AGS IMMO CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of AGS IMMO CONSTRUCT is 3.7% (moderate). The 2025 annual accounts show negative equity (-€55,995) and a net result of -€16,263. Equity has been shrinking by about 51% per year since 2023. The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-10-2022 Normal situation
- Registered office
- 196 active companies are registered at this address 36 started in the 12 months before. Source: KBO register, as of 1 November 2026.
- Activity
- General electrical installation work NACE 43211and 3 others
- Joint committee
- 323 Paritair Comité voor het beheer van gebouwen, de vastgoedmakelaars en de dienstboden · annual accounts 2023
- Establishment unit
- 2.336.648.935 1640 Sint-Genesius-Rode, since 04-10-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 24-04-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.7%
- Gross margin
- -€13,201
- ▲ 22.4%
- Loss
- €16,263
- ▼ 32.6%
- Equity
- -€55,995
- ▼ 40.9%
- Total assets
- €23,744
- ▼ 69.1%
- Staff
- ≈ 0 FTE
- estimated
- Negative equity on 31-12-2025
Score breakdownraises riskNo main activity registeredFounded in 2022Negative equity -€55,995lowers riskSize: total assets €23,744Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 5% of them on solvency, 18% on liquidity, 4% on profitability and 11% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 19 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is a loss of €14,831, smaller than the loss of €21,896 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Staff
| Item | 31-12-2023 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| full-time | 0 | - |
| part-time | 1 | - |
| in full-time equivalents | 0.2 | - |
| Average over the year, in full-time equivalents | 0.2 | 0.1 |
| Joined | 1 | 0 |
| Left | 0 | 1 |
Source: social balance sheet in the 2023 to 2024 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €1,074 | - | €255 |
| Financial fixed assets | €655 | €60 | - |
| Depreciation and write-downs of the year | €329 | €358 | €412 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Companies with the same profile, two years later
Historical observationIn July 2024, 7,639 companies had the same profile as AGS IMMO CONSTRUCT has now. Two years later, 8.8% had gone bankrupt and 84.9% were still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AGS IMMO CONSTRUCT itself: 3.7% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for AGS IMMO CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,670 | €3,233 | €75 | ▼ 97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €329 | €358 | €412 | ▲ 15.2% |
| Other operating charges640/8 | €2,681 | €1,299 | €1,143 | ▼ 12.0% |
| Gross operating margin9900 | -€15,126 | -€17,006 | -€13,201 | ▲ 22.4% |
| Operating profit (loss)9901 | -€19,806 | -€21,896 | -€14,831 | ▲ 32.3% |
| Financial income75/76B | €0 | €46 | €763 | ▲ 17× |
| Recurring financial income75 | €0 | €46 | €763 | ▲ 17× |
| Financial charges65/66B | €739 | €2,095 | €1,996 | ▼ 4.7% |
| Recurring financial charges65 | €739 | €2,095 | €1,996 | ▼ 4.7% |
| Profit (loss) for the period before taxes9903 | -€20,546 | -€23,945 | -€16,065 | ▲ 32.9% |
| Income taxes67/77 | €49 | €192 | €198 | ▲ 3.1% |
| Profit (loss) for the period9904 | -€20,595 | -€24,137 | -€16,263 | ▲ 32.6% |
| Profit (loss) for the period to be appropriated9905 | -€20,595 | -€24,137 | -€16,263 | ▲ 32.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €137,161 | €76,826 | €23,744 | ▼ 69.1% |
| Fixed assets21/28 | €1,399 | €1,101 | €944 | ▼ 14.3% |
| Tangible fixed assets22/27 | €744 | €386 | €229 | ▼ 40.7% |
| Plant, machinery and equipment23 | - | - | €229 | - |
| Furniture and vehicles24 | €744 | €386 | - | - |
| Financial fixed assets28 | €655 | €715 | €715 | = |
| Current assets29/58 | €135,761 | €75,725 | €22,800 | ▼ 69.9% |
| Stocks and contracts in progress3 | €76,675 | €14,270 | €9,735 | ▼ 31.8% |
| Stocks30/36 | €76,675 | €14,270 | €9,735 | ▼ 31.8% |
| Amounts receivable within one year40/41 | €46,400 | €58,519 | €10,125 | ▼ 82.7% |
| Trade receivables40 | €46,400 | €12,824 | €9,437 | ▼ 26.4% |
| Other amounts receivable41 | - | €45,695 | €688 | ▼ 98.5% |
| Cash at bank and in hand54/58 | €10,415 | €908 | €875 | ▼ 3.6% |
