Summary
AG Real Estate Westloan is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.48M and a net result of €33k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 95% of 2399 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
51 d early
2023
50 d early
2022
67 d early
2021
47 d early
2020
64 d early
2019
63 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€4.48M▲ 0.7%
2024 · €4.45M
2018: €4.12Mlowest in 8 years
2019: €4.26M▲ +3.5% vs 2018
2020: €4.48M▲ +5.2% vs 2019
2021: €4.73M▲ +5.6% vs 2020
2022: €4.87M▲ +3.0% vs 2021
2023: €4.94M▲ +1.3% vs 2022highest in 8 years
2024: €4.45M▼ -9.9% vs 2023
2025: €4.48M▲ +0.7% vs 2024
2018 → 2025
Net result
€33k▼ 82.4%
2024 · €185k
2018: €-29klowest in 8 years
2019: €145k▲ +599% vs 2018
2020: €223k▲ +54.2% vs 2019
2021: €249k▲ +11.5% vs 2020highest in 8 years
2022: €141k▼ -43.5% vs 2021
2023: €64k▼ -54.2% vs 2022
2024: €185k▲ +187% vs 2023
2025: €33k▼ -82.4% vs 2024
2018 → 2025
Total assets
€4.48M▼ 0.3%
2024 · €4.49M
2018: €9.40M
2019: €10.27M▲ +9.2% vs 2018
2020: €6.80M▼ -33.8% vs 2019
2021: €10.00M▲ +47.2% vs 2020
2022: €17.80M▲ +77.9% vs 2021
2023: €17.81M▲ +0.1% vs 2022highest in 8 years
2024: €4.49M▼ -74.8% vs 2023
2025: €4.48M▼ -0.3% vs 2024lowest in 8 years
2018 → 2025
Solvency
100.0%▲ 1.0pp
2024 · 99.0%
2018: 43.8%
2019: 41.5%▼ -5.2% vs 2018
2020: 66.0%▲ +59.0% vs 2019
2021: 47.3%▼ -28.3% vs 2020
2022: 27.4%▼ -42.1% vs 2021lowest in 8 years
2023: 27.7%▲ +1.3% vs 2022
2024: 99.0%▲ +257% vs 2023
2025: 100.0%▲ +1.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.73M-€4.87M▲ 3.0%€4.94M▲ 1.3%€4.45M▼ 9.9%€4.48M▲ 0.7%
2021: €4.73M
2022: €4.87M▲ +3.0% vs 2021
2023: €4.94M▲ +1.3% vs 2022highest in 5 years
2024: €4.45M▼ -9.9% vs 2023lowest in 5 years
2025: €4.48M▲ +0.7% vs 2024
Operating result€-34k-€-38k▼ 10.5%€-41k▼ 9.3%€-44k▼ 8.5%€-43k▲ 2.6%
2021: €-34khighest in 5 years
2022: €-38k▼ -10.5% vs 2021
2023: €-41k▼ -9.3% vs 2022
2024: €-44k▼ -8.5% vs 2023lowest in 5 years
2025: €-43k▲ +2.6% vs 2024
Net result€249k-€141k▼ 43.5%€64k▼ 54.2%€185k▲ 187%€33k▼ 82.4%
2021: €249khighest in 5 years
2022: €141k▼ -43.5% vs 2021
2023: €64k▼ -54.2% vs 2022
2024: €185k▲ +187% vs 2023
2025: €33k▼ -82.4% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43k in 2025 against €44k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.48M
Fixed assets
€1 =
Current assets
€4.48M ▼ 0.3%
Equity and liabilities €4.48M
Equity
€4.48M ▲ 0.7%
Debt
€838 ▼ 98.1%
Debt's share of the balance-sheet total falls from 1.0% to 0.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.7%▼
2024 · 4.2%
ROA
0.7%▼
2024 · 4.1%
Debt ≤ 1 year
€838▼
2024 · €45k
Income taxes
€11k▼
2024 · €62k
A ratio outside any meaningful range has been withheld (balance sheet total €4.48M, equity €4.48M).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.49M€4.48M▼
Fixed assets21/28€1€1=
Financial fixed assets28€1€1=
Current assets29/58€4.49M€4.48M▼
Amounts receivable within one year40/41€4.49M€4.48M▼
Other amounts receivable41€4.49M€4.48M▼
Equity and liabilities
Total equity and liabilities10/49€4.49M€4.48M▼
Equity10/15€4.45M€4.48M▲
Contributions10/11€4.00M€4.00M=
Capital10€4.00M€4.00M=
Issued capital100€4.00M€4.00M=
Reserves13€272k€274k▲
Non-distributable reserves130/1€272k€274k▲
Legal reserve130€272k€274k▲
Profit (loss) carried forward14€176k€206k▲
Amounts payable17/49€45k€838▼
Amounts payable within one year42/48€45k€838▼
