AGORA
ActiveSummary
AGORA has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€307,494) and a net result of -€582,728. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 7% of 731 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-31
Solvency0▼-34
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.73 against 1.09 in 2024; short-term debt: 122% and cash: 3.6% of total assets), and equity is negative.
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Signals
Seven 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
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 2025Solvency, return and age of the figures
Solvency
-29%
Return on assets
-55%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€307,494
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
1 d early
2023
48 d early
2022
12 d early
2021
4 d early
2020
18 d early
2019
21 d early
← 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 12 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€582,728
2024 · €3,420
Working capital
-€346,853
2024 · €117,329
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
Line20212022202320242025
Operating result€34,935▼ 16.5%€44,901▲ 28.5%€78,633▲ 75.1%€70,801▼ 10.0%-€517,789
Net result€2,155▼ 20.7%€10,123▲ 370%€5,250▼ 48.1%€3,420▼ 34.9%-€582,728
Equity€125,439▲ 1.7%€135,562▲ 8.1%€140,813▲ 3.9%€144,233▲ 2.4%-€307,494
Total assets€1.5m▲ 17.1%€1.5m▼ 0.5%€1.5m▲ 1.9%€1.6m▲ 4.6%€1.1m▼ 32.5%
Debt€1.4m▲ 18.8%€1.3m▼ 1.3%€1.4m▲ 1.7%€1.4m▲ 4.8%€1.4m▼ 4.1%
Working capital€145,013▲ 40.3%€143,904▼ 0.8%€138,400▼ 3.8%€117,329▼ 15.2%-€346,853
Staff (FTE)3.1▲ 47.6%3.8▲ 22.6%4.3▲ 13.2%3.9▼ 9.3%3.9=
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €517,789 after €70,801 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€114,007 ▼ 18.3%
Current assets
€945,148 ▼ 33.9%
Key figures and ratios
EBITDA
-€494,715▼
2024 · €102,048
Cash flow
-€559,654▼
2024 · €34,667
Solvency
-29.0%▼
2024 · 9.2%
Current ratio
0.73▼
2024 · 1.09
Debt to equity
-4.44▼
2024 · 9.88
ROA
-55.0%▼
2024 · 0.2%
Interest coverage
-7.43▼
2024 · 1.46
Debt ≤ 1 year
€1.3m▼
2024 · €1.3m
Debt > 1 year
€59,096▼
2024 · €85,760
Income taxes
-€618▼
2024 · €618
Staff costs
€285,995▲
2024 · €264,969
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €173,578 | €246,276 | €289,450 | €264,969 | €285,995 | ▲ 7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,781 | €30,501 | €32,744 | €31,247 | €23,073 | ▼ 26.2% |
| Other operating charges640/8 | €868 | €868 | €960 | €1,018 | €998 | ▼ 1.9% |
| Gross operating margin9900 | €233,163 | €322,546 | €401,787 | €368,034 | -€207,722 | ▼ 156% |
| Operating profit (loss)9901 | €34,935 | €44,901 | €78,633 | €70,801 | -€517,789 | ▼ 831% |
| Financial income75/76B | €470 | €401 | €1,207 | €3,151 | €1,034 | ▼ 67.2% |
| Recurring financial income75 | €470 | €401 | €1,207 | €3,151 | €1,034 | ▼ 67.2% |
| Financial charges65/66B | €33,230 | €35,059 | €74,468 | €69,914 | €66,591 | ▼ 4.8% |
| Recurring financial charges65 | €33,230 | €35,059 | €74,468 | €69,914 | €66,591 | ▼ 4.8% |
| Profit (loss) for the period before taxes9903 | €2,175 | €10,243 | €5,372 | €4,038 | -€583,345 | ▼ 14,546% |
| Income taxes67/77 | €20 | €120 | €122 | €618 | -€618 | ▼ 200% |
| Profit (loss) for the period9904 | €2,155 | €10,123 | €5,250 | €3,420 | -€582,728 | ▼ 17,137% |
| Profit (loss) for the period to be appropriated9905 | €2,155 | €10,123 | €5,250 | €3,420 | -€582,728 | ▼ 17,137% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.5m | €1.6m | €1.1m | ▼ 32.5% |
| Fixed assets21/28 | €149,302 | €156,991 | €153,628 | €139,560 | €114,007 | ▼ 18.3% |
| Intangible fixed assets21 | €8,079 | €5,023 | €1,967 | - | - | - |
| Tangible fixed assets22/27 | €136,143 | €146,888 | €146,581 | €134,480 | €111,407 | ▼ 17.2% |
| Plant, machinery and equipment23 | €116,965 | €127,706 | €135,287 | €130,930 | €110,097 | ▼ 15.9% |
| Furniture and vehicles24 | €19,178 | €19,182 | €11,295 | €3,550 | €1,310 | ▼ 63.1% |
| Financial fixed assets28 | €5,080 | €5,080 | €5,080 | €5,080 | €2,600 | ▼ 48.8% |
| Current assets29/58 | €1.3m | €1.3m | €1.3m | €1.4m | €945,148 | ▼ 33.9% |
