Aigis Development
ActiveSummary
Aigis Development is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€41,421) and a net result of €415,057, of which €285,852 non-recurring income. Equity is shrinking by about 38% per year across the filed financial years. Its solvency ranks better than 5% of 6,673 sector peers (NACE 64, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Equity
-€41,421▲ 90.9%
2024 · -€456,477
Net result
€415,057
2024 · -€163,897
Total assets
€124,693▼ 27.9%
2024 · €172,874
Solvency
-33.2%▲ 230.8pp
2024 · -264.1%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €440,985 after a loss of €145,993 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€440,985
2025
Net result€415,057
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€124,693
2025
Equity-€41,421
2025
Debt€166,114
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€41,915
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)332.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-33.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.75
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.7
2021
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€30,576--€29,780▲ 2.6%-€19,106▲ 35.8%-€63,013▼ 230%-€9,859▲ 84.4%-€85,511▼ 767%-€145,993▼ 70.7%€440,985
Net result-€34,120--€47,589▼ 39.5%-€27,209below the sector's middle half▲ 42.8%-€74,935below the sector's middle half▼ 175%-€21,368below the sector's middle half▲ 71.5%-€105,909below the sector's middle half▼ 396%-€163,897below the sector's middle half▼ 54.8%€415,057above the sector's middle half
Equity-€15,570--€63,159▼ 306%-€90,368below the sector's middle half▼ 43.1%-€165,303below the sector's middle half▼ 82.9%-€186,671below the sector's middle half▼ 12.9%-€292,580below the sector's middle half▼ 56.7%-€456,477below the sector's middle half▼ 56.0%-€41,421below the sector's middle half▲ 90.9%
Total assets€63,015-€128,534▲ 104%€72,137below the sector's middle half▼ 43.9%€34,187below the sector's middle half▼ 52.6%€66,277below the sector's middle half▲ 93.9%€461,702below the sector's middle half▲ 597%€172,874below the sector's middle half▼ 62.6%€124,693below the sector's middle half▼ 27.9%
Debt€78,584-€191,693▲ 144%€162,505▼ 15.2%€199,490▲ 22.8%€252,948▲ 26.8%€754,283▲ 198%€629,352▼ 16.6%€166,114▼ 73.6%
Working capital-€66,342--€96,176▼ 45.0%-€108,020within the sector's middle half▼ 12.3%-€175,041within the sector's middle half▼ 62.0%-€190,959below the sector's middle half▼ 9.1%-€294,887below the sector's middle half▼ 54.4%-€457,878below the sector's middle half▼ 55.3%-€41,915within the sector's middle half▲ 90.8%
Solvency-24.7%--49.1%▼ 24.4pp-125.3%below the sector's middle half▼ 76.1pp-483.5%below the sector's middle half▼ 358.2pp-281.7%below the sector's middle half▲ 201.9pp-63.4%below the sector's middle half▲ 218.3pp-264.1%below the sector's middle half▼ 200.7pp-33.2%below the sector's middle half▲ 230.8pp
Current ratio0.16-0.49▲ 0.340.33below the sector's middle half▼ 0.170.12below the sector's middle half▼ 0.200.25below the sector's middle half▲ 0.120.61within the sector's middle half▲ 0.360.27below the sector's middle half▼ 0.340.75within the sector's middle half▲ 0.48
Return on assets (ROA)-54.1%--37.0%▲ 17.1pp-37.7%below the sector's middle half▼ 0.7pp-219.2%below the sector's middle half▼ 181.5pp-32.2%below the sector's middle half▲ 186.9pp-22.9%below the sector's middle half▲ 9.3pp-94.8%below the sector's middle half▼ 71.9pp332.9%above the sector's middle half▲ 427.7pp
Staff (FTE)10.7below the sector's middle half▼ 30.0%0.7below the sector's middle half=
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124,693
Fixed assets
€494 ▼ 64.7%
Current assets
€124,199 ▼ 27.6%
Equity and liabilities
Equity-€41,421
Debt€166,114
Equity is negative: debt (€166,114) exceeds the balance-sheet total (€124,693).