Trade debts44€45k-
Suppliers440/4€45k-
Taxes, remuneration and social security45-€838
Taxes450/3-€838
Income statement
Code20242025
Other operating charges640/8€968€998▲
Gross operating margin9900€-43k€-42k▲
Operating profit (loss)9901€-44k€-43k▲
Financial income75/76B€812k€87k▼
Recurring financial income75€812k€87k▼
Financial charges65/66B€522k€656▼
Recurring financial charges65€522k€656▼
Profit (loss) for the period before taxes9903€246k€43k▼
Income taxes67/77€62k€11k▼
Profit (loss) for the period9904€185k€33k▼
Profit (loss) for the period to be appropriated9905€185k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€860k€208k▼
Profit (loss) brought forward from the previous period14P€675k€176k▼
Transfer to equity691/2€9k€2k▼
To the legal reserve6920€9k€2k▼
Profit to be distributed694/7€675k-
Return on contributions (dividend)694€675k-
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €868 | €868 | €960 | €968 | €998 | ▲ 3.2% |
| Gross operating margin9900 | €-33k | €-37k | €-40k | €-43k | €-42k | ▲ 2.7% |
| Operating profit (loss)9901 | €-34k | €-38k | €-41k | €-44k | €-43k | ▲ 2.6% |
| Financial income75/76B | €972k | €2.33M | €1.15M | €812k | €87k | ▼ 89.3% |
| Recurring financial income75 | €972k | €2.33M | €1.15M | €812k | €87k | ▼ 89.3% |
| Financial charges65/66B | €604k | €2.11M | €1.02M | €522k | €656 | ▼ 99.9% |
| Recurring financial charges65 | €604k | €2.11M | €1.02M | €522k | €656 | ▼ 99.9% |
| Profit (loss) for the period before taxes9903 | €334k | €188k | €86k | €246k | €43k | ▼ 82.4% |
| Income taxes67/77 | €85k | €47k | €21k | €62k | €11k | ▼ 82.4% |
| Profit (loss) for the period9904 | €249k | €141k | €64k | €185k | €33k | ▼ 82.4% |
| Profit (loss) for the period to be appropriated9905 | €249k | €141k | €64k | €185k | €33k | ▼ 82.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.00M | €17.80M | €17.81M | €4.49M | €4.48M | ▼ 0.3% |
| Fixed assets21/28 | €9.69M | €16.54M | €16.84M | €1 | €1 | = |
| Financial fixed assets28 | €9.69M | €16.54M | €16.84M | €1 | €1 | = |
| Current assets29/58 | €309k | €1.25M | €962k | €4.49M | €4.48M | ▼ 0.3% |
| Amounts receivable within one year40/41 | €175k | €1.11M | €598k | €4.49M | €4.48M | ▼ 0.3% |
| Other amounts receivable41 | €175k | €1.11M | €598k | €4.49M | €4.48M | ▼ 0.3% |
| Cash at bank and in hand54/58 | €134k | €143k | €365k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.00M | €17.80M | €17.81M | €4.49M | €4.48M | ▼ 0.3% |
| Equity10/15 | €4.73M | €4.87M | €4.94M | €4.45M | €4.48M | ▲ 0.7% |
| Contributions10/11 | €4.00M | €4.00M | €4.00M | €4.00M | €4.00M | = |
| Capital10 | €4.00M | €4.00M | €4.00M | €4.00M | €4.00M | = |
| Issued capital100 | €4.00M | €4.00M | €4.00M | €4.00M | €4.00M | = |
| Reserves13 | €253k | €260k | €263k | €272k | €274k | ▲ 0.6% |
| Non-distributable reserves130/1 | €253k | €260k | €263k | €272k | €274k | ▲ 0.6% |
| Legal reserve130 | €253k | €260k | €263k | €272k | €274k | ▲ 0.6% |
| Profit (loss) carried forward14 | €480k | €614k | €675k | €176k | €206k | ▲ 17.6% |
| Amounts payable17/49 | €5.27M | €12.92M | €12.87M | €45k | €838 | ▼ 98.1% |
| Amounts payable after more than one year17 | €4.47M | €11.25M | €11.88M | - | - | - |
| Financial debts170/4 | €4.47M | €11.25M | €11.88M | - | - | - |
| Amounts payable within one year42/48 | €804k | €1.67M | €990k | €45k | €838 | ▼ 98.1% |
| Trade debts44 | - | - | - | €45k | - | - |
