Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of AGECO is 0.7% (low). The 2024 annual accounts show equity of €404k and a net result of €35k. Equity is growing by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 30% of 1972 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.7%
Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector
+Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
2 signals · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-08-2025, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 14-08-2025 | 14 d late | 2025-00375075 |
| 31-12-2023 | 31-07-2024 | 28-08-2024 | 28 d late | 2024-00389152 |
| 31-12-2022 | 31-07-2023 | 19-09-2023 | 50 d late | 2023-00448302 |
| 31-12-2021 | 31-07-2022 | 12-10-2022 | 73 d late | 2022-20460415 |
| 31-12-2020 | 31-07-2021 | 18-01-2022 | 171 d late | 2022-01200141 |
| 31-12-2019 | 31-07-2020 | 30-10-2020 | 91 d late | 2020-68700495 |
| 31-12-2018 | 31-07-2019 | 05-08-2019 | 5 d late | 2019-45200221 |
| 31-12-2017 | 31-07-2018 | 30-08-2018 | 30 d late | 2018-57700131 |
| 31-12-2016 | 31-07-2017 | 09-08-2017 | 9 d late | 2017-42000524 |
| 31-12-2015 | 31-07-2016 | 29-08-2016 | 29 d late | 2016-56100442 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 2003, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
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.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€35k-74.5%
Working capital€-201k-235.4%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 14-08-2025 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~25.3%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 81, Cleaning & landscape services · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 18.8% | 36.6% | |
| Net result | €35k | €10k | |
| Equity | €404k | €29k | |
| Gross operating margin | €886k | €39k | |
| Staff costs | €492k | €34k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P30
Stable position over 2020-2024
· n=270-1972
P81
Stable position over 2020-2024
· n=270-1964
P95
Stable position over 2020-2024
· n=271-1973
P95
Stable position over 2020-2024
· n=269-1962
Describes the position versus peers, not a forecast.
€372k
-3.9%
18-24
€35k
-74.5%
18-24
€307k
+8.2%
18-24
€2.15M
+24.6%
18-24
€404k
+9.5%
18-24
€-201k
-235.4%
18-24
10
+48.4%
18-24
€492k
+50.9%
18-24
€15k
-79.3%
18-24
€1.74M
+28.7%
18-24
€961k
+19.6%
18-24
€781k
+42.0%
18-24
0.79
-14.5%
18-24
0.79
-14.5%
18-24
18.8%
-12.1%
18-24
4.32
+17.5%
18-24
8.7%
-76.7%
18-24
1.6%
-79.6%
18-24
7.49
-39.2%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €372k |
| Net profit | €35k |
| Cash flow | €307k |
| Staff costs | €492k |
| Income taxes | €15k |
| Dividends | - |
| Total assets | €2.15M |
| Equity | €404k |
| Debt | €1.74M |
| of which ≤ 1y | €961k |
| of which > 1y | €781k |
| Working capital | €-201k |
| Employees (FTE) | 9.5 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.79 |
| Quick ratio | 0.79 |
| Working capital ratio | -9.4% |
| Solvency | 18.8% |
| Debt / equity | 4.32 |
| Long-term debt ratio | 1.93 |
| Interest coverage | 7.49 |
| Gross margin | - |
| Net margin | - |
| ROA | 1.6% |
| ROE | 8.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.15M |
| Fixed assets | 21/28 | €1.39M |
| Tangible fixed assets | 22/27 | €1.38M |
| Financial fixed assets | 28 | €10k |
| Current assets | 29/58 | €760k |
| Amounts receivable within one year | 40/41 | €571k |
| Cash & bank | 54/58 | €189k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.15M |
| Equity | 10/15 | €404k |
| Contributions / capital | 10/11 | €20k |
| Reserves | 13 | €380k |
| Accumulated profits (losses) | 14 | €3k |
| Amounts payable | 17/49 | €1.74M |
| Amounts payable after one year | 17 | €781k |
| Amounts payable within one year | 42/48 | €961k |
| Trade debts payable within one year | 44 | €453k |
| Income statement | ||
| Gross operating margin | 9900 | €886k |
| Operating result | 9901 | €99k |
| Financial income | 75 | €206 |
| Financial charges | 65 | €50k |
| Result before taxes | 9903 | €50k |
| Income taxes | 67/77 | €15k |
| Net result for the period | 9904 | €35k |
| Result to be appropriated | 9905 | €35k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed41
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
under verificationDirectors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (23314536). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
-
AELBERTS Gert JackyDirectorState Gazette act 23314536 (16-02-2023)Current16-02-2023 → present
-
AELBERTS JohanDirectorState Gazette act 23314536 (16-02-2023)Current16-02-2023 → present
-
AELBERTS TiboDirectorState Gazette act 23314536 (16-02-2023)Current16-02-2023 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Landschapsverzorging(81300) |
| Legal form | Private limited company(610) |
| Incorporation | 31-01-2003 |
| Status | Active |
| Postal code | 3800 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Naamsesteenweg 3243800 Sint-TruidenEstablishment units
1 locationAgeco Bv
since 20032.126.262.467
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3,120 m²
Buildings1
Building footprint1,304 m²
Volume (LiDAR)9,342 m³
Tallest building9.7 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71353E0422/00C002 | Flanders | 3,120 m² | 1 · 1,304 m² | 9.7 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 3 years ago
2023
16-02-2023 3 directors appointed
- AELBERTS Gert Jacky, Bestuurder
- AELBERTS Johan, Bestuurder
- AELBERTS Tibo, Bestuurder
Notary:
Frank DE WILDE · Gingelom
Analysis
Snowflake analysis
financial profile on 5 axes56
/ 100
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Health
41
Profitability
43
Solvency
19
Growth
78
Stability
100
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Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 1,204 of the 21,134 companies in this sector. 592 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken01410Metselwerk43910Uitvoeren van metsel- en voegwerken43994Landschapsverzorging81300Landschapsverzorging81300Recycling van niet-metaalafval37200Terugwinning van materialen uit afval38210Terugwinning van inerte afvalstoffen38323Schrijnwerk43320Schrijnwerk43320Metaalschrijnwerk45422Verhuur van landbouwmachines en -werktuigen71310Verhuur en lease van landbouwmachines en -werktuigen77310Verhuur en lease van landbouwmachines en -werktuigen77310
Primary activity highlighted.
Names & trade names
| Legal nameNL | AGECO |
Registered office
Naamsesteenweg 324 bus B
3800 Sint-Truiden, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.