AGS
ActiveAGS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.19M and a net result of €119k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 25% of 4852 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-17
Solvency48▲+1
Growth67▼-4
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.68 in 2024; short-term debt: 69.7% and cash: 3.2% of total assets), and 77.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
22.6%
Return on assets
2.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 4852 sector peers (2025).
NBB · sector comparisonPosition among 4852 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
24 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€59.19M▼ 14.8%
2024 · €69.48M
2018: €44.54M
2019: €53.80M
2020: €55.09M
2021: €40.80M
2022: €50.84M
2023: €76.87M
2024: €69.48M
2018 → 2025
EBIT margin
0.3%▼ 0.3pp
2024 · 0.6%
2018: 0.2%
2019: 0.1%
2020: 0.8%
2021: 0.7%
2022: 0.2%
2023: 0.4%
2024: 0.6%
2018 → 2025
Net result
€119k▼ 65.7%
2024 · €348k
2018: €51k
2019: €42k
2020: €363k
2021: €217k
2022: €60k
2023: €286k
2024: €348k
2018 → 2025
Working capital
€-976k▲ 12.5%
2024 · €-1.12M
2018: €-599k
2019: €-629k
2020: €-428k
2021: €-347k
2022: €-265k
2023: €-1.37M
2024: €-1.12M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€40.80M-€50.84M▲ 24.6%€76.87M▲ 51.2%€69.48M▼ 9.6%€59.19M▼ 14.8%
Equity€782k-€841k▲ 7.6%€927k▲ 10.3%€1.07M▲ 15.9%€1.19M▲ 11.1%
Operating result€284k-€105k▼ 62.9%€340k▲ 223%€426k▲ 25.2%€181k▼ 57.4%
Net result€217k-€60k▼ 72.5%€286k▲ 381%€348k▲ 21.5%€119k▼ 65.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 57% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.29M
Fixed assets
€2.58M▲ 6.5%
Current assets
€2.71M▲ 11.8%
Equity and liabilities €5.29M
Equity
€1.19M▲ 11.1%
Debt
€4.10M▲ 8.6%
The debt ratio falls from 77.8% to 77.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€217k▼
2024 · €446k
Cash flow
€155k▼
2024 · €368k
Solvency
22.6%▲
2024 · 22.2%
Current ratio
0.74▲
2024 · 0.68
Quick ratio
0.72▲
2024 · 0.67
Debt / equity
3.43▼
2024 · 3.51
ROE
10.0%▼
2024 · 32.3%
ROA
2.3%▼
2024 · 7.2%
Interest coverage
2.68▼
2024 · 4.86
Debt
€4.10M▲
2024 · €3.77M
Debt ≤ 1 year
€3.69M▲
2024 · €3.54M
Debt > 1 year
€301k▲
2024 · €197k
Income taxes
€47k▼
2024 · €57k
Staff costs
€355k▲
2024 · €307k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.84M€5.29M▲
Fixed assets21/28€2.42M€2.58M▲
Tangible fixed assets22/27€88k€96k▲
Land and buildings22€2k€2k▼
Furniture and vehicles24€86k€94k▲
Financial fixed assets28€2.33M€2.48M▲
Affiliated companies280/1€2.33M€2.48M▲
Participating interests280€1.28M€1.53M▲
Amounts receivable281€1.05M€952k▼
Other financial fixed assets284/8€2k€2k=
Amounts receivable and cash guarantees285/8€2k€2k=
Current assets29/58€2.42M€2.71M▲
Stocks and contracts in progress3€65k€58k▼
Stocks30/36€65k€58k▼
Goods purchased for resale34€65k€58k▼
Amounts receivable within one year40/41€2.20M€2.43M▲
Trade receivables40€1.71M€1.71M▲
Other amounts receivable41€488k€714k▲
Cash at bank and in hand54/58€149k€170k▲
Deferred charges and accrued income490/1€13k€56k▲
Equity and liabilities
Total equity and liabilities10/49€4.84M€5.29M▲
Equity10/15€1.07M€1.19M▲
Contributions10/11€20k€20k=
Reserves13€1.05M€1.17M▲
Distributable reserves133€1.05M€1.17M▲
Amounts payable17/49€3.77M€4.10M▲
Amounts payable after more than one year17€197k€301k▲
Financial debts170/4€197k€301k▲
Credit institutions173€50k€48k▼
Other loans174€147k€253k▲
Amounts payable within one year42/48€3.54M€3.69M▲
Current portion of amounts payable after more than one year42€74k€139k▲
Financial debts43€1.25M€1.58M▲
Credit institutions430/8€1.25M€1.58M▲
Trade debts44€1.59M€1.51M▼
Suppliers440/4€1.59M€1.51M▼
Taxes, remuneration and social security45€58k€74k▲
Taxes450/3€14k€16k▲
Remuneration and social security454/9€44k€58k▲
Other amounts payable47/48€562k€384k▼
Accrued charges and deferred income492/3€34k€107k▲
Income statement
Code20242025
Operating income70/76A€69.50M€59.21M▼
Turnover70€69.48M€59.19M▼
Other operating income74€13k€17k▲
Non-recurring operating income76A€8k-
Operating charges60/66A€69.08M€59.03M▼
Goods for resale, raw materials and consumables60€67.74M€57.46M▼
Purchases600/8€67.59M€57.45M▼
Change in stocks: decrease (increase)609€148k€7k▼
Services and other goods61€1.01M€1.15M▲
Remuneration, social security and pensions62€307k€355k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€36k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€23k
Other operating charges640/8€2k€5k▲
Operating profit (loss)9901€426k€181k▼
Financial income75/76B€76k€72k▼
Recurring financial income75€76k€72k▼
Income from current assets751€73k€63k▼
Other financial income752/9€3k€8k▲
Financial charges65/66B€97k€87k▼
Recurring financial charges65€97k€87k▼
Debt charges650€92k€81k▼
Other financial charges652/9€5k€6k▲
Profit (loss) for the period before taxes9903€404k€166k▼
Income taxes67/77€57k€47k▼
Taxes670/3€57k€47k▼
Profit (loss) for the period9904€348k€119k▼
Profit (loss) for the period to be appropriated9905€348k€119k▼
Appropriation of the result
Profit (loss) to be appropriated9906€348k€119k▼
Transfer to equity691/2€148k€119k▼
To other reserves6921€148k€119k▼
Profit to be distributed694/7€200k-
Directors or managers695€200k-
Social balance
Average headcount (FTE)90874.85.2▲
The notes to these accounts (57 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Equity above €1MEq €1.07M ▲15.9%
7 profitable years in a row build equity to €1.07M.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €363k ▲772%
Operating result €463k, net result €363k, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €42k ▼17.8%
Net result drops to €42k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500kEq €502k ▲9.1%
2 profitable years in a row build equity to €502k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Pittem · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vijfstraat 88740 PittemGround area
7,305 m²
Building footprint
490 m²
Volume, LiDAR
2,628 m³
Parcel 37011C0367/00W000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AGS
since 20112.195.219.371
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37011C0367/00W000 | Flanders | 7,305 m² | 1 · 490 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 sitePittem2.195.219.371
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Of 946 companies in sector 46231 we hold annual accounts for 422. 291 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2011
Fiscal year end31-12
Activities, NACEBEL
41003General construction of other non-residential buildings
46231Wholesale of live animals
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.