| Suppliers440/4 | - | - | - | €45k | - | - |
| Taxes, remuneration and social security45 | €5k | - | - | - | €838 | - |
| Taxes450/3 | €5k | - | - | - | €838 | - |
| Other amounts payable47/48 | €800k | €1.67M | €990k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €249k | €141k | €64k | €185k | €33k | ▼ 82.4% |
| Operating cash flow (approximation) | €249k | €141k | €64k | €185k | €33k | ▼ 82.4% |
| Investment in fixed assets (approximation) | - | €-6.85M | €-302k | €16.84M | €0 | ▼ 100% |
| Change in cash | - | €8k | €222k | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
State Gazette act
Resignation: Serge FAUTRE (director)Appointment: Thibaut TREVE (director) · Mandate compensation4 facts ▸
State Gazette act
Resignation: Serge FAUTRE (director)
Appointment: Thibaut TREVE (director) · Mandate compensation4 facts ▸
- General meeting, 03-08-2026
- Director resignation, Serge FAUTRE (director)
- Director appointment, Thibaut TREVE (director)
- Mandate compensation, Thibaut TREVE
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 54current ratio 5345.63
Current ratio from 99.73 to 5345.63; short-term debt falls from €45k to €838.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity times 103current ratio 99.73
Current ratio from 0.97 to 99.73; short-term debt falls from €990k to €45k.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €249k ▲11.5%
Net result €249k, the highest in the series.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 252current ratio 32.15
Current ratio from 0.13 to 32.15; short-term debt falls from €1.31M to €21k.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Back to profitnet €145k
Net result €145k after one loss-making year.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 27 acts read
About the unread acts
Of the 27 Belgian State Gazette acts we know for this company, 1 has been read. The other 26 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Thibaut TREVE
CurrentDirector · since 01-09-2026
01-09-2026
Thibaut TREVE: Appointed as Director
01-09-2026
Serge Fautré: Resigned as Director
Not every act has been read: a resignation may be missing here
26 of this company's 27 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2004
Ground area
3,149 m²
Building footprint
3,026 m²
Volume, LiDAR
70,303 m³
Parcel 21805E0482/00C000, Brussels · tallest building 31.9 m, ±9 floors. Linked by address, not a title deed.
101
companies at this address
See who is registered here
1 establishment unit
AG Real Estate Westloan
since 20042.147.975.126
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0482/00C000 | Brussels | 3,149 m² | 1 · 3,026 m² | 31.9 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
Saint-Josse-Ten-Noode
controls
AG Real Estate WestloanBE 0871.397.025
Recognitions · licences · registrations
Legal Entity Identifier
549300VWDUPM9YME0T81
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Of 56 companies in sector 64929 we hold annual accounts for 40. 17 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-01-2005
Fiscal year end31-12
Abbreviation FR
AG RE Westloan
Activities, NACEBEL 2025
64929Financial service activities, except insurance and pension funding
64999Other financial services
68322Real estate appraisal on a fee or contract basis
81100Combined facilities support activities
Scores and ratios are computed by Checked and are not a credit decision.