AGS
ActiveSummary
AGS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €140,998 and a net result of €13,071. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-8
Solvency68▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.92 against 2.01 in 2023; short-term debt: 33.4% and cash: 3.6% of total assets), but 57.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Three 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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
not confirmed
2024
27 d late
2023
61 d late
2022
30 d late
2021
30 d late
2020
20 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 33 days after 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)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€140,998▼ 1.3%
2023 · €142,927
Total assets
€329,445▲ 12.9%
2023 · €291,910
Net result
€13,071▼ 58.8%
2023 · €31,706
Working capital
€100,992▼ 9.3%
2023 · €111,354
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
Line20202021202220232024
Operating result€19,244▲ 7.5%€27,428▲ 42.5%€92,985▲ 239%€40,841▼ 56.1%€19,627▼ 51.9%
Net result€12,121▲ 14.4%€17,620▲ 45.4%€68,170▲ 287%€31,706▼ 53.5%€13,071▼ 58.8%
Equity€54,431▼ 25.2%€72,052▲ 32.4%€121,221▲ 68.2%€142,927▲ 17.9%€140,998▼ 1.3%
Total assets€182,725▲ 14.2%€182,740=€371,261▲ 103%€291,910▼ 21.4%€329,445▲ 12.9%
Debt€128,294▲ 47.1%€110,689▼ 13.7%€250,040▲ 126%€148,983▼ 40.4%€188,447▲ 26.5%
Working capital€30,781▼ 45.9%€48,195▲ 56.6%€86,448▲ 79.4%€111,354▲ 28.8%€100,992▼ 9.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets +103% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 52% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €329,445
Fixed assets
€118,395 ▲ 67.3%
Current assets
€211,050 ▼ 4.6%
Equity and liabilities €329,445
Equity
€140,998 ▼ 1.3%
Debt
€188,447 ▲ 26.5%
Debt's share of the balance-sheet total rises from 51.0% to 57.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€53,968▼
2023 · €68,306
Cash flow
€47,412▼
2023 · €59,171
Current ratio
1.92▼
2023 · 2.01
Quick ratio
1.52▲
2023 · 1.34
Debt to equity
1.34▲
2023 · 1.04
ROE
9.3%▼
2023 · 22.2%
ROA
4.0%▼
2023 · 10.9%
Interest coverage
18.01▼
2023 · 26.22
Debt ≤ 1 year
€110,058▲
2023 · €109,772
Debt > 1 year
€78,389▲
2023 · €39,212
Income taxes
€6,451▼
2023 · €8,539
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 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 under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% 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 10,891 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,174 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,603 | €16,318 | €17,987 | €27,465 | €34,341 | ▲ 25.0% |
| Other operating charges640/8 | - | €6,961 | €4,154 | €4,841 | €4,467 | ▼ 7.7% |
| Gross operating margin9900 | €41,091 | €50,708 | €115,125 | €73,147 | €58,435 | ▼ 20.1% |
| Operating profit (loss)9901 | €19,244 | €27,428 | €92,985 | €40,841 | €19,627 | ▼ 51.9% |
| Financial income75/76B | - | €636 | €1,112 | €2,009 | €2,891 | ▲ 43.9% |
| Recurring financial income75 | €736 | €636 | €1,112 | €2,009 | €2,891 | ▲ 43.9% |
| Financial charges65/66B | - | €1,519 | €1,645 | €2,605 | €2,996 | ▲ 15.0% |
| Recurring financial charges65 | €1,125 | €1,519 | €1,645 | €2,605 | €2,996 | ▲ 15.0% |
| Profit (loss) for the period before taxes9903 | €18,855 | €26,545 | €92,452 | €40,245 | €19,522 | ▼ 51.5% |
| Income taxes67/77 | €6,734 | €8,925 | €24,282 | €8,539 | €6,451 | ▼ 24.5% |
| Profit (loss) for the period9904 | €12,121 | €17,620 | €68,170 | €31,706 | €13,071 | ▼ 58.8% |
| Profit (loss) for the period to be appropriated9905 | €12,121 | €17,620 | €68,170 | €31,706 | €13,071 | ▼ 58.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182,725 | €182,740 | €371,261 | €291,910 | €329,445 | ▲ 12.9% |
| Fixed assets21/28 | €71,858 | €59,532 | €97,035 | €70,785 | €118,395 | ▲ 67.3% |
| Tangible fixed assets22/27 | €71,858 | €59,532 | €97,035 | €70,335 | €117,945 | ▲ 67.7% |
| Plant, machinery and equipment23 | - | €5,857 | €6,185 | €4,746 | €3,307 | ▼ 30.3% |
| Furniture and vehicles24 | - | €5,463 | €7,076 | €4,963 | €38,300 | ▲ 672% |
| Leasing and similar rights25 | - | €48,212 | €83,774 | €60,626 | €76,338 | ▲ 25.9% |
| Financial fixed assets28 | - | - | - | €450 | €450 | = |
| Current assets29/58 | €110,867 | €123,209 | €274,226 | €221,125 | €211,050 | ▼ 4.6% |
