Equity
€569,959 from €2.2m in 2019
Equity fell by 74% in 6 years.
AGC HEMELAERS
Lifetime
14 annual accounts with figures on one time axispeak €2.0m (2023)
-€26,800▲ €612,199
lowest -€1.1m (2022)
€45,515▲ €438,113
peak €2.2m (2019)
€569,959▲ 8.7%
€8,377▼ 29.3%
peak 29.5 FTE (2020)
-not published
Board4 names since 2018
1 directorVANHOUTTE Paul Julien Maurits
Owners4 names in the annual accounts
100%AGC GLASS EUROPE and 1 other
Documentsfilings and deeds
17-06-202644 days before the deadline
2025abbreviated format
Gross margin from -€638,998 to -€26,800Back to profit: €45,515Debts from €11,843 to €8,377Cash from €53,518 to €14,009
Key points
from the 2025 annual accountsResult
€45,515 €45,515
Back in profit in 2025, after a loss of €392,598 in 2024.
Filings
14 annual accounts since 2012
The last five annual accounts were filed 19 to 44 days before the end of the period.
Turnover not published (abbreviated format)
Checked score
95
Excellent
Financially stronger than 62% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,895 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.9%▲ +0.6 percentage points vs 06-2025highest value
08-2025: 0.9%● unchanged vs 07-2025highest value
09-2025: 0.4%▼ -0.5 percentage points vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%▼ -0.1 percentage points vs 04-2026
06-2026: 0.5%▲ +0.1 percentage points vs 05-2026
07-2026: 0.1%▼ -0.4 percentage points vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 85.39, cash €14,009, halved
lowers risk
Size: total assets €715,311
Founded in 2011
Figures for financial year 2025 (filed on 17-06-2026)
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 (NACE 46, micro). It does better than 90% of them on solvency, 57% on liquidity, 41% on profitability and 62% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as AGC HEMELAERS has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.1%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of AGC HEMELAERS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 17,811 companies, not a prediction for AGC HEMELAERS. 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.
Credit verdict
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 85.39 (73.71 in 2024), above the usual 1.5. Short-term debt is 1.2% and cash 2% of total assets. 20.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 days early
2024
43 days early
2023
41 days early
2022
32 days early
2021
19 days early
2020
26 days early
2019
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- AGC GLASS EUROPE 100%score 68equity €397.3m (2025) · 2025 annual accounts of AGC GLASS EUROPE
- AGC INC consolidatesannual accounts 2025
Recent changes
Appointment: RSM InterAudit BV (commisaris)
General meeting of 16-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0841788071
Resignation: Geert Houvenaghel (director)
General meeting of 25-01-2024 · Gazette deed
Registered office moved to Mol
Issue of 558 shares · New registered office: Voortstraat 27, 2400 Mol · Resignation: Yves DELEYE (director) · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AGC HEMELAERS Mol | - | - | 79.7% | - |
| BrickZ Oudenaarde | €213,332 | -48.4% | 88.8% | 1 |
| Bouwcenter Beringen Beringen | - | - | -23.7% | 0 |
| SANIDUMP MERKSPLAS Merksplas | - | - | -91.5% | 0.8 |
| WOODINC Retie | - | - | 14.6% | - |
| A & N SHALA Schaerbeek | €37,877 | - | -53.6% | - |
| NORGAD Brussels | - | - | 10.4% | - |
These companies have their main activity in the same NACE class as AGC HEMELAERS: wholesale trade (NACE 4683). With exactly the same main activity (NACE 46834), too few companies are of comparable size. They are comparable in size and age: total assets between €425,000 and €758,000, founded between 2009 and 2015.
Official details
Source: KBO- Status
- Active since 14-12-2011Normal situation
- Activity
- Wholesale tradeNACE 46834and 2 others
- Joint committee
- 124Construction · annual accounts 2023
- Establishment unit
- 2.207.711.5852400 Mol, since 01-03-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 07-11-2025
Annual accounts 2025
- €715,311▼ 2.3%
- Filing
- Filed on 17-06-2026, 44 days before the end of the filing period
Insights on AGC HEMELAERS
AGC HEMELAERS files the abbreviated format. That format states no turnover. The gross margin fell from €1.1m in 2012 to -€26,800 in 2025.
The balance sheet grew most from 2017 to 2019 through fixed assets.
AGC GLASS EUROPE holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AGC HEMELAERS
- What is the company number of AGC HEMELAERS?
- The company number of AGC HEMELAERS is 0841.788.071. The VAT number is the same number with BE in front: BE 0841.788.071.
- Where is AGC HEMELAERS based?
- The registered office is at Voortstraat 27, 2400 Mol.Company details
- What does AGC HEMELAERS do?
- According to the KBO register, the main activity is wholesale trade (NACE 46834).
- What is the legal form of AGC HEMELAERS?
- AGC HEMELAERS is a private limited company (BV).
- When was AGC HEMELAERS founded?
- AGC HEMELAERS was founded on 14-12-2011.
- Is AGC HEMELAERS still active?
- Yes, AGC HEMELAERS is an active enterprise in the KBO register.
- How many employees does AGC HEMELAERS have?
- AGC HEMELAERS had an average of 12.2 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does AGC HEMELAERS fall under?
- In its 2023 annual accounts, AGC HEMELAERS states joint committee 124 (Construction).
- What is the turnover of AGC HEMELAERS?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.
- Is AGC HEMELAERS profitable?
- In financial year 2025, AGC HEMELAERS made a profit of €45,515.
- Where can I find the annual accounts of AGC HEMELAERS?
- AGC HEMELAERS filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AGC HEMELAERS due?
- AGC HEMELAERS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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