| Deferred charges and accrued income490/1 | €2,272 | €2,028 | €2,065 | ▲ 1.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €137,161 | €76,826 | €23,744 | ▼ 69.1% |
| Equity10/15 | -€15,595 | -€39,732 | -€55,995 | ▼ 40.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€20,595 | -€44,732 | -€60,995 | ▼ 36.4% |
| Amounts payable17/49 | €152,755 | €116,558 | €79,739 | ▼ 31.6% |
| Amounts payable after more than one year17 | €105,000 | €105,000 | €69,100 | ▼ 34.2% |
| Other amounts payable178/9 | €105,000 | €105,000 | €69,100 | ▼ 34.2% |
| Amounts payable within one year42/48 | €47,632 | €11,405 | €10,639 | ▼ 6.7% |
| Trade debts44 | €35,049 | €4,277 | €3,220 | ▼ 24.7% |
| Suppliers440/4 | €35,049 | €4,277 | €3,220 | ▼ 24.7% |
| Advances received on contracts in progress46 | €5,800 | - | - | - |
| Taxes, remuneration and social security45 | €4,143 | €2,517 | €1,137 | ▼ 54.8% |
| Taxes450/3 | €1,778 | €578 | €198 | ▼ 65.8% |
| Remuneration and social security454/9 | €2,364 | €1,939 | €939 | ▼ 51.6% |
| Other amounts payable47/48 | €2,640 | €4,611 | €6,282 | ▲ 36.2% |
| Accrued charges and deferred income492/3 | €124 | €153 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,595 | -€24,137 | -€16,263 | ▲ 32.6% |
| + Depreciation and write-downs630 | €329 | €358 | €412 | ▲ 15.2% |
| Operating cash flow (approximation) | -€20,265 | -€23,779 | -€15,851 | ▲ 33.3% |
| Investment in fixed assets (approximation) | - | -€60 | -€255 | ▼ 325% |
| Change in cash | - | -€9,507 | -€33 | ▲ 99.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- STURIALE Agatino sole founder · 100% at incorporation
Capital transactions
- 24-09-2024 Capital stated in the deed · 100 shares
- 06-10-2022 Incorporation · €5,000 · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt aantal duur en bij meerdere bevoegdheid, een of meer”
deed of 24-09-2024 (in Dutch)
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Zonder goedkeuring onder levenden of bij overlijden aan aandeelhouder,echtgenoot overdrager/erflater,ascendenten en descendenten rechte…”deed of 24-09-2024 (in Dutch)
- Membership ruleThe articles set who can become a member or partner, and on what terms.
- “Demissionnaire plein droit a cette date, 10”deed of 06-10-2022 (in French)
Network & group
AGS IMMO CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of AGS IMMO CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-09
Gazette deed
Amendment of the articlesPower of attorney · Registered-office move · Capital6 points ▸
- Other provision, “stemming tweede besluit nieuwe statuten, unaniem aangenomen” (deed in Dutch)
- Power of attorney, mentioned 2 times in the deed
- General meeting, 04-07-2024
- Registered-office move, 1640 Rhode-Saint-Genèse,Rue du Tilleul 42
- Amendment of the articles
- Capital
29-08
Gazette deed
Registered officeRegistered-office move3 points ▸
- General meeting, 04-07-2024
- Registered-office move, 1640 Rhode-Saint-Genèse,Rue du Tilleul 42
- Other provision, “greffe du tribunal compétent, dépôt des nouveaux statuts” (deed in French)
06-10
Gazette deed
IncorporationAppointment: STURIALE Agatino (director) · Founder · Founding capital8 points ▸
- Incorporation, 03-10-2022
- Founder, STURIALE Agatino (fondateur actionnaire)
- Founding capital, €5,000
- Capital
- Registered office clause, “7190 Ecaussinnes,Rue du chemin de fer,17 boite A, dépôt au greffe d'une expédition de l'acte constitutif” (deed in French)
- Board rule, 1, “assemblée” (deed in French)
- Director appointment, STURIALE Agatino (director (not named in the articles))
- Pre-incorporation commitments, “takeover, engagements,obligations et activités par comparants au nom et pour compte de la société en formation” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
AGS IMMO CONSTRUCT was incorporated on 4 October 2022 as a private limited company by one natural person, with a starting capital of €5,000.12 The registered office was moved to Rhode-Saint-Genèse in 2024.3 STURIALE Agatino is director of the company, appointed in the act of 06-10-2022.2 Total assets fell from €137,161 in 2023 to €23,744 in 2025.4
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0791.851.877
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22004C0677/00T000 | Flanders | 210 m² | 1 · 89 m² | 10.1 m · 3 |