| Amounts receivable after more than one year29 | - | €20,000 | €40,000 | €67,500 | €105,000 | ▲ 55.6% |
| Other amounts receivable291 | - | €20,000 | €40,000 | €67,500 | €105,000 | ▲ 55.6% |
| Stocks and contracts in progress3 | €10,855 | €35,980 | €10,730 | €74,320 | €43,675 | ▼ 41.2% |
| Stocks30/36 | - | €10,630 | €6,980 | €7,600 | €9,275 | ▲ 22.0% |
| Contracts in progress37 | - | €25,350 | €3,750 | €66,720 | €34,400 | ▼ 48.4% |
| Amounts receivable within one year40/41 | €27,659 | €58,241 | €167,328 | €69,871 | €45,245 | ▼ 35.2% |
| Trade receivables40 | - | €39,997 | €158,429 | €55,204 | €29,640 | ▼ 46.3% |
| Other amounts receivable41 | - | €18,245 | €8,899 | €14,667 | €15,606 | ▲ 6.4% |
| Cash at bank and in hand54/58 | €26,203 | €6,087 | €52,318 | €6,310 | €12,005 | ▲ 90.3% |
| Deferred charges and accrued income490/1 | - | €2,900 | €3,850 | €3,125 | €5,125 | ▲ 64.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182,725 | €182,740 | €371,261 | €291,910 | €329,445 | ▲ 12.9% |
| Equity10/15 | €54,431 | €72,052 | €121,221 | €142,927 | €140,998 | ▼ 1.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €44,860 | €62,360 | €111,360 | €132,860 | €130,860 | ▼ 1.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €60,500 | €109,500 | €131,000 | €129,000 | ▼ 1.5% |
| Profit (loss) carried forward14 | €3,371 | €3,492 | €3,661 | €3,867 | €3,938 | ▲ 1.8% |
| Amounts payable17/49 | €128,294 | €110,689 | €250,040 | €148,983 | €188,447 | ▲ 26.5% |
| Amounts payable after more than one year17 | €48,208 | €35,675 | €62,262 | €39,212 | €78,389 | ▲ 99.9% |
| Financial debts170/4 | - | €35,675 | €62,262 | €39,212 | €78,389 | ▲ 99.9% |
| Amounts payable within one year42/48 | €80,086 | €75,013 | €187,777 | €109,772 | €110,058 | ▲ 0.3% |
| Current portion of amounts payable after more than one year42 | - | €12,533 | €21,914 | €23,962 | €34,690 | ▲ 44.8% |
| Trade debts44 | €16,478 | €53,268 | €92,405 | €51,651 | €50,200 | ▼ 2.8% |
| Suppliers440/4 | - | €53,268 | €92,405 | €51,651 | €50,200 | ▼ 2.8% |
| Advances received on contracts in progress46 | - | €350 | €28,500 | €5,090 | - | - |
| Taxes, remuneration and social security45 | - | €8,349 | €21,938 | €18,386 | €3,485 | ▼ 81.0% |
| Taxes450/3 | - | €8,349 | €21,938 | €18,386 | €3,485 | ▼ 81.0% |
| Other amounts payable47/48 | - | €513 | €23,021 | €10,683 | €21,684 | ▲ 103% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,121 | €17,620 | €68,170 | €31,706 | €13,071 | ▼ 58.8% |
| + Depreciation and write-downs630 | €14,603 | €16,318 | €17,987 | €27,465 | €34,341 | ▲ 25.0% |
| Operating cash flow (approximation) | €26,724 | €33,938 | €86,157 | €59,171 | €47,412 | ▼ 19.9% |
| Investment in fixed assets (approximation) | - | -€3,992 | -€55,491 | -€1,214 | -€81,951 | ▼ 6,648% |
| Change in cash | - | -€20,116 | €46,231 | -€46,009 | €5,696 | ▲ 112% |
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €68,170 ▲287%
Operating result €92,985, net result €68,170, both a record.
31-12
Financial
Equity above €100,000Eq €121,221 ▲68.2%
5 profitable years in a row build equity to €121,221.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
2016
27-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Oostende · 1 establishment unit since 2011
Ground area
188 m²
Building footprint
157 m²
Volume, LiDAR
1,185 m³
Parcel 35382D0642/00F005, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
AGS
since 20112.196.554.904
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382D0642/00F005 | Flanders | 188 m² | 1 · 157 m² | 11.7 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.
Similar companies · same sector, comparable size
MAGITEC SERVICES
BE 0716.714.885
Brussel · Eq €140,921
UW LOODGIETER
BE 1003.821.524
Aalst · Eq €140,462
LOODGIETERIJ STRUYFS
BE 0773.897.573
Vorselaar · Eq €141,642
SAMATIX
BE 0881.731.186
Schilde · Eq €141,759
BUREAU MAESTRO
BE 0441.233.994
Braine-l'Alleud · Eq €141,775
Of 7,043 companies in sector 43221 we hold annual accounts for 3,473. 3,011 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
Founded28-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
33110Repair and maintenance of fabricated metal products
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43240Other construction installation
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0834196535
Also
9925:BE0834196535
Registered
09-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.