Equity
-€468,649
Debts exceed assets in financial year 2024.
AGC
Lifetime
19 annual accounts with figures on one time axis, 36 filings since 1988peak €455,994 (2007)
€95,509▲ 1.1%
lowest -€513,014 (2022)
€64,576▲ 33.0%
peak €240,805 (2007)
-€468,649▲ €64,576
€822,538▼ 7.7%
peak 7.1 FTE (2006)
-not published
Board3 names since 2017
2 directorsGabriel Garot and 1 other
Owners
Documentsfilings and deeds
04-08-20254 days late
2024financial year
Result from €48,566 to €64,576Equity from -€533,225 to -€468,649Cash from €27,704 to €42,654
Key points
from the 2024 annual accountsDebts
€822,538 232% of the balance sheet
Financial debts 88%Suppliers 0%Other 12%
Of this, €97,104 falls due within a year.
Liquidity
2.12 was 1.18 in 2023
Short-term debts fell from €160,095 to €97,104.
Filings
36 annual accounts 103 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Restructuring
2
2 restructurings since 2025. Latest: merger with SHOP ADVENTURE.
Position in the sector
-132.4%
Lower solvency than 95% of companies in retail trade. Sector median 32.6% · 6,479 companies.
Checked score
56
Fair
Financially stronger than 54% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 1.0%▲ +0.2 percentage points vs 06-2025
08-2025: 1.3%▲ +0.3 percentage points vs 07-2025
09-2025: 0.7%▼ -0.6 percentage points vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.6%▼ -0.1 percentage points vs 02-2026lowest value
04-2026: 0.6%● unchanged vs 03-2026lowest value
05-2026: 0.7%▲ +0.1 percentage points vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.4 percentage points vs 07-2026
09-2026: 1.3%▲ +0.2 percentage points vs 08-2026
10-2026: 1.6%▲ +0.3 percentage points vs 09-2026highest value
11-2026: 1.6%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Figures for financial year 2024 (filed on 05-08-2025)
Negative equity -€468,649
Sector: Retail trade (NACE 47)
lowers risk
Founded in 1988
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 47, micro). It does better than 6% of them on solvency, 60% on liquidity, 86% on profitability and 64% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 3,794 companies had the same profile as AGC has now. Each dot stands for 10 companies, two years later.
91.5%
were still trading
5.3%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AGC itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,448 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 3,794 companies, not a prediction for AGC. 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
No credit on open account
Liquidity is ample, with a current ratio of 2.12 (1.18 in 2023), above the usual 1.5. Short-term debt is 27.4% and cash 12.1% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 6479 sector peers (2024).
NBB · sector comparisonPosition among 6479 sector peers
Solvency
better than 5%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 4 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
4 days late
2023
31 days late
2022
31 days late
2021
396 days late
2020
177 days late
2019
202 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 140 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- STEP INVEST 20%annual accounts 2022
Shares in 2 companies, SHOP ADVENTURE and SPORT EVASION AVENTURE
Board & ownershipRecent changes
Merger: AGC takes over SHOP ADVENTURE
“complément de l'article 3” (deed in French) · The company holds all the shares of SHOP ADVENTURE · Director discharge: SHOP ADVENTURE · General meeting of 24-07-2025 · Gazette deed
Merger proposal: AGC takes over SHOP ADVENTURE
The company holds all the shares of SHOP ADVENTURE · The company holds all the shares of SPORT EVASION AVENTURE · Board meeting of 15-05-2025 · Gazette deed
Reappointments: GAROT Joseph (managing director) and HAMOIR Christiane (director)
General meeting of 09-05-2025 · Gazette deed
3 directors reappointed
Gabriel Garot, Christiane Hamoir and Joseph Garot (managing director) · General meeting of 03-06-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AGC Fleurus | €353,889 | €95,509 | -132.4% | - |
| SCHOENEN FRAIKIN Bilzen-Hoeselt | €384,834 | €92,945 | 90.0% | - |
| IL FASHINO PIU Herk-de-Stad | €393,540 | €89,857 | -9.4% | - |
| CHAUSSURES ESCARMELLE - SAINT - MARD Virton | €419,804 | €107,088 | 35.0% | - |
| DE RYCKE Langemark-Poelkapelle | €394,668 | €113,956 | 57.1% | 1 |
| PICCADILLY Landen | €330,577 | €76,194 | 46.2% | - |
| SCHOENEN COOLS Mol | €425,347 | €90,902 | -29.7% | 3.3 |
These companies have the same main activity as AGC: retail sale of footwear (NACE 47721). They are comparable in size and age: total assets between €331,000 and €425,000, founded between 1983 and 1990.
Official details
Source: KBO- Status
- Active since 01-07-1988Normal situation
- Activity
- Retail sale of footwearNACE 47721and 3 others
- Establishment unit
- 2.040.062.2306220 Fleurus, since 13-09-1988
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2024
- ≈ €460,000estimated
- €353,889▼ 1.2%
- ≈ 0 FTEestimated
- Filing
- Filed on 04-08-2025
Insights on AGC
AGC has existed since 1988. The gross margin fell from €405,104 in 2006 to €95,509 in 2024.
Solvency rose in 2024 from -148.9% to -132.4% because of the retained profit.
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
- What is the company number of AGC?
- The company number of AGC is 0435.086.966. The VAT number is the same number with BE in front: BE 0435.086.966.
- Where is AGC based?
- The registered office is at Chemin de Saint-Amand 26, 6220 Fleurus.Company details
- What does AGC do?
- According to the KBO register, the main activity is retail sale of footwear (NACE 47721).
- What is the legal form of AGC?
- AGC is a public limited company (NV).
- When was AGC founded?
- AGC was founded on 01-07-1988.
- Is AGC still active?
- Yes, AGC is an active enterprise in the KBO register.
- What is the turnover of AGC?
- The turnover in financial year 2024 is ≈ €460,000. This figure is estimated from the gross margin of €95,509 and 74 comparable companies (NACE 477). It probably lies between €230,000 and €670,000. In financial year 2020 turnover was €84,358.Financials
- Is AGC profitable?
- In financial year 2024, AGC made a profit of €64,576.
- Where can I find the annual accounts of AGC?
- AGC filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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