Active BE 0639.885.343Private limited company (pre-2019)

AGDM

Rue du Peuple(T) 34 ·7333 Saint-Ghislain, Belgium· 10 yrs active

Sector: General electrical installation work (43211)

Conclusion Checked

The KBO register records legal situation 050 for AGDM (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show equity of €7k and a net result of €-1k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€7k
Net result	€-1k
Better than sector	41%
Active	10 yrs

Financial profile 5 of 5 axes measured · computed by Checked

28 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 60

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

0 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Trust signals 1 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2020 · computed

0 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

open bankruptcy

Score history

25 2018

81 2019

47 2020

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.41 (≥ 1.0) +5

Quick ratio Quick ratio 1.41 (≥ 1.0) +5

Profitability Negatieve ROE -19% -10

Profit trend Net profit down YoY -3

Bankruptcy Open bankruptcy in the KBO legal situation -60

Computed by Checked from the NBB filing for FY 2020 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview5 NBB filings

Annual accounts filed on 31-08-2021 with the NBB · fiscal year 2020 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2020 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	29.2%	37.7%	better than 41% of 1993 sector peers
Net result	€-2k	€8k	better than 21% of 1985 sector peers
Equity	€7k	€38k	better than 19% of 1996 sector peers
Gross operating margin	€4k	€32k	better than 14% of 1984 sector peers
Total assets	€23k	€123k	better than 9% of 1994 sector peers

EBITDA

€2k

-88.9% 18-20

Net profit

€-1k

- 18-20

Cash flow

€2k

-60.4% 18-20

Total assets

€23k

-8.5% 18-20

Equity

€7k

-21.7% 18-20

Working capital

€7k

+9.7% 18-20

Employees (FTE)

1

- 18-20

Debt

€16k

-1.6% 18-20

Debt ≤ 1y

€16k

+3.0% 18-20

Debt > 1y

€743

-85.7% 18-20

Current ratio

1.41

+1.8% 18-20

Quick ratio

1.41

+1.8% 18-20

Solvency

29.2%

-14.5% 18-20

Debt / equity

0.09

- 18-20

ROE

-18.9%

- 18-20

ROA

-5.5%

- 18-20

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2020	2019	2018
Deposit	micro schema	micro schema	micro schema
Revenue	-	-	-
EBITDA	€2k	€18k	€11k
Net profit	€-1k	€595	€-12k
Cash flow	€2k	€5k	€-6k
Staff costs	-	-	-
Income taxes	-	-	-
Dividends	-	-	-
Total assets	€23k	€25k	€38k
Equity	€7k	€9k	€-4k
Debt	€16k	€17k	€42k
of which ≤ 1y	€16k	€16k	€37k
of which > 1y	-	€743	€5k
Working capital	€7k	€6k	€-6k
Employees (FTE)	-	-	0.5

Ratios (computed)

	2020	2019	2018
Current ratio	1.41	1.39	0.83
Quick ratio	1.41	1.39	0.81
Working capital ratio	29.2%	24.4%	-16.7%
Solvency	29.2%	34.2%	-10.6%
Debt / equity	-	0.09	-1.30
Long-term debt ratio	-	0.09	-1.30
Interest coverage	-	-	-
Gross margin	-	-	-
Net margin	-	-	-
ROA	-5.5%	2.4%	-32.0%
ROE	-18.9%	6.9%	301.2%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2020

Equity & liabilities

Equity €7k · 29.2% Debt €16k · 70.8%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2020	2019	2018
Balance sheet, Assets
TOTAL ASSETS	20/58	€23k	€25k	€38k
Fixed assets	21/28	-	€3k	€7k
Formation expenses	20	-	€116	€270
Tangible fixed assets	22/27	-	€3k	€7k
Current assets	29/58	€23k	€22k	€30k
Stocks & contracts in progress	3	-	-	€500
Amounts receivable within one year	40/41	€21k	€22k	€29k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€23k	€25k	€38k
Equity	10/15	€7k	€9k	€-4k
Contributions / capital	10/11	-	€6k	€6k
Reserves	13	€2k	€2k	€2k
Accumulated profits (losses)	14	€-1k	€595	€-12k
Amounts payable	17/49	€16k	€17k	€42k
Amounts payable after one year	17	-	€743	€5k
Amounts payable within one year	42/48	€16k	€16k	€37k
Trade debts payable within one year	44	€8k	€8k	€18k
Income statement
Gross operating margin	9900	€4k	€22k	€17k
Operating result	9901	€-1k	€13k	€5k
Financial charges	65	€612	€703	€728
Result before taxes	9903	€-2k	€13k	€5k
Net result for the period	9904	€-2k	€13k	€5k
Result to be appropriated	9905	€-2k	€13k	€5k

Legal Structure

NACE primary	General electrical installation work(43211)
Legal form	Private limited company (pre-2019)(015)
Incorporation	04-10-2015
Status	Active
Postal code	7333

Establishment units 1 location

AGDM

Rue Marais(B) 16, 7331 Saint-GhislainConstruction of residential and non-residential buildings

since 20152.253.091.254

Real-estate footprint Source: CBE × cadastre

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
53009B0920/00G000	Wallonia	833 m²	1 · 143 m²	-
53075E0515/00E013	Wallonia	571 m²	1 · 48 m²	5.2 m · 1 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 5 events

All 6Financial 1Filings 5

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

07-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 38 days late

2019

31-12

Financial Back to profitnet €595

Net result €595 after one loss-making year.

26-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 26 days late

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 30 days late

2017

25-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

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.

Credit advice verdict per customer and amount

No credit: a bankruptcy procedure is open.

Company registry (CBE) Crossroads Bank

Activities

General electrical installation work43211General construction of residential buildings41001

Names & trade names

Legal nameFR

AGDM

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