| Amounts receivable within one year40/41 | €1.3m | €1.3m | €1.3m | €1.3m | €872,241 | ▼ 34.2% |
| Trade receivables40 | €1.2m | €1.2m | €1.2m | €1.3m | €837,495 | ▼ 34.2% |
| Other amounts receivable41 | €42,038 | €62,604 | €57,969 | €53,618 | €34,746 | ▼ 35.2% |
| Current investments50/53 | €31,500 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €16,550 | €33,997 | €10,762 | €64,489 | €37,689 | ▼ 41.6% |
| Deferred charges and accrued income490/1 | €26,899 | €14,630 | €29,245 | €39,194 | €35,219 | ▼ 10.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.5m | €1.6m | €1.1m | ▼ 32.5% |
| Equity10/15 | €125,439 | €135,562 | €140,813 | €144,233 | -€307,494 | ▼ 313% |
| Contributions10/11 | €469,007 | €469,007 | €469,007 | €469,007 | €600,007 | ▲ 27.9% |
| Capital10 | €469,007 | €469,007 | €469,007 | €469,007 | €600,007 | ▲ 27.9% |
| Issued capital100 | €469,007 | €469,007 | €469,007 | €469,007 | €600,007 | ▲ 27.9% |
| Reserves13 | €28,637 | €28,637 | €28,637 | €28,637 | €28,637 | = |
| Non-distributable reserves130/1 | €9,887 | €9,887 | €9,887 | €9,887 | €9,887 | = |
| Legal reserve130 | €9,887 | €9,887 | €9,887 | €9,887 | €9,887 | = |
| Tax-exempt reserves132 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Profit (loss) carried forward14 | -€372,204 | -€362,081 | -€356,831 | -€353,410 | -€936,138 | ▼ 165% |
| Amounts payable17/49 | €1.4m | €1.3m | €1.4m | €1.4m | €1.4m | ▼ 4.1% |
| Amounts payable after more than one year17 | €153,106 | €147,932 | €125,454 | €85,760 | €59,096 | ▼ 31.1% |
| Financial debts170/4 | €152,106 | €146,932 | €124,454 | €84,760 | €58,096 | ▼ 31.5% |
| Other amounts payable178/9 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Amounts payable within one year42/48 | €1.2m | €1.2m | €1.2m | €1.3m | €1.3m | ▼ 1.5% |
| Current portion of amounts payable after more than one year42 | €32,116 | €39,413 | €49,068 | €39,694 | €26,665 | ▼ 32.8% |
| Financial debts43 | €800,643 | €800,398 | €800,315 | €800,018 | €800,106 | = |
| Credit institutions430/8 | €800,643 | €800,398 | €800,315 | €800,018 | €800,106 | = |
| Trade debts44 | €273,297 | €231,762 | €236,987 | €381,678 | €361,658 | ▼ 5.2% |
| Suppliers440/4 | €273,297 | €231,762 | €236,987 | €381,678 | €361,658 | ▼ 5.2% |
| Taxes, remuneration and social security45 | €68,344 | €70,090 | €115,891 | €86,485 | €101,181 | ▲ 17.0% |
| Taxes450/3 | €40,479 | €40,799 | €69,981 | €25,860 | €10,423 | ▼ 59.7% |
| Remuneration and social security454/9 | €27,866 | €29,292 | €45,910 | €60,625 | €90,759 | ▲ 49.7% |
| Other amounts payable47/48 | €11,913 | €30,175 | €6,319 | €4,232 | €2,391 | ▼ 43.5% |
| Accrued charges and deferred income492/3 | €15,770 | €17,401 | €25,761 | €26,896 | €15,552 | ▼ 42.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,155 | €10,123 | €5,250 | €3,420 | -€582,728 | ▼ 17,137% |
| + Depreciation and write-downs630 | €23,781 | €30,501 | €32,744 | €31,247 | €23,073 | ▼ 26.2% |
| Operating cash flow (approximation) | €25,937 | €40,624 | €37,995 | €34,667 | -€559,654 | ▼ 1,714% |
| Investment in fixed assets (approximation) | - | -€38,190 | -€29,381 | -€17,179 | €2,480 | ▲ 114% |
| Change in cash | - | €17,447 | -€23,234 | €53,727 | -€26,801 | ▼ 150% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 18 days late
2025
31-12
Financial
Weakest financial yearnet -€582,728
Net result drops to -€582,728, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 20 acts read
About the unread acts
We know of 20 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
20 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, Vorst · 1 establishment unit since 2002
Ground area
123 m²
Building footprint
94 m²
Volume, LiDAR
994 m³
Parcel 21007A0069/00R069, Brussels · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
AGORA
since 20022.098.806.816
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0069/00R069 | Brussels | 123 m² | 1 · 94 m² | 16.4 m · 4 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 18,252 companies in sector 71111 we hold annual accounts for 6,320. 5,352 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
Founded24-02-1992
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.