - | - | €5,288 | €5,368 | €7,031 | ▲ 31.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,048 | €95,380 | €120,189 | €81,206 | €95,726 | ▲ 17.9% |
| Equity10/15 | €50,085 | €53,170 | €77,807 | €43,700 | €61,368 | ▲ 40.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €4,945 | €29,582 | €29,582 | €47,249 | ▲ 59.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €3,085 | €27,722 | €27,722 | €45,389 | ▲ 63.7% |
| Profit (loss) carried forward14 | €42,025 | €42,025 | €42,025 | €7,918 | €7,918 | = |
| Amounts payable17/49 | €40,963 | €42,210 | €42,383 | €37,506 | €34,358 | ▼ 8.4% |
| Amounts payable within one year42/48 | €40,963 | €42,210 | €42,383 | €37,506 | €34,358 | ▼ 8.4% |
| Trade debts44 | €7,357 | €14,767 | €9,721 | €2,363 | €5,714 | ▲ 142% |
| Suppliers440/4 | €7,357 | €14,767 | €9,721 | €2,363 | €5,714 | ▲ 142% |
| Taxes, remuneration and social security45 | €20,940 | €16,752 | €20,019 | €23,891 | €17,882 | ▼ 25.2% |
| Taxes450/3 | €20,379 | €13,512 | €16,852 | €15,972 | €10,704 | ▼ 33.0% |
| Remuneration and social security454/9 | €561 | €3,241 | €3,167 | €7,919 | €7,177 | ▼ 9.4% |
| Other amounts payable47/48 | €12,666 | €10,690 | €12,642 | €11,252 | €10,763 | ▼ 4.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,786 | €3,085 | €24,637 | -€34,107 | €20,753 | ▲ 161% |
| + Depreciation and write-downs630 | €43 | €208 | €208 | €380 | €391 | ▲ 2.8% |
| Operating cash flow (approximation) | €8,829 | €3,293 | €24,845 | -€33,726 | €21,144 | ▲ 163% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€554 | €0 | ▲ 100% |
| Change in cash | - | €36,452 | €18,093 | -€37,840 | €21,475 | ▲ 157% |
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
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €20,753
Net result €20,753 after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€34,107
Net result drops to -€34,107, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €24,637 ▲699%
Operating result €38,138, net result €24,637, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Binche · 1 establishment unit since 2009
Ground area
1,035 m²
Building footprint
151 m²
Parcel 56063A0137/00G002, Wallonia. Linked by address, not a title deed.
1 establishment unit
AGM CONSTRUCT
since 20092.179.332.652
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56063A0137/00G002 | Wallonia | 1,035 m² | 1 · 151 m² | - |
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 11,141 companies in sector 43910 we hold annual accounts for 5,492. 4,765 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
Founded02-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43990Other specialised construction activities
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0816711393
Also
9925:BE0816711393
Registered
30-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.