Key figures and ratios
Debt ≤ 1 year
€166,114▼
2024 · €629,352
Income taxes
€17,840▲
2024 · €469
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €10,274 | €285,852 | ▲ 28× |
| Remuneration, social security and pensions62 | - | - | - | €50,346 | -€46 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,258 | €15,755 | €14,340 | €14,444 | €5,450 | €906 | €906 | €906 | = |
| Other operating charges640/8 | - | - | - | €811 | €1,061 | €2,086 | €19,060 | €920 | ▼ 95.2% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €449 | - |
| Gross operating margin9900 | €4,393 | €37,014 | €43,842 | €2,587 | -€3,394 | -€82,519 | -€126,027 | €443,260 | - |
| Operating profit (loss)9901 | -€30,576 | -€29,780 | -€19,106 | -€63,013 | -€9,859 | -€85,511 | -€145,993 | €440,985 | - |
| Financial income75/76B | - | - | - | - | - | €1,502 | €1,313 | €591 | ▼ 55.0% |
| Recurring financial income75 | €648 | €61 | €2 | - | - | €1,502 | €1,313 | €591 | ▼ 55.0% |
| Financial charges65/66B | - | - | - | €11,023 | €11,304 | €21,621 | €18,748 | €8,681 | ▼ 53.7% |
| Recurring financial charges65 | €2,003 | €16,925 | €6,535 | €11,023 | €11,304 | €21,621 | €18,748 | €8,681 | ▼ 53.7% |
| Profit (loss) for the period before taxes9903 | -€31,931 | -€46,644 | -€25,639 | -€74,036 | -€21,163 | -€105,630 | -€163,428 | €432,896 | - |
| Income taxes67/77 | €2,189 | €945 | €1,570 | €899 | €205 | €279 | €469 | €17,840 | ▲ 38× |
| Profit (loss) for the period9904 | -€34,120 | -€47,589 | -€27,209 | -€74,935 | -€21,368 | -€105,909 | -€163,897 | €415,057 | - |
| Profit (loss) for the period to be appropriated9905 | -€34,120 | -€47,589 | -€27,209 | -€74,935 | -€21,368 | -€105,909 | -€163,897 | €415,057 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €63,015 | €128,534 | €72,137 | €34,187 | €66,277 | €461,702 | €172,874 | €124,693 | ▼ 27.9% |
| Fixed assets21/28 | €50,772 | €35,017 | €19,652 | €9,738 | €4,287 | €2,306 | €1,400 | €494 | ▼ 64.7% |
| Tangible fixed assets22/27 | €48,272 | €32,517 | €18,177 | €8,263 | €2,812 | €1,906 | €1,000 | €94 | ▼ 90.6% |
| Furniture and vehicles24 | - | - | - | €8,263 | €2,812 | €1,906 | €1,000 | €94 | ▼ 90.6% |
| Financial fixed assets28 | €2,500 | €2,500 | €1,475 | €1,475 | €1,475 | €400 | €400 | €400 | = |
| Current assets29/58 | €12,243 | €93,517 | €52,485 | €24,449 | €61,989 | €459,396 | €171,474 | €124,199 | ▼ 27.6% |
| Stocks and contracts in progress3 | - | - | - | €11,353 | €16,268 | €417,186 | - | - | - |
| Contracts in progress37 | - | - | - | €11,353 | €16,268 | €417,186 | - | - | - |
| Amounts receivable within one year40/41 | €9,248 | €67,266 | €36,360 | €3,311 | €38,313 | €40,268 | €170,975 | €70,425 | ▼ 58.8% |
| Trade receivables40 | - | - | - | - | €37,328 | €40,085 | €75,383 | €37,883 | ▼ 49.7% |
| Other amounts receivable41 | - | - | - | €3,311 | €985 | €183 | €95,593 | €32,542 | ▼ 66.0% |
| Cash at bank and in hand54/58 | €1,791 | €23,556 | €12,907 | €4,970 | €1,604 | - | €498 | €53,490 | ▲ 107× |
| Deferred charges and accrued income490/1 | - | - | - | €4,815 | €5,804 | €1,943 | - | €285 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €63,015 | €128,534 | €72,137 | €34,187 | €66,277 | €461,702 | €172,874 | €124,693 | ▼ 27.9% |
| Equity10/15 | -€15,570 | -€63,159 | -€90,368 | -€165,303 | -€186,671 | -€292,580 | -€456,477 | -€41,421 | ▲ 90.9% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Profit (loss) carried forward14 | -€34,120 | -€81,709 | -€108,918 | -€183,853 | -€205,221 | -€311,130 | -€475,027 | -€59,971 | ▲ 87.4% |
| Amounts payable17/49 | €78,584 | €191,693 | €162,505 | €199,490 | €252,948 | €754,283 | €629,352 | €166,114 | ▼ 73.6% |
| Amounts payable within one year42/48 | €78,584 | €189,693 | €160,505 | €199,490 | €252,948 | €754,283 | €629,352 | €166,114 | ▼ 73.6% |
| Financial debts43 | - | - | - | - | - | €230,294 | - | - | - |
| Credit institutions430/8 | - | - | - | - | - | €230,294 | - | - | - |
| Trade debts44 | €3,717 | €4,748 | €9,233 | €1,693 | €10,510 | €53,462 | €78,347 | €6,990 | ▼ 91.1% |
| Suppliers440/4 | - | - | - | €1,693 | €10,510 | €53,462 | €78,347 | €6,990 | ▼ 91.1% |
| Advances received on contracts in progress46 | - | - | - | - | €6,050 | €82,645 | €82,645 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,004 | €7,294 | €13,739 | €18,609 | €46,313 | ▲ 149% |
| Taxes450/3 | - | - | - | €1,002 | €7,292 | €6,559 | €18,609 | €46,313 | ▲ 149% |
| Remuneration and social security454/9 | - | - | - | €2 | €2 | €7,180 | - | - | - |
| Other amounts payable47/48 | - | - | - | €196,794 | €229,094 | €374,143 | €449,751 | €112,811 | ▼ 74.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,120 | -€47,589 | -€27,209 | -€74,935 | -€21,368 | -€105,909 | -€163,897 | €415,057 | - |
| + Depreciation and write-downs630 | €26,258 | €15,755 | €14,340 | €14,444 | €5,450 | €906 | €906 | €906 | = |
| Operating cash flow (approximation) | -€7,862 | -€31,835 | -€12,869 | -€60,490 | -€15,918 | -€105,003 | -€162,991 | €415,963 | - |
| Investment in fixed assets (approximation) | - | €0 | €1,025 | -€4,530 | €0 | €1,075 | €0 | €0 | - |
| Change in cash | - | €21,765 | -€10,649 | -€7,936 | -€3,366 | - | - | €52,991 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-07-2026 | 2026-00323999 |
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00225593 |
| 31-12-2023 | abbreviated format | 26-06-2024 | 2024-00173454 |
| 31-12-2022 | abbreviated format | 27-06-2023 | 2023-00169609 |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20142442 |
| 31-12-2020 | abbreviated format | 17-06-2021 | 2021-22200522 |
| 31-12-2019 | abbreviated format | 17-06-2020 | 2020-18200115 |
| 31-12-2018 | abbreviated format | 17-06-2019 | 2019-20000092 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 24,456 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,093. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.